Monthly Payment Statement for American Residential Eagle Bond Trust 1999-2 (August 25, 2000)

Contract Categories: Business Finance › Trust Agreements
Summary

This statement details the monthly distributions to certificateholders of the American Residential Eagle Bond Trust 1999-2, administered by Norwest Bank Minnesota, N.A. It covers interest and principal payments for Collateralized Home Equity Bonds, Series 1999-2, as of July 31, 2000, with distributions made on August 25, 2000. The document summarizes the amounts paid to each bond class, the remaining balances, and confirms that all calculations were made according to the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f65349ex10-1.txt MONTHLY PAYMENT STATEMENT, DATED AUGUST 25, 2000 1 EXHIBIT 10.1 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
EXHIBIT 10.1 Certificateholder Distribution Summary
======================================================================================================== Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution ======================================================================================================== A-1 02926NAB2 SEQ 6.96000% 281,648,678.33 1,688,014.41 4,854,102.20 A-2 02926NAC0 SEQ 7.09000% 54,045,332.80 319,317.84 601,127.89 INV_CERT AMINV1992 SEQ 0.00000% 10,443,382.06 0.00 0.00 ======================================================================================================== Totals 346,137,393.19 2,007,332.25 5,455,230.09 ========================================================================================================
============================================================================= Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses ============================================================================= A-1 0.00 276,794,576.13 6,542,116.61 0.00 A-2 0.00 53,444,204.91 920,445.73 0.00 INV_CERT 0.00 10,844,795.18 0.00 0.00 ============================================================================= Totals 0.00 341,083,576.22 7,462,562.34 0.00 =============================================================================
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee 2 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Principal Distribution Statement
================================================================================================= Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss(1) ================================================================================================= A-1 332,350,000.00 281,648,678.33 171,080.48 4,683,021.72 0.00 0.00 A-2 61,750,000.00 54,045,332.80 54,380.15 546,747.74 0.00 0.00 INV_CERT 10,223,416.68 10,443,382.06 0.00 0.00 0.00 0.00 ================================================================================================= Totals 404,323,416.68 346,137,393.19 225,460.63 5,229,769.46 0.00 0.00 =================================================================================================
============================================================================== Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution ============================================================================== A-1 4,854,102.20 276,794,576.13 0.83284061 4,854,102.20 A-2 601,127.89 53,444,204.91 0.86549320 601,127.89 INV_CERT 0.00 10,844,795.18 1.06077993 0.00 ============================================================================== Totals 5,455,230.09 341,083,576.22 0.84359095 5,455,230.09 ==============================================================================
(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. 3 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Principal Distribution Factors Statement
=================================================================================================== Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class(2) Amount Balance Distribution Distribution Accretion Loss(3) =================================================================================================== A-1 332,350,000.00 847.44600069 0.51475998 14.09063253 0.00000000 0.00000000 A-2 61,750,000.00 875.22806154 0.88065020 8.85421441 0.00000000 0.00000000 INV_CERT 10,223,416.68 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ===================================================================================================
============================================================================ Total Ending Ending Total Principal Certificate Certificate Principal Class(2) Reduction Balance Percentage Distribution ============================================================================ A-1 14.60539251 832.84060818 0.83284061 14.60539251 A-2 9.73486462 865.49319692 0.86549320 9.73486462 INV_CERT 0.00000000 0.00000000 1.06077993 0.00000000 ============================================================================
(2) All Denominations Are Per $1,000. (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 4 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Interest Distribution Statement
=================================================================================================== Beginning Payment of Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall =================================================================================================== A-1 332,350,000.00 6.96000% 281,648,678.33 1,688,014.41 0.00 0.00 A-2 61,750,000.00 7.09000% 54,045,332.80 319,317.84 0.00 0.00 INV_CERT 10,223,416.68 0.00000% 10,443,382.06 0.00 0.00 0.00 =================================================================================================== Totals 404,323,416.68 2,007,332.25 0.00 0.00 ===================================================================================================
