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 (Date of earliest event reported 18-Jan-00
COUNTRYWIDE HOME EQUITY LOAN TRUST
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF NOVEMBER 29, 1999, PROVIDING FOR THE ISSUANCE OF
REVOLVING HOME EQUITY LOAN ASSET BACKED PASS-THROUGH
CERTIFICATES, SERIES 1999-D)
Countrywide Home Equity Loan Trust
(Exact name of registrant as specified in its charter)
CALIFORNIA 333-84365 36-7298726
(State or Other(Commission (I.R.S. Employer
Jurisdiction ofFile Number) Identification
Incorporation) Number)
c/o Bank One
9th floor 1 N. State Street, Chicago IL 60670-0134
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code:312/407-1902
Item 5. Other Events
On 18-Jan-00a 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
18-Jan-00The 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 SecuritiesNONE
E. Item 4: Submission of Matters to a Vote of Certificateholders: 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. Monthly Distribution Report date 18-Jan-00
COUNTRYWIDE HOME EQUITY LOAN TRUST
ASSET BACKED PASS-THROUGH CERTIFICATES
SERIES 1999-D
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 18-Jan-00
Beginning Ending
Certificate Certificate
Class Cusip Balance(1)Principal Interest Losses Balance
A-1 222374AM2 320,000,000.00 0.00 2,603,533.33 0.00 320,000,000.00
A-2 222374AN0 120,000,000.00 3,738,706.92 973,058.33 0.00 116,261,293.08
R 0.00 0.00 0.00 0.00 0.00
Total 440,000,000.00 3,738,706.92 3,576,591.66 0.00 436,261,293.08
AMOUNTS PER $1,000 UNIT
Ending Current
Certificate Pass-Through
Class PrincipalInterest Total Balance Losses Interest Rate
A-1 0.00000008.136041668.136041661000.0000000 0.00 5.97750%
A-2 31.1558918.1088194239.2647104968.84410900 0.00 5.95750%
Investor Certificate Rates based on 5.60750%
Distribution Da 18-Jan-00
Distribution Statement
Pooling and Servicing Agreement Dated November 29, 1999
Group 1 Group 2
(i) Investor Floating Allocation 100.00000% 99.99991%
(ii) Investor Certificate Distribu2,603,533.334,711,765.25
(iii) Investor Certificate Interest2,603,533.33973,058.33
(iv) Unpaid Investor Certificate I 0.00 0.00
Per $1000 of Original Investo 0.000000 0.000000
(v) Remaining Unpaid Investor Cer 0.00 0.00
Per $1000 of Original Investo 0.0000000 0.0000000
(vi), Principal Distributed
Investor Loss Amount paid as 0.00 0.00
Investor Loss Reduction Amoun 0.00 0.00
Accelerated Principal Distrib 0.00 0.00
Scheduled Principal Distribut 0.00 3,738,706.92
Guaranteed Principal Distribu 0.00 0.00
Total Principal Distributed 0.00 3,738,706.92
(viii)Unreimbursed Investor Loss Re 0.00 0.00
Per $1000 of Original Investo 0.0000000 0.0000000
(ix) Basis Risk Carryforward Distr 0.00 0.00
(x) Basis Risk Carryforward Remai 0.00 0.00
(xi) Servicing Fee 133,333.33 50,000.04
(xii) Invested Amount (before distr320,000,000.120,000,000.00
Invested Amount (after distri320,000,000.116,261,293.08
Investor Certificate Principa320,000,000.116,261,293.08
Loan Group Factor 1.0000000 0.9688441
(xiii)Asset Balance of Mortgage Loa321,348,982.116,261,397.94
(xiv) Credit Enhancement Draw Amoun 0.00 0.00
(xv) Delinquency Information
Group 1 Group 2
Count Balance % of Group Count Balance % of Group Bal
30-59 0 0.00 0.000000% 0 0.00 0.000000%
60-89 0 0.00 0.000000% 0 0.00 0.000000%
90 or 0 0.00 0.000000% 0 0.00 0.000000%
Total 0 0.00 0.000000% 0 0.00 0.000000%
*Note: The above statistics do not include loans
in foreclosure proceedings or REO properties.
