SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 25, 1999
(Date of earliest event reported)
IMH ASSETS CORP.
(Company)
(Issuer in Respect of
Impac CMB Trust Series 1999-1
Collateralized Asset-Backed Bonds,
Series 1999-1)
(Exact name of registrant as specified in charter)
California 333-60707 33-0705301
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
20371 Irvine Avenue
Santa Ana Heights, CA 92707
Registrant's Telephone Number, including area code (714) 556-0122
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the Trust
Fund formed, and the Collateralized Asset Backed Bonds Series
1999-1 issued pursuant to an Indenture, dated as of February 26,
1999 , by and among Impac CMB Trust, as sponsor, Impac Funding
Corporation, as master servicer, LaSalle Bank N.A., as indenture
trustee and REMIC administrator, and ABN AMRO Bank, N.A., as
fiscal agent. The Class A-1, Class A-2 have been registered
pursuant to the Act under a Registration Statement on Form S-3
(File No.333-60701) (the "Registration Statement").
Capitalized terms used herein and not defined herein
have the same meanings ascribed to such terms in the Pooling and
Servicing Agreement.
Pursuant to Section 8.14 of the Pooling and Servicing
Agreement, the Trustee is filing this Current Report containing
the June 25, 1999 monthly distribution report prepared by the
Trustee pursuant to Section 4.01 thereof.
This Current Report is being filed by the Trustee, in
its capacity as such under the Pooling and Servicing Agreement,
on behalf of the Registrant. The information reported and
contained herein has been supplied to the Trustee by one or more
of the Master Servicer or other third parties without independent
review or investigation by the Trustee. Pursuant to the Pooling
and Servicing Agreement, the Trustee is not responsible for the
accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99 Monthly distribution report pursuant to
Section 7.05 of the Indenture
for the distribution on June 25, 1999.
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto duly
authorized.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF MORTGAGE CAPTIAL
FUNDING, INC, REGISTRANT
By: /s Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: July 28, 1999
ABN AMRO
LaSalle National Bank
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
IMH Assets Corp.
Impac Funding Corporation as Master Servicer
Impac CMB Trust Series 1999-1
Collateralized Asset-Backed Bonds, Serices 1999-1
ABN AMRO Acct: 67-8103-90-4
Number Of Pages
Table Of Contents 1
Certificate Report 1
Other Related Information 4
Asset Backed Facts Sheets 3
Total Pages Included In This P 9
Realized Loss Detail Appendix C
Information is available for this issue from the following sources
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (714) 282-5518
ASAP #: 391
Monthly Data File Name: Not Applicable or Available
Statement Date 06/25/99
Payment Date: 06/25/99
Prior Payment: 05/25/99
Record Date: 05/28/99
WAC: 9.91%
WAMM: 292
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 121,203,862.00 118,167,035.10
45254NAX5 1000.000000000 974.944470829
A-2 64,875,807.00 61,492,878.69
45254NAY3 1000.000000000 947.855318239
Trust Certific 0.00 0.00
9ABSC196 1000.000000000 0.000000000
186,079,669.00 179,659,913.79
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 1,488,932.79 0.00 0.00
45254NAX5 12.284532567 0.000000000 0.000000000
A-2 1,337,082.74 0.00 0.00
45254NAY3 20.609882202 0.000000000 0.000000000
Trust Certific 0.00 0.00 0.00
9ABSC196 0.000000000 0.000000000 0.000000000
2,826,015.53 0.00 0.00
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 116,678,102.31 541,590.70 0.00
45254NAX5 962.659938262 4.468427747 0.000000000
A-2 60,155,795.95 294,017.10 0.00
45254NAY3 927.245436038 4.531999116 0.000000000
Trust Certific 0.00 533,559.44 0.00
9ABSC196 0.000000000 2.867370965 0.000000000
176,833,898.26 1,369,167.24 0.00
Total P&I Payment 4,195,182.77
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 5.32250000%
45254NAX5 5.49250000%
A-2 5.55250000%
45254NAY3 5.72250000%
Trust Certificate
9ABSC196
Asset Backed Facts - Pool Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
06/25/99 130 7,797,310 20
5.04% 3.993% 0.78%
