8-K 1 msc01001.txt APRIL 8-K 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 16, 2001 MORGAN STANLEY DEAN WITTER CAPITAL I 2001-1 TRUST Mortgage Pass-Through Certificates, Series 2001-1 (Exact name of registrant as specified in its charter) New York (governing law of 033-46723-03 Pooling and Servicing Agreement) (Commission 52-2267488 (State or other File Number) 52-2267489 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On April 16, 2001 a distribution was made to holders of MORGAN STANLEY DEAN WITTER CAPITAL I 2001-1 TRUST, Mortgage Pass-Through Certificates, Series 2001-1. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-1, relating to the April 16, 2001 distribution. 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. MORGAN STANLEY DEAN WITTER CAPITAL I 2001-1 TRUST Mortgage Pass-Through Certificates, Series 2001-1 By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Sherri Sharps, Vice President By: Sherri Sharps, Vice President Date: 4/16/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-1, relating to the April 16, 2001 distribution.

~~Certificateholder~~Morgan Stanley Capital I Inc. Mortgage Pass-Through Certificates Record Date: 3/31/01 Distribution ~~Summary~~Date: 4/16/01 MSMC Series: 2001-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (~~continued~~301) ~~Current~~815-6600 ~~Ending~~Fax: ~~Cumulative~~(301) ~~Realized~~846-8152 Certificateholder Distribution Summary Certificate ~~Total~~Certificate ~~Realized~~Beginning Class ~~Loss~~Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution ~~Losses~~Distribution A-1 061746WGC8 SEN 5.0042375% 296,481,759.85 41,~~223~~429,~~396~~371.3951 03,986,009.0080 IO MSC0101OC SUB 0.0000000% 0.00 0.00 0.00 R MSC0101RI RES 0.0000000% 0.00 0.00 0.00 R-1 MSC011RII RES 0.0000000% 0.00 0.00 0.00 Totals ~~0.00~~ 296,481,759.85 41,~~223~~429,~~396~~371.3951 03,986,009.~~00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~80

~~Principal~~Certificateholder Distribution ~~Statement~~Summary ~~Original~~(continued) ~~Beginning~~Current ~~Scheduled~~Ending ~~Unscheduled~~Cumulative ~~Face~~Realized Certificate ~~Principal~~Total ~~Principal~~ Realized Class ~~Amount~~Loss Balance Distribution ~~Distribution~~Losses ~~Accretion Loss (1)~~ A-1 ~~300,000,000~~0.00 ~~300~~292,~~000~~495,~~000~~750.0005 ~~0.00 3~~5,~~518~~415,~~240~~381.1431 0.00 ~~0.00~~ IO 0.00 0.00 0.00 0.00 ~~0.00 0.00~~ R 0.00 0.00 0.00 0.00 ~~0.00 0.00~~ R-1 0.00 0.00 0.00 0.00 ~~0.00~~Totals 0.00 ~~Totals 300~~292,~~000~~495,~~000~~750.0005 ~~300~~5,~~000~~415,~~000~~381.0031 0.00 ~~3,518,240.14~~All ~~0.00~~distributions ~~0.00~~required ~~(1)~~by ~~Amount~~the ~~Does~~Pooling ~~Not~~and ~~Include~~Servicing ~~Excess~~Agreement ~~Special~~have ~~Hazard,~~been ~~Bankruptcy,~~calculated orby ~~Fraud~~the ~~Losses~~Certificate ~~Unless~~Administrator ~~Otherwise~~on ~~Disclosed.~~behalf ~~Please~~of ~~Refer to~~ the ~~Prospectus Supplement for a Full Description~~Trustee.

