8-K 1 fh0107_edgar0201.txt FIRST HORIZON MORTGAGE PASS-THRU TRUST 2001-7 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): January 25, 2002 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Series 2001-7) (Exact name of registrant as specified in charter) Texas 333-74467 13-4150878 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 4000 Horizon Way, Irving TX 75063 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (214) 441-4000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events FH First Horizon Mortgage Pass-Through Trust Series 2001-7 On January 25, 2002, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Series 2001-7, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of October 1, 2001, among FH as Depositor, , Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of FH, First Horizon Mortgage Pass-Through Trust Series 2001-7 relating to the distribution date of January 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of October 1, 2001. SIGNATURES 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 thereunto duly authorized. Dated: January 25, 2002 FH By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit Payment Date: 01/25/02 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Series 2001-7 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior A1 ~~404~~386,~~411~~848,~~793~~502.4523 6.750000% 179,~~563~~083,~~291~~238.2257 2,~~274~~176,~~816~~022.3483 1911,~~838~~259,~~107~~261.5639 0.00 0.00 Residual AR 0.00 6.750000% 0.00 0.0100 0.0100 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 6,~~159~~154,~~244~~577.1365 6.750000% 4,~~666~~799.4854 34,~~645~~619.7550 39,~~312~~419.2204 0.00 0.00 B2 2,~~972~~970,~~704~~452.6239 6.750000% 2,~~252~~316.2345 16,~~721~~708.4679 1819,~~973~~025.7025 0.00 0.00 B3 1,~~698~~697,~~688~~401.3536 6.750000% 1,~~286~~323.9969 9,~~555~~547.1288 10,~~842~~871.1157 0.00 0.00 B4 1,~~062~~061,~~179~~375.8409 6.750000% ~~804~~827.7569 5,~~974~~970.7623 6,~~779~~797.5193 0.00 0.00 B5 1,~~062~~061,~~179~~375.8409 6.750000% ~~804~~827.7569 5,~~974~~970.7623 6,~~779~~797.5193 0.00 0.00 B6 849,~~858~~214.7889 6.750000% ~~643~~662.8925 4,~~780~~776.4683 5,~~424~~439.3408 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~418~~400,~~216~~642,~~649~~898.0171 - 179,~~573~~093,~~750~~995.3088 2,~~352~~253,~~468~~616.6631 1911,~~926~~347,~~218~~612.9619 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~386~~377,~~848~~765,~~502~~263.2367 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 6,~~154~~149,~~577~~778.6512 0.00 B2 2,~~970~~968,~~452~~135.3993 0.00 B3 1,~~697~~696,~~401~~077.3668 0.00 B4 1,~~061~~060,~~375~~547.0939 0.00 B5 1,~~061~~060,~~375~~547.0939 0.00 B6 ~~849~~848,~~214~~552.8965 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~400~~391,~~642~~548,~~898~~902.7183 - --------------------------------------------------------------------------------

Payment Date: 01/25/02 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Series 2001-7 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior A1 ~~404~~386,~~411~~848,~~793~~502.4523 6.750000% 32051DHN5 4222.~~704454~~085538 5.~~531127~~290914 ~~940~~918.~~606956~~521418 Residual AR 0.00 6.750000% 32051DHP0 0.000000 0.~~081697~~043586 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 6,~~159~~154,~~244~~577.1365 6.750000% 32051DHQ8 0.~~757053~~778640 5.~~620660~~616402 ~~998~~997.~~471391~~692751 B2 2,~~972~~970,~~704~~452.6239 6.750000% 32051DHR6 0.~~757053~~778640 5.~~620660~~616402 ~~998~~997.~~471391~~692751 B3 1,~~698~~697,~~688~~401.3536 6.750000% 32051DHS4 0.~~757053~~778640 5.~~620660~~616402 ~~998~~997.~~471391~~692751 B4 1,~~062~~061,~~179~~375.8409 6.750000% 32051DHT2 0.~~757053~~778640 5.~~620660~~616402 ~~998~~997.~~471391~~692751 B5 1,~~062~~061,~~179~~375.8409 6.750000% 32051DHU9 0.~~757053~~778640 5.~~620660~~616402 ~~998~~997.~~471391~~692751 B6 849,~~858~~214.7889 6.750000% 32051DHV7 0.~~757053~~778640 5.~~620660~~616402 ~~998~~997.~~471391~~692751 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~418~~400,~~216~~642,~~649~~898.0171 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Series 2001-7 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 391,548,903.64 391,548,903.64 Loan count 958 958 Avg loan rate 7.308147% 7.31 Prepay amount 8,781,561.65 8,781,561.65 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 75,193.01 75,193.01 Sub servicer fees 102,880.76 102,880.76 Trustee fees 2,003.21 2,003.21 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 4,250,910.00 4,250,910.00 Special Hazard 4,006,429.00 4,006,429.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 96.559527% 100.000000% 386,848,502.23 ----------------------------------------------------------------------------- Junior 3.440473% 0.000000% 13,783,639.16 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 8 3,668,506.01 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 8 3,668,506.01 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 11,347,612.19 11,347,612.19 Principal remittance amount 9,093,995.88 9,093,995.88 Interest remittance amount 2,253,616.31 2,253,616.31

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