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Previous: CYPRESS INTERNATIONAL INC, 10SB12B, EX-23, 2001-01-09 |
Next: NATIONSLINK FUNDING CORP 1999-LTL-1 COMMER LOAN PAS THR CER, 8-K, 2001-01-09 |
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: December 26, 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 December 26, 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 to
Section 7.05 of the Indenture
for the distribution on December 26, 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: December 26, 2000
ABN AMRO
LaSalle National Bank
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4159
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 5
Asset Backed Facts Sheets 3
Total Pages Included In This Pa 10
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: IMH99001_200012_3.EXE
Statement Date 12/26/00
Payment Date: 12/26/00
Prior Payment: 11/27/00
Record Date: 11/30/00
WAC: 10.55%
WAMM: 272
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 121,203,862.00 72,951,357.60
45254NAX5 1000.000000000 601.889712062
A-2 64,875,807.00 35,708,042.54
45254NAY3 1000.000000000 550.406140458
Trust Certific 0.00 0.00
9ABSC196 1000.000000000 0.000000000
186,079,669.00 108,659,400.14
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 5,038,489.34 0.00 0.00
45254NAX5 41.570369598 0.000000000 0.000000000
A-2 1,538,725.73 0.00 0.00
45254NAY3 23.718020648 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
6,577,215.07 0.00 0.00
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 67,912,868.26 412,393.01 0.00
45254NAX5 560.319342465 3.402474172 0.000000000
A-2 34,169,316.81 208,472.98 0.00
45254NAY3 526.688119810 3.213416366 0.000000000
Trust Certific 0.00 0.00 0.00
9ABSC196 0.000000000 0.000000000 0.000000000
0.00 0.00
0.000000000
0.00 0.00
0.000000000
0.00
102,082,185.07 620,865.99
0.00
Total P&I Payment 7,198,081.06
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 7.01750000%
45254NAX5 7.04750000%
A-2 7.24750000%
45254NAY3 7.27750000%
Trust Certificate
9ABSC196
Asset Backed Facts - Pool Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
12/26/00 53 4,171,050 23
3.15% 3.408% 1.37%
11/27/00 60 3,739,364 22
3.45% 2.913% 1.27%
10/25/00 123 7,076,693 33
6.95% 5.411% 1.86%
09/25/00 130 6,974,816 25
7.16% 5.194% 1.38%
08/25/00 119 6,320,983 29
6.41% 4.613% 1.56%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
12/26/00 1,459,127 59 3,536,689
1.192% 3.51% 2.889%
11/27/00 880,209 39 1,751,753
0.686% 2.25% 1.365%
10/25/00 2,015,609 45 3,262,392
1.541% 2.54% 2.495%
09/25/00 1,184,018 41 3,138,293
0.882% 2.26% 2.337%
08/25/00 2,325,380 37 2,857,620
1.697% 1.99% 2.085%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
12/26/00 76 3,890,755 2
4.52% 3.179% 0.12%
11/27/00 87 4,940,837 1
5.01% 3.849% 0.06%
10/25/00 11 625,521 0
0.62% 0.478% 0.00%
09/25/00 12 653,335 0
0.66% 0.486% 0.00%
08/25/00 13 688,075 1
0.70% 0.502% 0.05%
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%
Distribution Modifications
Date Balance # Balance
12/26/00 332,029 0 0
0.271% 0.00% 0.000%
11/27/00 182,096 0 0
0.142% 0.00% 0.000%
10/25/00 0 0 0
0.000% 0.00% 0.000%
09/25/00 0 0 0
0.000% 0.00% 0.000%
08/25/00 148,351 0 0
0.108% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
12/26/00 63 6,007,046 10.5481%
3.75% 4.908% 0.00%
11/27/00 55 5,761,335 10.1336%
3.17% 4.488% 0.00%
10/25/00 33 2,217,733 10.0607%
1.86% 1.696% 0.00%
09/25/00 45 3,325,227 10.0734%
2.48% 2.476% 0.00%
08/25/00 42 2,526,642 10.0879%
2.26% 1.844% 0.00%
