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: November 27, 2000 (Date of earliest event reported) IMH ASSETS CORP. (Exact Name of Registrant as Specified in its Charter) California (State or other jurisdiction of organization) 333-60707 (Commission File No.) 33-0705301 (I.R.S. Employer Identification No.) 20371 Irvine Avenue, Santa Ana Heights, CA 92707 (Address of principal executive offices) (Zip Code) 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 monthly distribution reported to holders of Impac CMB Trust Series 1999-1 Collateralized Asset-Backed Bonds, Series 1999-1 which was made on February 26, 2001. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits Exhibit No. Description 99.1 Monthly distribution report pursuant to Section 7.05 of the Indenture for the distribution on February 26, 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 there unto duly authorized. LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS INDENTURE TRUSTEE UNDER THE INDENTURE ON BEHALF OF IMH ASSETS CORP., AS REGISTRANT By: /s/ Russell Goldenberg Russell Goldenberg, Group Senior Vice President February 26, 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_200102_3.EXE Statement Date 02/26/01 Payment Date: 02/26/01 Prior Payment: 01/25/01 Record Date: 01/31/01 WAC: 11.65% WAMM: 261 Original Opening Class Face Value (1) Balance CUSIP Per $1,000 Per $1,000 A-1 121,203,862.00 59,951,036.31 45254NAX5 1000.000000000 494.629752887 A-2 64,875,807.00 32,902,767.92 45254NAY3 1000.000000000 507.165451059 Trust Certific 0.00 0.00 9ABSC196 1000.000000000 0.000000000 186,079,669.00 92,853,804.23 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 9,385,370.67 0.00 0.00 45254NAX5 77.434584304 0.000000000 0.000000000 A-2 1,231,827.70 0.00 0.00 45254NAY3 18.987474021 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 10,617,198.37 0.00 0.00 Closing Interest Interest Class Balance Payment Adjustment CUSIP Per $1,000 Per $1,000 Per $1,000 A-1 50,565,665.64 325,800.58 0.00 45254NAX5 417.195168583 2.688037944 0.000000000 A-2 31,670,940.22 185,535.05 0.00 45254NAY3 488.177977038 2.859849589 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 82,236,605.86 511,335.63 0.00 Total P&I Payment 11,128,534.00 Pass-Through Class Rate (2) CUSIP Next Rate (3) A-1 6.11375000% 45254NAX5 5.93000000% A-2 6.34375000% 45254NAY3 6.16000000% Trust Certificate 9ABSC196 Asset Backed Facts - Pool Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 02/26/01 51 3,772,204 30 3.28% 3.524% 1.93% 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% Distribution Delinq 3+ Months Date Balance # Balance 02/26/01 1,303,357 47 1,918,223 1.218% 3.02% 1.792% 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% Distributi Foreclosure/Bankruptcy REO Date # Balance # 02/26/01 73 3,937,325 2 4.70% 3.678% 0.13% 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% Distribution Modifications Date Balance # Balance 02/26/01 308,764 0 0 0.288% 0.00% 0.000% 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% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 02/26/01 74 10,431,013 11.6482% 4.76% 9.745% 0.00% 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% Distribution Date Remit 02/26/01 10.8092% 0.000% 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% Asset Backed Facts - Group 1 Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 02/26/01 16 2,784,552 2 4.68% 4.438% 0.58% 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% Distribution Delinq 3+ Months Date Balance # Balance 02/26/01 376,273 3 447,043 0.600% 0.88% 0.713% 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% Distributi Foreclosure/Bankruptcy REO Date # Balance # 02/26/01 11 1,761,116 2 3.22% 2.807% 0.58% 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% Distribution Modifications Date Balance # Balance 02/26/01 308,764 0 0 0.492% 0.00% 0.000% 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% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 02/26/01 45 9,347,920 10.0533% 13.16% 14.899% 0.00% 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% Distribution Date Remit 02/26/01 9.1615% 