Bank of America Mort SEC Inc Mort Pass THR Cert Ser 1999-2 – ‘8-K’ for 3/25/99 – EX-4

On:  Thursday, 6/3/99   ·   For:  3/25/99   ·   Accession #:  914121-99-544   ·   File #:  333-67267-01

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Current Report   —   Form 8-K
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Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     13K 
 2: EX-4        Pooling and Servicing Agreement                      269±  1.14M 

EX-4   —   Pooling and Servicing Agreement
Exhibit Table of Contents

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================================================================================

  BANK OF AMERICA MORTGAGE SECURITIES, INC.,

 as Depositor,

 NATIONSBANC MORTGAGE CORPORATION,

as Servicer,

 BANK OF AMERICA, FSB,

as Servicer,

 and

 THE BANK OF NEW YORK,

as Trustee

 POOLING AND SERVICING AGREEMENT

Dated March 25, 1999

   -----------------------

Mortgage Pass-Through Certificates

 Series 1999-2

================================================================================

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 TABLE OF CONTENTS

PRELIMINARY STATEMENT.......................................................    

 ARTICLE I

 DEFINITIONS

Section 1.01 Defined Terms.................................................     
Section 1.03 Interest Calculations.........................................     

ARTICLE II  

CONVEYANCE OF MORTGAGE LOANS  
ORIGINAL ISSUANCE OF CERTIFICATES 

Section 2.01  Conveyance of Mortgage Loans..................................    
Section 2.02  Acceptance by the Trustee of the Mortgage Loans...............    
Section 2.03  Representations, Warranties and Covenants of the NMC Servicer.    
Section 2.04  Representations, Warranties and Covenants of the BA Servicer..    
Section 2.05  Representations and Warranties of the Depositor as to the         
            Mortgage Loans..............................................
Section 2.06  Designation of Interests in the REMICs........................    
Section 2.07  Designation of Start-up Day...................................    
Section 2.08  REMIC Certificate Maturity Date...............................    
Section 2.09  Execution and Delivery of Certificates........................    

 ARTICLE III

ADMINISTRATION AND SERVICING
 OF MORTGAGE LOANS

Section 3.01  Servicers to Service Mortgage Loans...........................    
Section 3.02  Subservicing; Enforcement of the Obligations of Servicers.....    
Section 3.03  Fidelity Bond; Errors and Omissions Insurance.................    
Section 3.04  Access to Certain Documentation...............................    
Section 3.05  Maintenance of Primary Mortgage Insurance Policy; Claims......    
Section 3.06  Rights of the Depositor and the Trustee in Respect of the         
            Servicers...................................................
Section 3.07  Trustee to Act as Servicer....................................    
Section 3.08  Collection of Mortgage Loan Payments; Servicer Custodial          
        Accounts; Certificate Account and Upper-Tier Certificate
            Account.....................................................
Section 3.09  Collection of Taxes, Assessments and Similar Items; Escrow        
            Accounts....................................................
Section 3.10  Access to Certain Documentation and Information Regarding the     
            Mortgage Loans..............................................
Section 3.11  Permitted Withdrawals from the Servicer Custodial Accounts,       
            Certificate Account and Upper-Tier Certificate Account......
Section 3.12  Maintenance of Hazard Insurance...............................    
Section 3.13  Enforcement of Due-On-Sale Clauses; Assumption Agreements.....    
Section 3.14  Realization Upon Defaulted Mortgage Loans; REO Property.......    
Section 3.15  Trustee to Cooperate; Release of Mortgage Files...............    
Section 3.16  Documents, Records and Funds in Possession of the Servicers to    
            be Held for the Trustee.....................................
Section 3.17  Servicing Compensation........................................    
Section 3.18  Annual Statement as to Compliance.............................    
Section 3.19  Annual Independent Public Accountants' Servicing Statement;       
            Financial Statements........................................
Section 3.20  Advances......................................................    
Section 3.21  Modifications, Waivers, Amendments and Consents...............    
Section 3.22  Reports to the Securities and Exchange Commission.............    

ARTICLE IV

SERVICER'S CERTIFICATE

Section 4.01  Servicer's Certificate........................................    

 ARTICLE V

  PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS;
REMIC ADMINISTRATION

Section 5.01  Distributions.................................................    
Section 5.02  Priorities of Distribution....................................    
Section 5.03  Allocation of Losses..........................................    
Section 5.04  Statements to Certificateholders..............................    
Section 5.05  Tax Returns and Reports to Certificateholders.................    
Section 5.06  Tax Matters Person............................................    
Section 5.07  Rights of the Tax Matters Person in Respect of the Trustee....    
Section 5.08  REMIC Related Covenants.......................................    

ARTICLE VI

THE CERTIFICATES

Section 6.01  The Certificates..............................................    
Section 6.02  Registration of Transfer and Exchange of Certificates.........    
Section 6.03  Mutilated, Destroyed, Lost or Stolen Certificates.............    
Section 6.04  Persons Deemed Owners.........................................    

 ARTICLE VII

 THE DEPOSITOR AND THE SERVICERS

Section 7.01  Respective Liabilities of the Depositor and the Servicers.....    
Section 7.02  Merger or Consolidation of the Depositor or a Servicer........    
Section 7.03  Limitation on Liability of the Depositor, the Servicers and       
            Others......................................................
Section 7.04  Depositor and Servicers Not to Resign.........................    

ARTICLE VIII

 DEFAULT

Section 8.01  Events of Default.............................................    
Section 8.02  Remedies of Trustee...........................................    
Section 8.03  Directions by Certificateholders and Duties of Trustee During     
            Event of Default............................................
Section 8.04  Action upon Certain Failures of a Servicer and upon Event of      
            Default.....................................................
Section 8.05  Trustee to Act; Appointment of Successor......................    
Section 8.06  Notification to Certificateholders............................    

ARTICLE IX

 THE TRUSTEE

Section 9.01  Duties of Trustee.............................................    
Section 9.02  Certain Matters Affecting the Trustee.........................    
Section 9.03  Trustee Not Liable for Certificates or Mortgage Loans.........    
Section 9.04  Trustee May Own Certificates..................................    
Section 9.05  Eligibility Requirements for Trustee..........................    
Section 9.06  Resignation and Removal of Trustee............................    
Section 9.07  Successor Trustee.............................................    
Section 9.08  Merger or Consolidation of Trustee............................    
Section 9.09  Appointment of Co-Trustee or Separate Trustee.................    
Section 9.10  Authenticating Agents.........................................    
Section 9.11  Trustee's Fees and Expenses...................................    
Section 9.12  [RESERVED]....................................................    
Section 9.13  Paying Agents.................................................    
Section 9.14  Limitation of Liability.......................................    
Section 9.15  Trustee May Enforce Claims Without Possession of Certificates.    
Section 9.16  Suits for Enforcement.........................................    
Section 9.17  Waiver of Bond Requirement....................................    
Section 9.18  Waiver of Inventory, Accounting and Appraisal Requirement.....    
Section 9.19  Year 2000 Compliance..........................................    

   ARTICLE X

   TERMINATION

Section 10.01  Termination upon Purchase by the Depositor or Liquidation of     
             All Mortgage Loans.........................................
Section 10.02  Additional Termination Requirements..........................    

ARTICLE XI

MISCELLANEOUS PROVISIONS

Section 11.01  Amendment....................................................    
Section 11.02  Recordation of Agreement.....................................    
Section 11.03  Limitation on Rights of Certificateholders...................    
Section 11.04  Governing Law................................................    
Section 11.05  Notices......................................................    
Section 11.06  Severability of Provisions...................................    
Section 11.07  Certificates Nonassessable and Fully Paid....................    
Section 11.08  Access to List of Certificateholders.........................    
Section 11.09  Recharacterization...........................................    

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EXHIBITS                                                                        

Exhibit A-1       -     Form of Face of Class A-1 Certificate                   
Exhibit A-2       -     Form of Face of Class A-2 Certificate                   
Exhibit A-3       -     Form of Face of Class A-3 Certificate                   
Exhibit A-4       -     Form of Face of Class A-4 Certificate                   
Exhibit A-5       -     Form of Face of Class A-5 Certificate                   
Exhibit A-6       -     Form of Face of Class A-6 Certificate                   
Exhibit A-7       -     Form of Face of Class A-7 Certificate                   
Exhibit A-8       -     Form of Face of Class A-8 Certificate                   
Exhibit A-9       -     Form of Face of Class A-9 Certificate                   
Exhibit A-10      -     Form of Face of Class A-10 Certificate                  
Exhibit A-11      -     Form of Face of Class A-11 Certificate                  
Exhibit A-12      -     Form of Face of Class A-12 Certificate                  
Exhibit A-13      -     Form of Face of Class A-13 Certificate                  
Exhibit A-14      -     Form of Face of Class A-14 Certificate                  
Exhibit A-PO      -     Form of Face of Class A-PO Certificate                  
Exhibit A-R       -     Form of Face of Class A-R Certificate                   
Exhibit A-LR      -     Form of Face of Class A-LR Certificate                  
Exhibit B-1       -     Form of Face of Class B-1 Certificate                   
Exhibit B-2       -     Form of Face of Class B-2 Certificate                   
Exhibit B-3       -     Form of Face of Class B-3 Certificate                   
Exhibit B-4       -     Form of Face of Class B-4 Certificate                   
Exhibit B-5       -     Form of Face of Class B-5 Certificate                   
Exhibit B-6       -     Form of Face of Class B-6 Certificate                   
Exhibit C         -     Form of Reverse of all Certificates                     
Exhibit D-1       -     BA Mortgage Loan Schedule                               
Exhibit D-2       -     NMC Mortgage Loan Schedule                              
Exhibit E         -     Request for Release of Documents                        
Exhibit F         -     Form of Certification of Establishment of Account       
Exhibit G-1       -     Form of Transferor's Certificate                        
Exhibit G-2A      -     Form 1 of Transferee's Certificate                      
Exhibit G-2B      -     Form 2 of Transferee's Certificate                      
Exhibit H         -     Form of Transferee Representation Letter                
-       for ERISA Restricted Certificates   
Exhibit I         -     Form of Affidavit Regarding Transfer of                 
-       Residual Certificates               
Exhibit J         -     Contents of Servicing File                              
Exhibit K         -     PAC and TAC Tables                                      

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 POOLING AND SERVICING AGREEMENT

            THIS  POOLING AND  SERVICING  AGREEMENT,  dated March 25,  1999,  is
hereby  executed  by and among BANK OF AMERICA  MORTGAGE  SECURITIES,  INC.,  as
depositor (together with its permitted successors and assigns, the "DEPOSITOR"),
NATIONSBANC  MORTGAGE  CORPORATION,  as servicer  (together  with its  permitted
successors and assigns, the "NMC SERVICER"),  BANK OF AMERICA,  FSB, as servicer
(together  with its permitted  successors  and assigns,  the "BA SERVICER"  and,
together with the NMC Servicer,  the "SERVICERS"),  and THE BANK OF NEW YORK, as
trustee (together with its permitted successors and assigns, the "TRUSTEE").    

  W I T N E S S E T H T H A T:

            In  consideration of the mutual  agreements  herein  contained,  the
Depositor, the NMC Servicer, the BA Servicer and the Trustee agree as follows:  

 PRELIMINARY STATEMENT

            In exchange for the  Certificates,  the Depositor hereby conveys the
Trust  Estate to the Trustee to create the Trust.  The Trust  Estate for federal
income tax  purposes  will be  treated  as two  separate  real  estate  mortgage
investment   conduits  (the  "UPPER-TIER  REMIC"  and  the  "LOWER-TIER  REMIC,"
respectively,  and each, a "REMIC").  The Class A  Certificates  (other than the
Class A-14, Class A-R and Class A-LR  Certificates) and the Class B Certificates
are referred to collectively as the "REGULAR  CERTIFICATES" and shall constitute
"regular  interests" in the Upper-Tier REMIC. The Class A-14 PAC IO A Component,
the Class A-14 PAC IO B Component,  the Class A-14 PAC Component, the Class A-14
TAC  IO  Component  and  the  Class  A-14  TAC  Component   (collectively,   the
"Components") shall also constitute "regular interests" in the Upper-Tier REMIC.
The Uncertificated Lower-Tier Interests shall constitute the "regular interests"
in the  Lower-Tier  REMIC.  The Class  A-R  Certificate  shall be the  "residual
interest" in the Upper-Tier  REMIC and the Class A-LR  Certificate  shall be the
"residual interest" in the Lower-Tier REMIC. The Certificates will represent the
entire beneficial ownership interest in the Trust. The "latest possible maturity
date" for federal  income tax purposes of all interests  created  hereby will be
the REMIC Certificate Maturity Date.                                            

            The following table sets forth  characteristics  of the Certificates
and the  Components,  together  with  the  minimum  denominations  and  integral
multiples  in excess  thereof  in which the  Classes  of  Certificates  shall be
issuable  (except  that one  Certificate  of each Class of  Certificates  may be
issued in any amount in excess of the minimum denomination):                    

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============== =============== ============= ============== ===============     
                                                Integral
    Initial Class                                Multiples
    Certificate     Pass-Through  Minimum        in Excess
Classes        Balance         Rate          Denomination   of Minimum          
-------------- --------------- ------------- -------------- ---------------     
Class A-1      $100,000,000.00 6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-2      $100,000,000.00 6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-3      $26,800,000.00  6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-4      $4,826,000.00   6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-5      $7,621,000.00   6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-6      $6,009,000.00   6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-7      $8,456,429.00   6.90%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-8      $3,382,571.00   5.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-9      $325,000.00     6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-10     $11,199,000.00  6.50%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-11     $50,559,000.00  5.75%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-12     $48,883,000.00  5.90%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-13     $76,367,000.00  6.35%         $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-14     $35,184,000.00  (1)           $1,000         $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-PO     $748.966.00     (2)           $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Class A-R      $100.00         6.50%         $100           N/A                 
-------------- --------------- ------------- -------------- ---------------     
Class A-LR     $100.00         6.50%         $100           N/A                 
-------------- --------------- ------------- -------------- ---------------     
Class B-1      $10,758,098.00  6.50%         $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Class B-2      $3,752,825.00   6.50%         $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Class B-3      $1,751,319.00   6.50%         $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Class B-4      $1,751,319.00   6.50%         $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Class B-5      $1,000,754.00   6.50%         $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Class B-6      $1,001,140.77   6.50%         $25,000        $1                  
-------------- --------------- ------------- -------------- ---------------     
Components     Initial         Component                                        
Component       Rate                              
Balance or                                        
Notional                                          
Amount                                            
-------------- --------------- ------------- -------------- ---------------     
Class A-14     $5,833,731.00   6.50%         N/A            N/A                 
PAC IO A                                                                        
-------------- --------------- ------------- -------------- ---------------     
Class A-14     $4,512,277.00   6.50%         N/A            N/A                 
PAC IO B                                                                        
-------------- --------------- ------------- -------------- ---------------     
Class A-14     $4,948,000.00   6.50%         N/A            N/A                 
PAC                                                                             
-------------- --------------- ------------- -------------- ---------------     
Class A-14     $1,762,315.00   6.50%         N/A            N/A                 
TAC IO                                                                          
-------------- --------------- ------------- -------------- ---------------     
Class A-14     $30,236,000.00  6.50%         N/A            N/A                 
TAC                                                                             
============== =============== ============= ============== ===============     

---------------                                                                 

(1) The Class A-14  Certificates will be deemed for purposes of the distribution
of interest  and  principal  to consist of five  Components  as described in the
table. The Components are not severable.                                        

(2) The Class A-PO Certificates will be Principal-Only Certificates and will not
bear interest.                                                                  

 ARTICLE I

 DEFINITIONS

            Section 1.01 DEFINED  TERMS.  Whenever used in this  Agreement,  the
following words and phrases,  unless the context otherwise requires,  shall have
the meanings specified in this Article:                                         

1933 ACT: The Securities Act of 1933, as amended.       

            ACCRETION TERMINATION DATE: For (a) the Class A-10 Certificates will
be the earlier to occur of (i) the Distribution  Date following the Distribution
Date on which the Class  Certificate  Balance of the Class A-13 Certificates and
the Component  Balance of the Class A-14 TAC Component have been reduced to zero
or (ii) the  Senior  Credit  Support  Depletion  Date and (b) the Class A-14 TAC
Component  will be the earlier to occur of (i) the  Distribution  Date following
the Distribution Date on which the Class  Certificate  Balance of the Class A-13
Certificates  has  been  reduced  to zero  or (ii)  the  Senior  Credit  Support
Depletion Date.                                                                 

ACCRUAL COMPONENT:  The Class A-14 TAC Component.       

            ACCRUAL DISTRIBUTION AMOUNT: For any Distribution Date and the Class
A-10  Certificates and the Accrual  Component prior to the applicable  Accretion
Termination Date, an amount with respect to such Class or Component equal to the
sum of (i) the amount  allocated but not currently  distributable as interest to
such Class or Component  pursuant to Section  5.02(a)(i) that is attributable to
clause (i) of the  definition  of "Interest  Distribution  Amount" or "Component
Interest Distribution Amount," as applicable,  and (ii) the amount allocated but
not currently  distributable as interest to such Class or Component  pursuant to
Section  5.02(a)(i)  that is  attributable  to clause (ii) of the  definition of
"Interest  Distribution Amount" or "Component Interest  Distribution Amount," as
applicable.                                                                     

            ACCRUED  CERTIFICATE  INTEREST:  For any Distribution  Date and each
interest-bearing  Class  (other than the Class A-14  Certificates),  one month's
interest  accrued during the related  Interest  Accrual Period at the applicable
Pass-Through  Rate  on  the  applicable  Class  Certificate   Balance.  For  any
Distribution Date and the Class A-14 Certificates,  the sum of Accrued Component
Interest for each Component.                                                    

            ACCRUED  COMPONENT  INTEREST:  For any  Distribution  Date  and each
Component,  one month's  interest  accrued during the related  Interest  Accrual
Period at the applicable  Component Rate on the applicable  Component Balance or
Notional Amount.                                                                

            ADJUSTED POOL AMOUNT:  With respect to any  Distribution  Date,  the
Cut-Off Date Pool  Principal  Balance of the Mortgage Loans minus the sum of (i)
all amounts in respect of principal  received in respect of the  Mortgage  Loans
(including,  without limitation,  amounts received as Monthly Payments, Periodic
Advances,   Principal   Prepayments,   Liquidation   Proceeds  and  Substitution
Adjustment   Amounts)  and  distributed  to  Holders  of  Certificates  on  such
Distribution  Date and all  prior  Distribution  Dates  and  (ii) the  principal
portion of all Realized Losses (other than Debt Service Reductions)  incurred on
the Mortgage Loans from the Cut-Off Date through the end of the month  preceding
such Distribution Date.                                                         

            ADJUSTED POOL AMOUNT (PO PORTION):  With respect to any Distribution
Date,  the sum of the  amounts,  calculated  as  follows,  with  respect  to all
Outstanding  Mortgage Loans:  the product of (i) the PO Percentage for each such
Mortgage Loan and (ii) the remainder of (A) the Cut-Off Date  Principal  Balance
of such  Mortgage  Loan  minus  (B) the sum of (x) all  amounts  in  respect  of
principal  received  in  respect  of  such  Mortgage  Loan  (including,  without
limitation,  amounts received as Monthly Payments, Periodic Advances,  Principal
Prepayments,  Liquidation  Proceeds  and  Substitution  Adjustment  Amounts) and
distributed to Holders of the  Certificates  on such  Distribution  Date and all
prior  Distribution  Dates and (y) the  principal  portion of any Realized  Loss
(other than a Debt Service  Reduction)  incurred on such  Mortgage Loan from the
Cut-Off Date through the end of the month preceding such Distribution Date.     

ADVANCE:  A Periodic Advance or a Servicing Advance.    

            AGREEMENT:  This Pooling and Servicing  Agreement  together with all
amendments hereof and supplements hereto.                                       

            AMOUNT HELD FOR FUTURE  DISTRIBUTION:  As to any Distribution  Date,
the total of the amounts held in the Servicer Custodial Accounts at the close of
business  on the  preceding  Determination  Date  on  account  of (i)  Principal
Prepayments  and  Liquidation  Proceeds  received  or made in the  month of such
Distribution  Date and (ii) payments which represent receipt of Monthly Payments
in respect of a Due Date or Due Dates subsequent to the related Due Date.       

            APPRAISED VALUE: With respect to any Mortgaged Property,  either (i)
the lesser of (a) the appraised value determined in an appraisal obtained by the
originator at origination of such Mortgage Loan and (b) the sales price for such
property,  except that, in the case of Mortgage Loans the proceeds of which were
used to refinance an existing  mortgage loan, the Appraised Value of the related
Mortgaged  Property is the appraised  value  thereof  determined in an appraisal
obtained at the time of refinancing,  or (ii) the appraised value  determined in
an appraisal  made at the request of a Mortgagor  subsequent to  origination  in
order to eliminate the Mortgagor's obligation to keep a Primary Insurance Policy
in force.                                                                       

            ASSIGNMENT OF MORTGAGE:  An  individual  assignment of the Mortgage,
notice of transfer or equivalent instrument in recordable form, sufficient under
the laws of the jurisdiction  wherein the related Mortgaged  Property is located
to give record notice of the sale of the Mortgage.                              

AUTHENTICATING AGENTS:  As defined in Section 9.10.     

            BA MORTGAGE  LOAN  PURCHASE  AGREEMENT:  The Mortgage  Loan Purchase
Agreement,  dated  March 25,  1999,  between the BA Seller,  as seller,  and the
Depositor, as purchaser.                                                        

            BA MORTGAGE  LOANS:  The Mortgage  Loans serviced by the BA Servicer
and  identified  on EXHIBIT D-1 as such  Exhibit is amended from time to time to
reflect the addition of Substitute  Mortgage Loans and the deletion of Defective
Mortgage Loans pursuant to the provisions of this Agreement.                    

            BA SELLER:  Bank of America,  FSB, a federal  savings  bank,  or its
successor in interest,  as seller of the BA Mortgage Loans under the BA Mortgage
Loan Purchase Agreement.                                                        

            BA SERVICER:  Bank of America,  FSB, a federal  savings bank, or its
successor in interest,  in its capacity as servicer of the BA Mortgage Loans, or
any successor servicer appointed as herein provided.                            

            BA SERVICER  CUSTODIAL  ACCOUNT:  The separate  Eligible  Account or
Accounts created and maintained by the BA Servicer pursuant to Section 3.08(b). 

            BANKRUPTCY LOSS:  Any Deficient Valuation or Debt Service Reduction.

            BANKRUPTCY  LOSS AMOUNT:  As of any  Distribution  Date, the Initial
Bankruptcy Loss Amount less the aggregate amount of Bankruptcy Losses previously
incurred  during the period  from the Cut-Off  Date  through the last day of the
month preceding the month of such Distribution  Date;  provided,  however,  that
such  amount may be reduced  from time to time with the  written  consent of the
Rating Agencies provided that such reduction does not result in a downgrading to
the current rating of the Certificates.                                         

            BOOK-ENTRY  CERTIFICATE:  All Classes of Certificates other than the
Physical Certificates.                                                          

            BUSINESS  DAY: Any day other than (i) a Saturday or a Sunday or (ii)
a day on which banking institutions in the State of North Carolina, the State of
New York, the State of California, the State of Virginia, the state in which the
servicing  offices  of either  Servicer  are  located  or the state in which the
Corporate Trust Office is located are required or authorized by law or executive
order to be closed.                                                             

            BUYDOWN AGREEMENT: An agreement governing the application of Buydown
Funds with respect to a Mortgage Loan.                                          

            BUYDOWN  FUNDS:  Money  advanced  by  a  builder,  seller  or  other
interested  party to reduce a  Mortgagor's  Monthly  Payment  during the initial
years of a Mortgage Loan.                                                       

            CERTIFICATE:  Any of the Bank of America Mortgage  Securities,  Inc.
Mortgage  Pass-Through  Certificates,  Series 1999-2 that are issued pursuant to
this Agreement.                                                                 

            CERTIFICATE  ACCOUNT:  The  separate  Eligible  Account  created and
maintained by the Trustee pursuant to Section 3.08(c) in the name of the Trustee
for the benefit of the  Certificateholders and designated "The Bank of New York,
in trust for registered  holders of Bank of America  Mortgage  Securities,  Inc.
Mortgage  Pass-Through  Certificates,  Series  1999-2." Funds in the Certificate
Account  shall  be held in  trust  for the  Certificateholders  for the uses and
purposes set forth in this Agreement.                                           

            CERTIFICATE  BALANCE:  With respect to any  Certificate at any date,
the  maximum  dollar  amount of  principal  to which the Holder  thereof is then
entitled  hereunder,  such amount  being equal to the product of the  Percentage
Interest of such Certificate and the Class  Certificate  Balance of the Class of
Certificates of which such Certificate is a part.                               

            CERTIFICATE  OWNER:  With respect to a Book-Entry  Certificate,  the
Person who is the beneficial owner of a Book-Entry Certificate.  With respect to
any Definitive Certificate, the Certificateholder of such Certificate.          

            CERTIFICATE  REGISTER:  The register  maintained pursuant to Section
6.02.                                                                           

            CERTIFICATE  REGISTRAR:  The registrar appointed pursuant to Section
6.02.                                                                           

            CERTIFICATEHOLDER:  The  Person  in  whose  name  a  Certificate  is
registered in the Certificate  Register,  except that, solely for the purpose of
giving any consent pursuant to this Agreement, any Certificate registered in the
name of the Depositor,  either Servicer or any affiliate thereof shall be deemed
not to be outstanding  and the Percentage  Interest and Voting Rights  evidenced
thereby  shall not be taken into account in  determining  whether the  requisite
amount of Percentage  Interests or Voting Rights,  as the case may be, necessary
to  effect  any such  consent  has been  obtained,  unless  such  entity  is the
registered owner of the entire Class of Certificates,  provided that the Trustee
shall not be responsible  for knowing that any  Certificate is registered in the
name of such an  affiliate  unless one of its  Responsible  Officers  has actual
knowledge.                                                                      

            CLASS: As to the Certificates,  the Class A-1, Class A-2, Class A-3,
Class A-4,  Class A-5,  Class A-6,  Class A-7, Class A-8, Class A-9, Class A-10,
Class A-11,  Class A-12,  Class A-13,  Class A-14,  Class A-PO, Class A-R, Class
A-LR,  Class B-1,  Class  B-2,  Class  B-3,  Class B-4,  Class B-5 and Class B-6
Certificates, as the case may be.                                               

            CLASS A  CERTIFICATES:  The Class A-1,  Class A-2,  Class A-3, Class
A-4, Class A-5,  Class A-6,  Class A-7, Class A-8, Class A-9, Class A-10,  Class
A-11,  Class A-12,  Class A-13, Class A-14, Class A-PO, Class A-R and Class A-LR
Certificates.                                                                   

            CLASS A-3 PERCENTAGE:  As to any  Distribution  Date, the percentage
equivalent  (carried to six places  rounded up) of a fraction  the  numerator of
which is the Class Certificate Balance of the Class A-3 Certificates immediately
prior to such date and the  denominator  of which is the  aggregate of the Class
Certificate Balances of all Classes of Senior Certificates (other than the Class
A-PO Certificates) immediately prior to such date.                              

            CLASS A-3  PRINCIPAL  DISTRIBUTION  AMOUNT:  As to any  Distribution
Date,  the  lesser  of (i)  the  Class  Certificate  Balance  of the  Class  A-3
Certificates and (ii) the product of (a) the Class A-3 Shift Percentage, (b) the
Class A-3 Percentage and (c) the Senior Principal Distribution Amount.          

            CLASS  A-3  SHIFT  PERCENTAGE:  As to  any  Distribution  Date,  the
percentage indicated below:                                                     

DISTRIBUTION DATE OCCURRING IN                    CLASS A-3 SHIFT PERCENTAGE    
------------------------------                    --------------------------    
April 1999 through March 2004..................   0%                            
April 2004 through March 2005..................   30%                           
April 2005 through March 2006..................   40%                           
April 2006 through March 2007..................   60%                           
April 2007 through March 2008..................   80%                           
April 2008 and thereafter......................   100%                          

            CLASS A-9 LOSS ALLOCATION  AMOUNT:  With respect to any Distribution
Date after the Senior Credit Support Depletion Date, the lesser of (a) the Class
Certificate  Balance  of  the  Class  A-9  Certificates  with  respect  to  such
Distribution  Date  prior to any  reduction  for the Class  A-9 Loss  Allocation
Amount and (b) the sum of the Class A-14 PAC Component Loss Amount and the Class
A-14 TAC Component Loss Amount with respect to such Distribution Date.          

            CLASS  A-14  PAC  COMPONENT   LOSS  AMOUNT:   With  respect  to  any
Distribution Date after the Senior Credit Support Depletion Date, the amount, if
any, by which the  Component  Balance of the Class A-14 PAC  Component  would be
reduced as a result of the allocation of any Realized Loss (other than an Excess
Loss) to such Component pursuant to Section  5.03(a)(ii)(1) or the allocation of
any  reduction  pursuant  to  Section  5.03(b) to such  Component,  in each case
without regard to the operation of Section 5.03(f).                             

            CLASS A-14 PAC IO A NOTIONAL AMOUNT: As to any Distribution Date and
the Class A-14 PAC IO A Component, 11.53846154% of the Class Certificate Balance
of the Class A-11 Certificates immediately prior to such date.                  

            CLASS A-14 PAC IO B NOTIONAL AMOUNT: As to any Distribution Date and
the Class A-14 PAC IO B Component,  9.23076923% of the Class Certificate Balance
of the Class A-12 Certificates immediately prior to such date.                  

            CLASS  A-14  TAC  COMPONENT   LOSS  AMOUNT:   With  respect  to  any
Distribution Date after the Senior Credit Support Depletion Date, the amount, if
any, by which the  Component  Balance of the Class A-14 TAC  Component  would be
reduced as a result of the allocation of any Realized Loss (other than an Excess
Loss) to such Component pursuant to Section  5.03(a)(ii)(1) or the allocation of
any  reduction  pursuant  to  Section  5.03(b) to such  Component,  in each case
without regard to the operation of Section 5.03(f).                             

            CLASS A-14 TAC IO NOTIONAL AMOUNT:  As to any Distribution  Date and
the Class A-14 TAC IO Component, 2.30769231% of the Class Certificate Balance of
the Class A-13 Certificates immediately prior to such date.                     

            CLASS A-PO DEFERRED AMOUNT: As to any Distribution Date prior to the
Senior  Credit  Support  Depletion  Date,  the  aggregate of the  applicable  PO
Percentage of each Realized Loss,  other than an Excess Loss, to be allocated to
the Class A-PO Certificates on such Distribution Date or previously allocated to
the Class A-PO  Certificates  and not yet paid to the  Holders of the Class A-PO
Certificates pursuant to Section 5.02(a)(iii).                                  

            CLASS B  CERTIFICATES:  The Class B-1,  Class B-2,  Class B-3, Class
B-4, Class B-5 and Class B-6 Certificates.                                      

            CLASS CERTIFICATE BALANCE: With respect to any Class (other than the
Class  A-14  Certificates)  and any date of  determination,  the  Initial  Class
Certificate  Balance  of  such  Class  (plus,  in the  case  of the  Class  A-10
Certificates,  any Accrual  Distribution  Amounts previously  allocated thereto)
minus the sum of (i) all  distributions  of principal made with respect thereto,
(ii) all Realized Losses allocated  thereto  pursuant to Section 5.03(a),  (iii)
all other reductions in Class Certificate  Balance previously  allocated thereto
pursuant to Section 5.03(b) and (iv) in the case of the Class A-9  Certificates,
any  reduction  allocated  thereto  pursuant  to  Section  5.03(f).   The  Class
Certificate  Balance  of the Class A-14  Certificates  will equal the sum of the
Component  Balances  of the Class  A-14 PAC  Component  and the  Class  A-14 TAC
Component.                                                                      

            CLASS  INTEREST  SHORTFALL:  For  any  Distribution  Date  and  each
interest-bearing  Class (other than the Class A-14 Certificates),  the amount by
which  Accrued  Certificate  Interest  for such Class (as  reduced  pursuant  to
Section  5.02(c))  exceeds the amount of interest  actually  distributed on such
Class (or, in the case of the Class A-10  Certificates  prior to the  applicable
Accretion  Termination  Date,  the amount  included in the Accrual  Distribution
Amount pursuant to clause (i) of the definition thereof,  but not distributed as
interest on the Class A-10  Certificates) on such  Distribution Date pursuant to
clause (i) of the definition of "Interest Distribution Amount".                 

            CLASS UNPAID INTEREST  SHORTFALL:  As to any  Distribution  Date and
each interest-bearing Class (other than the Class A-14 Certificates), the amount
by which  the  aggregate  Class  Interest  Shortfalls  for  such  Class on prior
Distribution  Dates exceeds the amount of interest actually  distributed on such
Class (or, in the case of the Class A-10  Certificates  prior to the  applicable
Accretion  Termination  Date,  the amount  included in the Accrual  Distribution
Amount pursuant to clause (ii) of the definition thereof, but not distributed as
interest  on the Class  A-10  Certificates)  on such  prior  Distribution  Dates
pursuant to clause (ii) of the definition of "Interest Distribution Amount".    

CLOSING DATE:  March 25, 1999.                          

CODE:  The Internal Revenue Code of 1986, as amended.   

COMPENSATING INTEREST:  As defined in Section 3.17.     

            COMPONENT BALANCE:  With respect to the Class A-14 PAC Component and
Class A-14 TAC Component,  and any date of determination,  the Initial Component
Balance of such  Component  (plus,  in the case of the Class A-14 TAC Component,
any Accrual  Distribution Amounts previously allocated thereto) minus the sum of
(i) all distributions of principal made with respect thereto,  (ii) all Realized
Losses  allocated  thereto  pursuant  to  Section  5.03(a)  and  (iii) all other
reductions in Component Balance previously allocated thereto pursuant to Section
5.03(b);  provided,  however,  that the Component Balance of such Component will
not be  reduced  pursuant  to  clauses  (ii) and  (iii) in  accordance  with the
provisions of Section 5.03(f). The Class A-14 PAC IO A Component, the Class A-14
PAC IO B  Component  and the  Class  A-14  TAC IO  Component  are  interest-only
Components and have no Component Balance.                                       

            COMPONENT  INTEREST  DISTRIBUTION  AMOUNT: For any Distribution Date
and each Component,  the sum of (i) the Accrued Component  Interest,  subject to
reduction  pursuant to Section  5.02(c),  and (ii) any Component Unpaid Interest
Shortfall for such Component.                                                   

            COMPONENT  INTEREST  SHORTFALL:  For any Distribution  Date and each
Component, the amount by which Accrued Component Interest for such Component (as
reduced  pursuant to Section  5.02(c))  exceeds the amount of interest  actually
distributed  on such  Component (or, in the case of the Class A-14 TAC Component
prior to the applicable  Accretion  Termination Date, the amount included in the
Accrual  Distribution  Amount pursuant to clause (i) of the definition  thereof,
but not  distributed  as  interest  on the  Class  A-14 TAC  Component)  on such
Distribution  Date  pursuant  to  clause  (i) of the  definition  of  "Component
Interest Distribution Amount."                                                  

            COMPONENT RATE: As to each  Component,  the per annum rate set forth
in the Preliminary Statement.                                                   

            COMPONENT UNPAID INTEREST SHORTFALL: As to any Distribution Date and
Component,  the amount by which the aggregate  Component Interest Shortfalls for
such  Component  on prior  Distribution  Dates  exceeds  the amount of  interest
actually distributed on such Component (including, in the case of the Class A-14
TAC Component  prior to the applicable  Accretion  Termination  Date, the amount
included  in the  Accrual  Distribution  Amount  pursuant  to clause (ii) of the
definition  thereof,  but not  distributed  as  interest  on the Class  A-14 TAC
Component)  on such prior  Distribution  Dates  pursuant  to clause  (ii) of the
definition of "Component Interest Distribution Amount."                         

