8-K 1 opt01003.txt SEPT 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): September 25, 2001 OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2001-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-14625-09 Pooling and Servicing Agreement) (Commission (State or other File Number) Pending jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, Maryland 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 September 25, 2001 a distribution was made to holders of OPTION ONE MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2001-3 Trust. 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 Asset Backed Certificates, Series 2001-3 Trust, relating to the September 25, 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. OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2001-3 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 10/4/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2001-3 Trust, relating to the September 25, 2001 distribution. EX-99.1

Option One Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 78/31/01 Distribution Date: 89/2725/01 OOMC Series: 2001-3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 68389FBS2 SEN 43.~~05000~~84000% ~~273~~271,~~000~~967,~~000~~774.0030 ~~952~~841,~~087~~286.5097 1,~~032~~595,~~225~~354.7080 M1 68389FBT0 MEZ 4.~~32000~~11000% 9,750,000.00 3632,~~270~~280.0062 0.00 M2 68389FBU7 MEZ 4.~~69000~~48000% 7,500,000.00 3027,~~289~~066.5867 0.00 M3 68389FBV5 MEZ 5.~~50000~~29000% 6,750,000.00 3128,~~968~~764.7537 0.00 C OPT01003C JUN 0.00000% 23,~~999~~000,~~900~~000.00 ~~782~~1,~~076~~066,781.8478 0.00 P OPT01003P ~~PRE_PA~~PRE_PAY 0.00000% 100.00 255,~~205~~120.2213 0.00 R1 OPT0103R1 RES 0.00000% 0.00 0.00 0.00 R2 OPT0103R2 RES 0.00000% 0.00 0.00 0.00 Totals ~~300~~298,~~000~~967,~~000~~874.0030 12,~~857~~001,~~897~~300.8954 1,~~032~~595,~~225~~354.7080

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~271~~270,~~967~~372,~~774~~419.3050 12,~~984~~436,~~313~~641.2077 0.00 M1 0.00 9,750,000.00 3632,~~270~~280.0062 0.00 M2 0.00 7,500,000.00 3027,~~289~~066.5867 0.00 M3 0.00 6,750,000.00 3128,~~968~~764.7537 0.00 C 0.00 3,000,000.00 ~~782~~1,~~076~~066,781.8478 0.00 P 0.00 100.00 255,~~205~~120.2213 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 ~~298~~297,~~967~~372,~~874~~519.3050 23,~~890~~596,~~123~~655.5934 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 273,000,000.00 ~~273~~271,~~000~~967,~~000~~774.0030 0.00 1,~~032~~595,~~225~~354.7080 0.00 0.00 M1 9,750,000.00 9,750,000.00 0.00 0.00 0.00 0.00 M2 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 M3 6,750,000.00 6,750,000.00 0.00 0.00 0.00 0.00 C 2,999,900.00 23,~~999~~000,~~900~~000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 300,000,000.00 ~~300~~298,~~000~~967,~~000~~874.0030 0.00 1,~~032~~595,~~225~~354.7080 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 1,~~032~~595,~~225~~354.7080 ~~271~~270,~~967~~372,~~774~~419.3050 0.~~99621895~~99037516 1,~~032~~595,~~225~~354.7080 M1 0.00 9,750,000.00 1.00000000 0.00 M2 0.00 7,500,000.00 1.00000000 0.00 M3 0.00 6,750,000.00 1.00000000 0.00 C 0.00 3,000,000.00 1.00003333 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 1,~~032~~595,~~225~~354.7080 ~~298~~297,~~967~~372,~~874~~519.3050 0.~~99655958~~99124173 1,~~032~~595,~~225~~354.7080

