8-K 1 d07150200-a.txt Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549-1004 RE: Bombardier Capital Mortgage Securitization Corporation: BCMSC Trust 2000-A Ladies and Gentlemen: On behalf of Bombardier Capital Mortgage Securitization Corporation (The Registrant), we hereby file with the Commission a Current Report on Form 8-K (The "Report") on behalf of the BCMSC Trust 2000-A and deliver to you herewith the following documents: One copy of the Report, including the exhibit being filed therewith, together with an exhibit index: Please acknowledge receipt and filing of this letter to Bombardier Capital Mortgage Securitization Corporation: 1600 Mountain View Drive, Colchester, VT 05446. Very truly yours, /s/ Robert Gillespie Robert Gillespie Bombardier Capital Mortgage Securitization 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) July 31, 2002 BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION (Depositor) (Exact name of registrant as specified in its charter) on behalf of BCMSC Trust Series 2000-A Delaware 333-40113 03-0355080 (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 1600 Mountain View Drive, Colchester, Vermont 05446 (Address of principal executive offices) (ZIP code) Registrant's telephone number, including area code: (802) 654-7200 Page 1 of 9 Exhibit Index Appears on Page 4 Item 5. Other Event Information concerning interest and principal distributions made on the Certificates Certificates) of the BCMSC Trust Series 2000-A on July 15, 2002 is contained in the Distribution Date Statement provided to each holder of the Certificates. Such Distribution Date Statement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Exhibits: 99.1. Distribution Date Statement relating to interest and prinicipal distributions made on July 15, 2002 on the Series 2000-A Certificates SIGNATURE 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 on the date indicated. BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION BY: /s/ Robert Gillespie Robert Gillespie Title: President Date: July 31, 2002

I. ORIGINAL DEAL PARAMETERS (A) Initial Pool Principal Balance $ 416,788,877.53 (B) Initial Certificates Principal Balance $ 401,190,000.00 (i) Initial Class A-1 Certificate Principal Balance $ 85,000,000.00 Certificate Amount Percentage 20.39% Certificate Pass-through Rate 2.0200% (ii) Initial Class A-2 Certificate Principal Balance $ 76,000,000.00 Certificate Amount Percentage 18.23% Certificate Pass-through Rate 7.58% (iii) Initial Class A-3 Certificate Principal Balance $ 50,000,000.00 Certificate Amount Percentage 12.00% Certificate Pass-through Rate 7.83% (iv) Initial Class A-4 Certificate Principal Balance $ 74,531,000.00 Certificate Amount Percentage 17.88% Certificate Pass-through Rate 8.29% (v) Initial Class A-5 Certificate Principal Balance $ 25,000,000.00 Certificate Amount Percentage 6.00% Certificate Pass-through Rate 8.32% (vi) Initial Class M-1 Certificate Principal Balance $ 29,178,000.00 Certificate Amount Percentage 7.00% Certificate Pass-through Rate 8.51% (vii) Initial Class M-2 Certificate Principal Balance $ 20,841,000.00 Certificate Amount Percentage 5.00% Certificate Pass-through Rate 9.00% (~~viiiInitial~~viii)Initial Class B-1 Certificate Principal Balance $ 18,757,000.00 Certificate Amount Percentage 4.50% Certificate Pass-through Rate 9.00% (ix) Initial Class B-2 Certificate Principal Balance $ 21,883,000.00 Certificate Amount Percentage 5.25% Certificate Pass-through Rate 90.00% (C) Initial Weighted Average Coupon (WAC) 10.90% (D) Initial Weighted Average Original Maturity (WAOM) 325.00 months (E) Initial Weighted Average Remaining Maturity (WAM) 323.00 months (F) Initial Number of Receivables 9,828 (G) Servicing Fee Rate 1.00% (H) Credit Enhancement (i) Reserve