8-K 1 d01150300-a.txt Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549-1004 RE: Bombardier Capital Mortgage Securitization Corporation: BCMSC Trust 2000-A Ladies and Gentlemen: On behalf of Bombardier Capital Mortgage Securitization Corporation (The Registrant), we hereby file with the Commission a Current Report on Form 8-K (The "Report") on behalf of the BCMSC Trust 2000-A and deliver to you herewith the following documents: One copy of the Report, including the exhibit being filed therewith, together with an exhibit index: Please acknowledge receipt and filing of this letter to Bombardier Capital Mortgage Securitization Corporation: 1600 Mountain View Drive, Colchester, VT 05446. Very truly yours, /s/ Brian Peters Brian Peters Bombardier Capital Mortgage Securitization Corporation: 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 31, 2003 BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION (Depositor) (Exact name of registrant as specified in its charter) on behalf of BCMSC Trust Series 2000-A Delaware 333-40113 03-0355080 (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 1600 Mountain View Drive, Colchester, Vermont 05446 (Address of principal executive offices) (ZIP code) Registrant's telephone number, including area code: (802) 654-7200 Page 1 of 9 Exhibit Index Appears on Page 4 Item 5. Other Event Information concerning interest and principal distributions made on the Certificates Certificates)of the BCMSC Trust Series 2000-A on January 16, 2002 is contained in the Distribution Date Statement provided to each holder of the Certificates. Such Distribution Date Statement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Exhibits: 99.1. Distribution Date Statement relating to interest and prinicipal distributions made on January 15, 2003 on the Series 2000-A Certificates SIGNATURE 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 on the date indicated. BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION BY: /s/ Brian Peters Brian Peters Title: President Date: January 31, 2003

I. ORIGINAL DEAL PARAMETERS (A) Initial Pool Principal Balance $416,788,877.53 (B) Initial Certificates Principal Balance $ 401,190,000.00 (i) Initial Class A-1 Certificate Principal Balance $ 85,000,000.00 Certificate Amount Percentage 20.39% Certificate Pass-through Rate 1.9658% (ii) Initial Class A-2 Certificate Principal Balance $ 76,000,000.00 Certificate Amount Percentage 18.23% Certificate Pass-through Rate 7.58% (iii) Initial Class A-3 Certificate Principal Balance $ 50,000,000.00 Certificate Amount Percentage 12.00% Certificate Pass-through Rate 7.83% (iv) Initial Class A-4 Certificate Principal Balance $ 74,531,000.00 Certificate Amount Percentage 17.88% Certificate Pass-through Rate 8.29% (v) Initial Class A-5 Certificate Principal Balance $ 25,000,000.00 Certificate Amount Percentage 6.00% Certificate Pass-through Rate 8.32% (vi) Initial Class M-1 Certificate Principal Balance $ 29,178,000.00 Certificate Amount Percentage 7.00% Certificate Pass-through Rate 8.51% (vii) Initial Class M-2 Certificate Principal Balance $ 20,841,000.00 Certificate Amount Percentage 5.00% Certificate Pass-through Rate 9.00% (viii)Initial Class B-1 Certificate Principal Balance $ 18,757,000.00 Certificate Amount Percentage 4.50% Certificate Pass-through Rate 9.00% (ix) Initial Class B-2 Certificate Principal Balance $ 21,883,000.00 Certificate Amount Percentage 5.25% Certificate Pass-through Rate 9.00% (C) Initial Weighted Average Coupon (WAC) 10.90% (D) Initial Weighted Average Original Maturity (WAOM) 325.00 months (E) Initial Weighted Average Remaining Maturity (WAM) 323.00 months (F) Initial Number of Receivables 9,828 (G) Servicing Fee Rate 1.00% (H) Credit Enhancement (i) Reserve Fund Initial Deposit Percentage 0.00% (ii) Reserve Fund Target % 0.00% (iii) Target