-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MkRl/VGQMYlMsG1F24c4ysj8raGR6/D5opjY1C9ynp5gcCrXtQwu1ZxnX/9hNKpZ jykS/7jWEO6+tIxwpvBbmg== 0001013255-00-000034.txt : 20000203 0001013255-00-000034.hdr.sgml : 20000203 ACCESSION NUMBER: 0001013255-00-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000125 ITEM INFORMATION: FILED AS OF DATE: 20000128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMH ASSETS CORP IMPAC CMB TRUST SERIES 1999-1 CENTRAL INDEX KEY: 0001080699 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 330705301 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-60707-01 FILM NUMBER: 516015 BUSINESS ADDRESS: STREET 1: 20371 IRVINE AVE STREET 2: SUITE 200 CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 BUSINESS PHONE: 7145560122 MAIL ADDRESS: STREET 1: 20371 IRVINE AVENUE STREET 2: SUITE 200 CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 8-K 1 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: January 25, 2000 (Date of earliest event reported) IMH ASSETS CORP. (Company) (Issuer in Respect of Impac CMB Trust Series 1999-1 Collateralized Asset-Backed Bonds, Series 1999-1) (Exact name of registrant as specified in charter) California 333-60707 33-0705301 (State or other juris- (Commission (I.R.S. Employer diction of organization) File No.) Identification No.) 20371 Irvine Avenue Santa Ana Heights, CA 92707 Registrant's Telephone Number, including area code (714) 556-0122 (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS This Current Report on Form 8-K relates to the Trust Fund formed, and the Collateralized Asset Backed Bonds Series 1999-1 issued pursuant to an Indenture, dated as of February 26, 1999 , by and among Impac CMB Trust, as sponsor, Impac Funding Corporation, as master servicer, LaSalle Bank N.A., as indenture trustee and REMIC administrator, and ABN AMRO Bank, N.A., as fiscal agent. The Class A-1, Class A-2 have been registered pursuant to the Act under a Registration Statement on Form S-3 (File No.333-60701) (the "Registration Statement"). Capitalized terms used herein and not defined herein have the same meanings ascribed to such terms in the Pooling and Servicing Agreement. Pursuant to Section 8.14 of the Pooling and Servicing Agreement, the Trustee is filing this Current Report containing the January 25, 2000 monthly distribution prepared by the Trustee pursuant to Section 4.01 thereof. This Current Report is being filed by the Trustee, in its capacity as such under the Pooling and Servicing Agreement, on behalf of the Registrant. The information reported and contained herein has been supplied to the Trustee by one or more of the Master Servicer or other third parties without independent review or investigation by the Trustee. Pursuant to the Pooling and Servicing Agreement, the Trustee is not responsible for the accuracy or completeness of such information. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits Exhibit No. Description 99 Monthly distribution report pursuant to Section 7.05 of the Indenture for the distribution on January 25, 2000. Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF MORTGAGE CAPTIAL FUNDING, INC, REGISTRANT By: /s Russell Goldenberg Russell Goldenberg, Senior Vice President Date: January 25, 2000 ABN AMRO LaSalle National Bank Administrator: Ann Kelly (800) 246-5761 135 S. LaSalle Street Suite 1625 Chicago, IL 60603-4107 IMH Assets Corp. Impac Funding Corporation as Master Servicer Impac CMB Trust Series 1999-1 Collateralized Asset-Backed Bonds, Serices 1999-1 ABN AMRO Acct: 67-8103-90-4 Number Of Pages Table Of Contents 1 Certificate Report 1 Other Related Information 4 Asset Backed Facts Sheets 3 Total Pages Included In This Pa 9 Realized Loss Detail Appendix C Information is available for this issue from the following sources LaSalle Web Site www.lnbabs.com LaSalle Bulletin Board (714) 282-3990 LaSalle ASAP Fax System (714) 282-5518 ASAP #: 391 Monthly Data File Name: Not Applicable or Available Statement Date 01/25/00 Payment Date: 01/25/00 Prior Payment: 12/27/99 Record Date: 12/31/99 WAC: 10.02% WAMM: 286 Original Opening Class Face Value (1) Balance CUSIP Per $1,000 Per $1,000 A-1 121,203,862.00 103,615,645.14 45254NAX5 1000.000000000 854.887323145 A-2 64,875,807.00 51,365,004.50 45254NAY3 1000.000000000 791.743592492 Trust Certific 0.00 0.00 9ABSC196 1000.000000000 0.000000000 186,079,669.00 154,980,649.64 Notes: (1) N denotes notional balance not included in total (2) Interest Paid minus Interest Adjustment minus Deferred Interest equals Accrual (3) Estimated Principal Principal Negative Class Payment Adj. or Loss Amortization CUSIP Per $1,000 Per $1,000 Per $1,000 A-1 2,979,799.80 0.00 0.00 45254NAX5 24.585023537 0.000000000 0.000000000 A-2 2,384,038.41 0.00 0.00 45254NAY3 36.747726468 0.000000000 0.000000000 Trust Certific 0.00 0.00 0.00 9ABSC196 0.000000000 0.000000000 0.000000000 5,363,838.21 0.00 0.00 Closing Interest Interest Class Balance Payment Adjustment CUSIP Per $1,000 Per $1,000 Per $1,000 A-1 100,635,845.34 545,940.13 0.00 45254NAX5 830.302299608 4.504312990 0.000000000 A-2 48,980,966.09 294,244.78 0.00 45254NAY3 754.995866024 4.535508591 0.000000000 Trust Certific 0.00 143,337.51 0.00 9ABSC196 0.000000000 0.770301832 0.000000000 149,616,811.43 983,522.42 0.00 Total P&I Payment 6,347,360.63 Pass-Through Class Rate (2) CUSIP Next Rate (3) A-1 6.54069939% 45254NAX5 6.21375000% A-2 7.11125000% 45254NAY3 6.44375000% Trust Certificate 9ABSC196 Asset Backed Facts - Pool Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 01/25/00 130 6,930,652 40 5.75% 4.063% 1.77% 12/27/99 144 8,613,005 36 6.24% 4.949% 1.56% 11/26/99 370 15,267,310 34 15.70% 8.569% 1.44% 10/25/99 377 15,818,938 46 15.67% 8.686% 1.91% 09/27/99 38 1,964,200 17 1.55% 1.063% 0.69% 08/25/99 135 6,324,898 35 5.40% 3.350% 1.40% 07/26/99 139 8,560,782 32 5.46% 4.448% 1.26% 06/25/99 130 7,797,310 20 5.04% 3.993% 0.78% 05/25/99 18 739,599 15 0.69% 0.372% 0.57% 04/26/99 114 7,508,856 14 4.28% 3.737% 0.53% 03/25/99 