Document:

<PAGE>

                                  Exhibit 10.1

CONTACTS
--------------------------------------------------------------------------------

     Administrator:            Barbara A Campbell
     Direct Phone No:          (714)247-6278
     Address:                  Deutsche Bank
                               1761 E. St. Andrew Place
                               Santa Ana, CA 92705

     Web Site:                 http://www-apps.gis.deutsche-bank.com/invr
     Factor Information:       (800) 735-7777
     Main Phone No:            (714) 247-6000

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

<TABLE>
<S>                          <C>                                                     <C>                    <C>
ISSUANCE INFORMATION
-----------------------------------------------------------------------------------------------------------------------------------

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

     Underwriter(s):         Lehman Brothers Securities Corporation - Underwriter    Distribution Date:     October 15, 2001
                                                                                     Record Date:           October 12, 2001

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

<PAGE>

                    GreenPoint Home Equity Loan Trust 2001-1
                   Home Equity Loan Asset-Backed Certificates
                                  Series 2001-1
          Certificate Payment Report for October 15, 2001 Distribution

<TABLE>
<CAPTION>
Distribution in Dollars - Current Period
--------------------------------------------------------------------------------------------------------------------------------
                                      Prior                                                                         Current
        Class       Original        Principal                                     Total     Realized  Deferred     Principal
 Class  Type       Face Value        Balance        Interest    Principal     Distribution   Losses   Interest      Balance
--------------------------------------------------------------------------------------------------------------------------------
                                       (1)            (2)          (3)        (4)=(2)+(3)      (5)      (6)       (7)=(1)-(3)-
                                                                                                                    (5)+(6)
--------------------------------------------------------------------------------------------------------------------------------
<S>    <C>       <C>             <C>             <C>           <C>           <C>            <C>       <C>        <C>
  A-1  FLT,STEP  196,178,000.00  171,025,998.50    493,172.47  6,421,187.43   6,914,359.90        -         -    164,604,811.07
  A-2  FLT,STEP  106,801,000.00   93,534,790.85    270,445.45  2,311,779.71   2,582,225.16        -         -     91,223,011.15
   R      R                   -               -    787,902.96             -     787,902.96        -         -                 -

--------------------------------------------------------------------------------------------------------------------------------
 Total           302,979,000.00  264,560,789.35  1,551,520.88  8,732,967.13  10,284,488.01        -         -    255,827,822.22
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Interest Accrual Detail                Current Period Factor Information per $1,000 of Original Face
--------------------------------------------------------------------------------------------------------------------------------
                                                 Orig. Principal    Prior                                            Current
         Period   Period                         (with Notional)  Principal                              Total      Principal
 Class  Starting  Ending     Method     Cusip        Balance       Balance    Interest    Principal   Distribution   Balance
--------------------------------------------------------------------------------------------------------------------------------
                                                                     (1)        (2)          (3)       (4)=(2)+(3)     (5)
--------------------------------------------------------------------------------------------------------------------------------
<S>    <C>       <C>       <C>        <C>        <C>              <C>         <C>         <C>         <C>           <C>
 A-1   09/17/01  10/14/01  A-Act/360  395385AJ6   196,178,000.00  871.789897   2.513903   32.731435     35.245338    839.058463
 A-2   09/17/01  10/14/01  A-Act/360  395385AK3   106,801,000.00  875.785722   2.532237   21.645675     24.177912    854.140047
  R                             -                              -           -          -           -             -             -

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

<TABLE>
<CAPTION>
Distribution in Dollars - to Date
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                                      Current
           Original                    Unscheduled    Scheduled        Total         Total      Realized  Deferred   Principal
 Class    Face Value      Interest      Principal     Principal      Principal    Distribution   Losses   Interest    Balance
---------------------------------------------------------------------------------------------------------------------------------
             (1)            (2)            (3)           (4)        (5)=(3)+(4)   (6)=(2)+(5)       (7)      (8)    (9)=(1)-(5)-
                                                                                                                       (7)+(8)
---------------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>           <C>            <C>           <C>            <C>           <C>       <C>      <C>
 A-1    196,178,000.00  4,088,786.42  30,102,274.92  1,470,914.01  31,573,188.93  35,661,975.35        -        -  164,604,811.07
 A-2    106,801,000.00  2,250,273.91  14,804,390.77    773,598.09  15,577,988.86  17,828,262.77        -        -   91,223,011.15
  R                  -  2,159,577.93              -             -              -   2,159,577.93        -        -               -

---------------------------------------------------------------------------------------------------------------------------------
 Total  302,979,000.00  8,498,638.26  44,906,665.69  2,244,512.10  47,151,177.79  55,649,816.04        -        -  255,827,822.22
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Interest Detail
--------------------------------------------------------------------------------------------------------------------------------
          Pass-    Prior Principal                  Non-        Prior    Unscheduled                   Paid or       Current
         Through   (with Notional)   Accrued     Supported     Unpaid     Interest        Optimal      Deferred       Unpaid
 Class    Rate         Balance       Interest   Interest SF   Interest   Adjustments      Interest     Interest      Interest
--------------------------------------------------------------------------------------------------------------------------------
                                       (1)          (2)         (3)          (4)          (5)=(1)-       (6)       (7)=(5)-(6)
                                                                                        (2)+(3)+(4)
--------------------------------------------------------------------------------------------------------------------------------
<S>      <C>       <C>              <C>         <C>           <C>        <C>            <C>          <C>           <C>
 A-1     3.70750%  171,025,998.50   493,172.47           -          -              -    493,172.47     493,172.47           -
 A-2     3.71750%   93,534,790.85   270,445.45           -          -              -    270,445.45     270,445.45           -
  R                             -            -           -          -              -             -     787,902.96           -

--------------------------------------------------------------------------------------------------------------------------------
 Total             264,560,789.35   763,617.92           -          -              -    763,617.92   1,551,520.88           -
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

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

<TABLE>
<CAPTION>
SUMMARY                                                             POOL II          POOL I           TOTAL
------------------------------------------------------------------------------------------------------------
<S>                                                            <C>             <C>            <C>
  Net Principal Collections                                    2,136,991.26    6,068,583.35    8,205,574.61

  TOTAL PRINCIPAL                                              2,136,991.26    6,068,583.35    8,205,574.61

  Interest Collections                                           634,338.21    1,224,227.83    1,858,566.04
  Interest Fees                                                  (14,492.64)     (26,170.44)     (40,663.08)

  TOTAL INTEREST                                                 619,845.57    1,198,057.39    1,817,902.96

  TOTAL AVAILABLE FUNDS                                        2,756,836.83    7,266,640.74   10,023,477.57

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

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

  Principal Collections                                        4,200,827.31    7,729,357.02   11,930,184.33
  Repurchases/Substitutions                                            0.00            0.00            0.00
  Liquidations                                                         0.00       98,491.97       98,491.97
  Insurance Principal                                                  0.00            0.00            0.00
  Liquidation Loss Amounts                                             0.00            0.00            0.00
  Additional Balances                                         (2,063,836.05)  (1,759,265.64)  (3,823,101.69)

