SUPPLEMENT
TO PROSPECTUS SUPPLEMENT DATED September 27, 1999
(To Prospectus dated May 17, 1999)
CWMBS, INC.
Depositor
Countrywide
Home Loans, Inc.
Seller and Master Servicer
Mortgage Pass-Through Certificates, Series 1999-11
The Class A-3 certificates represent obligations of the trust only and do not
represent an interest in or obligation of CWMBS, Inc., Countrywide Home Loans,
Inc. or any of their affiliates.
This supplement may be used to offer and sell the offered certificates only if
accompanied by the prospectus supplement and the prospectus.
The Class A-3 Certificates
o This supplement relates to the offering of the Class A-3 certificates of
the series referenced above. This supplement does not contain complete
information about the offering of the Class A-3 certificates. Additional
information is contained in the prospectus supplement dated September 27,
1999 prepared in connection with the offering of the offered certificates
of the series referenced above and in the prospectus of the depositor
dated May 17, 1999. You are urged to read this supplement, the prospectus
supplement and the prospectus in full.
o As of the October 25, 2000, the class certificate balance of the Class
A-3 certificates was approximately $94,547,072.43.
Neither the SEC nor any state securities commission has approved these
securities or determined that this supplement, the prospectus supplement or
the prospectus is accurate or complete. Any representation to the contrary is
a criminal offense.
This supplement is to be used by Countrywide Securities Corporation, an
affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection with
offers and sales relating to market making transactions in the Class A-3
certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices related to the prevailing prices at the time of
sale.
November 7, 2000
<PAGE>
THE MORTGAGE POOL
As of October 1, 2000 (the "Reference Date"), the Mortgage Pool
included approximately 1,225 Mortgage Loans having an aggregate Stated
Principal Balance of approximately $318,797,114.
The following table summarizes the delinquency and foreclosure
experience of the Mortgage Loans as of the Reference Date.
<TABLE>
<CAPTION>
As of
October 1, 2000
<S> <C>
Total Number of Mortgage Loans.............................................. 1,225
Delinquent Mortgage Loans and Pending Foreclosures at Period End (1)
30-59 days......................................................... 1.55%
60-90 days......................................................... 0.33%
91 days or more (excluding pending foreclosures)................... 0.32%
-----
Total Delinquencies................................................ 2.20%
=====
Foreclosures Pending........................................................ 0.57%
-----
Total Delinquencies and foreclosures pending................................ 2.77%
=====
</TABLE>
--------------
(1) As a percentage of the total number of Mortgage Loans as of the Reference
Date.
Seven (7) Mortgage Loans have been converted and are as of the
Reference Date, REO loans.
Certain information as to the Mortgage Loans as of the Reference Date
is set forth in Exhibit 1 in tabular format. Other than with respect to rates
of interest, percentages (approximate) are stated in such tables by Stated
Principal Balance of the Mortgage Loans as of the Reference Date and have been
rounded in order to total 100.00%.
SERVICING OF MORTGAGE LOANS
The Master Servicer
Countrywide Home Loans, Inc., will continue to act as Master Servicer
under the Agreement.
Foreclosure and Delinquency Experience
The following table summarizes the delinquency, foreclosure and loss
experience, respectively, on the dates indicated, of all mortgage loans
originated or acquired by Countrywide Home Loans, Inc., serviced or master
serviced by the Master Servicer and securitized by the Depositor. The
delinquency, foreclosure and loss percentages may be affected by the size and
relative lack of seasoning of such servicing portfolio which increased from
approximately $8.671 billion at February 28, 1997, to approximately $11.002
billion at February 28, 1998, to approximately $15.381 billion at February 28,
1999, to approximately $16.801 billion at February 29, 2000 and to
approximately $18.398 billion at August 31, 2000. Accordingly, the information
should not be considered as a basis for assessing the likelihood, amount or
severity of delinquency or losses on the Mortgage Loans and no assurances can
be given that the foreclosure, delinquency and loss experience presented in
the table below will be indicative of such experience on the Mortgage Loans:
<TABLE>
<CAPTION>
As of
At February 28, (29,) August 31,
1997 1998 1999 2000 2000
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Delinquent Mortgage Loans and Pending
Foreclosures at Period End:
30-59 days............................. 0.65% 1.08% 1.03% 1.37% 1.33%
60-89 days............................. 0.15 0.16 0.18 0.22 0.26
90 days or more (excluding pending
foreclosures)..................... 0.16 0.16 0.12 0.16 0.17
---- ---- ---- ---- ----
Total of delinquencies................. 0.96% 1.40% 1.33% 1.75% 1.76%
==== ==== ==== ==== ====
Foreclosures pending............................ 0.17% 0.17% 0.14% 0.16% 0.23%
==== ==== ==== ==== ====
Total delinquencies and foreclosures pending 1.13% 1.57% 1.47% 1.92% 1.99%
==== ==== ==== ==== ====
Net Gains/(Losses) on liquidated loans (1) ..... ($2,812,000) ($2,662,000) ($3,704,605) ($3,076,240) ($728,502)
Percentage of Net Gains/(Losses) on liquidated
loans (1)(2) .............................. (0.032)% (0.024)% (0.028)% (0.017)% (0.004)%
Percentage of Net Gains/(Losses) on liquidated
loans (based on average outstanding
principal balance)(1) ..................... (0.033)% (0.027)% (0.028)% (0.018)% (0.004)%
-----------------
(1) "Net Gains (Losses)" are actual gains or losses incurred on liquidated
properties which are calculated as net liquidation proceeds less book
value (excluding loan purchase premium or discount).
(2) Based upon the total principal balance of the mortgage loans outstanding
on the last day of the indicated period.
</TABLE>
The following table summarizes the delinquency and foreclosure
experience, respectively, on the dates indicated, on all mortgage loans
serviced or master serviced by the Master Servicer. Such mortgage loans have a
variety of underwriting, payment and other characteristics, many of which
differ from those of the Mortgage Loans, and no assurances can be given that
the delinquency and foreclosure experience presented in the table below will
be indicative of such experience of the Mortgage Loans. The delinquency and
foreclosure percentages may be affected by the size and relative lack of
seasoning of such servicing portfolio which increased from approximately
$158.6 billion at February 28, 1997, to approximately $182.9 billion at
February 28, 1998, to approximately $215.5 billion at February 28, 1999, to
approximately $250.2 billion at February 29, 2000 and to approximately $270.5
billion at August 31, 2000.
