8-K 1 opt01003.txt DECEMBER 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): December 26, 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 December 26, 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 December 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. 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: 1/8/02 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 December 26, 2001 distribution. EX-99.1

Option One Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/01 Distribution Date: 1112/26/01 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 2.~~68000~~36000% ~~269~~268,~~756~~597,~~852~~935.8668 ~~642~~528,~~620~~242.7358 1,~~158~~945,~~917~~180.1835 M1 68389FBT0 MEZ 2.~~95000~~63000% 9,750,000.00 2521,~~566~~368.6775 0.00 M2 68389FBU7 MEZ 3.~~32000~~00000% 7,500,000.00 2218,~~133~~750.3300 0.00 M3 68389FBV5 MEZ 43.~~13000~~81000% 6,750,000.00 2421,~~780~~431.0025 0.00 C OPT01003C JUN 0.00000% 3,000,000.00 1,~~263~~378,~~758~~800.8315 0.00 P OPT01003P ~~PRE_PA~~PRE_PAY 0.00000% 100.00 1658,~~870~~728.9055 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 ~~296~~295,~~756~~598,~~952~~035.8668 12,~~995~~027,~~730~~321.4628 1,~~158~~945,~~917~~180.1835

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~268~~266,~~597~~652,~~935~~755.6833 12,~~801~~473,~~537~~422.9193 0.00 M1 0.00 9,750,000.00 2521,~~566~~368.6775 0.00 M2 0.00 7,500,000.00 2218,~~133~~750.3300 0.00 M3 0.00 6,750,000.00 2421,~~780~~431.0025 0.00 C 0.00 3,000,000.00 1,~~263~~378,~~758~~800.8315 0.00 P 0.00 100.00 1658,~~870~~728.9055 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 ~~295~~293,~~598~~652,~~035~~855.6833 3,~~154~~972,~~647~~501.6463 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 ~~269~~268,~~756~~597,~~852~~935.8668 0.00 1,~~158~~945,~~917~~180.1835 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 3,000,000.00 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 ~~296~~295,~~756~~598,~~952~~035.8668 0.00 1,~~158~~945,~~917~~180.1835 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,~~158~~945,~~917~~180.1835 ~~268~~266,~~597~~652,~~935~~755.6833 0.~~98387522~~97675002 1,~~158~~945,~~917~~180.1835 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,~~158~~945,~~917~~180.1835 ~~295~~293,~~598~~652,~~035~~855.6833 0.~~98532679~~97884285 1,~~158~~945,~~917~~180.1835

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 273,000,000.00 ~~988~~983.~~12034015~~87522227 0.00000000 47.~~24511788~~12520275 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 1000.03333444 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 47.~~24511788~~12520275 ~~983~~976.~~87522227~~75001952 0.~~98387522~~97675002 47.~~24511788~~12520275 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 2.~~68000~~36000% ~~269~~268,~~756~~597,~~852~~935.8668 ~~642~~528,~~620~~242.7761 0.00 0.00 M1 9,750,000.00 2.~~95000~~63000% 9,750,000.00 2521,~~566~~368.6775 0.00 0.00 M2 7,500,000.00 3.~~32000~~00000% 7,500,000.00 2218,~~133~~750.3300 0.00 0.00 M3 6,750,000.00 43.~~13000~~81000% 6,750,000.00 2421,~~780~~431.0025 0.00 0.00 C 2,999,900.00 0.00000% 3,000,000.00 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 ~~715~~589,~~100~~792.7761 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 0.0400 0.00 ~~642~~528,~~620~~242.7358 0.00 ~~268~~266,~~597~~652,~~935~~755.6833 M1 0.00 0.00 2521,~~566~~368.6775 0.00 9,750,000.00 M2 0.00 0.00 2218,~~133~~750.3300 0.00 7,500,000.00 M3 0.00 0.00 2421,~~780~~431.0025 0.00 6,750,000.00 C 0.00 0.00 1,~~263~~378,~~758~~800.8315 0.00 3,000,000.00 P 0.00 0.00 1658,~~870~~728.9055 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 0.0400 0.00 12,~~995~~027,~~730~~321.4628 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 ~~Iterest~~Interest ~~hortfall~~Shortfall Shortfall A 273,000,000.00 2.~~68000~~36000% ~~988~~983.~~12034015~~87522227 21.~~35392223~~93495462 0.00000000 0.00000000 M1 9,750,000.00 2.~~95000~~63000% 1000.00000000 2.~~62222256~~19166667 0.00000000 0.00000000 M2 7,500,000.00 3.~~32000~~00000% 1000.00000000 2.~~95111067~~50000000 0.00000000 0.00000000 M3 6,750,000.00 43.~~13000~~81000% 1000.00000000 3.~~67111111~~17500000 0.00000000 0.00000000 C 2,999,900.00 0.00000% 1000.03333444 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.~~00000015~~00000000 0.00000000 21.~~35392209~~93495451 0.00000000 ~~983~~976.~~87522227~~75001952 M1 0.00000000 0.00000000 2.~~62222256~~19166667 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~95111067~~50000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~67111111~~17500000 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~421~~459.~~26698557~~61537051 0.00000000 1000.03333444 P 0.00000000 0.00000000 ~~168709~~587285.~~00000000~~50000000 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 34,~~422~~197,~~669~~776.9648 Liquidations, Insurance Proceeds, Reserve Funds 21.1469 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 1658,~~870~~728.9055 Total Deposits 34,~~439~~256,~~543~~506.0072 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 284,~~895~~005.3609 Payment of Interest and Principal 3,~~154~~972,~~647~~501.6463 Total Withdrawals (Pool Distribution Amount) 34,~~439~~256,~~543~~506.0072 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 123,~~648~~165.7585 Radian PMI Policy Fee 159,~~639~~238.1610 Wells Fargo 1,~~607~~601.4514 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 284,~~895~~005.3609

