BSMS 1999-1
8-K, EX-99.1466, 2000-11-02
ASSET-BACKED SECURITIES
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                             Payment Date: 04/25/00


          ------------------------------------------------------------
                   BEAR STEARNS ASSET BACKED SECURITIES, INC.
                                , Series 1999-1
          ------------------------------------------------------------
<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                  AF1        38,269,618.19    6.610000%     1,226,189.31    210,801.81    1,436,991.12       0.00       0.00
                        AF2        12,734,000.00    7.040000%             0.00     74,706.13       74,706.13       0.00       0.00
                        AF3        19,803,000.00    7.180000%             0.00    118,487.95      118,487.95       0.00       0.00
                        AF4         9,950,000.00    7.460000%             0.00     61,855.83       61,855.83       0.00       0.00
                        AF5         9,199,000.00    7.770000%             0.00     59,563.53       59,563.53       0.00       0.00
                        AF6         8,880,000.00    7.400000%             0.00     54,760.00       54,760.00       0.00       0.00
                        MF1         6,660,000.00    7.760000%             0.00     43,068.00       43,068.00       0.00       0.00
                        MF2         5,075,000.00    8.370000%             0.00     35,398.13       35,398.13       0.00       0.00
                        BF          4,757,000.00    8.500000%             0.00     33,695.42       33,695.42       0.00       0.00
                        AV1       115,629,612.93    6.485000%     4,257,291.19    604,052.31    4,861,343.50       0.00       0.00
                        MV1        12,011,000.00    6.775000%             0.00     65,551.70       65,551.70       0.00       0.00
                        MV2         7,722,000.00    7.425000%             0.00     46,187.21       46,187.21       0.00       0.00
                        BV          9,437,000.00    9.625000%             0.00     73,169.52       73,169.52       0.00       0.00
                        BFI                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        BVI                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals          -        -        260,127,231.12     -            5,483,480.50  1,481,297.54    6,964,778.04     -          -
----------------------------------------------------------------------------------------------------------------------------------
Class Information

--------------------------------------------------------------------------------
                                             Ending Cert.          Unpaid
Type             Class Code     Name         Notional Bal.         Interest
--------------------------------------------------------------------------------
Senior                          AF1        37,043,428.88              0.00
                                AF2        12,734,000.00              0.00
                                AF3        19,803,000.00              0.00
                                AF4         9,950,000.00              0.00
                                AF5         9,199,000.00              0.00
                                AF6         8,880,000.00              0.00
                                MF1         6,660,000.00              0.00
                                MF2         5,075,000.00              0.00
                                BF          4,757,000.00              0.00
                                AV1       111,372,321.74              0.00
                                MV1        12,011,000.00              0.00
                                MV2         7,722,000.00              0.00
                                BV          9,437,000.00              0.00
                                BFI                 0.00              0.00
                                BVI                 0.00              0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals            -              -        254,643,750.62     -
--------------------------------------------------------------------------------

</TABLE>
<PAGE>
                             Payment Date: 04/25/00


          ------------------------------------------------------------
                   BEAR STEARNS ASSET BACKED SECURITIES, INC.
                                , Series 1999-1
          ------------------------------------------------------------
<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                     AF1    38,269,618.19     6.610000% 07383GAA4    24.619309      4.232458    743.754345
                           AF2    12,734,000.00     7.040000% 07383GAB2     0.000000      5.866667  1,000.000000
                           AF3    19,803,000.00     7.180000% 07383GAC0     0.000000      5.983333  1,000.000000
                           AF4     9,950,000.00     7.460000% 07383GAD8     0.000000      6.216667  1,000.000000
                           AF5     9,199,000.00     7.770000% 07383GAE6     0.000000      6.475000  1,000.000000
                           AF6     8,880,000.00     7.400000% 07383GAF3     0.000000      6.166667  1,000.000000
                           MF1     6,660,000.00     7.760000% 07383GAG1     0.000000      6.466667  1,000.000000
                           MF2     5,075,000.00     8.370000% 07383GAH9     0.000000      6.975000  1,000.000000
                           BF      4,757,000.00     8.500000% 07383GAJ5     0.000000      7.083333  1,000.000000
                           AV1   115,629,612.93     6.485000% 07383GAK2    29.892509      4.241345    781.999170
                           MV1    12,011,000.00     6.775000% 07383GAL0     0.000000      5.457639  1,000.000000
                           MV2     7,722,000.00     7.425000% 07383GAM8     0.000000      5.981250  1,000.000000
                           BV      9,437,000.00     9.625000% 07383GAN6     0.000000      7.753472  1,000.000000
                           BFI             0.00     0.000000% N/A           0.000000      0.000000      0.000000
                           BVI             0.00     0.000000% N/A           0.000000      0.000000      0.000000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals       -             -     260,127,231.12       -            -           -             -           -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

          ------------------------------------------------------------
                   BEAR STEARNS ASSET BACKED SECURITIES, INC.
                                , Series 1999-1
          ------------------------------------------------------------

--------------------------------------------------------------------------------
                             COLLATERAL INFORMATION
--------------------------------------------------------------------------------
                                                            Total
                                                            -----
Prin balance       115,974,913.31   144,228,340.72   260,203,254.03
Loan count                   1444             1400             2844
Avg loan rate           9.659992%        9.915280%             9.80
Prepay amount          933,695.29     3,716,607.53     4,650,302.82

--------------------------------------------------------------------------------
                                FEES AND ADVANCES
--------------------------------------------------------------------------------
                                                            Total
                                                            -----
Master serv fees        47,141.74        56,730.94       103,872.68
Sub servicer fees            0.00             0.00             0.00
Trustee fees                 0.00             0.00             0.00


Agg advances                  N/A              N/A              N/A
Adv this period        155,760.00       239,022.78       394,782.78

--------------------------------------------------------------------------------
                          LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------

                                                            Total
                                                            -----
Realized losses         24,950.56        29,142.94        54,093.50
Cumulative losses       24,950.56        89,927.44       114,878.00

Coverage Amounts                                            Total
----------------                                            -----
Bankruptcy                   0.00             0.00             0.00
Fraud                2,537,297.76     3,431,801.88     5,969,099.64
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%            260,127,231.12
   -----------------------------------------------------------------------------
   Junior            0.000000%             0.000000%                      0.00
   -----------------------------------------------------------------------------

--------------------------------------------------------------------------------
                          DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period                             Loan Count    Ending Stated Balance
------                             ----------    ---------------------
30 to 59 days                         254                21,952,126.12
60 to 89 days                          77                 5,937,310.63
90 or more                             52                 4,041,181.11
Foreclosure                           121                10,534,808.27

Totals:                               504                42,465,426.13
--------------------------------------------------------------------------------


<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
   Totals:                              0                            N/A

Current Total Outstanding Balance:                                692,796.65
Current Total Outstanding Number of Loans:                                10



<PAGE>
--------------------------------------------------------------------------------
                               OTHER INFORMATION
--------------------------------------------------------------------------------
                                  Amount/Withdrawal     Total/Ending Bal.
                                  -----------------     -----------------
Available remittance amount            6,964,778.04          6,964,778.04
Principal remittance amount            5,483,480.50          5,483,480.50
Interest remittance amount             1,481,297.54          1,481,297.54





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