CENTEX HOME EQUITY LOAN TRUST 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

                         CENTEX HOME EQUITY CORPORATION
            Home Equity Loan Asset-Backed Certs., Series 1999-2 Trust


New York (governing law of          333-54027-02   52-2179921
Pooling and Servicing Agreement)    (Commission    52-2179922
(State or other                     File Number)   IRS EIN
jurisdiction


        c/o Norwest Bank Minnesota, N.A.
        11000 Broken Land Parkway                            21044
        Columbia, MD                                        (Zip Code)
        (Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000



          Former name or former address, if changed since last report)


ITEM 5.  Other Events

On October 25, 1999 a distribution was made to holders of CENTEX HOME EQUITY
CORPORATION, Home Equity Loan Asset-Backed Certs., 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             Home Equity Loan Asset-Backed Certs.,
                                 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.



                          CENTEX HOME EQUITY CORPORATION
             Home Equity Loan Asset-Backed Certs., Series 1999-2 Trust

              By:   Norwest Bank Minnesota, N.A., as Trustee
              By:   /s/ Edward Frere, Vice President
              By:   Edward Frere, Vice President
              Date: 11/3/99


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Home Equity Loan
                Asset-Backed Certs., Series 1999-2 Trust, relating to the
                October 25, 1999 distribution.






<TABLE>
<CAPTION>
Centex Home Equity Corporation
Mortgage Pass-Through Certificates
Record Date:            9/30/99
Distribution Date:     10/25/99


CHEC  Series: 1999-2
Contact: Customer Service - Columbia,  MD
         Norwest Bank Minnesota, N.A.
         Securities Administration Services
         11000 Broken Land Parkway
         Columbia, MD 21044
         Telephone: (301) 815-6600
         Fax:       (410) 884-2369


                                             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        152314BE9         SEN          5.91000%     67,282,450.61      331,366.07    3,149,163.22
    A-2        152314BF6         SEN          6.10000%     13,366,000.00       67,943.83            0.00
    A-3        152314BG4         SEN          6.26000%     31,185,000.00      162,681.75            0.00
    A-4        152314BH2         SEN          6.60000%     29,916,000.00      164,538.00            0.00
    A-5        152314BJ8         SEN          7.00000%     19,506,000.00      113,785.00            0.00
    A-6        152314BK5         SEN          6.60000%     18,600,000.00      102,300.00            0.00
    A-7        152314BL3         SEN          5.63250%     79,645,172.43      348,912.22    1,846,645.69
    A-8        152314BM1         SEN          6.04000%     15,000,000.00       75,500.00            0.00
    X-IO       CTX992XIO         IO           0.00000%              0.00            0.00            0.00
    R-1        CTX9902R1         RES          0.00000%              0.00            0.00            0.00
    R-2        CTX9902R2         RES          0.00000%              0.00            0.00            0.00
Totals                                                    274,500,623.04    1,367,026.87    4,995,808.91
</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          64,133,287.38             3,480,529.29                      0.00
A-2                            0.00          13,366,000.00                67,943.83                      0.00
A-3                            0.00          31,185,000.00               162,681.75                      0.00
A-4                            0.00          29,916,000.00               164,538.00                      0.00
A-5                            0.00          19,506,000.00               113,785.00                      0.00
A-6                            0.00          18,600,000.00               102,300.00                      0.00
A-7                            0.00          77,798,526.74             2,195,557.91                      0.00
A-8                            0.00          15,000,000.00                75,500.00                      0.00
X-IO                           0.00                   0.00                     0.00                      0.00
R-1                            0.00                   0.00                     0.00                      0.00
R-2                            0.00                   0.00                     0.00                      0.00
Totals                         0.00         269,504,814.12             6,362,835.78                      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                  73,427,000.00      67,282,450.61         168,692.52    2,980,470.70           0.00            0.00
A-2                  13,366,000.00      13,366,000.00               0.00            0.00           0.00            0.00
A-3                  31,185,000.00      31,185,000.00               0.00            0.00           0.00            0.00
A-4                  29,916,000.00      29,916,000.00               0.00            0.00           0.00            0.00
A-5                  19,506,000.00      19,506,000.00               0.00            0.00           0.00            0.00
A-6                  18,600,000.00      18,600,000.00               0.00            0.00           0.00            0.00
A-7                  84,000,000.00      79,645,172.43          44,964.42    1,801,681.27           0.00            0.00
A-8                  15,000,000.00      15,000,000.00               0.00            0.00           0.00            0.00
X-IO                          0.00               0.00               0.00            0.00           0.00            0.00
R-1                           0.00               0.00               0.00            0.00           0.00            0.00
R-2                           0.00               0.00               0.00            0.00           0.00            0.00
Totals              285,000,000.00     274,500,623.04         213,656.94    4,782,151.97           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                           3,149,163.22         64,133,287.38           0.87342922      3,149,163.22
A-2                                   0.00         13,366,000.00           1.00000000              0.00
A-3                                   0.00         31,185,000.00           1.00000000              0.00
A-4                                   0.00         29,916,000.00           1.00000000              0.00
A-5                                   0.00         19,506,000.00           1.00000000              0.00
A-6                                   0.00         18,600,000.00           1.00000000              0.00
A-7                           1,846,645.69         77,798,526.74           0.92617294      1,846,645.69
A-8                                   0.00         15,000,000.00           1.00000000              0.00
X-IO                                  0.00                  0.00           0.00000000              0.00
R-1                                   0.00                  0.00           0.00000000              0.00
R-2                                   0.00                  0.00           0.00000000              0.00
Totals                        4,995,808.91        269,504,814.12           0.94563093      4,995,808.91
</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                    73,427,000.00        916.31757542         2.29741812         40.59093658        0.00000000
A-2                    13,366,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3                    31,185,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    29,916,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-5                    19,506,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-6                    18,600,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-7                    84,000,000.00        948.15681464         0.53529071         21.44858655        0.00000000
A-8                    15,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
X-IO                            0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-1                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-2                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>

