The Class A-1 certificates represent obligations of the trust only and do not
represent an interest in or obligation of CWMBS, Inc., Countrywide Home Loans,
Inc. or any of their affiliates.
This supplement may be used to offer and sell the offered certificates only if
accompanied by the prospectus supplement and the prospectus.
SUPPLEMENT
TO PROSPECTUS SUPPLEMENT DATED January 25, 1999
(To Prospectus dated November 9, 1998)
CWMBS, INC.
Depositor
Countrywide
Home Loans, Inc.
Seller and Master Servicer
CHL Mortgage Pass-Through Trust 1999-1
Issuer
Mortgage Pass-Through Certificates, Series 1999-1
----------------
The Class A-1 Certificates
o This supplement relates to the offering of the Class A-1 certificates
of the series referenced above. This supplement does not contain
complete information about the offering of the Class A-1
certificates. Additional information is contained in the prospectus
supplement dated January 25, 1999 prepared in connection with the
offering of the offered certificates of the series referenced above
and in the prospectus of the depositor dated November 9, 1998. You
are urged to read this supplement, the prospectus supplement and the
prospectus in full.
o As of September 25, 2000, the class certificate balance of the
Class A-1 certificates was approximately $284,615,219.
Neither the SEC nor any state securities commission has approved these
securities or determined that this supplement, the prospectus supplement or
the prospectus is accurate or complete. Any representation to the contrary is
a criminal offense.
This supplement is to be used by Countrywide Securities Corporation, an
affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection with
offers and sales relating to market making transactions in the Class A-1
certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices related to the prevailing prices at the time of
sale.
October 10, 2000
<PAGE>
THE MORTGAGE POOL
As of September 1, 2000 (the "Reference Date"), the Mortgage Pool
included approximately 1,839 Mortgage Loans having an aggregate Stated
Principal Balance of approximately $632,590,586.14.
The following table summarizes the delinquency and foreclosure
experience of the Mortgage Loans as of the Reference Date.
<TABLE>
<CAPTION>
As of
September 1, 2000
<S> <C>
Total Number of Mortgage Loans................................................... 1,839
Delinquent Mortgage Loans and Pending Foreclosures at Period End (1)
30-59 days.............................................................. 0.65%
60-90 days.............................................................. 0.05%
91 days or more (excluding pending foreclosures)........................ 0.11%
-----
Total Delinquencies..................................................... 0.81%
=====
Foreclosures Pending............................................................. 0.00%
-----
Total Delinquencies and foreclosures pending..................................... 0.81%
=====
--------------
(1) As a percentage of the total number of Mortgage Loans as of the Reference Date.
</TABLE>
Certain information as to the Mortgage Loans as of the Reference Date
is set forth in Exhibit 1 in tabular format. Other than with respect to rates
of interest, percentages (approximate) are stated in such tables by Stated
Principal Balance of the Mortgage Loans as of the Reference Date and have been
rounded in order to total 100.00%.
SERVICING OF MORTGAGE LOANS
The Master Servicer
Countrywide Home Loans, Inc. will continue to act as Master Servicer
under the Agreement.
Foreclosure and Delinquency Experience
The following table summarizes the delinquency, foreclosure and loss
experience, respectively, on the dates indicated, of all mortgage loans
originated or acquired by Countrywide Home Loans, Inc., serviced or master
serviced by the Master Servicer and securitized by the Depositor. The
delinquency, foreclosure and loss percentages may be affected by the size and
relative lack of seasoning of such servicing portfolio which increased from
approximately $8.671 billion at February 28, 1997, to approximately $11.002
billion at February 28, 1998, to approximately $15.381 billion at February 28,
1999, to approximately $16.801 billion at February 29, 2000 and to
approximately $18.122 billion at May 31, 2000. Accordingly, the information
should not be considered as a basis for assessing the likelihood, amount or
severity of delinquency or losses on the Mortgage Loans and no assurances can
be given that the foreclosure, delinquency and loss experience presented in
the table below will be indicative of such experience on the Mortgage Loans:
<TABLE>
<CAPTION>
As of
At February 28, (29), May 31,
1997 1998 1999 2000 2000
---- ---- ---- ---- ----
Delinquent Mortgage Loans and Pending
Foreclosures at Period End:
<S> <C> <C> <C> <C> <C> <C>
30-59 days............................. 0.65% 1.08% 1.03% 1.37% 1.33%
60-89 days............................. 0.15 0.16 0.18 0.22 0.23
90 days or more (excluding pending
foreclosures)..................... 0.16 0.16 0.12 0.16 0.16
---- ---- ---- ---- ----
Total of delinquencies................. 0.96% 1.40% 1.33% 1.75% 1.75%
==== ==== ===== ==== ====
Foreclosures pending............................ 0.17% 0.17% 0.14% 0.16% 0.16%
==== ==== ==== ==== ====
Total delinquencies and foreclosures pending 1.13% 1.57% 1.47% 1.92% 1.19%
==== ==== ==== ==== ====
Net Gains/(Losses) on liquidated loans (1) ..... ($2,812,000) ($2,662,000) ($3,704,605) ($3,076,240) ($674,934)
Percentage of Net Gains/(Losses) on liquidated
loans (1)(2) .............................. (0.032)% (0.024)% (0.028)% (0.017)% (0.004)%
Percentage of Net Gains/(Losses) on liquidated
loans (based on average outstanding
principal balance)(1) ..................... (0.033)% (0.027)% (0.028)% (0.018)% (0.004)%
-----------------
(1) "Net Gains (Losses)" are actual gains or losses incurred on liquidated
properties which are calculated as net liquidation proceeds less book
value (excluding loan purchase premium or discount).
(2) Based upon the total principal balance of the mortgage loans outstanding
on the last day of the indicated period.
</TABLE>
The following table summarizes the delinquency and foreclosure
experience, respectively, on the dates indicated, on all mortgage loans
serviced or master serviced by the Master Servicer. Such mortgage loans have a
variety of underwriting, payment and other characteristics, many of which
differ from those of the Mortgage Loans, and no assurances can be given that
the delinquency and foreclosure experience presented in the table below will
be indicative of such experience of the Mortgage Loans. The delinquency and
foreclosure percentages may be affected by the size and relative lack of
seasoning of such servicing portfolio which increased from approximately
$158.6 billion at February 28, 1997, to approximately $182.9 billion at
February 28, 1998, to approximately $215.5 billion at February 28, 1999, to
approximately $249.9 billion at February 29, 2000 and to approximately $261.8
billion at May 31, 2000.
