8-K 1 d10150200-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/ Brian Peters Brian Peters 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) October 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 October 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 October 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/ Brian Peters Brian Peters Title: President Date: October 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 1.9498% (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% (~~viii)Initial~~viiiInitial 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 09.00% (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% (~~viii)Target~~viiiTarget 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 $ ~~319~~315,~~911~~113,~~651~~966.2393 (B) Beginning Pool Factor 7675.~~756283~~605177% (C) Ending Pool Schedule Balance $ ~~315~~309,~~113~~237,~~966~~583.9301 (D) Ending Pool Factor 7574.~~605177~~195258% (E) Ending Total Certificate Balance (after Current Distributions) $ ~~315~~309,~~113~~237,~~966~~583.9301 (F) Current Overcollateralization Amount (after Current Distributions) $0.00 - (G) Weighted Average Coupon (WAC) 10.84% (H) Weighted Average Remaining Maturity (WAM) ~~296~~295.3753 months (I) Ending Number of Receivables 7,~~512~~373 III. COLLECTION CALCULATIONS (A) Interest (i) Scheduled Interest Collections durring Current Period 2,~~414~~273,~~164~~481.8275 (ii) Paid Ahead Interest Collections applied to Current Period 6337,~~575~~099.3174 (iii) Net Servicer Advance (95128,~~162~~346.2221) (~~iiia)Reimbursement~~iiiaReimbursement to Servicer For Previously Unrecovered Advances *VI(D) (~~249~~89,~~340~~997.3840) (iv) Liquidation Proceeds Attributable to Interest ~~151~~181,~~703~~862.3537 (v) Repuchased Loan Proceeds Attributable to Interest (Breaches of Rep or Warranty) -0.00 (vi) Repuchased Loan Proceeds Attributable to Interest (Delinquent Loans) 0.00 (vii) Recoveries on Previously Liquidated Contracts 4112,~~865~~140.5845 ------------- (~~viii)Total~~viiiTotal Interest Amount Available for Distribution 2,~~326~~286,~~806~~240.4670 (B) Principal (i) Scheduled Principal Collections ~~204~~214,~~701~~904.4786 (ii) Full and Partial Principal Prepayments ~~554~~788,~~825~~944.9249 (iii) Paid Ahead Principal Collections Applied to Current Period ~~26,567~~202.4487 (iv) Net Servicer Advance (18,~~005~~326.9116) (v) Liquidation Proceeds Attributable to Principal 1,~~018~~227,~~466~~640.9526 (vi) Repurchase Proceeds Attributable to Principal (Breaches of Rep or Warranty) 0.00 (vii) Repurchase Proceeds Attributable to Principal (Delinquent Loans) 0.00 (~~viii)Other~~viiiOther Principal Amounts 0.00 ------------- (ix) Total Principal Amount Available for Distribution 12,~~803~~223,~~555~~366.8732 IV. DISTRIBUTION CALCULATIONS (A) Total Interest Available for Distribution 2,~~326~~286,~~806~~240.4670 (B) Total Principal Available for Distribution 12,~~803~~223,~~555~~366.8732 (C) Reserve Fund Draw Amount Required 0.00 (D) Draw on Letter of Credit for Interest Distribution 0.00 Less: Monthly Servicing Fee ~~266~~262,~~593~~594.0497 Reimbursement to Servicer for Liquidation Expense 25,~~561~~108.6050 Late Payment Fees, Extension Fees and Other Permitted Fees 0.00 Other Permitted Withdrawals from Certificate Account 0.00 ------------- Available Distribution Amount 34,~~861~~241,~~207~~903.6955 Interest Accrual Period 3229 days Total Interest Amount Due 2,~~060~~023,~~213~~645.4273 Total Interest Distribution Amount 2,~~060~~023,~~213~~645.4273 Amount Available for Principal Distribution Amount 12,~~800~~218,~~994~~257.2782 Principal Distribution Calculation: Total Principal Amount Available for Distribution 12,~~803~~223,~~555~~366.8732 Principal Loss on Liquidated Assets 23,~~994~~653,~~128~~017.4360 ------------- Principal Distribution Due 45,~~797~~876,~~684~~383.3092 Principal Distribution Shortfall Carryover Amount (Current Period) 0.00 Principal Distribution Shortfall Carryover Amount 86,~~715~~914,~~273~~279.9669 Overcollaterallization Writedown Amount 0.00 Overcollaterallization Reduction Amount 0.00 Accelerated Principal Distribution Amount for Current Period 0.00 ------------- Total