8-K 1 edgar_final.txt 12/26/2001 PAYMENT 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 Salomon Brothers Mortgage Securities VII, INC. (Depositor) (Issuer in respect of Salomon Mortgage Loan Trust, Series 2001-CPB1) (Exact name of registrant as specified in charter) Delaware 333-84249 13-3439681 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 390 Grenwich 4th Floor, New York, NY 10013 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (212) 816-6000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events Salomon Brothers Mortgage Securities VII, Inc. Salomon Mortgage Loan Trust Series 2001-CPB1 On December 26, 2001, The Bank of New York, as Trustee for Salomon Brothers Mortgage Securities VII, Inc., Salomon Mortgage Loan Trust, Series 2001-CPB1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of May 1, 2001, among Salomon Brothers Mortgage Securities VII, Inc. as Depositor, CitiMortgage, Inc., F/K/A Citicorp Mortgage, Inc. as Master Servicer and Trust Administrator, and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of Salomon Brothers Mortgage Securities VII, Inc., Salomon Mortgage Loan Trust, Series 2001-CPB1 relating to the distribution date of December 26, 2001 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of May 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: December 26, 2001 Salomon Brothers Mortgage Securities VII, Inc. By: /s/ Cathy M. Johnson ------------------------------ Name: Cathy M. Johnson Assistant Secretary CitiMortgage, Inc. as Trust Administrator EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated December 26, 2001 CitiMortgage, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: SBM7 2001-CPB1 Payment Date: 12/26/2001 Issuer: Salomon Brothers Mortgage Securities VII, Inc Record Date: 30-Nov-01 Distribution Date: 26-Dec-01 Distribution #: 7 W.A.C. 7.08% Trustee The Bank of New York Brian Morro (212) 328-7587 Bond Administrator CitiMortgage, Inc Cathy Johnson (636) 256-6442

---------------------------------------------------------------------------------------------------------~~----------~~ Next Current Succeeding Class Coupon Type Coupon Coupon Original Par CUSIP # ---------------------------------------------------------------------------------------------------------~~----------~~ A1 ARM 6.~~85035~~82835 6.95242% $472,835,000.00 79549AFL8 ----------------- Class A Total $472,835,000.00 B1 ARM 6.~~85035~~82835 6.95242% $4,874,000.00 79549AFM6 B2 ARM 6.~~85035~~82835 6.95242% $2,437,000.00 79549AFN4 B3 ARM 6.~~85035~~82835 6.95242% $2,438,000.00 79549AFP9 B4 ARM 6.~~85035~~82835 6.95242% $1,706,000.00 7956439e7 B5 ARM 6.~~85035~~82835 6.95242% $1,462,000.00 7956439f4 B6 ARM 6.~~85035~~82835 6.95242% $1,706,812.08 7956439g2 ----------------- Class SUB Total $14,623,812.08 ================= $487,458,812.08

CitiMortgage, Inc. Distribution Date Statement to Certificate Holders Remic Pass-Through Certificate Series Name: SBM7 2001-CPB1 Payment Date: 12/26/2001

------------------------------------------------------------------------------------------------------------------- Non Interest Supported Interest Interest Principal CLASS Accrued Shortfall Shortfall Recoveries Recoveries Interest Paid ------------------------------------------------------------------------------------------------------------------- A1 $2,~~337~~225,~~990~~312.8584 $0.00 $0.00 $0.00 $0.00 $2,~~337~~225,~~990~~312.8584 ------------------------------------------------------------------------------------------------------ A Total $2,~~337~~225,~~990~~312.8584 $0.00 $0.00 $0.00 $0.00 $2,~~337~~225,~~990~~312.8584 RES $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ------------------------------------------------------------------------------------------------------ RES Total $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 B1 $27,~~664~~542.1727 $0.00 $0.00 $0.00 $0.00 $27,~~664~~542.1727 B2 $13,~~832~~771.0815 $0.00 $0.00 $0.00 $0.00 $13,~~832~~771.0815 B3 $13,~~837~~776.7680 $0.00 $0.00 $0.00 $0.00 $13,~~837~~776.7680 B4 $9,~~683~~640.0337 $0.00 $0.00 $0.00 $0.00 $9,~~683~~640.0337 B5 $8,~~298~~261.1156 $0.00 $0.00 $0.00 $0.00 $8,~~298~~261.1156 B6 $9,~~687~~644.6396 $0.00 $0.00 $0.00 $0.00 $9,~~687~~644.6396 ------------------------------------------------------------------------------------------------------ SUB Total $8382,~~002~~637.7811 $0.00 $0.00 $0.00 $0.00 $8382,~~002~~637.7811 ======================================================================================================= Total $2,~~420~~307,~~993~~949.6395 $0.00 $0.00 $0.00 $0.00 $2,~~420~~307,~~993~~949.6395

