8-K 1 pmac981_8k2qtr02.txt APR 25, MAY 28, JUN 25, 2002 PDS UNITED STATES 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) : April 25, 2002 PAINEWEBBER MORTGAGE ACCEPTANCE CORP. IV (as depositor under a Pooling and Servicing Agreement, dated as of July 1, 1998, providing for, inter alia, the issuance of PaineWebber Mortgage Acceptance Corp. IV Mortgage Pass-Through Certificates, Series 1998-1) PAINEWEBBER MORTGAGE ACCEPTANCE CORP. IV (Exact name of registrant as specified in its charter) Delaware 333-15685-01 06-1204982 State or Other Jurisdiction (Commission (IRS Employer of Incorporation ) File Number) Identification No.) 1285 Avenue of the Americas New York, New York 10019 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code :(212)713-2000 N/A (Former name or former address, if changed since last report.) Item 5. Other Events. This report and the attached exhibit is being filed with respect to the Registrant's PaineWebber Mortgage Acceptance Corp. IV Mortgage Pass-Through Certificates, Series 1998-1 (the "Certificates") pursuant to "no-action" positions taken by the Securities and Exchange Commission with respect to alternative means of satisfying the Registrant's reporting obligations under the Securities Exchange Act of 1934, as amended. The Certificates were issued, and this report and exhibit is being filed, pursuant to the terms of the Pooling and Servicing Agreement, dated as of July 1, 1998 among PaineWebber Mortgage Acceptance Corp. IV, as depositor, Provident Funding Accociates, L.P., as originator, Provident Funding Associates, L.P., as servicer, and The Chase Manhattan Bank, as trustee. On April 25, 2002, May 28, 2002, and June 25, 2002 distributions were made to the Certificateholders. Specific information with respect to the distributions is filed as Exhibit 99.1, Exhibit 99.2, and Exhibit 99.3. No other reportable transactions or matters have occurred during the current reporting period. Item 7. Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) The following exhibits are filed as part of this report: Statement to Certificateholders on April 25, 2002 is filed as Exhibit 99.1 hereto. Statement to Certificateholders on May 28, 2002 is filed as Exhibit 99.2 hereto. Statement to Certificateholders on June 25, 2002 is filed as Exhibit 99.3 hereto. -2- PAINEWEBBER MORTGAGE ACCEPTANCE CORP. IV PAINEWEBBER MORTGAGE ACCEPTANCE CORP. IV MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-1 ---------------------------------------------------------------------------- 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 hereunto duly authorized. JPMORGAN CHASE BANK, not in its individual capacity but solely as Trustee under the Agreement referred to herein Date: November 20, 2002 By: /s/ Diane E. Wallace --------------------------------------- Diane E. Wallace Assistant Vice President -3- INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Certificateholder Statement on April 25, 2002 99.2 Monthly Certificateholder Statement on May 28, 2002 99.3 Monthly Certificateholder Statement on June 25, 2002 -4- Exhibit 99.1 Monthly Certificateholder Statement on April 25, 2002 PaineWebber Mortgage Acceptance Corp. IV Mortgage Pass-Through Certificates, Series 1998-1 Statement to Certificate Holders April 25, 2002 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- A1 168,680,000.00 31,183,220.74 5,471,088.17 175,405.62 5,646,493.79 0.00 0.00 25,712,132.57 A2 16,360,500.00 16,360,500.00 0.00 88,619.38 88,619.38 0.00 0.00 16,360,500.00 A3 5,330,000.00 5,330,000.00 