            CORPORATE TRUST OFFICE: The principal office of the Trustee at which
at any particular time its certificate  transfer  services are conducted,  which
office at the date of the execution of this instrument is located at 101 Barclay
Street - 12E, New York, New York 10286, Attention: Corporate Trust - MBS (Fax:  
(212) 815-5309).                                                                

            CORRESPONDING UPPER-TIER CLASS, CLASSES, COMPONENT OR COMPONENTS: As
to  the  following   Uncertificated  Lower-Tier   Interests,   the Corresponding
Upper-Tier Class, Classes, Component or Components, as follows:                 

       UNCERTIFICATED LOWER-TIER       Corresponding Upper-Tier Class,
        INTEREST                        Classes, Component or Components

         Class A-L1 Interest             Class A-1 Certificates, Class A-2
                               Certificates, Class A-3
                               Certificates, Class A-4
                               Certificates, Class A-5
                               Certificates, Class A-6
                               Certificates, Class A-9
                                Certificates, Class A-10
                                   Certificates, Class A14 PAC
                                    Component and Class A-14 TAC
                 Component

Class A-L7 Interest             Class A-7 Certificates  

Class A-L8 Interest             Class A-8 Certificates  

            Class A-L11 Interest            Class  A-11  Certificates  and Class
                               A-14 PAC IO A Component

            Class A-L12 Interest            Class  A-12  Certificates  and Class
                               A-14 PAC IO B Component

            Class A-L13 Interest            Class  A-13  Certificates  and Class
                             A-14 TAC IO Component

Class A-LPO Interest            Class A-PO Certificates 

Class A-LUR Interest            Class A-R Certificate   

Class B-L1 Interest             Class B-1 Certificates  

Class B-L2 Interest             Class B-2 Certificates  

Class B-L3 Interest             Class B-3 Certificates  

Class B-L4 Interest             Class B-4 Certificates  

Class B-L5 Interest             Class B-5 Certificates  

Class B-L6 Interest             Class B-6 Certificates  

            CUSTODIAN: Any Custodian appointed by the Trustee in accordance with
the terms of this Agreement.                                                    

            CUSTOMARY  SERVICING  PROCEDURES:  With  respect  to each  Servicer,
procedures  (including  collection  procedures)  that such Servicer  customarily
employs and exercises in servicing and administering  mortgage loans for its own
account and which are in accordance with accepted mortgage  servicing  practices
of prudent lending institutions servicing mortgage loans of the same type as the
Mortgage Loans in the  jurisdictions in which the related  Mortgaged  Properties
are located.                                                                    

CUT-OFF DATE:  March 1, 1999.                           

            CUT-OFF DATE POOL  PRINCIPAL  BALANCE:  The aggregate of the Cut-Off
Date Principal Balances of the Mortgage Loans which is $500,376,622.26.         

            CUT-OFF DATE PRINCIPAL BALANCE:  As to any Mortgage Loan, the unpaid
principal  balance  thereof as of the close of  business  on the  Cut-Off  Date,
reduced by all  installments of principal due on or prior thereto whether or not
paid.                                                                           

            DEBT  SERVICE   REDUCTION:   As  to  any   Mortgage   Loan  and  any
Determination Date, the excess of (i) the Monthly Payment due on the related Due
Date under the terms of such  Mortgage  Loan over (ii) the amount of the monthly
payment of principal  and/or  interest  required to be paid with respect to such
Due Date by the Mortgagor as  established  by a court of competent  jurisdiction
(pursuant to an order which has become final and nonappealable) as a result of a
proceeding  initiated by or against the related  Mortgagor  under the Bankruptcy
Code,  as amended  from time to time (11 U.S.C.);  provided  that no such excess
shall be considered a Debt Service Reduction so long as (a) the related Servicer
is pursuing an appeal of the court  order  giving rise to any such  modification
and (b)(1)  such  Mortgage  Loan is not in default  with  respect to payment due
thereunder  in  accordance  with the terms of such Mortgage Loan as in effect on
the  Cut-Off  Date or (2)  Monthly  Payments  are being  advanced by the related
Servicer in accordance  with the terms of such Mortgage Loan as in effect on the
Cut-Off Date.                                                                   

            DEBT SERVICE REDUCTION MORTGAGE LOAN:  Any Mortgage Loan that became
the subject of a Debt Service Reduction.                                        

          DEFECTIVE MORTGAGE LOAN: Any Mortgage Loan which is required to be
cured, repurchased or substituted for pursuant to Sections 2.02 or 2.05.        

            DEFICIENT  VALUATION:  As to any Mortgage Loan and any Determination
Date, the excess of (i) the then  outstanding  indebtedness  under such Mortgage
Loan over (ii) the secured valuation thereof established by a court of competent
jurisdiction  (pursuant to an order which has become final and nonappealable) as
a result of a proceeding initiated by or against the related Mortgagor under the
Bankruptcy  Code,  as amended from time to time (11  U.S.C.),  pursuant to which
such Mortgagor  retained such Mortgaged  Property;  provided that no such excess
shall be considered a Deficient Valuation so long as (a) the related Servicer is
pursuing an appeal of the court order giving rise to any such  modification  and
(b)(1)  such  Mortgage  Loan is not in  default  with  respect to  payments  due
thereunder  in  accordance  with the terms of such Mortgage Loan as in effect on
the  Cut-Off  Date or (2)  Monthly  Payments  are being  advanced by the related
Servicer in accordance  with the terms of such Mortgage Loan as in effect on the
Cut-Off Date.                                                                   

            DEFICIENT VALUATION MORTGAGE LOAN: Any Mortgage Loan that became the
subject of a Deficient Valuation.                                               

    DEFINITIVE CERTIFICATES: As defined in Section 6.02(c)(iii).

            DEPOSITOR:  Bank of America  Mortgage  Securities,  Inc., a Delaware
corporation, or its successor in interest, as depositor of the Trust Estate.    

            DEPOSITORY:  The Depository  Trust Company,  the nominee of which is
Cede & Co.,  as the  registered  Holder of the  Book-Entry  Certificates  or any
successor  thereto  appointed in accordance with this Agreement.  The Depository
shall at all times be a "clearing corporation" as defined in Section 8-102(3) of
the Uniform Commercial Code of the State of New York.                           

            DEPOSITORY  PARTICIPANT:  A broker,  dealer, bank or other financial
institution  or other  Person  for whom from time to time a  Depository  effects
book-entry transfers and pledges of securities deposited with the Depository.   

            DETERMINATION DATE: As to any Distribution Date, the 16th day of the
month of the  related  Distribution  Date or, if such 16th day is not a Business
Day, the Business Day immediately preceding such 16th day.                      

            DISCOUNT  MORTGAGE  LOAN:  Any  Mortgage  Loan  with a Net  Mortgage
Interest Rate that is less than 6.50% per annum.                                

            DISTRIBUTION  DATE:  The 25th day of each month  beginning  in April
1999 (or, if such day is not a Business Day, the next Business Day).            

            DUE DATE: As to any  Distribution  Date and each Mortgage  Loan, the
first day in the calendar month of such Distribution Date.                      

            ELIGIBLE ACCOUNT:  Any of (i) an account or accounts maintained with
(a) NationsBank, N.A. or any successor thereto, (b) Bank of America, FSB, or (c)
a  federal  or state  chartered  depository  institution  or trust  company  the
short-term  unsecured debt obligations of which (or, in the case of a depository
institution  or trust  company  that is the  principal  subsidiary  of a holding
company,  the  debt  obligations  of such  holding  company)  have  the  highest
short-term  ratings of each  Rating  Agency at the time any  amounts are held on
deposit therein,  or (ii) an account or accounts in a depository  institution or
trust  company in which  such  accounts  are  insured by the FDIC (to the limits
established  by the FDIC)  and the  uninsured  deposits  in which  accounts  are
otherwise  secured such that, as evidenced by an Opinion of Counsel delivered to
the Trustee and to each Rating Agency, the Certificateholders  have a claim with
respect to the funds in such  account or a  perfected  first  priority  security
interest   against  any   collateral   (which  shall  be  limited  to  Permitted
Investments)  securing  such  funds  that is  superior  to  claims  of any other
depositors or creditors of the depository  institution or trust company in which
such account is maintained, or (iii) a trust account or accounts maintained with
the trust department of a federal or state chartered  depository  institution or
trust  company,  acting in its  fiduciary  capacity  or (iv) any  other  account
acceptable to each Rating  Agency.  Eligible  Accounts may bear interest and may
include, if otherwise qualified under this definition,  accounts maintained with
the Trustee.                                                                    

            ERISA:  The Employee  Retirement  Income  Security  Act of 1974,  as
amended.                                                                        

            ERISA   RESTRICTED   CERTIFICATES:   The   Class  A-9  and  Class  B
Certificates.                                                                   

ESCROW ACCOUNT:  As defined in Section 3.09.            

            ESCROW  PAYMENTS:  The  amounts  constituting  taxes,   assessments,
Primary Insurance Policy premiums,  fire and hazard insurance premiums and other
payments as may be required to be escrowed by the  Mortgagor  with the mortgagee
pursuant to the terms of any Mortgage Note or Mortgage.                         

EVENT OF DEFAULT:  As defined in Section 8.01.          

            EXCESS  LOSSES:  For any  Distribution  Date,  the amount of any (i)
Fraud Losses in excess of the Fraud Loss Amount,  (ii) Special  Hazard Losses in
excess of the Special Hazard Loss Amount or (iii) Bankruptcy Losses in excess of
the Bankruptcy Loss Amount.                                                     

            EXCESS PROCEEDS:  With respect to any Liquidated  Mortgage Loan, the
amount,  if any, by which the sum of any  Liquidation  Proceeds of such Mortgage
Loan  received  in the  calendar  month in which  such  Mortgage  Loan  became a
Liquidated  Mortgage  Loan,  net of any  amounts  previously  reimbursed  to the
related Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan
pursuant to Section  3.11(a)(iii),  exceeds (i) the unpaid principal  balance of
such  Liquidated  Mortgage  Loan as of the Due Date in the  month in which  such
Mortgage Loan became a Liquidated  Mortgage  Loan plus (ii) accrued  interest at
the Mortgage  Interest Rate from the Due Date as to which interest was last paid
or for which a Periodic Advance was made (and not reimbursed) up to the Due Date
applicable to the  Distribution  Date  immediately  following the calendar month
during which such liquidation occurred.                                         

            FDIC: The Federal Deposit  Insurance  Corporation,  or any successor
thereto.                                                                        

            FHLMC: The Federal Home Loan Mortgage Corporation,  or any successor
thereto.                                                                        

            FINAL  DISTRIBUTION  DATE: The Distribution  Date on which the final
distribution  in respect of the  Certificates  will be made  pursuant to Section
10.01.                                                                          

            FINANCIAL MARKET SERVICE:  Bloomberg Financial Service and any other
financial  information provider designated by the Depositor by written notice to
the Trustee.                                                                    

            FIRREA: The Financial Institutions Reform,  Recovery and Enforcement
Act of 1989, as amended.                                                        

FITCH:  Fitch IBCA, Inc., or any successor thereto.     

FNMA:  Fannie Mae, or any successor thereto.            

FRACTIONAL INTEREST:  As defined in Section 5.02(d).    

            FRAUD LOSS:  Realized Losses on Mortgage Loans as to which a loss is
sustained   by  reason  of  a  default   arising  from  fraud,   dishonesty   or
misrepresentation in connection with the related Mortgage Loan, including a loss
by reason of the denial of coverage under any related Primary  Insurance  Policy
because of such fraud, dishonesty or misrepresentation.                         

            FRAUD LOSS AMOUNT:  For each  Distribution Date occurring during the
period from the Closing Date through the first  anniversary of the Cut-Off Date,
the Initial Fraud Loss Amount reduced by the amount of Fraud Losses allocated to
the Certificates. Thereafter, the Fraud Loss Amount shall be equal to the lesser
of (i) the  Initial  Fraud Loss  Amount  reduced  by the amount of Fraud  Losses
allocated to the Certificates and (ii) for each  Distribution Date occurring (a)
during the period  from the day after the first  anniversary  through  the third
anniversary of the Cut-Off Date, 1% of the Pool Stated  Principal  Balance,  (b)
during the period  from the day after the third  anniversary  through  the fifth
anniversary of the Cut-Off Date, 0.5% of the Pool Stated Principal Balance,  and
(c) after the fifth anniversary of the Cut-Off Date, zero.                      

HOLDER:  A Certificateholder.                           

            INDEPENDENT:  When used with respect to any  specified  Person means
such a Person who (i) is in fact independent of the Depositor and the Servicers,
(ii)  does not have any  direct  financial  interest  or any  material  indirect
financial interest in the Depositor or either Servicer or in an affiliate of any
of them, and (iii) is not connected with the Depositor or either  Servicer as an
officer, employee, promoter,  underwriter,  trustee, partner, director or person
performing similar functions.                                                   

            INDIRECT  DEPOSITORY  PARTICIPANT:  A broker,  dealer, bank or other
financial institution or other Person maintaining a custodial  relationship with
a Depository Participant.                                                       

INITIAL BANKRUPTCY LOSS AMOUNT: $145,566.42.            

            INITIAL CLASS CERTIFICATE BALANCE: As to each Class of Certificates,
the Class Certificate Balance set forth in the Preliminary Statement.           

            INITIAL  COMPONENT  BALANCE:  As to the Class A-14 PAC Component and
the Class A-14 TAC Component, the Component Balance set forth in the Preliminary
Statement.  The Class A-14 PAC IO A Component, the Class A-14 PAC IO B Component
and the Class A-14 TAC IO Component  are  interest-only  Components  and have no
Initial Component Balance.                                                      

INITIAL FRAUD LOSS AMOUNT: $5,003,766.22.               

INITIAL SPECIAL HAZARD AMOUNT: $5,093,858.04.           

            INSURANCE POLICY:  With respect to any Mortgage Loan included in the
Trust  Estate,   any  related  insurance   policy,   including  all  riders  and
endorsements thereto in effect, including any replacement policy or policies for
any Insurance Policies.                                                         

            INSURANCE  PROCEEDS:  Proceeds  paid by an insurer  pursuant  to any
Insurance  Policy, in each case other than any amount included in such Insurance
Proceeds in respect of Insured Expenses.                                        

            INSURED  EXPENSES:  Expenses  covered by an Insurance  Policy or any
other insurance policy with respect to the Mortgage Loans.                      

            INTEREST ACCRUAL PERIOD:  As to any Distribution Date and each Class
of Certificates (other than the Class A-14 and Class A-PO Certificates) and each
Component,  the period from and  including  the first day of the calendar  month
preceding the calendar month of such  Distribution Date to but not including the
first day of the calendar month of such Distribution Date.                      

            INTEREST  DISTRIBUTION  AMOUNT:  For any Distribution  Date and each
interest-bearing Class (other than the Class A-14 Certificates),  the sum of (i)
the  Accrued  Certificate  Interest,  subject to  reduction  pursuant to Section
5.02(c) and (ii) any Class Unpaid  Interest  Shortfall  for such Class.  For any
Distribution  Date and the Class  A-14  Certificates,  the sum of the  Component
Interest Distribution Amounts.                                                  

            LIQUIDATED  MORTGAGE LOAN: With respect to any Distribution  Date, a
defaulted  Mortgage Loan (including any REO Property) that was liquidated in the
calendar month preceding the month of such Distribution Date and as to which the
related  Servicer has certified (in accordance  with this Agreement) that it has
received all proceeds it expects to receive in connection  with the  liquidation
of such Mortgage Loan including the final disposition of an REO Property.       

            LIQUIDATION   PROCEEDS:   Amounts,   including  Insurance  Proceeds,
received in  connection  with the partial or complete  liquidation  of defaulted
Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or
amounts  received in connection  with any  condemnation  or partial release of a
Mortgaged  Property and any other  proceeds  received in connection  with an REO
Property, less the sum of related unreimbursed Servicing Fees and Advances.     

            LOAN-TO-VALUE  RATIO: With respect to any Mortgage Loan and any date
of  determination,  the fraction,  expressed as a  percentage,  the numerator of
which is the outstanding  principal  balance of the related Mortgage Loan at the
date of determination and the denominator of which is the Appraised Value of the
related Mortgaged Property.                                                     

       LOWER-TIER DISTRIBUTION AMOUNT:  As defined in Section 5.02(a).

            LOWER-TIER  REMIC:  As defined  in the  Preliminary  Statement,  the
assets of which consist of the Mortgage  Loans,  such amounts as shall from time
to time be held in the  Certificate  Account,  the insurance  policies,  if any,
relating to a Mortgage Loan and property which secured a Mortgage Loan and which
has been acquired by foreclosure or deed in lieu of foreclosure.                

            MONTHLY  PAYMENT:  The scheduled  monthly payment on a Mortgage Loan
due on any Due Date allocable to principal and/or interest on such Mortgage Loan
which, unless otherwise specified herein,  shall give effect to any related Debt
Service  Reduction  and any Deficient  Valuation  that affects the amount of the
monthly payment due on such Mortgage Loan.                                      

            MORTGAGE: The mortgage, deed of trust or other instrument creating a
first lien on a Mortgaged  Property securing a Mortgage Note or creating a first
lien on a leasehold interest.                                                   

            MORTGAGE  FILE:  The  mortgage  documents  listed  in  Section  2.01
pertaining to a particular  Mortgage Loan and any additional  documents required
to be added to the Mortgage File pursuant to this Agreement.                    

            MORTGAGE  INTEREST RATE: As to any Mortgage Loan, the per annum rate
of interest at which interest accrues on the principal  balance of such Mortgage
Loan in accordance with the terms of the related Mortgage Note.                 

            MORTGAGE  LOAN  PURCHASE  AGREEMENT:  Each of the BA  Mortgage  Loan
Purchase Agreement and the NMC Mortgage Loan Purchase Agreement.                

            MORTGAGE LOAN SCHEDULE:  The list of Mortgage Loans (as from time to
time amended by the  applicable  Servicer to reflect the addition of  Substitute
Mortgage  Loans and the deletion of  Defective  Mortgage  Loans  pursuant to the
provisions of this  Agreement)  transferred  to the Trustee as part of the Trust
Estate  and from time to time  subject  to this  Agreement,  attached  hereto as
EXHIBIT  D-1 and EXHIBIT  D-2,  setting  forth the  following  information  with
respect to each Mortgage Loan: (i) the Mortgage Loan identifying  number; (ii) a
code  indicating  whether the Mortgaged  Property is  owner-occupied;  (iii) the
property type for each Mortgaged Property;  (iv) the original months to maturity
or the remaining months to maturity from the Cut-Off Date; (v) the Loan-to-Value
Ratio at origination;  (vi) the Mortgage  Interest Rate; (vii) the date on which
the first Monthly Payment was due on the Mortgage Loan, and, if such date is not
the Due Date  currently  in effect,  such Due Date;  (viii) the stated  maturity
date;  (ix) the amount of the Monthly  Payment as of the Cut-Off  Date;  (x) the
paid-through  date;  (xi) the original  principal  amount of the Mortgage  Loan;
(xii) the principal  balance of the Mortgage Loan as of the close of business on
the Cut-Off Date,  after  application  of payments of principal due on or before
the Cut-Off Date, whether or not collected,  and after deduction of any payments
collected  of  scheduled  principal  due after the Cut-Off  Date;  (xiii) a code
indicating  the  purpose  of the  Mortgage  Loan;  (xiv) a code  indicating  the
documentation  style; and (xv) the Appraised Value. With respect to the Mortgage
Loans in the aggregate, the Mortgage Loan Schedule shall set forth the following
information,  as of the Cut-Off Date: (i) the number of Mortgage Loans; (ii) the
current aggregate outstanding principal balance of the Mortgage Loans; (iii) the
weighted  average  Mortgage  Rate of the Mortgage  Loans;  and (iv) the weighted
average months to maturity of the Mortgage Loans.                               

            MORTGAGE LOANS:  Such of the mortgage loans transferred and assigned
to the Trustee  pursuant to Section 2.01 as from time to time are held as a part
of the Trust Estate (including any Substitute  Mortgage Loans and REO Property),
the Mortgage  Loans  originally  so held being  identified  in the Mortgage Loan
Schedule.                                                                       

            MORTGAGE  NOTE:  The  originally  executed note or other evidence of
indebtedness  evidencing the  indebtedness of a Mortgagor under a Mortgage Loan,
together with all riders thereto and amendments thereof.                        

            MORTGAGED  PROPERTY:  The  underlying  property  securing a Mortgage
Loan.                                                                           

MORTGAGOR:  The obligor on a Mortgage Note.             

            NET MORTGAGE INTEREST RATE: As to any Mortgage Loan and Distribution
Date, such Mortgage  Loan's  Mortgage  Interest Rate thereon on the first day of
the month  preceding the month of the related  Distribution  Date reduced by the
related Servicing Fee Rate and the Trustee Fee Rate.                            

            NMC MORTGAGE  LOAN  PURCHASE  AGREEMENT:  The Mortgage Loan Purchase
Agreement,  dated March 25,  1999,  between the NMC Seller,  as seller,  and the
Depositor, as purchaser.                                                        

            NMC MORTGAGE LOANS:  The Mortgage Loans serviced by the NMC Servicer
and  identified  on EXHIBIT D-2 as such  Exhibit is amended from time to time to
reflect the addition of Substitute  Mortgage Loans and the deletion of Defective
Mortgage Loans pursuant to the provisions of this Agreement.                    

            NMC SELLER:  NationsBanc Mortgage Corporation,  a Texas corporation,
or its successor in interest,  as seller of the NMC Mortgage Loans under the NMC
Mortgage Loan Purchase Agreement.                                               

            NMC SERVICER: NationsBanc Mortgage Corporation, a Texas corporation,
or its  successor in  interest,  in its capacity as servicer of the NMC Mortgage
Loans, or any successor servicer appointed as herein provided.                  

            NMC SERVICER  CUSTODIAL  ACCOUNT:  The separate  Eligible Account or
Accounts created and maintained by the NMC Servicer pursuant to Section 3.08(b).

            NON-PO  PERCENTAGE:  As to any  Discount  Mortgage  Loan, a fraction
(expressed as a percentage), the numerator of which is the Net Mortgage Interest
Rate of such Discount Mortgage Loan and the denominator of which is 6.50%. As to
any Mortgage Loan that is not a Discount Mortgage Loan, 100%.                   

            NON-PO PRINCIPAL AMOUNT: As to any Distribution Date, the sum of the
applicable  Non-PO  Percentage  of (a) the  principal  portion  of each  Monthly
Payment  (without  giving effect,  prior to the reduction of the Bankruptcy Loss
Amount to zero, to any reductions thereof caused by any Debt Service Reductions)
due on each  Mortgage  Loan on the  related Due Date,  (b) the Stated  Principal
Balance,  as of  the  date  of  repurchase,  of  each  Mortgage  Loan  that  was
repurchased by the Depositor  pursuant to this Agreement as of such Distribution
Date,  (c) any  Substitution  Adjustment  Amount in connection  with a Defective
Mortgage  Loan  received  with  respect  to  such  Distribution  Date,  (d)  any
Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that
are not yet  Liquidated  Mortgage  Loans  received  during  the  calendar  month
preceding the month of such Distribution Date, (e) with respect to each Mortgage
Loan that became a Liquidated  Mortgage Loan during the calendar month preceding
the  month  of such  Distribution  Date,  the  amount  of  Liquidation  Proceeds
allocable to principal received during the calendar month preceding the month of
such  Distribution Date with respect to such Mortgage Loan and (f) all Principal
Prepayments  received  during the  calendar  month  preceding  the month of such
Distribution Date.                                                              

            NON-SUPPORTED INTEREST SHORTFALLS:  As to any Distribution Date, the
amount, if any, by which the aggregate of Prepayment Interest Shortfalls exceeds
Compensating Interest for such Distribution Date.                               

NON-U.S. PERSON:  A Person other than a U.S. Person.    

            NONRECOVERABLE ADVANCE: Any portion of an Advance previously made or
proposed to be made in respect of a Mortgage Loan which has not been  previously
reimbursed and which, in the good faith judgment of the related  Servicer,  will
not or, in the case of a proposed Advance,  would not be ultimately  recoverable
from the related Mortgagor, related Liquidation Proceeds, or other recoveries in
respect of the related Mortgage Loan.                                           

            NOTIONAL AMOUNT: As to any Distribution  Date, the Class A-14 PAC IO
A Notional Amount, the Class A-14 PAC IO B Notional Amount or the Class A-14 TAC
IO Notional Amount.                                                             

            OFFERED  CERTIFICATES:  The Class A, Class B-1,  Class B-2 and Class
B-3 Certificates.                                                               

            OFFICER'S  CERTIFICATE:  A certificate signed by the Chairman of the
Board,  Vice  Chairman of the Board,  President or a Vice  President  and by the
Treasurer,  the  Secretary  or one  of the  Assistant  Treasurers  or  Assistant
Secretaries,  or any other duly  authorized  officer of the  Depositor or either
Servicer, as the case may be, and delivered to the Trustee.                     

            OPINION OF COUNSEL:  A written opinion of counsel  acceptable to the
Trustee,  who may be counsel for the  Depositor  or a Servicer,  except that any
opinion of counsel  relating  to the  qualification  of the Trust  Estate as two
separate  REMICs or compliance  with the REMIC  Provisions must be an opinion of
Independent counsel.                                                            

            ORIGINAL FRACTIONAL INTEREST:  With respect to each of the following
Classes of Subordinate  Certificates,  the  corresponding  percentage  described
below, as of the Closing Date:                                                  

Class B-1               1.85%     
Class B-2               1.10%     
Class B-3               0.75%     
Class B-4               0.40%     
Class B-5               0.20%     
Class B-6               0.00%     

 ORIGINAL SUBORDINATE CERTIFICATE BALANCE: $20,015,455.77.

OTS: The Office of Thrift Supervision.                  

            OUTSTANDING MORTGAGE LOAN: As to any Due Date, a Mortgage Loan which
was not the  subject of a Principal  Prepayment  in Full prior to such Due Date,
which did not become a Liquidated Mortgage Loan prior to such Due Date and which
was not  purchased  from the Trust  prior to such Due Date  pursuant to Sections
2.02 or 2.05.                                                                   

            OWNERSHIP INTEREST: As to any Certificate, any ownership or security
interest in such Certificate,  including any interest in such Certificate as the
Holder thereof and any other interest therein, whether direct or indirect, legal
or beneficial, as owner or as pledgee.                                          

            PAC PRINCIPAL  AMOUNT: As to any Distribution Date and for the Class
A-11 or Class A-12 Certificates or the Class A-14 PAC Component,  the amount, if
any,  that would  reduce the Class  Certificate  Balance  or  Component  Balance
thereof to the balance  shown in the tables set forth in EXHIBIT K with  respect
to such Distribution Date.                                                      

            PASS-THROUGH RATE: As to each Class of interest-bearing Certificates
(other  than the Class A-14  Certificates),  the per annum rate set forth in the
Preliminary Statement.                                                          

PAYING AGENT:  As defined in Section 9.13.              

            PERCENTAGE INTEREST: As to any Certificate,  the percentage obtained
by dividing the initial  Certificate  Balance of such Certificate by the Initial
Class Certificate Balance of the Class of which such Certificate is a part.     

            PERIODIC ADVANCE: The payment required to be made by a Servicer with
respect to any  Distribution  Date pursuant to Section  3.20,  the amount of any
such  payment  being  equal to the  aggregate  of Monthly  Payments  (net of the
Servicing  Fee) on the Mortgage Loans  (including any REO Property)  serviced by
such  Servicer  that were due on the related Due Date and not received as of the
close of business on the related  Determination  Date, less the aggregate amount
of any  such  delinquent  payments  that  such  Servicer  has  determined  would
constitute a Nonrecoverable Advance if advanced.                                

PERMITTED INVESTMENTS:  One or more of the following:   

     (i)    obligations  of or  guaranteed  as to principal  and interest by the
            United States,  FHLMC, FNMA or any agency or  instrumentality of the
            United States when such obligations are backed by the full faith and
            credit of the United States; provided that such obligations of FHLMC
            or FNMA shall be limited to senior  debt  obligations  and  mortgage
            participation certificates other than investments in mortgage-backed
            or mortgage participation  securities with yields evidencing extreme
            sensitivity  to the rate of  principal  payments  on the  underlying
            mortgages,   which  shall  not  constitute   Permitted   Investments
hereunder;                                              

     (ii)   repurchase   agreements  on  obligations  specified  in  clause  (i)
            maturing  not more  than  one  month  from  the date of  acquisition
            thereof with a corporation incorporated under the laws of the United
            States or any state  thereof  rated not lower  than "A-1" by S&P and
"F-1" by Fitch;                                         

     (iii)  federal  funds,  certificates  of  deposit,  demand  deposits,  time
            deposits and bankers' acceptances (which shall each have an original
            maturity  of not more  than 90 days  and,  in the  case of  bankers'
            acceptances,  shall in no event have an  original  maturity  of more
            than  365  days  or a  remaining  maturity  of more  than  30  days)
            denominated  in  United  States  dollars  of  any  U.S.   depository
            institution  or trust  company  incorporated  under  the laws of the
            United  States or any state  thereof,  rated not lower than "A-1" by
S&P and "F-1" by Fitch;                                 

     (iv)   commercial  paper (having  original  maturities of not more than 365
            days) of any corporation  incorporated  under the laws of the United
            States or any state  thereof  which is rated not lower than "A-1" by
S&P and "F-1" by Fitch;                                 

     (v)    investments in money market funds (including funds of the Trustee or
            its affiliates,  or funds for which an affiliate of the Trustee acts
            as  advisor,  as  well  as  funds  for  which  the  Trustee  and its
            affiliates may receive compensation) rated either "AAAm" or "AAAm G"
            by S&P, and "AAA" by Fitch or otherwise  approved in writing by each
Rating Agency; and                                      

     (vi)   other  obligations or securities  that are acceptable to each Rating
            Agency and, as evidenced by an Opinion of Counsel obtained by either
            Servicer,  will not affect the qualification of either of the REMICs
as a REMIC;                                             

provided,  however,  that no  instrument  shall be a Permitted  Investment if it
represents  either (a) the right to receive only interest  payments with respect
to the underlying debt instrument or (b) the right to receive both principal and
interest  payments derived from  obligations  underlying such instrument and the
principal  and  interest  with  respect  to such  instrument  provide a yield to
maturity  greater  than 120% of the yield to maturity at par of such  underlying
obligations.                                                                    

            PERMITTED  TRANSFEREE:  Any Person other than (i) the United States,
or  any  State  or  any  political   subdivision   thereof,  or  any  agency  or
instrumentality   of  any  of  the   foregoing,   (ii)  a  foreign   government,
international  organization  or any agency or  instrumentality  of either of the
foregoing,  (iii) an organization  which is exempt from tax imposed by Chapter 1
of the Code  (including  the tax imposed by Section 511 of the Code on unrelated
business taxable income) (except certain farmers' cooperatives described in Code
Section 521), (iv) rural electric and telephone  cooperatives  described in Code
Section  1381(a)(2)(C) and (v) any other Person so designated by either Servicer
based on an Opinion of Counsel to the effect  that any  transfer  to such Person
may cause the Trust or any other Holder of a Residual  Certificate  to incur tax
liability that would not be imposed other than on account of such transfer.  The
terms "United States," "State" and "international  organization"  shall have the
meanings set forth in Code Section 7701 or successor provisions.                

            PERSON:  Any individual,  corporation,  limited  liability  company,
partnership,   joint   venture,   association,   joint-stock   company,   trust,
unincorporated organization or government or any agency or political subdivision
thereof.                                                                        

            PHYSICAL  CERTIFICATES:  The Class B-4,  Class B-5, Class B-6, Class
A-R and Class A-LR Certificates.                                                

PLAN:  As defined in Section 6.02(e).                   

            PO  PERCENTAGE:  As to any Discount  Mortgage  Loan,  100% minus the
Non-PO  Percentage for such Mortgage Loan. As to any Mortgage Loan that is not a
Discount Mortgage Loan, 0%.                                                     

            PO PRINCIPAL  AMOUNT:  As to any  Distribution  Date, the sum of the
applicable PO Percentage  of (a) the principal  portion of each Monthly  Payment
(without giving effect,  prior to the reduction of the Bankruptcy Loss Amount to
zero, to any reductions  thereof caused by any Debt Service  Reductions)  due on
each Mortgage Loan on the related Due Date, (b) the Stated Principal Balance, as
of the date of  repurchase,  of each Mortgage Loan that was  repurchased  by the
related  Seller  or  the  Depositor  pursuant  to  this  Agreement  as  of  such
Distribution Date, (c) any Substitution Adjustment Amount in connection with any
Defective Mortgage Loan received with respect to such Distribution Date, (d) any
Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that
are not yet  Liquidated  Mortgage  Loans  received  during  the  calendar  month
preceding the month of such Distribution Date, (e) with respect to each Mortgage
Loan that became a Liquidated  Mortgage Loan during the calendar month preceding
the  month  of such  Distribution  Date,  the  amount  of  Liquidation  Proceeds
allocable to principal  received  with respect to such  Mortgage Loan during the
calendar  month  preceding the month of such  Distribution  Date with respect to
such  Mortgage  Loan  and (f) all  Principal  Prepayments  received  during  the
calendar month preceding the month of such Distribution Date.                   

            POOL DISTRIBUTION AMOUNT: As to any Distribution Date, the excess of
(a) the sum of (i) the  aggregate  of (A) the  interest  portion of any  Monthly
Payment  (net of the  Servicing  Fee) and the  principal  portion of any Monthly
Payment due on the Due Date in the month in which such  Distribution Date occurs
and  which is  received  prior  to the  related  Determination  Date and (B) all
Periodic Advances and payments of Compensating Interest made by the Servicers in
respect of such Distribution Date deposited to the Servicer  Custodial  Accounts
pursuant to Section 3.08(b)(vii);  (ii) all Liquidation Proceeds received during
the preceding  calendar month and deposited to the Servicer  Custodial  Accounts
pursuant  to Section  3.08(b)(iii);  (iii) all  Principal  Prepayments  received
during the month preceding the month of such  Distribution Date and deposited to
the  Servicer  Custodial  Accounts  pursuant to Section  3.08(b)(i)  during such
period;  (iv) in connection with Defective  Mortgage  Loans, as applicable,  the
aggregate of the Repurchase Prices and Substitution Adjustment Amounts deposited
on the related  Remittance  Date  pursuant to Section  3.08(b)(vi);  and (v) any
other amounts in the Servicer  Custodial  Accounts deposited therein pursuant to
Sections 3.08(b)(iv),  (v) and (viii) in respect of such Distribution Date; over
(b) any (i)  amounts  permitted  to be  withdrawn  from the  Servicer  Custodial
Accounts  pursuant to clauses (i) through (vii),  inclusive,  of Section 3.11(a)
and (ii) amounts permitted to be withdrawn from the Certificate Account pursuant
to clauses (i) and (ii) of Section 3.11(b).                                     

            POOL STATED  PRINCIPAL  BALANCE:  As to any  Distribution  Date, the
aggregate Stated Principal  Balances of all Mortgage Loans that were Outstanding
Mortgage  Loans  immediately  following  the  Due  Date  in the  month  of  such
Distribution Date.                                                              

            PREPAYMENT INTEREST SHORTFALL:  As to any Distribution Date and each
Mortgage  Loan subject to a Principal  Prepayment  received  during the calendar
month preceding such Distribution Date, the amount, if any, by which one month's
interest at the related  Mortgage  Interest Rate (net of the  Servicing  Fee) on
such Principal Prepayment exceeds the amount of interest paid in connection with
such Principal Prepayment.                                                      

            PRIMARY INSURANCE  POLICY:  Each policy of primary mortgage guaranty
insurance or any replacement  policy therefor with respect to any Mortgage Loan,
in each case issued by an insurer acceptable to FNMA or FHLMC.                  

            PRINCIPAL-ONLY  CERTIFICATES:  Any Class of Certificates entitled to
distributions of principal,  but to no distributions of interest. The Class A-PO
Certificates are the sole Class of Principal-Only Certificates.                 

            PRINCIPAL PREPAYMENT:  Any payment or other recovery of principal on
a Mortgage Loan (other than  Liquidation  Proceeds) which is received in advance
of its  scheduled  Due Date and is not  accompanied  by an  amount  of  interest
representing  scheduled interest due on any date or dates in any month or months
subsequent to the month of prepayment.                                          

            PRINCIPAL PREPAYMENT IN FULL: Any Principal Prepayment of the entire
principal balance of a Mortgage Loan.                                           

            PRIVATE  CERTIFICATES:  The  Class  B-4,  Class  B-5 and  Class  B-6
Certificates.                                                                   

            PRO  RATA  SHARE:  As to any  Distribution  Date  and any  Class  of
Subordinate  Certificates  that is not a  Restricted  Class,  the portion of the
Subordinate Principal  Distribution Amount allocable to such Class, equal to the
product of the Subordinate  Principal  Distribution Amount for such Distribution
Date and a fraction,  the  numerator of which is the related  Class  Certificate
Balance thereof and the denominator of which is the aggregate Class  Certificate
Balance of the Subordinate Certificates that are not Restricted Classes. The Pro
Rata Share of a Restricted Class shall be 0%.                                   

            QUALIFIED  APPRAISER:  An  appraiser  of a Mortgaged  Property  duly
appointed by the  originator of the related  Mortgage Loan, who had no interest,
direct  or  indirect,  in such  Mortgaged  Property  or in any loan  made on the
security  thereof,  whose  compensation  is  not  affected  by the  approval  or
disapproval of the related Mortgage Loan and who met the minimum  qualifications
of FNMA or FHLMC.                                                               

            RATING AGENCY: Each of Fitch and S&P. If either such organization or
a successor is no longer in existence,  "Rating Agency" shall be such nationally
recognized  statistical rating  organization,  or other comparable Person, as is
designated by the Depositor,  notice of which  designation shall be given to the
Trustee.  References  herein to a given  rating or rating  category  of a Rating
Agency shall mean such rating category without giving effect to any modifiers.  

