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: January 22, 1999 Irvine, CA 92614
Distribution Date: January 25, 1999 Factor Information: (800) 735-7777
EXHIBIT 10.1
REMIC IV
DISTRIBUTION IN DOLLARS
- ---------------------------------------------------------------------------------------------------------------------------------
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
----- ------------- ------------- ---------- ------------ ------------ -------- -------- -------------
Class A 83,822,000.00 74,785,341.87 337,619.76 1,345,052.34 1,682,672.10 0.00 0.00 73,440,289.53
Class M-1 6,715,000.00 6,715,000.00 31,725.14 0.00 31,725.14 0.00 0.00 6,715,000.00
Class M-2 4,228,000.00 4,228,000.00 20,632.95 0.00 20,632.95 0.00 0.00 4,228,000.00
Class B 3,376,000.00 3,376,000.00 18,575.75 0.00 18,575.75 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 89,104,341.87 408,553.60 1,345,052.34 1,753,605.94 0.00 0.00 87,759,289.53
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 892.192287 4.027818 16.046531 20.074349 876.145756 5.804380% 5.119690%
Class M-1 02926WAB2 1,000.000000 4.724518 0.000000 4.724518 1,000.000000 6.074380% 5.389690%
Class M-2 02926WAC0 1,000.000000 4.880073 0.000000 4.880073 1,000.000000 6.274380% 5.589690%
Class B 02926WAD8 1,000.000000 5.502296 0.000000 5.502296 1,000.000000 7.074380% 6.389690%
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: January 22, 1999 Irvine, CA 92614
Distribution Date: January 25, 1999 Factor Information: (800) 735-7777
REMIC III
DISTRIBUTION IN DOLLARS
- ------------------------------------------------------------------------------------------------------------------------------------
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -------- ------------- ------------- ---------- ------------ ------------ -------- -------- --------------
T3-1 83,822,000.00 75,358,959.41 414,647.27 1,260,171.30 1,674,818.57 0.00 0.00 74,098,788.11
T3-2 6,715,000.00 6,715,000.00 36,947.91 0.00 36,947.91 0.00 0.00 6,715,000.00
T3-3 4,228,000.00 4,228,000.00 23,263.71 0.00 23,263.71 0.00 0.00 4,228,000.00
T3-4 3,376,000.00 3,376,000.00 18,575.75 0.00 18,575.75 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 89,677,959.41 493,434.64 1,260,171.30 1,753,605.94 0.00 0.00 88,417,788.11
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 899.035568 4.946759 15.033897 19.980656 844.001672 7.074380% 6.389690%
T3-2 AR98B1302 1,000.000000 5.502295 0.000000 5.502295 1,000.000000 7.074380% 6.389690%
T3-3 AR98B1303 1,000.000000 5.502297 0.000000 5.502297 1,000.000000 7.074380% 6.389690%
T3-4 AR98B1304 1,000.000000 5.502296 0.000000 5.502296 1,000.000000 7.074380% 6.389690%
*T3-5 AR98B1305 0.000000 0.000000 0.000000 0.000000 0.000000 2.391840% 2.158083%
*T3-6 AR98B1306 0.000000 0.000000 0.000000 0.000000 0.000000 0.063019% 0.066989%
*T3-7 AR98B1307 0.000000 0.000000 0.000000 0.000000 0.000000 2.328817% 2.091094%
T3-8 AR98B1308 0.000000 0.000000 0.000000 0.000000 0.000000 7.074380% 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: January 22, 1999 Irvine, CA 92614
Distribution Date: January 25, 1999 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 88,804,213.95 649,478.32 1,069,055.51 1,718,533.83 0.00 0.00 87,735,158.44
T2-2 981,808.52 898,092.75 4,941.57 12,221.90 17,163.47 0.00 0.00 885,870.85
T2-3 981,808.52 914,238.13 5,373.19 10,908.73 16,281.92 0.00 1,313.17 904,642.57
T2-4 0.00 0.00 1,626.72 0.00 1,626.72 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 90,616,544.83 661,419.80 1,092,186.14 1,753,605.94 0.00 1,313.17 89,525,671.86
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 6.750125 11.110853 17.860977 911.844521 9.403197% 8.480784%
T2-2 AR98B1202 0.000000 5.033130 12.448354 17.481484 902.284745 7.074380% 6.389690%
T2-3 AR98B1203 0.000000 5.472747 11.110853 16.583600 921.404277 9.403197% 8.480784%
T2-4 AR98B1204 0.000000 0.016575 0.000000 0.016575 0.000000 2.328817% 2.091094%
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: January 22, 1999 Irvine, CA 92614
Distribution Date: January 25, 1999 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 88,804,213.95 649,478.32 1,069,055.51 1,718,533.83 0.00 0.00 87,735,158.44
T1-2 981,808.52 898,092.75 6,568.29 12,221.90 18,790.19 0.00 0.00 885,870.85
T1-3 981,808.52 914,238.13 5,373.19 10,908.73 16,281.92 0.00 1,313.17 904,642.57
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 98,180,851.95 90,616,544.83 661,419.80 1,092,186.14 1,753,605.94 0.00 1,313.17 89,525,671.86
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 6.750125 11.110853 17.860977 911.844521 9.403197% 8.480784%
T1-2 AR98B1102 0.000000 6.689991 12.448354 19.138345 902.284745 9.403197% 8.480784%
T1-3 AR98B1103 0.000000 5.472747 11.110853 16.583600 921.404277 9.403197% 8.480784%
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: January 22, 1999 Irvine, CA 92614
Distribution Date: January 25, 1999 Factor Information: (800) 735-7777
30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS
------------ ------------- ---------- --------------
DELINQUENT LOANS
Principal Balance 1,630,552.79 1,307,424.39 250,406.24 55,030.49
Number of Loans 19 8 3 1
LOANS IN FORECLOSURE
Principal Balance 0.00 0.00 0.00 1,790,821.76
Number of Loans 0 0 0 10
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 90,616,544.83
Principal Balance of Liquidated Loans 0.00
Ending Aggregate Mortgage Loan Balance 89,525,671.86
Net Rate 9.40320%
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: January 22, 1999 Irvine, CA 92614
Distribution Date: January 25, 1999 Factor Information: (800) 735-7777
Servicing Fee 31,638.46
Interest Advanced 111,181.10
Principal Advanced 7,765.82
Has Trigger Event Occurred NO
Cumulative Applied Realized Loss 0.00
Current Realized Loss 0.00
INTEREST
INTEREST CARRYOVER
SHORTFALL 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
EXTRA
PREPAYMENT SCHEDULED PRINCIPAL
PRINCIPAL PRINCIPAL DISTRIBUTION
DISTRIBUTED DISTRIBUTED AMOUNT
------------ ----------- ------------
Class A 1,039,910.91 50,962.06 254,179.37
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 1,039,910.91 50,962.06 254,179.37