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 273,000,000.00 ~~1000~~996.~~00000000~~21895348 0.00000000 35.~~78104652~~84379048 0.00000000 M1 9,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 6,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 2,999,900.00 1000.~~00000000~~03333444 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1000 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 35.~~78104652~~84379048 ~~996~~990.~~21895348~~37516300 0.~~99621895~~99037516 35.~~78104652~~84379048 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.03333444 1.00003333 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 273,000,000.00 43.~~05000~~84000% ~~273~~271,~~000~~967,~~000~~774.0030 ~~952~~841,~~087~~286.5098 0.00 0.00 M1 9,750,000.00 4.~~32000~~11000% 9,750,000.00 3632,~~270~~280.0063 0.00 0.00 M2 7,500,000.00 4.~~69000~~48000% 7,500,000.00 3027,~~289~~066.5867 0.00 0.00 M3 6,750,000.00 5.~~50000~~29000% 6,750,000.00 3128,~~968~~764.7538 0.00 0.00 C 2,999,900.00 0.00000% 23,~~999~~000,~~900~~000.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 300,000,000.00 1929,~~050,615~~398.8366 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 0.0001 0.00 ~~952~~841,~~087~~286.5097 0.00 ~~271~~270,~~967~~372,~~774~~419.3050 M1 0.00 0.00 3632,~~270~~280.0062 0.00 9,750,000.00 M2 0.00 0.00 3027,~~289~~066.5867 0.00 7,500,000.00 M3 0.00 0.00 3128,~~968~~764.7537 0.00 6,750,000.00 C 0.00 0.00 ~~782~~1,~~076~~066,781.8478 0.00 3,000,000.00 P 0.00 0.00 255,~~205~~120.2213 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.0001 0.00 12,~~857~~001,~~897~~300.8954 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 273,000,000.00 43.~~05000~~84000% ~~1000~~996.~~00000000~~21895348 3.~~48750000~~08163729 0.00000000 0.00000000 M1 9,750,000.00 4.~~32000~~11000% 1000.00000000 3.~~72000000~~31083385 0.00000000 0.00000000 M2 7,500,000.00 4.~~69000~~48000% 1000.00000000 43.~~03861067~~60888933 0.00000000 0.00000000 M3 6,750,000.00 5.~~50000~~29000% 1000.00000000 4.~~73611111~~26138963 0.00000000 0.00000000 C 2,999,900.00 0.00000% 1000.~~00000000~~03333444 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 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~~00000004 0.00000000 3.~~48750000~~08163725 0.00000000 ~~996~~990.~~21895348~~37516300 M1 0.00000000 0.00000000 3.~~72000000~~31083282 0.00000000 1000.00000000 M2 0.00000000 0.00000000 43.~~03861067~~60888933 0.00000000 1000.00000000 M3 0.00000000 0.00000000 4.~~73611111~~26138815 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~260~~355.~~70097003~~60578019 0.00000000 1000.03333444 P 0.00000000 0.00000000 ~~252052~~51201.~~20000000~~30000000 0.00000000 1000.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,~~131~~883,~~908~~564.7959 Liquidations, Insurance Proceeds, Reserve Funds 02.0089 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3,~~131~~883,~~908~~567.7948 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~241~~286,~~785~~912.2014 Payment of Interest and Principal 23,~~890~~596,~~123~~655.5934 Total Withdrawals (Pool Distribution Amount) 3,~~131~~883,~~908~~567.7948 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~103~~124,~~660~~567.8381 ~~Wells~~Radian ~~Fargo 1~~160,~~625~~724.95 Special Servicing Fee 0.00 ~~Radian~~Wells ~~136~~Fargo 1,~~499~~619.3738 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~241~~286,~~785~~912.2014

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 02.4889 02.4889 1,000.00

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 1 0 0 1 114,~~046~~005.7764 0.00 0.00 114,~~046~~005.7764 30 Days 37 01 0 0 38 ~~257~~2,~~605~~416,417.1604 0144,000.00 0.00 0.00 ~~257~~2,~~605~~560,417.1604 60 Days 01 0 02 0 03 080,875.0014 0.00 0176,730.0002 0.00 0257,605.0016 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 38 12 02 0 412 ~~257~~2,~~605~~497,292.1618 ~~114~~258,~~046~~005.7764 0176,730.0002 0.00 ~~371~~2,~~651~~932,027.9384 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.~~132100~~109409% 0.000000% 0.000000% 0.~~132100~~109409% 0.~~045221~~038332% 0.000000% 0.000000% 0.~~045221~~038332% 30 Days 0.~~396301~~765864% 0.~~000000~~109409% 0.000000% 0.000000% 0.~~396301~~875274% 0.~~102144~~812464% 0.~~000000~~048417% 0.000000% 0.000000% 0.~~102144~~860880% 60 Days 0.~~000000~~109409% 0.000000% 0.~~000000~~218818% 0.000000% 0.~~000000~~328228% 0.~~000000~~027192% 0.000000% 0.~~000000~~059421% 0.000000% 0.~~000000~~086614% 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.~~396301~~875274% 0.~~132100~~218818% 0.~~000000~~218818% 0.000000% 01.~~528402~~312910% 0.~~102144~~839656% 0.~~045221~~086748% 0.~~000000~~059421% 0.000000% 0.~~147364~~985826% (7)Delinquencies are stratified according to the information the Servicer has provided. All 90+ day delinquencies are reported in the 90 day delinquency field.

