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Previous: HENDERSON FUND MANAGEMENT PLC, 13F-HR, 1999-12-01 |
Next: IMH ASSETS CORP IMPAC CMB TRUST SERIES 1999-1, 8-K, 1999-12-01 |
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: November 26, 1999
ADVANTA Mortgage Loan Trust 1999-1
New York 333-52351-05 Pending
c/o ADVANTA Mortgage Corp., USA
Attn: H. John Berens
10790 Rancho Bernardo Road
San Diego, CA 92127
(858) 676-3099
Item 5. Other Events
Information relating to the distributions to Certificate holders
for the October 1999 Monthly Period of the Trust in respect of
the Mortgage Loan Asset-Backed Certificates, Series 1999-1
Class A (the "Certificates") issued by the Registrant and the
performance of the Trust (including distributions of principal
and interest, delinquent balances of Home Equity Loans,
and the Subordinated amount remaining), together with certain other
information relating to the certificates, is contained in the
Monthly Report for the Monthly Period provided to certificateholders
pursuant to the Pooling and Servicing Agreement (the "Agreement")
dated as of March 1, 1999 between ADVANTA Mortgage Corp.,
USA as Servicer, and Bankers Trust Company, as Trustee.
Item 7. Financial Statements, Exhibits
Exhibit No. Exhibit
1. Monthly Report for the October 1999 Monthly
period relating to the Mortgage Loan Asset-
Backed Certificates Series 1999-1, Class A
issued by the ADVANTA Mortgage Loan
Trust 1999-1.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the October 1999 Monthly
Period relating to the Mortgage Loan Asset-Backed
Certificates, Series 1999-1, Class A issued by the
ADVANTA Mortgage Loan Trust 1999-1.
SIGNATURE
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 thereunto duly authorized.
ADVANTA Mortgage Loan Trust 1999-1
BY: ADVANTA Mortgage Corp., USA
BY: /s/ H. John Berens
H. John Berens
Senior Vice President
Advanta Mortgage
November 26, 1999
<TABLE>
EXHIBIT 1
<CAPTION>
ADVANTA Mortgage Loan Trust 1999-1
Statement to Certificateholders
Distribution in Dollars - Current Period
<CAPTION>
Prior
Original Principal Total Realized
Class Face Value Balance Interest Principal Distribution Losses
<S> <C> <C> <C> <C> <C> <C>
A-1 125,000,000 83,920,6 418,9 7,134,147 7,553,05
A-2 82,000,00 82,000,0 408,6 408,6
A-3 44,000,00 44,000,0 223,6 223,6
A-4 83,000,00 83,000,0 435,7 435,7
A-5 26,000,00 26,000,0 145,8 145,8
A-6 40,000,00 40,000,0 211,0 211,0
A-7 400,000,000 346,313,22 1,748,11 7,989,950 9,738,06
B
BS
R
Totals 800,000,000 705,233,83 3,591,88 15,124,098. 18,715,980
</TABLE>
<TABLE>
<CAPTION>
Current
Deferred Principal
Class Interest Balance
<S> <C> <C>
A-1 76,786,464.27
A-2 82,000,000.00
A-3 44,000,000.00
A-4 83,000,000.00
A-5 26,000,000.00
A-6 40,000,000.00
A-7 338,323,271.93
B -
BS -
R -
Totals 690,109,736.20
</TABLE>
<TABLE>
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
<CAPTION>
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 F-30/360 00755WGF7 125,000,000. 671.364
A-2 F-30/360 00755WGG5 82,000,000 1,000.0000
A-3 F-30/360 00755WGH3 44,000,000 1,000.0000
A-4 F-30/360 00755WGJ9 83,000,000 1,000.0000
A-5 A-30/360 00755WGK6 26,000,000 1,000.0000
A-6 F-30/360 00755WGL4 40,000,000 1,000.0000
A-7 10/25/99 11/25/99 A-Act/360 00755WGM2 400,000,000. 865.783
B
BS
R
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
A-1 3. 57. 60.4 614.291714
A-2 4. 4.9 1,000.000000
A-3 5. 5.0 1,000.000000
A-4 5. 5.2 1,000.000000
A-5 5. 5.6 1,000.000000
A-6 5. 5.2 1,000.000000
A-7 4. 19. 24.3 845.808180
B -
BS -
R -
</TABLE>
<TABLE>
Distribution in Dollars - To Date
<CAPTION>
Original Unscheduled Scheduled Total Total
Class Face Value Interest Principal Principal Principal Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 125,000,000 4,263,8 43,393,503 4,820,032 48,213,535 52,477,404.
