8-K 1 efc2-0251_5149502form8k.txt FORM 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 AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) March 7, 2002 Greenwich Capital Acceptance, Inc. ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter) Delaware 333-50248-02 --------------------- ------------ 06-1199884 State or Other Jurisdiction (Commission (I.R.S. Employer Of Incorporation) File Number) Identification No.) 600 Steamboat Road Greenwich, Connecticut 06830 ---------------------- ---------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code: (203) 662-2700 No Change ------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events ------------ The Registrant registered issuances of Greenwich Capital Acceptance, Inc. on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended, by a Registration Statement on Form S-3 (Registration File No. 333-90547) (the "Registration Statement"). Pursuant to the Registration Statement, the Registrant issued approximately $404,716,100 in aggregate principal amount of Class A, Class X, Class A-R, Class B-1, Class B-2, and Class B-3 Certificates of its Mortgage Loan Pass-Through Certificates, Series 2001-FRB1 on December 4, 2001. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated November 27, 2001, as supplemented by the Prospectus Supplement dated November 29, 2001 (the "Prospectus Supplement"), to file a copy of the Pooling and Servicing Agreement (as defined below) executed in connection with the issuance of the Certificates, a form of which was filed as an exhibit to the Registration Statement. The Certificates were issued pursuant to a Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), attached hereto as Exhibit 4.1, dated as of November 1, 2001, between Greenwich Capital Acceptance, Inc., as depositor (the "Depositor"), First Republic Bank, as seller and servicer (the "Seller" and the "Servicer") and Wells Fargo Bank Minnesota, National Association, as trustee (the "Trustee"). The "Offered Certificates" consist of the following classes: Class A, Class X, Class A-R, Class B-1, Class B-2 and Class B-3 Certificates. The Offered Certificates represent ownership interest in assets of the trust that consists primarily of a pool containing conventional, first lien, adjustable rate mortgages. 2 Item 7. Financial Statements; Pro Forma Financial Information and Exhibits (a) Not applicable. (b) Not applicable. (c) Exhibits: 4.1 Pooling and Servicing Agreement, dated as of November 1, 2001, between Greenwich Capital Acceptance, Inc., as Depositor, First Republic Bank, as Seller and Servicer and Wells Fargo Bank Minnesota, National Association, as Trustee. 3 SIGNATURES 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 hereunto duly authorized. Greenwich Capital Acceptance, Inc. By: Prue Larocca ------------------------------- Name: Prue Larocca Title: Senior Vice President Dated: March 7, 2002 EXHIBIT INDEX ------------- Exhibit No. Description Page No. ----------- ----------- -------- 4.1 Pooling and Servicing Agreement, dated as of November 1, 2001, between Greenwich Capital Acceptance, Inc., as Depositor, First Republic Bank, as Seller and Servicer and Wells Fargo Bank Minnesota, National Association, as Trustee. EXHIBIT 4.1

First Republic Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/01 Distribution Date: 12/17/01 FRB Series: 2001-FR1 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 336161AZ7 SEN 2.43000% 396,541,000.00 299,126.85 125,442.51 A-R 336161BB9 SEN 4.08209% 100.00 0.34 100.00 B-1 336161BC7 SUB 3.87709% 4,088,000.00 13,208.43 0.00 B-2 336161BD5 SUB 4.08209% 1,635,000.00 5,562.04 0.00 B-3 336161BE3 SUB 4.08209% 2,452,000.00 8,341.36 0.00 B-4 336161BF0 SUB 4.08209% 1,635,000.00 5,562.04 0.00 B-5 336161BG8 SUB 4.08209% 1,226,000.00 4,170.68 0.00 B-6 336161BH6 SUB 4.08209% 1,228,821.51 4,180.27 0.00 X 336161BA1 SEN 3.30637% 0.00 1,050,546.06 0.00 Totals 408,805,921.51 1,390,698.07 125,542.51

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 396,415,557.49 424,569.36 0.00 A-R 0.00 0.00 100.34 0.00 B-1 0.00 4,088,000.00 13,208.43 0.00 B-2 0.00 1,635,000.00 5,562.04 0.00 B-3 0.00 2,452,000.00 8,341.36 0.00 B-4 0.00 1,635,000.00 5,562.04 0.00 B-5 0.00 1,226,000.00 4,170.68 0.00 B-6 0.00 1,228,821.51 4,180.27 0.00 X 0.00 0.00 1,050,546.06 0.00 Totals 0.00 408,680,379.00 1,516,240.58 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 396,541,000.00 396,541,000.00 41,619.20 83,823.31 0.00 0.00 A-R 100.00 100.00 33.18 66.82 0.00 0.00 B-1 4,088,000.00 4,088,000.00 0.00 0.00 0.00 0.00 B-2 1,635,000.00 1,635,000.00 0.00 0.00 0.00 0.00 B-3 2,452,000.00 2,452,000.00 0.00 0.00 0.00 0.00 B-4 1,635,000.00 1,635,000.00 0.00 0.00 0.00 0.00 B-5 1,226,000.00 1,226,000.00 0.00 0.00 0.00 0.00 B-6 1,228,821.51 1,228,821.51 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 408,805,921.51 408,805,921.51 41,652.38 83,890.13 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 125,442.51 396,415,557.49 0.99968366 125,442.51 A-R 100.00 0.00 0.00000000 100.00 B-1 0.00 4,088,000.00 1.00000000 0.00 B-2 0.00 1,635,000.00 1.00000000 0.00 B-3 0.00 2,452,000.00 1.00000000 0.00 B-4 0.00 1,635,000.00 1.00000000 0.00 B-5 0.00 1,226,000.00 1.00000000 0.00 B-6 0.00 1,228,821.51 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 Totals 125,542.51 408,680,379.00 0.99969290 125,542.51