  TOTAL PRINCIPAL COLLECTED                                    2,136,991.26    6,068,583.35    8,205,574.61

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

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

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

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

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

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

  Interest Collections                                           673,864.69    1,295,562.98    1,969,427.67
  Repurchases/Substitutions                                            0.00            0.00            0.00
  Liquidations                                                         0.00          945.60          945.60
  Insurance Interest                                                   0.00            0.00            0.00
  Other Additional Interest                                            0.00            0.00            0.00
  Current Servicing Fee                                          (39,526.48)     (72,280.75)    (111,807.23)

  TOTAL INTEREST                                                 634,338.21    1,224,227.83    1,858,566.04

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

<PAGE>

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

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

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

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

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

  Trustee Fee                                                        632.42      1,156.49      1,788.91
  Certificate Insurer Premium                                     13,683.45     24,690.72     38,374.17
  Management Fee                                                     176.77        323.23        500.00

  TOTAL INTEREST  FEES                                            14,492.64     26,170.44     40,663.08

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

<PAGE>

--------------------------------------------------------------------------------
                            Credit Enhancement Report

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

<TABLE>
<CAPTION>
ACCOUNTS                                                      POOL II          POOL I           TOTAL
------------------------------------------------------------------------------------------------------
<S>                                                      <C>             <C>             <C>
  Beginning Reserve Fund Balance                                                         2,419,808.39
  Curr Period Amounts Dep to Res Fund                                                      527,392.52
  Curr Withdrawal from Reserve Fund                                                        787,902.96
  Reserve Fund Balance                                                                   2,947,200.91

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

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

  Insured Amount                                                 0.00            0.00            0.00
  Reimbursements to the Insurer                                  0.00            0.00            0.00
  Cumulative Insurance Payment                                   0.00            0.00            0.00

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

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

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

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

  Three Month Average Net Excess Spread Amount                37.7852%         5.7687%
  Rolling Six-month Pool Delinquency Rate                      0.0000%         0.0000%

  Prior Overcollateralization Amount                     1,328,752.40    2,447,799.03    3,776,551.43
  Specified Overcollateralization Amount                 3,290,547.21    3,172,694.69    6,463,241.90
  Overcollateralization Amount                           1,503,540.84    2,800,403.11    4,303,943.95
  Overcollateralization Deficiency Amount                1,787,006.37      372,291.58    2,159,297.95

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

  Current Accelerated Principal Payment                    174,788.45      352,604.08      527,392.52
  Cumulative Accelerated Principal Payment               1,503,358.45    2,815,517.43    4,318,875.88

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

<PAGE>

--------------------------------------------------------------------------------
                                Collateral Report

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

<TABLE>
<CAPTION>
COLLATERAL                                                    POOL II            POOL I             TOTAL
----------------------------------------------------------------------------------------------------------
<S>                                                    <C>               <C>               <C>
    Loan Count:
  Original                                                       1191              4428              5619
  Prior                                                           984             3,772             4,756
  Prefunding                                                        -                 -                 -
  Scheduled Paid Offs                                               -                 -                 -
  Full Voluntary Prepayments                                      (30)             (129)             (159)
  Repurchases                                                       -                 -                 -
  Liquidations                                                      -                (2)               (2)
  --------------------------------------------------------------------------------------------------------
  Current                                                         954             3,644             4,598

  Principal Balance:
  Original                                             106,801,182.40    196,178,327.60    302,979,510.00
  Prior                                                 94,863,543.25    173,473,797.53    268,337,340.78
  Prefunding                                                        -                 -                 -
  Scheduled Principal                                     (123,034.24)      (247,675.68)      (370,709.92)
  Partial and Full Voluntary Prepayments                (4,077,793.07)    (7,481,681.34)   (11,559,474.41)
  Repurchases                                                       -                 -                 -
  Liquidations                                                      -        (98,491.97)       (98,491.97)
  --------------------------------------------------------------------------------------------------------
  Current                                               92,726,551.99    167,405,214.18    260,131,766.17
----------------------------------------------------------------------------------------------------------

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

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

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

  Weighted Average Coupon Original                           9.879188%        10.019075%         9.969764%
  Weighted Average Coupon Prior                              9.884389%         9.981989%         9.947331%
  Weighted Average Coupon Current                            9.900293%         9.982165%         9.953221%
  --------------------------------------------------------------------------------------------------------
  Weighted Average Months to Maturity Original                    189               195               193
  Weighted Average Months to Maturity Prior                       184               190               188
  Weighted Average Months to Maturity Current                     182               189               187
  --------------------------------------------------------------------------------------------------------
  Weighted Avg Remaining Amortization Term Original               196               213               207
  Weighted Avg Remaining Amortization Term Prior                  190               208               202
  Weighted Avg Remaining Amortization Term Current                188               207               200
  --------------------------------------------------------------------------------------------------------
  Weighted Average Seasoning Original                            2.92              3.09              3.03
  Weighted Average Seasoning Prior                               5.95              6.22              6.12
  Weighted Average Seasoning Current                             6.94              7.21              7.11

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

<PAGE>

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                     POOL II       POOL I         TOTAL
-----------------------------------------------------------------------------------------------------------
<S>                                                                   <C>          <C>          <C>
  Weighted Average Margin Original                                      293.006%     228.112%
  Weighted Average Margin Prior                                         293.976%     229.247%
  Weighted Average Margin Current                                       297.623%     230.016%
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Max Rate Original                                     17.033%      14.638%
  Weighted Average Max Rate Prior                                        17.139%      14.853%
  Weighted Average Max Rate Current                                      17.229%      14.904%
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Min Rate Original                                      2.930%       2.281%
  Weighted Average Min Rate Prior                                         2.940%       2.293%
  Weighted Average Min Rate Current                                       2.976%       2.301%
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Cap Up Original
  Weighted Average Cap Up Prior
  Weighted Average Cap Up Current
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Cap Down Original
  Weighted Average Cap Down Prior
  Weighted Average Cap Down Current

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

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

  TOTAL SERVICING FEE                                                 39,526.48    72,280.75    111,807.23

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

ADDITIONAL COLLATERAL INFORMATION                                       POOL II       POOL I         TOTAL
-----------------------------------------------------------------------------------------------------------
                                    SPACE INTENTIONALLY LEFT BLANK

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

<PAGE>

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

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

<TABLE>
<CAPTION>
                                  CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS          TOTAL
-------------------------------------------------------------------------------------------------------------
<S>                             <C>           <C>             <C>             <C>             <C>
DELINQUENT     Balance                        5,980,941.84    1,240,485.37      375,046.59     7,596,473.80
               % Balance                              2.30%           0.48%           0.14%            2.92%
               # Loans                                  70              12               7               89
               % # Loans                              1.52%           0.26%           0.15%            1.94%
-------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                   -      119,939.34      131,565.83    1,786,757.58     2,038,262.75
               % Balance              0.00%           0.05%           0.05%           0.69%            0.78%
               # Loans                   -               2               2              33               37
               % # Loans              0.00%           0.04%           0.04%           0.72%            0.80%
-------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance          140,740.61       83,658.37               -      594,564.53       818,963.51
               % Balance              0.05%           0.03%           0.00%           0.23%            0.31%
               # Loans                   3               1               -               2                6
               % # Loans              0.07%           0.02%           0.00%           0.04%            0.13%
-------------------------------------------------------------------------------------------------------------
REO            Balance                   -               -               -               -                -
               % Balance              0.00%           0.00%           0.00%           0.00%            0.00%
               # Loans                   -               -               -               -                -
               % # Loans              0.00%           0.00%           0.00%           0.00%            0.00%
-------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------
TOTAL          Balance          140,740.61    6,184,539.55    1,372,051.20    2,756,368.70    10,453,700.06
               % Balance              0.05%           2.38%           0.53%           1.06%            4.02%
               # Loans                   3              73              14              42              132
               % # Loans              0.07%           1.59%           0.30%           0.91%            2.87%
-------------------------------------------------------------------------------------------------------------
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

