Document:

<PAGE>

                                                          Stock Option Agreement
                                                       2000 Stock Incentive Plan

                                 NETOPIA, INC.

                           2000 STOCK INCENTIVE PLAN

                            STOCK OPTION AGREEMENT
                            ----------------------

     This Stock Option Agreement (this "Agreement") is made and entered into as
of the Date of Grant set forth in the Notice (the "Date of Grant") by and
between Netopia, Inc., a Delaware corporation (the "Company"), and the Optionee
("Optionee") named in the "Notice of Grant of Stock Options" (the "Notice")
attached to this Agreement. Capitalized terms not defined herein shall have the
meaning ascribed to them in the Company's 2000 Stock Incentive Plan (the
"Plan").

     1.   Grant of Option. The Company hereby grants to Optionee a nonqualified
          ---------------
stock option (this "Option") to purchase up to the total number of shares of
Common Stock of the Company set forth in the Notice as Total Option Shares
(collectively, the "Shares") at the Exercise Price Per Share set forth in the
Notice (the "Exercise Price"), subject to all of the terms and conditions of
this Agreement and the Plan.

     2.   Vesting; Exercise Period.
          ------------------------

          2.1  Vesting of Shares. This Option shall be exercisable as it vests.
               -----------------
Subject to the terms and conditions of the Plan and this Agreement, this Option
shall vest and become exercisable as to portions of the Shares as follows:
provided Optionee has continuously provided services to the Company or any
Subsidiary, this Option shall become exercisable over a period measured from the
Date of Grant as set forth in the Notice. This Option shall cease to vest upon
Optionee's Termination and Optionee shall in no event be entitled under this
Option to purchase a number of shares of the Company's Common Stock greater than
the "Total Option Shares."

          2.2  Vesting of Options. Shares that are vested pursuant to the
               ------------------
schedule set forth in Section 2.1 hereof are "Vested Shares." Shares that are
not vested pursuant to the schedule set forth in Section 2.1 hereof are
"Unvested Shares."

          2.3  Expiration. This Option shall expire on the Expiration Date set
               ----------
forth in the Notice and must be exercised, if at all, on or before the earlier
of the Expiration Date or the date on which this Option is earlier terminated in
accordance with the provisions of Section 3 hereof.

     3.   Termination.
          -----------

          3.1  Termination for Any Reason Except Death, Permanent Disability or
               ----------------------------------------------------------------
Cause. If Optionee is Terminated for any reason except Optionee's death,
-----
Permanent Disability

                                      -1-
<PAGE>

or Cause, then this Option, to the extent (and only to the extent) that it is
vested in accordance with the schedule set forth in Section 2.1 hereof on the
Termination Date, may be exercised by Optionee no later than three (3) months
after the Termination Date, but in any event no later than the Expiration Date.

          3.2  Termination Because of Death or Permanent Disability.  If
               ----------------------------------------------------
Optionee is Terminated because of death or Permanent Disability of Optionee,
then this Option, to the extent that it is vested as provided in this Section
3.2, may be exercised by Optionee (or Optionee's legal representative or
authorized assignee) no later than twelve (12) months after the Termination
Date, but in any event no later than the Expiration Date. If Optionee is
Terminated because of death of Optionee when Optionee has been in the Company's
or a Subsidiary's service for less than two (2) years, then all of Optionee's
outstanding options under this Agreement shall become exercisable for an
additional number of option shares as if the Optionee had been in the Company's
or a Subsidiary's service for two (2) additional years. If Optionee is
Terminated because of death of Optionee when Optionee has been in the Company's
or a Subsidiary's service for two (2) years or more, then all of Optionee's
outstanding options under this Agreement shall be fully exercisable. Any
exercise after three months after the Termination Date when the Termination is
for any reason other than Optionee's death, within the meaning of Code Section
22(e)(3), shall be deemed to be the exercise of a nonqualified stock option. For
purposes of this Agreement, "Permanent Disability" means the inability of
Optionee to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment which is expected to result
in death or has lasted or can be expected to last for a continuous period of
twelve (12) months or more.

          3.3  Termination for Cause.  If Optionee is Terminated for Cause, this
               ---------------------
Option will expire on the Optionee's date of Termination.

          3.4  No Obligation to Employ. Nothing in the Plan or this Agreement
               -----------------------
shall confer on Optionee any right to continue in the employ of, or other
relationship with, the Company or any Subsidiary of the Company, or limit in any
way the right of the Company or any Subsidiary of the Company to terminate
Optionee's employment or other relationship at any time, with or without Cause.