<TABLE>
<CAPTION>
As of
At February 28, (29), May 31,
1997 1998 1999 2000 2000
---- ---- ---- ---- ----
Delinquent Mortgage Loans and Pending
Foreclosures at Period End:
<S> <C> <C> <C> <C> <C> <C>
30-59 days.............................. 2.26% 2.68% 3.05% 3.40% 2.75%
60-89 days.............................. 0.52 0.58 0.21 0.25 0.69
90 days or more (excluding pending
foreclosures)...................... 0.66 0.65 0.29 0.32 0.69
---- ---- ---- ---- ----
Total of delinquencies.................. 3.44% 3.91% 3.55% 3.97% 4.12%
==== ==== ==== ==== ====
Foreclosures pending.................... 0.71% 0.45% 0.31% 0.39% 0.35%
==== ==== ==== ==== ====
Total delinquencies and foreclosures
pending............................ 4.15% 4.36% 3.86% 4.36% 4.48%
==== ==== ==== ==== ====
</TABLE>
DESCRIPTION OF THE CLASS A-1 CERTIFICATES
The Class A-1 Certificates will be entitled to receive interest in
the amount of the Interest Distribution Amount for such Class as described in
the Prospectus Supplement under "Description of the Certificates -- Interest".
The Class A-1 Certificates are allocated principal payments as described in
the Prospectus Supplement under "Description of the Certificates --
Principal".
As of September 25, 2000 (the "Certificate Date"), the Class
Certificate Balance of the Class A-1 Certificates was approximately
$284,615,218.65 evidencing a beneficial ownership interest of approximately
44.97% in the Trust Fund. As of the Certificate Date, the Senior Certificates
had an aggregate principal balance of approximately $602,894,152.16 and
evidenced in the aggregate a beneficial ownership interest of approximately
95.31% in the Trust Fund. As of the Certificate Date, the Subordinated
Certificates had an aggregate principal balance of $29,696,134.20 and
evidenced in the aggregate a beneficial ownership interest of approximately
4.69% in the Trust Fund. For additional information with respect to the Class
A-1 Certificates, see "Description of the Certificates" in the Prospectus
Supplement.
Reports to Certificateholders
The most recent monthly statement that has been furnished to
Certificateholders of record on the most recent Distribution Date is included
herein as Exhibit 2.
Revised Structuring Assumptions
Unless otherwise specified, the information in the tables appearing
in this Supplement under "Yield, Prepayment and Maturity Considerations --
Decrement Table" has been prepared on the basis of the following assumed
characteristics of the Mortgage Loans and the following additional assumptions
(collectively, the "Revised Structuring Assumptions"): (i) the Mortgage Loans
consist of two Mortgage Loans with the following characteristics:
<TABLE>
<CAPTION>
Original Term to Remaining Term to
Principal Balance Mortgage Rate Net Mortgage Rate Maturity (in months) Maturity (in months)
----------------- ------------- ----------------- ------------------- --------------------
<S> <C> <C> <C> <C>
$120,948,830.73 6.6942549407% 6.435259407% 360 337
$511,641,455.41 7.2052614129% 6.9462614129% 360 338
</TABLE>
(ii) the Mortgage Loans prepay at the specified constant percentages of SPA
(as defined below), (iii) no defaults in the payment by Mortgagors of
principal of any interest on the Mortgage Loans are experienced, (iv)
scheduled payments on the Mortgage Loans are received on the first day of each
month commencing in the calendar month following the Reference Date and are
computed prior to giving effect to prepayments received on the last day of the
prior month, (v) prepayments are allocated as described in the Prospectus
Supplement without giving effect to loss and delinquency tests, (vi) there are
no Net Interest Shortfalls and prepayments represent prepayments in full of
individual Mortgage Loans and are received on the last day of each month,
commencing in the calendar month of the Reference Date, (vii) the scheduled
monthly payment for each Mortgage Loan has been calculated such that each
Mortgage Loan will amortize in amounts sufficient to repay the balance of such
Mortgage Loan by its indicated remaining term to maturity, (viii) the Class
Certificate Balance of the Class A-1 Certificates is $284,615,218.68 (ix)
interest accrues on the Class A-1 Certificates at the applicable interest rate
described in the Prospectus Supplement, (x) distributions in respect of the
Certificates are received in cash on the 25th day of each month commencing in
the calendar month following the Reference Date, (xi) the closing date of the
sale of the Class A-1 Certificates is September 25, 2000, (xii) the Seller is
not required to repurchase or substitute for any Mortgage Loan, (xiii) the
Master Servicer does not exercise the option to repurchase the Mortgage Loans
described in the Prospectus Supplement under the headings "--Optional Purchase
of Defaulted Loans" and "--Optional Termination", (xiv) the Targeted Balances
are as set forth in the Principal Balance Schedule and (xv) no Class of
Certificates becomes a Restricted Class. While it is assumed that each of the
Mortgaged Loans prepays at the specified constant percentages of SPA, this is
not likely to be the case. Moreover, discrepancies may exist between the
characteristics of the actual Mortgage Loans as of the Reference Date and
characteristics of the Mortgage Loans assumed in preparing the tables herein.
Prepayments of mortgage loans commonly are measured relative to a
prepayment standard or model. The model used in this Supplement is the
Standard Prepayment Assumption ("SPA"), which represents an assumed rate of
prepayment each month of the then outstanding principal balance of a pool of
new mortgage loans. SPA does not purport to be either an historical
description of the prepayment experience of any pool of mortgage loans or a
prediction of the anticipated rate of prepayment of any pool of mortgage
loans, including the Mortgage Loans. 100% SPA assumes prepayment rates of 0.2%
per annum of the then unpaid principal balance of such pool of mortgage loans
in the first month of the life of such mortgage loans and an additional 0.2%
per annum in each month thereafter (for example, 0.4% per annum in the second
month) until the 30th month. Beginning in the 30th month and in each month
thereafter during the life of such mortgage loans, 100% SPA assumes a constant
prepayment rate of 6.0% per annum. Multiples may be calculated from this
prepayment rate sequence. For example, 275% SPA assumes prepayment rates will
be 0.55% per annum in month one, 1.1% per annum in month two, and increasing
by 0.55% in each succeeding month until reaching a rate of 16.5% per annum in
month 30 and remaining constant at 16.5% per annum thereafter. 0% SPA assumes
no prepayments. There is no assurance that prepayments will occur at any SPA
rate or at any other constant rate.
