OPT ONE MORT ACCEPT CORP LOAN TR ASSET BK CERT SER 1999-2
8-K, 2000-01-06
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):  December 27, 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 December 27, 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 December 27, 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: 12/28/99


                                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 December 27,
               1999 distribution.






<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date:            11/30/99
Distribution Date:      12/27/99


OOMC  Series: 1999-2
Contact: Customer Service - CTSLink
         Norwest Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         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%     59,484,104.60      291,472.11    2,838,612.52
    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%     36,231,404.63      195,649.58      363,772.74
    A-8        68389FAK0         SEQ          5.90500%     83,365,278.31      423,900.86      865,409.32
     P         OPT99002P         SUB          0.00000%            100.00       71,555.92            0.00
     R         OPT99022R         RES          0.00000%              0.00      168,844.11            0.00
     OC        OPT9902OC         SUB          0.00000%      7,486,044.18            0.00            0.00
Totals                                                    347,357,931.72    1,982,245.22    4,067,794.58
</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          56,645,492.08             3,130,084.63                      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          35,867,631.89               559,422.32                      0.00
A-8                            0.00          82,499,868.98             1,289,310.18                      0.00
P                              0.00                 100.00                71,555.92                      0.00
R                              0.00                   0.00               168,844.11                      0.00
OC                             0.00           8,200,729.25                     0.00                      0.00
Totals                         0.00         344,004,822.20             6,050,039.80                      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      59,484,104.60               0.00    2,838,612.52           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      36,231,404.63               0.00      363,772.74           0.00            0.00
A-8                  94,761,000.00      83,365,278.31               0.00      865,409.32           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       7,486,044.18               0.00            0.00           0.00            0.00
Totals              369,920,038.59     347,357,931.72               0.00    4,067,794.58           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                           2,838,612.52         56,645,492.08           0.76547962      2,838,612.52
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                             363,772.74         35,867,631.89           0.93325090        363,772.74
A-8                             865,409.32         82,499,868.98           0.87060994        865,409.32
P                                     0.00                100.00           1.00000000              0.00
R                                     0.00                  0.00           0.00000000              0.00
OC                                    0.00          8,200,729.25           4.23823748              0.00
Totals                        4,067,794.58        344,004,822.20           0.92994373      4,067,794.58
</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        803.83925135         0.00000000         38.35962865        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        942.71601566         0.00000000          9.46511435        0.00000000
A-8                    94,761,000.00        879.74249227         0.00000000          9.13254736        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       3868.87946661         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         38.35962865            765.47962270          0.76547962        38.35962865
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          9.46511435            933.25090131          0.93325090         9.46511435
A-8                     0.00000000          9.13254736            870.60994481          0.87060994         9.13254736
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          4,238.23747812          4.23823748         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%      59,484,104.60          291,472.11           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%      36,231,404.63          195,649.58           0.00             0.00
A-8                94,761,000.00        5.90500%      83,365,278.31          423,900.86           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%       7,486,044.18                0.00           0.00             0.00
Totals            369,920,038.59                                           1,741,845.19           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           291,472.11                0.00      56,645,492.08
 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           195,649.58                0.00      35,867,631.89
 A-8                            0.00                0.00           423,900.86                0.00      82,499,868.98
 P                              0.00                0.00            71,555.92                0.00             100.00
 R                              0.00                0.00           168,844.11                0.00               0.00
 OC                             0.00                0.00                 0.00                0.00       8,200,729.25
 Totals                         0.00                0.00         1,982,245.22                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%         803.83925135        3.93881230        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%         942.71601566        5.09066635        0.00000000        0.00000000
A-8                  94,761,000.00        5.90500%         879.74249227        4.47336837        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%        3868.87946661        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         3.93881230          0.00000000          765.47962270
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         5.09066635          0.00000000          933.25090131
A-8                   0.00000000        0.00000000         4.47336837          0.00000000          870.60994481
P                     0.00000000        0.00000000    715559.20000000          0.00000000         1000.00000000
R                     0.00000000        0.00000000   422110275000.000          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000         4238.23747812
<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
     Class                Rate            Balance           Balance           Balance            Balance      Percentage
<S>             <C>             <C>               <C>               <C>               <C>               <C>
       FSA          1,200.00000%        52,370.00          51,745.00             0.00               0.00     91.13565113%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           6,116,965.56
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              130,176.73
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   6,247,142.29

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         144,732.48
    Payment of Interest and Principal                                                            6,102,409.81
Total Withdrawals (Pool Distribution Amount)                                                     6,247,142.29

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                                                                                144,732.46
Trustee Fee                                                                                              0.00
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  144,732.46