     4.   Manner of Exercise.
          ------------------

          4.1  Stock Option Exercise Agreement. To exercise this Option,
               -------------------------------
Optionee (or in the case of exercise after Optionee's death, Optionee's
executor, administrator, heir or legatee, as the case may be) must deliver to
the Company an executed stock option exercise agreement in the form attached
hereto as Exhibit A, or in such other form as may be approved by the Company
          ----------
from time to time (the "Exercise Agreement"), which shall set forth, inter
                                                                     -----
alia, Optionee's election to exercise this Option, the number of shares being
----
purchased, any restrictions imposed on the Shares and any representations,
warranties and agreements regarding Optionee's investment intent and access to
information as may be required by the Company to comply with applicable
securities laws. If someone other than Optionee exercises this Option,

                                      -2-
<PAGE>

then such person must submit documentation reasonably acceptable to the Company
that such person has the right to exercise this Option.

               4.2  Limitations on Exercise. This Option may not be exercised
                    -----------------------
unless such exercise is in compliance with all applicable federal and state
securities laws, as they are in effect on the date of exercise.

               4.3  Payment. The Exercise Agreement shall be accompanied by full
                    -------
payment of the Exercise Price for the Shares being purchased in cash (by check)
or where permitted by law;

     (a)  by surrender of shares of the Company's Common Stock that either: (1)
          have been owned by Optionee for more than six (6) months and have been
          paid for within the meaning of SEC Rule 144 (and, if such shares were
          purchased from the Company by use of a promissory note, such note has
          been fully paid with respect to such shares); or (2) were obtained by
          Optionee in the open public market; and (3) are clear of all liens,
                                              ---
          claims, encumbrances or securities interests;

     (b)  provided that a public market for the Company's stock exists: (1)
          through a "same day sale" commitment from Optionee and a broker-dealer
          selected by the Company that is a member of the National Association
          of Securities Dealers (an "NASD Dealer") whereby Optionee irrevocably
          elects to exercise tis Option and to sell a portion of the Shares so
          purchased to pay for the Exercise Price and whereby the NASD Dealer
          irrevocably commits upon receipt of such Shares to forward the
          exercise price directly to the Company; or (2) through a "margin"
                                                  --
          commitment from Optionee and and NASD Dealer whereby Optionee
          irrevocably elects to exercise this Option and to pledge the Shares so
          purchased to the NASD Dealer in a margin account as security for a
          loan from the NASD Dealer in the amount of the Exercise Price, and
          whereby the NASD Dealer irrevocably commits upon receipt of such
          Shares to forward the Exercise Price directly to the Company; or

     (c)  by any combination of the foregoing.

               4.4  Tax Withholding.  Prior to the issuance of the Shares upon
                    ---------------
exercise of this Option, Optionee must pay or provide for any applicable federal
or state withholding obligations of the Company. If the Committee permits,
Optionee may provide for payment of withholding taxes upon exercise of this
Option by requesting that the Company retain Shares with a Fair Market Value
equal to the minimum amount of taxes required to be withheld. In such case, the
Company shall issue the net number of Shares to the Optionee by deducting the
Shares retained from the Shares issuable upon exercise.

               4.5  Issuance of Shares. Provided that the Exercise Agreement and
                    ------------------
payment are in form and substance satisfactory to counsel for the Company, the
Company shall issue the Shares registered in the name of Optionee, Optionee's
authorized assignee, or

                                      -3-
<PAGE>

Optionee's legal representative, and shall deliver certificates representing the
Shares with the appropriate legends affixed thereto.

     5.   Compliance with Laws and Regulations. The exercise of this Option and
          ------------------------------------
the issuance and transfer of Shares shall be subject to compliance by the
Company and Optionee with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on
which the Company's Common Stock may be listed at the time of such issuance or
transfer. Optionee understands that the Company is under no obligation to
register or qualify the Shares with the SEC, any state securities commission or
any stock exchange to effect such compliance.

     6.   Nontransferability of Option.  This Option may not be transferred
          ----------------------------
in any manner other than under the terms and conditions of the Plan or by will
or by the laws of descent and distribution and may be exercised during the
lifetime of Optionee only by Optionee.  The terms of this Option shall be
binding upon the executors, administrators, successors and assigns of Optionee.

     7.   Tax Consequences.  Set forth below is a brief summary as of the date
          ----------------
the Board adopted the Plan of some of the federal tax consequences of exercise
of this Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY
INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE
SHOULD CONSULT A TAX ADVISOR BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE
SHARES.

          7.1  Exercise of Nonqualified Stock Option. There may be a regular
               -------------------------------------
federal income tax liability upon the exercise of this Option. Optionee will be
treated as having received compensation income (taxable at ordinary income tax
rates) equal to the excess, if any, of the fair market value of the Shares on
the date of exercise over the Exercise Price. The Company may be required to
withhold from Optionee's compensation or collect from Optionee and pay to the
applicable taxing authorities an amount equal to a percentage of this
compensation income at the time of exercise.

