8-K 1 d7062429.txt OPTION ONE MORTGAGE ACCEPTANCE CORPORATION ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 6, 2001 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION (AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT, DATED AS OF APRIL 1, 2001, PROVIDING FOR THE ISSUANCE OF ASSET-BACKED CERTIFICATES, SERIES 2001-2) Option One Mortgage Acceptance Corporation ------------------------------------------ (Exact name of registrant as specified in its charter) -------------------------------------------------------------------------------- Delaware 333-96403 33-0727357 -------- --------- ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification Number) 3 Ada Irvine, California 92618 ------------------ ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (949) 790-8100 ================================================================================ -2- Item 2. Acquisition or Disposition of Assets ------------------------------------ Description of the Certificates and the Mortgage Pool On April 26, 2001, a single series of certificates, entitled Option One Mortgage Loan Trust, Asset-Backed Certificates, Series 2001-2 (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of April 1, 2001 (the "Agreement"), attached hereto as Exhibit 4.1, among Option Mortgage Acceptance Corporation as depositor (the "Depositor"), Option One Mortgage Corporation ("Option One") as master servicer (the "Master Servicer") and Wells Fargo Bank Minnesota, N.A. as trustee (the "Trustee"). The Certificates consist of seven classes of certificates (collectively, the "Certificates"), designated as the "Class A Certificates", "Class M-1 Certificates", "Class M-2 Certificates", "Class M-3 Certificates", "Class C Certificates", "Class P Certificates" and "Class R Certificates". The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting of a pool of mortgage loans (the "Mortgage Pool") of conventional, one- to four- family, adjustable rate, first lien mortgage loans having original terms to maturity up to 30 years (the "Mortgage Loans"). The Mortgage Pool consist of Mortgage Loans having an aggregate principal balance of $183,112,307 as of April 1, 2001 (the "Cut-off Date"). The Mortgage Loans were purchased pursuant to (i) the Mortgage Loan Purchase Agreements, dated April 23, 2001, among Option One, Option One Owner Trust 2001-1A and Option One Owner Trust 2001-2, as applicable, as sellers and the Depositor (the "Mortgage Loan Purchase Agreements") and (ii) the Mortgage Loan Purchase Agreement, dated April 23, 2001, between Option One and the Depositor (the "Option One Purchase Agreement"). The Class A Certificates, the Class M-1 Certificates, the Class M-2 Certificates and the Class M-3 Certificates were sold by the Depositor to Greenwich Capital Markets, Inc. (the "Underwriter"), pursuant to an Underwriting Agreement, dated April 23, 2001 (the "Underwriting Agreement") among the Depositor, Option One and the Underwriter. The Certificates have the following initial Certificate Balances and Pass-Through Rates: Initial Certificate Class Principal Balance or Pass-Through Rate ----- Notional Amount ----------------- --------------- A $247,500,000 Variable M-1 $ 11,688,000 Variable M-2 $ 6,875,000 Variable M-3 $ 5,500,000 Variable C $ 3,436,900 Variable P $ 100 N/A -3- Initial Certificate Class Principal Balance or Pass-Through Rate ----- Notional Amount ----------------- --------------- The Certificates, other than the Class C Certificates, the Class P Certificates and the Class R Certificates, and the Mortgage Loans are more particularly described in the Prospectus, dated April 23, 2001, and the Prospectus Supplement, dated April 23, 2001, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class C Certificates, the Class P Certificates and the Class R Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement. Item 7. Financial Statements and Exhibits --------------------------------- (a) Not applicable (b) Not applicable (c) Exhibits Exhibit No. Description ----------- ----------- 4.1 Pooling and Servicing Agreement, dated as of April 1, 2001, by and among Option One Mortgage Acceptance Corporation as Depositor, Option One Mortgage Corporation as Master Servicer and Wells Fargo Bank Minnesota, N.A. as Trustee, relating to the Series 2001-2 Certificates. -4- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: April 30, 2001 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION By: /s/Rod Colombi -------------- Name: Rod Colombi Title: Vice President