A-2 82,000,00 3,269,0 3,269,066
A-3 44,000,00 1,789,3 1,789,333
A-4 83,000,00 3,486,0 3,486,000
A-5 26,000,00 1,166,5 1,166,533
A-6 40,000,00 1,688,0 1,688,000
A-7 400,000,000 14,863,9 59,251,835 2,424,892 61,676,728 76,540,680.
B
BS
R 910, 910,90
Totals 800,000,000 31,437,6 102,645,339. 7,244,924 109,890,263. 141,327,922.
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 76,786,464.27
A-2 82,000,000.00
A-3 44,000,000.00
A-4 83,000,000.00
A-5 26,000,000.00
A-6 40,000,000.00
A-7 338,323,271.93
B -
BS -
R -
Totals 690,109,736.20
</TABLE>
<TABLE>
Interest Detail
<CAPTION>
Pass Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
<S> <C> <C> <C> <C> <C> <C>
A-1 5.99000% 83,920,6 418,9
A-2 5.98000% 82,000,0 408,6
A-3 6.10000% 44,000,0 223,6
A-4 6.30000% 83,000,0 435,7
A-5 6.73000% 26,000,0 145,8
A-6 6.33000% 40,000,0 211,0
A-7 5.67875% 346,313,22 1,748,11
B
BS
R
Totals 705,233,83 3,591,88
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
A-1 418,9 418, -
A-2 408,6 408, -
A-3 223,6 223, -
A-4 435,7 435, -
A-5 145,8 145, -
A-6 211,0 211, -
A-7 1,748,1 1,748,1 -
B -
BS -
R -
Totals 3,591,8 3,591,8 -
</TABLE>
<TABLE>
Collection Account Report
<CAPTION>
Summary Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 7,005,313 6,043,32 13,048,638.
Principal Withdrawals
Principal Other Accounts
TOTAL PRINCIPAL 7,005,313 6,043,32 13,048,638.
Interest Collected 2,873,079 3,083,11 5,956,195
Interest Withdrawals (
Interest Other Accounts 8,8 8154.04 16,9
Fees (149,16 (156,3 (305,55
TOTAL INTEREST 2,732,748 2,934,59 5,667,341
TOTAL AVAILABLE TO CERTIFICATEHOLDERS 9,738,062 8,977,91 18,715,980.
</TABLE>
<TABLE>
Principal - Collections
<CAPTION>
Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Scheduled Principal 501,85 793,4 1,295,268
Curtailments
Prepayments in Full 6,431,880 5,249,91 11,681,796.
Repurchased Principal Amounts
Substitution Principal Amount
Liquidations 109,59 109,59
Insurance Principal
Other Principal
Total Realized Loss of Principal (38,0 (38,0
TOTAL PRINCIPAL COLLECTED 7,005,313 6,043,32 13,048,638.
