-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jgk5Zr70e9ziDZs4K16BB3qMuQZSMnYHwonOwA3IzfmcAaZnKKaG+XfgxgoVx0Pp /IO/lJbGpRZjVyiVmcPb9A== 0000950168-97-002590.txt : 19970918 0000950168-97-002590.hdr.sgml : 19970918 ACCESSION NUMBER: 0000950168-97-002590 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970826 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970904 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEADLANDS MORTGAGE SEC INC MORTGAGE PASS THR CERT SER 1997-1 CENTRAL INDEX KEY: 0001036499 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-16679-01 FILM NUMBER: 97675241 BUSINESS ADDRESS: STREET 1: 700 LARKSPUR LANDING CIRCLE SUITE 250 CITY: LARKSPUR STATE: CA ZIP: 94939 MAIL ADDRESS: STREET 1: 700 LARKSPUR LANDING CIRCLE STREET 2: STE 250 CITY: LARKSPUR STATE: CA ZIP: 94939 8-K 1 HEADLANDS MORTGAGE SECURITIES 8-K 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 August 25, 1997 Date of Report (Date of Earliest Event Reported) Headlands Mortgage Securities Inc. (as Sponsor under a Pooling and Servicing Agreement dated as of February 1, 1997 providing for the issuance of the Mortgage Pass-Through Certificates, Series 1997-1) HEADLANDS MORTGAGE SECURITIES INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 333-16679-1 68-0397342 (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 700 Larkspur Landing Circle, Suite 240, Larkspur, CA 94939 (Address of Principal Executive Offices) (415) 461-6790 (Registrant's Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) INFORMATION TO BE INCLUDED IN THE REPORT Item 5. OTHER EVENTS Headlands Mortgage Securities Inc. (the "Company") has previously registered the offer and sale of its Mortgage Pass-Through Certificates, Series 1997-1 (the "Certificates"). The following exhibit which relates specifically to the Certificates is included with this Current Report: Item 7(c). Exhibits 10.1 Monthly Payment Date Statement distributed to Certificateholders, dated August 25, 1997. 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. Date: August 29, 1997 HEADLANDS MORTGAGE SECURITIES INC. By: /s/ Gilbert J. MacQuarrie Gilbert J. MacQuarrie Vice President, Treasurer and Secretary (Principal Financial Officer and and Principal Accounting Officer) EXHIBIT INDEX Exhibit Number Page Number 10.1 Monthly Payment Date Statement distributed to Certificateholders, dated August 25, 1997.........................5 EX-10 2 EXHIBIT 10.1 THE BANK OF NEW YORK PAGE NUMBER: 1 Payment Date: 8/25/97 Accrual Period: 7/1/97 thru 7/31/97 101 Barclay Street, 12E New York, NY 10286 Attn: Frank Austin, MBS Unit (212) 815-2297 - -------------------------------------------------------------------------------- HEADLANDS MORTGAGE SECURITIES INC. Mortgage Pass-Through Certificates, Series 1997-1 Headlands Mortgage Company, Servicer - --------------------------------------------------------------------------------
CURRENT PAYMENT INFORMATION FACTORS PER $1,000 (CLASS R PER $100) CLASS INFORMATION ---------------------------------------------------------------------------------------------------------------- BEGINNING PASS THRU PRINCIPAL INTEREST TOTAL ENDING PRINCIPAL INTEREST - ------------------ CLASS CODE NAME CERT. BAL. RATE DIST. AMT. DIST. AMT. DIST. CERT. BAL. DIST. DIST. - ------------------------------------------------------------------------------------------------------------------------------------ 2347 A-I-1 22,944,107.50 6.600000% 1,574,355.61 126,192.59 1,700,548.20 21,369,751.89 55.94526169 4.4842965779 2350 A-I-2 