          7.2  Disposition of Shares.  If the Shares are held for more than
               ---------------------
twelve (12) months after the date of the transfer of the Shares pursuant to the
exercise of an NQSO, any gain realized on disposition of the Shares will be
treated as long-term capital gain. The Company may be required to withhold from
Optionee's compensation or collect from the Optionee and pay to the applicable
taxing authorities an amount equal to a percentage of this compensation income.

     8.   Privileges of Stock Ownership. Optionee shall not have any of the
          -----------------------------
rights of a stockholder with respect to any Shares until the Shares are issued
to Optionee.

     9.   Interpretation.  Any dispute regarding the interpretation of this
          --------------
Agreement shall be submitted by Optionee or the Company to the Committee for
review.  The resolution of such a dispute by the Committee shall be final and
binding on the Company and Optionee.

                                      -4-
<PAGE>

     10.  Entire Agreement.  The Plan is incorporated herein by reference.
          ----------------
This Agreement and the Plan and the Exercise Agreement constitute the entire
agreement and understanding of the parties hereto with respect to the subject
matter hereof and supersede all prior understandings and agreements with respect
to such subject matter.

     11.  Notices.  Any notice required to be given or delivered to the Company
          -------
under the terms of this Agreement shall be in writing and addressed to the
Corporate Secretary of the Company at its principal corporate offices. Any
notice required to be given or delivered to Optionee shall be in writing and
addressed to Optionee at the address indicated in the Notice or to such other
address as such party may designate in writing from time to time to the Company.
All notices shall be deemed to have been given or delivered upon: personal
delivery; three (3) days after deposit in the United States mail by certified or
registered mail (return receipt requested); one (1) business day after deposit
with any return receipt express courier (prepaid); or one (1) business day after
transmission by facsimile.

     12.  Successors and Assigns.  The Company may assign any of its rights
          ----------------------
under this Agreement. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer set forth herein, this Agreement shall be binding upon
Optionee and Optionee's heirs, executors, administrators, legal representatives,
successors and assigns.

     13.  Governing Law.  This Agreement shall be governed by and construed in
          -------------
accordance with the internal laws of the State of California, without regard to
that body of law pertaining to choice of law or conflict of law.

     14.  Acceptance. Optionee hereby acknowledges receipt of a copy of the
          ----------
Plan and this Agreement. Optionee has read and understands the terms and
provisions thereof, and accepts this Option subject to all the terms and
conditions of the Plan and this Agreement. Optionee acknowledges that there may
be adverse tax consequences upon exercise of this Option or disposition of the
Shares and that the Company has advised Optionee to consult a tax advisor prior
to such exercise or disposition.

                                      -5-
<PAGE>

                                   EXHIBIT A
                                   ---------

                       STOCK OPTION EXERCISE AGREEMENT

                                      -6-
<PAGE>

                                   Exhibit A
                                   ---------

                                 NETOPIA, INC.
                     2000 STOCK INCENTIVE PLAN (the "Plan")
                        STOCK OPTION EXERCISE AGREEMENT
                        -------------------------------

      I hereby elect to purchase the number of shares of Common Stock of
Netopia, Inc. (the "Company") as set forth below:

<TABLE>
<CAPTION>
<S>                                                      <C>
Optionee ____________________________________            Number of Shares Purchased:_________________________
Social Security Number:______________________            Purchase Price per Share:___________________________
Address:_____________________________________            Aggregate Purchase Price:___________________________
        _____________________________________            Date of Option Agreement:___________________________
        _____________________________________
Type of Option:    Nonqualified Stock Option             Exact Name of Title to Shares:______________________
                                                         ____________________________________________________
</TABLE>

1.  Delivery of Purchase Price. Optionee hereby delivers to the Company the
Aggregate Purchase Price, to the extent permitted in the Option Agreement (the
"Option Agreement") as follows (check as applicable and complete):

[_] in cash (by check) in the amount of $_____________________, receipt of which
    is acknowledged by the Company;

[_] by delivery of ______________________________ fully-paid, nonassessable and
    vested shares of the Common Stock of the Company owned by Optionee for at
    least six (6) months prior to the date hereof (and which have been paid for
    within the meaning of SEC Rule 144), or obtained by Optionee in the open
    public market, and owned free and clear of all liens, claims, encumbrances
    or security interests, valued at the current Fair Market Value of
    $____________________ per share;

[_] through a "same-day-sale" commitment, delivered herewith, from Optionee and
    the NASD Dealer named therein, in the amount of $____________________; or

[_] through a "margin" commitment, delivered herewith from Optionee and the NASD
    Dealer named therein, in the amount of $____________________________.

2.  Tax Consequences. OPTIONEE UNDERSTANDS THAT OPTIONEE MAY SUFFER ADVERSE TAX
CONSEQUENCES AS A RESULT OF OPTIONEE'S PURCHASE OR DISPOSITION OF THE SHARES.
OPTIONEE REPRESENTS THAT OPTIONEE HAS CONSULTED WITH ANY TAX CONSULTANT(S)
OPTIONEE DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE
SHARES AND THAT OPTIONEE IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE.