05/25/99 18 739,599 15
0.69% 0.372% 0.57%
04/26/99 114 7,508,856 14
4.28% 3.737% 0.53%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Delinq 3+ Months
Date Balance # Balance
06/25/99 1,018,957 25 1,091,409
0.522% 0.97% 0.559%
05/25/99 1,045,130 5 186,931
0.526% 0.19% 0.094%
04/26/99 818,023 11 408,294
0.407% 0.41% 0.203%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
06/25/99 0 0 0
0.00% 0.000% 0.00%
05/25/99 0 0 0
0.00% 0.000% 0.00%
04/26/99 0 0 0
0.00% 0.000% 0.00%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Modifications
Date Balance # Balance
06/25/99 1,612,686 0 0
0.826% 0.00% 0.000%
05/25/99 0 0 0
0.000% 0.00% 0.000%
04/26/99 0 0 0
0.000% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
06/25/99 33 2,498,064 9.9105%
1.28% 1.279% 0.00%
05/25/99 44 3,244,331 9.8721%
1.68% 1.632% 0.00%
04/26/99 38 1,772,652 9.8472%
1.43% 0.882% 0.00%
03/25/99 13 351,115 9.8523%
0.49% 0.174% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
Distribution
Date Remit
06/25/99 9.0945%
0.000%
05/25/99 9.0589%
0.000%
04/26/99 9.0339%
0.000%
03/25/99 9.0395%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
Asset Backed Facts - Group 1 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
06/25/99 18 3,537,826 1
2.72% 2.925% 0.15%
05/25/99 0 0 2
0.00% 0.000% 0.30%
04/26/99 19 3,962,732 1
2.81% 3.204% 0.15%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Delinq 3+ Months
Date Balance # Balance
06/25/99 263,761 0 0
0.218% 0.00% 0.000%
05/25/99 442,929 0 0
0.361% 0.00% 0.000%
04/26/99 205,096 0 0
0.166% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
06/25/99 0 0 0
0.00% 0.000% 0.00%
05/25/99 0 0 0
0.00% 0.000% 0.00%
04/26/99 0 0 0
0.00% 0.000% 0.00%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Modifications
Date Balance # Balance
06/25/99 0 0 0
0.000% 0.00% 0.000%
05/25/99 0 0 0
0.000% 0.00% 0.000%
04/26/99 0 0 0
0.000% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
06/25/99 9 1,385,651 7.4627%
1.36% 1.146% 0.00%
05/25/99 11 1,771,378 7.3853%
1.64% 1.442% 0.00%
04/26/99 4 638,383 7.3197%
0.59% 0.516% 0.00%
03/25/99 2 227,422 7.3208%
0.29% 0.183% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
Distribution
Date Remit
06/25/99 6.6148%
0.000%
05/25/99 6.5418%
0.000%
04/26/99 6.4758%
0.000%
03/25/99 6.4776%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
Asset Backed Facts - Group 2 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
06/25/99 112 4,259,484 19
5.84% 5.732% 0.99%
05/25/99 18 739,599 13
0.92% 0.973% 0.67%
04/26/99 95 3,546,124 13
4.78% 4.590% 0.65%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Delinq 3+ Months
Date Balance # Balance
06/25/99 755,196 25 1,091,409
1.016% 1.30% 1.469%
05/25/99 602,201 5 186,931
0.793% 0.26% 0.246%
04/26/99 612,927 11 408,294
0.793% 0.55% 0.528%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
06/25/99 0 0 0
0.00% 0.000% 0.00%
05/25/99 0 0 0
0.00% 0.000% 0.00%
04/26/99 0 0 0
0.00% 0.000% 0.00%
03/25/99 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
01/00/00 0 0 0
0.00% 0.000% 0.00%
Distribution Modifications
Date Balance # Balance
06/25/99 0 0 0
0.000% 0.00% 0.000%
05/25/99 0 0 0
0.000% 0.00% 0.000%
04/26/99 0 0 0
0.000% 0.00% 0.000%
03/25/99 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
01/00/00 0 0 0
0.000% 0.00% 0.000%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
06/25/99 24 1,112,413 13.8947%
1.25% 1.497% 0.00%
05/25/99 33 1,472,953 13.8929%
1.69% 1.939% 0.00%
04/26/99 34 1,134,270 13.8925%
1.71% 1.468% 0.00%
03/25/99 11 123,692 13.8923%
0.55% 0.159% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
01/00/00 0 0 0.0000%
0.00% 0.000% 0.00%
Distribution
Date Remit
06/25/99 13.1305%
0.000%
05/25/99 13.1287%
0.000%
04/26/99 13.1283%
0.000%
03/25/99 13.1281%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00 0.0000%
0.000%
01/00/00
Realized Loss Detail
Dist. Disclosure Appraisal Appraisal
Date Control # Date Value
06/25/99 1100183657NA NA
06/25/99 1800000233NA NA
05/25/99 1100160647NA NA
05/25/99 1800017515NA NA
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
01/00/00 0 0 0.00
Current Total
Cumulative
* Aggregate liquidation expenses also include outstanding
P&I advances and unpaid servicing fees, unpaid trustee fees, etc..
