|
|
|
|
|
|
|
|
|
|
Previous: AMERICAN RESIDENTIAL EAGLE BOND TRUST 1999-2 COLLATERALIZED, 8-K, 2000-11-14 |
Next: AMERICAN RESIDENTIAL EAGLE BOND TRUST 1999-2 COLLATERALIZED, 15-15D, 2000-11-14 |
<PAGE> 1
EXHIBIT 10.1
<PAGE> 2
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service -- CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Certificateholder Distribution Summary
<TABLE>
<CAPTION>
Certificate Certificate Beginning Current
Class Pass-Through Certificate Interest Principal Realized
Class CUSIP Description Rate Balance Distribution Distribution Loss
----- ----- ----------- ------------ -------------- ------------ ------------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 02926NAB2 SEQ 6.96188% 273,526,208.72 1,586,880.53 7,081,148.71 0.00
A-2 02926NAC0 SEQ 7.09000% 52,367,642.76 309,405.49 886,046.88 0.00
INV_CERT AMINV1992 SEQ 0.00000% 8,939,695.46 252,203.62 0.00 0.00
Totals 334,833,546.94 2,148,489.64 7,967,195.59 0.00
</TABLE>
<TABLE>
<CAPTION>
Ending Cumulative
Certificate Total Realized
Class Balance Distribution Losses
----- -------------- ------------- ----------
<S> <C> <C> <C>
A-1 266,445,060.01 8,668,029.24 0.00
A-2 51,481,595.88 1,195,452.37 0.00
INV_CERT 8,939,695.46 252,203.62 0.00
Totals 326,866,351.35 10,115,685.23 0.00
</TABLE>
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Page 1
<PAGE> 3
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service -- CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Principal Distribution Statement
<TABLE>
<CAPTION>
Original Beginning Scheduled Unscheduled Total
Face Certificate Principal Principal Realized Principal
Class Amount Balance Distribution Distribution Accretion Loss(1) Reduction
----- -------------- -------------- ------------ ------------ --------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 332,350,000.00 273,526,208.72 168,520.24 6,912,628.47 0.00 0.00 7,081,148.71
A-2 61,750,000.00 52,367,642.76 54,315.65 831,731.23 0.00 0.00 886,046.88
INV_CERT 10,223,416.68 8,939,695.46 0.00 0.00 0.00 0.00 0.00
Totals 404,323,416.68 334,833,546.94 222,835.89 7,744,359.70 0.00 0.00 7,967,195.59
</TABLE>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
<TABLE>
<CAPTION>
Ending Ending Total
Certificate Certificate Principal
Class Balance Percentage Distribution
----- -------------- ----------- ------------
<S> <C> <C> <C>
A-1 266,445,060.01 0.80170020 7,081,148.71
A-2 51,481,595.88 0.83371005 886,046.88
INV_CERT 8,939,695.46 0.87443325 0.00
Totals 326,866,351.35 0.80842795 7,967,195.59
</TABLE>
Page 2
<PAGE> 4
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service -- CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Principal Distribution Factors Statement
<TABLE>
<CAPTION>
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class(2) Amount Balance Distribution Distribution Accretion Loss(3)
--------- -------------- ------------ ------------ ------------ ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
A-1 332,350,000.00 823.00649532 0.50705654 20.79924318 0.00000000 0.00000000
A-2 61,750,000.00 848.05899206 0.87960567 13.46933166 0.00000000 0.00000000
INV_CERT 10,223,416.68 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Total Ending Ending Total
Principal Certificate Certificate Principal
Class(2) Reduction Balance Percentage Distribution
--------- ----------- ------------ ----------- ------------
<S> <C> <C> <C> <C>
A-1 21.30629971 801.70019561 0.80170020 21.30629971