</TABLE>
<TABLE>
Collection Account Report
<CAPTION>
Principal - Withdrawals Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
Principal - Other Accounts Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Amounts Remaining in Pre-Funding Account
</TABLE>
<TABLE>
<CAPTION>
Interest - Collections Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Scheduled Interest 2,912,055 3,122,99 6,035,047
Repurchased Interest
Substitution Interest Amount
Liquidation Interest 1,0 1,0
Insurance Interest
Other Interest
Delinquent Interest (825,22 (854,6 (1,679,835
Interest Advanced 785,15 814,7 1,599,884
Prepayment Interest Shortfalls (1,2 (5, (6,6
Compensating Interest 1,2 5, 6,6
Civil Relief Act Shortfalls
TOTAL INTEREST COLLECTED 2,873,079 3,083,11 5,956,195
</TABLE>
<TABLE>
Collection Account Report
<CAPTION>
Interest - Withdrawals Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Current Nonrecoverable Advances
TOTAL INTEREST WITHDRAWALS
</TABLE>
<TABLE>
<CAPTION>
Interest - Other Accounts Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Capitalized Interest Requirement
Pre-Funding Account Earnings
Certificate Account Earnings 8,8 8, 16,9
Capitalized Interest Account
</TABLE>
<TABLE>
<CAPTION>
Interest - Fees Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 107,40 112,9 220,38
Trustee Fee Amount 2,2 2, 4,6
Insurance Premium Amount 39,4 41,0 80,5
TOTAL FEES 149,16 156,3 305,55
</TABLE>
<TABLE>
Credit Enhancement Report
<CAPTION>
Accounts Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
Insurance Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Total Insured Payments
</TABLE>
<TABLE>
<CAPTION>
Structural Features Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Specified Overcollateralization Amount 25,800,000.00 14,000,000.00 39,800,000.00
Current Overcollateralization Amount 8,582,151.89 9,039,006.52 17,621,158.41
Overcollateralization Deficiency Amount 18,202,484.64 6,051,816.19 24,254,300.83
Overcollateralization Deficit Amount
Overcollateralization Increase Amount 984,636.53 1,090,822.71 2,075,459.24
Overcollateralization Reduction Amount
Components of Change in Overcollateralization*
Excess Interest Generated by Pool 975,796.91 1,082,668.66 2,058,465.57
Certificate Account Interest Earnings 8,839.62 8,154.04 16,993.66
Additional Principal
TOTAL 984,63 1,090,822.70 2,075,459.23
*(NOTE: If at specified amount, components will not equal increase amount)
</TABLE>
<TABLE>
Collateral Report
<CAPTION>
Collateral Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Loan Count:
Original 3,794 5,598 9,392
Prior 3,863 5,867 9,730
Prefunding
Scheduled Paid Offs
Full Voluntary Prepayments (76) (92) (168)
Repurchases
Liquidations
Current 3,785 5,775 9,560
Principal Balance
Original 358,638,192.19 354,898,989.56 713,537,181.75
Prior 353,948,759.03 366,868,795.85 720,817,554.88
Prefunding
Scheduled Principal (501,859.28) (793,409.27) (1,295,268.55)
Partial and Full Voluntary Prepayments (6,431,880 (5,249,91 (11,681,796.
Repurchases
Liquidations (109,59 (109,59
Current 346,905,423. 360,825,470. 707,730,894.
</TABLE>
<TABLE>
<CAPTION>
Prefunding Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
PRE-FUNDING ACCOUNT
Original Pre-Funded Amount 41,361,807.81 45,101,010.44 86,462,818.25
Balance of Subsequent Mortgage Loans Added This Period
Pre-Funding Account Earnings
Withdrawal Account Earnings
Pre-Funding Account Ending Balance
CAPITALIZED INTEREST ACCOUNT
Original Capitalized Interest Deposit 431,226.00 473,750.00 904,976.00
Capitalized Interest Requirement
Capitalized Interest Account Earnings
Capitalized Interest Account Ending Balance
</TABLE>
<TABLE>
Collateral Report
<CAPTION>
Characteristics Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Coupon Original 9.990174% 10.330135% 10.159264%
Weighted Average Coupon Prior 9.885970% 10.222733% 10.056335%
Weighted Average Coupon Current 9.876530% 10.215068% 10.048833%
Weighted Average Months to Maturity Original 351 252 302
Weighted Average Months to Maturity Prior 344 248 295
Weighted Average Months to Maturity Current 343 248 295
Weighted Average Remaining Amortization Term Original 351 298 325
Weighted Average Remaining Amortization Term Prior 345 289 316
Weighted Average Remaining Amortization Term Current 344 288 315
Weighted Average Seasoning Original 3.99 3.76 3.87
Weighted Average Seasoning Prior 9.54 9.35 9.44
Weighted Average Seasoning Current 10.53 10.34 10.43
Note: Original information refers to deal issue
</TABLE>
<TABLE>
Collateral Report
<CAPTION>
Arm Characteristics Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Margin Original 6.149%
Weighted Average Margin Prior 6.000%
Weighted Average Margin Current 6.000%
Weighted Average Max Rate Original 16.848% 10.330%
Weighted Average Max Rate Prior 17.000% 10.000%
Weighted Average Max Rate Current 17.000% 10.000%
Weighted Average Min Rate Original 9.093% 9.830%
Weighted Average Min Rate Prior 9.000% 10.000%
Weighted Average Min Rate Current 9.000% 10.000%
Weighted Average Cap Up Original 1.103%
Weighted Average Cap Up Prior 1.000%
Weighted Average Cap Up Current 1.000%
Weighted Average Cap Down Original 1.103%
Weighted Average Cap Down Prior 1.000%
Weighted Average Cap Down Current 1.000%
Note: Original information refers to deal issue
</TABLE>
<TABLE>
<CAPTION>
Servicing Fees / Advances Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 107,40 112,9 220,38
Delinquent Servicing Fees 40,0 39,8 79,9
TOTAL SERVICING FEES 147,47 152,8 300,34
Total Servicing Fees 147,47 152,8 300,34
Compensating Interest (1,2 (5, (6,6
Delinquent Servicing Fees (40,0 (39,8 (79,9
COLLECTED SERVING FEES 106,15 107,5 213,69
Prepayment Interest Shortfall 1,2 5, 6,6
Total Advanced Interest 785,15 814,7 1,599,884
Current Nonrecoverable Advances 279.41 289.28
Unreimbursed Delq / Servicing Advances Paid to Servicer
</TABLE>
<TABLE>
<CAPTION>
Additional Collateral Information Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Coupon Next 9.866799% 10.200089% 10.036722%
</TABLE>
<TABLE>
Delinquency Report - Total
<CAPTION>
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 16,206,142 6,077,475 1,963,89 24,247,512.