3.  Entire Agreement. The Plan and Option Agreement are incorporated herein by
reference. This Exercise Agreement, the Plan and the Option Agreement constitute
the entire agreement and understanding of the parties and supersede in their
entirety all prior understandings and agreements of the Company and Optionee
with respect to the subject matter hereof, and are governed by California law
except for that body of law pertaining to choice of law or conflict of law.

Date:___________________________________   ____________________________________
                                           Signature of Optionee

                                      -7-<PAGE>

                                 Exhibit 10.1

<TABLE>
<CAPTION>
GreenPoint Mortgage                                         SERVICING CERTIFICATE

=============================================================================================================================
<S>                                  <C>                          <C>          <C>                        <C>
Revolving Home Equity Loan           LIBOR:                       6.62000%     Current Collection         10/01/00-10/31/00
                                                                               Period:
Asset-Backed Notes                   Margin A-1:                  0.30000%     P&S Agreement Date:             12/1/99
Series 1999-2                        Class A-1  Note Rate:        6.92000%     Original Closing Date:         12/22/99
                                     Class A-2  Note Rate:        7.00000%     Distribution Date:             11/15/00
                                     Margin A-2:                  0.38000%     Record Date:                   11/14/00
                                     Interest Period 10/16/00        30        Pool Factor:                  78.3300819%
                                     thru 11/14/00:
                                     Servicing Fee Rate:          0.50000%     Initial Class A-1 O/C            22.71
                                                                               Amt:
                                     Class A-1 Premium Fee        0.18000%     Initial Class A-2 O/C           565.15
                                     Rate:                                     Amt:
                                     Class A-2 Premium Fee        0.18000%
                                     Rate:

                                                                               Class A-1 O/C Amt as of      5,408,774.99
                                                                               Pmt Date:
                                     Trustee Fee:                 0.00900%     Class A-2 O/C Amt as of      1,438,840.14
                                                                               Pmt Date:
                                     Class A-1 Act Weighted       12.55068%    Class A-1 Pool Factor:        81.9245357%
                                     Avg Ln Rate:
                                     Class A-2 Act Weighted       12.40299%    Class A-2 Pool Factor:        65.0645086%
                                     Avg Ln Rate:

                                     Total Management Fee           500.00
        =====================================================================================================================

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

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

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

        Ending Class A-1 Pool Balance                                                                         163,748,421.40
        Ending Class A-2 Pool Balance                                                                          35,513,123.30

        Ending Class A-1 Note Balance -- CUSIP 395385AA5                                                      158,339,646.41
        Ending Class A-2 Note Balance -- CUSIP 395385AB3                                                       34,074,283.16

        Additional Balances  Class A-1                                                                          2,286,415.82
        Additional Balances  Class A-2                                                                            789,507.72

        Number of all Retransferred Mortgage Loans (Current Retransfer Date)                                               0
        Retransferred Mortgage Loan Trust Balances (Current Retransfer Date)                                            0.00
        Cumulative Number of all Retransferred Mortgage Loans (From Previous Distributions)                                0
        Cumulative Retransferred Mortgage Loan Trust Balances (From Previous Distributions)                             0.00
        Number of all Subsequent  Class A-1 HELOC Mortgage Loans (Current Date)                                            0
        Subsequent Class A-1 HELOC Mortgage Loan Asset Balance (Current Date)                                           0.00
        Number of all Subsequent Class A-2 Heloc Loans (Current Date)                                                      0
        Subsequent Class A-2 HELOC Loan Asset Balance (Current Date)                                                    0.00
        Number of all Subsequent HLTV Mortgage Loans (Current Date)                                                        0
        Subsequent HLTV Mortgage Loan Asset Balance (Current Date)                                                      0.00
        Cumulative Number of ALL Subsequent Mortgage Loans                                                                 0
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                   <C>
        Cumulative Subsequent Mortgage Loan Asset Balance                                                               0.00
        Class A-1 Cumulative Excess of Draws Over Principal Paydown                                                     0.00
        Class A-1 Cumulative Excess of Draws Over Principal Paydown Recoup this Distribution                            0.00
        Beginning Loan Count                                                                                           4,709
        Ending Loan Count                                                                                              4,550