            REALIZED  LOSS:  With respect to each  Liquidated  Mortgage Loan, an
amount as of the date of such  liquidation,  equal to (i) the  unpaid  principal
balance of the Liquidated Mortgage Loan as of the date of such liquidation, plus
(ii)  interest at the Net Mortgage  Interest  Rate from the Due Date as to which
interest was last paid or advanced (and not reimbursed) to Certificateholders up
to the Due Date in the month in which  Liquidation  Proceeds  are required to be
distributed on the Stated  Principal  Balance of such  Liquidated  Mortgage Loan
from time to time, minus (iii) the Liquidation Proceeds, if any, received during
the  month  in  which  such  liquidation  occurred,  to the  extent  applied  as
recoveries of interest at the Net Mortgage Interest Rate and to principal of the
Liquidated Mortgage Loan. With respect to each Mortgage Loan that has become the
subject of a Deficient Valuation,  if the principal amount due under the related
Mortgage Note has been reduced,  the difference between the principal balance of
the Mortgage Loan outstanding  immediately prior to such Deficient Valuation and
the  principal  balance  of the  Mortgage  Loan  as  reduced  by  the  Deficient
Valuation.  With respect to each  Mortgage Loan that has become the subject of a
Debt Service  Reduction and any Distribution  Date, the amount, if any, by which
the principal portion of the related Monthly Payment has been reduced.          

            RECORD  DATE:  The last day of the month  (or,  if such day is not a
Business  Day, the preceding  Business  Day)  preceding the month of the related
Distribution Date.                                                              

            REFINANCE  MORTGAGE  LOAN:  Any Mortgage  Loan the proceeds of which
were not used to purchase the related Mortgaged Property.                       

            REGULAR  CERTIFICATES:  As  defined  in  the  Preliminary  Statement
hereto.                                                                         

            RELIEF ACT: The Soldiers' and Sailors'  Civil Relief Act of 1940, as
amended.                                                                        

            RELIEF ACT REDUCTION: With respect to any Distribution Date, for any
Mortgage  Loan as to which there has been a reduction  in the amount of interest
collectible  thereon for the most recently  ended  calendar month as a result of
the  application  of the Relief Act,  the amount,  if any, by which (i) interest
collectible  on such Mortgage Loan for the most recently ended calendar month is
less than (ii)  interest  accrued  pursuant to the terms of the Mortgage Note on
the same principal amount and for the same period as the interest collectible on
such Mortgage Loan for the most recently ended calendar month.                  

            REMIC:  A "real  estate  mortgage  investment  conduit"  within  the
meaning of Section 860D of the Code.                                            

            REMIC CERTIFICATE MATURITY DATE: The "latest possible maturity date"
of the Regular Certificates as that term is defined in Section 2.08.            

            REMIC PROVISIONS:  Provisions of the federal income tax law relating
to real  estate  mortgage  investment  conduits,  which  appear at Section  860A
through 860G of Subchapter M of Chapter 1 of the Code,  and related  provisions,
and regulations promulgated  thereunder,  as the foregoing may be in effect from
time to time, as well as provisions of applicable state laws.                   

            REMITTANCE DATE: As to any  Distribution  Date, by 2:00 p.m. Eastern
time on the Business Day immediately preceding such Distribution Date.          

REO DISPOSITION PERIOD:  As defined in Section 3.14.    

            REO PROCEEDS:  Proceeds,  net of any related expenses of the related
Servicer,   received  in  respect  of  any  REO  Property  (including,   without
limitation,  proceeds from the rental of the related  Mortgaged  Property) which
are received prior to the final liquidation of such Mortgaged Property.         

            REO PROPERTY:  A Mortgaged Property acquired by a Servicer on behalf
of the Trust through  foreclosure or  deed-in-lieu  of foreclosure in connection
with a defaulted Mortgage Loan.                                                 

            REPURCHASE  PRICE: As to any Defective  Mortgage Loan repurchased on
any date  pursuant to Sections  2.02 or 2.05,  an amount equal to the sum of (i)
the  unpaid  principal  balance  thereof  and (ii) the unpaid  accrued  interest
thereon  at the  applicable  Mortgage  Interest  Rate from the Due Date to which
interest was last paid by the Mortgagor to the first day of the month  following
the month in which such Mortgage Loan became eligible to be repurchased.        

            REQUEST FOR RELEASE: The Request for Release submitted by a Servicer
to the Trustee or the Custodian on behalf of the Trustee,  substantially  in the
form of EXHIBIT E.                                                              

            REQUIRED  INSURANCE  POLICY:  With respect to any Mortgage Loan, any
insurance policy which is required to be maintained from time to time under this
Agreement in respect of such Mortgage Loan.                                     

            RESIDUAL  CERTIFICATE:  Either  of  the  Class  A-R  or  Class  A-LR
Certificate.                                                                    

            RESPONSIBLE  OFFICER:  When used with  respect to the  Trustee,  any
officer of the Corporate Trust  Department of the Trustee,  including any Senior
Vice President,  any Vice President, any Assistant Vice President, any Assistant
Secretary, any Trust Officer or Assistant Trust Officer, or any other officer of
the Trustee customarily  performing  functions similar to those performed by any
of  the  above   designated   officers   and  having   responsibility   for  the
administration of this Agreement.                                               

RESTRICTED CLASSES: As defined in Section 5.02(d).      

            S&P:  Standard & Poor's,  a division of The  McGraw-Hill  Companies,
Inc., or any successor thereto.                                                 

            SELLER:  With  respect  to the BA  Loans,  the BA Seller  and,  with
respect to the NMC Loans, the NMC Seller.                                       

SENIOR CERTIFICATES: The Class A Certificates.          

            SENIOR  CREDIT  SUPPORT  DEPLETION  DATE:  The  date  on  which  the
aggregate Class Certificate  Balance of the Subordinate  Certificates is reduced
to zero.                                                                        

            SENIOR  PERCENTAGE:  With  respect  to any  Distribution  Date,  the
percentage,  carried six places  rounded up,  obtained by dividing the aggregate
Class Certificate  Balance of the Senior Certificates (other than the Class A-PO
Certificates) immediately prior to such Distribution Date by the aggregate Class
Certificate  Balance of all Classes of  Certificates  (other than the Class A-PO
Certificates) immediately prior to such Distribution Date.                      

            SENIOR PREPAYMENT  PERCENTAGE:  For any Distribution Date during the
five years beginning on the first Distribution Date, 100%. The Senior Prepayment
Percentage for any Distribution Date occurring on or after the fifth anniversary
of the first  Distribution  Date will, except as provided herein, be as follows:
for any Distribution  Date in the first year thereafter,  the Senior  Percentage
plus 70% of the  Subordinate  Percentage  for such  Distribution  Date;  for any
Distribution Date in the second year thereafter,  the Senior Percentage plus 60%
of the Subordinate  Percentage for such Distribution  Date; for any Distribution
Date in the  third  year  thereafter,  the  Senior  Percentage  plus  40% of the
Subordinate  Percentage for such Distribution Date; for any Distribution Date in
the fourth year  thereafter,  the Senior  Percentage plus 20% of the Subordinate
Percentage  for such  Distribution  Date; and for any  Distribution  Date in the
fifth or later years  thereafter,  the Senior  Percentage for such  Distribution
Date (unless on any of the foregoing  Distribution  Dates the Senior  Percentage
exceeds  the  initial  Senior  Percentage,  in which case the Senior  Prepayment
Percentage   for  such   Distribution   Date  will  once  again   equal   100%).
Notwithstanding the foregoing,  no decrease in the Senior Prepayment  Percentage
will occur unless both of the Senior Step Down Conditions are satisfied.        

            SENIOR PRINCIPAL  DISTRIBUTION  AMOUNT: As to any Distribution Date,
the sum of (i) the Senior  Percentage of the applicable Non-PO Percentage of all
amounts  described  in clauses  (a)  through  (d) of the  definition  of "Non-PO
Principal  Amount"  for such  Distribution  Date and (ii) the Senior  Prepayment
Percentage  of the  applicable  Non-PO  Percentage  of the amounts  described in
clauses  (e) and (f) of the  definition  of "Non-PO  Principal  Amount" for such
Distribution Date; provided,  however,  that if a Debt Service Reduction that is
an Excess  Loss is  sustained  with  respect  to a  Mortgage  Loan that is not a
Liquidated  Mortgage  Loan,  the Senior  Principal  Distribution  Amount will be
reduced on the related  Distribution Date by the Senior Percentage of the Non-PO
Percentage of the principal portion of such Debt Service Reduction.             

            SENIOR STEP DOWN CONDITIONS: As of any Distribution Date as to which
any decrease in the Senior Prepayment  Percentage  applies,  (i) the outstanding
principal  balance of all  Mortgage  Loans  (including,  for this  purpose,  any
Mortgage Loans in  foreclosure  or any REO Property)  delinquent 60 days or more
(averaged over the preceding six month period), as a percentage of the aggregate
Class  Certificate  Balance of the Subordinate  Certificates  (averaged over the
preceding  six-month  period),  is not  equal  to or  greater  than  50% or (ii)
cumulative  Realized  Losses  with  respect  to  the  Mortgage  Loans  as of the
applicable  Distribution  Date do not exceed  the  percentages  of the  Original
Subordinate Certificate Balance set forth below:                                

                             PERCENTAGE OF
                              ORIGINAL SUBORDINATE
DISTRIBUTION DATE OCCURRING                  CERTIFICATE BALANCE                
---------------------------                  -------------------                

April 2004 through March 2005                        30%                        

April 2005 through March 2006                        35%                        

April 2006 through March 2007                        40%                        

April 2007 through March 2008                        45%                        

April 2008 and thereafter                            50%                        

            SERVICER:  With  respect to the BA Mortgage  Loans,  the BA Servicer
and, with respect to the NMC Mortgage Loans, the NMC Servicer.                  

            SERVICER  ADVANCE DATE:  As to any  Distribution  Date,  11:30 a.m.,
Eastern time, on the Business Day immediately preceding such Distribution Date. 

            SERVICER  CUSTODIAL  ACCOUNT:  The NMC Servicer Custodial Account or
the BA Servicer Custodial Account, as applicable.                               

            SERVICER'S CERTIFICATE: The monthly report required by Section 4.01.

            SERVICING ADVANCES: All customary,  reasonable and necessary "out of
pocket" costs and expenses incurred in the performance by either Servicer of its
servicing  obligations,  including,  but not  limited  to (i) the  preservation,
restoration and protection of a Mortgaged Property,  (ii) expenses  reimbursable
to such  Servicer  pursuant  to Section  3.14 and any  enforcement  or  judicial
proceedings, including foreclosures, (iii) the management and liquidation of any
REO Property and (iv) compliance with the obligations under Section 3.12.       

            SERVICING  FEE: With respect to each Mortgage Loan and  Distribution
Date, the amount of the fee payable to the related  Servicer,  which shall,  for
such Distribution  Date, be equal to one-twelfth of the product of the Servicing
Fee Rate with respect to such Mortgage Loan and the Stated Principal  Balance of
such Mortgage Loan,  subject to reduction as provided in Section 3.17.  Such fee
shall be payable  monthly,  computed on the basis of the same  Stated  Principal
Balance and period  respecting  which any related interest payment on a Mortgage
Loan is computed.  Each Servicer's right to receive the Servicing Fee is limited
to, and payable solely from, the interest  portion  (including  recoveries  with
respect to interest from Liquidation Proceeds and other proceeds,  to the extent
permitted  by  Section  3.11) of  related  Monthly  Payments  collected  by such
Servicer, or as otherwise provided under Section 3.11.                          

            SERVICING  FEE RATE:  With respect to each  Mortgage  Loan,  the per
annum rate equal to (i) the related Mortgage  Interest Rate less (ii) the sum of
6.50% and the Trustee Fee Rate; provided,  however,  that the Servicing Fee Rate
will not be less than 0.25% per annum with respect to any Mortgage Loan.        

            SERVICING FILE: The items  pertaining to a particular  Mortgage Loan
referred to in EXHIBIT J hereto,  and any  additional  documents  required to be
added to the Servicing File pursuant to the Agreement.                          

            SERVICING  OFFICER:  Any  officer  of a  Servicer  involved  in,  or
responsible  for, the  administration  and servicing of the Mortgage Loans whose
name  appears on a list of servicing  officers  furnished to the Trustee by such
Servicer, as such list may from time to time be amended.                        

SIMILAR LAW:  As defined in Section 6.02(e).            

            SPECIAL HAZARD LOSS: As to a Mortgaged  Property,  any Realized Loss
on account  of direct  physical  loss,  exclusive  of (i) any loss  covered by a
hazard  policy  or a  flood  insurance  policy  maintained  in  respect  of such
Mortgaged  Property  pursuant  to  Section  3.12 and (ii) any loss  caused by or
resulting from:                                                                 

            (a) (i) wear and tear, deterioration,  rust or corrosion,  mold, wet
or dry rot; inherent vice or latent defect;  animals,  birds, vermin or insects;
or                                                                              

            (ii)  settling,   subsidence,   cracking,   shrinkage,  building  or
  expansion of pavements, foundations, walls, floors, roofs or ceilings;

            (b) errors in design, faulty workmanship or faulty materials, unless
the  collapse  of the  property or a part  thereof  ensues and then only for the
ensuing loss;                                                                   

            (c) nuclear or chemical reaction or nuclear radiation or radioactive
or chemical contamination,  all whether controlled or uncontrolled,  and whether
such loss is direct or indirect, proximate or remote; or                        

            (d) (i) hostile or warlike action in time of peace or war, including
action in  hindering,  combating  or defending  against an actual,  impending or
expected  attack (A) by any government or sovereign power (de jure or de facto),
or by any authority  maintaining or using military,  naval or air forces; or (B)
by  military,  naval or air forces;  or (C) by an agent of any such  government,
power, authority or forces;                                                     

            (ii) any weapon of war or  facility  for  producing  same  employing
      atomic fission,  radioactive force or chemical or biological contaminants,
whether in time of peace or war; or                                 

            (iii) insurrection,  rebellion, revolution, civil war, usurped power
      or action  taken by  governmental  authority  in  hindering,  combating or
      defending  against  such  an  occurrence,  seizure  or  destruction  under
      quarantine or customs regulations, confiscation by order of any government
      or public authority,  or risks of contraband or illegal  transportation or
trade.                                                              

            SPECIAL HAZARD LOSS AMOUNT: As to any Distribution  Date, the lesser
of (a) the  greatest  of (i) 1% of the  Pool  Stated  Principal  Balance  of the
Mortgage Loans,  (ii) twice the principal  balance of the largest Mortgage Loan,
and (iii) the  aggregate  principal  balance of all  Mortgage  Loans  secured by
Mortgaged Properties located in the single California five-digit postal zip code
having  the  highest  aggregate  principal  balance  of any zip code  area  (all
principal  balances to be calculated as of the first day of the month  preceding
such Distribution Date after giving effect to Monthly Payments then due, whether
or not paid) and (b) the Initial  Special  Hazard Loss Amount,  reduced (but not
below  zero) by the amount of  Realized  Losses in  respect  of  Special  Hazard
Mortgage  Loans  previously  incurred  during the period from the  Cut-Off  Date
through the last day of the month preceding the month of such Distribution Date.
The Special  Hazard Loss Amount may be further  reduced  from time to time below
the amounts  specified above with the written consent of the Rating Agencies and
without   resulting  in  a  downgrading  to  the  then-current   rating  of  the
Certificates.                                                                   

            SPECIAL HAZARD  MORTGAGE  LOAN:  Any Liquidated  Mortgage Loan as to
which the ability to recover thereon was  substantially  impaired by reason of a
hazard  or loss  not  covered  by a hazard  policy  or  flood  insurance  policy
maintained in respect of such Mortgaged Property pursuant to Section 3.12.      

            STATED  PRINCIPAL  BALANCE:  As to any Mortgage  Loan and date,  the
unpaid  principal  balance of such Mortgage Loan as of the Due Date  immediately
preceding  such  date as  specified  in the  amortization  schedule  at the time
relating thereto (before any adjustment to such amortization  schedule by reason
of any  moratorium or similar waiver or grace period) after giving effect to any
previous partial  Principal  Prepayments and Liquidation  Proceeds  allocable to
principal  (other than with respect to any Liquidated  Mortgage Loan) and to the
payment of principal due on such Due Date and irrespective of any delinquency in
payment by the  related  Mortgagor,  and after  giving  effect to any  Deficient
Valuation.                                                                      

SUBORDINATE CERTIFICATES:  The Class B Certificates.    

            SUBORDINATE PERCENTAGE:  As of any Distribution Date, 100% minus the
Senior Percentage for such Distribution Date.                                   

            SUBORDINATE PREPAYMENT PERCENTAGE: As to any Distribution Date, 100%
minus the Senior Prepayment Percentage for such Distribution Date.              

            SUBORDINATE  PRINCIPAL  DISTRIBUTION  AMOUNT:  With  respect  to any
Distribution Date, an amount equal to the sum of (i) the Subordinate  Percentage
of the  applicable  Non-PO  Percentage  of all amounts  described in clauses (a)
through (d) of the definition of "Non-PO Principal Amount" for such Distribution
Date and (ii) the  Subordinate  Prepayment  Percentage of the applicable  Non-PO
Percentage of the amounts  described in clauses (e) and (f) of the definition of
"Non-PO Principal Amount" for such Distribution Date; provided, however, that if
a Debt Service  Reduction  that is an Excess Loss is sustained with respect to a
Mortgage Loan that is not a Liquidated Mortgage Loan, the Subordinate  Principal
Distribution  Amount  will be reduced on the  related  Distribution  Date by the
Subordinate  Percentage  of the  applicable  Non-PO  Percentage of the principal
portion of such Debt Service Reduction.                                         

            SUBSERVICER:  Any Person with which a Servicer  has  entered  into a
Subservicing Agreement and which satisfies the requirements set forth therein.  

            SUBSERVICING   AGREEMENT:   Any  subservicing  agreement  between  a
Servicer and any  Subservicer  relating to servicing  and/or  administration  of
certain Mortgage Loans as provided in Section 3.02.                             

            SUBSTITUTE   MORTGAGE  LOAN:  A  Mortgage  Loan  substituted  for  a
Defective  Mortgage Loan which must, on the date of such substitution (i) have a
Stated  Principal  Balance,  after  deduction  of the  principal  portion of the
Monthly Payment due in the month of substitution, not in excess of, and not more
than 10% less than, the Stated Principal Balance of the Defective Mortgage Loan;
(ii) have a Net Mortgage  Interest Rate equal to that of the Defective  Mortgage
Loan;  (iii) have a  Loan-to-Value  Ratio not higher than that of the  Defective
Mortgage Loan;  (iv) have a remaining term to maturity not greater than (and not
more than one year less  than)  that of the  Defective  Mortgage  Loan;  and (v)
comply with each Mortgage Loan representation and warranty set forth in the Sale
Agreement  relating to the Defective  Mortgage  Loan.  More than one  Substitute
Mortgage  Loan  may  be  substituted  for a  Defective  Mortgage  Loan  if  such
Substitute Mortgage Loans meet the foregoing attributes in the aggregate.       

    SUBSTITUTION ADJUSTMENT AMOUNT:  As defined in Section 2.02.

            TAC  GROUP:  The Class  A-13  Certificates  and the  Class  A-14 TAC
Component, collectively.                                                        

            TAC PRINCIPAL  AMOUNT:  As to any Distribution  Date and for the TAC
Group, the amount, if any, that would reduce the balance of the TAC Group to the
balance  shown  in the  table  set  forth  in  EXHIBIT  K with  respect  to such
Distribution Date.                                                              

            TAX MATTERS PERSON: The person designated as "tax matters person" in
accordance with Section 5.06 and the manner  provided under Treasury  Regulation
ss. 1.860F-4(d) and Treasury Regulation ss. 301.6231(a)(7)-1.                   

            TREASURY   REGULATIONS:   The   final  and   temporary   regulations
promulgated under the Code by the U.S. Department of the Treasury.              

TRUST:  The trust created by this Agreement.            

            TRUST  ESTATE:  The  corpus  of the  Trust  created  to  the  extent
described  herein,  consisting of the Mortgage Loans,  such assets as shall from
time to time be  identified as deposited in the Servicer  Custodial  Accounts or
the Certificate  Account, in accordance with this Agreement,  REO Property,  the
Primary Insurance Policies and any other Required Insurance Policy.             

            TRUSTEE: The Bank of New York, and its  successors-in-interest  and,
if a successor trustee is appointed hereunder, such successor, as trustee.      

            TRUSTEE  FEE:  As to any  Distribution  Date,  an  amount  equal  to
one-twelfth of the Trustee Fee Rate multiplied by the aggregate Stated Principal
Balance of the Mortgage  Loans  immediately  following the Due Date in the month
preceding the month in which such Distribution Date occurs.                     

            TRUSTEE FEE RATE:  With respect to each Mortgage  Loan,  0.0035% per
annum.                                                                          

            UNCERTIFICATED  LOWER-TIER  INTEREST:  A  regular  interest  in  the
Lower-Tier  REMIC  which  is held as an  asset of the  Upper-Tier  REMIC  and is
entitled to monthly  distributions as provided in Section 5.02(a) hereof. Any of
the Class A-L1, Class A-L7, Class A-L8, Class A-L11,  Class A-L12,  Class A-L13,
Class A-LPO,  Class A-LUR, Class B-L1, Class B-L2, Class B-L3, Class B-L4, Class
B-L5 and Class B-L6 Interests are Uncertificated Lower-Tier Interests.          

            UNDERWRITING GUIDELINES:  The underwriting guidelines of the Bank of
America, FSB or NationsBanc Mortgage Corporation, as applicable.                

            UPPER-TIER  CERTIFICATE:  Any one of the Class A Certificates (other
than the Class A-LR Certificate) and the Class B Certificates.                  

            UPPER-TIER   CERTIFICATE  ACCOUNT:  The  separate  Eligible  Account
established and maintained by the Trustee pursuant to Section 3.08(f).          

            UPPER-TIER  REMIC:  As defined  in the  Preliminary  Statement,  the
assets of which  consist of the  Uncertificated  Lower-Tier  Interests  and such
amounts  as  shall  from  time to time  be  held in the  Upper-Tier  Certificate
Account.                                                                        

            U.S.  PERSON:  A  citizen  or  resident  of  the  United  States,  a
corporation or partnership (except to the extent provided in applicable Treasury
Regulations) created or organized in or under the laws of the United States, any
State  thereof or the  District of Columbia,  including  an entity  treated as a
corporation  or partnership  for federal income tax purposes,  an estate that is
subject to United  States  federal  income tax,  regardless of the source of its
income,  or a trust,  if a court  within the United  States is able to  exercise
primary  supervision over the administration of such trust, and one or more such
U.S.  Persons have the  authority to control all  substantial  decisions of such
trust (or, to the extent provided in applicable  Treasury  Regulations,  certain
trusts in existence on August 20, 1996 which are eligible to elect to be treated
as U.S. Persons).                                                               

            VOTING  RIGHTS:  The  portion  of the  voting  rights  of all of the
Certificates  which  is  allocated  to  any  Certificate.  As  of  any  date  of
determination,  (a) 1% of all Voting Rights shall be allocated to the Holders of
the  Residual  Certificates,  and (b)  the  remaining  Voting  Rights  shall  be
allocated  among Holders of the remaining  Classes of Certificates in proportion
to the Certificate Balances of their respective Certificates on such date.      

            Section 1.02 INTEREST  CALCULATIONS.  All  calculations  of interest
will be made on a 360-day year  consisting of twelve 30-day  months.  All dollar
amounts calculated hereunder shall be rounded to the nearest penny with one-half
of one penny being rounded down.                                                

ARTICLE II

CONVEYANCE OF MORTGAGE LOANS
 ORIGINAL ISSUANCE OF CERTIFICATES

Section 2.01      CONVEYANCE OF MORTGAGE LOANS.         

            (a)   The  Depositor,  concurrently  with the execution and delivery
hereof, hereby sells, transfers, assigns, sets over and otherwise conveys to the
Trustee  on  behalf  of the Trust  for the  benefit  of the  Certificateholders,
without recourse,  all the right,  title and interest of the Depositor in and to
the Mortgage  Loans,  including all interest and  principal  received on or with
respect to the Mortgage Loans (other than payments of principal and interest due
and payable on the Mortgage Loans on or before the Cut-Off Date).  The foregoing
sale,  transfer,  assignment and set over does not and is not intended to result
in a creation of an assumption by the Trustee of any obligation of the Depositor
or any other Person in  connection  with the Mortgage  Loans or any agreement or
instrument relating thereto, except as specifically set forth herein.           

            (b)   In connection with such transfer and assignment, the Depositor
has  delivered or caused to be delivered to the Trustee,  for the benefit of the
Certificateholders,  the following documents or instruments with respect to each
Mortgage Loan so assigned:                                                      

               (i)  the original Mortgage Note,  endorsed by manual or facsimile
      signature  in the  following  form:  "Pay to the  order of The Bank of New
      York,  as  Trustee,  without  recourse,"  with all  necessary  intervening
      endorsements  showing a complete chain of endorsement  from the originator
      to the Trustee  (each such  endorsement  being  sufficient to transfer all
      right,  title and interest of the party so  endorsing,  as  noteholder  or
assignee thereof, in and to that Mortgage Note);                    

               (ii) except as provided  below,  the original  recorded  Mortgage
      with evidence of a recording thereon, or if any such Mortgage has not been
      returned from the applicable recording office or has been lost, or if such
      public recording office retains the original recorded Mortgage,  a copy of
      such Mortgage  certified by the Depositor as being a true and correct copy
of the Mortgage;                                                    

               (iii) subject to the proviso at the end of this paragraph, a duly
      executed  Assignment  of Mortgage to "The Bank of New York, as trustee for
      the  holders of the Bank of America  Mortgage  Securities,  Inc.  Mortgage
      Pass-Through  Certificates,  Series  1999-2"  (which may be  included in a
      blanket  assignment or  assignments),  together  with,  except as provided
      below, originals of all interim recorded assignments of such mortgage or a
      copy of such interim assignment certified by the Depositor as being a true
      and complete  copy of the original  recorded  intervening  assignments  of
      Mortgage (each such assignment,  when duly and validly completed, to be in
      recordable form and sufficient to effect the assignment of and transfer to
      the assignee thereof, under the Mortgage to which the assignment relates);
      provided  that,  if the related  Mortgage has not been  returned  from the
      applicable  public  recording  office,  such  Assignment  of Mortgage  may
exclude the information to be provided by the recording office;     

               (iv) the originals of all assumption, modification, consolidation
      or extension  agreements,  if any, with evidence of recording thereon,  if
any;                                                                

               (v)  the original or duplicate original mortgagee title insurance
policy and all riders thereto;                                      

               (vi)  the original of any guarantee  executed in connection  with
the Mortgage Note;                                                  

               (vii) for each  Mortgage  Loan which is secured by a  residential
      long-term lease, a copy of the lease with evidence of recording  indicated
      thereon, or, if the lease is in the process of being recorded, a photocopy
      of the lease,  certified  by an officer of the  respective  prior owner of
      such  Mortgage  Loan  or  by  the  applicable  title  insurance   company,
      closing/settlement/escrow  agent or company or  closing  attorney  to be a
true and correct copy of the lease transmitted for recordation; and 

               (viii) the original of any security  agreement,  chattel mortgage
or equivalent document executed in connection with the Mortgage;    

provided,  however,  that on the Closing Date,  with respect to item (iii),  the
Depositor has delivered to the Trustee a copy of such  Assignment of Mortgage in
blank and has caused the related Servicer to retain the completed  Assignment of
Mortgage for  recording as described  below.  In addition,  if the  Depositor is
unable to deliver or cause the delivery of any original Mortgage Note due to the
loss of such original  Mortgage  Note,  the Depositor may deliver a copy of such
Mortgage Note, together with a lost note affidavit,  and shall thereby be deemed
to have satisfied the document delivery requirements of this Section 2.01(b).   

            If in  connection  with any Mortgage  Loans,  the  Depositor  cannot
deliver  (A)  the  Mortgage,  (B)  all  interim  recorded  assignments,  (C) all
assumption, modification,  consolidation or extension agreements, if any, or (D)
the lender's  title policy  (together  with all riders  thereto)  satisfying the
requirements  of  clause  (ii),   (iii),   (iv)  or  (v)  above,   respectively,
concurrently  with the  execution and delivery  hereof  because such document or
documents have not been returned from the applicable  public recording office in
the case of clause  (ii),  (iii) or (iv) above,  or because the title policy has
not been  delivered  to either the  related  Servicer  or the  Depositor  by the
applicable  title insurer in the case of clause (v) above,  the Depositor  shall
promptly  deliver or cause to be  delivered  to the Trustee or the  Custodian on
behalf of the  Trustee,  in the case of clause (ii),  (iii) or (iv) above,  such
Mortgage,   such   interim   assignment   or  such   assumption,   modification,
consolidation  or  extension  agreement,  as the case may be,  with  evidence of
recording  indicated  thereon  upon receipt  thereof  from the public  recording
office,  but in no event  shall  any such  delivery  of any  such  documents  or
instruments be made later than one year following the Closing Date,  unless,  in
the case of clause (ii), (iii) or (iv) above,  there has been a continuing delay
at the applicable recording office or, in the case of clause (v), there has been
a continuing delay at the applicable insurer and the Depositor has delivered the
Officer's Certificate to such effect to the Trustee. The Depositor shall forward
or  cause to be  forwarded  to the  Trustee  (1)  from  time to time  additional
original  documents  evidencing an assumption or modification of a Mortgage Loan
and (2) any other documents  required to be delivered by the Depositor or either
Servicer to the Trustee or the Custodian on the Trustee's  behalf.  In the event
that the original  Mortgage is not delivered and in connection  with the payment
in full of the related  Mortgage Loan the public  recording  office requires the
presentation of a "lost  instruments  affidavit and indemnity" or any equivalent
document,  because  only a copy  of the  Mortgage  can  be  delivered  with  the
instrument of satisfaction or reconveyance,  the related Servicer shall prepare,
execute and deliver or cause to be prepared,  executed and delivered,  on behalf
of the Trust, such a document to the public recording office.                   

            As  promptly  as   practicable   subsequent  to  such  transfer  and
assignment, and in any event, within 30 days thereafter, the Servicers shall (I)
cause each  Assignment  of Mortgage to be in proper  form for  recording  in the
appropriate  public  office  for real  property  records  within  30 days of the
Closing Date and (II) at the  Depositor's  expense,  cause to be  delivered  for
recording  in the  appropriate  public  office  for real  property  records  the
Assignments  of the Mortgages to the Trustee,  except that,  with respect to any
Assignment of a Mortgage as to which a Servicer has not received the information
required  to  prepare  such  assignment  in  recordable  form,  such  Servicer's
obligation to do so and to deliver the same for such recording  shall be as soon
as practicable after receipt of such information and in any event within 30 days
after the receipt thereof and, no recording of an Assignment of Mortgage will be
required if the  Depositor  furnishes to the Trustee an  unqualified  Opinion of
Counsel  reasonably  acceptable to the Trustee to the effect that recordation of
such  assignment is not  necessary  under  applicable  state law to preserve the
Trustee's  interest  in the  related  Mortgage  Loan  against  the  claim of any
subsequent transferee of such Mortgage Loan or any successor to, or creditor of,
the Depositor or the originator of such Mortgage Loan.                          

            In the case of Mortgage  Loans that have been  prepaid in full as of
the Closing Date,  the Depositor,  in lieu of delivering the above  documents to
the Trustee,  or the Custodian on the Trustee's  behalf,  will cause the related
Servicer to deposit in the  related  Servicer  Custodial  Account the portion of
such payment that is required to be deposited in such Servicer Custodial Account
pursuant to Section 3.08.                                                       

            Section  2.02  ACCEPTANCE  BY THE  TRUSTEE  OF THE  MORTGAGE  LOANS.
Subject to the provisions of the following paragraph,  the Trustee declares that
it, or the  Custodian  as its  agent,  will hold the  documents  referred  to in
Section 2.01 and the other documents  delivered to it constituting  the Mortgage
Files,  and that it will hold such  other  assets as are  included  in the Trust
Estate,  in trust for the  exclusive  use and  benefit of all present and future
Certificateholders.                                                             

            Within 90 days after the execution  and delivery of this  Agreement,
the Trustee shall review,  or cause the Custodian to review,  the Mortgage Files
in its  possession.  If,  in the  course  of such  review,  the  Trustee  or the
Custodian  finds any document  constituting a part of a Mortgage File which does
not meet the requirements of Section 2.01 or is omitted from such Mortgage File,
the Trustee shall promptly so notify the related Servicer and the Depositor,  or
shall cause the  Custodian  to promptly so notify the related  Servicer  and the
Depositor.  In  performing  any such review,  the Trustee or the  Custodian  may
conclusively  rely on the  purported  genuineness  of any such  document and any
signature  thereon.  It is  understood  that the scope of the  Trustee's  or the
Custodian's  review of the Mortgage Files is limited  solely to confirming  that
the documents  listed in Section 2.01 have been received and further  confirming
that any and all  documents  delivered  pursuant to Section 2.01 appear on their
face to have been  executed and relate to the Mortgage  Loans  identified in the
Mortgage Loan  Schedule.  Neither the Trustee nor the  Custodian  shall have any
responsibility  for  determining  whether  any  document  is valid and  binding,
whether the text of any  assignment  or  endorsement  is in proper or recordable
form, whether any document has been recorded in accordance with the requirements
of any applicable jurisdiction,  or whether a blanket assignment is permitted in
any applicable  jurisdiction.  The Depositor hereby covenants and agrees that it
will promptly correct or cure such defect within 90 days from the date it was so
notified  of such defect  and,  if the  Depositor  does not correct or cure such
defect within such period,  the  Depositor  will either (a)  substitute  for the
related Mortgage Loan a Substitute  Mortgage Loan, which  substitution  shall be
accomplished  in the manner and subject to the conditions set forth below or (b)
purchase such Mortgage  Loan from the Trustee at the  Repurchase  Price for such
Mortgage  Loan;  provided,  however,  that in no event shall such a substitution
occur more than two years from the Closing Date;  provided,  further,  that such
substitution  or  repurchase  shall occur within 90 days of when such defect was
discovered  if such defect will cause the  Mortgage  Loan not to be a "qualified
mortgage" within the meaning of Section 860G(a)(3) of the Code.                 

            With respect to each  Substitute  Mortgage Loan the Depositor  shall
deliver to the Trustee, for the benefit of the Certificateholders,  the Mortgage
Note, the Mortgage, the related Assignment of Mortgage, and such other documents
and agreements as are otherwise required by Section 2.01, with the Mortgage Note
endorsed and the Mortgage  assigned as required by Section 2.01. No substitution
is permitted to be made in any calendar month after the  Determination  Date for
such month.  Monthly  Payments due with respect to any such Substitute  Mortgage
Loan in the month of substitution shall not be part of the Trust Estate and will
be retained by the Depositor.  For the month of  substitution,  distributions to
Certificateholders  will  include the Monthly  Payment due for such month on any
Defective  Mortgage Loan for which the  Depositor  has  substituted a Substitute
Mortgage Loan.                                                                  

            The  applicable  Servicer shall amend the Mortgage Loan Schedule for
the benefit of the  Certificateholders  to reflect the removal of each  Mortgage
Loan serviced by such Servicer that has become a Defective Mortgage Loan and the
substitution  of the  Substitute  Mortgage Loan or Loans and such Servicer shall
deliver the amended  Mortgage  Loan  Schedule to the Trustee and the  Custodian.
Upon such  substitution,  each Substitute  Mortgage Loan shall be subject to the
terms of this  Agreement in all respects,  and the Depositor  shall be deemed to
have made to the Trustee with respect to such  Substitute  Mortgage  Loan, as of
the date of substitution,  the  representations  and warranties made pursuant to
Section 2.05. Upon any such substitution and the deposit to the related Servicer
Custodial Account of any required  Substitution  Adjustment Amount (as described
in the next  paragraph) and receipt of a Request for Release,  the Trustee shall
release, or shall direct the Custodian to release, the Mortgage File relating to
such  Defective  Mortgage Loan to the Depositor and shall execute and deliver at
the Depositor's direction such instruments of transfer or assignment prepared by
the  Depositor,  in each case  without  recourse,  as shall be necessary to vest
title in the  Depositor,  or its  designee,  to the  Trustee's  interest  in any
Defective Mortgage Loan substituted for pursuant to this Section 2.02.          

