-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QfAIHkuQ1iYQ1jQnqVg/fpT44kY3ctS/CtWK9xisHiglYc3PL7O4IL0UWSJq3+hd KiJoFj7MUCbou6W4ZqXsAg== 0001071787-00-000511.txt : 20000210 0001071787-00-000511.hdr.sgml : 20000210 ACCESSION NUMBER: 0001071787-00-000511 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990725 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWABS INC ASSET BACKED CERTIFICATES SERIES 1999-1 CENTRAL INDEX KEY: 0001080604 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 954449516 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-60823-04 FILM NUMBER: 529278 BUSINESS ADDRESS: STREET 1: 155 N LAKE AVE CITY: PASADENA STATE: CA ZIP: 91110 BUSINESS PHONE: 8183044428 MAIL ADDRESS: STREET 1: 155 N. LAKE AVE STREET 2: MS 10 11 CITY: PASADENA STATE: CA ZIP: 91110 8-K 1 FORM 8-K CURRENT REPORT 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 (Date of earliest event reported): July 25, 1999 CWABS, INC. (Depositor) (Issuer in respect of Asset-Backed Certificates, Series 1999-1) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 155 N. Lake Avenue, Pasadena, CA 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWABS, INC. Asset-Backed Certificates Series 1999-1 On July 25, 1999, The Bank of New York, as Trustee for CWABS, INC., Asset-Backed Certificates Series 1999-1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of February 1, 1999, among CWABS, INC. as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWABS, INC., Asset-Backed Certificates Series 1999-1 relating to the distribution date of July 25, 1999 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of February 1, 1999. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: July 25, 1999 CWABS, INC. By: /s/ Kelly A. Sheahan ------------------------------ Name: Kelly A. Sheahan Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated July 25, 1999 EX-99.1466 2 COMPUTATIONAL MATERIAL Payment Date: 07/25/99 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Certificates, Series 1999-1 ------------------------------------------------------------
Class Information Current Payment Information - ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls - ---------------------------------------------------------------------------------------------------------------------------------- Senior AF1 28,870,334.53 5.995000% 1,373,916.98 144,231.38 1,518,148.36 0.00 0.00 AF2 29,000,000.00 6.160000% 0.00 148,866.67 148,866.67 0.00 0.00 AF3 14,008,000.00 6.815000% 0.00 79,553.77 79,553.77 0.00 0.00 AF4 10,000,000.00 6.370000% 0.00 53,083.33 53,083.33 0.00 0.00 MF1 4,158,000.00 6.760000% 0.00 23,423.40 23,423.40 0.00 0.00 MF2 2,310,000.00 7.255000% 0.00 13,965.88 13,965.88 0.00 0.00 BF 924,000.00 8.840000% 0.00 6,806.80 6,806.80 0.00 0.00 AV1 268,415,608.32 5.402500% 4,509,606.15 1,248,710.42 5,758,316.57 0.00 0.00 MV1 16,380,000.00 5.722500% 0.00 80,715.86 80,715.86 0.00 0.00 MV2 13,104,000.00 6.212500% 0.00 70,101.85 70,101.85 0.00 0.00 BV 13,104,000.00 7.842500% 0.00 88,494.77 88,494.77 0.00 0.00 BFI 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 BVI 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 400,273,942.85 - 5,883,523.13 1,957,954.12 7,841,477.25 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior AF1 27,496,417.52 0.00 AF2 29,000,000.00 0.00 AF3 14,008,000.00 0.00 AF4 10,000,000.00 0.00 MF1 4,158,000.00 0.00 MF2 2,310,000.00 0.00 BF 924,000.00 0.00 AV1 263,906,002.64 0.00 MV1 16,380,000.00 0.00 MV2 13,104,000.00 0.00 BV 13,104,000.00 0.00 BFI 0.00 0.00 BVI 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 394,390,420.16 - - --------------------------------------------------------------------------------
Payment Date: 07/25/99 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Certificates, Series 1999-1 ------------------------------------------------------------
Class Information Current Payment Information Factors per $1,000 - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Senior AF1 28,870,334.53 5.995000% 126671FC5 42.934906 4.507231 859.263047 AF2 29,000,000.00 6.160000% 126671FD3 0.000000 5.133333 1,000.000000 AF3 14,008,000.00 6.815000% 126671FE1 0.000000 5.679167 1,000.000000 AF4 10,000,000.00 6.370000% 126671FF8 0.000000 5.308333 1,000.000000 MF1 4,158,000.00 6.760000% 126671FG6 0.000000 5.633333 1,000.000000 MF2 2,310,000.00 7.255000% 126671FH4 0.000000 6.045833 1,000.000000 BF 924,000.00 8.840000% 126671FJ0 0.000000 7.366667 1,000.000000 AV1 268,415,608.32 5.402500% 126671FK7 15.822513 4.381256 925.946987 MV1 16,380,000.00 5.722500% 126671FL5 0.000000 4.927708 1,000.000000 MV2 13,104,000.00 6.212500% 126671FM3 0.000000 5.349653 1,000.000000 BV 13,104,000.00 7.842500% 126671FN1 0.000000 6.753264 1,000.000000 BFI 0.00 0.000000% N/A 0.000000 0.000000 0.000000 BVI 0.00 0.000000% N/A 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 400,273,942.85 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset-Backed Certificates, Series 1999-1 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Stated principal balance 88,820,487.60 310,523,434.19 399,343,921.79 Loan count 1448 3057 4505 Average loan rate 9.803661% 9.006979% 9.18 Prepayment amount 1,169,263.37 3,452,874.35 4,622,137.72 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Monthly master servicing fees 36,657.35 127,752.86 164,410.21 Monthly sub servicer fees 0.00 0.00 0.00 Monthly trustee fees 0.00 0.00 0.00 Aggregate advances N/A N/A N/A Advances this periods 47,742.84 230,906.42 278,649.26 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Net realized losses (this period) 0.00 0.00 0.00 Cumulative losses (from Cut-Off) 0.00 0.00 0.00 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 400,273,942.85 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 239 19,789,462.96 60 to 89 days 66 4,494,098.01 90 or more 29 2,813,157.89 Foreclosure 41 4,465,649.22 Totals: 375 31,562,368.08 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 7,841,477.25 7,841,477.25 Principal remittance amount 5,883,523.13 5,883,523.13 Interest remittance amount 1,957,954.12 1,957,954.12 -----END PRIVACY-ENHANCED MESSAGE-----