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EXHIBIT 99.1
[WELLS FARGO BANK MINNESOTA, N.A. (FORMERLY NORWEST BANK
MINESOTA, N.A.) LETTERHEAD]
Wells Fargo Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD 21045
Attn: Diane TenHoopen
RE: ANNUAL STATEMENT AS TO COMPLIANCE FOR AMERICAN RESIDENTIAL EAGLE
BOND TRUST, COLLATERALIZED HOME EQUITY BONDS, SERIES 1999-2
Dear Ms. TenHoopen
Per Section 3.h.i of the Master Servicing Agreement, dated as of July 01, 1999
the undersigned Officer of Wells Fargo Bank Minnesota, N.A. hereby certifies the
following for the 1999 calendar year or portion thereof;
(a) That such Officer's has reviewed the activities of the master
Servicer during the preceding calendar year or portion thereof and
its performance under such Agreement;
(b) That to the best of such Officer's knowledge, based on such review,
the Master Servicer has performed and fulfilled its duties,
responsibilities and obligations under each such Agreement in all
material respects throughout such year, or, if there has been a
default in the fulfillment of any such obligation, specifying each
such default known to such officer and the nature and status thereof;
(c) That nothing has come to the attention of such Officer to believe
that the Servicer has failed to perform any of its duties,
responsibilities and obligations under its Servicing Agreement in all
material respects throughout such year, or, if there has been a
material default in the performance or fulfillment of any such
duties, responsibilities or obligations, specifying each such default
know to such Officer and the Nature and status thereof, and
(d) That the Master Servicer has received from the Servicer such
Servicer's annual certificate of compliance and a copy of the
Servicer's annual audit report, in each case to the extent required
under the Underlying Agreement, or, if any such certificate or report
has not been received by the Master Servicer, the Master Servicer is
using its best reasonable efforts to obtain such certificate or
report.
Certified: Certified:
By: /s/ Lisa M. Sliker By: /s/ Barry Akers
Name: Lisa M. Sliker Name: Barry Akers
Title: Vice President Title: Vice President