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 21.1469 21.1469 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 01 01 0 02 089,582.0025 0320,993.0080 0.00 0410,576.0005 30 Days 1219 0 0 0 1219 45,~~304,~~656,552.8090 0.00 0.00 0.00 45,~~304,~~656,552.8090 60 Days 0 10 39 0 49 0.00 ~~143,872~~0.0200 ~~820~~3,~~367~~221,927.8123 0.00 ~~964~~3,~~239~~221,927.8323 90 Days 10 12 59 0 711 ~~80,764~~0.9400 97241,~~725~~513.6550 12,~~495~~395,~~057~~309.3781 0.00 12,~~673~~636,~~547~~823.9631 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 1319 23 819 0 2341 45,~~385~~656,~~421~~552.7490 ~~241~~331,~~597~~095.6775 25,~~315~~938,~~425~~230.1884 0.00 611,~~942~~925,~~444~~879.5949 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~~111111% 0.~~000000~~111111% 0.000000% 0.~~000000~~222222% 0.~~000000~~030498% 0.~~000000~~109281% 0.000000% 0.~~000000~~139778% 30 Days 12.~~323043~~111111% 0.000000% 0.000000% 0.000000% 12.~~323043~~111111% 1.~~455941~~925741% 0.000000% 0.000000% 0.000000% 1.~~455941~~925741% 60 Days 0.000000% 0.~~110254~~000000% 01.~~330761~~000000% 0.000000% 01.~~441014~~000000% 0.000000% 0.~~048661~~000000% 01.~~277469~~096887% 0.000000% 01.~~326130~~096887% 90 Days 0.~~110254~~000000% 0.~~110254~~222222% 01.~~551268~~000000% 0.000000% 01.~~771775~~222222% 0.~~027317~~000000% 0.~~033053~~082222% 0.~~505665~~815470% 0.000000% 0.~~566035~~897692% 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 12.~~433297~~111111% 0.~~220507~~333333% 02.~~882029~~111111% 0.000000% 24.~~535832~~555556% 1.~~483258~~925741% 0.~~081714~~112720% 02.~~783134~~021637% 0.000000% 24.~~348106~~060098% (7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~126~~171,~~747~~481.36 Class M-1 17,249,900.00 5.74996667% 17,250,000.00 5.87428308% 3.320247% 0.000000% Class M-2 9,749,900.00 3.24996667% 9,750,000.00 3.32024696% 2.554036% 0.000000% Class M-3 2,999,900.00 0.99996667% 3,000,000.00 1.02161445% 2.298633% 0.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 1.021614% 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