<TABLE>
<CAPTION>
As of
At February 28, (29,) August 31,
1997 1998 1999 2000 2000
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
Delinquent Mortgage Loans and Pending
Foreclosures at Period End:
30-59 days.............................. 2.26% 2.68% 3.05% 3.40% 3.62%
60-89 days.............................. 0.52 0.58 0.21 0.25 0.31
90 days or more (excluding pending
foreclosures)...................... 0.66 0.65 0.29 0.32 0.80
---- ---- ---- ---- ----
Total of delinquencies.................. 3.44% 3.91% 3.55% 3.97% 4.42%
==== ==== ==== ==== ====
Foreclosures pending.................... 0.71% 0.45% 0.31% 0.39% 0.42
==== ==== ==== ==== ====
Total delinquencies and foreclosures
pending............................ 4.15% 4.36% 3.86% 4.36% 4.84%
==== ==== ==== ==== ====
</TABLE>
DESCRIPTION OF THE CLASS A-3 CERTIFICATES
The Class A-3 Certificates will be entitled to receive interest in
the amount of the Interest Distribution Amount for such Class as described in
the Prospectus Supplement under "Description of the Certificates -- Interest".
The Class A-3 Certificates are allocated principal payments as described in
the Prospectus Supplement under "Description of the Certificates --
Principal".
As of October 25, 2000 (the "Certificate Date"), the Class
Certificate Balance of the Class A-3 Certificates was approximately
$94,547,072, evidencing a beneficial ownership interest of approximately
29.66% in the Trust Fund. As of the Certificate Date, the Senior Certificates
had an aggregate principal balance of approximately $300,623,162 and evidenced
in the aggregate a beneficial ownership interest of approximately 94.30% in
the Trust Fund. As of the Certificate Date, the Subordinated Certificates had
an aggregate principal balance of $18,173,952, and evidenced in the aggregate
a beneficial ownership interest of approximately 5.70% in the Trust Fund. For
additional information with respect to the Class A-3 Certificates, see
"Description of the Certificates" in the Prospectus Supplement.
Reports to Certificateholders
The most recent monthly statement that has been furnished to
Certificateholders of record on the most recent Distribution Date is included
herein as Exhibit 2.
Revised Structuring Assumptions
Unless otherwise specified, the information in the tables appearing
in this Supplement under "Yield, Prepayment and Maturity Considerations --
Decrement Table" has been prepared on the basis of the following assumed
characteristics of the Mortgage Loans and the following additional assumptions
(collectively, the "Revised Structuring Assumptions"): (i) the Mortgage Loans
consist of two Mortgage Loans with the following characteristics:
<TABLE>
<CAPTION>
Original Term to Remaining Term to
Principal Balance Mortgage Rate Net Mortgage Rate Maturity (in months) Maturity (in months)
<S> <C> <C> <C> <C>
$213,192,696.38 8.0777655886% 7.8187655886% 360 345
$105,604,417.62 7.1274969988% 6.8684969988% 360 341
</TABLE>
(ii) the Mortgage Loans prepay at the specified constant percentages of SPA
(as defined below), (iii) no defaults in the payment by Mortgagors of
principal of any interest on the Mortgage Loans are experienced, (iv)
scheduled payments on the Mortgage Loans are received on the first day of each
month commencing in the calendar month following the Reference Date and are
computed prior to giving effect to prepayments received on the last day of the
prior month, (v) prepayments are allocated as described in the Prospectus
Supplement without giving effect to loss and delinquency tests, (vi) there are
no Net Interest Shortfalls and prepayments represent prepayments in full of
individual Mortgage Loans and are received on the last day of each month,
commencing in the calendar month of the Reference Date, (vii) the scheduled
monthly payment for each Mortgage Loan has been calculated based on the
assumed Mortgage Loan characteristics set forth in clause (i) above such that
each Mortgage Loan will amortize in amounts sufficient to repay the balance of
such Mortgage Loan by its indicated remaining term to maturity, (viii) the
Class Certificate Balance of the Class A-3 Certificates is $94,547,072 (ix)
interest accrues on the Class A-3 Certificates at the applicable interest rate
described in the Prospectus Supplement, (x) distributions in respect of the
Certificates are received in cash on the 25th day of each month commencing in
the calendar month following the Reference Date, (xi) the closing date of the
sale of the Class A-3 Certificates is November 7, 2000, (xii) the Seller is
not required to repurchase or substitute for any Mortgage Loan, (xiii) the
Master Servicer does not exercise the option to repurchase the Mortgage Loans
described in the Prospectus Supplement under the headings "--Optional Purchase
of Defaulted Loans" and "--Optional Termination" and (xiv) no class of
Certificates becomes a Restricted Class. While it is assumed that each of the
Mortgaged Loans prepays at the specified constant percentages of SPA, this is
not likely to be the case. Moreover, discrepancies will exist between the
characteristics of the actual Mortgage Loans as of the Reference Date and
characteristics of the Mortgage Loans assumed in preparing the tables herein.
Prepayments of mortgage loans commonly are measured relative to a
prepayment standard or model. The model used in this Supplement is the
Standard Prepayment Assumption ("SPA"), which represents an assumed rate of
prepayment each month of the then outstanding principal balance of a pool of
new mortgage loans. SPA does not purport to be either an historical
description of the prepayment experience of any pool of mortgage loans or a
prediction of the anticipated rate of prepayment of any pool of mortgage
loans, including the Mortgage Loans. 100% SPA assumes prepayment rates of 0.2%
per annum of the then unpaid principal balance of such pool of mortgage loans
in the first month of the life of such mortgage loans and an additional 0.2%
per annum in each month thereafter (for example, 0.4% per annum in the second
month) until the 30th month. Beginning in the 30th month and in each month
thereafter during the life of such mortgage loans, 100% SPA assumes a constant
prepayment rate of 6.0% per annum. Multiples may be calculated from this
prepayment rate sequence. For example, 250% SPA assumes prepayment rates will
be 0.50% per annum in month one, 1.00% per annum in month two, and increasing
by 0.50% in each succeeding month until reaching a rate of 15.0% per annum in
month 30 and remaining constant at 15.0% per annum thereafter. 0% SPA assumes
no prepayments. There is no assurance that prepayments will occur at any SPA
rate or at any other constant rate.
YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS
Decrement Table
The following table indicates the percentage of the Certificate Date
Principal Balance of the Class A-3 Certificates that would be outstanding
after each of the dates shown at various constant percentages of SPA and the
corresponding weighted average life thereof. The table has been prepared based
on the Revised Structuring Assumptions. However, all of the Mortgage Loans may
not have the interest rates or remaining terms to maturity described under
"Revised Structuring Assumptions" herein and the Mortgage Loans may not prepay
at the indicated constant percentages of SPA or at any constant percentage.
Percent of Class Certificate
Balance Outstanding*
Class A-3
SPA Prepayment Assumption
----------------------------------------
Distribution Date 0% 100% 250% 400% 500%
----------------- -- ---- ---- ---- ----
Initial Percent................ 84 84 83 82 82
November 25, 2001.............. 83 75 64 53 46
November 25, 2002.............. 81 65 42 21 9
November 25, 2003.............. 79 55 23 0 0
November 25, 2004.............. 77 45 7 0 0
November 25, 2005.............. 75 37 0 0 0
November 25, 2006.............. 73 29 0 0 0
November 25, 2007.............. 71 23 0 0 0
November 25, 2008.............. 68 17 0 0 0
November 25, 2009.............. 66 11 0 0 0
November 25, 2010.............. 63 6 0 0 0
November 25, 2011.............. 60 2 0 0 0
November 25, 2012.............. 57 0 0 0 0
November 25, 2013.............. 53 0 0 0 0
November 25, 2014.............. 50 0 0 0 0
November 25, 2015.............. 46 0 0 0 0
November 25, 2016.............. 41 0 0 0 0
November 25, 2017.............. 37 0 0 0 0
November 25, 2018.............. 31 0 0 0 0
November 25, 2019.............. 26 0 0 0 0
November 25, 2020.............. 20 0 0 0 0
November 25, 2021.............. 14 0 0 0 0
November 25, 2022.............. 8 0 0 0 0
November 25, 2023.............. 1 0 0 0 0
November 25, 2024.............. 0 0 0 0 0
November 25, 2025.............. 0 0 0 0 0
November 25, 2026.............. 0 0 0 0 0
November 25, 2027.............. 0 0 0 0 0
November 25, 2028.............. 0 0 0 0 0
November 25, 2029.............. 0 0 0 0 0
- - - - -
Weighted Average Life
(years)**.................... 14.6 4.9 2.2 1.5 1.2
--------------------------
* As of the original issuance date. Rounded to the nearest whole
percentage.
** Determined as specified under "Weighted Average Lives of the Offered
Certificates" in the Prospectus Supplement.
CREDIT ENHANCEMENT
As of the Reference Date, the Special Hazard Loss Coverage Amount,
Bankruptcy Loss Coverage Amount and Fraud Loss Coverage Amount were
approximately $0, $0 and $0, respectively.
CERTAIN FEDERAL INCOME TAX CONSEQUENCES
Prospective investors should consider carefully the income tax
consequences of an investment in the Class A-3 Certificates discussed under
the sections titled "Certain Federal Income Tax Consequences" in the
Prospectus Supplement and the Prospectus, which the following discussion
supplements. Prospective investors should consult their tax advisors with
respect to those consequences.
Final regulations dealing with backup withholding and information
reporting on income paid to foreign persons and related matters (the "New
Withholding Regulations") were published in the Federal Register on October
14, 1997. In general, the New Withholding Regulations do not significantly
alter the substantive withholding and information reporting requirements, but
do unify current certification procedures and forms and clarify reliance
standards. The New Withholding Regulations generally will be effective for
payments made after December 31, 2000, subject to certain transition rules.
ERISA CONSIDERATIONS
Prospective purchasers of the Class A-3 Certificates should consider
carefully the ERISA consequences of an investment in such Certificates
discussed under "ERISA Considerations" in the Prospectus, the Prospectus
Supplement and herein, and should consult their own advisors with respect to
those consequences. As described in the Prospectus Supplement, it is expected
that the Exemption will apply to the acquisition and holding of Class A-3
Certificates by Plans and that all conditions of the Exemption other than
those within the control of purchasers of the Certificates will be met.
RATINGS
The Class A-3 Certificates are currently rated "AAA" by Duff & Phelps
Credit Rating Co. and by Standard & Poor's, a division of The McGraw-Hill
Companies, Inc. See "Ratings" in the Prospectus Supplement.
METHOD OF DISTRIBUTION
The Supplement is to be used by Countrywide Securities Corporation,
an affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection
with offers and sales relating to market making transactions in the Class A-3
Certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices relating to the prevailing prices at the time of
sale.
<PAGE>
EXHIBIT 1
-----------------------------------------------------------------------------
MORTGAGE RATES(1)
=============================================================================
Mortgage Rates(%) Number of Percent of
Mortgage Aggregate Principal Mortgage
Loans Balance Outstanding Pool
=============================================================================
5.000 1 $112,880.94 0.04%
6.000 1 $492,789.14 0.15%
6.500 8 $2,477,187.78 0.78%
6.625 10 $3,702,355.79 1.16%
6.750 30 $8,458,220.70 2.65%
6.875 50 $13,961,634.95 4.38%
7.000 60 $13,118,263.30 4.11%
7.125 58 $12,606,983.91 3.95%
7.250 61 $16,976,277.68 5.33%
7.375 54 $17,472,926.92 5.48%
7.500 74 $16,224,896.51 5.09%
7.625 87 $23,535,796.69 7.38%
7.750 138 $39,697,516.39 12.45%
7.875 166 $42,972,137.87 13.48%
8.000 97 $22,378,903.85 7.02%
8.125 64 $19,463,677.57 6.11%
8.250 70 $15,973,577.30 5.01%
8.375 49 $12,027,174.05 3.77%
8.500 47 $8,818,213.86 2.77%
8.625 18 $7,087,412.06 2.22%
8.750 21 $4,650,960.34 1.46%
8.875 24 $6,718,689.67 2.11%
9.000 11 $3,130,612.40 0.98%
9.125 14 $3,438,630.39 1.08%
9.250 7 $1,250,194.65 0.39%
9.375 1 $519,950.53 0.16%
9.500 4 $1,529,248.76 0.48%
------------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
==============================================================================
(1) The lender acquired mortgage insurance loans are shown in the preceding
table at the mortgage rates net of the interest premium charged by the
related lenders. As of the Reference Date, the weighted average mortgage
rate of the Mortgage Loans (as so adjusted) is approximately 7.763%.