====================================================================================== Non- Remaining Ending Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses(4) Distribution Shortfall Balance ====================================================================================== A-1 0.00 0.00 1,688,014.41 0.00 276,794,576.13 A-2 0.00 0.00 319,317.84 0.00 53,444,204.91 INV_CERT 0.00 0.00 0.00 0.00 10,844,795.18 ====================================================================================== Totals 0.00 0.00 2,007,332.25 0.00 ======================================================================================
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 5 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
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-1 332,350,000.00 6.96000% 847.44600069 5.07902636 0.00000000 0.00000000 A-2 61,750,000.00 7.09000% 875.22806154 5.17113911 0.00000000 0.00000000 INV_CERT 10,223,416.68 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 =============================================================================================
=================================================================================== Non- Remaining Ending Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class(5) Shortfall Losses(6) Distribution Shortfall Balance =================================================================================== A-1 0.00000000 0.00000000 5.07902636 0.00000000 832.84060818 A-2 0.00000000 0.00000000 5.17113911 0.00000000 865.49319692 INV_CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ===================================================================================
(5) All Denominations Are Per $1,000. (6) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 6 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Certificateholder Component Statement
================================================================================================================================== Component Pass- Beginning Notional Ending Notional Beginning Component Ending Component Ending Component Class Through Rate Balance Balance Balance Balance Percentage ================================================================================================================================== FEE 1,200.00000% 57,395.32 56,455.68 0.00 0.00 83.73263131% ==================================================================================================================================
7 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Certificateholder Account Statement ================================================================================ CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 7,787,771.38 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (26,087.79) Total Deposits 7,761,683.59 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 299,121.25 Payment of Interest and Principal 7,462,562.34 Total Withdrawals (Pool Distribution Amount) 7,761,683.59 Ending Balance 0.00
================================================================================ ================================================================================ OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------- Financial Guaranty 0.00 0.00 0.00 0.00 Financial Guaranty 0.00 0.00 0.00 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 144,223.91 Management Fee 1,000.00 FSA Group 1 Premium 49,288.52 FSA Group 2 Premium 8,106.80 PMI Group 1 Fee 85,228.17 PMI Group 2 Fee 11,273.85 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 299,121.25 ==========
================================================================================ 8 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Certificateholder Delinquency/Credit Enhancement Statement
- ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 64 5,596,147.03 30 Days 4 563,106.94 30 Days 2 81,084.99 60 Days 9 1,177,458.79 60 Days 3 107,541.71 60 Days 27 1,979,542.53 90 Days 4 344,994.88 90 Days 1 67,668.48 90 Days 17 1,381,925.63 120 Days 2 232,265.34 120 Days 2 116,462.57 120 Days 13 1,725,299.29 150 Days 0 0.00 150 Days 1 77,396.48 150 Days 15 1,689,035.09 180 Days 2 115,901.32 180 Days 24 1,978,379.48 180 Days 55 4,131,020.77 ----------- ------------ ----------- ------------ ----------- ------------- 81 7,466,767.36 35 2,910,555.66 129 10,987,908.30 NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 1.944698% 1.639395% 30 Days 0.121544% 0.164963% 30 Days 0.060772% 0.023754% 60 Days 0.273473% 0.344937% 60 Days 0.091158% 0.031504% 60 Days 0.820419% 0.579908% 90 Days 0.121544% 0.101066% 90 Days 0.030386% 0.019824% 90 Days 0.516560% 0.404836% 120 Days 0.060772% 0.068042% 120 Days 0.060772% 0.034118% 120 Days 0.395017% 0.505428% 150 Days 0.000000% 0.000000% 150 Days 0.030386% 0.022673% 150 Days 0.455789% 0.494804% 180 Days 0.060772% 0.033953% 180 Days 0.729262% 0.579568% 180 Days 1.671225% 1.210185% ----------- ------------ ----------- ------------ ----------- ------------- 2.461258% 2.187394% 1.063507% 0.852649% 3.919781% 3.218915% - ------------------------------------------------------------------------------------------------------------------------------------