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 396,541,000.00 1000.00000000 0.10495560 0.21138624 0.00000000 A-R 100.00 1000.00000000 331.80000000 668.20000000 0.00000000 B-1 4,088,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 1,635,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,452,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,635,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,226,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,228,821.51 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) Per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 0.31634184 999.68365816 0.99968366 0.31634184 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 396,541,000.00 2.43000% 396,541,000.00 299,126.85 0.00 0.00 A-R 100.00 4.08209% 100.00 0.34 0.00 0.00 B-1 4,088,000.00 3.87709% 4,088,000.00 13,208.43 0.00 0.00 B-2 1,635,000.00 4.08209% 1,635,000.00 5,562.04 0.00 0.00 B-3 2,452,000.00 4.08209% 2,452,000.00 8,341.36 0.00 0.00 B-4 1,635,000.00 4.08209% 1,635,000.00 5,562.04 0.00 0.00 B-5 1,226,000.00 4.08209% 1,226,000.00 4,170.68 0.00 0.00 B-6 1,228,821.51 4.08209% 1,228,821.51 4,180.28 0.00 0.00 X 0.00 3.30637% 400,629,000.00 1,050,546.06 0.00 0.00 Totals 408,805,921.51 1,390,698.08 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 299,126.85 0.00 396,415,557.49 A-R 0.00 0.00 0.34 0.00 0.00 B-1 0.00 0.00 13,208.43 0.00 4,088,000.00 B-2 0.00 0.00 5,562.04 0.00 1,635,000.00 B-3 0.00 0.00 8,341.36 0.00 2,452,000.00 B-4 0.00 0.00 5,562.04 0.00 1,635,000.00 B-5 0.00 0.00 4,170.68 0.00 1,226,000.00 B-6 0.00 0.00 4,180.27 0.00 1,228,821.51 X 0.00 0.00 1,050,546.06 0.00 400,503,557.49 Totals 0.00 0.00 1,390,698.07 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 396,541,000.00 2.43000% 1000.00000000 0.75434028 0.00000000 0.00000000 A-R 100.00 4.08209% 1000.00000000 3.40000000 0.00000000 0.00000000 B-1 4,088,000.00 3.87709% 1000.00000000 3.23102495 0.00000000 0.00000000 B-2 1,635,000.00 4.08209% 1000.00000000 3.40185933 0.00000000 0.00000000 B-3 2,452,000.00 4.08209% 1000.00000000 3.40185971 0.00000000 0.00000000 B-4 1,635,000.00 4.08209% 1000.00000000 3.40185933 0.00000000 0.00000000 B-5 1,226,000.00 4.08209% 1000.00000000 3.40185971 0.00000000 0.00000000 B-6 1,228,821.51 4.08209% 1000.00000000 3.40186102 0.00000000 0.00000000 X 0.00 3.30637% 1000.00000000 2.62224167 0.00000000 0.00000000 (5) Per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 0.75434028 0.00000000 999.68365816 A-R 0.00000000 0.00000000 3.40000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.23102495 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.40185933 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.40185971 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.40185933 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.40185971 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.40185289 0.00000000 1000.00000000 X 0.00000000 0.00000000 2.62224167 0.00000000 999.68688610 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1,620,145.42 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1,620,145.42 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 103,904.84 Payment of Interest and Principal 1,516,240.58 Total Withdrawals (Pool Distribution Amount) 1,620,145.42 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 102,201.49 Special Servicing Fee 0.00 Trustee Fee 1,703.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 103,904.84

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 0.00 0.00 5,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02446149% 100,000.00 0.02446900% Fraud 8,176,118.00 1.99999989% 8,176,118.00 2.00061427% Special Hazard 12,264,821.51 3.00015750% 12,264,821.51 3.00107912% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.387225% Weighted Average Net Coupon 4.087225% Weighted Average Pass-Through Rate 4.082225% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 411 Number Of Loans Paid In Full 0 Ending Scheduled Collateral Loan Count 411 Beginning Scheduled Collateral Balance 408,805,922.00 Ending Scheduled Collateral Balance 408,680,379.00 Ending Actual Collateral Balance at 30-Nov-2001 408,680,379.00 Monthly P &I Constant 1,536,255.28 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 408,680,379.00 Scheduled Principal 41,652.38 Unscheduled Principal 83,890.13

Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%

Filing Compare · GREENWICH CAPITAL ACCEPTANCE INC MRT LN PS TH CRT SR 01 FRB1