COLLECTION AMOUNTS Class A-1
   1    Aggregate of All Mortgage Collections (Gross)                                                          10,197,492.81
   2    Total Mortgage Interest Collections (Gross)                                                             1,784,966.12
        Servicing Fees (current collection period)                                                                 70,781.06
        Deferred Interest Transfer  (DI)                                                                                0.00
     3a      Mortgage Principal Collections                                                                     8,412,526.69
     3b      Pre-Funded Balance                                                                                         0.00
     3c      Net Liquidation Proceeds                                                                                   0.00
   3    Total Mortgage Principal Collections                                                                    8,412,526.69
        Aggregate of Transfer Deposits                                                                                  0.00
        Investor Loss Amount                                                                                            0.00
        Aggregate Investor Loss Reduction Amount                                                                   26,771.07

COLLECTION AMOUNTS Class A-2
   1    Aggregate of All Mortgage Collections (Gross)                                                           2,702,317.50
   2    Total Mortgage Interest Collections (Gross)                                                               384,846.52
        Servicing Fees (current collection period)                                                                 15,433.79
        Deferred Interest Transfer  (DI)                                                                                0.00
     3a      Mortgage Principal Collections                                                                     2,317,470.98
     3b      Pre-Funded Balance                                                                                         0.00
     3c      Net Liquidation Proceeds                                                                                   0.00
   3    Total Mortgage Principal Collections                                                                    2,317,470.98
        Aggregate of Transfer Deposits                                                                                  0.00
        Investor Loss Amount                                                                                            0.00
        Aggregate Investor Loss Reduction Amount                                                                        0.00

TOTAL COLLECTION AMOUNT
   1    Aggregate of All Mortgage Collections (Gross)                                                          12,899,810.31
   2    Total Mortgage Interest Collections (Gross)                                                             2,169,812.64
        Servicing Fees (current collection period)                                                                 86,214.84
        Deferred Interest Transfer  (DI)                                                                                0.00
     3a      Mortgage Principal Collections                                                                    10,729,997.67
     3b      Insurance Proceeds                                                                                         0.00
     3c      Net Liquidation Proceeds                                                                                   0.00
   3    Total Mortgage Principal Collections                                                                   10,729,997.67
        Aggregate of Transfer Deposits                                                                                  0.00
        Investor Loss Amount                                                                                            0.00
        Aggregate Investor Loss Reduction Amount                                                                   26,771.07

        Class A-1 Net Interest Collection                                                                       1,714,185.06
        Class A-2 Net Interest Collection                                                                         369,412.73

DISTRIBUTION AMOUNTS Class A-1
        Class A-1 Note    Interest 8.6 (d)(iv)                                                                    948,419.20
        Class A-1 Note    Unpaid Interest Shortfall (current cycle)                                                     0.00
        Class A-1 Note    Reserve Fund Amount                                                                     739,469.11
        Investor Loss Amount                                                                                            0.00
        Previous Investor Loss Amount                                                                                   0.00
        Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                24,669.86
        Credit Enhancer Reimbursement                                                                                   0.00
</TABLE>
<PAGE>

<TABLE>
        <S>                                                                                                     <C>
        Accelerated Principal Distribution Amount                                                                       0.00
        Spread Account Deposit                                                                                          0.00
        Indenture  Trustee Fee 8.6 (d)(i)                                                                           1,233.49
        Management Fee 8.6 (d)(iii)                                                                                   393.40
        Payment to Servicer                                                                                             0.00
        Deferred Interest                                                                                               0.00
        Remaining Amount to Transferor                                                                                  0.00
        Total Certificateholders Distribution Allocable to Interest                                             1,714,185.07

        Maximum Principal Payment                                                                               6,126,110.87
        Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the HELOC Pool O/C                   0.00
        Redctin Amt) 8.6(d)(v)
        Accelerated Principal Distribution Amount                                                                       0.00
        Loan Loss                                                                                                       0.00
        Class A-1 Overcollateralization Deficit 8.6 (d)(vi)                                                             0.00
        Total Certificateholders Distribution Allocable to Principal                                            6,126,110.87

DISTRIBUTION AMOUNTS Class A-2
        Class A-2 Note    Interest 8.6 (d)(iv)                                                                    208,536.54
        Class A-2 Note    Unpaid Interest Shortfall (current cycle)                                                    0.00
        Class A-2 Note    Reserve Fund Amount                                                                       8,264.83
        Investor Loss Amount                                                                                            0.00
        Previous Investor Loss Amount                                                                                   0.00
        Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                 5,362.37
        Credit Enhancer Reimbursement                                                                                   0.00
        Accelerated Principal Distribution Amount                                                                 146,874.28
        Spread Account Deposit                                                                                          0.00
        Indenture  Trustee Fee 8.6 (d)(i)                                                                             268.12
        Management Fee 8.6 (d)(iii)                                                                                   106.60
        Payment to Servicer                                                                                             0.00
        Deferred Interest                                                                                               0.00
        Remaining Amount to Transferor                                                                                  0.00
        Total Certificateholders Distribution Allocable to Interest                                               369,412.73