0.00 31,091.67 31,091.67 0.00 0.00 5,330,000.00 A4 11,030,500.00 11,030,500.00 0.00 64,344.58 64,344.58 0.00 0.00 11,030,500.00 A5 9,750,000.00 9,750,000.00 0.00 21,937.50 21,937.50 0.00 0.00 9,750,000.00 A6 3,250,000.00 3,250,000.00 0.00 51,187.50 51,187.50 0.00 0.00 3,250,000.00 A7 19,852,941.00 19,852,941.00 0.00 43,841.91 43,841.91 0.00 0.00 19,852,941.00 A8 5,147,059.00 5,147,059.00 0.00 96,783.06 96,783.06 0.00 0.00 5,147,059.00 PO 213,572.38 156,396.55 218.97 0.00 218.97 0.00 0.00 156,177.58 AR 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M 4,629,500.00 4,443,504.90 5,057.10 24,994.72 30,051.82 0.00 0.00 4,438,447.80 B1 2,377,000.00 2,281,501.46 2,596.55 12,833.45 15,430.00 0.00 0.00 2,278,904.91 B2 1,376,000.00 1,320,717.70 1,503.09 7,429.04 8,932.13 0.00 0.00 1,319,214.61 B3 751,000.00 720,827.77 820.37 4,054.66 4,875.03 0.00 0.00 720,007.40 B4 751,000.00 720,827.77 820.37 4,054.66 4,875.03 0.00 0.00 720,007.40 B5 751,363.93 721,177.43 820.76 4,056.62 4,877.38 0.00 0.00 720,356.67 TOTALS 250,250,536.31 112,269,174.32 5,482,925.38 630,634.37 6,113,559.75 0.00 0.00 106,786,248.94 AX 229,442,969.52 96,731,843.83 0.00 27,932.33 27,932.33 0.00 0.00 91,274,810.22 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES --------------------------------------------------------------------------------------------------------- ---------------------- BEGINNING ENDING CURRENT CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THRU RATE --------------------------------------------------------------------------------------------------------- ---------------------- A1 69573CAT2 184.86614145 32.43471763 1.03987207 33.47458970 152.43142382 A1 6.750000 % A2 69573CAU9 1,000.00000000 0.00000000 5.41666697 5.41666697 1,000.00000000 A2 6.500000 % A3 69573CAV7 1,000.00000000 0.00000000 5.83333396 5.83333396 1,000.00000000 A3 7.000000 % A4 69573CAW5 1,000.00000000 0.00000000 5.83333303 5.83333303 1,000.00000000 A4 7.000000 % A5 69573CAX3 1,000.00000000 0.00000000 2.25000000 2.25000000 1,000.00000000 A5 2.700000 % A6 69573CAY1 1,000.00000000 0.00000000 15.75000000 15.75000000 1,000.00000000 A6 18.900000 % A7 69573CAZ8 1,000.00000000 0.00000000 2.20833326 2.20833326 1,000.00000000 A7 2.650000 % A8 69573CBA2 1,000.00000000 0.00000000 18.80356530 18.80356530 1,000.00000000 A8 22.564278 % PO 69573CBC8 732.28827623 1.02527302 0.00000000 1.02527302 731.26300320 PO 0.000000 % AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 6.750000 % M 69573CBE4 959.82393347 1.09236419 5.39901069 6.49137488 958.73156928 M 6.750000 % B1 69573CBF1 959.82392091 1.09236432 5.39901136 6.49137568 958.73155658 B1 6.750000 % B2 69573CBG9 959.82390988 1.09236192 5.39901163 6.49137355 958.73154797 B2 6.750000 % B3 69573CBH7 959.82392810 1.09237017 5.39901465 6.49138482 958.73155792 B3 6.750000 % B4 69573CBJ3 959.82392810 1.09237017 5.39901465 6.49138482 958.73155792 B4 6.750000 % B5 69573CBK0 959.82439562 1.09236013 5.39900817 6.49136830 958.73203549 B5 6.750000 % TOTALS 448.62710776 21.90974477 2.52001206 24.42975684 426.71736299 AX 69573CBB0 421.59428128 0.00000000 0.12173975 0.12173975 397.81044680 AX 0.346513 % ---------------------------------------------------------------------------------------------------------- ------------------------ IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Robert Wainwright JPMorgan Chase Bank - Structured Finance Services 450 West 33 St, 14th fl, New York, New York 10001 Tel: (212)946-7551 Email: robert.wainwright@chase.com Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. Total