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% Distribution Delinq 3+ Months Date Balance # Balance 01/25/00 2,572,741 87 4,278,262 1.508% 3.85% 2.508% 12/27/99 1,592,717 78 3,970,777 0.915% 3.38% 2.282% 11/26/99 1,573,913 78 4,030,605 0.883% 3.31% 2.262% 10/25/99 2,054,942 69 3,631,095 1.128% 2.87% 1.994% 09/27/99 937,300 43 2,187,016 0.507% 1.75% 1.183% 08/25/99 2,015,368 45 2,169,238 1.067% 1.80% 1.149% 07/26/99 1,629,814 31 1,314,865 0.847% 1.22% 0.683% 06/25/99 1,018,957 25 1,091,409 0.522% 0.97% 0.559% 05/25/99 1,045,130 5 186,931 0.526% 0.19% 0.094% 04/26/99 818,023 11 408,294 0.407% 0.41% 0.203% 03/25/99 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% Distributi Foreclosure/Bankruptcy REO Date # Balance # 01/25/00 0 0 0 0.00% 0.000% 0.00% 12/27/99 0 0 0 0.00% 0.000% 0.00% 11/26/99 0 0 0 0.00% 0.000% 0.00% 10/25/99 0 0 0 0.00% 0.000% 0.00% 09/27/99 0 0 0 0.00% 0.000% 0.00% 08/25/99 0 0 0 0.00% 0.000% 0.00% 07/26/99 0 0 0 0.00% 0.000% 0.00% 06/25/99 0 0 0 0.00% 0.000% 0.00% 05/25/99 0 0 0 0.00% 0.000% 0.00% 04/26/99 0 0 0 0.00% 0.000% 0.00% 03/25/99 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% Distribution Modifications Date Balance # Balance 01/25/00 0 0 0 0.000% 0.00% 0.000% 12/27/99 0 0 0 0.000% 0.00% 0.000% 11/26/99 0 0 0 0.000% 0.00% 0.000% 10/25/99 0 0 0 0.000% 0.00% 0.000% 09/27/99 0 0 0 0.000% 0.00% 0.000% 08/25/99 0 0 0 0.000% 0.00% 0.000% 07/26/99 0 0 0 0.000% 0.00% 0.000% 06/25/99 1,612,686 0 0 0.826% 0.00% 0.000% 05/25/99 0 0 0 0.000% 0.00% 0.000% 04/26/99 0 0 0 0.000% 0.00% 0.000% 03/25/99 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 01/25/00 69 5,100,084 10.0195% 3.05% 2.990% 0.00% 12/27/99 47 3,216,357 9.9926% 2.04% 1.848% 0.00% 11/26/99 49 3,864,173 9.9515% 2.08% 2.169% 0.00% 10/25/99 50 3,699,692 9.9333% 2.08% 2.032% 0.00% 09/27/99 46 2,433,116 9.9366% 1.88% 1.317% 0.00% 08/25/99 48 3,724,185 9.9405% 1.92% 1.972% 0.00% 07/26/99 47 3,336,009 9.9347% 1.85% 1.734% 0.00% 06/25/99 33 2,498,064 9.9105% 1.28% 1.279% 0.00% 05/25/99 44 3,244,331 9.8721% 1.68% 1.632% 0.00% 04/26/99 38 1,772,652 9.8472% 1.43% 0.882% 0.00% 03/25/99 13 351,115 9.8523% 0.49% 0.174% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% Distribution Date Remit 01/25/00 9.1931% 0.000% 12/27/99 9.1685% 0.000% 11/26/99 9.1286% 0.000% 10/25/99 9.1143% 0.000% 09/27/99 9.1177% 0.000% 08/25/99 9.1220% 0.000% 07/26/99 9.1189% 0.000% 06/25/99 9.0945% 0.000% 05/25/99 9.0589% 0.000% 04/26/99 9.0339% 0.000% 03/25/99 9.0395% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% Asset Backed Facts - Group 1 Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 01/25/00 18 3,100,316 8 3.20% 2.914% 1.42% 12/27/99 26 4,605,649 2 4.50% 4.251% 0.35% 11/26/99 18 2,669,151 3 3.04% 2.405% 0.51% 10/25/99 18 2,671,720 3 2.96% 2.356% 0.49% 09/27/99 4 622,623 2 0.64% 0.542% 0.32% 08/25/99 12 2,093,401 4 1.88% 1.781% 0.63% 07/26/99 25 4,530,391 4 3.83% 3.792% 0.61% 06/25/99 18 3,537,826 1 2.72% 2.925% 0.15% 05/25/99 0 0 2 0.00% 0.000% 0.30% 04/26/99 19 3,962,732 1 2.81% 3.204% 0.15% 