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

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

<TABLE>
<CAPTION>
                                  CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS          TOTAL
-------------------------------------------------------------------------------------------------------------
<S>                             <C>           <C>             <C>             <C>             <C>
DELINQUENT     Balance                        2,430,044.72      496,073.10      278,821.43     3,204,939.25
               % Balance                              1.45%           0.30%           0.17%            1.91%
               # Loans                                  53               7               6               66
               % # Loans                              1.45%           0.19%           0.16%            1.81%
-------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                   -      119,939.34      131,565.83    1,302,098.24     1,553,603.41
               % Balance              0.00%           0.07%           0.08%           0.78%            0.93%
               # Loans                   -               2               2              29               33
               % # Loans              0.00%           0.05%           0.05%           0.80%            0.91%
-------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance          130,767.39       83,658.37               -       57,285.73       271,711.49
               % Balance              0.08%           0.05%           0.00%           0.03%            0.16%
               # Loans                   2               1               -               1                4
               % # Loans              0.05%           0.03%           0.00%           0.03%            0.11%
-------------------------------------------------------------------------------------------------------------
REO            Balance                   -               -               -               -                -
               % Balance              0.00%           0.00%           0.00%           0.00%            0.00%
               # Loans                   -               -               -               -                -
               % # Loans              0.00%           0.00%           0.00%           0.00%            0.00%
-------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------
TOTAL          Balance          130,767.39    2,633,642.43      627,638.93    1,638,205.40     5,030,254.15
               % Balance              0.08%           1.57%           0.37%           0.98%            3.00%
               # Loans                   2              56               9              36              103
               % # Loans              0.05%           1.54%           0.25%           0.99%            2.83%
-------------------------------------------------------------------------------------------------------------
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

<PAGE>

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

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

<TABLE>
<CAPTION>
                                  CURRENT      1 PAYMENT       2  PAYMTS      3+  PAYMTS        TOTAL
---------------------------------------------------------------------------------------------------------
<S>                              <C>         <C>              <C>           <C>             <C>
DELINQUENT      Balance                      3,550,897.12     744,412.27       96,225.16    4,391,534.55
                % Balance                            3.83%          0.80%           0.10%           4.74%
                # Loans                                17              5               1              23
                % # Loans                            1.78%          0.52%           0.10%           2.41%
---------------------------------------------------------------------------------------------------------
FORECLOSURE     Balance                 -               -              -      484,659.34      484,659.34
                % Balance            0.00%           0.00%          0.00%           0.52%           0.52%
                # Loans                 -               -              -               4               4
                % # Loans            0.00%           0.00%          0.00%           0.42%           0.42%
---------------------------------------------------------------------------------------------------------
BANKRUPTCY      Balance          9,973.22               -              -      537,278.80      547,252.02
                % Balance            0.01%           0.00%          0.00%           0.58%           0.59%
                # Loans                 1               -              -               1               2
                % # Loans            0.10%           0.00%          0.00%           0.10%           0.21%
---------------------------------------------------------------------------------------------------------
REO             Balance                 -               -              -               -               -
                % Balance            0.00%           0.00%          0.00%           0.00%           0.00%
                # Loans                 -               -              -               -               -
                % # Loans            0.00%           0.00%          0.00%           0.00%           0.00%
---------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------
TOTAL           Balance          9,973.22    3,550,897.12     744,412.27    1,118,163.30    5,423,445.91
                % Balance            0.01%           3.83%          0.80%           1.21%           5.85%
                # Loans                 1              17              5               6              29
                % # Loans            0.10%           1.78%          0.52%           0.63%           3.04%
---------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

<PAGE>

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

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

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

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

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

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

<PAGE>

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

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

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS                                                             POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>             <C>              <C>
  Current
  Number of Paid in Full Loans                                                         30             129              159
  Number of Repurchased Loans                                                           -               -                -
  -------------------------------------------------------------------------------------------------------------------------
  Total Number of Loans Prepaid in Full                                                30             129              159

  Paid in Full Balance                                                       2,877,263.65    6,567,799.59     9,445,063.24
  Repurchased Loans Balance                                                             -               -                -
  Curtailments Amount                                                        1,200,529.42      913,881.75     2,114,411.17
  -------------------------------------------------------------------------------------------------------------------------
  Total Prepayment Amount                                                    4,077,793.07    7,481,681.34    11,559,474.41

  Cumulative
  Number of Paid in Full Loans                                                        237             780            1,017
  Number of Repurchased Loans                                                           -               -                -
  -------------------------------------------------------------------------------------------------------------------------
  Total Number of Loans Prepaid in Full                                               237             780            1,017

  Paid in Full Balance                                                      23,258,346.60   39,989,319.36    63,247,665.96
  Repurchased Loans Balance                                                             -               -                -
  Curtailments Amount                                                       12,252,184.82   13,216,407.89    25,468,592.71
  -------------------------------------------------------------------------------------------------------------------------
  Total Prepayment Amount                                                   35,510,531.42   53,205,727.25    88,716,258.67

                                          SPACE INTENTIONALLY LEFT BLANK

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

VOLUNTARY PREPAYMENT RATES                                                        POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------

  SMM                                                                                4.30%           4.32%            4.31%
  3 Months Avg SMM                                                                   5.18%           4.53%            4.76%
  12 Months Avg SMM

  Avg SMM Since Cut-off                                                              5.78%           4.75%            5.12%

  CPR                                                                               41.02%          41.13%           41.09%
  3 Months Avg CPR                                                                  47.19%          42.67%           44.31%
  12 Months Avg CPR

  Avg CPR Since Cut-off                                                             51.04%          44.25%           46.75%

  PSA                                                                             2953.48%        2853.99%         2888.64%
  3 Months Avg PSA Approximation                                                  3760.37%        3286.19%         3453.60%
  12 Months Avg PSA Approximation
  Avg PSA Since Cut-off Approximation                                             5003.99%        4188.24%         4479.41%

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

<PAGE>

PREPAYMENT CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
  Single Monthly Mortality (SMM): (Voluntary partial and full prepayments +
  Repurchases)/(Beg Principal Balance - Sched Principal)

  Conditional Prepayment Rate (CPR): 1-((1-SMM)12)

  PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

  Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)
  * (1-SMMn+1) *.....*(1-SMMm)](1/months in period n,m)
  Average CPR over period between the nth month and mth month (AvgCPRn,m):
  1-((1-AvgSMMn,m) 12)