Funds 6,142,661.51 Sec. 4.04 (a)(i) Aggregate Principal Prepayment Amount 5,355,137.71 Aggregate Liquidation Proceeds Amount 0.00 Sec. 4.06(ii) Unpaid Interest Shortfalls for A1 0.00 A2 0.00 A3 0.00 A4 0.00 A5 0.00 A6 0.00 A7 0.00 A8 0.00 AR 0.00 AX 0.00 M 0.00 B1 0.00 B2 0.00 B3 0.00 B4 0.00 B5 0.00 Shortfalls Paid for A1 0.00 A2 0.00 A3 0.00 A4 0.00 A5 0.00 A6 0.00 A7 0.00 A8 0.00 AR 0.00 AX 0.00 M 0.00 B1 0.00 B2 0.00 B3 0.00 B4 0.00 B5 0.00 Sec. 4.06(v) Beginning Pool Stated Principal Balance 112,269,173.99 Ending Pool Stated Principal Balance 106,786,248.62 Sec. 4.06(vi) Senior Percentage for the following distribution date 90.437 % Subordinate Percentage for the following distribution date 9.563 % Sec. 4.06(vii) Master Servicing Fees 23,389.41 Trustee Fees 1,169.47 Sec. 4.06(ix) Current Advance 23,610.86 Aggregate Advances Outstanding 23,610.86 Sec. 4.06(x) Number and Aggregate Principal Balance of Delinquent Mortgage Loans Group 1 PERIOD NUMBER PRINCIPAL PERCENTAGE BALANCE --------------------------------------------------------------- 0-30 days 8 2,317,122.48 2.17 % 31-60 days 1 279,894.74 0.26 % 61-90 days 0 0.00 0.00 % 91+days 2 700,164.89 0.66 % Total 11 3,297,182.11 3.09 % --------------------------------------------------------------- Loans in Foreclosure Group 1 NUMBER PRINCIPAL BALANCE PERCENTAGE --------------------------------------------------------------- 0 0.00 0.00 % --------------------------------------------------------------- Total Number and Principal Balances of the REO Properties Group Totals NUMBER PRINCIPAL BALANCE PERCENTAGE --------------------------------------------------------------- 0 0.00 0.00 % --------------------------------------------------------------- Sec. 4.06(xiii) Senior Prepayment Percentage 100.00 % Sec. 4.06(xiv) Current Amount of Realized Losses 0.00 Sec. 4.06 (xv) Special Hazard Loss Coverage Amount 2,768,789.50 Fraud Loss Coverage Amount 1,534,404.34 Bankruptcy Loss Coverage Amount 100,000.00 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

Exhibit 99.2 Monthly Certificateholder Statement on May 28, 2002 PaineWebber Mortgage Acceptance Corp. IV Mortgage Pass-Through Certificates, Series 1998-1 Statement to Certificate Holders May 28, 2002 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- A1 168,680,000.00 25,712,132.57 4,303,227.43 144,630.75 4,447,858.18 0.00 0.00 21,408,905.14 A2 16,360,500.00 16,360,500.00 0.00 88,619.38 88,619.38 0.00 0.00 16,360,500.00 A3 5,330,000.00 5,330,000.00 0.00 31,091.67 31,091.67 0.00 0.00 5,330,000.00 A4 11,030,500.00 11,030,500.00 0.00 64,344.58 64,344.58 0.00 0.00 11,030,500.00 A5 9,750,000.00 9,750,000.00 0.00 21,531.25 21,531.25 0.00 0.00 9,750,000.00 A6 3,250,000.00 3,250,000.00 0.00 51,593.75 51,593.75 0.00 0.00 3,250,000.00 A7 19,852,941.00 19,852,941.00 0.00 43,014.71 43,014.71 0.00 0.00 19,852,941.00 A8 5,147,059.00 5,147,059.00 0.00 97,610.27 97,610.27 0.00 0.00 5,147,059.00 PO 213,572.38 156,177.58 227.22 0.00 227.22 0.00 0.00 155,950.36 AR 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M 4,629,500.00 4,438,447.80 5,104.55 24,966.27 30,070.82 0.00 0.00 4,433,343.25 B1 2,377,000.00 2,278,904.91 2,620.91 12,818.84 15,439.75 0.00 0.00 2,276,284.00 B2 1,376,000.00 1,319,214.61 1,517.20 7,420.58 8,937.78 0.00 0.00 1,317,697.41 B3 751,000.00 720,007.40 828.06 4,050.04 4,878.10 0.00 0.00 719,179.34 B4 751,000.00 720,007.40 828.06 4,050.04 4,878.10 0.00 0.00 719,179.34 B5 751,363.93 720,356.67 828.44 4,052.01 4,880.45 0.00 0.00 719,528.23 TOTALS 250,250,536.31 106,786,248.94 