8-K 1 d02150300-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) January 31, 2003 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 February 18, 2003 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 February 18, 2003 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: January 31, 2003

------------------------------------------------------------------------------------------------------------------------ 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 1.5853% (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 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 9.00% (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 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 $ ~~300~~296,~~671~~812,~~571~~348.3672 (B) Beginning Pool Factor 7271.~~140018~~214076% (C) Ending Pool Schedule Balance $~~296~~ 293,~~812~~390,~~348~~586.7225 (D) Ending Pool Factor 7170.~~214076~~393094% (E) Ending Total Certificate Balance (after Current Distributions) $~~296~~ 293,~~812~~390,~~348~~586.7225 (F) Current Overcollateralization Amount (after Current Distributions) 0.00 (G) Weighted Average Coupon (WAC) 10.83% (H) Weighted Average Remaining Maturity (WAM) ~~292~~291.6872 months (I) Ending Number of Receivables 7,~~095~~016 III. COLLECTION CALCULATIONS (A) Interest (i) Scheduled Interest Collections durring Current Period 2,~~141~~379,~~461~~107.6520 (ii) Paid Ahead Interest Collections applied to Current Period 27117,~~520~~453.9481 (iii) Net Servicer Advance ~~183~~(38,~~650~~045.3255) (iiia)Reimbursement to Servicer For Previously Unrecovered Advances *VI(D) (~~297~~426,~~660~~802.7366) (iv) Liquidation Proceeds Attributable to Interest ~~111~~103,~~790~~794.6269 (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 ~~613~~5,222.7588 ------------- (viii)Total Interest Amount Available for Distribution 2,~~167~~140,~~376~~730.5537 (B) Principal (i) Scheduled Principal Collections ~~232~~223,~~913~~611.9088 (ii) Full and Partial Principal Prepayments ~~798~~310,~~323~~658.3157 (iii) Paid Ahead Principal Collections Applied to Current Period 036,463.0022 (iv) Net Servicer Advance 171,~~929~~773.1966 (v) Liquidation Proceeds Attributable to Principal ~~744~~605,~~710~~900.8729 (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 Principal Amounts 0.00 ------------- (ix) Total Principal Amount Available for Distribution 1,~~793~~178,~~877~~407.2762 IV. DISTRIBUTION CALCULATIONS (A) Total Interest Available for Distribution 2,~~167~~140,~~376~~730.5537 (B) Total Principal Available for Distribution 1,~~793~~178,~~877~~407.2762 (C) Reserve Fund Draw Amount Required 0.00 (D) Draw on Letter of Credit for Interest Distribution 0.00 Less: Monthly Servicing Fee ~~250~~247,~~559~~343.6462 Reimbursement to Servicer for Liquidation Expense 1615,~~597~~416.1282 Late Payment Fees, Extension Fees and Other Permitted Fees 0.00 Other Permitted Withdrawals from Certificate Account 0.00 ------------- Available Distribution Amount 3,~~694~~056,~~097~~377.0655 Interest Accrual Period 3034 days Total Interest Amount Due 1,~~916~~893,~~816~~386.9175 Total Interest Distribution Amount 1,~~916~~893,~~816~~386.9175 Amount Available for Principal Distribution Amount 1,~~777~~162,~~280~~990.1580 Principal Distribution Calculation: Total Principal Amount Available for Distribution 1,~~793~~178,~~877~~407.2762 Principal Loss on Liquidated Assets 2,~~065~~243,~~345~~354.3784 ------------- Principal Distribution Due 3,~~859~~421,~~222~~762.6446 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 3,~~859~~421,~~222~~762.6446 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 