CHEC ASSET RECEIVABLE CORP
8-K, 2000-01-06
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       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):  December 27, 1999

                         CENTEX HOME EQUITY CORPORATION
            Home Equity Loan Asset-Backed Certs., Series 1999-1 Trust


New York (governing law of          333-54027      52-2154821
Pooling and Servicing Agreement)    (Commission    52-2154845
(State or other                     File Number)   IRS EIN
jurisdiction


        c/o Norwest Bank Minnesota, N.A.
        11000 Broken Land Parkway                            21044
        Columbia, MD                                        (Zip Code)
        (Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000



          Former name or former address, if changed since last report)


ITEM 5.  Other Events

On December 27, 1999 a distribution was made to holders of CENTEX HOME
EQUITY CORPORATION, Home Equity Loan Asset-Backed Certs., Series 1999-1
Trust.



  ITEM 7.  Financial Statements and Exhibits

        (c)  Exhibits furnished in accordance with Item 601(a) of
  Regulation S-K

             Exhibit Number                      Description
                                 Monthly report distributed to holders of
             EX-99.1             Home Equity Loan Asset-Backed Certs.,
                                 Series 1999-1 Trust, relating to the
                                 December 27, 1999 distribution.






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.



                          CENTEX HOME EQUITY CORPORATION
             Home Equity Loan Asset-Backed Certs., Series 1999-1 Trust

              By:   Norwest Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 12/28/99


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Home Equity Loan
               Asset-Backed Certs., Series 1999-1 Trust, relating to the
               December 27, 1999 distribution.






<TABLE>
<CAPTION>
Centex Home Equity Corporation
Mortgage Pass-Through Certificates
Record Date:            11/30/99
Distribution Date:      12/27/99


CHEC  Series: 1999-1
Contact: Customer Service - CTSLink
         Norwest Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         Fax:       (301) 846-8152


                                             Certificateholder Distribution Summary

                         Certificate       Certificate        Beginning
                               Class      Pass-Through      Certificate         Interest       Principal
Class           CUSIP    Description              Rate          Balance     Distribution    Distribution
<S>          <C>        <C>            <C>            <C>               <C>             <C>
    A-1        152314AW0         SEQ          6.07000%     42,716,020.49      216,071.87    3,193,085.49
    A-2        152314AX8         SEQ          6.04500%     20,000,000.00      100,750.00            0.00
    A-3        152314AY6         SEQ          6.24000%     33,000,000.00      171,600.00            0.00
    A-4        152314AZ3         SEQ          6.39000%     27,000,000.00      143,775.00            0.00
    A-5        152314BA7         SEQ          6.83500%     19,267,000.00      109,741.62            0.00
    A-6        152314BB5         SEQ          6.45000%     18,000,000.00       96,750.00            0.00
    A-7        152314BC3         SEQ          5.91000%     45,018,484.07      229,106.57    1,317,109.41
    A-8        152314BD1         SEQ          6.00000%     20,000,000.00      100,000.00            0.00
    X-IO       CTX991XIO         SEQ          0.00000%              0.00      860,150.83            0.00
    R-1        CTX9901R1         SEQ          0.00000%              0.00            0.00            0.00
    R-2        CTX9901R2         SEQ          0.00000%              0.00            0.00            0.00
    MBIA       CTX9901FS         SUB      1,200.00000%              0.00       28,125.00            0.00
Totals                                                    225,001,504.56    2,056,070.89    4,510,194.90
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)

                            Current                Ending                                          Cumulative
                           Realized           Certificate                     Total                  Realized
Class                          Loss               Balance              Distribution                    Losses
<S>           <C>                  <C>                     <C>                      <C>
A-1                            0.00          39,522,935.00             3,409,157.36                      0.00
A-2                            0.00          20,000,000.00               100,750.00                      0.00
A-3                            0.00          33,000,000.00               171,600.00                      0.00
A-4                            0.00          27,000,000.00               143,775.00                      0.00
A-5                            0.00          19,267,000.00               109,741.62                      0.00
A-6                            0.00          18,000,000.00                96,750.00                      0.00
A-7                            0.00          43,701,374.66             1,546,215.98                      0.00
A-8                            0.00          20,000,000.00               100,000.00                      0.00
X-IO                           0.00                   0.00               860,150.83                      0.00
R-1                            0.00                   0.00                     0.00                      0.00
R-2                            0.00                   0.00                     0.00                      0.00
MBIA                           0.00                   0.00                28,125.00                      0.00
Totals                         0.00         220,491,309.66             6,566,265.79                      0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.

