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Previous: CENTEX HOME EQUITY LOAN TRUST 1999-2, 8-K, 2000-01-06 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-15 TRUST, 8-K, 2000-01-06 |
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
CITY CAPITAL HOME LOAN TRUST
Mortgage Pass-Through Certificates, Series 1999-1 Trust
New York (governing law of 333-67329-03 54-1887915
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On December 27, 1999 a distribution was made to holders of CITY CAPITAL HOME
LOAN TRUST, Mortgage Pass-Through Certificates, Series 1999-1 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1999-1 Trust, relating to the 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.
CITY CAPITAL HOME LOAN TRUST
Mortgage Pass-Through Certificates, Series 1999-1 Trust
By: Wilmington Trust Co., as Owner Trustee
By: /s/ Robert P. Hines Jr., Officer
By: Robert P. Hines Jr., Officer
Date: 1/5/00
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-1 Trust, relating to the December 27,
1999 distribution.
<TABLE>
<CAPTION>
CITY CAPITAL HOME LOAN TRUST
Mortgage Pass-Through Certificates
Record Date: 11/30/99
Distribution Date: 12/27/99
CCH Series: 1999-1
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 177766AL6 SEQ 6.85000% 220,892,974.78 1,260,930.73 3,080,728.41
OC CCH9901OC SUB 0.00000% 29,894,225.11 0.00 0.00
TRST SEQ 0.00000% 0.00 0.00 0.00
Totals 250,787,199.89 1,260,930.73 3,080,728.41
</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 0.00 217,812,246.37 4,341,659.14 0.00
OC 404,600.40 30,649,392.44 0.00 563,808.01
TRST 0.00 0.00 0.00 0.00
Totals 404,600.40 248,461,638.81 4,341,659.14 563,808.01
<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 238,236,000.00 220,892,974.78 334,983.44 2,745,744.97 0.00 0.00
OC 23,273,912.20 29,894,225.11 0.00 0.00 0.00 404,600.40
TRST 0.00 0.00 0.00 0.00 0.00 0.00
Totals 261,509,912.20 250,787,199.89 334,983.44 2,745,744.97 0.00 404,600.40
<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 3,080,728.41 217,812,246.37 0.91427092 3,080,728.41
OC 404,600.40 30,649,392.44 1.31689903 0.00
TRST 0.00 0.00 0.00000000 0.00
Totals 3,485,328.81 248,461,638.81 0.95010410 3,080,728.41
</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 238,236,000.00 927.20233206 1.40609916 11.52531511 0.00000000
OC 23,273,912.20 1284.45208752 0.00000000 0.00000000 0.00000000
TRST 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 12.93141427 914.27091779 0.91427092 12.93141427
OC 17.38428832 17.38428832 1,316.89903170 1.31689903 0.00000000
TRST 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 238,236,000.00 6.85000% 220,892,974.78 1,260,930.73 0.00 0.00
OC 23,273,912.20 0.00000% 29,894,225.11 0.00 0.00 0.00
TRST 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 261,509,912.20 1,260,930.73 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 0.00 0.00 1,260,930.73 0.00 217,812,246.37
OC 0.00 0.00 0.00 0.00 30,649,392.44
TRST 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,260,930.73 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 238,236,000.00 6.85000% 927.20233206 5.29277997 0.00000000 0.00000000
OC 23,273,912.20 0.00000% 1284.45208752 0.00000000 0.00000000 0.00000000
TRST 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000000 0.00000000 5.29277997 0.00000000 914.27091779
OC 0.00000000 0.00000000 0.00000000 0.00000000 1316.89903170
TRST 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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,038,011.53
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (404,600.40)
Total Deposits 4,633,411.13
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 291,751.99
Payment of Interest and Principal 4,341,659.14
Total Withdrawals (Pool Distribution Amount) 4,633,411.13
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 208,989.34
Trustee Fee 1,840.77
Pool Insurance Fee 58,978.00
Master Servicing Fee 19,853.98
Custodial Fee 2,089.90
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 291,751.99
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
MBIA Insurance 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 62 2,160,851.71 0.919608% 0.869692%
60 Days 23 776,608.13 0.341145% 0.312567%
90+ Days 43 1,556,828.46 0.637793% 0.626587%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 128 4,494,288.30 1.898546% 1.808846%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 404,600.40
Cumulative Realized Losses - Includes Interes Shortfall 563,808.01
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 12.978894%
Weighted Average Net Coupon 11.978894%
Weighted Average Pass-Through Rate 11.582881%
Weighted Average Maturity(Stepdown Calculation) 240
Beginning Scheduled Collateral Loan Count 6,797
Number Of Loans Paid In Full 55
Ending Scheduled Collateral Loan Count 6,742
Beginning Scheduled Collateral Balance 250,787,199.89
Ending Scheduled Collateral Balance 248,461,638.81
Ending Actual Collateral Balance at 30-Nov-1999 248,461,638.81
Monthly P &I Constant 3,047,375.04
Ending Scheduled Balance for Premium Loans 248,461,638.81
Scheduled Principal 334,983.44
Unscheduled Principal 1,990,577.64
Required Overcollateralization Amount 36,611,387.68
Overcollateralized Increase Amount 1,159,767.73
Overcollateralized reduction Amount 0.00
Specified O/C Amount 0.00
Overcollateralized Amount 29,489,624.71
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 2,615,099.12
Extra principal distribution Amount 1,159,767.73
Excess Cash Amount 1,159,767.73
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Aggregate Balance - 3 Largest Loans 306,993.90
Delinquency Loss Factor 2,485,345.45
Rolling Loss Percentage 0.2367%
Rolling Delinquency Percentage 0.8675%
Cummulative Loss Percentage 0.2367%
Total Expected Losses 3,049,153.46
Rolling Three Month Average Annualized 0.2563%
Losses
Aggregate Balance of Repurchases 0.00
Aggregate Repurchases - 3 Months 0.00
Delinquent
Current Percentage of Loans Modified 0.00
Cummulative Percentage of Loans Modified 0.00
</TABLE>
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