Overcollateralization Percentage Prior to Crossover Date 5.25% (iv) Target Overcollateralization Percentage After Crossover Date 9.19% (v) Target Overcollateralization Floor 1.25% (vi) Target Credit Enhancement % Prior to Crossover Date 5.25% (vii) Target Credit Enhancement % After Crossover Date 9.19% (viii)Target Credit Enhancement Floor 1.25% (ix) Target Credit Enhancement Amount $ 21,881,416.07 (I) Crossover Date Tests Earliest Crossover Date Feb-2005 Percent of Initial Suboridnation Percentage 186.00% (J) Class B-2 Floor Percentage (of Initial Pool Balance) 0.75% II. CURRENT PORTFOLIO INFORMATION (A) Beginning Pool Schedule Balance $~~309~~ 300,~~237~~671,~~583~~571.0136 (B) Beginning Pool Factor 7472.~~195258~~140018% (C) Ending Pool Schedule Balance $ ~~304~~296,~~364~~812,~~948~~348.3872 (D) Ending Pool Factor 7371.~~026169~~214076% (E) Ending Total Certificate Balance (after Current Distributions) $ ~~304~~296,~~364~~812,~~948~~348.3872 (F) Current Overcollateralization Amount (after Current Distributions) 0.00 (G) Weighted Average Coupon (WAC) 10.83% (H) Weighted Average Remaining Maturity (WAM) ~~294~~292.5468 months (I) Ending Number of Receivables 7,~~261~~095 III. COLLECTION CALCULATIONS (A) Interest (i) Scheduled Interest Collections durring Current Period 2,~~360~~141,~~999~~461.2665 (ii) Paid Ahead Interest Collections applied to Current Period 4827,~~424~~520.3094 (iii) Net Servicer Advance ~~(174~~183,~~611~~650.~~20)~~32 (iiia)Reimbursement to Servicer For Previously Unrecovered Advances *VI(D) (~~150~~297,~~325~~660.3273) (iv) Liquidation Proceeds Attributable to Interest ~~155~~111,~~763~~790.7462 (v) Repuchased Loan Proceeds Attributable to Interest (Breaches of Rep or Warranty) 0.00 (vi) Repuchased Loan Proceeds Attributable to Interest (Delinquent Loans) 0.00 (vii) Recoveries on Previously Liquidated Contracts ~~2,256~~613.0075 ------------- (viii)Total Interest Amount Available for Distribution 2,~~242~~167,~~506~~376.7855 (B) Principal (i) Scheduled Principal Collections ~~224~~232,~~471~~913.1690 (ii) Full and Partial Principal Prepayments ~~744~~798,~~565~~323.1731 (iii) Paid Ahead Principal Collections Applied to Current Period ~~442~~0.5700 (iv) Net Servicer Advance (717,~~926~~929.~~67)~~19 (v) Liquidation Proceeds Attributable to Principal ~~918~~744,~~137~~710.6887 (vi) Repurchase Proceeds Attributable to Principal (Breaches of Rep or Warranty) 0.00 (vii) Repurchase Proceeds Attributable to Principal (Delinquent Loans) 0.00 (viii)Other Principal Amounts 0.00 ------------- (ix) Total Principal Amount Available for Distribution 1,~~879~~793,~~689~~877.9127 IV. DISTRIBUTION CALCULATIONS (A) Total Interest Available for Distribution 2,~~242~~167,~~506~~376.7855 (B) Total Principal Available for Distribution 1,~~879~~793,~~689~~877.9127 (C) Reserve Fund Draw Amount Required 0.00 (D) Draw on Letter of Credit for Interest Distribution 0.00 Less: Monthly Servicing Fee ~~257~~250,~~697~~559.9964 Reimbursement to Servicer for Liquidation Expense 7716,~~616~~597.2912 Late Payment Fees, Extension Fees and Other Permitted Fees 0.00 Other Permitted Withdrawals from Certificate Account 0.00 ------------- Available Distribution Amount 3,~~786~~694,~~882~~097.4106 Interest Accrual Period 3130 days Total Interest Amount Due 1,~~984~~916,~~808~~816.7991 Total Interest Distribution Amount 1,~~984~~916,~~808~~816.7991 Amount Available for Principal Distribution Amount 1,~~802~~777,~~073~~280.6215 Principal Distribution Calculation: Total Principal Amount Available for Distribution 1,~~879~~793,~~689~~877.9127 Principal Loss on Liquidated Assets 2,~~992~~065,~~944~~345.7237 ------------- Principal Distribution Due 43,~~872~~859,~~634~~222.6364 Overcollaterallization Writedown Amount 0.00 Overcollaterallization Reduction Amount 0.00 Accelerated Principal Distribution Amount for Current Period 0.00 ------------- Total Principal Amount to be Distributed 43,~~872~~859,~~634~~222.6364 Draw on Letter of Credit for Principal Distribution 0.00 Excess Interest 0.00 Reserve Account Deposit 0.00 Reserve Account Release 0.00 Class X Distribution Amount 0.00 Class R Distribution Amount 0.00 V. SERVICER ADVANCE (A) Interest (i) Beginning Advance 12,~~765~~329,~~960~~030.4813 (ii) Monthly Servicer Advance (Reimbursement) ~~(174~~183,~~611~~650.