8-K 1 0001.txt 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, 2001 (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 21, 2001 monthly distribution report 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 21, 2001. 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 21, 2001 ABN AMRO LaSalle National Bank Administrator: Ann Kelly (800) 246-5761 135 S. LaSalle Street Suite 1625 Chicago, IL 60603-4159 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 5 Asset Backed Facts Sheets 3 Total Pages Included In This Pa 10 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: IMH99001_200101_3.EXE Statement Date 01/25/01 Payment Date: 01/25/01 Prior Payment: 12/26/00 Record Date: 12/29/00 WAC: 11.18% WAMM: 268 Original Opening Class Face Value (1) Balance CUSIP Per $1,000 Per $1,000 A-1 121,203,862.00 67,912,868.26 45254NAX5 1000.000000000 560.319342465 A-2 64,875,807.00 34,169,316.81 45254NAY3 1000.000000000 526.688119810 Trust Certific 0.00 0.00 9ABSC196 1000.000000000 0.000000000 186,079,669.00 102,082,185.07 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 7,961,831.95 0.00 0.00 45254NAX5 65.689589578 0.000000000 0.000000000 A-2 1,266,548.89 0.00 0.00 45254NAY3 19.522668751 0.000000000 0.000000000 Trust Certific 0.00 0.00 0.00 9ABSC196 0.000000000 0.000000000 0.000000000 0.00 0.000000000 0.00 0.000000000 9,228,380.84 0.00 0.00 Closing Interest Interest Class Balance Payment Adjustment CUSIP Per $1,000 Per $1,000 Per $1,000 A-1 59,951,036.31 398,846.62 0.00 45254NAX5 494.629752887 3.290708839 0.000000000 A-2 32,902,767.92 207,222.67 0.00 45254NAY3 507.165451059 3.194144005 0.000000000 Trust Certific 0.00 0.00 0.00 9ABSC196 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 0.00 0.00 0.000000000 0.00 92,853,804.23 606,069.29 0.00 Total P&I Payment 9,834,450.13 Pass-Through Class Rate (2) CUSIP Next Rate (3) A-1 7.04750000% 45254NAX5 6.11375000% A-2 7.27750000% 45254NAY3 6.34375000% Trust Certificate 9ABSC196 Asset Backed Facts - Pool Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 01/25/01 97 6,091,424 29 5.99% 5.242% 1.79% 12/26/00 53 4,171,050 23 3.15% 3.408% 1.37% 11/27/00 60 3,739,364 22 3.45% 2.913% 1.27% 10/25/00 123 7,076,693 33 6.95% 5.411% 1.86% 09/25/00 130 6,974,816 25 7.16% 5.194% 1.38% 08/25/00 119 6,320,983 29 6.41% 4.613% 1.56% 07/25/00 129 6,869,367 24 6.79% 4.890% 1.26% 06/26/00 111 6,747,442 28 5.69% 4.637% 1.44% 05/25/00 743 29,379,372 86 37.04% 19.510% 4.29% 04/25/00 110 5,653,510 26 5.35% 3.671% 1.27% 03/27/00 118 7,831,352 25 5.61% 4.932% 1.19% 02/25/00 94 3,774,208 39 4.29% 2.284% 1.78% 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% Distribution Delinq 3+ Months Date Balance # Balance 01/25/01 2,508,637 44 2,241,766 2.159% 2.72% 1.929% 12/26/00 1,459,127 59 3,536,689 1.192% 3.51% 2.889% 11/27/00 880,209 39 1,751,753 0.686% 2.25% 1.365% 10/25/00 