Payment Date: 05/25/00
------------------------------------------------------------
Countrywide Home Loans
Asset-Backed Certificates, Series 1999-2
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior AF1 27,122,417.87 6.130000% 2,148,886.23 138,550.35 2,287,436.58 0.00 0.00
AF2 30,822,000.00 6.240000% 0.00 160,274.40 160,274.40 0.00 0.00
AF3 19,666,000.00 6.390000% 0.00 104,721.45 104,721.45 0.00 0.00
AF4 22,736,000.00 6.780000% 0.00 128,458.40 128,458.40 0.00 0.00
AF5 11,628,000.00 7.170000% 0.00 69,477.30 69,477.30 0.00 0.00
AF6 15,500,000.00 6.730000% 0.00 86,929.17 86,929.17 0.00 0.00
MF1 5,037,000.00 7.090000% 0.00 29,760.27 29,760.27 0.00 0.00
MF2 2,713,000.00 7.480000% 0.00 16,911.03 16,911.03 0.00 0.00
BF 3,100,000.00 8.700000% 0.00 22,475.00 22,475.00 0.00 0.00
AV1 232,942,906.34 6.370000% 3,220,715.61 1,236,538.59 4,457,254.20 0.00 0.00
MV1 14,962,000.00 6.590000% 0.00 82,166.32 82,166.32 0.00 0.00
MV2 11,025,000.00 7.050000% 0.00 64,771.88 64,771.88 0.00 0.00
BV 11,813,000.00 8.750000% 0.00 86,136.46 86,136.46 0.00 0.00
BFI 0.00 0.000000% 0.00 290,088.55 290,088.55 0.00 0.00
BVI 0.00 0.000000% 0.00 453,446.74 453,446.74 0.00 0.00
Residual R 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 409,067,324.21 - 5,369,601.84 2,970,705.90 8,340,307.74 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior AF1 24,973,531.64 0.00
AF2 30,822,000.00 0.00
AF3 19,666,000.00 0.00
AF4 22,736,000.00 0.00
AF5 11,628,000.00 0.00
AF6 15,500,000.00 0.00
MF1 5,037,000.00 0.00
MF2 2,713,000.00 0.00
BF 3,100,000.00 0.00
AV1 229,722,190.73 0.00
MV1 14,962,000.00 0.00
MV2 11,025,000.00 0.00
BV 11,813,000.00 0.00
BFI 0.00 0.00
BVI 0.00 0.00
Residual R 0.00 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 403,697,722.37 -
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 05/25/00
------------------------------------------------------------
Countrywide Home Loans
Asset-Backed Certificates, Series 1999-2
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
Senior AF1 27,122,417.87 6.130000% 126671FP6 49.063570 3.163394 570.197992
AF2 30,822,000.00 6.240000% 126671FQ4 0.000000 5.200000 1,000.000000
AF3 19,666,000.00 6.390000% 126671FR2 0.000000 5.325000 1,000.000000
AF4 22,736,000.00 6.780000% 126671FS0 0.000000 5.650000 1,000.000000
AF5 11,628,000.00 7.170000% 126671FT8 0.000000 5.975000 1,000.000000
AF6 15,500,000.00 6.730000% 126671FU5 0.000000 5.608333 1,000.000000
MF1 5,037,000.00 7.090000% 126671FV3 0.000000 5.908333 1,000.000000
MF2 2,713,000.00 7.480000% 126671FW1 0.000000 6.233333 1,000.000000
BF 3,100,000.00 8.700000% 126671FX9 0.000000 7.250000 1,000.000000
AV1 232,942,906.34 6.370000% 126671FY7 11.618743 4.460817 828.723632
MV1 14,962,000.00 6.590000% 126671FZ4 0.000000 5.491667 1,000.000000
MV2 11,025,000.00 7.050000% 126671GA8 0.000000 5.875000 1,000.000000
BV 11,813,000.00 8.750000% 126671GB6 0.000000 7.291667 1,000.000000
BFI 0.00 0.000000% PRIVATE 0.000000 0.000000 0.000000
BVI 0.00 0.000000% PRIVATE 0.000000 0.000000 0.000000
Residual R 0.00 0.000000% PRIVATE 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 409,067,324.21 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Countrywide Home Loans
Asset-Backed Certificates, Series 1999-2
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 138,190,614.39 273,822,276.65 412,012,891.04
Loan count 1921 2608 4529
Avg loan rate 9.458097% 8.929269% 9.11
Prepay amount 1,977,423.38 2,946,334.27 4,923,757.65
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 56,975.16 112,113.92 169,089.08
Sub servicer fees 0.00 0.00 0.00
Trustee fees 0.00 0.00 0.00
Agg advances N/A N/A N/A
Adv this period 179,029.80 354,324.01 533,353.81
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 22,998.35 22,998.35
Cumulative losses 51,363.36 36,102.58 87,465.94
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 3,100,127.30 6,300,085.92 9,400,213.22
Special Hazard 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 409,067,324.21
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 348 30,935,602.18
60 to 89 days 116 8,799,507.31
90 or more 81 6,261,934.66
Foreclosure 147 13,249,869.56
Totals: 692 59,246,913.71
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
REO INFORMATION
--------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 904,511.11
Current Total Outstanding Number of Loans: 13
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 8,340,307.74 8,340,307.74
Principal remittance amount 5,369,601.84 5,369,601.84
Interest remittance amount 2,970,705.90 2,970,705.90