  Average PSA Approximation over period between the nth month and mth month:
  AvgCPRn,m/(0.02*Avg WASn,m))

  Average WASn,m: (min(30,WASn)+min(30,WASn+1)+......+min(30,WASm)/(number of
  months in the period n,m)

  Weighted Average Seasoning (WAS)

  Note: Prepayment rates are calculated since deal issue date and include
        partial and full voluntary prepayments and repurchases.
        Dates correspond to distribution dates.
--------------------------------------------------------------------------------

<PAGE>

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

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

<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES                                             POOL II         POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------
<S>                                                                    <C>         <C>              <C>
  Current
  Number of Loans Liquidated                                                -               2                2
  Collateral Realized Loss/(Gain) Amount                                    -               -                -
  Net Liquidation Proceeds                                                  -       98,491.97        98,491.97

  Cumulative
  Number of Loans Liquidated                                                -               7                7
  Collateral Realized Loss/(Gain) Amount                                    -       15,441.92        15,441.92
  Net Liquidation Proceeds                                                  -      341,183.79       341,183.79

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

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

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

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

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

  MDR                                                                    0.00%           0.06%            0.04%
  3 Months Avg MDR                                                       0.00%           0.07%            0.04%
  12 Months Avg MDR
  Avg MDR Since Cut-off                                                  0.00%           0.03%            0.02%

  CDR                                                                    0.00%           0.68%            0.44%
  3 Months Avg CDR                                                       0.00%           0.80%            0.52%
  12 Months Avg CDR
  Avg CDR Since Cut-off                                                  0.00%           0.40%            0.26%

  SDA                                                                    0.00%           4.71%            3.09%
  3 Months Avg  SDA Approximation                                        0.00%           6.14%            4.02%
  12 Months Avg SDA Approximation
  Avg SDA Since Cut-off Approximation                                    0.00%           3.78%            2.47%

  Loss Severity Approximation for Current Period                                         0.00%            0.00%
  3 Months Avg Loss Severity Approximation                                               2.99%            2.99%
  12 Months Avg Loss Severity Approximation
  Avg  Loss Severity Approximation Since Cut-off                                         2.99%            2.99%

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

<PAGE>

COLLATERAL REALIZED LOSS  CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
   Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/
   (Total Beg Principal Balance)

   Conditional Default Rate (CDR):  1-((1-MDR)12)

   SDA Standard Default Assumption:
   CDR/IF(WAS 61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

   Average MDR over period between nth month and mth month (AvgMDRn,m):
   [(1-MDRn) * (1-MDRn+1)*....*(1-MDRm)] (1/months in period n,m)

   Average CDR over period between the nth month and mth month (AvgCDRn,m):
   1-((1-AvgMDRn,m)12)

   Average SDA Approximation over period between the nth month and mth month:

   AvgCDRn,m/IF(Avg WASn,m 61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg
   WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

   Average WASn,m: (WASn + WASn+1 ++ WASm)/(number of months in the period n,m)

   Loss Severity Approximation for current period: sum(Realized Loss Amount)
   /sum(Beg Principal Balance of Liquidated Loans)

   Average Loss Severity Approximation over period between nth month and mth
   month: Avg(Loss Severityn,m)

   Note: Default rates are calculated since deal issue date and include
         realized gains and additional realized losses and gains from prior
         periods.

         Dates correspond to distribution dates.
--------------------------------------------------------------------------------

<PAGE>

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

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

SUMMARY                                            LOAN GROUP
-----------------------------------------------    -----------------------------

Total Loan Count = 2                               Loan Group 1 = Pool I Group
Total Original Principal Balance = 37,616.00       Loan Group 2 = Pool II Group
Total Prior Principal Balance = 98,491.97
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 98,491.97
-----------------------------------------------    -----------------------------

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
 Loan Number             Original     Prior                    Current      State &
      &         Loan    Principal   Principal     Realized      Note         LTV at     Original  Origination
  Loan Group   Status    Balance     Balance     Loss/(Gain)    Rate      Origination     Term       Date
---------------------------------------------------------------------------------------------------------------
<S>            <C>      <C>         <C>          <C>           <C>        <C>           <C>       <C>
 101542991 1            37,616.00   75,689.03             -     11.000%   WA - 14.75%      180     Nov-27-00
 102059359 1                    -   22,802.94             -     13.250%   CA - 80.00%      180     Dec-07-00

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

<PAGE>

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

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

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

  Insurer Default                                              No           No             No

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

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

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

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

  Detail Delinq. Breakdown to Supplement pages 11-13
  Number of Mort. Loans Delinq. 90 -119 days                    1            6              7
  Balance of Mort. Loans Delinq. 90 -119 days           96,225.16   278,821.43     375,046.59
  Number of Mort. Loans Delinq. 120 -149 days                  --           --             --
  Balance of Mort. Loans Delinq. 120 -149 days               0.00         0.00           0.00
  Number of Mort. Loans Delinq. 150 -179 days                  --           --             --
  Balance of Mort. Loans Delinq. 150 -179 days               0.00         0.00           0.00
  Number of Mort. Loans Delinq. 180 days or more               --           --             --
  Balance of Mort. Loans Delinq. 180 days or more            0.00         0.00           0.00
  Count of ALL Loans 180 day plus bucket                        3           11             14
  Balance of ALL Loans 180 day plus bucket             702,912.14   447,602.31   1,150,514.45
  Management Fee Accrued and Unpaid                      1,060.64     1,939.36       3,000.00

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

                                  Exhibit 10.1

CONTACTS
--------------------------------------------------------------------------------

     Administrator:             Barbara A Campbell
     Direct Phone No:           (714)247-6278
     Address:                   Deutsche Bank
                                1761 E. St. Andrew Place
                                Santa Ana, CA 92705

     Web Site:                  http://www-apps.gis.deutsche-bank.com/invr
     Factor Information:        (800) 735-7777
     Main Phone No:             (714) 247-6000

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

<TABLE>
ISSUANCE
INFORMATION
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>                                               <C>                      <C>
     Seller:                    GreenPoint Mortgage                               Cut-Off Date:            November 30, 2000
     Certificate Insurer:       Financial Guaranty Insurance Corporation          Closing Date:            December 18, 2000
     Servicer(s):               GreenPoint Mortgage - Master Servicer             First Payment Date:      January 16, 2001

     Underwriter(s):            Greenwich Capital Markets, Inc. - Underwriter     Distribution Date:       September 17, 2001
                                                                                  Record Date:             September 14, 2001

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

<PAGE>

                    GreenPoint Home Equity Loan Trust 2000-3
                       Home Equity Loan Asset-Backed Notes
                                  Series 2000-3
         Certificate Payment Report for September 17, 2001 Distribution

