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>
<CAPTION>
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:           November 15, 2001
                                                                                     Record Date:                 November 14, 2001

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

<PAGE>

                    GreenPoint Home Equity Loan Trust 2000-3
                       Home Equity Loan Asset-Backed Notes
                                  Series 2000-3
          Certificate Payment Report for November 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  102,736,000.00   72,852,811.66  171,578.49   3,925,483.30   4,097,061.79         -           -     68,927,328.36
 A-2   FLT,STEP   98,584,000.00   69,523,283.35  163,736.99   3,865,502.34   4,029,239.33         -           -     65,657,781.00
 A-3   FLT,STEP   97,966,000.00   68,609,705.09  162,176.19   5,903,872.63   6,066,048.82         -           -     62,705,832.46
  S                           -               -  366,894.45              -     366,894.45         -           -                 -
  R                           -               -           -              -              -         -           -                 -
----------------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------------
Total            299,286,000.00  210,985,800.09  864,386.12  13,694,858.27  14,559,244.39         -           -    197,290,941.82
----------------------------------------------------------------------------------------------------------------------------------
</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    10/15/01 11/14/01 A-Act/360   395385AF4   102,736,000.00   709.126418     1.670091   38.209423     39.879514     670.916995
 A-2    10/15/01 11/14/01 A-Act/360   395385AG2    98,584,000.00   705.218731     1.660888   39.210240     40.871129     666.008490
 A-3    10/15/01 11/14/01 A-Act/360   395385AH0    97,966,000.00   700.342007     1.655433   60.264506     61.919940     640.077501
  S                               -                            -            -            -           -             -              -
  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   102,736,000.00  4,087,212.69  32,191,908.25  1,616,763.39 33,808,671.64    37,895,884.33         -         -    68,927,328.36
 A-2    98,584,000.00  3,903,907.58  31,300,033.95  1,626,185.05 32,926,219.00    36,830,126.58         -         -    65,657,781.00
 A-3    97,966,000.00  3,801,797.60  33,871,423.27  1,388,744.27 35,260,167.54    39,061,965.14         -         -    62,705,832.46
  S                 -    764,725.77              -             -             -       764,725.77         -         -                -
  R                 -             -              -             -             -                -         -         -                -

------------------------------------------------------------------------------------------------------------------------------------
Total  299,286,000.00 12,557,643.64  97,363,365.47  4,631,692.71 101,995,058.18  114,552,701.82         -         -   197,290,941.82
------------------------------------------------------------------------------------------------------------------------------------
</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     2.73500%  72,852,811.66      171,578.49               -             -            -   171,578.49    171,578.49          -
  A-2     2.73500%  69,523,283.35      163,736.99               -             -            -   163,736.99    163,736.99          -
  A-3     2.74500%  68,609,705.09      162,176.19               -             -            -   162,176.19    162,176.19          -
   S                            -               -               -             -            -            -    366,894.45          -
   R                            -               -               -             -            -            -             -          -
----------------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------------
 Total             210,985,800.09      497,491.67               -             -            -   497,491.67    864,386.12          -
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

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

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

<TABLE>
<CAPTION>
SUMMARY                                                          POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>             <C>             <C>             <C>
    Net Principal Collections                                  5,621,076.97    3,592,557.16    3,626,641.28    12,840,275.41

    TOTAL PRINCIPAL                                            5,621,076.97    3,592,557.16    3,626,641.28    12,840,275.41

    Interest Collections                                         575,629.79      565,696.47      608,877.68     1,750,203.94
    Interest Fees                                                 (9,459.80)      (9,888.96)     (10,382.02)      (29,730.78)

    TOTAL INTEREST                                               566,169.99      555,807.51      598,495.66     1,720,473.16

    TOTAL AVAILABLE FUNDS                                      6,187,246.96    4,148,364.67    4,225,136.94    14,560,748.57

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

<CAPTION>
PRINCIPAL - COLLECTIONS                                          POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>             <C>             <C>             <C>
    Principal Collections                                      6,559,508.94    4,612,471.25    4,351,447.73    15,523,427.92
    Repurchases/Substitutions                                          0.00            0.00            0.00             0.00
    Liquidations                                                       0.00       57,974.10      363,169.97       421,144.07
    Insurance Principal                                                0.00            0.00            0.00             0.00
    Liquidation Loss Amounts                                           0.00      (36,200.00)    (119,233.66)     (155,433.66)
    Additional Balances                                         (938,431.97)  (1,041,688.19)    (968,742.76)   (2,948,862.92)
    Draw Amount on Demand Note                                         0.00            0.00            0.00             0.00

    TOTAL PRINCIPAL COLLECTED                                  5,621,076.97    3,592,557.16    3,626,641.28    12,840,275.41

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

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

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

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

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

<CAPTION>
INTEREST - COLLECTIONS                                           POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>             <C>             <C>            <C>
    Interest Collections                                         604,453.54      594,687.25      636,621.44     1,835,762.23
    Repurchases/Substitutions                                          0.00            0.00            0.00             0.00
    Liquidations                                                       0.00          381.36        3,122.19         3,503.55
    Insurance Interest                                                 0.00            0.00            0.00             0.00
    Other Additional Interest                                          0.00            0.00            0.00             0.00
    Current Servicing Fee                                        (28,823.75)     (29,372.14)     (30,865.95)      (89,061.84)