71,249,991.87 6.206250% 1,448,366.88 368,496.05 1,816,862.93 69,801,624.99 19.04968868 4.8466553116 2351 A-I-3 71,249,991.87 2.793750% - 165,878.89 165,878.89 69,801,624.99 0.00000000 2.1817270587 2352 A-I-4 22,732,000.00 6.800000% - 128,814.67 128,814.67 22,732,000.00 0.00000000 5.6666668133 2353 A-I-5 17,570,000.00 6.900000% - 101,027.50 101,027.50 17,570,000.00 0.00000000 5.7500000000 2354 A-I-6 18,096,000.00 7.100000% - 107,068.00 107,068.00 18,096,000.00 0.00000000 5.9166666667 2355 A-I-7 19,218,000.00 7.250000% - 116,108.75 116,108.75 19,218,000.00 0.00000000 6.0416666667 2356 A-I-8 14,006,000.00 7.500000% - 87,537.50 87,537.50 14,006,000.00 0.00000000 6.2500000000 2359 A-I-9 5,120,000.00 7.500000% - 32,000.00 32,000.00 5,120,000.00 0.00000000 6.2500000000 2357 A-I-10 3,022,000.00 7.750000% - 19,517.08 19,517.08 3,022,000.00 0.00000000 6.4583322303 2358 A-I-11 55,000,503.00 7.750000% - 355,211.58 355,211.58 55,000,503.00 0.00000000 6.4583332992 2372 A-II 26,858,058.19 7.750000% 731,044.76 173,458.29 904,503.05 26,127,013.44 25.22539304 5.9853429080 2363 P/O 513,414.21 N/A 1,687.36 - 1,687.36 511,726.85 3.26495862 0.000000000 2371 X-1 189,020,302.47 0.672713% - 105,963.68 105,963.68 186,378,300.91 0.00000000 0.5347956286 2370 X-2 50,701,659.71 0.196625% - 8,307.67 8,307.67 50,340,337.85 0.00000000 0.1613174493 2369 X-3 19,741,250.97 0.482312% - 7,934.54 7,934.54 19,027,335.21 0.00000000 0.3643175366 2360 B-1 8,519,210.47 7.750000% 6,278.88 55,019.90 61,298.78 8,512,931.59 0.73428568 6.4343234709 2361 B-2 5,421,768.61 7.750000% 3,995.98 35,015.59 39,011.57 5,417,772.62 0.73428568 6.4343237780 2362 B-3 3,872,549.54 7.750000% 2,854.17 25,010.22 27,864.39 3,869,695.37 0.73428568 6.4343246720 2364 B-4 2,013,486.65 7.750000% 1,483.99 13,003.77 14,487.76 2,012,002.66 0.73428568 6.4343245918 2365 B-5 774,111.39 7.750000% 570.54 4,999.47 5,570.01 773,540.85 0.73428568 6.4343243243 2366 B-6 1,861,111.24 7.750000% 1,371.69 12,019.68 13,391.37 1,859,739.55 0.73428568 6.4343253093 2367 R-1 - 7.750000% - 41.49 41.49 - 0.00000000 41.4900000008 2368 R-2 0.00 7.750000% 0.00 0.00 - - 0.00000000 0.0000000000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Totals - 298,792,312.66 - 3,772,009.85 2,048,626.91 5,820,636.76 295,020,302.81 12.12942602 6.58764678 - ------------------------------------------------------------------------------------------------------------------------------------
CLASS INFORMATION ENDING - ------------------ CLASS CODE NAME CERT. BAL - --------------------------------- 2347 A-I-1 759.38139700 2350 A-I-2 918.067958949 2351 A-I-3 918.06795895 2352 A-I-4 1000.00000000 2353 A-I-5 1000.00000000 2354 A-I-6 1000.00000000 2355 A-I-7 1000.00000000 2356 A-I-8 1000.00000000 2359 A-I-9 1000.00000000 2357 A-I-10 1000.00000000 2358 A-I-11 1000.00000000 2372 A-II 901.53739314 2363 P/O 990.16628521 2371 X-1 940.64589483 2370 X-2 977.50330733 2369 X-3 873.64760790 2360 B-1 995.54807498 2361 B-2 995.54807498 2362 B-3 995.54807498 2364 B-4 995.54807498 2365 B-5 995.54807498 2366 B-6 995.54807498 2367 R-1 0.00000000 2368 R-2 0.00000000 - --------------------------------- - --------------------------------- Totals 948.67910739 - ---------------------------------
Page Number: 2 Payment Date: 6/25/97 Accrual Period: 7/1/97 thru 7/31/97 THE BANK OF NEW YORK 101 Barclay Street, 12E Headlands Mortgage Securities Inc. New York, NY 10286 Mortgage Pass-Through Certificates, Series 1997-1 Headlands Mortgage Company, Servicer Attn: Frank Austin, MBS Unit (212) 815-2297
