Payment Date: 05/25/00
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-8
------------------------------------------------------------
<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 19,842,200.00 6.000000% 0.00 99,211.00 99,211.00 0.00 0.00
A2 36,027,857.00 6.050000% 0.00 181,640.45 181,640.45 0.00 0.00
A3 117,895,750.00 6.500000% 0.00 638,601.98 638,601.98 0.00 0.00
A4 39,757,193.00 6.450000% 0.00 213,694.91 213,694.91 0.00 0.00
A5 39,757,193.00 2.050000% 0.00 67,918.54 67,918.54 0.00 0.00
A6 98,083,677.43 6.750000% 1,224,610.73 551,720.69 1,776,331.42 0.00 0.00
A7 68,746,985.47 6.750000% 1,097,687.09 386,701.79 1,484,388.88 0.00 0.00
A8 19,170,900.00 6.750000% 0.00 107,836.31 107,836.31 0.00 0.00
A9 24,527,300.00 7.250000% 0.00 148,185.77 148,185.77 0.00 0.00
A10 69,097,029.15 7.250000% 0.00 417,461.22 417,461.22 0.00 0.00
A11 9,672,636.95 0.000000% 0.00 0.00 0.00 0.00 0.00
A12 6,000,000.00 7.000000% 0.00 35,000.00 35,000.00 0.00 0.00
A13 6,750,000.00 7.000000% 0.00 39,375.00 39,375.00 0.00 0.00
A14 5,500,000.00 8.000000% 0.00 36,666.67 36,666.67 0.00 0.00
A15 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A16 5,074,059.66 6.750000% 0.00 0.00 0.00 0.00 0.00
A17 5,288,476.98 6.750000% 0.00 0.00 0.00 0.00 0.00
A18 1,480,773.56 6.750000% 0.00 0.00 0.00 0.00 0.00
A19 27,831,261.00 7.250000% 0.00 168,147.20 168,147.20 0.00 0.00
A20 70,018,196.00 6.750000% 0.00 393,852.35 393,852.35 0.00 0.00
PO 6,915,370.06 0.000000% 14,463.21 0.00 14,463.21 0.00 0.00
X 348,394,591.01 0.361889% 0.00 105,066.90 105,066.90 0.00 0.00
M 18,394,940.45 6.750000% 16,719.29 103,471.54 120,190.83 0.00 0.00
B1 6,247,308.35 6.750000% 5,678.22 35,141.11 40,819.33 0.00 0.00
B2 2,776,669.62 6.750000% 2,523.73 15,618.77 18,142.50 0.00 0.00
B3 2,082,403.08 6.750000% 1,892.71 11,713.52 13,606.23 0.00 0.00
B4 1,735,418.50 6.750000% 1,577.33 9,761.73 11,339.06 0.00 0.00
B5 1,735,378.50 6.750000% 1,577.30 9,761.50 11,338.80 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 670,651,784.76 - 2,366,729.61 3,776,548.95 6,143,278.56 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 19,842,200.00 0.00
A2 36,027,857.00 0.00
A3 117,895,750.00 0.00
A4 39,757,193.00 0.00
A5 39,757,193.00 0.00
A6 96,859,066.70 0.00
A7 67,649,298.38 0.00
A8 19,170,900.00 0.00
A9 24,527,300.00 0.00
A10 69,097,029.15 0.00
A11 9,672,636.95 0.00
A12 6,000,000.00 0.00
A13 6,750,000.00 0.00
A14 5,500,000.00 0.00
A15 0.00 0.00
A16 5,102,601.25 0.00
A17 5,318,224.66 0.00
A18 1,489,102.91 0.00
A19 27,831,261.00 0.00
A20 70,018,196.00 0.00
PO 6,900,906.85 0.00
X 346,648,391.90 0.00
M 18,378,221.16 25,089.44
B1 6,241,630.13 8,520.90
B2 2,774,145.89 3,787.19
B3 2,080,510.37 2,840.26
B4 1,733,841.17 2,366.99
B5 1,733,801.20 2,366.94
Residual AR 0.00 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 668,351,673.77 44,971.72
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 05/25/00
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-8
------------------------------------------------------------
<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 19,842,200.00 6.000000% 12669BCZ3 0.000000 5.000000 1,000.000000