03/25/99 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% Distribution Delinq 3+ Months Date Balance # Balance 01/25/00 1,370,052 4 644,644 1.288% 0.71% 0.606% 12/27/99 303,355 4 645,134 0.280% 0.69% 0.595% 11/26/99 467,962 4 645,621 0.422% 0.68% 0.582% 10/25/99 468,398 4 646,105 0.413% 0.66% 0.570% 09/27/99 239,062 2 323,181 0.208% 0.32% 0.281% 08/25/99 744,131 2 323,417 0.633% 0.31% 0.275% 07/26/99 535,075 0 0 0.448% 0.00% 0.000% 06/25/99 263,761 0 0 0.218% 0.00% 0.000% 05/25/99 442,929 0 0 0.361% 0.00% 0.000% 04/26/99 205,096 0 0 0.166% 0.00% 0.000% 03/25/99 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% Distributi Foreclosure/Bankruptcy REO Date # Balance # 01/25/00 0 0 0 0.00% 0.000% 0.00% 12/27/99 0 0 0 0.00% 0.000% 0.00% 11/26/99 0 0 0 0.00% 0.000% 0.00% 10/25/99 0 0 0 0.00% 0.000% 0.00% 09/27/99 0 0 0 0.00% 0.000% 0.00% 08/25/99 0 0 0 0.00% 0.000% 0.00% 07/26/99 0 0 0 0.00% 0.000% 0.00% 06/25/99 0 0 0 0.00% 0.000% 0.00% 05/25/99 0 0 0 0.00% 0.000% 0.00% 04/26/99 0 0 0 0.00% 0.000% 0.00% 03/25/99 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% Distribution Modifications Date Balance # Balance 01/25/00 0 0 0 0.000% 0.00% 0.000% 12/27/99 0 0 0 0.000% 0.00% 0.000% 11/26/99 0 0 0 0.000% 0.00% 0.000% 10/25/99 0 0 0 0.000% 0.00% 0.000% 09/27/99 0 0 0 0.000% 0.00% 0.000% 08/25/99 0 0 0 0.000% 0.00% 0.000% 07/26/99 0 0 0 0.000% 0.00% 0.000% 06/25/99 0 0 0 0.000% 0.00% 0.000% 05/25/99 0 0 0 0.000% 0.00% 0.000% 04/26/99 0 0 0 0.000% 0.00% 0.000% 03/25/99 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 01/25/00 16 2,875,073 7.6767% 2.84% 2.702% 0.00% 12/27/99 15 1,847,932 7.6255% 2.60% 1.706% 0.00% 11/26/99 14 2,505,685 7.5626% 2.36% 2.258% 0.00% 10/25/99 16 2,311,652 7.5346% 2.63% 2.039% 0.00% 09/27/99 16 1,422,548 7.5265% 2.56% 1.238% 0.00% 08/25/99 16 2,533,607 7.5399% 2.50% 2.156% 0.00% 07/26/99 12 1,840,597 7.5183% 1.84% 1.541% 0.00% 06/25/99 9 1,385,651 7.4627% 1.36% 1.146% 0.00% 05/25/99 11 1,771,378 7.3853% 1.64% 1.442% 0.00% 04/26/99 4 638,383 7.3197% 0.59% 0.516% 0.00% 03/25/99 2 227,422 7.3208% 0.29% 0.183% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% Distribution Date Remit 01/25/00 6.8127% 0.000% 12/27/99 6.7650% 0.000% 11/26/99 6.7042% 0.000% 10/25/99 6.6824% 0.000% 09/27/99 6.6743% 0.000% 08/25/99 6.6885% 0.000% 07/26/99 6.6710% 0.000% 06/25/99 6.6148% 0.000% 05/25/99 6.5418% 0.000% 04/26/99 6.4758% 0.000% 03/25/99 6.4776% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% Asset Backed Facts - Group 2 Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 01/25/00 112 3,830,336 32 6.60% 5.968% 1.89% 12/27/99 118 4,007,356 34 6.82% 6.101% 1.97% 11/26/99 352 12,598,159 31 19.95% 18.746% 1.76% 10/25/99 359 13,147,218 43 19.97% 19.128% 2.39% 09/27/99 34 1,341,576 15 1.86% 1.919% 0.82% 08/25/99 123 4,231,497 31 6.61% 5.936% 1.67% 07/26/99 114 4,030,391 28 6.02% 5.523% 1.48% 06/25/99 112 4,259,484 19 5.84% 5.732% 0.99% 05/25/99 18 739,599 13 0.92% 0.973% 0.67% 04/26/99 95 3,546,124 13 4.78% 4.590% 0.65% 03/25/99 