            For  any  month  in  which  the  Depositor  substitutes  one or more
Substitute  Mortgage Loans for one or more Defective  Mortgage Loans, the amount
(if  any) by which  the  aggregate  principal  balance  of all  such  Substitute
Mortgage Loans as of the date of substitution is less than the aggregate  Stated
Principal Balance of all such Defective Mortgage Loans (after application of the
principal portion of the Monthly Payments due in the month of substitution) (the
"SUBSTITUTION  ADJUSTMENT  AMOUNT") plus an amount equal to the aggregate of any
unreimbursed  Advances with respect to such  Defective  Mortgage  Loans shall be
deposited  into the  Certificate  Account  by the  Depositor  on or  before  the
Remittance Date for the  Distribution  Date in the month succeeding the calendar
month  during  which the related  Mortgage  Loan is required to be  purchased or
replaced hereunder.                                                             

            The  Trustee  shall  retain or shall cause the  Custodian  to retain
possession  and custody of each Mortgage File in accordance  with and subject to
the terms and conditions set forth herein.  Each Servicer shall promptly deliver
to the  Trustee,  upon the  execution  or,  in the case of  documents  requiring
recording, receipt thereof, the originals of such other documents or instruments
constituting the Mortgage File as come into such Servicer's possession from time
to time.                                                                        

            It is understood  and agreed that the obligation of the Depositor to
substitute  for or to  purchase  any  Mortgage  Loan  which  does  not  meet the
requirements  of Section 2.01 shall  constitute the sole remedy  respecting such
defect available to the Trustee and any Certificateholder against the Depositor.

            The Trustee or the  Custodian,  on behalf of the  Trustee,  shall be
under  no  duty or  obligation  (i) to  inspect,  review  or  examine  any  such
documents, instruments,  certificates or other papers to determine that they are
genuine,  enforceable,  or appropriate for the represented  purpose or that they
are other  than  what  they  purport  to be on their  face or (ii) to  determine
whether any  Mortgage  File should  include any of the  documents  specified  in
Section 2.01(b)(iv), (vi), (vii) and (viii).                                    

            Section 2.03  REPRESENTATIONS,  WARRANTIES  AND COVENANTS OF THE NMC
SERVICER.                   

            The NMC Servicer  hereby  makes the  following  representations  and
warranties to the Depositor and the Trustee, as of the Closing Date:            

               (i)  The NMC Servicer is a corporation  duly  organized,  validly
      existing,  and in good  standing  under the laws of the State of Texas and
      has all licenses necessary to carry on its business as now being conducted
      and is  licensed,  qualified  and in good  standing  in each of the states
      where a Mortgaged  Property  is located if the laws of such state  require
      licensing  or  qualification  in order  to  conduct  business  of the type
      conducted by the NMC Servicer.  The NMC Servicer has  corporate  power and
      authority  to  execute  and  deliver  this  Agreement  and to  perform  in
      accordance  herewith;  the  execution,  delivery and  performance  of this
      Agreement  (including all instruments of transfer to be delivered pursuant
      to  this  Agreement)  by the NMC  Servicer  and  the  consummation  of the
      transactions  contemplated  hereby have been duly and validly  authorized.
      This Agreement, assuming due authorization,  execution and delivery by the
      other  parties  hereto,  evidences  the  valid,  binding  and  enforceable
      obligation  of the NMC  Servicer,  subject  to  applicable  law  except as
      enforceability may be limited by (A) bankruptcy, insolvency,  liquidation,
      receivership,  moratorium,  reorganization or other similar laws affecting
      the  enforcement of the rights of creditors and (B) general  principles of
      equity, whether enforcement is sought in a proceeding in equity or at law.
      All requisite  corporate action has been taken by the NMC Servicer to make
      this Agreement  valid and binding upon the NMC Servicer in accordance with
its terms.                                                          

               (ii) No consent, approval, authorization or order is required for
      the   transactions   contemplated   by  this  Agreement  from  any  court,
      governmental  agency or body,  or  federal or state  regulatory  authority
      having  jurisdiction  over the NMC  Servicer is required  or, if required,
      such consent, approval,  authorization or order has been or will, prior to
the Closing Date, be obtained.                                      

               (iii) The consummation of the  transactions  contemplated by this
      Agreement  are in the ordinary  course of business of the NMC Servicer and
      will not result in the breach of any term or  provision  of the charter or
      by-laws  of the NMC  Servicer  or  result  in the  breach  of any  term or
      provision  of, or conflict with or constitute a default under or result in
      the acceleration of any obligation under, any agreement, indenture or loan
      or credit  agreement or other  instrument to which the NMC Servicer or its
      property  is  subject,  or  result  in the  violation  of any  law,  rule,
      regulation,  order,  judgment  or decree to which the NMC  Servicer or its
property is subject.                                                

               (iv)  There  is no  action,  suit,  proceeding  or  investigation
      pending or, to the best knowledge of the NMC Servicer,  threatened against
      the NMC Servicer which,  either  individually  or in the aggregate,  would
      result  in  any  material  adverse  change  in the  business,  operations,
      financial condition,  properties or assets of the NMC Servicer,  or in any
      material  impairment  of the right or ability of the NMC Servicer to carry
      on its business  substantially  as now  conducted or which would draw into
      question  the validity of this  Agreement or the Mortgage  Loans or of any
      action taken or to be taken in connection  with the obligations of the NMC
      Servicer contemplated herein, or which would materially impair the ability
of the NMC Servicer to perform under the terms of this Agreement.   

               (v) The NMC Servicer is working to modify its  computer and other
      systems used in servicing  the Mortgage  Loans to operate in a manner such
      that,  on and after  January 1, 2000,  the NMC  Servicer  can  service the
Mortgage Loans in accordance with the terms of this Agreement.      

            The representations and warranties made or assigned pursuant to this
Section 2.03 shall  survive  delivery of the  respective  Mortgage  Files to the
Trustee for the benefit of the Certificateholders.                              

            Section 2.04  REPRESENTATIONS,  WARRANTIES  AND  COVENANTS OF THE BA
SERVICER.                   

            The BA  Servicer  hereby  makes the  following  representations  and
warranties to the Depositor and the Trustee, as of the Closing Date:            

                (i) The BA Servicer is a federal  savings  bank duly  organized,
      validly  existing,  and in good  standing  under the  federal  laws of the
      United  States of America and has all  licenses  necessary to carry on its
      business as now being  conducted  and is licensed,  qualified  and in good
      standing in each of the states  where a  Mortgaged  Property is located if
      the laws of such state  require  licensing  or  qualification  in order to
      conduct business of the type conducted by the BA Servicer. The BA Servicer
      has power and  authority  to execute and  deliver  this  Agreement  and to
      perform in accordance herewith; the execution, delivery and performance of
      this  Agreement  (including  all  instruments  of transfer to be delivered
      pursuant to this Agreement) by the BA Servicer and the consummation of the
      transactions  contemplated  hereby have been duly and validly  authorized.
      This Agreement, assuming due authorization,  execution and delivery by the
      other  parties  hereto,  evidences  the  valid,  binding  and  enforceable
      obligation  of the BA  Servicer,  subject  to  applicable  law  except  as
      enforceability may be limited by (A) bankruptcy, insolvency,  liquidation,
      receivership,  moratorium,  reorganization or other similar laws affecting
      the  enforcement of the rights of creditors and (B) general  principles of
      equity, whether enforcement is sought in a proceeding in equity or at law.
      All requisite  corporate  action has been taken by the BA Servicer to make
      this Agreement  valid and binding upon the BA Servicer in accordance  with
its terms.                                                          

                (ii) No consent,  approval,  authorization  or order is required
      for the  transactions  contemplated  by this  Agreement  from  any  court,
      governmental  agency or body,  or  federal or state  regulatory  authority
      having jurisdiction over the BA Servicer is required or, if required, such
      consent,  approval,  authorization or order has been or will, prior to the
Closing Date, be obtained.                                          

                (iii) The consummation of the transactions  contemplated by this
      Agreement  are in the  ordinary  course of business of the BA Servicer and
      will not result in the breach of any term or  provision  of the charter or
      by-laws  of the BA  Servicer  or  result  in the  breach  of any  term  or
      provision  of, or conflict with or constitute a default under or result in
      the acceleration of any obligation under, any agreement, indenture or loan
      or credit  agreement or other  instrument  to which the BA Servicer or its
      property  is  subject,  or  result  in the  violation  of any  law,  rule,
      regulation,  order,  judgment  or decree to which the BA  Servicer  or its
property is subject.                                                

                (iv)  There is no  action,  suit,  proceeding  or  investigation
      pending or, to the best knowledge of the BA Servicer,  threatened  against
      the BA Servicer  which,  either  individually  or in the aggregate,  would
      result  in  any  material  adverse  change  in the  business,  operations,
      financial  condition,  properties or assets of the BA Servicer,  or in any
      material impairment of the right or ability of the BA Servicer to carry on
      its  business  substantially  as now  conducted  or which  would draw into
      question  the validity of this  Agreement or the Mortgage  Loans or of any
      action taken or to be taken in connection  with the  obligations of the BA
      Servicer contemplated herein, or which would materially impair the ability
of the BA Servicer to perform under the terms of this Agreement.    

                (v) The BA Servicer is working to modify its  computer and other
      systems used in servicing  the Mortgage  Loans to operate in a manner such
      that,  on and after  January 1, 2000,  the BA  Servicer  can  service  the
Mortgage Loans in accordance with the terms of this Agreement.      

            The  representations  and  warranties  made pursuant to this Section
2.04 shall survive delivery of the respective  Mortgage Files to the Trustee for
the benefit of the Certificateholders.                                          

            Section 2.05  REPRESENTATIONS  AND WARRANTIES OF THE DEPOSITOR AS TO
THE MORTGAGE LOANS.         

            The  Depositor  hereby  represents  and warrants to the Trustee with
respect to the Mortgage  Loans or each Mortgage  Loan, as the case may be, as of
the date hereof or such other date set forth herein that as of the Closing Date:

                (i) The  information  set forth in the Mortgage Loan Schedule is
true and correct in all material respects.                          

                (ii) There are no delinquent taxes,  ground rents,  governmental
      assessments, insurance premiums, leasehold payments, including assessments
      payable in future  installments or other outstanding charges affecting the
lien priority of the related Mortgaged Property.                    

                (iii) The terms of the Mortgage  Note and the Mortgage  have not
      been  impaired,  waived,  altered or  modified in any  respect,  except by
      written instruments, recorded in the applicable public recording office if
      necessary to maintain the lien  priority of the  Mortgage,  and which have
      been  delivered  to  the  Trustee;  the  substance  of  any  such  waiver,
      alteration  or  modification  has been  approved by the insurer  under the
      Primary  Mortgage  Insurance  Policy,  if any, the title  insurer,  to the
      extent  required by the related  policy,  and is reflected on the Mortgage
      Loan Schedule.  No instrument of waiver,  alteration or  modification  has
      been executed,  and no Mortgagor has been  released,  in whole or in part,
      except in connection with an assumption  agreement approved by the insurer
      under the Primary Mortgage Insurance Policy, if any, the title insurer, to
      the extent required by the policy, and which assumption agreement has been
delivered to the Trustee.                                           

                (iv) The  Mortgage  Note and the Mortgage are not subject to any
      right of  rescission,  set-off,  counterclaim  or defense,  including  the
      defense  of  usury,  nor will  the  operation  of any of the  terms of the
      Mortgage Note and the Mortgage,  or the exercise of any right  thereunder,
      render either the Mortgage Note or the Mortgage unenforceable, in whole or
      in part, or subject to any right of rescission,  set-off,  counterclaim or
      defense,  including the defense of usury and no such right of  rescission,
    set-off, counterclaim or defense has been asserted with respect thereto.

                (v) All buildings upon the Mortgaged  Property are insured by an
      insurer  generally  acceptable to prudent  mortgage  lending  institutions
      against loss by fire,  hazards of extended coverage and such other hazards
      as are customary in the area the Mortgaged  Property is located,  pursuant
      to  insurance  policies   conforming  to  the  requirements  of  Customary
      Servicing  Procedures  and this  Agreement.  All such  insurance  policies
      contain a standard  mortgagee clause naming the originator of the Mortgage
      Loan,  its  successors  and assigns as mortgagee and all premiums  thereon
      have been paid.  If the Mortgaged  Property is in an area  identified on a
      flood  hazard  map or flood  insurance  rate  map  issued  by the  Federal
      Emergency  Management  Agency as having  special  flood  hazards (and such
      flood insurance has been made available), a flood insurance policy meeting
      the  requirements  of the  current  guidelines  of the  Federal  Insurance
      Administration  is in effect which policy conforms to the  requirements of
      FNMA or FHLMC. The Mortgage obligates the Mortgagor thereunder to maintain
      all  such  insurance  at the  Mortgagor's  cost  and  expense,  and on the
      Mortgagor's  failure to do so,  authorizes  the holder of the  Mortgage to
      maintain  such  insurance  at  Mortgagor's  cost and  expense  and to seek
reimbursement therefor from the Mortgagor.                          

                (vi) Any and all requirements of any federal, state or local law
      including,  without  limitation,  usury,  truth in  lending,  real  estate
      settlement   procedures,   consumer  credit   protections,   equal  credit
      opportunity or disclosure laws applicable to the origination and servicing
of Mortgage Loan have been complied with.                           

                (vii)   The   Mortgage   has  not  been   satisfied,   canceled,
      subordinated or rescinded, in whole or in part (other than as to Principal
      Prepayments  in full  which may have been  received  prior to the  Closing
      Date),  and the Mortgaged  Property has not been released from the lien of
      the Mortgage,  in whole or in part, nor has any  instrument  been executed
      that would  effect  any such  satisfaction,  cancellation,  subordination,
rescission or release.                                              

                (viii) The Mortgage is a valid,  existing and enforceable  first
      lien  on  the  Mortgaged  Property,  including  all  improvements  on  the
      Mortgaged  Property  subject only to (A) the lien of current real property
      taxes and assessments not yet due and payable,  (B) covenants,  conditions
      and restrictions, rights of way, easements and other matters of the public
      record as of the date of recording  being  acceptable to mortgage  lending
      institutions  generally and specifically referred to in the lender's title
      insurance  policy  delivered to the  originator  of the Mortgage  Loan and
      which  do not  adversely  affect  the  Appraised  Value  of the  Mortgaged
      Property,  and (C) other  matters to which like  properties  are  commonly
      subject  which  do not  materially  interfere  with  the  benefits  of the
      security  intended to be provided by the  Mortgage or the use,  enjoyment,
      value or marketability  of the related  Mortgaged  Property.  Any security
      agreement,   chattel  mortgage  or  equivalent  document  related  to  and
      delivered in connection  with the Mortgage Loan  establishes and creates a
      valid,  existing and  enforceable  first lien and first priority  security
      interest on the property  described therein and the Depositor has the full
right to sell and assign the same to the Trustee.                   

                (ix) The Mortgage Note and the related  Mortgage are genuine and
      each is the legal,  valid and  binding  obligation  of the maker  thereof,
      enforceable in accordance with its terms except as  enforceability  may be
      limited  by  (A)  bankruptcy,   insolvency,   liquidation,   receivership,
      moratorium, reorganization or other similar laws affecting the enforcement
      of the rights of creditors and (B) general  principles of equity,  whether
enforcement is sought in a proceeding in equity or at law.          

                (x) All parties to the Mortgage  Note and the Mortgage had legal
      capacity  to enter into the  Mortgage  Loan and to execute and deliver the
      Mortgage  Note and the  Mortgage,  and the Mortgage  Note and the Mortgage
have been duly and properly executed by such parties.               

                (xi) The proceeds of the Mortgage Loan have been fully disbursed
      to or for the account of the Mortgagor and there is no obligation  for the
      Mortgagee  to  advance   additional  funds  thereunder  and  any  and  all
      requirements as to completion of any on-site or off-site  improvements and
      as to  disbursements of any escrow funds therefor have been complied with.
      All costs fees and  expenses  incurred in making or closing  the  Mortgage
      Loan and the recording of the Mortgage  have been paid,  and the Mortgagor
      is not entitled to any refund of any amounts paid or due to the  Mortgagee
pursuant to the Mortgage Note or Mortgage.                          

                (xii)  To the best of the  Depositor's  knowledge,  all  parties
      which have had any interest in the Mortgage  Loan,  whether as  mortgagee,
      assignee,  pledgee or otherwise,  are (or, during the period in which they
      held and disposed of such interest,  were) in compliance  with any and all
      applicable "doing business" and licensing  requirements of the laws of the
state wherein the Mortgaged Property is located.                    

                (xiii) The Mortgage  Loan is covered by an ALTA  lender's  title
      insurance policy,  acceptable to FNMA or FHLMC,  issued by a title insurer
      acceptable  to  FNMA  or  FHLMC  and  qualified  to  do  business  in  the
      jurisdiction where the Mortgaged Property is located, insuring (subject to
      the  exceptions  contained  in  (viii)(A)  and (B) above) the Seller,  its
      successors  and assigns as to the first  priority  lien of the Mortgage in
      the original  principal  amount of the Mortgage Loan. The Depositor is the
      sole insured of such lender's title  insurance  policy,  and such lender's
      title  insurance  policy is in full  force and  effect and will be in full
      force and effect upon the consummation of the transactions contemplated by
      this  Agreement.  No claims  have  been made  under  such  lender's  title
      insurance  policy,  and the  Depositor  has not done,  by act or omission,
      anything which would impair the coverage of such lender's title  insurance
policy.                                                             

                (xiv)  There  is no  default,  breach,  violation  or  event  of
      acceleration existing under the Mortgage or the Mortgage Note and no event
      which,  with the passage of time or with notice and the  expiration of any
      grace or cure period,  would  constitute a default,  breach,  violation or
      event of acceleration,  and the Seller has not waived any default, breach,
violation or event of acceleration.                                 

                (xv) As of the date of origination  of the Mortgage Loan,  there
      had been no mechanics' or similar liens or claims filed for work, labor or
      material (and no rights are outstanding  that under law could give rise to
      such lien) affecting the relating  Mortgaged  Property which are or may be
      liens  prior  to, or equal or  coordinate  with,  the lien of the  related
Mortgage.                                                           

                (xvi) All improvements  which were considered in determining the
      Appraised  Value of the related  Mortgaged  Property lay wholly within the
      boundaries and building  restriction lines of the Mortgaged Property,  and
      no  improvements  on  adjoining  properties  encroach  upon the  Mortgaged
Property.                                                           

                (xvii) The Mortgage Loan was originated by a commercial  bank or
      similar banking  institution which is supervised and examined by a federal
   or state authority, or by a mortgagee approved by the Secretary of HUD.

                (xviii)  Principal  payments on the Mortgage  Loan  commenced no
      more  than  sixty  days  after the  proceeds  of the  Mortgaged  Loan were
      disbursed. The Mortgage Loans are 30-year fixed rate mortgage loans having
      an  original  term to maturity  of not more than 30 years,  with  interest
      payable  in  arrears on the first day of the  month.  Each  Mortgage  Note
      requires a monthly  payment  which is  sufficient  to fully  amortize  the
      original  principal  balance  over the  original  term  thereof and to pay
      interest at the related Mortgage Interest Rate. The Mortgage Note does not
permit negative amortization.                                       

                (xix)  There is no  proceeding  pending  or, to the  Depositor's
      knowledge,  threatened  for  the  total  or  partial  condemnation  of the
      Mortgaged Property and such property is in good repair and is undamaged by
      waste, fire,  earthquake or earth movement,  windstorm,  flood, tornado or
      other  casualty,  so as to affect  adversely  the  value of the  Mortgaged
      Property  as  security  for the  Mortgage  Loan or the use for  which  the
premises were intended.                                             

                (xx) The Mortgage and related  Mortgage  Note contain  customary
      and  enforceable  provisions  such as to render the rights and remedies of
      the holder  thereof  adequate for the  realization  against the  Mortgaged
      Property of the benefits of the security provided  thereby,  including (A)
      in the case of a  Mortgage  designated  as a deed of trust,  by  trustee's
      sale,  and (B)  otherwise  by  judicial  foreclosure.  To the  best of the
      Depositor's  knowledge,  following the date of origination of the Mortgage
      Loan,  the  Mortgaged  Property  has not been  subject  to any  bankruptcy
      proceeding or  foreclosure  proceeding and the Mortgagor has not filed for
      protection  under  applicable  bankruptcy  laws.  There is no homestead or
      other  exemption or right  available to the  Mortgagor or any other person
      which would  interfere with the right to sell the Mortgaged  Property at a
trustee's sale or the right to foreclose the Mortgage.              

                (xxi) The Mortgage Note and Mortgage are on forms  acceptable to
FNMA or FHLMC.                                                      

                (xxii) The Mortgage  Note is not and has not been secured by any
      collateral except the lien of the corresponding  Mortgage on the Mortgaged
      Property and the security interest of any applicable security agreement or
chattel mortgage referred to in (viii) above.                       

                (xxiii) The Mortgage  File  contains an appraisal of the related
      Mortgaged  Property,  in a form  acceptable  to FNMA  or  FHLMC  and  such
      appraisal  complies  with the  requirements  of  FIRREA,  and was made and
      signed,  prior to the  approval of the  Mortgage  Loan  application,  by a
Qualified Appraiser.                                                

                (xxiv) In the event the Mortgage  constitutes a deed of trust, a
      trustee,  duly qualified  under  applicable law to serve as such, has been
      properly  designated and currently so serves and is named in the Mortgage,
      and no fees or expenses  are or will become  payable by the Trustee to the
      trustee  under the deed of trust,  except in  connection  with a trustee's
sale after default by the Mortgagor.                                

                (xxv) No Mortgage Loan is a graduated  payment mortgage loan, no
      Mortgage  Loan has a shared  appreciation  or  other  contingent  interest
      feature,  and,  except as to 0.07% of the Mortgage  Loans (by Cut-Off Date
  Principal Balance), no Mortgage Loan contains any "buydown" provision.

                (xxvi) The  Mortgagor  has  received  all  disclosure  materials
      required by applicable law with respect to the making of mortgage loans of
      the same type as the Mortgage Loan and  rescission  materials  required by
applicable law if the Mortgage Loan is a Refinance Mortgage Loan.   

                (xxvii)  Each  Mortgage  Loan  with  a  Loan-to-Value  Ratio  at
      origination  in  excess  of 80%  will be  subject  to a  Primary  Mortgage
      Insurance Policy,  issued by an insurer acceptable to FNMA or FHLMC, which
      insures that portion of the Mortgage  Loan in excess of the portion of the
      Appraised Value of the Mortgaged Property required by FNMA. All provisions
      of such Primary Mortgage Insurance Policy have been and are being complied
      with,  such  policy is in full  force and  effect,  and all  premiums  due
      thereunder  have been  paid.  Any  Mortgage  subject  to any such  Primary
      Mortgage  Insurance Policy obligates the Mortgagor  thereunder to maintain
      such insurance and to pay all premiums and charges in connection therewith
      at least until  Loan-to-Value  Ratio of such  Mortgage  Loan is reduced to
      less than 80%. The Mortgage  Interest  Rate for the Mortgage Loan does not
include any such insurance premium.                                 

                (xxviii) To the best of the Depositor's knowledge as of the date
      of  origination  of the  Mortgage  Loan,  (A) the  Mortgaged  Property  is
      lawfully occupied under applicable law, (B) all inspections,  licenses and
      certificates  required to be made or issued with  respect to all  occupied
      portions  of the  Mortgaged  Property  and,  with  respect  to the use and
      occupancy  of the same,  including  but not  limited  to  certificates  of
      occupancy, have been made or obtained from the appropriate authorities and
      (C) no  improvement  located on or part of the  Mortgaged  Property  is in
violation of any zoning law or regulation.                          

                (xxix) The  Assignment of Mortgage is in recordable  form and is
      acceptable for recording  under the laws of the  jurisdiction in which the
Mortgaged Property is located.                                      

                (xxx) All payments required to be made prior to the Cut-Off Date
      for such Mortgage Loan under the terms of the Mortgage Note have been made
      and no Mortgage Loan has been more than 30 days  delinquent more than once
in the twelve month period immediately prior to the Cut-Off Date.   

                (xxxi) With  respect to each  Mortgage  Loan,  the  Depositor or
      Servicer  is in  possession  of a complete  Mortgage  File  except for the
      documents  which  have been  delivered  to the  Trustee or which have been
submitted for recording and not yet returned.                       

                (xxxii)   Immediately  prior  to  the  transfer  and  assignment
      contemplated  herein,  the  Depositor was the sole owner and holder of the
      Mortgage  Loans.  The  Mortgage  Loans were not assigned or pledged by the
      Depositor and the Depositor had good and marketable title thereto, and the
      Depositor  had full right to transfer and sell the  Mortgage  Loans to the
      Trustee free and clear of any encumbrance,  participation interest,  lien,
      equity,  pledge,  claim  or  security  interest  and had  full  right  and
      authority  subject to no interest or  participation  in, or agreement with
any other party to sell or otherwise transfer the Mortgage Loans.   

                (xxxiii) Any future advances made prior to the Cut-Off Date have
      been  consolidated  with the outstanding  principal  amount secured by the
      Mortgage,  and the secured  principal  amount,  as  consolidated,  bears a
      single  interest rate and single  repayment term. The lien of the Mortgage
      securing the consolidated  principal amount is expressly insured as having
      first lien priority by a title  insurance  policy,  an  endorsement to the
      policy  insuring the mortgagee's  consolidated  interest or by other title
      evidence  acceptable to FNMA and FHLMC. The consolidated  principal amount
does not exceed the original principal amount of the Mortgage Loan. 

                (xxxiv) The Mortgage Loan was  underwritten  in accordance  with
      the  applicable   Underwriting   Guidelines  in  effect  at  the  time  of
 origination with exceptions thereto exercised in a reasonable manner.

                (xxxv)  If  the   Mortgage   Loan  is  secured  by  a  long-term
      residential  lease,  (1) the  lessor  under the lease  holds a fee  simple
      interest  in the land;  (2) the terms of such lease  expressly  permit the
      mortgaging of the leasehold  estate,  the  assignment of the lease without
      the lessor's  consent and the acquisition by the holder of the Mortgage of
      the  rights  of the  lessee  upon  foreclosure  or  assignment  in lieu of
      foreclosure  or provide  the  holder of the  Mortgage  with  substantially
      similar  protections;  (3) the  terms of such  lease do not (a)  allow the
      termination  thereof upon the lessee's  default  without the holder of the
      Mortgage being entitled to receive  written notice of, and  opportunity to
      cure, such default, (b) allow the termination of the lease in the event of
      damage  or  destruction  as  long as the  Mortgage  is in  existence,  (c)
      prohibit  the holder of the  Mortgage  from being  insured  (or  receiving
      proceeds  of  insurance)  under the hazard  insurance  policy or  policies
      relating to the Mortgaged  Property or (d) permit any increase in the rent
      other  than  pre-established  increases  set forth in the  lease;  (4) the
      original  term of such  lease in not less than 15  years;  (5) the term of
      such lease does not  terminate  earlier than five years after the maturity
      date of the Mortgage Note; and (6) the Mortgaged  Property is located in a
      jurisdiction  in  which  the  use of  leasehold  estates  in  transferring
ownership in residential properties is a widely accepted practice.  

                (xxxvi)  The   Mortgaged   Property  is  located  in  the  state
      identified  in the Mortgage Loan Schedule and consists of a parcel of real
      property with a detached single family  residence  erected  thereon,  or a
      two- to four-family  dwelling,  or an individual  condominium  unit, or an
      individual unit in a planned unit development; provided, however, that any
      condominium  project or planned unit development  generally  conforms with
      the applicable  Underwriting  Guidelines regarding such dwellings,  and no
residence or dwelling is a mobile home or a manufactured dwelling.  

                (xxxvii) The Depositor used no adverse  selection  procedures in
selecting the Mortgage Loan for inclusion in the Trust Estate.      

                (xxxviii)  Each Mortgage Loan is a "qualified  mortgage"  within
Section 860G(a)(3) of the Code.                                     

                (xxxix)  With  respect  to  each  Mortgage  where  a  lost  note
      affidavit  has been  delivered  to the  Trustee  in  place of the  related
Mortgage Note, the related Mortgage Note is no longer in existence. 

            Notwithstanding the foregoing,  no representations or warranties are
made  by  the  Depositor  as to the  environmental  condition  of any  Mortgaged
Property;  the  absence,  presence or effect of  hazardous  wastes or  hazardous
substances on any Mortgaged  Property;  any casualty resulting from the presence
or effect of hazardous wastes or hazardous substances on, near or emanating from
any Mortgaged Property;  the impact on  Certificateholders  of any environmental
condition  or  presence  of any  hazardous  substance  on or near any  Mortgaged
Property;  or the  compliance of any Mortgaged  Property with any  environmental
laws, nor is any agent, Person or entity otherwise affiliated with the Depositor
authorized  or able to make any such  representation,  warranty or assumption of
liability relative to any Mortgaged Property. In addition, no representations or
warranties  are made by the  Depositor  with respect to the absence or effect of
fraud in the origination of any Mortgage Loan.                                  

            It is understood and agreed that the  representations and warranties
set forth in this Section 2.05 shall survive delivery of the respective Mortgage
Files to the  Trustee or the  Custodian  and shall  inure to the  benefit of the
Trustee, notwithstanding any restrictive or qualified endorsement or assignment.

            Upon discovery by either the Depositor, either Servicer, the Trustee
or the Custodian  that any of the  representations  and  warranties set forth in
this Section 2.05 is not  accurate  (referred to herein as a "BREACH")  and that
such  breach   materially   and   adversely   affects  the   interests   of  the
Certificateholders  in the related  Mortgage  Loan, the party  discovering  such
breach shall give prompt  written  notice to the other  parties  (any  Custodian
being so obligated under a Custodial Agreement);  provided, that any such breach
that  causes  the  Mortgage  Loan not to be a  "qualified  mortgage"  within the
meaning of Section  860G(a)(3)  of the Code  shall be deemed to  materially  and
adversely affect the interests of the Certificateholders.  Within 90 days of its
discovery or its receipt of notice of any such breach,  the Depositor shall cure
such breach in all material respects or shall either (i) repurchase the Mortgage
Loan or any  property  acquired in respect  thereof  from the Trustee at a price
equal to the  Repurchase  Price or (ii) if within two years of the Closing Date,
substitute  for such  Mortgage  Loan in the manner  described  in Section  2.02;
PROVIDED  that if the breach  would cause the  Mortgage  Loan to be other than a
"qualified  mortgage"  as defined in Section  860G(a)(3)  of the Code,  any such
repurchase  or  substitution  must occur within 90 days from the date the breach
was  discovered.  The  Repurchase  Price  of any  repurchase  described  in this
paragraph and the Substitution  Adjustment Amount, if any, shall be deposited in
the Certificate  Account. It is understood and agreed that the obligation of the
Depositor  to  repurchase  or  substitute  for any  Mortgage  Loan or  Mortgaged
Property  as to  which  such a  breach  has  occurred  and is  continuing  shall
constitute   the   sole   remedy    respecting   such   breach    available   to
Certificateholders, or to the Trustee on behalf of Certificateholders,  and such
obligation shall survive until termination of the Trust hereunder.              

            Section 2.06  DESIGNATION OF INTERESTS IN THE REMICS.  The Depositor
hereby  designates  the  Classes of Class A  Certificates  (other than the Class
A-14,  Class  A-R  and  Class  A-LR  Certificates),   the  Classes  of  Class  B
Certificates and the Components as classes of "regular  interests" and the Class
A-R  Certificate  as the single class of "residual  interest" in the  Upper-Tier
REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.
The Depositor  hereby further  designates  the Class A-L1  Interest,  Class A-L7
Interest, Class A-L8 Interest, Class A-L11 Interest, Class A-L12 Interest, Class
A-L13 Interest, Class A-LPO Interest, Class A-LUR Interest, Class B-L1 Interest,
Class B-L2  Interest,  Class B-L3  Interest,  Class  B-L4  Interest,  Class B-L5
Interest and Class B-L6 Interest as classes of "regular interests" and the Class
A-LR  Certificate  as the single class of "residual  interest" in the Lower-Tier
REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

            Section 2.07 DESIGNATION OF START-UP DAY. The Closing Date is hereby
designated as the "start-up day" of each of the Upper-Tier  REMIC and Lower-Tier
REMIC within the meaning of Section 860G(a)(9) of the Code.                     

            Section 2.08 REMIC CERTIFICATE MATURITY DATE. Solely for purposes of
satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations,  the "latest
possible  maturity date" of the regular  interests in the  Upper-Tier  REMIC and
Lower-Tier REMIC is April 25, 2029.                                             

            Section 2.09 EXECUTION AND DELIVERY OF CERTIFICATES. The Trustee (i)
acknowledges   the   issuance  of  and  hereby   declares   that  it  holds  the
Uncertificated  Lower-Tier  Interests on behalf of the Upper-Tier  REMIC and the
Certificateholders  and (ii) has executed and  delivered to or upon the order of
the Depositor, in exchange for the Mortgage Loans and Uncertificated  Lower-Tier
Interests  together with all other assets  included in the  definition of "Trust
Estate,"  receipt of which is hereby  acknowledged,  Certificates  in authorized
denominations  which,  together with the  Uncertificated  Lower-Tier  Interests,
evidence ownership of the entire Trust Estate.                                  

 ARTICLE III

ADMINISTRATION AND SERVICING
 OF MORTGAGE LOANS

            Section 3.01 SERVICERS TO SERVICE  MORTGAGE LOANS. For and on behalf
of the Certificateholders, the NMC Servicer shall service and administer the NMC
Mortgage  Loans and the BA Servicer shall service and administer the BA Mortgage
Loans, each in accordance with the terms of this Agreement,  Customary Servicing
Procedures, applicable law and the terms of the Mortgage Notes and Mortgages. In
connection with such servicing and administration, each Servicer shall have full
power and  authority,  acting alone and/or through  Subservicers  as provided in
Section  3.02,  to do or cause to be done  any and all  things  that it may deem
necessary or desirable in  connection  with such  servicing  and  administration
including,  but not  limited to, the power and  authority,  subject to the terms
hereof, (a) to execute and deliver, on behalf of the  Certificateholders and the
Trustee,  customary consents or waivers and other instruments and documents, (b)
to consent,  with respect to the Mortgage Loans it services, to transfers of any
Mortgaged  Property and assumptions of the Mortgage Notes and related  Mortgages
(but  only  in the  manner  provided  in this  Agreement),  (c) to  collect  any
Insurance Proceeds and other Liquidation Proceeds relating to the Mortgage Loans
it  services,  and (d) to  effectuate  foreclosure  or other  conversion  of the
ownership of the Mortgaged Property securing any Mortgage Loan it services. Each
Servicer  shall  represent  and protect the  interests  of the Trust in the same
manner as it protects its own  interests in mortgage  loans in its own portfolio
in any claim,  proceeding or litigation  regarding a Mortgage Loan and shall not
make or permit any modification, waiver or amendment of any term of any Mortgage
Loan,  except as  provided  pursuant  to  Section  3.21.  Without  limiting  the
generality of the foregoing,  each  Servicer,  in its own name or in the name of
any  Subservicer  or the Depositor  and the Trustee,  is hereby  authorized  and
empowered  by  the  Depositor  and  the  Trustee,  when  such  Servicer  or  any
Subservicer,  as the case may be,  believes  it  appropriate  in its  reasonable
judgment,  to execute and deliver, on behalf of the Trustee, the Depositor,  the
Certificateholders  or any of them, any and all  instruments of  satisfaction or
cancellation,  or of  partial  or full  release  or  discharge,  and  all  other
comparable instruments, with respect to the Mortgage Loans it services, and with
respect  to the  related  Mortgaged  Properties  held  for  the  benefit  of the
Certificateholders.  Each  Servicer  shall  prepare and deliver to the Depositor
and/or the Trustee such documents  requiring execution and delivery by either or
both of them as are necessary or  appropriate to enable such Servicer to service
and  administer  the Mortgage Loans it services to the extent that such Servicer
is not permitted to execute and deliver such documents pursuant to the preceding
sentence. Upon receipt of such documents, the Depositor and/or the Trustee, upon
the direction of the related Servicer, shall promptly execute such documents and
deliver them to the related Servicer.                                           

            In accordance  with the standards of the preceding  paragraph,  each
Servicer  shall  advance  or cause to be  advanced  funds as  necessary  for the
purpose of  effecting  the  payment of taxes and  assessments  on the  Mortgaged
Properties relating to the Mortgage Loans it services,  which Servicing Advances
shall be  reimbursable in the first instance from related  collections  from the
Mortgagors  pursuant to Section  3.09,  and further as provided in Section 3.11.
The costs incurred by the Servicers, if any, in effecting the timely payments of
taxes and assessments on the Mortgaged Properties and related insurance premiums
shall  not,  for  the  purpose  of  calculating  monthly  distributions  to  the
Certificateholders,  be added to the Stated  Principal  Balances  of the related
Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

            The  relationship  of each  Servicer (and of any successor to either
Servicer as servicer  under this  Agreement) to the Trustee under this Agreement
is intended by the parties to be that of an independent  contractor and not that
of a joint venturer, partner or agent.                                          

       Section 3.02    SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF
SERVICERS.              