12,~~329~~244,~~030~~785.1380 (ii) Monthly Servicer Advance (Reimbursement) ~~183~~(38,~~650~~045.3255) (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (~~267~~384,~~894~~122.6539) ------------- (iv) Ending Advance Balance 1211,~~244~~822,~~785~~617.8086 (B) Principal (i) Beginning Advance ~~979~~967,~~135~~299.9910 (ii) Monthly Servicer Advance (Reimbursement) 171,~~929~~773.1966 (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (2942,~~766~~680.0827) ------------- (iv) Ending Advance Balance ~~967~~926,~~299~~392.1049 (C) Total Servicer Advance (i) Beginning Advance 13,~~308~~212,~~166~~084.1290 (ii) Monthly Servicer Advance (Reimbursement) ~~201~~(36,~~579~~271.5189) (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (~~297~~426,~~660~~802.7366) ------------- (iv) Ending Advance Balance 1312,~~212~~749,~~084~~010.9035 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 43,~~171~~874,~~944~~283.5986 (ii) Current Months Reimbursement from Excess Interest (~~297~~426,~~660~~802.7366) ------------- (iii) Ending Unreimbursed Advance Balance 3,~~874~~447,~~283~~481.8620 Note: **~~represents advances made in respect of contracts that were liquidated~~rrepresentsaadvancesmmadeiinrrespectoofccontractstthatwwerelliquidated, ~~and not reimbursed~~aandnnotrreimbursed, ~~before the current period~~bbeforettheccurrentpperiod. VII. CERTIFICATE DISTRIBUTIONS (A) Senior Certificates - Interest (i) Class A-1 Pass-Through Rate 1.5853% Beginning Carryover Interest $ - Current Interest Accrual $ 3033,~~976~~733.91 Current Carryover Interest Accrual $ - Interest Paid $ 3033,~~976~~733.91 Ending Carryover Balance $ - Interest Paid Per $1000 $ 0.3640 (ii) Class A-2 Pass-Through Rate 7.58% Beginning Carryover Interest $ - Current Interest Accrual $ ~~440~~436,~~022~~627.4993 Current Carryover Interest Accrual $ - Interest Paid $ ~~440~~436,~~022~~627.4993 Ending Carryover Balance $ - Interest Paid Per $1000 $ 5.7975 (iii) Class A-3 Pass-Through Rate 7.83% Beginning Carryover Interest $ - Current Interest Accrual $ ~~299~~296,~~233~~925.6420 Current Carryover Interest Accrual $ - Interest Paid $ ~~299~~296,~~233~~925.6420 Ending Carryover Balance $ - Interest Paid Per $1000 $ 5.9894 (iv) Class A-4 Pass-Through Rate 8.29% Beginning Carryover Interest $ - Current Interest Accrual $ ~~472~~468,~~247~~604.9984 Current Carryover Interest Accrual $ - Interest Paid $ ~~472~~468,~~247~~604.9984 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.3429 (v) Class A-5 Pass-Through Rate 8.32% Beginning Carryover Interest $ - Current Interest Accrual $ ~~158~~157,~~979~~753.8136 Current Carryover Interest Accrual $ - Interest Paid $ ~~158~~157,~~979~~753.8136 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.3631 (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~~136,~~677~~416.5010 Current Carryover Interest Accrual $ - Interest Paid $ ~~140~~136,~~677~~416.5010 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 $ 7.5027 (iv) Class B2 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ ~~11,353.17~~- Current Carryover Interest Accrual $ - Interest Paid $ ~~11,353.17~~- 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 $ ~~0.52~~- (C) Senior Certificates - Principal (i) Class A-1 Initial Certificate Balance 85,000,000.00 Initial Certificate Percentage 20.39% Beginning Certificate Balance 23,~~526~~345,~~763~~266.3012 Current Principal Due ~~181~~118,~~497~~765.1849 Current Principal Paid ~~181~~118,~~497~~765.1849 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 23,~~345~~226,~~266~~500.1263 Ending Pool Factor 7.8792% Principal Paid per $1000 21.1440 Total Class Distribution ~~181~~118,~~497~~765.1849 (ii) Class A-2 Initial Certificate Balance 76,000,000.00 Initial Certificate Percentage 18.23% Beginning Certificate Balance 69,~~706~~168,~~532~~781.6167 Current Principal Due ~~537~~351,~~750~~885.9365 Current Principal Paid ~~537~~351,~~750~~885.9365 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 6968,~~168~~816,~~781~~896.6702 Ending Pool Factor 23.3046% Principal Paid per $1000 74.0863 Total Class Distribution ~~537~~351,~~750~~885.9365 (iii) Class A-3 Initial Certificate Balance 50,000,000.00 Initial Certificate Percentage 12.00% Beginning Certificate Balance 45,~~859~~505,~~560~~777.9241 Current Principal Due ~~353~~231,~~783~~503.5172 Current Principal Paid ~~353~~231,~~783~~503.5172 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 45,~~505~~274,~~777~~273.4169 Ending Pool Factor 15.3343% Principal Paid per $1000 74.0863 Total Class Distribution ~~353~~231,~~783~~503.5172 (iv) Class A-4 Initial Certificate Balance 74,531,000.00 Initial Certificate Percentage 17.88% Beginning Certificate Balance 6867,~~359~~831,~~178~~821.7193 Current Principal Due ~~527~~345,~~356~~084.7708 Current Principal Paid ~~527~~345,~~356~~084.7708 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 67,~~831~~486,~~821~~737.9385 Ending Pool Factor 2223.8500% Principal Paid per $1000 74.0863 Total Class Distribution ~~527~~345,~~356~~084.7708 (v) Class A-5 Initial Certificate Balance 25,000,000.00 Initial Certificate Percentage 6.00% Beginning Certificate Balance 22,~~929~~752,~~780~~888.4772 Current Principal Due ~~176~~115,~~891~~751.7586 Current Principal Paid ~~176~~115,~~891~~751.7586 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 22,~~752~~637,~~888~~136.7286 Ending Pool Factor 7.6772% Principal Paid per $1000 74.0863 Total Class Distribution ~~176~~115,~~891~~751.7586 (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 Current Principal Due 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 9.8395% 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 Current Principal Due 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 7.0210% 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~~188,~~000~~812.0086 Current Principal Due 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 65.1343% Principal Paid per $1000 30120.2942 Beginning Outstanding Writedown 0568,187.0014 Current Writedown/Writeup (~~568~~2,~~187~~258,771.1466) Ending Certificate Balance- Including Writedowns 1815,~~188~~930,~~812~~041.8620 Total Class Distribution (~~568~~2,~~187~~258,771.1466) (iv) Class B2 Initial Certificate Balance 21,883,000.00 Initial Certificate Percentage 5.25% Beginning Certificate Balance ~~1,513,755~~0.3500 Current Principal Due 0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 21,883,000.00 Ending Pool Factor 0.00% Principal Paid per $1000 690.1700 Beginning Outstanding Writedown 2021,~~369~~883,~~244~~000.6500 Current Writedown/Writeup ~~(1,513,755~~0.~~35)~~00 Ending Certificate Balance- Including Writedowns 0.00 Total Class Distribution ~~(1,513,755~~0.~~35)~~00 (E) Total Certificate Balances Beg of Period End of Period (i) Aggregate Balance of Certificates $ ~~300~~296,~~671~~812,~~571~~348.3671 $~~296~~ 293,~~812~~390,~~348~~586.7225 (ii) Total Certificate Pool Factor 73.9829878% 73.1300846% (ii) Total Certificate Pool Factor 74.9449317% 73.9829878%

