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Previous: MATTHEW G NORTON CO, SC 13G, 1999-11-05 |
Next: OPT ONE MORT ACCEPT CORP LOAN TR ASSET BK CERT SER 1999-2, 8-K, 1999-11-05 |
UNITED STATES
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 (Date of earliest event reported): October 25, 1999
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1999-1 Trust
New York (governing law of 333-17801-04 52-2164958
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On October 25, 1999 a distribution was made to holders of NORWEST INTEGRATED
STRUCTURED ASSETS, INC., Mortgage Pass-Through Certificates, Series 1999-1
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1999-1 Trust, relating to the October 25,
1999 distribution.
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 hereunto duly authorized.
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1999-1 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 11/3/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-1 Trust, relating to the October 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Integrated Structured Assets, inc.
Mortgage Pass-Through Certificates
Record Date: 9/30/99
Distribution Date: 10/25/99
NISTAR Series: 1999-1
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
I-A-PO NIS991PO1 PO 0.00000% 56,313.51 0.00 59.42
I-A-1 66938DCB3 SEQ 6.50000% 118,240,411.35 640,468.89 1,058,465.93
I-A-2 66938DCC1 SEQ 6.50000% 6,860,000.00 37,158.33 0.00
I-A-3 66938DCD9 SEQ 6.50000% 17,023,000.00 92,207.92 0.00
I-A-4 66938DCE7 SEQ 6.50000% 4,246,800.00 23,003.50 0.00
I-AR 66938DCF4 R 6.50000% 0.00 0.00 0.00
II-A-PO NIS991PO2 PO 0.00000% 47,416.18 0.00 183.59
II-A-1 66938DCG2 SEQ 6.50000% 44,716,238.07 242,212.96 419,211.60
B-1 66938DCH0 SUB 6.50000% 5,511,330.88 29,853.04 7,713.62
B-2 66938DCJ6 SUB 6.50000% 5,292,107.68 28,665.58 7,406.80
B-3 66938DCK3 SUB 6.50000% 2,206,119.49 11,949.81 3,087.67
B-4 66938DCL1 SUB 6.50000% 991,960.20 5,373.12 1,388.34
B-5 66938DCM9 SUB 6.50000% 550,537.91 2,982.08 770.53
B-6 66938DCN7 SUB 6.50000% 883,669.06 4,786.54 1,166.57
Totals 206,625,904.33 1,118,661.77 1,499,454.07
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
I-A-PO 0.00 56,254.08 59.42 0.00
I-A-1 0.00 117,181,945.41 1,698,934.82 0.00
I-A-2 0.00 6,860,000.00 37,158.33 0.00
I-A-3 0.00 17,023,000.00 92,207.92 0.00
I-A-4 0.00 4,246,800.00 23,003.50 0.00
I-AR 0.00 0.00 0.00 0.00
II-A-PO 0.00 47,232.59 183.59 0.00
II-A-1 0.00 44,297,026.47 661,424.56 0.00
B-1 0.00 5,503,617.26 37,566.66 0.00
B-2 0.00 5,284,700.88 36,072.38 0.00
B-3 0.00 2,203,031.82 15,037.48 0.00
B-4 0.00 990,571.86 6,761.46 0.00
B-5 0.00 549,767.38 3,752.61 0.00
B-6 70.21 882,432.28 5,953.11 1,900.52
Totals 70.21 205,126,380.03 2,618,115.84 1,900.52
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
I-A-PO 56,678.60 56,313.51 54.71 4.71 0.00 0.00
I-A-1 130,136,000.00 118,240,411.35 114,455.47 944,010.47 0.00 0.00
I-A-2 6,860,000.00 6,860,000.00 0.00 0.00 0.00 0.00
I-A-3 17,023,000.00 17,023,000.00 0.00 0.00 0.00 0.00
I-A-4 4,246,800.00 4,246,800.00 0.00 0.00 0.00 0.00
II-A-PO 48,519.13 47,416.18 171.63 11.96 0.00 0.00
II-A-1 48,365,647.00 44,716,238.07 154,293.89 264,917.71 0.00 0.00
B-1 5,556,000.00 5,511,330.88 7,713.62 0.00 0.00 0.00
B-2 5,335,000.00 5,292,107.68 7,406.80 0.00 0.00 0.00
B-3 2,224,000.00 2,206,119.49 3,087.67 0.00 0.00 0.00
B-4 1,000,000.00 991,960.20 1,388.34 0.00 0.00 0.00
B-5 555,000.00 550,537.91 770.53 0.00 0.00 0.00
B-6 890,831.16 883,669.06 1,166.57 0.00 0.00 70.21
Totals 222,297,475.89 206,625,904.33 290,509.23 1,208,944.85 0.00 70.21
