OPT ONE MORT ACCEPT CORP LOAN TR ASSET BK CERT SER 1999-2
8-K, 1999-11-05
ASSET-BACKED SECURITIES
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                                  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

                         OPTION ONE MORTGAGE LOAN TRUST
                 Asset Backed Certificates, Series 1999-2 Trust


New York (governing law of          333-14625-01   52-2172813
Pooling and Servicing Agreement)    (Commission    52-2172816
(State or other                     File Number)   IRS EIN
jurisdiction


        C/O Norwest Bank Minnesota, N.A.
        11000 Broken Land Parkway                            21044
        Columbia, Maryland                                  (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 OPTION ONE
MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 1999-2 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             Asset Backed Certificates, Series 1999-2
                                 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.



                          OPTION ONE MORTGAGE LOAN TRUST
                  Asset Backed Certificates, Series 1999-2 Trust

              By:   Norwest Bank Minnesota, N.A., as Trustee
              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 Asset Backed
                Certificates, Series 1999-2 Trust, relating to the October 25,
                1999 distribution.






<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date:            9/30/99
Distribution Date:     10/25/99


OOMC  Series: 1999-2
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>
    A-1        68389FAC8         SEQ          5.88000%     64,440,243.27      315,757.19    2,347,787.87
    A-2        68389FAD6         SEQ          5.92000%     50,000,000.00      246,666.67            0.00
    A-3        68389FAE4         SEQ          6.02000%     24,000,000.00      120,400.00            0.00
    A-4        68389FAF1         SEQ          6.34000%     52,000,000.00      274,733.33            0.00
    A-5        68389FAG9         SEQ          6.76000%     15,791,000.00       88,955.97            0.00
    A-6        68389FAH7         SEQ          6.32000%     19,000,000.00      100,066.67            0.00
    A-7        68389FAJ3         SEQ          6.48000%     37,096,613.77      200,321.71       66,554.61
    A-8        68389FAK0         SEQ          5.71750%     87,487,585.94      389,052.43    2,939,886.83
     P         OPT99002P         SUB          0.00000%            100.00       69,625.00            0.00
     R         OPT99022R         RES          0.00000%              0.00      168,844.12            0.00
     OC        OPT9902OC         SUB          0.00000%      5,976,269.69            0.00            0.00
Totals                                                    355,791,812.67    1,974,423.09    5,354,229.31
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)