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% Distribution Delinq 3+ Months Date Balance # Balance 01/25/00 1,202,689 83 3,633,618 1.874% 4.89% 5.661% 12/27/99 1,289,362 74 3,325,642 1.963% 4.28% 5.063% 11/26/99 1,105,951 74 3,384,984 1.646% 4.20% 5.037% 10/25/99 1,586,545 65 2,984,990 2.308% 3.62% 4.343% 09/27/99 698,239 41 1,863,835 0.999% 2.24% 2.666% 08/25/99 1,271,237 43 1,845,821 1.783% 2.31% 2.589% 07/26/99 1,094,739 31 1,314,865 1.500% 1.64% 1.802% 06/25/99 755,196 25 1,091,409 1.016% 1.30% 1.469% 05/25/99 602,201 5 186,931 0.793% 0.26% 0.246% 04/26/99 612,927 11 408,294 0.793% 0.55% 0.528% 03/25/99 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% Distributi Foreclosure/Bankruptcy REO Date # Balance # 01/25/00 0 0 0 0.00% 0.000% 0.00% 12/27/99 0 0 0 0.00% 0.000% 0.00% 11/26/99 0 0 0 0.00% 0.000% 0.00% 10/25/99 0 0 0 0.00% 0.000% 0.00% 09/27/99 0 0 0 0.00% 0.000% 0.00% 08/25/99 0 0 0 0.00% 0.000% 0.00% 07/26/99 0 0 0 0.00% 0.000% 0.00% 06/25/99 0 0 0 0.00% 0.000% 0.00% 05/25/99 0 0 0 0.00% 0.000% 0.00% 04/26/99 0 0 0 0.00% 0.000% 0.00% 03/25/99 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% 01/00/00 0 0 0 0.00% 0.000% 0.00% Distribution Modifications Date Balance # Balance 01/25/00 0 0 0 0.000% 0.00% 0.000% 12/27/99 0 0 0 0.000% 0.00% 0.000% 11/26/99 0 0 0 0.000% 0.00% 0.000% 10/25/99 0 0 0 0.000% 0.00% 0.000% 09/27/99 0 0 0 0.000% 0.00% 0.000% 08/25/99 0 0 0 0.000% 0.00% 0.000% 07/26/99 0 0 0 0.000% 0.00% 0.000% 06/25/99 0 0 0 0.000% 0.00% 0.000% 05/25/99 0 0 0 0.000% 0.00% 0.000% 04/26/99 0 0 0 0.000% 0.00% 0.000% 03/25/99 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% 01/00/00 0 0 0 0.000% 0.00% 0.000% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 01/25/00 53 2,225,011 13.9034% 3.12% 3.467% 0.00% 12/27/99 32 1,368,425 13.8971% 1.85% 2.083% 0.00% 11/26/99 35 1,358,488 13.8961% 1.98% 2.021% 0.00% 10/25/99 34 1,388,040 13.8902% 1.89% 2.020% 0.00% 09/27/99 30 1,010,568 13.8978% 1.64% 1.446% 0.00% 08/25/99 32 1,190,578 13.8982% 1.72% 1.670% 0.00% 07/26/99 35 1,495,412 13.8905% 1.85% 2.049% 0.00% 06/25/99 24 1,112,413 13.8947% 1.25% 1.497% 0.00% 05/25/99 33 1,472,953 13.8929% 1.69% 1.939% 0.00% 04/26/99 34 1,134,270 13.8925% 1.71% 1.468% 0.00% 03/25/99 11 123,692 13.8923% 0.55% 0.159% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% 01/00/00 0 0 0.0000% 0.00% 0.000% 0.00% Distribution Date Remit 01/25/00 13.1392% 0.000% 12/27/99 13.1329% 0.000% 11/26/99 13.1319% 0.000% 10/25/99 13.1260% 0.000% 09/27/99 13.1336% 0.000% 08/25/99 13.1340% 0.000% 07/26/99 13.1263% 0.000% 06/25/99 13.1305% 0.000% 05/25/99 13.1287% 0.000% 04/26/99 13.1283% 0.000% 03/25/99 13.1281% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 0.0000% 0.000% 01/00/00 Realized Loss Detail Dist. Disclosure Appraisal Appraisal Date Control # Date Value 06/25/99 1100183657NA NA 06/25/99 1800000233NA NA 05/25/99 1100160647NA NA 05/25/99 1800017515NA NA 07/26/99 1800017772NA NA 07/26/99 1800015953NA NA 08/25/99 1800015964NA NA 09/27/99 1100171074NA NA 