Document:

<PAGE>

                                  Exhibit 10.1

GreenPoint                     SERVICING CERTIFICATE
Mortgage

<TABLE>
<CAPTION>
==================================================================================================================================
<S>                        <C>                                  <C>       <C>                                <C>
Revolving Home Equity Loan LIBOR:                               5.56875%  Current Collection Period:         02/01/01-02/28/01
Asset-Backed Notes         Margin A-1:                          0.30000%  P&S Agreement Date:                          12/1/99
Series 1999-2              Class A-1  Note Rate:                5.86875%  Original Closing Date:                      12/22/99
                           Class A-2  Note Rate:                5.94875%  Distribution Date:                           3/15/01
                           Margin A-2:                          0.38000%  Record Date:                                 3/14/01
                           Interest Period 02/15/01 thru                  Pool Factor:                              65.3374950%
                           03/14/01:                               28
                           Servicing Fee Rate:                  0.50000%  Initial Class A-1 O/C Amt:                     22.71
                           Class A-1 Premium Fee Rate:          0.18000%  Initial Class A-2 O/C Amt:                    565.15
                           Class A-2 Premium Fee Rate:          0.18000%
                                                                          Class A-1 O/C Amt as of Pmt Date:       5,408,774.99
                           Trustee Fee:                         0.00900%  Class A-2 O/C Amt as of Pmt Date:       1,438,840.14
                           Class A-1 Act Weighted Avg Ln Rate: 12.52568%  Class A-1 Pool Factor:                    67.9248238%
                           Class A-2 Act Weighted Avg Ln Rate: 12.36609%  Class A-2 Pool Factor:                    55.7887848%

                           Total Management Fee                  500.00
     ==============================================================================================================================
BALANCES
     Beginning Class A-1 Pool Balance                                                                           142,771,836.79
     Beginning Class A-2 Pool Balance                                                                            32,032,291.76

     Beginning Class A-1 Note Balance -- CUSIP 395385AA5                                                        137,363,061.80
     Beginning Class A-2 Note Balance -- CUSIP 395385AB3                                                         30,593,451.62

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

     Ending Class A-1 Pool Balance                                                                              136,690,478.10
     Ending Class A-2 Pool Balance                                                                               30,655,426.74

     Ending Class A-1 Note Balance -- CUSIP 395385AA5                                                           131,281,703.11
     Ending Class A-2 Note Balance -- CUSIP  395385AB3                                                           29,216,586.60

     Additional Balances  Class A-1                                                                               1,752,805.34
     Additional Balances  Class A-2                                                                                 503,277.90

     Number of all Retransferred Mortgage Loans (Current Retransfer Date)                                                    0
     Retransferred Mortgage Loan Trust Balances (Current Retransfer Date)                                                 0.00
     Cumulative Number of all Retransferred Mortgage Loans (From Previous Distributions)                                     0
     Cumulative Retransferred Mortgage Loan Trust Balances (From Previous Distributions)                                  0.00
     Number of all Subsequent Class A-1 HELOC Mortgage Loans (Current Date)                                                  0
     Subsequent Class A-1 HELOC Mortgage Loan Asset Balance (Current Date)                                                0.00
     Number of all Subsequent Class A-2 Heloc Loans (Current Date)                                                           0
     Subsequent Class A-2 HELOC Loan Asset Balance (Current Date)                                                         0.00
     Number of all Subsequent HLTV Mortgage Loans (Current Date)                                                             0
     Subsequent HLTV Mortgage Loan Asset Balance (Current Date)                                                           0.00
     Cumulative Number of ALL Subsequent Mortgage Loans                                                                      0
     Cumulative Subsequent Mortgage Loan Asset Balance                                                                    0.00
     Class A-1 Cumulative Excess of Draws Over Principal Paydown                                                          0.00
     Class A-1 Cumulative Excess of Draws Over Principal Paydown Recoup this Distribution                                 0.00
     Beginning Loan Count                                                                                                4,038
     Ending Loan Count                                                                                                   3,865
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                              <C>
COLLECTION AMOUNTS Class A-1
  1  Aggregate of All Mortgage Collections (Gross)                                                                9,362,416.17
  2  Total Mortgage Interest Collections (Gross)                                                                  1,528,252.14
     Servicing Fees (current collection period)                                                                      59,488.27
     Deferred Interest Transfer (DI)                                                                                      0.00
   3a   Mortgage Principal Collections                                                                             7,834,164.03
   3b   Pre-Funded Balance                                                                                                 0.00
   3c   Net Liquidation Proceeds                                                                                           0.00
  3  Total Mortgage Principal Collections                                                                          7,834,164.03
     Aggregate of Transfer Deposits                                                                                        0.00
     Investor Loss Amount                                                                                                  0.00
     Aggregate Investor Loss Reduction Amount                                                                        112,765.96

COLLECTION AMOUNTS Class A-2
  1  Aggregate of All Mortgage Collections (Gross)                                                                 2,231,829.61
  2  Total Mortgage Interest Collections (Gross)                                                                     351,686.69
     Servicing Fees (current collection period)                                                                       13,346.79
     Deferred Interest Transfer (DI)                                                                                       0.00
   3a   Mortgage Principal Collections                                                                             1,880,142.92
   3b   Pre-Funded Balance                                                                                                 0.00
   3c   Net Liquidation Proceeds                                                                                           0.00
  3  Total Mortgage Principal Collections                                                                          1,880,142.92
     Aggregate of Transfer Deposits                                                                                        0.00
     Investor Loss Amount                                                                                                  0.00
     Aggregate Investor Loss Reduction Amount                                                                              0.00

TOTAL COLLECTION AMOUNT
  1  Aggregate of All Mortgage Collections (Gross)                                                                11,594,245.78
  2  Total Mortgage Interest Collections (Gross)                                                                   1,879,938.83
     Servicing Fees (current collection period)                                                                       72,835.05
     Deferred Interest Transfer (DI)                                                                                       0.00
   3a   Mortgage Principal Collections                                                                             9,714,306.95
   3b   Insurance Proceeds                                                                                                 0.00
   3c   Net Liquidation Proceeds                                                                                           0.00
  3  Total Mortgage Principal Collections                                                                          9,714,306.95
     Aggregate of Transfer Deposits                                                                                        0.00
     Investor Loss Amount                                                                                                  0.00
     Aggregate Investor Loss Reduction Amount                                                                        112,765.96

