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 : December 16, 1999
(Date of earliest event reported)
Commission File No.: 333-38073-07
Merrill Lynch Mortgage Investors, Inc
Mortgage Pass-Through Certificates
Series 1999-C1
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
Pending
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland 21044
(Address of principal executive offices) (Zip Code)
(410) 884-2000
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
On December 16,1999 distribution was made to holders of Merrill Lynch Mortgage
Investors, Inc Mortgage Pass-Through Certificates Series 1999-C1
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Merrill Lynch
Mortgage Investors, Inc Mortgage Pass-Through Certificates
Series 1999-C1 , relating to the December 16, 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.
Merrill Lynch Mortgage Investors, Inc
Mortgage Pass-Through Certificates
Series 1999-C1
By: Norwest Bank Minnesota, N.A., as Trustee
By: /s/ Sherri Sharps, Vice President
By: Sherri Sharps, Vice President
Date: December 28, 1999
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1999-C1 Trust, relating to the
December 16, 1999 distribution
Norwest Bank Minnesota, N. A.
Corporate Trust Services Merrill Lynch Mortgage Investors, Inc
3 New York Plaza, 15th Floor Mortgage Pass-Through Certificates
New York, NY 10004 Series 1999- C1
For Additional Information, please contact
CTSLink Customer Service
(301)-816-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: 12/16/99
Record Date: 11/30/99
TRUSTEE REPORT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Ratings Detail 6
Current Mortgage Loan and Property Stratification Tables 7 - 9
Mortgage Loan Detail 10 - 13
Principal Prepayment Detail 14
Historical Detail 15
Delinquency Loan Detail 16
Specially Serviced Loan Detail 17 - 18
Modified Loan Detail 19
Liquidated Loan Detail 20
Underwriter
Merrill Lynch, Pierce, Fenner & Smith Incorporated
World Financial Center, North Tower
250 Vesey Street
New York, NY 10281
Contact: General Information Number
Phone Number: (212) 449-1000
Underwriter
PaineWebber Incorporated
1285 Avenue of the Americas
New York, NY 10019
Contact: General Information Number
Phone Number: (212) 713-2000
Servicer
ORIX Real Estate Capital Markets, LLC
1717 Main Street, 14th Floor
Dallas, TX 75201
Contact: Paul G. Smyth
Phone Number: (214) 237-2010
Special Servicer
ORIX Real Estate Capital Markets, LLC
1717 Main Street, 14th Floor
Dallas, TX 75201
Contact: Paul G. Smyth
Phone Number: (214) 237-2010
This report has been compiled from information provided to Norwest by various
third parties, which may include the Servicer, Master Servicer, Special Servicer
and others. Norwest has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so. Norwest
expressly disclaims any responsibility for the accuracy or completeness of
information furnished by third parties.
Copyright 1997, Norwest Bank Minnesota, N.A.
<TABLE>
<CAPTION>
Certificate Distribution Detail
Class CUSIP Pass- Through Original Beginning Principal
Rate Balance Balance Distribution
<S> <C> <C> <C> <C> <C>
A-1 589929UC0 7.370000% 97,600,000.00 97,600,000.00 463,880.56
A-2 589929UD8 7.560000% 337,847,000.00 337,847,000.00 0.00
B 589929UE6 7.710000% 32,584,000.00 32,584,000.00 0.00
C 589929UF3 7.850000% 26,660,000.00 26,660,000.00 0.00
D 589929UG1 7.850000% 8,887,000.00 8,887,000.00 0.00
E 589929UH9 7.850000% 20,735,000.00 20,735,000.00 0.00
F 589929UJ5 7.850000% 7,406,000.00 7,406,000.00 0.00
G 589929UL0 6.710000% 23,698,000.00 23,698,000.00 0.00
H 589929UM8 6.710000% 20,735,000.00 20,735,000.00 0.00
J 589929UN6 7.210000% 2,963,000.00 2,963,000.00 0.00
K 589929UP1 7.210000% 13,330,159.00 13,330,159.00 0.00
R-I NA 0.000000% 0.00 0.00 0.00
R-II NA 0.000000% 0.00 0.00 0.00
R-III NA 0.000000% 0.00 0.00 0.00
Totals 592,445,159.00 592,445,159.00 463,880.56
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Interest Prepayment Realized Loss/ Total
Distribution Penalties Additional Trust Distribution
Fund Expenses
<S> <C> <C> <C> <C> <C>
A-1 589929UC0 599,426.67 0.00 0.00 1,063,307.23
A-2 589929UD8 2,128,436.10 0.00 0.00 2,128,436.10
B 589929UE6 209,352.20 0.00 0.00 209,352.20
C 589929UF3 174,400.83 0.00 0.00 174,400.83
D 589929UG1 58,135.79 0.00 0.00 58,135.79
E 589929UH9 135,641.46 0.00 0.00 135,641.46
F 589929UJ5 48,447.58 0.00 0.00 48,447.58
G 589929UL0 132,511.32 0.00 0.00 132,511.32