</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                Principal Distribution Statement

                          Original         Beginning          Scheduled     Unscheduled
                              Face       Certificate          Principal       Principal                         Realized
Class                       Amount           Balance       Distribution    Distribution       Accretion          Loss (1)
<S>             <C>               <C>                 <C>               <C>             <C>             <C>
A-1                  65,000,000.00      42,716,020.49         140,408.04    3,052,677.45           0.00            0.00
A-2                  20,000,000.00      20,000,000.00               0.00            0.00           0.00            0.00
A-3                  33,000,000.00      33,000,000.00               0.00            0.00           0.00            0.00
A-4                  27,000,000.00      27,000,000.00               0.00            0.00           0.00            0.00
A-5                  19,267,000.00      19,267,000.00               0.00            0.00           0.00            0.00
A-6                  18,000,000.00      18,000,000.00               0.00            0.00           0.00            0.00
A-7                  58,863,000.00      45,018,484.07          23,488.26    1,293,621.15           0.00            0.00
A-8                  20,000,000.00      20,000,000.00               0.00            0.00           0.00            0.00
X-IO                          0.00               0.00               0.00            0.00           0.00            0.00
R-1                           0.00               0.00               0.00            0.00           0.00            0.00
R-2                           0.00               0.00               0.00            0.00           0.00            0.00
MBIA                          0.00               0.00               0.00            0.00           0.00            0.00
Totals              261,130,000.00     225,001,504.56         163,896.30    4,346,298.60           0.00            0.00
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                          Principal Distribution Statement (continued)

                                   Total               Ending                 Ending              Total
                               Principal          Certificate            Certificate          Principal
Class                          Reduction              Balance             Percentage       Distribution
<S>               <C>                     <C>                    <C>                 <C>
A-1                           3,193,085.49         39,522,935.00           0.60804515      3,193,085.49
A-2                                   0.00         20,000,000.00           1.00000000              0.00
A-3                                   0.00         33,000,000.00           1.00000000              0.00
A-4                                   0.00         27,000,000.00           1.00000000              0.00
A-5                                   0.00         19,267,000.00           1.00000000              0.00
A-6                                   0.00         18,000,000.00           1.00000000              0.00
A-7                           1,317,109.41         43,701,374.66           0.74242520      1,317,109.41
A-8                                   0.00         20,000,000.00           1.00000000              0.00
X-IO                                  0.00                  0.00           0.00000000              0.00
R-1                                   0.00                  0.00           0.00000000              0.00
R-2                                   0.00                  0.00           0.00000000              0.00
MBIA                                  0.00                  0.00           0.00000000              0.00
Totals                        4,510,194.90        220,491,309.66           0.84437372      4,510,194.90
</TABLE>
<TABLE>
<CAPTION>


                                              Principal Distribution Factors Statement

                            Original          Beginning         Scheduled         Unscheduled
                                Face        Certificate         Principal           Principal
Class (2)                     Amount            Balance      Distribution        Distribution          Accretion
<S>          <C>                    <C>                 <C>                 <C>                <C>
A-1                    65,000,000.00        657.16954600         2.16012369         46.96426846        0.00000000
A-2                    20,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3                    33,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    27,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-5                    19,267,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-6                    18,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-7                    58,863,000.00        764.80104769         0.39903267         21.97681311        0.00000000
A-8                    20,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
X-IO                            0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-1                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-2                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
MBIA                            0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>
(2)  All Classes are per $1,000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                      Principal Distribution Factors Statement (continued)

                                              Total                  Ending                Ending               Total
                        Realized          Principal             Certificate           Certificate           Principal
Class                   Loss (3)          Reduction                 Balance            Percentage        Distribution
<S>            <C>                 <C>                 <C>                    <C>                 <C>
A-1                     0.00000000         49.12439215            608.04515385          0.60804515        49.12439215
A-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-5                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-6                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-7                     0.00000000         22.37584578            742.42520191          0.74242520        22.37584578
A-8                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
X-IO                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-1                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-2                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
MBIA                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                 Interest Distribution Statement

