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- ------------------------------------------------------------------------------
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) August 31, 1999
CWABS, INC. (as depositor under the Pooling and
Servicing Agreement, dated as of August 30, 1999,
providing for the issuance of the Countrywide Home Equity
Loan Trust 1999-C, Revolving Home Equity Loan Asset Backed
Certificates, Series 1999-C).
CWABS, INC.
-----------
(Exact name of registrant as specified in its charter)
Delaware 333-84365 95-4596514
- ---------------------------- ------------ -------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
- --------------------- ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 225-3240
--- --------
- ------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
- ---- ------------
Description of the Mortgage Pool*
- --------------------------------
On August 31, 1999, CWABS, Inc. (the "Company") entered into a Pooling and
Servicing Agreement dated as of August 30, 1999 (the "Pooling and Servicing
Agreement"), by and among the Company, as depositor, Countrywide Home Loans,
Inc. ("CHL"), as sponsor and as master servicer, and The First National Bank
of Chicago, as trustee (the "Trustee"), providing for the issuance of the
Company's Revolving Home Equity Loan Asset Backed Certificates, Series 1999-C.
- ----------------------------
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus dated August 12, 1999 and the
Prospectus Supplement dated August 19, 1999, of CWABS, Inc., relating to
its Asset-Backed Certificates, Series 1999-C.
<PAGE>
Mortgage Loan Statistics
------------------------
The following tables describe characteristics of the Mortgage Loans in
the Trust Fund as of the Cut-off Date. All percentages set forth below have
been calculated based on the principal balance of the Mortgage Loans as of the
date set forth below. The sum of the columns may not equal the respective
totals due to rounding.
<PAGE>
FOR INTERNAL USE ONLY
ALL AMOUNTS SUBJECT TO CHANGE
PRELIMINARY INFORMATION SHEET
09/07/1999
COUNTRYWIDE HOME EQUITY LOAN TRUST 1999-C - CONFORMING LOANS (BOND GROUP 1)
STATISTICAL POOL
CUTOFF DATE: Aug 30, 1999
NUMBER OF 17,308
LOANS:
INDEX: Prime Rate
TOTAL PRINCIPAL BALANCE: $345,222,070.54
TOTAL CREDIT LIMIT: $533,432,363.62
<TABLE>
<CAPTION>
AVG/WAVG MIN MAX
<S> <C> <C> <C>
AVG PRINCIPAL BALANCE: $22,087.14 $0.00 $850,000.00
AVG CREDIT LIMIT: $30,819.99 $7,350.00 $850,000.00
AVG COLLATERAL VALUE: $211,934.92 $24,000.00 $6,000,000.00
WAVG GROSS COUPON: 6.9550 % 5.8750 % 13.5000 %
WAVG MARGIN: 2.36 % 0.00 % 6.77 %
WAVG MAX INT RATE: 17.8140 % 11.7500 % 18.0000 %
WAVG MIN INT RATE: 6.9280 % 0.0000 % 13.5000 %
WAVG RATE RESET PERIOD: 1 months 1 months 1 months