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%
Distribution
Date Remit
12/26/00 9.7103%
0.000%
11/27/00 9.2977%
0.000%
10/25/00 9.2259%
0.000%
09/25/00 9.2387%
0.000%
08/25/00 9.2536%
0.000%
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%
Asset Backed Facts - Group 1 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
12/26/00 15 2,969,960 4
3.68% 3.921% 0.98%
11/27/00 11 2,085,740 1
2.54% 2.590% 0.23%
10/25/00 20 3,656,641 7
4.52% 4.458% 1.58%
09/25/00 20 3,394,243 2
4.42% 4.033% 0.44%
08/25/00 18 3,014,391 8
3.90% 3.519% 1.74%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
12/26/00 786,046 12 1,953,247
1.038% 2.94% 2.579%
11/27/00 192,973 3 474,188
0.240% 0.69% 0.589%
10/25/00 1,173,681 11 1,908,681
1.431% 2.49% 2.327%
09/25/00 368,866 11 1,960,467
0.438% 2.43% 2.329%
08/25/00 1,461,617 11 1,908,219
1.706% 2.39% 2.227%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
12/26/00 5 818,640 0
1.23% 1.081% 0.00%
11/27/00 14 2,382,513 1
3.23% 2.959% 0.23%
10/25/00 3 308,146 0
0.68% 0.376% 0.00%
09/25/00 3 308,323 0
0.66% 0.366% 0.00%
08/25/00 3 308,498 1
0.65% 0.360% 0.22%
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%
Distribution Modifications
Date Balance # Balance
12/26/00 0 0 0
0.000% 0.00% 0.000%
11/27/00 182,096 0 0
0.226% 0.00% 0.000%
10/25/00 0 0 0
0.000% 0.00% 0.000%
09/25/00 0 0 0
0.000% 0.00% 0.000%
08/25/00 148,351 0 0
0.173% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
12/26/00 30 4,979,238 8.4800%
7.35% 6.574% 0.00%
11/27/00 25 4,713,936 7.8898%
5.77% 5.854% 0.00%
10/25/00 9 1,411,942 7.7725%
2.04% 1.722% 0.00%
09/25/00 10 2,063,990 7.7876%
2.21% 2.453% 0.00%
08/25/00 9 1,435,243 7.7927%
1.95% 1.675% 0.00%
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%
Distribution
Date Remit
12/26/00 7.5968%
0.000%
11/27/00 7.0113%
0.000%
10/25/00 6.8957%
0.000%
09/25/00 6.9108%
0.000%
08/25/00 6.9165%
0.000%
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%
Asset Backed Facts - Group 2 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
12/26/00 38 1,201,090 19
2.98% 2.574% 1.49%
11/27/00 49 1,653,624 21
3.76% 3.457% 1.61%
10/25/00 103 3,420,053 26
7.76% 7.015% 1.96%
09/25/00 110 3,580,573 23
8.07% 7.142% 1.69%
08/25/00 101 3,306,592 21
7.23% 6.438% 1.50%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
12/26/00 673,081 47 1,583,442
1.443% 3.69% 3.394%
11/27/00 687,237 36 1,277,565
1.437% 2.76% 2.671%
10/25/00 841,929 34 1,353,711
1.727% 2.56% 2.777%
09/25/00 815,152 30 1,177,826
1.626% 2.20% 2.349%
08/25/00 863,764 26 949,401
1.682% 1.86% 1.848%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
12/26/00 72 2,517,516 0
5.65% 5.396% 0.00%
11/27/00 73 2,558,324 0
5.60% 5.349% 0.00%
10/25/00 8 317,374 0
0.60% 0.651% 0.00%
09/25/00 9 345,012 0
0.66% 0.688% 0.00%
08/25/00 10 379,577 0
0.72% 0.739% 0.00%
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%
Distribution Modifications
Date Balance # Balance
12/26/00 0 0 0
0.000% 0.00% 0.000%
11/27/00 0 0 0
0.000% 0.00% 0.000%
10/25/00 0 0 0
0.000% 0.00% 0.000%
09/25/00 0 0 0
0.000% 0.00% 0.000%
08/25/00 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
12/26/00 33 1,027,808 13.9053%
2.59% 2.203% 0.00%
11/27/00 30 1,047,399 13.9112%
2.30% 2.190% 0.00%
10/25/00 24 805,791 13.9100%
1.81% 1.653% 0.00%
09/25/00 35 1,261,236 13.9105%
2.57% 2.516% 0.00%
08/25/00 33 1,091,399 13.9161%
2.36% 2.125% 0.00%
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%
Distribution
Date Remit
12/26/00 13.1411%
0.000%
11/27/00 13.1470%
