STRUCTURED ASSET SEC CORP MORT PAS THR CERT SER 1999-BC1
8-K, 1999-05-10
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):  April 26, 1999
					
		      STRUCTURED ASSET SECURITIES CORPORATION
	    Mortgage Pass-Through Certificates, Series 1999-BC1 Trust


New York (governing law of          333-68513-01   52-2151536
Pooling and Servicing Agreement)    (Commission    52-2151538
(State or other                     File Number)   52-2151540
jurisdiction                                       52-2151543
						   52-2151544
						   52-2151546
	c/o Norwest Bank Minnesota, N.A.           IRS EIN 
	11000 Broken Land Parkway                            21044
	Columbia, Maryland                                  (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 April 26, 1999 a distribution was made to holders of STRUCTURED ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-BC1 
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             Mortgage Pass-Through Certificates, Series 
				 1999-BC1 Trust, relating to the April 26, 
				 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.



		     STRUCTURED ASSET SECURITIES CORPORATION
	     Mortgage Pass-Through Certificates, Series 1999-BC1 Trust

	      By:   The First National Bank of Chicago, as Trustee
	      By:   /s/ Barbara Gross, Vice President
	      By:   Barbara Gross, Vice President
	      Date: 5/5/99


				INDEX TO EXHIBITS
	       
Exhibit Number                   Description
					 
EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through 
	       Certificates, Series 1999-BC1 Trust, relating to the April 26, 
	       1999 distribution. 
		





<TABLE>
<CAPTION>
Structured Asset Securities Corporation 
Mortgage Pass-Through Certificates
Record Date:            3/31/99
Distribution Date:     4/26/99

SASC  Series: 1999-BC1

Contact: Customer Service - Columbia,  MD
	 Norwest Bank Minnesota, N.A.
	 Securities Administration Services
	 11000 Broken Land Parkway
	 Columbia, MD 21044
	 Telephone: (301) 815-6600
	 Fax:       (410) 884-2369


					     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>
     A1        863572YJ6         SEQ          5.41875%    239,845,642.32    1,155,256.51   11,736,211.92
     A2        863572YK3         SEQ          5.36875%   1,171,271,545.4    5,589,568.08   33,586,291.41
    AIO        863572YP2         IO           4.00000%              0.00    1,638,006.69            0.00
     M1        863572YL1         SEQ          5.73875%    142,808,000.00      728,479.47            0.00
     M2        863572YM9         SEQ          6.23875%     79,825,000.00      442,673.97            0.00
     B         863572YN7         SEQ          7.68875%     74,035,000.00      505,988.09            0.00
     X1        SAC9901X1         IO           0.00000%              0.00            0.00            0.00
     X2        SAC9901X2         IO           0.00000%              0.00            0.00            0.00
     P         SAC99001P         IO           0.00000%              0.00      507,144.71            0.00
     OC        SAC9901OC         OC           0.00000%      9,051,013.65            0.00            0.00
     R1        SAC9901R1         RES          0.00000%              0.00            0.00            0.00
     R2        SAC9901R2         RES          0.00000%              0.00            0.00            0.00
     R3        SAC9901R3         RES          0.00000%              0.00            0.00            0.00
     R4        SAC9901R4         RES          0.00000%              0.00            0.00            0.00
     R5        SAC9901R5         RES          0.00000%              0.00            0.00            0.00
Totals                                                  1,716,836,201.41   10,567,117.52   45,322,503.33
</TABLE>
<TABLE> 
<CAPTION> 

				       Certificateholder Distribution Summary (continued)