Fund Initial Deposit Percentage 0.00% (ii) Reserve Fund Target % 0.00% (iii) Target Overcollateralization Percentage Prior to Crossover Date 5.25% (iv) Target Overcollateralization Percentage After Crossover Date 9.19% (v) Target Overcollateralization Floor 1.25% (vi) Target Credit Enhancement % Prior to Crossover Date 5.25% (vii) Target Credit Enhancement % After Crossover Date 9.19% (~~viiiTarget~~viii)Target Credit Enhancement Floor 1.25% (ix) Target Credit Enhancement Amount $ 21,881,416.07 (I) Crossover Date Tests Earliest Crossover Date Feb-2005 Percent of Initial Suboridnation Percentage 186.00% (J) Class B-2 Floor Percentage (of Initial Pool Balance) 0.75% II. CURRENT PORTFOLIO INFORMATION (A) Beginning Pool Schedule Balance $ ~~345~~332,~~959~~101,~~228~~133.5575 (B) Beginning Pool Factor 8379.~~005869~~680901% (C) Ending Pool Schedule Balance $ ~~338~~325,~~728~~535,~~432~~508.5907 (D) Ending Pool Factor 8178.~~270987~~105613% (E) Ending Total Certificate Balance (after Current Distributions) $ ~~335~~325,~~674~~535,~~395~~508.7107 (F) Current Overcollateralization Amount (after Current Distributions) $ ~~3,054,036.88~~- (G) Weighted Average Coupon (WAC) 10.8785% (H) Weighted Average Remaining Maturity (WAM) ~~300~~298.2217 months (I) Ending Number of Receivables 87,~~064~~754 III. COLLECTION CALCULATIONS (A) Interest (i) Scheduled Interest Collections ~~during~~durring Current Period 2,~~512~~378,~~850~~999.4996 (ii) Paid Ahead Interest Collections applied to Current Period 3395,~~957~~849.9395 (iii) Net Servicer Advance ~~363~~(226,~~979~~890.4631) (iv) Liquidation Proceeds Attributable to Interest ~~262~~261,~~282~~708.9253 (v) Repuchased Loan Proceeds Attributable to Interest (Breaches of Rep or Warranty) - (vi) Repuchased Loan Proceeds Attributable to Interest (Delinquent Loans) -0.00 (vii) Recoveries on Previously Liquidated Contracts -69,437.19 --------------- (~~viiiTotal~~viii)Total Interest Amount Available for Distribution 32,~~173~~579,~~070~~105.8032 (B) Principal (i) Scheduled Principal Collections ~~444~~203,~~909~~057.7733 (ii) Full and Partial Principal Prepayments ~~889~~593,~~553~~484.2420 (iii) Paid Ahead Principal Collections Applied to Current Period 58,~~232~~404.8800 (iv) Net Servicer Advance 28(4,~~424~~276.5333) (v) Liquidation Proceeds Attributable to Principal ~~966~~1,~~362~~260,564.6210 (vi) Repurchase Proceeds Attributable to Principal (Breaches of Rep or Warranty) 0.00 (vii) Repurchase Proceeds Attributable to Principal (Delinquent Loans) 0.00 (~~viiiOther~~viii)Other Principal Amounts 0.00 --------------- (ix) Total Principal Amount Available for Distribution 2,~~334~~061,~~483~~233.0430 IV. DISTRIBUTION CALCULATIONS (A) Total Interest Available for Distribution 32,~~173~~579,~~070~~105.8032 (B) Total Principal Available for Distribution 2,~~334~~061,~~483~~233.0430 (C) Reserve Fund Draw Amount Required 0.00 (D) Draw on Letter of Credit for Interest Distribution 0.00 Less: Monthly Servicing Fee ~~288~~276,~~299~~750.3694 Reimbursement to Servicer for Liquidation Expense 1826,~~473~~788.1203 Late Payment Fees, Extension Fees and Other Permitted Fees 0.00 Other Permitted Withdrawals from Certificate Account 0.00 --------------- Available Distribution Amount 54,~~200~~336,~~781~~799.3665 Interest Accrual Period 3028 days Total Interest Amount Due 2,~~186~~141,~~230~~665.8173 Total Interest Distribution Amount 2,~~186~~141,~~230~~665.8173 Amount Available for Principal Distribution Amount 32,~~014~~195,~~550~~133.5592 Principal Distribution Calculation: Total Principal Amount Available for Distribution 2,~~334~~061,~~483~~233.0430 Principal Loss on Liquidated Assets 4,~~896~~504,~~312~~392.9238 --------------- Principal Distribution Due 76,~~230~~565,~~795~~625.9668 