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 $ 2823,~~162~~949,~~904~~116.0042 98.4916% ~~670~~563 98.4402% 60-89 Days Delinquent $ 14,~~700~~255,~~631~~612.9834 4.9586% ~~351~~350 4.9599% 90 Days or More Delinquent $ 36,~~832~~427,~~562~~918.0178 12.4142% ~~837~~821 11.8070% Homes Repossessed or Foreclosed Upon $ 10,~~211~~459,~~909~~828.2897 3.4457% ~~235~~239 3.3141% Bankruptcy* (included in above delinquency) $ 26,~~809~~585,~~881~~434.0103 9.0306% ~~592~~584 8.3432% Extensions granted during period ~~170~~201 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 ~~219~~235 $ 910,~~786~~211,~~537~~909.6128 Repossessions Incurred 8075 $ 3,~~201~~064,~~388~~090.3104 Less Repurchase of Delinquent Loans 0 $ - Less Repossessions Sold 6471 $ 2,~~776~~816,~~016~~170.6435 ~~------------------------~~ Ending Repossession Inventory ~~235~~239 $ 10,~~211~~459,~~909~~828.2897 Principal Balance of Repossessions Liquidated $ 2,~~776~~816,~~016~~170.6435 Reimbursement of Servicer Advances on Liquidated Contracts $ 3433,~~039~~084.6078 Liquidation Proceeds Attributable to Principal $ ~~744~~605,~~710~~900.8729 ------------- Principal Loss on Liquidation of Repo $ 2,~~065~~243,~~345~~354.3784 Reimbursement to Servicer for Liquidation Expense $ 1615,~~597~~416.1282 Recoveries for Previously Liquidated Contracts $ ~~613~~5,222.7588 ------------- Net Liquidation Loss (Realized Loss) $ 2,~~081~~253,~~328~~548.7478 Recoveries Liquidation Proceeds Attributable to Interest $ ~~111~~103,~~790~~794.6269 Liquidation Proceeds Attributable to Principal $ ~~744~~605,~~710~~900.8729 Recoveries for Previously Liquidated Contracts $ ~~613~~5,222.7588 ------------- Total Recoveries $ ~~857~~714,~~115~~917.2486 Recovery Percentage of Principal Balance of Repossessions Liquidated 3125% XI. TRIGGERS Has the Crossover Date Occurred? NO Where the Current Distribution Date of 0102/1518/03 is greater than the Earliest Crossover Date of ~~2/29/~~February 28, 2005 And Subordinated Certificates Beginning Principal Balance of 7068,~~289~~207,~~755~~812.3586 plus the Current Overcollateralization Amount of 0.00 divided by the Current Beginning Pool Principal Balance of ~~300~~296,~~671~~812,~~571~~348.3672 ----------- Equals 2322.3898% ----------- And is greater than the: Subordinated Initital Certificates Percentage of 21.75% multiplied by the Percentage (as Percent of Initial Class Subordination Percentage) 186% ----------- Equals 40.46% -----------

Net Liquidation Losses Ending Pool Bal (Realized Losses) ---------------------------------------------------------- Current Mo 293,390,586.25 2,253,548.78 1st Preceding Mo 296,812,348.72 2,081,328.74 ~~1st~~2nd Preceding Mo 300,671,571.36 1,863,467.22 ~~2nd Preceding Mo 304,364,948.38 3,068,305.01~~ ------------------------------------------------------------------------------ Total ~~901~~890,~~848~~874,~~868~~506.4633 76,~~013~~198,~~100~~344.9774 ------------------------------------------------------------------------------ Divided by 3 ------------------------------------- Average ~~300~~296,~~616~~958,~~289~~168.4978

Sum of last 3 months of Losses 76,~~013~~198,~~100~~344.9774 Divided by 3 month average of Pool Balance ~~300~~296,~~616~~958,~~289~~168.4978 Annualized (multiply by 4) 4 Current Realized Loss Ratio: 98.3335% 3.00% FAIL Beginning Cumulative Realized Losses 5860,~~632~~713,~~171~~500.7246 Net Liquidation Losses (Realized Losses) 2,~~081~~253,~~328~~548.7478 ----------------- ----------------- Ending Cumulative Realized Losses 6062,~~713~~967,~~500~~049.4624 Divided by Initial Pool Principal Balance 416,788,877.53 Cumulative Realized Loss Ratio: 1415.5711% 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: Ann Hill TITLE: Director of Accounting BY: _____________________ DATE:_________________________ NAME: Ana Dropps TITLE: Vice President - Finance

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