     Class A-1 Net Interest Collection                                                                             1,468,763.87
     Class A-2 Net Interest Collection                                                                               338,339.90

DISTRIBUTION AMOUNTS Class A-1
     Class A-1 Note    Interest 8.6 (d)(iv)                                                                          627,005.14
     Class A-1 Note    Unpaid Interest Shortfall (current cycle)                                                           0.00
     Class A-1 Note    Reserve Fund Amount                                                                           819,730.65
     Investor Loss Amount                                                                                                  0.00
     Previous Investor Loss Amount                                                                                         0.00
     Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                      20,604.46
     Credit Enhancer Reimbursement                                                                                         0.00
     Accelerated Principal Distribution Amount                                                                             0.00
     Spread Account Deposit                                                                                                0.00
     Indenture Trustee Fee 8.6 (d)(i)                                                                                  1,030.22
     Management Fee 8.6 (d)(iii)                                                                                         393.40
     Payment to Servicer                                                                                                   0.00
     Deferred Interest                                                                                                     0.00
     Remaining Amount to Transferor                                                                                        0.00
     Total Certificateholders Distribution Allocable to Interest                                                   1,468,763.87
</TABLE>
<PAGE>

<TABLE>
     <S>                                                                                                         <C>
     Maximum Principal Payment                                                                                     6,081,358.69
     Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the HELOC Pool O/C                         0.00
     Redctin Amt) 8.6(d)(v)
     Accelerated Principal Distribution Amount                                                                             0.00
     Loan Loss                                                                                                             0.00
     Class A-1 Overcollateralization Deficit 8.6 (d)(vi)                                                                   0.00
         Total Certificateholders Distribution Allocable to Principal                                              6,081,358.69

DISTRIBUTION AMOUNTS Class A-2
     Class A-2 Note    Interest 8.6 (d)(iv)                                                                          141,549.95
     Class A-2 Note    Unpaid Interest Shortfall (current cycle)                                                           0.00
     Class A-2 Note    Reserve Fund Amount                                                                           191,864.88
     Investor Loss Amount                                                                                                  0.00
     Previous Investor Loss Amount                                                                                         0.00
     Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                       4,589.02
     Credit Enhancer Reimbursement                                                                                         0.00
     Accelerated Principal Distribution Amount                                                                             0.00
     Spread Account Deposit                                                                                                0.00
     Indenture  Trustee Fee 8.6 (d)(i)                                                                                   229.45
     Management Fee 8.6 (d)(iii)                                                                                         106.60
     Payment to Servicer                                                                                                   0.00
     Deferred Interest                                                                                                     0.00
     Remaining Amount to Transferor                                                                                        0.00
     Total Certificateholders Distribution Allocable to Interest                                                     338,339.90

     Maximum Principal Payment                                                                                     1,376,865.02
     Scheduled Principal                                                                                                   0.00
     Collection Payment ((x)the excess of Max Prin Pymt (y) the Second Pool O/C Redctin Amt)
     8.6(d)(v)                                                                                                             0.00
     Accelerated Principal Distribution Amount                                                                             0.00
     Loan Loss                                                                                                             0.00
     Class A-2 Overcollateralization Deficit 8.6 (d)(vi)                                                                   0.00
     Total Certificateholders Distribution Allocable to Principal                                                  1,376,865.02

TOTAL DISTRIBUTION AMOUNT
     Class A Note    Interest 8.6 (d)(iv)                                                                            768,555.09
     Class A Note    Unpaid Interest Shortfall (current cycle) 5.01(i)                                                     0.00
     Class A Note    Reserve Fund Amount                                                                           1,011,595.53
     Investor Loss Amount 5.01(iii)                                                                                        0.00
     Previous Investor Loss Amount 5.01(iv)                                                                                0.00
     Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                      25,193.48
     Credit Enhancer Reimbursement 5.01(vi)                                                                                0.00
     Accelerated Principal Distribution Amount 5.01(vii)                                                                   0.00
     Spread Account Deposit 5.01(viii)                                                                                     0.00
     Indenture Trustee Fee 8.6 (d)(i)                                                                                  1,259.67
     Management Fee 8.6 (d)(iii)                                                                                         500.00
     Payment to Servicer per Section 7.03 5.01 (x)                                                                         0.00
     Deferred Interest 5.01 (xi)                                                                                           0.00
     Remaining Amount to Transferor 5.01 (xii)                                                                             0.00
     Total Certificateholders Distribution Allocable to Interest                                                   1,807,103.78

     Maximum Principal Payment                                                                                     7,458,223.71
     Scheduled Principal Collection Payment                                                                                0.00
     Accelerated Principal Distribution Amount                                                                             0.00
     Loan Loss                                                                                                             0.00
     Overcollateralization Deficit 8.6 (d)(vi)                                                                             0.00
     Total Certificateholders Distribution Allocable to Principal                                                  7,458,223.71
</TABLE>
<PAGE>

<TABLE>

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

DISTRIBUTION TO CERTIFICATEHOLDERS  (PER CERTIFICATE WITH A $1,000 DENOMINATION)
Class A-1
     Total Class A-1 Note Distribution Amount Allocable to Interest                                                   3.2441089
     Interest Distribution Amount                                                                                     3.2441089
     Unpaid Note Interest Shortfall Included in Current Distribution                                                  0.0000000
     Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                                  0.0000000

     Total Class A-1 Note Distribution Amount Allocable to Principal                                                 31.4647973
     Maximum Principal Payment                                                                                       31.4647973
     Scheduled Principal Collections Payment                                                                          0.0000000
     Loan Loss                                                                                                        0.0000000
     Accelerated Principal Distribution Amount                                                                        0.0000000

Class A-2
     Total Class A-2 Note Distribution Amount Allocable to Interest                                                   2.7028824
     Interest Distribution Amount                                                                                     2.7028824
     Unpaid Note Interest Shortfall Included in Current Distribution                                                  0.0000000
     Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                                  0.0000000

     Total Class A-2 Note Distribution Amount Allocable to Principal                                                 26.2911022
     Maximum Principal Payment                                                                                       26.2911022
     Scheduled Principal Collections Payment                                                                          0.0000000
     Loan Loss                                                                                                        0.0000000
     Accelerated Principal Distribution Amount                                                                        0.0000000