4,315,181.87 599,794.14 4,914,976.01 0.00 0.00 102,471,067.07 AX 229,442,969.52 91,274,810.22 0.00 25,996.94 25,996.94 0.00 0.00 86,988,226.92 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES --------------------------------------------------------------------------------------------------------- ---------------------- BEGINNING ENDING CURRENT CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THRU RATE --------------------------------------------------------------------------------------------------------- ---------------------- A1 69573CAT2 152.43142382 25.51118941 0.85742678 26.36861620 126.92023441 A1 6.750000 % A2 69573CAU9 1,000.00000000 0.00000000 5.41666697 5.41666697 1,000.00000000 A2 6.500000 % A3 69573CAV7 1,000.00000000 0.00000000 5.83333396 5.83333396 1,000.00000000 A3 7.000000 % A4 69573CAW5 1,000.00000000 0.00000000 5.83333303 5.83333303 1,000.00000000 A4 7.000000 % A5 69573CAX3 1,000.00000000 0.00000000 2.20833333 2.20833333 1,000.00000000 A5 2.650000 % A6 69573CAY1 1,000.00000000 0.00000000 15.87500000 15.87500000 1,000.00000000 A6 19.050000 % A7 69573CAZ8 1,000.00000000 0.00000000 2.16666689 2.16666689 1,000.00000000 A7 2.600000 % A8 69573CBA2 1,000.00000000 0.00000000 18.96428038 18.96428038 1,000.00000000 A8 22.757135 % PO 69573CBC8 731.26300320 1.06390161 0.00000000 1.06390161 730.19910159 PO 0.000000 % AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 6.750000 % M 69573CBE4 958.73156928 1.10261367 5.39286532 6.49547899 957.62895561 M 6.750000 % B1 69573CBF1 958.73155658 1.10261254 5.39286496 6.49547749 957.62894405 B1 6.750000 % B2 69573CBG9 958.73154797 1.10261628 5.39286337 6.49547965 957.62893169 B2 6.750000 % B3 69573CBH7 958.73155792 1.10260985 5.39286285 6.49547270 957.62894807 B3 6.750000 % B4 69573CBJ3 958.73155792 1.10260985 5.39286285 6.49547270 957.62894807 B4 6.750000 % B5 69573CBK0 958.73203549 1.10258154 5.39287267 6.49545421 957.62945395 B5 6.750000 % TOTALS 426.71736299 17.24344704 2.39677464 19.64022169 409.47391594 AX 69573CBB0 397.81044680 0.00000000 0.11330458 0.11330458 379.12788133 AX 0.341785 % ---------------------------------------------------------------------------------------------------------- ------------------------ IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Robert Wainwright JPMorgan Chase Bank - Structured Finance Services 450 West 33 St, 14th fl, New York, New York 10001 Tel: (212)946-7551 Email: robert.wainwright@chase.com Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. Total Funds 4,942,085.29 Sec. 4.04 (a)(i) Aggregate Principal Prepayment Amount 4,192,354.58 Aggregate Liquidation Proceeds Amount 0.00 Sec. 4.06(ii) Unpaid Interest Shortfalls for A1 0.00 A2 0.00 A3 0.00 A4 0.00 A5 0.00 A6 0.00 A7 0.00 A8 0.00 AR 0.00 AX 0.00 M 0.00 B1 0.00 B2 0.00 B3 0.00 B4 0.00 B5 0.00 Shortfalls Paid for A1 0.00 A2 0.00 A3 0.00 A4 0.00 A5 0.00 A6 0.00 A7 0.00 A8 0.00 AR 0.00 AX 0.00 M 0.00 B1 0.00 B2 0.00 B3 0.00 B4 0.00 B5 0.00 Sec. 4.06(v) Beginning Pool Stated Principal Balance 106,786,248.62 Ending Pool Stated Principal Balance 102,471,066.73 Sec. 4.06(vi) Senior Percentage for the following distribution date 90.045 % Subordinate Percentage for the following distribution date 9.955 % Sec. 4.06(vii) Master Servicing Fees 22,247.14 Trustee Fees 1,112.36 Sec. 4.06(ix) Current Advance 31,198.94 Aggregate Advances Outstanding 31,198.94 Sec. 4.06(x) Number and Aggregate Principal Balance of Delinquent Mortgage Loans Group 1 PERIOD NUMBER PRINCIPAL PERCENTAGE BALANCE --------------------------------------------------------------- 