09/27/99 1800000768NA NA 10/25/99 1800017859NA NA 10/25/99 1800015215NA NA 11/26/99 1800004813NA NA 01/25/00 1100195365NA NA 01/25/00 1900000475NA NA 01/25/00 1800003449NA NA 01/25/00 1800007381NA NA 01/25/00 1800015493NA NA 01/25/00 1800018674NA NA 01/25/00 1800008131NA NA 01/25/00 1800017480NA NA 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 01/00/00 0 0 0 Current Total Cumulative Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc.. Beginning Gross Proceeds Dist. Scheduled Gross as a % of Date Balance Proceeds Sched Principal 06/25/99 25,000.00 26,506.10 106.024% 06/25/99 30,426.55 0.00 0.000% 05/25/99 49,887.46 21,864.25 43.827% 05/25/99 43,851.26 0.00 0.000% 07/26/99 62,903.81 0.00 0.000% 07/26/99 47,261.60 0.00 0.000% 08/25/99 32,594.08 0.00 0.000% 09/27/99 49,777.41 33,484.21 67.268% 09/27/99 26,020.04 15,608.65 59.987% 10/25/99 43,453.52 0.00 0.000% 10/25/99 54,226.18 0.00 0.000% 11/26/99 26,695.74 4,668.00 17.486% 01/25/00 50,240.79 2,663.79 5.302% 01/25/00 52,935.26 0.00 0.000% 01/25/00 16,626.72 0.00 0.000% 01/25/00 51,445.17 0.00 0.000% 01/25/00 22,956.00 0.00 0.000% 01/25/00 49,394.62 0.00 0.000% 01/25/00 21,461.75 10,124.28 47.174% 01/25/00 33,611.82 18,751.32 55.788% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% 01/00/00 0.00 0.00 0.000% Current Total 31,539.39 Cumulative 133,670.60 Aggregate Net Net Proceeds Dist. Liquidation Liquidation as a % of Date Expenses * Proceeds Sched. Balance 06/25/99 1,506.10 25,000.000 100.000% 06/25/99 2,120.00 -2,120.000 -6.968% 05/25/99 2,962.36 18,901.890 37.889% 05/25/99 2,408.80 -2,408.800 -5.493% 07/26/99 3,069.00 -3,069.000 -4.879% 07/26/99 2,934.90 -2,934.900 -6.210% 08/25/99 964.63 -964.630 -2.960% 09/27/99 1,344.37 32,139.840 64.567% 09/27/99 1,193.95 14,414.700 55.398% 10/25/99 4,919.85 -4,919.850 -11.322% 10/25/99 5,091.19 -5,091.190 -9.389% 11/26/99 1,374.75 3,293.250 12.336% 01/25/00 5,055.67 -2,391.880 -4.761% 01/25/00 4,861.82 -4,861.820 -9.184% 01/25/00 1,539.36 -1,539.360 -9.258% 01/25/00 3,972.00 -3,972.000 -7.721% 01/25/00 1,951.72 -1,951.720 -8.502% 01/25/00 6,112.59 -6,112.590 -12.375% 01/25/00 1,096.13 9,028.150 42.066% 01/25/00 1,248.50 17,502.820 52.073% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% 01/00/00 0.00 0.000 0.000% Current To 25,837.79 5,701.600 Cumulative 55,727.69 77,942.910 Dist. Realized Date Loss 06/25/99 0.00 06/25/99 32,546.55 05/25/99 30,985.57 05/25/99 46,260.06 07/26/99 65,972.81 07/26/99 50,196.50 08/25/99 33,558.71 09/27/99 17,637.57 09/27/99 11,605.34 10/25/99 48,373.37 10/25/99 59,317.37 11/26/99 23,402.49 01/25/00 52,632.67 01/25/00 57,797.08 01/25/00 18,166.08 01/25/00 55,417.17 01/25/00 24,907.72 01/25/00 55,507.21 01/25/00 12,433.60 01/25/00 16,109.