H 589929UM8 115,943.21 0.00 0.00 115,943.21
J 589929UN6 17,802.69 0.00 0.00 17,802.69
K 589929UP1 80,092.04 0.00 0.00 80,092.04
R-I NA 0.00 0.00 0.00 0.00
R-II NA 0.00 0.00 0.00 0.00
R-III NA 0.00 0.00 0.00 0.00
Totals 3,700,189.89 0.00 0.00 4,164,070.45
</TABLE>
<TABLE>
<CAPTION>
Current
Subordination
Class CUSIP Ending Balance Level(1)
<S> <C> <C> <C>
A-1 589929UC0 97,136,119.44 26.52%
A-2 589929UD8 337,847,000.00 26.52%
B 589929UE6 32,584,000.00 21.02%
C 589929UF3 26,660,000.00 16.51%
D 589929UG1 8,887,000.00 15.01%
E 589929UH9 20,735,000.00 11.51%
F 589929UJ5 7,406,000.00 10.26%
G 589929UL0 23,698,000.00 6.25%
H 589929UM8 20,735,000.00 2.75%
J 589929UN6 2,963,000.00 2.25%
K 589929UP1 13,330,159.00 0.00%
R-I NA 0.00 0.00%
R-II NA 0.00 0.00%
R-III NA 0.00 0.00%
Totals 591,981,278.44
</TABLE>
<TABLE>
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<S> <C> <C> <C> <C>
IO 589929UK2 0.430064% 592,445,159.00 592,445,159.00
</TABLE>
<TABLE>
<CAPTION>
Ending
Interest Prepayment Total Notional
Class CUSIP Distribution Penalties Distribution Amount
<S> <C> <C> <C> <C> <C>
IO 589929UK2 212,324.56 0.00 212,324.56 591,981,278.44
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Beginning Principal Interest
Class CUSIP Balance Distribution Distribution
<S> <C> <C> <C> <C>
A-1 589929UC0 1000.00000000 4.75287459 6.14166670
A-2 589929UD8 1000.00000000 0.00000000 6.30000000
B 589929UE6 1000.00000000 0.00000000 6.42500000
C 589929UF3 1000.00000000 0.00000000 6.54166654
D 589929UG1 1000.00000000 0.00000000 6.54166648
E 589929UH9 1000.00000000 0.00000000 6.54166675
F 589929UJ5 1000.00000000 0.00000000 6.54166622
G 589929UL0 1000.00000000 0.00000000 5.59166681
H 589929UM8 1000.00000000 0.00000000 5.59166675
J 589929UN6 1000.00000000 0.00000000 6.00833277
K 589929UP1 1000.00000000 0.00000000 6.00833343
R-I NA 0.00000000 0.00000000 0.00000000
R-II NA 0.00000000 0.00000000 0.00000000
R-III NA 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Prepayment Realized Loss/ Ending
Class CUSIP Penalties Additional Trust Balance
Fund Expenses
<S> <C> <C> <C> <C>
A-1 589929UC0 0.00000000 0.00000000 995.24712541
A-2 589929UD8 0.00000000 0.00000000 1000.00000000
B 589929UE6 0.00000000 0.00000000 1000.00000000
C 589929UF3 0.00000000 0.00000000 1000.00000000
D 589929UG1 0.00000000 0.00000000 1000.00000000
E 589929UH9 0.00000000 0.00000000 1000.00000000
F 589929UJ5 0.00000000 0.00000000 1000.00000000
G 589929UL0 0.00000000 0.00000000 1000.00000000
H 589929UM8 0.00000000 0.00000000 1000.00000000
J 589929UN6 0.00000000 0.00000000 1000.00000000
K 589929UP1 0.00000000 0.00000000 1000.00000000
R-I NA 0.00000000 0.00000000 0.00000000
R-II NA 0.00000000 0.00000000 0.00000000
R-III NA 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Beginnning Ending
Notional Interest Prepayment Notional
Class CUSIP Amount Distribution Penalties Amount
<S> <C> <C> <C> <C> <C>
IO 589929UK2 1000.00000000 0.35838686 0.00000000 999.21700675
</TABLE>
<TABLE>
<CAPTION>
Reconciliation Detail
Advance Summary
<S> <C>
Prior Unreimbursed P & I Advances 0.00
Cumulative P & I Balances Outstanding 126,565.95
Reimbursement for Interest on P & I 0.00
Cumulative Servicing Advances Outstanding 25,033.78
Reimbursement for Interest on Servicing Advances 0.00
</TABLE>
<TABLE>
<CAPTION>
Servicing Fee Summary
<S> <C>
Current Period Accrued Master Servicing Fees 30,603.24
Less Master Servicing Fees on Delinquent Payments 929.52
Less Reductions to Master Servicing Fees 0.00
Plus Master Servicing Fees for Delinquent Payments Received 0.00
Plus Adjustments for Prior Master Servicing Calculation 0.00
Total Master Servicing Fees Collected 29,673.72
</TABLE>
<TABLE>
<CAPTION>
Certificate Interest Reconciliation
Class Accrued Net Aggregate Distributable Distributable
Certificate Prepayment Certificate Certificate
Interest Interest Shortfall Interest Interest
Adjustment
<S> <C> <C> <C> <C>
A-1 599,426.67 0.00 599,426.67 0.00
A-2 2,128,436.10 0.00 2,128,436.10 0.00
IO 212,324.56 0.00 212,324.56 0.00
B 209,352.20 0.00 209,352.20 0.00
C 174,400.83 0.00 174,400.83 0.00
D 58,135.79 0.00 58,135.79 0.00
E 135,641.46 0.00 135,641.46 0.00
F 48,447.58 0.00 48,447.58 0.00
G 132,511.32 0.00 132,511.32 0.00
H 115,943.21 0.00 115,943.21 0.00
J 17,802.69 0.00 17,802.69 0.00
K 80,092.04 0.00 80,092.04 0.00
Totals 3,912,514.45 0.00 3,912,514.45 0.00
</TABLE>
<TABLE>
<CAPTION>
Additional Remaining Unpaid
Trust Fund Interest Distributable