     Total Interest Amount Distributed to Class A Certificateholder                                                   5.9469913
     Total Principal Amount Distributed to Class A Certificateholder                                                 57.7558994

     Credit Enhancement Draw Amount                                                                                        0.00

DELINQUENCIES/FORECLOSURES

Class A-1
     Number of Mortgages 30 to 59 Days Delinquent                                                                            66
     Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                            2,382,511.21
     Number of Mortgages 60 to 89 Days Delinquent                                                                            20
     Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                              849,233.87
     Number of Mortgages 90 to 179 Days Delinquent                                                                            7
     Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                             265,740.51
     Number of Mortgages 180 or more Days Delinquent                                                                          5
     Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                           252,998.31
     Number of Mortgage Loans in Foreclosure                                                                                 29
     Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                 1,237,353.04
     Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                 89,180.29
     Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       127,564.29
     Aggregate Trust Balances of any Liquidated Loans in the Current Month                                                 0.00
</TABLE>
<PAGE>

<TABLE>

<S>                                                                                                                  <C>
Class A-2
     Number of Mortgages 30 to 59 Days Delinquent                                                                              4
     Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                               639,937.63
     Number of Mortgages 60 to 89 Days Delinquent                                                                              1
     Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                               133,104.44
     Number of Mortgages 90 to 179 Days Delinquent                                                                             1
     Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                              169,847.62
     Number of Mortgages 180 or more Days Delinquent                                                                           1
     Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                            196,058.94
     Number of Mortgage Loans in Foreclosure                                                                                   2
     Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                    419,201.81
     Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
     Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                              0.00
     Aggregate Trust Balances of any Liquidated Loans in the Current Month                                                  0.00

TOTAL DELINQUENCIES/FORECLOSURES

     Number of Mortgages 30 to 59 Days Delinquent                                                                             70
     Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                             3,022,448.84
     Number of Mortgages 60 to 89 Days Delinquent                                                                             21
     Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                               982,338.31
     Number of Mortgages 90 to 179 Days Delinquent                                                                             8
     Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                              435,588.13
     Number of Mortgages 180 or more Days Delinquent                                                                           6
     Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                            449,057.25
     Number of Mortgage Loans in Foreclosure                                                                                  31
     Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                  1,656,554.85
     Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                  89,180.29
     Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                        127,564.29
     Aggregate Trust Balances of any Liquidated Loans in the Current Month                                                  0.00
==================================================================================================================================

RESERVE FUND ACTIVITY

     Reserve Fund  Beginning Balance                                                                                        0.00
     Reserve Fund  Deposit                                                                                          1,011,595.53
     Reserve Fund Earnings                                                                                                  0.00
     Reserve Bal Subtotal                                                                                           1,011,595.53
     Reserve Fund Reduction Amt                                                                                    (1,011,595.53)
     Reserve Fund Balance                                                                                                   0.00

PRE-FUNDED ACCOUNT ACTIVITY

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

     Ending Balance Pre-Funded Account                                                                                      0.00

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

     The Attached Servicing Certificate is true and correct in all material respects.
</TABLE>

     ----------------------------------------------------------------------
      A Servicing Officer           Mary McFadden

<PAGE>

--------------------------------------------------------------------------------
GREENPOINT                   STATEMENT TO NOTEHOLDERS
MORTGAGE

<TABLE>
<CAPTION>
===================================================================================================================================
<S>                          <C>                                      <C>       <C>                         <C>
Revolving Home Equity Loan   LIBOR:                                   5.56875%  Current Collection Period:               02/01/01-
                                                                                                                         02/28/01
Asset-Backed Notes           Margin:                                  0.30000%  P&S Agreement Date:                       12/1/99
Series 1999-2                Class A-1  Note Rate:                    5.86875%  Original Closing Date:                   12/22/99
                             Class A-2  Note Rate:                    5.94875%  Distribution Date:                        3/15/01
                                                                                Record Date:                              3/14/01
                             Interest Period 02/15/01 thru 03/14/01:       28   Pool Factor:                           65.3374950%
==================================================================================================================================

     BALANCES
     Beginning HELOC Pool Balance                                                                                  142,771,836.79
     Beginning Second Lien Pool Balance                                                                             32,032,291.76

     Beginning Class A-1 Note Balance -- CUSIP 395385AA5                                                           137,363,061.80
     Beginning Class A-2 Note Balance -- CUSIP 395385AB3                                                            30,593,451.62

     Ending Class A-1 Pool Balance                                                                                 136,690,478.10
     Ending Class A-2 Pool Balance                                                                                  30,655,426.74

     Ending Class A-1 Note Balance -- CUSIP                                                                        131,281,703.11
     Ending Class A-2 Note Balance -- CUSIP                                                                         29,216,586.60

     Additional Balances Class A-1                                                                                   1,752,805.34
     Additional Balances Class A-2                                                                                     503,277.90

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

     Beginning Loan Count                                                                                                   4,038
     Ending Loan Count                                                                                                      3,865

COLLECTION AMOUNTS Class A-1
     Aggregate of All Mortgage Collections                                                                           9,302,927.90
     Total Mortgage Interest Collections                                                                             1,528,252.14
     Servicing Fees (current collection period)                                                                        (59,488.27)
        Mortgage Principal Collections                                                                               7,834,164.03
        Pre-Funded Balance                                                                                                   0.00
                                                                                                                             0.00
     Total Mortgage Principal Collections                                                                            7,834,164.03
</TABLE>
<PAGE>

<TABLE>

<S>                                                                                                                <C>
COLLECTION AMOUNTS Class A-2
     Aggregate of All Mortgage Collections                                                                           2,218,482.82
     Total Mortgage Interest Collections                                                                               351,686.69
     Servicing Fees (current collection period)                                                                        (13,346.79)
        Mortgage Principal Collections                                                                               1,880,142.92
        Pre-Funded Balance                                                                                                   0.00
                                                                                                                             0.00
     Total Mortgage Principal Collections                                                                            1,880,142.92

TOTAL COLLECTION AMOUNT
     Aggregate of All Mortgage Collections                                                                          11,594,245.78
     Total Mortgage Interest Collections                                                                             1,879,938.83
        Mortgage Principal Collections                                                                               9,714,306.95
        Pre-Funded Balance                                                                                                   0.00

     Total Mortgage Principal Collections                                                                            9,714,306.95

