-----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, VrhlJ4p8X/NAj2b43Zd7P2wRTMXaWamfCdQkuJGc1kAbq4fTcKt8l/z6WkERiECf SUN34CQ1ZDKePvfZG9lirw== 0000950168-97-000913.txt : 19970411 0000950168-97-000913.hdr.sgml : 19970411 ACCESSION NUMBER: 0000950168-97-000913 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970410 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: 1934 Act SEC FILE NUMBER: 333-16679-01 FILM NUMBER: 97578017 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 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 March 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) Maryland 333-16679 68-0397342 (State or Other (Commission File Number) (I.R.S. Employer Jurisdiction 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 March 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: March 9, 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 March 25, 1997................ 5 EX-10 2 EXHIBIT 10.1 EXHIBIT 10.1 THE BANK OF NEW YORK 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 Class Information Beginning Pass Thru Principal Interest Total Ending Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Cert. Bal. - ---------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- A-I-1 28,141,000.00 6.600000% 1,047,424.65 154,775.50 1,202,200.15 27,093,575.35 A-I-2 76,031,000.00 5.987500% 963,603.88 379,363.01 1,342,966.89 75,067,396.12 A-I-3 76,031,000.00 3.012500% 0.00 190,869.49 190,869.49 75,067,396.12 A-I-4 22,732,000.00 6.800000% 0.00 128,814.67 128,814.67 22,732,000.00 A-I-5 17,570,000.00 6.900000% 0.00 101,027.50 101,027.50 17,570,000.00 A-I-6 18,096,000.00 7.100000% 0.00 107,068.00 107,068.00 18,096,000.00 A-I-7 19,218,000.00 7.250000% 0.00 116,108.75 116,108.75 19,218,000.00 A-I-8 14,006,000.00 7.500000% 0.00 87,537.50 87,537.50 14,006,000.00 A-I-9 5,120,000.00 7.500000% 0.00 32,000.00 32,000.00 5,120,000.00 A-I-10 3,022,000.00 7.750000% 0.00 19,517.08 19,517.08 3,022,000.00 A-I-11 55,000,503.00 7.750000% 0.00 355,211.58 355,211.58 55,000,503.00 A-II 28,980,510.00 7.750000% 407,284.93 187,165.79 594,450.72 28,573,225.07 P/O 516,809.00 N/A 634.41 0.00 634.41 516,174.59 X-1 198,138,642.75 0.677810% 0.00 111,916.96 111,916.96 196,172,521.84 X-2 51,498,892.61 0.196320% 0.00 8,425.22 8,425.22 51,463,432.24 X-3 21,779,187.67 0.487570% 0.00 8,849.07 8,849.07 21,388,401.27 B-1 8,551,000.00 7.750000% 6,226.21 55,225.21 61,451.42 8,544,773.79 B-2 5,442,000.00 7.750000% 3,962.47 35,146.25 39,108.72 5,438,037.53 B-3 3,887,000.00 7.750000% 2,830.23 25,103.54 27,933.77 3,884,169.77 B-4 2,021,000.00 7.750000% 1,471.54 13,052.29 14,523.83 2,019,528.46 B-5 777,000.00 7.750000% 565.75 5,018.13 5,583.88 776,434.25 B-6 1,868,056.00 7.750000% 1,360.18 12,064.53 13,424.71 1,866,695.82 R-1 100.00 7.750000% 100.00 13.52 113.52 0.00 R-2 100.00 7.750000% 100.00 0.65 100.65 0.00 - -------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------------------- Totals 310,980,078.00 2,435,564.27 2,134,274.24 4,569,838.51 308,544,513.73 - --------------------------------------------------------------------------------------------------------------------------------
Factors per $1,000 (Class R per $100) Principal Interest Ending Class Code Name Dist. Dist. Cert. Bal --------------------------------------------------------------------------- A-I-1 37.22059106 5.5000000000 962.77940894 A-I-2 12.67382886 4.9895833279 987.326171142 A-I-3 0.00000000 2.5104166721 987.32617114 A-I-4 0.00000000 5.6666668133 1000.00000000 A-I-5 0.00000000 5.7500000000 1000.00000000 A-I-6 0.00000000 5.9166666667 1000.00000000 A-I-7 0.00000000 6.0416666667 1000.00000000 A-I-8 0.00000000 6.2500000000 1000.00000000 A-I-9 0.00000000 6.2500000000 1000.00000000 A-I-10 0.00000000 6.4583322303 1000.00000000 A-I-11 0.00000000 6.4583332992 1000.00000000 A-II 14.05375292 6.4583332039 985.94624708 P/O 1.22755834 0.000000000 998.77244166 X-1 0.00000000 0.5648416606 990.07704463 X-2 0.00000000 0.1636000227 999.31143432 X-3 0.00000000 0.4063085425 982.05688817 B-1 0.72812695 6.4583335282 999.27187305 B-2 0.72812695 6.4583333333 999.27187305 B-3 0.72812695 6.4583329046 999.27187305 B-4 0.72812695 6.4583325087 999.27187305 B-5 0.72812695 6.4583397683 999.27187305 B-6 0.72812695 6.4583342255 999.27187305 R-1 100.00000000 13.5239895476 0.00000000 R-2 100.00000000 0.6500000000 0.00000000 - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Totals 7.83189805 6.86305778 992.16810195 - -------------------------------------------------------------------------------- THE BANK OF NEW YORK 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