% Balance 2.29% 0.86% 0.28% 3.43%
# Loans
% # Loans 2.60% 0.90% 0.45% 3.95%
FORECLOSURE Balance 373, 375,6 741,52 19,443,692 20,934,777.
% Balance 0.05% 0.05% 0.10% 2.75% 2.95%
# Loans
% # Loans 0.05% 0.05% 0.07% 2.86% 3.03%
BANKRUPTCY Balance 2,220,3 485,7 652,72 5,479,31 8,838,186
% Balance 0.31% 0.07% 0.09% 0.77% 1.24%
# Loans
% # Loans 0.31% 0.07% 0.09% 0.89% 1.36%
REO Balance 1,128,91 1,128,919
% Balance 0.00% 0.00% 0.00% 0.16% 0.16%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.19% 0.19%
TOTAL Balance 2,594,2 17,067,612 7,471,724 28,015,825 55,149,395.
% Balance 0.36% 2.41% 1.05% 3.96% 7.78%
# Loans
% # Loans 0.36% 2.72% 1.06% 4.39% 8.53%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
Delinquency Report - Fixed Group
<CAPTION>
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 7,923,74 2,769,069 944,3 11,637,168.
% Balance 2.20% 0.77% 0.26% 3.23%
# Loans
% # Loans 2.46% 0.92% 0.47% 3.85%
FORECLOSURE Balance 205, 166,9 65,7 7,073,89 7,512,260
% Balance 0.06% 0.05% 0.02% 1.96% 2.09%
# Loans
% # Loans 0.05% 0.05% 0.03% 2.10% 2.23%
BANKRUPTCY Balance 1,428,1 186,1 410,90 2,505,19 4,530,371
% Balance 0.40% 0.05% 0.11% 0.69% 1.25%
# Loans
% # Loans 0.35% 0.05% 0.12% 0.71% 1.23%
REO Balance - 816,5 816,50
% Balance 0.00% 0.00% 0.00% 0.23% 0.23%
# Loans -
% # Loans 0.00% 0.00% 0.00% 0.21% 0.21%
TOTAL Balance 1,633,8 8,276,82 3,245,673 11,339,937 24,496,301.
% Balance 0.46% 2.30% 0.90% 3.14% 6.80%
# Loans
% # Loans 0.40% 2.56% 1.07% 3.49% 7.52%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
Delinquency Report - Adjustable Group
<CAPTION>
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 8,282,39 3,308,405 1,019,54 12,610,343.
% Balance 2.39% 0.95% 0.29% 3.63%
# Loans
% # Loans 2.83% 0.87% 0.42% 4.12%
FORECLOSURE Balance 168, 208,7 675,82 12,369,794 13,422,516.
% Balance 0.05% 0.06% 0.19% 3.57% 3.87%
# Loans
% # Loans 0.05% 0.05% 0.13% 4.02% 4.25%
BANKRUPTCY Balance 792, 299,6 241,81 2,974,12 4,307,815
% Balance 0.23% 0.09% 0.07% 0.86% 1.25%
# Loans
% # Loans 0.26% 0.11% 0.05% 1.16% 1.58%
REO Balance 312,4 312,41
% Balance 0.00% 0.00% 0.00% 0.09% 0.09%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.16% 0.16%
TOTAL Balance 960, 8,790,78 4,226,050 16,675,887 30,653,094.