    TOTAL INTEREST                                               575,629.79      565,696.47      608,877.68     1,750,203.94

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

<PAGE>

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

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

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

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

<CAPTION>
INTEREST - FEES                                                   POOL III         POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                               <C>             <C>            <C>              <C>
    Trustee Fee                                                     576.47          587.44          617.32         1,781.23
    Certificate Insurer Premium                                   8,883.33        9,301.52        9,764.70        27,949.55
    Management Fee                                                    0.00            0.00            0.00             0.00

    TOTAL INTEREST  FEES                                          9,459.80        9,888.96       10,382.02        29,730.78

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

<PAGE>

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

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

<TABLE>
<CAPTION>
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

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

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

    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            0.00            0.00             0.00

    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

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

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

    Pool Delinquency Rate                                            1.8717%         1.9190%         1.0568%
    Rolling Six-month Pool Delinquency Rate                          2.0059%         1.7343%         1.2685%

    Prior Overcollateralization Amount                                 0.00            0.00            0.00             0.00
    Specified Overcollateralization Amount                     2,161,032.93    2,174,666.96    2,852,655.30     7,188,355.19
    Overcollateralization Amount                                 567,287.97      933,657.18    1,106,227.65     2,607,172.80
    Overcollateralization Deficiency Amount                    1,593,744.96    1,241,009.78    1,746,427.65     4,581,182.39

    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                        282,795.66      272,945.18      298,842.02       854,582.86
    Cumulative Accelerated Principal Payment                   1,213,604.95    1,261,150.29    1,524,303.33     3,999,058.58

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

<PAGE>

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

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

<TABLE>
<CAPTION>
COLLATERAL                                                       POOL III           POOL II            POOL I            TOTAL
-------------------------------------------------------------------------------------------------------------------------------
    <S>                                                     <C>               <C>              <C>              <C>
      Loan Count:
    Original                                                          583              2188              2664             5435
    Prior                                                             400             1,551             1,888            3,839
    Prefunding                                                          -                 -                 -                -
    Scheduled Paid Offs                                                 -                 -                 -                -
    Full Voluntary Prepayments                                        (29)              (87)              (92)            (208)
    Repurchases                                                         -                 -                 -                -
    Liquidations                                                        -                (2)               (4)              (6)
    ---------------------------------------------------------------------------------------------------------------------------
    Current                                                           371             1,462             1,792            3,625

    Principal Balance:
    Original                                                96,045,908.07     96,651,865.01    100,721,912.99   293,419,686.07
    Prior                                                   69,176,993.06     70,493,140.53     74,078,272.97   213,748,406.56
    Prefunding                                                          -                 -                 -                -
    Scheduled Principal                                       (121,289.92)      (143,318.61)      (141,583.90)     (406,192.43)
    Partial and Full Voluntary Prepayments                  (6,438,219.02)    (4,469,152.64)    (4,209,863.83)  (15,117,235.49)
    Repurchases                                                         -                 -                 -                -
    Liquidations                                                        -        (57,974.10)      (363,169.97)     (421,144.07)
    ---------------------------------------------------------------------------------------------------------------------------
    Current                                                 63,555,916.09     66,864,383.37     70,332,398.03   200,752,697.49
-------------------------------------------------------------------------------------------------------------------------------

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

<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                                9.957929%         9.855330%         9.982959%        9.932795%
    Weighted Average Coupon Current                              9.750371%         9.658220%         9.778613%        9.729768%
    ---------------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                      194               199               197              197
    Weighted Average Months to Maturity Prior                         186               191               187              188
    Weighted Average Months to Maturity Current                       185               191               186              187
    ---------------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                 200               214               208              207
    Weighted Avg Remaining Amortization Term Prior                    195               205               199              200
    Weighted Avg Remaining Amortization Term Current                  193               204               198              198
    ---------------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                              2.84              2.88              3.04             2.93
    Weighted Average Seasoning Prior                                 9.88              9.99             10.17            10.01
    Weighted Average Seasoning Current                              10.87             10.97             11.18            11.01

-------------------------------------------------------------------------------------------------------------------------------
</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                                      2.984%            2.368%            2.517%
    Weighted Average Margin Current                                    2.961%            2.359%            2.506%
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                                17.703%           17.039%           17.227%
    Weighted Average Max Rate Prior                                   17.666%           17.205%           17.275%
    Weighted Average Max Rate Current                                 17.651%           17.204%           17.281%
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                                 6.606%            7.182%            7.837%
    Weighted Average Min Rate Prior                                    6.609%            7.070%            7.795%
    Weighted Average Min Rate Current                                  6.590%            7.085%            7.786%
    -------------------------------------------------------------------------------------------------------------------------------
    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 III           POOL II            POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------

    TOTAL SERVICING FEE                                            28,823.75         29,372.14         30,865.95        89,061.84