Principal Distribution Statement ~~(continued)~~Original ~~Total~~Beginning ~~Ending~~Scheduled ~~Ending~~Unscheduled ~~Total~~Face ~~Principal~~ Certificate ~~Certificate~~Principal Principal Realized Class ~~Reduction~~Amount Balance ~~Percentage~~Distribution Distribution Accretion Loss (1) A-1 3300,~~518~~000,~~240~~000.1400 296,481,759.85 0.~~98827253~~00 3,~~518~~986,~~240~~009.1480 0.00 0.00 IO 0.00 0.00 0.~~00000000~~00 0.00 0.00 0.00 R 0.00 0.00 0.~~00000000~~00 0.00 0.00 0.00 R-1 0.00 0.00 0.~~00000000~~00 0.00 0.00 0.00 Totals 3300,~~518~~000,~~240~~000.1400 296,481,759.85 0.~~98827253~~00 3,~~518~~986,~~240~~009.1480 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 ~~Factors~~ Statement ~~Original~~(continued) ~~Beginning~~Total ~~Scheduled~~Ending ~~Unscheduled~~Ending ~~Face~~Total Principal Certificate ~~Principal~~Certificate Principal Class ~~(2)~~Reduction ~~Amount~~ Balance ~~Distribution~~Percentage Distribution ~~Accretion~~ A-1 ~~300~~3,~~000~~986,~~000~~009.0080 ~~1000~~292,495,750.~~00000000~~05 0.~~00000000~~97498583 113,986,009.~~72746713~~80 ~~0.00000000~~ IO 0.00 0.~~00000000~~00 0.00000000 0.~~00000000~~00 ~~0.00000000~~ R 0.00 0.~~00000000~~00 0.00000000 0.~~00000000~~00 ~~0.00000000~~ R-1 0.00 0.~~00000000~~00 0.00000000 0.~~00000000~~00 0Totals 3,986,009.~~00000000~~80 ~~(2)~~292,495,750.05 ~~Per~~0.97498583 $13,~~000 denomination~~986,009.80

Principal Distribution Factors Statement ~~(continued)~~Original ~~Total~~Beginning ~~Ending~~Scheduled ~~Ending~~Unscheduled ~~Total~~Face ~~Realized~~Certificate Principal ~~Certificate Certificate~~ Principal Class ~~Loss~~ (32) ~~Reduction~~Amount Balance ~~Percentage~~Distribution Distribution Accretion A-1 0300,000,000.~~00000000~~00 ~~11.72746713~~ 988.27253283 0.~~98827253~~00000000 1113.~~72746713~~28669933 0.00000000 IO 0.~~00000000~~00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.~~00000000~~00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.~~00000000~~00 0.00000000 0.00000000 0.00000000 0.00000000 (32) ~~Amount~~Per ~~Does Not Include Excess Special Hazard~~$1,000 ~~Bankrupcy, or Fraud Losses Unless Otherwise Disclosed~~denomination. ~~Please Refer to the Prospectus Supplement for a Full Description.~~

~~Interest~~Principal Distribution Factors Statement ~~Beginning~~(continued) ~~Payment~~Total ofEnding ~~Original~~Ending ~~Current~~Total ~~Certificate/~~Realized ~~Current~~Principal ~~Unpaid~~Certificate ~~Current Face~~ Certificate ~~Notional~~Principal ~~Accrued Interest Interest~~ Class ~~Amount~~Loss ~~Rate~~(3) Reduction Balance ~~Interest~~Percentage ~~Shortfall~~Distribution ~~Shortfall~~ A-1 ~~300,000,000~~0.0000000000 513.~~64125%~~28669933 ~~300,000,000~~974.0098583350 ~~705,156.25~~ 0.0097498583 013.0028669933 IO 0.0000000000 0.~~00000%~~00000000 ~~300,000,000.00~~ 0.0000000000 0.0000000000 0.0000000000 R 0.0000000000 0.~~00000%~~00000000 0.0000000000 0.0000000000 0.0000000000 ~~0.00~~ R-1 0.0000000000 0.~~00000%~~00000000 0.0000000000 0.0000000000 0.0000000000 ~~0.00~~(3) ~~Totals~~Amount ~~300~~Does Not Include Excess Special Hazard,~~000,000.00~~ ~~705~~Bankrupcy,~~156.25~~ 0or Fraud Losses Unless Otherwise Disclosed.00 0Please Refer to the Prospectus Supplement for a Full Description.00

