|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: ADVANTA MORTGAGE LOAN TRUST 1999-1, 8-K, 1999-12-01 |
Next: AUSA ENDEAVOR TARGET ACCOUNT, 497, 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
(Date of earliest event reported)
IMH ASSETS CORP.
(Company)
(Issuer in Respect of
Impac CMB Trust Series 1999-1
Collateralized Asset-Backed Bonds,
Series 1999-1)
(Exact name of registrant as specified in charter)
California 333-60707 33-0705301
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
20371 Irvine Avenue
Santa Ana Heights, CA 92707
Registrant's Telephone Number, including area code (714) 556-0122
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the Trust
Fund formed, and the Collateralized Asset Backed Bonds Series
1999-1 issued pursuant to an Indenture, dated as of February 26,
1999 , by and among Impac CMB Trust, as sponsor, Impac Funding
Corporation, as master servicer, LaSalle Bank N.A., as indenture
trustee and REMIC administrator, and ABN AMRO Bank, N.A., as
fiscal agent. The Class A-1, Class A-2 have been registered
pursuant to the Act under a Registration Statement on Form S-3
(File No.333-60701) (the "Registration Statement").
Capitalized terms used herein and not defined herein
have the same meanings ascribed to such terms in the Pooling
and Servicing Agreement.
Pursuant to Section 8.14 of the Pooling and Servicing
Agreement, the Trustee is filing this Current Report containing
the October 25, 1999 monthly distribution report prepared by the
Trustee pursuant to Section 4.01 thereof.
This Current Report is being filed by the Trustee, in
its capacity as such under the Pooling and Servicing Agreement,
on behalf of the Registrant. The information reported and
contained herein has been supplied to the Trustee by one or
more of the Master Servicer or other third parties without
independent review or investigation by the Trustee. Pursuant
to the Pooling and Servicing Agreement, the Trustee is not
responsible for the accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99 Monthly distribution report pursuant to
Section 7.05 of the Indenture
for the distribution on November 26, 1999.
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto
duly authorized.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF MORTGAGE CAPTIAL
FUNDING, INC, REGISTRANT
By: /s Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: November 30, 1999
ABN AMRO
LaSalle National Bank
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4107
IMH Assets Corp.
Impac Funding Corporation as Master Servicer
Impac CMB Trust Series 1999-1
Collateralized Asset-Backed Bonds, Serices 1999-1
ABN AMRO Acct: 67-8103-90-4
Number Of Pages
Table Of Contents 1
Certificate Report 1
Other Related Information 4
Asset Backed Facts Sheets 3
Total Pages Included In This Pa 9
Realized Loss Detail Appendix C
Information is available for this issue from the
following sources
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (714) 282-5518
ASAP #: 391
Monthly Data File Name: Not Applicable or Available
Statement Date 11/26/99
Payment Date: 11/26/99
Prior Payment: 10/25/99
Record Date: 10/29/99
WAC: 9.95%
WAMM: 288
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 121,203,862.00 108,181,632.97
45254NAX5 1000.000000000 892.559289654
A-2 64,875,807.00 54,384,887.72