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

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

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

<PAGE>

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

                                                        CURRENT      1 PAYMENT       2 PAYMTS      3+ PAYMTS          TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                              <C>          <C>             <C>             <C>             <C>
DELINQUENT           Balance                                      6,326,536.00    1,534,726.05      402,490.74     8,263,752.79
                     % Balance                                            3.15%           0.76%           0.20%            4.12%
                     # Loans                                               100              21               8              129
                     % # Loans                                            2.76%           0.58%           0.22%            3.56%
---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                 -       45,891.02               -    1,014,722.67     1,060,613.69
                     % Balance                            0.00%           0.02%           0.00%           0.51%            0.53%
                     # Loans                                 -               1               -              14               15
                     % # Loans                            0.00%           0.03%           0.00%           0.39%            0.41%
---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                          27,508.78               -       18,507.61      288,576.18       334,592.57
                     % Balance                            0.01%           0.00%           0.01%           0.14%            0.17%
                     # Loans                                 1               -               1               5                7
                     % # Loans                            0.03%           0.00%           0.03%           0.14%            0.19%
---------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                 -               -               -       37,729.48        37,729.48
                     % Balance                            0.00%           0.00%           0.00%           0.02%            0.02%
                     # Loans                                  -               -               -               1                1
                     % # Loans                            0.00%           0.00%           0.00%           0.03%            0.03%
---------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                         27,508.78    6,372,427.02    1,553,233.66    1,743,519.07     9,696,688.53
                     % Balance                            0.01%           3.17%           0.77%           0.87%            4.83%
                     # Loans                                 1             101              22              28              152
                     % # Loans                            0.03%           2.79%           0.61%           0.77%            4.19%
---------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

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

                                                        CURRENT      1 PAYMENT       2 PAYMTS      3+ PAYMTS          TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                              <C>          <C>             <C>             <C>             <C>
DELINQUENT           Balance                                      2,335,300.82      381,377.98       52,079.48     2,768,758.28
                     % Balance                                            3.32%           0.54%           0.07%            3.94%
                     # Loans                                                51               9               2               62
                     % # Loans                                            2.85%           0.50%           0.11%            3.46%
---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                 -               -               -      316,935.25       316,935.25
                     % Balance                            0.00%           0.00%           0.00%           0.45%            0.45%
                     # Loans                                 -               -               -               7                7
                     % # Loans                            0.00%           0.00%           0.00%           0.39%            0.39%
---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                                 -               -               -      119,492.48       119,492.48
                     % Balance                            0.00%           0.00%           0.00%           0.17%            0.17%
                     # Loans                                 -               -               -               2                2
                     % # Loans                            0.00%           0.00%           0.00%           0.11%            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                                 -    2,335,300.82      381,377.98      488,507.21     3,205,186.01
                     % Balance                            0.00%           3.32%           0.54%           0.69%            4.56%
                     # Loans                                 -              51               9              11               71
                     % # Loans                            0.00%           2.85%           0.50%           0.61%            3.96%
---------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

<PAGE>

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

                                                    CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>          <C>               <C>             <C>            <C>
DELINQUENT   Balance                                           2,190,465.14      449,474.08      213,155.03     2,853,094.25
             % Balance                                                3.28%           0.67%           0.32%            4.27%
             # Loans                                                    42              10               5               57
             % # Loans                                                2.87%           0.68%           0.34%            3.90%
-----------------------------------------------------------------------------------------------------------------------------
FORECLOSURE  Balance                                      -       45,891.02               -      349,317.66       395,208.68
             % Balance                                0.00%           0.07%           0.00%           0.52%            0.59%
             # Loans                                      -               1               -               5                6
             % # Loans                                0.00%           0.07%           0.00%           0.34%            0.41%
-----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY   Balance                              27,508.78               -       18,507.61      169,083.70       215,100.09
             % Balance                                0.04%           0.00%           0.03%           0.25%            0.32%
             # Loans                                     1               -               1               3                5
             % # Loans                                0.07%           0.00%           0.07%           0.21%            0.34%
-----------------------------------------------------------------------------------------------------------------------------
REO          Balance                                     -               -               -       37,729.48        37,729.48
             % Balance                                0.00%           0.00%           0.00%           0.06%            0.06%
             # Loans                                     -               -               -               1                1
             % # Loans                                0.00%           0.00%           0.00%           0.07%            0.07%
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
TOTAL        Balance                              27,508.78    2,236,356.16      467,981.69      769,285.87     3,501,132.50
             % Balance                                0.04%           3.34%           0.70%           1.15%            5.24%
             # Loans                                     1              43              11              14               69
             % # Loans                                0.07%           2.94%           0.75%           0.96%            4.72%
-----------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

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

                                                    CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                 <C>       <C>               <C>             <C>            <C>
DELINQUENT   Balance                                          1,800,770.04      703,873.99      137,256.23     2,641,900.26
             % Balance                                                2.83%           1.11%           0.22%            4.16%
             # Loans                                                     7               2               1               10
             % # Loans                                                1.89%           0.54%           0.27%            2.70%
-----------------------------------------------------------------------------------------------------------------------------
FORECLOSURE  Balance                                     -               -               -      348,469.76       348,469.76
             % Balance                                0.00%           0.00%           0.00%           0.55%            0.55%
             # Loans                                     -               -               -               2                2
             % # Loans                                0.00%           0.00%           0.00%           0.54%            0.54%
-----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY   Balance                                     -               -               -               -                -
             % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
             # Loans                                     -               -               -               -                -
             % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------
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                                     -    1,800,770.04      703,873.99      485,725.99     2,990,370.02
             % Balance                                0.00%           2.83%           1.11%           0.76%            4.71%
             # Loans                                     -               7               2               3               12
             % # Loans                                0.00%           1.89%           0.54%           0.81%            3.23%
-----------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

