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Previous: ALLOY ONLINE INC, SC 13D, EX-7.1, 2000-07-28 |
Next: ARENA PHARMACEUTICALS INC, 424B4, 2000-07-28 |
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: July 25, 2000
(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 July 25, 2000 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
100 to
Section 7.05 of the Indenture
for the distribution on July 25, 2000.
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: July 25, 2000
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 07/25/00
Payment Date: 07/25/00
Prior Payment: 06/26/00
Record Date: 06/30/00
WAC: 10.07%
WAMM: 280
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 121,203,862.00 85,142,576.58
45254NAX5 1000.000000000 702.474122318
A-2 64,875,807.00 41,860,019.33
45254NAY3 1000.000000000 645.233119489
Trust Certific 0.00 0.00
9ABSC196 1000.000000000 0.000000000
186,079,669.00 127,002,595.91
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 2,260,702.65 0.00 0.00
45254NAX5 18.652067786 0.000000000 0.000000000
A-2 1,225,815.56 0.00 0.00
45254NAY3 18.894802495 0.000000000 0.000000000
Trust Certific 0.00 0.00 0.00
9ABSC196 0.000000000 0.000000000 0.000000000
0.00
0.000000000
0.00
0.000000000
3,486,518.21 0.00 0.00
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 82,881,873.93 584,443.38 103,537.79
45254NAX5 683.822054532 4.821986448 0.854244974
A-2 40,634,203.77 245,527.91 0.00
45254NAY3 626.338316994 3.784583520 0.000000000
Trust Certific 0.00 23,033.44 23,033.44
9ABSC196 0.000000000 0.123782679 0.123782679
0.00 0.00
0.000000000
0.00 0.00
0.000000000
0.00
123,516,077.70 853,004.73 126,571.23
Total P&I Payment 4,339,522.94
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 7.01160663%
45254NAX5 7.01160663%
A-2 7.28125000%
45254NAY3 7.25000000%
Trust Certificate
9ABSC196
Asset Backed Facts - Pool Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
07/25/00 129 6,869,367 24
6.79% 4.890% 1.26%
06/26/00 111 6,747,442 28
5.69% 4.637% 1.44%
05/25/00 743 29,379,372 86
37.04% 19.510% 4.29%
04/25/00 110 5,653,510 26
5.35% 3.671% 1.27%
03/27/00 118 7,831,352 25
5.61% 4.932% 1.19%
02/25/00 94 3,774,208 39
4.29% 2.284% 1.78%
01/25/00 130 6,930,652 40
5.75% 4.063% 1.77%
12/27/99 144 8,613,005 36
6.24% 4.949% 1.56%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
07/25/00 1,530,005 41 2,881,957
1.089% 2.16% 2.052%
06/26/00 2,215,457 41 2,617,355
1.523% 2.10% 1.799%
05/25/00 3,773,643 55 2,948,815
2.506% 2.74% 1.958%
04/25/00 2,794,406 53 2,367,363
1.814% 2.58% 1.537%
03/27/00 1,412,416 52 2,289,112
0.889% 2.47% 1.442%
02/25/00 1,711,209 52 2,465,001
1.036% 2.37% 1.492%
01/25/00 2,572,741 87 4,278,262
1.508% 3.85% 2.508%
12/27/99 1,592,717 78 3,970,777
0.915% 3.38% 2.282%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
07/25/00 15 768,907 1
0.79% 0.547% 0.05%
06/26/00 18 936,367 1
0.92% 0.644% 0.05%
05/25/00 21 1,181,698 1
1.05% 0.785% 0.05%