                                                        Beginning                           Payment of
                      Original          Current      Certificate/               Current         Unpaid           Current
                          Face      Certificate          Notional               Accrued       Interest          Interest
Class                   Amount             Rate           Balance              Interest      Shortfall         Shortfall
<S>           <C>               <C>             <C>                 <C>                <C>             <C>
A-1                65,000,000.00        6.07000%      42,716,020.49          216,071.87           0.00             0.00
A-2                20,000,000.00        6.04500%      20,000,000.00          100,750.00           0.00             0.00
A-3                33,000,000.00        6.24000%      33,000,000.00          171,600.00           0.00             0.00
A-4                27,000,000.00        6.39000%      27,000,000.00          143,775.00           0.00             0.00
A-5                19,267,000.00        6.83500%      19,267,000.00          109,741.62           0.00             0.00
A-6                18,000,000.00        6.45000%      18,000,000.00           96,750.00           0.00             0.00
A-7                58,863,000.00        5.91000%      45,018,484.07          229,106.57           0.00             0.00
A-8                20,000,000.00        6.00000%      20,000,000.00          100,000.00           0.00             0.00
X-IO                        0.00        0.00000%               0.00                0.00           0.00             0.00
R-1                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-2                         0.00        0.00000%               0.00                0.00           0.00             0.00
MBIA                        0.00    1,200.00000%               0.00           28,125.00           0.00             0.00
Totals            261,130,000.00                                           1,195,920.06           0.00             0.00

</TABLE>
 <TABLE>
 <CAPTION>

                                            Interest Distribution Statement (continued)

                                                                                       Remaining             Ending
                       Non-Supported                                    Total             Unpaid        Certificate/
                            Interest            Realized             Interest            Interest           Notional
 Class                     Shortfall          Losses (4)         Distribution           Shortfall            Balance
 <S>            <C>                  <C>                 <C>                 <C>                 <C>
 A-1                            0.00                0.00           216,071.87                0.00      39,522,935.00
 A-2                            0.00                0.00           100,750.00                0.00      20,000,000.00
 A-3                            0.00                0.00           171,600.00                0.00      33,000,000.00
 A-4                            0.00                0.00           143,775.00                0.00      27,000,000.00
 A-5                            0.00                0.00           109,741.62                0.00      19,267,000.00
 A-6                            0.00                0.00            96,750.00                0.00      18,000,000.00
 A-7                            0.00                0.00           229,106.57                0.00      43,701,374.66
 A-8                            0.00                0.00           100,000.00                0.00      20,000,000.00
 X-IO                           0.00                0.00           860,150.83                0.00               0.00
 R-1                            0.00                0.00                 0.00                0.00               0.00
 R-2                            0.00                0.00                 0.00                0.00               0.00
 MBIA                           0.00                0.00            28,125.00                0.00               0.00
 Totals                         0.00                0.00         2,056,070.89                0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.
 </FN>
 </TABLE>
<TABLE>
<CAPTION>

                                            Interest Distribution Factors Statement

                                                             Beginning                          Payment of
                          Original        Current          Certificate/           Current           Unpaid            Current
                              Face    Certificate             Notional            Accrued          Interest          Interest
Class (5)                   Amount           Rate              Balance           Interest         Shortfall         Shortfall
<S>           <C>                 <C>             <C>                  <C>               <C>               <C>
A-1                  65,000,000.00        6.07000%         657.16954600        3.32418262        0.00000000        0.00000000
A-2                  20,000,000.00        6.04500%        1000.00000000        5.03750000        0.00000000        0.00000000
A-3                  33,000,000.00        6.24000%        1000.00000000        5.20000000        0.00000000        0.00000000
A-4                  27,000,000.00        6.39000%        1000.00000000        5.32500000        0.00000000        0.00000000
A-5                  19,267,000.00        6.83500%        1000.00000000        5.69583329        0.00000000        0.00000000
A-6                  18,000,000.00        6.45000%        1000.00000000        5.37500000        0.00000000        0.00000000
A-7                  58,863,000.00        5.91000%         764.80104769        3.89220002        0.00000000        0.00000000
A-8                  20,000,000.00        6.00000%        1000.00000000        5.00000000        0.00000000        0.00000000
X-IO                          0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-1                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-2                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
MBIA                          0.00    1,200.00000%           0.00000000      861.64639564        0.00000000        0.00000000
<FN>
(5)  All Classes are per $1,000 denomination