Without the adjustment, the weighted average mortgage rate of the
Mortgage Loans is approximately 7.790% per annum.
<PAGE>
CURRENT MORTGAGE LOANS PRINCIPAL BALANCES(1)
---------------------------------------------------------------------------
Aggregate
Number of Principal Percent of
Current Mortgage Loan Mortgage Balance Mortgage
Amount Loans Outstanding Pool
---------------------------------------------------------------------------
$0 -- $50,000 35 $1,165,287.71 0.37%
$50,001 -- $100,000 141 $11,298,174.82 3.54%
$100,001 -- $150,000 174 $21,473,440.74 6.74%
$150,001 -- $200,000 114 $19,772,081.21 6.20%
$200,001 -- $250,000 85 $19,387,022.58 6.08%
$250,001 -- $300,000 268 $74,242,389.34 23.29%
$300,001 -- $350,000 162 $52,451,829.49 16.45%
$350,001 -- $400,000 100 $37,366,046.42 11.72%
$400,001 -- $450,000 41 $17,433,426.87 5.47%
$450,001 -- $500,000 46 $22,081,284.33 6.93%
$500,001 -- $550,000 18 $9,424,813.90 2.96%
$550,001 -- $600,000 10 $5,715,488.50 1.79%
$600,001 -- $650,000 10 $6,250,922.44 1.96%
$650,001 -- $750,000 9 $6,400,886.65 2.01%
$750,001 -- $1,000,000 8 $7,039,099.92 2.21%
$1,000,001 -- $1,500,000 2 $2,978,502.67 0.93%
$1,500,001 -- $2,000,000 1 $1,850,395.40 0.58%
Above $2,000,000 1 $2,466,021.01 0.77%
----------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
============================================================================
(1) As of the Reference Date, the average current Mortgage Loan principal
balance is approximately $260,242.54.
DOCUMENTATION PROGRAM FOR MORTGAGE LOANS
--------------------------------------------------------------------------
Type of Program Number of Aggregate Percent of
Mortgage Principal Mortgage
Loans Balance Pool
Outstanding
--------------------------------------------------------------------------
Full 401 $115,466,597.38 36.22%
Alternative 324 $96,925,850.56 30.40%
Reduced 432 $90,036,754.32 28.24%
Streamlined 22 $3,796,762.42 1.19%
No Income/No Asset 22 $5,749,533.25 1.80%
Clues Plus 24 $6,821,616.07 2.14%
--------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
==========================================================================
ORIGINAL LOAN-TO-VALUE RATIOS(1)
Aggregate
Original Loan-to-Value Number of Principal Percent of
Ratios (%) Mortgage Balance Mortgage
Loans Outstanding Pool
-------------------------------------------------------------------------
50.00 and below 33 $12,039,851.83 3.78%
50.01 to 55.00 19 $6,591,248.44 2.07%
55.01 to 60.00 22 $5,805,204.52 1.82%
60.01 to 65.00 42 $16,873,020.75 5.29%
65.01 to 70.00 50 $15,754,999.66 4.94%
70.01 to 75.00 140 $40,436,738.44 12.68%
75.01 to 80.00 786 $183,762,458.56 57.64%
80.01 to 85.00 10 $2,660,518.61 0.83%
85.01 to 90.00 78 $22,833,906.91 7.16%
90.01 to 95.00 45 $12,039,166.28 3.78%
Total 1,225 $318,797,114.00 100.00%
=========================================================================
(1) The weighted average original Loan-to-Value Ration of the Mortgage Loans
is approximately 76.56%.
STATE DISTRIBUTION OF MORTGAGED PROPERTIES(1)
Aggregate
Number of Principal Percent of
Mortgage Balance Mortgage
State Loans Outstanding Pool
-------------------------------------------------------------------------
California 356 $118,330,653.91 37.12%
Colorado 58 $14,771,226.13 4.63%
Florida 65 $11,003,071.18 3.45%
Illinois 35 $8,020,645.19 2.52%
Maryland 31 $7,679,962.75 2.41%
Massachusetts 35 $8,201,120.57 2.57%
Michigan 30 $6,891,053.93 2.16%
New Jersey 44 $11,620,847.24 3.65%
New York 50 $12,620,524.80 3.96%
Pennsylvania 34 $8,120,371.90 2.55%
Tennessee 31 $6,640,604.70 2.08%
Texas 93 $18,364,150.04 5.76%
Virginia 40 $12,962,575.43 4.07%
Washington 39 $9,228,566.59 2.89%
Other (less than 2%) 284 $64,341,739.64 20.18%
-------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
==========================================================================
(1) The Other row in the preceding table includes 32 other states and the
District of Columbia with under 2% concentrations individually. No more
than approximately 0.99% of the Mortgage Loans are secured in one postal
zip-code.