<PAGE>
YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS
Decrement Tables
The following table indicates the percentage of the initial Class
Certificate Balance of the Class A-1 Certificates that would be outstanding
after each of the dates shown at various constant percentages of SPA and the
corresponding weighted average life thereof. The table has been prepared based
on the Revised Structuring Assumptions. However, all of the Mortgage Loans may
not have the interest rates or remaining terms to maturity described under
"Revised Structuring Assumptions" herein and the Mortgage Loans may not prepay
at the indicated constant percentages of SPA or at any constant percentage.
Percent of Class Certificate
Balance Outstanding*
<TABLE>
<CAPTION>
Class A-1
Percentage of SPA
------------------------------------------
Distribution Date 0% 100% 275% 400% 500%
----------------- -- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Initial Percent.................. 86 86 85 85 84
October 25, 2001................. 85 79 68 60 54
October 25, 2002................. 84 71 52 39 30
October 25, 2003................. 82 64 38 23 13
October 25, 2004................. 81 58 28 13 3
October 25, 2005................. 79 53 20 6 0
October 25, 2006................. 78 48 15 1 0
October 25, 2007................. 76 43 10 0 0
October 25, 2008................. 74 39 7 0 0
October 25, 2009................. 72 35 5 0 0
October 25, 2010................. 70 32 3 0 0
October 25, 2011................. 68 29 1 0 0
October 25, 2012................. 65 25 0 0 0
October 25, 2013................. 63 22 0 0 0
October 25, 2014................. 60 20 0 0 0
October 25, 2015................. 57 17 0 0 0
October 25, 2016................. 54 14 0 0 0
October 25, 2017................. 50 12 0 0 0
October 25, 2018................. 47 10 0 0 0
October 25, 2019................. 43 8 0 0 0
October 25, 2020................. 39 6 0 0 0
October 25, 2021................. 34 4 0 0 0
October 25, 2022................. 30 2 0 0 0
October 25, 2023................. 25 1 0 0 0
October 25, 2024................. 19 0 0 0 0
October 25, 2025................. 13 0 0 0 0
October 25, 2026................. 7 0 0 0 0
October 25, 2027................. 1 0 0 0 0
October 25, 2028................. 0 0 0 0 0
October 25, 2029................. 0 0 0 0 0
- - - - -
Weighted Average Life (years) **. 17.5 8.6 305 2.2 1.7
--------------------------
* Rounded to the nearest whole percentage.
** Determined as specified under "Weighted Average Lives of
the Offered Certificates" in the Prospectus Supplement.
</TABLE>
CREDIT ENHANCEMENT
As of the Reference Date, the Special Hazard Loss Coverage Amount,
Bankruptcy Loss Coverage Amount and Fraud Loss Coverage Amount were
approximately $0, $0 and $7,049,456.22, respectively.
CERTAIN FEDERAL INCOME TAX CONSEQUENCES
Prospective investors should consider carefully the income tax
consequences of an investment in the Class A-1 Certificates discussed under
the sections titled "Material Federal Income Tax Consequences" in the
Prospectus Supplement and the Prospectus, which the following discussion
supplements. Prospective investors should consult their tax advisors with
respect to those consequences.
Final regulations dealing with backup withholding and information
reporting on income paid to foreign persons and related matters (the "New
Withholding Regulations") were published in the Federal Register on October
14, 1997. In general, the New Withholding Regulations do not significantly
alter the substantive withholding and information reporting requirements, but
do unify current certification procedures and forms and clarify reliance
standards. The New Withholding Regulations generally will be effective for
payments made after December 31, 2000, subject to certain transition rules.
ERISA CONSIDERATIONS
Prospective purchasers of the Class A-1 Certificates should consider
carefully the ERISA consequences of an investment in such Certificates
discussed under "ERISA Considerations" in the Prospectus, the Prospectus
Supplement and herein, and should consult their own advisors with respect to
those consequences. As described in the Prospectus Supplement, it is expected
that the Exemptions will apply to the acquisition and holding of Class A-1
Certificates by Plans and that all conditions of the Exemptions other than
those within the control of purchasers of the Certificates will be met.
RATINGS
The Class A-1 Certificates are currently rated "AAA" by Duff & Phleps
Credit Rating Company and Standard & Poor's, a division of the McGraw-Hill
Companies, Inc. See "Ratings" in the Prospectus Supplement.
METHOD OF DISTRIBUTION
The Supplement is to be used by Countrywide Securities Corporation,
an affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection
with offers and sales relating to market making transactions in the Class A-1
Certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices relating to the prevailing prices at the time of
sale.
<PAGE>
EXHIBIT 1
<TABLE>
<CAPTION>
MORTGAGE RATES(1)
Mortgage Rates (%) Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
6.250 2 $625,474.67 0.10%
6.375 8 $2,562,493.15 0.41%
6.500 29 $11,187,693.21 1.77%
6.625 60 $21,373,633.36 3.38%
6.750 235 $85,199,536.34 13.47%
6.875 351 $121,140,019.19 19.15%
7.000 268 $93,705,966.71 14.81%
7.125 180 $59,364,522.27 9.38%
7.250 231 $78,726,615.45 12.45%
7.375 149 $50,035,402.06 7.91%
7.500 136 $46,373,248.27 7.33%
7.625 63 $20,513,366.93 3.24%
7.750 51 $17,352,971.24 2.74%
7.875 39 $13,855,292.77 2.19%
8.000 13 $3,203,469.01 0.51%
8.125 4 $1,059,914.84 0.17%
8.250 11 $3,402,777.00 0.54%
8.375 1 $295,657.31 0.05%
8.500 6 $2,042,370.69 0.32%
8.625 1 $286,627.22 0.05%
9.000 1 $283,234.45 0.04%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
(1) As of the Reference Date, the weighted average Mortgage Rate of the
Mortgage Loans is approximately 7.108% per annum.