A-2 14.34893733 833.71005474 0.83371005 14.34893733
INV_CERT 0.00000000 0.00000000 0.87443325 0.00000000
</TABLE>
All Denominations are Per 1000
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
Page 3
<PAGE> 5
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Interest Distribution Statement
<TABLE>
<CAPTION>
Beginning
Original Current Certificate/ Current Payment of Current Non-Supported
Face Certificate Notional Accrued Unpaid Interest Interest
Class Amount Rate Balance Interest Interest Shortfall Shortfall
----- -------------- --------- -------------- ------------ -------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 332,350,000.00 6.96188 % 273,526,208.72 1,586,880.53 0.00 0.00 0.00
A-2 61,750,000.00 7.09000 % 52,367,642.76 309,405.49 0.00 0.00 0.00
INV_CERT 10,223,416.68 0.00000 % 8,939,695.46 0.00 0.00 0.00 0.00
-------------- ------- -------------- ------------ ---- ---- ----
Totals 404,323,416.68 1,896,286.02 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Remaining Ending
Total Unpaid Certificate/
Realized Interest Interest Notional
Class Loss (4) Distribution Shortfall Balance
----- -------- ------------ --------- --------------
<S> <C> <C> <C> <C>
A-1 0.00 1,586,880.53 0.00 266,445,060.01
A-2 0.00 309,405.49 0.00 51,481,595.88
INV_CERT 0.00 252,203.62 0.00 8,939,695.46
----- ------------ ----- --------------
Totals 0.00 2,148,489.64 0.00
</TABLE>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
Page 4
<PAGE> 6
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Interest Distribution Factors Statement
<TABLE>
<CAPTION>
Beginning Payment of
Original Current Certificate/ Current Unpaid Current Non-Supported
Face Certificate Notional Accrued Interest Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall
--------- -------------- ----------- ------------ ---------- ----------- ---------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 332,350,000.00 6.96188 % 823.00649532 4.77472703 0.00000000 0.00000000 0.00000000
A-2 61,750,000.00 7.09000 % 848.05899206 5.01061522 0.00000000 0.00000000 0.00000000
INV_CERT 10,223,416.68 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Remaining Ending
Total Unpaid Certificate/
Realized Interest Interest Notional
Class (5) Loss (6) Distribution Shortfall Balance
--------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
A-1 0.00000000 4.77472703 0.00000000 801.70019561
A-2 0.00000000 5.01061522 0.00000000 833.71005474
INV_CERT 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
All Denominations are Per 1000
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
Page 5
<PAGE> 7
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Certificateholder Component Statement
<TABLE>
<CAPTION>
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
----- ------------- --------- --------- --------- --------- -------------
<S> <C> <C> <C> <C> <C> <C>
FEE 1,200.00000 % 55,722.23 54,305.99 0.00 0.00 80.54430375 %
</TABLE>
Page 6
<PAGE> 8
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Certificateholder Account Statement
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
BEGINNING BALANCE 0.00
Deposits
Payments of Interest and Principal 10,610,978.94
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (206,155.16)
TOTAL DEPOSITS 10,404,823.78
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 289,138.55
Payment of Interest and Principal 10,115,685.23
