8-K 1 mrf01he1.txt NOVEMBER 8K 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): November 26, 2001 MELLON RESIDENTIAL FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2001-HE1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-72907 Pooling and Servicing Agreement) (Commission 52-2316418 (State or other File Number) 52-2289308 jurisdiction 52-2316417 of Incorporation) IRS EIN 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 November 26, 2001 a distribution was made to holders of MELLON RESIDENTIAL FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2001-HE1 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 Mortgage Pass-Through Certificates, Series 2001-HE1 Trust, relating to the November 26, 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. MELLON RESIDENTIAL FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2001-HE1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 11/30/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-HE1 Trust, relating to the November 26, 2001 distribution. EX-99.1

Mellon Residential Funding Corporation Mortgage Pass-Through Certificates Record Date: 910/3031/01 Distribution Date: 1011/2526/01 MRF Series: 2001-HE1 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 R-3 RES 0.00000% 0.00 0.00 0.00 A-1 585525EX2 SEN_FL 2.~~79125~~55000% ~~554~~523,~~467~~410,~~478~~866.1400 1,~~289~~186,~~714~~397.4696 3140,~~056~~990,~~612~~816.1476 A-2 585525EY0 SEN_FI 5.56500% 115,500,000.00 535,631.25 0.00 A-3 585525EZ7 SEN_FI 5.94500% 162,000,000.00 802,575.00 0.00 A-4 585525FA1 SEN_FI 6.61500% 336,173,000.00 1,853,153.66 0.00 S 585525FB9 SEN_IO 1.00000% 0.00 106,680.83 0.00 BIO MELLON01B JUN 0.00000% 24,~~136~~491,~~354~~623.8240 0.00 0.00 R1 MELLON01R RES 0.00000% 0.00 0.00 0.00 R2 MELLON01R RES 0.00000% 0.00 0.00 0.00 Totals 1,~~170~~141,~~276~~575,~~832~~489.9640 4,~~587~~484,~~755~~438.2070 3140,~~056~~990,~~612~~816.1476

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R-3 0.00 0.00 0.00 0.00 A-1 0.00 ~~523~~482,~~410~~420,~~866~~049.0024 3242,~~346~~177,~~326~~214.6072 0.00 A-2 0.00 115,500,000.00 535,631.25 0.00 A-3 0.00 162,000,000.00 802,575.00 0.00 A-4 0.00 336,173,000.00 1,853,153.66 0.00 S 0.00 0.00 106,680.83 0.00 BIO 0.00 48,~~491~~547,~~623~~936.40 0.00 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 1,~~141~~104,~~575~~640,~~489~~985.4064 3545,~~644~~475,~~367~~255.3446 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) R-3 0.00 0.00 0.00 0.00 0.00 0.00 A-1 666,500,000.00 ~~554~~523,~~467~~410,~~478~~866.1400 0.00 3140,~~056~~990,~~612~~816.1476 0.00 0.00 A-2 115,500,000.00 115,500,000.00 0.00 0.00 0.00 0.00 A-3 162,000,000.00 162,000,000.00 0.00 0.00 0.00 0.00 A-4 336,173,000.00 336,173,000.00 0.00 0.00 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 BIO 422.95 24,~~136~~491,~~354~~623.8240 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 1,280,173,422.9695 1,~~170~~141,~~276~~575,~~832~~489.9640 0.00 3140,~~056~~990,~~612~~816.1476 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 R-3 0.00 0.00 0.00000000 0.00 A-1 3140,~~056~~990,~~612~~816.1476 ~~523~~482,~~410~~420,~~866~~049.0024 0.~~78531263~~72381103 3140,~~056~~990,~~612~~816.1476 A-2 0.00 115,500,000.00 1.00000000 0.00 A-3 0.00 162,000,000.00 1.00000000 0.00 A-4 0.00 336,173,000.00 1.00000000 0.00 S 0.00 0.00 0.00000000 0.00 BIO 0.00 48,~~491~~547,~~623~~936.40 1020,~~619~~210.~~75032510~~27639201 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 3140,~~056~~990,~~612~~816.1476 1,~~141~~104,~~575~~640,~~489~~985.4064 0.~~89173503~~86288386 3140,~~056~~990,~~612~~816.1476