			  Current                Ending                                       Cumulative
			 Realized           Certificate                   Total                 Realized
Class                        Loss               Balance            Distribution                   Losses
<S>           <C>                  <C>                     <C>                      <C>
A1                             0.00         228,109,430.40            12,891,468.43                      0.00
A2                             0.00       1,137,685,254.04            39,175,859.49                      0.00
AIO                            0.00                   0.00             1,638,006.69                      0.00
M1                             0.00         142,808,000.00               728,479.47                      0.00
M2                             0.00          79,825,000.00               442,673.97                      0.00
B                              0.00          74,035,000.00               505,988.09                      0.00
X1                             0.00                   0.00                     0.00                      0.00
X2                             0.00                   0.00                     0.00                      0.00
P                              0.00                   0.00               507,144.71                      0.00
OC                             0.00          12,478,783.87                     0.00                      0.00
R1                             0.00                   0.00                     0.00                      0.00
R2                             0.00                   0.00                     0.00                      0.00
R3                             0.00                   0.00                     0.00                      0.00
R4                             0.00                   0.00                     0.00                      0.00
R5                             0.00                   0.00                     0.00                      0.00
Totals                         0.00       1,674,941,468.31            55,889,620.85                      0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</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>
A1                  251,958,000.00     239,845,642.32        176,885.68    11,559,326.25           0.00            0.00
A2                1,220,747,000.00   1,171,271,545.44        903,500.80    32,682,790.61           0.00            0.00
AIO                           0.00               0.00              0.00             0.00           0.00            0.00
M1                  142,808,000.00     142,808,000.00              0.00             0.00           0.00            0.00
M2                   79,825,000.00      79,825,000.00              0.00             0.00           0.00            0.00
B                    74,035,000.00      74,035,000.00              0.00             0.00           0.00            0.00
X1                            0.00               0.00              0.00             0.00           0.00            0.00
X2                            0.00               0.00              0.00             0.00           0.00            0.00
P                             0.00               0.00              0.00             0.00           0.00            0.00
OC                          732.39       9,051,013.65              0.00             0.00           0.00            0.00
R1                            0.00               0.00              0.00             0.00           0.00            0.00
R2                            0.00               0.00              0.00             0.00           0.00            0.00
R3                            0.00               0.00              0.00             0.00           0.00            0.00
R4                            0.00               0.00              0.00             0.00           0.00            0.00
R5                            0.00               0.00              0.00             0.00           0.00            0.00
Totals            1,769,373,732.39   1,716,836,201.41      1,080,386.48    44,242,116.86           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>
A1                           11,736,211.92        228,109,430.40           0.90534704     11,736,211.92
A2                           33,586,291.41      1,137,685,254.04           0.93195826     33,586,291.41
AIO                                   0.00                  0.00           0.00000000              0.00
M1                                    0.00        142,808,000.00           1.00000000              0.00
M2                                    0.00         79,825,000.00           1.00000000              0.00
B                                     0.00         74,035,000.00           1.00000000              0.00
X1                                    0.00                  0.00           0.00000000              0.00
X2                                    0.00                  0.00           0.00000000              0.00
P                                     0.00                  0.00           0.00000000              0.00
OC                                    0.00         12,478,783.87      17,038.44109013              0.00
R1                                    0.00                  0.00           0.00000000              0.00
R2                                    0.00                  0.00           0.00000000              0.00
R3                                    0.00                  0.00           0.00000000              0.00
R4                                    0.00                  0.00           0.00000000              0.00
R5                                    0.00                  0.00           0.00000000              0.00
Totals                       45,322,503.33      1,674,941,468.31           0.94662955     45,322,503.33
</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>
A1                    251,958,000.00        951.92707642         0.70204431         45.87798859        0.00000000
A2                  1,220,747,000.00        959.47116433         0.74012125         26.77277979        0.00000000
AIO                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
M1                    142,808,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M2                     79,825,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B                      74,035,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
X1                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
X2                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
P                               0.00          0.00000000         0.00000000          0.00000000        0.00000000
OC                            732.39    12358188.4651620         0.00000000          0.00000000        0.00000000
R1                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R2                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R3                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R4                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R5                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>