Principal Distribution Shortfall Carryover Amount (Current Period) ~~4,216,245~~0.4100 Accelerated Principal Distribution Amount for Current Period 0.00 --------------- Total Principal Amount to be Distributed 36,~~014~~565,~~550~~625.5568 Draw on Letter of Credit for Principal Distribution 0.00 Excess Interest ~~698,540~~0.6300 Reserve Account Deposit 0.00 Reserve Account Release 0.00 Class X Distribution Amount 0.00 Class R Distribution Amount 0.00 V. SERVICER ADVANCE (A) Interest (i) Beginning Advance 13,~~164~~890,~~827~~622.1181 (ii) Monthly Servicer Advance (Reimbursement) ~~363~~(226,~~979~~890.4631) --------------- (iii) Ending Advance Balance 13,~~528~~663,~~806~~732.5750 (B) Principal (i) Beginning Advance ~~998~~1,~~334~~057,322.9309 (ii) Monthly Servicer Advance (Reimbursement) 28(4,~~424~~276.5333) --------------- (iii) Ending Advance Balance 1,~~026~~053,~~759~~045.4676 (C) Total Servicer Advance (i) Beginning Advance 14,~~163~~947,~~162~~944.0490 (ii) Monthly Servicer Advance (Reimbursement) ~~392~~(231,~~403~~166.9964) --------------- (iii) Ending Advance Balance 14,~~555~~716,~~566~~778.0326 VI. CREDIT ENHANCEMENT (A) Overcollateralization (I) Target Overcollaterallization Amount 21,881,416.07 (ii) Beginning Balance ~~7,270,282~~0.2900 (iii) Write Down for Certificate Distributions ~~4,216,245~~0.4100 (iv) Overcollaterallization Addition Amount 0.00 (v) Overcollaterallization Reduction Amount 0.00 (vi) Ending Balance ~~3,054,036~~0.8800 (B) Reserve Fund (if applicable) (i) Required Reserve Fund Balance 0.00 (ii) Beginning Reserve Fund Balance 0.00 (iii) Draws for Certificate Distributions 0.00 (iv) Excess Interest Deposited 0.00 (v) Reserve Fund Release 0.00 (vi) Ending Reserve Fund Balance 0.00 (C) Letter of Credit (if applicable) (i) Beginning LC Balance 0.00 (ii) Draw on LC for Interest Distribution 0.00 (iii) Draw on LC for Principal Distribution 0.00 Ending Balance 0.00 VII. CERTIFICATE DISTRIBUTIONS (A) Senior Certificates - Interest (i) Class A1A-1 Pass-Through Rate 2.0200% Beginning Carryover Interest $ - Current Interest Accrual $ 4238,~~637~~478.1685 Current Carryover Interest Accrual $ - Interest Paid $ 4238,~~637~~478.1685 Ending Carryover Balance $ - Interest Paid Per $1000 $ 0.5045 (ii) Class A2A-2 Pass-Through Rate 7.58% Beginning Carryover Interest $ - Current Interest Accrual $ ~~473~~462,~~729~~646.9044 Current Carryover Interest Accrual $ - Interest Paid $ ~~473~~462,~~729~~646.9044 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.2309 (iii) Class A3A-3 Pass-Through Rate 7.83% Beginning Carryover Interest $ - Current Interest Accrual $ ~~322~~314,~~156~~618.0887 Current Carryover Interest Accrual $ - Interest Paid $ ~~322~~314,~~156~~618.0887 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.4429 (iv) Class A4A-4 Pass-Through Rate 8.29% Beginning Carryover Interest $ - Current Interest Accrual $ ~~508~~496,~~424~~528.0084 Current Carryover Interest Accrual $ - Interest Paid $ ~~508~~496,~~424~~528.0084 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.8266 (v) Class A5A-5 Pass-Through Rate 8.32% Beginning Carryover Interest $ - Current Interest Accrual $ ~~171~~167,~~158~~153.2783 Current Carryover Interest Accrual $ - Interest Paid $ ~~171~~167,~~158~~153.2783 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.8569 (B) Subordinate Certificates - Interest (i) Class M1 Pass-Through Rate 8.51% Beginning Carryover Interest $ - Current Interest Accrual $ 207,017.91 Current Carryover Interest Accrual $ - Interest Paid $ 207,017.91 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.10 (ii) Class M2 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ 156,307.50 Current Carryover Interest Accrual $ - Interest Paid $ 156,307.50 