-----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, AJmlB4k2blJvoYP/TvSEE+dorOwFvenl453SuQAbp1dgpdhqblUrgUYaMmI4RnBS 1y+YJpo9Fxm9VxsmC+zCZg== 0001013255-99-000350.txt : 19991227 0001013255-99-000350.hdr.sgml : 19991227 ACCESSION NUMBER: 0001013255-99-000350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990927 ITEM INFORMATION: FILED AS OF DATE: 19990928 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: 99718882 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: September 27, 1999 (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 ursuant 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 September 27, 1999 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 September 27, 1999. 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 Presiden Date: September 27, 1999 ABN AMRO LaSalle National Bank Administrator: Ann Kelly (800) 246-5761 135 S. LaSalle Street Suite 1625 Chicago, IL 60674-4107 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 09/27/99 Payment Date: 09/27/99 Prior Payment: 08/25/99 Record Date: 08/31/99 WAC: 9.94% WAMM: 290 Original Opening Class Face Value (1) Balance CUSIP Per $1,000 Per $1,000 A-1 121,203,862.00 112,112,277.20 45254NAX5 1000.000000000 924.989314284 A-2 64,875,807.00 57,090,289.63 45254NAY3 1000.000000000 879.993517923 Trust Certific 0.00 0.00 9ABSC196 1000.000000000 0.000000000 186,079,669.00 169,202,566.83 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 1,520,808.93 0.00 0.00 45254NAX5 12.547528642 0.000000000 0.000000000 A-2 1,178,456.34 0.00 0.00 45254NAY3 18.164804331 0.000000000 0.000000000 Trust Certific 0.00 0.00 0.00 9ABSC196 0.000000000 0.000000000 0.000000000 2,699,265.27 0.00 0.00 Closing Interest Interest Class Balance Payment Adjustment CUSIP Per $1,000 Per $1,000 Per $1,000 A-1 110,591,468.27 576,250.47 0.00 45254NAX5 912.441785642 4.754390335 0.000000000 A-2 55,911,833.29 312,361.19 0.00 45254NAY3 861.828713591 4.814756139 0.000000000 Trust Certific 0.00 452,907.47 0.00 9ABSC196 0.000000000 2.433943872 0.000000000 166,503,301.56 1,341,519.13 0.00 Total P&I Payment 4,040,784.40 Pass-Through Class Rate (2) CUSIP Next Rate (3) A-1 5.60720818% 45254NAX5 5.60720818% A-2 5.96875000% 45254NAY3 6.01250000% Trust Certificate 9ABSC196 Asset Backed Facts - Pool Total Distributi Delinq 1 Month Delinq 2 Months Date # Balance # 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% 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 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% 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 # 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% 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 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% 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 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% 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 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% 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 # 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% 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 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% 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 # 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% 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 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% 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 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% 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 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% 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 # 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% 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 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% 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 # 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% 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 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% 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 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% 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 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 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 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 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 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 0.00 0.000% 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 33,422.00 67.143% 09/27/99 26,020.04 15,608.65 59.987% 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% 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% 01/00/00 0.00 0.00 0.000% Current Total 49,030.65 Cumulative 70,894.90 Aggregate Net Net Proceeds Dist. Liquidation Liquidation as a % of Date Expenses * Proceeds Sched. Balance 06/25/99 1,506.10 -1,506.100 -6.024% 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 32,077.630 64.442% 09/27/99 1,193.95 14,414.700 55.398% 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% 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% 01/00/00 0.00 0.000 0.000% Current To 2,538.32 46,492.330 Cumulative 18,504.11 52,390.790 Dist. Realized Date Loss 06/25/99 26,506.10 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 17,699.78 09/27/99 11,605.34 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 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 01/00/00 0.00 Current To 29,305.12 Cumulative 315,331.42 Other Related Information Pool Summary Information Component ARM Loans Aggregate Amount of Collections 2,161,243.26 HIGH LTV Loans Aggregate Amount of Collections 1,915,120.65 ARM Pool Available Funds 2,145,138.06 HIGH LTV Pool Available Funds ARM Pool Net Monthly Excess Cashflows 48,078.66 HIGH LTV Pool Net Monthly Excess Cashflows 434,133.93 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 1,422,547.88 Aggregate Principal Prepayment Amount on the Class A-2 934,770.68 Ending Aggregate Principal Balance of Mortgage Loans 182,112,931.17 Ending Loan Count 2406 Principal Adjustable Loan Pool Scheduled Principal Balance 90,070.76 High LTV Loan Pool Scheduled Principal Balance 108,273.60 Adjustable Loan Pool Unscheduled Principal Balance 1,430,738.17 High LTV Loan Pool Unscheduled Principal Balance 1,040,877.62 Aggregate Pool Scheduled Principal Balance 198,344.36 Aggregate Pool Unscheduled Principal Balance 2,471,615.79 Other Principal Proceeds 813.37 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 48,078.66 HIGH LTV Pool Net Monthly Excess Cashflow 404,828.81 ARM Pool Excess Overcollateralization Amount 0.33 HIGH LTV Pool Excess Overcollateralization High LTV and ARM Ending Balance and Count High LTV Ending Balance 68,731,603.85 Arm Ending Balance 113,381,327.32 High LTV Ending Count 1798 Arm Ending Count 608 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 1,976.86 Interest Advances 60,114.36 Compensating Interest Payments 0.00 Realized Losses Current Period Total Realized Losses 29,305.12 Aggregate Total Realized Losses 315,331.42 Class A-1 Current Period Realized Losses 0.00 Class A-2 Current Period Realized 29,305.12 Class A-1 Aggregate Realized Losses 0.00 Class A-2 Aggregate Realized Losses 315,331.42 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 5,885.16 Relief Act Shortfalls for Current Period 0.00 Agg. Prin. Bal of Defaulted or Converted Mtg. Loans 0.00 _ -----END PRIVACY-ENHANCED MESSAGE-----