DISTRIBUTION AMOUNTS Class A-1
     Class A-1 Note    Interest                                                                                        627,005.14
     Class A-1 Note    Unpaid Interest Shortfall (current cycle)                                                             0.00
     Class A-1 Note    Reserve Fund Amount                                                                             819,730.65

     Maximum Principal Payment                                                                                       6,081,358.69
     Scheduled Principal Collection                                                                                          0.00
     Accelerated Principal Distribution Amount                                                                               0.00
     Loan Loss                                                                                                               0.00
     Class A-1 Overcollateralization Deficit                                                                                 0.00
     Total Certificateholders Distribution Allocable to Principal                                                    6,081,358.69

DISTRIBUTION AMOUNTS Class A-2
     Class A-2 Note    Interest                                                                                        141,549.95
     Class A-2 Note    Unpaid Interest Shortfall (current cycle)                                                             0.00
     Class A-2 Note    Reserve Fund Amount                                                                             191,864.88

     Maximum Principal Payment                                                                                       1,376,865.02
     Scheduled Principal Collection                                                                                          0.00
     Accelerated Principal Distribution Amount                                                                               0.00
     Loan Loss                                                                                                               0.00
     Class A-2 Overcollateralization Deficit                                                                                 0.00
     Total Certificateholders Distribution Allocable to Principal                                                    1,376,865.02

TOTAL DISTRIBUTION AMOUNT
     Class A Note      Interest                                                                                        768,555.09
     Class A Note      Unpaid Interest Shortfall (current cycle)                                                             0.00
     Class A Note      Reserve Fund Amount                                                                           1,011,595.53

     Maximum Principal Payment                                                                                       7,458,223.71
     Scheduled Principal Collection Payment                                                                                  0.00
     Accelerated Principal Distribution Amount                                                                               0.00
     Overcollateralization Deficit                                                                                           0.00
     Total Certificateholders Distribution Allocable to Principal                                                    7,458,223.71

LOSSES/RETRANSFERS

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

<PAGE>

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

<TABLE>

<S>                                                                                                                   <C>
Class A-1
     Total Class A-1 Note Distribution Amount Allocable to Interest                                                     3.2441089
     Interest Distribution Amount                                                                                       3.2441089
     Unpaid Note Interest Shortfall Included in Current Distribution                                                    0.0000000
     Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                                    0.0000000

     Total Class A-1 Note Distribution Amount Allocable to Principal                                                   31.4647973
     Maximum Principal Payment                                                                                         31.4647973
     Scheduled Principal Collections Payment                                                                            0.0000000
     Loan Loss                                                                                                          0.0000000
     Accelerated Principal Distribution Amount                                                                          0.0000000

Class A-2
     Total Class A-2 Note Distribution Amount Allocable to Interest                                                     2.7028824
     Interest Distribution Amount                                                                                       2.7028824
     Unpaid Note Interest Shortfall Included in Current Distribution                                                    0.0000000
     Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                                    0.0000000

     Total Class A-2 Note Distribution Amount Allocable to Principal                                                   26.2911022
     Maximum Principal Payment                                                                                         26.2911022
     Scheduled Principal Collections Payment                                                                            0.0000000
     Loan Loss                                                                                                          0.0000000
     Accelerated Principal Distribution Amount                                                                          0.0000000

     Total Interest Amount Distributed to Class A Certificateholder                                                     5.9469913
     Total Principal Amount Distributed to Class A Certificateholder                                                   57.7558994

     Credit Enhancement Draw  Amount                                                                                         0.00

DELINQUENCIES/FORECLOSURES
Class A-1
     Number of Mortgages 31 to 60 Days Delinquent                                                                              66
     Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                                              2,382,511.21
     Number of Mortgages 61 to 90 Days Delinquent                                                                              20
     Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                                                849,233.87
     Number of Mortgages 91 to 180 or more Days Delinquent                                                                      7
     Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                                       265,740.51
     Number of Mortgages 181 or more Days Delinquent                                                                            5
     Principle Balances of Mortgages 181 or more Days Delinquent                                                       252,998.31
     Number of Mortgage Loans in Foreclosure                                                                                   29
     Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                   1,237,353.04
     Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                   89,180.29
     Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                         127,564.29
     Aggregate Trust Balances of any Liquidated Loans in the Current Month                                                   0.00

Class A-2
     Number of Mortgages 31 to 60 Days Delinquent                                                                               4
     Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                                                639,937.63
     Number of Mortgages 61 to 90 Days Delinquent                                                                               1
     Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                                                133,104.44
     Number of Mortgages 91 to 180 or more Days Delinquent                                                                      1
     Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                                       169,847.62
     Number of Mortgages 181 or more Days Delinquent                                                                            1
     Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                                             196,058.94
     Number of Mortgage Loans in Foreclosure                                                                                    2
     Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                     419,201.81
     Principal Balance of Estate Acquired Through Foreclosure or Grant of a Deed                                             0.00
</TABLE>
<PAGE>

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

TOTAL DELINQUENCIES/FORECLOSURES
     Number of Mortgages 31 to 60 Days Delinquent                                                                              70
     Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                                              3,022,448.84
     Number of Mortgages 61 to 90 Days Delinquent                                                                              21
     Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                                                982,338.31
     Number of Mortgages 91 to 180 or more Days Delinquent                                                                      8
     Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                                       435,588.13
     Number of Mortgages 181 or more Days Delinquent                                                                            6
     Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                                             449,057.25
     Number of Mortgage Loans in Foreclosure                                                                                   31
     Aggregate Principal Balances of Mortgage Loans in Foreclosure                                                   1,656,554.85
     Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed                                   89,180.29
     Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                         127,564.29
     Aggregate Trust Balances of any Liquidated Loans in the Current Month                                                   0.00
=================================================================================================================================

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

RESERVE FUND ACTIVITY

     Reserve Fund  Beginning Balance                                                                                         0.00
     Reserve Fund  Deposit                                                                                           1,011,595.53
     Reserve Fund Earnings                                                                                                   0.00
     Reserve Bal Subtotal                                                                                            1,011,595.53
     Reserve Fund Reduction Amt                                                                                     (1,011,595.53)
     Reserve Fund Balance                                                                                                    0.00
</TABLE><PAGE>

                                  Exhibit 10.1

CONTACTS

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

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

<TABLE>
<CAPTION>

ISSUANCE
INFORMATION

<S>                              <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:  February 15, 2001
                                                                                     Record Date:        February 14, 2001
</TABLE>
<PAGE>