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
I-A-PO 59.42 56,254.08 0.99251005 59.42
I-A-1 1,058,465.93 117,181,945.41 0.90045756 1,058,465.93
I-A-2 0.00 6,860,000.00 1.00000000 0.00
I-A-3 0.00 17,023,000.00 1.00000000 0.00
I-A-4 0.00 4,246,800.00 1.00000000 0.00
II-A-PO 183.59 47,232.59 0.97348386 183.59
II-A-1 419,211.60 44,297,026.47 0.91587788 419,211.60
B-1 7,713.62 5,503,617.26 0.99057186 7,713.62
B-2 7,406.80 5,284,700.88 0.99057186 7,406.80
B-3 3,087.67 2,203,031.82 0.99057186 3,087.67
B-4 1,388.34 990,571.86 0.99057186 1,388.34
B-5 770.53 549,767.38 0.99057186 770.53
B-6 1,236.78 882,432.28 0.99057186 1,166.57
Totals 1,499,524.28 205,126,380.03 0.92275623 1,499,454.07
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
I-A-PO 56,678.60 993.55859178 0.96526731 0.08310015 0.00000000
I-A-1 130,136,000.00 908.59109970 0.87950659 7.25403017 0.00000000
I-A-2 6,860,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-3 17,023,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-4 4,246,800.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 48,519.13 977.26772924 3.53736763 0.24650071 0.00000000
II-A-1 48,365,647.00 924.54543346 3.19015457 5.47739411 0.00000000
B-1 5,556,000.00 991.96020158 1.38834053 0.00000000 0.00000000
B-2 5,335,000.00 991.96020244 1.38834114 0.00000000 0.00000000
B-3 2,224,000.00 991.96020234 1.38834083 0.00000000 0.00000000
B-4 1,000,000.00 991.96020000 1.38834000 0.00000000 0.00000000
B-5 555,000.00 991.96019820 1.38834234 0.00000000 0.00000000
B-6 890,831.16 991.96020489 1.30952986 0.00000000 0.00000000
<FN>
Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
I-A-PO 0.00000000 1.04836746 992.51004788 0.99251005 1.04836746
I-A-1 0.00000000 8.13353668 900.45756293 0.90045756 8.13353668
I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 0.00000000 3.78386834 973.48386090 0.97348386 3.78386834
II-A-1 0.00000000 8.66754868 915.87788477 0.91587788 8.66754868
B-1 0.00000000 1.38834053 990.57186105 0.99057186 1.38834053
B-2 0.00000000 1.38834114 990.57186129 0.99057186 1.38834114
B-3 0.00000000 1.38834083 990.57186151 0.99057186 1.38834083
B-4 0.00000000 1.38834000 990.57186000 0.99057186 1.38834000
B-5 0.00000000 1.38834234 990.57185586 0.99057186 1.38834234
B-6 0.07881404 1.38834389 990.57186100 0.99057186 1.30952986
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
I-A-PO 56,678.60 0.00000% 56,313.51 0.00 0.00 0.00
I-A-1 130,136,000.00 6.50000% 118,240,411.35 640,468.89 0.00 0.00
I-A-2 6,860,000.00 6.50000% 6,860,000.00 37,158.33 0.00 0.00
I-A-3 17,023,000.00 6.50000% 17,023,000.00 92,207.92 0.00 0.00
I-A-4 4,246,800.00 6.50000% 4,246,800.00 23,003.50 0.00 0.00
I-AR 100.00 6.50000% 0.00 0.00 0.00 0.00
II-A-PO 48,519.13 0.00000% 47,416.18 0.00 0.00 0.00
II-A-1 48,365,647.00 6.50000% 44,716,238.07 242,212.96 0.00 0.00
B-1 5,556,000.00 6.50000% 5,511,330.88 29,853.04 0.00 0.00
B-2 5,335,000.00 6.50000% 5,292,107.68 28,665.58 0.00 0.00
B-3 2,224,000.00 6.50000% 2,206,119.49 11,949.81 0.00 0.00
B-4 1,000,000.00 6.50000% 991,960.20 5,373.12 0.00 0.00
B-5 555,000.00 6.50000% 550,537.91 2,982.08 0.00 0.00
B-6 890,831.16 6.50000% 883,669.06 4,786.54 0.00 0.00
Totals 222,297,575.89 1,118,661.77 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
I-A-PO 0.00 0.00 0.00 0.00 56,254.08
I-A-1 0.00 0.00 640,468.89 0.00 117,181,945.41
I-A-2 0.00 0.00 37,158.33 0.00 6,860,000.00
I-A-3 0.00 0.00 92,207.92 0.00 17,023,000.00
I-A-4 0.00 0.00 23,003.50 0.00 4,246,800.00
I-AR 0.00 0.00 0.00 0.00 0.00
II-A-PO 0.00 0.00 0.00 0.00 47,232.59