WAVG FIRST RATE RESET PERIOD: 6 months 1 months 9 months
WAVG MONTHS TO ROLL: 5 months 1 months 8 months
WAVG COMBINED LTV: 82.00 % 2.50 % 100.00 %
WAVG FICO SCORE: 712.84 603.00 819.00
WAVG LIMIT UTILIZATION: 85.30 % 0.00 % 100.00 %
WAVG SECOND MTG. RATIO: 25.24 % 2.46 % 100.00 %
WAVG ORIGINAL TERM: 296 months 156 months 302 months
WAVG DRAW TERM: 119 months 36 months 180 months
WAVG REPAY TERM: 178 months 0 months 182 months
WAVG STATED REMAINING TERM: 295 months 152 months 302 months
WAVG SEASONING: 1 months 0 months 6 months
TOP CITY CONCENTRATIONS ($): 1.18 % San Jose, 1.11 % Los Angeles, 1.09 % San Diego
TOP STATE CONCENTRATIONS ($): 27.78 % California, 6.48 % Michigan, 5.38 % Colorado
</TABLE>
MAXIMUM ZIP CODE CONCENTRATION ($): 0.33 % 94062 (Woodside, CA)
ORIGINATION DATE: Feb 25, 1999 Aug 27, 1999
FIRST PAY DATE: Mar 01, 1999 Sep 01, 1999
MATURE DATE: Apr 01, 2012 Oct 01, 2024
RATE ADJ. DATE: Sep 01, 1999 Apr 01, 2000
FOR INTERNAL USE ONLY
ALL AMOUNTS SUBJECT TO CHANGE
PRELIMINARY INFORMATION SHEET
09/07/1999
COUNTRYWIDE HOME EQUITY LOAN TRUST 1999-C - NON-CONFORMING LOANS (BOND GROUP 2)
STATISTICAL POOL
CUTOFF DATE: Aug 30, 1999
NUMBER OF LOANS: 1,098
INDEX: Prime Rate
TOTAL PRINCIPAL BALANCE: $60,917,491.76
TOTAL CREDIT LIMIT: $96,806,775.37
<TABLE>
<CAPTION>
AVG/WAVG MIN MAX
<S> <C> <C> <C>
AVG PRINCIPAL BALANCE: $60,434.02 $0.00 $500,000.00
AVG CREDIT LIMIT: $88,166.46 $7,500.00 $500,000.00
AVG COLLATERAL VALUE: $423,071.01 $50,000.00 $4,000,000.00
WAVG GROSS COUPON: 6.9510 % 5.9900 % 12.5000 %
WAVG MARGIN: 1.70 % 0.00 % 6.00 %
WAVG MAX INT RATE: 17.8940 % 11.7500 % 18.0000 %
WAVG MIN INT RATE: 6.9080 % 5.9900 % 11.5000 %
WAVG RATE RESET PERIOD: 1 months 1 months 1 months
WAVG FIRST RATE RESET PERIOD: 6 months 1 months 6 months
WAVG MONTHS TO ROLL: 6 months 1 months 7 months
WAVG COMBINED LTV: 77.80 % 6.35 % 100.00 %
WAVG FICO SCORE: 721.23 620.00 809.00
WAVG LIMIT UTILIZATION: 86.81 % 0.00 % 100.00 %
WAVG SECOND MTG. RATIO: 35.28 % 2.94 % 100.00 %
WAVG ORIGINAL TERM: 298 months 156 months 302 months
WAVG DRAW TERM: 121 months 36 months 180 months
WAVG REPAY TERM: 178 months 0 months 182 months
WAVG STATED REMAINING TERM: 297 months 154 months 302 months
WAVG SEASONING: 1 months 0 months 4 months
TOP CITY CONCENTRATIONS ($): 3.97 % Los Angeles, 1.69 % Honolulu, 1.58 % San Jose
TOP STATE CONCENTRATIONS ($): 43.20 % California, 6.28 % Colorado, 5.28 % New Jersey
</TABLE>
MAXIMUM ZIP CODE CONCENTRATION ($): 1.02 % 90210 (Beverly Hills, CA)
ORIGINATION DATE: Apr 30, 1999 Aug 30, 1999
FIRST PAY DATE: May 01, 1999 Sep 01, 1999
MATURE DATE: Jun 01, 2012 Oct 01, 2024
RATE ADJ. DATE: Sep 01, 1999 Mar 01, 2000
<PAGE>
<TABLE>
<CAPTION>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
LIEN POSITION LOANS BALANCE PRINCIPAL BALANCE