        Maximum Principal Payment                                                                               1,527,963.26
        Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the Second Pool O/C                  0.00
        Redctin Amt) 8.6(d)(v)
        Accelerated Principal Distribution Amount                                                                 146,874.28
        Loan Loss                                                                                                       0.00
        Class A-2 Overcollateralization Deficit 8.6 (d)(vi)                                                             0.00
        Total Certificateholders Distribution Allocable to                                                      1,674,837.54
        Principal

TOTAL DISTRIBUTION AMOUNT
        Class A Note    Interest 8.6 (d)(iv)                                                                    1,156,955.74
        Class A Note    Unpaid Interest Shortfall (current cycle) 5.01(i)                                               0.00
        Class A Note    Reserve Fund Amount                                                                       747,733.94
        Investor Loss Amount  5.01(iii)                                                                                 0.00
        Previous Investor Loss Amount 5.01(iv)                                                                          0.00
        Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                30,032.23
        Credit Enhancer Reimbursement 5.01(vi)                                                                          0.00
        Accelerated Principal Distribution Amount 5.01(vii)                                                       146,874.28
        Spread Account Deposit 5.01(viii)                                                                               0.00
        Indenture  Trustee Fee 8.6 (d)(i)                                                                           1,501.61
        Management Fee 8.6 (d)(iii)                                                                                   500.00
        Payment to Servicer per Section 7.03 5.01 (x)                                                                   0.00
        Deferred Interest 5.01 (xi)                                                                                     0.00
        Remaining Amount to Transferor 5.01 (xii)                                                                       0.00
        Total Certificateholders Distribution Allocable to Interest                                             2,083,597.80

</TABLE>
<PAGE>

<TABLE>
        <S>                                                                                                     <C>
        Maximum Principal Payment                                                                               7,654,074.13
        Scheduled Principal Collection Payment                                                                          0.00
        Accelerated Principal Distribution Amount                                                                 146,874.28
        Loan Loss                                                                                                       0.00
        Overcollateralization Deficit 8.6 (d)(vi)                                                                       0.00
        Total Certificateholders Distribution Allocable to Principal                                            7,800,948.41

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

DISTRIBUTION TO CERTIFICATEHOLDERS  (PER CERTIFICATE WITH A $1,000 DENOMINATION)
Class A-1
        Total Class A-1 Note Distribution Amount Allocable to Interest                                             4.9070971
        Interest Distribution Amount                                                                               4.9070971
        Unpaid Note Interest Shortfall Included in Current Distribution                                            0.0000000
        Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                            0.0000000

        Total Class A-1 Note Distribution Amount Allocable to Principal                                           31.6963439
        Maximum Principal Payment                                                                                 31.6963439
        Scheduled Principal Collections Payment                                                                    0.0000000
        Loan Loss                                                                                                  0.0000000
        Accelerated Principal Distribution Amount                                                                  0.0000000

Class A-2
        Total Class A-2 Note Distribution Amount Allocable to Interest                                             3.9819847
        Interest Distribution Amount                                                                               3.9819847
        Unpaid Note Interest Shortfall Included in Current Distribution                                            0.0000000
        Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                            0.0000000

        Total Class A-2 Note Distribution Amount Allocable to Principal                                           31.9808581
        Maximum Principal Payment                                                                                 29.1763082
        Scheduled Principal Collections Payment                                                                    0.0000000
        Loan Loss                                                                                                  0.0000000
        Accelerated Principal Distribution Amount                                                                  2.8045499

        Total Interest Amount Distributed to Class A Certificateholder                                             8.8890818
        Total Principal Amount Distributed to Class A Certificateholder                                           63.6772020

        Credit Enhancement Draw Amount                                                                                  0.00

DELINQUENCIES/FORECLOSURES

Class A-1
        Number of Mortgages 30 to 59 Days Delinquent                                                                      60
        Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                      2,728,775.95
        Number of Mortgages 60 to 89 Days Delinquent                                                                      11
        Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                        451,907.34
        Number of Mortgages 90 to 179 Days Delinquent                                                                      5
        Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                       228,277.00
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                         <C>
        Number of Mortgages 180 or more Days Delinquent                                                                    6
        Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                     318,471.25
        Number of Mortgage Loans in Foreclosure                                                                           14
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                             677,576.12
        Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                0.00
        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

Class A-2
        Number of Mortgages 30 to 59 Days Delinquent                                                                       8
        Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                        897,999.76
        Number of Mortgages 60 to 89 Days Delinquent                                                                       2
        Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                        438,287.46
        Number of Mortgages 90 to 179 Days Delinquent                                                                      0
        Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                             0.00
        Number of Mortgages 180 or more Days Delinquent                                                                    1
        Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                     196,058.94
        Number of Mortgage Loans in Foreclosure                                                                            0
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                   0.00
        Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                0.00
        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

