8-K 1 opt01001.txt JULY 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): July 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 July 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 July 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/ Beth Belfield, officer By: Beth Belfield, Officer Date: 8/7/01 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 July 25, 2001 distribution. EX-99.1

Option One Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 56/3130/01 Distribution Date: 67/25/01 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) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 68389FBJ2 SEN 4.~~33875~~05500% ~~114~~112,~~479~~498,~~448~~069.3201 ~~427~~380,~~711~~149.9172 1,~~981~~748,~~379~~296.3160 M-1 68389FBK9 SEN 4.~~73875~~45500% 6,825,000.00 2725,~~850~~337.0381 0.00 M-2 68389FBL7 SEN 54.~~15875~~87500% 4,550,000.00 2018,~~212~~484.2738 0.00 M-3 68389FBM5 SEN 65.~~08875~~80500% 1,625,000.00 87,~~520~~860.0294 0.00 C OPT01001C JUN 0.00000% 1,300,000.00 ~~520~~557,~~898~~103.9881 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~~Pre_Pa 0.00000% 100.00 6749,~~895~~118.8084 0.00 Totals ~~128~~126,~~779~~798,~~548~~169.3201 1,~~073~~038,~~089~~055.0150 1,~~981~~748,~~379~~296.3160

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~112~~110,~~498~~749,~~069~~772.0141 2,~~409~~128,~~091~~446.2232 0.00 M-1 0.00 6,825,000.00 2725,~~850~~337.0381 0.00 M-2 0.00 4,550,000.00 2018,~~212~~484.2738 0.00 M-3 0.00 1,625,000.00 87,~~520~~860.0294 0.00 C 0.00 1,300,000.00 ~~520~~557,~~898~~103.9881 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 6749,~~895~~118.8084 0.00 Totals 0.00 ~~126~~125,~~798~~049,~~169~~872.0141 32,~~054~~786,~~468~~352.3210 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~~112,~~479~~498,~~448~~069.3201 0.00 1,~~981~~748,~~379~~296.3160 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 ~~128~~126,~~779~~798,~~548~~169.3201 0.00 1,~~981~~748,~~379~~296.3160 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 1,~~981~~748,~~379~~296.3160 ~~112~~110,~~498~~749,~~069~~772.0141 0.~~97232557~~95721497 1,~~981~~748,~~379~~296.3160 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 1,~~981~~748,~~379~~296.3160 ~~126~~125,~~798~~049,~~169~~872.0141 0.~~97537053~~96192210 1,~~981~~748,~~379~~296.3160

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 115,700,000.00 ~~989~~972.~~45072014~~32557485 0.00000000 1715.~~12514529~~11060156 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 1715.~~12514529~~11060156 ~~972~~957.~~32557485~~21497329 0.~~97232557~~95721497 1715.~~12514529~~11060156 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 4.~~33875~~05500% ~~114~~112,~~479~~498,~~448~~069.3201 ~~427~~380,~~711~~149.9172 0.00 0.00 M-1 6,825,000.00 4.~~73875~~45500% 6,825,000.00 2725,~~850~~337.0381 0.00 0.00 M-2 4,550,000.00 54.~~15875~~87500% 4,550,000.00 2018,~~212~~484.2738 0.00 0.00 M-3 1,625,000.00 65.~~08875~~80500% 1,625,000.00 87,~~520~~860.0294 0.00 0.00 C 1,299,900.00 0.00000% 1,300,000.00 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 130,000,000.00 ~~484~~431,~~294~~832.2385 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 ~~427~~380,~~711~~149.9172 0.00 ~~112~~110,~~498~~749,~~069~~772.0141 M-1 0.00 0.00 2725,~~850~~337.0381 0.00 6,825,000.00 M-2 0.00 0.00 2018,~~212~~484.2738 0.00 4,550,000.00 M-3 0.00 0.00 87,~~520~~860.0294 0.00 1,625,000.00 C 0.00 0.00 ~~520~~557,~~898~~103.9881 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 6749,~~895~~118.8084 0.00 100.00 Totals 0.00 0.00 1,~~073~~038,~~089~~055.0150 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 4.~~33875~~05500% ~~989~~972.~~45072014~~32557485 3.~~69673215~~28565013 0.00000000 0.00000000 M-1 6,825,000.00 4.~~73875~~45500% 1000.00000000 43.~~08059048~~71249963 0.00000000 0.00000000 M-2 4,550,000.00 54.~~15875~~87500% 1000.00000000 4.~~44225714~~06250110 0.00000000 0.00000000 M-3 1,625,000.00 65.~~08875~~80500% 1000.00000000 54.~~24308923~~83750154 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 0.00000000 3.~~69673215~~28565013 0.00000000 ~~972~~957.~~32557485~~21497329 M-1 0.00000000 0.00000000 43.~~08059048~~71249963 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.~~44225714~~06250110 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 54.~~24308923~~83750154 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~400~~428.~~72234787~~57435957 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 ~~678958~~491188.~~00000000~~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 32,~~159~~889,~~305~~622.8159 Liquidations, Insurance Proceeds, Reserve Funds 3.4308 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Total Deposits 32,~~159~~889,~~309~~625.2467 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~104~~103,~~840~~273.9257 Payment of Interest and Principal 32,~~054~~786,~~468~~352.3210 Total Withdrawals (Pool Distribution Amount) 32,~~159~~889,~~309~~625.2467 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5352,~~658~~832.1755 Trustee Fee ~~697~~686.5583 Radian PMI Policy Fee 5049,~~485~~754.2019 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~104~~103,~~840~~273.9257