45254NAY3 1000.000000000 838.292273112
Trust Certific 0.00 0.00
9ABSC196 1000.000000000 0.000000000
186,079,669.00 162,566,520.69
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 2,621,232.03 0.00 0.00
45254NAX5 21.626637854 0.000000000 0.000000000
A-2 1,516,885.30 0.00 0.00
45254NAY3 23.381370809 0.000000000 0.000000000
Trust Certific 0.00 0.00 0.00
9ABSC196 0.000000000 0.000000000 0.000000000
4,138,117.33 0.00 0.00
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 105,560,400.94 558,577.83 0.00
45254NAX5 870.932651799 4.608581119 0.000000000
A-2 52,868,002.42 291,925.99 0.00
45254NAY3 814.910902303 4.499766608 0.000000000
Trust Certific 0.00 449,804.47 0.00
9ABSC196 0.000000000 2.417268219 0.000000000
158,428,403.36 1,300,308.29 0.00
Total P&I Payment 5,438,425.62
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 5.80875000%
45254NAX5 5.81641309%
A-2 6.03875000%
45254NAY3 6.22000000%
Trust Certificate
9ABSC196
Asset Backed Facts - Pool Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
11/26/99 370 15,267,310 34
15.70% 8.569% 1.44%
10/25/99 377 15,818,938 46
15.67% 8.686% 1.91%
09/27/99 38 1,964,200 17
1.55% 1.063% 0.69%
08/25/99 135 6,324,898 35
5.40% 3.350% 1.40%
07/26/99 139 8,560,782 32
5.46% 4.448% 1.26%
06/25/99 130 7,797,310 20
5.04% 3.993% 0.78%
05/25/99 18 739,599 15
0.69% 0.372% 0.57%
04/26/99 114 7,508,856 14
4.28% 3.737% 0.53%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Delinq 3+ Months
Date Balance # Balance
11/26/99 1,573,913 78 4,030,605
0.883% 3.31% 2.262%
10/25/99 2,054,942 69 3,631,095
1.128% 2.87% 1.994%
09/27/99 937,300 43 2,187,016
0.507% 1.75% 1.183%
08/25/99 2,015,368 45 2,169,238
1.067% 1.80% 1.149%
07/26/99 1,629,814 31 1,314,865
0.847% 1.22% 0.683%
06/25/99 1,018,957 25 1,091,409
0.522% 0.97% 0.559%
05/25/99 1,045,130 5 186,931
0.526% 0.19% 0.094%
04/26/99 818,023 11 408,294
0.407% 0.41% 0.203%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
11/26/99 0 0 0
0.00% 0.000% 0.00%
10/25/99 0 0 0
0.00% 0.000% 0.00%
09/27/99 0 0 0
0.00% 0.000% 0.00%
08/25/99 0 0 0
0.00% 0.000% 0.00%
07/26/99 0 0 0
0.00% 0.000% 0.00%
06/25/99 0 0 0
0.00% 0.000% 0.00%
05/25/99 0 0 0
0.00% 0.000% 0.00%
04/26/99 0 0 0
0.00% 0.000% 0.00%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Modifications
Date Balance # Balance
11/26/99 0 0 0
0.000% 0.00% 0.000%
10/25/99 0 0 0
0.000% 0.00% 0.000%
09/27/99 0 0 0
0.000% 0.00% 0.000%
08/25/99 0 0 0
0.000% 0.00% 0.000%
07/26/99 0 0 0
0.000% 0.00% 0.000%
06/25/99 1,612,686 0 0
0.826% 0.00% 0.000%
05/25/99 0 0 0
0.000% 0.00% 0.000%
04/26/99 0 0 0
0.000% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
11/26/99 49 3,864,173 9.9515%
2.08% 2.169% 0.00%
10/25/99 50 3,699,692 9.9333%
2.08% 2.032% 0.00%
09/27/99 46 2,433,116 9.9366%
1.88% 1.317% 0.00%
08/25/99 48 3,724,185 9.9405%
1.92% 1.972% 0.00%
07/26/99 47 3,336,009 9.9347%
1.85% 1.734% 0.00%
06/25/99 33 2,498,064 9.9105%
1.28% 1.279% 0.00%
05/25/99 44 3,244,331 9.8721%
1.68% 1.632% 0.00%
04/26/99 38 1,772,652 9.8472%
1.43% 0.882% 0.00%
03/25/99 13 351,115 9.8523%
0.49% 0.174% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
Distribution
Date Remit
11/26/99 9.1286%
0.000%
10/25/99 9.1143%
0.000%
09/27/99 9.1177%
0.000%
08/25/99 9.1220%
0.000%
07/26/99 9.1189%
0.000%
06/25/99 9.0945%
0.000%
05/25/99 9.0589%
0.000%