Class Expenses Distribution Certificate Interest
<S> <C> <C> <C>
A-1 0.00 599,426.67 0.00
A-2 0.00 2,128,436.10 0.00
IO 0.00 212,324.56 0.00
B 0.00 209,352.20 0.00
C 0.00 174,400.83 0.00
D 0.00 58,135.79 0.00
E 0.00 135,641.46 0.00
F 0.00 48,447.58 0.00
G 0.00 132,511.32 0.00
H 0.00 115,943.21 0.00
J 0.00 17,802.69 0.00
K 0.00 80,092.04 0.00
Totals 0.00 3,912,514.45 0.00
</TABLE>
<TABLE>
<CAPTION>
Other Required Information
<S> <C>
Available Distribution Amount 4,376,395.01
Aggregate Number of Outstanding Loans 106
Aggregate Beginning Scheduled Balance of Loans 592,445,159.39
Aggregate Ending Scheduled Balance of Loans 591,981,278.65
Aggregate Unpaid Principal Balance of Loans 591,992,224.18
Aggregate Amount of Servicing Fee 29,673.72
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 1,407.06
Aggregate Trust Fund Expenses 0.00
Bankruptcy Summary Information
Number of Loans in Bankruptcy 0
Aggregate Beginning Principal Balance 0.00
Aggregate Ending Principal Balance 0.00
Principal Distribution Amount 463,880.56
Principal portion of Monthly Payments 463,880.56
and any Assumed Monthly Payments
Voluntary Principal Prepayments 0.00
Collection of Principal on a Balloon 0.00
Loan after its Stated Maturity Date
Liquidation Proceeds and Insurance 0.00
Proceeds received on a Mortgage Loan
Appraisal Reduction Amount
Appraisal Date Appraisal
Loan Reduction Reduction
Number Amount Effected
<S> <C> <C>
None
Total
</TABLE>
<TABLE>
<CAPTION>
Ratings Detail
Original Ratings
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 589929UC0 AAA X X AAA
A-2 589929UD8 AAA X X AAA
IO 589929UK2 AAA X X AAAr
B 589929UE6 AA X X AA
C 589929UF3 A X X A
D 589929UG1 A- X X A-
E 589929UH9 BBB X X BBB
F 589929UJ5 BBB- X X BBB-
G 589929UL0 BB X X BB
H 589929UM8 B X X B
J 589929UN6 B- X X B-
K 589929UP1 NR X X NR
</TABLE>
<TABLE>
<CAPTION>
Current Ratings(1)
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 589929UC0 AAA X X AAA
A-2 589929UD8 AAA X X AAA
IO 589929UK2 AAA X X AAAr
B 589929UE6 AA X X AA
C 589929UF3 A X X A
D 589929UG1 A- X X A-
E 589929UH9 BBB X X BBB
F 589929UJ5 BBB- X X BBB-
G 589929UL0 BB X X BB
H 589929UM8 B X X B
J 589929UN6 B- X X B-
K 589929UP1 NR X X NR
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this
transaction at the time of original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from
the rating agencies.
Duff & Phelps Credit Rating Co.
55 East Monroe Street
Chicago, Illinois 60603
(312) 368- 3100
Fitch IBCA, Inc.
One State Street Plaza
New York, New York 10004
(212) 908- 0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553- 0300
Standard & Poor's Rating Services
26 Broadway
New York, New York 10004
(212) 208- 8000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
% of
Scheduled # of Scheduled Agg WAM Weighted
Balance Loans Balance Bal. (2) WAC Avg DSCR(1)
<S> <C> <C> <C> <C> <C> <C>
Below 999,999 6 5,195,454.83 0.88 115 8.7049 1.403427
1,000,000 to 1,999,999 22 34,868,703.64 5.89 115 8.2875 1.503663
2,000,000 to 2,999,999 22 51,713,674.59 8.74 115 8.2650 1.461183
3,000,000 to 3,999,999 8 27,548,476.72 4.65 117 8.3798 1.301813
4,000,000 to 4,999,999 8 36,904,125.12 6.23 114 7.8268 1.529192
5,000,000 to 5,999,999 2 11,520,688.76 1.95 114 7.9167 1.239803
6,000,000 to 6,999,999 12 77,688,294.90 13.12 116 8.3540 1.577011
7,000,000 to 7,999,999 2 15,458,856.66 2.61 90 7.6571 1.308717
8,000,000 to 8,999,999 7 59,604,826.61 10.07 116 7.9595 1.369098
9,000,000 to 9,999,999 3 28,364,978.84 4.79 99 8.0083 1.266794
10,000,000 to 14,999,999 4 47,165,953.81 7.97 109 7.8534 1.326066
15,000,000 to 19,999,999 7 123,699,734.21 20.90 116 7.8797 1.282708
20,000,000 to 24,999,999 1 20,913,978.08 3.53 114 7.7900 1.250000
25,000,000 or greater 2 51,333,531.88 8.67 110 7.4068 1.561526
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
State (3)
# of Scheduled % of Weighted
State Props. Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Alabama 1 2,246,184.94 0.38 117 8.2500 1.410000
Arizona 1 3,213,868.36 0.54 117 8.3750 1.350000
Arkansas 1 1,708,540.15 0.29 116 8.4100 1.250000
California 12 69,670,694.57 11.77 118 8.1273 1.331073
Colorado 3 11,514,543.59 1.95 114 8.1055 1.279165
Connecticut 7 43,034,135.95 7.27 115 8.0456 1.323295
Florida 4 12,659,132.63 2.14 111 7.8111 1.338020
Georgia 1 1,919,304.95 0.32 115 7.7000 1.630000
Idaho 1 4,640,239.49 0.78 117 7.8750 1.410000
Illinois 2 6,004,217.17 1.01 116 7.6533 2.341708
Indiana 2 24,916,781.86 4.21 115 7.7253 1.255172