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 3.4308 3.4308 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 65 0 0 65 1,~~383~~044,~~546~~305.2423 0.00 0.00 1,~~383~~044,~~546~~305.2423 30 Days 1812 01 0 0 1813 42,~~255~~722,~~775~~515.8239 0338,613.0093 0.00 0.00 43,~~255~~061,~~775~~129.8232 60 Days 24 0 18 0 312 ~~428~~1,~~818~~380,483.3537 0.00 ~~482~~1,~~514~~824,334.3411 0.00 ~~911~~3,~~332~~204,817.6948 90 Days 12 1 1314 1 1618 ~~313~~392,~~311~~502.1816 34,~~954~~945.7845 23,~~583~~541,~~592~~391.9565 87,~~376~~355.3900 34,~~019~~056,~~235~~194.3026 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 2118 7 1422 1 4348 4,~~997~~495,~~905~~500.3592 1,~~418~~417,~~501~~864.0261 35,~~066~~365,~~107~~725.2976 87,~~376~~355.3900 911,~~569~~366,~~890~~446.0529 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 1.~~456311~~231527% 0.000000% 0.000000% 1.~~456311~~231527% 10.~~090891~~834838% 0.000000% 0.000000% 10.~~090891~~834838% 30 Days 42.~~368932~~955665% 0.~~000000~~246305% 0.000000% 0.000000% 43.~~368932~~201970% 32.~~355570~~176433% 0.~~000000~~270695% 0.000000% 0.000000% 32.~~355570~~447128% 60 Days 0.~~485437~~985222% 0.000000% 01.~~242718~~970443% 0.000000% 02.~~728155~~955665% 01.~~338112~~103586% 0.000000% 01.~~380450~~458409% 0.000000% 02.~~718562~~561995% 90 Days 0.~~242718~~492611% 0.~~242718~~246305% 3.~~155340~~448276% 0.~~242718~~246305% 34.~~883495~~433498% 0.~~247038~~313774% 0.~~027561~~027936% 2.~~037097~~831059% 0.~~068894~~069833% 23.~~380590~~242603% 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 54.~~097087~~433498% 1.~~699029~~724138% 35.~~398058~~418719% 0.~~242718~~246305% 1011.~~436893~~822660% 3.~~940720~~593793% 1.~~118452~~133469% 24.~~417547~~289468% 0.~~068894~~069833% 79.~~545613~~086564%