            (a)   Either  Servicer  may  arrange  for  the  subservicing  of any
Mortgage Loan it services by a Subservicer pursuant to a Subservicing Agreement;
provided,  however,  that  such  subservicing  arrangement  and the terms of the
related  Subservicing  Agreement must provide for the servicing of such Mortgage
Loan  in a  manner  consistent  with  the  servicing  arrangements  contemplated
hereunder.  Notwithstanding the provisions of any Subservicing Agreement, any of
the provisions of this Agreement relating to agreements or arrangements  between
a Servicer and a Subservicer or reference to actions taken through a Subservicer
or otherwise,  such Servicer shall remain obligated and liable to the Depositor,
the Trustee and the  Certificateholders  for the servicing and administration of
the  Mortgage  Loans it  services  in  accordance  with the  provisions  of this
Agreement  without  diminution of such obligation or liability by virtue of such
Subservicing Agreements or arrangements or by virtue of indemnification from the
Subservicer and to the same extent and under the same terms and conditions as if
such Servicer alone were servicing and  administering  those Mortgage Loans. All
actions of each  Subservicer  performed  pursuant  to the  related  Subservicing
Agreement  shall be  performed  as agent of the related  Servicer  with the same
force and effect as if performed directly by such Servicer.                     

            (b)   For purposes of this Agreement,  each Servicer shall be deemed
to have  received any  collections,  recoveries  or payments with respect to the
Mortgage  Loans it services  that are received by a  Subservicer  regardless  of
whether such payments are remitted by the Subservicer to such Servicer.         

            (c)   As part of its servicing activities hereunder,  each Servicer,
for the benefit of the Trustee  and the  Certificateholders,  shall use its best
reasonable  efforts to enforce the  obligations of each  Subservicer  engaged by
such Servicer under the related Subservicing  Agreement,  to the extent that the
non-performance  of any such obligation would have a material and adverse effect
on a Mortgage Loan. Such enforcement,  including,  without limitation, the legal
prosecution of claims, termination of Subservicing Agreements and the pursuit of
other  appropriate  remedies,  shall be in such form and  carried out to such an
extent and at such time as the  related  Servicer,  in its good  faith  business
judgment,  would require were it the owner of the related  Mortgage  Loans.  The
related Servicer shall pay the costs of such enforcement at its own expense, and
shall be reimbursed  therefor only (i) from a general  recovery  resulting  from
such  enforcement to the extent,  if any, that such recovery exceeds all amounts
due in respect of the related Mortgage Loan or (ii) from a specific  recovery of
costs,   expenses  or  attorneys  fees  against  the  party  against  whom  such
enforcement is directed.                                                        

            (d)   Any  Subservicing  Agreement  entered into by a Servicer shall
provide that it may be assumed or terminated by the Trustee,  if the Trustee has
assumed the duties of such Servicer, or any successor Servicer, at the Trustee's
or successor Servicer's option, as applicable, without cost or obligation to the
assuming or terminating  party or the Trust Estate,  upon the assumption by such
party of the obligations of such Servicer pursuant to Section 8.05.             

            Any Subservicing  Agreement,  and any other transactions or services
relating to the Mortgage Loans  involving a  Subservicer,  shall be deemed to be
between the related Servicer and such Subservicer alone, and the Trustee and the
Certificateholders  shall not be deemed parties thereto and shall have no claims
or rights of action against,  rights,  obligations,  duties or liabilities to or
with respect to the Subservicer or its officers,  directors or employees, except
as set forth in Section 3.01.                                                   

      Section 3.03    FIDELITY BOND; ERRORS AND OMISSIONS INSURANCE.

            Each Servicer shall maintain, at its own expense, a blanket fidelity
bond and an errors and omissions  insurance  policy,  with broad coverage on all
officers,  employees  or other  persons  acting in any capacity  requiring  such
persons to handle  funds,  money,  documents or papers  relating to the Mortgage
Loans it services.  These  policies  must insure such  Servicer  against  losses
resulting  from  dishonest  or  fraudulent  acts  committed  by such  Servicer's
personnel,  any employees of outside firms that provide data processing services
for such Servicer,  and temporary  contract  employees or student interns.  Such
fidelity  bond shall also  protect and insure such  Servicer  against  losses in
connection  with the release or  satisfaction  of a Mortgage Loan without having
obtained  payment in full of the indebtedness  secured thereby.  No provision of
this  Section  3.03  requiring  such  fidelity  bond and  errors  and  omissions
insurance   shall  diminish  or  relieve  such  Servicer  from  its  duties  and
obligations as set forth in this Agreement.  The minimum coverage under any such
bond and insurance policy shall be at least equal to the  corresponding  amounts
required by FNMA in the FNMA Servicing Guide or by FHLMC in the FHLMC Sellers' &
Servicers'  Guide,  as amended or restated from time to time, or in an amount as
may be permitted to such Servicer by express waiver of FNMA or FHLMC.           

Section 3.04   ACCESS TO CERTAIN DOCUMENTATION.         

            Each  Servicer  shall  provide  to  the  OTS  and  the  FDIC  and to
comparable   regulatory   authorities   supervising   Holders   of   Subordinate
Certificates  and the examiners and supervisory  agents of the OTS, the FDIC and
such other  authorities,  access to the  documentation  required  by  applicable
regulations  of the OTS and the FDIC with respect to the Mortgage Loans serviced
by such Servicer.  Such access shall be afforded  without charge,  but only upon
reasonable  and prior written  request and during normal  business  hours at the
offices  designated by such  Servicer.  Nothing in this Section 3.04 shall limit
the obligation of such Servicer to observe any applicable law and the failure of
such Servicer to provide  access as provided in this Section 3.04 as a result of
such obligation shall not constitute a breach of this Section 3.04.             

Section 3.05   MAINTENANCE OF PRIMARY MORTGAGE INSURANCE
POLICY; CLAIMS.           

            With respect to each  Mortgage  Loan with a  Loan-to-Value  Ratio in
excess of 80% or such other  Loan-to-Value  Ratio as may be required by law, the
Servicer responsible for servicing such Mortgage Loan shall, without any cost to
the Trust Estate,  maintain or cause the Mortgagor to maintain in full force and
effect a Primary  Insurance Policy insuring that portion of the Mortgage Loan in
excess of a  percentage  in  conformity  with  FNMA  requirements.  The  related
Servicer shall pay or shall cause the Mortgagor to pay the premium  thereon on a
timely basis,  at least until the  Loan-to-Value  Ratio of such Mortgage Loan is
reduced to 80% or such other  Loan-to-Value  Ratio as may be required by law. If
such Primary  Insurance Policy is terminated,  the related Servicer shall obtain
from another  insurer a comparable  replacement  policy,  with a total  coverage
equal to the remaining  coverage of such terminated Primary Insurance Policy. If
the  insurer  shall  cease to be an  insurer  acceptable  to FNMA,  the  related
Servicer  shall  notify the Trustee in writing,  it being  understood  that such
Servicer  shall not have any  responsibility  or  liability  for any  failure to
recover  under the Primary  Insurance  Policy for such reason.  If such Servicer
determines that recoveries under the Primary Insurance Policy are jeopardized by
the financial condition of the insurer,  such Servicer shall obtain from another
insurer  which  meets  the  requirements  of  this  Section  3.05 a  replacement
insurance  policy.  A Servicer  shall not take any action  that would  result in
noncoverage under any applicable  Primary Insurance Policy of any loss that, but
for the  actions  of such  Servicer,  would  have been  covered  thereunder.  In
connection with any assumption or substitution  agreement  entered into or to be
entered into  pursuant to Section  3.13,  the related  Servicer  shall  promptly
notify the insurer under the related Primary  Insurance  Policy, if any, of such
assumption or  substitution  of liability in  accordance  with the terms of such
Primary  Insurance  Policy and shall take all  actions  which may be required by
such insurer as a condition to the  continuation  of coverage under such Primary
Insurance  Policy. If such Primary Insurance Policy is terminated as a result of
such assumption or substitution of liability,  the related Servicer shall obtain
a replacement Primary Insurance Policy as provided above.                       

            In connection with its activities as servicer,  each Servicer agrees
to  prepare   and   present,   on  behalf  of  itself,   the   Trustee  and  the
Certificateholders,  claims to the insurer under any Primary Insurance Policy in
a timely fashion in accordance with the terms of such Primary  Insurance  Policy
and,  in this  regard,  to take  such  action  as shall be  necessary  to permit
recovery under any Primary Insurance Policy respecting a defaulted Mortgage Loan
serviced by such Servicer. Pursuant to Section 3.09(a), any amounts collected by
a Servicer under any Primary  Insurance Policy shall be deposited in the related
Escrow Account, subject to withdrawal pursuant to Section 3.09(b).              

            Section 3.06   RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF
THE SERVICERS.            

            The Depositor may, but is not obligated to, enforce the  obligations
of each Servicer hereunder and may, but is not obligated to, perform, or cause a
designee to perform,  any defaulted  obligation of either Servicer hereunder and
in connection with any such defaulted  obligation to exercise the related rights
of such Servicer  hereunder;  provided that a Servicer  shall not be relieved of
any of its obligations  hereunder by virtue of such performance by the Depositor
or  its  designee.  Neither  the  Trustee  nor  the  Depositor  shall  have  any
responsibility  or liability  for any action or failure to act by a Servicer nor
shall the Trustee or the Depositor be obligated to supervise the  performance of
a Servicer hereunder or otherwise.                                              

            Any  Subservicing  Agreement  that  may  be  entered  into  and  any
transactions or services  relating to the Mortgage Loans involving a Subservicer
in its  capacity as such shall be deemed to be between the  Subservicer  and the
applicable Servicer alone, and the Trustee and  Certificateholders  shall not be
deemed parties thereto and shall have no claims, rights, obligations,  duties or
liabilities with respect to the Subservicer except as set forth in Section 3.07.
Each Servicer shall be solely liable for all fees owed by it to any Subservicer,
irrespective of whether each Servicer's  compensation pursuant to this Agreement
is sufficient to pay such fees.                                                 

Section 3.07   TRUSTEE TO ACT AS SERVICER.              

            If  either  Servicer  shall for any  reason no longer be a  Servicer
hereunder  (including  by  reason of an Event of  Default),  the  Trustee  shall
thereupon  assume,  if it so elects,  or shall  appoint a successor  Servicer to
assume,  all of the rights and  obligations of such Servicer  hereunder  arising
thereafter  (except that the Trustee  shall not be (a) liable for losses of such
Servicer  pursuant to Section 3.12 or any acts or  omissions of the  predecessor
Servicer  hereunder,  (b) obligated to make  Advances if it is  prohibited  from
doing so by applicable  law or (c) deemed to have made any  representations  and
warranties of such Servicer hereunder).  Any such assumption shall be subject to
Section  7.02. If either  Servicer  shall for any reason no longer be a Servicer
(including  by reason of any Event of  Default),  the  Trustee or the  successor
Servicer  may elect to succeed to any rights and  obligations  of such  Servicer
under each Subservicing Agreement or may terminate each Subservicing  Agreement.
If it has  elected  to assume the  Subservicing  Agreement,  the  Trustee or the
successor Servicer shall be deemed to have assumed all of the related Servicer's
interest  therein  and  to  have  replaced  such  Servicer  as a  party  to  any
Subservicing  Agreement entered into by such Servicer as contemplated by Section
3.02 to the same extent as if the  Subservicing  Agreement  had been assigned to
the  assuming  party  except  that such  Servicer  shall not be  relieved of any
liability or obligations under any such Subservicing Agreement.                 

            Each Servicer  that is no longer a Servicer  hereunder  shall,  upon
request of the  Trustee,  but at the  expense of such  Servicer,  deliver to the
assuming party all documents and records relating to each Subservicing Agreement
or substitute  servicing  agreement and the Mortgage  Loans then being  serviced
thereunder  and an accounting  of amounts  collected or held by it and otherwise
use its best  efforts to effect  the  orderly  and  efficient  transfer  of such
substitute Subservicing Agreement to the assuming party.                        

      Section 3.08   COLLECTION OF MORTGAGE LOAN PAYMENTS;  SERVICER
                 CUSTODIAL ACCOUNTS; CERTIFICATE ACCOUNT AND
     UPPER-TIER CERTIFICATE ACCOUNT.

            (a)   Continuously  from the date  hereof  until the  principal  and
interest on all  Mortgage  Loans are paid in full,  each  Servicer  will proceed
diligently, in accordance with this Agreement, to collect all payments due under
each of the  Mortgage  Loans it  services  when the same  shall  become  due and
payable.  Further,  each Servicer will in accordance with all applicable law and
Customary Servicing Procedures ascertain and estimate taxes,  assessments,  fire
and hazard insurance premiums, mortgage insurance premiums and all other charges
with  respect  to the  Mortgage  Loans it  services  that,  as  provided  in any
Mortgage,  will become due and payable to the end that the installments  payable
by the Mortgagors will be sufficient to pay such charges as and when they become
due and  payable.  Consistent  with the  foregoing,  either  Servicer may in its
discretion (i) waive any late payment charge or any prepayment charge or penalty
interest in  connection  with the  prepayment of a Mortgage Loan it services and
(ii) extend the due dates for payments  due on a Mortgage  Note for a period not
greater than 120 days;  provided,  however,  that a Servicer  cannot  extend the
maturity of any such  Mortgage  Loan past the date on which the final payment is
due on the latest maturing Mortgage Loan as of the Cut-Off Date. In the event of
any such  arrangement,  the  Servicer  permitting  such  arrangement  shall make
Periodic Advances on the related Mortgage Loan in accordance with the provisions
of Section 3.20 during the scheduled  period in accordance with the amortization
schedule of such  Mortgage Loan without  modification  thereof by reason of such
arrangements.  A  Servicer  shall  not be  required  to  institute  or  join  in
litigation with respect to collection of any payment  (whether under a Mortgage,
Mortgage Note or otherwise or against any public or governmental  authority with
respect to a taking or  condemnation)  if it reasonably  believes that enforcing
the provision of the Mortgage or other instrument pursuant to which such payment
is required is prohibited by applicable law.                                    

            (b)   The NMC Servicer shall establish and maintain the NMC Servicer
Custodial Account.  The BA Servicer shall establish and maintain the BA Servicer
Custodial Account.  The NMC Servicer shall deposit or cause to be deposited into
the NMC Servicer Custodial Account and the BA Servicer shall deposit or cause to
be  deposited  into the BA  Servicer  Custodial  Account,  both on a daily basis
within one Business Day of receipt,  except as otherwise  specifically  provided
herein,  the following  payments and  collections  remitted by  Subservicers  or
received by such Servicer in respect of Mortgage Loans it services subsequent to
the Cut-Off  Date (other than in respect of  principal  and  interest due on the
Mortgage Loans on or before the Cut-Off Date) and the following amounts required
to be deposited hereunder with respect to the Mortgage Loans it services:       

                (i) all payments on account of principal of such Mortgage Loans,
including Principal Prepayments;                                    

                (ii) all payments on account of interest on such Mortgage Loans,
net of the Servicing Fee;                                           

                (iii) (A) all Insurance Proceeds and Liquidation Proceeds, other
      than Insurance  Proceeds to be (1) applied to the restoration or repair of
      the Mortgaged  Property,  (2) released to the Mortgagor in accordance with
      Customary  Servicing  Procedures  or (3)  required to be  deposited  to an
      Escrow Account pursuant to Section 3.09(a) and (B) any Insurance  Proceeds
released from an Escrow Account pursuant to Section 3.09(b)(iv);    

                (iv)  any  amount  required  to be  deposited  by such  Servicer
      pursuant to Section  3.08(d) in  connection  with any losses on  Permitted
Investments with respect to such Servicer Custodial Account;        

                (v) any  amounts  required  to be  deposited  by  such  Servicer
pursuant to Section 3.14;                                           

                (vi)  all  Repurchase  Prices  and all  Substitution  Adjustment
Amounts received by such Servicer;                                  

                (vii)  Periodic  Advances  made by  such  Servicer  pursuant  to
Section 3.20 and any payments of Compensating Interest; and         

            (viii) any other amounts required to be deposited hereunder.

            The foregoing  requirements  for deposits to the Servicer  Custodial
Accounts by the Servicers  shall be exclusive,  it being  understood  and agreed
that,  without limiting the generality of the foregoing,  payments in the nature
of prepayment penalties,  late payment charges or assumption fees, if collected,
need not be  deposited  by the  Servicers.  If a Servicer  shall  deposit in the
related Servicer  Custodial Account any amount not required to be deposited,  it
may at any time  withdraw or direct the  institution  maintaining  such Servicer
Custodial Account to withdraw such amount from such Servicer  Custodial Account,
any provision herein to the contrary  notwithstanding.  Each Servicer  Custodial
Account  may contain  funds that  belong to one or more trust funds  created for
mortgage  pass-through  certificates of other series and may contain other funds
respecting  payments on mortgage loans  belonging to the applicable  Servicer or
serviced by such Servicer on behalf of others.  Notwithstanding such commingling
of funds, each Servicer shall keep records that accurately  reflect the funds on
deposit in the applicable  Servicer  Custodial Account that have been identified
by it as being  attributable  to the Mortgage  Loans it services.  Each Servicer
shall maintain adequate records with respect to all withdrawals made pursuant to
this Section 3.08.  All funds  required to be deposited in a Servicer  Custodial
Account  shall be held in trust for the  Certificateholders  until  withdrawn in
accordance with Section 3.11.                                                   

            (c)   The  Trustee shall  establish  and maintain,  on behalf of the
Certificateholders,  the Certificate Account.  The Trustee shall,  promptly upon
receipt, deposit in the Certificate Account and retain therein the following:   

                (i)  the  aggregate  amount  remitted  by each  Servicer  to the
Trustee pursuant to Section 3.11(a)(viii);                          

                (ii) any amount paid by the Trustee  pursuant to Section 3.08(d)
      in connection with any losses on Permitted Investments with respect to the
Certificate Account; and                                            

                (iii) any other amounts  deposited  hereunder which are required
to be deposited in the Certificate Account.                         

            If a Servicer shall remit any amount not required to be remitted, it
may at any time direct the Trustee to withdraw such amount from the  Certificate
Account,  any provision herein to the contrary  notwithstanding.  Such direction
may be accomplished by delivering an Officer's  Certificate to the Trustee which
describes the amounts deposited in error in the Certificate  Account.  All funds
required to be deposited in the Certificate Account shall be held by the Trustee
in trust for the  Certificateholders  until  disbursed in  accordance  with this
Agreement or withdrawn in  accordance  with Section  3.11. In no event shall the
Trustee incur  liability for  withdrawals  from the  Certificate  Account at the
direction of a Servicer.                                                        

            (d)   Each institution at which either Servicer Custodial Account or
the Certificate Account is maintained shall invest the funds therein as directed
in writing by the NMC  Servicer  (with  respect  to the NMC  Servicer  Custodial
Account), the BA Servicer (with respect to the BA Servicer Custodial Account) or
the Trustee (with respect to the Certificate Account) in Permitted  Investments,
which shall mature not later than (i) in the case of either  Servicer  Custodial
Account,  the Business Day next  preceding the related  Remittance  Date (except
that if such  Permitted  Investment  is an obligation  of the  institution  that
maintains such account,  then such Permitted  Investment  shall mature not later
than such Remittance Date) and (ii) in the case of the Certificate  Account, the
Business Day next preceding the Distribution Date (except that if such Permitted
Investment is an obligation of the institution that maintains such account, then
such Permitted  Investment shall mature not later than such  Distribution  Date)
and, in each case,  shall not be sold or disposed of prior to its maturity.  All
such  Permitted  Investments  shall be made in the name of the Trustee,  for the
benefit  of the  Certificateholders.  All  income  and gain (net of any  losses)
realized  from any such  investment  of funds  on  deposit  in the NMC  Servicer
Custodial  Account  shall be for the benefit of the NMC  Servicer  as  servicing
compensation and shall be retained by it monthly as provided herein.  All income
or gain  (net of any  losses)  realized  from  any such  investment  of funds on
deposit in the BA Servicer  Custodial Account shall be for the benefit of the BA
Servicer  as  servicing  compensation  and shall be  retained  by it  monthly as
provided  herein.  All income or gain (net of any losses) realized from any such
investment  of funds on  deposit  in the  Certificate  Account  shall be for the
benefit of the Trustee as  additional  compensation  and shall be retained by it
monthly  as  provided  herein.  The  amount of any  losses  realized  in the NMC
Servicer Custodial Account, the BA Servicer Custodial Account or the Certificate
Account  incurred in any such account in respect of any such  investments  shall
promptly be deposited by the NMC Servicer in the NMC Servicer Custodial Account,
the BA Servicer in the BA  Servicer  Custodial  Account or by the Trustee in the
Certificate Account, as applicable.                                             

            (e)   A  Servicer  shall give notice to the Trustee of any  proposed
change of the  location of the Servicer  Custodial  Account  maintained  by such
Servicer  not later  than 30 days and not more than 45 days  prior to any change
thereof. The Trustee shall give notice to the Servicers,  each Rating Agency and
the Depositor of any proposed change of the location of the Certificate  Account
not later than 30 days and not more than 45 days  prior to any  change  thereof.
The  creation  of  any  Servicer  Custodial  Account  shall  be  evidenced  by a
certification  substantially  in the form of  EXHIBIT F  hereto.  A copy of such
certification shall be furnished to the Trustee.                                

            (f)   The  Trustee  shall  establish  and  maintain  the  Upper-Tier
Certificate   Account.   On  each   Distribution  Date  (other  than  the  Final
Distribution  Date,  if such Final  Distribution  Date is in  connection  with a
purchase of the assets of the Trust Estate by the Depositor), the Trustee shall,
from  funds  available  on  deposit  in the  Certificate  Account,  deposit,  in
immediately available funds, by wire transfer or otherwise,  into the Upper-Tier
Certificate Account, the Lower-Tier Distribution Amount.                        

            Section 3.09    COLLECTION OF TAXES,  ASSESSMENTS AND SIMILAR ITEMS;
ESCROW ACCOUNTS.        

            (a)   To the extent  required by the related  Mortgage  Note and not
violative of current  law,  each  Servicer  shall  segregate  and hold all funds
collected and received  pursuant to each Mortgage Loan serviced by such Servicer
which constitute Escrow Payments in trust separate and apart from any of its own
funds and general  assets and for such purpose shall  establish and maintain one
or more escrow accounts  (collectively,  the "ESCROW ACCOUNT"),  titled "[Insert
name of Servicer],  in trust for registered  holders of Bank of America Mortgage
Securities,  Inc. Mortgage Pass-Through Certificates,  Series 1999-2 and various
Mortgagors."  The Escrow Account shall be established  with a commercial bank, a
savings bank or a savings and loan  association  that meets the  guidelines  set
forth by FNMA or FHLMC as an eligible  institution for escrow accounts and which
is a member of the Automated  Clearing  House.  In any case,  the Escrow Account
shall be  insured  by the FDIC to the  fullest  extent  permitted  by law.  Each
Servicer shall deposit in the appropriate  Escrow Account on a daily basis,  and
retain  therein:  (i) all Escrow  Payments  collected on account of the Mortgage
Loans serviced by such Servicer,  (ii) all amounts representing  proceeds of any
hazard  insurance policy which are to be applied to the restoration or repair of
any related Mortgaged Property;  (iii) all amounts representing  proceeds of any
Primary  Insurance  Policy;  and (iv) all amounts  representing  Buydown  Funds.
Nothing herein shall require either  Servicer to compel a Mortgagor to establish
an Escrow Account in violation of applicable law.                               

            (b)   Withdrawals  of amounts so collected from the Escrow  Accounts
may be made by the related  Servicer only (i) to effect timely payment of taxes,
assessments,  mortgage insurance  premiums,  fire and hazard insurance premiums,
condominium or PUD association  dues, or comparable  items  constituting  Escrow
Payments  for the related  Mortgage,  (ii) to  reimburse  such  Servicer  out of
related  Escrow  Payments made with respect to a Mortgage Loan for any Servicing
Advance made by such Servicer  pursuant to Section  3.09(c) with respect to such
Mortgage  Loan,  (iii) to  refund to any  Mortgagor  any sums  determined  to be
overages,  (iv) for  transfer to the related  Servicer  Custodial  Account  upon
default of a Mortgagor or in accordance  with the terms of the related  Mortgage
Loan and if  permitted by  applicable  law,  (v) for  application  to restore or
repair  the  Mortgaged  Property,  (vi) to pay to the  Mortgagor,  to the extent
required by law, any interest paid on the funds deposited in the Escrow Account,
(vii) to pay to itself  any  interest  earned on funds  deposited  in the Escrow
Account  (and not  required to be paid to the  Mortgagor),  (viii) to the extent
permitted  under the terms of the related  Mortgage Note and applicable  law, to
pay late fees with respect to any Monthly  Payment  which is received  after the
applicable grace period,  (ix) to withdraw  suspense payments that are deposited
into the Escrow Account, (x) to withdraw any amounts inadvertently  deposited in
the Escrow  Account;  (xi) to clear and  terminate  the Escrow  Account upon the
termination  of this  Agreement in accordance  with Section  10.01;  or (xii) to
deposit  in  the  related  Servicer   Custodial  Account  amounts  available  in
accordance with any Buydown Agreement. Any Escrow Account shall not be a part of
the Trust Estate.                                                               

            (c)   With respect to each Mortgage Loan it services,  each Servicer
shall maintain accurate records reflecting the status of taxes,  assessments and
other charges which are or may become a lien upon the Mortgaged Property and the
status of  Primary  Insurance  Policy  premiums  and fire and  hazard  insurance
coverage.  Each  Servicer  shall  obtain,  from time to time,  all bills for the
payment of such charges  (including  renewal  premiums) and shall effect payment
thereof  prior  to the  applicable  penalty  or  termination  date and at a time
appropriate for securing maximum discounts allowable, employing for such purpose
deposits of the Mortgagor in the Escrow  Account,  if any, which shall have been
estimated  and  accumulated  by such  Servicer  in amounts  sufficient  for such
purposes,  as allowed  under the terms of the  Mortgage.  To the  extent  that a
Mortgage  does not  provide for Escrow  Payments,  the  related  Servicer  shall
determine that any such payments are made by the Mortgagor. The related Servicer
assumes full  responsibility  for the timely payment of all such bills and shall
effect  timely  payments  of all such  bills  irrespective  of each  Mortgagor's
faithful  performance  in the  payment  of  same  or the  making  of the  Escrow
Payments.  The related  Servicer  shall  advance any such  payments that are not
timely  paid,  but such  Servicer  shall be required  so to advance  only to the
extent  that  such  Servicing  Advances,  in the  good  faith  judgment  of such
Servicer,  will be  recoverable  by such  Servicer  out of  Insurance  Proceeds,
Liquidation Proceeds or otherwise.                                              

          Section 3.10   ACCESS TO  CERTAIN  DOCUMENTATION  AND  INFORMATION
   REGARDING THE MORTGAGE LOANS.

            Each  Servicer  shall  afford the Trustee  reasonable  access to all
records and documentation regarding the Mortgage Loans serviced by said Servicer
and all  accounts,  insurance  information  and other  matters  relating to this
Agreement,  such access being afforded without charge,  but only upon reasonable
request  and  during  normal  business  hours at the  office  designated  by the
applicable Servicer.                                                            

            Upon  reasonable  advance  notice in  writing,  each  Servicer  will
provide to each Certificateholder which is a savings and loan association,  bank
or insurance  company certain  reports and reasonable  access to information and
documentation  regarding the Mortgage Loans serviced by such Servicer sufficient
to permit such  Certificateholder  to comply with applicable  regulations of the
OTS  or  other  regulatory   authorities  with  respect  to  investment  in  the
Certificates;  provided that such Servicer shall be entitled to be reimbursed by
each such  Certificateholder  for actual  expenses  incurred by such Servicer in
providing such reports and access.                                              

            Section 3.11    PERMITTED  WITHDRAWALS  FROM THE SERVICER  CUSTODIAL
                    ACCOUNTS, CERTIFICATE ACCOUNT AND UPPER-TIER
CERTIFICATE ACCOUNT.    

            (a)   The NMC Servicer may from time to time make  withdrawals  from
the NMC Servicer  Custodial  Account,  and the BA Servicer may from time to time
make  withdrawals  from the BA Servicer  Custodial  Account,  for the  following
purposes:                                                                       

                (i) to pay to the related Servicer (to the extent not previously
      retained),  the servicing compensation to which it is entitled pursuant to
      Section 3.17, and to pay to the related Servicer,  as additional servicing
      compensation, earnings on or investment income with respect to funds in or
credited to the related Servicer Custodial Account;                 

                (ii) to reimburse the related Servicer for unreimbursed Advances
      made by it, such right of reimbursement pursuant to this clause (ii) being
      limited to amounts  received on the  Mortgage  Loan(s) in respect of which
any such Advance was made;                                          

                (iii) to reimburse the related  Servicer for any  Nonrecoverable
Advance previously made;                                            

                (iv) to reimburse the related Servicer for Insured Expenses from
the related Insurance Proceeds;                                     

                (v) to pay to the purchaser,  with respect to each Mortgage Loan
      or REO Property that has been purchased  pursuant to Section 2.02 or 2.05,
all amounts received thereon after the date of such purchase;       

                (vi) to  reimburse  the related  Servicer or the  Depositor  for
      expenses  incurred  by any of them and  reimbursable  pursuant  to Section
7.03;                                                               

                (vii) to withdraw any amount  deposited in the related  Servicer
Custodial Account and not required to be deposited therein;         

                (viii) on or prior to the Remittance Date, to withdraw an amount
      equal to the related Pool Distribution Amount, the related Trustee Fee and
      any  other  amounts  due to the  Trustee  under  this  Agreement  for such
      Distribution  Date,  to the extent on  deposit,  and remit such  amount in
      immediately  available funds to the Trustee for deposit in the Certificate
Account; and                                                        

                (ix) to clear  and  terminate  the  related  Servicer  Custodial
 Account upon termination of this Agreement pursuant to Section 10.01.

            Each  Servicer  shall keep and maintain  separate  accounting,  on a
Mortgage  Loan by  Mortgage  Loan  basis,  for the  purpose  of  justifying  any
withdrawal from the related Servicer  Custodial Account pursuant to clauses (i),
(ii),  (iv) and (v).  Prior to making any withdrawal  from the related  Servicer
Custodial  Account pursuant to clause (iii),  each Servicer shall deliver to the
Trustee an Officer's Certificate of a Servicing Officer indicating the amount of
any previous Advance determined by such Servicer to be a Nonrecoverable  Advance
and identifying the related Mortgage  Loan(s) and their  respective  portions of
such Nonrecoverable Advance.                                                    

            (b)   The Trustee shall withdraw funds from the Certificate  Account
for  distributions  to  Certificateholders  in  the  manner  specified  in  this
Agreement.  In addition, the Trustee may from time to time make withdrawals from
the Certificate Account for the following purposes:                             

                (i) to pay to itself the Trustee  Fee and any other  amounts due
  to the Trustee under this Agreement for the related Distribution Date;

                (ii) to pay to itself as additional  compensation earnings on or
investment income with respect to funds in the Certificate Account; 

                (iii) to withdraw and return to the related  Servicer any amount
      deposited  in the  Certificate  Account and not  required to be  deposited
therein; and                                                        

                (iv)  to  clear  and  terminate  the  Certificate  Account  upon
termination of the Agreement pursuant to Section 10.01.             

            (c)   Notwithstanding  anything herein to the contrary,  the Classes
of  Certificates  (other  than the Class  A-LR  Certificate)  shall not  receive
distributions  directly from the Certificate Account. On each Distribution Date,
funds on deposit in the  Upper-Tier  Certificate  Account  shall be used to make
payment on the Classes of Certificates  (other than the Class A-LR  Certificate)
as provided in Sections 5.01 and 5.02. The Upper-Tier  Certificate Account shall
be cleared and terminated upon termination of this Agreement pursuant to Section
10.01.                                                                          

Section 3.12      MAINTENANCE OF HAZARD INSURANCE.      

            Each Servicer  shall cause to be  maintained  for each Mortgage Loan
serviced by such  Servicer  fire and hazard  insurance  with  extended  coverage
customary in the area where the Mortgaged Property is located in an amount which
is at least equal to the lesser of (a) the full insurable value of the Mortgaged
Property or (b) the greater of (i) the  outstanding  principal  balance owing on
the Mortgage  Loan and (ii) an amount such that the  proceeds of such  insurance
shall be sufficient to avoid the  application  to the Mortgagor or loss payee of
any coinsurance clause under the policy. If the Mortgaged Property is in an area
identified in the Federal Register by the Federal Emergency Management Agency as
having special flood hazards (and such flood  insurance has been made available)
the  related  Servicer  will cause to be  maintained  a flood  insurance  policy
meeting the  requirements  of the current  guidelines  of the Federal  Insurance
Administration  and the requirements of FNMA or FHLMC.  Each Servicer shall also
maintain on REO Property  serviced by such Servicer,  fire and hazard  insurance
with  extended  coverage  in an amount  which is at least  equal to the  maximum
insurable value of the improvements which are a part of such property, liability
insurance and, to the extent  required,  flood  insurance in an amount  required
above.  Any amounts  collected by a Servicer under any such policies (other than
amounts to be deposited in an Escrow  Account and applied to the  restoration or
repair of the property subject to the related  Mortgage or property  acquired in
liquidation  of  the  Mortgage  Loan,  or to be  released  to the  Mortgagor  in
accordance  with  Customary  Servicing  Procedures)  shall be  deposited  in the
related Servicer  Custodial Account,  subject to withdrawal  pursuant to Section
3.11(a).  It is understood  and agreed that no  earthquake  or other  additional
insurance  need be required by a Servicer of any  Mortgagor or maintained on REO
Property,  other than pursuant to such  applicable laws and regulations as shall
at any time be in force and as shall  require  such  additional  insurance.  All
policies  required  hereunder shall be endorsed with standard  mortgagee clauses
with loss  payable to the related  Servicer,  and shall  provide for at least 30
days prior written notice of any  cancellation,  reduction in amount or material
change in coverage to such Servicer.                                            

            The hazard  insurance  policies for each  Mortgage Loan secured by a
unit  in  a  condominium  development  or  planned  unit  development  shall  be
maintained  with respect to such Mortgage Loan and the related  development in a
manner which is consistent with FNMA requirements.                              

            Notwithstanding  the  foregoing,  either  Servicer  may  maintain  a
blanket policy insuring against hazard losses on all of the Mortgaged Properties
relating to the Mortgage  Loans serviced by such Servicer in lieu of maintaining
the required hazard insurance policies for each Mortgage Loan and may maintain a
blanket policy insuring against special flood hazards in lieu of maintaining any
required flood insurance. Any such blanket policies shall (A) be consistent with
prudent  industry  standards,  (B) name the related  Servicer as loss payee, (C)
provide coverage in an amount equal to the aggregate unpaid principal balance on
the related Mortgage Loans without  co-insurance,  and (D) otherwise comply with
the  requirements  of this Section 3.12.  Any such blanket  policy may contain a
deductible  clause;  provided that if any Mortgaged Property is not covered by a
separate  policy  otherwise  complying  with this Section 3.12 and a loss occurs
with respect to such  Mortgaged  Property  which loss would have been covered by
such a policy,  the  related  Servicer  shall  deposit in the  related  Servicer
Custodial  Account the  difference,  if any,  between the amount that would have
been payable under a separate policy  complying with Section 3.12 and the amount
paid under such blanket policy.                                                 

     Section 3.13   ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION
AGREEMENTS.               

            (a)   Except  as otherwise  provided in this Section 3.13,  when any
Mortgaged Property subject to a Mortgage has been conveyed by the Mortgagor, the
related Servicer shall use reasonable  efforts, to the extent that it has actual
knowledge of such conveyance, to enforce any due-on-sale clause contained in any
Mortgage Note or Mortgage,  to the extent  permitted  under  applicable  law and
governmental regulations,  but only to the extent that such enforcement will not
adversely  affect or jeopardize  coverage under any Required  Insurance  Policy.
Notwithstanding  the  foregoing,  a Servicer is not  required  to exercise  such
rights  with  respect  to a  Mortgage  Loan if the  Person  to whom the  related
Mortgaged Property has been conveyed or is proposed to be conveyed satisfies the
terms and conditions contained in the Mortgage Note and Mortgage related thereto
and the consent of the  mortgagee  under such  Mortgage  Note or Mortgage is not
otherwise  required  under such Mortgage Note or Mortgage as a condition to such
transfer.  If (i) the related  Servicer is prohibited by law from  enforcing any
such due-on-sale clause, (ii) coverage under any Required Insurance Policy would
be adversely  affected,  (iii) the Mortgage  Note does not include a due-on-sale
clause or (iv)  nonenforcement  is otherwise  permitted  hereunder,  the related
Servicer is  authorized,  subject to Section  3.13(b),  to take or enter into an
assumption  and  modification  agreement  from or with the  Person  to whom such
Mortgaged  Property has been or is about to be conveyed,  pursuant to which such
Person  becomes  liable  under the  Mortgage  Note  and,  unless  prohibited  by
applicable  state law, the Mortgagor  remains liable thereon;  provided that the
Mortgage  Loan shall  continue to be covered  (if so covered  before the related
Servicer enters such agreement) by the applicable  Required Insurance  Policies.
The related  Servicer,  subject to Section 3.13(b),  is also authorized with the
prior  approval of the insurers under any Required  Insurance  Policies to enter
into a substitution of liability  agreement with such Person,  pursuant to which
the original Mortgagor is released from liability and such Person is substituted
as Mortgagor and becomes  liable under the Mortgage  Note.  Notwithstanding  the
foregoing,  a Servicer  shall not be deemed to be in default  under this Section
3.13 by reason of any  transfer or  assumption  which such  Servicer  reasonably
believes it is restricted by law from preventing, for any reason whatsoever.    