</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         42.88835469            873.42922059          0.87342922        42.88835469
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         21.98387726            926.17293738          0.92617294        21.98387726
A-8                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
X-IO                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-1                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-2                     0.00000000          0.00000000              0.00000000          0.00000000         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                73,427,000.00        5.91000%      67,282,450.61          331,366.07           0.00             0.00
A-2                13,366,000.00        6.10000%      13,366,000.00           67,943.83           0.00             0.00
A-3                31,185,000.00        6.26000%      31,185,000.00          162,681.75           0.00             0.00
A-4                29,916,000.00        6.60000%      29,916,000.00          164,538.00           0.00             0.00
A-5                19,506,000.00        7.00000%      19,506,000.00          113,785.00           0.00             0.00
A-6                18,600,000.00        6.60000%      18,600,000.00          102,300.00           0.00             0.00
A-7                84,000,000.00        5.63250%      79,645,172.43          348,912.23           0.00             0.00
A-8                15,000,000.00        6.04000%      15,000,000.00           75,500.00           0.00             0.00
X-IO                        0.00        0.00000%     274,502,096.57                0.00           0.00             0.00
R-1                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-2                         0.00        0.00000%               0.00                0.00           0.00             0.00
Totals            285,000,000.00                                           1,367,026.88           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           331,366.07                0.00      64,133,287.38
 A-2                            0.00                0.00            67,943.83                0.00      13,366,000.00
 A-3                            0.00                0.00           162,681.75                0.00      31,185,000.00
 A-4                            0.00                0.00           164,538.00                0.00      29,916,000.00
 A-5                            0.00                0.00           113,785.00                0.00      19,506,000.00
 A-6                            0.00                0.00           102,300.00                0.00      18,600,000.00
 A-7                            0.00                0.00           348,912.22                0.00      77,798,526.74
 A-8                            0.00                0.00            75,500.00                0.00      15,000,000.00
 X-IO                           0.00                0.00                 0.00                0.00     269,598,122.90
 R-1                            0.00                0.00                 0.00                0.00               0.00
 R-2                            0.00                0.00                 0.00                0.00               0.00
 Totals                         0.00                0.00         1,367,026.87                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                  73,427,000.00        5.91000%         916.31757542        4.51286407        0.00000000        0.00000000
A-2                  13,366,000.00        6.10000%        1000.00000000        5.08333308        0.00000000        0.00000000
A-3                  31,185,000.00        6.26000%        1000.00000000        5.21666667        0.00000000        0.00000000
A-4                  29,916,000.00        6.60000%        1000.00000000        5.50000000        0.00000000        0.00000000
A-5                  19,506,000.00        7.00000%        1000.00000000        5.83333333        0.00000000        0.00000000
A-6                  18,600,000.00        6.60000%        1000.00000000        5.50000000        0.00000000        0.00000000
A-7                  84,000,000.00        5.63250%         948.15681464        4.15371702        0.00000000        0.00000000
A-8                  15,000,000.00        6.04000%        1000.00000000        5.03333333        0.00000000        0.00000000
X-IO                          0.00        0.00000%         963.16008085        0.00000000        0.00000000        0.00000000
R-1                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-2                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5) All Factors are per $1000 denominations.