------------------------------------------------------------------------------- Interest Cum Unpaid Relief Act Paid Per Interest Interest CLASS Certificate Shortfalls Shortfalls ------------------------------------------------------------------------------- A1 4.~~94462307~~70632005 $0.00 $0.00 -------------------------------------- A Total $0.00 $0.00 RES 0.00000000 $0.00 $0.00 -------------------------------------- RES Total $0.00 $0.00 B1 5.~~67586582~~65085556 $0.00 $0.00 B2 5.~~67586377~~65086172 $0.00 $0.00 B3 5.~~67586546~~65086136 $0.00 $0.00 B4 5.~~67586753~~65086166 $0.00 $0.00 B5 5.~~67586183~~65086183 $0.00 $0.00 B6 5.~~67586210~~65086228 $0.00 $0.00 -------------------------------------- SUB Total $0.00 $0.00 ====================================== Total $0.00 $0.00

CitiMortgage, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: SBM7 2001-CPB1 Payment Date: 12/26/2001

----------------------------------------------------------------------------------------------------------------------------------- Certificate Reductions not part of Principal distributions Paid Cumulative Principal to reduce Principal Per Principal CLASS Due Stated Amount Paid Certificate Loss ----------------------------------------------------------------------------------------------------------------------------------- A1 $1815,~~481~~986,~~926~~495.0947 $0.00 $1815,~~481~~986,~~926~~495.0947 3933.~~08747468~~80988182 0.00 ------------------------------------------------------------------------------------------------------------- A Total $1815,~~481~~986,~~926~~495.0947 $0.00 $1815,~~481~~986,~~926~~495.0947 0.00 B1 $5,~~800~~855.4862 $0.00 $5,~~800~~855.4862 1.~~19008617~~20139926 0.00 B2 $2,~~900~~927.2482 $0.00 $2,~~900~~927.2482 1.~~19008617~~20140336 0.00 B3 $2,~~901~~929.4302 $0.00 $2,~~901~~929.4302 1.~~19008614~~20140279 0.00 B4 $2,~~030~~049.2959 $0.00 $2,~~030~~049.2959 1.~~19008792~~20140094 0.00 B5 $1,~~739~~756.9145 $0.00 $1,~~739~~756.9145 1.~~19008892~~20140219 0.00 B6 $2,~~031~~050.2657 $0.00 $2,~~031~~050.2657 1.~~19009001~~20140350 0.00 ------------------------------------------------------------------------------------------------------------- SUB Total $17,~~403~~569.6107 $0.00 $17,~~403~~569.6107 0.00 ============================================================================================================= Total $1816,~~499~~004,~~329~~064.7054 $0.00 $1816,~~499~~004,~~329~~064.7054 0.00 Aggr. Scheduled Principal Payments: $~~507~~490,~~621~~681.9180 Aggr. Principal Prepayments: $1715,~~991~~513,~~707~~382.7974

CitiMortgage, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: SBM7 2001-CPB1 Payment Date: 12/26/2001

