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REVISED
FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER TRUST 1997-3 (ISSUER)
THE FIRSTPLUS ASSET-BACKED SECURITIES SERIES 1997-3
AGREEMENT DATED SEPTEMBER 1, 1997
SERVICER'S MONTHLY REMITTANCE REPORT
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Principal Current Principal Principal Interest
Original Balance Before Pass Remittance Carry Interest Carry
Class Face Value Distribution Through (Including Turbo) Forward Remittance Forward
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A-1 166,090,000.00 150,592,641.27 5.75625% 8,754,724.89 0.00 722,374.08 0.00
A-2 91,430,000.00 91,430,000.00 6.48% 0.00 0.00 493,722.00 0.00
A-3 83,220,000.00 83,220,000.00 6.57% 0.00 0.00 455,629.50 0.00
A-4 70,500,000.00 70,500,000.00 6.80% 0.00 0.00 399,500.00 0.00
A-5 47,090,000.00 47,090,000.00 6.86% 0.00 0.00 269,197.83 0.00
A-6 57,740,000.00 57,740,000.00 7.08% 0.00 0.00 340,666.00 0.00
A-7 50,430,000.00 50,430,000.00 7.22% 0.00 0.00 303,420.50 0.00
A-8 47,580,000.00 47,580,000.00 7.55% 0.00 0.00 299,357.50 0.00
M-1 88,880,000.00 88,880,000.00 7.32% 0.00 0.00 542,168.00 0.00
M-2 44,440,000.00 44,440,000.00 7.52% 0.00 0.00 278,490.67 0.00
B-1 36,360,000.00 36,360,000.00 7.79% 0.00 0.00 236,037.00 0.00
B-2(Certificates) 24,240,000.00 24,240,000.00 8.50% 0.00 0.00 171,700.00 0.00
R 0.00 0.00 0.00 0.00 0.00
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Totals 808,000,000.00 792,502,641.27 8,754,724.89 4,512,263.08
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Total Allocated Ending Pool
Class Distribution O/C Losses Balance Factor
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A-1 9,477,098.97 0.00 0.00 141,837,916.38 85.398228%
A-2 493,722.00 0.00 0.00 91,430,000.00 100.000000%
A-3 455,629.50 0.00 0.00 83,220,000.00 100.000000%
A-4 399,500.00 0.00 0.00 70,500,000.00 100.000000%
A-5 269,197.83 0.00 0.00 47,090,000.00 100.000000%
A-6 340,666.00 0.00 0.00 57,740,000.00 100.000000%
A-7 303,420.50 0.00 0.00 50,430,000.00 100.000000%
A-8 299,357.50 0.00 0.00 47,580,000.00 100.000000%
M-1 542,168.00 0.00 0.00 88,880,000.00 100.000000%
M-2 278,490.67 0.00 0.00 44,440,000.00 100.000000%
B-1 236,037.00 0.00 0.00 36,360,000.00 100.000000%
B-2(Certificates) 171,700.00 0.00 0.00 24,240,000.00 100.000000%
R 0.00 3,814,594.17 0.00 3,081,864.63 0.000000%
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Totals 13,266,987.97 786,829,781.01
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AMOUNTS PER 1,000 Principal
Balance Before Principal Interest Total End Determination Date December 5, 1997
CLASS CUSIP Distribution Remittance Remittance Distribution Balance Distribution Date December 10, 1997
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A-1 000000XX0 906.693005 52.710728 4.349293 57.060021 853.982277
A-2 000000XX0 1000.000000 0.000000 5.400000 5.400000 1000.000000
A-3 000000XX0 1000.000000 0.000000 5.475000 5.475000 1000.000000
A-4 000000XX0 1000.000000 0.000000 5.666667 5.666667 1000.000000
A-5 000000XX0 1000.000000 0.000000 5.716667 5.716667 1000.000000
A-6 000000XX0 1000.000000 0.000000 5.900000 5.900000 1000.000000
A-7 000000XX0 1000.000000 0.000000 6.016667 6.016667 1000.000000
A-8 000000XX0 1000.000000 0.000000 6.291667 6.291667 1000.000000
M-1 000000XX0 1000.000000 0.000000 6.100000 6.100000 1000.000000
M-2 000000XX0 1000.000000 0.000000 6.266667 6.266667 1000.000000
B-1 Certificates 000000XX0 1000.000000 0.000000 6.491667 6.491667 1000.000000
B-2 Certificates 000000XX0 1000.000000 0.000000 7.083333 7.083333 1000.000000
Original weighted average securities rate = 6.81%
Current weighted average securities rate = 6.82%
INTEREST REMITTANCE ON A-1 BASED ON NUMBER OF DAYS IN THE MONTH. BE CAREFUL!
OC: TAKE OUT 538,724.13-ADJUSTMENT MADE BECAUSE WE REMITTED CAP INT AS
PRINC.-BE CAREFUL!
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FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER TRUST 1997-3 (ISSUER)
THE FIRSTPLUS ASSET-BACKED SECURITIES SERIES 1997-3
AGREEMENT DATED SEPTEMBER 1, 1997
SERVICER'S MONTHLY REMITTANCE REPORT
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COLLECTIONS ON THE MORTGAGE LOANS:
Interest Principal Total
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Scheduled Monthly Payments 6,436,565.36 1,246,796.48 7,683,361.84
Recovery of Delinquent Scheduled Payments 1,168,170.06 140,336.06 1,308,506.12
Principal Prepayments 1,213,383.98 3,552,998.18 4,766,382.16
Foreclosure Collections 0.00 0.00 0.00
Cap Interest Release pursuant to Section 5.03 A 0.00 0.00 0.00
Remaining Prefunding Account Deposit 0.00 0.00 0.00
Collection Account Earnings 38,667.17 0.00 38,667.17
Available Collection Amount 8,856,786.57 4,940,130.72 13,796,917.29
FEES:
Servicing Fee 495,192.90
Indenture Trustee Fee 1,320.51
Owner Trustee Fee 0.00
Total Fees: 496,513.41
UNDERCOLLATERALIZATION INFORMATION:
Original Undercollateralization Amount 8,000,000.00
Current Undercollateralization Amount (0.00)
OVERCOLLATERALIZATION INFORMATION*:
Original Overcollateralization Amount 0.00
Current Overcollateralization Amount 3,081,864.63
Required Overcollateralization Amount 24,000,000.00
AMOUNT IN PREFUNDING ACCOUNT: 0.00
CAPITALIZED INTEREST ACCOUNT INFORMATION:
Amount Remaining in Capitalized Interest Account 0.00
Amount to be Disbursed from Capitalized Interest Account to Note Distribution Account 0.00
COLLATERAL INFORMATION:
Beginning Weighted Average Remaining Maturity 225
Ending Weighted Average Remaining Maturity 224
Beginning Weighted Average Coupon 13.800%
Ending Weighted Average Coupon 13.800%
Beginning Number of Loans 25,467
Ending Number of Loans 25,323
Beginning Unpaid Principle Balance of Home Loans 792,308,635.86
Ending Unpaid Principle Balance of Home Loans 786,829,781.01
Loans Paid in Full 144
DELINQUENCIES:
# $ % of $
- - ------
30-59 Days 77 2,186,286.00 0.2759%
60-89 Days 32 986,612.00 0.1245%
Over 90 18 559,542.00 0.0706%
Total 127 3,732,440.00 0.4711%
LIQUIDATED LOANS:
Principal Interest
Liquidation Proceeds 0.00 0.00
Write-Offs 0.00 0.00
Net Losses 0.00 0.00
* Assumes entire prefunded account is used to purchase home loans
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