TOTAL DELINQUENCIES/FORECLOSURES

        Number of Mortgages 30 to 59 Days Delinquent                                                                      68
        Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                      3,626,775.71
        Number of Mortgages 60 to 89 Days Delinquent                                                                      13
        Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                        890,194.80
        Number of Mortgages 90 to 179 Days Delinquent                                                                      5
        Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                       228,277.00
        Number of Mortgages 180 or more Days Delinquent                                                                    7
        Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                     514,530.19
        Number of Mortgage Loans in Foreclosure                                                                           14
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                             677,576.12
        Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                0.00
        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

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

RESERVE FUND ACTIVITY

        Reserve Fund  Beginning Balance                                                                           306,930.36
        Reserve Fund  Deposit                                                                                     747,733.94
        Reserve Bal Subtotal                                                                                    1,054,664.30
        Reserve Fund Reduction Amt                                                                            (1,054,664.30)
        Reserve Fund Balance                                                                                            0.00

PRE-FUNDED ACCOUNT ACTIVITY

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

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

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

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

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
GREENPOINT MORTGAGE                                          STATEMENT TO NOTEHOLDERS
=============================================================================================================================
<S>                                      <C>                  <C>           <C>                           <C>
Revolving Home Equity Loan                LIBOR:               6.62000%     Current Collection Period:    10/01/00-10/31/00
Asset-Backed Notes                        Margin:              0.30000%     P&S Agreement Date:                12/1/99
Series 1999-2                             Class A-1  Note      6.92000%     Original Closing Date:            12/22/99
                                          Rate:
                                          Class A-2  Note      7.00000%     Distribution Date:                11/15/00
                                          Rate:
                                                                            Record Date:                      11/14/00
                                          Interest Period         30        Pool Factor:                     78.3300819%
                                           10/16/00 thru
                                             11/14/00:

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

                BALANCES
          Beginning HELOC Pool Balance                                                                        169,874,532.27
          Beginning Second Lien Pool Balance                                                                   37,041,086.56

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

          Ending Class A-1 Pool Balance                                                                       163,748,421.40
          Ending Class A-2 Pool Balance                                                                        35,513,123.30

          Ending Class A-1 Note Balance -- CUSIP                                                              158,339,646.41
          Ending Class A-2 Note Balance -- CUSIP                                                               34,074,283.16

          Additional Balances  Class A-1                                                                        2,286,415.82
          Additional Balances  Class A-2                                                                          789,507.72

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

          Beginning Loan Count                                                                                         4,709
          Ending Loan Count                                                                                            4,550

COLLECTION AMOUNTS Class A-1
          Aggregate of All Mortgage Collections                                                                10,126,711.75
          Total Mortgage Interest Collections                                                                   1,784,966.12
          Servicing Fees (current collection period)                                                             (70,781.06)
               Mortgage Principal Collections                                                                   8,412,526.69
               Pre-Funded Balance                                                                                       0.00
                                                                                                                        0.00
          Total Mortgage Principal Collections                                                                  8,412,526.69
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                        <C>
COLLECTION AMOUNTS Class A-2
          Aggregate of All Mortgage Collections                                                                 2,686,883.71
          Total Mortgage Interest Collections                                                                     384,846.52
          Servicing Fees (current collection period)                                                             (15,433.79)
               Mortgage Principal Collections                                                                   2,317,470.98
               Pre-Funded Balance                                                                                       0.00
                                                                                                                        0.00
          Total Mortgage Principal Collections                                                                  2,317,470.98

TOTAL COLLECTION AMOUNT
          Aggregate of All Mortgage Collections                                                                12,899,810.31
          Total Mortgage Interest Collections                                                                   2,169,812.64
               Mortgage Principal Collections                                                                  10,729,997.67
               Pre-Funded Balance                                                                                       0.00

          Total Mortgage Principal Collections                                                                 10,729,997.67

DISTRIBUTION AMOUNTS Class A-1
          Class A-1 Note    Interest                                                                              948,419.20
          Class A-1 Note    Unpaid Interest Shortfall (current cycle)                                                   0.00
          Class A-1 Note    Reserve Fund Amount                                                                   739,469.11

          Maximum Principal Payment                                                                             6,126,110.87
          Scheduled Principal Collection                                                                                0.00
          Accelerated Principal Distribution Amount                                                                     0.00
          Loan Loss                                                                                                     0.00
          Class A-1 Overcollateralization Deficit                                                                       0.00
          Total Certificateholders Distribution Allocable to Principal                                          6,126,110.87

DISTRIBUTION AMOUNTS Class A-2
          Class A-2 Note    Interest                                                                              208,536.54
          Class A-2 Note    Unpaid Interest Shortfall (current cycle)                                                   0.00
          Class A-2 Note    Reserve Fund Amount                                                                     8,264.83