04/25/00 27 1,366,529 1
1.31% 0.887% 0.05%
03/27/00 29 1,518,276 1
1.38% 0.956% 0.05%
02/25/00 0 0 0
0.00% 0.000% 0.00%
01/25/00 0 0 0
0.00% 0.000% 0.00%
12/27/99 0 0 0
0.00% 0.000% 0.00%
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%
Distribution Modifications
Date Balance # Balance
07/25/00 148,455 0 0
0.106% 0.00% 0.000%
06/26/00 148,559 0 0
0.102% 0.00% 0.000%
05/25/00 148,661 0 0
0.099% 0.00% 0.000%
04/25/00 148,763 0 0
0.097% 0.00% 0.000%
03/27/00 148,864 0 0
0.094% 0.00% 0.000%
02/25/00 0 0 0
0.000% 0.00% 0.000%
01/25/00 0 0 0
0.000% 0.00% 0.000%
12/27/99 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
07/25/00 42 3,220,775 10.0714%
2.21% 2.293% 0.00%
06/26/00 51 4,807,917 10.0142%
2.62% 3.304% 0.00%
05/25/00 56 4,855,808 9.9805%
2.79% 3.225% 0.00%
04/25/00 49 3,191,649 9.9827%
2.38% 2.072% 0.00%
03/27/00 48 4,574,514 9.9686%
2.28% 2.881% 0.00%
02/25/00 88 6,180,717 10.0128%
4.02% 3.741% 0.00%
01/25/00 69 5,100,084 10.0195%
3.05% 2.990% 0.00%
12/27/99 47 3,216,357 9.9926%
2.04% 1.848% 0.00%
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%
Distribution
Date Remit
07/25/00 9.2390%
0.000%
06/26/00 9.1833%
0.000%
05/25/00 9.1528%
0.000%
04/25/00 9.1562%
0.000%
03/27/00 9.1405%
0.000%
02/25/00 9.1854%
0.000%
01/25/00 9.1931%
0.000%
12/27/99 9.1685%
0.000%
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%
Asset Backed Facts - Group 1 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
07/25/00 19 3,113,343 5
4.02% 3.541% 1.06%
06/26/00 19 3,400,083 8
3.88% 3.708% 1.63%
05/25/00 22 3,549,629 4
4.37% 3.731% 0.79%
04/25/00 13 2,101,087 10
2.53% 2.171% 1.95%
03/27/00 27 4,584,887 3
5.09% 4.570% 0.57%
02/25/00 3 650,633 3
0.55% 0.629% 0.55%
01/25/00 18 3,100,316 8
3.20% 2.914% 1.42%
12/27/99 26 4,605,649 2
4.50% 4.251% 0.35%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
07/25/00 862,574 9 1,628,212
0.981% 1.90% 1.852%
06/26/00 1,424,686 8 1,455,476
1.554% 1.63% 1.587%
05/25/00 675,561 7 1,355,685
0.710% 1.39% 1.425%
04/25/00 2,299,729 5 729,003
2.377% 0.97% 0.753%
03/27/00 650,151 3 467,073
0.648% 0.57% 0.466%
02/25/00 389,105 4 644,151
0.376% 0.73% 0.623%
01/25/00 1,370,052 4 644,644
1.288% 0.71% 0.606%
12/27/99 303,355 4 645,134
0.280% 0.69% 0.595%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
07/25/00 3 308,673 1
0.63% 0.351% 0.21%
06/26/00 4 421,252 1
0.82% 0.459% 0.20%
05/25/00 5 594,264 1
0.99% 0.625% 0.20%
04/25/00 5 594,676 1
0.97% 0.615% 0.19%
03/27/00 5 595,086 1
0.94% 0.593% 0.19%
02/25/00 0 0 0
0.00% 0.000% 0.00%
01/25/00 0 0 0
0.00% 0.000% 0.00%
12/27/99 0 0 0
0.00% 0.000% 0.00%
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%
Distribution Modifications
Date Balance # Balance
07/25/00 148,455 0 0
0.169% 0.00% 0.000%
06/26/00 148,559 0 0
0.162% 0.00% 0.000%
05/25/00 148,661 0 0
0.156% 0.00% 0.000%
04/25/00 148,763 0 0
0.154% 0.00% 0.000%
03/27/00 148,864 0 0
0.148% 0.00% 0.000%
02/25/00 0 0 0
0.000% 0.00% 0.000%
01/25/00 0 0 0