<S> <C> <C> <C>
First Lien 26 $1,900,917.35 3.12%
Second Lien 1,072 59,016,574.41 96.88
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
PRINCIPAL BALANCE LOANS BALANCE PRINCIPAL BALANCE
<= 0.00 90 $0.00 0.00%
0.01 - 10,000.00 93 671,290.50 1.1
10,000.01 - 20,000.00 125 2,038,965.89 3.35
20,000.01 - 30,000.00 177 4,541,400.98 7.46
30,000.01 - 40,000.00 110 3,915,398.37 6.43
40,000.01 - 50,000.00 119 5,447,901.64 8.94
50,000.01 - 60,000.00 68 3,788,246.13 6.22
60,000.01 - 70,000.00 41 2,718,491.23 4.46
70,000.01 - 80,000.00 35 2,614,434.34 4.29
80,000.01 - 90,000.00 27 2,351,600.45 3.86
90,000.01 - 100,000.00 33 3,226,456.99 5.3
100,000.01 - 110,000.00 10 1,062,733.25 1.74
110,000.01 - 120,000.00 10 1,153,011.14 1.89
120,000.01 - 130,000.00 27 3,383,037.31 5.55
130,000.01 - 140,000.00 22 3,000,672.20 4.93
140,000.01 - 150,000.00 45 6,651,807.22 10.92
150,000.01 - 160,000.00 6 948,318.18 1.56
160,000.01 - 170,000.00 9 1,481,419.66 2.43
170,000.01 - 180,000.00 10 1,752,464.16 2.88
180,000.01 - 190,000.00 3 552,569.51 0.91
190,000.01 - 200,000.00 10 1,973,388.05 3.24
200,000.01 - 210,000.00 2 410,016.09 0.67
210,000.01 - 220,000.00 4 870,344.79 1.43
220,000.01 - 230,000.00 3 666,397.39 1.09
230,000.01 - 240,000.00 1 239,815.90 0.39
240,000.01 - 250,000.00 5 1,239,845.89 2.04
250,000.01 - 260,000.00 1 260,000.00 0.43
260,000.01 - 270,000.00 2 531,000.00 0.87
270,000.01 - 280,000.00 2 552,000.00 0.91
290,000.01 - 300,000.00 2 594,464.50 0.98
320,000.01 - 330,000.00 1 325,000.00 0.53
340,000.01 - 350,000.00 1 350,000.00 0.57
350,000.01 - 360,000.00 1 360,000.00 0.59
360,000.01 - 370,000.00 1 370,000.00 0.61
370,000.01 - 380,000.00 1 375,000.00 0.62
490,000.01 - 500,000.00 1 500,000.00 0.82
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
LOAN RATES LOANS BALANCE PRINCIPAL BALANCE
5.990 - 6.000 % 42 $2,248,374.15 3.69%
6.001 - 6.500 1 74,057.00 0.12
6.501 - 7.000 1,009 55,538,952.85 91.17
7.001 - 7.500 8 533,325.00 0.88
8.001 - 8.500 8 657,777.34 1.08
8.501 - 9.000 6 391,118.46 0.64
9.001 - 9.500 4 261,449.44 0.43
9.501 - 10.000 10 589,085.32 0.97
10.001 - 10.500 5 455,232.20 0.75
10.501 - 11.000 4 108,425.00 0.18
12.001 - 12.500 1 59,695.00 0.1
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
MARGIN LOANS BALANCE PRINCIPAL BALANCE
<= 0.00 107 $7,727,410.38 12.69%
0.01 - 0.25 43 2,526,350.46 4.15
0.26 - 0.50 160 12,791,260.65 21
0.51 - 0.75 72 3,345,012.81 5.49
0.76 - 1.00 27 1,157,307.16 1.9
1.01 - 1.25 118 6,635,486.20 10.89
1.26 - 1.50 6 587,469.95 0.96
1.51 - 1.75 9 644,160.91 1.06
1.76 - 2.00 139 7,390,483.99 12.13
2.01 - 2.25 78 4,069,266.10 6.68
2.26 - 2.50 13 865,872.52 1.42
2.51 - 2.75 36 1,296,469.73 2.13
2.76 - 3.00 99 3,929,935.16 6.45
3.01 - 3.25 34 1,426,647.79 2.34
3.26 - 3.50 42 1,940,092.97 3.18
3.51 - 3.75 27 1,209,184.72 1.98
