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: February 24, 1999 Irvine, CA 92614
Distribution Date: February 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 73,440,289.53 323,770.47 1,679,054.15 2,002,824.62 0.00 0.00 71,761,235.38
Class M-1 6,715,000.00 6,715,000.00 31,165.13 0.00 31,165.13 0.00 0.00 6,715,000.00
Class M-2 4,228,000.00 4,228,000.00 20,350.82 0.00 20,350.82 0.00 0.00 4,228,000.00
Class B 3,376,000.00 3,376,000.00 18,575.54 0.00 18,575.54 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 87,759,289.53 393,861.96 1,679,054.15 2,072,916.11 0.00 0.00 86,080,235.58
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 876.145756 3.862595 20.031187 23.893782 856.114569 5.119690% 5.116880%
Class M-1 02926WAB2 1,000.000000 4.641121 0.000000 4.641121 1,000.000000 5.389690% 5.386880%
Class M-2 02926WAC0 1,000.000000 4.813344 0.000000 4.813344 1,000.000000 5.589690% 5.586880%
Class B 02926WAD8 1,000.000000 5.502233 0.000000 5.502233 1,000.000000 6.389690% 6.386880%
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: February 24, 1999 Irvine, CA 92614
Distribution Date: February 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 74,098,788.11 407,708.80 1,586,420.84 1,994,129.64 0.00 0.00 75,512,367.27
T3-2 6,715,000.00 6,715,000.00 36,947.49 0.00 36,947.49 0.00 0.00 6,715,000.00
T3-3 4,228,000.00 4,228,000.00 23,263.44 0.00 23,263.44 0.00 0.00 4,228,000.00
T3-4 3,376,000.00 3,376,000.00 18,575.54 0.00 18,575.54 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 88,417,788.11 486,495.27 1,586,420.84 2,072,916.11 0.00 0.00 86,831,367.27
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 884.001672 4.863983 18.926068 23.790051 865.075604 6.389690% 6.386880%
T3-2 AR98B1302 1,000.000000 5.502232 0.000000 5.502232 1,000.000000 6.389690% 6.386880%
T3-3 AR98B1303 1,000.000000 5.502233 0.000000 5.502233 1,000.000000 6.389690% 6.386880%
T3-4 AR98B1304 1,000.000000 5.502233 0.000000 5.502233 1,000.000000 6.389690% 6.386880%
*T3-5 AR98B1305 0.000000 0.000000 0.000000 0.000000 0.000000 2.158083% 3.080908%
*T3-6 AR98B1306 0.000000 0.000000 0.000000 0.000000 0.000000 0.066987% 0.080311%
*T3-7 AR98B1307 0.000000 0.000000 0.000000 0.000000 0.000000 2.091094% 3.000597%
T3-8 AR98B1308 0.000000 0.000000 0.000000 0.000000 0.000000 6.389690% 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: February 24, 1999 Irvine, CA 92614
Distribution Date: February 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 87,735,158.44 640,720.82 1,390,736.96 2,031,457.78 0.00 0.00 86,344,421.48
T2-2 981,808.52 885,870.85 4,874.27 15,884.17 20,758.44 0.00 0.00 869,986.68
T2-3 981,808.52 904,642.57 4,913.54 14,191.20 19,104.74 0.00 1,692.98 892,144.35
T2-4 0.00 0.00 1,595.15 0.00 1,595.15 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 89,525,671.86 652,103.78 1,420,812.33 2,072,916.11 0.00 1,692.98 88,106,552.51
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 6.659107 14.454136 21.113242 897.390385 8.480784% 9.387477%
T2-2 AR98B1202 0.000000 4.964583 16.178481 21.143064 886.106264 6.389690% 6.386880%
T2-3 AR98B1203 0.000000 5.004581 14.454142 19.458723 908.674484 8.480784% 9.387477%
T2-4 AR98B1204 0.000000 0.016253 0.000000 0.016253 0.000000 2.091094% 3.000597%
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: February 24, 1999 Irvine, CA 92614
Distribution Date: February 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 87,735,158.44 640,720.82 1,390,736.96 2,031,457.78 0.00 0.00 86,344,421.48
T1-2 981,808.52 885,870.85 6,469.42 15,884.17 22,353.59 0.00 0.00 869,986.67
T1-3 981,808.52 904,642.57 4,913.54 14,191.19 19,104.74 0.00 1,692.98 892,144.35
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 98,180,851.95 89,525,671.86 652,103.78 1,420,812.33 2,072,916.11 0.00 1,692.98 88,106,552.51
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 6.659107 14.454136 21.113242 897.390385 8.480784% 9.387477%
T1-2 AR98B1102 0.000000 6.589289 16.178486 22.767775 886.106259 8.480784% 9.387477%
T1-3 AR98B1103 0.000000 5.004581 14.454137 19.458718 908.674489 8.480784% 9.387477%
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: February 24, 1999 Irvine, CA 92614
Distribution Date: February 25, 1999 Factor Information: (800) 735-7777
30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS
------------ ------------- ---------- --------------
DELINQUENT LOANS
Principal Balance 2,186,117.52 944,088.46 0.00 163,308.80
Number of Loans 21 6 0 1
LOANS IN FORECLOSURE
Principal Balance 0.00 0.00 141,210.88 2,583,148.88
Number of Loans 0 0 1 15
REO LOAN
Principal Balance 0.00
Number of Loans 0
GENERAL MORTGAGE LOAN INFORMATION
- --------------------------------------------------------------------------------
Beginning Aggregate Mortgage Loan Balance 89,525,671.86
Principal Balance of Liquidated Loans 0.00
Ending Aggregate Mortgage Loan Balance 88,106,552.51
Net Rate 8.48078%
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: February 24, 1999 Irvine, CA 92614
Distribution Date: February 25, 1999 Factor Information: (800) 735-7777
Servicing Fee 20,833.14
Interest Advanced 290,753.77
Principal Advanced 22,495.75
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 1,368,337.48 50,781.87 259,934.80
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 1,368,337.48 50,781.87 259,934.80