~~20)~~32 (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (~~139~~267,~~787~~894.5265) ------------- (iv) Ending Advance Balance 12,~~451~~244,~~561~~785.7680 (B) Principal (i) Beginning Advance 1979,~~009,862~~135.4599 (ii) Monthly Servicer Advance (Reimbursement) (717,~~926~~929.~~67)~~19 (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (1029,~~537~~766.8008) ------------- (iv) Ending Advance Balance ~~991~~967,~~397~~299.9810 (C) Total Servicer Advance (i) Beginning Advance 13,~~775~~308,~~822~~166.9312 (ii) Monthly Servicer Advance (Reimbursement) ~~(182~~201,~~537~~579.~~87)~~51 (iii) Reimbursement of Previously Unrecovered Advances *VI(D) (~~150~~297,~~325~~660.3273) ------------- (iv) Ending Advance Balance 13,~~442~~212,~~959~~084.7490 VI. CREDIT ENHANCEMENT (A) Overcollateralization (I) Target Overcollaterallization Amount 21,881,416.07 (ii) Beginning Balance 0.00 (iii) Write Down for Certificate Distributions 0.00 (iv) Overcollaterallization Addition Amount 0.00 (v) Overcollaterallization Reduction Amount 0.00 ------------- (vi) Ending Balance 0.00 (B) Reserve Fund (if applicable) (i) Required Reserve Fund Balance 0.00 (ii) Beginning Reserve Fund Balance 0.00 (iii) Draws for Certificate Distributions 0.00 (iv) Excess Interest Deposited 0.00 (v) Reserve Fund Release 0.00 ------------- (vi) Ending Reserve Fund Balance 0.00 (C) Letter of Credit (if applicable) (i) Beginning LC Balance 0.00 (ii) Draw on LC for Interest Distribution 0.00 (iii) Draw on LC for Principal Distribution 0.00 ------------- (iv) Ending Balance 0.00 (D) Unreimbursed Servicer Advances (see note*) (i) Previous Unreimbursed Advance Balance 4,~~722~~171,~~580~~944.8259 (ii) Current Months Reimbursement from Excess Interest (~~150~~297,~~325~~660.3273) ------------- (iii) Ending Unreimbursed Advance Balance 43,~~572~~874,~~255~~283.5086 Note: **represents advances made in respect of contracts that were liquidated, and not reimbursed, before the current period. VII. CERTIFICATE DISTRIBUTIONS (A) Senior Certificates - Interest (i) Class A-1 Pass-Through Rate 1.9658% Beginning Carryover Interest $ - Current Interest Accrual $ 4030,~~330~~976.9691 Current Carryover Interest Accrual $ - Interest Paid $ 4030,~~330~~976.9691 Ending Carryover Balance $ - Interest Paid Per $1000 $ 0.4736 (ii) Class A-2 Pass-Through Rate 7.58% Beginning Carryover Interest $ - Current Interest Accrual $ ~~446~~440,~~926~~022.4049 Current Carryover Interest Accrual $ - Interest Paid $ ~~446~~440,~~926~~022.4049 Ending Carryover Balance $ - Interest Paid Per $1000 $ 5.8879 (iii) Class A-3 Pass-Through Rate 7.83% Beginning Carryover Interest $ - Current Interest Accrual $ ~~303~~299,~~928~~233.5964 Current Carryover Interest Accrual $ - Interest Paid $ ~~303~~299,~~928~~233.5964 Ending Carryover Balance $ - Interest Paid Per $1000 $ 65.0898 (iv) Class A-4 Pass-Through Rate 8.29% Beginning Carryover Interest $ - Current Interest Accrual $ ~~479~~472,~~657~~247.5299 Current Carryover Interest Accrual $ - Interest Paid $ ~~479~~472,~~657~~247.5299 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.4434 (v) Class A-5 Pass-Through Rate 8.32% Beginning Carryover Interest $ - Current Interest Accrual $ ~~161~~158,~~474~~979.1981 Current Carryover Interest Accrual $ - Interest Paid $ ~~161~~158,~~474~~979.1981 Ending Carryover