8-K 1 opt01001.txt MAY 8K UNITED STATES 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): May 25, 2001 OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-14625-07 Pooling and Servicing Agreement) (Commission (State or other File Number) 52-2289264 jurisdiction 52-2289263 of Incorporation) IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, Maryland 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On May 25, 2001 a distribution was made to holders of OPTION ONE MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2001-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2001-1 Trust, relating to the May 25, 2001 distribution. 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 hereunto duly authorized. OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2001-1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Sherri Sharps, Vice President By: Sherri Sharps, Vice President Date: 6/4/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2001-1 Trust, relating to the May 25, 2001 distribution. EX-99.1

Option One Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 34/3130/01 Distribution Date: 45/25/01 OOMC Series: 2001-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 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 68389FBJ2 SEN 54.~~30000~~75625% 114,~~920~~540,~~894~~999.0018 ~~507~~453,~~567~~988.2801 ~~379~~61,~~894~~550.8286 M-1 68389FBK9 SEN 5.~~70000~~15625% 6,825,000.00 3229,~~418~~326.7517 0.00 M-2 68389FBL7 SEN 65.~~12000~~57625% 4,550,000.00 2321,~~205~~143.0028 0.00 M-3 68389FBM5 SEN 76.~~05000~~50625% 1,625,000.00 98,~~546~~810.8855 0.00 C OPT01001C JUN 0.00000% 1,300,000.00 ~~443~~492,~~460~~393.2634 0.00 R-1 OPT0101R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0101R2 RES 0.00000% 0.00 0.00 0.00 P OPT01000P Pre_Pay 0.00000% 100.00 ~~6,330~~0.0400 0.00 Totals ~~129~~128,~~220~~841,~~994~~099.0018 1,~~022~~005,~~528~~661.2135 ~~379~~61,~~894~~550.8286

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 114,~~540~~479,~~999~~448.1832 ~~887~~515,~~462~~538.1087 0.00 M-1 0.00 6,825,000.00 3229,~~418~~326.7517 0.00 M-2 0.00 4,550,000.00 2321,~~205~~143.0028 0.00 M-3 0.00 1,625,000.00 98,~~546~~810.8855 0.00 C 0.00 1,300,000.00 ~~443~~492,~~460~~393.2634 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 ~~6,330~~0.0400 0.00 Totals 0.00 128,~~841~~779,~~099~~548.1832 1,~~402~~067,~~423~~212.0321 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 115,700,000.00 114,~~920~~540,~~894~~999.0018 0.00 ~~379~~61,~~894~~550.8286 0.00 0.00 M-1 6,825,000.00 6,825,000.00 0.00 0.00 0.00 0.00 M-2 4,550,000.00 4,550,000.00 0.00 0.00 0.00 0.00 M-3 1,625,000.00 1,625,000.00 0.00 0.00 0.00 0.00 C 1,299,900.00 1,300,000.00 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 130,000,000.00 ~~129~~128,~~220~~841,~~994~~099.0018 0.00 ~~379~~61,~~894~~550.8286 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 ~~379~~61,~~894~~550.8286 114,~~540~~479,~~999~~448.1832 0.~~98998271~~98945072 ~~379~~61,~~894~~550.8286 M-1 0.00 6,825,000.00 1.00000000 0.00 M-2 0.00 4,550,000.00 1.00000000 0.00 M-3 0.00 1,625,000.00 1.00000000 0.00 C 0.00 1,300,000.00 1.00007693 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 ~~379~~61,~~894~~550.8286 128,~~841~~779,~~099~~548.1832 0.~~99108538~~99061191 ~~379~~61,~~894~~550.8286

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 115,700,000.00 ~~993~~989.~~26615385~~98270683 0.00000000 30.~~28344702~~53198669 0.00000000 M-1 6,825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 4,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 1,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 1,299,900.00 1000.07692899 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