<PAGE>

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

SUMMARY                                                 LOAN GROUP
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count =   0                                  Loan Group 1  =  Pool I Group;   REO Book Value  =  Not Available
Total Original Principal Balance =   000.00             Loan Group 2    =    Pool II Group;   REO Book Value  =  Not Available
Total Current Balance =   000.00                        Loan Group 3    =    Pool III Group;   REO Book Value  =  Not Available
REO Book Value =   Not Available

------------------------------------------------------------------------------------------------------------------------------------
</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                                   29              87              92              208
  Number of Repurchased Loans                                     -               -               -                -
  -------------------------------------------------------------------------------------------------------------------
  Total Number of Loans Prepaid in Full                          29              87              92              208

  Paid in Full Balance                                 5,230,402.42    3,911,764.72    3,381,254.37    12,523,421.51
  Repurchased Loans Balance                                       -               -               -                -
  Curtailments Amount                                  1,207,816.60      557,387.92      828,609.46     2,593,813.98
  -------------------------------------------------------------------------------------------------------------------
  Total Prepayment Amount                              6,438,219.02    4,469,152.64    4,209,863.83    15,117,235.49

  Cumulative
  Number of Paid in Full Loans                                  212             715             859            1,786
  Number of Repurchased Loans                                     -               -               -                -
  -------------------------------------------------------------------------------------------------------------------
  Total Number of Loans Prepaid in Full                         212             715             859            1,786

  Paid in Full Balance                                40,155,390.00   35,726,836.78   36,490,823.64   112,373,050.42
  Repurchased Loans Balance                                       -               -               -                -
  Curtailments Amount                                 13,979,119.37    8,896,018.55   11,420,396.36    34,295,534.28
  -------------------------------------------------------------------------------------------------------------------
  Total Prepayment Amount                             54,134,509.37   44,622,855.33   47,911,220.00   146,668,584.70

                                            SPACE INTENTIONALLY LEFT BLANK

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

<CAPTION>
VOLUNTARY PREPAYMENT RATES                                 POOL III         POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------
  <S>                                                 <C>             <C>             <C>              <C>
  SMM                                                          9.32%           6.35%           5.69%            7.09%
  3 Months Avg SMM                                             6.99%           5.82%           6.01%            6.26%
  12 Months Avg SMM
  Avg SMM Since Cut-off                                        5.93%           4.79%           4.89%            5.19%

  CPR                                                         69.10%          54.51%          50.51%           58.60%
  3 Months Avg CPR                                            58.09%          51.29%          52.45%           53.97%
  12 Months Avg CPR
  Avg CPR Since Cut-off                                       51.99%          44.54%          45.21%           47.27%

  PSA                                                       3179.43%        2484.66%        2259.67%         2661.41%
  3 Months Avg  PSA Approximation                           2941.95%        2568.16%        2579.29%         2694.82%
  12 Months Avg PSA Approximation
  Avg PSA Since Cut-off Approximation                       3892.22%        3317.04%        3282.71%         3495.02%

----------------------------------------------------------------------------------------------------------------------
</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 III         POOL II          POOL I          TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>              <C>              <C>             <C>
    Current
    Number of Loans Liquidated                                                     -               2               4              6
    Collateral Realized Loss/(Gain) Amount                                         -       36,200.00      119,233.66     155,433.66
    Net Liquidation Proceeds                                                       -       21,774.10      243,936.31     265,710.41

    Cumulative
    Number of Loans Liquidated                                                     -              13              12             25
    Collateral Realized Loss/(Gain) Amount                                462,593.66       74,974.15      119,233.66     656,801.47
    Net Liquidation Proceeds                                             (462,593.66)     516,971.08      635,862.85     690,240.27

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

    Cumulative Losses as % of Original Balance                                0.4816%         0.0776%         0.1184%        0.2238%

    Cumulative Losses as % of Current Balance                                 0.7279%         0.1121%         0.1695%        0.3272%

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

<CAPTION>
DEFAULT SPEEDS                                                              POOL III         POOL II          POOL I          TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>              <C>              <C>             <C>
    MDR                                                                         0.00%           0.08%           0.49%          0.20%
    3 Months Avg MDR                                                            0.00%           0.19%           0.29%          0.16%
    12 Months Avg MDR
    Avg MDR Since Cut-off                                                       0.00%           0.07%           0.09%          0.05%

    CDR                                                                         0.00%           0.98%           5.73%          2.34%
    3 Months Avg CDR                                                            0.00%           2.24%           3.38%          1.92%
    12 Months Avg CDR
    Avg CDR Since Cut-off                                                       0.00%           0.82%           1.04%          0.64%

    SDA                                                                         0.00%           4.48%          25.62%         10.62%
    3 Months Avg SDA Approximation                                              0.00%          11.24%          16.62%          9.61%
    12 Months Avg SDA Approximation
    Avg SDA Since Cut-off Approximation                                         0.00%           6.11%           7.59%          4.70%

    Loss Severity Approximation for Current Period                                             62.44%          32.83%         36.91%
    3 Months Avg Loss Severity Approximation                                                   23.51%          10.94%         13.73%
    12 Months Avg Loss Severity Approximation
    Avg Loss Severity Approximation Since Cut-off                                              21.67%           6.57%         71.35%