II-A-1 0.00 0.00 242,212.96 0.00 44,297,026.47
B-1 0.00 0.00 29,853.04 0.00 5,503,617.26
B-2 0.00 0.00 28,665.58 0.00 5,284,700.88
B-3 0.00 0.00 11,949.81 0.00 2,203,031.82
B-4 0.00 0.00 5,373.12 0.00 990,571.86
B-5 0.00 0.00 2,982.08 0.00 549,767.38
B-6 0.00 0.00 4,786.54 0.00 882,432.28
Totals 0.00 0.00 1,118,661.77 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
I-A-PO 56,678.60 0.00000% 993.55859178 0.00000000 0.00000000 0.00000000
I-A-1 130,136,000.00 6.50000% 908.59109970 4.92153509 0.00000000 0.00000000
I-A-2 6,860,000.00 6.50000% 1000.00000000 5.41666618 0.00000000 0.00000000
I-A-3 17,023,000.00 6.50000% 1000.00000000 5.41666686 0.00000000 0.00000000
I-A-4 4,246,800.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
I-AR 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 48,519.13 0.00000% 977.26772924 0.00000000 0.00000000 0.00000000
II-A-1 48,365,647.00 6.50000% 924.54543346 5.00795451 0.00000000 0.00000000
B-1 5,556,000.00 6.50000% 991.96020158 5.37311735 0.00000000 0.00000000
B-2 5,335,000.00 6.50000% 991.96020244 5.37311715 0.00000000 0.00000000
B-3 2,224,000.00 6.50000% 991.96020234 5.37311601 0.00000000 0.00000000
B-4 1,000,000.00 6.50000% 991.96020000 5.37312000 0.00000000 0.00000000
B-5 555,000.00 6.50000% 991.96019820 5.37311712 0.00000000 0.00000000
B-6 890,831.16 6.50000% 991.96020489 5.37311694 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 992.51004788
I-A-1 0.00000000 0.00000000 4.92153509 0.00000000 900.45756293
I-A-2 0.00000000 0.00000000 5.41666618 0.00000000 1000.00000000
I-A-3 0.00000000 0.00000000 5.41666686 0.00000000 1000.00000000
I-A-4 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 973.48386090
II-A-1 0.00000000 0.00000000 5.00795451 0.00000000 915.87788477
B-1 0.00000000 0.00000000 5.37311735 0.00000000 990.57186105
B-2 0.00000000 0.00000000 5.37311715 0.00000000 990.57186129
B-3 0.00000000 0.00000000 5.37311601 0.00000000 990.57186151
B-4 0.00000000 0.00000000 5.37312000 0.00000000 990.57186000
B-5 0.00000000 0.00000000 5.37311712 0.00000000 990.57185586
B-6 0.00000000 0.00000000 5.37311694 0.00000000 990.57186100
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 46,136.00
Deposits
Payments of Interest and Principal 2,549,212.05
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 67,791.99
Realized Losses 0.00
Total Deposits 2,617,004.04
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 45,024.19
Payment of Interest and Principal 2,618,115.85
Total Withdrawals (Pool Distribution Amount) 2,663,140.04
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 950.13
Servicing Fee Support 950.13
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 43,047.12
Master Servicing Fee 2,927.20
Supported Prepayment/Curtailment Interest Shortfall 950.13
Net Servicing Fee 45,024.20
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 9 1,502,406.59 0.596817% 0.732430%
60 Days 2 208,758.41 0.132626% 0.101771%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 41,803.66 0.066313% 0.020379%
REO 0 0.00 0.000000% 0.000000%
Totals 12 1,752,968.66 0.795756% 0.854580%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 70.21
Cumulative Realized Losses - Includes Interest Shortfall 1,900.52
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 401,369.79
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class I-A-1 92,104,897.29 41.43315415% 87,888,180.54 42.84586922% 57.155542% 0.000000%
Class I-A-2 85,244,897.29 38.34720057% 81,028,180.54 39.50158947% 3.345968% 0.000000%
Class I-A-3 68,221,897.29 30.68944725% 64,005,180.54 31.20280313% 8.302975% 0.000000%