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 30.~~28344702~~53198669 989.~~98270683~~45072014 0.~~98998271~~98945072 30.~~28344702~~53198669 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 1,000.07692899 1.00007693 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 115,700,000.00 54.3075625% 114,~~920~~540,~~894~~999.0018 ~~507~~453,~~567~~988.2802 0.00 0.00 M-1 6,825,000.00 5.7015625% 6,825,000.00 3229,~~418~~326.7517 0.00 0.00 M-2 4,550,000.00 65.1257625% 4,550,000.00 2321,~~205~~143.0028 0.00 0.00 M-3 1,625,000.00 76.0550625% 1,625,000.00 98,~~546~~810.8855 0.00 0.00 C 1,299,900.00 0.0000000% 1,300,000.00 0.00 0.00 0.00 R-1 0.00 0.0000000% 0.00 0.00 0.00 0.00 R-2 0.00 0.0000000% 0.00 0.00 0.00 0.00 P 100.00 0.0000000% 100.00 0.00 0.00 0.00 Totals 130,000,000.00 ~~572~~513,~~737~~268.9102 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 0.0001 0.00 ~~507~~453,~~567~~988.2801 0.00 114,~~540~~479,~~999~~448.1832 M-1 0.00 0.00 3229,~~418~~326.7517 0.00 6,825,000.00 M-2 0.00 0.00 2321,~~205~~143.0028 0.00 4,550,000.00 M-3 0.00 0.00 98,~~546~~810.8855 0.00 1,625,000.00 C 0.00 0.00 ~~443~~492,~~460~~393.2634 0.00 1,300,000.00 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 ~~6,330~~0.0400 0.00 100.00 Totals 0.0001 0.00 1,~~022~~005,~~528~~661.2135 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 115,700,000.00 54.~~30000~~75625% ~~993~~989.~~26615385~~98270683 43.~~38692550~~92383768 0.00000000 0.00000000 M-1 6,825,000.00 5.~~70000~~15625% 1000.00000000 4.~~75000000~~29687473 0.00000000 0.00000000 M-2 4,550,000.00 65.~~12000~~57625% 1000.00000000 54.~~10000000~~64687473 0.00000000 0.00000000 M-3 1,625,000.00 76.~~05000~~50625% 1000.00000000 5.~~87500308~~42187692 0.00000000 0.00000000 C 1,299,900.00 0.00000% 1000.07692899 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) Per $1 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~~00000009 0.00000000 43.~~38692550~~92383760 0.00000000 989.~~98270683~~45072014 M-1 0.00000000 0.00000000 4.~~75000000~~29687473 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 54.~~10000000~~64687473 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 5.~~87500308~~42187692 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~341~~378.~~14951919~~79324563 0.00000000 1000.07692899 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 ~~63300~~0.~~40000000~~00000000 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 1,~~508~~172,~~332~~097.0338 Liquidations, Insurance Proceeds, Reserve Funds 43.1874 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Total Deposits 1,~~508~~172,~~336~~101.2112 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~105~~104,~~913~~888.1991 Payment of Interest and Principal 1,~~402~~067,~~423~~212.0221 Total Withdrawals (Pool Distribution Amount) 1,~~508~~172,~~336~~101.2112 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 53,~~840~~683.9878 Trustee Fee ~~1,539~~696.9730 Radian PMI Policy Fee 50,~~532~~508.2483 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~105~~104,~~913~~888.1991

