Payment Date: 06/25/99
------------------------------------------------------------
Countrywide Asset Backed Securities
Series 1999-3, SERIES 1999-3
------------------------------------------------------------
<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 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AF2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AF3 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AF4 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AF5 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AF6 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AF7 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
MF1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
MF2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
BF 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
AV1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
MV1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
MV2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
BV 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
BFI 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
BVI 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
Residual R 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 0.00 - 0.00 0.00 0.00 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior AF1 92,450,000.00 0.00
AF2 40,694,000.00 0.00
AF3 27,579,000.00 0.00
AF4 14,123,000.00 0.00
AF5 22,922,000.00 0.00
AF6 10,682,000.00 0.00
AF7 14,500,000.00 0.00
MF1 7,350,000.00 0.00
MF2 7,350,000.00 0.00
BF 6,125,000.00 0.00
AV1 532,400,000.00 0.00
MV1 25,712,000.00 0.00
MV2 24,200,000.00 0.00
BV 21,175,000.00 0.00
BFI 0.00 0.00
BVI 0.00 0.00
Residual R 0.00 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 847,262,000.00 -
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 06/25/99
------------------------------------------------------------
Countrywide Asset Backed Securities
Series 1999-3, SERIES 1999-3
------------------------------------------------------------
<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 0.00 0.000000% 126671GC4 0.000000 0.000000 1,000.000000
AF2 0.00 0.000000% 126671GD2 0.000000 0.000000 1,000.000000
AF3 0.00 0.000000% 126671GE0 0.000000 0.000000 1,000.000000
AF4 0.00 0.000000% 126671GF7 0.000000 0.000000 1,000.000000
AF5 0.00 0.000000% 126671GG5 0.000000 0.000000 1,000.000000
AF6 0.00 0.000000% 126671GH3 0.000000 0.000000 1,000.000000
AF7 0.00 0.000000% 126671GJ9 0.000000 0.000000 1,000.000000
MF1 0.00 0.000000% 126671GK6 0.000000 0.000000 1,000.000000
MF2 0.00 0.000000% 126671GL4 0.000000 0.000000 1,000.000000
BF 0.00 0.000000% 126671GM2 0.000000 0.000000 1,000.000000
AV1 0.00 0.000000% 126671GN0 0.000000 0.000000 1,000.000000
MV1 0.00 0.000000% 126671GP5 0.000000 0.000000 1,000.000000
MV2 0.00 0.000000% 126671GQ3 0.000000 0.000000 1,000.000000
BV 0.00 0.000000% 126671GR1 0.000000 0.000000 1,000.000000
BFI 0.00 0.000000% N/A 0.000000 0.000000 0.000000
BVI 0.00 0.000000% N/A 0.000000 0.000000 0.000000
Residual R 0.00 0.000000% N/A 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 0.00 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Countrywide Asset Backed Securities
Series 1999-3, SERIES 1999-3
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Principal balance100,000,366.61 145,000,663.68 605,000,374.10 850,001,404.39
Loan count 0 0 0 0
Average loan rate 0.000000% 0.000000% 0.000000% 0.00
Prepayment amount 0.00 0.00 0.00 0.00
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 0.00 0.00 0.00 0.00
Monthly sub servicer fees 0.00 0.00 0.00 0.00
Monthly trustee fees 0.00 0.00 0.00 0.00
Aggregate advances N/A N/A N/A N/A
Advances this periods 0.00 0.00 0.00 0.00
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00 0.00 0.00
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 0.00 0.00 0.00 0.00
Special Hazard 0.00 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 0.000000% 100.000000% 0.00
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 0 0.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 0 0.00
--------------------------------------------------------------------------------
<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
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 0.00 0.00
Principal remittance amount 0.00 0.00
Interest remittance amount 0.00 0.00