Distribution in Dollars - Current Period

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                       Prior                                                                              Current
           Class      Original       Principal                                     Total        Realized   Deferred      Principal
 Class     Type      Face Value       Balance       Interest       Principal    Distribution     Losses    Interest       Balance
------------------------------------------------------------------------------------------------------------------------------------
                                        (1)            (2)            (3)       (4)=(2)+(3)       (5)         (6)      (7)=(1)-(3)-
                                                                                                                         (5)+(6)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>             <C>             <C>         <C>             <C>             <C>         <C>       <C>
  A-1    FLT,STEP   102,736,000.00  81,700,669.41   288,335.28  5,155,028.81     5,443,364.09            -         -   76,545,640.61
  A-2    FLT,STEP    98,584,000.00  77,437,224.88   273,288.87  4,527,542.74     4,800,831.61            -         -   72,909,682.15
  A-3    FLT,STEP    97,966,000.00  75,651,564.65   267,680.45  3,606,123.64     3,873,804.09            -         -   72,045,441.01
   S                             -              -   222,647.79             -       222,647.79            -         -               -
   R                             -              -            -             -                -            -         -               -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total              299,286,000.00 234,789,458.94 1,051,952.39 13,288,695.18    14,340,647.57            -         -  221,500,763.76
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Interest Accrual Detail                Current Period Factor Information per $1,000 of Original Face
------------------------------------------------------------------------------------------------------------------------------------
                                                    Orig. Principal    Prior                                               Current
          Period    Period                          (with Notional)  Principal                               Total        Principal
 Class   Starting   Ending     Method      Cusip        Balance       Balance     Interest     Principal   Distribution    Balance
------------------------------------------------------------------------------------------------------------------------------------
                                                                        (1)         (2)           (3)     (4)=(2)+(3)         (5)
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>       <C>        <C>        <C>        <C>              <C>            <C>         <C>       <C>             <c>
  A-1    08/15/01  09/16/01   A-Act/360  395385AF4  102,736,000.00   795.248690     2.806565    50.177433   52.983999     745.071256
  A-2    08/15/01  09/16/01   A-Act/360  395385AG2   98,584,000.00   785.494856     2.772142    45.925736   48.697878     739.569120
  A-3    08/15/01  09/16/01   A-Act/360  395385AH0   97,966,000.00   772.222655     2.732381    39.542332  735.412705      36.809951
   S                                  -                          -            -            -            -           -              -
   R                                  -                          -            -            -            -           -              -
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
Distribution in Dollars - to Date
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                          Current
            Original                   Unscheduled    Scheduled       Total         Total        Realized     Deferred   Principal
 Class     Face Value     Interest      Principal     Principal     Principal    Distribution     Losses      Interest    Balance
------------------------------------------------------------------------------------------------------------------------------------
              (1)            (2)           (3)           (4)       (5)=(3)+(4)   (6)=(2)+(5)       (7)           (8)    (9)=(1)-(5)-
                                                                                                                          (7)+(8)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>             <C>             <C>         <C>             <C>             <C>         <C>       <C>
  A-1   102,736,000.00  3,695,501.70  24,825,690.54  1,364,668.86  26,190,359.40  29,885,861.10         -          -   76,545,640.61
  A-2    98,584,000.00  3,530,494.50  24,298,473.41  1,375,844.45  25,674,317.86  29,204,812.36         -          -   72,909,682.15
  A-3    97,966,000.00  3,431,870.38  24,744,983.91  1,175,575.08  25,920,558.99  29,352,429.37         -          -   72,045,441.01
   S                 -    222,647.79              -             -              -     222,647.79         -          -               -
   R                 -             -              -             -              -              -         -          -               -

------------------------------------------------------------------------------------------------------------------------------------
 Total  299,286,000.00 10,880,514.37  73,869,147.85  3,916,088.39  77,785,236.24  88,665,750.61         -          -  221,500,763.7
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
Interest Detail
------------------------------------------------------------------------------------------------------------------------------------
           Pass-   Prior Principal                     Non-           Prior      Unscheduled                   Paid or     Current
          Through  (with Notional)     Accrued       Supported       Unpaid        Interest      Optimal      Deferred      Unpaid
 Class     Rate        Balance        Interest      Interest SF     Interest     Adjustments     Interest     Interest     Interest
------------------------------------------------------------------------------------------------------------------------------------
                                         (1)            (2)            (3)           (4)         (5)=(1)-       (6)      (7)=(5)-(6)
                                                                                                (2)+(3)+(4)
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>       <C>                <C>          <C>             <C>          <C>            <C>           <C>        <C>
  A-1     3.85000%  81,700,669.41      288,335.28             -             -              -     288,335.28   288,335.28           -
  A-2     3.85000%  77,437,224.88      273,288.87             -             -              -     273,288.87   273,288.87           -
  A-3     3.86000%  75,651,564.65      267,680.45             -             -              -     267,680.45   267,680.45           -
   S                            -               -             -             -              -              -   222,647.79           -
   R                            -               -             -             -              -              -            -           -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total             234,789,458.94      829,304.60             -             -              -     829,304.60 1,051,952.39           -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

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

SUMMARY                                                                POOL III         POOL II          POOL I           TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>             <C>             <C>             <C>
    Net Principal Collections                                      3,261,101.67    4,270,180.29    4,876,036.00    12,407,317.96

    TOTAL PRINCIPAL                                                3,261,101.67    4,270,180.29    4,876,036.00    12,407,317.96

    Interest Collections                                             623,538.46      627,865.62      698,427.38     1,949,831.46
    Interest Fees                                                    (10,836.04)     (10,978.60)     (11,530.95)      (33,345.59)

    TOTAL INTEREST                                                   612,702.42      616,887.02      686,896.43     1,916,485.87

    TOTAL AVAILABLE FUNDS                                          3,873,804.09    4,887,067.31    5,562,932.43    14,323,803.83

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

<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS                                              POOL III           POOL II          POOL I           TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>             <C>             <C>             <C>
    Principal Collections                                          4,808,904.44    4,919,042.46    5,711,161.57    15,439,108.47
    Repurchases/Substitutions                                              0.00            0.00            0.00             0.00
    Liquidations                                                           0.00      321,966.97      225,219.39       547,186.36
    Insurance Principal                                                    0.00            0.00            0.00             0.00
    Liquidation Loss Amounts                                               0.00       16,843.74            0.00        16,843.74
    Additional Balances                                           (1,547,802.77)    (937,141.66)  (1,060,344.96)   (3,545,289.39)
    Draw Amount on Demand Note                                             0.00       16,843.74            0.00        16,843.74

    TOTAL PRINCIPAL COLLECTED                                      3,261,101.67    4,270,180.29    4,876,036.00    12,407,317.96

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

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

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

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

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

<TABLE>
<CAPTION>
INTEREST - COLLECTIONS                                                 POOL III         POOL II          POOL I           TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>             <C>             <C>             <C>
    Interest Collections                                             655,018.67      657,128.85      731,176.17     2,043,323.69
    Repurchases/Substitutions                                              0.00            0.00            0.00             0.00
    Liquidations                                                           0.00        3,223.37        1,600.00         4,823.37
    Insurance Interest                                                     0.00            0.00            0.00             0.00
    Other Additional Interest                                              0.00            0.00            0.00             0.00
    Current Servicing Fee                                            (31,480.21)     (32,486.60)     (34,348.79)      (98,315.60)

    TOTAL INTEREST                                                   623,538.46      627,865.62      698,427.38     1,949,831.46