Interest Distribution Statement ~~(continued)~~Beginning ~~Remaining~~Payment ~~Ending~~of ~~Non-Supported~~Original ~~Total~~Current Certificate/ Current Unpaid Current Face Certificate/ ~~Interest~~Notional ~~Realized~~Accrued Interest Interest ~~Notional~~ Class ~~Shortfall~~Amount ~~Losses~~Rate ~~(4)~~Balance ~~Distribution~~Interest Shortfall ~~Balance~~Shortfall A-1 0300,000,000.00 05.0042375% ~~705,156.25 0.00~~ 296,481,759.85 IO1,429,371.51 0.00 0.00 IO 0.00 0.0000000% 298,428,340.14 R 0.00 0.00 0.00 R 0.00 0.0000000% ~~R-1~~ 0.00 0.00 0.00 0.00 R-1 0.00 ~~Totals~~0.00000% 0.00 0.00 ~~705,156~~0.2500 0.00 ~~(4)~~Totals ~~Amount Does Not Include Excess Special Hazard~~300,000,000.00 ~~Bankrupcy~~1,429,371.51 ~~or Fraud Losses Unless Otherwise Disclosed~~0.00 ~~Please Refer to the Prospectus Supplement for a Full Description~~0.00

Interest Distribution ~~Factors~~ Statement ~~Beginning~~(continued) ~~Payment~~Remaining ofEnding ~~Original~~Non-Supported ~~Current~~Total ~~Certificate/ Current~~ Unpaid ~~Current Face~~ Certificate/ ~~Notional~~Interest ~~Accrued~~Realized Interest Interest Notional Class Shortfall Losses (54) ~~Amount~~Distribution ~~Rate~~Shortfall Balance ~~Interest Shortfall Shortfall~~ A-1 ~~300,000,000~~0.00 50.~~64125%~~00 ~~1000~~1,429,371.~~00000000~~51 ~~2.35052083~~ 0.~~00000000~~00 0292,495,750.~~00000000~~05 IO 0.00 0.~~00000%~~00 0.~~00000000~~00 0.~~00000000~~00 0294,935,866.~~00000000~~47 ~~0.00000000~~ R 0.00 0.~~00000%~~00 0.~~00000000~~00 0.~~00000000~~00 0.~~00000000~~00 ~~0.00000000~~ R-1 0.00 0.~~00000%~~00 0.~~00000000~~00 0.~~00000000~~00 0.~~00000000~~00 Totals 0.~~00000000~~00 0.00 1,429,371.51 0.00 (54) ~~Per~~Amount $1Does Not Include Excess Special Hazard,~~000~~ ~~denomination~~Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement ~~(continued)~~Beginning ~~Remaining~~Payment ~~Ending~~of ~~Non-Supported~~Original ~~Total~~Current ~~Unpaid~~ Certificate/ ~~Interest~~Current ~~Realized~~Unpaid ~~Interest~~Current ~~Interest~~Face Certificate Notional ~~Class~~Accrued ~~Shortfall~~Interest ~~Losses~~Interest Class (65) ~~Distribution~~Amount ~~Shortfall~~Rate Balance Interest Shortfall Shortfall A-1 0300,000,000.~~00000000~~00 05.~~00000000~~42375% 2988.~~35052083~~27253283 4.76457170 0.00000000 ~~988~~0.~~27253283~~00000000 IO 0.~~00000000~~00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.~~00000000~~00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.~~00000000~~00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (65) ~~Amount~~Per ~~Does Not Include Excess Special Hazard~~$1,000 ~~Bankrupcy,or Fraud Losses Unless Otherwise Disclosed~~denomination. ~~Please Refer to the Prospectus Supplement for a Full Description.~~

