-----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, BhMxb3EFfZE6zAIgvYX2c28FjfV+bNZ7DST7uPg60wNZwvAYJ/KTq9UYx67IMS3Q J5RAUqOSh5Vj7Z/wgWPk6A== 0001056404-99-000383.txt : 19990712 0001056404-99-000383.hdr.sgml : 19990712 ACCESSION NUMBER: 0001056404-99-000383 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990625 ITEM INFORMATION: FILED AS OF DATE: 19990709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITY CAPITAL HOME LOAN TRUST 1999-1 CENTRAL INDEX KEY: 0001087006 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-67329-03 FILM NUMBER: 99661624 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842248 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 UNITED STATES 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): June 25, 1999 CITY CAPITAL HOME LOAN TRUST Mortgage Pass-Through Certificates, 1999-1 New York (governing law of 333-67329-03 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction c/o Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway 21044 Columbia, Maryland (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On June 25, 1999 a distribution was made to holders of CITY CAPITAL HOME LOAN TRUST Mortgage Pass-Through Certificates, 1999-1 ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description Monthly report distributed to holders of EX-99.1 Mortgage Pass-Through Certificates, 1999-1 relating to the June 25, 1999 distribution. 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 hereunto duly authorized. CITY CAPITAL HOME LOAN TRUST Mortgage Pass-Through Certificates, 1999-1 By: Wilmington Trust Co., as Owner Trustee By: /s/ Robert P. Hines Jr., Officer By: Robert P. Hines Jr., Officer Date: 7/2/99 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 1999-1, relating to the June 25, 1999 distribution. EX-99.1 2
CITY CAPITAL HOME LOAN TRUST Mortgage Pass-Through Certificates Record Date: 5/31/99 Distribution Date: 6/25/99 CCH Series: 1999-1 Contact: Customer Service Norwest Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 846-8152 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 177766AL6 SEQ 6.85000% 238,236,000.00 1,359,930.50 2,131,434.89 OC CCH9901OC SUB 0.00000% 23,273,912.20 0.00 0.00 TRST SEQ 0.00000% 0.00 0.00 0.00 Totals 261,509,912.20 1,359,930.50 2,131,434.89
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 236,104,565.11 3,491,365.39 0.00 OC 0.00 24,182,715.86 0.00 0.00 TRST 0.00 0.00 0.00 0.00 Totals 0.00 260,287,280.97 3,491,365.39 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. Edward M. Frere, Jr. Vice President, Norwest Bank Minnesota, N.A.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 238,236,000.00 238,236,000.00 343,584.56 1,787,850.33 0.00 0.00 OC 23,273,912.20 23,273,912.20 0.00 0.00 0.00 0.00 TRST 0.00 0.00 0.00 0.00 0.00 0.00 Totals 261,509,912.20 261,509,912.20 343,584.56 1,787,850.33 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 2,131,434.89 236,104,565.11 0.99105326 2,131,434.89 OC 0.00 24,182,715.86 1.03904817 0.00 TRST 0.00 0.00 0.00000000 0.00 Totals 2,131,434.89 260,287,280.97 0.99532472 2,131,434.89
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 238,236,000.00 1000.00000000 1.44220252 7.50453471 0.00000000 OC 23,273,912.20 1000.00000000 0.00000000 0.00000000 0.00000000 TRST 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 8.94673723 991.05326277 0.99105326 8.94673723 OC 0.00000000 0.00000000 1,039.04816913 1.03904817 0.00000000 TRST 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 238,236,000.00 6.85000% 238,236,000.00 1,359,930.50 0.00 0.00 OC 23,273,912.20 0.00000% 23,273,912.20 0.00 0.00 0.00 TRST 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 261,509,912.20 1,359,930.50 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 1,359,930.50 0.00 236,104,565.11 OC 0.00 0.00 0.00 0.00 24,182,715.86 TRST 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,359,930.50 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 238,236,000.00 6.85000% 1000.00000000 5.70833333 0.00000000 0.00000000 OC 23,273,912.20 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 TRST 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 Denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 5.70833333 0.00000000 991.05326277 OC 0.00000000 0.00000000 0.00000000 0.00000000 1039.04816913 TRST 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,797,766.73 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Total Deposits 3,797,766.73 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 306,401.34 Payment of Interest and Principal 3,491,365.39 Total Withdrawals (Pool Distribution Amount) 3,797,766.73 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 217,924.92 Custodial Fee 0.00 Trustee Fee 1,985.30 Pool Insurance Fee 63,609.00 Master Servicing Fee 20,702.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 304,222.09
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance MBIA Insurance 0.00 0.00 0.00 0.00
DELINQUENCY STATUS Percentage Delinquent Based On Current Unpaid Number Principal Number Unpaid Of Loans Balance Of Loans Balance 30 Days 25 880,568.43 0.356125% 0.338306% 60 Days 0 0.00 0.000000% 0.000000% 90+ Days 0 0.00 0.000000% 0.000000% Foreclosure 0 0.00 0.000000% 0.000000% REO 0 0.00 0.000000% 0.000000% Totals 25 880,568.43 0.356125% 0.338306%
OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 11.816618% Weighted Average Net Coupon 10.816618% Weighted Average Pass-Through Rate 10.410623% Weighted Average Maturity(Stepdown Calculation ) 246 Beginning Scheduled Collateral Loan Count 7,038 Number Of Loans Paid In Full 18 Ending Scheduled Collateral Loan Count 7,020 Beginning Scheduled Collateral Balance 261,509,912.20 Ending Scheduled Collateral Balance 260,287,280.97 Ending Actual Collateral Balance at 31-May-1999 260,287,280.97 Monthly P &I Constant 2,918,553.68 Class A Optimal Amount 0.00 Ending Scheduled Balance for Premium Loans 260,287,280.97 Scheduled Principal 343,584.56 Unscheduled Principal 879,046.49 Required Overcollaterized Amount 0.00 Overcollaterized Increase Amount 908,803.84 Overcollaterized reduction Amount 0.00 Specified O/C Amount 36,611,387.68 Overcollateralized Amount 23,273,912.02 Overcollateralized Deficiency Amount 13,337,475.66 Base Overcollateralized Amount 2,615,099.12 Extra principal distribution Amount 908,803.84 Excess Cash Amount 908,803.84
Aggregate Balance - 3 Largest Loans 308,977.67 Deliquency Loss Factor 220,142.11 Rolling 3 Month Avg Annualized Loss 0.000% Rolling 3 Month Delinquent Percentage 0.000% Rolling 3 Month Expected Loss 220,142.11 Total Expected Loss 220,142.11 Cummulative Loss Percentage 0.000% Delinquency Percentage 0.000% Rolling Loss Percentage 0.000% Aggregate Balance of Repurchases 0.00 Aggregate Repurchases - 3 Months 0.00 Delinquent Current Percentage of Loans Modified 0.00% Cummulative Percentage of Loans Modified 0.000%
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