~~DELINQUENT~~OTHER ~~BANKRUPTCY~~INFORMATION ~~FORECLOSURE~~Current ~~REO~~Period ~~Total~~Realized 1Loss ~~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~~Includes 6Interest 0Shortfall 0 ~~6 1,383,546~~.~~24 0.~~00 ~~0.00~~Cumulative ~~1,383,546.24~~Realized 30Losses ~~Days~~- 18Includes 0Interest 0Shortfall 0 ~~18 4,255,775~~.~~82 0.~~00 ~~0.00~~Current ~~0.00~~Period ~~4,255,775.82~~Class 60A ~~Days~~Insufficient 2Funds 0 ~~1 0 3 428,818~~.~~35 0.~~00 482,514.34 0.00 911,332.69 90 Days 1 1 13 1 16 313,311.18 34,954.78 2,583,592.95 87,376.39 3,019,235.30 120 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 21 7 14 1 43 4,997,905.35 1,418,501.02 3,066,107.29 87,376.39 9,569,890.05 0-29 Days 10.526316% 0.000000% 0.000000% 10.526316% 9.493889% 0.000000% 0.000000% 9.493889% 30 Days 31.578947% 0.000000% 0.000000% 0.000000% 31.578947% 29.203118% 0.000000% 0.000000% 0.000000% 29.203118% 60 Days 3.508772% 0.000000% 1.754386% 0.000000% 5.263158% 2.942550% 0.000000% 3.311012% 0.000000% 6.253562% 90 Days 1.754386% 1.754386% 22.807018% 1.754386% 28.070175% 2.149940% 0.239860% 17.728605% 0.599576% 20.717982% 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 36.842105% 12.280702% 24.561404% 1.754386% 75.438596% 34.295608% 9.733749% 21.039617% 0.599576% 65.668551% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ~~Principal~~of ~~Balance~~Contaminated ~~Principal~~Properties ~~Balance Principal Balance Principal Balance~~ 0~~-29 Days 0 0 0 0 0~~.00 ~~0.00~~Periodic ~~0.00~~Advance 0132,169.00 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%32

~~OTHER~~COLLATERAL ~~INFORMATION~~STATEMENT ~~Current~~Collateral ~~Period~~Description ~~Realized~~Fixed ~~Loss~~& -Mixed ~~Includes~~ARM ~~Interest~~Weighted ~~Shortfall~~Average 0Gross Coupon 10.00336495% ~~Cumulative~~Weighted ~~Realized~~Average ~~Losses~~Net Coupon 9.836495% Weighted Average Pass-Through ~~Includes~~Rate ~~Interest~~9.359128% ~~Shortfall~~Weighted 0Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 412 Number Of Loans Paid In Full 6 Ending Scheduled Collateral Loan Count 406 Beginning Scheduled Collateral Balance 126,798,169.0001 ~~Current~~Ending ~~Period~~Scheduled ~~Class~~Collateral ABalance ~~Insufficient~~125,049,872.41 ~~Funds~~Ending 0Actual Collateral Balance at 30-Jun-2001 125,090,700.0091 ~~Principal~~Monthly P &I Constant 1,150,289.20 Ending Scheduled Balance offor ~~Contaminated~~Premium ~~Properties~~Loans 0125,049,872.0041 ~~Periodic~~Scheduled ~~Advance~~Principal ~~105~~58,~~755~~082.8203 Unscheduled Principal 1,748,296.60

~~COLLATERAL~~Step ~~STATEMENT~~Down ~~Collateral~~Date: ~~Description~~Do ~~Fixed~~Not &Step ~~Mixed~~Down ~~ARM~~In ~~Weighted~~Effect ~~Average~~Since: ~~Gross~~N/A ~~Coupon~~Comments: ~~10.343543%~~N/A ~~Weighted~~Trigger ~~Average~~Event: ~~Net~~Not ~~Coupon~~Triggered ~~9.843543% Weighted Average Pass-Through Rate 9.366610% Weighted Average Maturity(Stepdown Calculation ) 347 Beginning Scheduled Collateral Loan Count 418 Number Of Loans Paid~~ In ~~Full~~Effect 6Since: Ending Scheduled Collateral Loan Count 412 Beginning Scheduled Collateral Balance 128,779,548.32 Ending Scheduled Collateral Balance 126,798,169.01 Ending Actual Collateral Balance at 31-May-2001 126,827,203.61 Monthly P &I Constant 1,236,248.65 Ending Scheduled Balance for Premium Loans 126,798,169.01 Scheduled Principal 58,322.19 Unscheduled Principal 1,923,057.12 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified ON/CA ~~Amount~~Comments: ~~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 520,898.98~~N/A

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