PURPOSE OF MORTGAGE LOANS
---------------------------------------------------------------------------
Aggregate
Number of Principal Percent of
Mortgage Balance Mortgage
Loan Purpose Loans Outstanding Pool
---------------------------------------------------------------------------
Purchase 769 $222,312,718.20 69.73%
Refinance (rate/term) 180 $43,057,481.63 13.51%
Refinance (cash out) 276 $53,426,914.17 16.76%
---------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
===========================================================================
TYPES OF MORTGAGED PROPERTIES
-----------------------------------------------------------------------------
Aggregate
Number of Principal Percent of
Mortgage Balance Mortgage
Property Type Loans Outstanding Pool
-----------------------------------------------------------------------------
Single Family 866 $218,895,130.04 68.66%
Manufactured Housing* 5 $479,248.08 0.15%
Condominium 60 $14,127,455.16 4.43%
Hi-Rise Condo 2 $228,382.43 0.07%
2-4 Family 33 $7,452,395.07 2.34%
Planned Unit Development 259 $77,614,503.22 24.35%
-----------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
=============================================================================
OCCUPANCY TYPES
-----------------------------------------------------------------------------
Aggregate
Number of Principal Percent of
Mortgage Balance Mortgage
Occupancy Type Loans Outstanding Pool
-----------------------------------------------------------------------------
Primary Residence 1185 $307,566,928.01 96.48%
Investor Property 23 $5,047,820.35 1.58%
Second Residence 17 $6,182,365.64 1.94%
-----------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
=============================================================================
REMAINING TERMS TO MATURITY(1)
-------------------------------------------------------------------------------
Remaining Term to Number of Aggregate Percent of
Maturity (Months) Mortgage Principal Mortgage
Loans Balance Pool
Outstanding
-------------------------------------------------------------------------------
348 107 $29,904,696.92 9.38%
347 191 $62,850,423.79 19.71%
346 432 $118,020,860.49 37.02%
345 314 $69,509,431.58 21.80%
344 95 $21,260,182.68 6.67%
343 40 $7,882,438.50 2.47%
342 7 $816,088.69 0.26%
341 3 $823,106.84 0.26%
340 1 $257,472.20 0.08%
339 2 $210,344.01 0.07%
333 2 $530,238.35 0.17%
331 1 $209,834.51 0.07%
322 1 $112,880.94 0.04%
317 1 $72,530.77 0.02%
291 1 $112,725.86 0.04%
286 2 $356,217.69 0.11%
285 2 $276,678.04 0.09%
284 1 $161,168.85 0.05%
283 1 $168,445.59 0.05%
226 9 $2,143,928.74 0.67%
225 8 $2,346,704.29 0.74%
224 4 $770,714.67 0.24%
-----------------------------------------------------------------------------
Total 1,225 $318,797,114.00 100.00%
==============================================================================
(1) As of the Reference Date, the weighted average remaining term to maturity
of the Mortgage Loans in the following table is approximately 344 months.
<PAGE>
EXHIBIT 2
Distribution Date: 10/25/00
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
<TABLE>
<CAPTION>
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
Certificateholder Monthly Distribution Summary
Certificate Pass
Class Rate Beginning Through
Class Cusip Description Type Balance Rate (%)
------ ----- ------------ ----------- --------- ---------
<S> <C> <C> <C> <C> <C>
Al 12669BKA9 Senior Fix-30/360 52,555,117.62 7.250000
A2 12669BKB7 Senior Fix-30/360 24,400,000.00 7.250000
A3 12669BKC5 Senior Fix-30/360 95,767,245.29 7.250000
A4 12669BKD3 Senior Fix-30/360 16,850,000.00 7.250000
A5 12669BKEI Senior Fix-30/360 14,331,684.00 7.250000
A6 12669BKF8 Senior Fix-30/360 2,000,000.00 7.250000
A7 12669BKG6 Senior Fix-30/360 547,628.00 0.000000
A8 12669BKH4 Senior Fix-30/360 12,881,186.00 7.500000
A9 12669BKJO Senior Fix-30/360 1,000,000.00 8.000000
A10 12669BKK7 Senior Fix-30/360 1,000,000.00 7.500000
A11 12669BKL5 Senior Fix-30/360 1,000,000.00 8.000000
A12 12669BKM3 Senior Fix-30/360 8,156,567.50 7.000000
A13 12669BKNI Senior Fix-30/360 9,223,786.00 7.000000
A14 12669BKP6 Senior Fix-30/360 17,619,646.50 7.000000
A15 12669BKQ4 Strip IO Fix-30/360 1,206,896.55 7.250000
A16 1266913KR2 Senior Fix-30/360 34,961,256.00 7.250000
A17 12669BLB6 Senior Fix-30/360 4,878,842.71 7.250000
PO 12669BKSO Strip PO Fix-30/360 5,570,025.42 0.000000
X 12669BKT8 Strip IO Fix-30/360 214,582,456.02 0.568396
M 12669BKV3 Senior Fix-30/360 9,180,951.25 7.250000
B1 12669BKWI Senior Fix-30/360 3,810,936.59 7.250000
B2 12669BKX9 Senior Fix-30/360 1,732,297.96 7.250000
B3 1266913KY7 Senior Fix-30/360 1,732,198.86 7.250000
B4 12669BKZ4 Senior Fix-30/360 692,978.64 7.250000
B5 1266913LA4 Senior Fix-30/360 1,039,379.01 7.250000
AR 12669BKU5 Senior Fix-30/360 0.00 7.250000
Totals 320,931,727.35
</TABLE>
<TABLE>
<CAPTION>
Current Cumulative
Principal Interest Total Realized Ending Realized
Class Distribution Distribution Distribution Losses Balance Losses
------- ------------ ------------ ------------ --------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C>