3.76 - 4.00 25 873,848.63 1.43
4.01 - 4.25 28 1,109,872.87 1.82
4.26 - 4.50 17 825,506.60 1.36
4.51 - 4.75 3 45,953.56 0.08
4.76 - 5.00 3 79,499.66 0.13
5.01 - 5.25 11 426,398.94 0.7
5.76 - 6.00 1 14,000.00 0.02
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
MAXIMUM RATES LOANS BALANCE PRINCIPAL BALANCE
11.75 5 $303,247.49 0.50%
12 5 254,800.00 0.42
15 1 99,408.72 0.16
16 12 279,380.00 0.46
17 35 2,181,120.34 3.58
18 1,040 57,799,535.21 94.88
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
COMBINED LTV LOANS BALANCE PRINCIPAL BALANCE
6.349 - 10.000 5 $59,752.74 0.10%
10.001 - 20.000 3 58,147.58 0.1
20.001 - 30.000 8 481,322.43 0.79
30.001 - 40.000 14 843,089.00 1.38
40.001 - 50.000 31 2,289,149.41 3.76
50.001 - 60.000 50 3,005,414.58 4.93
60.001 - 70.000 178 10,625,278.51 17.44
70.001 - 80.000 283 19,390,501.04 31.83
80.001 - 90.000 366 17,321,235.46 28.43
90.001 - 100.000 160 6,843,601.01 11.23
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
REMAINING TERM LOANS BALANCE PRINCIPAL BALANCE
154 - 154 2 $138,559.23 0.23%
155 - 165 2 97,932.92 0.16
177 - 187 11 609,182.17 1
232 - 242 10 558,047.49 0.92
287 - 297 140 7,857,263.42 12.9
298 - 302 933 51,656,506.53 84.8
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
DELINQUENT LOANS BALANCE PRINCIPAL BALANCE
CURRENT 1,098 $60,917,491.76 100.00%
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
ORIGINATION YEAR LOANS BALANCE PRINCIPAL BALANCE
1999 1,098 $60,917,491.76 100.00%
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
PROPERTY TYPE LOANS BALANCE PRINCIPAL BALANCE
2-4 Units 8 $523,582.84 0.86%
Condo Low-Rise 40 2,093,225.71 3.44
PUD 184 9,852,850.81 16.17
Single Family 866 48,447,832.40 79.53
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
STATE LOANS BALANCE PRINCIPAL BALANCE
Alabama 4 $102,907.00 0.17%
Alaska 1 28,600.00 0.05
Arizona 23 1,090,492.33 1.79
California 425 26,313,660.63 43.2
Colorado 63 3,827,814.48 6.28
Connecticut 9 299,532.32 0.49
Delaware 3 97,472.46 0.16
District of Columbia 1 125,000.00 0.21
Florida 28 1,637,365.74 2.69
Georgia 15 1,060,674.71 1.74
Hawaii 117 2,788,090.89 4.58
Idaho 4 97,857.50 0.16
Illinois 40 2,280,713.30 3.74
Indiana 5 136,368.83 0.22
Iowa 1 17,780.60 0.03
Kansas 7 461,685.04 0.76
Louisiana 5 244,337.30 0.4
Maine 1 20,000.00 0.03
Maryland 14 828,452.41 1.36
Massachusetts 30 1,727,959.38 2.84
Michigan 41 2,382,015.11 3.91
Minnesota 7 364,800.41 0.6
Mississippi 1 32,000.00 0.05
Missouri 12 611,965.39 1
Montana 1 99,408.72 0.16
Nebraska 2 189,229.31 0.31
Nevada 9 419,377.91 0.69
New Hampshire 2 120,554.31 0.2
New Jersey 46 3,218,248.77 5.28
New Mexico 4 287,621.29 0.47
New York 18 1,217,846.55 2
North Carolina 12 279,380.00 0.46
North Dakota 1 15,000.00 0.02
Ohio 12 383,720.68 0.63