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

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

** means less than

<PAGE>

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

<TABLE>
<CAPTION>
SUMMARY                                                                  LOAN GROUP
---------------------------------------------------------                ----------------------------------------------------------
<S>                                                                      <C>
Total Loan Count =   6                                                   Loan Group 1    =    Pool I Group
Total Original Principal Balance =   486,000.00                          Loan Group 2    =    Pool II Group
Total Prior Principal Balance =   421,144.07                             Loan Group 3    =    Pool III Group
Total Realized Loss Amount =   155,433.66
Total Net Liquidation Proceeds =   265,710.41
---------------------------------------------------------                ----------------------------------------------------------
</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>
100494277 1               20,000.00       19,012.71               -         9.500%   CA  -  90.00%          180        Mar-01-00
101520112 1              120,000.00      119,233.66               -        14.250%   CA  -  95.00%          180        Sep-05-00
101794287 1               88,000.00       40,642.63               -         7.500%   WA  -  79.64%          300        Nov-06-00
101915940 1              200,000.00      183,777.71               -         8.500%   CA  -  22.47%          180        Nov-03-00
101481810 2               36,200.00       36,200.00               -         5.875%   CA  -  94.99%          180        Aug-28-00
101593648 2               21,800.00       21,774.10               -        11.250%   CA  -  87.20%          180        Sep-19-00

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

<PAGE>

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

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

<TABLE>
<CAPTION>
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                                      1               5               2                8
Balance of Mort. Loans Delinq. 90 -119 days                            137,256.23      213,155.03       52,079.48       402,490.74
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                                     1               4               1                6
Balance of Mort. Loans Delinq. 150 -179 days                           293,343.63      259,931.56       70,971.07       624,246.26
Number of Mort. Loans Delinq. 180 days or more                                  -               2          92,776           92,778
Balance of Mort. Loans Delinq. 180 days or more                              0.00       76,486.40           13.00        76,499.40
Number of Mort. Loans Delinq. 180 days or more (including status)               3               9              13               25
Balance of Mort. Loans Delinq. 180 days or more (including status)     626,540.06      570,810.43      651,569.17     1,848,919.66

Management Fee Accrued and Unpaid                                        1,800.37        1,811.70        1,887.93         5,500.00

-----------------------------------------------------------------------------------------------------------------------------------
</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

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

ISSUANCE INFORMATION

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

    Underwriter(s):         Lehman Brothers Securities Corporation - Underwriter     Distribution Date:      November 15, 2001
                                                                                     Record Date:            November 14, 2001

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

<PAGE>

                    GreenPoint Home Equity Loan Trust 2001-1
                   Home Equity Loan Asset-Backed Certificates
                                  Series 2001-1

          Certificate Payment Report for November 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  164,604,811.07   389,084.62   9,603,864.02   9,992,948.64          -            -   155,000,947.05
A-2    FLT,STEP  106,801,000.00   91,223,011.15   216,413.92   5,324,462.48   5,540,876.40          -            -    85,898,548.67
 R        R                   -               -   866,841.69              -     866,841.69          -            -                -

------------------------------------------------------------------------------------------------------------------------------------
Total            302,979,000.00  255,827,822.22 1,472,340.23  14,928,326.50  16,400,666.73          -            -   240,899,495.72
------------------------------------------------------------------------------------------------------------------------------------
</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   10/15/01 11/14/01  A-Act/360   395385AJ6  196,178,000.00   839.058463     1.983324    48.954847      50.938172     790.103615

A-2   10/15/01 11/14/01  A-Act/360   395385AK3  106,801,000.00   854.140047     2.026329    49.854051      51.880379     804.285996

 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  4,477,871.04 39,376,561.75  1,800,491.20  41,177,052.95  45,654,923.99          -          -  155,000,947.05
 A-2    106,801,000.00  2,466,687.83 19,948,368.15    954,083.19  20,902,451.34  23,369,139.17          -          -   85,898,548.67
  R                  -  3,026,419.62             -             -              -   3,026,419.62          -          -               -
 -----------------------------------------------------------------------------------------------------------------------------------
Total   302,979,000.00  9,970,978.49 59,324,929.90   2,754,574.39 62,079,504.29  72,050,482.77          -          -  240,899,495.72
------------------------------------------------------------------------------------------------------------------------------------
</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>             <C>
  A-1    2.74500%  164,604,811.07    389,084.62             -             -              -   389,084.62     389,084.62           -
  A-2    2.75500%   91,223,011.15    216,413.92             -             -              -   216,413.92     216,413.92           -
   R                            -             -             -             -              -            -     866,841.69           -

-----------------------------------------------------------------------------------------------------------------------------------
 Total             255,827,822.22    605,498.54             -             -              -   605,498.54   1,472,340.23           -
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

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

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

  Net Principal Collections        5,068,574.84    9,123,253.74   14,191,828.58

  TOTAL PRINCIPAL                  5,068,574.84    9,123,253.74   14,191,828.58

  Interest Collections               741,692.16    1,374,671.35    2,116,363.51
  Interest Fees                      (13,681.25)     (24,687.88)     (38,369.13)

  TOTAL INTEREST                     728,010.91    1,349,983.47    2,077,994.38

  TOTAL AVAILABLE FUNDS            5,796,585.75   10,473,237.21   16,269,822.96

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

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

  Principal Collections            6,841,446.38   10,414,824.45   17,256,270.83
  Repurchases/Substitutions                0.00            0.00            0.00
  Liquidations                        77,866.50      559,380.93      637,247.43
  Insurance Principal                      0.00            0.00            0.00
  Liquidation Loss Amounts                 0.00            0.00            0.00
  Additional Balances             (1,850,738.04)  (1,850,951.64)  (3,701,689.68)

