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): 20-Nov-00
Credit Suisse First Boston Mortgage Securities Corp. Mortgage Backed
Pass-Through Certificates, Series 99-WM3
(Exact name of registrant as specified in its charter)
Delaware 333-53115 13-3320910
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
11 Madison Avenue, 5th Floor
New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 325-2000
Item 5. Other Events
On November 20, 2000 a 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 November 20, 2000.
The 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 and deficiencies occurred? NO.
Date:
Amount:
C. Item 1: Legal Proceedings: NONE
D. Item 2: Changes in Securities: NONE
E. Item 4: Submission of Matters to a Vote of
Certificateholders: NONE
F. Item 5: Other Information - Form 10-Q, PartII - Items 1,2,4,5
if applicable: NOT APPLICABLE
Item 7. Monthly Statements and Exhibits
Exhibit No.
1.) Monthly Distribution Report Dated: 20-Nov-00
Washington Mutual Bank, F.A.
Mortgage-Backed Pass-Through Certificates, Series 99-WM3
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 20-Nov-00
DISTRIBUTION SUMMARY
Original Current Princip Principal Pass-Through
Class Face Value Amount Distribution Rate
1-A-1 661924000.00 603220029.59 6733665.12 7.0000%
1-A-2 28400000.00 28400000.00 0.00 7.0000%
1-A-3 174506000.00 174506000.00 0.00 7.0000%
1-A-4 101785000.00 101785000.00 0.00 7.0000%
1-A-P 349878.20 327962.31 8373.82 NA
2-A-1 100000000.00 85871667.44 1169780.77 7.5000%
2-A-2 100400000.00 87571282.43 1062176.81 7.5000%
2-A-3 17580000.00 17580000.00 0.00 7.5000%
2-A-4 23592000.00 23592000.00 0.00 7.5000%
2-A-5 28497000.00 28497000.00 0.00 7.5000%
2-A-P 202701.41 178368.46 165.85 NA
1-M-1 34607000.00 34306373.74 31445.27 7.0000%
1-M-2 6107000.00 6053949.35 5549.06 7.0000%
1-M-3 3562000.00 3531057.39 3236.57 7.0000%
2-M-1 9673000.00 9594223.89 8275.17 7.5000%
2-M-2 1707000.00 1693098.34 1460.32 7.5000%
2-M-3 996000.00 987888.65 852.07 7.5000%
1-B-1 2036000.00 2018313.53 1849.99 7.0000%
1-B-2 2036000.00 2018313.53 1849.99 7.0000%
2-B-1 569000.00 564366.11 486.77 7.5000%
2-B-2 569000.00 564366.11 486.77 7.5000%
B-3 3256278.33 3228377.90 2920.97 7.1093%
R-1 100.00 0.00 0.00 7.0000%
R-2 100.00 0.00 0.00 7.0000%
TOTAL 1302355057.94 1216089638.77 9032575.32 0
Interest Realized Loss o Interest
Class Distributed (1) Principal Shortfall
1-A-1 3518108.13 0.00 0.00
1-A-2 165634.87 0.00 0.00
1-A-3 1017756.29 0.00 0.00
1-A-4 593631.87 0.00 0.00
1-A-P NA 0.00NA
2-A-1 536553.41 0.00 0.00
2-A-2 547173.15 0.00 0.00
2-A-3 109845.41 0.00 0.00
2-A-4 147410.30 0.00 0.00
2-A-5 178058.29 0.00 0.00
2-A-P NA 0.00NA
1-M-1 200082.10 0.00 0.00
1-M-2 35307.92 0.00 0.00
1-M-3 20593.88 0.00 0.00
2-M-1 59947.75 0.00 0.00
2-M-2 10579.01 0.00 0.00
2-M-3 6172.64 0.00 0.00
1-B-1 11771.24 0.00 0.00
1-B-2 11771.24 0.00 0.00
