Payment Date: 05/25/00
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series SPMD 1999-A
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior AF 106,826,531.90 6.540000% 2,603,931.48 582,204.60 3,186,136.08 0.00 0.00
AV 31,234,168.51 6.440000% 787,081.11 166,571.90 953,653.01 0.00 1,051.47
PF 75.00 6.000000% 0.00 9,044.17 9,044.17 0.00 0.00
PV 25.00 6.000000% 0.00 7,696.09 7,696.09 0.00 0.00
OC 0.00 0.000000% 0.00 193,824.91 193,824.91 0.00 0.00
Residual R 0.00 6.540000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 138,060,800.41 - 3,391,012.59 959,341.68 4,350,354.27 - 1,051.47
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior AF 104,222,600.42 0.00
AV 30,447,087.40 1,051.47
PF 75.00 0.00
PV 25.00 0.00
OC 0.00 0.00
Residual R 0.00 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 134,669,787.82 1,051.47
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 05/25/00
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series SPMD 1999-A
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
Senior AF 106,826,531.90 6.540000% 456606AA0 18.321230 4.096385 733.308958
AV 31,234,168.51 6.440000% 456606AB8 15.308971 3.239875 592.205281
PF 75.00 6.000000% SPMD99APF 0.000000 120,589.000000 1,000.000000
PV 25.00 6.000000% SPMD99APV 0.000000 307,843.768636 1,000.000000
OC 0.00 0.000000% SPMD99AOC 0.000000 0.000000 0.000000
Residual R 0.00 6.540000% 456606AC6 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 138,060,800.41 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series SPMD 1999-A
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 106,923,081.35 31,989,505.06 138,912,586.41
Loan count 1073 203 1276
Avg loan rate 9.655245% 9.825313% 9.69
Prepay amount 1,967,679.95 768,429.29 2,736,109.24
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 34,845.79 10,242.68 45,088.47
Sub servicer fees 442.06 2,420.49 2,862.55
Trustee fees 821.45 245.82 1,067.28
Agg advances N/A N/A N/A
Adv this period 133,985.86 47,132.62 181,118.48
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Realized losses 126,052.90 0.00 126,052.90
Cumulative losses 276,598.85 0.00 276,598.85
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 1,421,266.28 514,130.89 1,935,397.17
Special Hazard 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 138,060,800.41
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 75 9,740,137.17
60 to 89 days 18 1,906,321.48
90 or more 19 2,528,028.04
Foreclosure 39 5,187,243.39
Totals: 151 19,361,730.08
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
REO INFORMATION
--------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 1,155,758.55
Current Total Outstanding Number of Loans: 9
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 4,350,354.27 4,350,354.27
Principal remittance amount 3,391,012.59 3,391,012.59
Interest remittance amount 959,341.68 959,341.68