  TOTAL PRINCIPAL COLLECTED        5,068,574.84    9,123,253.74   14,191,828.58

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

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               779,697.83    1,439,777.09    2,219,474.92
  Repurchases/Substitutions                0.00            0.00            0.00
  Liquidations                           630.39        4,646.43        5,276.82
  Insurance Interest                       0.00            0.00            0.00
  Other Additional Interest                0.00            0.00            0.00
  Current Servicing Fee              (38,636.06)     (69,752.17)    (108,388.23)

  TOTAL INTEREST                     741,692.16    1,374,671.35    2,116,363.51

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

<PAGE>

INTEREST - WITHDRAWALS                  POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------
                         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                            618.18        1,116.03         1,734.21
  Certificate Insurer Premium          2,884.78       23,250.14        36,134.92
  Management Fee                         178.29          321.71           500.00

  TOTAL INTEREST  FEES                 3,681.25       24,687.88        38,369.13

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

<PAGE>

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

ACCOUNTS                                                       POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------
<S>                                                       <C>             <C>              <C>
    Beginning Reserve Fund Balance                                                         2,159,297.95
    Curr Period Amounts Dep to Res Fund                                                      736,497.92
    Curr Withdrawal from Reserve Fund                                                        866,841.69
    Reserve Fund Balance                                                                   2,895,795.87

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

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

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

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

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

<CAPTION>
STRUCTURAL FEATURES                                            POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------
<S>                                                       <C>             <C>              <C>
    Three Month Average Net Excess Spread Amount               6.0187%         6.3193%
    Rolling Six-month Pool Delinquency Rate                    0.0000%         0.0000%

    Prior Overcollateralization Amount                    1,503,540.84    2,800,403.11     4,303,943.95
    Specified Overcollateralization Amount                3,577,670.61    3,491,725.44     7,069,396.05
    Overcollateralization Amount                          1,759,428.48    3,281,013.39     5,040,441.87
    Overcollateralization Deficiency Amount               1,818,242.13      210,712.05     2,028,954.18

    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                   255,887.64      480,610.28       736,497.92
    Cumulative Accelerated Principal Payment              1,759,246.09    3,296,127.71     5,055,373.80

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

<PAGE>

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

COLLATERAL                                                            POOL II            POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------
<S>                                                            <C>               <C>              <C>
      Loan Count:
    Original                                                             1191              4428             5619
    Prior                                                                 954             3,644            4,598
    Prefunding                                                              -                 -                -
    Scheduled Paid Offs                                                     -                 -                -
    Full Voluntary Prepayments                                            (35)             (175)            (210)
    Repurchases                                                             -                 -                -
    Liquidations                                                           (2)               (9)             (11)
    -------------------------------------------------------------------------------------------------------------
    Current                                                               917             3,460            4,377

    Principal Balance:
    Original                                                   106,801,182.40    196,178,327.60   302,979,510.00
    Prior                                                       92,726,551.99    167,405,214.18   260,131,766.17
    Prefunding                                                              -                 -                -
    Scheduled Principal                                           (180,485.10)      (329,577.19)     (510,062.29)
    Partial and Full Voluntary Prepayments                      (6,660,961.28)   (10,085,247.26)  (16,746,208.54)
    Repurchases                                                             -                 -                -
    Liquidations                                                   (77,866.50)      (559,380.93)     (637,247.43)
    -------------------------------------------------------------------------------------------------------------
    Current                                                     87,657,977.15    158,281,960.44   245,939,937.59
-----------------------------------------------------------------------------------------------------------------

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

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

<CAPTION>
CHARACTERISTICS                                                       POOL II            POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>              <C>               <C>
    Weighted Average Coupon Original                                9.879188%        10.019075%        9.969764%
    Weighted Average Coupon Prior                                   9.900293%         9.982165%        9.953221%
    Weighted Average Coupon Current                                 9.680385%         9.787553%        9.749352%
    -------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                         189               195              193
    Weighted Average Months to Maturity Prior                            182               189              187
    Weighted Average Months to Maturity Current                          180               188              185
    -------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                    196               213              207
    Weighted Avg Remaining Amortization Term Prior                       188               207              200
    Weighted Avg Remaining Amortization Term Current                     184               206              198
    -------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                 2.92              3.09             3.03
    Weighted Average Seasoning Prior                                    6.94              7.21             7.11
    Weighted Average Seasoning Current                                  7.93              8.19             8.10

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

Note:  Original information refers to deal issue.