Oklahoma 8 414,996.51 0.68
Oregon 16 850,207.34 1.4
Pennsylvania 18 949,347.88 1.56
Rhode Island 2 52,500.00 0.09
South Carolina 4 173,381.46 0.28
Tennessee 10 558,047.49 0.92
Texas 4 336,354.60 0.55
Utah 14 1,209,934.07 1.99
Vermont 1 7,500.00 0.01
Virginia 11 361,036.20 0.59
Washington 42 2,980,581.58 4.89
Wisconsin 3 116,180.00 0.19
Wyoming 1 99,491.26 0.16
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
CREDIT LIMIT LOANS BALANCE PRINCIPAL BALANCE
7,500.00 - 10,000.00 4 $32,371.20 0.05%
10,000.01 - 20,000.00 49 610,333.02 1
20,000.01 - 30,000.00 190 3,550,465.57 5.83
30,000.01 - 40,000.00 104 3,091,914.86 5.08
40,000.01 - 50,000.00 145 4,999,909.22 8.21
50,000.01 - 60,000.00 90 4,072,523.31 6.69
60,000.01 - 70,000.00 52 2,649,815.50 4.35
70,000.01 - 80,000.00 46 2,207,296.07 3.62
80,000.01 - 90,000.00 27 1,724,923.47 2.83
90,000.01 - 100,000.00 58 3,517,757.25 5.77
100,000.01 - 110,000.00 9 597,113.74 0.98
110,000.01 - 120,000.00 3 188,000.00 0.31
120,000.01 - 130,000.00 48 3,922,670.34 6.44
130,000.01 - 140,000.00 38 3,433,531.23 5.64
140,000.01 - 150,000.00 81 7,679,752.28 12.61
150,000.01 - 160,000.00 14 1,488,253.96 2.44
160,000.01 - 170,000.00 14 1,322,139.93 2.17
170,000.01 - 180,000.00 13 1,225,285.54 2.01
180,000.01 - 190,000.00 10 923,715.99 1.52
190,000.01 - 200,000.00 30 3,320,838.45 5.45
200,000.01 - 210,000.00 6 514,600.00 0.84
210,000.01 - 220,000.00 4 794,378.79 1.3
220,000.01 - 230,000.00 10 676,198.69 1.11
230,000.01 - 240,000.00 3 424,850.11 0.7
240,000.01 - 250,000.00 10 1,373,861.98 2.26
250,000.01 - 260,000.00 1 260,000.00 0.43
260,000.01 - 270,000.00 3 531,000.00 0.87
270,000.01 - 280,000.00 5 612,000.00 1
280,000.01 - 290,000.00 3 427,285.30 0.7
290,000.01 - 300,000.00 10 1,164,294.91 1.91
300,000.01 - 310,000.00 2 319,842.39 0.53
310,000.01 - 320,000.00 2 322,439.39 0.53
330,000.01 - 340,000.00 1 93,180.07 0.15
340,000.01 - 350,000.00 1 350,000.00 0.57
350,000.01 - 360,000.00 2 560,000.00 0.92
360,000.01 - 370,000.00 2 695,000.00 1.14
400,000.01 - 410,000.00 1 161,000.00 0.26
450,000.01 - 460,000.00 1 0 0
490,000.01 - 500,000.00 6 1,078,949.20 1.77
TOTAL 1,098 $60,917,491.76 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF CREDIT MORTGAGE PRINCIPAL DATE AGGREGATE
LIMIT UTILIZATION RATES LOANS BALANCE PRINCIPAL BALANCE
<= 0.00 87 $0.00 0.00%
0.01 - 10.00 33 189,868.83 0.31
10.01 - 20.00 48 865,921.49 1.42
20.01 - 30.00 56 1,427,907.38 2.34
30.01 - 40.00 38 1,351,789.17 2.22
40.01 - 50.00 59 1,899,064.83 3.12
50.01 - 60.00 54 2,172,750.36 3.57
60.01 - 70.00 67 3,623,677.28 5.95
70.01 - 80.00 63 4,298,336.45 7.06
80.01 - 90.00 58 4,152,793.45 6.82
90.01 - 100.00 535 40,935,382.52 67.2
TOTAL 1,098 $60,917,491.76 100.00%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
LIEN POSITION LOANS BALANCE PRINCIPAL BALANCE
