-----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, Gu9M7sYQlpgqAJS2IVkdIXTJFlFmacXw98Ujbrn44TjHkvo0L8xDvnVNyoCExQ8F bKvN/Pblxq8B/tCS24UqzQ== 0001019965-99-000231.txt : 19990908 0001019965-99-000231.hdr.sgml : 19990908 ACCESSION NUMBER: 0001019965-99-000231 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990831 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990907 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE HOME EQUITY LOAN TRUST 1999-A CENTRAL INDEX KEY: 0001082801 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 367270694 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-11095-14 FILM NUMBER: 99706763 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): August 16, 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 August 16, 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 August 16, 1999. Principal Interest Ending Balance Cede & Co.$ 2,544,093.25 $ 882,579.87 $177,983,613.47 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 August 16, 1999 Statement to Certificateholders (Page 1 of 1) Distribution Date: 7/15/99 8/16/99 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000 ORIGINAL PRINCIPAL AMOUNT) A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS Investor Certificate Interest Distributed 4.355549 4.770702 Investor Certificate Interest Shortfall Distributed 0.000000 0.000000 Remaining Unpaid Investor Certificate Interest Shortfall 0.000000 0.000000 Managed Amortization Period ? (Yes=1; No=0) 1 1 Investors Certificate Principal Distributed 8.943076 13.751855 Principal Distribution Amount 8.943076 13.751855 Maximum Principal Payment 38.280670 39.193584 Alternative Principal Payment 8.943076 13.751855 Principal Collections less Additional Balances 8.943076 13.751855 Investor Loss Amount Distributed to Investors 0.000000 0.000000 Accelerated Principal Distribution Amount 0.000000 0.000000 Credit Enhancement Draw Amount 0.00 0.00 Total Amount Distributed to Certificateholders (P & I) 13.298625 18.522558 B. INVESTOR CERTIFICATE PRINCIPAL BALANCE Beginning Investor Certificate Balance "182,182,175.78 " "180,527,706.72 " Ending Investor Certificate Balance "180,527,706.72 " "177,983,613.47 " Beginning Invested Amount "182,182,175.78 " "180,527,706.72 " Ending Invested Amount "180,527,706.72 " "177,983,613.47 " Investor Certificateholder Floating Allocation Percentage 98.2026% 98.1864% Pool Factor 0.9758254 0.9620736 Liquidation Loss Amount for Liquidated Loans 0.00 0.00 Unreimbursed Liquidation Loss Amount 0.00 0.00 C. POOL INFORMATION Beginning Pool Balance "185,516,641.86 " "183,862,172.80 " Ending Pool Balance "183,862,172.80 " "181,318,079.55 " Servicer Removals form the Trust (Section 2.06) 0.00 0.00 Servicing Fee "77,298.60 " "76,609.24 " D. INVESTOR CERTIFICATE RATE Investor Certificate Rate 5.307500% 5.500000% LIBOR Rate 4.987500% 5.180000% Maximum Rate 8.126521% 8.498356% E. DELINQUENCY & REO STATUS Delinquent 30-59 days No. of Accounts 4 5 Trust Balances "129,927.24 " "205,157.56 " Delinquent 60-89 days No. of Accounts 0 1 Trust Balances 0.00 "75,000.00 " Delinquent 90+ days No. of Accounts 2 1 Trust Balances "41,161.87 " "41,000.00 " Delinquent 9+ Months No. of Accounts 0 0 Trust Balances 0 0 REO No. of Accounts 0 0 Trust Balances 0.00 0.00 "IN WITNESS WHEREOF, the undersigned has caused this Certificate" to be duly executed "this 10th day of August, 1999" Countrywide Home Loans Formerly Known as Countrywide Funding Corporation as Servicer _______________________________________ Lupe Montero Vice-President Distribution List: Barbara Grosse - First National Bank of Chicago John Dahl - Salomon Smith Barney 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: August 31, 1999 -----END PRIVACY-ENHANCED MESSAGE-----