Class Information Original Certificate Information - -------------------------------------------------------------------------------------------------- Type Name Cert. Bal. Pass Thru Cusips - ------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------- Senior - Fixed Rate A-I-1 28,141,000.00 6.600000% 42209EAA8 Senior - Floating Rate A-I-2 76,031,000.00 5.987500% 42209EAB6 Senior - Inv. Floating Rate A-I-3 76,031,000.00 3.012500% 42209EAC4 Senior - Fixed Rate A-I-4 22,732,000.00 6.800000% 42209EAD2 Senior - Fixed Rate A-I-5 17,570,000.00 6.900000% 42209EAE0 Senior - Fixed Rate A-I-6 18,096,000.00 7.100000% 42209EAF7 Senior - Fixed Rate A-I-7 19,218,000.00 7.250000% 42209EAG5 Senior - Fixed Rate A-I-8 14,006,000.00 7.500000% 42209EAH3 Senior - Fixed Rate A-I-9 5,120,000.00 7.500000% 42209EAJ9 Senior - Fixed Rate A-I-10 3,022,000.00 7.750000% 42209EAK6 Senior - Fixed Rate A-I-11 55,000,503.00 7.750000% 42209EAL4 Senior - Fixed Rate A-II 28,980,510.00 7.750000% 42209EAM2 Senior - Fixed Rate P/O 516,809.00 N/A 42209EAN0 Senior - Variable Rate X-1 198,138,642.75 0.000000% 42209EAP5 Senior - Variable Rate X-2 51,498,892.61 0.000000% 42209EAV2 Senior - Variable Rate X-3 21,779,187.67 0.000000% 42209EAW0 Subordinate - Fixed Rate B-1 8,551,000.00 7.750000% 42209EAQ3 Subordinate - Fixed Rate B-2 5,442,000.00 7.750000% 42209EAR1 Subordinate - Fixed Rate B-3 3,887,000.00 7.750000% 42209EAS9 Subordinate - Fixed Rate B-4 2,021,000.00 7.750000% N/A Subordinate - Fixed Rate B-5 777,000.00 7.750000% N/A Subordinate - Fixed Rate B-6 1,868,056.00 7.750000% N/A Senior - Fixed Rate R-1 100.00 7.750000% N/A Senior - Fixed Rate R-2 100.00 7.750000% N/A - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- Totals 310,980,078.00 - - - ----------------------------------------------------------------------------------------------
Unpaid Amounts --------------------------------------------------------- Interest Current Real Aggregate Real Name Shortfalls Losses Losses - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- A-I-1 0.00 0.00 0.00 A-I-2 0.00 0.00 0.00 A-I-3 0.00 0.00 0.00 A-I-4 0.00 0.00 0.00 A-I-5 0.00 0.00 0.00 A-I-6 0.00 0.00 0.00 A-I-7 0.00 0.00 0.00 A-I-8 0.00 0.00 0.00 A-I-9 0.00 0.00 0.00 A-I-10 0.00 0.00 0.00 A-I-11 0.00 0.00 0.00 A-II 0.00 0.00 0.00 P/O 0.00 0.00 0.00 X-1 0.00 0.00 0.00 X-2 0.00 0.00 0.00 X-3 0.00 0.00 0.00 B-1 0.00 0.00 0.00 B-2 0.00 0.00 0.00 B-3 0.00 0.00 0.00 B-4 0.00 0.00 0.00 B-5 0.00 0.00 0.00 B-6 0.00 0.00 0.00 R-1 0.00 0.00 0.00 R-2 0.00 0.00 0.00 - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- Totals - - - - --------------------------------------------------------------------------- THE BANK OF NEW YORK 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 P&S Ref. ------------------------------------------- Sec. 5.04 COLLATERAL INFORMATION ------------------------------------------- Ending scheduled principal balance 08,544,515.04 Ending loan count (excluding REO) 1898 Aggregate scheduled principal amt 226,511.10 Aggregate prepayment amount 2,209,041.71 ------------------------------------------- P&S Ref. ADVANCES ------------------------------------------- Sec. 5.04 Amount of advances (this period) 0.00 Aggregate outstanding advances 0.00 ------------------------------------------- P&S Ref. FEES ------------------------------------------- Sec. 5.04 Monthly servicer fees 64,694.25 Monthly trustee fee 2,591.50 ------------------------------------------- P&S Ref. OTHER INFORMATION ------------------------------------------- Sec. 5.04 Class P/O deferred amount 0.00 Compensating interest amount 11.46 P&S Ref. ----------------------------------------------------------- Sec. 5.04 LIQUIDATED LOAN INFORMATION ----------------------------------------------------------- Net liquidation proceeds 0.00 Realized losses (this period) 0.00 Cumulative losses (since Cut-Off) 0.00
P&S Ref. ------------------------------------------------------ Sec. 5.04 DELINQUENCY INFORMATION ------------------------------------------------------ Period Loan Count Outstanding Prin Balance Scheduled Prin Balance 1 month 0 0.00 0.00 2 months 0 0.00 0.00 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 REO INFORMATION ----------------------------------------------------------------------- Outstanding Prin Balance Book Value Interest Thru Foreclosure Foreclosure Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 INFO NOT AVAILABLE INFO NOT AVAILABLE
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