0-30 days 11 3,367,708.93 3.29 % 31-60 days 0 0.00 0.00 % 61-90 days 1 279,589.36 0.27 % 91+days 2 699,419.69 0.68 % Total 14 4,346,717.98 4.24 % --------------------------------------------------------------- Loans in Foreclosure Group 1 NUMBER PRINCIPAL BALANCE PERCENTAGE --------------------------------------------------------------- 0 0.00 0.00 % --------------------------------------------------------------- Total Number and Principal Balances of the REO Properties Group Totals NUMBER PRINCIPAL BALANCE PERCENTAGE --------------------------------------------------------------- 0 0.00 0.00 % --------------------------------------------------------------- Sec. 4.06(xiii) Senior Prepayment Percentage 100.00 % Sec. 4.06(xiv) Current Amount of Realized Losses 0.00 Sec. 4.06 (xv) Special Hazard Loss Coverage Amount 2,552,585.02 Fraud Loss Coverage Amount 1,534,404.34 Bankruptcy Loss Coverage Amount 100,000.00 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

Exhibit 99.3 Monthly Certificateholder Statement on June 25, 2002 PaineWebber Mortgage Acceptance Corp. IV Mortgage Pass-Through Certificates, Series 1998-1 Statement to Certificate Holders June 25, 2002 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- A1 168,680,000.00 21,408,905.14 5,093,433.63 120,425.09 5,213,858.72 0.00 0.00 16,315,471.51 A2 16,360,500.00 16,360,500.00 0.00 88,619.38 88,619.38 0.00 0.00 16,360,500.00 A3 5,330,000.00 5,330,000.00 0.00 31,091.67 31,091.67 0.00 0.00 5,330,000.00 A4 11,030,500.00 11,030,500.00 0.00 64,344.58 64,344.58 0.00 0.00 11,030,500.00 A5 9,750,000.00 9,750,000.00 0.00 21,450.00 21,450.00 0.00 0.00 9,750,000.00 A6 3,250,000.00 3,250,000.00 0.00 51,675.00 51,675.00 0.00 0.00 3,250,000.00 A7 19,852,941.00 19,852,941.00 0.00 42,849.26 42,849.26 0.00 0.00 19,852,941.00 A8 5,147,059.00 5,147,059.00 0.00 97,775.71 97,775.71 0.00 0.00 5,147,059.00 PO 213,572.38 155,950.36 219.88 0.00 219.88 0.00 0.00 155,730.48 AR 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M 4,629,500.00 4,433,343.25 5,154.70 24,937.56 30,092.26 0.00 0.00 4,428,188.55 B1 2,377,000.00 2,276,284.00 2,646.66 12,804.10 15,450.76 0.00 0.00 2,273,637.34 B2 1,376,000.00 1,317,697.41 1,532.10 7,412.05 8,944.15 0.00 0.00 1,316,165.31 B3 751,000.00 719,179.34 836.20 4,045.38 4,881.58 0.00 0.00 718,343.14 B4 751,000.00 719,179.34 836.20 4,045.38 4,881.58 0.00 0.00 718,343.14 B5 751,363.93 719,528.23 836.60 4,047.35 4,883.95 0.00 0.00 718,691.63 TOTALS 250,250,536.31 102,471,067.07 5,105,495.97 575,522.51 5,681,018.48 0.00 0.00 97,365,571.10 AX 229,442,969.52 86,988,226.92 0.00 24,748.24 24,748.24 0.00 0.00 81,908,144.50 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES --------------------------------------------------------------------------------------------------------- ---------------------- BEGINNING ENDING CURRENT CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THRU RATE --------------------------------------------------------------------------------------------------------- ---------------------- A1 69573CAT2 126.92023441 30.19583608 0.71392631 30.90976239 96.72439833 A1 6.750000 % A2 69573CAU9 1,000.00000000 0.00000000 5.41666697 5.41666697 1,000.00000000 A2 6.500000 % A3 69573CAV7 1,000.00000000 0.00000000 5.83333396 5.83333396 1,000.00000000 A3 7.000000 % A4 69573CAW5 1,000.00000000 0.00000000 5.83333303 5.83333303 1,000.00000000 A4 7.000000 % A5 69573CAX3 1,000.00000000 0.00000000 2.20000000 2.20000000 1,000.00000000 A5 2.640000 % A6 69573CAY1 1,000.00000000 0.00000000 15.90000000 