Al 833,784.79 317,520.50 1,151,305.29 0.00 51,721,332.83 0.00
A2 0.00 147,416.67 147,416.67 0.00 24,400,000.00 0.00
A3 1,220,172.86 578,593.77 1,798,766.64 0.00 94,547,072.43 0.00
A4 0.00 101,802.08 101,802.08 0.00 16,850,000.00 0.00
A5 0.00 86,587.26 86,587.26 0.00 14,331,684.00 0.00
A6 0.00 12,083.33 12,083.33 0.00 2,000,000.00 0.00
A7 0.00 0.00 0.00 0.00 547,628.00 0.00
A8 0.00 80,507.41 80,507.41 0.00 12,881,186.00 0.00
A9 0.00 6,666.67 6,666.67 0.00 1,000,000.00 0.00
A10 0.00 6,250.00 6,250.00 0.00 1,000,000.00 0.00
A11 0.00 6,666.67 6,666.67 0.00 1,000,000.00 0.00
A12 102,781.27 47,579.98 150,361.25 0.00 8,053,786.23 0.00
A13 0.00 53,805.42 53,805.42 0.00 9,223,786.00 0.00
A14 0.00 0.00 0.00 0.00 17,722,427.77 0.00
A15 0.00 7,291.67 7,291.67 0.00 1,206,896.55 0.00
A16 0.00 211,224.26 211,224.26 0.00 34,961,256.00 0.00
A17 52,860.75 29,476.34 82,337.09 0.00 4,825,981.97 0.00
PO 13,004.42 0.00 13,004.42 0.00 5,557,021.00 0.00
X 0.00 101,639.84 101,639.84 0.00 213,192,696.38 0.00
M 7,465.63 55,468.25 62,933.87 0.00 9,173,485.62 0.00
B1 3,098.92 23,024.41 26,123.33 0.00 3,807,837.67 0.00
B2 1,408.64 10,465.97 11,874.61 0.00 1,730,889.31 0.00
B3 1,408.56 10,465.37 11,873.93 0.00 1,730,790.30 0.00
B4 563.51 4,186.75 4,750.25 0.00 692,415.13 0.00
B5 845.19 6,279.58 7,124.77 0.00 1,038,533.82 0.00
AR 0.00 0.00 0.00 0.00 0.00 0.00
Totals 2,237,394.54 1,905,002.20 4,142,396.73 0.00 318,797,114.08 0.00
</TABLE>
Distribution Date: 10/25/00
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
<TABLE>
<CAPTION>
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
Principal Distribution Detail
Original Beginning Scheduled
Certificate Certificate Principal Accretion
Class Cusip Balance Balance Distribution Principal
------ ------ ------------- ------------ ------------ ----------
<S> <C> <C> <C> <C> <C>
Al 12669BKA9 63,750,000.00 52,555,117.62 833,784.79 0.00
A2 12669BKB7 24,400,000.00 24,400,000.00 0.00 0.00
A3 12669BKC5 112,150,000.00 95,767,245.29 1,220,172.86 0.00
A4 12669BKD3 16,850,000.00 16,850,000.00 0.00 0.00
A5 12669BKEI 14,331,684.00 14,331,684.00 0.00 0.00
A6 12669BKF8 2,000,000.00 2,000,000.00 0.00 0.00
A7 12669BKG6 547,628.00 547,628.00 0.00 0.00
A8 12669BKH4 12,881,186.00 12,881,186.00 0.00 0.00
A9 12669BKJO 1,000,000.00 1,000,000.00 0.00 0.00
A10 12669BKK7 1,000,000.00 1,000,000.00 0.00 0.00
A11 12669BKL5 1,000,000.00 1,000,000.00 0.00 0.00
A12 12669BKM3 9,344,423.00 8,156,567.50 102,781.27 0.00
A13 12669BKNI 9,223,786.00 9,223,786.00 0.00 0.00
A14 12669BKP6 16,431,791.00 17,619,646.50 0.00 102,781.27
A15 12669BKQ4 1,206,896.55 1,206,896.55 0.00 0.00
A16 12669BKR2 34,961,256.00 34,961,256.00 0.00 0.00
A17 12669BLB6 5,588,582.00 4,878,842.71 52,860.75 0.00
PO 12669BKSO 5,797,471.02 5,570,025.42 13,004.42 0.00
X 12669BKT8 239,185,059.81 214,582,456.02 0.00 0.00
M 12669BKV3 9,264,700.00 9,180,951.25 7,465.63 0.00
B1 12669BKW1 3,845,700.00 3,810,936.59 3,098.92 0.00
B2 12669BKX9 1,748,100.00 1,732,297.96 1,408.64 0.00
B3 12669BKY7 1,748,000.00 1,732,198.86 1,408.56 0.00
B4 12669BKZ4 699,300.00 692,978.64 563.51 0.00
B5 12669BLA4 1,048,859.98 1,039,379.01 845.19 0.00
AR 12669BKU5 100.00 0.00 0.00 0.00
Totals 349,612,567.00 320,931,727.35 2,237,394.54 102,781.27
</TABLE>
<TABLE>
<CAPTION>
Unscheduled Net Current Ending Ending
Principal Principal Realized Certificate Certificate
Class Adjustments Distribution Losses Balance Factor
--------- ------------ ------------ --------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Al 0.00 833,784.79 0.00 51,721,332.83 0.81131502471
A2 0.00 0.00 0.00 24,400,000.00 1.00000000000
A3 0.00 1,220,172.86 0.00 94,547,072.43 0.84304121647
A4 0.00 0.00 0.00 16,850,000.00 1.00000000000
A5 0.00 0.00 0.00 14,331,684.00 1.00000000000
A6 0.00 0.00 0.00 2,000,000.00 1.00000000000
A7 0.00 0.00 0.00 547,628.00 1.00000000000
A8 0.00 0.00 0.00 12,881,186.00 1.00000000000
A9 0.00 0.00 0.00 1,000,000.00 1.00000000000
A10 0.00 0.00 0.00 1,000,000.00 1.00000000000
A11 0.00 0.00 0.00 1,000,000.00 1.00000000000
A12 0.00 102,781.27 0.00 8,053,786.23 0.86188159812
A13 0.00 0.00 0.00 9,223,786.00 1.00000000000
A14 0.00 0.00 0.00 17,722,427.77 1.07854510633
A15 0.00 0.00 0.00 1,206,896.55 1.00000000144
A16 0.00 0.00 0.00 34,961,256.00 1.00000000000
A17 0.00 52,860.75 0.00 4,825,981.97 0.86354319710
PO 0.00 13,004.42 0.00 5,557,021.00 0.95852501555
X 0.00 0.00 0.00 213,192,696.38 0.89132948584
M 0.00 7,465.63 0.00 9,173,485.62 0.99015463219
B1 0.00 3,098.92 0.00 3,807,837.67 0.99015463219
B2 0.00 1,408.64 0.00 1,730,889.31 0.99015463219
B3 0.00 1,408.56 0.00 1,730,790.30 0.99015463219
B4 0.00 563.51 0.00 692,415.13 0.99015463219
B5 0.00 845.19 0.00 1,038,533.82 0.99015487297
AR 0.00 0.00 0.00 0.00 0.00000000000
Totals 0.00 2,237,394.54 0.00 318,797,114.08
</TABLE>
<PAGE>
Distribution Date: 10/25/00
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
Interest Distribution Detail
Beginning Pass Accrued Curative
Certificate Through Optimal Unpaid
Class Balance Rate (%) Interest Interest
----- ------------- --------- ----------- ---------
Al 52,555,117.62 7.250000 317,520.50 0.00
A2 24,400,000.00 7.250000 147,416.67 0.00
