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 earliest event reported: 15-Dec-99
WMC SECURED ASSETS CORP.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF SEPTEMBER 30, 1999, PROVIDING FOR THE ISSUANCE
OF FLOATING RATE MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 1999-A)
WMC Secured Assets Corp.
(Exact name of registrant as specified in its charter)
Delaware 333-59687 95-4683489
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
6320 Canoga Avenue
Woodland Hills, CA 91367
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (818) 592-2610
Item 5. Other Events
On 15-Dec-99 a scheduled distribution was made from the
trust to holders of the certificates. The Trustee has caused
to be filed with the commission, the Monthly Report dated
15-Dec-99 The Monthly Report is filed pursuant to and
in accordance with (1) numerous no-action letters (2) current
Commission policy in the area.
A. Monthly Report Information:
See Exhibit No.1
B. Have any deficiencies occurred? NO.
Date:
Amount:
C. Item 1: Legal Proceedings: NONE
D. Item 2: Changes in Securities: NONE
E. Item 4: Submis of Matters to Vote of Certholders: NONE
F. Item 5: Other Information - Form 10-Q, Part II -
Items 1,2,4,5 if applicable: NOT APPLICABLE
Item 7. Monthly Statements and Exhibits
Exhibit No.
1.Mon Dist Rep dated 15-Dec-99
WMC SECURED ASSETS CORP.,
WMC MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 1999-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 12/15/99
Class Cusip
A 92928SAL8
M-1 92928SAM6
M-2 92928SAN4
M-3 92928SAP9
CE N/A
P N/A
R-III N/A
Total
Beginning
Certificate
Class Bal(1)
A 192,286,707.12
M-1 19,375,000.00
M-2 13,750,000.00
M-3 10,625,000.00
CE 13,749,900.00
P 100.00
R-III 0.00
Total 249,786,707.12
Class Prin
A 674,563.03
M-1 0.00
M-2 0.00
M-3 0.00
CE 0.00
P 0.00
R-III 0.00
Total 674,563.03
Class Int
A 937,397.70
M-1 101,718.75
M-2 79,062.50
M-3 78,802.08
CE 753,307.25
P 14,969.83
R-III 0.00
Total 1,965,258.12
Class Losses
A 0.00
M-1 0.00
M-2 0.00
M-3 0.00
CE 0.00
P 0.00
R-III 0.00
Total 0.00
Ending
Certificate
Class Bal
A 191,612,144.09
M-1 19,375,000.00
M-2 13,750,000.00
M-3 10,625,000.00
CE 13,749,900.00
P 100.00
R-III 0.00
Total 249,112,144.09
AMOUNTS PER $1,000 UNIT
Class Prin
A 3.504224
M-1 0.000000
M-2 0.000000
M-3 0.000000
CE 0.000000
P 0.000000
Class Int
A 4.869598
M-1 5.250000
M-2 5.750000
M-3 7.416666
CE 54.786380
P 149698.300000
Class Total
A 8.37382
M-1 5.25000
M-2 5.75000
M-3 7.41667
CE 54.78638
P 149698.30000
Ending
Certificate
Class Bal
A 995.387762
M-1 1000.000000
M-2 1000.000000
M-3 1000.000000
CE 1000.000000
P 1000.000000
Class Losses
A 0.000000
M-1 0.000000
M-2 0.000000
M-3 0.000000
CE 0.000000
P 0.000000
Current
Pass-Through
Class Int R
A 5.85000%
M-1 6.30000%
M-2 6.90000%
M-3 8.90000%
CE 3.61896%
P NA
Section 4.03 (i.)
PRINCIPAL DISTRIBUTIONS
See Page 1
Section 4.03 (ii.)
INTEREST DISTRIBUTIONS
See Page 1
Section 4.03 (iv.)
BALS AS OF: 12/15/99
Bal
Prin Bal Mor Loans $249,112,144.09
Prin Bal REO Props $0.00
$249,112,144.09
Count
Prin Bal Mor Loans 2150
Prin Bal REO Props 0
2150
Section 4.03 (v.)
PRINCIPAL AND INTEREST
DISTRIBUTION AMOUNTS
See Page 1
Section 4.02 (vi.)
DELINQUENCY INFORMATION
Number
30-59 days delinq 34
60-89 days delinq 0
90+ days delinq 0
Foreclosures 0
Unpaid Prin
Bal
30-59 days delinq $3,249,719.13
60-89 days delinq $0.00
90+ days delinq $0.00
Foreclosures $0.00
Stated Prin
Bal
30-59 days delinq $3,246,957.24
60-89 days delinq $0.00
90+ days delinq $0.00
Foreclosures $0.00
Section 4.02 (vii.)
REO INFORMATION
Tot BV REO Props: 0.00
Section 4.02 (viii.)
INTEREST DISTRIBUTION AMOUNTS
Reduction from the Allocation of:
Int
Distrib
Amt
A $937,397.70
M-1 $101,718.75
M-2 $79,062.50
M-3 $78,802.08
CE $753,307.26
TOTAL $1,950,288.29
Unpaid
Int Short
Amt
A $0.00
M-1 $0.00
M-2 $0.00
M-3 $0.00
CE NA
TOTAL $0.00
Real
Losses
A $0.00
M-1 $0.00
M-2 $0.00
M-3 $0.00
CE $0.00
TOTAL $0.00
Prepay
Int
Shortfalls
A $0.00
M-1 $0.00
M-2 $0.00
M-3 $0.00
CE $0.00
TOTAL $0.00
Rel Act
Int
Shortfalls
A $0.00
M-1 $0.00
M-2 $0.00
M-3 $0.00
CE $0.00
TOTAL $0.00
Section 4.02 (ix.)
Req Overcoll Amt $13,749,900.00
Overc Amt $13,749,900.00
Section 4.02 (x.)
Ext Prin Distrib $0.00
Section 4.02 (xi.)
Overcoll Red Amt $0.00
Section 4.02 (xii.)
Cred Enhan Perc 23.08193%
Section 4.02 (xiii.)
REALIZED LOSSES
Realized Losses that were incurred during the related Due Period
Cur Real Losses $0.00
Cum Real Losses $0.00
Section 4.02 (xiv.)
W/A Rem Trm Mat 352
Section 4.02 (xv.)
WAM Rate 9.87538%
Section 4.02 (xvi.)
PASS-THROUGH RATES
See Page 1
Section 4.02 (xvii.)
Step Date Occur NO
Trig Event Occur NO
OC Red Lock Eve NO
Serv Term Eve NO
Section 4.02 (xviii.)
Mas Serv Comp $104,077.79
Trus Fees $1,248.93
Section 4.02 (xix.)
Advs
Monthly Advs 1,587,017.43
*Note: Int Advs made on Mor Loans that haven't
made pay as of: 12/1/99
SIGNATURES
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 thereunto duly authorized.
WMC SECURED ASSETS CORP.
By: /s/ Richard Tarnas
Name: Richard Tarnas
Title: Vice President
Bank One
Dated: 12/31/99
