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: July 26, 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 July 26, 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 July 26, 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 Pa 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 07/26/99
Payment Date: 07/26/99
Prior Payment: 06/25/99
Record Date: 06/30/99
WAC: 9.93%
WAMM: 292
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 121,203,862.00 116,678,102.31
45254NAX5 1000.000000000 962.659938262
A-2 64,875,807.00 60,155,795.95
45254NAY3 1000.000000000 927.245436038
Trust Certific 0.00 0.00
9ABSC196 1000.000000000 0.000000000
186,079,669.00 176,833,898.26
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 1,937,176.69 0.00 0.00
45254NAX5 15.982796736 0.000000000 0.000000000
A-2 1,687,988.92 0.00 0.00
45254NAY3 26.018773377 0.000000000 0.000000000
Trust Certific 0.00 0.00 0.00
9ABSC196 0.000000000 0.000000000 0.000000000
3,625,165.61 0.00 0.00
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 114,740,925.62 551,846.91 0.00
45254NAX5 946.677141525 4.553047245 0.000000000
A-2 58,467,807.03 296,430.22 0.00
45254NAY3 901.226662660 4.569195108 0.000000000
Trust Certific 0.00 463,124.42 0.00
9ABSC196 0.000000000 2.488850192 0.000000000
173,208,732.65 1,311,401.55 0.00
Total P&I Payment 4,936,567.16
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 5.49250000%
45254NAX5 5.56375000%
A-2 5.72250000%
45254NAY3 5.79375000%
Trust Certificate
9ABSC196
Asset Backed Facts - Pool Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
07/26/99 139 8,560,782 32
5.46% 4.448% 1.26%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
07/26/99 1,629,814 31 1,314,865
0.847% 1.22% 0.683%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
07/26/99 0 0 0
0.00% 0.000% 0.00%
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%
Distribution Modifications
Date Balance # Balance
07/26/99 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
07/26/99 47 3,336,009 9.9347%
1.85% 1.734% 0.00%
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%
Distribution
Date Remit
07/26/99 9.1189%
0.000%
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%
Asset Backed Facts - Group 1 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
07/26/99 25 4,530,391 4
3.83% 3.792% 0.61%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
07/26/99 535,075 0 0
0.448% 0.00% 0.000%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
07/26/99 0 0 0
0.00% 0.000% 0.00%
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%
Distribution Modifications
Date Balance # Balance
07/26/99 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
07/26/99 12 1,840,597 7.5183%
1.84% 1.541% 0.00%
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%
Distribution
Date Remit
07/26/99 6.6710%
0.000%
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%
Asset Backed Facts - Group 2 Total
Distributi Delinq 1 Month Delinq 2 Months
Date # Balance #
07/26/99 114 4,030,391 28
6.02% 5.523% 1.48%
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%
Distribution Delinq 3+ Months
Date Balance # Balance
07/26/99 1,094,739 31 1,314,865
1.500% 1.64% 1.802%
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%
Distributi Foreclosure/Bankruptcy REO
Date # Balance #
07/26/99 0 0 0
0.00% 0.000% 0.00%
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%
Distribution Modifications
Date Balance # Balance
07/26/99 0 0 0
0.000% 0.00% 0.000%
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%
Distributi Prepayments Curr Weighted Avg.
Date # Balance Coupon
07/26/99 35 1,495,412 13.8905%
1.85% 2.049% 0.00%
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%
Distribution
Date Remit
07/26/99 13.1263%
0.000%
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
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
07/26/99 1800017772NA NA
07/26/99 1800015953NA NA
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
01/00/00 0 0 0
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%
07/26/99 62,903.81 0.00 0.000%
07/26/99 47,261.60 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%
07/26/99 3,069.00 -3,069.000 -4.879%
07/26/99 2,934.90 -2,934.900 -6.210%
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 6,003.90 -6,003.900
Cumulative 15,001.16 6,863.090
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
07/26/99 65,972.81
07/26/99 50,196.50
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 116,169.31
Cumulative 252,467.59
Other Related Information
Pool Summary Information
Component
ARM Loans Aggregate Amount of Collections 2,602,737.51
HIGH LTV Loans Aggregate Amount of Collections 2,370,931.69
ARM Pool Available Funds 2,586,025.02
HIGH LTV Pool Available Funds 2,350,542.14
ARM Pool Net Monthly Excess Cashflows 97,001.42
HIGH LTV Pool Net Monthly Excess Cashflows 476,288.41
Arm Pool Basis Risk Shortfall Carry Forward Amt. On A-1 0.00
High LTV Pool Basis Risk Shortfall Carry Forward Amt. O 0.00
Agg. Unpaid Int. Shortfall on A-1 Bonds for prior payme 0.00
Agg. Unpaid Int. Shortfall on A-2 Bonds for prior payme 0.00
Aggregate Principal Prepayment Amount on the Class A-1 1,840,597.10
Aggregate Principal Prepayment Amount on the Class A-2 1,385,246.52
Ending Aggregate Principal Balance of Mortgage Loans 188,818,362.26
Ending Loan Count 2500
Principal
Adjustable Loan Pool Scheduled Principal Balance 87,393.82
High LTV Loan Pool Scheduled Principal Balance 65,434.06
Adjustable Loan Pool Unscheduled Principal Balance 1,849,782.87
High LTV Loan Pool Unscheduled Principal Balance 1,512,389.45
Aggregate Pool Scheduled Principal Balance 152,827.88
Aggregate Pool Unscheduled Principal Balance 3,362,172.32
Other Principal Proceeds 33,969.72
Shortfalls
Class A-1 Bond Shortfalls 0.00
Class A-2 Bond Shortfalls 0.00
Insured Amounts
Current Insured amt Paid by Bond Insurer under Bond Ins 0.00
Agg. Insured amt Paid by Bond Insurer under Bond Ins. P 0.00
Over Collateralization and Net Monthly Excess Cashflows
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 97,001.42
HIGH LTV Pool Net Monthly Excess Cashflow 366,123.00
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 71,287,577.59
Arm Ending Balance 117,530,784.67
High LTV Ending Count 1860
Arm Ending Count 640
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 69,790.73
Interest Advances 857,793.33
Compensating Interest Payments 0.00
Realized Losses
Current Period Total Realized Losses 116,169.31
Aggregate Total Realized Losses 252,467.59
Class A-1 Current Period Realized Losses 0.00
Class A-2 Current Period Realized Losses 116,169.31
Class A-1 Aggregate Realized Losses 0.00
Class A-2 Aggregate Realized Losses 252,467.59
Repurchases
Current Repurchase Balance 0.00
Prior Aggregate Repurchase Balance 0.00
Aggregate Repurchase Balance 0.00
Number of Current Repurchased Loans 0.00
Prior Aggregate Number of Repurchased Loans 0.00
Aggregate Number of Repurchased Loans 0.00
Miscellaneous
Book Value of any REO Property 0.00
Amount of Prepayment Interest Shortfall for Current Per 5,718.67
Relief Act Shortfalls for Current Period 0.00
Agg. Prin. Bal of Defaulted or Converted Mtg. Loans 0.00
_