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 666,500,000.00 ~~831~~785.~~90919451~~31262716 0.00000000 4661.~~59656735~~50160054 0.00000000 A-2 115,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 162,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 336,173,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 BIO 422.95 ~~5051081~~10619750.~~26256059~~32509753 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) Per $1000 Denominations

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 4661.~~59656735~~50160054 ~~785~~723.~~31262716~~81102662 0.~~78531263~~72381103 4661.~~59656735~~50160054 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BIO 0.00000000 0.00000000 1020,~~619~~210,~~750~~276.~~325097~~39200851 ~~10619~~20210.~~75032510~~27639201 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 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 A-1 666,500,000.00 2.~~79125~~55000% ~~554~~523,~~467~~410,~~478~~866.1400 1,~~289~~186,~~714~~397.4696 0.00 0.00 A-2 115,500,000.00 5.56500% 115,500,000.00 535,631.25 0.00 0.00 A-3 162,000,000.00 5.94500% 162,000,000.00 802,575.00 0.00 0.00 A-4 336,173,000.00 6.61500% 336,173,000.00 1,853,153.66 0.00 0.00 S 0.00 1.00000% 128,017,000.00 106,680.83 0.00 0.00 BIO 422.95 0.00000% 24,~~136~~491,~~354~~623.8240 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 1,280,173,422.95 4,~~587~~484,~~755~~438.2070 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 R-3 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 1,~~289~~186,~~714~~397.4696 0.00 ~~523~~482,~~410~~420,~~866~~049.0024 A-2 0.00 0.00 535,631.25 0.00 115,500,000.00 A-3 0.00 0.00 802,575.00 0.00 162,000,000.00 A-4 0.00 0.00 1,853,153.66 0.00 336,173,000.00 S 0.00 0.00 106,680.83 0.00 128,017,000.00 BIO 0.00 0.00 0.00 0.00 48,~~491~~547,~~623~~936.40 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,~~587~~484,~~755~~438.2070 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 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 666,500,000.00 2.~~79125~~55000% ~~831~~785.~~90919451~~31262716 1.~~93505545~~78004195 0.00000000 0.00000000 A-2 115,500,000.00 5.56500% 1000.00000000 4.63750000 0.00000000 0.00000000 A-3 162,000,000.00 5.94500% 1000.00000000 4.95416667 0.00000000 0.00000000 A-4 336,173,000.00 6.61500% 1000.00000000 5.51249999 0.00000000 0.00000000 S 0.00 1.00000% 1000.00000000 0.83333331 0.00000000 0.00000000 BIO 422.95 0.00000% ~~5051081~~10619750.~~26256059~~32509753 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) Per $1000 Denominations

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.~~93505545~~78004195 0.00000000 ~~785~~723.~~31262716~~81102662 A-2 0.00000000 0.00000000 4.63750000 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 4.95416667 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 5.51249999 0.00000000 1000.00000000 S 0.00000000 0.00000000 0.83333331 0.00000000 1000.00000000 BIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~10619750~~20210276.~~32509753~~39200851 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 3645,~~068~~964,~~020~~208.8121 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~201~~109,~~035~~887.7080 Realized Losses ~~(10,525~~0.~~27)~~00 Prepayment Penalties 0.00 Total Deposits 3646,~~258~~074,~~531~~096.2401 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~614~~598,~~163~~840.9055 Payment of Interest and Principal 3545,~~644~~475,~~367~~255.3446 Total Withdrawals (Pool Distribution Amount) 3646,~~258~~074,~~531~~096.2401 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 0475,656.0046 AMBAC Premium ~~126~~123,~~548~~184.5509 Master Servicing Fee - Mellon Bank N.A. ~~487,615.35 Special Servicing Fee~~ 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~614~~598,~~163~~840.9055