                          Current                Ending                                           Cumulative
                         Realized           Certificate                   Total                    Realized
Class                        Loss               Balance            Distribution                      Losses
<S>           <C>                  <C>                     <C>                      <C>
A-1                            0.00          62,092,455.40             2,663,545.06                      0.00
A-2                            0.00          50,000,000.00               246,666.67                      0.00
A-3                            0.00          24,000,000.00               120,400.00                      0.00
A-4                            0.00          52,000,000.00               274,733.33                      0.00
A-5                            0.00          15,791,000.00                88,955.97                      0.00
A-6                            0.00          19,000,000.00               100,066.67                      0.00
A-7                            0.00          37,030,059.17               266,876.32                      0.00
A-8                            0.00          84,547,699.11             3,328,939.26                      0.00
P                              0.00                 100.00                69,625.00                      0.00
R                              0.00                   0.00               168,844.12                      0.00
OC                             0.00           6,761,672.49                     0.00                      0.00
Totals                         0.00         351,222,986.17             7,328,652.40                      0.00
<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>
A-1                  74,000,000.00      64,440,243.27               0.00    2,347,787.87           0.00            0.00
A-2                  50,000,000.00      50,000,000.00               0.00            0.00           0.00            0.00
A-3                  24,000,000.00      24,000,000.00               0.00            0.00           0.00            0.00
A-4                  52,000,000.00      52,000,000.00               0.00            0.00           0.00            0.00
A-5                  15,791,000.00      15,791,000.00               0.00            0.00           0.00            0.00
A-6                  19,000,000.00      19,000,000.00               0.00            0.00           0.00            0.00
A-7                  38,433,000.00      37,096,613.77               0.00       66,554.61           0.00            0.00
A-8                  94,761,000.00      87,487,585.94               0.00    2,939,886.83           0.00            0.00
P                           100.00             100.00               0.00            0.00           0.00            0.00
R                             0.00               0.00               0.00            0.00           0.00            0.00
OC                    1,934,938.59       5,976,269.69               0.00            0.00           0.00            0.00
Totals              369,920,038.59     355,791,812.67               0.00    5,354,229.31           0.00            0.00
<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>
A-1                           2,347,787.87         62,092,455.40           0.83908724      2,347,787.87
A-2                                   0.00         50,000,000.00           1.00000000              0.00
A-3                                   0.00         24,000,000.00           1.00000000              0.00
A-4                                   0.00         52,000,000.00           1.00000000              0.00
A-5                                   0.00         15,791,000.00           1.00000000              0.00
A-6                                   0.00         19,000,000.00           1.00000000              0.00
A-7                              66,554.61         37,030,059.17           0.96349645         66,554.61
A-8                           2,939,886.83         84,547,699.11           0.89222042      2,939,886.83
P                                     0.00                100.00           1.00000000              0.00
R                                     0.00                  0.00           0.00000000              0.00
OC                                    0.00          6,761,672.49           3.49451529              0.00
Totals                        5,354,229.31        351,222,986.17           0.94945650      5,354,229.31
</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>
A-1                    74,000,000.00        870.81409824         0.00000000         31.72686311        0.00000000
A-2                    50,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3                    24,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    52,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-5                    15,791,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-6                    19,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-7                    38,433,000.00        965.22815731         0.00000000          1.73170478        0.00000000
A-8                    94,761,000.00        923.24464643         0.00000000         31.02422758        0.00000000
P                             100.00       1000.00000000         0.00000000          0.00000000        0.00000000
R                               0.00          0.00000000         0.00000000          0.00000000        0.00000000
OC                      1,934,938.59       3088.60948915         0.00000000          0.00000000        0.00000000
<FN>
(2) Per $1,000 Denominations
</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>
A-1                     0.00000000         31.72686311            839.08723514          0.83908724        31.72686311
A-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-5                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-6                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-7                     0.00000000          1.73170478            963.49645279          0.96349645         1.73170478
A-8                     0.00000000         31.02422758            892.22041884          0.89222042        31.02422758
P                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
R                       0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
OC                      0.00000000          0.00000000          3,494.51529105          3.49451529         0.00000000
<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>
A-1                74,000,000.00        5.88000%      64,440,243.27          315,757.19           0.00             0.00
A-2                50,000,000.00        5.92000%      50,000,000.00          246,666.67           0.00             0.00
A-3                24,000,000.00        6.02000%      24,000,000.00          120,400.00           0.00             0.00
A-4                52,000,000.00        6.34000%      52,000,000.00          274,733.33           0.00             0.00
A-5                15,791,000.00        6.76000%      15,791,000.00           88,955.97           0.00             0.00
A-6                19,000,000.00        6.32000%      19,000,000.00          100,066.67           0.00             0.00
A-7                38,433,000.00        6.48000%      37,096,613.77          200,321.71           0.00             0.00
A-8                94,761,000.00        5.71750%      87,487,585.94          389,052.43           0.00             0.00
P                         100.00        0.00000%             100.00                0.00           0.00             0.00
R                           0.00        0.00000%               0.00                0.00           0.00             0.00
OC                  1,934,938.59        0.00000%       5,976,269.69                0.00           0.00             0.00
Totals            369,920,038.59                                           1,735,953.97           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>
 A-1                            0.00                0.00           315,757.19                0.00      62,092,455.40
 A-2                            0.00                0.00           246,666.67                0.00      50,000,000.00
 A-3                            0.00                0.00           120,400.00                0.00      24,000,000.00
 A-4                            0.00                0.00           274,733.33                0.00      52,000,000.00
 A-5                            0.00                0.00            88,955.97                0.00      15,791,000.00
 A-6                            0.00                0.00           100,066.67                0.00      19,000,000.00
 A-7                            0.00                0.00           200,321.71                0.00      37,030,059.17
 A-8                            0.00                0.00           389,052.43                0.00      84,547,699.11
 P                              0.00                0.00            69,625.00                0.00             100.00
 R                              0.00                0.00           168,844.12                0.00               0.00
 OC                             0.00                0.00                 0.00                0.00       6,761,672.49
 Totals                         0.00                0.00         1,974,423.09                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>
A-1                  74,000,000.00        5.88000%         870.81409824        4.26698905        0.00000000        0.00000000
A-2                  50,000,000.00        5.92000%        1000.00000000        4.93333340        0.00000000        0.00000000
A-3                  24,000,000.00        6.02000%        1000.00000000        5.01666667        0.00000000        0.00000000
A-4                  52,000,000.00        6.34000%        1000.00000000        5.28333327        0.00000000        0.00000000
A-5                  15,791,000.00        6.76000%        1000.00000000        5.63333354        0.00000000        0.00000000
A-6                  19,000,000.00        6.32000%        1000.00000000        5.26666684        0.00000000        0.00000000
A-7                  38,433,000.00        6.48000%         965.22815731        5.21223194        0.00000000        0.00000000
A-8                  94,761,000.00        5.71750%         923.24464643        4.10561761        0.00000000        0.00000000
P                           100.00        0.00000%        1000.00000000        0.00000000        0.00000000        0.00000000
R                             0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
OC                    1,934,938.59        0.00000%        3088.60948915        0.00000000        0.00000000        0.00000000
<FN>

