[LETTERHEAD OF EQUITY ONE]
EXHIBIT 99.2
January 31, 2000
The Chase Manhattan Bank AMBAC Indemnity Corp. Equity One ABS, Inc.
450 West 33rd Street One State Street Plaza 103 Springer Bldg.
15th Floor 18th Floor 3411 Silverside Road
New York, NY 10001 New York, NY 10004 Wilmington, DE 19810
Attn: Norma Catone, Account Officer Attn: Warren Tong, VP
RE: Pooling and Servicing Agreement dated as of December 1, 1998
(the "Agreement") for Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 1998-1
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Ladies and Gentlemen:
Pursuant to the provisions of the Agreement, I, Lynn Barry, Assistant Vice
President of Equity One, Inc. Inc. (the "Servicer") do hereby certify as
follows:
1. A review of the activities of the Servicer during the period from
December 1, 1998 through November 30, 1999 and of its performance under
the Agreement has been made under my supervision; and
2. To the best of my knowledge, based on such review, the Servicer has
fulfilled all of its obligations under the Agreement in all material
respects throughout such period.
IN WITNESS WHEREOF, I have hereunto set my hand this 31st day of January
2000.
EQUITY ONE, INC.
/s/ Lynn Barry
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Lynn Barry
Assistant Vice President
LB/lv
cc: Stradley Ronon Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103-7098
Attn: David Joseph, Esquire
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