0.000% 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% Asset Backed Facts - Group 2 Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 02/26/01 35 987,653 28 2.89% 2.230% 2.31% 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% Distribution Delinq 3+ Months Date Balance # Balance 02/26/01 927,084 44 1,471,181 2.093% 3.63% 3.321% 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% Distributi Foreclosure/Bankruptcy REO Date # Balance # 02/26/01 62 2,176,209 0 5.12% 4.913% 0.00% 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% Distribution Modifications Date Balance # Balance 02/26/01 0 0 0 0.000% 0.00% 0.000% 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% Distributi Prepayments Curr Weighted Avg. Date # Balance Coupon 02/26/01 29 1,083,093 13.9073% 2.39% 2.445% 0.00% 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% Distribution Date Remit 02/26/01 13.1431% 0.000% 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% 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 1,464.96 4.495% 09/27/99 49,777.41 44,393.52 89.184% 09/27/99 26,020.04 23,480.08 90.238% 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 21,611.23 64.297% 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 3,853.75 15.740% 02/25/00 56,866.06 0.00 0.000% 02/25/00 59,705.90 7,888.89 13.213% 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% 08/25/99 964.63 500.330 1.535% 09/27/99 1,344.37 43,049.150 86.483% 09/27/99 1,193.95 22,286.130 85.650% 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 20,362.730 60.582% 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 1,220.080 4.983% 02/25/00 9,258.64 -9,258.640 -16.281% 02/25/00 5,016.99 2,871.900 4.810% 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 32,093.75 09/27/99 6,728.26 09/27/99 3,733.91 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 13,249.09 02/25/00 31,127.52 02/25/00 52,020.28 02/25/00 23,263.31 02/25/00 66,124.70 02/25/00 56,834.00 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 9,855,871.60 HIGH LTV Loans Aggregate Amount of Collections 1,428,481.61 ARM Pool Available Funds 9,848,475.30 HIGH LTV Pool Available Funds 1,417,362.75 ARM Pool Net Monthly Excess Cashflows 142,261.91 HIGH LTV Pool Net Monthly Excess Cashflows 301,384.41 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 8,100,492.98 Aggregate Principal Prepayment Amount on the Class A-2 808,848.12 Ending Aggregate Principal Balance of Mortgage Loans 96,446,414.80 Ending Loan Count 1480 Principal Adjustable Loan Pool Scheduled Principal Balance 29,850.84 High LTV Loan Pool Scheduled Principal Balance 80,172.82 Adjustable Loan Pool Unscheduled Principal Balance 9,350,561.97 High LTV Loan Pool Unscheduled Principal Balance 850,270.47 Aggregate Pool Scheduled Principal Balance 110,023.66 Aggregate Pool Unscheduled Principal Balance 10,200,832.44 Other Principal Proceeds 6,555.91 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 11,419,950.22 ARM Pool Net Monthly Excess Cashflow 137,304.05 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 43,090,890.44 Arm Ending Balance 53,355,524.36 High LTV Ending Count 1183 Arm Ending Count 297 Reserve Fund ARM Pool Reserve Fund Addition 137,304.05 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 13,303.93 Interest Advances 256,610.36 Compensating Interest Payments 0.00 Realized Losses Current Period Total Realized Losses 266,777.18 Aggregate Total Realized Losses 6,230,365.53 Class A-1 Current Period Realized Losses 4,957.86 Class A-2 Current Period Realized Losses 261,819.32 Class A-1 Aggregate Realized Losses 44,522.96 Class A-2 Aggregate Realized Losses 6,185,842.57 Repurchases Current Repurchase Balance 1,065,565.17 Prior Aggregate Repurchase Balance 0.00 Aggregate Repurchase Balance 1,065,565.17 Number of Current Repurchased Loans 6.00 Prior Aggregate Number of Repurchased Loans 0.00 Aggregate Number of Repurchased Loans 6.00 Miscellaneous Book Value of any REO Property 0.00 Amount of Prepayment Interest Shortfall for Current Per 27,252.59 Relief Act Shortfalls for Current Period 0.00 Agg. Prin. Bal of Defaulted or Converted Mtg. Loans 0.00 _