</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>
A-1                   0.00000000        0.00000000         4.26698905          0.00000000          839.08723514
A-2                   0.00000000        0.00000000         4.93333340          0.00000000         1000.00000000
A-3                   0.00000000        0.00000000         5.01666667          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         5.28333327          0.00000000         1000.00000000
A-5                   0.00000000        0.00000000         5.63333354          0.00000000         1000.00000000
A-6                   0.00000000        0.00000000         5.26666684          0.00000000         1000.00000000
A-7                   0.00000000        0.00000000         5.21223194          0.00000000          963.49645279
A-8                   0.00000000        0.00000000         4.10561761          0.00000000          892.22041884
P                     0.00000000        0.00000000    696250.00000000          0.00000000         1000.00000000
R                     0.00000000        0.00000000   422110299999.999          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000         3494.51529105
<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 Component Statement
                      Component       Beginning            Ending       Beginning            Ending          Ending
                  Pass-Through        Notional          Notional       Component         Component       Component
                          Rate         Balance           Balance         Balance           Balance      Percentage
Class
<S>             <C>             <C>               <C>               <C>               <C>               <C>
       FSA          1,200.00000%        53,930.00          53,079.00             0.00               0.00     93.48515270%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           7,423,597.74
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              107,231.28
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   7,530,829.02

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         148,246.60
    Payment of Interest and Principal                                                            7,382,582.42
Total Withdrawals (Pool Distribution Amount)                                                     7,530,829.02

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>
Total Prepayment/Curtailment Interest Shortfall                                                          0.00
Servicing Fee Support                                                                                    0.00

Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                148,246.59
Trustee Fee                                                                                              0.00
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  148,246.59

</TABLE>
<TABLE>
<CAPTION>

                                                         OTHER ACCOUNTS
                                               Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
FSA Account-Group 1                                   0.00              0.00              0.00             0.00
FSA Account-Group 2                                   0.00              0.00              0.00             0.00
FSA Account-Group 3                                   0.00              0.00              0.00             0.00
Capitalized Interest-Group 1                          0.00              0.00              0.00             0.00
Capitalized Interest-Group 2                          0.00              0.00              0.00             0.00
Capitalized Interest-Group 3                          0.00              0.00              0.00             0.00

</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                                  45      4,449,091.41               1.381215%          1.266743%
60 Days                                  35      2,670,465.78               1.074279%          0.760333%
90+ Days                                 55      5,405,988.17               1.688152%          1.539190%
Foreclosure                              78      7,365,852.10               2.394107%          2.097201%
REO                                       1         66,599.60               0.030694%          0.018962%
Totals                                  214     19,957,997.06               6.568447%          5.682429%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Principal Balance of Contaminated Properties                                                         0.00
Current Period Class A Insufficient Funds                                                            0.00

Periodic Advance                                                                               107,231.28
</TABLE>
<TABLE>

<S>                       <C>         <C>                     <C>       <C>               <C>            <C>
Class    OC               100.00      0.00002703%             100.00    0.00002847%       1.925179%      0.000000%
Class    P                  0.00      0.00000000%               0.00    0.00000000%       0.000028%      0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>



 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                         Mixed Fixed & Arm

 Weighted Average Gross Coupon                                         9.757013%
 Weighted Average Net Coupon                                           9.491841%
 Weighted Average Pass-Through Rate                                    0.000000%
 Weighted Average Maturity(Stepdown Calculation )                            271
 Beginning Scheduled Collateral Loan Count                                 3,295