04/26/99 9.0339%
0.000%
03/25/99 9.0395%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
Asset Backed Facts - Group 1 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
11/26/99 18 2,669,151 3
3.04% 2.405% 0.51%
10/25/99 18 2,671,720 3
2.96% 2.356% 0.49%
09/27/99 4 622,623 2
0.64% 0.542% 0.32%
08/25/99 12 2,093,401 4
1.88% 1.781% 0.63%
07/26/99 25 4,530,391 4
3.83% 3.792% 0.61%
06/25/99 18 3,537,826 1
2.72% 2.925% 0.15%
05/25/99 0 0 2
0.00% 0.000% 0.30%
04/26/99 19 3,962,732 1
2.81% 3.204% 0.15%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Delinq 3+ Months
Date Balance # Balance
11/26/99 467,962 4 645,621
0.422% 0.68% 0.582%
10/25/99 468,398 4 646,105
0.413% 0.66% 0.570%
09/27/99 239,062 2 323,181
0.208% 0.32% 0.281%
08/25/99 744,131 2 323,417
0.633% 0.31% 0.275%
07/26/99 535,075 0 0
0.448% 0.00% 0.000%
06/25/99 263,761 0 0
0.218% 0.00% 0.000%
05/25/99 442,929 0 0
0.361% 0.00% 0.000%
04/26/99 205,096 0 0
0.166% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
11/26/99 0 0 0
0.00% 0.000% 0.00%
10/25/99 0 0 0
0.00% 0.000% 0.00%
09/27/99 0 0 0
0.00% 0.000% 0.00%
08/25/99 0 0 0
0.00% 0.000% 0.00%
07/26/99 0 0 0
0.00% 0.000% 0.00%
06/25/99 0 0 0
0.00% 0.000% 0.00%
05/25/99 0 0 0
0.00% 0.000% 0.00%
04/26/99 0 0 0
0.00% 0.000% 0.00%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Modifications
Date Balance # Balance
11/26/99 0 0 0
0.000% 0.00% 0.000%
10/25/99 0 0 0
0.000% 0.00% 0.000%
09/27/99 0 0 0
0.000% 0.00% 0.000%
08/25/99 0 0 0
0.000% 0.00% 0.000%
07/26/99 0 0 0
0.000% 0.00% 0.000%
06/25/99 0 0 0
0.000% 0.00% 0.000%
05/25/99 0 0 0
0.000% 0.00% 0.000%
04/26/99 0 0 0
0.000% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
11/26/99 14 2,505,685 7.5626%
2.36% 2.258% 0.00%
10/25/99 16 2,311,652 7.5346%
2.63% 2.039% 0.00%
09/27/99 16 1,422,548 7.5265%
2.56% 1.238% 0.00%
08/25/99 16 2,533,607 7.5399%
2.50% 2.156% 0.00%
07/26/99 12 1,840,597 7.5183%
1.84% 1.541% 0.00%
06/25/99 9 1,385,651 7.4627%
1.36% 1.146% 0.00%
05/25/99 11 1,771,378 7.3853%
1.64% 1.442% 0.00%
04/26/99 4 638,383 7.3197%
0.59% 0.516% 0.00%
03/25/99 2 227,422 7.3208%
0.29% 0.183% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
Distribution
Date Remit
11/26/99 6.7042%
0.000%
10/25/99 6.6824%
0.000%
09/27/99 6.6743%
0.000%
08/25/99 6.6885%
0.000%
07/26/99 6.6710%
0.000%
06/25/99 6.6148%
0.000%
05/25/99 6.5418%
0.000%
04/26/99 6.4758%
0.000%
03/25/99 6.4776%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
Asset Backed Facts - Group 2 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
11/26/99 352 12,598,159 31
19.95% 18.746% 1.76%
10/25/99 359 13,147,218 43
19.97% 19.128% 2.39%
09/27/99 34 1,341,576 15
1.86% 1.919% 0.82%
08/25/99 123 4,231,497 31
6.61% 5.936% 1.67%
07/26/99 114 4,030,391 28
6.02% 5.523% 1.48%
06/25/99 112 4,259,484 19
5.84% 5.732% 0.99%
05/25/99 18 739,599 13
0.92% 0.973% 0.67%
04/26/99 95 3,546,124 13
4.78% 4.590% 0.65%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Delinq 3+ Months
Date Balance # Balance
11/26/99 1,105,951 74 3,384,984
1.646% 4.20% 5.037%
10/25/99 1,586,545 65 2,984,990
2.308% 3.62% 4.343%
09/27/99 698,239 41 1,863,835
0.999% 2.24% 2.666%
08/25/99 1,271,237 43 1,845,821
1.783% 2.31% 2.589%
07/26/99 1,094,739 31 1,314,865
1.500% 1.64% 1.802%
06/25/99 755,196 25 1,091,409
1.016% 1.30% 1.469%
05/25/99 602,201 5 186,931