9 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Certificateholder Delinquency/Credit Enhancement Statement -- CONTINUED
- ------------------------------------------------------------------------------------------------------------------ REO TOTAL - ------------------------------------------------------------------------------------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0 0.00 30 Days 70 6,240,338.96 60 Days 0 0.00 60 Days 39 3,264,543.03 90 Days 0 0.00 90 Days 22 1,794,588.99 120 Days 1 50,965.85 120 Days 18 2,124,993.05 150 Days 0 0.00 150 Days 16 1,766,431.57 180 Days 13 1,076,965.71 180 Days 94 7,302,267.28 -------------- --------------- ------------- --------------- 14 1,127,931.56 259 22,493,162.88 NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0.000000% 0.000000% 30 Days 2.127013% 1.828111% 60 Days 0.000000% 0.000000% 60 Days 1.185050% 0.956350% 90 Days 0.000000% 0.000000% 90 Days 0.668490% 0.525726% 120 Days 0.030386% 0.014930% 120 Days 0.546946% 0.622518% 150 Days 0.000000% 0.000000% 150 Days 0.486174% 0.517477% 180 Days 0.395017% 0.315498% 180 Days 2.856275% 2.139204% -------------- --------------- ------------- --------------- 0.425403% 0.330428% 7.869948% 6.589387% - ------------------------------------------------------------------------------------------------------------------
(7) The bankruptcy category contains those loans that are delinquent and in bankruptcy status. Please see page 11 for loan count and balance for all loans in bankruptcy. Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 125,675.73 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
10 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Delinquency Status by Group GROUP 1
- ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 40 3,738,862.74 30 Days 4 563,106.94 30 Days 2 81,084.99 60 Days 9 1,177,458.79 60 Days 0 0.00 60 Days 21 1,583,593.15 90 Days 2 171,409.80 90 Days 1 67,668.48 90 Days 12 940,817.02 120 Days 2 232,265.34 120 Days 2 116,462.57 120 Days 12 1,228,426.73 150 Days 0 0.00 150 Days 1 77,396.48 150 Days 12 1,496,353.48 180 Days 2 115,901.32 180 Days 18 1,607,289.81 180 Days 39 3,190,184.35 ---------- -------------- ----------- --------------- --------- ------------- 55 5,435,897.99 26 2,431,924.28 98 8,520,459.72 NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 1.540832% 1.304637% 30 Days 0.154083% 0.196490% 30 Days 0.077042% 0.028294% 60 Days 0.346687% 0.410862% 60 Days 0.000000% 0.000000% 60 Days 0.808937% 0.552578% 90 Days 0.077042% 0.059812% 90 Days 0.038521% 0.023612% 90 Days 0.462250% 0.328288% 120 Days 0.077042% 0.081047% 120 Days 0.077042% 0.040638% 120 Days 0.462250% 0.428647% 150 Days 0.000000% 0.000000% 150 Days 0.038521% 0.027007% 150 Days 0.462250% 0.522137% 180 Days 0.077042% 0.040443% 180 Days 0.693374% 0.560847% 180 Days 1.502311% 1.113182% --------- ------------- ---------- -------------- -------- ------------ 1.896800% 1.001541% 0.848595% 3.775039% 2.973126% - ------------------------------------------------------------------------------------------------------------------------------------
11 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Delinquency Status by Group -- CONTINUED GROUP 1 -- CONTINUED
- ------------------------------------------------------------------------------------------------------------------ REO TOTAL - ------------------------------------------------------------------------------------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0 0.00 30 Days 46 4,383,054.67 60 Days 0 0.00 60 Days 30 2,761,051.94 90 Days 0 0.00 90 Days 15 1,179,895.30 120 Days 0 0.00 120 Days 16 1,577,154.64 150 Days 0 0.00 150 Days 13 1,573,749.96 180 Days 12 1,045,501.62 180 Days 71 5,958,877.10 ----------- ---------------- ------------- --------------- 12 1,045,501.62 191 17,433,783.61 NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0.000000% 0.000000% 30 Days 1.771957% 1.529421% 60 Days 0.000000% 0.000000% 60 Days 1.155624% 0.963440% 90 Days 0.000000% 0.000000% 90 Days 0.577812% 0.411712% 120 Days 0.000000% 0.000000% 120 Days 0.616333% 0.550332% 150 Days 0.000000% 0.000000% 150 Days 0.500770% 0.549144% 180 Days 0.462250% 0.364817% 180 Days 2.734977% 2.079288% ---------- --------------- ------------ -------------- 0.462250% 0.364817% 7.357473% 6.083338% - ------------------------------------------------------------------------------------------------------------------
12 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Delinquency Status by Group -- CONTINUED GROUP 2
- ------------------------------------------ ------------------------------------- ------------------------------------ DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------ ------------------------------------- ------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 24 1,857,284.29 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 3 107,541.71 60 Days 6 395,949.38 90 Days 2 173,585.08 90 Days 0 0.00 90 Days 5 441,108.61 120 Days 0 0.00 120 Days 0 0.00 120 Days 1 496,872.56 150 Days 0 0.00 150 Days 0 0.00 150 Days 3 192,681.61 180 Days 0 0.00 180 Days 6 371,089.67 180 Days 16 940,836.42 ----------- ---------------- ------------ ----------- -------- ------------ 26 2,030,869.37 9 478,631.38 31 2,467,448.58 NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 3.453237% 3.390944% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.431655% 0.196345% 60 Days 0.863309% 0.722906% 90 Days 0.287770% 0.316924% 90 Days 0.000000% 0.000000% 90 Days 0.719424% 0.805356% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.143885% 0.351789% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.431655% 0.907167% 180 Days 0.000000% 0.000000% 180 Days 0.863309% 0.677518% 180 Days 2.302158% 1.717736% ---------- --------------- ---------- ----------- -------- ------------ 3.741007% 3.707868% 1.294964% 0.873863% 4.460432% 4.504954% - ----------------------------------------- ------------------------------------- ------------------------------------