            (b)   Subject to a Servicer's duty to enforce any due-on-sale clause
to the  extent set forth in Section  3.13(a),  in any case in which a  Mortgaged
Property  has been  conveyed to a Person by a  Mortgagor,  and such Person is to
enter into an assumption  agreement or  modification  agreement or supplement to
the Mortgage Note or Mortgage that requires the signature of the Trustee,  or if
an  instrument  of release  signed by the  Trustee  is  required  releasing  the
Mortgagor  from  liability  on the Mortgage  Loan,  the related  Servicer  shall
prepare  and deliver or cause to be prepared  and  delivered  to the Trustee for
signature and shall direct,  in writing,  the Trustee to execute the  assumption
agreement  with the Person to whom the Mortgaged  Property is to be conveyed and
such  modification  agreement or  supplement to the Mortgage Note or Mortgage or
other  instruments  as are reasonable or necessary to carry out the terms of the
Mortgage  Note or  Mortgage or  otherwise  to comply  with any  applicable  laws
regarding  assumptions or the transfer of the Mortgaged Property to such Person.
In no event shall the Trustee incur  liability for executing any document  under
this Section 3.13 at the direction of a Servicer.  In  connection  with any such
assumption,  no material term of the Mortgage Note may be changed.  In addition,
the  substitute  Mortgagor and the Mortgaged  Property must be acceptable to the
related  Servicer  in  accordance  with its  underwriting  standards  as then in
effect.  Together with each such substitution,  assumption or other agreement or
instrument  delivered to the Trustee for  execution by it, the related  Servicer
shall deliver an Officer's  Certificate  signed by a Servicing  Officer  stating
that the  requirements  of this  subsection  have been met. Each Servicer  shall
notify the Trustee that any such  substitution or assumption  agreement has been
completed by forwarding to the Trustee (or at the direction of the Trustee,  the
Custodian) the original of such substitution or assumption  agreement,  which in
the case of the original shall be added to the related  Mortgage File and shall,
for all purposes,  be considered a part of such Mortgage File to the same extent
as all other  documents and  instruments  constituting  a part thereof.  Any fee
collected by a Servicer for  entering  into an  assumption  or  substitution  of
liability  agreement  may be retained  by such  Servicer  as  additional  master
servicing compensation. Notwithstanding the foregoing, to the extent permissible
under  applicable law and at the request of either  Servicer,  the Trustee shall
execute and deliver to such Servicer any powers of attorney and other  documents
prepared by such Servicer that are reasonably necessary or appropriate to enable
such  Servicer to execute any  assumption  agreement or  modification  agreement
required to be executed by the Trustee under this Section 3.13.                 

     Section 3.14   REALIZATION UPON DEFAULTED MORTGAGE LOANS; REO
PROPERTY.                 

            (a)   Each  Servicer shall use reasonable  efforts to foreclose upon
or otherwise  comparably convert the ownership of Mortgaged  Properties securing
such of the Mortgage  Loans  serviced by such Servicer as come into and continue
in  default  and as to  which  no  satisfactory  arrangements  can be  made  for
collection of delinquent payments.  In connection with such foreclosure or other
conversion,  each Servicer shall follow Customary Servicing Procedures and shall
meet the  requirements  of the  insurer  under any  Required  Insurance  Policy;
provided,  however,  that  either  Servicer  may enter into a special  servicing
agreement with an unaffiliated  Holder of 100% Percentage Interest of a Class of
Class B Certificates or a holder of a class of securities representing interests
in the Class B Certificates  and any other  subordinated  mortgage  pass-through
certificates.   Such  agreement   shall  be  subject  to  each  Rating  Agency's
acknowledgment  that the ratings of the Certificates in effect immediately prior
to the  entering  into such  agreement  would not be  qualified,  downgraded  or
withdrawn  and the  Certificates  would not be placed  on credit  review  status
(except  for  possible  upgrading)  as a  result  of such  agreement.  Any  such
agreement may contain provisions whereby such holder may instruct the applicable
Servicer to commence or delay foreclosure proceedings with respect to delinquent
Mortgage  Loans  serviced by such Servicer and will contain  provisions  for the
deposit  of cash by the holder  that  would be  available  for  distribution  to
Certificateholders if Liquidation Proceeds are less than they otherwise may have
been  had  the  Servicer  acted  in  accordance  with  its  normal   procedures.
Notwithstanding  the  foregoing,  a Servicer shall not be required to expend its
own funds in connection  with any  foreclosure or towards the restoration of any
Mortgaged  Property unless it shall determine (i) that such  restoration  and/or
foreclosure will increase the proceeds of liquidation of the Mortgage Loan after
reimbursement  to itself of such  expenses and (ii) that such  expenses  will be
recoverable  to it through  proceeds of the  liquidation  of the  Mortgage  Loan
(respecting  which it shall have priority for purposes of  withdrawals  from the
related Servicer  Custodial  Account).  Any such  expenditures  shall constitute
Servicing Advances for purposes of this Agreement.                              

            The decision of either Servicer to foreclose on a defaulted Mortgage
Loan shall be subject to a  determination  by such Servicer that the proceeds of
such  foreclosure  would  exceed  the  costs and  expenses  of  bringing  such a
proceeding.                                                                     

            Unless the related Buydown  Agreement  provides  otherwise,  neither
Servicer may use Buydown Funds relating to a Mortgage Loan to cure a delinquency
with  respect  to  such  Mortgage  Loan.  Any  Buydown  Funds  remaining  in the
associated  Escrow Account of a Mortgage Loan in foreclosure must be disposed of
in accordance with the terms of the related Buydown Agreement.                  

            With respect to any REO Property,  the deed or  certificate  of sale
shall  be  taken  in  the  name  of  the   Trustee   for  the   benefit  of  the
Certificateholders,  or its nominee,  on behalf of the  Certificateholders.  The
Trustee's  name shall be placed on the title to such REO Property  solely as the
Trustee hereunder and not in its individual capacity. The related Servicer shall
ensure that the title to such REO Property  references  this  Agreement  and the
Trustee's capacity hereunder. Pursuant to its efforts to sell such REO Property,
the related  Servicer  shall either itself or through an agent  selected by such
Servicer  manage,  conserve,  protect and operate  such REO Property in the same
manner  that it manages,  conserves,  protects  and  operates  other  foreclosed
property for its own account and in the same manner that similar property in the
same locality as the REO Property is managed.  Incident to its  conservation and
protection  of the interests of the  Certificateholders,  such Servicer may rent
the same, or any part thereof, as such Servicer deems to be in the best interest
of the Certificateholders for the period prior to the sale of such REO Property.
Each  Servicer  shall  prepare for and  deliver to the Trustee a statement  with
respect to each REO Property  serviced by such Servicer that has been rented, if
any, showing the aggregate  rental income received and all expenses  incurred in
connection  with the  management  and  maintenance  of such REO Property at such
times as is  necessary  to  enable  the  Trustee  to comply  with the  reporting
requirements of the REMIC Provisions;  provided,  however, that a Servicer shall
have no duty to rent any REO  Property  on behalf of the Trust.  The net monthly
rental income,  if any, from such REO Property shall be deposited in the related
Servicer  Custodial  Account  no  later  than  the  close  of  business  on each
Determination  Date.  Each Servicer shall perform,  with respect to the Mortgage
Loans serviced by such Servicer,  the tax reporting and withholding  required by
Sections  1445  and  6050J  of  the  Code  with  respect  to  foreclosures   and
abandonments,  the tax  reporting  required  by  Section  6050H of the Code with
respect to the receipt of mortgage interest from individuals and, if required by
Section 6050P of the Code with respect to the  cancellation  of  indebtedness by
certain financial entities, by preparing such tax and information returns as may
be required,  in the form  required.  Each Servicer shall deliver copies of such
reports to the Trustee.                                                         

            If the Trust acquires any Mortgaged  Property as described  above or
otherwise  in  connection  with a  default  or a  default  which  is  reasonably
foreseeable  on a Mortgage  Loan,  the related  Servicer  shall  dispose of such
Mortgaged  Property  prior to the end of the third  calendar year  following the
year of its acquisition by the Trust (such period, the "REO DISPOSITION PERIOD")
unless (A) the Trustee shall have been supplied by such Servicer with an Opinion
of  Counsel  to the  effect  that the  holding  by the  Trust of such  Mortgaged
Property  subsequent  to the REO  Disposition  Period  will  not  result  in the
imposition of taxes on "prohibited  transactions" on either the Upper-Tier REMIC
or the Lower-Tier REMIC (as defined in Section 860F of the Code) or cause either
REMIC  to fail to  qualify  as a REMIC at any time  that  any  Certificates  are
outstanding,  or (B) the Trustee (at such  Servicer's  expense) or such Servicer
shall have applied for, prior to the expiration of the REO  Disposition  Period,
an extension of the REO Disposition Period in the manner contemplated by Section
856(e)(3)  of the Code.  If such an Opinion of  Counsel is  provided  or such an
exemption is obtained,  the Trust may continue to hold such  Mortgaged  Property
(subject  to any  conditions  contained  in such  Opinion  of  Counsel)  for the
applicable  period.  Notwithstanding  any other provision of this Agreement,  no
Mortgaged Property acquired by the Trust shall be rented (or allowed to continue
to be rented) or otherwise  used for the production of income by or on behalf of
the Trust in such a manner or  pursuant  to any terms  that would (i) cause such
Mortgaged  Property  to fail to qualify  as  "foreclosure  property"  within the
meaning of Section  860G(a)(8)  of the Code or (ii) subject  either REMIC to the
imposition of any federal, state or local income taxes on the income earned from
such Mortgaged  Property under Section 860G(c) of the Code or otherwise,  unless
the related  Servicer has agreed to indemnify  and hold  harmless the Trust with
respect to the imposition of any such taxes. Each Servicer shall identify to the
Trustee any  Mortgaged  Property  relating to a Mortgage  Loan  serviced by such
Servicer  held by the Trust for 30 months  for which no plans to dispose of such
Mortgaged  Property  by such  Servicer  have been made.  After  delivery of such
identification,  the  related  Servicer  shall  proceed  to  dispose of any such
Mortgaged  Property  by  holding  a  commercially  reasonable  auction  for such
property.                                                                       

            The income earned from the management of any REO Properties,  net of
reimbursement  to the related  Servicer for  expenses  incurred  (including  any
property  or  other  taxes)  in  connection  with  such  management  and  net of
unreimbursed Servicing Fees, Periodic Advances and Servicing Advances,  shall be
applied to the payment of  principal  of and  interest on the related  defaulted
Mortgage  Loans (solely for the purposes of  allocating  principal and interest,
interest  shall be treated as accruing as though such Mortgage  Loans were still
current)  and  all  such  income  shall  be  deemed,  for all  purposes  in this
Agreement,  to be payments on account of  principal  and interest on the related
Mortgage  Notes and  shall be  deposited  into the  related  Servicer  Custodial
Account.  To the extent the net income  received during any calendar month is in
excess of the amount  attributable to amortizing  principal and accrued interest
at the related  Mortgage  Interest  Rate on the related  Mortgage  Loan for such
calendar  month,  such excess shall be considered to be a partial  prepayment of
principal of the related Mortgage Loan.                                         

            The proceeds from any liquidation of a Mortgage Loan, as well as any
income from an REO Property, will be applied in the following order of priority:
first, to reimburse the related Servicer for any related unreimbursed  Servicing
Advances and Servicing Fees;  second,  to reimburse the related Servicer for any
unreimbursed  Periodic Advances and to reimburse the related Servicer  Custodial
Account  for  any  Nonrecoverable  Advances  (or  portions  thereof)  that  were
previously  withdrawn by the related Servicer  pursuant to Section  3.11(a)(iii)
that related to such Mortgage Loan;  third,  to accrued and unpaid  interest (to
the  extent  no  Periodic  Advance  has been  made for such  amount  or any such
Periodic  Advance  has been  reimbursed)  on the  Mortgage  Loan or related  REO
Property,  at the Mortgage Rate to the Due Date  occurring in the month in which
such  amounts are  required  to be  distributed;  and  fourth,  as a recovery of
principal of the Mortgage Loan. Excess Proceeds, if any, from the liquidation of
a  Liquidated  Mortgage  Loan  will  be  retained  by the  related  Servicer  as
additional servicing compensation pursuant to Section 3.17.                     

            (b)   Each  Servicer  shall  promptly  notify the  Depositor  of any
Mortgage Loan serviced by such Servicer which comes into default.  The Depositor
shall be entitled,  at its option, to repurchase (i) any such defaulted Mortgage
Loan from the Trust Estate if, in the Depositor's  judgment,  the default is not
likely  to be cured by the  Mortgagor  or (ii) any  Mortgage  Loan in the  Trust
Estate which pursuant to Section 4(b) of the  applicable  Mortgage Loan Purchase
Agreement the applicable Seller requests the Depositor to repurchase and to sell
to such Seller to  facilitate  the exercise of the Seller's  rights  against the
originator or prior holder of such  Mortgage  Loan.  The purchase  price for any
such  Mortgage  Loan  shall  be 100% of the  unpaid  principal  balance  of such
Mortgage Loan plus accrued interest thereon at the Mortgage  Interest Rate (less
the Servicing Fee Rate for such Mortgage Loan) through the last day of the month
in which such repurchase  occurs.  Upon the receipt of such purchase price,  the
applicable  Servicer shall provide to the Trustee the  notification  required by
Section  3.15 and the Trustee or the  Custodian  shall  promptly  release to the
Depositor the Mortgage File relating to the Mortgage Loan being repurchased.    

       Section 3.15   TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.

            Upon the payment in full of any Mortgage  Loan,  or the receipt by a
Servicer  of a  notification  that  payment in full will be escrowed in a manner
customary for such purposes,  the related Servicer will  immediately  notify the
Trustee (or, at the direction of the Trustee,  the Custodian) by delivering,  or
causing to be  delivered,  two copies  (one of which  will be  returned  to such
Servicer  with the  Mortgage  File)  of a  Request  for  Release  (which  may be
delivered  in an  electronic  format  acceptable  to the Trustee and the related
Servicer).  Upon  receipt of such  request,  the  Trustee or the  Custodian,  as
applicable,  shall within seven Business Days release the related  Mortgage File
to the related Servicer.  The Trustee shall at the related Servicer's  direction
execute and deliver to such  Servicer  the  request  for  reconveyance,  deed of
reconveyance or release or satisfaction of mortgage or such instrument releasing
the lien of the Mortgage, in each case provided by such Servicer,  together with
the  Mortgage  Note with  written  evidence of  cancellation  thereon.  Expenses
incurred  in  connection   with  any  instrument  of  satisfaction  or  deed  of
reconveyance shall be chargeable to the related Mortgagor. From time to time and
as shall be  appropriate  for the servicing or foreclosure of any Mortgage Loan,
including for such purpose  collection under any policy of flood insurance,  any
fidelity bond or errors or omissions  policy, or for the purposes of effecting a
partial  release of any Mortgaged  Property from the lien of the Mortgage or the
making of any  corrections  to the  Mortgage  Note or the Mortgage or any of the
other documents included in the Mortgage File, the Trustee or the Custodian,  as
applicable,  shall,  upon  delivery to the Trustee (or, at the  direction of the
Trustee,  the Custodian) of a Request for Release signed by a Servicing Officer,
release the Mortgage File within seven  Business  Days to the related  Servicer.
Subject to the further  limitations set forth below,  the related Servicer shall
cause the  Mortgage  File so  released  to be  returned  to the  Trustee  or the
Custodian,  as  applicable,  when the need  therefor by such  Servicer no longer
exists,  unless the Mortgage  Loan is  liquidated  and the proceeds  thereof are
deposited in the related Servicer Custodial  Account,  in which case the related
Servicer shall deliver to the Trustee or the Custodian, as applicable, a Request
for Release, signed by a Servicing Officer.                                     

            The Trustee shall execute and deliver to either  Servicer any powers
of attorney and other  documents  prepared by such Servicer that are  reasonably
necessary or  appropriate to enable such Servicer to carry out its servicing and
administrative  duties under this Agreement,  upon the request of such Servicer.
In addition,  upon  prepayment  in full of any  Mortgage  Loan or the receipt of
notice  that funds for such  purpose  have been  placed in escrow,  the  related
Servicer is  authorized  to give,  as  attorney-in-fact  for the Trustee and the
mortgagee under the Mortgage,  an instrument of  satisfaction  (or Assignment of
Mortgage without  recourse)  regarding the Mortgaged  Property  relating to such
Mortgage Loan,  which  instrument of satisfaction or Assignment of Mortgage,  as
the case may be,  shall be  delivered  to the Person  entitled  thereto  against
receipt of the  prepayment in full. In lieu of executing  such  satisfaction  or
Assignment of Mortgage, or if another document is required to be executed by the
Trustee,  the  related  Servicer  may  deliver or cause to be  delivered  to the
Trustee,  for  signature,  as  appropriate,  any court  pleadings,  requests for
trustee's sale or other documents  necessary to effectuate  such  foreclosure or
any legal  action  brought  to obtain  judgment  against  the  Mortgagor  on the
Mortgage  Note or the Mortgage or to obtain a deficiency  judgment or to enforce
any other  remedies or rights  provided by the Mortgage  Note or the Mortgage or
otherwise available at law or in equity.                                        

        Section  3.16  DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF THE
           SERVICERS TO BE HELD FOR THE TRUSTEE.

            Each Servicer  shall transmit to the Trustee or, at the direction of
the Trustee,  the  Custodian as required by this  Agreement  all  documents  and
instruments in respect of a Mortgage Loan serviced by such Servicer  coming into
the possession of such Servicer from time to time and shall account fully to the
Trustee for any funds received by such Servicer or which otherwise are collected
by such Servicer as Liquidation Proceeds or Insurance Proceeds in respect of any
Mortgage  Loan  serviced  by  such  Servicer.  The  documents  constituting  the
Servicing File shall be held by the related Servicer as custodian and bailee for
the  Trustee.  All Mortgage  Files and funds  collected or held by, or under the
control of, either Servicer in respect of any Mortgage  Loans,  whether from the
collection  of principal  and interest  payments or from  Liquidation  Proceeds,
including  but not  limited  to, any funds on deposit  in the  related  Servicer
Custodial  Account,  shall be held by such  Servicer  for and on  behalf  of the
Trustee and shall be and remain the sole and exclusive  property of the Trustee,
subject to the  applicable  provisions  of this  Agreement.  Each  Servicer also
agrees that it shall not knowingly create, incur or subject any Mortgage File or
any  funds  that  are  deposited  in the  related  Servicer  Custodial  Account,
Certificate  Account or any Escrow  Account,  or any funds that otherwise are or
may   become  due  or  payable   to  the   Trustee   for  the   benefit  of  the
Certificateholders,  to any claim, lien, security interest, judgment, levy, writ
of attachment or other encumbrance created by such Servicer,  or assert by legal
action or otherwise  any claim or right of setoff  against any Mortgage  File or
any funds collected on, or in connection with, a Mortgage Loan, except, however,
that each Servicer shall be entitled to set off against and deduct from any such
funds any amounts that are properly due and payable to such Servicer  under this
Agreement.                                                                      

Section 3.17    SERVICING COMPENSATION.                 

            Each Servicer shall be entitled out of each payment of interest on a
Mortgage Loan (or portion thereof) serviced by such Servicer and included in the
Trust Estate to retain or withdraw from the related Servicer  Custodial  Account
an amount equal to the Servicing Fee for such Distribution Date.                

            Additional  servicing  compensation in the form of Excess  Proceeds,
prepayment  penalties,  assumption fees, late payment charges and all income and
gain  net of any  losses  realized  from  Permitted  Investments  and all  other
customary  and  ancillary  income  and fees  shall be  retained  by the  related
Servicer to the extent not  required  to be  deposited  in the related  Servicer
Custodial  Account pursuant to Section 3.08(b).  Each Servicer shall be required
to pay all expenses  incurred by it in connection with its servicing  activities
hereunder  and  shall  not be  entitled  to  reimbursement  therefor  except  as
specifically provided in this Agreement.                                        

            Notwithstanding  the  foregoing,  with respect to the payment of the
Servicing Fee on any  Distribution  Date,  the aggregate  Servicing Fee for each
Servicer for such  Distribution Date shall be reduced (but not below zero) by an
amount equal to the lesser of (a) the  Prepayment  Interest  Shortfall  for such
Distribution  Date relating to the Mortgage  Loans serviced by such Servicer and
(b) one-twelfth of 0.25% of the aggregate  Scheduled  Principal  Balance of such
Mortgage Loans for such  Distribution  Date (any such  reduction,  "COMPENSATING
INTEREST").                                                                     

Section 3.18    ANNUAL STATEMENT AS TO COMPLIANCE.      

            Each Servicer shall deliver to the Trustee and each Rating Agency on
or before 90 days after the end of such Servicer's fiscal year,  commencing with
its 1999  fiscal  year,  an  Officer's  Certificate  stating,  as to the  signer
thereof,  that  (a) a review  of the  activities  of such  Servicer  during  the
preceding  calendar  year and of the  performance  of such  Servicer  under this
Agreement has been made under such officer's supervision, and (b) to the best of
such officer's knowledge,  based on such review, such Servicer has fulfilled all
its obligations under this Agreement throughout such year, or, if there has been
a  default  in the  fulfillment  of any such  obligation,  specifying  each such
default known to such officer and the nature and status thereof.                

            Section 3.19    ANNUAL  INDEPENDENT  PUBLIC  ACCOUNTANTS'  SERVICING
        STATEMENT; FINANCIAL STATEMENTS.

            Each Servicer shall, at its own expense,  on or before 90 days after
the end of such  Servicer's  fiscal year,  commencing with its 1999 fiscal year,
cause a firm of  independent  public  accountants  (who  may also  render  other
services to such  Servicer or any  affiliate  thereof)  which is a member of the
American Institute of Certified Public Accountants to furnish a statement to the
Trustee to the effect that such firm has with respect to such Servicer's overall
servicing   operations,   examined  such   operations  in  accordance  with  the
requirements  of the Uniform Single  Attestation  Program for Mortgage  Bankers,
stating such firm's conclusions relating thereto.                               

Section 3.20   ADVANCES.                                

            Each Servicer  shall  determine on or before each  Servicer  Advance
Date  whether  it is  required  to  make  a  Periodic  Advance  pursuant  to the
definition  thereof.  If either  Servicer  determines  it is  required to make a
Periodic  Advance,  it shall, on or before the Servicer Advance Date, either (a)
deposit  into the  related  Servicer  Custodial  Account an amount  equal to the
Advance  and/or (b) make an  appropriate  entry in its  records  relating to the
related  Servicer  Custodial  Account  that any  portion of the Amount  Held for
Future  Distribution  in such Servicer  Custodial  Account has been used by such
Servicer in discharge of its obligation to make any such Periodic  Advance.  Any
funds so applied  shall be replaced  by such  Servicer by deposit in the related
Servicer  Custodial  Account no later than the close of business on the Business
Day preceding the next Servicer Advance Date. Each Servicer shall be entitled to
be reimbursed from the related  Servicer  Custodial  Account for all Advances of
its own funds made pursuant to this Section 3.20 as provided in Section 3.11(a).
The obligation to make Periodic Advances with respect to any Mortgage Loan shall
continue  until  the  ultimate  disposition  of the REO  Property  or  Mortgaged
Property  relating to such Mortgage Loan. Each Servicer shall inform the Trustee
of the  amount  of the  Periodic  Advance  to be made by such  Servicer  on each
Servicer Advance Date no later than the related Remittance Date.                

            Each Servicer  shall deliver to the Trustee on the related  Servicer
Advance Date an Officer's  Certificate  of a Servicing  Officer  indicating  the
amount of any proposed  Periodic  Advance  determined  by such  Servicer to be a
Nonrecoverable  Advance.  Notwithstanding  anything to the contrary, the related
Servicer shall not be required to make any Periodic Advance or Servicing Advance
that would be a Nonrecoverable Advance.                                         

       Section 3.21   MODIFICATIONS, WAIVERS, AMENDMENTS AND CONSENTS.

            (a)   Subject  to this Section 3.21,  each Servicer may agree to any
modification, waiver, forbearance, or amendment of any term of any Mortgage Loan
serviced  by  such   Servicer   without  the  consent  of  the  Trustee  or  any
Certificateholder. All modifications, waivers, forbearances or amendments of any
Mortgage  Loan  shall be in  writing  and  shall be  consistent  with  Customary
Servicing Procedures.                                                           

            (b)   A  Servicer shall not agree to enter into, and shall not enter
into, any modification, waiver (other than a waiver referred to in Section 3.13,
which  waiver,  if any,  shall be  governed  by Section  3.13),  forbearance  or
amendment  of any  term  of any  Mortgage  Loan if  such  modification,  waiver,
forbearance, or amendment would:                                                

                (i)  affect  the  amount  or timing of any  related  payment  of
principal, interest or other amount payable thereunder;             

                (ii) in such Servicer's judgment, materially impair the security
      for such  Mortgage  Loan or reduce  the  likelihood  of timely  payment of
amounts due thereon; or                                             

                (iii) otherwise constitutes a "significant  modification" within
the meaning of Treasury Regulations Section 1.860G-2(b);            

unless,  in either case,  (A) such  Mortgage Loan is 90 days or more past due or
(B) such  Servicer  delivers  to the Trustee an Opinion of Counsel to the effect
that such  modification,  waiver,  forbearance or amendment would not affect the
REMIC  status of either the  Upper-Tier  REMIC or the  Lower-Tier  REMIC and, in
either case, such modification,  waiver,  forbearance or amendment is reasonably
likely to produce a greater  recovery  with respect to such  Mortgage  Loan than
would liquidation.  Subject to Customary Servicing  Procedures,  either Servicer
may permit a forbearance  for a Mortgage Loan serviced by such Servicer which in
such Servicer's judgment is subject to imminent default.                        

            (c)   Any  payment of  interest,  which is deferred  pursuant to any
modification,  waiver,  forbearance or amendment permitted hereunder, shall not,
for  purposes  hereof,  including,   without  limitation,   calculating  monthly
distributions to Certificateholders, be added to the unpaid principal balance of
the related Mortgage Loan,  notwithstanding that the terms of such Mortgage Loan
or such modification, waiver or amendment so permit.                            

            (d)   Either Servicer may, as a condition to granting any request by
a Mortgagor for consent,  modification,  waiver,  forbearance or amendment,  the
granting of which is within such Servicer's  discretion pursuant to the Mortgage
Loan  and is  permitted  by the  terms  of this  Agreement,  require  that  such
Mortgagor  pay  to  such  Servicer,  as  additional  servicing  compensation,  a
reasonable or customary fee for the additional  services performed in connection
with such request, together with any related costs and expenses incurred by such
Servicer,  which  amount  shall  be  retained  by such  Servicer  as  additional
servicing compensation.                                                         

            (e)   Each  Servicer  shall notify the Trustee,  in writing,  of any
modification,  waiver, forbearance or amendment of any term of any Mortgage Loan
serviced by such Servicer and the date thereof, and shall deliver to the Trustee
(or, at the direction of the Trustee,  the Custodian) for deposit in the related
Mortgage  File,  an  original  counterpart  of the  agreement  relating  to such
modification,  waiver,  forbearance  or  amendment,  promptly  (and in any event
within ten Business Days) following the execution  thereof;  provided,  however,
that if any such modification,  waiver,  forbearance or amendment is required by
applicable  law to be recorded,  the related  Servicer (i) shall  deliver to the
Trustee a copy thereof and (ii) shall deliver to the Trustee such document, with
evidence of notification upon receipt thereof from the public recording office. 

         Section 3.22   REPORTS TO THE SECURITIES AND EXCHANGE COMMISSION.

            The Trustee  shall,  on behalf of the Trust,  cause to be filed with
the Securities and Exchange Commission any periodic reports required to be filed
under the provisions of the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Securities and Exchange Commission thereunder,  for
so long as any Certificates registered under the 1933 Act are outstanding (other
than the Current  Report on Form 8-K to be filed by the  Depositor in connection
with  computational  materials and the initial  Current Report on Form 8-K to be
filed by the  Depositor in  connection  with the issuance of the  Certificates).
Upon the request of the Trustee,  each of the Servicers and the Depositor  shall
cooperate  with the  Trustee  in the  preparation  of any such  report and shall
provide to the Trustee in a timely manner all such  information or documentation
as the Trustee may reasonably  request in connection with the performance of its
duties and obligations under this Section.                                      

ARTICLE IV

SERVICER'S CERTIFICATE

Section 4.01   SERVICER'S CERTIFICATE.                  

            Each month,  not later than 12:00 noon  Eastern time on the Business
Day  following  each  Determination  Date,  each  Servicer  shall deliver to the
Trustee, a Servicer's  Certificate (in substance and format mutually  acceptable
to such Servicer and the Trustee) certified by a Servicing Officer setting forth
the  information  necessary in order for the Trustee to perform its  obligations
under this  Agreement.  The Trustee may  conclusively  rely upon the information
contained in a Servicer's  Certificate for all purposes hereunder and shall have
no duty to verify or re-compute any of the information contained therein.       

            Each such  statement  shall be provided by the Trustee to any Holder
of a Certificate upon request and shall also, to the extent  available,  include
information  regarding  delinquencies on Mortgage Loans serviced by the Servicer
providing such statement,  indicating the number and aggregate  principal amount
of Mortgage  Loans which are either one,  two,  three or more than three  months
delinquent and the book value of any REO Property.                              

 ARTICLE V

  PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS;
REMIC ADMINISTRATION

            Section 5.01 DISTRIBUTIONS.  On each Distribution Date, based solely
on the information in the Servicer's  Certificate  the Trustee shall  distribute
out of the Upper-Tier Certificate Account or Certificate Account, as applicable,
(to the extent funds are available therein) to each  Certificateholder of record
on the related  Record Date (other than as provided in Section 10.01  respecting
the final distribution) (a) by check mailed to such  Certificateholder  entitled
to receive a distribution on such  Distribution Date at the address appearing in
the Certificate Register, or (b) upon written request by the Holder of a Regular
Certificate (in the event such  Certificateholder owns of record 100% of a Class
of  Certificates  or  holds  Certificates  of  any  Class  having  denominations
aggregating  $1,000,000  or more),  by wire  transfer  or by such other means of
payment  as such  Certificateholder  and the  Trustee  shall  agree  upon,  such
Certificateholder's Percentage Interest in the amount to which the related Class
of Certificates is entitled in accordance with the priorities set forth below in
Section 5.02.                                                                   

            None of the Holders of any Class of Certificates, the Depositor, the
Servicers or the Trustee shall in any way be responsible or liable to Holders of
any Class of Certificates in respect of amounts properly previously  distributed
on any such Class.                                                              

            Amounts  distributed with respect to any Class of Certificates shall
be applied first to the  distribution of interest  thereon and then to principal
thereon.                                                                        

Section 5.02   PRIORITIES OF DISTRIBUTION.              

            (a)   On each  Distribution  Date,  based solely on the  information
contained in the  Servicer's  Certificate,  the Trustee shall  withdraw from the
Certificate  Account (to the extent funds are available therein) (1) the amounts
payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall
pay such funds to itself, and (2) the Pool Distribution  Amount, in an amount as
specified in written notice  received by the Trustee from the Servicers no later
than the related  Determination  Date,  and shall apply such  funds,  first,  to
distributions in respect of the Uncertificated Lower-Tier Interests as specified
in this Section 5.02(a) for deposit in the Upper-Tier  Certificate  Account, and
then  from  the  Upper-Tier   Certificate   Account  to   distributions  on  the
Certificates in the following order of priority and to the extent of such funds:

                (i) to each Class of Senior  Certificates  (other than the Class
      A-PO Certificates),  an amount allocable to interest equal to the Interest
      Distribution  Amount for such Class,  any shortfall  being allocated among
      such  Classes in  proportion  to the amount of the  Interest  Distribution
      Amount that would have been  distributed  in the absence of such shortfall
      and any shortfall allocated to the Class A-14 Certificates being allocated
      among the  Components in  proportion  to the amount of Component  Interest
      Distribution  Amount that would have been distributed with respect to such
      Component in the absence of such shortfall;  provided, however, that until
      the applicable  Accretion  Termination Date,  amounts that would have been
      distributed  pursuant to this clause to the Class A-10 Certificates or the
      Class A-14  Certificates with respect to the Class A-14 TAC Component will
      instead be  distributed  in  reduction  of the Class  Certificate  Balance
      and/or Component  Balance of the Classes of Certificates  and/or Component
specified in Section 5.02(b);                                       

                (ii)  concurrently  to the Class A Certificates  (other than the
      Class A-PO Certificates) and the Class A-PO Certificates,  pro rata, based
      on their respective Senior Principal  Distribution Amount and PO Principal
      Amount,  (A) to the  Class A  Certificates  (other  than  the  Class  A-PO
      Certificates),   in  an  aggregate  amount  up  to  the  Senior  Principal
      Distribution  Amount, such distribution to be allocated among such Classes
      in accordance with Section 5.02(b) and (B) to the Class A-PO  Certificates
in an aggregate amount up to the PO Principal Amount;               

                (iii) to the Class A-PO  Certificates,  any Class A-PO  Deferred
      Amount,  up to the  Subordinate  Principal  Distribution  Amount  for such
      Distribution Date from amounts otherwise  distributable first to the Class
      B-6 Certificates pursuant to clause (iv)(L) below, second to the Class B-5
      Certificates  pursuant  to clause  (iv)(J)  below,  third to the Class B-4
      Certificates  pursuant to clause  (iv)(H)  below,  fourth to the Class B-3
      Certificates  pursuant to clause  (iv)(F)  below,  fifth to the Clause B-2
      Certificates pursuant to clause (iv)(D) below and finally to the Class B-1
Certificates pursuant to clause (iv)(B) below;                      

                (iv) to each  Class  of  Subordinate  Certificates,  subject  to
paragraph (d) below, in the following order of priority:            

                  (A) to the Class B-1  Certificates,  an  amount  allocable  to
            interest  equal to the Interest  Distribution  Amount for such Class
for such Distribution Date;                             

                  (B) to the Class B-1  Certificates,  an  amount  allocable  to
            principal  equal to its Pro Rata  Share for such  Distribution  Date
            less any amount used to pay the Class A-PO Deferred  Amount pursuant
            to clause (iii) above until the Class  Certificate  Balance  thereof
has been reduced to zero;                               

                  (C) to the Class B-2  Certificates,  an  amount  allocable  to
            interest  equal to the Interest  Distribution  Amount for such Class
for such Distribution Date;                             

                  (D) to the Class B-2  Certificates,  an  amount  allocable  to
            principal  equal to its Pro Rata  Share for such  Distribution  Date
            less any amount used to pay the Class A-PO Deferred  Amount pursuant
            to clause (iii) above until the Class  Certificate  Balance  thereof
has been reduced to zero;                               

                  (E) to the Class B-3  Certificates,  an  amount  allocable  to
            interest  equal to the Interest  Distribution  Amount for such Class
for such Distribution Date;                             

                  (F) to the Class B-3  Certificates,  an  amount  allocable  to
            principal  equal to its Pro Rata  Share for such  Distribution  Date
            less any amount used to pay the Class A-PO Deferred  Amount pursuant
            to clause (iii) above until the Class  Certificate  Balance  thereof
has been reduced to zero;                               

                  (G) to the Class B-4  Certificates,  an  amount  allocable  to
            interest  equal to the Interest  Distribution  Amount for such Class
for such Distribution Date;                             

                  (H) to the Class B-4  Certificates,  an  amount  allocable  to
            principal  equal to its Pro Rata  Share for such  Distribution  Date
            less any amount used to pay the Class A-PO Deferred  Amount pursuant
            to clause (iii) above until the Class  Certificate  Balance  thereof
has been reduced to zero;                               

                  (I) to the Class B-5  Certificates,  an  amount  allocable  to
            interest  equal to the Interest  Distribution  Amount for such Class
for such Distribution Date;                             

                  (J) to the Class B-5  Certificates,  an  amount  allocable  to
            principal  equal to its Pro Rata  Share for such  Distribution  Date
            less any amount used to pay the Class A-PO Deferred  Amount pursuant
            to clause (iii) above until the Class  Certificate  Balance  thereof
has been reduced to zero;                               

                  (K) to the Class B-6  Certificates,  an  amount  allocable  to
            interest  equal to the Interest  Distribution  Amount for such Class
for such Distribution Date; and                         

                  (L) to the Class B-6  Certificates,  an  amount  allocable  to
            principal  equal to its Pro Rata  Share for such  Distribution  Date
            less any amount used to pay the Class A-PO Deferred  Amount pursuant
            to clause (iii) above until the Class  Certificate  Balance  thereof
has been reduced to zero; and                           

                (v) to the  Holder  of the Class A-R  Certificate,  any  amounts
      remaining in the Upper-Tier  Certificate Account, and to the Holder of the
Class A-LR Certificate, any remaining Pool Distribution Amount.     