0.793% 0.26% 0.246%
04/26/99 612,927 11 408,294
0.793% 0.55% 0.528%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
11/26/99 0 0 0
0.00% 0.000% 0.00%
10/25/99 0 0 0
0.00% 0.000% 0.00%
09/27/99 0 0 0
0.00% 0.000% 0.00%
08/25/99 0 0 0
0.00% 0.000% 0.00%
07/26/99 0 0 0
0.00% 0.000% 0.00%
06/25/99 0 0 0
0.00% 0.000% 0.00%
05/25/99 0 0 0
0.00% 0.000% 0.00%
04/26/99 0 0 0
0.00% 0.000% 0.00%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Modifications
Date Balance # Balance
11/26/99 0 0 0
0.000% 0.00% 0.000%
10/25/99 0 0 0
0.000% 0.00% 0.000%
09/27/99 0 0 0
0.000% 0.00% 0.000%
08/25/99 0 0 0
0.000% 0.00% 0.000%
07/26/99 0 0 0
0.000% 0.00% 0.000%
06/25/99 0 0 0
0.000% 0.00% 0.000%
05/25/99 0 0 0
0.000% 0.00% 0.000%
04/26/99 0 0 0
0.000% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
11/26/99 35 1,358,488 13.8961%
1.98% 2.021% 0.00%
10/25/99 34 1,388,040 13.8902%
1.89% 2.020% 0.00%
09/27/99 30 1,010,568 13.8978%
1.64% 1.446% 0.00%
08/25/99 32 1,190,578 13.8982%
1.72% 1.670% 0.00%
07/26/99 35 1,495,412 13.8905%
1.85% 2.049% 0.00%
06/25/99 24 1,112,413 13.8947%
1.25% 1.497% 0.00%
05/25/99 33 1,472,953 13.8929%
1.69% 1.939% 0.00%
04/26/99 34 1,134,270 13.8925%
1.71% 1.468% 0.00%
03/25/99 11 123,692 13.8923%
0.55% 0.159% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
Distribution
Date Remit
11/26/99 13.1319%
0.000%
10/25/99 13.1260%
0.000%
09/27/99 13.1336%
0.000%
08/25/99 13.1340%
0.000%
07/26/99 13.1263%
0.000%
06/25/99 13.1305%
0.000%
05/25/99 13.1287%
0.000%
04/26/99 13.1283%
0.000%
03/25/99 13.1281%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00
Realized Loss Detail
Dist. Disclosure Appraisal Appraisal
Date Control # Date Value
06/25/99 1100183657NA NA
06/25/99 1800000233NA NA
05/25/99 1100160647NA NA
05/25/99 1800017515NA NA
07/26/99 1800017772NA NA
07/26/99 1800015953NA NA
08/25/99 1800015964NA NA
09/27/99 1100171074NA NA
09/27/99 1800000768NA NA
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
Current Total
Cumulative
Aggregate liquidation expenses also include outstanding P&I advances
and unpaid servicing fees, unpaid trustee fees, etc..
Beginning Gross Proceeds
Dist. Scheduled Gross as a % of
Date Balance Proceeds Sched Principal
06/25/99 25,000.00 0.00 0.000%
06/25/99 30,426.55 0.00 0.000%
05/25/99 49,887.46 21,864.25 43.827%
05/25/99 43,851.26 0.00 0.000%
07/26/99 62,903.81 0.00 0.000%
07/26/99 47,261.60 0.00 0.000%
08/25/99 32,594.08 0.00 0.000%
09/27/99 49,777.41 33,422.00 67.143%
09/27/99 26,020.04 15,608.65 59.987%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
Current Total 0.00
Cumulative 70,894.90
Aggregate Net Net Proceeds
Dist. Liquidation Liquidation as a % of
Date Expenses * Proceeds Sched. Balance
06/25/99 1,506.10 -1,506.100 -6.024%
06/25/99 2,120.00 -2,120.000 -6.968%
05/25/99 2,962.36 18,901.890 37.889%
05/25/99 2,408.80 -2,408.800 -5.493%
07/26/99 3,069.00 -3,069.000 -4.879%
07/26/99 2,934.90 -2,934.900 -6.210%
08/25/99 964.63 -964.630 -2.960%
09/27/99 1,344.37 32,077.630 64.442%
09/27/99 1,193.95 14,414.700 55.398%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
Current To 0.00 0.000
Cumulative 18,504.11 52,390.790
Dist. Realized
Date Loss
06/25/99 26,506.10
06/25/99 32,546.55
05/25/99 30,985.57
05/25/99 46,260.06
07/26/99 65,972.81
07/26/99 50,196.50
08/25/99 33,558.71