~~Certificateholder~~Interest ~~Component~~Distribution Factors Statement ~~Component~~(continued) ~~Beginning~~Remaining Ending ~~Beginning~~Non-Supported ~~Ending~~Total ~~Ending~~Unpaid ~~Pass-Through~~Certificate/ ~~Notional~~Interest ~~Notional~~Realized ~~Component~~Interest ~~Component~~Interest ~~Component~~Notional Class ~~Rate~~Shortfall ~~Balance~~Losses ~~Balance~~(6) ~~Balance~~Distribution Shortfall Balance ~~Percentage~~A-1 ~~FSA~~0.00000000 0.~~14000%~~00000000 ~~300,000,000~~4.0076457170 ~~296,481,759~~0.8600000000 974.98583350 IO 0.0000000000 0.0000000000 980.~~82725329%~~00000000 ~~DEPOSITOR~~ 0.~~00000%~~00000000 0.0000000000 R 0.0000000000 0.0000000000 0.0000000000 0.00000000% ~~FSA_REIMB~~ 0.~~00000%~~00000000 R-1 0.0000000000 0.0000000000 0.0000000000 0.0000000000 0.00000000% (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~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~4,305,386.94~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance ~~Proceeds~~Balance ~~from~~Percentage ~~Repurchased~~FSA ~~Loans~~ 0.0014000% ~~Other~~296,481,759.85 ~~Amounts (Servicer Advances) 4~~292,~~090~~495,750.5205 ~~Realized~~0.00 ~~Losses~~ 0.00 ~~Total~~97.49858335% ~~Deposits~~DEPOSITOR ~~4,309,477~~0.4600000% ~~Withdrawals~~0.00 ~~Reimbursement~~0.00 ~~for~~0.00 ~~Servicer Advances~~ 0.00 ~~Payment~~0.00000000% ofFSA_REIMB ~~Service~~0.00000% ~~Fee 86,081~~0.0700 ~~Payment of Interest and Principal 4,223,396~~0.3900 ~~Total Withdrawals (Pool Distribution Amount) 4,309,477~~0.4600 ~~Ending Balance~~ 0.00 0.00000000%

SERVICING FEES Gross Servicing Fee 5057,~~079~~110.5040 Trustee Fee Wells Fargo Bank N.A. 1,~~001~~142.5739 FSA Premium 3534,~~000~~589.0054 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8692,~~081~~842.0733

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 41 0 0 0 41 ~~613~~1,~~461~~100,000.8300 0.00 0.00 0.00 ~~613~~1,~~461~~100,000.8300 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 41 0 0 0 41 ~~613~~1,~~461~~100,000.8300 0.00 0.00 0.00 ~~613~~1,~~461~~100,000.8300 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.~~728597~~154083% 0.000000% 0.000000% 0.000000% 0.~~728597~~154083% 0.~~257934~~406820% 0.000000% 0.000000% 0.000000% 0.~~257934~~406820% 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.~~728597~~154083% 0.000000% 0.000000% 0.000000% 0.~~728597~~154083% 0.~~257934~~406820% 0.000000% 0.000000% 0.000000% 0.~~257934~~406820%

OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 46,~~090~~531.5225

Class IO 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 87.~~074349~~743723% Weighted Average Net Coupon 7.~~824348~~493722% Weighted Average Pass-Through Rate 7.~~819347~~488721% Weighted Average Maturity (Stepdown Calculation) ~~323~~322 Beginning Scheduled Collateral Loan Count ~~555~~549 Number Of Loans Paid In Full 6(100) Ending Scheduled Collateral Loan Count ~~549~~649 Beginning Scheduled Collateral Balance ~~240~~237,~~381~~836,~~664~~714.45 Ending Scheduled Collateral Balance ~~237~~270,~~836~~389,~~714~~618.4551 Ending Actual Collateral Balance at 2831-~~Feb~~Mar-2001 ~~237~~270,~~836~~389,~~714~~618.4551 Monthly P & I Constant 1,~~617~~768,~~437~~981.8859 Ending Scheduled Balance for Premium Loans ~~237~~270,~~836~~389,~~714~~618.4551 ~~Scheduled Principal 0.00 Unscheduled Principal 2,544,950.00~~ Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~973~~246,~~290~~768.1416 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 3,000,000.00 Overcollateralized Amount ~~973~~1,~~290~~220,058.1421 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra ~~Principal~~principal ~~Distribution~~distribution Amount ~~973~~246,~~290~~768.1416 Excess Cash Amount ~~973~~246,~~290~~768.1416

Prefunding Account Transfer ~~147,089~~0.6100

Filing Compare · MORGAN STANLEY DEAN WIT CAP I INC MOR PAS-THR CER SER 2001-1