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL LOAN-TO-VALUE RATIOS(1)
Original Number of Aggregate Principal Percent of
Loan-to-Value-Ratios (%) Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
50.00 and below 69 $24,443,898.43 3.86%
50.01 to 55.00 48 $18,088,635.25 2.86%
55.01 to 60.00 74 $29,135,558.94 4.61%
60.01 to 65.00 113 $42,932,174.91 6.79%
65.01 to 70.00 137 $49,642,909.88 7.85%
70.01 to 75.00 360 $125,965,645.39 19.91%
75.01 to 80.00 832 $283,789,978.64 44.86%
80.01 to 85.00 30 $8,400,355.78 1.33%
85.01 to 90.00 119 $35,020,887.50 5.54%
90.01 to 95.00 57 $15,170,241.42 2.40%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
(1) The weighted average original Loan-to-Value Ratio of the Mortgage Loans
is approximately 74.08%.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CURRENT MORTGAGE LOANS PRINCIPAL BALANCES(1)
Current Mortgage Loan Number of Aggregate Principal Percent of
Amounts Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
$0--$50,000 11 $23,208.71 0.00%
$50,001-- $100,000 4 $304,175.71 0.05%
$100,001--$150,000 3 $380,536.93 0.06%
$150,001--$200,000 1 $157,793.22 0.02%
$200,001--$250,000 149 $35,997,813.50 5.69%
$250,001--$300,000 639 $175,637,543.44 27.76%
$300,001--$350,000 411 $132,922,326.66 21.01%
$350,001--$400,000 219 $81,455,421.77 12.88%
$400,001--$450,000 128 $54,084,790.52 8.55%
$450,001--$500,000 109 $51,610,101.49 8.16%
$500,001--$550,000 58 $30,632,710.45 4.84%
$550,001-- $600,000 45 $25,701,294.09 4.06%
$600,001--$650,000 35 $21,810,602.00 3.45%
$650,001--$750,000 13 $9,129,616.19 1.44%
$750,001--$1,000,000 13 $11,596,446.69 1.83%
$1,000,001--$1,500,000 1 $1,145,904.77 0.18%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
(1) As of the Reference Date, the average current Mortgage Loan principal
balance is approximately $343,986.02.
</TABLE>
<TABLE>
<CAPTION>
STATE DISTRIBUTION OF MORTGAGED PROPERTIES
State Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
California 994 $350,155,923.39 55.35%
Colorado 68 $21,794,936.80 3.45%
Illinois 45 $14,414,516.83 2.28%
Maryland 47 $15,641,912.49 2.47%
New Jersey 61 $20,355,884.60 3.22%
Texas 73 $25,613,063.09 4.05%
Virginia 41 $13,602,854.35 2.15%
Washington 63 $21,118,743.53 3.34%
Other (less than 2%) 447 $149,892,451.06 23.70%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
(1) Other includes 34 states and the District of Columbia, with under 2%
concentration individually.
</TABLE>
<TABLE>
<CAPTION>
PURPOSE OF MORTGAGE LOAN
Loan Purpose Number of Aggregate Principal Percent or
Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
Purchase 865 $294,013,450.50 46.48%
Refinance (rate/term) 585 $203,217,348.27 32.12%
Refinance (cash out) 389 $135,359,487.37 21.40%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DOCUMENTATION PROGRAM FOR MORTGAGE LOANS
Type of Program Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
Full 861 $296,709,036.27 46.90%
Alternative 603 $207,237,778.62 32.76%
Reduced 329 $112,808,814.47 17.83%
No Income No Asset 12 $4,030,418.38 0.64%
Streamlined 34 $11,804,238.40 1.87%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
</TABLE>
<TABLE>
<CAPTION>
TYPE OF MORTGAGED PROPERTIES
Property Type Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage Loan
<S> <C> <C> <C>
Single Family 1288 $443,047,559.01 70.04%
Condominium 32 $9,928,369.43 1.57%
High Rise Condo 3 $1,041,408.30 0.16%
2-4 Family 19 $6,461,664.46 1.02%
Planned Unit Development 497 $172,111,284.94 27.21%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
</TABLE>
<TABLE>
<CAPTION>
OCCUPANCY TYPES(1)
Occupancy Type Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
Primary Residence 1787 $615,309,615.62 97.27%
Investor Property 16 $4,939,099.16 0.78%
Second Residence 36 $12,341,571.36 1.95%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
(1) Based upon representations of the related Mortgagors at the time of origination.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TERMS TO MATURITY(1)
Remaining Terms to Number of Aggregate Principal Percent of
Maturity (months) Mortgage Loans Balance Outstanding Mortgage Pool
<S> <C> <C> <C>
341 41 $13,944,593.35 2.20%
340 1340 $465,227,765.08 73.54%
339 232 $78,190,987.95 12.36%
338 69 $23,679,215.28 3.74%
337 34 $12,118,232.89 1.92%
336 19 $6,073,058.72 0.96%
335 33 $10,861,866.85 1.72%
334 27 $8,038,887.12 1.27%
333 11 $4,023,838.57 0.64%
332 2 $483,228.09 0.08%
331 1 $476,332.57 0.08%
327 1 $243,223.44 0.04%
280 3 $1,164,895.54 0.18%
274 1 $360,378.10 0.06%
220 16 $5,170,516.31 0.82%
219 5 $1,604,965.67 0.25%
218 2 $561,101.77 0.09%
214 2 $367,198.84 0.06%
-----------------------------------------------------------------------------------------
Total 1,839 $632,590,286.14 100.00%
=========================================================================================
(1) As of the Reference Date, the weighted average remaining term to maturity
of the Mortgage Loans is approximately 338 months.