% Balance 0.28% 2.54% 1.21% 4.81% 8.84%
# Loans
% # Loans 0.31% 2.99% 1.05% 5.76% 10.11%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
Prepayment Report - Voluntary Prepayments
<CAPTION>
Voluntary Prepayments Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Current
Number of Paid in Full Loans 76 92 168
Number of Repurchased Loans
Total Number of Loans Prepaid in Full 76 92 168
Paid in Full Balance 6,431,880 5,249,91 11,681,796.
Repurchase Loans Balance
Curtailments Amount
Total Prepayment Amount 6,431,880 5,249,91 11,681,796.
Cumulative
Number of Paid in Full Loans 493 604 1097
Number of Repurchased Loans 1 3 4
Total Number of Loans Prepaid in Full 494 607 1101
Paid in Full Balance 50,309,176. 34,217,584 84,526,761.
Repurchased Loans Balance 5,5 134,0 139,62
Curtailments Amount (24,2 (7, (31,4
Total Prepayment Amount 50,290,549. 34,344,372 84,634,921.
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
Prepayment Report - Voluntary Prepayments
<CAPTION>
Voluntary Prepayment Rates Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
SMM 1.82% 1.43% 1.62%
3 Months Average SMM 2.06% 1.44% 1.74%
12 Months Average SMM
Average SMM Since Cut-Off 1.68% 1.13% 1.41%
CPR 19.78% 15.91% 17.83%
3 Months Average CPR 22.07% 15.97% 19.04%
12 Months Average CPR
Average CPR Since Cut-Off 18.42% 12.77% 15.62%
PSA 939.16% 769.57% 854.67%
3 Months Average PSA Approximation 1156.09% 854.51% 1007.70%
12 Months Average PSA Approximation
Average PSA Since Cut-Off Approximation 1291.98% 924.45% 1112.88%
</TABLE>
<TABLE>
Realized Loss Report - Collateral
<CAPTION>
Collateral Realized Losses Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Current
Number of Loan Liquidated
Collateral Realized Loss / (Gain) Amount
Net Liquidation Proceeds 109,59 109,59
Cumulative
Number of Loans Liquidated
Collateral Realized Loss / (Gain) Amount
Net Liquidation Proceeds 361,02 361,02
Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
Realized Loss Report - Collateral
<CAPTION>
Default Speeds Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
MDR 0.03% 0.00% 0.02%
3 Months Average MDR 0.03% 0.00% 0.01%
12 Months Average MDR
Average MDR Since Cut-Off 0.01% 0.00% 0.01%
CDR 0.37% 0.00% 0.18%
3 Months Average CDR 0.34% 0.00% 0.17%
12 Months Average CDR
Average CDR Since Cut-Off 0.15% 0.00% 0.07%
SDA 1.76% 0.00% 0.87%
3 Months Average SDA Approximation 1.76% 0.00% 0.88%
12 Months Average SDA Approximation
Average SDA Since Cut-Off Approximation 1.04% 0.00% 0.52%
Loss Severity Approximation for Current Period 0.00% 0.00%
3 Months Average Loss Severity Approximation 0.00% 0.00%
12 Months Average Loss Severity Approximation
Average Loss Severity Approximation Since Cut-Off 0.00% 0.00%
</TABLE>
<TABLE>
Triggers, Adj. Rate Cert. And Miscellaneous Report
<CAPTION>
Trigger Events Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Has Servicer Termination Loss Trigger Occurred? No
</TABLE>
<TABLE>
<CAPTION>
Adjustable Rate Certificate Information Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
Next Pass-Through Rates for Adjustable Rate Certificates
Class A-5 6.730000%
Class A-7 5.860000%
</TABLE>
<TABLE>
<CAPTION>
Additional Information Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
CLASS A-7 SUPPLEMENTAL INTEREST ACCOUNT
Class A-7 Supplemental Interest Amount
Class A-7 Supplemental Interest Shortfall Carry-Forward Amount
Class A-7 Supplemental Interest Shortfall Amount
Deposit to C1 A-7 Supp Int Acct (Class B Distribution)
Payment to Supplemental interest Right
Class A-7 Supplemental Interest Account Ending Balance
</TABLE>
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