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

<PAGE>

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

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

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

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

<TABLE>
<CAPTION>
INTEREST - FEES                                                          POOL III         POOL II          POOL I          TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                      <C>            <C>             <C>              <C>
    Trustee Fee                                                            629.60          649.73          686.98         1,966.31
    Certificate Insurer Premium                                         10,206.44       10,328.87       10,843.97        31,379.28
    Management Fee                                                           0.00            0.00            0.00             0.00

    TOTAL INTEREST  FEES                                                10,836.04       10,978.60       11,530.95        33,345.59

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

<PAGE>

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

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

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

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

    Draws on the Policy                                                     0.00            0.00            0.00             0.00
    Draws on the Demand Note                                                0.00       16,843.74            0.00        16,843.74

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

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

<TABLE>
<CAPTION>
STRUCTURAL FEATURES                                                     POOL III         POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>             <C>             <C>              <C>
    Pool Delinquency Rate                                                 2.2313%         2.2873%         1.2560%
    Rolling Six-month Pool Delinquency Rate                               1.8859%         1.1464%         0.9443%

    Prior Overcollateralization Amount                                      0.00            0.00            0.00             0.00
    Specified Overcollateralization Amount                          2,161,032.93    2,174,666.96    2,769,695.10     7,105,394.99
    Overcollateralization Amount                                            0.00      513,771.90      736,429.77     1,250,201.67
    Overcollateralization Deficiency Amount                         2,161,032.93    1,660,895.06    2,033,265.33     5,855,193.32

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

    Current Accelerated Principal Payment                             245,949.63      257,362.45      278,992.81       782,304.88
    Cumulative Accelerated Principal Payment                          609,470.95      787,978.09    1,015,422.58     2,412,871.61

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

<PAGE>

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

COLLATERAL                                                         POOL III           POOL II            POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                           <C>               <C>              <C>              <C>
      Loan Count:
    Original                                                            583              2188              2664             5435
    Prior                                                               438             1,703             2,081            4,222
    Prefunding                                                            -                 -                 -                -
    Scheduled Paid Offs                                                   -                 -                 -                -
    Full Voluntary Prepayments                                          (20)              (80)             (108)            (208)
    Repurchases                                                           -                 -                 -                -
    Liquidations                                                          -                (6)               (4)             (10)
    --------------------------------------------------------------------------------------------------------------------------------
    Current                                                             418             1,617             1,969            4,004

    Principal Balance:
    Original                                                  96,045,908.07     96,651,865.01    100,721,912.99   293,419,686.07
    Prior                                                     75,552,492.31     77,967,840.52     82,437,099.18   235,957,432.01
    Prefunding                                                            -                 -                 -                -
    Scheduled Principal                                          (91,380.26)      (117,319.50)      (118,881.20)     (327,580.96)
    Partial and Full Voluntary Prepayments                    (4,717,524.18)    (4,784,879.22)    (5,592,280.37)  (15,094,683.77)
    Repurchases                                                           -                 -                 -                -
    Liquidations                                                          -       (321,966.97)      (225,219.39)     (547,186.36)
    --------------------------------------------------------------------------------------------------------------------------------
    Current                                                   72,291,390.64     73,680,816.49     77,561,063.18   223,533,270.31
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

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

<TABLE>
<CAPTION>
CHARACTERISTICS                                                    POOL III           POOL II            POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>               <C>               <C>             <C>
    Weighted Average Coupon Original                               7.491710%         7.985425%         8.355685%        7.950915%
    Weighted Average Coupon Prior                                 10.166330%        10.019127%        10.103499%       10.096011%
    Weighted Average Coupon Current                                9.954251%         9.786363%         9.925296%        9.888659%
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                        194               199               197              197
    Weighted Average Months to Maturity Prior                           187               193               190              190
    Weighted Average Months to Maturity Current                         186               192               189              189
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                   200               214               208              207
    Weighted Avg Remaining Amortization Term Prior                      194               206               201              200
    Weighted Avg Remaining Amortization Term Current                    195               206               200              200
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                2.84              2.88              3.04             2.93
    Weighted Average Seasoning Prior                                   8.84              8.86              9.02             8.91
    Weighted Average Seasoning Current                                 8.87              9.00              9.16             9.01

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

Note:  Original information refers to deal issue.

<PAGE>

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                POOL III           POOL II            POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>                <C>              <C>                 <C>
    Weighted Average Margin Original                                 2.966%            2.411%            2.558%
    Weighted Average Margin Prior                                    3.034%            2.397%            2.512%
    Weighted Average Margin Current                                  3.020%            2.383%            2.518%
    -----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                              17.703%           17.039%           17.227%
    Weighted Average Max Rate Prior                                 17.697%           17.203%           17.281%
    Weighted Average Max Rate Current                               17.680%           17.204%           17.274%
    -----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                               6.606%            7.182%            7.837%
    Weighted Average Min Rate Prior                                  6.604%            7.070%            7.781%
    Weighted Average Min Rate Current                                6.577%            7.072%            7.766%
    -----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Up Original
    Weighted Average Cap Up Prior
    Weighted Average Cap Up Current
    -----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Down Original
    Weighted Average Cap Down Prior
    Weighted Average Cap Down Current

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

Note: Original information refers to deal issue.

<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES                                          POOL III           POOL II            POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>               <C>               <C>              <C>
    TOTAL SERVICING FEE                                           31,480.21         32,486.60         34,348.79        98,315.60

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

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

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

<PAGE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
                                                   Delinquency Report - Total
----------------------------------------------------------------------------------------------------------------------------------

                                                          CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                       <C>        <C>             <C>             <C>             <C>
DELINQUENT           Balance                                         2,718,844.29      915,063.45               -     3,633,907.74
                     % Balance                                               1.22%           0.41%           0.00%            1.63%
                     # Loans                                                   57               9               -               66
                     % # Loans                                               1.42%           0.22%           0.00%            1.65%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                    -               -      684,517.55    2,370,515.14     3,055,032.69
                     % Balance                               0.00%           0.00%           0.31%           1.06%            1.37%
                     # Loans                                    -               -              12              31               43
                     % # Loans                               0.00%           0.00%           0.30%           0.77%            1.07%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                                    -               -       95,022.40      300,119.73       395,142.13
                     % Balance                               0.00%           0.00%           0.04%           0.13%            0.18%
                     # Loans                                    -               -               2               4                6
                     % # Loans                               0.00%           0.00%           0.05%           0.10%            0.15%
----------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                    -               -               -               -                -
                     % Balance                               0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                    -               -               -               -                -
                     % # Loans                               0.00%           0.00%           0.00%           0.00%            0.00%
----------------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                                    -    2,718,844.29    1,694,603.40    2,670,634.87     7,084,082.56
                     % Balance                               0.00%           1.22%           0.76%           1.19%            3.17%
                     # Loans                                    -              57              23              35              115
                     % # Loans                               0.00%           1.42%           0.57%           0.87%            2.87%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