            On any Distribution  Date,  amounts  distributed in respect of Class
A-PO Deferred Amounts will not reduce the Class Certificate Balance of the Class
A-PO Certificates.                                                              

            All distributions in respect of the Interest Distribution Amount for
a Class or the Component  Interest  Distribution  Amount for a Component will be
applied first with respect to the amount  payable  pursuant to clause (i) of the
definition of "INTEREST DISTRIBUTION AMOUNT" or "COMPONENT INTEREST DISTRIBUTION
AMOUNT," as applicable,  and second with respect to the amount payable  pursuant
to clause (ii) of such definitions.                                             

            On each Distribution Date, based solely on the information contained
in the Servicer's  Certificate,  each  Uncertificated  Lower-Tier Interest shall
receive  distributions  in respect of principal in an amount equal to the amount
of principal  distributed to their respective  Corresponding  Upper-Tier  Class,
Classes,  Component or Components as provided herein. On each Distribution Date,
each Uncertificated  Lower-Tier Interest shall receive  distributions in respect
of interest in an amount equal to the Interest  Distribution  Amounts in respect
of its Corresponding Upper-Tier Class, Classes, Component or Components, in each
case to the extent actually  distributed as interest thereon. In the case of the
Class A-L1 Interest, an amount equal to the Interest Distribution Amounts of the
Class A-10 Certificates and the Class A-14 TAC Component, which are added to the
Class Certificate  Balance and Component Balance thereof,  shall be added to the
principal  balance of the Class A-L1 Interest.  Such amounts  distributed to the
Uncertificated  Lower-Tier  Interests in respect of principal  and interest with
respect to any  Distribution  Date are  referred to herein  collectively  as the
"LOWER-TIER DISTRIBUTION AMOUNT."                                               

            As of  any  date,  the  principal  balance  of  each  Uncertificated
Lower-Tier  Interest equals the aggregate of the Class Certificate  Balances and
Component Balances of the respective  Corresponding  Upper-Tier Class,  Classes,
Component or Components.  The initial principal  balance of each  Uncertificated
Lower-Tier  Interest  equals the  aggregate  of the  Initial  Class  Certificate
Balances  and  Initial  Component  Balances  of  the  respective   Corresponding
Upper-Tier Class, Classes, Component or Components.                             

            The pass-through rate with respect to the Class A-L1 Interest, Class
A-L11  Interest,  Class  A-L12  Interest,  Class  A-L13  Interest,  Class  A-LUR
Interest,  Class B-L1 Interest,  Class B-L2 Interest, Class B-L3 Interest, Class
B-L4  Interest,  Class B-L5 Interest and Class B-L6 Interest  shall be 6.50% per
annum.  The  pass-through  rate with respect to the Class A-L7 Interest shall be
6.90%  per  annum.  The  pass-through  rate  with  respect  to  the  Class  A-L8
Certificate   shall  be  5.50%  per  annum.   The  Class  A-LPO  Interest  is  a
principal-only  interest and is not entitled to distributions  of interest.  Any
reductions to interest  accrued pursuant to Section 5.02(c) will be allocated to
each  Uncertificated  Lower-Tier  Interest in the same relative  proportions  as
interest is allocated to such Uncertificated Lower-Tier Interest.               

            (b)  (i) On each Distribution Date occurring  prior to the Accretion
Termination  Date  for  the  Class  A-10  Certificates,   based  solely  on  the
information  contained in the Servicer's  Certificate,  the Accrual Distribution
Amount  for the  Class  A-10  Certificates  will be  allocated  sequentially  as
follows:                                                                        

                  (A) first,  to the TAC Group,  up to the TAC Principal  Amount
for such Distribution Date; and                         

                  (B) second, to the Class A-10 Certificates,  until their Class
Certificate Balance has been reduced to zero.           

                (ii) On each  Distribution Date occurring prior to the Accretion
      Termination   Date  for  the  Class  A-14  TAC   Component,   the  Accrual
      Distribution  Amount for the Class A-14 TAC  Component  will be  allocated
sequentially as follows:                                            

                  (A) first, to the Class A-13  Certificates,  until their Class
Certificate Balance has been reduced to zero; and       

                  (B)  second,  to the  Class  A-14  TAC  Component,  until  its
Component Principal Balance has been reduced to zero.   

               (iii)  On each  Distribution  Date  prior  to the  Senior  Credit
      Support   Depletion  Date,  the  amount   distributable  to  the  Class  A
      Certificates (other than the Class A-PO Certificates)  pursuant to Section
      5.02(a)(ii)  for  such  Distribution  Date,  will  be  distributed  in the
following order of priority:                                        

                  (A) first, to the Class A-R  Certificate  (from the Upper-Tier
            Certificate  Account)  and the  Class  A-LR  Certificate  (from  the
            Certificate Account),  pro rata, until the Class Certificate Balance
thereof has been reduced to zero; and                   

(B) second, concurrently, as follows:       

              (i)   53.604788710%, sequentially, as follows:

                              (1) to the Class A-3 Certificates, up to the Class
                        A-3 Principal  Distribution Amount for such Distribution
           Date, until their Class Certificate Balance
has been reduced to zero;       

                              (2) concurrently,  54.2241915992% to the Class A-1
                        Certificates  and   45.7758084008%   to  the  Class  A-2
                        Certificates, until the Class Certificate Balance of the
                Class A-1 Certificates has been reduced to zero;

                              (3) concurrently,  54.2241915992% to the Class A-4
                        Certificates  and   45.7758084008%   to  the  Class  A-2
                        Certificates, until the Class Certificate Balance of the
                Class A-4 Certificates has been reduced to zero;

                              (4) concurrently,  54.2241915992% to the Class A-5
                        Certificates  and   45.7758084008%   to  the  Class  A-2
                        Certificates, until the Class Certificate Balance of the
                Class A-5 Certificates has been reduced to zero;

                              (5) concurrently,  54.2241915992% to the Class A-6
                        Certificates  and   45.7758084008%   to  the  Class  A-2
                        Certificates,  until  their Class  Certificate  Balances
have been reduced to zero;      

                              (6) concurrently,  71.4285750486% to the Class A-7
                        Certificates  and   28.5714249514%   to  the  Class  A-8
                        Certificates,  until  their Class  Certificate  Balances
have been reduced to zero; and  

                              (7) to the Class A-3 Certificates,  without regard
                        to the Class A-3 Principal  Distribution  Amount,  until
                        their  Class  Certificate  Balance  has been  reduced to
zero; and                       

               (ii)  46.3952111290%, concurrently, as follows:

                              (1)  0.1460562564% to the Class A-9  Certificates,
                        until  their Class Certificate  Balance has been reduced
to zero; and                    

                         (2)  99.8539437436% sequentially, as follows:

                                    (a)   sequentially,   to  the   Class   A-11
                              Certificates,  the Class A-12 Certificates and the
                              Class A-14 PAC  Component,  in that  order,  up to
                              their  respective  PAC Principal  Amounts for such
Distribution Date;  

                                    (b)   to  the  TAC  Group,  up  to  the  TAC
                        Principal Amount for such Distribution Date;

                                    (c)   to  the   Class   A-10   Certificates,
                              until  their Class Certificate  Balance  has  been
reduced to zero;    

                                    (d)  to  the  TAC  Group,  until  the  Class
                              Certificate Balance of the Class A-13 Certificates
                              and the  Component  Balance  of the Class A-14 TAC
                    Component have been reduced to zero; and

                                    (e)   sequentially,   to  the   Class   A-11
                              Certificates,  the Class A-12 Certificates and the
                              Class A-14 PAC  Component,  in that  order,  until
                              their Class  Certificate  Balances  and  Component
                       Balance, respectively, are reduced to zero.

            All  distributions  of  principal  to the  TAC  Group  will  be made
sequentially to the Class A-13 Certificates and the Class A-14 TAC Component, in
that order,  until the Class Certificate  Balance of the Class A-13 Certificates
and the Component  Balance of the Class A-14 TAC  Component,  respectively,  are
reduced to zero.                                                                

            On each  Distribution  Date on or after the  Senior  Credit  Support
Depletion Date, notwithstanding the allocation and priority set forth above, the
portion of the Pool Distribution Amount available to be distributed as principal
of the Class A Certificates  (other than the Class A-PO  Certificates)  shall be
distributed concurrently,  as principal, on such Classes, pro rata, on the basis
of their  respective Class  Certificate  Balances,  until the Class  Certificate
Balances thereof are reduced to zero.                                           

            (c) On each Distribution Date, Accrued Certificate Interest for each
Class of  Certificates  (other  than the Class A-14  Certificates)  and  Accrued
Component  Interest  for each  Component  for such  Distribution  Date  shall be
reduced by such  Class's or  Component's  pro rata share,  based on such Class's
Interest Distribution Amount or such Component's Component Interest Distribution
Amount for such  Distribution  Date,  without taking into account the allocation
made by this Section 5.02(c), of (A) Non-Supported Interest Shortfalls,  (B) any
Excess Losses allocable to interest,  (C) on and after the Senior Credit Support
Depletion  Date,  any other  Realized  Loss  allocable  to interest and (D) each
Relief Act Reduction  incurred  during the calendar month preceding the month of
such Distribution Date.                                                         

            (d) Notwithstanding the priority and allocation contained in Section
5.02(a)(iv),  if with respect to any Class of  Subordinate  Certificates  on any
Distribution  Date,  (i)  the  aggregate  of  the  Class  Certificate   Balances
immediately  prior  to such  Distribution  Date of all  Classes  of  Subordinate
Certificates  which have a higher  numerical Class  designation than such Class,
divided by (ii) the aggregate Class Certificate  Balance of all the Certificates
(other than the Class A-PO Certificates)  immediately prior to such Distribution
Date (the "FRACTIONAL  INTEREST") is less than the Original  Fractional Interest
for such Class,  no distribution of principal will be made to any Classes junior
to such Class (the "RESTRICTED  CLASSES") and the Class Certificate  Balances of
the Restricted  Classes will not be used in  determining  the Pro Rata Share for
the  Subordinate  Certificates  that  are  not  Restricted  Classes.  Any  funds
remaining will be distributed in the order provided in Section 5.02(a)(iv).     

Section 5.03   ALLOCATION OF LOSSES.                    

            (a) On or prior to each  Determination  Date,  each  Servicer  shall
inform the Trustee in writing with  respect to each  Mortgage  Loan  serviced by
such Servicer:  (1) whether any Realized Loss is a Deficient  Valuation,  a Debt
Service  Reduction,  a Fraud Loss or a Special Hazard Loss, (2) of the amount of
such loss or Deficient Valuation, or of the terms of such Debt Service Reduction
and (3) of the total amount of Realized Losses.  Based on such information,  the
Trustee shall determine the total amount of Realized  Losses,  including  Excess
Losses, with respect to the related Distribution Date.                          

            The  principal  portion  of  Realized  Losses  with  respect  to any
Distribution Date shall be allocated as follows:                                

               (i) the applicable PO Percentage of the principal  portion of any
      Realized  Loss with respect to a Discount  Mortgage  Loan,  including  any
      Excess Loss, shall be allocated to the Class A-PO  Certificates  until the
Class Certificate Balance thereof is reduced to zero; and           

               (ii)  (1)  the  applicable  Non-PO  Percentage  of the  principal
      portion  of any  Realized  Loss  (other  than an  Excess  Loss)  shall  be
      allocated first to the Subordinate  Certificates in reverse order of their
      respective  numerical  Class  designations  (beginning  with the  Class of
      Subordinate Certificates then outstanding with the highest numerical Class
      designation)  until the respective Class Certificate  Balance of each such
      Class is reduced to zero,  and  second to the Senior  Certificates  (other
      than the  Class  A-14 and Class  A-PO  Certificates),  the Class  A-14 PAC
      Component  and the Class  A-14 TAC  Component,  pro rata,  on the basis of
      their  respective  Class  Certificate   Balances  or  Component   Balances
      immediately prior to the related  Distribution Date or, in the case of the
      Class A-10  Certificates  and the Class A-14 TAC  Component,  the  Initial
      Class  Certificate  Balance or the Initial  Component  Balance,  if lower,
      until the Class Certificate  Balances and Component  Balances thereof have
been reduced to zero; and                                           

                      (2) the  applicable  Non-PO  Percentage  of the  principal
      portion of any Excess Losses shall be allocated to the Senior Certificates
      (other  than the Class  A-14 and A-PO  Certificates),  the Class  A-14 PAC
      Component,  the Class A-14 TAC Component and the Subordinate  Certificates
      then  outstanding,  pro  rata,  on the  basis  of their  respective  Class
      Certificate  Balances  or  Component  Balances  immediately  prior  to the
      related  Distribution  Date or, in the case of the Class A-10 Certificates
      and Class A-14 TAC  Component,  the Initial Class  Certificate  Balance or
Initial Component Balance, if lower.                                

            (b) The  Class  Certificate  Balance  of the  Class  of  Subordinate
Certificates then outstanding with the highest numerical Class designation shall
be  reduced  on each  Distribution  Date by the  amount,  if any,  by which  the
aggregate  of the Class  Certificate  Balances  of all  outstanding  Classes  of
Certificates  (after  giving  effect  to  the  amount  to  be  distributed  as a
distribution  of principal and the allocation of Realized  Losses and Class A-PO
Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for
such Distribution Date.                                                         

            After  the  Senior  Credit   Support   Depletion   Date,  the  Class
Certificate Balances of the Senior Certificates in the aggregate (other than the
Class Certificate  Balance of the Class A-PO  Certificates)  shall be reduced on
each  Distribution  Date by the amount,  if any, by which the  aggregate  of the
Class  Certificate  Balances of all outstanding  Classes of Senior  Certificates
(other than Class A-PO  Certificates)  (after  giving effect to the amount to be
distributed as a distribution of principal and the allocation of Realized Losses
on such Distribution  Date) exceeds the difference between (i) the Adjusted Pool
Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion)
for such Distribution Date.                                                     

            Any such reduction shall be allocated among the Senior  Certificates
(other  than the Class  A-14 and Class  A-PO  Certificates),  the Class A-14 PAC
Component  and the  Class  A-14 TAC  Component  based on the  Class  Certificate
Balances or Component  Balances  immediately prior to such Distribution Date or,
in the case of the Class A-10  Certificates  and Class A-14 TAC  Component,  the
Initial Class Certificate Balance or Initial Component Balance, if lower.       

            After  the  Senior  Credit   Support   Depletion   Date,  the  Class
Certificate  Balance  of the Class  A-PO  Certificates  shall be reduced on each
Distribution Date by the amount, if any, by which the Class Certificate  Balance
of the  Class  A-PO  Certificates  (after  giving  effect  to the  amount  to be
distributed as a distribution of principal and the allocation of Realized Losses
on such  Distribution  Date)  exceeds the Adjusted  Pool Amount (PO Portion) for
such Distribution Date.                                                         

            (c) Any Realized Loss  allocated to a Class of  Certificates  or any
reduction in the Class Certificate  Balance of a Class of Certificates  pursuant
to Section 5.03(b) above shall be allocated among the Certificates of such Class
in proportion to their respective Percentage Interests.                         

            (d) Any allocation of Realized  Losses to a Class of Certificates or
any reduction in the Class  Certificate  Balance of a Class  pursuant to Section
5.03(b) above shall be  accomplished by reducing the Class  Certificate  Balance
thereof  prior to the  distributions  made on the related  Distribution  Date in
accordance with the definition of "Class Certificate Balance."                  

            (e) With respect to any Distribution Date, Realized Losses allocated
pursuant  to  this  Section  5.03  will  be  allocated  to  each  Uncertificated
Lower-Tier Interest in an amount equal to the amount allocated to its respective
Corresponding  Upper-Tier  Class,  Classes,  Component or Components as provided
above.                                                                          

            (f)  After  the  Senior  Credit  Support   Depletion  Date,  on  any
Distribution  Date on which the Class A-9 Loss Allocation Amount is greater than
zero,  the Class  Certificate  Balance  of the Class  A-9  Certificates  will be
reduced by the Class A-9 Loss  Allocation  Amount and,  notwithstanding  Section
5.03(a)(ii)(1) and Section 5.03(b), the Component Balances of the Class A-14 PAC
Component  and  the  Class  A-14  TAC  Component  will  not be  reduced  by such
Component's  pro rata share,  based on the Class A-14 PAC Component  Loss Amount
and the Class A-14 TAC Component Loss Amount,  of the Class A-9 Loss  Allocation
Amount.                                                                         

Section 5.04    STATEMENTS TO CERTIFICATEHOLDERS.       

            (a) Prior to the  Distribution  Date in each  month,  based upon the
information provided to the Trustee on the Servicer's  Certificates delivered to
the Trustee  pursuant to Section 4.01, the Trustee shall determine the following
information with respect to such Distribution Date:                             

               (i) the amount allocable to principal, separately identifying the
      aggregate  amount of any Principal  Prepayments and  Liquidation  Proceeds
included therein;                                                   

               (ii) the amount allocable to interest,  the Accrual  Distribution
      Amount  with  respect  to  the  Class  A-10   Certificates,   the  Accrual
      Distribution  Amount  with  respect to the Class A-14 TAC  Component,  any
      Class Unpaid  Interest  Shortfall  included in such  distribution  and any
      remaining  Class Unpaid  Interest  Shortfall  after giving  effect to such
distribution;                                                       

               (iii)  if the  distribution  to the  Holders  of  such  Class  of
      Certificates is less than the full amount that would be  distributable  to
      such Holders if there were sufficient funds available therefor, the amount
      of the  shortfall  and the  allocation  thereof as between  principal  and
interest;                                                           

               (iv) the Class Certificate  Balance of each Class of Certificates
      after giving effect to the distribution of principal on such  Distribution
Date;                                                               

               (v)  the Pool  Stated  Principal  Balance   for   the   following
Distribution Date;                                                  

               (vi)  the  Senior  Percentage,   the  Class  A-3  Percentage  and
Subordinate Percentage for the following Distribution Date;         

               (vii) the amount of the Servicing Fees paid to or retained by the
Servicers with respect to such Distribution Date;                   

               (viii) the Pass-Through  Rate for each such Class of Certificates
with respect to such Distribution Date;                             

               (ix) the amount of Periodic Advances included in the distribution
      on such  Distribution  Date and the aggregate amount of Periodic  Advances
outstanding as of the close of business on such Distribution Date;  

               (x)  the number and aggregate principal amounts of Mortgage Loans
      (A) delinquent  (exclusive of Mortgage Loans in  foreclosure)  (1) 1 to 30
      days (2) 31 to 60 days  (3) 61 to 90 days and (4) 91 or more  days and (B)
      in  foreclosure,  as of the  close  of  business  on the  last  day of the
calendar month preceding such Distribution Date;                    

               (xi)  with  respect  to any  Mortgage  Loan  that  became  an REO
      Property during the preceding  calendar month,  the loan number and Stated
      Principal Balance of such Mortgage Loan as of the close of business on the
      Determination  Date  preceding  such  Distribution  Date  and the  date of
acquisition thereof;                                                

               (xii)  the  total  number  and  principal   balance  of  any  REO
      Properties (and market value, if available) as of the close of business on
the Determination Date preceding such Distribution Date;            

               (xiii)  the Senior Prepayment   Percentage  and  the  Subordinate
Prepayment Percentage for the following Distribution Date;          

               (xiv) the aggregate amount of Realized Losses incurred during the
      preceding  calendar  month and any Class A-PO  Deferred  Amounts  for such
Distribution Date; and                                              

               (xv) the Special  Hazard Loss  Amount,  the Fraud Loss Amount and
      the Bankruptcy Loss Amount,  in each case as of the related  Determination
Date.                                                               

            (b) No later than each  Distribution  Date, the Trustee,  based upon
information  supplied to it on the  Servicer's  Certificates,  shall prepare and
deliver (by mail, fax or electronically)  to each Holder of a Certificate,  each
Rating Agency and each Servicer a statement  setting forth the  information  set
forth in Section 5.04(a).                                                       

            In the case of information  furnished  pursuant to clauses (i), (ii)
and (ix) of Section  5.04(a),  the amounts shall be expressed as a dollar amount
per Certificate with a $1,000 denomination or notional amount.                  

            On each Distribution  Date, the Trustee shall prepare and furnish to
each  Financial  Market  Service,  in  electronic or such other format and media
mutually  agreed  upon by the  Trustee,  the  Financial  Market  Service and the
Depositor,  the  information  contained  in the  statement  described in Section
5.04(a) for such Distribution Date.                                             

            The Trustee may make available each month, to any interested  party,
the monthly statement to Certificateholders via the Trustee's website.          

            Within a  reasonable  period of time after the end of each  calendar
year,  the  Trustee  shall  furnish to each  Person  who at any time  during the
calendar year was the Holder of a  Certificate,  if requested in writing by such
Person,  a statement  containing the  information set forth in clauses (i), (ii)
and (vii) of Section 5.04(a),  in each case aggregated for such calendar year or
applicable  portion  thereof  during which such Person was a  Certificateholder.
Such  obligation  of the Trustee  shall be deemed to have been  satisfied to the
extent  that  substantially  comparable  information  shall be  provided  by the
Trustee pursuant to any requirements of the Code as from time to time in force. 

            The Trustee shall deliver to the Holders of Certificates any reports
or information  the Trustee is required by this Agreement or the Code,  Treasury
Regulations or REMIC Provisions to deliver to the Holders of  Certificates,  and
the  Trustee  shall  prepare  and  provide to the  Certificateholders  (by mail,
telephone,   or  publication   as  may  be  permitted  by  applicable   Treasury
Regulations) such other reasonable information as the Trustee deems necessary or
appropriate  or is required  by the Code,  Treasury  Regulations,  and the REMIC
Provisions including,  but not limited to, (i) information to be reported to the
Holders of the Residual  Certificates for quarterly  notices on Schedule Q (Form
1066)  (which  information  shall be  forwarded  to the Holders of the  Residual
Certificates by the Trustee),  (ii) information to be provided to the Holders of
Certificates  with  respect to amounts  which should be included as interest and
original issue  discount in such Holders' gross income and (iii)  information to
be provided to all Holders of Certificates  setting forth the percentage of each
REMIC's  assets,  determined in accordance  with  Treasury  Regulations  using a
convention, not inconsistent with Treasury Regulations,  selected by the Trustee
in its absolute discretion, that constitute real estate assets under Section 856
of the  Code,  and  assets  described  in  Section  7701(a)(19)(C)  of the Code;
provided,  however,  that in setting forth the percentage of such assets of each
REMIC, nothing contained in this Agreement, including without limitation Section
7.03  hereof,  shall be  interpreted  to require  the  Trustee  periodically  to
appraise  the fair  market  values  of the  assets  of the  Trust  Estate  or to
indemnify the Trust Estate or any  Certificateholders  from any adverse federal,
state or local tax consequences  associated with a change subsequently  required
to be made in the  Depositor's  initial good faith  determinations  of such fair
market values (if subsequent  determinations  are required pursuant to the REMIC
Provisions) made from time to time.                                             

    Section 5.05  TAX RETURNS AND REPORTS TO CERTIFICATEHOLDERS.

            (a) For federal income tax purposes,  the  Upper-Tier  REMIC and the
Lower-Tier REMIC shall each have a calendar year taxable year and shall maintain
their books on the accrual method of accounting.                                

            (b) The Trustee shall prepare or cause to be prepared, shall execute
and  shall  file or cause to be filed  with the  Internal  Revenue  Service  and
applicable  state or local tax authorities  income tax  information  returns for
each taxable year with respect to each REMIC  containing such information at the
times and in the manner as may be required by the Code, the Treasury Regulations
or state or local tax laws, regulations, or rules, and shall furnish or cause to
be furnished to each REMIC and the Certificateholders the schedules,  statements
or  information  at such times and in such  manner as may be  required  thereby.
Within 30 days of the Closing  Date,  the Trustee  shall  furnish or cause to be
furnished to the Internal Revenue Service, on Form 8811 or as otherwise required
by the Code or the Treasury Regulations,  the name, title, address and telephone
number of the  person  that  Holders of the  Certificates  may  contact  for tax
information relating thereto,  together with such additional  information at the
time  or  times  and  in  the  manner  required  by the  Code  or  the  Treasury
Regulations.  Such federal,  state,  or local income tax or information  returns
shall be signed by the Trustee,  or such other Person as may be required to sign
such returns by the Code,  the Treasury  Regulations or state or local tax laws,
regulations, or rules.                                                          

            (c) In the first  federal  income  tax  return of each REMIC for its
short taxable year ending  December 31, 1999,  REMIC status shall be elected for
such taxable year and all succeeding taxable years.                             

            (d) The Trustee will maintain or cause to be maintained such records
relating to each  REMIC,  including  but not limited to records  relating to the
income,  expenses,  assets and liabilities of the Trust Estate,  and the initial
fair market  value and adjusted  basis of the Trust  Estate  property and assets
determined  at such  intervals  as may be required  by the Code or the  Treasury
Regulations,  as may be necessary to prepare the foregoing  returns,  schedules,
statements or information.                                                      

            Section 5.06  TAX MATTERS  PERSON. The Tax Matters Person shall have
the same duties with respect to each REMIC as those of a "tax  matters  partner"
under  Subchapter  C of Chapter 63 of Subtitle F of the Code.  The Holder of the
Class A-R  Certificate  is hereby  designated as the Tax Matters  Person for the
Upper-Tier  REMIC. The Holder of the Class A-LR Certificate is hereby designated
as the Tax Matters Person for the Lower-Tier  REMIC. By their  acceptance of the
Class A-R or Class A-LR Certificate, as applicable, each such Holder irrevocably
appoints  the  Trustee  as its  agent to  perform  all of the  duties of the Tax
Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC.               

            Section  5.07  RIGHTS OF THE TAX  MATTERS  PERSON IN  RESPECT OF THE
TRUSTEE. The Trustee shall afford the Tax Matters Person, upon reasonable notice
during normal business hours, access to all records maintained by the Trustee in
respect  of  its  duties  hereunder  and  access  to  officers  of  the  Trustee
responsible for performing such duties. Upon request,  the Trustee shall furnish
the Tax  Matters  Person  with its most  recent  report of  condition  published
pursuant to law or to the requirements of its supervisory or examining authority
publicly  available.  The Trustee shall make available to the Tax Matters Person
such books, documents or records relating to the Trustee's services hereunder as
the Tax Matters Person shall  reasonably  request.  The Tax Matters Person shall
not have any responsibility or liability for any action or failure to act by the
Trustee and is not obligated to supervise the  performance  of the Trustee under
this Agreement or otherwise.                                                    

            Section 5.08 REMIC RELATED COVENANTS. For as long as the Trust shall
exist,  the Trustee,  the Depositor  and each  Servicer  shall act in accordance
herewith  to  assure  continuing  treatment  of the  Upper-Tier  REMIC  and  the
Lower-Tier  REMIC as REMICs and avoid the imposition of tax on either REMIC.  In
particular:                                                                     

            (a) The Trustee  shall not create,  or permit the  creation  of, any
"interests" in either REMIC within the meaning of Code Section  860D(a)(2) other
than  the  interests  represented  by the  Regular  Certificates,  the  Residual
Certificates and the Uncertificated Lower-Tier Interests.                       

            (b) Except as otherwise  provided in the Code, (i) the Depositor and
the Servicers shall not contribute to the Trust Estate and the Trustee shall not
accept  property  unless  substantially  all of the property  held in each REMIC
constitutes either "qualified  mortgages" or "permitted  investments" as defined
in Code Sections 860G(a)(3) and (5), respectively, and (ii) no property shall be
contributed  to either  REMIC after the  start-up  day unless such  contribution
would not subject the Trust Estate to the 100% tax on  contributions  to a REMIC
after the start-up day of the REMIC imposed by Code Section 860G(d).            

            (c) The Trustee  shall not accept on behalf of either  REMIC any fee
or other  compensation  for services  and neither the Trustee nor the  Servicers
shall  knowingly  accept,  on behalf of the Trust  Estate any income from assets
other than those permitted to be held by a REMIC.                               

            (d) The  Trustee  shall  not sell or  permit  the sale of all or any
portion of the Mortgage Loans (other than in accordance with Sections 2.02, 2.05
or  3.14(b)),  unless  such sale is  pursuant to a  "qualified  liquidation"  as
defined in Code Section 860F(a)(4)(A) and in accordance with Article X.         

            (e) The Trustee shall  maintain books with respect to the Trust on a
calendar year taxable year and on an accrual basis.                             

            None of the  Servicers or the Trustee  shall engage in a "prohibited
transaction"  (as defined in Code Section  860F(a)(2)),  except  that,  with the
prior written consent of each Servicer and the Depositor, the Trustee may engage
in the activities  otherwise prohibited by the foregoing paragraphs (b), (c) and
(d);  provided that each Servicer (or the two Servicers,  acting together) shall
have  delivered  to the  Trustee an  Opinion of Counsel to the effect  that such
transaction  will not result in the imposition of a tax on either the Upper-Tier
REMIC or the  Lower-Tier  REMIC  and  will  not  disqualify  either  REMIC  from
treatment as a REMIC;  and,  provided  further,  that the  Servicers  shall have
demonstrated  to the  satisfaction  of the  Trustee  that such  action  will not
adversely  affect the rights of the Holders of the  Certificates and the Trustee
and that such action will not adversely impact the rating of the Certificates.  

ARTICLE VI

THE CERTIFICATES

            Section 6.01 THE  CERTIFICATES.  The Classes of Senior  Certificates
and the Subordinate  Certificates  shall be substantially in the forms set forth
in Exhibits A-1, A-2, A-3, A-4, A-5, A-6, A-7, A-8, A-9, A-10, A-11, A-12, A-13,
A-14,  A-PO,  A-R,  A-LR,  B-1,  B-2,  B-3,  B-4, B-5, B-6 and C (reverse of all
Certificates) and shall, on original issue, be executed by the Trustee and shall
be  countersigned  and  delivered  by the  Trustee  to or upon the  order of the
Depositor  upon  receipt by the Trustee of the  documents  specified  in Section
2.01. The Senior  Certificates  (other than the Class A-PO,  Class A-R and Class
A-LR  Certificates)  shall be available  to investors in interests  representing
minimum dollar Certificate Balances (or notional amounts) of $1,000 and integral
multiples of $1 in excess thereof.  The Subordinate  Certificates  and the Class
A-PO  Certificates  shall be available  to  investors in interests  representing
minimum dollar Certificate  Balances of $25,000 and integral dollar multiples of
$1 in excess thereof  (except one Certificate of such Class may be issued with a
different  Certificate Balance or notional amount). The Class A-R and Class A-LR
Certificates  shall  each be in a  minimum  denomination  of  $100.  The  Senior
Certificates  (other  than the Class A-R and Class  A-LR  Certificates)  and the
Class B-1,  Class B-2 and Class B-3  Certificates  shall  initially be issued in
book-entry  form through the  Depository  and all other Classes of  Certificates
shall initially be issued in definitive, fully-registered form.                 

            The Certificates shall be executed by manual or facsimile  signature
on behalf of the Trustee by an  authorized  officer or  signatory.  Certificates
bearing the manual or facsimile  signatures of individuals who were, at the time
when such signatures  were affixed,  authorized to sign on behalf of the Trustee
shall bind the Trustee,  notwithstanding  that such  individuals  or any of them
have ceased to be so  authorized  prior to the  execution  and  delivery of such
Certificates  or did not hold  such  offices  or  positions  at the date of such
Certificate.  No  Certificate  shall  be  entitled  to any  benefit  under  this
Agreement,  or be valid for any purpose, unless such Certificate shall have been
manually  countersigned  by the Trustee  substantially  in the form provided for
herein,  and such  countersignature  upon any  Certificate  shall be  conclusive
evidence,   and  the  only  evidence,   that  such  Certificate  has  been  duly
authenticated and delivered hereunder.  All Certificates shall be dated the date
of their countersignature.                                                      

Section 6.02   REGISTRATION OF TRANSFER AND EXCHANGE OF 
CERTIFICATES.             

            (a) The Trustee shall cause to be kept at an office or agency in the
city in which the Corporate Trust Office of the Trustee is located a Certificate
Register in which,  subject to such reasonable  regulations as it may prescribe,
the Trustee shall provide for the  registration of Certificates and of transfers
and exchanges of  Certificates as herein  provided.  The Trustee shall initially
serve as Certificate  Registrar for the purpose of registering  Certificates and
transfers and exchanges of Certificates as herein provided.                     

            (b) At the  option of the  Certificateholders,  Certificates  may be
exchanged for other  Certificates of authorized  denominations  of a like Class,
tenor and aggregate Percentage  Interest,  upon surrender of the Certificates to
be exchanged  at any such office or agency.  Whenever  any  Certificates  are so
surrendered  for  exchange,  the Trustee  shall  execute  and the Trustee  shall
authenticate,    countersign   and   deliver   the   Certificates    which   the
Certificateholder  making the exchange is entitled to receive. Every Certificate
presented or  surrendered  for transfer or exchange shall (if so required by the
Trustee or the Certificate  Registrar) be duly endorsed by, or be accompanied by
a written  instrument  of transfer in form  satisfactory  to the Trustee and the
Certificate  Registrar duly executed by, the Holder thereof or its attorney duly
authorized in writing.                                                          

            (c)  (i)  Except  as  provided  in  paragraph  (c)(iii)  below,  the
      Book-Entry  Certificates  shall at all times remain registered in the name
      of the Depository or its nominee and at all times: (A) registration of the
      Certificates  may not be  transferred  by the  Trustee  except to  another
      Depository;  (B) the  Depository  shall maintain  book-entry  records with
      respect to the  Certificate  Owners  and with  respect  to  ownership  and
      transfers of such Book-Entry Certificates;  (C) ownership and transfers of
      registration of the Book-Entry Certificates on the books of the Depository
      shall be governed by applicable rules  established by the Depository;  (D)
      the  Depository  may collect  its usual and  customary  fees,  charges and
      expenses from its Depository Participants; (E) the Trustee shall deal with
      the  Depository as the  representative  of the  Certificate  Owners of the
      Book-Entry  Certificates  for purposes of exercising the rights of Holders
      under this  Agreement,  and requests and  directions  for and votes of the
      Depository  shall not be deemed to be  inconsistent  if they are made with
      respect to different  Certificate Owners; and (F) the Trustee may rely and
      shall be fully  protected  in relying  upon  information  furnished by the
      Depository  with respect to its Depository  Participants  and furnished by
      the Depository  Participants with respect to indirect  participating firms
      and persons  shown on the books of such  indirect  participating  firms as
direct or indirect Certificate Owners.                              

            (ii) All transfers by Certificate Owners of Book-Entry  Certificates
      shall  be  made in  accordance  with  the  procedures  established  by the
      Depository  Participant or brokerage firm  representing  such  Certificate
      Owner.  Each  Depository   Participant  shall  only  transfer   Book-Entry
      Certificates of Certificate Owners it represents or of brokerage firms for
      which  it acts  as  agent  in  accordance  with  the  Depository's  normal
procedures.                                                         

            (iii) If (A) (1) the Depository or the Depositor advises the Trustee
      in writing that the  Depository  is no longer  willing or able to properly
      discharge its  responsibilities as Depository,  and (2) the Trustee or the
      Depositor is unable to locate a qualified successor,  (B) the Depositor at
      its option  advises the Trustee in writing that it elects to terminate the
      book-entry system through the Depository or (C) after the occurrence of an
      Event of  Default,  Certificate  Owners  representing  at least 51% of the
      aggregate  Class  Certificate  Balances  of  the  Book-Entry  Certificates
      together  advise the Trustee  and the  Depository  through the  Depository
      Participants  in writing  that the  continuation  of a  book-entry  system
      through  the  Depository  is no  longer  in  the  best  interests  of  the
      Certificate  Owners,  the Trustee  shall  notify all  Certificate  Owners,
      through the  Depository,  of the  occurrence  of any such event and of the
      availability of definitive, fully-registered Certificates (the "DEFINITIVE
      CERTIFICATES")  to Certificate  Owners requesting the same. Upon surrender
      to the Trustee of the related  Class of  Certificates  by the  Depository,
      accompanied by the instructions from the Depository for registration,  the
      Trustee shall issue the  Definitive  Certificates.  None of the Servicers,
      the  Depositor or the Trustee shall be liable for any delay in delivery of
      such instruction and may  conclusively  rely on, and shall be protected in
      relying on, such  instructions.  The  Depositor  shall provide the Trustee
      with an adequate  inventory of certificates to facilitate the issuance and
      transfer of  Definitive  Certificates.  Upon the  issuance  of  Definitive
      Certificates,  the Trustee shall  recognize the Holders of the  Definitive
Certificates as Certificateholders hereunder.                       