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 01/00/00 0.00 Current To 292,970.53 Cumulative 712,826.87 Other Related Information Pool Summary Information Component ARM Loans Aggregate Amount of Collections 3,585,150.11 HIGH LTV Loans Aggregate Amount of Collections 2,794,064.98 ARM Pool Available Funds 3,570,472.87 HIGH LTV Pool Available Funds 2,776,887.76 ARM Pool Net Monthly Excess Cashflows 44,732.94 HIGH LTV Pool Net Monthly Excess Cashflows 370,745.73 Arm Pool Basis Risk Shortfall Carry Forward Amt. On A-1 0.00 High LTV Pool Basis Risk Shortfall Carry Forward Amt. O 0.00 Agg. Unpaid Int. Shortfall on A-1 Bonds for prior payme 0.00 Agg. Unpaid Int. Shortfall on A-2 Bonds for prior payme 0.00 Aggregate Principal Prepayment Amount on the Class A-1 2,875,073.14 Aggregate Principal Prepayment Amount on the Class A-2 1,926,338.77 Ending Aggregate Principal Balance of Mortgage Loans 165,226,441.04 Ending Loan Count 2191 Principal Adjustable Loan Pool Scheduled Principal Balance 82,790.59 High LTV Loan Pool Scheduled Principal Balance 84,085.79 Adjustable Loan Pool Unscheduled Principal Balance 2,897,009.21 High LTV Loan Pool Unscheduled Principal Balance 2,027,811.46 Aggregate Pool Scheduled Principal Balance 166,876.38 Aggregate Pool Unscheduled Principal Balance 4,924,820.67 Other Principal Proceeds 17,810.14 Shortfalls Class A-1 Bond Shortfalls 0.00 Class A-2 Bond Shortfalls 0.00 Insured Amounts Current Insured amt Paid by Bond Insurer under Bond Ins 0.00 Agg. Insured amt Paid by Bond Insurer under Bond Ins. P 0.00 Over Collateralization and Net Monthly Excess Cashflows ARM Pool Required Overcollateralization Amount 2,789,858.72 HIGH LTV Pool Required Overcollateralization Amount 12,819,770.56 ARM Pool Overcollateralization Amount 2,789,859.05 HIGH LTV Pool Overcollateralization Amount 12,819,770.56 ARM Pool Net Monthly Excess Cashflow 44,732.94 HIGH LTV Pool Net Monthly Excess Cashflow 98,604.57 ARM Pool Excess Overcollateralization Amount 0.33 HIGH LTV Pool Excess Overcollateralization Amount 0.00 High LTV and ARM Ending Balance and Count High LTV Ending Balance 61,800,736.65 Arm Ending Balance 103,425,704.39 High LTV Ending Count 1644 Arm Ending Count 547 Reserve Fund ARM Pool Reserve Fund Addition 0.00 HIGH LTV Pool Reserve Fund Addition 0.00 Reserve Fund Release Amount 0.00 Reserve Fund Certificate Payment Amount 0.00 Advances and Compensating Interest Principal Advances 68,079.44 Interest Advances 678,119.28 Compensating Interest Payments 0.00 Realized Losses Current Period Total Realized Losses 293,514.81 Aggregate Total Realized Losses 719,113.53 Class A-1 Current Period Realized Losses 0.00 Class A-2 Current Period Realized Losses 293,514.81 Class A-1 Aggregate Realized Losses 0.00 Class A-2 Aggregate Realized Losses 719,113.53 Repurchases Current Repurchase Balance 0.00 Prior Aggregate Repurchase Balance 0.00 Aggregate Repurchase Balance 0.00 Number of Current Repurchased Loans 0.00 Prior Aggregate Number of Repurchased Loans 0.00 Aggregate Number of Repurchased Loans 0.00 Miscellaneous Book Value of any REO Property 0.00 Amount of Prepayment Interest Shortfall for Current Per 14,203.88 Relief Act Shortfalls for Current Period 0.00 Agg. Prin. Bal of Defaulted or Converted Mtg. Loans 0.00 _ -----END PRIVACY-ENHANCED MESSAGE-----