</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>
A1                      0.00000000         46.58003286            905.34704355          0.90534704        46.58003286
A2                      0.00000000         27.51290104            931.95826329          0.93195826        27.51290104
AIO                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M1                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M2                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
X1                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
X2                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
P                       0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
OC                      0.00000000          0.00000000       17,038,441.090129      17038.44109013         0.00000000
R1                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R2                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R3                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R4                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R5                      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>
A1                251,958,000.00        5.41875%     239,845,642.32        1,155,256.51           0.00             0.00
A2              1,220,747,000.00        5.36875%   1,171,271,545.44        5,589,568.10           0.00             0.00
AIO                         0.00        4.00000%     491,402,008.60        1,638,006.70           0.00             0.00
M1                142,808,000.00        5.73875%     142,808,000.00          728,479.48           0.00             0.00
M2                 79,825,000.00        6.23875%      79,825,000.00          442,673.97           0.00             0.00
B                  74,035,000.00        7.68875%      74,035,000.00          505,988.09           0.00             0.00
X1                          0.00        0.00000%               0.00                0.00           0.00             0.00
X2                          0.00        0.00000%               0.00                0.00           0.00             0.00
P                           0.00        0.00000%               0.00                0.00           0.00             0.00
OC                        732.39        0.00000%       9,051,013.65                0.00           0.00             0.00
R1                          0.00        0.00000%               0.00                0.00           0.00             0.00
R2                          0.00        0.00000%               0.00                0.00           0.00             0.00
R3                          0.00        0.00000%               0.00                0.00           0.00             0.00
R4                          0.00        0.00000%               0.00                0.00           0.00             0.00
R5                          0.00        0.00000%               0.00                0.00           0.00             0.00
Totals          1,769,373,732.39                                          10,059,972.85           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>
 A1                             0.00                0.00         1,155,256.51                0.00     228,109,430.40
 A2                             0.02                0.00         5,589,568.08                0.00   1,137,685,254.04
 AIO                            0.01                0.00         1,638,006.69                0.00     491,402,008.60
 M1                             0.00                0.00           728,479.47                0.00     142,808,000.00
 M2                             0.00                0.00           442,673.97                0.00      79,825,000.00
 B                              0.00                0.00           505,988.09                0.00      74,035,000.00
 X1                             0.00                0.00                 0.00                0.00               0.00
 X2                             0.00                0.00                 0.00                0.00               0.00
 P                              0.00                0.00           507,144.71                0.00               0.00
 OC                             0.00                0.00                 0.00                0.00      12,478,783.87
 R1                             0.00                0.00                 0.00                0.00               0.00
 R2                             0.00                0.00                 0.00                0.00               0.00
 R3                             0.00                0.00                 0.00                0.00               0.00
 R4                             0.00                0.00                 0.00                0.00               0.00
 R5                             0.00                0.00                 0.00                0.00               0.00
 Totals                         0.03                0.00        10,567,117.52                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>
A1                  251,958,000.00        5.41875%         951.92707642        4.58511542        0.00000000        0.00000000
A2                1,220,747,000.00        5.36875%         959.47116433        4.57880961        0.00000000        0.00000000
AIO                           0.00        4.00000%         999.99999998        3.33333334        0.00000000        0.00000000
M1                  142,808,000.00        5.73875%        1000.00000000        5.10111114        0.00000000        0.00000000
M2                   79,825,000.00        6.23875%        1000.00000000        5.54555553        0.00000000        0.00000000
B                    74,035,000.00        7.68875%        1000.00000000        6.83444438        0.00000000        0.00000000
X1                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
X2                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
P                             0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
OC                          732.39        0.00000%    12358188.46516200        0.00000000        0.00000000        0.00000000
R1                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R2                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R3                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R4                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R5                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5)  Per $1 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>
A1                    0.00000000        0.00000000         4.58511542          0.00000000          905.34704355
A2                    0.00000002        0.00000000         4.57880960          0.00000000          931.95826329
AIO                   0.00000002        0.00000000         3.33333332          0.00000000          999.99999998
M1                    0.00000000        0.00000000         5.10111107          0.00000000         1000.00000000
M2                    0.00000000        0.00000000         5.54555553          0.00000000         1000.00000000
B                     0.00000000        0.00000000         6.83444438          0.00000000         1000.00000000
X1                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
X2                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
P                     0.00000000        0.00000000   126786177500.000          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000     17038441.09012958
R1                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R2                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R3                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R4                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R5                    0.00000000        0.00000000         0.00000000          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
			Rate            Balance            Balance          Balance           Balance        Percentage
Class
<S>             <C>             <C>               <C>               <C>               <C>               <C>
      MBIA          1,200.00000%        39,038.00          37,919.00             0.00               0.00     93.19684420%
</TABLE>
<TABLE>
<CAPTION>

						      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          55,443,840.59
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                            1,214,806.90
    Realized Losses                                                                                      0.00
Total Deposits                                                                                  56,658,647.49

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         769,026.64
    Payment of Interest and Principal                                                           55,889,620.85
Total Withdrawals (Pool Distribution Amount)                                                    56,658,647.49

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                                                                                715,348.35
Trustee Fee                                                                                            333.33
MBIA Premium                                                                                        39,038.00
Master Servicing Fee                                                                                14,306.96
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  769,026.64

</TABLE>
<TABLE>
<CAPTION>
							 OTHER ACCOUNTS

					       Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
Reserve Fund                                      1,000.03              0.00              0.00         1,000.03
Reserve Fund                                      1,000.00              0.00              0.03         1,000.03

</TABLE>
<TABLE>
<CAPTION>
						       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                                 793     77,085,286.59               4.627684%          4.602267%
60 Days                                 252     23,579,178.64               1.470588%          1.407761%
90+ Days                                381     35,455,899.92               2.223389%          2.116844%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                1,426    136,120,365.15               8.321662%          8.126873%
</TABLE>
<TABLE>
<CAPTION>
						       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                             1,214,806.90
</TABLE>