                   GreenPoint Home Equity Loan Trust 2000-3
                     Home Equity Loan Asset-Backed Notes
                                Series 2000-3
         Certificate Payment Report for February 15, 2001 Distribution

         Distribution in Dollars - Current Period
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      Prior                                                                         Current
         Class        Original      Principal                                 Total      Realized   Deferred        Principal
Class    Type        Face Value      Balance       Interest   Principal    Distribution   Losses    Interest         Balance
                                       (1)            (2)         (3)      (4)=(2)+(3)     (5)         (6)      (7)=(1)-(3)-(5)+(6)
------------------------------------------------------------------------------------------------------------------------------------

<S>     <C>       <C>             <C>            <C>           <C>         <C>            <C>       <C>         <C>

A-1     FLT,STEP  102,736,000.00  102,440,896.37    520,100.97   95,045.63     615,146.60       -       -        102,345,850.74
A-2     FLT,STEP   98,584,000.00   98,083,415.41    497,977.67  377,721.83     875,699.50       -       -         97,705,693.58
A-3     FLT,STEP   97,966,000.00   95,419,468.00    485,247.75  266,399.45     751,647.20       -       -         95,153,068.55
 S                             -               -             -          -               -       -       -                     -
 R                             -               -             -          -               -       -       -                     -
------------------------------------------------------------------------------------------------------------------------------------

Total             299,286,000.00  295,943,779.78  1,503,326.39  739,166.91   2,242,493.30       -       -        295,204,612.87
------------------------------------------------------------------------------------------------------------------------------------
</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   01/16/01  02/14/01  A-Act/360   395385AF4   102,736,000.00   997.127554    5.062500   0.925144    5.987644       996.202409
A-2   01/16/01  02/14/01  A-Act/360   395385AG2    98,584,000.00   994.922253    5.051303   3.831472    8.882775       991.090781
A-3   01/16/01  02/14/01  A-Act/360   395385AH0    97,966,000.00   974.005961    4.953226   2.719305    7.672531       971.286656
 S                           -                                 -            -           -          -           -                -
 R                           -                                 -            -           -          -           -                -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

   Distribution in Dollars - to Date
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                         Current
         Original                   Unscheduled    Scheduled      Total           Total       Realized   Deferred        Principal
Class   Face Value       Interest    Principal      Principal     Principal    Distribution    Losses    Interest        Balance
<S>    <C>             <C>          <C>            <C>          <C>            <C>            <C>        <C>             <C>
------------------------------------------------------------------------------------------------------------------------------------
           (1)             (2)          (3)            (4)       (5)=(3)+(4)   (6)=(2)+(5)      (7)        (8)          (9)=(1)-(5)-
                                                                                                                          (7)+(8)
------------------------------------------------------------------------------------------------------------------------------------

A-1   102,736,000.00   1,091,866.05   (120,436.25)  510,585.51    390,149.26   1,482,015.31        -       -          102,345,850.74
A-2    98,584,000.00   1,046,635.28    340,661.13   537,645.29    878,306.42   1,924,941.70        -       -           97,705,693.58
A-3    97,966,000.00   1,031,255.13  2,326,717.55   486,213.90  2,812,931.45   3,844,186.58        -       -           95,153,068.55
 S                 -              -             -            -             -              -        -       -                       -
 R                 -              -             -            -             -              -        -       -                       -

Total 299,286,000.00   3,169,756.46  2,546,942.43 1,534,444.70  4,081,387.13   7,251,143.59        -       -          295,204,612.87
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

Interest Detail

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
              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
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>        <C>               <C>         <C>           <C>         <C>           <C>             <C>         <C>
                                            (1)         (2)           (3)            (4)         (5)=(1)-        (6)     (7)=(5)-(6)
                                                                                                (2)+(3)+(4)
------------------------------------------------------------------------------------------------------------------------------------
A-1          6.09250%  102,440,896.37     520,100.97         -             -             -       520,100.97    520,100.97         -
A-2          6.09250%   98,083,415.41     497,977.67         -             -             -       497,977.67    497,977.67         -
A-3          6.10250%   95,419,468.00     485,247.75         -             -             -       485,247.75    485,247.75         -
 S                                 -               -         -             -             -                -             -         -
 R                                 -               -         -             -             -                -             -         -
------------------------------------------------------------------------------------------------------------------------------------

Total                 295,943,779.78    1,503,326.39         -             -             -     1,503,326.39  1,503,326.39         -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                           Collection Account Report

<TABLE>
<CAPTION>
SUMMARY                                                           POOL III        POOL II          POOL I           TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>             <C>             <C>             <C>
   Net Principal Collections                                      146,423.14      212,919.30     (129,184.65)      230,157.79

   TOTAL PRINCIPAL                                                146,423.14      212,919.30     (129,184.65)      230,157.79

   Interest Collections                                           619,483.07      677,423.11      759,667.61     2,056,573.79
   Interest Fees                                                  (14,259.01)     (14,642.91)     (15,336.36)      (44,238.28)

   TOTAL INTEREST                                                 605,224.06      662,780.20      744,331.25     2,012,335.51

   TOTAL AVAILABLE FUNDS                                          751,647.20      875,699.50      615,146.60     2,242,493.30
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS                                           POOL III        POOL II          POOL I           TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                           <C>              <C>             <C>             <C>
   Principal Collections                                        3,870,025.36    2,531,561.43    2,941,475.65    9,343,062.44
   Repurchases/Substitutions                                            0.00            0.00            0.00            0.00
   Liquidations                                                         0.00            0.00            0.00            0.00
   Insurance Principal                                                  0.00            0.00            0.00            0.00
   Liquidation Loss Amounts                                             0.00            0.00            0.00            0.00
   Additional Balances                                         (3,723,602.22)  (2,318,642.13)  (3,070,660.30)  (9,112,904.65)

   TOTAL PRINCIPAL COLLECTED                                      146,423.14      212,919.30     (129,184.65)     230,157.79
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

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

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

<TABLE>
<CAPTION>
INTEREST - COLLECTIONS                                            POOL III        POOL II          POOL I           TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>            <C>             <C>             <C>
   Interest Collections                                           658,432.55      717,486.79      801,535.50     2,177,454.84
   Repurchases/Substitutions                                            0.00            0.00            0.00             0.00
   Liquidations                                                         0.00            0.00            0.00             0.00
   Insurance Interest                                                   0.00            0.00            0.00             0.00
   Other Additional Interest                                            0.00            0.00            0.00             0.00
   Current Servicing Fee                                          (38,949.48)     (40,063.68)     (41,867.89)     (120,881.05)