~~Option~~Index ~~One~~to ~~Mortgage~~Exhibits ~~Loan Trust Mortgage Pass~~-~~Through Certificates Record Date: 4/30/01 Distribution Date: 5/25/01 OOMC Series: 2001~~-~~2 Contact: Customer Service~~ --------------- ~~CTSLink~~Sequentially ~~Wells~~Exhibit ~~Fargo Bank Minnesota, N~~No.A. ~~Securities~~Description ~~Administration~~Numbered ~~Services~~Page ~~7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815~~-~~6600~~---------- ~~Fax: (301) 846~~-~~8152~~---------- ~~Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass~~-~~Through~~------------ ~~Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 68389FBN3 SEN~~ 4.~~73125% 247,500,000.00 943,292.97 537,771.87 M-~~1 ~~68389FBP8~~Pooling ~~MEZ~~and ~~5.12125%~~Servicing 11Agreement,~~688,000.00~~ ~~48,218.27~~dated ~~0.00~~as ~~M-2~~of ~~68389FBQ6~~7 ~~MEZ~~April ~~5.52125% 6~~1,~~875,000.00~~ 302001,~~577.76~~ ~~0.00~~by ~~M-3~~and ~~68389FBR4~~among ~~MEZ~~Option ~~6.47125%~~One ~~5,500,000.00~~Mortgage ~~28,671.23~~Acceptance ~~0.00~~Corporation Cas ~~OPT01002C JUN 0.00000% 3~~Depositor,~~436,900.00~~ ~~697,017.17~~Option ~~0.00~~One ~~R-1~~Mortgage ~~OPT0102R1~~Corporation ~~RES~~as ~~0.00000%~~Master ~~0.00~~Servicer ~~0.00~~and ~~0.00~~Wells ~~R-2~~Fargo ~~OPT0102R2~~Bank ~~RES~~Minnesota, 0N.~~00000% 0~~A.00 ~~0.00~~as ~~0.00~~Trustee Prelating ~~OPT01002P~~to ~~JUN~~the ~~0.00000%~~Series ~~100.00~~2001-2 ~~9,058~~Certificates.~~44 0.00 Totals 275,000,000.00 1,756,835.84 537,771.87~~

Exhibit 4.1

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 246,962,228.13 1,481,064.84 0.00 M-1 0.00 11,688,000.00 48,218.27 0.00 M-2 0.00 6,875,000.00 30,577.76 0.00 M-3 0.00 5,500,000.00 28,671.23 0.00 C 0.00 3,436,900.00 697,017.17 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 P 0.00 100.00 9,058.44 0.00 Totals 0.00 274,462,228.13 2,294,607.71 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 247,500,000.00 247,500,000.00 0.00 537,771.87 0.00 0.00 M-1 11,688,000.00 11,688,000.00 0.00 0.00 0.00 0.00 M-2 6,875,000.00 6,875,000.00 0.00 0.00 0.00 0.00 M-3 5,500,000.00 5,500,000.00 0.00 0.00 0.00 0.00 C 3,436,900.00 3,436,900.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 275,000,000.00 275,000,000.00 0.00 537,771.87 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 537,771.87 246,962,228.13 0.99782718 537,771.87 M-1 0.00 11,688,000.00 1.00000000 0.00 M-2 0.00 6,875,000.00 1.00000000 0.00 M-3 0.00 5,500,000.00 1.00000000 0.00 C 0.00 3,436,900.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 537,771.87 274,462,228.13 0.99804447 537,771.87

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 247,500,000.00 1000.00000000 0.00000000 2.17281564 0.00000000 M-1 11,688,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 6,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 5,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 3,436,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 2.17281564 997.82718436 0.99782718 2.17281564 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 247,500,000.00 4.73125% 247,500,000.00 943,292.97 0.00 0.00 M-1 11,688,000.00 5.12125% 11,688,000.00 48,218.28 0.00 0.00 M-2 6,875,000.00 5.52125% 6,875,000.00 30,577.76 0.00 0.00 M-3 5,500,000.00 6.47125% 5,500,000.00 28,671.23 0.00 0.00 C 3,436,900.00 0.00000% 3,436,900.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 275,000,000.00 1,050,760.24 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 943,292.97 0.00 246,962,228.13 M-1 0.00 0.00 48,218.27 0.00 11,688,000.00 M-2 0.00 0.00 30,577.76 0.00 6,875,000.00 M-3 0.00 0.00 28,671.23 0.00 5,500,000.00 C 0.00 0.00 697,017.17 0.00 3,436,900.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 9,058.44 0.00 100.00 Totals 0.00 0.00 1,756,835.84 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 247,500,000.00 4.73125% 1000.00000000 3.81128473 0.00000000 0.00000000 M-1 11,688,000.00 5.12125% 1000.00000000 4.12545175 0.00000000 0.00000000 M-2 6,875,000.00 5.52125% 1000.00000000 4.44767418 0.00000000 0.00000000 M-3 5,500,000.00 6.47125% 1000.00000000 5.21295091 0.00000000 0.00000000 C 3,436,900.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 3.81128473 0.00000000 997.82718436 M-1 0.00000000 0.00000000 4.12545089 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.44767418 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 5.21295091 0.00000000 1000.00000000 C 0.00000000 0.00000000 202.80402979 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 90584.40000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2,490,500.81 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Total Deposits 2,490,500.81 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 195,893.10 Payment of Interest and Principal 2,294,607.71 Total Withdrawals (Pool Distribution Amount) 2,490,500.81 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 88,426.17 Wells Fargo 1,489.58 PMI Fee 105,977.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 195,893.10