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 43.1874 43.1874 1,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT ~~DELINQUENCY STATUS~~ 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 45 0 0 45 ~~646~~984,~~256~~844.1619 0.00 0.00 ~~646~~984,~~256~~844.1619 30 Days 87 0 10 0 97 1,~~910~~345,~~592~~078.6205 0.00 ~~93,672~~0.1600 0.00 21,~~004~~345,~~264~~078.7805 60 Days 12 10 104 0 126 ~~299~~417,~~561~~694.4870 ~~44,745~~0.5400 1760,~~923,925~~452.8317 0.00 21,~~268~~178,~~232~~146.8587 90 Days 0 1 010 0 11 0.00 ~~1 196~~44,~~625~~727.2307 02,079,288.0059 0.00 ~~0.00 196~~2,~~625~~124,015.2366 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 109 56 1114 0 2629 21,~~406~~762,~~779~~772.3375 ~~691~~1,~~001~~029,571.7026 2,~~017~~839,~~597~~740.9976 0.00 5,~~115~~632,~~379~~084.0277 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 01.~~956938~~196172% 0.000000% 0.000000% 01.~~956938~~196172% 0.~~501499~~764602% 0.000000% 0.000000% 0.~~501499~~764602% 30 Days 1.~~913876~~674641% 0.000000% 0.~~239234~~000000% 0.000000% 21.~~153110~~674641% 1.~~482631~~044276% 0.000000% 0.~~072690~~000000% 0.000000% 1.~~555322~~044276% 60 Days 0.~~239234~~478469% 0.~~239234~~000000% 20.~~392344~~956938% 0.000000% 21.~~870813~~435407% 0.~~232462~~324285% 0.~~034723~~000000% 10.~~492978~~590391% 0.000000% 10.~~760162~~914676% 90 Days 0.~~239234~~000000% 0.~~000000~~239234% 02.~~000000~~392344% 0.000000% 02.~~239234~~631579% 0.~~152582~~000000% 0.~~000000~~034725% 01.~~000000~~614294% 0.000000% 01.~~152582~~649019% 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 2.~~392344~~153110% 1.~~196172~~435407% 23.~~631579~~349282% 0.000000% 6.~~220096~~937799% 1.~~867675~~368562% 0.~~536222~~799327% 12.~~565668~~204686% 0.000000% 34.~~969565~~372574%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total ~~Group~~ 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 45 0 0 45 ~~646~~984,~~256~~844.1619 0.00 0.00 ~~646~~984,~~256~~844.1619 30 Days 87 0 10 0 97 1,~~910~~345,~~592~~078.6205 0.00 ~~93,672~~0.1600 0.00 21,~~004~~345,~~264~~078.7805 60 Days 12 10 104 0 126 ~~299~~417,~~561~~694.4870 ~~44,745~~0.5400 1760,~~923,925~~452.8317 0.00 21,~~268~~178,~~232~~146.8587 90 Days 0 1 010 0 11 0.00 ~~1 196~~44,~~625~~727.2307 02,079,288.0059 0.00 ~~0.00 196~~2,~~625~~124,015.2366 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 109 56 1114 0 2629 21,~~406~~762,~~779~~772.3375 ~~691~~1,~~001~~029,571.7026 2,~~017~~839,~~597~~740.9976 0.00 5,~~115~~632,~~379~~084.0277 0-29 Days 68.~~896552~~620690% 0.000000% 0.000000% 68.~~896552~~620690% 46.~~386137~~687926% 0.000000% 0.000000% 46.~~386137~~687926% 30 Days 1312.~~793103~~068966% 0.000000% 10.~~724138~~000000% 0.000000% 1512.~~517241~~068966% 129.~~967182~~134218% 0.000000% 0.~~635752~~000000% 0.000000% 139.~~602934~~134218% 60 Days 13.~~724138~~448276% 10.~~724138~~000000% 176.~~241379~~896552% 0.000000% 2010.~~689655~~344828% 2.~~033122~~836501% 0.~~303688~~000000% 135.~~057674~~164114% 0.000000% 158.~~394484~~000614% 90 Days 10.~~724138~~000000% 01.~~000000~~724138% 017.~~000000~~241379% 0.000000% 118.~~724138~~965517% 10.~~334494~~000000% 0.~~000000~~303735% 014.~~000000~~120129% 0.000000% 114.~~334494~~423864% 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 1715.~~241379~~517241% 810.~~620690~~344828% 1824.~~965517~~137931% 0.000000% 4450.~~827586~~000000% 1611.~~334799~~970719% 46.~~689825~~991660% 1319.~~693427~~284243% 0.000000% 3438.~~718050~~246623% DELINQUENT BANKRUPTCY FORECLOSURE REO Total ~~Group~~ 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 6283,~~450~~700.1157

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 10.~~349715~~343441% Weighted Average Net Coupon 9.~~849716~~370010% Weighted Average Pass-Through Rate 9.~~377442~~843440% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count ~~415~~418 Number Of Loans Paid In Full ~~(3)~~0 Ending Scheduled Collateral Loan Count 418 Beginning Scheduled Collateral Balance 128,~~390~~841,~~722~~099.0918 Ending Scheduled Collateral Balance 128,~~841~~779,~~099~~548.1832 Ending Actual Collateral Balance at 3130-~~Mar~~Apr-2001 128,~~864~~804,~~972~~787.6316 Monthly P &I Constant 1,~~172~~169,~~571~~155.5797 Ending Scheduled Balance for Premium Loans 128,~~841~~779,~~099~~548.1832 Scheduled Principal 58,~~094~~605.4076 Unscheduled Principal ~~321~~2,~~800~~945.4210 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,300,000.00 Overcollateralized Amount 1,300,000.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~443~~492,~~460~~393.2634

Pre-Funding Acct Begin Bal 834,718.73 Pre-Funding Acct Dist Amount 824,087.00 Pre-Funding Acct End Bal 10,631.73 Interest Coverage Acct Begin Bal 0.00 Interest Coverage Acct Dist Amount 7,629.93 Interest Coverage Acct Release to Serv 0.00 Interest Coverage Acct End Bal 0.00 Additional Trustee Fee for February 455.19 Additional Trustee Fee for March 381.13 Trustee fee for April 703.65

Filing Compare · OPTION ONE MORT ACCEP CORP ASSET BACKED CERT SER 2001-1