   TOTAL INTEREST                                                 619,483.07      677,423.11      759,667.61     2,056,573.79
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

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

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

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

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

<TABLE>
<CAPTION>
INTEREST - FEES                                                   POOL III        POOL II          POOL I           TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>            <C>            <C>            <C>
   Trustee Fee                                                        778.99         801.27         837.36        2,417.62
   Certificate Insurer Premium                                     13,480.02      13,841.64      14,499.00       41,820.66
   Management Fee                                                       0.00           0.00           0.00            0.00

   TOTAL INTEREST FEES                                             14,259.01      14,642.91      15,336.36       44,238.28
--------------------------------------------------------------------------------------------------------------------------
</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
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

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

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

<TABLE>
<CAPTION>
STRUCTURAL FEATURES                                               POOL III        POOL II        POOL I          TOTAL
---------------------------------------------------------------------------------------------------------------------------

<S>                                                                    <C>             <C>             <C>             <C>
   Pool Delinquency Rate                                          0.7100%         0.3527%         0.1860%
   Rolling Six-month Pool Delinquency Rate                        0.4620%         0.2353%         0.1695%

   Prior Overcollateralization Amount                               0.00            0.00            0.00             0.00
   Specified Overcollateralization Amount                   2,161,032.93    2,174,666.96    2,266,243.04     6,601,942.94
   Overcollateralization Amount                                     0.00            0.00            0.00             0.00
   Overcollateralization Deficiency Amount                  2,161,032.93    2,174,666.96    2,266,243.04     6,601,942.94

   Overcollateralization Deficit                            1,820,733.63    1,765,779.35    1,733,728.18     5,320,241.16
   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                            0.00            0.00            0.00             0.00
   Cumulative Accelerated Principal Payment                         0.00            0.00            0.00             0.00

---------------------------------------------------------------------------------------------------------------------------
</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                                                                 566           2,163            2,621            5,350
   Prefunding                                                              -               -                -                -
   Scheduled Paid Offs                                                     -               -                -                -
   Full Voluntary Prepayments                                            (10)            (23)             (35)             (68)

   Repurchases                                                             -               -                -                -
   Liquidations                                                            -               -                -                -
------------------------------------------------------------------------------------------------------------------------------
   Current                                                               556           2,140            2,586            5,282
   Principal
   Balance:
   Original                                                    96,045,908.07   96,651,865.01   100,721,912.99   293,419,686.07
   Prior                                                       93,478,758.06   96,152,833.53   100,482,937.91   290,114,529.50
   Prefunding                                                   3,723,602.22    2,318,642.13     3,070,660.30     9,112,904.65
   Scheduled Principal                                           (258,612.96)    (251,958.79)     (245,010.85)     (755,582.60)
   Partial and Full Voluntary Prepayments                      (3,611,412.40)  (2,279,602.64)   (2,696,464.80)   (8,587,479.84)

   Repurchases                                                             -               -                -                -
------------------------------------------------------------------------------------------------------------------------------
   Liquidations                                                            -               -                -                -
   Current                                                     93,332,334.92   95,939,914.23   100,612,122.56   289,884,371.71
</TABLE>
<TABLE>
<CAPTION>
PREFUNDING                                                       POOL III        POOL II          POOL I           TOTAL
                                                               -------------   -------------   --------------   --------------
<S>                                                            <C>              <C>             <C>             <C>

                                                                            SPACE INTENTIONALLY LEFT BLANK
</TABLE>

<TABLE>
<CAPTION>

CHARACTERISTICS                                                  POOL III        POOL II          POOL I           TOTAL
                                                               -------------   -------------   --------------   --------------
<S>                                                            <C>              <C>             <C>             <C>

   Weighted Average Coupon Original                            7.491710%       7.985425%       8.355685%        7.950915%
   Weighted Average Coupon Prior                               7.491710%       7.985425%       8.355685%        7.950915%
   Weighted Average Coupon Current                             7.853720%       8.318279%       8.920488%        8.377171%
------------------------------------------------------------------------------------------------------------------------------
   Weighted Average Months to Maturity Original                     194             199             197              197
   Weighted Average Months to Maturity Prior                        194             199             197              197
   Weighted Average Months to Maturity Current                      193             198             195              195
------------------------------------------------------------------------------------------------------------------------------
   Weighted Avg Remaining Amortization Term Original                200             214             208              207
   Weighted Avg Remaining Amortization Term Prior                   200             214             208              207
   Weighted Avg Remaining Amortization Term Current                 200             214             207              207
------------------------------------------------------------------------------------------------------------------------------
   Weighted Average Seasoning Original                             2.84            2.88            3.04             2.93
   Weighted Average Seasoning Prior                                2.84            2.88            3.04             2.93
   Weighted Average Seasoning Current                              2.85            2.87            3.04             2.92
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Note:  Original information refers to deal issue.

<TABLE>
<CAPTION>

ARM CHARACTERISTIC                                               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                                      2.966%          2.411%           2.558%
    Weighted Average Margin Current                                    2.995%          2.402%           2.566%
------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                                17.703%         17.039%          17.227%
    Weighted Average Max Rate Prior                                   17.703%         17.039%          17.227%
</TABLE>

                                       11
<PAGE>

<TABLE>
<CAPTION>

ARM CHARACTERISTIC (CONT'D]                                      POOL III        POOL II          POOL I           TOTAL
                                                               -------------   -------------   --------------   --------------
<S>                                                            <C>              <C>             <C>             <C>

    Weighted Average Max Rate Current                                 17.704%         17.057%     17.239%
------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                                 6.606%          7.182%      7.837%
    Weighted Average Min Rate Prior                                    6.606%          7.182%      7.837%
    Weighted Average Min Rate Current                                  6.625%          7.172%      7.818%
------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Up Original
    Weighted Average Cap Up Prior
    Weighted Average Cap Up Current
------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Down Original
    Weighted Average Cap Down Prior
    Weighted Average Cap Down Current
</TABLE>
 Note:  Original information refers to deal issue.