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 1461,~~597~~485.5373

~~COLLATERAL~~Class ~~STATEMENT~~M-1 ~~Collateral~~17,249,900.00 ~~Description~~5.74996667% ~~Mixed~~17,250,000.00 ~~Fixed~~5.80080501% &3.278716% ~~Arm~~0.000000% ~~Weighted~~Class ~~Average~~M-2 ~~Gross~~9,749,900.00 ~~Coupon 8~~3.~~964049~~24996667% ~~Weighted~~9,750,000.00 ~~Average~~3.27871587% ~~Net~~2.522089% ~~Coupon 8~~0.~~472789~~000000% ~~Weighted~~Class ~~Average Pass~~M-~~Through~~3 ~~Rate~~2,999,900.00 70.~~818202~~99996667% ~~Weighted~~3,000,000.00 ~~Average~~1.00883565% ~~Maturity(Stepdown~~2.269880% ~~Calculation~~0.000000% )Class ~~344~~C ~~Beginning~~0.00 ~~Scheduled~~0.00000000% ~~Collateral~~0.00 ~~Loan~~0.00000000% ~~Count~~1.008836% ~~759~~0.000000% ~~Number~~Class OfR-I ~~Loans~~0.00 ~~Paid~~0.00000000% ~~In Full 2 Ending Scheduled Collateral Loan Count 757 Beginning Scheduled Collateral Balance 300,000,000~~0.00 ~~Ending~~0.00000000% ~~Scheduled~~0.000000% ~~Collateral Balance 252,179,968~~0.62000000% ~~Ending~~Class ~~Actual Collateral Balance at 31~~R-~~Jul-2001~~II ~~252,199,178~~0.6800 ~~Monthly~~0.00000000% P0.00 &I0.00000000% ~~Constant~~0.000000% ~~2,033,359~~0.60000000% ~~Ending~~Please ~~Scheduled~~Refer ~~Balance~~to ~~for~~the ~~Premium~~Prospectus ~~Loans~~Supplement ~~252,179,968.62~~for ~~Scheduled~~a ~~Principal~~Full ~~141,854.99~~Description ~~Unscheduled~~of ~~Principal~~Loss ~~890,270.71~~Exposure

~~PRE~~COLLATERAL ~~PAYMENT~~STATEMENT ~~PENALTIES~~Collateral ~~$25,205.22~~Description ~~NET~~Mixed ~~WAC~~Fixed ~~CARRYOVER~~& ~~AMT~~Arm ~~$0.00~~Weighted ~~CREDIT~~Average ~~ENHANCEMENT~~Gross ~~PERCENTAGE~~Coupon 89.~~999966667~~163980% ~~DELINQUENCY~~Weighted ~~PERCENTAGE~~Average 0Net Coupon 8.~~0000~~663979% ~~ROLLING~~Weighted 3Average ~~MONTH~~Pass-Through ~~DELINQUENCY~~Rate ~~PERCENTAGE 0~~8.~~0000~~012349% ~~PMI~~Weighted ~~PAYMENTS~~Average ~~DURING~~Maturity(Stepdown ~~THE~~Calculation ~~PREPAY~~) PD343 ~~$0.00~~Beginning ~~CUMULATIVE~~Scheduled ~~PMI~~Collateral ~~PAYMENTS~~Loan ~~$0.00~~Count ~~PMI~~757 ~~CLAIMS~~Number ~~DENIED~~Of ~~DURING~~Loans ~~THE~~Paid ~~PREPAY~~In PDFull ~~$0.00~~4 ~~CUMULATIVE~~Ending ~~PMI~~Scheduled ~~CLAIMS~~Collateral ~~DENIED~~Loan ~~$0.00~~Count ~~PREFUNDING~~914 ~~ACCT~~Beginning ~~BEG~~Scheduled ~~BAL~~Collateral ~~$46~~Balance 252,~~787~~179,~~905~~968.6862 ~~SUBSEQUENT~~Ending ~~PREFUNDING~~Scheduled ~~W/D~~Collateral $0Balance 297,372,519.0050 ~~PREFUNDING~~Ending ~~ACCT~~Actual ~~REMAINDER~~Collateral TOBalance ~~BOND~~at $031-Aug-2001 297,418,429.0092 ~~PREFUNDING~~Monthly ~~ACCT~~P ~~END~~&I ~~BAL~~Constant ~~$46~~2,~~787~~453,~~905~~215.6877 ~~INTEREST~~Special ~~COVERAGE~~Servicing ~~ACCT~~Fee ~~BEG BAL $320,846~~0.00 ~~INTEREST~~Prepayment ~~COVERAGE~~Penalties ~~ACCT DEPOSITS $22,689~~0.8900 ~~INTEREST~~Realized ~~COVERAGE~~Loss ~~ACCT~~Amount ~~W/D TO BOND $165,508~~0.8000 ~~INTEREST~~Cumulative ~~COVERAGE~~Realized ~~ACCT~~Loss ~~W/D TO OOMC $~~0.00 ~~INTEREST~~Ending ~~COVERAGE~~Scheduled ~~ACCT~~Balance ~~END~~for ~~BAL~~Premium ~~$178~~Loans 297,~~027~~372,519.0950 ~~DELINQUECY~~Scheduled ~~CUT-OFF~~Principal ~~DATE BALANCE $243~~170,~~662,941~~142.0949 ~~TRIGGER~~Unscheduled ~~EVENT~~Principal ~~NOT TRIGGERED IN EFFECT SINCE N/A COMMENTS N/A STEP DOWN DATE DO NOT STEP DOWN IN EFFECT SINCE N/A COMMENTS N/A~~1,420,000.80