2,015,609 45 3,262,392 1.541% 2.54% 2.495% 09/25/00 1,184,018 41 3,138,293 0.882% 2.26% 2.337% 08/25/00 2,325,380 37 2,857,620 1.697% 1.99% 2.085% 07/25/00 1,530,005 41 2,881,957 1.089% 2.16% 2.052% 06/26/00 2,215,457 41 2,617,355 1.523% 2.10% 1.799% 05/25/00 3,773,643 55 2,948,815 2.506% 2.74% 1.958% 04/25/00 2,794,406 53 2,367,363 1.814% 2.58% 1.537% 03/27/00 1,412,416 52 2,289,112 0.889% 2.47% 1.442% 02/25/00 1,711,209 52 2,465,001 1.036% 2.37% 1.492% 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% Distributi Foreclosure/Bankruptcy REO Date # Balance # 01/25/01 76 3,996,388 2 4.69% 3.439% 0.12% 12/26/00 76 3,890,755 2 4.52% 3.179% 0.12% 11/27/00 87 4,940,837 1 5.01% 3.849% 0.06% 10/25/00 11 625,521 0 0.62% 0.478% 0.00% 09/25/00 12 653,335 0 0.66% 0.486% 0.00% 08/25/00 13 688,075 1 0.70% 0.502% 0.05% 07/25/00 15 768,907 1 0.79% 0.547% 0.05% 06/26/00 18 936,367 1 0.92% 0.644% 0.05% 05/25/00 21 1,181,698 1 1.05% 0.785% 0.05% 04/25/00 27 1,366,529 1 1.31% 0.887% 0.05% 03/27/00 29 1,518,276 1 1.38% 0.956% 0.05% 02/25/00 0 0 0 0.00% 0.000% 0.00% 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% Distribution Modifications Date Balance # Balance 01/25/01 308,920 0 0 0.266% 0.00% 0.000% 12/26/00 332,029 0 0 0.271% 0.00% 0.000% 11/27/00 182,096 0 0 0.142% 0.00% 0.000% 10/25/00 0 0 0 0.000% 0.00% 0.000% 09/25/00 0 0 0 0.000% 0.00% 0.000% 08/25/00 148,351 0 0 0.108% 0.00% 0.000% 07/25/00 148,455 0 0 0.106% 0.00% 0.000% 06/26/00 148,559 0 0 0.102% 0.00% 0.000% 05/25/00 148,661 0 0 0.099% 0.00% 0.000% 04/25/00 148,763 0 0 0.097% 0.00% 0.000% 03/27/00 148,864 0 0 0.094% 0.00% 0.000% 02/25/00 0 0 0 0.000% 0.00% 0.000% 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% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 01/25/01 65 9,004,607 11.1764% 4.01% 7.750% 0.00% 12/26/00 63 6,007,046 10.5481% 3.75% 4.908% 0.00% 11/27/00 55 5,761,335 10.1336% 3.17% 4.488% 0.00% 10/25/00 33 2,217,733 10.0607% 1.86% 1.696% 0.00% 09/25/00 45 3,325,227 10.0734% 2.48% 2.476% 0.00% 08/25/00 42 2,526,642 10.0879% 2.26% 1.844% 0.00% 07/25/00 42 3,220,775 10.0714% 2.21% 2.293% 0.00% 06/26/00 51 4,807,917 10.0142% 2.62% 3.304% 0.00% 05/25/00 56 4,855,808 9.9805% 2.79% 3.225% 0.00% 04/25/00 49 3,191,649 9.9827% 2.38% 2.072% 0.00% 03/27/00 48 4,574,514 9.9686% 2.28% 2.881% 0.00% 02/25/00 88 6,180,717 10.0128% 4.02% 3.741% 0.00% 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% Distribution Date Remit 01/25/01 10.3354% 0.000% 12/26/00 9.7103% 0.000% 11/27/00 9.2977% 0.000% 10/25/00 9.2259% 0.000% 09/25/00 9.2387% 0.000% 08/25/00 9.2536% 0.000% 07/25/00 9.2390% 0.000% 06/26/00 9.1833% 0.000% 05/25/00 9.1528% 0.000% 04/25/00 9.1562% 0.000% 03/27/00 9.1405% 0.000% 02/25/00 9.1854% 0.000% 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% Asset Backed Facts - Group 1 Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 