0.000% 0.00% 0.000%
12/27/99 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
07/25/00 12 2,178,352 7.7736%
2.54% 2.477% 0.00%
06/26/00 17 3,690,436 7.7271%
3.47% 4.024% 0.00%
05/25/00 14 3,337,556 7.6876%
2.78% 3.509% 0.00%
04/25/00 9 1,546,213 7.6601%
1.75% 1.598% 0.00%
03/27/00 17 3,466,029 7.6720%
3.21% 3.455% 0.00%
02/25/00 17 3,021,875 7.6870%
3.11% 2.922% 0.00%
01/25/00 16 2,875,073 7.6767%
2.84% 2.702% 0.00%
12/27/99 15 1,847,932 7.6255%
2.60% 1.706% 0.00%
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%
Distribution
Date Remit
07/25/00 6.9004%
0.000%
06/26/00 6.8571%
0.000%
05/25/00 6.8229%
0.000%
04/25/00 6.7967%
0.000%
03/27/00 6.8068%
0.000%
02/25/00 6.8217%
0.000%
01/25/00 6.8127%
0.000%
12/27/99 6.7650%
0.000%
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%
Asset Backed Facts - Group 2 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
07/25/00 110 3,756,023 19
7.71% 7.150% 1.33%
06/26/00 92 3,347,359 20
6.30% 6.222% 1.37%
05/25/00 721 25,829,743 82
48.00% 46.577% 5.46%
04/25/00 97 3,552,423 16
6.29% 6.205% 1.04%
03/27/00 91 3,246,465 22
5.79% 5.551% 1.40%
02/25/00 91 3,123,575 36
5.54% 5.054% 2.19%
01/25/00 112 3,830,336 32
6.60% 5.968% 1.89%
12/27/99 118 4,007,356 34
6.82% 6.101% 1.97%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
07/25/00 667,431 32 1,253,745
1.270% 2.24% 2.387%
06/26/00 790,771 33 1,161,879
1.470% 2.26% 2.160%
05/25/00 3,098,082 48 1,593,130
5.587% 3.20% 2.873%
04/25/00 494,677 48 1,638,361
0.864% 3.11% 2.862%
03/27/00 762,265 49 1,822,039
1.303% 3.12% 3.116%
02/25/00 1,322,104 48 1,820,850
2.139% 2.92% 2.946%
01/25/00 1,202,689 83 3,633,618
1.874% 4.89% 5.661%
12/27/99 1,289,362 74 3,325,642
1.963% 4.28% 5.063%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
07/25/00 12 460,235 0
0.84% 0.876% 0.00%
06/26/00 14 515,115 0
0.96% 0.957% 0.00%
05/25/00 16 587,434 0
1.07% 1.059% 0.00%
04/25/00 22 771,852 0
1.43% 1.348% 0.00%
03/27/00 24 923,190 0
1.53% 1.579% 0.00%
02/25/00 0 0 0
0.00% 0.000% 0.00%
01/25/00 0 0 0
0.00% 0.000% 0.00%
12/27/99 0 0 0
0.00% 0.000% 0.00%
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%
Distribution Modifications
Date Balance # Balance
07/25/00 0 0 0
0.000% 0.00% 0.000%
06/26/00 0 0 0
0.000% 0.00% 0.000%
05/25/00 0 0 0
0.000% 0.00% 0.000%
04/25/00 0 0 0
0.000% 0.00% 0.000%
03/27/00 0 0 0
0.000% 0.00% 0.000%
02/25/00 0 0 0
0.000% 0.00% 0.000%
01/25/00 0 0 0
0.000% 0.00% 0.000%
12/27/99 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
07/25/00 30 1,042,423 13.9176%
2.10% 1.984% 0.00%
06/26/00 34 1,117,481 13.9125%
2.33% 2.077% 0.00%
05/25/00 42 1,518,252 13.9137%
2.80% 2.738% 0.00%
04/25/00 40 1,645,435 13.9082%
2.59% 2.874% 0.00%
03/27/00 31 1,108,485 13.9079%
1.97% 1.895% 0.00%
02/25/00 71 3,158,842 13.9052%
4.32% 5.111% 0.00%
01/25/00 53 2,225,011 13.9034%
3.12% 3.467% 0.00%
12/27/99 32 1,368,425 13.8971%
1.85% 2.083% 0.00%
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%
Distribution