<S> <C> <C> <C>
First Lien 338 $13,516,915.24 3.92%
Second Lien 16,970 331,705,155.30 96.08
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
PRINCIPAL BALANCE LOANS BALANCE PRINCIPAL BALANCE
<= 0.00 1,678 $0.00 0.00%
0.01 - 10,000.00 4,244 32,277,368.65 9.35
10,000.01 - 20,000.00 5,527 84,356,899.04 24.44
20,000.01 - 30,000.00 2,774 69,968,576.30 20.27
30,000.01 - 40,000.00 1,227 43,249,114.19 12.53
40,000.01 - 50,000.00 746 34,050,059.71 9.86
50,000.01 - 60,000.00 403 22,278,572.00 6.45
60,000.01 - 70,000.00 252 16,459,682.78 4.77
70,000.01 - 80,000.00 170 12,713,560.46 3.68
80,000.01 - 90,000.00 75 6,449,488.79 1.87
90,000.01 - 100,000.00 160 15,611,598.11 4.52
100,000.01 - 110,000.00 24 2,544,192.96 0.74
110,000.01 - 120,000.00 11 1,285,217.65 0.37
120,000.01 - 130,000.00 2 250,858.98 0.07
130,000.01 - 140,000.00 2 279,500.00 0.08
140,000.01 - 150,000.00 3 442,780.92 0.13
170,000.01 - 180,000.00 1 180,000.00 0.05
190,000.01 - 200,000.00 3 589,400.00 0.17
200,000.01 - 210,000.00 1 210,000.00 0.06
230,000.01 - 240,000.00 1 236,000.00 0.07
290,000.01 - 300,000.00 2 595,200.00 0.17
340,000.01 - 350,000.00 1 344,000.00 0.1
840,000.01 - 850,000.00 1 850,000.00 0.25
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
LOAN RATES LOANS BALANCE PRINCIPAL BALANCE
5.875 - 6.000 % 992 $20,432,042.40 5.92%
6.501 - 7.000 15,617 306,825,478.87 88.88
7.001 - 7.500 45 1,225,504.40 0.35
7.501 - 8.000 11 150,887.13 0.04
8.001 - 8.500 50 1,216,097.90 0.35
8.501 - 9.000 65 2,095,348.11 0.61
9.001 - 9.500 38 778,730.82 0.23
9.501 - 10.000 141 3,693,368.19 1.07
10.001 - 10.500 128 3,235,918.31 0.94
10.501 - 11.000 132 3,529,697.21 1.02
11.001 - 11.500 42 1,008,169.51 0.29
11.501 - 12.000 29 630,494.55 0.18
12.001 - 12.500 13 291,832.93 0.08
12.501 - 13.000 2 20,060.00 0.01
13.001 - 13.500 3 88,440.21 0.03
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
MARGIN LOANS BALANCE PRINCIPAL BALANCE
<= 0.00 1,010 $17,488,146.40 5.07%
0.01 - 0.25 273 5,890,042.67 1.71
0.26 - 0.50 1,211 23,472,664.37 6.8
0.51 - 0.75 1,188 21,301,528.53 6.17
0.76 - 1.00 524 10,674,922.71 3.09
1.01 - 1.25 1,699 32,873,272.45 9.52
1.26 - 1.50 137 2,196,146.26 0.64
1.51 - 1.75 180 4,133,145.25 1.2
1.76 - 2.00 2,721 46,723,881.53 13.53
2.01 - 2.25 1,149 24,000,108.67 6.95
2.26 - 2.50 171 4,548,655.20 1.32
2.51 - 2.75 1,077 18,505,694.72 5.36
2.76 - 3.00 1,870 40,173,332.40 11.64
3.01 - 3.25 705 19,940,304.27 5.78
3.26 - 3.50 607 16,520,110.14 4.79
3.51 - 3.75 767 15,083,115.39 4.37
3.76 - 4.00 477 9,596,370.00 2.78
4.01 - 4.25 540 11,232,617.19 3.25
4.26 - 4.50 450 11,063,796.14 3.2
4.51 - 4.75 82 1,061,254.56 0.31
4.76 - 5.00 95 1,190,871.19 0.34
5.01 - 5.25 257 5,562,628.35 1.61
5.26 - 5.50 56 1,348,726.10 0.39
5.76 - 6.00 47 509,883.57 0.15