A3 95,767,245.29 7.250000 578,593.77 0.00
A4 16,850,000.00 7.250000 101,802.08 0.00
A5 14,331,684.00 7.250000 86,587.26 0.00
A6 2,000,000.00 7.250000 12,083.33 0.00
A7 547,628.00 0.000000 0.00 0.00
A8 12,881,186.00 7.500000 80,507.41 0.00
A9 1,000,000.00 8.000000 6,666.67 0.00
A1O 1,000,000.00 7.500000 6,250.00 0.00
A11 1,000,000.00 8.000000 6,666.67 0.00
A12 8,156,567.50 7.000000 47,579.98 0.00
A13 9,223,786.00 7.000000 53,805.42 0.00
A14 17,619,646.50 7.000000 0.00 0.00
A15 1,206,896.55 7.250000 7,291.67 0.00
A16 34,961,256.00 7.250000 211,224.26 0.00
A17 4,878,842.71 7.250000 29,476.34 0.00
PO 5,570,025.42 0.000000 0.00 0.00
X 214,582,456.02 0.568396 101,639.84 0.00
M 9,180,951.25 7.250000 55,468.25 0.00
B1 3,810,936.59 7.250000 23,024.41 0.00
B2 1,732,297.96 7.250000 10,465.97 0.00
B3 1,732,198.86 7.250000 10,465.37 0.00
B4 692,978.64 7.250000 4,186.75 0.00
B5 1,039,379.01 7.250000 6,279.58 0.00
AR 0.00 7.250000 0.00 0.00
Totals 320,931,727.35 1,905,002.20 0.00
<TABLE>
<CAPTION>
Total Net Unscheduled
Deferred Interest Prepayment Interest Interest
Class Interest Due Int Shortfall Adjustment Paid
------- ---------- -------- ------------- ------------ ---------
<S> <C> <C> <C> <C> <C>
Al 0.00 317,520.50 0.00 0.00 317,520.50
A2 0.00 147,416.67 0.00 0.00 147,416.67
A3 0.00 578,593.77 0.00 0.00 578,593.77
A4 0.00 101,802.08 0.00 0.00 101,802.08
A5 0.00 86,587.26 0.00 0.00 86,587.26
A6 0.00 12,083.33 0.00 0.00 12,083.33
A7 0.00 0.00 0.00 0.00 0.00
A8 0.00 80,507.41 0.00 0.00 80,507.41
A9 0.00 6,666.67 0.00 0.00 6,666.67
A1O 0.00 6,250.00 0.00 0.00 6,250.00
A11 0.00 6,666.67 0.00 0.00 6,666.67
A12 0.00 47,579.98 0.00 0.00 47,579.98
A13 0.00 53,805.42 0.00 0.00 53,805.42
A14 102,781.27 102,781.27 0.00 0.00 0.00
A15 0.00 7,291.67 0.00 0.00 7,291.67
A16 0.00 211,224.26 0.00 0.00 211,224.26
A17 0.00 29,476.34 0.00 0.00 29,476.34
PO 0.00 0.00 0.00 0.00 0.00
X 0.00 101,639.84 0.00 0.00 101,639.84
M 0.00 55,468.25 0.00 0.00 55,468.25
B1 0.00 23,024.41 0.00 0.00 23,024.41
B2 0.00 10,465.97 0.00 0.00 10,465.97
B3 0.00 10,465.37 0.00 0.00 10,465.37
B4 0.00 4,186.75 0.00 0.00 4,186.75
B5 0.00 6,279.58 0.00 0.00 6,279.58
AR 0.00 0.00 0.00 0.00 0.00
Totals 102,781.27 2,007,783.47 0.00 0.00 1,905,002.20
</TABLE>
<PAGE>
Distribution Date: 10/25/00
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
<TABLE>
<CAPTION>
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
Current Payment Information
Factors per $1, 000
Original Beginning Cert. Ending Cert. Pass
Certificate Notional Principal Interest National Through
Class CUSIP Balance Balance Distribution Distribution Balance Rate
<S> <C> <C> <C> <C> <C> <C> <C>
Al 12669BKA9 63,750,000.00 824.394001818 13.078977108 4.980713761 811.315024710 7.250000
A2 12669BKB7 24,400,000.00 1,000.000000000 0.000000000 6.041666667 1,000.000000000 7.250000
A3 1266913KC5 112,150,000.00 853.921045847 10.879829374 5.159106319 843.041216473 7.250000
A4 12669BKD3 16,850,000.00 1,000.000000000 0.000000000 6.041666667 1,000.000000000 7.250000
A5 12669BKEI 14,331,684.00 1,000.000000000 0.000000000 6.041666667 1,000.000000000 7.250000
A6 12669BKF8 2,000,000.00 1,000.000000000 0.000000000 6.041666667 1,000.000000000 7.250000
A7 12669BKG6 547,628.00 1,000.000000000 0.000000000 0.000000000 1,000.000000000 0.000000
A8 12669BKH4 12,881,186.00 1,000.000000000 0.000000000 6.250000000 1,000.000000000 7.500000
A9 12669BKJO 1,000,000.00 1,000.000000000 0.000000000 6.666666667 1,000.000000000 8.000000
A10 12669BKK7 1,000,000.00 1,000.000000000 0.000000000 6.250000000 1,000.000000000 7.500000
All 12669BKL5 1,000,000.00 1,000.000000000 0.000000000 6.666666667 1,000.000000000 8.000000
A12 12669BKM3 9,344,423.00 872.880808157 10.999210037 5.091804714 861.881598120 7.000000
A13 12669BKNI 9,223,786.00 1,000.000000000 0.000000000 5.833333333 1,000.000000000 7.000000
A14 12669BKP6 16,431,791.00 1,072.290080856 0.000000000 0.000000000 1,078.545106328 7.000000
A15 12669BKQ4 1,206,896.55 1,000.000001438 0.000000000 6.041666675 1,000.000001438 7.250000
A16 1266913KR2 34,961,256.00 1,000.000000000 0.000000000 6.041666667 1,000.000000000 7.250000
A17 12669BLB6 5,588,582.00 873.001901480 9.458704375 5.274386488 863.543197105 7.250000
PO 12669BKSO 5,797,471.02 960.768134410 2.243118856 0.000000000 958.525015554 0.000000
X 1266913KT8 239,185,059.81 897.139880687 0.000000000 0.424942263 891.329485836 0.568396
M 12669BKV3 9,264,700.00 990.960446259 0.805814072 5.987052696 990.154632187 7.250000
B1 12669BKWI 3,845,700.00 990.960446259 0.805814072 5.987052696 990.154632187 7.250000
B2 12669BKX9 1,748,100.00 990.960446259 0.805814072 5.987052696 990.154632187 7.250000
B3 1266913KY7 1,748,000.00 990.960446259 0.805814072 5.987052696 990.154632187 7.250000
B4 12669BKZ4 699,300.00 990.960446259 0.805814072 5.987052696 990.154632187 7.250000
B5 1266913LA4 1,048,859.98 990.960687241 0.805814268 5.987054152 990.154872973 7.250000
AR 12669BKU5 100.00 0.000000000 0.000000000 0.000000000 0.000000000 7.250000
Totals 349,612,567.00 917.963933917 6.399639919 5.448895091 911.858280197
</TABLE>
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