          Maximum Principal Payment                                                                             1,527,963.26
          Scheduled Principal Collection                                                                                0.00
          Accelerated Principal Distribution Amount                                                               146,874.28
          Loan Loss                                                                                                     0.00
          Class A-2 Overcollateralization Deficit                                                                       0.00
          Total Certificateholders Distribution Allocable to Principal                                          1,674,837.54

TOTAL DISTRIBUTION AMOUNT
          Class A Note Interest                                                                                 1,156,955.74
          Class A Note Unpaid Interest Shortfall (current cycle)                                                        0.00
          Class A Note  Reserve Fund Amount                                                                       747,733.94

          Maximum Principal Payment                                                                             7,654,074.13
          Scheduled Principal Collection Payment                                                                        0.00
          Accelerated Principal Distribution Amount                                                               146,874.28
          Overcollateralization Deficit                                                                                 0.00
          Total Certificateholders Distribution Allocable to Principal                                          7,800,948.41

LOSSES/RETRANSFERS

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

<TABLE>
<S>                                                                                                        <C>
DISTRIBUTION TO CERTIFICATEHOLDERS  (PER CERTIFICATE WITH A $1,000 DENOMINATION)

Class A-1
          Total Class A-1 Note Distribution Amount Allocable to Interest                                           4.9070971
          Interest Distribution Amount                                                                             4.9070971
          Unpaid Note Interest Shortfall Included in Current Distribution                                          0.0000000
          Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                          0.0000000

          Total Class A-1 Note Distribution Amount Allocable to Principal                                         31.6963439
          Maximum Principal Payment                                                                               31.6963439
          Scheduled Principal Collections Payment                                                                  0.0000000
          Loan Loss                                                                                                0.0000000
          Accelerated Principal Distribution Amount                                                                0.0000000

Class A-2
          Total Class A-2 Note Distribution Amount Allocable to Interest                                           3.9819847
          Interest Distribution Amount                                                                             3.9819847
          Unpaid Note Interest Shortfall Included in Current Distribution                                          0.0000000
          Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                          0.0000000

          Total Class A-2 Note Distribution Amount Allocable to Principal                                         31.9808581
          Maximum Principal Payment                                                                               29.1763082
          Scheduled Principal Collections Payment                                                                  0.0000000
          Loan Loss                                                                                                0.0000000
          Accelerated Principal Distribution Amount                                                                2.8045499

          Total Interest Amount Distributed to Class A Certificateholder                                           8.8890818
          Total Principal Amount Distributed to Class A Certificateholder                                         63.6772020

          Credit Enhancement Draw Amount                                                                                0.00

DELINQUENCIES/FORECLOSURES
Class A-1
          Number of Mortgages 31 to 60 Days Delinquent                                                                    60
          Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent
                                                                                                                2,728,775.95
          Number of Mortgages 61 to 90 Days Delinquent                                                                    11
          Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                                      451,907.34
          Number of Mortgages 91 to 180 or more Days Delinquent                                                            5
          Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                             228,277.00
          Number of Mortgages 181 or more Days Delinquent                                                                  6
          Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                                   318,471.25
          Number of Mortgage Loans in Foreclosure                                                                         14
          Aggregate Principal Balances of Mortgage Loans in Foreclosure                                           677,576.12
          Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                              0.00
          Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                     0.00
          Aggregate Trust Balances of any Liquidated Loans in the Current Month                                         0.00

Class A-2
          Number of Mortgages 31 to 60 Days Delinquent                                                                     8
          Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                                      897,999.76
          Number of Mortgages 61 to 90 Days Delinquent                                                                     2
          Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                                      438,287.46
          Number of Mortgages 91 to 180 or more Days Delinquent                                                            0
          Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                                   0.00
          Number of Mortgages 181 or more Days Delinquent                                                                  1
          Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                                   196,058.94
          Number of Mortgage Loans in Foreclosure                                                                          0
          Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                 0.00
          Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                              0.00
</TABLE>
<PAGE>

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

TOTAL DELINQUENCIES/FORECLOSURES
        Number of Mortgages 31 to 60 Days Delinquent                                                                      68
        Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                                      3,626,775.71
        Number of Mortgages 61 to 90 Days Delinquent                                                                      13
        Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                                        890,194.80
        Number of Mortgages 91 to 180 or more Days Delinquent                                                              5
        Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                               228,277.00
        Number of Mortgages 181 or more Days Delinquent                                                                    7
        Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                                     514,530.19
        Number of Mortgage Loans in Foreclosure                                                                           14
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                             677,576.12
        Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                0.00
        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

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

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

RESERVE FUND ACTIVITY

        Reserve Fund  Beginning Balance                                                                           306,930.36
        Reserve Fund  Deposit                                                                                     747,733.94
        Reserve Bal Subtotal                                                                                    1,054,664.30
        Reserve Fund Reduction Amt                                                                             (1,054,664.30)
        Reserve Fund Balance                                                                                            0.00
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00018-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00018-of-00352.parquet"}]]