Total Withdrawals (Pool Distribution Amount) 10,404,823.78
ENDING BALANCE 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 139,513.99
Management Fee 1,000.00
FSA Group 1 Premium 47,867.09
FSA Group 2 Premium 7,855.15
PMI Group 1 Fee 81,644.86
PMI Group 2 Fee 11,257.46
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 289,138.55
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
BEGINNING CURRENT CURRENT ENDING
ACCOUNT TYPE BALANCE WITHDRAWALS DEPOSITS BALANCE
------------ --------- ----------- -------- -------
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
</TABLE>
Page 7
<PAGE> 9
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Loan Status Stratification/Credit Enhancement Statement
<TABLE>
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE
------------------------------------- ------------------------------------- -------------------------------------
NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL
LOANS BALANCE LOANS BALANCE LOANS BALANCE
------ ------------ ------- ------------ ------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0-29 Days 13 1,030,509.90 0-29 Days 6 362,538.93
30 Days 82 8,118,124.12 30 Days 2 369,436.50 30 Days 0 0.00
60 Days 4 225,530.56 60 Days 3 183,525.13 60 Days 23 2,528,246.46
90 Days 1 165,896.85 90 Days 1 67,609.74 90 Days 21 1,658,466.29
120 Days 1 347,157.55 120 Days 5 203,902.25 120 Days 17 1,168,551.33
150 Days 0 0.00 150 Days 4 294,033.70 150 Days 9 770,900.07
180+ Days 1 42,371.39 180+ Days 26 2,247,076.15 180+ Days 60 4,598,777.54
89 8,899,080.47 54 4,396,093.37 136 11,087,480.62
</TABLE>
<TABLE>
<CAPTION>
REO TOTAL
------------------------------------- ---------------------------------------
NO. OF PRINCIPAL NO. OF PRINCIPAL
LOANS BALANCE LOANS BALANCE
------ ------------ ------ -------------
<S> <C> <C> <C> <C> <C>
0-29 Days 0 0.00 0-29 Days 19 1,393,048.83
30 Days 0 0.00 30 Days 84 8,487,560.62
60 Days 0 0.00 60 Days 30 2,937,302.15
90 Days 0 0.00 90 Days 23 1,891,972.88
120 Days 0 0.00 120 Days 23 1,719,611.13
150 Days 0 0.00 150 Days 13 1,064,933.77
180+ Days 16 1,211,611.73 180+ Days 103 8,099,836.81
16 1,211,611.73 295 25,594,266.19
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE
------------------------------------ ------------------------------------- -------------------------------------------
NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL
LOANS BALANCE LOANS BALANCE LOANS BALANCE
--------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0-29 Days 0.410224% 0.315004% 0-29 Days 0.189334% 0.110820%
30 Days 2.587567% 2.481532% 30 Days 0.063111% 0.112929% 30 Days 0.000000% 0.000000%
60 Days 0.126223% 0.068940% 60 Days 0.094667% 0.056100% 60 Days 0.725781% 0.772829%
90 Days 0.031556% 0.050711% 90 Days 0.031556% 0.020667% 90 Days 0.662670% 0.506957%
120 Days 0.031556% 0.106118% 120 Days 0.157778% 0.062328% 120 Days 0.536447% 0.357201%
150 Days 0.000000% 0.000000% 150 Days 0.126223% 0.089880% 150 Days 0.284001% 0.235647%
180+ Days 0.031556% 0.012952% 180+ Days 0.820448% 0.686882% 180+ Days 1.893342% 1.405745%
2.808457% 2.720254% 1.704008% 1.343789% 4.291575% 3.389200%
</TABLE>
<TABLE>
<CAPTION>
REO TOTAL
--------------------------------------------------- ---------------------------------------------------
NO. OF PRINCIPAL NO. OF PRINCIPAL
LOANS BALANCE LOANS BALANCE
--------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
0-29 Days 0.000000% 0.000000% 0-29 Days 0.599558% 0.425824%