Principal Amount to be Distributed 109,~~516~~132,~~268~~537.2351 Total Principal Amount to be Distributed 45,~~797~~876,~~684~~383.3092 Draw on Letter of Credit for Principal Distribution 0.00 Excess Interest (0.00) 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 1312,~~305~~978,~~158~~004.8527 (ii) Monthly Servicer Advance (Reimbursement) (95128,~~162~~346.2221) (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (~~231~~83,~~992~~697.3658) ------------- (iv) Ending Advance Balance 12,~~978~~765,~~004~~960.2748 (B) Principal (i) Beginning Advance 1,~~042~~024,~~842~~488.3643 (ii) Monthly Servicer Advance (Reimbursement) (18,~~005~~326.9116) (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (176,~~348~~299.0282) ------------- (iv) Ending Advance Balance 1,~~024~~009,~~488~~862.4345 (C) Total Servicer Advance (i) Beginning Advance 14,~~348~~002,~~001~~492.2170 (ii) Monthly Servicer Advance (Reimbursement) (96136,~~168~~672.1337) (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (~~249~~89,~~340~~997.3840) ------------- (iv) Ending Advance Balance 1413,~~002~~775,~~492~~822.7093 VI. CREDIT ENHANCEMENT (A) Overcollateralization (I) Target Overcollaterallization Amount 21,881,416.07 (ii) Beginning Balance 0.00 (iii) Write Down for Certificate Distributions 0.00 (iv) Overcollaterallization Addition Amount 0.00 (v) Overcollaterallization Reduction Amount 0.00 ------------- (vi) Ending Balance 0.00 (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 ------------- (iv) Ending Balance 0.00 (D) Unreimbursed Servicer Advances (see note*) (i) Previous Unreimbursed Advance Balance 54,~~061~~812,~~918~~578.6022 (ii) Current Months Reimbursement from Excess Interest ~~249~~(89,~~340~~997.3840) ------------- (iii) Ending Unreimbursed Advance Balance 4,~~812~~722,~~578~~580.2282 Note: ** represents advances made in respect of contracts that were liquidated, and not reimbursed, before the current period. VII. CERTIFICATE DISTRIBUTIONS (A) Senior Certificates - Interest (i) Class A-1 Pass-Through Rate 1.9498% Beginning Carryover Interest $ - Current Interest Accrual $ 4138,~~914~~536.9409 Current Carryover Interest Accrual $ - Interest Paid $ 4138,~~914~~536.9409 Ending Carryover Balance $ - Interest Paid Per $1000 $ 0.4945 (ii) Class A-2 Pass-Through Rate 7.58% Beginning Carryover Interest $ - Current Interest Accrual $ ~~454~~451,~~603~~163.0621 Current Carryover Interest Accrual $ - Interest Paid $ ~~454~~451,~~603~~163.0621 Ending Carryover Balance $ - Interest Paid Per $1000 $ 5.9894 (iii) Class A-3 Pass-Through Rate 7.83% Beginning Carryover Interest $ - Current Interest Accrual $ ~~309~~306,~~149~~809.0379 Current Carryover Interest Accrual $ - Interest Paid $ ~~309~~306,~~149~~809.0379 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.1814 (iv) Class A-4 Pass-Through Rate 8.29% Beginning Carryover Interest $ - Current Interest Accrual $ ~~487~~484,~~896~~204.3962 Current Carryover Interest Accrual $ - Interest Paid $ ~~487~~484,~~896~~204.3962 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.5550 (v) Class A-5 Pass-Through Rate 8.32% Beginning Carryover Interest $ - Current Interest Accrual $ ~~164~~163,~~247~~004.7695 Current Carryover Interest Accrual $ - Interest Paid $ ~~164~~163,~~247~~004.7695 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.5752 (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 $ 9875,~~399~~924.3416 Current Carryover Interest Accrual $ - Interest Paid $ 9875,~~399~~924.3416 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 $ 43.5047 (C) Senior Certificates - Principal (i) Class A-1 Initial Certificate Balance 85,000,000.00 Initial Certificate Percentage 20.39% Beginning Certificate Balance 24,~~306~~122,~~345~~426.2739 Shortfall Carryover ~~890~~706,~~010~~091.2941 Current Principal Due ~~183~~226,~~918~~530.8815 Current Principal Paid ~~183~~226,~~918~~530.8815 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 2423,~~122~~895,~~426~~896.3924 Ending Pool Factor 7.6673% Principal Paid per $1000 72.5767 Total Class Distribution ~~183~~226,~~918~~530.8815 (ii) Class A-2 Initial Certificate Balance 76,000,000.00 Initial Certificate Percentage 18.23% Beginning