~~Class~~COLLATERAL ~~M-1~~STATEMENT ~~17,249,900.00~~Collateral ~~5.74996667%~~Description ~~17,250,000.00~~Mixed ~~5.83562741%~~Fixed 3& Arm Weighted Average Gross Coupon 9.~~298398~~144565% 0Weighted Average Net Coupon 8.~~000000~~644564% ~~Class~~Weighted MAverage Pass-2Through ~~9,749,900.00~~Rate 37.~~24996667~~991627% ~~9,750,000.00~~Weighted ~~3.29839810%~~Average ~~2.537229%~~Maturity(Stepdown ~~0.000000%~~Calculation ~~Class~~) ~~M-3~~340 ~~2,999,~~Beginning Scheduled Collateral Loan Count 907 Number Of Loans Paid In Full 7 Ending Scheduled Collateral Loan Count 900~~.00~~ ~~0.99996667%~~Beginning 3Scheduled Collateral Balance 295,~~000~~598,~~000~~035.0068 ~~1.01489172%~~Ending ~~2.283506%~~Scheduled 0Collateral Balance 293,652,855.~~000000%~~33 ~~Class~~Ending CActual ~~0.00~~Collateral ~~0.00000000%~~Balance ~~0.00~~at ~~0.00000000%~~30-Nov-2001 1293,733,781.~~014892%~~33 ~~0.000000%~~Monthly ~~Class~~P R-&I ~~0.00~~Constant 02,425,574.~~00000000%~~80 Special Servicing Fee 0.00 ~~0.00000000%~~Prepayment ~~0.000000%~~Penalties 058,728.~~000000%~~55 ~~Class~~Realized ~~R-II~~Loss Amount 0.00 ~~0.00000000%~~Cumulative ~~0.00~~Realized ~~0.00000000%~~Loss 0.~~000000%~~00 ~~0.000000%~~Ending ~~Please~~Scheduled ~~Refer~~Balance tofor ~~the~~Premium ~~Prospectus~~Loans ~~Supplement~~293,652,855.33 ~~for~~Scheduled aPrincipal ~~Full~~172,978.64 ~~Description~~Unscheduled ofPrincipal ~~Loss Exposure~~1,772,201.71

~~COLLATERAL~~NET ~~STATEMENT~~WAC ~~Collateral~~CARRYOVER ~~Description~~AMT ~~Mixed~~$0.00 ~~Fixed~~CREDIT &ENHANCEMENT ~~Arm~~PERCENTAGE ~~Weighted Average Gross Coupon~~ 9.~~153967~~134025515% ~~Weighted~~DELINQUENCY ~~Average~~PERCENTAGE ~~Net Coupon 8~~1.~~653967~~987354769% ~~Weighted~~ROLLING ~~Average~~3 ~~Pass-Through~~MONTH ~~Rate~~DELINQUENCY 8PERCENTAGE 0.~~001932~~884738016% ~~Weighted~~PMI ~~Average~~PAYMENTS ~~Maturity(Stepdown~~DURING ~~Calculation~~THE )PREPAY ~~341~~PD ~~Beginning~~$0.00 ~~Scheduled~~CUMULATIVE ~~Collateral~~PMI ~~Loan~~PAYMENTS ~~Count~~$0.00 ~~911~~PMI ~~Number~~CLAIMS OfDENIED ~~Loans~~DURING ~~Paid~~THE InPREPAY ~~Full~~PD ~~4 Ending Scheduled Collateral Loan Count 907 Beginning Scheduled Collateral Balance 296,756,952~~$0.8600 ~~Ending~~CUMULATIVE ~~Scheduled~~PMI ~~Collateral~~CLAIMS ~~Balance~~DENIED ~~295,598,035~~$0.6800 ~~Ending~~DELINQUECY ~~Actual~~CUT-OFF ~~Collateral~~DATE ~~Balance~~BALANCE ~~at 31-Oct-2001 295~~$294,~~661~~801,~~463~~443.5519 ~~Monthly~~TRIGGER PEVENT &INOT ~~Constant~~TRIGGERED ~~2,436,028.39~~IN ~~Special~~EFFECT ~~Servicing~~SINCE ~~Fee~~N/A ~~0.00~~COMMENTS ~~Prepayment~~N/A ~~Penalties~~STEP ~~16,870.90~~DOWN ~~Realized~~DATE ~~Loss~~DO ~~Amount~~NOT ~~0.00~~STEP ~~Cumulative~~DOWN ~~Realized~~IN ~~Loss~~EFFECT ~~0.00~~SINCE ~~Ending~~N/A ~~Scheduled~~COMMENTS ~~Balance~~N/A ~~for~~Unscheduled ~~Premium~~Principal ~~Loans~~- ~~295~~Voluntary $1,~~598~~772,~~035~~201.6871 ~~Scheduled~~Unscheduled Principal ~~172,275.60~~- ~~Unscheduled~~Involuntary ~~Principal 986,641~~$0.5800