Louisiana 3 13,906,595.41 2.35 116 8.2631 1.424486
Maryland 2 44,491,155.19 7.52 107 7.1936 1.287455
Massachusetts 3 16,200,128.40 2.74 117 8.4572 1.578376
Michigan 1 11,952,983.41 2.02 90 7.4700 1.219820
Mississippi 1 1,735,168.39 0.29 117 8.4100 1.250000
Nevada 3 19,529,411.73 3.30 116 8.1136 1.276465
New Jersey 2 3,981,766.09 0.67 117 8.2735 1.301659
New York 11 48,342,159.85 8.17 116 8.3887 1.326327
North Carolina 4 3,252,776.46 0.55 116 8.5000 1.410000
Ohio 4 14,495,493.20 2.45 114 7.5423 1.279366
Oklahoma 3 5,935,632.23 1.00 115 8.4432 1.336377
Oregon 1 8,484,376.23 1.43 117 7.9200 1.730000
Pennsylvania 3 11,236,735.69 1.90 115 8.8675 2.903292
Rhode Island 1 4,205,597.85 0.71 116 8.0500 1.300000
South Carolina 2 28,913,616.28 4.88 118 7.8500 1.734559
Tennessee 4 8,269,639.11 1.40 117 8.5010 1.363620
Texas 23 111,739,172.85 18.88 106 7.8558 1.357690
Utah 1 18,158,302.96 3.07 116 7.9500 1.270000
Virginia 6 21,271,281.20 3.59 116 8.2473 1.460389
Washington 1 8,260,732.95 1.40 115 8.3750 1.400000
Wyoming 1 6,090,909.51 1.03 117 8.3500 1.210000
Totals 115 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Note Rate
Note # of Scheduled % of Weighted
Rate Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
6.999% or less 1 26,063,092.59 4.40 102 6.9770 1.340000
7.000% to 7.124% 1 9,497,722.43 1.60 62 7.0800 1.260000
7.125% to 7.249% 1 4,838,905.61 0.82 103 7.1700 1.490000
7.250% to 7.374% 1 8,495,532.88 1.44 97 7.3500 1.250000
7.375% to 7.499% 2 19,434,424.11 3.28 80 7.4546 1.269934
7.500% to 7.624% 5 61,247,600.10 10.35 114 7.5161 1.350542
7.625% to 7.749% 2 10,819,499.20 1.83 115 7.7247 1.317409
7.750% to 7.874% 14 104,270,844.58 17.61 117 7.8194 1.437976
7.875% to 7.999% 10 73,904,780.79 12.48 116 7.9366 1.406796
8.000% to 8.124% 8 39,737,773.46 6.71 116 8.0263 1.329046
8.125% to 8.249% 9 62,166,099.22 10.50 116 8.1909 1.407771
8.250% to 8.374% 8 23,825,966.77 4.02 116 8.3126 1.256651
8.375% to 8.499% 24 77,528,112.77 13.10 116 8.4173 1.359056
8.500% to 8.624% 9 28,033,521.21 4.74 117 8.5350 1.365014
8.625% to 8.749% 2 7,177,282.81 1.21 118 8.6409 1.306570
8.750% to 8.874% 2 9,280,082.24 1.57 115 8.8000 1.395376
8.875% to 8.999% 2 15,362,119.44 2.60 117 8.9159 1.427243
9.000% to 9.124% 1 6,686,768.96 1.13 115 9.0500 3.890000
9.125% to 9.249% 2 1,718,879.75 0.29 117 9.1686 1.409626
9.250% to 9.374% 1 796,517.78 0.13 114 9.3500 1.710000
9.375% or greater 1 1,095,751.95 0.19 115 9.5000 1.310000
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Seasoning
# of Scheduled % of Weighted
Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
12 months or less 101 535,604,584.44 90.48 115 8.0804 1.409333
13 to 24 months 5 56,376,694.21 9.52 90 7.1272 1.327162
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Age of Most Recent NOI
Age of Most # of Scheduled % of Weighted
Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Underwriter's Information 102 547,460,400.82 92.48 113 8.0291 1.413923
1 year or less 4 44,520,877.83 7.52 108 7.5052 1.248834
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of Weighted
Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
72 months or less 2 16,979,163.13 2.87 63 7.2342 1.299656
73 to 96 months 1 11,952,983.41 2.02 90 7.4700 1.219820
97 to 108 months 3 39,397,531.08 6.66 101 7.0811 1.339016
109 to 120 months 99 515,534,706.93 87.09 116 8.0985 1.416078
121 months or greater 1 8,116,894.10 1.37 138 7.8300 1.260000
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Property Type (3)
Property # of Scheduled % of Weighted
Type (3) Props Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Health Care 4 7,995,508.71 1.35 110 8.0133 2.442180
Industrial 14 47,990,992.21 8.11 116 8.3219 1.342382
Lodging 3 19,239,082.92 3.25 117 8.2263 1.867265
Mixed Use 2 7,970,133.34 1.35 116 8.2644 1.266874
Mobile Home Park 6 6,257,917.49 1.06 116 7.8075 1.563064
Multi-Family 31 189,740,953.13 32.05 107 7.6879 1.316000
Office 20 161,583,266.76 27.30 115 7.9821 1.472763
Other 2 10,777,863.23 1.82 118 8.8502 1.391127
Retail 32 138,582,651.40 23.41 116 8.1821 1.331482
Self Storage 1 1,842,909.46 0.31 116 8.4200 1.480000
Totals 115 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Remaining Amortization Term (ARD and Balloon Loans)
Remaining # of Scheduled % of Weighted
Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
180 months or less 0 0.00 0.00 0 0.0000 0.000000
181 to 210 months 0 0.00 0.00 0 0.0000 0.000000