<TABLE>
<CAPTION>

SERVICING FEES / ADVANCES                                        POOL III        POOL II          POOL I           TOTAL
                                                               -------------   -------------   --------------   --------------
<S>                                                            <C>              <C>             <C>             <C>
   TOTAL SERVICING FEE                                             38,949.48       40,063.68        41,867.89       120,881.05
</TABLE>

<TABLE>
<CAPTION>

SERVICING FEES / ADVANCES                                        POOL III        POOL II          POOL I           TOTAL
                                                               -------------   -------------   --------------   --------------
<S>                                                            <C>              <C>             <C>             <C>
                                                                            SPACE INTENTIONALLY LEFT BLANK

</TABLE>

                                       12
<PAGE>

<TABLE>
<CAPTION>
                                       Delinquency Report  - Total

                         CURRENT     1 PAYMENT    2  PAYMTS    3+  PAYMTS     TOTAL
<S>                      <C>         <C>          <C>          <C>          <C>

DELINQUENT  Balance                2,716,231.04   874,762.66   247,200.00   3,838,193.70
          % Balance                        0.94%        0.30%        0.09%          1.32%
          # Loans                            56           13            2             71
          % # Loans                        1.06%        0.25%        0.04%          1.34%
----------------------------------------------------------------------------------------
FORECLOSURE Balance            -              -            -   114,900.00     114,900.00
          % Balance         0.00%          0.00%        0.00%        0.04%          0.04%
          # Loans              -              -            -            3              3
          % # Loans         0.00%          0.00%        0.00%        0.06%          0.06%
----------------------------------------------------------------------------------------
BANKRUPTCY Balance     89,076.13              -            -            -      89,076.13
          % Balance         0.03%          0.00%        0.00%        0.00%          0.03%
          # Loans              2              -            -            -              2
          % # Loans         0.04%          0.00%        0.00%        0.00%          0.04%
----------------------------------------------------------------------------------------
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      89,076.13   2,716,231.04   874,762.66   362,100.00   4,042,169.83
          % Balance         0.03%          0.94%        0.30%        0.12%          1.39%
          # Loans              2             56           13            5             76
          % # Loans         0.04%          1.06%        0.25%        0.09%          1.44%
----------------------------------------------------------------------------------------
</TABLE>

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

                             CURRENT             1 PAYMENT            2  PAYMTS         3+  PAYMTS     TOTAL
<S>                          <C>                 <C>                <C>                <C>          <C>

DELINQUENT Balance                                    936,448.77        187,109.75            -   1,123,558.52
          % Balance                                        0.93%              0.19%        0.00%          1.12%
          # Loans                                            30                  5            -             35
          % # Loans                                        1.16%              0.19%        0.00%          1.35%
--------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance                        -                  -                  -    48,700.00      48,700.00
          % Balance                     0.00%              0.00%              0.00%        0.05%          0.05%
          # Loans                          -                  -                  -            1              1
          % # Loans                     0.00%              0.00%              0.00%        0.04%          0.04%

--------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance                  74,255.41                 -                  -            -      74,255.41
          % Balance                     0.07%              0.00%              0.00%        0.00%          0.07%
          # Loans                          1                  -                  -            -              1
          % # Loans                     0.04%              0.00%              0.00%        0.00%          0.04%
--------------------------------------------------------------------------------------------------------------
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                  74,255.41         936,448.77         187,109.75    48,700.00   1,246,513.93
          % Balance                     0.07%              0.93%              0.19%        0.05%          1.24%
          # Loans                          1                 30                  5            1             37
          % # Loans                     0.04%              1.16%              0.19%        0.04%          1.43%
--------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29 days, 1 Payment = 30-59 days, 2 Payments = 60-89 days, 3+ Payments = 90+
</TABLE>

                                       13
<PAGE>

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

                                 CURRENT           1 PAYMENT          2  PAYMTS      3+  PAYMTS       TOTAL
<S>                          <C>               <C>                <C>                <C>          <C>

DELINQUENT Balance                                    728,598.67         225,019.25    47,200.00   1,000,817.92
          % Balance                                         0.76%              0.23%        0.05%          1.04%
          # Loans                                             19                  6            1             26
          % # Loans                                         0.89%              0.28%        0.05%          1.21%
---------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance                         -                  -                  -    66,200.00      66,200.00
          % Balance                      0.00%              0.00%              0.00%        0.07%          0.07%
          # Loans                           -                  -                  -            2              2
          % # Loans                      0.00%              0.00%              0.00%        0.09%          0.09%
---------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance                  14,820.72                  -                  -            -      14,820.72
          % Balance                      0.02%              0.00%              0.00%        0.00%          0.02%
          # Loans                           1                  -                  -            -              1
          % # Loans                      0.05%              0.00%              0.00%        0.00%          0.05%
---------------------------------------------------------------------------------------------------------------
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                   14,820.72         728,598.67         225,019.25   113,400.00   1,081,838.64
          % Balance                      0.02%              0.76%              0.23%        0.12%          1.13%
          # Loans                           1                 19                  6            3             29
          % # Loans                      0.05%              0.89%              0.28%        0.14%          1.36%
---------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29 days, 1 Payment = 30-59 days, 2 Payments = 60-89 days, 3+Payments = 90+
</TABLE>

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

                                CURRENT          1 PAYMENT           2  PAYMTS      3+  PAYMTS       TOTAL
<S>                          <C>             <C>                 <C>                <C>          <C>

DELINQUENT Balance                                1,051,183.60         462,633.66   200,000.00   1,713,817.26
          % Balance                                       1.13%              0.50%        0.21%          1.84%
          # Loans                                            7                  2            1             10
          % # Loans                                       1.26%              0.36%        0.18%          1.80%
--------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance                      -                   -                  -            -              -
          % Balance                   0.00%               0.00%              0.00%        0.00%          0.00%
          # Loans                        -                   -                  -            -              -
          % # Loans                   0.00%               0.00%              0.00%        0.00%          0.00%
--------------------------------------------------------------------------------------------------------------
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                        -        1,051,183.60         462,633.66   200,000.00   1,713,817.26
          % Balance                   0.00%               1.13%              0.50%        0.21%          1.84%
          # Loans                        -                   7                  2            1             10
          % # Loans                   0.00%               1.26%              0.36%        0.18%          1.80%
-------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29 days, 1 Payment =30-59 days, 2 Payments = 60-89 days, 3+Payments = 90+
</TABLE>