30 Days 0.000000% 0.000000% 30 Days 2.650678% 2.594461%
60 Days 0.000000% 0.000000% 60 Days 0.946671% 0.897869%
90 Days 0.000000% 0.000000% 90 Days 0.725781% 0.578335%
120 Days 0.000000% 0.000000% 120 Days 0.725781% 0.525647%
150 Days 0.000000% 0.000000% 150 Days 0.410224% 0.325527%
180+ Days 0.504891% 0.370363% 180+ Days 3.250237% 2.475942%
0.504891% 0.370363% 9.308930% 7.823606%
</TABLE>
<TABLE>
<S> <C> <C> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00 Principal Balance of Contaminated Properties 0.00
Cumulative Realized Losses - Includes Interest Shortfall 436,568.63 Periodic Advance 0.00
Current Period Class A Insufficient Funds 0.00
</TABLE>
Page 8
<PAGE> 10
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
Delinquency Status By Group
<TABLE>
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE
------------------------------------- -------------------------------------- ---------------------------------------
GROUP NO OF PRINCIPAL NO OF PRINCIPAL NO OF PRINCIPAL
1 LOANS BALANCE LOANS BALANCE LOANS BALANCE
--------- ----- ------------ ----- ------------ ----- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0-29 Days 11 923,124.47 0-29 Days 2 72,512.34
30 Days 62 6,007,452.72 30 Days 2 369,436.50 30 Days 0 0.00
60 Days 4 225,530.56 60 Days 2 142,524.59 60 Days 18 1,999,798.90
90 Days 0 0.00 90 Days 1 67,609.74 90 Days 14 1,289,765.43
120 Days 1 347,157.55 120 Days 2 98,406.34 120 Days 13 902,165.06
150 Days 0 0.00 150 Days 2 149,867.10 150 Days 7 639,979.89
180+ Days 0 0.00 180+ Days 17 1,664,206.20 180+ Days 47 3,950,180.75
--------- ----- ------------ ----- ------------ ----- -------------
67 6,580,140.83 37 3,415,174.94 101 8,854,402.37
</TABLE>
<TABLE>
<CAPTION>
REO TOTAL
----------------------------------------------- -----------------------------------------------
NO OF PRINCIPAL NO OF PRINCIPAL
LOANS BALANCE LOANS BALANCE
----- ------------ ----- -------------
<S> <C> <C> <C> <C> <C>
0-29 Days 0 0.00 0-29 Days 13 995,636.81
30 Days 0 0.00 30 Days 64 6,376,889.22
60 Days 0 0.00 60 Days 24 2,367,854.05
90 Days 0 0.00 90 Days 15 1,357,375.17
120 Days 0 0.00 120 Days 16 1,347,728.95
150 Days 0 0.00 150 Days 9 789,846.99
180+ Days 15 1,147,629.84 180+ Days 79 6,762,016.79
----- ------------ ----- -------------
15 1,147,629.84 220 19,997,347.98
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE
--------------------------------------- -------------------------------------- ----------------------------------------
GROUP NO OF PRINCIPAL NO OF PRINCIPAL NO OF PRINCIPAL
1 LOANS BALANCE LOANS BALANCE LOANS BALANCE
--------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0-29 Days 0.439648% 0.336499% 0-29 Days 0.079936% 0.026432%
30 Days 2.478018% 2.189847% 30 Days 0.079936% 0.134668% 30 Days 0.000000% 0.000000%
60 Days 0.159872% 0.082211% 60 Days 0.079936% 0.051953% 60 Days 0.719424% 0.728970%
90 Days 0.000000% 0.000000% 90 Days 0.039968% 0.024645% 90 Days 0.559552% 0.470147%
120 Days 0.039968% 0.126546% 120 Days 0.079936% 0.035871% 120 Days 0.519584% 0.328859%
150 Days 0.000000% 0.000000% 150 Days 0.079936% 0.054630% 150 Days 0.279776% 0.233287%
180+ Days 0.000000% 0.000000% 180+ Days 0.679456% 0.606639% 180+ Days 1.878497% 1.439927%
2.677858% 2.398604% 1.478817% 1.244905%
</TABLE>
<TABLE>
<CAPTION>
REO TOTAL
------------------------------------------------- -------------------------------------------------
NO OF PRINCIPAL NO OF PRINCIPAL