15.90000000 1,000.00000000 A6 19.080000 % A7 69573CAZ8 1,000.00000000 0.00000000 2.15833312 2.15833312 1,000.00000000 A7 2.590000 % A8 69573CBA2 1,000.00000000 0.00000000 18.99642301 18.99642301 1,000.00000000 A8 22.795707 % PO 69573CBC8 730.19910159 1.02953388 0.00000000 1.02953388 729.16956771 PO 0.000000 % AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 6.750000 % M 69573CBE4 957.62895561 1.11344638 5.38666379 6.50011016 956.51550923 M 6.750000 % B1 69573CBF1 957.62894405 1.11344552 5.38666386 6.50010938 956.51549853 B1 6.750000 % B2 69573CBG9 957.62893169 1.11344477 5.38666424 6.50010901 956.51548692 B2 6.750000 % B3 69573CBH7 957.62894807 1.11344874 5.38665779 6.50010652 956.51549933 B3 6.750000 % B4 69573CBJ3 957.62894807 1.11344874 5.38665779 6.50010652 956.51549933 B4 6.750000 % B5 69573CBK0 957.62945395 1.11344179 5.38667061 6.50011240 956.51601215 B5 6.750000 % TOTALS 409.47391594 20.40153858 2.29978532 22.70132390 389.07237737 AX 69573CBB0 379.12788133 0.00000000 0.10786227 0.10786227 356.98694395 AX 0.341401 % ---------------------------------------------------------------------------------------------------------- ------------------------ IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Robert Wainwright JPMorgan Chase Bank - Structured Finance Services 450 West 33 St, 14th fl, New York, New York 10001 Tel: (212)946-7551 Email: robert.wainwright@chase.com Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. Total Funds 5,706,834.22 Sec. 4.04 (a)(i) Aggregate Principal Prepayment Amount 4,986,337.10 Aggregate Liquidation Proceeds Amount 0.00 Sec. 4.06(ii) Unpaid Interest Shortfalls for A1 0.00 A2 0.00 A3 0.00 A4 0.00 A5 0.00 A6 0.00 A7 0.00 A8 0.00 AR 0.00 AX 0.00 M 0.00 B1 0.00 B2 0.00 B3 0.00 B4 0.00 B5 0.00 Shortfalls Paid for A1 0.00 A2 0.00 A3 0.00 A4 0.00 A5 0.00 A6 0.00 A7 0.00 A8 0.00 AR 0.00 AX 0.00 M 0.00 B1 0.00 B2 0.00 B3 0.00 B4 0.00 B5 0.00 Sec. 4.06(v) Beginning Pool Stated Principal Balance 102,471,066.73 Ending Pool Stated Principal Balance 97,365,570.76 Sec. 4.06(vi) Senior Percentage for the following distribution date 89.535 % Subordinate Percentage for the following distribution date 10.465 % Sec. 4.06(vii) Master Servicing Fees 21,348.14 Trustee Fees 1,067.41 Sec. 4.06(ix) Current Advance 21,669.23 Aggregate Advances Outstanding 21,669.23 Sec. 4.06(x) Number and Aggregate Principal Balance of Delinquent Mortgage Loans Group 1 PERIOD NUMBER PRINCIPAL PERCENTAGE BALANCE --------------------------------------------------------------- 0-30 days 7 2,051,375.47 2.11 % 31-60 days 0 0.00 0.00 % 61-90 days 0 0.00 0.00 % 91+days 3 977,952.11 1.00 % Total 10 3,029,327.58 3.11 % --------------------------------------------------------------- Loans in Foreclosure Group 1 NUMBER PRINCIPAL BALANCE PERCENTAGE --------------------------------------------------------------- 0 0.00 0.00 % --------------------------------------------------------------- Total Number and Principal Balances of the REO Properties Group Totals NUMBER PRINCIPAL BALANCE PERCENTAGE --------------------------------------------------------------- 0 0.00 0.00 % --------------------------------------------------------------- Sec. 4.06(xiii) Senior Prepayment Percentage 100.00 % Sec. 4.06(xiv) Current Amount of Realized Losses 0.00 Sec. 4.06 (xv) Special Hazard Loss Coverage Amount 2,549,296.90 Fraud Loss Coverage Amount 1,534,404.34 Bankruptcy Loss Coverage Amount 100,000.00 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

Filing Compare · MORTGAGE PASS THR CERTS SER 1998-1