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 93106 0 0 0 93106 34,~~960~~019,~~941~~764.1930 0.00 0.00 0.00 34,~~960~~019,~~941~~764.1930 60 Days 2435 0 0 0 2435 ~~833~~1,~~871~~323,879.4182 0.00 0.00 0.00 ~~833~~1,~~871~~323,879.4182 90 Days 20 0 0 35 0 3520 889,513.27 0.00 0.00 ~~1,089,998.43~~ 0.00 1889,~~089,998~~513.4327 120 Days 09 0 0 0 09 0256,598.0038 0.00 0.00 0.00 0256,598.0038 150 Days 09 0 0 0 09 0213,844.0098 0.00 0.00 0.00 0213,844.0098 180+ Days 04 0 0 0 04 086,019.0075 0.00 0.00 0.00 086,019.0075 Totals ~~117~~183 0 350 0 ~~152~~183 46,~~794~~789,~~812~~620.6050 0.00 ~~1,089,998~~0.4300 0.00 56,~~884~~789,~~811~~620.0350 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.~~318362~~373371% 0.000000% 0.000000% 0.000000% 0.~~318362~~373371% 0.~~346971~~363898% 0.000000% 0.000000% 0.000000% 0.~~346971~~363898% 60 Days 0.~~082158~~123283% 0.000000% 0.000000% 0.000000% 0.~~082158~~123283% 0.~~073046~~119847% 0.000000% 0.000000% 0.000000% 0.~~073046~~119847% 90 Days 0.~~000000~~070447% 0.000000% 0.~~119814~~000000% 0.000000% 0.~~119814~~070447% 0.~~000000~~080525% 0.000000% 0.~~095482~~000000% 0.000000% 0.~~095482~~080525% 120 Days 0.~~000000~~031701% 0.000000% 0.000000% 0.000000% 0.~~000000~~031701% 0.~~000000~~023229% 0.000000% 0.000000% 0.000000% 0.~~000000~~023229% 150 Days 0.~~000000~~031701% 0.000000% 0.000000% 0.000000% 0.~~000000~~031701% 0.~~000000~~019359% 0.000000% 0.000000% 0.000000% 0.~~000000~~019359% 180+ Days 0.~~000000~~014089% 0.000000% 0.000000% 0.000000% 0.~~000000~~014089% 0.~~000000~~007787% 0.000000% 0.000000% 0.000000% 0.~~000000~~007787% Totals 0.~~400520~~644593% 0.000000% 0.~~119814~~000000% 0.000000% 0.~~520334~~644593% 0.~~420017~~614645% 0.000000% 0.~~095482~~000000% 0.000000% 0.~~515499~~614645% The 90-day delinquency field contains all loans in Foreclosure and REO status.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~201~~109,~~035~~887.7080

Class S 422.95 0.00003304% 8,547,936.40 0.77382032% 0.000000% 0.000000% Class B-IO 0.00 0.00000000% 0.00 0.00000000% 0.773820% 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% Class R-III 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 Weighted Average Gross Coupon 79.~~759921~~607346% Weighted Average Net Coupon 79.~~259921~~107346% Weighted Average Pass-Through Rate 78.~~130158~~977858% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 29,~~830~~212 Number Of Loans Paid In Full ~~618~~822 Ending Scheduled Collateral Loan Count 2928,~~212~~390 Beginning Scheduled Collateral Balance 1,~~170~~141,~~276~~575,~~832~~489.9640 Ending Scheduled Collateral Balance 1,~~141~~104,~~575~~640,~~489~~985.4064 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2001 1,~~141~~104,~~575~~640,~~489~~985.4064 Monthly P &I Constant 1619,440,~~186~~525.4386 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~10,525~~0.2700 Cumulative Realized Loss 13,634.54 Ending Scheduled Balance for Premium Loans 1,~~141~~104,~~575~~640,~~489~~985.4064 Scheduled Principal 810,~~872~~300,~~473~~933.4761 Unscheduled Principal 1926,~~828~~633,~~870~~570.0915

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