</TABLE>
<PAGE>
EXHIBIT 2
Certificateholders' Report
THE Distribution Date: 9/25/00
BANK OF
NEW
YORK
101 BARCLAY STREET
NEW YORK, NY 10286
Attn: Courtney Bartholomew
212-815-5795
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-1
Certificateholder Monthly Distribution Summary
<TABLE>
<CAPTION>
Certificate Pass
Class Rate Beginning Through Principal Interest
Class Cusip Description Type Balance Rate (%) Distribution Distribution
<S> <C> <C> <C> <C> <C> <C> <C>
A1 12669A3Z5 Senior Fix-30/360 287,015,840.56 6.500000 2,400,621.88 1,554,669.14
A2 12669A4A9 Senior Fix-30/360 27,935,925.92 6.500000 288,500.28 151,319.60
A3 12669A4B7 Senior Fix-30/360 1,750,000.00 6.500000 0.00 9,479.17
A4 12669A4C5 Senior Fix-30/360 1,750,000.00 6.500000 0.00 9,479.17
A5 12669A4D3 Senior Fix-30/360 1,994,000.00 6.500000 0.00 10,800.83
A6 12669A4E1 Senior Fix-30/360 2,500,000.00 6.500000 0.00 13,541.67
A7 12669A4F8 Senior Fix-30/360 2,500,000.00 6.500000 0.00 13,541.67
A8 12669A4G6 Senior Fix-30/360 72,276,112.13 6.500000 586,137.28 391,495.61
A9 12669A4H4 Senior Fix-30/360 82,489,378.20 6.500000 819,540.28 446,817.47
A10 12669A4J0 Senior Fix-30/360 9,049,203.72 6.500000 75,488.20 49,016.52
A11 12669A4K7 Senior Fix-30/360 155,393.34 6.500000 0.00 0.00
A12 12669A4L5 Senior Fix-30/360 5,000,000.00 6.500000 0.00 27,083.33
A13 12669A4M3 Senior Var-30/360 9,431,118.00 7.520000 0.00 59,101.67
A14 12669A4N1 Senior Var-30/360 2,901,882.00 3.185000 0.00 7,702.08
A15 12669A4P6 Senior Fix-30/360 5,000,000.00 6.400000 0.00 26,666.67
A16 12669A4Q4 Senior Var-30/360 17,588,235.00 7.520000 0.00 110,219.61
A17 12669A4R2 Senior Var-30/360 5,411,765.00 3.185000 0.00 14,363.73
A18 12669A4S0 Senior Fix-30/360 71,110,000.00 6.500000 0.00 385,179.17
PO 12669A4T8 Strip PO Fix-30/360 1,206,879.23 0.000000 2,134.73 0.00
X 12669A4U8 Strip IO Fix-30/360 515,236,681.14 0.446188 0.00 191,577.05
AR 12669A4V9 Senior Fix-30/360 0.00 6.500000 0.00 0.04
M 12669A4W1 Senior Fix-30/360 14,337,205.02 6.500000 13,729.80 77,659.86
B1 12669A4X9 Senior Fix-30/360 6,643,950.69 6.500000 6,362.47 35,988.07
B2 12669A4Y7 Senior Fix-30/360 2,797,815.24 6.500000 2,679.28 15,154.83
B3 12669A4Z4 Senior Fix-30/360 2,447,719.55 6.500000 2,344.02 13,258.48
B4 12669A5A8 Senior Fix-30/360 1,748,511.60 6.500000 1,674.43 9,471.10
B5 12669A5B6 Senior Fix-30/360 1,749,397.38 6.500000 1,675.28 9,475.90
Totals 636,790,332.58 4,200,887.93 3,633,062.44
Current Cumulative
Total Realized Ending Realized
Class Distribution Losses Balance Losses
A1 3,955,291.02 0.00 284,615,218.68 0.00
A2 439,819.88 0.00 27,647,425.64 0.00
A3 9,479.17 0.00 1,750,000.00 0.00
A4 9,479.17 0.00 1,750,000.00 0.00
A5 10,800.83 0.00 1,994,000.00 0.00
A6 13,541.67 0.00 2,500,000.00 0.00
A7 13,541.67 0.00 2,500,000.00 0.00
A8 977,632.89 0.00 71,689,974.85 0.00
A9 1,266,357.75 0.00 81,669,837.92 0.00
A10 124,504.72 0.00 8,973,715.52 0.00
A11 0.00 0.00 156,235.05 0.00
A12 27,083.33 0.00 5,000,000.00 0.00
A13 59,101.67 0.00 9,431,118.00 0.00
A14 7,702.08 0.00 2,901,882.00 0.00
A15 26,666.67 0.00 5,000,000.00 0.00
A16 110,219.61 0.00 17,588,235.00 0.00
A17 14,363.73 0.00 5,411,765.00 0.00
A18 385,179.17 0.00 71,110,000.00 0.00
PO 2,134.73 0.00 1,204,744.50 0.00
X 191,577.05 0.00 511,641,455.41 0.00
AR 0.04 0.00 0.00 0.00
M 91,389.66 0.00 14,323,475.22 0.00
B1 42,350.54 0.00 6,637,588.22 0.00
B2 17,834.11 0.00 2,795,135.96 0.00
B3 15,602.50 0.00 2,445,375.53 0.00
B4 11,145.53 0.00 1,746,837.17 0.00
B5 11,151.18 0.00 1,747,722.10 0.00
Totals 7,833,950.37 0.00 632,590,286.36 0.00
</TABLE>
<PAGE>
THE Distribution Date: 9/25/00
BANK OF
NEW
YORK
101 BARCLAY STREET
NEW YORK, NY 10286
Attn: Courtney Bartholomew
212-815-5795
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-1
Principal Distribution Detail
<TABLE>
<CAPTION>
Original Beginning Scheduled Unscheduled
Certificate Certificate Principal Accretion Principal
Class Cusip Balance Balance Distribution Principal Adjustments
<S> <C> <C> <C> <C> <C> <C>
A1 12669A3Z5 329,512,000.00 287,015,840.56 2,400,627.95 0.00 0.00
A2 12669A4A9 33,043,000.00 27,935,925.92 288,501.01 0.00 0.00
A3 12669A4B7 1,750,000.00 1,750,000.00 0.00 0.00 0.00
A4 12669A4C5 1,750,000.00 1,750,000.00 0.00 0.00 0.00
A5 12669A4D3 1,994,000.00 1,994,000.00 0.00 0.00 0.00
A6 12669A4E1 2,500,000.00 2,500,000.00 0.00 0.00 0.00
A7 12669A4F8 2,500,000.00 2,500,000.00 0.00 0.00 0.00
A8 12669A4G6 82,652,000.00 72,276,112.13 586,138.77 0.00 0.00