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.59 0.59 1,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 2 0 4 630,200.00 0.00 859,200.00 0.00 1,489,400.00 60 Days 1 0 0 0 1 352,000.00 0.00 0.00 0.00 352,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 2 0 5 982,200.00 0.00 859,200.00 0.00 1,841,400.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.317460% 0.000000% 0.317460% 0.000000% 0.634921% 0.286515% 0.000000% 0.390627% 0.000000% 0.677142% 60 Days 0.158730% 0.000000% 0.000000% 0.000000% 0.158730% 0.160034% 0.000000% 0.000000% 0.000000% 0.160034% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.476190% 0.000000% 0.317460% 0.000000% 0.793651% 0.446548% 0.000000% 0.390627% 0.000000% 0.837175%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 2 0 4 630,200.00 0.00 859,200.00 0.00 1,489,400.00 60 Days 1 0 0 0 1 352,000.00 0.00 0.00 0.00 352,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 2 0 5 982,200.00 0.00 859,200.00 0.00 1,841,400.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.030303% 0.000000% 3.030303% 0.000000% 6.060606% 3.058214% 0.000000% 4.169498% 0.000000% 7.227712% 60 Days 1.515152% 0.000000% 0.000000% 0.000000% 1.515152% 1.708174% 0.000000% 0.000000% 0.000000% 1.708174% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.545455% 0.000000% 3.030303% 0.000000% 7.575758% 4.766389% 0.000000% 4.169498% 0.000000% 8.935887% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 9.229314% Weighted Average Net Coupon 8.748017% Weighted Average Pass-Through Rate 8.163084% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 634 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 630 Beginning Scheduled Collateral Balance 275,000,000.00 Ending Scheduled Collateral Balance 219,932,217.02 Ending Actual Collateral Balance at 30-Apr-2001 219,953,937.01 Monthly P &I Constant 2,062,124.61 Ending Scheduled Balance for Premium Loans 219,932,217.02 Scheduled Principal 109,395.71 Unscheduled Principal 428,376.16 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,436,900.00 Overcollateralized Amount 3,436,900.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 697,017.17

Prepayment Penalties $9,058.44 Credit Enhancement % 8.345188321% Net WAC CarryOver Amount $0.00 Step Down Date Not Occurred Trigger Event Not Occurred PMI Payments During Pre Payment Period $0.00 Cummulative PMI Payments $0.00 PMI Claims Denied During Pre Payment Period $0.00 Cummulative PMI Claims Denied $0.00

Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & ARM Weighted Average Coupon Rate 9.365542 10.759385 9.229314 Weighted Average Net Rate 8.303589 9.692712 8.748017 Weighted Average Maturity 351.00 351.00 351.00 Beginning Loan Count 67 567 634 Loans Paid In Full 1 3 4 Ending Loan Count 66 564 630 Beginning Scheduled Balance 20,695,948.23 199,774,040.66 220,469,988.89 Ending scheduled Balance 20,605,214.70 199,327,002.32 219,932,217.02 Record Date 04/30/2001 04/30/2001 04/30/2001 Principal And Interest Constant 175,349.28 1,886,775.33 2,062,124.61 Scheduled Principal 13,825.30 95,570.41 109,395.71 Unscheduled Principal 76,908.23 351,467.93 428,376.16 Scheduled Interest 161,523.98 1,791,204.92 1,952,728.90 Servicing Fees 8,481.64 79,944.53 88,426.17 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 112.12 1,377.46 1,489.58 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 9,721.34 96,256.01 105,977.35 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 143,208.88 1,613,626.92 1,756,835.80 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00

Filing Compare · ASSET BACKED CERTIFICATES SERIES 2001-2