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.50 (iii) Class B1 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ 140,677.50 Current Carryover Interest Accrual $ - Interest Paid $ 140,677.50 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.50 (iv) Class B2 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ ~~164~~158,~~122~~235.5099 Current Carryover Interest Accrual $ - Interest Paid $ ~~164~~158,~~122~~235.5099 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.5023 (C) Senior Certificates - Principal (i) Class A1A-1 Initial Certificate Balance 85,000,000.00 Initial Certificate Percentage 20.39% Beginning Certificate Balance 2524,~~329~~736,~~003~~402.5655 Current Principal Due ~~738~~224,~~414~~168.2972 Current Principal Paid ~~307~~224,~~848~~168.1672 Principal Shortfall Carryover ~~for~~For Current Period ~~430,566~~0.1300 Accelerated Principal Distribution 0.00 Ending Certificate Balance 2524,~~021~~512,~~155~~233.4084 Ending Pool Factor 7.4553% Principal Paid per $1000 129.1506 Total Class Distribution ~~307~~224,~~848~~168.1672 (ii) Class A2A-2 Initial Certificate Balance 76,000,000.00 Initial Certificate Percentage 18.23% Beginning Certificate Balance 7573,~~046~~290,~~320~~525.2274 Current Principal Due 2664,~~187,819~~180.0078 Current Principal Paid ~~912~~664,~~111~~180.3478 Principal Shortfall Carryover ~~for~~For Current Period ~~1,275,707~~0.6600 Accelerated Principal Distribution 0.00 Ending Certificate Balance 7472,~~134~~626,~~208~~344.8896 Ending Pool Factor 22.0931% Principal Paid per $1000 129.1506 Total Class Distribution ~~912~~664,~~111~~180.3478 (iii) Class A3A-3 Initial Certificate Balance 50,000,000.00 Initial Certificate Percentage 12.00% Beginning Certificate Balance 4948,~~372~~217,~~579~~451.0914 Current Principal Due 1436,~~439,354~~961.6104 Current Principal Paid ~~600~~436,~~073~~961.2504 Principal Shortfall Carryover ~~for~~For Current Period ~~839,281~~0.3600 Accelerated Principal Distribution 0.00 Ending Certificate Balance 4847,~~772~~780,~~505~~490.8411 Ending Pool Factor 14.5368% Principal Paid per $1000 129.1506 Total Class Distribution ~~600~~436,~~073~~961.2504 (iv) Class A4A-4 Initial Certificate Balance 74,531,000.00 Initial Certificate Percentage 17.88% Beginning Certificate Balance 7371,~~595~~873,~~753~~897.8403 Current Principal Due 2651,~~145,530~~342.7686 Current Principal Paid ~~894~~651,~~481~~342.1886 Principal Shortfall Carryover ~~for~~For Current Period ~~1,251,049~~0.5800 Accelerated Principal Distribution 0.00 Ending Certificate Balance 7271,~~701~~222,~~272~~554.6617 Ending Pool Factor 21.6688% Principal Paid per $1000 129.1506 Total Class Distribution ~~894~~651,~~481~~342.1886 (v) Class A5A-5 Initial Certificate Balance 25,000,000.00 Initial Certificate Percentage 76.00% Beginning Certificate Balance 24,~~686~~108,~~289~~725.5558 Current Principal Due ~~719~~218,~~677~~480.3052 Current Principal Paid ~~300~~218,~~036~~480.6252 Principal Shortfall Carryover ~~for~~For Current Period ~~419,640~~0.6800 Accelerated Principal Distribution 0.00 Ending Certificate Balance 2423,~~386~~890,~~252~~245.9306 Ending Pool Factor 7.2634% Principal Paid per $1000 129.1506 Total Class Distribution ~~300~~218,~~036~~480.6252 (D) Subordinate Certificates - Principal (i) Class M1 Initial Certificate Balance 29,178,000.00 Initial Certificate Percentage 57.00% Beginning Certificate Balance 29,178,000.00 Current Principal Due 29,178,000.00 Current Principal Paid 0.00 Principal Shortfall Carryover ~~for~~For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 29,178,000.00 Ending Pool Factor 8.6996% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 029,178,000.00 Total Class Distribution 0.00 (~~iii~~ii) Class M2 Initial Certificate Balance 20,841,000.00 Initial