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

                                                          CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                       <C>        <C>             <C>             <C>             <C>
DELINQUENT           Balance                                         1,219,363.99       70,971.07               -     1,290,335.06
                     % Balance                                               1.57%           0.09%           0.00%            1.66%
                     # Loans                                                   29               2               -               31
                     % # Loans                                               1.47%           0.10%           0.00%            1.57%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                    -               -      104,680.90      825,639.45       930,320.35
                     % Balance                               0.00%           0.00%           0.13%           1.06%            1.20%
                     # Loans                                    -               -               4              14               18
                     % # Loans                               0.00%           0.00%           0.20%           0.71%            0.91%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                                    -               -               -       65,672.64        65,672.64
                     % Balance                               0.00%           0.00%           0.00%           0.08%            0.08%
                     # Loans                                    -               -               -               2                2
                     % # Loans                               0.00%           0.00%           0.00%           0.10%            0.10%
----------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                    -               -               -               -                -
                     % Balance                               0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                    -               -               -               -                -
                     % # Loans                               0.00%           0.00%           0.00%           0.00%            0.00%
----------------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                                    -    1,219,363.99      175,651.97      891,312.09     2,286,328.05
                     % Balance                               0.00%           1.57%           0.23%           1.15%            2.95%
                     # Loans                                    -              29               6              16               51
                     % # Loans                               0.00%           1.47%           0.30%           0.81%            2.59%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

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

                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                   <C>        <C>               <C>             <C>            <C>
DELINQUENT           Balance                                          1,066,124.67      382,193.96               -     1,448,318.63
                     % Balance                                                1.45%           0.52%           0.00%            1.97%
                     # Loans                                                    25               5               -               30
                     % # Loans                                                1.55%           0.31%           0.00%            1.86%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -      382,926.46      790,677.70     1,173,604.16
                     % Balance                                0.00%           0.00%           0.52%           1.07%            1.59%
                     # Loans                                     -               -               7              13               20
                     % # Loans                                0.00%           0.00%           0.43%           0.80%            1.24%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                                     -               -       95,022.40       34,447.09       129,469.49
                     % Balance                                0.00%           0.00%           0.13%           0.05%            0.18%
                     # Loans                                     -               -               2               1                3
                     % # Loans                                0.00%           0.00%           0.12%           0.06%            0.19%
------------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                                     -    1,066,124.67      860,142.82      825,124.79     2,751,392.28
                     % Balance                                0.00%           1.45%           1.17%           1.12%            3.73%
                     # Loans                                     -              25              14              14               53
                     % # Loans                                0.00%           1.55%           0.87%           0.87%            3.28%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

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

                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                   <C>          <C>             <C>             <C>              <C>
DELINQUENT           Balance                                            433,355.63      461,898.42               -       895,254.05
                     % Balance                                                0.60%           0.64%           0.00%            1.24%
                     # Loans                                                     3               2               -                5
                     % # Loans                                                0.72%           0.48%           0.00%            1.20%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -      196,910.19      754,197.99       951,108.18
                     % Balance                                0.00%           0.00%           0.27%           1.04%            1.32%
                     # Loans                                     -               -               1               4                5
                     % # Loans                                0.00%           0.00%           0.24%           0.96%            1.20%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                                     -               -               -      200,000.00       200,000.00
                     % Balance                                0.00%           0.00%           0.00%           0.28%            0.28%
                     # Loans                                     -               -               -               1                1
                     % # Loans                                0.00%           0.00%           0.00%           0.24%            0.24%
------------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                                     -      433,355.63      658,808.61      954,197.99     2,046,362.23
                     % Balance                                0.00%           0.60%           0.91%           1.32%            2.83%
                     # Loans                                     -               3               3               5               11
                     % # Loans                                0.00%           0.72%           0.72%           1.20%            2.63%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

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

SUMMARY                                                LOAN GROUP
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>
Total Loan Count =  0                                  Loan Group 1  =  Pool I Group;  REO Book Value  =  000.00
Total Original Principal Balance =  000.00             Loan Group 2  =  Pool II Group;  REO Book Value  =  000.00
Total Current Balance =  000.00                        Loan Group 3  =  Pool III Group;  REO Book Value  =  000.00
REO Book Value =  000.00

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

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

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

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

<PAGE>

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

VOLUNTARY PREPAYMENTS                                                      POOL III         POOL II          POOL I           TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                   <C>             <C>             <C>             <C>
    Current
    Number of Paid in Full Loans                                                 20              80             108             208
    Number of Repurchased Loans                                                   -               -               -               -
    --------------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                        20              80             108             208

    Paid in Full Balance                                               3,713,594.12    4,190,118.67    4,778,736.41   12,682,449.20
    Repurchased Loans Balance                                                     -               -               -               -
    Curtailments Amount                                                1,003,930.06      594,760.55      813,543.96    2,412,234.57
    --------------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                            4,717,524.18    4,784,879.22    5,592,280.37   15,094,683.77

    Cumulative
    Number of Paid in Full Loans                                                165             563             687           1,415
    Number of Repurchased Loans                                                   -               -               -               -
    --------------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                       165             563             687           1,415

    Paid in Full Balance                                              31,700,523.41   28,544,099.05   29,412,217.02   89,656,839.48
    Repurchased Loans Balance                                                     -               -               -               -
    Curtailments Amount                                               12,133,449.46    7,968,982.62   10,005,604.14   30,108,036.22
    --------------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                           43,833,972.87   36,513,081.67   39,417,821.16  119,764,875.70

                                                     SPACE INTENTIONALLY LEFT BLANK

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

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                  POOL III         POOL II          POOL I           TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>             <C>             <C>             <C>
    SMM                                                                        6.25%           6.15%           6.79%           6.41%
    3 Months Avg SMM                                                           5.78%           6.03%           5.92%           5.91%
    12 Months Avg SMM
    Avg SMM Since Cut-off                                                      5.61%           4.60%           4.73%           4.97%

    CPR                                                                       53.91%          53.29%          57.01%          54.82%
    3 Months Avg CPR                                                          51.06%          52.58%          51.91%          51.87%
    12 Months Avg CPR
    Avg CPR Since Cut-off                                                     50.00%          43.19%          44.08%          45.77%

    PSA                                                                     3037.88%        2960.92%        3111.47%        3040.43%
    3 Months Avg  PSA Approximation                                         2997.68%        3067.65%        2972.02%        3012.39%
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation                                     4267.11%        3673.78%        3646.57%        3859.42%

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

<PAGE>

PREPAYMENT CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
 Single Monthly Mortality (SMM):  (Voluntary partial and full prepayments +
 Repurchases)/(Beg Principal Balance - Sched Principal)

 Conditional Prepayment Rate (CPR):  1-((1-SMM)** 12)

 PSA Standard Prepayment Model:  CPR/(0.02*min(30,WAS))

 Average SMM over period between nth month and mth month (AvgSMMn,m):  [(1-SMMn)
 * (1-SMMn+1) *.......*(1-SMMm)]**(1/months in period n,m)

 Average CPR over period between the nth month and mth month (AvgCPRn,m):
 1-((1-AvgSMMn,m)** 12)

 Average PSA Approximation over period between the nth month and mth month:
 AvgCPRn,m/(0.02*Avg WASn,m))

 Average WASn,m:  (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of
 months in the period n,m)

 Weighted Average Seasoning (WAS)

    Note:  Prepayment rates are calculated since deal issue date and include
           partial and full voluntary prepayments and repurchases. Dates
           correspond to distribution dates.
--------------------------------------------------------------------------------
* denotes roof tops found in text.