Date Remit
07/25/00 13.1534%
0.000%
06/26/00 13.1483%
0.000%
05/25/00 13.1495%
0.000%
04/25/00 13.1440%
0.000%
03/27/00 13.1437%
0.000%
02/25/00 13.1410%
0.000%
01/25/00 13.1392%
0.000%
12/27/99 13.1329%
0.000%
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%
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
10/25/99 1800017859NA NA
10/25/99 1800015215NA NA
11/26/99 1800004813NA NA
01/25/00 1100195365NA NA
01/25/00 1900000475NA NA
01/25/00 1800003449NA NA
01/25/00 1800007381NA NA
01/25/00 1800015493NA NA
01/25/00 1800018674NA NA
01/25/00 1800008131NA NA
01/25/00 1800017480NA NA
02/25/00 1100160302NA NA
02/25/00 1100161274NA NA
02/25/00 1100164553NA NA
02/25/00 1100164558NA NA
02/25/00 1100164610NA NA
02/25/00 1100169869NA NA
02/25/00 1100170356NA NA
02/25/00 1100170566NA NA
02/25/00 1100170825NA NA
02/25/00 1100181479NA NA
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 26,506.10 106.024%
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 33,484.21 67.268%
09/27/99 26,020.04 15,608.65 59.987%
10/25/99 43,453.52 0.00 0.000%
10/25/99 54,226.18 0.00 0.000%
11/26/99 26,695.74 4,668.00 17.486%
01/25/00 50,240.79 2,663.79 5.302%
01/25/00 52,935.26 0.00 0.000%
01/25/00 16,626.72 0.00 0.000%
01/25/00 51,445.17 0.00 0.000%
01/25/00 22,956.00 0.00 0.000%
01/25/00 49,394.62 0.00 0.000%
01/25/00 21,461.75 10,124.28 47.174%
01/25/00 33,611.82 18,751.32 55.788%
02/25/00 28,647.63 0.00 0.000%
02/25/00 47,739.70 0.00 0.000%
02/25/00 24,483.39 0.00 0.000%
02/25/00 56,866.06 0.00 0.000%
02/25/00 59,705.90 0.00 0.000%
02/25/00 39,823.26 0.00 0.000%
02/25/00 65,565.22 0.00 0.000%
02/25/00 16,508.94 0.00 0.000%
02/25/00 29,613.71 0.00 0.000%
02/25/00 99,311.65 0.00 0.000%
Current Total 0.00
Cumulative 133,670.60
Aggregate Net Net Proceeds
Dist. Liquidation Liquidation as a % of
Date Expenses * Proceeds Sched. Balance
06/25/99 1,506.10 25,000.000 100.000%
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 32,139.840 64.567%
09/27/99 1,193.95 14,414.700 55.398%
10/25/99 4,919.85 -4,919.850 -11.322%
10/25/99 5,091.19 -5,091.190 -9.389%
11/26/99 1,374.75 3,293.250 12.336%
01/25/00 5,055.67 -2,391.880 -4.761%
01/25/00 4,861.82 -4,861.820 -9.184%
01/25/00 1,539.36 -1,539.360 -9.258%
01/25/00 3,972.00 -3,972.000 -7.721%
01/25/00 1,951.72 -1,951.720 -8.502%
01/25/00 6,112.59 -6,112.590 -12.375%
01/25/00 1,096.13 9,028.150 42.066%
01/25/00 1,248.50 17,502.820 52.073%
02/25/00 2,479.89 -2,479.890 -8.657%
02/25/00 4,280.58 -4,280.580 -8.966%
02/25/00 2,633.67 -2,633.670 -10.757%
02/25/00 9,258.64 -9,258.640 -16.281%
02/25/00 5,016.99 -5,016.990 -8.403%
02/25/00 4,970.26 -4,970.260 -12.481%
02/25/00 6,702.30 -6,702.300 -10.222%
02/25/00 1,887.37 -1,887.370 -11.432%
02/25/00 3,374.66 -3,374.660 -11.396%
02/25/00 11,007.50 -11,007.500 -11.084%
Current To 0.00 0.000
Cumulative 107,339.55 26,331.050
Dist. Realized
Date Loss
06/25/99 0.00
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 17,637.57