01/25/01 19 3,407,420 9 5.03% 4.819% 2.38% 12/26/00 15 2,969,960 4 3.68% 3.921% 0.98% 11/27/00 11 2,085,740 1 2.54% 2.590% 0.23% 10/25/00 20 3,656,641 7 4.52% 4.458% 1.58% 09/25/00 20 3,394,243 2 4.42% 4.033% 0.44% 08/25/00 18 3,014,391 8 3.90% 3.519% 1.74% 07/25/00 19 3,113,343 5 4.02% 3.541% 1.06% 06/26/00 19 3,400,083 8 3.88% 3.708% 1.63% 05/25/00 22 3,549,629 4 4.37% 3.731% 0.79% 04/25/00 13 2,101,087 10 2.53% 2.171% 1.95% 03/27/00 27 4,584,887 3 5.09% 4.570% 0.57% 02/25/00 3 650,633 3 0.55% 0.629% 0.55% 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% Distribution Delinq 3+ Months Date Balance # Balance 01/25/01 1,702,828 6 991,682 2.408% 1.59% 1.403% 12/26/00 786,046 12 1,953,247 1.038% 2.94% 2.579% 11/27/00 192,973 3 474,188 0.240% 0.69% 0.589% 10/25/00 1,173,681 11 1,908,681 1.431% 2.49% 2.327% 09/25/00 368,866 11 1,960,467 0.438% 2.43% 2.329% 08/25/00 1,461,617 11 1,908,219 1.706% 2.39% 2.227% 07/25/00 862,574 9 1,628,212 0.981% 1.90% 1.852% 06/26/00 1,424,686 8 1,455,476 1.554% 1.63% 1.587% 05/25/00 675,561 7 1,355,685 0.710% 1.39% 1.425% 04/25/00 2,299,729 5 729,003 2.377% 0.97% 0.753% 03/27/00 650,151 3 467,073 0.648% 0.57% 0.466% 02/25/00 389,105 4 644,151 0.376% 0.73% 0.623% 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% Distributi Foreclosure/Bankruptcy REO Date # Balance # 01/25/01 10 1,664,011 2 2.65% 2.354% 0.53% 12/26/00 5 818,640 0 1.23% 1.081% 0.00% 11/27/00 14 2,382,513 1 3.23% 2.959% 0.23% 10/25/00 3 308,146 0 0.68% 0.376% 0.00% 09/25/00 3 308,323 0 0.66% 0.366% 0.00% 08/25/00 3 308,498 1 0.65% 0.360% 0.22% 07/25/00 3 308,673 1 0.63% 0.351% 0.21% 06/26/00 4 421,252 1 0.82% 0.459% 0.20% 05/25/00 5 594,264 1 0.99% 0.625% 0.20% 04/25/00 5 594,676 1 0.97% 0.615% 0.19% 03/27/00 5 595,086 1 0.94% 0.593% 0.19% 02/25/00 0 0 0 0.00% 0.000% 0.00% 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% Distribution Modifications Date Balance # Balance 01/25/01 308,920 0 0 0.437% 0.00% 0.000% 12/26/00 0 0 0 0.000% 0.00% 0.000% 11/27/00 182,096 0 0 0.226% 0.00% 0.000% 10/25/00 0 0 0 0.000% 0.00% 0.000% 09/25/00 0 0 0 0.000% 0.00% 0.000% 08/25/00 148,351 0 0 0.173% 0.00% 0.000% 07/25/00 148,455 0 0 0.169% 0.00% 0.000% 06/26/00 148,559 0 0 0.162% 0.00% 0.000% 05/25/00 148,661 0 0 0.156% 0.00% 0.000% 04/25/00 148,763 0 0 0.154% 0.00% 0.000% 03/27/00 148,864 0 0 0.148% 0.00% 0.000% 02/25/00 0 0 0 0.000% 0.00% 0.000% 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% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 01/25/01 36 7,914,822 9.4200% 9.52% 11.195% 0.00% 12/26/00 30 4,979,238 8.4800% 7.35% 6.574% 0.00% 11/27/00 25 4,713,936 7.8898% 5.77% 5.854% 0.00% 10/25/00 9 1,411,942 7.7725% 2.04% 1.722% 0.00% 09/25/00 10 2,063,990 7.7876% 2.21% 2.453% 0.00% 08/25/00 9 1,435,243 7.7927% 1.95% 1.675% 0.00% 07/25/00 12 2,178,352 7.7736% 2.54% 2.477% 0.00% 06/26/00 17 