(xvi) Foreclosure and REO Information
Group 1 Group 2
Count Balance % of Group Count Balance % of Group Bal
Forecl 0 0.00 0.000000% 0 0.00 0.000000%
REO 0 0.00 0.000000% 0 0.00 0.000000%
Total 0 0.00 0.000000% 0 0.00 0.000000%
Group 1 Group 2
(xvii)Optional Servicer Advances (C 0.00 0.00
Optional Servicer Advances (O 0.00 0.00
(xviiiInvestor Certificate Rate 5.97750% 5.95750%
(xix) Mortgage Loans retransferred to the Transferor
pursuant to Sect. 2.04 and 2.06
Count 0 0
Principal Balance 0.00 0.00
(xx) Subordinated Transferor Colle 104.86
(xxi) Overcollateralization Step-Do 0.00 0.00
(xxii)Available Transferor Subordin 3.66 104.86
Required Transferor Subordina 4,800 1,800,001.57
Transferor Interest Collectio 0.86
(xxiv)Crossover Amount 0.00 0.00
Funds on deposit in the Reser 0.00
Reserve Fund Deposit 0.00
Reserve Fund Withdrawal 0.00
Reserve Fund Release to Trans 0.00
Funds on deposit in the Reser 0.00
Other information
Group 1 Group 2
Transferor Principal Balance 104.86
Transferor Principal Balance 1,348 104.86
Fixed Allocation Percentage 100.00% 100.00%
Periods until Step-Down Remit 30
Mortgage Loans Payment Summary
Interest Received 1,851,143.16732,761.01
Net Liquidation Proceeds (All 0.00 0.00
Insurance Proceeds (Allocable 0.00 0.00
Servicer Optional Advance (Al 0.00 0.00
Purchase Price per Sect. 2.02 0.00 0.00
Purchase Price (90+ Day Delin 0.00 0.00
Residual Advance 925,323.50 304,345.60
Total Interest 2,776,466.661,037,106.61
Begining Balance 320,000,003.120,000,104.86
Principal Collections 13,263,963.57,638,038.08
Net Liquidation Proceeds (All 0.00 0.00
Insurance Proceeds (Alloc. to 0.00 0.00
Purchase Price per Sect. 2.02 0.00 0.00
Purchase Price (90+ Day Delin 0.00 0.00
Loans Removed from the Trust 0.00 0.00
Transfer Deposit Amount per S 0.00 0.00
Total Principal 13,263,963.57,638,038.08
Additional Balances 14,612,942.63,899,331.16
Ending Principal Balance 321,348,982.116,261,397.94
Alternative Principal Payment 0.00 3,738,706.92
Loans Average Daily Balance 322,099,157.118,396,604.82
Weighted Average Loan Rate 7.8366% 8.1536%
Excess Interest 0.00 0.00
Loan Modification Summary Current Cumulative % of Initial
Loans with Senior Lien Balanc 124,127.32 124,127.32 0.03%
Loans with Senior Lien Balanc 0.00 0.00 0.00%
Loans with Credit Limit Modif 0.00 0.00 0.00%
Loans with Gross Margin Modif 0.00 0.00 0.00%
Credit Enhancer Information
Amount due to Credit Enhancer 0.00 0.00
AMBAC Surety Bond in force? YES YES
Credit Enhancement Draw Amoun 0.00 0.00
Guaranteed Principal Distribu 0.00 0.00
Guaranteed Distribution 2,603,533.33973,058.33
Credit Enhancement Premium 38,666.67 14,048.24
Overcollateralization
Required O/C Amount 4,799,996.391,799,896.71
Beginning O/C Amount 0.00 0.00
Ending O/C Amount 0.00 0.00
Ending O/C Amount (% of Origi 0.0000% 0.0000%
Liquidation Loss Amount (Curr 0.00 0.00
Liquidation Loss Amount (Cumu 0.00 0.00
Cumulative Loss Step-Up Perce 0.00%
Cumulative Loss Test Violated NO
Rolling Six Month Delinquency NO
Monthly Delinquency Rate 0.0000%
Rolling Six Month Delinquency 0.0000%
Required Subordinated Percent 1.50% 1.50%
Balance used for Required SubInitial BalaInitial Balance
Initial Subordinated Amount $3.66 $104.86
Can Required Transferor Subor NO NO
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.
NEW CENTURY HOME EQUITY
LOAN TRUST
By: /s/ Barbara Grosse
Name: Barbara Grosse
Title: Vice President
Bank One
Dated: 1/31/00