<PAGE>

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                                    POOL II            POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                <C>                  <C>            <C>
    Weighted Average Margin Original                                                  293.006%          228.112%
    Weighted Average Margin Prior                                                     297.623%          230.016%
    Weighted Average Margin Current                                                   298.644%          230.335%
    ------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                                                 17.033%           14.638%
    Weighted Average Max Rate Prior                                                    17.229%           14.904%
    Weighted Average Max Rate Current                                                  17.249%           14.952%
    ------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                                                  2.930%            2.281%
    Weighted Average Min Rate Prior                                                     2.976%            2.301%
    Weighted Average Min Rate Current                                                   2.986%            2.304%
    ------------------------------------------------------------------------------------------------------------------------------
    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                                                              38,636.06         69,752.17       108,388.23

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

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

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

<PAGE>

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

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS         TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                 <C>          <C>             <C>             <C>              <C>
DELINQUENT           Balance                                          4,152,774.02    2,399,374.46      572,868.61     7,125,017.09
                     % Balance                                                1.69%           0.98%           0.23%            2.90%
                     # Loans                                                    68              23               5               96
                     % # Loans                                                1.55%           0.53%           0.11%            2.19%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -    1,163,190.51     1,163,190.51
                     % Balance                                0.00%           0.00%           0.00%           0.47%            0.47%
                     # Loans                                     -               -               -              11               11
                     % # Loans                                0.00%           0.00%           0.00%           0.25%            0.25%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                            142,703.17        9,973.22               -       57,285.73       209,962.12
                     % Balance                                0.06%           0.00%           0.00%           0.02%            0.09%
                     # Loans                                     3               1               -               1                5
                     % # Loans                                0.07%           0.02%           0.00%           0.02%            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                            142,703.17    4,162,747.24    2,399,374.46    1,793,344.85     8,498,169.72
                     % Balance                                0.06%           1.69%           0.98%           0.73%            3.46%
                     # Loans                                     3              69              23              17              112
                     % # Loans                                0.07%           1.58%           0.53%           0.39%            2.56%
------------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

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

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS         TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                 <C>          <C>             <C>             <C>              <C>
DELINQUENT           Balance                                          3,018,425.99      851,998.01      126,095.24     3,996,519.24
                     % Balance                                                1.91%           0.54%           0.08%            2.52%
                     # Loans                                                    57              17               2               76
                     % # Loans                                                1.65%           0.49%           0.06%            2.20%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -      485,278.37       485,278.37
                     % Balance                                0.00%           0.00%           0.00%           0.31%            0.31%
                     # Loans                                     -               -               -               9                9
                     % # Loans                                0.00%           0.00%           0.00%           0.26%            0.26%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                            142,703.17               -               -       57,285.73       199,988.90
                     % Balance                                0.09%           0.00%           0.00%           0.04%            0.13%
                     # Loans                                     3               -               -               1                4
                     % # Loans                                0.09%           0.00%           0.00%           0.03%            0.12%
------------------------------------------------------------------------------------------------------------------------------------
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                            142,703.17    3,018,425.99      851,998.01      668,659.34     4,681,786.51
                     % Balance                                0.09%           1.91%           0.54%           0.42%            2.96%
                     # Loans                                     3              57              17              12               89
                     % # Loans                                0.09%           1.65%           0.49%           0.35%            2.57%
------------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

<PAGE>

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

                                                CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>       <C>             <C>               <C>            <C>
DELINQUENT    Balance                                     1,134,348.03    1,547,376.45      446,773.37     3,128,497.85
              % Balance                                           1.29%           1.77%           0.51%            3.57%
              # Loans                                               11               6               3               20
              % # Loans                                           1.20%           0.65%           0.33%            2.18%
-------------------------------------------------------------------------------------------------------------------------
FORECLOSURE   Balance                                -               -               -      677,912.14       677,912.14
              % Balance                           0.00%           0.00%           0.00%           0.77%            0.77%
              # Loans                                -               -               -               2                2
              % # Loans                           0.00%           0.00%           0.00%           0.22%            0.22%
-------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY    Balance                                -        9,973.22               -               -         9,973.22
              % Balance                           0.00%           0.01%           0.00%           0.00%            0.01%
              # Loans                                -               1               -               -                1
              % # Loans                           0.00%           0.11%           0.00%           0.00%            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                                -    1,144,321.25    1,547,376.45    1,124,685.51     3,816,383.21
              % Balance                           0.00%           1.31%           1.77%           1.28%            4.35%
              # Loans                                -              12               6               5               23
              % # Loans                           0.00%           1.31%           0.65%           0.55%            2.51%
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

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

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

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

<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                                                            35             175              210
    Number of Repurchased Loans                                                              -               -                -
    ----------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                                   35             175              210

    Paid in Full Balance                                                          4,805,130.70    8,410,965.50    13,216,096.20
    Repurchased Loans Balance                                                                -               -                -
    Curtailments Amount                                                           1,855,830.58    1,674,281.76     3,530,112.34
    ----------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                                       6,660,961.28   10,085,247.26    16,746,208.54

    Cumulative
    Number of Paid in Full Loans                                                           272             955            1,227
    Number of Repurchased Loans                                                              -               -                -
    ----------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                                  272             955            1,227

    Paid in Full Balance                                                         28,063,477.30   48,400,284.86    76,463,762.16
    Repurchased Loans Balance                                                                -               -                -
    Curtailments Amount                                                          14,108,015.40   14,890,689.65    28,998,705.05
    ----------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                                      42,171,492.70   63,290,974.51   105,462,467.21

                                                 SPACE INTENTIONALLY LEFT BLANK

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

<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                             POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                   <C>             <C>              <C>
    SMM                                                                                  7.20%           6.04%            6.45%
    3 Months Avg SMM                                                                     6.06%           5.18%            5.49%
    12 Months Avg SMM
    Avg SMM Since Cut-off                                                                5.98%           4.94%            5.31%

    CPR                                                                                 59.19%          52.63%           55.07%
    3 Months Avg CPR                                                                    52.74%          47.17%           49.21%
    12 Months Avg CPR
    Avg CPR Since Cut-off                                                               52.30%          45.54%           48.03%