3,690,436 7.7271% 3.47% 4.024% 0.00% 05/25/00 14 3,337,556 7.6876% 2.78% 3.509% 0.00% 04/25/00 9 1,546,213 7.6601% 1.75% 1.598% 0.00% 03/27/00 17 3,466,029 7.6720% 3.21% 3.455% 0.00% 02/25/00 17 3,021,875 7.6870% 3.11% 2.922% 0.00% 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% Distribution Date Remit 01/25/01 8.5297% 0.000% 12/26/00 7.5968% 0.000% 11/27/00 7.0113% 0.000% 10/25/00 6.8957% 0.000% 09/25/00 6.9108% 0.000% 08/25/00 6.9165% 0.000% 07/25/00 6.9004% 0.000% 06/26/00 6.8571% 0.000% 05/25/00 6.8229% 0.000% 04/25/00 6.7967% 0.000% 03/27/00 6.8068% 0.000% 02/25/00 6.8217% 0.000% 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% Asset Backed Facts - Group 2 Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 01/25/01 78 2,684,004 20 6.29% 5.900% 1.61% 12/26/00 38 1,201,090 19 2.98% 2.574% 1.49% 11/27/00 49 1,653,624 21 3.76% 3.457% 1.61% 10/25/00 103 3,420,053 26 7.76% 7.015% 1.96% 09/25/00 110 3,580,573 23 8.07% 7.142% 1.69% 08/25/00 101 3,306,592 21 7.23% 6.438% 1.50% 07/25/00 110 3,756,023 19 7.71% 7.150% 1.33% 06/26/00 92 3,347,359 20 6.30% 6.222% 1.37% 05/25/00 721 25,829,743 82 48.00% 46.577% 5.46% 04/25/00 97 3,552,423 16 6.29% 6.205% 1.04% 03/27/00 91 3,246,465 22 5.79% 5.551% 1.40% 02/25/00 91 3,123,575 36 5.54% 5.054% 2.19% 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% Distribution Delinq 3+ Months Date Balance # Balance 01/25/01 805,808 38 1,250,084 1.771% 3.06% 2.748% 12/26/00 673,081 47 1,583,442 1.443% 3.69% 3.394% 11/27/00 687,237 36 1,277,565 1.437% 2.76% 2.671% 10/25/00 841,929 34 1,353,711 1.727% 2.56% 2.777% 09/25/00 815,152 30 1,177,826 1.626% 2.20% 2.349% 08/25/00 863,764 26 949,401 1.682% 1.86% 1.848% 07/25/00 667,431 32 1,253,745 1.270% 2.24% 2.387% 06/26/00 790,771 33 1,161,879 1.470% 2.26% 2.160% 05/25/00 3,098,082 48 1,593,130 5.587% 3.20% 2.873% 04/25/00 494,677 48 1,638,361 0.864% 3.11% 2.862% 03/27/00 762,265 49 1,822,039 1.303% 3.12% 3.116% 02/25/00 1,322,104 48 1,820,850 2.139% 2.92% 2.946% 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% Distributi Foreclosure/Bankruptcy REO Date # Balance # 01/25/01 66 2,332,378 0 5.32% 5.127% 0.00% 12/26/00 72 2,517,516 0 5.65% 5.396% 0.00% 11/27/00 73 2,558,324 0 5.60% 5.349% 0.00% 10/25/00 8 317,374 0 0.60% 0.651% 0.00% 09/25/00 9 345,012 0 0.66% 0.688% 0.00% 08/25/00 10 379,577 0 0.72% 0.739% 0.00% 07/25/00 12 460,235 0 0.84% 0.876% 0.00% 06/26/00 14 515,115 0 0.96% 0.957% 0.00% 05/25/00 16 587,434 0 1.07% 1.059% 0.00% 04/25/00 22 771,852 0 1.43% 1.348% 0.00% 03/27/00 24 923,190 0 1.53% 1.579% 0.00% 02/25/00 0 0 0 0.00% 0.000% 0.00% 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% Distribution Modifications Date Balance # Balance 01/25/01 0 0 0 0.000% 0.00% 0.000% 12/26/00 0 0 0 0.000% 0.00% 0.000% 11/27/00 0 0 0 0.000% 0.00% 0.000% 10/25/00 0 0 0 0.000% 0.00% 0.000% 09/25/00 0 0 0 0.000% 