Payment Date: 04/25/00
------------------------------------------------------------
C-BASS LLC
Mortgage Loan Asset-Backed Certificates, Series 1999-CB5
------------------------------------------------------------
<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 A1 117,768,194.83 7.470000% 1,255,962.97 733,107.01 1,989,069.98 0.00 0.00
A2 54,910,308.78 6.575000% 1,457,144.62 290,833.98 1,747,978.60 0.00 0.00
BB 15,089,013.64 8.000000% 209,539.84 168,808.16 378,348.00 0.00 0.00
X 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 - - 187,767,517.24 - 2,922,647.43 1,192,749.15 4,115,396.58 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 116,512,231.86 0.00
A2 53,453,164.16 0.00
BB 14,879,473.80 0.00
X 0.00 0.00
Residual R 0.00 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 184,844,869.81 -
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 04/25/00
------------------------------------------------------------
C-BASS LLC
Mortgage Loan Asset-Backed Certificates, Series 1999-CB5
------------------------------------------------------------
<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 A1 117,768,194.83 7.470000% 124860CP0 10.419557 6.081907 966.593649
A2 54,910,308.78 6.575000% 124860CQ8 24.874439 4.964732 912.481464
BB 15,089,013.64 8.000000% NA 13.178606 10.616866 935.815962
X 0.00 0.000000% NA 0.000000 0.000000 0.000000
Residual R 0.00 0.000000% NA 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 187,767,517.24 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
C-BASS LLC
Mortgage Loan Asset-Backed Certificates, Series 1999-CB5
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
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Total
-----
stated principal balance 123,527,703.38 58,237,104.57 181,764,807.95
loan count 1683 424 2107
average loan rate 9.547692% 9.828591% 9.64
prepayment amount 1,123,296.08 1,411,962.14 2,535,258.22
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FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
master servicing fees 68,557.29 26,203.67 94,760.96
sub servicer fees 0.00 0.00 0.00
trustee fees 1,299.83 621.82 1,921.64
Aggregate advances N/A N/A N/A
Advances this periods 226,289.86 139,362.27 365,652.13
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
,,,,, -----
Net realized losses (this period) 0.00 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00 0.00
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 2,551,080.55 1,267,268.98 3,818,349.54
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% 187,767,517.24
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 87 6,609,592.91
60 to 89 days 16 1,767,624.70
90 or more 30 2,189,878.78
Foreclosure 154 13,795,736.58
Totals: 287 24,362,832.97
--------------------------------------------------------------------------------
<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
Totals: 0 N/A
Current Total Outstanding Balance: 144,605.99
Current Total Outstanding Number of Loans: 3
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 4,115,396.58 4,115,396.58
Principal remittance amount 2,922,647.43 2,922,647.43
Interest remittance amount 1,192,749.15 1,192,749.15