</FN>

</TABLE>
<TABLE>
<CAPTION>
                                       Interest Distribution Factors Statement (continued)

                                                                               Remaining                Ending
                  Non-Supported                               Total               Unpaid           Certificate/
                       Interest         Realized           Interest             Interest              Notional
Class                 Shortfall       Losses (6)       Distribution            Shortfall               Balance
<S>           <C>               <C>               <C>                 <C>                 <C>
A-1                   0.00000000        0.00000000         3.32418262          0.00000000          608.04515385
A-2                   0.00000000        0.00000000         5.03750000          0.00000000         1000.00000000
A-3                   0.00000000        0.00000000         5.20000000          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         5.32500000          0.00000000         1000.00000000
A-5                   0.00000000        0.00000000         5.69583329          0.00000000         1000.00000000
A-6                   0.00000000        0.00000000         5.37500000          0.00000000         1000.00000000
A-7                   0.00000000        0.00000000         3.89220002          0.00000000          742.42520191
A-8                   0.00000000        0.00000000         5.00000000          0.00000000         1000.00000000
X-IO                  0.00000000        0.00000000         3.29377373          0.00000000            0.00000000
R-1                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-2                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
MBIA                  0.00000000        0.00000000       861.64639564          0.00000000            0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                             Certificateholder Component Statement

                       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>
       OC               0.00000%     7,258,472.30       7,258,472.30     7,258,472.30       7,258,472.30      50,119.22946526%
MBIA_REIMB1             0.00000%             0.00               0.00             0.00               0.00           0.00000000%
MBIA_REIMB2             0.00000%             0.00               0.00             0.00               0.00           0.00000000%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           6,515,925.26
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              148,083.25
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   6,664,008.51

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          97,742.72
    Payment of Interest and Principal                                                            6,566,265.79
Total Withdrawals (Pool Distribution Amount)                                                     6,664,008.51

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
</TABLE>
<TABLE>
<CAPTION>

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                 96,774.98
Pool Insurance Fee                                                                                       0.00
Trustee Fee - Norwest Bank                                                                             967.74
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                   97,742.72

</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>
<TABLE>
<CAPTION>                           CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
                                                       DELINQUENCY STATUS

                                                                            Percentage Delinquent
                                                                                  Based On
                                   Current           Unpaid
                                    Number        Principal                   Number            Unpaid
                                  Of Loans          Balance                 Of Loans            Balance
<S>                        <C>                 <C>                   <C>                <C>
30 Days                                  86      5,447,478.55               2.650231%          2.391870%
60 Days                                  28      1,339,417.15               0.862866%          0.588109%
90+ Days                                 24      1,450,278.94               0.739599%          0.636786%
Foreclosure                              87      6,378,680.05               2.681048%          2.800740%
REO                                      20      1,161,196.44               0.616333%          0.509856%
Totals                                  245     15,777,051.13               7.550077%          6.927362%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                       113,928.70
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                               148,083.25
</TABLE>
<TABLE>

<S>                         <C>       <C>                       <C>     <C>               <C>            <C>
Class    FSA                0.00      0.00000000%               0.00    0.00000000%       0.000000%      0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>



 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                              Fixed Mixed & 6 Month LIBOR

 Weighted Average Gross Coupon                                        11.127945%
 Weighted Average Net Coupon                                          10.627945%
 Weighted Average Pass-Through Rate                                   10.622945%
 Weighted Average Maturity(Stepdown Calculation )                            348
 Beginning Scheduled Collateral Loan Count                                 3,308