LOANS BALANCE LOANS BALANCE
--------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
0-29 Days 0.000000% 0.000000% 0-29 Days 0.519584% 0.362931%
30 Days 0.000000% 0.000000% 30 Days 2.557954% 2.324514%
60 Days 0.000000% 0.000000% 60 Days 0.959233% 0.863134%
90 Days 0.000000% 0.000000% 90 Days 0.599520% 0.494793%
120 Days 0.000000% 0.000000% 120 Days 0.639488% 0.491276%
150 Days 0.000000% 0.000000% 150 Days 0.359712% 0.287916%
180+ Days 0.599520% 0.418336% 180+ Days 3.157474% 2.464902%
4.036771% 3.227622% 0.599520% 0.418336% 8.792966% 7.289467%
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE
------------------------------------- ----------------------------------- --------------------------------------
GROUP NO OF PRINCIPAL NO OF PRINCIPAL NO OF PRINCIPAL
2 LOANS BALANCE LOANS BALANCE LOANS BALANCE
--------- ----- ------------ ----- ---------- ----- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0-29 Days 2 107,385.43 0-29 Days 4 290,026.59
30 Days 20 2,110,671.40 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 1 41,000.54 60 Days 5 528,447.56
90 Days 1 165,896.85 90 Days 0 0.00 90 Days 7 368,700.86
120 Days 0 0.00 120 Days 3 105,495.91 120 Days 4 266,386.27
150 Days 0 0.00 150 Days 2 144,166.60 150 Days 2 130,920.18
180+ Days 1 42,371.39 180+ Days 9 582,869.95 180+ Days 13 648,596.79
22 2,318,939.64 17 980,918.43 35 2,233,078.25
</TABLE>
<TABLE>
<CAPTION>
REO TOTAL
--------------------------------------------- ---------------------------------------------
NO OF PRINCIPAL NO OF PRINCIPAL
LOANS BALANCE LOANS BALANCE
----- --------- ----- ------------
<S> <C> <C> <C> <C> <C>
0-29 Days 0 0.00 0-29 Days 6 397,412.02
30 Days 0 0.00 30 Days 20 2,110,671.40
60 Days 0 0.00 60 Days 6 569,448.10
90 Days 0 0.00 90 Days 8 534,597.71
120 Days 0 0.00 120 Days 7 371,882.18
150 Days 0 0.00 150 Days 4 275,086.78
180+ Days 1 63,981.89 180+ Days 24 1,337,820.02
1 63,981.89 75 5,596,918.21
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE
----------------------------------- ---------------------------------------- ----------------------------------------
GROUP NO OF PRINCIPAL NO OF PRINCIPAL NO OF PRINCIPAL
2 LOANS BALANCE LOANS BALANCE LOANS BALANCE
--------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0-29 Days 0.299850% 0.203345% 0-29 Days 0.599700% 0.549194%
30 Days 2.998501% 3.996767% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.149925% 0.077639% 60 Days 0.749625% 1.000668%
90 Days 0.149925% 0.314142% 90 Days 0.000000% 0.000000% 90 Days 1.049475% 0.698172%
120 Days 0.000000% 0.000000% 120 Days 0.449775% 0.199767% 120 Days 0.599700% 0.504429%
150 Days 0.000000% 0.000000% 150 Days 0.299850% 0.272994% 150 Days 0.299850% 0.247910%
180+ Days 0.149925% 0.080234% 180+ Days 1.349325% 1.103722% 180+ Days 1.949025% 1.228183%
3.298351% 4.391144% 2.548726% 1.857467% 5.247376% 4.228557%
</TABLE>
<TABLE>
<CAPTION>
REO TOTAL
----------------------------------------------- -----------------------------------------------
NO OF PRINCIPAL NO OF PRINCIPAL
LOANS BALANCE LOANS BALANCE
--------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
0-29 Days 0.000000% 0.000000% 0-29 Days 0.899550% 0.752539%
30 Days 0.000000% 0.000000% 30 Days 2.998501% 3.996767%
60 Days 0.000000% 0.000000% 60 Days 0.899550% 1.078307%
90 Days 0.000000% 0.000000% 90 Days 1.199400% 1.012314%
120 Days 0.000000% 0.000000% 120 Days 1.049475% 0.704196%
150 Days 0.000000% 0.000000% 150 Days 0.599700% 0.520904%
