-----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, SWVO6NnXKFhkywcbMwbDeJFT2Q65znz6Nyiu/wijYXrswj4jd7qWBByZoYXElmkL wwAy/YxEK+I/G8sBtgPQ5A== 0001019687-99-000654.txt : 19991028 0001019687-99-000654.hdr.sgml : 19991028 ACCESSION NUMBER: 0001019687-99-000654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991020 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ALLIANCE MORTGAGE LOAN TRUST 1999-2 CENTRAL INDEX KEY: 0001087753 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 952944875 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-44585-07 FILM NUMBER: 99734304 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOT NA STREET 2: SIXTH STREET & MARQUETTE AVNUEE CITY: MINNEAPOLIS STATE: MN ZIP: 55479 BUSINESS PHONE: 9492248378 MAIL ADDRESS: STREET 1: 17305 VON KARMAN AVENUE CITY: IRVINE STATE: CA ZIP: 92614 8-K 1 FIRST ALLIANCE MORTGAGE LOAN TRUST 1999-2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 20, 1999 ---------------- First Alliance Mortgage Company on behalf of First Alliance Mortgage Loan Trust 1999-2 ------------------------------------------------------ (Exact name of registrant as specified in its charter) New York 333-44585-07 52-2190109 - ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) c/o Norwest Bank Minnesota, N.A. as Trustee Sixth Street and Marquette Avenue Minneapolis, MN 55479 ---------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (612) 667-1234 Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. Information relating to the distributions to Certificateholders for the October 1999 Monthly Period of the Trust in respect of the First Alliance Mortgage Loan Asset Backed Certificates, Series 1999-2, Class A (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Mortgage Loans, and the subordinated amount remaining), together with certain other information relating to the certificates, is contained in the Monthly Report for the Monthly Period provided to certificateholders pursuant to the Pooling and Servicing Agreement (the "Agreement") dated as of June 1, 1999 between First Alliance Mortgage Company as Servicer, and Norwest Bank, as trustee. Item 7. Exhibit. Monthly Report for the October 1999 Monthly Period relating to the First Alliance Mortgage Loan Asset Backed Certificates Series 1999-2, Class A issued by the First Alliance Mortgage Loan Trust 1999-2. - -------------------------------------------------------------------------------- FIRST ALLIANCE MORTGAGE COMPANY MORTGAGE LOAN ASSET BACKED NOTES SERIES 1999-2 ================================================================================ DISTRIBUTION: 20-Oct-99
==================================================================================================================================== ORIGINAL BEGINNING ENDING CLASS NOTE NOTE PRINCIPAL INTEREST TOTAL CERTIFICATE BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 55,000,000.00 53,732,800.64 599,127.87 317,471.30 916,599.17 53,133,672.77 A-2 35,000,000.00 34,201,634.27 510,934.28 161,923.36 672,857.64 33,690,699.99 R 0.00 0.00 0.00 0.00 0.00 0.00 OC 0.00 405,808.65 0.00 0.00 0.00 544,875.03 ==================================================================================================================================== TOTALS 90,000,000.00 88,340,243.56 1,110,062.15 479,394.66 1,589,456.81 87,369,247.79 ====================================================================================================================================
Principal Distribution Factors Statement
==================================================================================================================================== ORIGINAL BEGINNING SCHEDULED UNSCHEDULED ENDING ENDING TOTAL TOTAL CLASS FACE CERTIFICATE PRINCIPAL PRINCIPAL REALIZED CERTIFICATE CERTIFICATE PRINCIPAL PRINCIPAL BALANCE BALANCE DISTRIBUTION DISTRIBUTION ACCERTION LOSS (3) BALANCE PERCENTAGE REDUCTION DISTRIBUTION - ------------------------------------------------------------------------------------------------------------------------------------ A-1 55,000,000.00 976.96001164 0.00000000 10.89323400 0.00000000 0.00000000 966.06677764 0.96606678 10.89323400 10.89323400 A-2 35,000,000.00 977.18955057 0.00000000 14.59812229 0.00000000 0.00000000 962.59142829 0.96259143 14.59812229 14.59812229 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ====================================================================================================================================