 Number Of Loans Paid In Full                                                 37
 Ending Scheduled Collateral Loan Count                                    3,258
 Beginning Scheduled Collateral Balance                           355,791,812.67
 Ending Scheduled Collateral Balance                              351,222,986.16
 Ending Actual Collateral Balance at 30-Sep-1999                  351,222,986.16
 Monthly P &I Constant                                              3,219,350.64
 Ending Scheduled Balance for Premium Loans                       351,222,986.16
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                            1                         2                         3                   Total
 Collateral Description                    Mixed Fixed               Mixed Fixed                 Mixed ARM
 Weighted Average Coupon Rate                10.073701                  9.014530                  9.268848
 Weighted Average Net Rate                    9.940703                  8.514530                  8.768848
 Weighted Average Maturity                      274.00                    294.00                    352.00
 Beginning Loan Count                            2,897                       116                       282                   3,295
 Loans Paid In Full                                 29                         0                         8                      37
 Ending Loan Count                               2,868                       116                       274                   3,258
 Beginning Scheduled Balance            227,655,472.27             37,527,955.20             90,608,385.20          355,791,812.67
 Ending scheduled Balance               225,825,668.08             37,502,575.71             87,894,742.37          351,222,986.16
 Record Date                                   9/30/99                   9/30/99                   9/30/99
 Principal And Interest Constant          2,163,699.97                304,839.80                750,810.87            3,219,350.64
 Scheduled Principal                        182,964.06                 22,925.72                 50,948.11              256,837.89
 Unscheduled Principal                    1,646,840.13                  2,453.77              2,662,694.72            4,311,988.62
 Scheduled Interest                       1,980,225.65                281,914.08                699,862.76            2,962,002.49


 Servicing Fees                              94,856.46                 15,636.63                 37,753.50              148,246.59
 Master Servicing Fees                            0.00                      0.00                      0.00                    0.00
 Trustee Fee                                      0.00                      0.00                      0.00                    0.00
 FRY Amount                                       0.00                      0.00                      0.00                    0.00
 Special Hazard Fee                               0.00                      0.00                      0.00                    0.00
 Other Fee                                        0.00                      0.00                      0.00                    0.00
 Pool Insurance Fee                               0.00                      0.00                      0.00                    0.00
 Spread Fee 1                                     0.00                      0.00                      0.00                    0.00
 Spread Fee 2                                     0.00                      0.00                      0.00                    0.00
 Spread Fee 3                                     0.00                      0.00                      0.00                    0.00
 Net Interest                             1,885,369.19                266,277.45                662,109.26            2,813,755.90
 Realized Loss Amount                             0.00                      0.00                      0.00                    0.00
 Cumulative Realized Loss                         0.00                      0.00                      0.00                    0.00
 Percentage of Cumulative Losses                  0.00                      0.00                      0.00                    0.00


 Group ID                                            1                         2                         3                    Total
 Required Overcollateralization Amount    4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Overcollateralization Increase Amount            0.00                      0.00                      0.00                     0.00
 Overcollateralization Reduction Amount   1,684,720.12                 25,379.49              1,472,234.85             3,182,334.46
 Specified Overcollateralization Amount   4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Overcollateralization Amount             2,942,112.68                472,516.54              3,347,043.26             6,761,672.49
 Overcollateralization Deficiency Amount  1,684,720.12                241,239.66              1,472,234.85             3,398,194.63
 Base Overcollateralization Amount        4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Extra Principal Distribution Amount        517,983.68                 41,175.12                226,244.00               785,402.80
 Excess Cash Amount                         517,983.68                 41,175.12                226,244.00               785,402.80

 </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      2,702,228.61    1,825,164.37     3,530,492.78   4,644,550.40       66,599.60      753,434.05
        Percentage Of Balance        1.197%          0.808%           1.563%         2.057%          0.029%          0.334%
        Loan Count                       41              32               49             69               1              11
        Percentage Of Loans          1.430%          1.116%           1.709%         2.406%          0.035%          0.384%

  2     Principal Balance        344,380.25            0.00       559,901.26     559,901.26            0.00            0.00
        Percentage Of Balance        0.918%          0.000%           1.493%         1.493%          0.000%          0.000%
        Loan Count                        1               0                2              5               0               0
        Percentage Of Loans          0.862%          0.000%           1.724%         4.310%          0.000%          0.000%

  3     Principal Balance      1,402,482.55      845,301.41     1,315,594.13   2,160,895.54            0.00            0.00
        Percentage Of Balance        1.596%          0.962%           1.497%         2.459%          0.000%          0.000%
        Loan Count                        3               3                4              7               0               0
        Percentage Of Loans          1.095%          1.095%           1.460%         2.555%          0.000%          0.000%

 Totals:Principal Balance      4,449,091.41    2,670,465.78     5,405,988.17   7,365,347.20       66,599.60      753,434.05
        Percentage of Balance        1.267%          0.760%           1.539%         2.097%          0.019%          0.215%
        Loan Count                       45              35               55             81               1              11
        Percentage Of Loans          1.381%          1.074%           1.688%         2.486%          0.031%          0.338%

 </TABLE>


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