13 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
Delinquency Status by Group -- CONTINUED GROUP 2 -- CONTINUED
- ------------------------------------------- ----------------------------------------------- REO TOTAL - ------------------------------------------- ----------------------------------------------- NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0 0.00 30 Days 24 1,857,284.29 60 Days 0 0.00 60 Days 9 503,491.09 90 Days 0 0.00 90 Days 7 614,693.69 120 Days 1 50,965.85 120 Days 2 547,838.41 150 Days 0 0.00 150 Days 3 192,681.61 180 Days 1 31,464.09 180 Days 23 1,343,390.18 ----------- ---------------- ------------- --------------- 2 82,429.94 68 5,059,379.27 NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0.000000% 0.000000% 30 Days 3.453237% 3.390944% 60 Days 0.000000% 0.000000% 60 Days 1.294964% 0.919251% 90 Days 0.000000% 0.000000% 90 Days 1.007194% 1.122279% 120 Days 0.143885% 0.093051% 120 Days 0.287770% 1.000218% 150 Days 0.000000% 0.000000% 150 Days 0.431655% 0.351789% 180 Days 0.143885% 0.057446% 180 Days 3.309353% 2.452700% ---------- --------------- ------------ -------------- 0.287770% 0.150497% 9.784173% 9.237182% - ------------------------------------------- -----------------------------------------------
======================================================================================================================= Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02473268% 100,000.00 0.02931833% Fraud 12,129,702.50 3.00000000% 12,129,702.50 3.55622591% Special Hazard 4,043,234.17 1.00000000% 4,043,234.17 1.18540864% Limit of Subordinate's Exposure to Certain Types of Losses =======================================================================================================================
14 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
================================================================================ COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 9.478156% Weighted Average Net Coupon 8.982458% Weighted Average Pass-Through Rate 8.445455% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 3,336 Number of Loans Paid in Full 45 Ending Scheduled Collateral Loan Count 3,291 Beginning Scheduled Collateral Balance 346,137,394.11 Ending Scheduled Collateral Balance 341,083,576.29 Ending Actual Collateral Balance at 31-July-2000 341,354,424.35 Monthly P&I Constant 2,959,414.20 Ending Scheduled Balance for Premium Loans 341,083,576.29 Total loans in bankruptcy 49 Total dollar amount of loans in bankruptcy $4,361,445.08 ================================================================================
15 American Residential Eagle Bond Trust 1999-2 Contact: Customer Service Collateralized Home Equity Bonds, Series 1999-2 Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 11000 Broken Land Parkway Distribution Date: 25-August-2000 Columbia, MD 21044 Telephone: (301) 815-6600 Facsimile: (410) 884-2369
=============================================================================================================== Group 1 2 Total Collateral Description Mixed ARM Mixed Fixed Weighted Average Coupon Rate 9.452685 9.612100 Weighted Average Net Rate 8.601025 8.867486 Weighted Average Maturity 345.00 281.00 Record Date 07/31/00 07/31/00 Principal And Interest Constant 2,462,028.50 497,385.70 2,959,414.20 Beginning Loan Count 2,633 703 3,336 Loans Paid In Full 37 8 45 Ending Loan Count 2,596 695 3,291 Beginning Scheduled Balance 290,831,410.07 55,305,984.04 346,137,394.11 Ending Scheduled Balance 286,378,720.14 54,704,856.15 341,083,576.29 Scheduled Principal 171,080.48 54,380.15 225,460.63 Unscheduled Principal 4,281,609.45 546,747.74 4,828,357.19 Scheduled Interest 2,290,948.02 443,005.55 2,733,953.57 Servicing Fee 121,179.75 23,044.16 144,223.91 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 85,228.17 11,273.85 96,502.02 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,084,540.10 408,687.54 2,493,227.64 Realized Loss Amount 26,087.79 0.00 26,087.79 Cumulative Realized Loss 125,089.86 585.87 125,675.73 Percentage of Cumulative Losses 0.00 0.00 0.00 ===============================================================================================================
=============================================================================================================== 1 2 Total Required Overcollateralization Amount 15,854,699.62 1,260,651.24 17,115,350.86 Overcollateralization Increase Amount 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Specified Overcollateralization Amount 15,854,699.62 1,260,651.24 17,115,350.86 Overcollateralization Amount 9,584,143.93 1,260,651.24 10,844,795.17 Overcollateralization Deficiency Amount 6,671,967.88 0.00 6,671,967.88 Base Overcollateralization Amount 7,679,044.23 1,260,651.24 8,939,695.47 Extra Principal Distribution Amount 346,398.16 0.00 346,398.16 Excess Cash Amount 346,398.16 81,101.91 427,500.06 ===============================================================================================================