0.00% 0.000% 08/25/00 0 0 0 0.000% 0.00% 0.000% 07/25/00 0 0 0 0.000% 0.00% 0.000% 06/26/00 0 0 0 0.000% 0.00% 0.000% 05/25/00 0 0 0 0.000% 0.00% 0.000% 04/25/00 0 0 0 0.000% 0.00% 0.000% 03/27/00 0 0 0 0.000% 0.00% 0.000% 02/25/00 0 0 0 0.000% 0.00% 0.000% 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% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 01/25/01 29 1,089,785 13.9061% 2.34% 2.396% 0.00% 12/26/00 33 1,027,808 13.9053% 2.59% 2.203% 0.00% 11/27/00 30 1,047,399 13.9112% 2.30% 2.190% 0.00% 10/25/00 24 805,791 13.9100% 1.81% 1.653% 0.00% 09/25/00 35 1,261,236 13.9105% 2.57% 2.516% 0.00% 08/25/00 33 1,091,399 13.9161% 2.36% 2.125% 0.00% 07/25/00 30 1,042,423 13.9176% 2.10% 1.984% 0.00% 06/26/00 34 1,117,481 13.9125% 2.33% 2.077% 0.00% 05/25/00 42 1,518,252 13.9137% 2.80% 2.738% 0.00% 04/25/00 40 1,645,435 13.9082% 2.59% 2.874% 0.00% 03/27/00 31 1,108,485 13.9079% 1.97% 1.895% 0.00% 02/25/00 71 3,158,842 13.9052% 4.32% 5.111% 0.00% 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% Distribution Date Remit 01/25/01 13.1419% 0.000% 12/26/00 13.1411% 0.000% 11/27/00 13.1470% 0.000% 10/25/00 13.1458% 0.000% 09/25/00 13.1463% 0.000% 08/25/00 13.1519% 0.000% 07/25/00 13.1534% 0.000% 06/26/00 13.1483% 0.000% 05/25/00 13.1495% 0.000% 04/25/00 13.1440% 0.000% 03/27/00 13.1437% 0.000% 02/25/00 13.1410% 0.000% 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% 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 02/25/00 1100160302NA NA 02/25/00 1100161274NA NA 02/25/00 1100164553NA NA 02/25/00 1100164558NA NA 02/25/00 1100164610NA NA 02/25/00 1100169869NA NA 02/25/00 1100170356NA NA 02/25/00 1100170566NA NA 02/25/00 1100170825NA NA 02/25/00 1100181479NA NA 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 1,281.84 3.933% 09/27/99 49,777.41 36,443.41 73.213% 09/27/99 26,020.04 22,149.75 85.126% 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 20,537.68 61.103% 02/25/00 28,647.63 0.00 0.000% 02/25/00 47,739.70 0.00 0.000% 02/25/00 24,483.39 2,568.58 10.491% 02/25/00 56,866.06 0.00 0.000% 02/25/00 59,705.90 5,737.17 9.609% 02/25/00 39,823.26 0.00 0.000% 02/25/00 65,565.22 0.00 0.000% 02/25/00 16,508.94 0.00 0.000% 02/25/00 29,613.71 0.00 0.000% 02/25/00 99,311.65 0.00 0.000% Current Total 0.00 Cumulative 0.00 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% 08/25/99 964.63 317.210 0.973% 09/27/99 1,344.37 35,099.040 70.512% 09/27/99 1,193.95 20,955.800 80.537% 10/25/99 4,919.85 -4,919.850 -11.322% 10/25/99 5,490.92 -5,490.920 -10.126% 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 1,691.36 -1,691.360 -10.173% 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 19,289.180 57.388% 02/25/00 2,479.89 -2,479.890 -8.657% 02/25/00 4,280.58 -4,280.580 -8.966% 02/25/00 2,633.67 -65.090 -0.266% 02/25/00 9,258.64 -9,258.640 -16.281% 02/25/00 5,016.99 720.180 1.206% 02/25/00 