1
Seller: American Residential Holdings, Inc. Administrator: Aracely Alanis
Servicer: Countrywide Home Loans, Inc. Bankers Trust Company
Lead Underwriter: Bear Stearns Asset Backed Securities, Inc. 3 Park Plaza
Record Date: October 23, 1998 Irvine, CA 92614
Distribution Date: October 26, 1998 Factor Information: (800) 735-7777
EXHIBIT 10.1
REMIC IV
DISTRIBUTION IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL REALIZED DEFERRED CURRENT
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST PRINCIPAL BALANCE
- ----- ---------- --------- -------- --------- -------- -------- -------- -----------------
Class A 83,822,000.00 80,505,160.27 400,258.80 2,504,986.47 2,905,245.27 0.00 0.00 78,000,173.80
Class M-1 6,715,000.00 6,715,000.00 34,947.14 0.00 34,947.14 0.00 0.00 6,715,000.00
Class M-2 4,228,000.00 4,228,000.00 22,732.11 0.00 22,732.11 0.00 0.00 4,228,000.00
Class B 3,376,000.00 3,376,000.00 20,476.96 0.00 20,476.96 0.00 0.00 3,376,000.00
Class X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R 1,000.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 98,142,000.01 94,824,160.27 478,415.01 2,504,986.47 2,983,401.48 0.00 0.00 92,319,173.80
FACTOR INFORMATION PER $1000 ORIGINAL FACE PASS-THROUGH RATES
- ------------------------------------------------------------------------------------------ -----------------------
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- ----------
Class A 02926WAA4 960.429962 4.775104 29.884594 34.659699 930.545368 5.773750% 5.399380%
Class M-1 02926WAB2 1,000.000000 5.204340 0.000000 5.204340 1,000.000000 6.043750% 5.669380%
Class M-2 02926WAC0 1,000.000000 5.376563 0.000000 5.376563 1,000.000000 6.243750% 5.869380%
Class B 02926WAD8 1,000.000000 6.065450 0.000000 6.065450 1,000.000000 7.043750% 6.669380%
Class X AR98B1001 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R AR98B1002 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
2
Seller: American Residential Holdings, Inc. Administrator: Aracely Alanis
Servicer: Countrywide Home Loans, Inc. Bankers Trust Company
Lead Underwriter: Bear Stearns Asset Backed Securities, Inc. 3 Park Plaza
Record Date: October 23, 1998 Irvine, CA 92614
Distribution Date: October 26, 1998 Factor Information: (800) 735-7777
REMIC III
DISTRIBUTION IN DOLLARS
CURRENT
ORIGINAL PRIOR REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE PRINCIPAL BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- ----------------- -------- --------- ----- -------- -------- --------
T3-1 83,822,000.00 80,785,951.41 490,003.26 2,406,547.02 2,896,550.28 0.00 0.00 78,379,404.39
T3-2 6,715,000.00 6,715,000.00 40,729.51 0.00 40,729.51 0.00 0.00 6,715,000.00
T3-3 4,228,000.00 4,228,000.00 25,644.73 0.00 25,644.73 0.00 0.00 4,228,000.00
T3-4 3,376,000.00 3,376,000.00 20,476.96 0.00 20,476.96 0.00 0.00 3,376,000.00
*T3-5 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
*T3-6 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
*T3-7 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
T3-8 1,000.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 98,142,000.01 95,104,951.41 576,854.46 2,406,547.02 2,983,401.48 0.00 0.00 92,698,404.39
FACTOR INFORMATION PER $1000 ORIGINAL FACE PASS-THROUGH RATES
- -------------------------------------------------------------------------------------------- ----------------------------
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- --------
T3-1 AR98B1301 963.779812 5.845760 28.710208 34.555967 935.069605 7.043750% 6.669380%
T3-2 AR98B1302 1,000.000000 6.065452 0.000000 6.065452 1,000.000000 7.043750% 6.669380%
T3-3 AR98B1303 1,000.000000 6.065452 0.000000 6.065452 1,000.000000 7.043750% 6.669380%
T3-4 AR98B1304 1,000.000000 6.065450 0.000000 6.065450 1,000.000000 7.043750% 6.669380%
*T3-5 AR98B1305 0.000000 0.000000 0.000000 0.000000 0.000000 1.499895% 2.151385%
*T3-6 AR98B1306 0.000000 0.000000 0.000000 0.000000 0.000000 0.029024% 0.036799%
*T3-7 AR98B1307 0.000000 0.000000 0.000000 0.000000 0.000000 1.470867% 2.114586%
T3-8 AR98B1308 0.000000 0.000000 0.000000 0.000000 0.000000 7.043750% 0.000000%
R-III AR98B1309 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
*Notional Balance
3
Seller: American Residential Holdings, Inc. Administrator: Aracely Alanis
Servicer: Countrywide Home Loans, Inc. Bankers Trust Company
Lead Underwriter: Bear Stearns Asset Backed Securities, Inc. 3 Park Plaza
Record Date: October 23, 1998 Irvine, CA 92614
Distribution Date: October 26, 1998 Factor Information: (800) 735-7777
REMIC II