~~General~~NET ~~Excess~~WAC ~~Available~~CARRYOVER ~~Amt~~AMT ~~782,176~~$0.3600 ~~Extra~~CREDIT ~~Principal~~ENHANCEMENT ~~Distribution~~PERCENTAGE ~~Amt~~9.031228097% ~~100~~DELINQUENCY PERCENTAGE 0.0864817429% ROLLING 3 MONTH DELINQUENCY PERCENTAGE 0.0432408715% PMI PAYMENTS DURING THE PREPAY PD $0.00 ~~Overcollateralization~~CUMULATIVE ~~Amt~~PMI ~~3,000,000~~PAYMENTS $0.00 ~~Overcollateralization~~PMI ~~Deficit~~CLAIMS ~~Amt~~DENIED ~~100~~DURING THE PREPAY PD $0.00 ~~Overcollateralization~~CUMULATIVE ~~Increase~~PMI ~~100~~CLAIMS DENIED $0.00 ~~Overcollateralization~~PREFUNDING ~~Release~~ACCT ~~Amt~~BEG BAL $46,787,905.68 SUBSEQUENT PREFUNDING W/D $46,782,694.17 PREFUNDING ACCT REMAINDER TO BOND $5,211.51 PREFUNDING ACCT END BAL $0.00 ~~Target~~INTEREST ~~Overcollateralization~~COVERAGE ~~Amt~~ACCT 3BEG BAL $178,~~000~~027.09 INTEREST COVERAGE ACCT DEPOSITS $127,~~000~~393.80 INTEREST COVERAGE ACCT W/D TO BOND $16.37 INTEREST COVERAGE ACCT W/D TO OOMC $305,404.52 INTEREST COVERAGE ACCT END BAL $0.00 DELINQUECY CUT-OFF DATE BALANCE $297,872,303.75 TRIGGER EVENT NOT TRIGGERED IN EFFECT SINCE N/A COMMENTS N/A STEP DOWN DATE DO NOT STEP DOWN IN EFFECT SINCE N/A COMMENTS N/A

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~General ~~Statement~~Excess ~~Group~~Available ~~Group~~Amt 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.878186 8.979334 8.964049 Weighted Average Net Rate 8.390074 8.487515 8.472789 Weighted Average Maturity 344 344 344 Beginning Loan Count 139 620 759 Loans Paid In Full 1 1 2 Ending Loan Count 138 619 757 Beginning Scheduled Balance 38,~~268~~066,~~342~~781.1778 ~~214,943,752.15~~Extra ~~253,212,094.32 Ending scheduled Balance 38,169,890.12 214,010,078.50 252,179,968.62 Record Date 07/31/2001 07/31/2001 07/31/2001~~ Principal ~~And~~Distribution ~~Interest~~Amt Constant 309,398.85 1,723,960.75 2,033,359.60 Scheduled Principal 26,270.98 115,584.01 141,854.99 Unscheduled Principal 72,181.07 818,089.64 890,270.71 Scheduled Interest 283,127.87 1,608,376.74 1,891,504.61 Servicing Fees 15,566.01 88,094.82 103,660.83 Master Servicing Fees 0.00 ~~0.00~~Overcollateralization ~~0.00~~Amt ~~Trustee Fee 207.28 1~~3,~~417.72 1~~000,~~625~~000.00 ~~FRY~~Overcollateralization ~~Amount~~Deficit ~~0.00~~Amt 0.00 ~~0.00~~Overcollateralization ~~Special~~Increase ~~Hazard Fee~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Release ~~Other~~Amt ~~Fee 18,632.05 117,867.32 136,499.37 Pool Insurance Fee~~ 0.00 ~~0.00~~Target ~~0.00~~Overcollateralization ~~Spread~~Amt ~~Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee~~ 3 ~~0.00 0.00 0.00 Net Interest 267~~,~~561.86 1~~000,~~520,281~~000.~~92 1,787,843.78 Realized Loss Amount 0.~~00 ~~0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00~~

Filing Compare · OPTION ONE MORT LN TRUST ASSET BACK CERTS SER 2001-3