</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                                  40      3,051,688.41               1.253133%          0.887106%
60 Days                                  33      3,020,059.93               1.033835%          0.877912%
90+ Days                                105      9,202,444.10               3.289474%          2.675092%
Foreclosure                             118     10,134,436.64               3.696742%          2.946016%
REO                                       4        301,295.83               0.125313%          0.087585%
Totals                                  300     25,709,924.91               9.398496%          7.473711%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                               130,176.73
</TABLE>
<TABLE>

<S>                       <C>         <C>                     <C>       <C>               <C>            <C>
Class    OC               100.00      0.00002703%             100.00    0.00002907%       2.383900%      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                                         9.750669%
 Weighted Average Net Coupon                                           9.497870%
 Weighted Average Pass-Through Rate                                    0.000000%
 Weighted Average Maturity(Stepdown Calculation )                            269
 Beginning Scheduled Collateral Loan Count                                 3,226

 Number Of Loans Paid In Full                                                 34
 Ending Scheduled Collateral Loan Count                                    3,192
 Beginning Scheduled Collateral Balance                           347,357,931.71
 Ending Scheduled Collateral Balance                              344,004,822.20
 Ending Actual Collateral Balance at 30-Nov-1999                  344,004,822.20
 Monthly P &I Constant                                              3,150,110.80
 Ending Scheduled Balance for Premium Loans                       344,004,822.20
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
<S>                                                                          <C>                       <C>                       <C>
Group ID                                             1                         2                         3                   Total
 Collateral Description                    Mixed Fixed               Mixed Fixed                 Mixed ARM
 Weighted Average Coupon Rate                10.054359                  9.023216                  9.276697
 Weighted Average Net Rate                    9.938232                  8.523216                  8.776697
 Weighted Average Maturity                      272.00                    292.00                    350.00
 Beginning Loan Count                            2,840                       115                       271                   3,226
 Loans Paid In Full                                 31                         1                         2                      34
 Ending Loan Count                               2,809                       114                       269                   3,192
 Beginning Scheduled Balance            223,686,172.56             36,745,340.49             86,926,418.66          347,357,931.71
 Ending scheduled Balance               221,355,810.23             36,422,256.97             86,226,755.00          344,004,822.20
 Record Date                                  11/30/99                  11/30/99                  11/30/99
 Principal And Interest Constant          2,128,402.15                299,020.88                722,687.77            3,150,110.80
 Scheduled Principal                        182,662.03                 22,719.92                 50,696.08              256,078.03
 Unscheduled Principal                    2,147,700.30                300,363.60                648,967.58            3,097,031.48
 Scheduled Interest                       1,945,740.12                276,300.96                671,991.69            2,894,032.77


 Servicing Fees                              93,202.57                 15,310.55                 36,219.34              144,732.46
 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                             1,852,537.55                260,990.41                635,772.35            2,749,300.31
 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     697,881.17                158,645.23                699,663.66             1,556,190.05
 Specified Overcollateralization Amount   4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Overcollateralization Amount             3,919,218.15                554,625.08              3,726,886.02             8,200,729.25
 Overcollateralization Deficiency Amount    697,881.17                158,645.23              1,031,893.76             1,888,420.15
 Base Overcollateralization Amount        4,108,849.12                672,581.09              4,593,034.11             9,374,464.32
 Extra Principal Distribution Amount        508,250.19                 40,689.22                165,745.67               714,685.07
 Excess Cash Amount                         508,250.19                 40,689.22                165,745.67               714,685.07

 </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      2,769,132.32    2,114,776.89     6,201,957.39   7,090,099.41      301,295.83     988,986.06
        Percentage Of Balance        1.251%          0.955%           2.802%         3.203%          0.136%         0.447%
        Loan Count                       39              30               97            108               4             14
        Percentage Of Loans          1.388%          1.068%           3.453%         3.845%          0.142%         0.498%

  2     Principal Balance              0.00      343,994.54       559,423.10     593,337.21            0.00     310,080.43
        Percentage Of Balance        0.000%          0.944%           1.536%         1.629%          0.000%         0.851%
        Loan Count                        0               1                2              2               0              1
        Percentage Of Loans          0.000%          0.877%           1.754%         1.754%          0.000%         0.877%

  3     Principal Balance        282,566.09      561,288.50     2,441,063.61   2,451,000.02            0.00     833,908.18
        Percentage Of Balance        0.328%          0.651%           2.831%         2.843%          0.000%         0.967%
        Loan Count                        1               2                6              8               0              1
        Percentage Of Loans          0.372%          0.743%           2.230%         2.974%          0.000%         0.372%

 Totals:Principal Balance      3,051,698.41    3,020,059.93     9,202,444.10   10,134,436.6      301,295.83   2,132,974.67
        Percentage of Balance        0.887%          0.878%           2.675%         2.946%          0.088%         0.620%
        Loan Count                       40              33              105            118               4             16
        Percentage Of Loans          1.253%          1.034%           3.289%         3.697%          0.125%         0.501%

 </TABLE>









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