1
EXHIBIT 99.1
FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER TRUST 1997-2 (ISSUER)
THE FIRSTPLUS ASSET-BACKED NOTES AND CERTIFICATES SERIES 1997-2
AGREEMENT DATED JUNE 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 53,220,000.00 48,101,394.68 6.34% 7,804,598.16 0.00 254,135.70 0.00
A-2 103,860,000.00 103,860,000.00 6.31% 0.00 0.00 546,130.50 0.00
A-3 84,010,000.00 84,010,000.00 6.52% 0.00 0.00 456,454.33 0.00
A-4 80,400,000.00 80,400,000.00 6.64% 0.00 0.00 444,880.00 0.00
A-5 64,750,000.00 64,750,000.00 6.82% 0.00 0.00 367,995.83 0.00
A-6 46,400,000.00 46,400,000.00 6.88% 0.00 0.00 266,026.67 0.00
A-7 54,900,000.00 54,900,000.00 7.54% 0.00 0.00 344,955.00 0.00
A-8 49,230,000.00 49,230,000.00 7.58% 0.00 0.00 310,969.50 0.00
A-9 46,355,000.00 46,355,000.00 7.82% 0.00 0.00 302,080.08 0.00
M-1 78,750,000.00 78,750,000.00 7.60% 0.00 0.00 498,750.00 0.00
M-2 39,375,000.00 39,375,000.00 7.59% 0.00 0.00 249,046.88 0.00
B-1 31,875,000.00 31,875,000.00 7.93% 0.00 0.00 210,640.63 0.00
B-2(Certificates) 16,875,000.00 16,875,000.00 8.54% 0.00 0.00 120,093.75 0.00
R 0.00 2,302,857.87 0.00 0.00 0.00
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Totals 750,000,000.00 747,184,252.55 7,804,598.16 4,372,158.87
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Total Over Allocated Ending Pool
Class Distribution Collateral. Losses Balance Factor
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A-1 8,058,733.86 0.00 0.00 40,296,796.52 75.717393%
A-2 546,130.50 0.00 0.00 103,860,000.00 100.000000%
A-3 456,454.33 0.00 0.00 84,010,000.00 100.000000%
A-4 444,880.00 0.00 0.00 80,400,000.00 100.000000%
A-5 367,995.83 0.00 0.00 64,750,000.00 100.000000%
A-6 266,026.67 0.00 0.00 46,400,000.00 100.000000%
A-7 344,955.00 0.00 0.00 54,900,000.00 100.000000%
A-8 310,969.50 0.00 0.00 49,230,000.00 100.000000%
A-9 302,080.08 0.00 0.00 46,355,000.00 100.000000%
M-1 498,750.00 0.00 0.00 78,750,000.00 100.000000%
M-2 249,046.88 0.00 0.00 39,375,000.00 100.000000%
B-1 210,640.63 0.00 0.00 31,875,000.00 100.000000%
B-2(Certificates) 120,093.75 0.00 0.00 16,875,000.00 100.000000%
R 0.00 4,193,985.37 0.00 6,496,843.24 0.000000%
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Totals 12,176,757.03 743,573,639.76
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AMOUNTS PER 1,000 Principal
Balance Before Principal Interest Total End
CLASS CUSIP Distribution Remittance Remittance Distribution Balance
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A-1 903.821772 146.647842 4.775192 151.423034 757.173929
A-2 1000.000000 0.000000 5.258333 5.258333 1000.000000
A-3 1000.000000 0.000000 5.433333 5.433333 1000.000000
A-4 1000.000000 0.000000 5.533333 5.533333 1000.000000
A-5 1000.000000 0.000000 5.683333 5.683333 1000.000000
A-6 1000.000000 0.000000 5.733333 5.733333 1000.000000
A-7 1000.000000 0.000000 6.283333 6.283333 1000.000000
A-8 1000.000000 0.000000 6.316667 6.316667 1000.000000
A-9 1000.000000 0.000000 6.516667 6.516667 1000.000000
M-1 1000.000000 0.000000 6.333333 6.333333 1000.000000
M-2 1000.000000 0.000000 6.325000 6.325000 1000.000000
B-1 1000.000000 0.000000 6.608333 6.608333 1000.000000
B-2(Certificates) 1000.000000 0.000000 7.116667 7.116667 1000.000000
Original weighted average securities rate = 7.04%
Current weighted average securities rate = 7.05%
Determination Date August 5, 1997
Distribution Date August 8, 1997
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FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER TRUST 1997-2 (ISSUER)
THE FIRSTPLUS ASSET-BACKED NOTES AND CERTIFICATES SERIES 1997-2
AGREEMENT DATED JUNE 1, 1997
SERVICER'S MONTHLY REMITTANCE REPORT
COLLECTIONS ON THE MORTGAGE LOANS:
Interest Principal Total
-------- --------- -----
Scheduled Monthly Payments 6,311,221.53 1,165,109.91 7,476,331.44
Recovery of Delinquent Scheduled Payments 863,921.39 122,078.45 985,999.84
Principal Prepayments 884,026.63 2,323,392.03 3,207,418.66
Foreclosure Collections 0.00 0.00 0.00
Prefunding Account Deposit 0.00 32.40 32.40
Available Collection Amount 8,059,169.55 3,610,612.79 11,669,782.34
FEES:
Servicing Fee 352,542.10
Trustee Fee 1,175.14
Owner Trustee Fee 0.00
Total Fees: 353,717.24
OVERCOLLATERALIZATION INFORMATION*:
Original Overcollateralization Amount 0.00
Current Overcollateralization Amount 6,496,843.24
Required Overcollateralization Amount 33,750,000.00
AMOUNT IN PREFUNDING ACCOUNT: 0.00
CAPITAL ACCOUNT INFORMATION:
Amount Remaining in Capitalized Interest Account 0.00
Amount to be Disbursed from Capitalized Interest Account to Note Distribution Account 859,428.63
COLLATERAL INFORMATION:
Beginning Weighted Average Remaining Maturity 228
Ending Weighted Average Remaining Maturity 228
Beginning Weighted Average Coupon 13.750%
Ending Weighted Average Coupon 13.750%
Beginning Number of Loans 18,449
Ending Number of Loans 24,246
Beginning Unpaid Principle Balance of Home Loans 564,067,365.64
Ending Unpaid Principle Balance of Home Loans 743,573,639.76
Loans Paid in Full 89
DELINQUENCIES:
# $ % of $
- - ------
30-59 Days 72 2,095,666.00 0.3715%
60-89 Days 22 643,452.00 0.1141%
Over 90 0 0.00 0.0000%
Total 94 2,739,118.00 0.4856%
LIQUIDATED LOANS:
Principal Interest
Liquidation Proceeds 0.00 0.00
Write-Offs 0.00 0.00
Net Losses 0.00 0.00
