-----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, Rirgdbt7Hks0gk0cJpGBbl5jFU5Qnwz1fkS18KIO0QsQxqQQyEzgZCbFKtQeLcuT 4ECVEFXvm05LIlXzQEMMkw== 0001019965-99-000164.txt : 19990427 0001019965-99-000164.hdr.sgml : 19990427 ACCESSION NUMBER: 0001019965-99-000164 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980430 ITEM INFORMATION: FILED AS OF DATE: 19990426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE HOME EQUITY LOAN TRUST 1999-A CENTRAL INDEX KEY: 0001082801 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-11095-14 FILM NUMBER: 99601104 BUSINESS ADDRESS: STREET 1: ONE FIRST NATIONAL PLAZA STREET 2: FIRST NATIONAL BANK OF CHICAGO CITY: CHICAGO STATE: IL ZIP: 60670 BUSINESS PHONE: 3124070902 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 (date of earliest event reported): April 15, 1999 COUNTRYWIDE HOME EQUITY LOAN TRUST 1999-A (Exact name of registrant as specified in its charter) CALIFORNIA 333-11095 36-7270694 (State or Other Jurisdiction (Commission File (I.R.S. Employer of Incorporation) Number) Identification No.) c/o The First National Bank of Chicago. Corporate Trust Services Division - 9th floor 1 N. State Street, Chicago IL 60670-0126 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: 312/407-1902 Item 5. Other Events On behalf of Countrywide Home Equity Loan Trust 1999-A, a Trust created pursuant to the Pooling Agreement, dated February 22, 1999, by The First National Bank of Chicago, as trustee for the Trust, the Trustee has caused to be filed with the Commission, the Monthly Report dated April 15, 1999. The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the area. The filing of the Monthly Report will occur subsequent to each monthly distribution to the holders of the Trust's Investor Certificates. A. Monthly Report Information: Aggregate distribution information for the current distribution date April 15, 1999. Principal Interest Ending Balance Cede & Co.$ 1,409,799.42 $ 1,323,711.63 $183,590,200.58 B. No delinquency in payment under the Transferor Certificate, or the Financial Guaranty Insurance Policy has occurred. C. Have any deficiencies occurred? NO. Date: Amount: D. Were any amounts paid or are any amounts payable under the Financial Guaranty Insurance Policy? NO Amount: E. Are there any developments with respect to the Ambac Certificate Guaranty Insurance Policy? NONE. F. Item 1: Legal Proceedings: NONE G. Item 2: Changes in Securities: NONE H. Item 4: Submission of Matters to a Vote of Security Holders: NONE I. Item 5: Other Information - Items 1, 2, 4, 5 if applicable: NOT APPLICABLE Item 7. Monthly Statements and Exhibits Exhibit No. 1. Monthly Statement to Certificateholders dated April 15, 1999 Statement to Certificateholders (Page 1 of 2) Distribution Date: 4/15/99 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (per $1000 original principal amount) A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS Investor Certificate Interest Distributed (Section 5.03 (iii)) 7.155198 Investor Certificate Interest Shortfall Distributed (Section 5.03 (iv)) 0.000000 Remaining Unpaid Investor Certificate Interest Shortfall (Section 5.03 (v)) 0.000000 Managed Amortization Period ? (Yes=1; No=0) 1 Investors Certificate Principal Distributed (Section 5.03 (vi)) 7.620537 Principal Distribution Amount 7.620537 Maximum Principal Payment 62.264755 Alternative Principal Payment 7.620537 Principal Collections less Additional Balances 7.620537 Investor Loss Amount Distributed to Investors 0.000000 Accelerated Principal Distribution Amount 0.000000 Credit Enhancement Draw Amount (Section 5.03 (xii)) "1,313,801.93 " Total Amount Distributed to Certificateholders (P & I) (Section 5.03 (ii)) 14.775735 B. INVESTOR CERTIFICATE PRINCIPAL BALANCE Beginning Investor Certificate Balance "185,000,000.00 " Ending Investor Certificate Balance (Section 5.03 (x)) "183,590,200.58 " Beginning Invested Amount "185,000,000.00 " Ending Invested Amount (Section 5.03 (x)) "183,590,200.58 " Investor Certificateholder Floating Allocation Percentage (Section 5.03 (i)) 98.5000% Pool Factor (Section 5.03 (x)) 0.9923795 Liquidation Loss Amount for Liquidated Loans (Section 5.03 (vii)) 0.00 Unreimbursed Liquidation Loss Amount (Section 5.03 (viii)) 0.00 C. POOL INFORMATION Beginning Pool Balance (Section 5.03 (xi)) "187,817,258.88 " Ending Pool Balance (Section 5.03 (xi)) "186,407,459.46 " Servicer Removals form the Trust (Section 2.06) 0.00 Servicing Fee (Section 5.03 (ix)) "78,257.19 " D. INVESTOR CERTIFICATE RATE Investor Certificate Rate (Section 5.03 (xvi)) 5.256880% LIBOR Rate 4.936880% Maximum Rate 5.991233% E. DELINQUENCY & REO STATUS Delinquent 30-59 days (Section 5.03 (xiii)) No. of Accounts 13 Trust Balances "400,639.00 " Delinquent 60-89 days (Section 5.03 (xiii)) No. of Accounts 1 Trust Balances 250.00 Delinquent 90+ days (Section 5.03 (xiii)) No. of Accounts 0 Trust Balances 0.00 REO (Section 5.03 (xiv)) No. of Accounts 0 Trust Balances 0 F. INSURANCE COVENANTS Subordinated Transferor Collections (Section 5.03 (xviii)) "20,446.08 " Overcollateralization Step-Down (Section 5.03 (xix)) 0.00 Available Transferor Subordinated Amount (Section 5.03 (xx)) "2,817,258.88 " Overcollateralization Amount (Section 5.03 (xxi)) 0.003199995 Statement to Certificateholders (Page 2 of 2) Distribution Date: 4/15/99 "IN WITNESS WHEREOF, the undersigned has" caused this certificate to be duly executed "this 9th day of April, 1999" Countrywide Home Loans Formerly Known as Countrywide Funding Corporation as Servicer _______________________________________ Lupe Montero Vice-President SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. COUNTRYWIDE HOME EQUITY LOAN TRUST 1999-A By _______________________________________ Name: Barbara G. Grosse Title: Vice President Dated: April 30, 1999 -----END PRIVACY-ENHANCED MESSAGE-----