09/27/99 11,605.34
10/25/99 48,373.37
10/25/99 59,317.37
11/26/99 23,402.49
01/25/00 52,632.67
01/25/00 57,797.08
01/25/00 18,166.08
01/25/00 55,417.17
01/25/00 24,907.72
01/25/00 55,507.21
01/25/00 12,433.60
01/25/00 16,109.00
02/25/00 31,127.52
02/25/00 52,020.28
02/25/00 27,117.06
02/25/00 66,124.70
02/25/00 64,722.89
02/25/00 44,793.52
02/25/00 72,267.52
02/25/00 18,396.31
02/25/00 32,988.37
02/25/00 110,319.15
Current To 0.00
Cumulative 1,232,704.19
Other Related Information
Pool Summary Information
Component
ARM Loans Aggregate Amount of Collections 2,766,818.96
HIGH LTV Loans Aggregate Amount of Collections 1,485,608.99
ARM Pool Available Funds 2,754,724.13
HIGH LTV Pool Available Funds 1,471,343.47
ARM Pool Net Monthly Excess Cashflows 38,526.86
HIGH LTV Pool Net Monthly Excess Cashflows 297,403.52
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 2,065,945.42
Aggregate Principal Prepayment Amount on the Class A-2 800,293.64
Ending Aggregate Principal Balance of Mortgage Loans 137,035,080.38
Ending Loan Count 1857
Principal
Adjustable Loan Pool Scheduled Principal Balance 71,006.05
High LTV Loan Pool Scheduled Principal Balance 75,026.17
Adjustable Loan Pool Unscheduled Principal Balance 2,164,285.63
High LTV Loan Pool Unscheduled Principal Balance 853,385.87
Aggregate Pool Scheduled Principal Balance 146,032.22
Aggregate Pool Unscheduled Principal Balance 3,017,671.50
Other Principal Proceeds 18,618.25
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 2,789,858.72
HIGH LTV Pool Overcollateralization Amount 10,729,143.96
ARM Pool Net Monthly Excess Cashflow 22,688.20
HIGH LTV Pool Net Monthly Excess Cashflow 0.00
ARM Pool Excess Overcollateralization Amount 0.00
HIGH LTV Pool Excess Overcollateralization Amount 0.00
High LTV and ARM Ending Balance and Count
High LTV Ending Balance 51,363,347.73
Arm Ending Balance 85,671,732.65
High LTV Ending Count 1396
Arm Ending Count 461
Reserve Fund
ARM Pool Reserve Fund Addition 22,688.20
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 59,991.86
Interest Advances 578,441.87
Compensating Interest Payments 0.00
Realized Losses
Current Period Total Realized Losses 286,799.32
Aggregate Total Realized Losses 4,913,804.71
Class A-1 Current Period Realized Losses 25,410.97
Class A-2 Current Period Realized Losses 261,388.35
Class A-1 Aggregate Realized Losses 42,973.89
Class A-2 Aggregate Realized Losses 4,870,830.82
Repurchases
Current Repurchase Balance 0.00
Prior Aggregate Repurchase Balance 0.00
Aggregate Repurchase Balance 0.00
Number of Current Repurchased Loans 0.00
Prior Aggregate Number of Repurchased Loans 0.00
Aggregate Number of Repurchased Loans 0.00
Miscellaneous
Book Value of any REO Property 0.00
Amount of Prepayment Interest Shortfall for Current Per 0.00
Relief Act Shortfalls for Current Period 0.00
Agg. Prin. Bal of Defaulted or Converted Mtg. Loans 0.00
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