Balance $ - Interest Paid Per $1000 $ 6.4636 (B) Subordinate Certificates - Interest (i) Class M1 Pass-Through Rate 8.51% Beginning Carryover Interest $ - Current Interest Accrual $ 207,017.91 Current Carryover Interest Accrual $ - Interest Paid $ 207,017.91 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.10 (ii) Class M2 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ 156,307.50 Current Carryover Interest Accrual $ - Interest Paid $ 156,307.50 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.50 (iii) Class B1 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ 140,677.50 Current Carryover Interest Accrual $ - Interest Paid $ 140,677.50 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 7.50 (iv) Class B2 Pass-Through Rate 9.00% Beginning Carryover Interest $ - Current Interest Accrual $ 4811,~~488~~353.2217 Current Carryover Interest Accrual $ - Interest Paid $ 4811,~~488~~353.2217 Ending Carryover Balance $ - Beginning Carryover Writedown Interest $ - Current Writedown Interest $ - Current Carryover Writedown Interest Accrual $ - Writedown interest Paid $ - Ending Carryover Writedown Interest $ - Interest Paid Per $1000 $ 20.2252 (C) Senior Certificates - Principal (i) Class A-1 Initial Certificate Balance 85,000,000.00 Initial Certificate Percentage 20.39% Beginning Certificate Balance 23,~~895~~526,~~896~~763.2430 Current Principal Due ~~184~~181,~~029~~497.1118 Current Principal Paid ~~184~~181,~~029~~497.1118 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 23,~~711~~345,~~867~~266.1312 Ending Pool Factor 7.7987% Principal Paid per $1000 2.1714 Total Class Distribution ~~184~~181,~~029~~497.1118 (ii) Class A-2 Initial Certificate Balance 76,000,000.00 Initial Certificate Percentage 18.23% Beginning Certificate Balance 7069,~~800~~706,~~222~~532.2561 Current Principal Due ~~545~~537,~~252~~750.6893 Current Principal Paid ~~545~~537,~~252~~750.6893 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 7069,~~254~~168,~~969~~781.5767 Ending Pool Factor 23.0830% Principal Paid per $1000 7.1708 Total Class Distribution ~~545~~537,~~252~~750.6893 (iii) Class A-3 Initial Certificate Balance 50,000,000.00 Initial Certificate Percentage 12.00% Beginning Certificate Balance 4645,~~579~~859,~~093~~560.5892 Current Principal Due ~~358~~353,~~718~~783.8751 Current Principal Paid ~~358~~353,~~718~~783.8751 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 4645,~~220~~505,~~374~~777.7141 Ending Pool Factor 15.1933% Principal Paid per $1000 7.1708 Total Class Distribution ~~358~~353,~~718~~783.8751 (iv) Class A-4 Initial Certificate Balance 74,531,000.00 Initial Certificate Percentage 17.88% Beginning Certificate Balance 6968,~~431~~359,~~728~~178.4871 Current Principal Due ~~534~~527,~~713~~356.5277 Current Principal Paid ~~534~~527,~~713~~356.5277 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 6867,~~897~~831,~~014~~821.9693 Ending Pool Factor 22.6485% Principal Paid per $1000 7.1708 Total Class Distribution ~~534~~527,~~713~~356.5277 (v) Class A-5 Initial Certificate Balance 25,000,000.00 Initial Certificate Percentage 6.00% Beginning Certificate Balance 2322,~~289~~929,~~546~~780.8047 Current Principal Due ~~179~~176,~~359~~891.4475 Current Principal Paid ~~179~~176,~~359~~891.4475 Principal Shortfall Carryover For Current Period 0.00 Accelerated Principal Distribution 0.00 Ending Certificate Balance 2322,~~110~~752,~~187~~888.3772 Ending Pool Factor 7.5967% Principal Paid per $1000 7.1708 Total Class Distribution ~~179~~176,~~359~~891.4475 (D) Subordinate Certificates - Principal (i) Class M1 Initial Certificate Balance 29,178,000.00 Initial Certificate Percentage 7.00% Beginning Certificate Balance 29,178,000.00 Current Principal Due 0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 29,178,000.00 Ending Pool Factor 