~~NET~~General ~~WAC~~Excess ~~CARRYOVER~~Available ~~AMT~~Amt $01,378,800.0015 ~~CREDIT~~Extra ~~ENHANCEMENT~~Principal ~~PERCENTAGE~~Distribution ~~9.098354643% DELINQUENCY PERCENTAGE~~ 0.~~8917922433%~~00 ~~ROLLING~~Overcollateralization 3Amt ~~MONTH DELINQUENCY PERCENTAGE 0~~3,000,000.~~3260913288% PMI PAYMENTS DURING THE PREPAY PD $0.~~00 ~~CUMULATIVE~~Overcollateralization ~~PMI~~Deficit ~~PAYMENTS~~Amt $0.00 ~~PMI~~Overcollateralization ~~CLAIMS~~Increase ~~DENIED~~Amt ~~DURING THE PREPAY PD $~~0.00 ~~CUMULATIVE~~Overcollateralization ~~PMI~~Release ~~CLAIMS~~Amt ~~DENIED $~~0.00 ~~DELINQUECY~~Target ~~CUT-OFF~~Overcollateralization ~~DATE~~Amt ~~BALANCE $295~~3,~~785~~000,~~011~~000.56 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 Unscheduled Principal - Voluntary . Unscheduled Principal - Involuntary .00

~~General~~Group ~~Excess~~Level ~~Available~~Collateral ~~Amt~~Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.938367 9.180061 9.144565 Weighted Average Net Rate 8.438367 8.680060 8.644564 Weighted Average Maturity 340 340 340 Beginning Loan Count 154 753 907 Loans Paid In Full 0 7 7 Ending Loan Count 154 746 900 Beginning Scheduled Balance 43,~~263~~412,~~758~~805.8300 ~~Extra~~252,185,230.68 295,598,035.68 Ending scheduled Balance 43,373,682.08 250,279,173.25 293,652,855.33 Record Date 11/30/2001 11/30/2001 11/30/2001 Principal ~~Distribution~~And Interest Constant 355,118.18 2,070,456.62 2,425,574.80 Scheduled Principal 31,751.86 141,226.78 172,978.64 Unscheduled Principal 7,371.06 1,764,830.65 1,772,201.71 Scheduled Interest 323,366.32 1,929,229.84 2,252,596.16 Servicing Fees 18,088.67 105,077.18 123,165.85 Master Servicing Fees 0.00 ~~Overcollateralization~~0.00 ~~Amt~~0.00 3Trustee Fee 235.13 1,~~000~~366.01 1,~~000~~601.14 FRY Amount 0.00 ~~Overcollateralization~~0.00 ~~Deficit~~0.00 Special Hazard Fee 0.00 ~~Overcollateralization~~0.00 ~~Increase~~0.00 ~~Amt~~Other Fee 22,822.39 136,415.71 159,238.10 Pool Insurance Fee 0.00 ~~Overcollateralization~~0.00 ~~Release~~0.00 ~~Amt~~Spread Fee 1 0.00 ~~Target~~0.00 ~~Overcollateralization~~0.00 ~~Amt~~Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 305,~~000~~277.65 1,~~000~~824,152.54 2,129,430.19 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 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.801019 8.024440 7.991627

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.966961 9.186406 9.153967 Weighted Average Net Rate 8.466961 8.686406 8.653967 Weighted Average Maturity 341 341 341 Beginning Loan Count 155 756 911 Loans Paid In Full 1 3 4 Ending Loan Count 154 753 907 Beginning Scheduled Balance 43,867,412.72 252,889,540.14 296,756,952.86 Ending scheduled Balance 43,412,805.00 252,185,230.68 295,598,035.68 Record Date 10/31/2001 10/31/2001 10/31/2001 Principal And Interest Constant 359,281.07 2,076,747.32 2,436,028.39 Scheduled Principal 31,483.24 140,792.36 172,275.60 Unscheduled Principal 423,124.48 563,517.10 986,641.58 Scheduled Interest 327,797.83 1,935,954.96 2,263,752.79 Servicing Fees 18,278.09 105,370.66 123,648.75 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 237.62 1,369.83 1,607.45 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 22,842.41 136,796.75 159,639.16 Pool Insurance Fee 0.00 0.00 0.00 Spread 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 309,519.72 1,830,584.35 2,140,104.07 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 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.835603 8.030785 8.001932

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