A9 12669A4H4 96,997,000.00 82,489,378.20 819,542.35 0.00 0.00
A10 12669A4J0 10,000,000.00 9,049,203.72 75,488.38 0.00 0.00
A11 12669A4K7 526,000.00 155,393.34 0.00 841.71 0.00
A12 12669A4L5 5,000,000.00 5,000,000.00 0.00 0.00 0.00
A13 12669A4M3 9,431,118.00 9,431,118.00 0.00 0.00 0.00
A14 12669A4N1 2,901,882.00 2,901,882.00 0.00 0.00 0.00
A15 12669A4P6 5,000,000.00 5,000,000.00 0.00 0.00 0.00
A16 12669A4Q4 17,588,235.00 17,588,235.00 0.00 0.00 0.00
A17 12669A4R2 5,411,765.00 5,411,765.00 0.00 0.00 0.00
A18 12669A4S0 71,110,000.00 71,110,000.00 0.00 0.00 0.00
PO 12669A4T8 1,299,213.00 1,206,879.23 2,134.73 0.00 0.00
X 12669A4U8 582,320,842.00 515,236,681.14 0.00 0.00 0.00
AR 12669A4V9 100.00 0.00 0.00 0.00 0.00
M 12669A4W1 14,579,000.00 14,337,205.02 13,724.71 0.00 0.00
B1 12669A4X9 6,756,000.00 6,643,950.69 6,360.12 0.00 0.00
B2 12669A4Y7 2,845,000.00 2,797,815.24 2,678.29 0.00 0.00
B3 12669A4Z4 2,489,000.00 2,447,719.55 2,343.15 0.00 0.00
B4 12669A5A8 1,778,000.00 1,748,511.60 1,673.81 0.00 0.00
B5 12669A5B6 1,778,901.04 1,749,397.38 1,674.66 0.00 0.00
Totals 711,192,214.04 636,790,332.58 4,200,887.93 841.71 0.00
Net Current Ending Ending
Principal Realized Certificate Certificate
Class Distribution Losses Balance Factor
A1 2,400,621.88 0.00 284,615,218.68 0.86374765921
A2 288,500.28 0.00 27,647,425.64 0.83671051781
A3 0.00 0.00 1,750,000.00 1.00000000000
A4 0.00 0.00 1,750,000.00 1.00000000000
A5 0.00 0.00 1,994,000.00 1.00000000000
A6 0.00 0.00 2,500,000.00 1.00000000000
A7 0.00 0.00 2,500,000.00 1.00000000000
A8 586,137.28 0.00 71,689,974.85 0.86737132616
A9 819,540.28 0.00 81,669,837.92 0.84198313267
A10 75,488.20 0.00 8,973,715.52 0.89737155200
A11 0.00 0.00 156,235.05 0.29702480989
A12 0.00 0.00 5,000,000.00 1.00000000000
A13 0.00 0.00 9,431,118.00 1.00000000000
A14 0.00 0.00 2,901,882.00 1.00000000000
A15 0.00 0.00 5,000,000.00 1.00000000000
A16 0.00 0.00 17,588,235.00 1.00000000000
A17 0.00 0.00 5,411,765.00 1.00000000000
A18 0.00 0.00 71,110,000.00 1.00000000000
PO 2,134.73 0.00 1,204,744.50 0.92728790429
X 0.00 0.00 511,641,455.41 0.87862466618
AR 0.00 0.00 0.00 0.00000000000
M 13,729.80 0.00 14,323,475.22 0.98247309280
B1 6,362.47 0.00 6,637,588.22 0.98247309355
B2 2,679.28 0.00 2,795,135.96 0.98247309666
B3 2,344.02 0.00 2,445,375.53 0.98247309361
B4 1,674.43 0.00 1,746,837.17 0.98247309899
B5 1,675.28 0.00 1,747,722.10 0.98247292047
Totals 4,200,887.93 0.00 632,590,286.36
</TABLE>
<PAGE>
THE Distribution Date: 9/25/00
BANK OF
NEW
YORK
101 BARCLAY STREET
NEW YORK, NY 10286
Attn: Courtney Bartholomew
212-815-5795
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-1
Interest Distribution Detail
<TABLE>
<CAPTION>
Beginning Pass Accrued Cumulative Total
Certificate Through Optimal Unpaid Deferred Interest
Class Balance Rate (%) Interest Interest Interest Due
<S> <C> <C> <C> <C> <C> <C>
A1 287,015,840.56 6.500000 1,554,669.14 0.00 0.00 1,554,669.14
A2 27,935,925.92 6.500000 151,319.60 0.00 0.00 151,319.60
A3 1,750,000.00 6.500000 9,479.17 0.00 0.00 9,479.17
A4 1,750,000.00 6.500000 9,479.17 0.00 0.00 9,479.17
A5 1,994,000.00 6.500000 10,800.83 0.00 0.00 10,800.83
A6 2,500,000.00 6.500000 13,541.67 0.00 0.00 13,541.67
A7 2,500,000.00 6.500000 13,541.67 0.00 0.00 13,541.67
A8 72,276,112.13 6.500000 391,495.61 0.00 0.00 391,495.61
A9 82,489,378.20 6.500000 446,817.47 0.00 0.00 446,817.47
A10 9,049,203.72 6.500000 49,016.52 0.00 0.00 49,016.52
A11 155,393.34 6.500000 0.00 0.00 841.71 841.71
A12 5,000,000.00 6.500000 27,083.33 0.00 0.00 27,083.33
A13 9,431,118.00 7.520000 59,101.67 0.00 0.00 59,101.67
A14 2,901,882.00 3.185000 7,702.08 0.00 0.00 7,702.08
A15 5,000,000.00 6.400000 26,666.67 0.00 0.00 26,666.67
A16 17,588,235.00 7.520000 110,219.61 0.00 0.00 110,219.61
A17 5,411,765.00 3.185000 14,363.73 0.00 0.00 14,363.73
A18 71,110,000.00 6.500000 385,179.17 0.00 0.00 385,179.17
PO 1,206,879.23 0.000000 0.00 0.00 0.00 0.00
X 515,236,681.14 0.446188 191,577.05 0.00 0.00 191,577.05
AR 0.00 6.500000 0.00 0.00 0.00 0.00
M 14,337,205.02 6.500000 77,659.86 0.00 0.00 77,659.86
B1 6,643,950.69 6.500000 35,988.07 0.00 0.00 35,988.07
B2 2,797,815.24 6.500000 15,154.83 0.00 0.00 15,154.83
B3 2,447,719.55 6.500000 13,258.48 0.00 0.00 13,258.48
B4 1,748,511.60 6.500000 9,471.10 0.00 0.00 9,471.10
B5 1,749,397.38 6.500000 9,475.90 0.00 0.00 9,475.90
Totals 636,790,332.58 3,633,062.40 0.00 841.71 3,633,904.11
Net Unscheduled
Prepayment Interest Interest