Certificate Balance 7271,~~016~~471,~~325~~399.7262 Shortfall Carryover 2,~~636~~092,~~976~~050.9180 Current Principal Due ~~544~~671,~~926~~177.1137 Current Principal Paid ~~544~~671,~~926~~177.1137 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 7170,~~471~~800,~~399~~222.6225 Ending Pool Factor 22.6890% Principal Paid per $1000 78.5783 Total Class Distribution ~~544~~671,~~926~~177.1137 (iii) Class A-3 Initial Certificate Balance 50,000,000.00 Initial Certificate Percentage 12.00% Beginning Certificate Balance 47,~~379~~020,~~161~~657.6664 Shortfall Carryover 1,~~734~~376,~~853~~349.2321 Current Principal Due ~~358~~441,~~504~~564.0206 Current Principal Paid ~~358~~441,~~504~~564.0206 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 4746,~~020~~579,~~657~~093.6458 Ending Pool Factor 1415.9206% Principal Paid per $1000 78.5783 Total Class Distribution ~~358~~441,~~504~~564.0206 (iv) Class A-4 Initial Certificate Balance 74,531,000.00 Initial Certificate Percentage 17.88% Beginning Certificate Balance 70,~~624~~089,~~325~~932.9570 Shortfall Carryover 2,~~586~~051,~~006~~613.9266 Current Principal Due ~~534~~658,~~393~~204.2622 Current Principal Paid ~~534~~658,~~393~~204.2622 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 7069,~~089~~431,~~932~~728.7048 Ending Pool Factor 22.2445% Principal Paid per $1000 78.5783 Total Class Distribution ~~534~~658,~~393~~204.2622 (v) Class A-5 Initial Certificate Balance 25,000,000.00 Initial Certificate Percentage 6.00% Beginning Certificate Balance 23,~~689~~510,~~580~~328.8483 Shortfall Carryover ~~867~~688,~~426~~174.61 Current Principal Due ~~179~~220,~~252~~782.0103 Current Principal Paid ~~179~~220,~~252~~782.0103 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 23,~~510~~289,~~328~~546.8380 Ending Pool Factor 7.4653% Principal Paid per $1000 78.5783 Total Class Distribution ~~179~~220,~~252~~782.0103 (D) Subordinate Certificates - Principal (i) Class M1 Initial Certificate Balance 29,178,000.00 Initial Certificate Percentage 7.00% Beginning Certificate Balance 29,178,000.00 Shortfall Carryover 0.00 Current Principal Due ~~29,178,000~~0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 29,178,000.00 Ending Pool Factor 9.2644% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 29,178,000.00 Total Class Distribution 0.00 (ii) Class M2 Initial Certificate Balance 20,841,000.00 Initial Certificate Percentage 5.00% Beginning Certificate Balance 20,841,000.00 Shortfall Carryover 0.00 Current Principal Due ~~20,841,000~~0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 20,841,000.00 Ending Pool Factor 6.6174% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 20,841,000.00 Total Class Distribution 0.00 (iii) Class B1 Initial Certificate Balance 18,757,000.00 Initial Certificate Percentage 4.50% Beginning Certificate Balance 18,757,000.00 Shortfall Carryover 0.00 Current Principal Due ~~18,757,000~~0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 18,757,000.00 Ending Pool Factor 56.9507% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 18,757,000.00 Total Class Distribution 0.00 (iv) Class B2 Initial Certificate Balance 21,883,000.00 Initial Certificate Percentage 5.25% Beginning Certificate Balance 1310,~~119~~123,~~911~~221.7976 Shortfall Carryover 0.00 Current Principal Due ~~13,119,911~~0.7900 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 1310,~~119~~123,~~911~~221.7976 Ending Pool Factor 32.2109% Principal Paid per $1000 0167.0017 Beginning Outstanding Writedown 811,~~763~~759,~~088~~778.2124 Current Writedown/Writeup (23,~~996~~658,~~690~~126.0310) Ending Certificate Balance- Including Writedowns 106,~~123~~465,~~221~~095.7665 Total Class Distribution (23,~~996~~658,~~690~~126.0310) (E) Total Certificate Balances Beg of Period End of Period (i) Aggregate Balance of Certificates $ ~~319~~315,~~911~~113,~~651~~966.2393 $ ~~315~~309,~~113~~237,~~966~~583.9301 (ii) Total Certificate Pool Factor 7978.~~7406843~~5448209% 7877.~~5448209~~0800825%