----------------------------------------------------------------------------------------------------------------------------------- Previous Ending Ending Ending Period's Period's Balance Per Balance Ending CLASS Balance Balance Certificate Pool Factor Class PCT ----------------------------------------------------------------------------------------------------------------------------------- A1 $~~409~~391,~~553~~072,~~954~~028.2415 $~~391~~375,~~072~~085,~~028~~532.1568 ~~827~~793.~~07927321~~26939139 0.~~82707927~~79326939 96.~~4194582063~~2768820324 % --------------------------------------------------------------------------------------------------------------- A Total $~~409~~391,~~553~~072,~~954~~028.2415 $~~391~~375,~~072~~085,~~028~~532.1568 96.~~4194582063~~2768820324 % B1 $4,~~846~~840,~~027~~227.6214 $4,~~840~~834,~~227~~371.1452 ~~993~~991.~~07081247~~86941321 0.~~99307081~~99186941 1.~~1933660422~~2408855474 % B2 $2,~~423~~420,~~013~~113.8157 $2,~~420~~417,~~113~~185.5775 ~~993~~991.~~07081247~~86940911 0.~~99307081~~99186941 0.~~5966830211~~6204427711 % B3 $2,~~424~~421,~~008~~106.0663 $2,~~421~~418,~~106~~177.6361 ~~993~~991.~~07080804~~86940525 0.~~99307081~~99186941 0.~~5969278617~~6206973616 % B4 $1,~~696~~694,~~209~~178.1081 $1,~~694~~692,~~178~~129.8122 ~~993~~991.~~07081477~~86941383 0.~~99307081~~99186941 0.~~4177026000~~4343354011 % B5 $1,~~453~~451,~~609~~869.4251 $1,~~451~~450,~~869~~113.5106 ~~993~~991.~~07080027~~86939808 0.~~99307080~~99186940 0.~~3579608396~~3722147400 % B6 $1,~~697~~694,~~016~~985.5125 $1,~~694~~692,~~985~~934.2568 ~~993~~991.~~07080719~~86940369 0.~~99307081~~99186940 0.~~4179014292~~4345421465 % --------------------------------------------------------------------------------------------------------------- SUB Total $14,~~539~~522,~~884~~480.5291 $14,~~522~~504,~~480~~911.9184 3.~~5805417937~~7231179676 % =============================================================================================================== Total $~~424~~405,~~093~~594,~~838~~509.7606 $~~405~~389,~~594~~590,~~509~~444.0652 100.0000000000 % PO Balance $.00 $.00 Non PO Balance $~~424~~405,~~093~~594,~~838~~509.7606 $~~405~~389,~~594~~590,~~509~~444.0652 ** Denotes Notional Balance

----------------------------------------------------------------------------------------------------------------------------------- Previous Ending Begining Period's Period's Balance Per Beginning Prepayment CLASS Balance Balance Certificate Class PCT Percentage ----------------------------------------------------------------------------------------------------------------------------------- A1 $~~409~~391,~~553~~072,~~954~~028.2415 $~~391~~375,~~072~~085,~~028~~532.1568 ~~866~~827.~~16674789~~07927321 96.~~5715407320~~4194582063% 100.0000000000 % ---------------------------------------------------------------------------------------------------------------- Class A Total $~~409~~391,~~553~~072,~~954~~028.2415 $~~391~~375,~~072~~085,~~028~~532.1568 96.~~5715407320~~4194582063% 100.0000000000 % B1 $4,~~846~~840,~~027~~227.6214 $4,~~840~~834,~~227~~371.1452 ~~994~~993.~~26089865~~07081247 1.~~1426781474~~1933660422% 0.0000000000 % B2 $2,~~423~~420,~~013~~113.8157 $2,~~420~~417,~~113~~185.5775 ~~994~~993.~~26089865~~07081247 0.~~5713390737~~5966830211% 0.0000000000 % B3 $2,~~424~~421,~~008~~106.0663 $2,~~421~~418,~~106~~177.6361 ~~994~~993.~~26089418~~07080804 0.~~5715735147~~5969278617% 0.0000000000 % B4 $1,~~696~~694,~~209~~178.1081 $1,~~694~~692,~~178~~129.8122 ~~994~~993.~~26090270~~07081477 0.~~3999607976~~4177026000% 0.0000000000 % B5 $1,~~453~~451,~~609~~869.4251 $1,~~451~~450,~~869~~113.5106 ~~994~~993.~~26088919~~07080027 0.~~3427565522~~3579608396% 0.0000000000 % B6 $1,~~697~~694,~~016~~985.5125 $1,~~694~~692,~~985~~934.2568 ~~994~~993.~~26089719~~07080719 0.~~4001511823~~4179014292% 0.0000000000 % ---------------------------------------------------------------------------------------------------------------- Class SUB Total $14,~~539~~522,~~884~~480.5291 $14,~~522~~504,~~480~~911.9184 3.~~4284592680~~5805417937% 0.0000000000 % ================================================================================================================ Total $~~424~~405,~~093~~594,~~838~~509.7606 $~~405~~389,~~594~~590,~~509~~444.0652 100.0000000000% 100.0000000000 % PO Balance $.00 $.00 Non PO Balance $~~424~~405,~~093~~594,~~838~~509.7606 $~~405~~389,~~594~~590,~~509~~444.0652 ** Denotes Notional Balance