</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         4.51286407          0.00000000          873.42922059
A-2                   0.00000000        0.00000000         5.08333308          0.00000000         1000.00000000
A-3                   0.00000000        0.00000000         5.21666667          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         5.50000000          0.00000000         1000.00000000
A-5                   0.00000000        0.00000000         5.83333333          0.00000000         1000.00000000
A-6                   0.00000000        0.00000000         5.50000000          0.00000000         1000.00000000
A-7                   0.00000000        0.00000000         4.15371690          0.00000000          926.17293738
A-8                   0.00000000        0.00000000         5.03333333          0.00000000         1000.00000000
X-IO                  0.00000000        0.00000000         0.00000000          0.00000000          945.95324805
R-1                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-2                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
<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>
       OC               0.00000%     2,716,589.86       3,769,996.24     2,716,589.86       3,769,996.24    179,473.20705135%
      FSA           1,200.00000%   274,500,623.04     269,504,814.31             0.00               0.00    667,504.18404954%
  FG_REIMB1             0.00000%             0.00               0.00             0.00               0.00          0.00000000%
  FG_REIMB2             0.00000%             0.00               0.00             0.00               0.00          0.00000000%

</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           6,408,873.65
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              109,512.43
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   6,518,386.08

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         116,662.24
    Payment of Interest and Principal                                                            6,309,862.24
Total Withdrawals (Pool Distribution Amount)                                                     6,426,524.48

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                                                                                115,507.64
FSA Premium                                                                                         38,887.59
Trustee Fee - Norwest Bank                                                                           1,155.07
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  155,550.30

</TABLE>
<TABLE>
<CAPTION>

                                                         OTHER ACCOUNTS
                                               Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
Financial Guaranty                                    0.00              0.00              0.00             0.00
Financial Guaranty                                    0.00              0.00              0.00             0.00
Reserve Fund                                          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                                  88      5,539,001.16               2.193967%          2.026898%
60 Days                                  35      2,032,208.45               0.872600%          0.743650%
90+ Days                                 10        517,458.44               0.249314%          0.189355%
Foreclosure                              48      3,115,954.05               1.196709%          1.140227%
REO                                       1         21,781.71               0.024931%          0.007971%
Totals                                  182     11,226,403.81               4.537522%          4.108100%
</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                                                                               109,512.43
</TABLE>
<TABLE>

<S>        <C>    <C>                <C>              <C>              <C>               <C>             <C>
Class    A-1      211,573,000.00     74.23614035%     205,371,526.74   75.15201504%      23.468423%      0.000000%
Class    A-2      198,207,000.00     69.54631579%     192,005,526.74   70.26096783%       4.891047%      0.000000%
Class    A-3      167,022,000.00     58.60421053%     160,820,526.74   58.84937818%      11.411590%      0.000000%
Class    X-IO     137,106,000.00     48.10736842%     130,904,526.74   47.90215625%       0.000000%      0.000000%
Class    A-5      117,600,000.00     41.26315789%     111,398,526.74   40.76428651%       7.137870%      0.000000%
Class    A-6       99,000,000.00     34.73684211%      92,798,526.74   33.95795117%       6.806335%      0.000000%
Class    A-7       15,000,000.00      5.26315789%      15,000,000.00    5.48898011%      28.468971%      0.000000%
Class    A-8                0.00      0.00000000%               0.00    0.00000000%       5.488980%      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 ARM

 Weighted Average Gross Coupon                                         0.000000%
 Weighted Average Net Coupon                                          10.650748%
 Weighted Average Pass-Through Rate                                    0.000000%
 Weighted Average Maturity(Stepdown Calculation )                            325
 Beginning Scheduled Collateral Loan Count                                 4,059