4,970.26 -4,970.260 -12.481% 02/25/00 6,702.30 -6,702.300 -10.222% 02/25/00 1,887.37 -1,887.370 -11.432% 02/25/00 3,374.66 -3,374.660 -11.396% 02/25/00 11,007.50 -11,007.500 -11.084% Current To 0.00 0.000 Cumulative 0.00 0.000 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 32,276.87 09/27/99 14,678.37 09/27/99 5,064.24 10/25/99 48,373.37 10/25/99 59,717.10 11/26/99 23,402.49 01/25/00 52,632.67 01/25/00 57,797.08 01/25/00 18,318.08 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 14,322.64 02/25/00 31,127.52 02/25/00 52,020.28 02/25/00 24,548.48 02/25/00 66,124.70 02/25/00 58,985.72 02/25/00 44,793.52 02/25/00 72,267.52 02/25/00 18,396.31 02/25/00 32,988.37 02/25/00 110,319.15 Current To 0.00 Cumulative 0.00 Other Related Information Pool Summary Information Component ARM Loans Aggregate Amount of Collections 8,478,346.04 HIGH LTV Loans Aggregate Amount of Collections 1,485,300.77 ARM Pool Available Funds 8,469,616.08 HIGH LTV Pool Available Funds 1,473,771.56 ARM Pool Net Monthly Excess Cashflows 108,937.51 HIGH LTV Pool Net Monthly Excess Cashflows 263,244.21 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 7,914,821.68 Aggregate Principal Prepayment Amount on the Class A-2 897,235.26 Ending Aggregate Principal Balance of Mortgage Loans 107,036,473.14 Ending Loan Count 1554 Principal Adjustable Loan Pool Scheduled Principal Balance 40,305.09 High LTV Loan Pool Scheduled Principal Balance 70,908.63 Adjustable Loan Pool Unscheduled Principal Balance 7,921,526.86 High LTV Loan Pool Unscheduled Principal Balance 932,396.05 Aggregate Pool Scheduled Principal Balance 111,213.72 Aggregate Pool Unscheduled Principal Balance 8,853,922.91 Other Principal Proceeds 15,337.92 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 2,789,858.72 HIGH LTV Pool Overcollateralization Amount 11,392,810.19 ARM Pool Net Monthly Excess Cashflow 108,937.51 HIGH LTV Pool Net Monthly Excess Cashflow 0.00 ARM Pool Excess Overcollateralization Amount 0.00 HIGH LTV Pool Excess Overcollateralization Amount 0.00 High LTV and ARM Ending Balance and Count High LTV Ending Balance 44,295,578.11 Arm Ending Balance 62,740,895.03 High LTV Ending Count 1212 Arm Ending Count 342 Reserve Fund ARM Pool Reserve Fund Addition 108,937.51 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 36,147.16 Interest Advances 510,732.37 Compensating Interest Payments 0.00 Realized Losses Current Period Total Realized Losses 209,230.47 Aggregate Total Realized Losses 5,963,588.35 Class A-1 Current Period Realized Losses 0.00 Class A-2 Current Period Realized Losses 209,230.47 Class A-1 Aggregate Realized Losses 39,565.10 Class A-2 Aggregate Realized Losses 5,924,023.25 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 35,848.33 Relief Act Shortfalls for Current Period 0.00 Agg. Prin. Bal of Defaulted or Converted Mtg. Loans 0.00 _