6.01 - 6.25 12 122,826.57 0.04
6.76 - 6.77 3 8,025.91 0
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
MAXIMUM RATES LOANS BALANCE PRINCIPAL BALANCE
11.75 177 $2,846,805.72 0.82%
12 111 2,117,746.73 0.61
15 119 1,973,772.67 0.57
16 374 5,455,117.98 1.58
17 947 16,949,257.70 4.91
18 15,580 315,879,369.74 91.5
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
COMBINED LTV LOANS BALANCE PRINCIPAL BALANCE
2.500 - 10.000 41 $535,887.01 0.16%
10.001 - 20.000 112 2,317,936.58 0.67
20.001 - 30.000 110 3,449,887.88 1
30.001 - 40.000 202 4,234,126.54 1.23
40.001 - 50.000 387 7,119,955.38 2.06
50.001 - 60.000 747 13,370,123.34 3.87
60.001 - 70.000 2,124 38,876,545.82 11.26
70.001 - 80.000 3,283 62,548,524.76 18.12
80.001 - 90.000 7,377 140,503,286.94 40.7
90.001 - 100.000 2,925 72,265,796.29 20.93
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
REMAINING TERM LOANS BALANCE PRINCIPAL BALANCE
152 - 154 48 $1,875,986.78 0.54%
155 - 165 63 2,305,822.37 0.67
166 - 176 3 184,556.65 0.05
177 - 187 98 3,787,360.49 1.1
232 - 242 288 4,965,543.54 1.44
287 - 297 2,356 45,649,916.75 13.22
298 - 302 14,452 286,452,883.96 82.98
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
DELINQUENT LOANS BALANCE PRINCIPAL BALANCE
30-59 Days 26 $455,080.13 0.13%
CURRENT 17,282 344,766,990.41 99.87
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
ORIGINATION YEAR LOANS BALANCE PRINCIPAL BALANCE
1999 17,308 $345,222,070.54 100.00%
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
PROPERTY TYPE LOANS BALANCE PRINCIPAL BALANCE
2-4 Units 173 $3,721,662.20 1.08%
Condo Low-Rise 768 13,270,802.23 3.84
PUD 1,931 42,730,676.78 12.38
Single Family 14,436 285,498,929.33 82.7
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
MORTGAGE PRINCIPAL DATE AGGREGATE
STATE LOANS BALANCE PRINCIPAL BALANCE
Alabama 286 $5,018,147.88 1.45%
Alaska 50 1,070,897.35 0.31
Arizona 553 11,052,069.49 3.2
California 3,713 95,886,770.75 27.78
Colorado 824 18,580,409.35 5.38
Connecticut 134 2,171,417.22 0.63
Delaware 33 678,504.46 0.2
District of Columbia 9 120,447.47 0.03
Florida 907 15,614,560.44 4.52
Georgia 419 7,909,850.92 2.29
Hawaii 10 246,150.00 0.07
Idaho 174 3,000,253.32 0.87
Illinois 763 14,296,663.29 4.14
Indiana 310 5,220,650.44 1.51
Iowa 52 810,835.28 0.23
Kansas 256 3,773,597.48 1.09
Kentucky 93 1,755,260.87 0.51
Louisiana 202 3,582,820.75 1.04
Maine 47 703,203.91 0.2
Maryland 303 5,125,148.91 1.48
Massachusetts 516 9,375,372.88 2.72
Michigan 1,207 22,375,183.27 6.48
Minnesota 150 2,511,509.06 0.73
Mississippi 54 723,490.73 0.21
Missouri 280 4,764,640.48 1.38
Montana 124 2,086,042.10 0.6
Nebraska 92 1,363,396.94 0.39
Nevada 187 3,427,208.43 0.99
New Hampshire 109 2,011,375.32 0.58
New Jersey 598 10,761,879.34 3.12
New Mexico 170 3,693,648.15 1.07
New York 403 8,154,994.08 2.36