 Number Of Loans Paid In Full                                                 48
 Ending Scheduled Collateral Loan Count                                    4,011
 Beginning Scheduled Collateral Balance                           277,217,213.11
 Ending Scheduled Collateral Balance                              273,274,810.57
 Ending Actual Collateral Balance at 30-Sep-1999                  273,274,810.57
 Monthly P &I Constant                                              2,789,698.41
 Ending Scheduled Balance for Premium Loans                       273,274,810.57
 Scheduled Principal                                                  213,715.11
 Unscheduled Principal                                              3,728,687.43
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2                   Total
 Collateral Description                                             Mixed Fixed                 Mixed ARM
 Weighted Average Coupon Rate                                         11.352108                 10.769645
 Weighted Average Net Rate                                            10.847108                 10.264645
 Weighted Average Maturity                                               311.00                    353.00
 Beginning Loan Count                                                     3,069                       990                   4,059
 Loans Paid In Full                                                          37                        11                      48
 Ending Loan Count                                                        3,032                       979                   4,011
 Beginning Scheduled Balance                                     181,383,033.72             95,834,179.39          277,217,213.11
 Ending scheduled Balance                                        178,905,343.89             94,369,466.68          273,274,810.57
 Record Date                                                            9/30/99                   9/30/99
 Principal And Interest Constant                                   1,884,592.39                905,047.85            2,789,640.24
 Scheduled Principal                                                 168,692.52                 44,964.42              213,656.94
 Unscheduled Principal                                             2,217,135.95              1,419,748.29            3,636,884.24
 Scheduled Interest                                                1,715,899.87                860,083.43            2,575,983.30


 Servicing Fees                                                       75,576.26                 39,930.90              115,507.16
 Master Servicing Fees                                                     0.00                      0.00                    0.00
 Trustee Fee                                                               0.00                      0.00                    0.00
 FRY Amount                                                                0.00                      0.00                    0.00
 Special Hazard Fee                                                        0.00                      0.00                    0.00
 Other Fee                                                               755.76                    399.31                1,155.07
 Pool Insurance Fee                                                        0.00                      0.00                    0.00
 Spread Fee 1                                                              0.00                      0.00                    0.00
 Spread Fee 2                                                              0.00                      0.00                    0.00
 Spread Fee 3                                                              0.00                      0.00                    0.00
 Net Interest                                                      1,639,567.85                819,753.22            2,459,321.07
 Realized Loss Amount                                                      0.00                      0.00                    0.00
 Cumulative Realized Loss                                                  0.00                      0.00                    0.00
 Percentage of Cumulative Losses                                           0.00                      0.00                    0.00


 Group ID                                                                    1                          2                    Total
 Subordinate Amount                                               2,107,194.93               1,570,939.94             3,678,134.88
 Subordinate Reduction Amount                                             0.00                       0.00                     0.00
 Required Subordinate Amount                                      3,720,003.98               4,207,580.82             7,927,584.80
 Subordinate Increase Amount                                      2,284,282.23                 381,932.80             2,666,215.03
 Extra Principal Distribution Amount                                671,473.19                 381,932.80             1,053,405.99
 Excess Cash Amount                                                 671,473.19                 381,932.98             1,053,406.17



 </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      3,776,726.65    1,228,379.52       312,516.30   2,326,617.58       21,781.71      753,261.88
        Percentage Of Balance        2.111%          0.687%           0.175%         1.300%          0.012%          0.421%
        Loan Count                       69              25                7             36               1              15
        Percentage Of Loans          2.276%          0.825%           0.231%         1.187%          0.033%          0.495%

  2     Principal Balance      1,762,274.51      803,828.93       204,942.14     789,336.47            0.00      424,630.55
        Percentage Of Balance        1.867%          0.852%           0.217%         0.836%          0.000%          0.450%
        Loan Count                       19              10                3             12               0               6
        Percentage Of Loans          1.941%          1.021%           0.306%         1.226%          0.000%          0.613%

 Totals:Principal Balance      5,539,001.16    2,032,208.45       517,458.44   3,115,954.05       21,781.71    1,177,892.43
        Percentage of Balance        2.027%          0.744%           0.189%         1.140%          0.008%          0.431%
        Loan Count                       88              35               10             48               1              21
        Percentage Of Loans          2.194%          0.873%           0.249%         1.197%          0.025%          0.524%

 </TABLE>









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