0.000%
10/25/00 13.1458%
0.000%
09/25/00 13.1463%
0.000%
08/25/00 13.1519%
0.000%
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%
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 1,281.84 3.933%
09/27/99 49,777.41 36,443.41 73.213%
09/27/99 26,020.04 22,149.75 85.126%
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 20,537.68 61.103%
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 2,568.58 10.491%
02/25/00 56,866.06 0.00 0.000%
02/25/00 59,705.90 5,737.17 9.609%
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 0.00
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%
08/25/99 964.63 317.210 0.973%
09/27/99 1,344.37 35,099.040 70.512%
09/27/99 1,193.95 20,955.800 80.537%
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 19,289.180 57.388%
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 -65.090 -0.266%
02/25/00 9,258.64 -9,258.640 -16.281%
02/25/00 5,016.99 720.180 1.206%
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 0.00 0.000
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 32,276.87
09/27/99 14,678.37
09/27/99 5,064.24
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 14,322.64
02/25/00 31,127.52
02/25/00 52,020.28
02/25/00 24,548.48
02/25/00 66,124.70
02/25/00 58,985.72
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 0.00
Other Related Information
Pool Summary Information
Component
ARM Loans Aggregate Amount of Collections
5,540,062.36
HIGH LTV Loans Aggregate Amount of Collections
1,759,170.48
ARM Pool Available Funds
5,530,218.34
HIGH LTV Pool Available Funds
1,747,198.71
ARM Pool Net Monthly Excess Cashflows
79,335.99
HIGH LTV Pool Net Monthly Excess Cashflows
287,877.16
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
4,979,237.76
Aggregate Principal Prepayment Amount on the Class A-2
965,633.81
Ending Aggregate Principal Balance of Mortgage Loans
116,194,159.72
Ending Loan Count
1619
Principal
Adjustable Loan Pool Scheduled Principal Balance
53,872.65
High LTV Loan Pool Scheduled Principal Balance
81,743.56
Adjustable Loan Pool Unscheduled Principal Balance
4,984,616.69
High LTV Loan Pool Unscheduled Principal Balance
1,169,105.01
Aggregate Pool Scheduled Principal Balance
135,616.21
Aggregate Pool Unscheduled Principal Balance
6,153,721.70
Other Principal Proceeds
5,526.52
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
11,322,115.93
ARM Pool Net Monthly Excess Cashflow
79,335.99
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
45,491,432.74
Arm Ending Balance
70,702,726.98
High LTV Ending Count
1241
Arm Ending Count
378
Reserve Fund
ARM Pool Reserve Fund Addition
79,335.99
HIGH LTV Pool Reserve Fund Addition
0.00
Reserve Fund Release Amount
0.00
Reserve Fund Certificate Payment
Advances and Compensating Interest
Principal Advances
22,123.67
Interest Advances
255,643.04
Compensating Interest Payments
0.00
Realized Losses
Current Period Total Realized Losses
-79,864.98
Aggregate Total Realized Losses
5,754,357.88
Class A-1 Current Period Realized Losses
0.00
Class A-2 Current Period Realized Losses
-79,864.98
Class A-1 Aggregate Realized Losses
39,565.10
Class A-2 Aggregate Realized Losses
5,714,792.78
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
0.00Miscellaneous
Book Value of any REO Property
0.00
Amount of Prepayment Interest Shortfall for Current Per
13,719.66
Relief Act Shortfalls for Current Period
0.00
Agg. Prin. Bal of Defaulted or Converted Mtg. Loans
0.00
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