OPT ONE MORT ACCEPT CORP LOAN TR ASSET BK CERT SER 1999-2
8-K, 1999-12-07
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):  November 26, 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 November 26, 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 November 26, 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: 12/01/99


                                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 November 26,
                 1999 distribution.






<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date:            10/31/99
Distribution Date:     11/26/99


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%     62,092,455.40      304,253.03    2,608,350.80
    A-2        68389FAD6         SEQ          5.92000%     50,000,000.00      246,666.66            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%     37,030,059.17      199,962.32      798,654.54
    A-8        68389FAK0         SEQ          5.71750%     84,547,699.11      429,690.20    1,182,420.80
     P         OPT99002P         SUB          0.00000%            100.00       45,381.98            0.00
     R         OPT99022R         RES          0.00000%              0.00      168,844.12            0.00
     OC        OPT9902OC         SUB          0.00000%      6,761,672.49            0.00            0.00
Totals                                                    351,222,986.17    1,978,954.28    4,589,426.14
</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          59,484,104.60             2,912,603.83                      0.00
A-2                            0.00          50,000,000.00               246,666.66                      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          36,231,404.63               998,616.86                      0.00
A-8                            0.00          83,365,278.31             1,612,111.00                      0.00
P                              0.00                 100.00                45,381.98                      0.00
R                              0.00                   0.00               168,844.12                      0.00
OC                             0.00           7,486,044.18                     0.00                      0.00
Totals                         0.00         347,357,931.72             6,568,380.42                      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      62,092,455.40               0.00    2,608,350.80           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      37,030,059.17               0.00      798,654.54           0.00            0.00
A-8                  94,761,000.00      84,547,699.11               0.00    1,182,420.80           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       6,761,672.49               0.00            0.00           0.00            0.00
Totals              369,920,038.59     351,222,986.17               0.00    4,589,426.14           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                           2,608,350.80         59,484,104.60           0.80383925      2,608,350.80
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                             798,654.54         36,231,404.63           0.94271602        798,654.54
A-8                           1,182,420.80         83,365,278.31           0.87974249      1,182,420.80
P                                     0.00                100.00           1.00000000              0.00
R                                     0.00                  0.00           0.00000000              0.00
OC                                    0.00          7,486,044.18           3.86887947              0.00
Totals                        4,589,426.14        347,357,931.72           0.93900815      4,589,426.14
</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        839.08723514         0.00000000         35.24798378        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        963.49645279         0.00000000         20.78043712        0.00000000
A-8                    94,761,000.00        892.22041884         0.00000000         12.47792657        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       3494.51529105         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         35.24798378            803.83925135          0.80383925        35.24798378
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         20.78043712            942.71601566          0.94271602        20.78043712
A-8                     0.00000000         12.47792657            879.74249227          0.87974249        12.47792657
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          3,868.87946661          3.86887947         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%      62,092,455.40          304,253.03           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%      37,030,059.17          199,962.32           0.00             0.00
A-8                94,761,000.00        5.71750%      84,547,699.11          429,690.20           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%       6,761,672.49                0.00           0.00             0.00
Totals            369,920,038.59                                           1,764,728.19           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           304,253.03                0.00      59,484,104.60
 A-2                            0.00                0.00           246,666.66                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           199,962.32                0.00      36,231,404.63
 A-8                            0.00                0.00           429,690.20                0.00      83,365,278.31
 P                              0.00                0.00            45,381.98                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       7,486,044.18
 Totals                         0.00                0.00         1,978,954.28                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%         839.08723514        4.11152743        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%         963.49645279        5.20288086        0.00000000        0.00000000
A-8                  94,761,000.00        5.71750%         892.22041884        4.53446249        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%        3494.51529105        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         4.11152743          0.00000000          803.83925135
A-2                   0.00000000        0.00000000         4.93333320          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         5.20288086          0.00000000          942.71601566
A-8                   0.00000000        0.00000000         4.53446249          0.00000000          879.74249227
P                     0.00000000        0.00000000    453819.80000000          0.00000000         1000.00000000
R                     0.00000000        0.00000000   422110299999.999          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000         3868.87946661
<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%        53,079.00          52,370.00             0.00               0.00     92.23642960%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           6,644,509.51
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              123,292.81
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   6,767,802.32

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         146,342.91
    Payment of Interest and Principal                                                            6,621,459.42
Total Withdrawals (Pool Distribution Amount)                                                     6,767,802.33

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                                                                                146,342.92
Trustee Fee                                                                                              0.00
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  146,342.92