    PSA                                                                               3730.16%        3212.97%         3399.98%
    3 Months Avg  PSA Approximation                                                   3797.92%        3273.59%         3460.06%
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation                                               4750.13%        3995.46%         4265.42%

--------------------------------------------------------------------------------------------------------------------------------
</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
-------------------------------------------------------------------------------

<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               9               11
    Collateral Realized Loss/(Gain) Amount                                                     -               -                -
    Net Liquidation Proceeds                                                           77,866.50      559,380.93       637,247.43

    Cumulative
    Number of Loans Liquidated                                                                 2              16               18
    Collateral Realized Loss/(Gain) Amount                                                     -       15,441.92        15,441.92
    Net Liquidation Proceeds                                                           77,866.50      900,564.72       978,431.22

    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%

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

<CAPTION>
DEFAULT SPEEDS                                                                           POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                      <C>              <C>              <C>
    MDR                                                                                    0.08%           0.33%            0.24%
    3 Months Avg MDR                                                                       0.03%           0.18%            0.12%
    12 Months Avg MDR
    Avg MDR Since Cut-off                                                                  0.01%           0.08%            0.05%

    CDR                                                                                    1.00%           3.94%            2.90%
    3 Months Avg CDR                                                                       0.34%           2.12%            1.49%
    12 Months Avg CDR
    Avg CDR Since Cut-off                                                                  0.14%           0.91%            0.64%

    SDA                                                                                    6.32%          24.03%           17.91%
    3 Months Avg SDA Approximation                                                         2.42%          14.69%           10.45%
    12 Months Avg SDA Approximation
    Avg SDA Since Cut-off Approximation                                                    1.31%           8.01%            5.68%

    Loss Severity Approximation for Current Period                                         0.00%           0.00%            0.00%
    3 Months Avg Loss Severity Approximation                                               0.00%           1.99%            1.99%
    12 Months Avg Loss Severity Approximation
    Avg Loss Severity Approximation Since Cut-off                                          0.00%           1.99%            1.99%

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

<PAGE>

<TABLE>
<S>                                <C>
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.

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

** = less than

<PAGE>

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

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

<TABLE>
<CAPTION>
SUMMARY                                                                LOAN GROUP
---------------------------------------------------------              -------------------------------------------------------------
<S>                                                                    <C>
Total Loan Count =   11                                                Loan Group 1    =    Pool I Group
Total Original Principal Balance =   434,558.00                        Loan Group 2    =    Pool II Group
Total Prior Principal Balance =   637,247.43
Total Realized Loss Amount =   0.00
Total Net Liquidation Proceeds =   637,247.43
---------------------------------------------------------              -------------------------------------------------------------
</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>
   101645109 1                46,500.00       45,604.20               -      10.250%   CA  -  79.97%           180        Nov-15-00
   101750495 1                29,382.00       98,621.79               -       7.500%   CA  -  57.70%           180        Nov-10-00
   101881126 1                 9,352.00       23,056.60               -      10.750%   CA  -  74.89%           180        Nov-16-00
   101937555 1                 2,347.00      113,925.56               -      10.750%   CA  -  61.13%           180        Jan-02-01
   102070133 1                60,000.00        1,883.34               -       6.500%   CA  -  52.07%           180        Dec-14-00
   102078706 1               117,750.00      116,679.39               -      11.000%   CA  -  80.00%           180        Dec-07-00
   102165636 1                45,600.00       44,822.09               -      10.000%   CA  -  80.00%           180        Dec-19-00
   102260668 1                91,500.00       90,327.68               -      10.250%   CA  -  80.00%           180        Jan-19-01
   102397940 1                        -       24,460.28               -       9.250%   CA  -  72.22%           180        Jan-31-01
   102107646 2                 1,510.00       28,379.94               -       9.000%   CA  -  61.80%           180        Jan-11-01
   102348513 2                30,617.00       49,486.56               -      10.125%   CA  -  39.29%           180        Jan-31-01

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

<PAGE>

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

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

    Insurer Default                                                                        No              No               No

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

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

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

<TABLE>
<CAPTION>
ADDITIONAL INFORMATION                                                                POOL II          POOL I            TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>               <C>            <C>
    Detail Delinq. Breakdown to Supplement pages 11-13
    Number of Mort. Loans Delinq. 90 -119 days                                              3               2                5
    Balance of Mort. Loans Delinq. 90 -119 days                                    446,773.37      126,095.24       572,868.61
    Number of Mort. Loans Delinq. 120 -149 days                                             1               4                5
    Balance of Mort. Loans Delinq. 120 -149 days                                    96,225.16      216,277.12       312,502.28
    Number of Mort. Loans Delinq. 150 -179 days                                             -               5                5
    Balance of Mort. Loans Delinq. 150 -179 days                                         0.00      227,265.00       227,265.00
    Number of Mort. Loans Delinq. 180 days or more                                          -              12               12
    Balance of Mort. Loans Delinq. 180 days or more                                      0.00      471,349.61       471,349.61
    Count of ALL Loans 180 day plus bucket                                                  5              19               24
    Balance of ALL Loans 180 day plus bucket                                     1,021,938.14      802,080.92     1,824,019.06
    Management Fee Accrued and Unpaid                                                1,248.03        2,251.97         3,500.00

-------------------------------------------------------------------------------------------------------------------------------
</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"}]]