A2 36,027,857.00 6.050000% 12669BDA7 0.000000 5.041667 1,000.000000
A3 117,895,750.00 6.500000% 12669BDB5 0.000000 5.416667 1,000.000000
A4 39,757,193.00 6.450000% 12669BDC3 0.000000 5.375000 1,000.000000
A5 39,757,193.00 2.050000% 12669BDD1 0.000000 1.708333 1,000.000000
A6 98,083,677.43 6.750000% 12669BDE9 11.363820 5.119712 898.807271
A7 68,746,985.47 6.750000% 12669BDF6 14.177608 4.994598 873.751012
A8 19,170,900.00 6.750000% 12669BDG4 0.000000 5.625000 1,000.000000
A9 24,527,300.00 7.250000% 12669BDH2 0.000000 5.808905 961.473970
A10 69,097,029.15 7.250000% 12669BDJ8 0.000000 5.725156 947.612068
A11 9,672,636.95 0.000000% 12669BDK5 0.000000 0.000000 964.524638
A12 6,000,000.00 7.000000% 12669BDL3 0.000000 5.833333 1,000.000000
A13 6,750,000.00 7.000000% 12669BDM1 0.000000 5.833333 1,000.000000
A14 5,500,000.00 8.000000% 12669BDN9 0.000000 6.666667 1,000.000000
A15 0.00 6.750000% 12669BDP4 0.000000 0.000000 0.000000
A16 5,074,059.66 6.750000% 12669BDQ2 0.000000 0.000000 1,020.520250
A17 5,288,476.98 6.750000% 12669BDR0 0.000000 0.000000 1,063.644932
A18 1,480,773.56 6.750000% 12669BDS8 0.000000 0.000000 1,063.644936
A19 27,831,261.00 7.250000% 12669BDT6 0.000000 6.041667 1,000.000000
A20 70,018,196.00 6.750000% 12669BDU3 0.000000 5.625000 1,000.000000
PO 6,915,370.06 0.000000% 12669BDW9 2.040998 0.000000 973.832172
X 348,394,591.01 0.361889% 12669BDX7 0.000000 0.284812 939.683467
M 18,394,940.45 6.750000% 12669BDZ2 0.901076 5.576538 990.483388
B1 6,247,308.35 6.750000% 12669BEA6 0.901076 5.576538 990.483390
B2 2,776,669.62 6.750000% 12669BEB4 0.901075 5.576539 990.483394
B3 2,082,403.08 6.750000% 12669BEK4 0.901076 5.576539 990.483394
B4 1,735,418.50 6.750000% 12669BEL2 0.901074 5.576538 990.483388
B5 1,735,378.50 6.750000% 12669BEM0 0.901077 5.576534 990.483187
Residual AR 0.00 6.750000% 12669BDY5 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 670,651,784.76 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-8
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 668,351,674.42 668,351,674.42
Loan count 2098 2098
Avg loan rate 7.147834% 7.15
Prepay amount 1,689,835.77 1,689,835.77
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 138,955.38 138,955.38
Sub servicer fees 11,423.05 11,423.05
Trustee fees 5,029.89 5,029.89
Agg advances N/A N/A
Adv this period 51,045.63 51,045.63
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 0.00
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00
Fraud 0.00 0.00
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 670,651,784.76
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 21 3,886,689.28
60 to 89 days 6 1,977,956.52
90 or more 2 363,950.57
Foreclosure 4 992,985.41
Totals: 33 7,221,581.78
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
REO INFORMATION
--------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 120,720.20
Current Total Outstanding Number of Loans: 1
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 6,143,278.56 6,143,278.56
Principal remittance amount 2,366,729.61 2,366,729.61
Interest remittance amount 3,776,548.95 3,776,548.95