180+ Days 0.149925% 0.121156% 180+ Days 3.598201% 2.533296%
0.149925% 0.121156% 11.244378% 10.598324%
</TABLE>
Page 9
<PAGE> 11
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
<TABLE>
<CAPTION>
Original $ Original % Current $ Current %
------------- ------------ ------------- ------------
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.02473268% 100,000.00 0.03059354%
Fraud 12,129,702.50 3.00000000% 12,129,702.50 3.71090583%
Special Hazard 4,043,234.17 1.00000000% 4,043,234.17 1.23696861%
</TABLE>
Limit of Subordinate's Exposure to Certain Types of Losses
Page 10
<PAGE> 12
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
COLLATERAL STATEMENT
<TABLE>
<CAPTION>
Collateral Description Fixed & Mixed ARM
---------------------- -----------------
<S> <C>
Weighted Average Gross Coupon 9.479005%
Weighted Average Net Coupon 8.979005%
Weighted Average Pass-Through Rate 8.438741%
Weighted Average Maturity (Stepdown Calculation) 333
Beginning Scheduled Collateral Loan Count 3,225
Number of Loans Paid in Full 56
Ending Scheduled Collateral Loan Count 3,169
Beginning Scheduled Collateral Balance 334,833,546.94
Ending Scheduled Collateral Balance 326,866,351.35
Ending Actual Collateral Balance at 30-Sep-2000 327,141,562.53
Monthly P&I Constant 2,866,619.19
Ending Scheduled Balance for Premium Loans 326,866,351.35
</TABLE>
Page 11
<PAGE> 13
<TABLE>
<S> <C>
American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Sep-2000 Securities Administration Services
Distribution Date: 25-Oct-2000 7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
</TABLE>
ARE SERIES 1999-2
<TABLE>
<CAPTION>
GROUP 1 2 Total
----- -------------- ------------- --------------
<S> <C> <C> <C>
Collateral Description Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 9.452178 9.594521
Weighted Average Net Rate 8.603771 8.842621
Weighted Average Maturity 343.00 279.00
Record Date 09/30/00 09/30/00
Principal And Interest Constant 2,383,522.06 483,097.13 2,866,619.19
Beginning Loan Count 2,547 678 3,225
Loans Paid In Full 45 11 56
Ending Loan Count 2,502 667 3,169
Beginning Scheduled Balance 281,205,252.94 53,628,294.00 334,833,546.94
Ending Scheduled Balance 274,124,104.23 52,742,247.12 326,866,351.35
Scheduled Principal 168,520.24 54,315.65 222,835.89
Unscheduled Principal 6,912,628.47 831,731.23 7,744,359.70
Scheduled Interest 2,215,001.82 428,781.48 2,643,783.30
Servicing Fee 117,168.87 22,345.12 139,513.99
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 81,644.86 11,257.46 92,902.32
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 2,016,188.09 395,178.90 2,411,366.99
Realized Loss Amount 132,078.15 74,077.01 206,155.16
Cumulative Realized Loss 330,780.49 105,788.14 436,568.63
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
1 2 Total
-------------- ------------- --------------
<S> <C> <C> <C>
Required Overcollateralization Amount 7,679,044.22 1,260,651.24 8,939,695.46
Overcollateralization Increase Amount 0.00 0.00 0.00
Overcollateralization Reduction Amount 0.00 0.00 0.00
Specified Overcollateralization Amount 7,679,044.22 1,260,651.24 8,939,695.46
Overcollateralization Amount 7,679,044.22 1,260,651.24 8,939,695.46
Overcollateralization Deficiency Amount 0.00 0.00 0.00
Base Overcollateralization Amount 7,679,044.22 1,260,651.24 8,939,695.46
Extra Principal Distribution Amount 0.00 0.00 0.00
Excess Cash Amount 380,601.12 77,757.66 458,358.78
</TABLE>
Page 12
|
|