<TABLE>
<CAPTION>
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
<S> <C>
Pool Level Data
Distribution Date 10/25/00
Cut-off Date 9/1/99
Determination Date 10/1/00
Accrual Period Begin 9/1/00
End 10/1/00
Number of Days in Accrual Period 30
-----------------------------------------------------------------------------
Collateral Information
-----------------------------------------------------------------------------
Group 1
Cut-Off Date Balance 0.00
Beginning Aggregate Pool Stated Principal Balance 320,931,727.26
Ending Aggregate Pool Stated Principal Balance 318,797,114.00
Beginning Aggregate Certificate Stated Principal Balance 320,931,727.33
Ending Aggregate Certificate Stated Principal Balance 318,797,114.07
Beginning Aggregate Loan Count 1233
Loans Paid Off or Otherwise Removed Pursuant to
Pooling and Servicing 8
Agreement
Ending Aggregate Loan Count 1225
Beginning Weighted Average Loan Rate (WAC) 7.790455%
Ending Weighted Average Loan Rate (WAC) 7.790419%
Beginning Net Weighted Average Loan Rate 7.504213%
Ending Net Weighted Average Loan Rate 7.504019%
Weighted Average Maturity (WAM) (Months) 344
Servicer Advances 72,321.97
Aggregate Pool Prepayment 1,872,674.22
Pool Prepayment Rate 6.7817 CPR
Certificate Account
Beginning Balance 0.00
Deposit
Payments of Interest and Principal 4,214,033.26
Liquidation Proceeds 0.00
All Other Proceeds 0.00
Other Amounts 0.00
-------------
Total Deposits 4,214,033.26
</TABLE>
<PAGE>
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
<TABLE>
<CAPTION>
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
<S> <C>
Withdrawals
Reimbursement of Servicer Advances 0.00
Payment of Master Servicer Fees 166,824.04
Payment of Sub Servicer Fees 7,285.65
Payment of Other Fees 74,876.84
Payment of Insurance Premiums 0.00
Payment of Personal Mortgage Insurance 0.00
Other Permitted Withdrawal per the Pooling
and Service Agreement 0.00
Payment of Principal and Interest 4,142,396.75
---------------
Total Withdrawals 4,391,383.27
Ending Balance -102,473.17
Prepayment Compensation
Total Gross Prepayment Interest Shortfall 1,676.57
Compensation for Gross PPIS from Servicing Fees 1,676.57
Other Gross PPIS Compensation 0.00
---------------
Total Net PPIS (Non-Supported PPIS) 0.00
Master Servicing Fees Paid 166,824.04
Sub Servicing Fees Paid 7,285.65
Insurance Premiums Paid 0.00
Personal Mortgage Insurance Fees Paid 0.00
Other Fees Paid 74,876.84
---------------
Total Fees 248,986.53
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------
Delinquency Information
-----------------------------------------------------------------------
Group 1
Delinquency 30 - 59 Days 60 - 89 Days 90+ Days Totals
----------- ------------ ------------ -------- ------
<S> <C> <C> <C> <C> <C>
Scheduled Principal Balance 3,778,576.27 1,450 040.17 2,136,493.35 7,365,109.79
Percentage of Total Pool Balance 1.185261% 0.454847% 0.670173% 2.310281%
Number of Loans 19 4 4 27
Percentage of Total Loans 1.551020% 0.326531% 0.326531% 2.204082%
Foreclosure
Scheduled Principal Balance 0.00 0.00 0.00 2,215,725.91
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000% 0.695027%
Number of Loans 0 0 0 7
Percentage of Total Loans 0.000000% 0.000000% 0.000000% 0.571429%
Bankruptcy
Scheduled Principal Balance 0.00 0.00 0.00 0.00
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000% 0.000000%
Number of Loans 0 0 0 0
</TABLE>
<PAGE>
THE
BANK OF
NEW
YORK
101 Barclay St
New York, NY 10286
Attn: Courtney Bartholomew
212-815-5795
<TABLE>
<CAPTION>
Countrywide Home Loans
Mortgage Pass-Through Certificates
Series 1999-11
<S> <C> <C> <C> <C>
Bankruptcy
Percentage of Total Loans 0.000000% 0.000000% 0.000000% 0.000000%
REO
---
Scheduled Principal Balance 0.00 0.00 0.00 0.00
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000% 0.000000%
Number of Loans 0 0 0 0
Percentage of Total Loans 0.000000% 0.000000% 0.000000% 0.000000%
Book Value of all REO Loans 0.00
Percentage of Total Pool Balance 0.000000%
Current Realized Losses 0.00
Additional Gains (Recoveries)/Losses 0.00
Total Realized Losses 0.00
---------------------------------------------------------------------------
Subordination/Credit Enhancement Information
---------------------------------------------------------------------------
Protection Original Current
---------- -------- -------
Bankruptcy Loss 0.00 0.00 0.00
Bankruptcy Percentage 0.000000% 0.000000% 0.00
Credit/Fraud Loss 0.00 0.00 0.00
Credit/Fraud Loss Percentage 0.000000% 0.000000% 0.00
Special Hazard Loss 0.00 0.00 0.00
Special Hazard Loss Percentage 0.000000% 0.000000% 0.00
Credit Support Original Current
-------------- -------- -------
Class A 349,612,567.00 318,797,114.07 0.00
Class A Percentage 100.000000% 100.000000% 0.00
---------------------------------------------------------------------------
Reserve Fund Information
---------------------------------------------------------------------------
all reserve
----------
Beginning Balance
Deposits
Accrued Interest
Withdrawals
Ending Balance
a11 reserve
-----------
Beginning Balance
Deposits
Accrued Interest
Withdrawals
Ending Balance
</TABLE>