Certificate Percentage 5.00% Beginning Certificate Balance 20,841,000.00 Current Principal Due 20,841,000.00 Current Principal Paid 0.00 Principal Shortfall Carryover ~~for~~For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 20,841,000.00 Ending Pool Factor 6.2140% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 020,841,000.00 Total Class Distribution 0.00 (iviii) Class B1 Initial Certificate Balance 18,757,000.00 Initial Certificate Percentage 4.50% Beginning Certificate Balance 18,757,000.00 Current Principal Due 18,757,000.00 Current Principal Paid 0.00 Principal Shortfall Carryover ~~for~~For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 18,757,000.00 Ending Pool Factor 5.5976% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 018,757,000.00 Total Class Distribution 0.00 (iv) Class B2 Initial Certificate Balance 21,883,000.00 Initial Certificate Percentage 5.25% Beginning Certificate Balance 21,~~883~~098,~~000~~131.0070 Current Principal Due 21,~~883~~098,~~000~~131.0070 Current Principal Paid 0.00 Principal Shortfall Carryover ~~for~~For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 21,~~883~~098,~~000~~131.0070 Ending Pool Factor 65.5214% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0784,868.0030 Current Writedown/Writeup 0(4,370,491.0076) Ending Certificate Balance- Including Writedowns 016,727,639.0094 Total Class Distribution 0(4,370,491.0076) (E) Total Certificate Balances Beg of Period End of Period (i) Aggregate Balance of Certificates $ ~~338~~332,~~688~~101,~~946~~133.2675 $ ~~335~~325,~~674~~535,~~395~~508.7107 (ii) Total Certificate Pool Factor 8482.~~4210838~~7790159% 8381.~~6696816~~1424781%

~~VIII.DELINQUENCY~~VIIIDELINQUENCY INFORMATION Percent of Percent of Delinquent Receivables at End of Due Period : Scheduled Balance Pool Balance Units Total Units 30-59 Days Delinquent $ 27,~~447~~063,~~548~~721.9906 8.1031% ~~642~~635 78.9619% 60-89 Days Delinquent $ 13,~~239~~961,~~410~~923.3700 34.9129% ~~308~~340 34.8238% 90 Days or More Delinquent $ 4238,~~295~~114,~~807~~198.9664 1211.4971% ~~973~~860 1211.0709% Homes Repossessed or Foreclosed Upon $ 1713,~~352~~214,~~356~~605.5393 54.1206% ~~395~~297 43.9083% Bankruptcy* (included in above ~~delinquen~~delinquency) $~~y25~~ 24,~~462~~872,~~594~~273.0508 7.5264% ~~582~~569 7.2234% Extensions granted during period ~~142~~162 Rewrites granted during period 0 * The Bankruptcy units and balances are already included in the above delinquency numbers. This information is provided for reference only.

IX. REPURCHASED CONTRACTS (A) Repurchased Contracts - Breach of Rep or Warranty (i) Beginning Cumulative Repurchased Contracts since cutoff $ 1,225,016.66 (ii) Number of Contracts repurchased this period - (iii) Repurchase Price of Contracts this period $ - (iv) Ending Cumulative Repurchased Contracts since cutoff $ 1,225,016.66 (B) Repurchased Contracts - Delinquent Loans (i) Beginning Cumulative Repurchased Contracts since cutoff $ - (ii) Number of Contracts repurchased this period - (iii) Repurchase Price of Contracts this period $ - (iv) Ending Cumulative Repurchased Contracts since cutoff $ - X. REPOSSESSION / LOSS INFORMATION Units Scheduled Balance Beginning Repossession Inventory ~~441~~357 $19 15,~~398~~797,~~313~~289.5087 Repossessions Incurred ~~136~~123 $ 3,~~816~~126,~~718~~117.5728 Less Repurchase of Delinquent Loans 0 $ - Less Repossessions Sold ~~182~~183 $ 5,~~862~~708,~~675~~801.5422 ~~=====~~---------------------------- ~~================== ===== ==================~~ Ending Repossession Inventory ~~395~~297 $17 13,~~352~~214,~~356~~605.5393 Principal Balance of Repossessions Liquidated $ 5,~~862~~708,~~675~~801.5422 Reimbursement of Servicer Advances on Liquidated Contracts $ 56,155.26 Liquidation