North Carolina 372 5,433,682.15 1.57
North Dakota 12 168,553.68 0.05
Ohio 651 10,698,154.48 3.1
Oklahoma 259 4,570,395.08 1.32
Oregon 329 6,001,241.27 1.74
Pennsylvania 566 9,813,172.62 2.84
Rhode Island 62 1,294,518.91 0.37
South Carolina 135 2,143,322.75 0.62
South Dakota 13 193,697.10 0.06
Tennessee 289 4,978,314.78 1.44
Texas 18 559,898.79 0.16
Utah 328 7,103,529.97 2.06
Vermont 19 208,114.79 0.06
Virginia 279 4,765,840.95 1.38
Washington 644 13,778,887.73 3.99
Wisconsin 238 4,263,261.41 1.23
Wyoming 66 1,381,083.72 0.4
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF MORTGAGE PRINCIPAL DATE AGGREGATE
CREDIT LIMIT LOANS BALANCE PRINCIPAL BALANCE
7,350.00 - 10,000.00 773 $5,206,513.75 1.51%
10,000.01 - 20,000.00 6,322 71,783,583.08 20.79
20,000.01 - 30,000.00 4,734 80,141,272.59 23.21
30,000.01 - 40,000.00 1,881 45,788,414.87 13.26
40,000.01 - 50,000.00 1,388 40,547,749.49 11.75
50,000.01 - 60,000.00 654 24,215,429.02 7.01
60,000.01 - 70,000.00 423 18,001,847.29 5.21
70,000.01 - 80,000.00 368 16,755,166.93 4.85
80,000.01 - 90,000.00 170 8,072,743.16 2.34
90,000.01 - 100,000.00 492 25,197,776.57 7.3
100,000.01 - 110,000.00 32 2,579,185.90 0.75
110,000.01 - 120,000.00 37 2,314,164.93 0.67
120,000.01 - 130,000.00 4 265,500.00 0.08
130,000.01 - 140,000.00 4 405,358.98 0.12
140,000.01 - 150,000.00 3 353,200.00 0.1
160,000.01 - 170,000.00 3 88,689.59 0.03
170,000.01 - 180,000.00 1 180,000.00 0.05
190,000.01 - 200,000.00 3 450,825.47 0.13
200,000.01 - 210,000.00 2 265,038.00 0.08
220,000.01 - 230,000.00 1 93,000.00 0.03
230,000.01 - 240,000.00 2 236,000.00 0.07
270,000.01 - 280,000.00 2 191,000.00 0.06
290,000.01 - 300,000.00 3 646,200.00 0.19
340,000.01 - 350,000.00 1 344,000.00 0.1
420,000.01 - 430,000.00 1 99,830.00 0.03
460,000.01 - 470,000.00 1 0 0
490,000.01 - 500,000.00 1 0 0
840,000.01 - 850,000.00 2 999,580.92 0.29
TOTAL 17,308 $345,222,070.54 100.00%
<PAGE>
AGGREGATE PERCENT OF
NUMBER OF UNPAID STATISTIC CALCULATION
RANGE OF CREDIT MORTGAGE PRINCIPAL DATE AGGREGATE
LIMIT UTILIZATION RATES LOANS BALANCE PRINCIPAL BALANCE
<= 0.00 1,676 $39,911.04 0.01%
0.01 - 10.00 419 978,087.13 0.28
10.01 - 20.00 454 3,641,963.06 1.05
20.01 - 30.00 669 6,723,071.29 1.95
30.01 - 40.00 976 11,756,552.96 3.41
40.01 - 50.00 1,274 16,854,629.97 4.88
50.01 - 60.00 918 14,741,014.30 4.27
60.01 - 70.00 1,267 21,451,572.92 6.21
70.01 - 80.00 1,120 23,305,522.53 6.75
80.01 - 90.00 1,011 24,746,972.17 7.17
90.01 - 100.00 7,524 220,982,773.17 64.01
TOTAL 17,308 $345,222,070.54 100.00%
</TABLE>
<PAGE>
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 hereunto duly authorized.
CWABS, INC.
By: /s/ David Walker
-----------------------
David Walker
Vice President
Dated: September 14, 1999
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