Unpaid Amounts Class Information Original Certificate Information Interest Current Real Aggregate Real Type Name Cert. Bal. Pass Thru Cusips Name Shortfalls Losses Losses Senior-Fixed Rate A-I-1 28,141,000.00 6.500000% 42209EAA8 A-I-1 0.00 0.00 0.00 Senior-Floating Rate A-I-2 76,031,000.00 5.987500% 42209EAB6 A-I-2 0.00 0.00 0.00 Senior-Inv. Floating Rate A-I-3 76,031,000.00 3.012500% 42209EAC4 A-I-3 0.00 0.00 0.00 Senior-Fixed Rate A-I-4 22,732,000.00 6.800000% 42209EAD2 A-I-4 0.00 0.00 0.00 Senior-Fixed Rate A-I-5 17,570,000.00 6.900000% 42209EAE0 A-I-5 0.00 0.00 0.00 Senior-Fixed Rate A-I-6 18,096,000.00 7.100000% 42209EAF7 A-I-6 0.00 0.00 0.00 Senior-Fixed Rate A-I-7 19,218,000.00 7.250000% 42209EAG5 A-I-7 0.00 0.00 0.00 Senior-Fixed Rate A-I-8 14,006,000.00 7.500000% 42209EAH3 A-I-8 0.00 0.00 0.00 Senior-Fixed Rate A-I-9 5,120,000.00 7.500000% 42209EAJ9 A-I-9 0.00 0.00 0.00 Senior-Fixed Rate A-I-10 3,022,000.00 7.750000% 42209EAK6 A-I-10 0.00 0.00 0.00 Senior-Fixed Rate A-I-11 55,000,503.00 7.750000% 42209EAL4 A-I-11 0.00 0.00 0.00 Senior-Fixed Rate A-II 28,980,510.00 7.750000% 42209EAM2 A-II 0.00 0.00 0.00 Senior-Fixed Rate P/O 516,809.00 N/A 42209EAN0 P/O 0.00 0.00 0.00 Senior-Variable Rate X-1 198,138,642.75 0.000000% 42209EAP5 X-1 0.00 0.00 0.00 Senior-Variable Rate X-2 51,498,892.61 0.000000% 42209EAV2 X-2 0.00 0.00 0.00 Senior-Variable Rate X-3 21,779,187.67 0.000000% 42209EAW0 X-3 0.00 0.00 0.00 Subordinate-Fixed Rate B-1 8,551,000.00 7.750000% 42209EAQ3 B-1 0.00 0.00 0.00 Subordinate-Fixed Rate B-2 5,442,000.00 7.750000% 42209EAR1 B-2 0.00 0.00 0.00 Subordinate-Fixed Rate B-3 3,887,000.00 7.750000% 42209EAS9 B-3 0.00 0.00 0.00 Subordinate-Fixed Rate B-4 2,021,000.00 7.750000% N/A B-4 0.00 0.00 0.00 Subordinate-Fixed Rate B-5 777,000.00 7.750000% N/A B-5 0.00 0.00 0.00 Subordinate-Fixed Rate B-6 1,868,056.00 7.750000% N/A B-6 0.00 0.00 0.00 Senior-Fixed Rate R-1 100.00 7.750000% N/A R-1 0.00 0.00 0.00 Senior-Fixed Rate R-2 100.00 7.750000% N/A R-2 0.00 0.00 0.00 Totals - 310,980,078.00 - - Totals - - -
Page Number: 3 Payment Date: 8/25/97 Accrual Period: 7/1/97 thru 7/31/97 Headlands Mortgage Securities, Inc. Mortgage Pass-Through Certificates, Series 1997-1 Headlands Mortgage Company, Servicer The Bank of New York 101 Barclay Street, 12E New York, NY 10286 Attn: Frank Austin, MBS Unit (212) 815-2297
P&S Ref. P&S Ref. Outstanding Scheduled Sec. 5.04 COLLATERAL INFORMATION Sec. 5.04 DELINQUENCY INFORMATION Prin Prin Ending scheduled principal balance 285,028,304.12 Period Loan Count Balance Balance Ending loans count (excluding REO) 1840 1 month 0 0.00 0.00 Aggregate scheduled principal amt. 229,191.63 2 months 0 0.00 0.00 Aggregate prepayment amount 3,542,816.22 3 months or more 0 0.00 0.00 In foreclosure 0 0.00 0.00 Totals 0 0.00 0.00 P&S Ref. Sec. 5.04 ADVANCES Amount of advances (this period) 0.00 Aggregate outstanding advances 0.00 P&S Ref. Sec. 5.04 REO INFORMATION Interest FEES Thru Foreclosure Monthly services fees 82,717.22 Outstanding Prin Balance Book Value Foreclosure Expenses Monthly trustee fee 2,489.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 OTHER INFORMATION 0.00 0.00 0.00 0.00 Class PIO deferred amount 0.00 0.00 0.00 0.00 0.00 Compensating interest amount 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LIQUIDATED LOAN INFORMATION 0.00 0.00 0.00 0.00 Net liquidation proceeds 0.00 0.00 0.00 0.00 0.00 Realized losses (this period) 0.00 INFO NOT AVAILABLE INFO NOT Cumulative losses (since Cut-Off) 0.00 AVAILABLE
-----END PRIVACY-ENHANCED MESSAGE-----