Payment Date: 06/25/00
------------------------------------------------------------
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 114,093,447.23 7.470000% 1,053,649.62 710,231.71 1,763,881.33 0.00 0.00
A2 52,613,696.87 7.060000% 1,012,533.53 330,180.18 1,342,713.71 0.00 0.00
BB 14,682,714.64 8.000000% 146,814.63 136,116.82 282,931.46 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 - - 181,389,858.74 - 2,212,997.78 1,176,528.71 3,389,526.49 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 113,039,797.61 0.00
A2 51,601,163.34 0.00
BB 14,535,900.01 0.00
X 0.00 0.00
Residual R 0.00 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 179,176,860.95 -
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 06/25/00
------------------------------------------------------------
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 114,093,447.23 7.470000% 124860CP0 8.741151 5.892132 937.786091
A2 52,613,696.87 7.060000% 124860CQ8 17.284628 5.636398 880.866564
BB 14,682,714.64 8.000000% NA 9.233625 8.560807 914.207548
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 - - 181,389,858.74 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
C-BASS LLC
Mortgage Loan Asset-Backed Certificates, Series 1999-CB5
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 120,055,269.13 56,385,103.75 176,440,372.88
Loan count 1636 412 2048
Avg loan rate 9.519493% 9.843241% 9.62
Prepay amount 921,791.40 966,773.26 1,888,564.66
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 66,565.92 25,245.02 91,810.94
Sub servicer fees 0.00 0.00 0.00
Trustee fees 1,261.55 597.89 1,859.44
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00
Cumulative losses 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% 181,389,858.74
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 84 6,586,562.90
60 to 89 days 13 1,007,958.82
90 or more 37 2,856,658.02
Foreclosure 140 12,634,455.52
Totals: 274 23,085,635.26
--------------------------------------------------------------------------------
<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
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 701,278.19
Current Total Outstanding Number of Loans: 15
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 3,389,526.49 3,389,526.49
Principal remittance amount 2,212,997.78 2,212,997.78
Interest remittance amount 1,176,528.71 1,176,528.71