211 to 240 months 0 0.00 0.00 0 0.0000 0.000000
241 to 270 months 0 0.00 0.00 0 0.0000 0.000000
271 to 300 months 26 78,860,079.11 13.32 115 8.4501 1.562280
301 to 330 months 4 13,164,372.67 2.22 114 7.8093 1.845357
331 to 360 months 76 499,956,826.87 84.45 113 7.9218 1.364461
361 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
</TABLE>
<TABLE>
<CAPTION>
Debt Service Coverage Ratio
Debt Service # of Scheduled % of Weighted
Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
1.29 or less 49 317,500,243.30 53.63 113 7.9280 1.247900
1.30 to 1.39 23 111,206,664.93 18.79 108 7.8668 1.338353
1.40 to 1.49 14 69,102,752.72 11.67 115 8.3166 1.441397
1.50 to 1.59 4 12,291,695.05 2.08 116 8.2428 1.558791
1.60 to 1.69 4 22,663,449.67 3.83 117 8.2408 1.630533
1.70 to 1.79 5 37,864,462.70 6.40 117 7.9170 1.768208
1.80 to 2.49 4 7,703,572.52 1.30 111 7.9295 2.206842
2.50 to 2.99 1 4,981,294.44 0.84 116 7.5000 2.570000
3.00 to 3.49 1 1,980,374.36 0.33 110 8.2000 3.100000
3.50 or greater 1 6,686,768.96 1.13 115 9.0500 3.890000
Totals 106 591,981,278.65 100.00 113 7.9897 1.401507
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most current
DSCR provided by the Servicer is used. To the extent that no DSCR is provided by
the Servicer, information from the offering document is used. The Trustee makes
no representations as to the accuracy of the data provided by the borrower for
this calculation.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro- rata the current loan
information to the properties based upon the Cut- off Date balance of each
property as disclosed in the offering
</FN>
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type(1) City State Payment Payment Coupon
<S> <C> <C> <C> <C> <C> <C> <C>
296000001 1 MF Fort Washington MD 151,673.37 23,771.29 6.977%
190000257 2 OF Columbia SC 165,425.78 17,577.95 7.850%
296000004 3 OF Farmington CT 135,875.80 16,826.08 7.790%
296000017 4 RT Cerritos CA 125,190.39 14,390.85 7.980%
190000250 5 OF Dallas TX 126,882.70 12,109.90 8.200%
563970563 6 MF Silver Spring MD 115,263.46 14,091.22 7.500%
901000083 7 OF Salt Lake City UT 120,381.77 12,529.55 7.950%
296000038 8 MF Various VA 118,723.14 11,386.14 8.200%
901000068 9 OF Irving TX 102,745.72 12,624.67 7.500%
296000014 10 MF Hammond IN 103,667.35 12,674.09 7.790%
563970569 11 MF Columbus OH 77,880.72 9,521.09 7.500%
563970557 12 MF Farmington Hills MI 74,464.56 9,194.81 7.470%
296000023 13 LO North Falmouth MA 83,229.64 12,611.52 8.480%
296000015 14 OF Las Vegas NV 73,365.65 8,439.39 8.000%
901000082 15 RT Hamden CT 67,818.63 5,815.75 8.530%
296000036 16 MF Grand Prairie TX 56,092.54 9,487.52 7.080%
296000021 17 IN Melville NY 65,528.64 6,647.48 8.420%
901000063 18 RT Indianapolis IN 56,865.06 6,736.47 7.610%
296000009 19 RT Hempstead NY 57,378.37 7,185.00 7.730%
296000033 20 MF Dallas TX 52,085.26 8,182.58 7.350%
296000028 21 RT Bend OR 56,035.57 5,861.03 7.920%
850000002 22 OT Thousand Oaks CA 62,609.23 7,595.88 8.950%
296000031 23 IN Seattle WA 57,716.66 9,117.50 8.375%
296000003 24 MF Riverside CA 53,005.07 6,487.84 7.830%
901000062 25 OF Dallas TX 52,355.43 5,622.36 7.870%
296000032 26 MF Arlington TX 46,365.80 6,979.29 7.430%
296000011 27 RT New York NY 51,640.03 7,132.14 8.875%
296000010 28 MU Beverly Hills CA 46,250.97 5,218.19 8.068%
296000043 29 RT Brooklyn NY 49,788.83 3,949.81 8.800%
296000040 30 OF Philadelphia PA 50,457.24 3,693.70 9.050%
296000020 31 MF Enfield CT 42,599.84 5,048.20 7.875%
296000044 32 MF Harvey LA 42,866.53 4,317.67 8.050%
296000046 33 MF New Orleans LA 44,987.25 3,996.61 8.450%
296000041 34 MF Henderson NV 44,140.26 4,012.31 8.350%
296000029 35 IN Round Rock TX 42,671.67 4,618.79 8.190%
901000072 36 RT Westminster CO 42,406.09 4,154.07 8.150%
901000059 37 OF Laguna Hills CA 40,999.47 4,409.97 7.940%
190000248 38 RT Laramie WY 42,409.40 3,854.99 8.350%
190000241 39 MF St. Petersburg FL 39,186.67 4,032.06 8.000%
901000045 40 OF Los Angeles CA 36,893.30 7,425.91 7.830%
296000013 41 LO Schiller Park IL 31,165.83 5,238.92 7.500%
901000061 42 RT Houston TX 32,139.51 4,732.01 7.750%
901000004 43 OF Ft. Lauderdale FL 28,937.70 4,223.47 7.170%
190000244 44 RT Pasadena CA 32,450.55 3,189.31 8.125%
296000018 45 RT Twin Falls ID 30,475.27 3,611.40 7.875%
190000233 46 MF San Antonio TX 28,425.89 3,044.78 7.900%
901000067 47 RT North Kingstown RI 28,231.63 2,843.59 8.050%
296000030 48 OF Houston TX 29,068.55 2,986.22 8.375%