CitiMortgage, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: SBM7 2001-CPB1 Payment Date: 12/26/2001 P & I Advances --------------- Voluntary Advances $0.00 Trustee Advances $0.00 Advance Account Advances $0.00 Certificate Account Advances $96,196.09 Summary of Disbursements -------------------------- Withdrawals Remittances Residual and (Deposits) P&I Distributed -------------- -------- -------------- ---------------- $18,312,014.49 $0.00 $0.00 $18,312,014.49 Stated Collateral Information ------------------------------ Service Fees $38,190.34 Begin Balance $405,594,509.06 Aggregate Adj Balance $389,590,444.52 Realized Losses incurred during the related Prepayment Period ------------------------------------------------------------- Total Realized Losses $0.00 Which Include: Type Coverage Current Losses Cumulative Losses --------------- --------------- -------------- ----------------- Special Hazards $4,874,588.12 $0.00 $0.00 Bankruptcy $100,000.00 $0.00 $0.00 Fraud $9,749,176.24 $0.00 $0.00 Extraordinary Trust Fund Expenses --------------------------------- Expenses withdrawn from the collection Account or the Distribution Account: $0.00 COLLATERAL INFORMATION: AT ISSUE CURRENT ------------ --------------- WAC - SCHED BEG BAL 7.20% 7.08% WAC - SCHED END BAL 7.08% WAC - ACTUAL END BAL 7.08% WAM 330 322 AVG LTV AVG LOAN SIZE $628,979 $626,351 # OF LOANS 775 622 ACTUAL AGGREGATE $487,458,812.08 $389,948,078.15 PRINCIPAL BALANCE $487,458,812.08 $389,590,444.52

~~DELINQUENCY~~DELINQUECNY (1) Number of Amount of Scheduled Amount of Actual loans Balance Balance ----------- --------------------- ----------------- # PCT Amount PCT Amount PCT 30 + Days 83 10.2448% $51,~~359~~820,~~812~~425.8846 10.3247% $51,~~370~~828,~~957~~133.4639 10.3247% 60 + Days 0 0.00% $0.00 0.00% $0.00 0.00% (2) 90 + Days 21 0.3116% $1532,~~197,655~~924.4136 0.3014% $1534,~~201,296~~974.0610 0.3014% REAL ESTATE OWNED BY THE TRUST 0 0.00% $0.00 0.00% $0.00 0.00% FORECLOSURES IN PROCESS 0 0.00% $0.00 0.00% $0.00 0.00% BANKRUPTCIES IN PROCESS 0 0.00% $0.00 0.00% $0.00 0.00% PURCHASE AMOUNT ADVANCES NA (1) DETERMINED BY THE MBA METHOD. (2) 90+ DAYS DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST.

CitiMortgage, Inc. Distribution Date Statement to Certificateholder Remic Pass-Through Certificate Series Name: SBM7 2001-CPB1 Payment Date: 12/26/2001 Loans that became REO. Loan Id Actual Principal Balance Scheduled Principal Balance -------- ------------------------ --------------------------- NO REO $0.00 $0.00 Total book value of REO properties: $0.00

Filing Compare · SALOMON BROS MORT SEC VII INC SALO MORT LN TR SER 2001-CPB1