Class I-A-4 63,975,097.29 28.77903505% 59,758,380.54 29.13246971% 2.071378% 0.000000%
Class II-A- 15,560,831.16 7.00000038% 15,414,121.48 7.51445108% 21.605893% 0.000000%
Class B-1 10,004,831.16 4.50064789% 9,910,504.22 4.83141379% 2.684392% 0.000000%
Class B-2 4,669,831.16 2.10071169% 4,625,803.34 2.25509919% 2.577615% 0.000000%
Class B-3 2,445,831.16 1.10025094% 2,422,771.52 1.18111162% 1.074530% 0.000000%
Class B-4 1,445,831.16 0.65040348% 1,432,199.66 0.69820355% 0.483152% 0.000000%
Class B-5 890,831.16 0.40073814% 882,432.28 0.43018956% 0.268149% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.430407% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> <C> Original $<C> Original % Current $<C><C> Current %
Bankruptcy 100,000.00 0.04498475% 100,000.00 0.04875043%
Fraud 4,445,951.52 2.00000000% 4,445,951.52 2.16742065%
Special Hazard 2,222,975.76 1.00000000% 2,222,975.76 1.08371033%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.656592%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 307
Beginning Scheduled Collateral Loan Count 1,516
Number Of Loans Paid In Full 8
Ending Scheduled Collateral Loan Count 1,508
Beginning Scheduled Collateral Balance 206,625,904.33
Ending Scheduled Collateral Balance 205,126,380.05
Ending Actual Collateral Balance at 30-Sep-1999 205,680,804.04
Ending Scheduled Balance For Norwest 162,373,556.08
Ending Scheduled Balance For Other Services 42,752,823.97
Monthly P &I Constant 1,456,623.30
Class A Optimal Amount 2,512,729.14
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 197,772,655.91
Ending scheduled Balance For discounted Loans 7,353,724.14
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 165,978,723.96
Greater Than 80%, less than or equal to 85% 5,069,473.17
Greater than 85%, less than or equal to 95% 34,126,144.03
Greater than 95% 33,729.85
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 7.745645 7.364971
Weighted Average Net Rate 6.497743 6.494126
Weighted Average Maturity 349.00 168.00
Beginning Loan Count 1,062 454 1,516
Loans Paid In Full 7 1 8
Ending Loan Count 1,055 453 1,508
Beginning Scheduled Balance 158,289,663.10 48,336,241.23 206,625,904.33
Ending scheduled Balance 157,221,861.26 47,904,518.79 205,126,380.05
Record Date 9/30/99 9/30/99
Principal And Interest Constant 1,016,635.92 439,987.38 1,456,623.30
Scheduled Principal 123,786.66 166,792.77 290,579.43
Unscheduled Principal 944,015.18 264,929.67 1,208,944.85
Scheduled Interest 892,320.11 272,344.96 1,164,665.07
Servicing Fees 32,976.87 10,070.25 43,047.12
Master Servicing Fees 2,242.43 684.78 2,927.20
Trustee Fee 0.00 0.00 0.00
FRY Amount 129,388.38 24,323.48 153,711.87
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 727,712.43 237,266.45 964,978.88
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 1,124,032.73 208,758.41 0.00 41,803.66 0.00 118,186.16
Percentage Of Balance 0.715% 0.133% 0.000% 0.027% 0.000% 0.075%
Loan Count 6 2 0 1 0 1
Percentage Of Loans 0.569% 0.190% 0.000% 0.095% 0.000% 0.095%
2 Principal Balance 378,373.86 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.790% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 3 0 0 0 0 0
Percentage Of Loans 0.662% 0.000% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 1,502,406.59 208,758.41 0.00 41,803.66 0.00 118,186.16
Percentage of Balance 0.732% 0.102% 0.000% 0.020% 0.000% 0.058%
Loan Count 9 2 0 1 0 1
Percentage Of Loans 0.597% 0.133% 0.000% 0.066% 0.000% 0.066%
</TABLE>
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