Class Int Shortfall Adjustment Paid
A1 0.00 0.00 1,554,669.14
A2 0.00 0.00 151,319.60
A3 0.00 0.00 9,479.17
A4 0.00 0.00 9,479.17
A5 0.00 0.00 10,800.83
A6 0.00 0.00 13,541.67
A7 0.00 0.00 13,541.67
A8 0.00 0.00 391,495.61
A9 0.00 0.00 446,817.47
A10 0.00 0.00 49,016.52
A11 0.00 0.00 0.00
A12 0.00 0.00 27,083.33
A13 0.00 0.00 59,101.67
A14 0.00 0.00 7,702.08
A15 0.00 0.00 26,666.67
A16 0.00 0.00 110,219.61
A17 0.00 0.00 14,363.73
A18 0.00 0.00 385,179.17
PO 0.00 0.00 0.00
X 0.00 0.00 191,577.05
AR 0.00 0.00 0.04
M 0.00 0.00 77,659.86
B1 0.00 0.00 35,988.07
B2 0.00 0.00 15,154.83
B3 0.00 0.00 13,258.48
B4 0.00 0.00 9,471.10
B5 0.00 0.00 9,475.90
Totals 0.00 0.00 3,633,062.44
</TABLE>
<PAGE>
THE Distribution Date: 9/25/00
BANK OF
NEW
YORK
101 BARCLAY STREET
NEW YORK, NY 10286
Attn: Courtney Bartholomew
212-815-5795
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-1
Current Payment Information Factors per $1,000
<TABLE>
<CAPTION>
Original Beginning Cert.
Certificate Notional Principal Interest
Class Cusip Balance Balance Distribution Distribution
<S> <C> <C> <C> <C> <C>
A1 12669A3Z5 329,512,000.00 871.033044502 7.285385297 4.718095669
A2 12669A4A9 33,043,000.00 845.441573707 8.731055897 4.579475191
A3 12669A4B7 1,750,000.00 1,000.000000000 0.000000000 5.416666667
A4 12669A4C5 1,750,000.00 1,000.000000000 0.000000000 5.416666667
A5 12669A4D3 1,994,000.00 1,000.000000000 0.000000000 5.416666667
A6 12669A4E1 2,500,000.00 1,000.000000000 0.000000000 5.416666667
A7 12669A4F8 2,500,000.00 1,000.000000000 0.000000000 5.416666667
A8 12669A4G6 82,652,000.00 874.462954677 7.091628515 4.736674338
A9 12669A4H4 96,997,000.00 850.432262853 8.449130179 4.606508090
A10 12669A4J0 10,000,000.00 904.920372000 7.548820000 4.901652015
A11 12669A4K7 526,000.00 295.424600760 0.000000000 0.000000000
A12 12669A4L5 5,000,000.00 1,000.000000000 0.000000000 5.416666667
A13 12669A4M3 9,431,118.00 1,000.000000000 0.000000000 6.266666667
A14 12669A4N1 2,901,882.00 1,000.000000000 0.000000000 2.654166667
A15 12669A4P6 5,000,000.00 1,000.000000000 0.000000000 5.333333333
A16 12669A4Q4 17,588,235.00 1,000.000000000 0.000000000 6.266666667
A17 12669A4R2 5,411,765.00 1,000.000000000 0.000000000 2.654166667
A18 12669A4S0 71,110,000.00 1,000.000000000 0.000000000 5.416666667
PO 12669A4T8 1,299,213.00 928.930998997 1.643094704 0.000000000
X 12669A4U8 582,320,842.00 884.798626425 0.000000000 0.328988824
AR 12669A4V9 100.00 0.000000000 0.000000000 0.377043160
M 12669A4W1 14,579,000.00 983.414844640 0.941751835 5.326830408
B1 12669A4X9 6,756,000.00 983.414844583 0.941751036 5.326830408
B2 12669A4Y7 2,845,000.00 983.414847100 0.941750439 5.326830422
B3 12669A4Z4 2,489,000.00 983.414845319 0.941751708 5.326830412
B4 12669A5A8 1,778,000.00 983.414848144 0.941749156 5.326830427
B5 12669A5B6 1,778,901.04 983.414670442 0.941749969 5.326829465
Totals 711,192,214.04 895.384285723 5.906824972 5.108411437
Ending Cert. Pass
Notional Through
Class Balance Rate (%)
A1 863.747659205 6.500000
A2 836.710517810 6.500000
A3 1,000.000000000 6.500000
A4 1,000.000000000 6.500000
A5 1,000.000000000 6.500000
A6 1,000.000000000 6.500000
A7 1,000.000000000 6.500000
A8 867.371326163 6.500000
A9 841.983132674 6.500000
A10 897.371552000 6.500000
A11 297.024809886 6.500000
A12 1,000.000000000 6.500000
A13 1,000.000000000 7.520000
A14 1,000.000000000 3.185000
A15 1,000.000000000 6.400000
A16 1,000.000000000 7.520000
A17 1,000.000000000 3.185000
A18 1,000.000000000 6.500000
PO 927.287904293 0.000000
X 878.624666177 0.446188
AR 0.000000000 6.500000
M 982.473092805 6.500000
B1 982.473093546 6.500000
B2 982.473096661 6.500000
B3 982.473093612 6.500000
B4 982.473098988 6.500000
B5 982.472920472 6.500000
Totals 889.478644270
</TABLE>
<PAGE>
THE Distribution Date: 9/25/00
BANK OF
NEW
YORK
101 BARCLAY STREET
NEW YORK, NY 10286
Attn: Courtney Bartholomew
212-815-5795 Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-1
<TABLE>
<CAPTION>
Pool Level Data
<S> <C>
Distribution Date 9/25/00
Cut-off Date 1/1/99
Determination Date 9/1/00
Accrual Period Begin Begin 8/1/00
End 9/1/00
Number of Days in Accrual Period 31
Collateral Information
Group 1
Cut-Off Date Balance 704,975,622.37
Beginning Aggregate Pool Stated Principal Balance 636,790,332.37
Ending Aggregate Pool Stated Principal Balance 632,590,286.14
Beginning Aggregate Certificate Stated Principal Balance 636,790,332.58
Ending Aggregate Certificate Stated Principal Balance 632,590,286.36