09/27/99 17,699.78
09/27/99 11,605.34
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
Current To 0.00
Cumulative 315,331.42
Other Related Information
Pool Summary Information
Component
ARM Loans Aggregate Amount of Collections
3,242,522.25
HIGH LTV Loans Aggregate Amount of Collections
2,229,716.96
ARM Pool Available Funds
3,227,134.38
HIGH LTV Pool Available Funds
2,211,291.24
ARM Pool Net Monthly Excess Cashflows
47,324.52
HIGH LTV Pool Net Monthly Excess Cashflows
425,882.44
Arm Pool Basis Risk Shortfall Carry Forward Amt. On A-1
0.00
High LTV Pool Basis Risk Shortfall Carry Forward Amt. O
0.00
Agg. Unpaid Int. Shortfall on A-1 Bonds for prior payme
0.00
Agg. Unpaid Int. Shortfall on A-2 Bonds for prior payme
0.00
Aggregate Principal Prepayment Amount on the Class A-1
2,505,684.56
Aggregate Principal Prepayment Amount on the Class A-2
1,331,792.56
Ending Aggregate Principal Balance of Mortgage Loans
174,038,032.97
Ending Loan Count
2307
Principal
Adjustable Loan Pool Scheduled Principal Balance
86,801.36
High LTV Loan Pool Scheduled Principal Balance
80,492.41
Adjustable Loan Pool Unscheduled Principal Balance
2,534,430.67
High LTV Loan Pool Unscheduled Principal Balance
1,412,990.40
Aggregate Pool Scheduled Principal Balance
167,293.77
Aggregate Pool Unscheduled Principal Balance
3,947,421.07
Other Principal Proceeds
13,662.48
Shortfalls
Class A-1 Bond Shortfalls
0.00
Class A-2 Bond Shortfalls
0.00
Insured Amounts
Current Insured amt Paid by Bond Insurer under Bond Ins
0.00
Agg. Insured amt Paid by Bond Insurer under Bond Ins. P
0.00
Over Collateralization and Net Monthly Excess Cashflows
ARM Pool Required Overcollateralization Amount
2,789,858.72
HIGH LTV Pool Required Overcollateralization Amount
12,819,770.56
ARM Pool Overcollateralization Amount
2,789,859.05
HIGH LTV Pool Overcollateralization Amount
12,819,770.56
ARM Pool Net Monthly Excess Cashflow
47,324.52
HIGH LTV Pool Net Monthly Excess Cashflow
402,479.95
ARM Pool Excess Overcollateralization Amount
0.33
HIGH LTV Pool Excess Overcollateralization Amount
0.00
High LTV and ARM Ending Balance and Count
High LTV Ending Balance
65,687,772.98
Arm Ending Balance
108,350,259.99
High LTV Ending Count
1729
Arm Ending Count
578
Reserve Fund
ARM Pool Reserve Fund Addition
0.00
HIGH LTV Pool Reserve Fund Addition
0.00
Reserve Fund Release Amount
0.00
Reserve Fund Certificate Payment Amount
0.00
Advances and Compensating Interest
Principal Advances
73,961.44
Interest Advances
710,217.47
Compensating Interest Payments
0.00
Realized Losses
Current Period Total Realized Losses
23,402.49
Aggregate Total Realized Losses
419,856.34
Class A-1 Current Period Realized Losses
0.00
Class A-2 Current Period Realized Losses
23,402.49
Class A-1 Aggregate Realized Losses
0.00
Class A-2 Aggregate Realized Losses
419,856.34
Repurchases
Current Repurchase Balance
0.00
Prior Aggregate Repurchase Balance
34,502.00
Aggregate Repurchase Balance
34,502.00
Number of Current Repurchased Loans
0.00
Prior Aggregate Number of Repurchased Loans
1.00
Aggregate Number of Repurchased Loans
1.00
Miscellaneous
Book Value of any REO Property
0.00
Amount of Prepayment Interest Shortfall for Current Per
8,697.45
Relief Act Shortfalls for Current Period
0.00
Agg. Prin. Bal of Defaulted or Converted Mtg. Loans
0.00
_
|
|