296000042 49 OF Smithtown NY 28,102.74 2,300.46 8.650%
190000260 50 IN Woodlands TX 25,890.03 2,297.96 8.400%
190000245 51 MF Conway SC 23,849.15 2,552.57 7.850%
296000019 52 OF San Diego CA 24,587.03 2,522.30 8.380%
901000087 53 RT Southampton PA 23,609.50 1,960.36 8.630%
190000246 54 OF Various NC 23,063.30 3,219.31 8.500%
296000025 55 RT Mesa AZ 22,446.22 2,305.90 8.375%
296000037 56 IN Parsippany NJ 20,960.18 1,953.45 8.250%
901000088 57 OF Nashville TN 21,514.06 2,885.83 8.620%
296000012 58 MF Milford CT 19,178.84 2,287.39 7.875%
901000071 59 RT Woodland Park CO 19,820.41 1,897.70 8.220%
901000052 60 RT Watertown NY 18,381.12 2,071.17 7.850%
296000008 61 RT Laguna Niguel CA 17,408.46 1,887.58 8.230%
296000045 62 IN Oklahoma City OK 18,304.72 1,452.13 8.800%
296000024 63 LO South Yarmouth MA 17,633.40 2,671.93 8.480%
901000055 64 HC El Campo TX 15,918.80 2,717.49 7.950%
296000022 65 IN Maspeth NY 16,964.56 2,557.43 8.500%
296000016 66 OT New York NY 16,953.96 2,574.67 8.500%
901000033 67 IN Loveland CO 15,602.01 1,758.03 7.850%
296000039 68 MF Montgomery AL 15,452.50 1,451.00 8.250%
190000247 69 IN Las Vegas NV 14,638.98 2,340.98 8.000%
190000249 70 OF Memphis TN 14,957.08 1,264.58 8.550%
296000034 71 RT McKinney TX 14,631.73 1,513.06 8.375%
190000239 72 MF West Haven CT 14,589.81 1,317.36 8.400%
901000070 73 RT Tyler TX 14,551.30 1,309.62 8.410%
296000027 74 RT Newport News VA 14,563.33 1,425.81 8.500%
901000056 75 HC Kingsland TX 13,274.11 2,398.96 7.750%
190000255 76 RT Rockville Center NY 14,691.67 1,216.57 8.600%
190000237 77 MH Various OH 13,296.14 1,461.21 7.800%
296000026 78 IN Santa Ana CA 14,137.44 1,436.76 8.390%
901000054 79 HC Dinuba CA 13,547.28 2,154.96 8.200%
901000066 80 IN Everett MA 13,428.84 1,521.64 8.290%
190000240 81 MH Buford GA 12,324.52 1,399.96 7.700%
190000232 82 RT Norman OK 12,626.25 1,315.28 8.000%
901000077 83 RT Newport News VA 13,001.39 1,159.06 8.410%
296000035 84 SS Austin TX 12,945.16 2,006.66 8.420%
901000080 85 RT Jackson MS 12,168.24 1,084.78 8.410%
901000078 86 RT Little Rock AR 11,981.54 1,073.22 8.410%
190000221 87 IN Austin TX 11,057.59 1,894.81 7.850%
901000020 88 RT Houston TX 11,576.63 1,827.02 8.250%
901000075 89 RT Plano TX 11,502.14 1,030.27 8.410%
901000074 90 RT Brentwood TN 11,475.11 1,022.99 8.410%
901000057 91 HC Seguin TX 10,711.63 1,674.90 8.220%
901000076 92 RT Oklahoma City OK 10,858.27 972.60 8.410%
190000236 93 MF Clarksville TN 10,684.94 1,587.87 8.300%
190000259 94 MH Washingtonville NY 9,954.18 1,593.27 7.970%
901000079 95 RT El Paso TX 9,511.05 851.93 8.410%
296000002 96 MF Brooklyn NY 8,824.63 1,543.03 8.040%
296000005 97 IN Norristown PA 9,018.37 1,162.41 8.520%
901000073 98 RT Baton Rouge LA 7,967.47 710.28 8.410%
296000007 99 MU New Haven CT 8,682.91 1,036.60 9.500%
190000243 100 IN Elgin IL 7,164.97 643.87 8.400%
296000048 101 MF Tampa FL 7,662.01 867.33 9.200%
190000238 102 MF St. Pete Beach FL 6,677.80 593.24 8.450%
190000234 103 MF Passaic NJ 6,512.49 961.86 8.350%
296000006 104 MH Aptos CA 5,173.68 638.45 7.780%
296000047 105 MF Irving TX 6,211.61 694.73 9.350%
190000242 106 MF Houston TX 5,482.61 646.79 9.125%
Totals 3,944,524.68 463,880.75
</TABLE>
<TABLE>
Loan Anticipated Neg Beginning Ending Paid
Number Repayment Maturity Amort Scheduled Scheduled Thru
Date Date (Y/N) Balance Balance Date
<S> <C> <C> <C> <C> <C> <C>
296000001 06/01/2008 06/01/2028 N 26,086,863.88 26,063,092.59 12/01/1999
190000257 10/01/2009 10/01/2029 N 25,288,017.24 25,270,439.29 12/01/1999
296000004 N/A 06/01/2009 N 20,930,804.16 20,913,978.08 12/01/1999
296000017 N/A 09/01/2009 N 18,825,623.16 18,811,232.31 12/01/1999
190000250 09/01/2009 09/01/2029 N 18,568,200.18 18,556,090.28 12/01/1999
563970563 N/A 06/01/2009 N 18,442,153.82 18,428,062.60 12/01/1999
901000083 N/A 08/01/2009 N 18,170,832.51 18,158,302.96 12/01/1999
296000038 N/A 08/01/2009 N 17,374,118.65 17,362,732.51 12/01/1999
901000068 N/A 05/01/2009 N 16,439,315.22 16,426,690.55 12/01/1999
296000014 N/A 08/01/2009 N 15,969,297.09 15,956,623.00 12/01/1999
563970569 N/A 06/01/2009 N 12,460,914.74 12,451,393.65 12/01/1999
563970557 N/A 06/01/2007 N 11,962,178.22 11,952,983.41 12/01/1999
296000023 N/A 09/01/2009 N 11,777,779.63 11,765,168.11 12/01/1999
296000015 N/A 08/01/2009 N 11,004,848.03 10,996,408.64 12/01/1999
901000082 N/A 09/01/2009 N 9,540,720.99 9,534,905.24 12/01/1999
296000036 N/A 02/01/2005 N 9,507,209.95 9,497,722.43 12/01/1999