</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                                  51      4,394,926.71               1.580905%          1.265244%
60 Days                                  33      3,338,348.81               1.022939%          0.961069%
90+ Days                                 81      6,905,168.52               2.510849%          1.987912%
Foreclosure                              95      9,047,006.14               2.944823%          2.604520%
REO                                       2        114,421.60               0.061996%          0.032941%
Totals                                  262     23,799,871.78               8.121513%          6.851685%
</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                                                                               123,292.81


Class    OC               100.00      0.00002703%             100.00    0.00002879%       2.155138%      0.000000%
Class    P                  0.00      0.00000000%               0.00    0.00000000%       0.000029%      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                                         9.756003%
 Weighted Average Net Coupon                                           9.417624%
 Weighted Average Pass-Through Rate                                    0.000000%
 Weighted Average Maturity(Stepdown Calculation )                            270
 Beginning Scheduled Collateral Loan Count                                 3,258

 Number Of Loans Paid In Full                                                 32
 Ending Scheduled Collateral Loan Count                                    3,226
 Beginning Scheduled Collateral Balance                           351,222,986.16
 Ending Scheduled Collateral Balance                              347,357,931.71
 Ending Actual Collateral Balance at 31-Oct-1999                  347,357,931.71
 Monthly P &I Constant                                              3,158,934.76
 Ending Scheduled Balance for Premium Loans                       347,357,931.71
 </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                10.064233                  9.014738                  9.280356
 Weighted Average Net Rate                    9.565653                  8.516319                  9.421862
 Weighted Average Maturity                      273.00                    293.00                    351.00
 Beginning Loan Count                            2,868                       116                       274                   3,258
 Loans Paid In Full                                 28                         1                         3                      32
 Ending Loan Count                               2,840                       115                       271                   3,226
 Beginning Scheduled Balance            225,825,668.08             37,502,575.71             87,894,742.37          351,222,986.16
 Ending scheduled Balance               223,686,172.56             36,745,340.49             86,926,418.66          347,357,931.71
 Record Date                                  10/31/99                  10/31/99                  10/31/99
 Principal And Interest Constant          2,077,083.60                304,433.87                777,417.29            3,158,934.76
 Scheduled Principal                        182,847.95                 22,654.56                 50,684.37              256,186.88
 Unscheduled Principal                    1,956,647.57                734,580.66                917,639.34            3,608,867.57
 Scheduled Interest                       1,894,235.65                281,779.31                726,732.92            2,902,747.88

 Servicing Fees                              94,094.04                 15,626.07                 36,622.81              146,342.92
 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                             1,800,141.61                266,153.24                690,110.11            2,756,404.96
 Realized Loss Amount                             0.00                      0.00                      0.00                    0.00
 Cumulative Realized Loss                         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   1,166,736.44                200,064.55                968,323.71             2,335,124.70
 Specified Overcollateralization Amount   4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Overcollateralization Amount             3,410,967.96                513,935.86              3,561,140.35             7,486,044.18
 Overcollateralization Deficiency Amount  1,166,736.44                200,064.55              1,245,990.85             2,612,791.83
 Base Overcollateralization Amount        4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Excess Cash Amount                         468,855.28                 41,419.32                214,097.09               724,371.68
 Extra Principal Distribution Amount        468,855.28                 41,419.32                214,097.09               724,371.68

 </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      3,219,940.23    1,968,333.19     4,737,496.13   5,819,504.69      114,421.60     806,328.48
        Percentage Of Balance        1.439%          0.880%           2.118%         2.602%          0.051%         0.360%
        Loan Count                       47              30               74             86               2             12
        Percentage Of Loans          1.655%          1.056%           2.606%         3.028%          0.070%         0.423%

  2     Principal Balance        344,124.29            0.00       559,663.22     249,476.66            0.00     310,186.56
        Percentage Of Balance        0.937%          0.000%           1.523%         0.679%          0.000%         0.844%
        Loan Count                        1               0                2              1               0              1
        Percentage Of Loans          0.870%          0.000%           1.739%         0.870%          0.000%         0.870%

  3     Principal Balance        830,862.19    1,370,015.62     1,608,009.17   2,978,024.79            0.00           0.00
        Percentage Of Balance        0.956%          1.576%           1.850%         3.426%          0.000%         0.000%
        Loan Count                        3               3                5              8               0              0
        Percentage Of Loans          1.107%          1.107%           1.845%         2.952%          0.000%         0.000%

 Totals:Principal Balance      4,394,926.71    3,338,348.81     6,905,168.52   9,047,006.14      114,421.60   1,116,515.04
        Percentage of Balance        1.265%          0.961%           1.988%         2.605%          0.033%         0.321%
        Loan Count                       51              33               81             95               2             13
        Percentage Of Loans          1.581%          1.023%           2.511%         2.945%          0.062%         0.403%

 </TABLE>




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