9.5983% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 29,178,000.00 Total Class Distribution 0.00 (ii) Class M2 Initial Certificate Balance 20,841,000.00 Initial Certificate Percentage 5.00% Beginning Certificate Balance 20,841,000.00 Current Principal Due 0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 20,841,000.00 Ending Pool Factor 67.8502% Principal Paid per $1000 0.00 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0.00 Ending Certificate Balance- Including Writedowns 20,841,000.00 Total Class Distribution 0.00 (iii) Class B1 Initial Certificate Balance 18,757,000.00 Initial Certificate Percentage 4.50% Beginning Certificate Balance 18,757,000.00 Current Principal Due 0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 18,757,000.00 Ending Pool Factor 6.1613% Principal Paid per $1000 030.0029 Beginning Outstanding Writedown 0.00 Current Writedown/Writeup 0(568,187.0014) Ending Certificate Balance- Including Writedowns 18,~~757~~188,~~000~~812.0086 Total Class Distribution 0(568,187.0014) (iv) Class B2 Initial Certificate Balance 21,883,000.00 Initial Certificate Percentage 5.25% Beginning Certificate Balance 61,~~465~~513,~~095~~755.6535 Current Principal Due 0.00 Current Principal Paid 0.00 Principal Shortfall Carryover For Current Period 0.00 Ending Certificate Balance- Excluding Writedowns 21,883,000.00 Ending Pool Factor 10.1200% Principal Paid per $1000 ~~140~~69.3217 Beginning Outstanding Writedown 1520,~~417~~369,~~904~~244.3465 Current Writedown/Writeup (31,~~070~~513,~~561~~755.0135) Ending Certificate Balance- Including Writedowns ~~3,394,534~~0.6400 Total Class Distribution (31,~~070~~513,~~561~~755.0135) (E) Total Certificate Balances Beg of Period End of Period (i) Aggregate Balance of Certificates $ ~~309~~300,~~237~~671,~~583~~571.0136 $ ~~304~~296,~~364~~812,~~948~~348.3872 (ii) Total Certificate Pool Factor 7774.~~0800825~~9449317% 7573.~~8655371~~9829878%

VIII.DELINQUENCY INFORMATION Percent of Percent of Delinquent Receivables at End of Due Period : Scheduled Balance Pool Balance Units Total Units 30-59 Days Delinquent $ 2628,~~775~~162,~~190~~904.0800 89.8049% ~~643~~670 89.8644% 60-89 Days Delinquent $ 14,~~100~~700,~~930~~631.9298 4.6395% ~~334~~351 4.6095% 90 Days or More Delinquent $ 3536,~~769~~832,~~828~~562.4101 1112.7541% ~~811~~837 11.1780% Homes Repossessed or Foreclosed Upon $ 10,~~004~~211,~~408~~909.2528 3.2944% ~~222~~235 3.0631% Bankruptcy* (included in above delinquency) $ 26,~~951~~809,~~186~~881.4301 89.8503% ~~595~~592 8.1934% Extensions granted during period ~~172~~170 Rewrites granted during period 0 * The Bankruptcy units and balances are already included in the above delinquency numbers. This information is provided for reference only.

IX. REPURCHASED CONTRACTS (A) Repurchased Contracts - Breach of Rep or Warranty (i) Beginning Cumulative Repurchased Contracts since cutoff $ 1,225,016.66 (ii) Number of Contracts repurchased this period - (iii) Repurchase Price of Contracts this period $ - (iv) Ending Cumulative Repurchased Contracts since cutoff $ 1,225,016.66 (B) Repurchased Contracts - Delinquent Loans (i) Beginning Cumulative Repurchased Contracts since cutoff $ - (ii) Number of Contracts repurchased this period - (iii) Repurchase Price of Contracts this period $ - (iv) Ending Cumulative Repurchased Contracts since cutoff $ - X. REPOSSESSION / LOSS INFORMATION Units Scheduled Balance Beginning Repossession Inventory ~~242~~219 $ 109,~~899~~786,~~598~~537.2961 Repossessions Incurred 7780 $ 23,~~971~~201,~~680~~388.8131 Less Repurchase of Delinquent Loans 0 $ - Less Repossessions Sold 9764 $ 32,~~866~~776,~~870~~016.8564 ~~_____________________________~~------------------------ Ending Repossession Inventory ~~222~~235 $ 10,~~004~~211,~~408~~909.2528 Principal Balance of Repossessions Liquidated $ 32,~~866~~776,~~870~~016.8564 Reimbursement of Servicer Advances on Liquidated Contracts $ 4434,~~211~~039.5560 Liquidation Proceeds Attributable to Principal $ ~~918~~744,~~137~~710.6887 ------------- Principal Loss on Liquidation of Repo $ 2,~~992~~065,~~944~~345.7237 Reimbursement to Servicer for Liquidation Expense $ 7716,~~616~~597.2912 Recoveries for Previously Liquidated Contracts $ ~~2,256~~613.0075 ------------- Net Liquidation Loss (Realized Loss) $ 32,~~068~~081,~~305~~328.0174 Recoveries Liquidation Proceeds Attributable to Interest $ ~~155~~111,~~763~~790.7462 Liquidation Proceeds Attributable to Principal $ ~~918~~744,~~137~~710.6887 Recoveries for Previously Liquidated Contracts $ ~~2,256~~613.0075 ------------- Total Recoveries $ 1857,~~076,157~~115.4224 Recovery Percentage of Principal Balance of Repossessions Liquidated 2831% XI. TRIGGERS Has the Crossover Date Occurred? NO Where the Current Distribution Date of 1101/15/0203 is greater than the Earliest Crossover Date of 2/29/2005 And Subordinated Certificates Beginning Principal Balance of 7570,~~241~~289,~~095~~755.6535 plus the Current Overcollateralization Amount of 0.00 divided by the Current Beginning Pool Principal Balance of ~~309~~300,~~237~~671,~~583~~571.0136 ------------ Equals 2423.3338% ------------ And is greater than the: Subordinated Initital Certificates Percentage of 2521.4975% multiplied by the Percentage (as Percent of Initial Class Subordination Percentage) 186% ------------ Equals 4740.4146% ------------

Principal Distribution Tests: Actual Ratio Test Ratio Result Over 60 Days Delinquent ----------------------------- Current Mo 1920.6780% 1st Preceding Mo 20.1651% 2nd Preceding Mo 19.3567% Average 60 Day Delinquency Ratio: 1920.7333% 5.50% FAIL Over 30 Days Delinquent ----------------------------- Current Mo 2830.4729% 1st Preceding Mo 29.3238% 2nd Preceding Mo 2728.9547% Average 30 Day Delinquency Ratio: 2829.5838% 8.50% FAIL

Net Liquidation Losses Ending Pool Bal (Realized Losses) ----------------------------------------------------------- Current Mo ~~304~~296,~~364~~812,~~948~~348.3872 32,~~068~~081,~~305~~328.0174 1st Preceding Mo ~~309~~300,~~237~~671,~~583~~571.0136 31,~~645~~863,~~985~~467.6522 2nd Preceding Mo ~~315~~304,~~113~~364,~~966~~948.9338 23,~~954~~068,~~824~~305.4501 ------------------------------------------------------------------------------ Total ~~928~~901,~~716~~848,~~498~~868.3246 97,~~669~~013,~~115~~100.1197 ------------------------------------------------------------------------------ Divided by 3 ------------------------------------- Average ~~309~~300,~~572~~616,~~166~~289.1149

Sum of last 3 months of Losses 97,~~669~~013,~~115~~100.1197 Divided by 3 month average of Pool Balance ~~309~~300,~~572~~616,~~166~~289.1149 Annualized (multiply by 4) 4 Current Realized Loss Ratio: 129.4933% 3.00% FAIL Beginning Cumulative Realized Losses 5358,~~700~~632,~~399~~171.4972 Net Liquidation Losses (Realized Losses) 32,~~068~~081,~~305~~328.0174 ----------------- Ending Cumulative Realized Losses 5660,~~768~~713,~~704~~500.5046 Divided by Initial Pool Principal Balance 416,788,877.53 Cumulative Realized Loss Ratio: 1314.6257% 7.00% FAIL Should Principal Be Distributed to the Subordinated Certificates? NO

The undersigned, duly authorized representatives of Bombardier Capital Inc., do hereby certify that this Remittance Report has been prepared in accordance with the Pooling and Servicing Agreement and is correct, to the best of our knowledge. BY: _____________________ DATE:_________________________ NAME: Ana Dropps TITLE: Controller - Mortgage Finance Division BY: _____________________ DATE:_________________________ NAME: Ana Dropps TITLE: Vice President - Finance

Filing Compare · BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORP SER 2000-A