296000021 N/A 09/01/2009 N 9,338,998.65 9,332,351.17 12/01/1999
901000063 N/A 05/01/2009 N 8,966,895.33 8,960,158.86 12/01/1999
296000009 N/A 07/01/2009 N 8,907,379.25 8,900,194.25 12/01/1999
296000033 N/A 01/01/2008 N 8,503,715.46 8,495,532.88 12/01/1999
296000028 N/A 09/01/2009 N 8,490,237.26 8,484,376.23 12/01/1999
850000002 N/A 10/01/2009 N 8,394,533.22 8,386,937.34 12/01/1999
296000031 N/A 07/01/2009 N 8,269,850.45 8,260,732.95 12/01/1999
296000003 N/A 06/01/2011 N 8,123,381.94 8,116,894.10 12/01/1999
901000062 N/A 07/01/2009 N 7,983,038.32 7,977,415.96 12/01/1999
296000032 N/A 04/01/2005 N 7,488,419.99 7,481,440.70 12/01/1999
296000011 N/A 08/01/2009 N 6,982,314.24 6,975,182.10 12/01/1999
296000010 N/A 08/01/2009 N 6,879,599.58 6,874,381.39 12/01/1999
296000043 07/01/2009 07/01/2029 N 6,789,386.28 6,785,436.47 11/01/1999
296000040 N/A 07/01/2009 N 6,690,462.65 6,686,768.96 12/01/1999
296000020 N/A 09/01/2009 N 6,491,404.44 6,486,356.24 12/01/1999
296000044 N/A 08/01/2009 N 6,390,041.56 6,385,723.89 12/01/1999
296000046 N/A 07/01/2009 N 6,388,722.18 6,384,725.57 12/01/1999
296000041 N/A 09/01/2009 N 6,343,510.01 6,339,497.70 12/01/1999
296000029 N/A 09/01/2009 N 6,252,260.03 6,247,641.24 12/01/1999
901000072 N/A 07/01/2009 N 6,243,841.84 6,239,687.77 12/01/1999
901000059 N/A 03/01/2009 N 6,196,394.03 6,191,984.06 12/01/1999
190000248 N/A 09/01/2009 N 6,094,764.50 6,090,909.51 12/01/1999
190000241 N/A 07/01/2009 N 5,878,000.82 5,873,968.76 12/01/1999
901000045 N/A 04/01/2009 N 5,654,145.91 5,646,720.00 12/01/1999
296000013 N/A 08/01/2009 N 4,986,533.36 4,981,294.44 12/01/1999
901000061 N/A 05/01/2009 N 4,976,440.47 4,971,708.46 12/01/1999
901000004 N/A 07/01/2008 N 4,843,129.08 4,838,905.61 12/01/1999
190000244 08/01/2009 08/01/2029 N 4,792,696.69 4,789,507.38 12/01/1999
296000018 N/A 09/01/2009 N 4,643,850.89 4,640,239.49 12/01/1999
190000233 N/A 06/01/2009 N 4,317,857.36 4,314,812.58 12/01/1999
901000067 N/A 08/01/2009 N 4,208,441.44 4,205,597.85 12/01/1999
296000030 N/A 09/01/2009 N 4,165,045.53 4,162,059.31 12/01/1999
296000042 10/01/2009 10/01/2029 N 3,898,646.39 3,896,345.93 11/01/1999
190000260 N/A 10/01/2009 N 3,698,575.34 3,696,277.38 12/01/1999
190000245 N/A 09/01/2009 N 3,645,729.56 3,643,176.99 12/01/1999
296000019 N/A 09/01/2009 N 3,520,816.39 3,518,294.09 12/01/1999
901000087 N/A 09/01/2009 N 3,282,897.24 3,280,936.88 12/01/1999
190000246 N/A 08/01/2009 N 3,255,995.77 3,252,776.46 12/01/1999
296000025 N/A 09/01/2009 N 3,216,174.26 3,213,868.36 12/01/1999
296000037 10/01/2009 10/01/2029 N 3,048,754.08 3,046,800.63 12/01/1999
901000088 N/A 09/01/2009 N 2,994,997.40 2,992,111.57 12/01/1999
296000012 N/A 08/01/2009 N 2,922,490.48 2,920,203.09 12/01/1999
901000071 N/A 07/01/2009 N 2,893,490.73 2,891,593.03 12/01/1999
901000052 N/A 01/01/2009 N 2,809,852.74 2,807,781.57 12/01/1999
296000008 N/A 07/01/2009 N 2,538,293.34 2,536,405.76 12/01/1999
296000045 N/A 07/01/2009 N 2,496,097.90 2,494,645.77 12/01/1999
296000024 N/A 09/01/2009 N 2,495,292.30 2,492,620.37 12/01/1999
901000055 N/A 02/01/2009 N 2,402,837.46 2,400,119.97 12/01/1999
296000022 N/A 09/01/2009 N 2,394,997.00 2,392,439.57 12/01/1999
296000016 N/A 08/01/2009 N 2,393,500.56 2,390,925.89 11/01/1999
901000033 N/A 01/01/2009 N 2,385,020.82 2,383,262.79 12/01/1999
296000039 N/A 09/01/2009 N 2,247,635.94 2,246,184.94 12/01/1999
190000247 N/A 09/01/2009 N 2,195,846.37 2,193,505.39 12/01/1999
190000249 10/01/2009 10/01/2029 N 2,099,239.59 2,097,975.01 12/01/1999
296000034 N/A 08/01/2009 N 2,096,486.48 2,094,973.42 12/01/1999
190000239 N/A 07/01/2009 N 2,084,258.71 2,082,941.35 12/01/1999
901000070 N/A 07/01/2009 N 2,076,285.41 2,074,975.79 12/01/1999
296000027 N/A 11/01/2009 N 2,056,000.00 2,054,574.19 11/01/1999
901000056 N/A 02/01/2009 N 2,055,346.45 2,052,947.49 12/01/1999
190000255 11/01/2009 11/01/2029 N 2,050,000.00 2,048,783.43 12/01/1999
190000237 N/A 07/01/2009 N 2,045,560.76 2,044,099.55 12/01/1999
296000026 N/A 10/01/2009 N 2,022,041.41 2,020,604.65 12/01/1999
901000054 N/A 02/01/2009 N 1,982,529.32 1,980,374.36 12/01/1999
901000066 N/A 06/01/2009 N 1,943,861.56 1,942,339.92 12/01/1999
190000240 N/A 07/01/2009 N 1,920,704.91 1,919,304.95 12/01/1999
190000232 N/A 05/01/2009 N 1,893,937.21 1,892,621.93 12/01/1999
901000077 N/A 09/05/2009 N 1,855,133.56 1,853,974.50 12/05/1999
296000035 N/A 08/01/2009 N 1,844,916.12 1,842,909.46 12/01/1999