Beginning Aggregate Loan Count 1846
Loans Paid Off or Otherwise Removed Pursuant to Pooling and
Servicing Agreement 7
Ending Aggregate Loan Count 1839
Beginning Weighted Average Loan Rate (WAC) 7.121930%
Ending Weighted Average Loan Rate (WAC) 7.121589%
Beginning Net Weighted Average Loan Rate 6.848698%
Ending Net Weighted Average Loan Rate 6.848559%
Weighted Average Maturity (WAM) (Months) 338
Servicer Advances 35,242.76
Aggregate Pool Prepayment 3,590,325.61
Certificate Information
Group 1
Senior Percentage 100.0000000000%
Senior Prepayment Percentage 0.0000000000%
Subordinate Percentage 0.0000000000%
Subordinate Prepayment Percentage 100.0000000000%
Certificate Account
Beginning Balance 0.00
Deposit
Payments of Interest and Principal 7,972,658.96
Liquidation Proceeds 0.00
All Other Proceeds 0.00
Other Amounts 0.00
--------------------
Total Deposits 7,972,658.96
Withdrawals
Reimbursement of Servicer Advances 0.00
Payment of Master Servicer Fees 130,739.98
Payment of Sub Servicer Fees 7,551.96
Payment of Other Fees 0.00
Payment of Insurance Premium(s) 416.67
Payment of Personal Mortgage Insurance 0.00
Other Permitted Withdrawal per the Pooling and Service Agreement 0.00
Payment of Principal and Interest 7,833,950.36
-------------
Total Withdrawals 7,972,658.96
Ending Balance 416.67
Prepayment Compensation
Total Gross Prepayment Interest Shortfall 1,924.68
Compensation for Gross PPIS from Servicing Fees 1,924.68
Other Gross PPIS Compensation 0.00
-----------
Total Net PPIS (Non-Supported PPIS) 0.00
Master Servicing Fees Paid 130,739.98
Sub Servicing Fees Paid 7,551.96
Insurance Premium(s) Paid 416.67
Personal Mortgage Insurance Fees Paid 0.00
Other Fees Paid 0.00
-----------------
Total Fees 138,708.60
</TABLE>
Delinquency Information
<TABLE>
<CAPTION>
Group 1
<S> <C> <C> <C>
Delinquency 30 - 59 Days 60 - 89 Days 90+ Days
----------- ------------ ------------ --------
Scheduled Principal Balance 3,532,153.89 492,953.56 900,514.16
Percentage of Total Pool Balance 0.558364% 0.077926% 0.142353%
Number of Loans 12 1 2
Percentage of Total Loans 0.652529% 0.054377% 0.108755%
Foreclosure
-----------
Scheduled Principal Balance 0.00 0.00 0.00
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000%
Number of Loans 0 0 0
Percentage of Total Loans 0.000000% 0.000000% 0.000000%
Bankruptcy
----------
Scheduled Principal Balance 0.00 0.00 0.00
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000%
Number of Loans 0 0 0
Percentage of Total Loans 0.000000% 0.000000% 0.000000%
REO
---
Scheduled Principal Balance 0.00 0.00 0.00
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000%
Number of Loans 0 0 0
Percentage of Total Loans 0.000000% 0.000000% 0.000000%
Book Value of all REO Loans
Percentage of Total Pool Balance
Current Realized Losses
Additional Gains (Recoveries)/Losses
Total Realized Losses
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
Delinquency 270+ Days Totals
----------- --------- ------
Scheduled Principal Balance 900,514.16 4,925,621.61
Percentage of Total Pool Balance 0.142353% 0.778643%
Number of Loans 15
Percentage of Total Loans 0.815661%
Foreclosure
-----------
Scheduled Principal Balance 0.00
Percentage of Total Pool Balance 0.000000%
Number of Loans 0
Percentage of Total Loans 0.000000%
Bankruptcy
----------
Scheduled Principal Balance 0.00
Percentage of Total Pool Balance 0.000000%
Number of Loans 0
Percentage of Total Loans 0.000000%
REO
---
Scheduled Principal Balance 0.00
Percentage of Total Pool Balance 0.000000%
Number of Loans 0
Percentage of Total Loans 0.000000%
Book Value of all REO Loans 0.00
Percentage of Total Pool Balance 0.000000%
Current Realized Losses 0.00
Additional Gains (Recoveries)/Losses 0.00
Total Realized Losses 0.00
</TABLE>
Subordination/Credit Enhancement Information
<TABLE>
<CAPTION>
Protection Original Current
---------- -------- -------
<S> <C> <C>
Bankruptcy Loss 0.00 0.00
Bankruptcy Percentage 0.000000% 0.000000%
Credit/Fraud Loss 0.00 7,049,756.22
Credit/Fraud Loss Percentage 0.000000% 1.114427%
Special Hazard Loss 0.00 0.00
Special Hazard Loss Percentage 0.000000% 0.000000%
Credit Support Original Current
-------------- -------- -------
Class A 711,192,214.04 632,590,286.36
Class A Percentage 100.000000% 100.000000%
Reserve Fund Information
7007048
-------
Beginning Balance 0.00
Deposits 0.00
Accrued Interest 0.00
Withdrawals 0.00
Ending Balance
</TABLE>