Interest Distribution Factors Statement
==================================================================================================================================== PAYMENT OF ORIGINAL CURRENT BEGINNING CURRENT Unpaid CURRENT NON-SUPPORTED ENDING TOTAL CLASS FACE CERTIFICATE CERTIFICATE/ ACCRUED INTEREST INTEREST INTEREST REALIZED CERTIFICATE/ INTEREST BALANCE RATE NOTIONAL BAL. INTEREST SHORTFALL SHORTFALL SHORTFALL LOSSES NOTIONAL BAL DISTRIBUTION - ------------------------------------------------------------------------------------------------------------------------------------ A-1 55,000,000.00 7.09000% 976.96001164 5.77220545 0.00000000 0.00000000 0.00000000 0.00000000 966.06677764 5.77220545 A-2 35,000,000.00 5.68125% 977.18955057 4.62638171 0.00000000 0.00000000 0.00000000 0.00000000 962.59142829 4.62638171 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ====================================================================================================================================
- -------------------------------------------------------------------------------- FIRST ALLIANCE MORTGAGE COMPANY MORTGAGE LOAN ASSET BACKED NOTES SERIES 1999-2 ================================================================================ DELINQUENCY STATUS
Percentage Delinquent Based On Current Unpaid Number Principal Number of Unpaid Balance Group of Loans Balance Loans ---------------------------------------------------------------------------------------------------- I 30 Days 4 458,217.06 0.716% 0.857% 60 Days 1 88,206.00 0.179% 0.165% 90+ Days 0 0.00 0.000% 0.000% Foreclosure 3 392,394.02 0.537% 0.734% Bankruptcy 2 143,441.52 0.358% 0.268% REO 0 0.00 0.000% 0.000% ---------------------------------------------------------------------------------------------------- Totals 10 1,082,258.60 1.789% 2.025% ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- II 30 Days 3 363,131.72 1.071% 1.070% 60 Days 4 354,423.63 1.429% 1.045% 90+ Days 1 385,093.10 0.357% 1.135% Foreclosure 8 1,102,648.45 2.857% 3.250% Bankruptcy 0 0.00 0.000% 0.000% REO 0 0.00 0.000% 0.000% ---------------------------------------------------------------------------------------------------- Totals 16 2,205,296.90 5.714% 6.500% ----------------------------------------------------------------------------------------------------
Current Period Realized Loss 0.00 Cumulative Realized Losses 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00 Group 1 2 ---------------------- -------------------- Subordinate Amount 307,579.95 237,295.08 Subordinate Reduction Amount - - Required Subordinate Amount 825,000.00 1,050,000.00 Subordinate Increase Amount 594,184.39 875,006.96 Extra Principal Distribution Amount 76,764.34 62,302.04 Excess Cash Amount 76,764.34 62,302.04 --------------------------------------------------------------- COLLATERAL STATEMENT --------------------------------------------------------------- Beginning Scheduled Collateral Balance 88,340,243.56 Ending Scheduled Collateral Balance 87,369,247.79 Scheduled Principal Group I 42,179.68 Scheduled Principal Group II 26,013.99 Unscheduled Principal Group I 480,183.85 Unscheduled Principal Group II 422,618.25 --------------------------------------------------------------- SIGNATURE --------- 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 hereunto duly authorized. First Alliance Mortgage Loan Trust 1999-2 ----------------------------------------- (Registrant) By: First Alliance Mortgage Company -------------------------------------- (Servicer) Date: October 26, 1999 By: /S/ Francisco Nebot ---------------- -------------------------------------- Name: Francisco Nebot ------------------------------------ Executive Vice President Title: and Chief Financial Officer ----------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----