901000080 N/A 09/05/2009 N 1,736,253.17 1,735,168.39 12/05/1999
901000078 N/A 08/05/2009 N 1,709,613.37 1,708,540.15 12/05/1999
190000221 N/A 05/01/2009 N 1,690,332.98 1,688,438.17 12/01/1999
901000020 N/A 01/01/2009 N 1,683,872.79 1,682,045.77 12/01/1999
901000075 N/A 08/05/2009 N 1,641,208.88 1,640,178.61 12/05/1999
901000074 N/A 09/05/2009 N 1,637,352.68 1,636,329.69 12/05/1999
901000057 N/A 03/01/2009 N 1,563,741.79 1,562,066.89 12/01/1999
901000076 N/A 08/05/2009 N 1,549,337.13 1,548,364.53 12/05/1999
190000236 N/A 07/01/2009 N 1,544,810.71 1,543,222.84 12/01/1999
190000259 N/A 10/01/2009 N 1,498,747.13 1,497,153.86 12/01/1999
901000079 N/A 08/05/2009 N 1,357,105.46 1,356,253.53 12/05/1999
296000002 N/A 05/01/2009 N 1,317,108.64 1,315,565.61 12/01/1999
296000005 N/A 06/01/2009 N 1,270,192.26 1,269,029.85 12/01/1999
901000073 N/A 09/05/2009 N 1,136,856.23 1,136,145.95 12/05/1999
296000007 N/A 07/01/2009 N 1,096,788.55 1,095,751.95 12/01/1999
190000243 N/A 08/01/2009 N 1,023,566.60 1,022,922.73 12/01/1999
296000048 N/A 10/01/2009 N 999,392.88 998,525.55 12/01/1999
190000238 N/A 07/01/2009 N 948,325.95 947,732.71 12/01/1999
190000234 N/A 06/01/2009 N 935,927.32 934,965.46 12/01/1999
296000006 N/A 07/01/2009 N 797,997.58 797,359.13 12/01/1999
296000047 N/A 06/01/2009 N 797,212.51 796,517.78 11/01/1999
190000242 N/A 07/01/2009 N 721,000.99 720,354.20 12/01/1999
Totals 592,445,159.39 591,981,278.65
</TABLE>
<TABLE>
<CAPTION>
Appraisal Appraisal Res. Mod.
Reduction Reduction Strat Code
Date Amount (2) (3)
<S> <C> <C> <C> <C>
Totals 0.00
<FN>
(1) Property Type Code
SS- Self Storage
MF- Multi- Family
RT- Retail
HC- Health Care
IN- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
LO- Lodging
MU- Mixed Use
OT- Other
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Server
10- Deed In Lieu of Foreclosure
11- Full Payoff
12- Reps and Warranty
13- Other or TBD
(3) Modification Code
1- Maturity Date Extension
2- Amortization Change
3- Principal Write- Off
4- Combination
</FN>
</TABLE>
Principal Preayment Detail
No Principal Prepayments this Period
<TABLE>
<CAPTION>
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications
Date # Balance # Balance # Balance # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/16/99 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Prepayments
Distribution Curtailments Payoff
Date # Amount # Amount
<S> <C> <C> <C> <C>
12/16/99 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
<S> <C> <C> <C>
12/16/99 7.989667% 7.924830% 113
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Delinquency Loan Detail
Offering # of Current Outstanding Status of
Loan Number Document Months Paid Through P & I P & I Mortgage
Cross Delinq. Date Advances Advances** Loan(1)
Reference
<S> <C> <C> <C> <C> <C> <C>
296000043 29 0 11/01/1999 53,738.64 53,738.64 B
296000042 49 0 11/01/1999 30,403.20 30,403.20 A
296000016 66 0 11/01/1999 19,528.63 19,528.63 B
296000027 74 0 11/01/1999 15,989.14 15,989.14 B
296000047 105 0 11/01/1999 6,906.34 6,906.34 B
Totals 5 126,565.95 126,565.95
</TABLE>
<TABLE>
<CAPTION>
Resolution Actual Outstanding Bank-
Loan Number Strategy Servicing Foreclosure Principal Servicing ruptcy REO
Code (2) Transfer Date Date Balance Advances Date Date
<S> <C> <C> <C> <C> <C> <C> <C>
296000043 6,789,386.28 0.00
296000042 3,898,646.38 3,886.31
296000016 2,393,500.58 0.00
296000027 2,056,000.00 0.00
296000047 797,212.51 0.00
Totals 15,934,745.75 3,886.31
</TABLE>
<TABLE>
Totals By Deliquency Code
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances** Balance Advances
<S> <C> <C> <C> <C>
Totals for Status Code= A ( 1 Loan) 30,403.20 30,403.20 3,898,646.38 3,886.31
Totals for Status Code= B (12 Loans) 96,162.75 96,162.75 12,036,099.37 0.00
<CAPTION>
<FN>
(1) Status of Mortgage Loan
A- Payment Not Received But Still in Grace Period
B- Late Payment But Less Than 1 Month Delinquent
0- Current
1- One Month Delinquent
2- Two Months Delinquent
3- Three Or More Months Delinquent
4- Assumed Scheduled Payment (Performing Matured Balloon)
7- Foreclosure
9- REO
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Server
10-Deed In Lieu Of Foreclosure
11- Full Payoff
12- Reps and Warranty
13- Other or TBD
</FN>
</TABLE>
Specially Serviced Loan Detail - Part 1
No Specially Serviced Loans This Period
Specially Serviced Loan Detail - Part 2
No Specially Serviced Loans This Period
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans this Period