<PAGE>

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

COLLATERAL REALIZED LOSSES                                                POOL III       POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>               <C>             <C>              <C>
    Current
    Number of Loans Liquidated                                                 -               6               4               10
    Collateral Realized Loss/(Gain) Amount                                     -       16,843.74               -        16,843.74
    Net Liquidation Proceeds                                                   -      305,123.23      225,219.39       530,342.62

    Cumulative
    Number of Loans Liquidated                                                 -               9               7               16
    Collateral Realized Loss/(Gain) Amount                            462,593.66       37,269.96               -       499,863.62
    Net Liquidation Proceeds                                         (462,593.66)     444,123.19      318,466.70       299,996.23

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

    Cumulative Losses as % of Original Balance                            0.4816%         0.0386%         0.0000%          0.1704%

    Cumulative Losses as % of Current Balance                             0.6399%         0.0506%         0.0000%          0.2236%

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

<TABLE>
<CAPTION>
DEFAULT SPEEDS                                                            POOL III       POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                      <C>             <C>              <C>               <C>
    MDR                                                                     0.00%           0.41%           0.27%            0.23%
    3 Months Avg MDR                                                        0.00%           0.18%           0.11%            0.10%
    12 Months Avg MDR
    Avg MDR Since Cut-off                                                   0.00%           0.07%           0.04%            0.04%

    CDR                                                                     0.00%           4.84%           3.23%            2.75%
    3 Months Avg CDR                                                        0.00%           2.15%           1.33%            1.18%
    12 Months Avg CDR
    Avg CDR Since Cut-off                                                   0.00%           0.80%           0.50%            0.44%

    SDA                                                                     0.00%          26.92%          17.63%           15.24%
    3 Months Avg  SDA Approximation                                         0.00%          12.54%           7.59%            6.83%
    12 Months Avg SDA Approximation
    Avg SDA Since Cut-off Approximation                                     0.00%           6.80%           4.14%            3.71%

    Loss Severity Approximation for Current Period                                          5.23%           0.00%            3.08%
    3 Months Avg Loss Severity Approximation                                                2.62%           0.00%          148.61%
    12 Months Avg Loss Severity Approximation
    Avg  Loss Severity Approximation Since Cut-off                                         14.35%           0.00%          106.21%

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

<PAGE>

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
    Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/
    (Total Beg Principal Balance)

    Conditional Default Rate (CDR): 1-((1-MDR)**12)

    SDA Standard Default Assumption: CDR/IF(WAS***61,MIN(30,WAS)*0.02,MAX
    (0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

    Average MDR over period between nth month and mth month (AvgMDRn,m):
    [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]**(1/months in period n,m)
    Average CDR over period between the nth month and mth month (AvgCDRn,m):
    1-((1-AvgMDRn,m)**12)

    Average SDA Approximation over period between the nth month and mth month:

    AvgCDRn,m/IF(Avg WASn,m***61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg
    WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

    Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the
    period n,m)

    Loss Severity Approximation for current period: sum(Realized Loss Amount)/
    sum(Beg Principal Balance of Liquidated Loans)
    Average Loss Severity Approximation over period between nth month and mth
    month: Avg(Loss Severityn,m)

    Note: Default rates are calculated since deal issue date and include
          realized gains and additional realized losses and gains from prior
          periods.

          Dates correspond to distribution dates.
--------------------------------------------------------------------------------
** denotes roof top
*** denotes less than

<PAGE>

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

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

SUMMARY                                                                  LOAN GROUP
---------------------------------------------------------                -----------------------------------------------------------
<S>                                                                      <C>
Total Loan Count = 10                                                    Loan Group 1 = Pool I Group
Total Original Principal Balance = 588,500.00                            Loan Group 2 = Pool II Group
Total Prior Principal Balance = 547,186.36                               Loan Group 3 = Pool III Group
Total Realized Loss Amount = 16,843.74
Total Net Liquidation Proceeds = 530,342.62
---------------------------------------------------------                -----------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
   Loan Number                Original        Prior                         Current       State &
        &           Loan     Principal      Principal        Realized        Note          LTV at         Original       Origination
    Loan Group     Status     Balance        Balance       Loss/(Gain)       Rate       Origination         Term            Date
------------------------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>             <C>            <C>             <C>         <C>                <C>            <C>
   101373397 1               25,000.00      24,552.10               -       7.750%     WA  -  79.02%         300          Sep-07-00

   101460533 1              100,000.00      98,323.68               -       8.750%     CA  -  78.47%         180          Oct-24-00

   101571230 1               93,000.00      86,976.65               -       7.500%     CA  -  79.99%         180          Oct-19-00

   101824712 1               17,000.00      15,366.96               -      14.125%     CA  -  90.00%         180          Oct-31-00

   101386258 2               87,700.00      86,311.51               -      12.250%     CA  -  89.88%         180          Aug-28-00

   101491926 2               55,500.00      54,910.56               -      10.000%     CA  -  95.00%         180          Sep-07-00

   101515989 2               23,100.00      23,024.10               -      12.125%     CA  -  89.96%         180          Sep-28-00

   101612513 2               41,200.00      41,095.38               -      12.250%     CA  -  94.98%         180          Sep-22-00

   101801108 2               46,000.00      16,843.74       16,843.74      14.500%     PA  - 100.00%         180          Oct-31-00

   101840809 2              100,000.00      99,781.68               -      12.375%     CA  -  86.98%         180          Oct-31-00

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

<PAGE>

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

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

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

    Insurer Default                                                          No              No              No               No

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

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

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

<TABLE>
<CAPTION>
ADDITIONAL INFORMATION                                                 POOL III         POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>             <C>             <C>            <C>
    Detail Delinq. Breakdown to Supplement pages 11-13
    Number of Mort. Loans Delinq. 90 -119 days                                -               -               -                -
    Balance of Mort. Loans Delinq. 90 -119 days                            0.00            0.00            0.00             0.00
    Number of Mort. Loans Delinq. 120 -149 days                               -               -               -                -
    Balance of Mort. Loans Delinq. 120 -149 days                           0.00            0.00            0.00             0.00
    Number of Mort. Loans Delinq. 150 -179 days                               -               -               -                -
    Balance of Mort. Loans Delinq. 150 -179 days                           0.00            0.00            0.00             0.00
    Number of Mort. Loans Delinq. 180 days or more                            1               -               -                1
    Balance of Mort. Loans Delinq. 180 days or more                  505,911.37            0.00           10.00       505,921.37
    Number of Mort. Loans Delinq. 180 days or more (including
    status)                                                                   2               6              10               18
    Balance of Mort. Loans Delinq. 180 days or more (including
    status)                                                          327,578.04      280,036.00      559,391.17     1,167,005.21

    Management Fee Accrued and Unpaid                                  1,473.03        1,482.30        1,544.67         4,500.00

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]