2-B-1 3526.34 0.00 0.00
2-B-2 3526.34 0.00 0.00
B-3 19122.24 0.00 0.00
R-1 0.00 0.00 0.00
R-2 0.00 0.00 0.00
TOTAL 7196572.42 0.00 0.00
Prepay InterestCurrent Principal
Class Shortfall Amount
1-A-1 675.38 596486364.47
1-A-2 31.80 28400000.00
1-A-3 195.38 174506000.00
1-A-4 113.96 101785000.00
1-A-P NA 319588.49
2-A-1 144.51 84701886.67
2-A-2 147.37 86509105.62
2-A-3 29.59 17580000.00
2-A-4 39.70 23592000.00
2-A-5 47.96 28497000.00
2-A-P NA 178202.61
1-M-1 38.41 34274928.47
1-M-2 6.78 6048400.29
1-M-3 3.95 3527820.82
2-M-1 16.15 9585948.72
2-M-2 2.85 1691638.02
2-M-3 1.66 987036.58
1-B-1 2.26 2016463.54
1-B-2 2.26 2016463.54
2-B-1 0.95 563879.34
2-B-2 0.95 563879.34
B-3 4.01 3225456.93
R-1 0.00 0.00
R-2 0.00 0.00
TOTAL 1505.88 1207057063.45
(1) Interest Distribution includes Reimbursement of Realized Losses,
and is net of allocated PPIS
AMOUNTS PER $1,000 UNIT
Beginning
Current Princip Principal
Class Cusip Amount Distribution
1-A-1 22540APZ5 911.31312596 10.17286746
1-A-2 22540AQA9 1000.00000000 0.00000000
1-A-3 22540AQB7 1000.00000000 0.00000000
1-A-4 22540AQC5 1000.00000000 0.00000000
1-A-P 22540AQD3 937.36137319 23.93352887
2-A-1 22540AQH4 858.71667440 11.69780770
2-A-2 22540AQJ0 872.22392859 10.57945030
2-A-3 22540AQK7 1000.00000000 0.00000000
2-A-4 22540AQL5 1000.00000000 0.00000000
2-A-5 22540AQM3 1000.00000000 0.00000000
2-A-P 22540AQN1 879.95668111 0.81819855
1-M-1 22540AQE1 991.31313723 0.90863900
1-M-2 22540AQF8 991.31314066 0.90863927
1-M-3 22540AQG6 991.31313588 0.90863841
2-M-1 22540AQR2 991.85608291 0.85549157
2-M-2 22540AQS0 991.85608670 0.85548916
2-M-3 22540AQT8 991.85607430 0.85549197
1-B-1 N/A 991.31312868 0.90863949
1-B-2 N/A 991.31312868 0.90863949
2-B-1 N/A 991.85608084 0.85548330
2-B-2 N/A 991.85608084 0.85548330
B-3 N/A 991.43180430 0.89702713
R-1 22540AQP6 0.00000000 0.00000000
R-2 22540AQQ4 0.00000000 0.00000000
Ending
Interest Current Principal
Class Distribution Amount
1-A-1 5.31497291 901.14025850
1-A-2 5.83221373 1000.00000000
1-A-3 5.83221373 1000.00000000
1-A-4 5.83221369 1000.00000000
1-A-P NA 913.42784432
2-A-1 5.36553410 847.01886670
2-A-2 5.44993177 861.64447829
2-A-3 6.24831684 1000.00000000
2-A-4 6.24831723 1000.00000000
2-A-5 6.24831702 1000.00000000
2-A-P NA 879.13848256
1-M-1 5.78154998 990.40449822
1-M-2 5.78154904 990.40450139
1-M-3 5.78154969 990.40449747
2-M-1 6.19743099 991.00059134
2-M-2 6.19742824 991.00059754
2-M-3 6.19742972 991.00058233
1-B-1 5.78155206 990.40448919
1-B-2 5.78155206 990.40448919
2-B-1 6.19743409 991.00059754
2-B-2 6.19743409 991.00059754
B-3 5.87242185 990.53477717
R-1 0.00000000 0.00000000
R-2 0.00000000 0.00000000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Credit Suisse First Boston
Mortgage Securities Corp.
By: /s/ Barbara Grosse
--------------------------
Name: Barbara Grosse
Title: Assistant Vice President
Dated: November 30, 2000