Proceeds Attributable to Principal $ ~~966~~1,~~362~~260,564.6210 --------------- Principal Loss on Liquidation of Repo $ 4,~~896~~504,~~312~~392.9238 Reimbursement to Servicer for Liquidation Expense $ 1826,~~473~~788.1203 Recoveries for Previously Liquidated Contracts $ -69,437.19 --------------- Net Liquidation Loss (Realized Loss) $ 4,~~914~~461,~~786~~743.0422 Recoveries Liquidation Proceeds Attributable to Interest $ ~~262~~261,~~282~~708.9253 Liquidation Proceeds Attributable to Principal $ ~~966~~1,~~362~~260,564.6210 Recoveries for Previously Liquidated Contracts $ -69,437.19 --------------- Total Recoveries $ 1,~~228~~591,~~645~~709.5482 Recovery Percentage of Principal Balance of Repossessions Liquidated 2128% XI. TRIGGERS Has the Crossover Date Occurred? NO Where the Current Distribution Date of 0507/15/02 is greater than the Earliest Crossover Date of ~~ebruary~~February 2829, ~~2005~~2004 And Subordinated Certificates Beginning Principal Balance of 9039,~~659~~855,~~000~~131.0070 plus the Current Overcollateralization Amount of ~~3,054,036~~0.8800 divided by the Current Beginning Pool Principal Balance of ~~345~~332,~~959~~101,~~228~~133.5575 ------------- Equals 2712.0900% ------------- And is greater than the: Subordinated Initital Certificates Percentage of 1416.7550% multiplied by the Percentage (as Percent of Initial Class Subordination Percentage) 175% ------------- Equals 2528.8188% -------------

Principal Distribution Tests: Actual Ratio Test Ratio Result Over 60 Days Delinquent ------------------------------ Current Mo 2120.5206% 1st Preceding Mo 2220.8382% 2nd Preceding Mo 2421.3352% Average 60 Day Delinquency Ratio: 2220.8980% 5.50% FAIL Over 30 Days Delinquent ------------------------------ Current Mo 2928.6237% 1st Preceding Mo 3028.4993% 2nd Preceding Mo 3229.5562% Average 30 Day Delinquency Ratio: 3028.8997% 8.50% FAIL

Net Liquidation Losses Ending Pool Bal (Realized Losses) --------------------------------------------------------------- Current Mo ~~338~~325,~~728~~535,~~432~~508.5907 4,~~914~~461,~~786~~743.0422 1st Preceding Mo ~~345~~332,~~959~~101,~~228~~133.5575 4,~~647~~537,~~279~~616.8660 2nd Preceding Mo ~~352~~338,~~961~~728,~~536~~432.4159 4,~~620~~914,~~170~~786.6904 ----------------------------------------------------------------------------------- Total 1996,~~037~~365,~~649,197~~074.5541 1413,~~182~~914,~~236~~145.5986 ----------------------------------------------------------------------------------- Divided by 3 -------------------------------------- Average ~~345~~332,~~883~~121,~~065~~691.8547

Sum of last 3 months of Losses 1413,~~182~~914,~~236~~145.5986 Divided by 3 month average of Pool Balance ~~345~~332,~~883~~121,~~065~~691.8547 Annualized (multiply by 4) 4 Current Realized Loss Ratio: 16.4076% 32.0075% FAIL Beginning Cumulative Realized Losses 2939,~~553~~005,~~562~~965.9963 Net Liquidation Losses (Realized Losses) 4,~~914~~461,~~786~~743.0422 ----------------- Ending Cumulative Realized Losses 3443,~~468~~467,~~349~~708.0385 Divided by Initial Pool Principal Balance 416,788,877.53 Cumulative Realized Loss Ratio: 810.2743% 7.00% FAIL Should Principal Be Distributed to the Subordinated Certificates? NO

The undersigned, duly authorized representatives of Bombardier Capital Inc., do hereby certify that this Remittance Report has been prepared in accordance with the Pooling and Servicing Agreement and is correct, to the best of our knowledge. BY: _____________________ DATE:_________________________ NAME: Ana Dropps TITLE: Controller - Mortgage Finance Division BY: _____________________ DATE:_________________________ NAME: Brian Peters TITLE: Vice President - Finance

Filing Compare · BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORP SER 2000-A