VIII.DELINQUENCY INFORMATION Percent of Percent of Delinquent Receivables at End of Due Period : Scheduled Balance Pool Balance Units Total Units 30-59 Days Delinquent $ 2728,~~102~~315,~~244~~117.9436 89.6016% ~~665~~669 89.8507% 60-89 Days Delinquent $ 1315,~~326~~034,~~294~~051.4253 4.2386% ~~323~~379 45.3014% 90 Days or More Delinquent $ 3536,~~241~~421,~~857~~599.5769 11.1878% ~~794~~816 1011.5707% Homes Repossessed or Foreclosed Upon $ 1210,~~406~~899,~~682~~598.5929 3.9452% ~~275~~242 3.6628% Bankruptcy* (included in above delinquency) $ 26,~~200~~449,~~300~~781.4950 8.3155% ~~593~~589 7.8999% Extensions granted during period 9683 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 ~~287~~275 $ 12,~~940~~406,~~006~~682.9759 Repossessions Incurred ~~131~~88 $ 3,~~435~~319,~~474~~562.5060 Less Repurchase of Delinquent Loans 0 $ - Less Repossessions Sold ~~143~~121 $ 34,~~968~~826,~~798~~646.8890 ------------------------- Ending Repossession Inventory ~~275~~242 $ 1210,~~406~~899,~~682~~598.5929 Principal Balance of Repossessions Liquidated $ 34,~~968~~826,~~798~~646.8890 Reimbursement of Servicer Advances on Liquidated Contracts $ 4354,~~796~~010.5096 Liquidation Proceeds Attributable to Principal $ 1,~~018~~227,~~466~~640.9526 -------------- Principal Loss on Liquidation of Repo $ 23,~~994~~653,~~128~~017.4360 Reimbursement to Servicer for Liquidation Expense $ 25,~~561~~108.6050 Recoveries for Previously Liquidated Contracts $ 4112,~~865~~140.5845 -------------- Net Liquidation Loss (Realized Loss) $ 23,~~954~~645,~~824~~985.4565 Recoveries Liquidation Proceeds Attributable to Interest $ ~~151~~181,~~703~~862.3537 Liquidation Proceeds Attributable to Principal $ 1,~~018~~227,~~466~~640.9526 Recoveries for Previously Liquidated Contracts $ 4112,~~865~~140.5845 -------------- Total Recoveries $ 1,~~212~~421,~~035~~643.8808 Recovery Percentage of Principal Balance of Repossessions Liquidated 3129% XI. TRIGGERS Has the Crossover Date Occurred? NO Where the Current Distribution Date of 0910/15/02 is greater than the Earliest Crossover Date of ~~February~~ 2/29,/2005 ~~2004~~ And Subordinated Certificates Beginning Principal Balance of 8178,~~895~~899,~~911~~221.7976 plus the Current Overcollateralization Amount of 0.00 divided by the Current Beginning Pool Principal Balance of ~~319~~315,~~911~~113,~~651~~966.2393 ------------ Equals 25.6004% ------------ And is greater than the: Subordinated Initital Certificates Percentage of 1621.5075% multiplied by the Percentage (as Percent of Initial Class Subordination Percentage) ~~175~~186% ------------ Equals 2840.8846% ------------

Principal Distribution Tests: Actual Ratio Test Ratio Result Over 60 Days Delinquent ----------------------------- Current Mo 1920.3516% 1st Preceding Mo 19.5535% 2nd Preceding Mo 2019.0655% Average 60 Day Delinquency Ratio: 19.6569% 5.50% FAIL Over 30 Days Delinquent ----------------------------- Current Mo 2729.9532% 1st Preceding Mo 27.8795% 2nd Preceding Mo 2827.3787% Average 30 Day Delinquency Ratio: 28.0638% 8.50% FAIL

Net Liquidation Losses Ending Pool Bal (Realized Losses) ---------------------------------------------------------- Current Mo 309,237,583.01 3,645,985.65 1st Preceding Mo 315,113,966.93 2,954,824.45 ~~1st~~2nd Preceding Mo 319,911,651.23 3,631,880.54 ~~2nd Preceding Mo 325,535,508.07 4,461,743.22~~ ------------------------------------------------------------------------------ Total ~~960~~944,~~561~~263,~~126~~201.2317 1110,~~048~~232,~~448~~690.2164 ------------------------------------------------------------------------------ Divided by 3 ------------------------------------- Average ~~320~~314,~~187~~754,~~042~~400.0839

Sum of last 3 months of Losses 1110,~~048~~232,~~448~~690.2164 Divided by 3 month average of Pool Balance ~~320~~314,~~187~~754,~~042~~400.0839 Annualized (multiply by 4) 4 Current Realized Loss Ratio: 13.8000% 3.00% FAIL Beginning Cumulative Realized Losses 4750,~~099~~054,~~589~~413.3984 Net Liquidation Losses (Realized Losses) 23,~~954~~645,~~824~~985.4565 ----------------- Ending Cumulative Realized Losses 5053,~~054~~700,~~413~~399.8449 Divided by Initial Pool Principal Balance 416,788,877.53 Cumulative Realized Loss Ratio: 12.0188% 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: Ana Dropps TITLE: Vice President - Finance

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