Beginning Gross Proceeds
Dist. Scheduled Gross as a % of
Date Balance Proceeds Sched Principal
06/25/99 25,000.00 0.00 0.000%
06/25/99 30,426.55 0.00 0.000%
05/25/99 49,887.46 21,864.25 43.827%
05/25/99 43,851.26 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
01/00/00 0.00 0.00 0.000%
Current Total 0.00
Cumulative 21,864.25
Aggregate Net Net Proceeds
Dist. Liquidation Liquidation as a % of
Date Expenses * Proceeds Sched. Balance
06/25/99 1,506.10 -1,506.100 -6.024%
06/25/99 2,120.00 -2,120.000 -6.968%
05/25/99 2,962.36 18,901.890 37.889%
05/25/99 2,408.80 -2,408.800 -5.493%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
01/00/00 0.00 0.000 0.000%
Current To 3,626.10 -3,626.100
Cumulative 8,997.26 12,866.990
Dist. Realized
Date Loss
06/25/99 26,506.10
06/25/99 32,546.55
05/25/99 30,985.57
05/25/99 46,260.06
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
01/00/00 0.00
Current To 59,052.65
Cumulative 136,298.28
Other Related Information
Pool Summary Information
Component
ARM Loans Aggregate Amount of Collections 2157122.23
HIGH LTV Loans Aggregate Amount of Collections 2076004.06
ARM Pool Available Funds 2140133.83
HIGH LTV Pool Available Funds 2055048.94
ARM Pool Net Monthly Excess Cashflows 109610.34
HIGH LTV Pool Net Monthly Excess Cashflows 495416.45
Arm Basis Risk Shortfall Carry Forward Amt on A-1 Bo 0
High LTV Basis Risk Shortfall Carry Forward Amt on A 0
Agg. Unpaid Int. Shortfall on A-1 Bonds for prior pa 0
Agg. Unpaid Int. Shortfall on A-2 Bonds for prior pa 0
Aggregate Principal Prepayment Amount on the Class A 1385651.15
Aggregate Principal Prepayment Amount on the Class A 1056986.02
Ending Aggregate Principal Balance of Mortgage Loans 192443527.9
Ending Loan Count
Principal
Adjustable Loan Pool Scheduled Principal Balance 94128.08
High LTV Loan Pool Scheduled Principal Balance 94202.09
Adjustable Loan Pool Unscheduled Principal Balance 1394804.71
High LTV Loan Pool Unscheduled Principal Balance 1171413.3
Aggregate Pool Scheduled Principal Balance 188330.17
Aggregate Pool Unscheduled Principal Balance 2582258.81
Shortfalls
Class A-1 Bond Shortfalls 0.00
Class A-2 Bond Shortfalls 0.00
Insured Amount
Current Insured Amt. Paid by Bond Insurer under Bond 0.00
Agg. Insured Amt. Paid by Bond Insurer under Bond In 0.00
Over Collateralization and Net Monthly Excess Cashflow
ARM Pool Required Overcollateralization Amount 2,789,858.72
HIGH LTV Pool Required Overcollateralization Amount 12,819,770.56
ARM Pool Overcollateralization Amount 2,789,859.05
HIGH LTV Pool Overcollateralization Amount 12,819,770.56
ARM Pool Net Monthly Excess Cashflow 109,610.34
HIGH LTV Pool Net Monthly Excess Cashflow 423,949.10
ARM Pool Excess Overcollateralization Amount 0.33
HIGH LTV Pool Excess Overcollateralization Amount 0.00
High LTV and ARM Ending Balance and Count
High LTV Ending Balance 72,975,566.51
Arm Ending Balance 119,467,961.36
High LTV Ending Count 1895
Arm Ending Count 652
Reserve Fund
ARM Pool Reserve Fund Addition 0.00
HIGH LTV Pool Reserve Fund Addition 0.00
Reserve Fund Release Amount 0.00
Reserve Fund Certificate Payment Amount 0.00
Advances and Compensating Interest
Principal Advances 77,073.05
Interest Advances 729,396.38
Compensating Interest Payments 0.00
Realized Losses
Current Period Total Realized Losses 59,052.65
Aggregate Total Realized Losses 136,298.28
Class A-1 Current Period Realized Losses 0.00
Class A-2 Current Period Realized Losses 59,052.65
Class A-1 Aggregate Realized Losses 0.00
Class A-2 Aggregate Realized Losses 136,298.28
Repurchases
Current Repurchase Balance 0.00
Prior Aggregate Repurchase Balance 0.00
Aggregate Repurchase Balance 0.00
Number of Current Repurchased Loans 0
Prior Aggregate Number of Repurchased Loans 0
Aggregate Number of Repurchased Loans 0
Percentages
Cumulative Loss Percentage 0.068%
Delinquency Percentage 1.907%
Rolling Delinquency Percentage 0.523%
Miscellaneous
Book Value of any REO Property 0.00
Amount of Prepayment Interest Shortfall for Current 5,789.78
Relief Act Shortfalls for Current Period 0.00
Agg. Prin Bal on Defaulted or Coverted Mort. Loans 0.00
_