<TABLE>
<CAPTION>
			      COLLATERAL STATEMENT
<S>                                                                       <C>
Collateral Description                               Fixed Mixed & ARM & Balloon

Weighted Average Gross Coupon                                        10.319387%
Weighted Average Net Coupon                                           9.792101%
Weighted Average Pass-Through Rate                                    9.781867%
Weighted Average Maturity (Stepdown Calculation)                            343
Begin Scheduled Collateral Loan Count                                    17,486

Number Of Loans Paid In Full                                                350
End Scheduled Collateral Loan Count                                      17,136
Begining Scheduled Collateral Balance                          1,716,836,201.42
Ending Scheduled Collateral Balance                            1,674,941,468.31
Ending Actual Collateral Balance at 31-Mar-1999                1,676,069,316.12
Monthly P &I Constant                                             15,759,527.60
Ending Scheduled Balance for Premium Loans                     1,674,941,468.31
Scheduled Principal                                                  995,613.07
Unscheduled Principal                                             40,899,120.04
</TABLE>
<TABLE>
<CAPTION>
	   <S>                                        <C>
Current Month Prepayment Penalties                                507,144.71
</TABLE>
 <TABLE>
 <CAPTION>
				      Group Level Collateral Statement
 <S>                                                                <C> 
 Group ID                                                                     1                         2
 Collateral Description                                       Fixed 15/30 & ARM         Fixed 15/30 & ARM
 Weighted Average Coupon Rate                                          9.683242                 10.452544
 Weighted Average Net Rate                                             9.173242                  9.942544
 Weighted Average Maturity                                               349.00                    342.00
 Beginning Loan Count                                                       918                    16,568
 Loans Paid In Full                                                          35                       315
 Ending Loan Count                                                          883                    16,253
 Beginning Scheduled Balance                                     297,162,776.60          1,419,673,424.82
 Ending scheduled Balance                                        286,055,237.78          1,388,886,230.53
 Record Date                                                            3/31/99                   3/31/99
 Principal And Interest Constant                                   2,565,326.42             13,194,201.18
 Scheduled Principal                                                 167,410.45                828,202.62
 Unscheduled Principal                                            10,940,128.37             29,958,991.67
 Scheduled Interest                                                2,397,915.97             12,365,998.56
 
 
 Servicing Fees                                                      123,817.81                591,530.54
 Master Servicing Fees                                                 2,476.35                 11,830.61
 Trustee Fee                                                               0.00                      0.00
 FRY Amount                                                                0.00                      0.00
 Special Hazard Fee                                                        0.00                      0.00
 Other Fee                                                                 0.00                      0.00
 Pool Insurance Fee                                                        0.00                      0.00
 Spread Fee 1                                                              0.00                      0.00
 Spread Fee 2                                                              0.00                      0.00
 Spread Fee 3                                                              0.00                      0.00
 Net Interest                                                      2,271,621.81             11,762,637.41
 Realized Loss Amount                                                      0.00                      0.00
 Cumulative Realized Loss                                                  0.00                      0.00
 
 
 Group ID                                                                     1                         2
 Required Overcollateralization Amount                                     0.00                      0.00
 Overcollateralization Increase Amount                                     0.00                      0.00
 Overcollateralization Reduction Amount                                    0.00                      0.00
 Specified Overcollateralization Amount                            9,382,910.62             35,812,564.30
 Overcollateralization Amount                                      2,267,807.38             10,210,976.49
 Overcollateralization Deficiency Amount                           7,743,776.35             28,400,684.93
 Base Overcollateralization Amount                                         0.00                      0.00
 Extra Principal Distribution Amount                                 628,673.10              2,799,097.12
 Excess Cash Amount                                                  628,673.10              2,799,097.12
 
 
 </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        13,255,720.16     4,831,474.55    5,638,010.62           0.00            0.00           0.00
     Percentage Of Balance           4.634%           1.689%          1.971%         0.000%          0.000%         0.000%
     Loan Count                          37               14              18              0               0              0
     Percentage Of Loans             4.190%           1.586%          2.039%         0.000%          0.000%         0.000%
 
  2  Principal Balance        63,829,566.43    18,747,704.09   29,817,889.30           0.00            0.00           0.00
     Percentage Of Balance           4.596%           1.350%          2.147%         0.000%          0.000%         0.000%
     Loan Count                         756              238             363              0               0              0
     Percentage Of Loans             4.651%           1.464%          2.233%         0.000%          0.000%         0.000%
 
 </TABLE>









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