 Number Of Loans Paid In Full                                                 63
 Ending Scheduled Collateral Loan Count                                    3,245
 Beginning Scheduled Collateral Balance                           232,259,976.86
 Ending Scheduled Collateral Balance                              227,749,781.96
 Ending Actual Collateral Balance at 30-Nov-1999                  227,749,781.96
 Monthly P &I Constant                                              2,317,709.93
 Ending Scheduled Balance for Premium Loans                       227,749,781.96
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Largest Loan Balance - Group 1                                        745,272.78
Largest Loan Balance - Group 2                                        475,709.88
Number and Balance of Balloon Loans -                                   0   0.00
Group 1
Number and Balance of Balloon Loans -                                   0   0.00
Group 2
Annual Loss Percentage - Group 1                                        0.02894%
Annual Loss Percentage - Group 2                                        0.07758%
90+ Delinquency Percentage - Group 1                                   3.471705%
90+ Delinquency Percentage - Group 2                                   5.085474%
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2                   Total
 Collateral Description                                             Mixed Fixed                 Mixed ARM
 Weighted Average Coupon Rate                                         11.083744                 11.233728
 Weighted Average Net Rate                                            10.578744                 10.728728
 Weighted Average Maturity                                               310.00                    348.00
 Beginning Loan Count                                                     2,616                       692                   3,308
 Loans Paid In Full                                                          48                        15                      63
 Ending Loan Count                                                        2,568                       677                   3,245
 Beginning Scheduled Balance                                     163,810,912.33             68,449,064.53          232,259,976.86
 Ending scheduled Balance                                        160,617,826.84             67,131,955.12          227,749,781.96
 Record Date                                                           11/30/99                  11/30/99
 Principal And Interest Constant                                   1,653,439.84                664,270.09            2,317,709.93
 Scheduled Principal                                                 140,408.04                 23,488.26              163,896.30
 Unscheduled Principal                                             3,052,677.45              1,293,621.15            4,346,298.60
 Scheduled Interest                                                1,513,031.80                640,781.83            2,153,813.63


 Servicing Fees                                                       68,254.54                 28,520.44               96,774.98
 Master Servicing Fees                                                     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                                                               682.54                    285.20                  967.74
 Pool Insurance Fee                                                        0.00                      0.00                    0.00
 Spread Fee 1                                                              0.00                      0.00                    0.00
 Spread Fee 2                                                              0.00                      0.00                    0.00
 Spread Fee 3                                                              0.00                      0.00                    0.00
 Net Interest                                                      1,444,094.72                611,976.19            2,056,070.91
 Realized Loss Amount                                                      0.00                      0.00                    0.00
 Cumulative Realized Loss                                             52,743.30                 61,185.40              113,928.70
 Percentage of Cummulative Losses                                          0.00                      0.00                    0.00

 Group ID                                                                    1                          2                    Total
 Subordinate Amount                                               3,827,891.84               3,430,580.46             7,258,472.30
 Subordinate Reduction Amount                                             0.00                       0.00                     0.00
 Required Subordinate Amount                                      3,827,891.84               3,430,580.46             7,258,472.30
 Subordinate Increase Amount                                              0.00                       0.00                     0.00
 Extra Principal Distribution Amount                                      0.00                       0.00                     0.00
 Excess Cash Amount                                                 585,408.22                 274,742.61               860,150.83



 </TABLE>

    <TABLE>
    <CAPTION>                                           Delinquency Status By Groups

       <S>                          <C>             <C>             <C>             <C>             <C>            <C>
 Group                             30 Days        60 Days         90 + Days     Foreclosure         REO         Bankruptcy

  1     Principal Balance      3,146,708.52      986,919.10     1,031,314.30   3,700,490.76      844,372.33   1,971,210.51
        Percentage Of Balance        1.959%          0.614%           0.642%         2.304%          0.526%         1.227%
        Loan Count                       63              23               17             59              16             33
        Percentage Of Loans          2.453%          0.896%           0.662%         2.298%          0.623%         1.285%

  2     Principal Balance      2,300,770.03      352,498.05       418,964.64   2,678,189.29      316,824.11   1,227,602.09
        Percentage Of Balance        3.427%          0.525%           0.624%         3.989%          0.472%         1.829%
        Loan Count                       23               5                7             28               4             14
        Percentage Of Loans          3.397%          0.739%           1.034%         4.136%          0.591%         2.068%

 Totals:Principal Balance      5,447,478.55    1,339,417.15     1,450,278.94   6,378,680.05    1,161,196.44   3,198,812.60
        Percentage of Balance        2.392%          0.588%           0.637%         2.801%          0.510%         1.405%
        Loan Count                       86              28               24             87              20             47
        Percentage Of Loans          2.650%          0.863%           0.740%         2.681%          0.616%         1.448%

 </TABLE>









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