                                       14
<PAGE>
   REO Report -  Mortgage Loans that Become REO During Current Distribution
<TABLE>
<CAPTION>

SUMMARY                                                          LOAN GROUP
<S>                                                           <C>

Total Loan Count =   0                                        Loan Group 1 =  Pool I Group; REO Book Value =  000.00
Total Original Principal Balance =   000.00                   Loan Group 2 =  Pool II Group; REO Book Value  = 000.00
Total Current Balance =   000.00                              Loan Group 3 =  Pool III Group; REO Book Value  = 000.00
REO Book Value =   000.00                                     Loan Group 3 =  Pool III Group;  REO Book Value  = 000.00
-----------------------------------------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
</TABLE>

<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>

                                       15
<PAGE>
                  Prepayment Report  - Voluntary Prepayments
<TABLE>
<CAPTION>

VOLUNTARY PREPAYMENTS                                            POOL III        POOL II        POOL I          TOTAL
<S>                                                            <C>             <C>            <C>            <C>
   Current
   Number of Paid in Full Loans                                         10             23             35              68
   Number of Repurchased Loans                                           -              -              -               -
--------------------------------------------------------------------------------------------------------------------------
   Total Number of Loans Prepaid in Full                                10             23             35              68

   Paid in Full Balance                                       1,554,918.21   1,288,139.96   1,357,405.63    4,200,463.80
   Repurchased Loans Balance                                             -              -              -               -
   Curtailments Amount                                        2,056,494.19     991,462.68   1,339,059.17    4,387,016.04
--------------------------------------------------------------------------------------------------------------------------
   Total Prepayment Amount                                    3,611,412.40   2,279,602.64   2,696,464.80    8,587,479.84

   Cumulative
   Number of Paid in Full Loans                                         27             48             78             153
   Number of Repurchased Loans                                           -              -              -               -
--------------------------------------------------------------------------------------------------------------------------
   Total Number of Loans Prepaid in Full                                27             48             78             153

   Paid in Full Balance                                       5,315,678.31   2,747,845.62   3,192,256.00   11,255,779.93
   Repurchased Loans Balance                                             -              -              -               -
   Curtailments Amount                                        5,000,644.39   2,363,216.84   3,049,806.57   10,413,667.80
--------------------------------------------------------------------------------------------------------------------------
   Total Prepayment Amount                                   10,316,322.70   5,111,062.46   6,242,062.57   21,669,447.73

                                                                           SPACE INTENTIONALLY LEFT BLANK

</TABLE>

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                        POOL III        POOL II          POOL I           TOTAL
<S>                                                              <C>             <C>             <C>             <C>
   SMM                                                                  3.87%           2.38%           2.69%            2.97%
   3 Months Avg SMM
   12 Months Avg SMM
   Avg SMM Since Cut-off                                                5.45%           2.66%           3.11%            3.72%

   CPR                                                                 37.76%          25.08%          27.91%           30.34%
   3 Months Avg CPR
   12 Months Avg CPR
   Avg CPR Since Cut-off                                               48.95%          27.62%          31.56%           36.57%

   PSA                                                               6625.09%        4362.03%        4585.47%         5186.19%
   3 Months Avg PSA Approximation
   12 Months Avg PSA Approximation
   Avg PSA Since Cut-off Approximation                               8597.73%        4799.37%        5184.89%         6250.13%
</TABLE>

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

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

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

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

                                       16
<PAGE>

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.

                                         17
<PAGE>

<TABLE>
<CAPTION>

                                                                        Realized Loss Report -  Collateral

COLLATERAL REALIZED LOSSES                                        POOL III        POOL II          POOL I           TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>             <C>             <C>             <C>

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

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

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

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

   Cumulative Losses as % of Current Balance                          0.0000%         0.0000%         0.0000%          0.0000%
</TABLE>

<TABLE>
<CAPTION>

DEFAULT SPEEDS                                                    POOL III        POOL II          POOL I           TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>              <C>             <C>              <C>
   MDR                                                                  0.00%           0.00%           0.00%            0.00%
   3 Months Avg MDR
   12 Months Avg MDR
   Avg MDR Since Cut-off                                                0.00%           0.00%           0.00%            0.00%

   CDR                                                                  0.00%           0.00%           0.00%            0.00%
   3 Months Avg CDR
   12 Months Avg CDR
   Avg CDR Since Cut-off                                                0.00%           0.00%           0.00%            0.00%

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

   Loss Severity Approximation for Current Period
   3 Months Avg Loss Severity Approximation
   12 Months Avg Loss Severity Approximation
   Avg Loss Severity Approximation Since Cut-off
 </TABLE>

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

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

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

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

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

                                       18
<PAGE>

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.

                                       19
<PAGE>

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

SUMMARY                                                           LOAN GROUP
-----------------------------------------------                   ---------------------------------
<S>                                                               <C>
Total Loan Count =   0                                            Loan Group 1 = Pool I Group
Total Original Principal Balance =   0.00                         Loan Group 2 = Pool II Group
Total Prior Principal Balance =   0.00                            Loan Group 3 = Pool III Group
Total Realized Loss Amount =   0.00                               Loan Group 3 = Pool III Group
Total Net Liquidation Proceeds =   0.00
</TABLE>

<TABLE>
<CAPTION>

<S>                    <C>       <C>          <C>        <C>          <C>      <C>          <C>       <C>
    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

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                        SPACE INTENTIONALLY LEFT BLANK

                                       20
<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              1              -               2
   Balance of Mort. Loans Delinq. 90-119 days                     200,000.00      47,200.00           0.00      247,200.00
   Number of Mort. Loans Delinq. 120-149 days                              -              -              -               -
   Balance of Mort. Loans Delinq. 120-149 days                          0.00           0.00           0.00            0.00
   Number of Mort. Loans Delinq. 150-179 days                              -              -              -               -
   Balance of Mort. Loans Delinq. 150-179 days                          0.00           0.00           0.00            0.00
   Number of Mort. Loans Delinq. 180 days or more                          -              -              -               -
   Balance of Mort. Loans Delinq. 180 days or more                      0.00           0.00           0.00            0.00

   Management Fee Accrued and Unpaid                                  327.34         329.40         343.26        1,000.00
</TABLE>

                                       21

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