DISTRIBUTION IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ---------
T2-1 96,217,234.91 93,707,558.80 687,066.75 2,236,666.71 2,923,733.46 0.00 0.00 91,470,892.09
T2-2 981,808.52 952,259.03 5,775.88 24,032.65 29,808.53 0.00 0.00 928,226.38
T2-3 981,808.52 960,140.12 5,830.25 22,823.13 28,653.38 0.00 1,209.52 938,526.51
T2-4 0.00 0.00 1,206.11 0.00 1,206.11 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 98,180,851.95 95,619,957.95 699,878.99 2,283,522.49 2,983,401.48 0.00 1,209.52 93,337,644.98
FACTOR INFORMATION PER $1000 ORIGINAL FACE PASS-THROUGH RATES
- ----------------------------------------------------------------------------------------- ---------------------------
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- --------
T2-1 AR98B1201 0.000000 7.140787 23.246009 30.386796 950.670555 8.514617% 8.783966%
T2-2 AR98B1202 0.000000 5.882899 24.477940 30.360839 945.425061 7.043750% 6.669380%
T2-3 AR98B1203 0.000000 5.938276 23.246009 29.184285 955.916037 8.514617% 8.783966%
T2-4 AR98B1204 0.000000 0.012289 0.000000 0.012289 0.000000 1.470867% 2.114586%
R-II AR98B1205 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
4
Seller: American Residential Holdings, Inc. Administrator: Aracely Alanis
Servicer: Countrywide Home Loans, Inc. Bankers Trust Company
Lead Underwriter: Bear Stearns Asset Backed Securities, Inc. 3 Park Plaza
Record Date: October 23, 1998 Irvine, CA 92614
Distribution Date: October 26, 1998 Factor Information: (800) 735-7777
REMIC I
DISTRIBUTION IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- -------- ------ -------- ---------
T1-1 96,217,234.91 93,707,558.80 687,066.75 2,236,666.71 2,923,733.46 0.00 0.00 91,470,892.09
T1-2 981,808.52 952,259.02 6,981.99 24,032.65 31,014.64 0.00 0.00 928,226.37
T1-3 981,808.52 960,140.12 5,830.25 22,823.13 28,653.38 0.00 1,209.52 938,526.51
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 98,180,851.95 95,619,957.95 699,878.99 2,283,522.49 2,983,401.48 0.00 1,209.52 93,337,644.98
FACTOR INFORMATION PER $1000 ORIGINAL FACE PASS-THROUGH RATES
- --------------------------------------------------------------------------------------- -----------------------
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- --------- --------- ----- --------- ------- ---------
T1-1 AR98B1101 0.000000 7.140787 23.246009 30.386796 950.670555 8.514617% 8.783966%
T1-2 AR98B1102 0.000000 7.111356 24.477940 31.589296 945.425056 8.514517% 8.783966%
T1-3 AR98B1103 0.000000 5.938276 23.246009 29.184285 955.916043 8.514617% 8.783966%
R-I AR98B1104 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
5
Seller: American Residential Holdings, Inc. Administrator: Aracely Alanis
Servicer: Countrywide Home Loans, Inc. Bankers Trust Company
Lead Underwriter: Bear Stearns Asset Backed Securities, Inc. 3 Park Plaza
Record Date: October 23, 1998 Irvine, CA 92614
Distribution Date: October 26, 1998 Factor Information: (800) 735-7777
30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS
------------ ---------- ---------- ----------
DELINQUENT LOANS
Principal Balance 2,269,293.11 636,270.20 525,791.16 114,006.98
Number of Loans 25 8 2 1
LOANS IN FORECLOSURE
Principal Balance 0.00 0.00 0.00 0.00
Number of Loans 0 0 0 0
REO LOAN
Principal Balance 0.00 0.00 0.00 0.00
Number of Loans 0 0 0 0
GENERAL MORTGAGE LOAN INFORMATION
Beginning Aggregate Mortgage Loan Balance 95,619,957.95
Principal Balance of Liquidated Loans 0.00
Ending Aggregate Mortgage Loan Balance 93,337,644.98
Net Rate 8.51462%
6
Seller: American Residential Holdings, Inc. Administrator: Aracely Alanis
Servicer: Countrywide Home Loans, Inc. Bankers Trust Company
Lead Underwriter: Bear Stearns Asset Backed Securities, Inc. 3 Park Plaza
Record Date: October 23, 1998 Irvine, CA 92614
Distribution Date: October 26, 1998 Factor Information: (800) 735-7777
Servicing Fee 30,678.35
Interest Advanced 165,371.36
Principal Advanced 11,490.34
Has Trigger Event Occurred NO
Cumulative Applied Realized Loss 0.00
Current Realized Loss 0.00
INTEREST INTEREST
SHORTFALL CARRYOVER AMOUNT
--------- ----------------
Class A 0.00 0.00
Class M-1 0.00 0.00
Class M-2 0.00 0.00
Class B 0.00 0.00
Class X 0.00 0.00
R 0.00 0.00
Total 0.00 0.00
SCHEDULED EXTRA
PREPAYMENT PRINCIPAL PRINCIPAL PRINCIPAL
DISTRIBUTED DISTRIBUTED DISTRIBUTION AMOUNT
-------------------- ----------- -------------------
Class A 947,632.25 51,401.09 222,673.50
Class M-1 0.00 0.00 0.00
Class M-2 0.00 0.00 0.00
Class B 0.00 0.00 0.00
Class X 0.00 0.00 0.00
R 0.00 0.00 0.00
Total 947,632.25 51,401.09 222,673.50