            (d) No transfer of a Private  Certificate  shall be made unless such
transfer is exempt from the  registration  requirements  of the 1933 Act and any
applicable  state securities laws or is made in accordance with the 1933 Act and
such laws. In the event of any such  transfer,  (i) unless such transfer is made
in reliance on Rule 144A under the 1933 Act,  the Trustee or the  Depositor  may
require a written Opinion of Counsel (which may be in-house counsel)  acceptable
to and in form and  substance  reasonably  satisfactory  to the  Trustee and the
Depositor  that such transfer may be made  pursuant to an exemption,  describing
the applicable exemption and the basis therefor, from the 1933 Act and such laws
or is being  made  pursuant  to the 1933 Act and such  laws,  which  Opinion  of
Counsel  shall not be an expense of the  Trustee or the  Depositor  and (ii) the
Trustee  shall  require a  certificate  from the  Certificateholder  desiring to
effect such transfer  substantially  in the form attached  hereto as EXHIBIT G-1
and  a  certificate  from  such   Certificateholder's   prospective   transferee
substantially  in the form attached  hereto either as EXHIBIT G-2A or as EXHIBIT
G-2B,  which  certificates  shall  not  be an  expense  of  the  Trustee  or the
Depositor;  provided that the foregoing  requirements under clauses (i) and (ii)
shall not apply to a  transfer  of a Private  Certificate  between  or among the
Depositor,  either Seller, their affiliates or both. The Depositor shall provide
to  any  Holder  of  a  Private  Certificate  and  any  prospective  transferees
designated by any such Holder,  information  regarding the related  Certificates
and the  Mortgage  Loans and such other  information  as shall be  necessary  to
satisfy the condition to eligibility  set forth in Rule  144A(d)(4) for transfer
of any such certificate without registration thereof under the 1933 Act pursuant
to the  registration  exemption  provided by Rule 144A.  The Holder of a Private
Certificate  desiring to effect such transfer  shall,  and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.                                                                     

            (e) No transfer  of an ERISA  Restricted  Certificate  shall be made
unless the transferee delivers to the Trustee either (i) a representation letter
in the  form  of  EXHIBIT  H from  the  transferee  of such  Certificate,  which
representation  letter shall not be an expense of the Depositor,  the Trustee or
either  Servicer,  or  (ii)  in the  case of any  ERISA  Restricted  Certificate
presented  for  registration  in  the  name  of  an  employee  benefit  plan  or
arrangement,  including an individual retirement account,  subject to ERISA, the
Code,  or any federal,  state or local law  ("SIMILAR  LAW") which is similar to
ERISA or the Code (collectively,  a "PLAN"), or a trustee or custodian of any of
the foregoing,  an Opinion of Counsel in form and substance  satisfactory to the
Trustee and each  Servicer  to the effect  that the  purchase or holding of such
ERISA Restricted Certificate by or on behalf of such Plan will not result in the
assets of the Trust Estate  being deemed to be "plan  assets" and subject to the
prohibited transaction provisions of ERISA, the Code or Similar Law and will not
subject the Trustee,  the  Depositor  or either  Servicer to any  obligation  in
addition to those  undertaken in this Agreement,  which Opinion of Counsel shall
not be an expense of the Trustee or either Servicer.  Any transferee of an ERISA
Restricted  Certificate  that does not comply with either  clause (i) or (ii) of
the preceding  sentence  will be deemed to have made one of the  representations
set forth in EXHIBIT H.  Notwithstanding  anything else to the contrary  herein,
any purported  transfer of an ERISA Restricted  Certificate to or on behalf of a
Plan  without the  delivery  to the  Trustee and each  Servicer of an Opinion of
Counsel  satisfactory  to the Trustee and each Servicer as described above shall
be void and of no effect.                                                       

            Neither  the Trustee nor the  Certificate  Registrar  shall have any
liability for transfers of Book-Entry  Certificates  made through the book-entry
facilities of the Depository or between or among any Depository  Participants or
Certificate  Owners, made in violation of applicable  restrictions.  The Trustee
may rely and shall be fully protected in relying upon  information  furnished by
the Depository with respect to its Depository  Participants and furnished by the
Depository Participants with respect to indirect participating firms and Persons
shown on the books of such  indirect  participating  firms as direct or indirect
Certificate Owners.                                                             

            To the extent  permitted under  applicable law  (including,  but not
limited to,  ERISA),  the Trustee  shall be under no liability to any Person for
any registration of transfer of any ERISA Restricted Certificate that is in fact
not  permitted  by this  Section  6.02 or for  making any  payments  due on such
Certificate  to the Holder  thereof or taking any other  action with  respect to
such Holder under the  provisions of this  Agreement so long as the transfer was
registered by the Trustee in accordance with the foregoing requirements.        

            (f) Each Person who has or who acquires any Ownership  Interest in a
Residual  Certificate  shall be deemed by the  acceptance or acquisition of such
Ownership Interest to have agreed to be bound by the following  provisions,  and
the  rights of each  Person  acquiring  any  Ownership  Interest  in a  Residual
Certificate are expressly subject to the following provisions:                  

               (i) Each Person holding or acquiring any Ownership  Interest in a
      Residual  Certificate  shall be a Permitted  Transferee and shall promptly
      notify the  Trustee of any change or  impending  change in its status as a
Permitted Transferee.                                               

               (ii) No Person shall acquire an Ownership  Interest in a Residual
      Certificate  unless  such  Ownership  Interest  is a  pro  rata  undivided
interest.                                                           

               (iii) In connection  with any proposed  transfer of any Ownership
      Interest in a Residual Certificate,  the Trustee shall require delivery to
      it, in form and substance  satisfactory to it, of an affidavit in the form
of EXHIBIT I hereto from the proposed transferee.                   

               (iv)  Notwithstanding  the delivery of an affidavit by a proposed
      transferee  under  clause  (iii) above,  if a  Responsible  Officer of the
      Trustee  has  actual  knowledge  that  the  proposed  transferee  is not a
      Permitted Transferee,  no Transfer of any Ownership Interest in a Residual
Certificate to such proposed transferee shall be effected.          

               (v)  No Ownership Interest  in  a  Residual  Certificate  may  be
      purchased  by or  transferred  to any  Person  that is not a U.S.  Person,
      unless (A) such Person holds such Residual  Certificate in connection with
      the conduct of a trade or business  within the United States and furnishes
      the transferor and the Trustee with an effective  Internal Revenue Service
      Form 4224 or (B) the  transferee  delivers to both the  transferor and the
      Trustee an Opinion of Counsel from a nationally-recognized  tax counsel to
      the effect that such transfer is in accordance  with the  requirements  of
      the Code and the regulations promulgated thereunder and that such transfer
      of a Residual  Certificate  will not be disregarded for federal income tax
purposes.                                                           

               (vi)  Any  attempted  or  purported  transfer  of  any  Ownership
      Interest in a Residual  Certificate in violation of the provisions of this
      Section 6.02 shall be absolutely null and void and shall vest no rights in
      the purported transferee.  If any purported transferee shall, in violation
      of the  provisions  of this  Section  6.02,  become a Holder of a Residual
      Certificate,  then the prior Holder of such Residual Certificate that is a
      Permitted  Transferee  shall,  upon  discovery  that the  registration  of
      transfer of such Residual  Certificate  was not in fact  permitted by this
      Section 6.02, be restored to all rights as Holder  thereof  retroactive to
      the date of  registration  of transfer of such Residual  Certificate.  The
      Trustee shall be under no liability to any Person for any  registration of
      transfer of a Residual  Certificate  that is in fact not permitted by this
      Section  6.02  or  for  making  any  distributions  due on  such  Residual
      Certificate  to the Holder thereof or taking any other action with respect
      to such  Holder  under  the  provisions  of the  Agreement  so long as the
      transfer was registered in accordance  with this Section 6.02. The Trustee
      shall be  entitled  to recover  from any Holder of a Residual  Certificate
      that was in fact not a Permitted Transferee at the time such distributions
      were made all distributions  made on such Residual  Certificate.  Any such
      distributions  so  recovered  by the  Trustee  shall  be  distributed  and
      delivered by the Trustee to the prior Holder of such Residual  Certificate
that is a Permitted Transferee.                                     

               (vii) If any Person  other than a Permitted  Transferee  acquires
      any  Ownership  Interest in a Residual  Certificate  in  violation  of the
      restrictions in this Section 6.02, then the Trustee,  based on information
      provided to the Trustee by either  Servicer,  will provide to the Internal
      Revenue Service,  and to the Persons  specified in Section  860E(e)(3) and
      (6) of the Code,  information  needed to  compute  the tax  imposed  under
      Section  860E(e)  of the  Code  on  transfers  of  residual  interests  to
      disqualified organizations.  The expenses of the Trustee under this clause
(vii) shall be reimbursable by the Trust.                           

(g)    [Reserved]                                       

            (h) No service  charge shall be imposed for any transfer or exchange
of  Certificates  of any Class,  but the Trustee  may  require  payment of a sum
sufficient  to cover  any tax or  governmental  charge  that may be  imposed  in
connection with any transfer or exchange of Certificates.                       

            (i) All Certificates  surrendered for transfer and exchange shall be
destroyed by the Certificate Registrar.                                         

            Section 6.03  MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.  If
(a) any mutilated Certificate is surrendered to the Certificate Registrar or the
Certificate  Registrar receives evidence to its satisfaction of the destruction,
loss or theft of any Certificate, and (b) there is delivered to the Trustee, the
Depositor and the  Certificate  Registrar such security or indemnity  reasonably
satisfactory  to each,  to save each of them  harmless,  then, in the absence of
actual notice to the Trustee or the Certificate  Registrar that such Certificate
has been acquired by a bona fide  purchaser,  the Trustee shall  countersign and
deliver,  in exchange for or in lieu of any such mutilated,  destroyed,  lost or
stolen  Certificate,  a new  Certificate  of like  tenor,  Class and  Percentage
Interest  but  bearing  a number  not  contemporaneously  outstanding.  Upon the
issuance of any new Certificate under this Section,  the Trustee may require the
payment of a sum sufficient to cover any tax or other  governmental  charge that
may be imposed in relation  thereto and any other  expenses  (including the fees
and expenses of the Trustee and the Certificate  Registrar) connected therewith.
Any  duplicate  Certificate  issued  pursuant to this Section  shall  constitute
complete and  indefeasible  evidence of ownership in the Trust, as if originally
issued,  whether or not the lost, stolen or destroyed Certificate shall be found
at any time.                                                                    

            Section 6.04  PERSONS DEEMED OWNERS.  Prior to due presentation of a
Certificate for  registration  of transfer,  the Depositor,  the Servicers,  the
Trustee,  the  Certificate  Registrar  and  any  agent  of  the  Depositor,  the
Servicers,  the  Trustee or the  Certificate  Registrar  may treat the Person in
whose name any  Certificate is registered as the owner of such  Certificate  for
the purpose of  receiving  distributions  pursuant  to Section  5.01 and for all
other  purposes  whatsoever,  and  none of the  Depositor,  the  Servicers,  the
Trustee, the Certificate Registrar or any agent of the Servicers, the Trustee or
the Certificate Registrar shall be affected by notice to the contrary.          

 ARTICLE VII

 THE DEPOSITOR AND THE SERVICERS

            Section  7.01  RESPECTIVE  LIABILITIES  OF  THE  DEPOSITOR  AND  THE
SERVICERS.  The Depositor  and the Servicers  shall each be liable in accordance
herewith only to the extent of the  obligations  specifically  and  respectively
imposed upon and undertaken by the Depositor and the Servicers herein. By way of
illustration  and not limitation,  the Depositor is not liable for the servicing
and administration of the Mortgage Loans, nor is it obligated by Section 8.01 to
assume any  obligations  of either  Servicer  or to appoint a designee to assume
such  obligations,  nor is it liable for any other obligation  hereunder that it
may, but is not obligated to, assume unless it elects to assume such  obligation
in accordance herewith.                                                         

            Section 7.02 MERGER OR CONSOLIDATION OF THE DEPOSITOR OR A SERVICER.
The Depositor  and each  Servicer  will each keep in full effect its  existence,
rights  and  franchises  as a  separate  entity  under  the laws  governing  its
organization, and will each obtain and preserve its qualification to do business
as a foreign  corporation in each jurisdiction in which such qualification is or
shall be necessary to protect the validity and enforceability of this Agreement,
the  Certificates  or any of the  Mortgage  Loans and to perform its  respective
duties under this Agreement.                                                    

            Any Person into which the Depositor or either Servicer may be merged
or consolidated,  or any corporation  resulting from any merger or consolidation
to which  the  Depositor  or either  Servicer  shall be a party,  or any  Person
succeeding  to the business of the  Depositor or either  Servicer,  shall be the
successor of the  Depositor  or such  Servicer,  as the case may be,  hereunder,
without the  execution  or filing of any paper or any further act on the part of
any of the parties  hereto,  anything  herein to the  contrary  notwithstanding;
provided, however, that the successor or surviving Person to a Servicer shall be
qualified to service mortgage loans on behalf of FNMA or FHLMC.                 

            Section 7.03 LIMITATION ON LIABILITY OF THE DEPOSITOR, THE SERVICERS
AND  OTHERS.  None of the  Depositor,  the  Servicers  or any of the  directors,
officers,  employees or agents of the Depositor or of either  Servicer  shall be
under any liability to the Trust Estate or the Certificateholders for any action
taken or for refraining  from the taking of any action in good faith pursuant to
this  Agreement,  or for  errors  in  judgment;  provided,  however,  that  this
provision  shall not protect the  Depositor,  the  Servicers  or any such Person
against any breach of warranties or representations made herein or any liability
which would otherwise be imposed by reason of willful misfeasance,  bad faith or
gross negligence in the performance of duties or by reason of reckless disregard
of  obligations  and duties  hereunder.  The  Depositor,  the  Servicers and any
director,  officer,  employee or agent of the  Depositor or either  Servicer may
rely in good faith on any document of any kind prima facie properly executed and
submitted by any Person respecting any matters arising hereunder. The Depositor,
the Servicers and any director,  officer,  employee or agent of the Depositor or
either  Servicer  shall be  indemnified  by the Trust  Estate and held  harmless
against any loss,  liability or expense  incurred in  connection  with any legal
action  relating to this  Agreement  or the  Certificates,  other than any loss,
liability or expense  related to any specific  Mortgage  Loan or Mortgage  Loans
(except as any such loss,  liability or expense shall be otherwise  reimbursable
pursuant  to this  Agreement)  and any loss,  liability  or expense  incurred by
reason of willful misfeasance,  bad faith or gross negligence in the performance
of duties hereunder or by reason of reckless disregard of obligations and duties
hereunder.  None of the Depositor or either of the Servicers  shall be under any
obligation  to appear  in,  prosecute  or defend any legal  action  which is not
incidental  to its  respective  duties  under  this  Agreement  and which in its
opinion may involve it in any expense or liability;  provided, however, that the
Depositor or either  Servicer may in its  discretion  undertake  any such action
which it may deem  necessary or desirable in respect to this  Agreement  and the
rights  and  duties  of  the   parties   hereto   and  the   interests   of  the
Certificateholders  hereunder.  In such event,  the legal  expenses and costs of
such action and any liability resulting  therefrom shall be expenses,  costs and
liabilities  of the Trust Estate,  and the Depositor and such Servicer  shall be
entitled to be reimbursed  therefor out of amounts  attributable to the Mortgage
Loans on deposit in the  related  Servicer  Custodial  Account  as  provided  by
Section 3.11.                                                                   

            Section 7.04  DEPOSITOR AND SERVICERS NOT TO RESIGN.  Subject to the
provisions of Section 7.02,  none of the Depositor or the Servicers shall resign
from its  respective  obligations  and duties  hereby  imposed on it except upon
determination  that  its  duties  hereunder  are  no  longer  permissible  under
applicable  law.  Any  such  determination  permitting  the  resignation  of the
Depositor or either Servicer shall be evidenced by an Opinion of Counsel to such
effect delivered to the Trustee.  No such resignation by a Servicer shall become
effective  until the Trustee or a successor  servicer  shall have  assumed  such
Servicer's  responsibilities  and  obligations  in accordance  with Section 8.05
hereof.                                                                         

ARTICLE VIII

 DEFAULT

            Section 8.01  EVENTS OF DEFAULT. If any one of the following  events
("EVENTS OF DEFAULT") shall occur and be continuing:                            

            (a) any failure by either Servicer to deposit amounts in the related
Servicer  Custodial  Account in the amount and manner  provided  herein so as to
enable the Trustee to distribute to Holders of Certificates any payment required
to be made under the terms of such  Certificates  and this Agreement (other than
the payments required to be made under Section 3.20) which continues  unremedied
for a period of five days; or                                                   

            (b)  failure  on the part of  either  Servicer  duly to  observe  or
perform in any  material  respect  any other  covenants  or  agreements  of such
Servicer set forth in the Certificates or in this Agreement, which covenants and
agreements  continue  unremedied for a period of 30 days after the date on which
written  notice of such failure,  requiring the same to be remedied,  shall have
been  given  to  such  Servicer  by  the  Trustee  or the  Depositor,  or to the
Servicers,  the  Depositor  and  the  Trustee  by the  Holders  of  Certificates
evidencing  Voting  Rights  aggregating  not less  than 25% of all  Certificates
affected thereby; or                                                            

            (c) the  entry  of a  decree  or  order  by a  court  or  agency  or
supervisory authority having jurisdiction in the premises for the appointment of
a conservator,  receiver or liquidator in any insolvency,  readjustment of debt,
marshalling  of assets and  liabilities  or similar  proceedings  against either
Servicer, or for the winding up or liquidation of either Servicer's affairs, and
the  continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days; or                                                      

            (d)  the  consent  by  either  Servicer  to  the  appointment  of  a
conservator or receiver or liquidator in any  insolvency,  readjustment of debt,
marshalling of assets and  liabilities or similar  proceedings of or relating to
such Servicer or of or relating to substantially all of its property;  or either
Servicer shall admit in writing its inability to pay its debts generally as they
become due, file a petition to take  advantage of any  applicable  insolvency or
reorganization  statute, make an assignment for the benefit of its creditors, or
voluntarily suspend payment of its obligations; or                              

            (e) the  failure of either  Servicer to remit any  Periodic  Advance
required to be remitted by such Servicer  pursuant to Section 3.20 which failure
continues unremedied at 3:00 p.m. on the related Distribution Date;             

then,  and in each and every such case, so long as an Event of Default shall not
have been remedied by the related Servicer,  either the Trustee or the Depositor
may,  and at the  direction  of the Holders of  Certificates  evidencing  Voting
Rights aggregating not less than 51% of all Certificates affected thereby shall,
by notice then given in writing to the related Servicer (and to the Trustee,  if
given  by the  Depositor,  and to  the  Depositor,  if  given  by the  Trustee),
terminate  all of the  rights  and  obligations  of  such  Servicer  under  this
Agreement.  If an Event of Default  described  in clause (e) hereof shall occur,
the Trustee  shall,  by notice to the  related  Servicer,  terminate  all of the
rights and  obligations  of such Servicer under this Agreement and in and to the
Mortgage  Loans and  proceeds  thereof and the  Trustee or a successor  Servicer
appointed  pursuant to Section 8.05 shall make the Advance  which such  Servicer
failed to make.  On or after the receipt by a Servicer of such  written  notice,
all  authority  and power of such Servicer  under this  Agreement,  whether with
respect to the  Certificates  or the Mortgage Loans or otherwise,  shall pass to
and be vested in the Trustee pursuant to and under this Section 8.01, unless and
until such time as the Trustee  shall appoint a successor  Servicer  pursuant to
Section 8.05,  and,  without  limitation,  the Trustee is hereby  authorized and
empowered   to  execute   and   deliver,   on  behalf  of  each   Servicer,   as
attorney-in-fact or otherwise, any and all documents and other instruments,  and
to do or accomplish all other acts or things  necessary or appropriate to effect
the purposes of such notice of termination, whether to complete the transfer and
endorsement  of  the  Mortgage  Loans  and  related  documents,   or  otherwise,
including,  without  limitation,  the  recordation  of  the  assignments  of the
Mortgage  Loans to it. Each  Servicer  agrees to  cooperate  with the Trustee in
effecting the  termination of the  responsibilities  and rights of such Servicer
hereunder,  including,  without limitation,  the transfer to the Trustee for the
administration  by it of all cash  amounts  that  have  been  deposited  by such
Servicer in the related  Servicer  Custodial  Account or thereafter  received by
such  Servicer  with respect to the Mortgage  Loans.  Upon  obtaining  notice or
knowledge of the occurrence of any Event of Default,  the Person  obtaining such
notice  or   knowledge   shall   give   prompt   written   notice   thereof   to
Certificateholders  at their respective  addresses  appearing in the Certificate
Register and to each Rating Agency. All costs and expenses (including attorneys'
fees)  incurred  in  connection  with  transferring  the  Mortgage  Files to the
successor  Servicer and amending  this  Agreement to reflect such  succession as
Servicer  pursuant  to this  Section  8.01  shall  be  paid  by the  predecessor
Servicer.  Notwithstanding  the termination of a Servicer pursuant hereto,  such
Servicer  shall remain liable for any causes of action  arising out of any Event
of Default occurring prior to such termination.                                 

            Section  8.02  REMEDIES OF TRUSTEE.  During the  continuance  of any
Event of Default, so long as such Event of Default shall not have been remedied,
the Trustee, in addition to the rights specified in Section 8.01, shall have the
right,  in its own name as trustee of an express trust,  to take all actions now
or hereafter  existing at law, in equity or by statute to enforce its rights and
remedies and to protect the interests,  and enforce the rights and remedies,  of
the  Certificateholders  (including  the  institution  and  prosecution  of  all
judicial, administrative and other proceedings and the filing of proofs of claim
and debt in connection  therewith).  Except as otherwise  expressly  provided in
this  Agreement,  no remedy provided for by this Agreement shall be exclusive of
any other remedy,  and each and every remedy shall be cumulative and in addition
to any other  remedy and no delay or omission  to  exercise  any right or remedy
shall  impair  any such right or remedy or shall be deemed to be a waiver of any
Event of Default.                                                               

            Section 8.03 DIRECTIONS BY CERTIFICATEHOLDERS  AND DUTIES OF TRUSTEE
DURING EVENT OF DEFAULT. During the continuance of any Event of Default, Holders
of Certificates  evidencing Voting Rights  aggregating not less than 25% of each
Class of Certificates  affected thereby may direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power  conferred upon the Trustee under this  Agreement;  provided,
however,  that the  Trustee  shall be under no  obligation  to  pursue  any such
remedy,  or to  exercise  any of the  trusts  or  powers  vested  in it by  this
Agreement (including, without limitation, (a) the conducting or defending of any
administrative action or litigation hereunder or in relation hereto, and (b) the
terminating  of either  Servicer or any  successor  Servicer from its rights and
duties as servicer  hereunder) at the request,  order or direction of any of the
Certificateholders,  unless such  Certificateholders  shall have  offered to the
Trustee  reasonable  security  or  indemnity  against  the costs,  expenses  and
liabilities  which may be incurred  therein or thereby  and,  provided  further,
that,  subject to the  provisions  of Section  9.01,  the Trustee shall have the
right to decline  to follow any such  direction  if the  Trustee,  based upon an
Opinion of Counsel, determines that the action or proceeding so directed may not
lawfully be taken or if the Trustee in good faith  determines that the action or
proceeding  so directed  would  involve it in personal  liability or be unjustly
prejudicial to the non-assenting Certificateholders.                            

            Section 8.04   ACTION UPON CERTAIN  FAILURES OF A SERVICER  AND UPON
EVENT OF DEFAULT.  In the event that the Trustee shall have actual  knowledge of
any failure of either  Servicer  specified in Section 8.01(a) or (b) which would
become an Event of Default upon such Servicer's failure to remedy the same after
notice,  the Trustee shall give notice thereof to such Servicer.  If the Trustee
shall have  knowledge  of an Event of  Default,  the  Trustee  shall give prompt
written notice thereof to the Certificateholders.                               

Section 8.05   TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR.

            (a)  On  and  after  the  time  a  Servicer  receives  a  notice  of
termination  pursuant to Section 8.01, the Trustee shall be the successor in all
respects to such Servicer in its capacity as servicer  under this  Agreement and
the  transactions  set forth or provided  for herein and shall be subject to all
the  responsibilities,  duties and liabilities  relating  thereto placed on such
Servicer  by the  terms and  provisions  hereof  or shall  appoint  a  successor
pursuant  to  Section  3.07.  Notwithstanding  anything  provided  herein to the
contrary,  under no  circumstances  shall any  provision  of this  Agreement  be
construed  to require the  Trustee,  acting in its  capacity as  successor  to a
Servicer in its obligation to make Advances, to advance,  expend or risk its own
funds or  otherwise  incur any  financial  liability in the  performance  of its
duties  hereunder if it shall have  reasonable  grounds for believing  that such
funds are non-recoverable. Subject to Section 8.05(b), as compensation therefor,
the Trustee shall be entitled to such  compensation  as the terminated  Servicer
would have been entitled to hereunder if no such notice of termination  had been
given.  Notwithstanding  the above, the Trustee may, if it shall be unwilling so
to act,  or shall,  if it is legally  unable so to act,  appoint,  or petition a
court of competent  jurisdiction to appoint,  any  established  housing and home
finance  institution  having a net  worth of not less  than  $10,000,000  as the
successor to the terminated  Servicer  hereunder in the assumption of all or any
part of the responsibilities,  duties or liabilities of such Servicer hereunder;
provided,  however,  that any such institution  appointed as successor  Servicer
shall not, as evidenced in writing by each Rating Agency,  adversely  affect the
then  current  rating  of any  Class of  Certificates  immediately  prior to the
termination of the terminated Servicer.  The appointment of a successor Servicer
shall not affect any liability of the predecessor Servicer which may have arisen
under  this  Agreement  prior to its  termination  as  Servicer,  nor  shall any
successor  Servicer  be  liable  for any acts or  omissions  of the  predecessor
Servicer  or for any breach by such  Servicer of any of its  representations  or
warranties  contained  herein or in any related  document or agreement.  Pending
appointment  of a successor to the  terminated  Servicer  hereunder,  unless the
Trustee is  prohibited  by law from so  acting,  the  Trustee  shall act in such
capacity as provided  above.  The  Trustee  and such  successor  shall take such
action,  consistent with this Agreement, as shall be necessary to effectuate any
such succession.                                                                

            (b) In connection  with the  appointment of a successor  Servicer or
the assumption of the duties of a Servicer, as specified in Section 8.05(a), the
Trustee may make such arrangements for the compensation of such successor out of
payments on Mortgage Loans serviced by the  predecessor  Servicer as it and such
successor shall agree; provided, however, that any Person assuming the duties of
a Servicer as successor to NationsBanc  Mortgage Corporation or Bank of America,
FSB shall pay to such  predecessor  an amount  equal to the market  value of the
portion of the Servicing Fee that will accrue in the future due to the Servicing
Fee Rate  exceeding  0.25% per annum with  respect  to any  Mortgage  Loan.  The
"market  value" of such  portion of the  Servicing  Fee shall be  determined  by
NationsBanc Mortgage Corporation or Bank of America, FSB, as applicable,  on the
basis of at least two  quotations  from third  parties  actively  engaged in the
servicing of  single-family  mortgage loans. If the successor  Servicer does not
agree that such market value is a fair price,  such  successor  shall obtain two
quotations of market value from third parties  actively engaged in the servicing
of  single-family  mortgage loans. The market value of the excess portion of the
Servicing  Fee will  then be  equal  to the  average  of (i) the  lowest  figure
obtained  by  NationsBanc  Mortgage  Corporation  or Bank of  America,  FSB,  as
applicable,  and (ii) the highest  figure  obtained by the  successor  Servicer.
Payment of the amount  calculated  above shall be made to  NationsBanc  Mortgage
Corporation or Bank of America, FSB, as applicable, by the successor Servicer no
later than the last Business Day of the month in which such  successor  Servicer
becomes entitled to receive the Servicing Fee under this Agreement.  In no event
will any portion of the Trust  Estate be used to pay amounts due to  NationsBanc
Mortgage Corporation or Bank of America, FSB, as applicable,  under this Section
8.05(b).                                                                        

            (c) Any successor,  including the Trustee, to a Servicer as servicer
shall during the term of its service as servicer  maintain in force (i) a policy
or policies of insurance covering errors and omissions in the performance of its
obligations  as servicer  hereunder  and (ii) a fidelity  bond in respect of its
officers,  employees  and  agents  to the same  extent  as each  Servicer  is so
required pursuant to Section 3.03.                                              

            Section   8.06   NOTIFICATION   TO   CERTIFICATEHOLDERS.   Upon  any
termination or appointment of a successor to a Servicer pursuant to this Article
VIII, the Trustee shall give prompt written notice thereof to Certificateholders
at their respective  addresses appearing in the Certificate Register and to each
Rating Agency.                                                                  

ARTICLE IX

 THE TRUSTEE

Section 9.01    DUTIES OF TRUSTEE.                      

            (a) The Trustee,  prior to the occurrence of an Event of Default and
after the  curing or waiver of all Events of  Default  which may have  occurred,
undertakes to perform such duties and only such duties as are  specifically  set
forth in this  Agreement.  In case an Event of Default  has  occurred of which a
Responsible  Officer of the Trustee shall have actual  knowledge  (which has not
been cured or waived),  the Trustee shall exercise such of the rights and powers
vested  in it by this  Agreement,  and use the same  degree of care and skill in
their exercise as a reasonably  prudent investor would exercise or use under the
circumstances in the conduct of such investor's own affairs.                    

            The  Trustee,   upon  receipt  of  all  resolutions,   certificates,
statements,  opinions, reports, documents, orders or other instruments furnished
to the Trustee which are specifically  required to be furnished  pursuant to any
provision  of this  Agreement,  shall  examine  them to  determine  whether they
conform to the requirements of this Agreement.                                  

            (b) No provision of this Agreement shall be construed to relieve the
Trustee from  liability for its own grossly  negligent  action,  its own grossly
negligent  failure to act or its own  willful  misfeasance;  provided,  however,
that:                                                                           

               (i) Prior to the occurrence of an Event of Default, and after the
      curing or waiver of all such  Events of Default  which may have  occurred,
      the duties and  obligations  of the Trustee shall be determined  solely by
      the express provisions of this Agreement,  the Trustee shall not be liable
      except  for  the  performance  of  such  duties  and  obligations  as  are
      specifically  set  forth  in  this  Agreement,  no  implied  covenants  or
      obligations  shall be read into this Agreement against the Trustee and, in
      the  absence  of bad faith on the part of the  Trustee,  the  Trustee  may
      conclusively  rely, as to the truth of the statements and the  correctness
      of the  opinions  expressed  therein,  upon any  certificates  or opinions
      furnished to the Trustee by the  Depositor or the  Servicers  and which on
their face, do not contradict the requirements of this Agreement;   

               (ii)  The  Trustee  (in its  individual  capacity)  shall  not be
      personally  liable  for an  error  of  judgment  made in good  faith  by a
      Responsible  Officer or  Responsible  Officers of the  Trustee,  unless it
      shall be proved that the Trustee was grossly negligent in ascertaining the
pertinent facts;                                                    

               (iii)  The  Trustee  (in its  individual  capacity)  shall not be
      personally liable with respect to any action taken, suffered or omitted to
      be  taken  by it in  good  faith  in  accordance  with  the  direction  of
Certificateholders as provided in Section 8.03;                     

               (iv) The  Trustee  shall not be  charged  with  knowledge  of any
      default  (other  than a default in payment to the  Trustee)  specified  in
      clauses (a) and (b) of Section 8.01 or an Event of Default  under  clauses
      (c),  (d) and (e) of  Section  8.01  unless a  Responsible  Officer of the
      Trustee  assigned to and working in the  Corporate  Trust  Office  obtains
      actual  knowledge  of such  failure or event or any officer of the Trustee
      receives  written  notice of such failure or event at its Corporate  Trust
Office from a Servicer, the Depositor or any Certificateholder; and 

               (v)Except to the extent provided in Section 8.05, no provision in
      this  Agreement  shall require the Trustee to expend or risk its own funds
      (including,  without  limitation,  the making of any Advance as  successor
      Servicer)  or  otherwise  incur any  personal  financial  liability in the
      performance of any of its duties as Trustee hereunder,  or in the exercise
      of any of its  rights or powers,  if the  Trustee  shall  have  reasonable
      grounds  for  believing  that  repayment  of funds or  adequate  indemnity
against such risk or liability is not reasonably assured to it.     

Section 9.02   CERTAIN MATTERS AFFECTING THE TRUSTEE.   

Except as otherwise provided in Section 9.01:           

               (i)  The Trustee may request and rely upon and shall be protected
      in  acting  or  refraining  from  acting  upon any  resolution,  Officer's
      Certificate,  certificate of auditors or any other certificate, statement,
      instrument,  opinion, report, notice, request,  consent, order, appraisal,
      bond or other paper or  document  believed by it to be genuine and to have
been signed or presented by the proper party or parties;            

               (ii) The  Trustee  may  consult  with  counsel and any Opinion of
      Counsel shall be full and complete authorization and protection in respect
      of any action  taken or suffered or omitted by it  hereunder in good faith
and in accordance with such Opinion of Counsel;                     

               (iii) The Trustee shall be under no obligation to exercise any of
      the  trusts or  powers  vested in it by this  Agreement  or to  institute,
      conduct or defend any  litigation  hereunder or in relation  hereto at the
      request, order or direction of any of the Certificateholders,  pursuant to
      the provisions of this  Agreement,  unless such  Certificateholders  shall
      have offered to the Trustee  reasonable  security or indemnity against the
      costs,  expenses and liabilities which may be incurred therein or thereby;
      nothing  contained  herein  shall,  however,  relieve  the  Trustee of the
      obligation, upon the occurrence of an Event of Default (which has not been
      cured or waived),  to exercise  such of the rights and powers vested in it
      by this  Agreement,  and to use the same degree of care and skill in their
      exercise  as  a  prudent   investor   would  exercise  or  use  under  the
circumstances in the conduct of such investor's own affairs;        

               (iv) The Trustee  shall not be  personally  liable for any action
      taken,  suffered  or omitted by it in good faith and  believed by it to be
      authorized or within the discretion or rights or powers  conferred upon it
by this Agreement;                                                  

               (v)  Prior to the occurrence of an Event of Default hereunder and
      after the  curing or  waiving  of all  Events  of  Default  which may have
      occurred,  the Trustee shall not be bound to make any  investigation  into
      the facts or matters  stated in any  resolution,  certificate,  statement,
      instrument,  opinion,  report, notice, request,  consent, order, approval,
      bond or other paper or document,  unless  requested in writing so to do by
      Holders  or  Certificate  or  any  Class  evidencing,  as to  such  Class,
      Percentage  Interests,  aggregating not less than 50%; provided,  however,
      that if the payment within a reasonable  time to the Trustee of the costs,
      expenses or liabilities  likely to be incurred by it in the making of such
      investigation is, in the opinion of the Trustee, not reasonably assured to
      the Trustee by the security afforded to it by the terms of this Agreement,
      the Trustee may  require  reasonable  indemnity  against  such  expense or
      liability  or payment of such  estimated  expenses  as a  condition  to so
proceeding; and                                                     

               (vi)  The  Trustee  may  execute  any of  the  trusts  or  powers
      hereunder or perform any duties hereunder either directly or by or through
agents or attorneys.                                                

            Section 9.03  TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS.
The recitals contained herein and in the Certificates  (other than the execution
of,  and the  counter-signature  on the  Certificates)  shall  be  taken  as the
statements of the Depositor or Servicers, as applicable, and the Trustee assumes
no responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the  Certificates  or any
Mortgage Loans save that the Trustee represents that, assuming due execution and
delivery by the other parties hereto,  this Agreement has been duly  authorized,
executed  and  delivered  by it and  constitutes  its legal,  valid and  binding
obligation,  enforceable against it in accordance with its terms, subject, as to
enforcement of remedies, to applicable insolvency, receivership,  moratorium and
other  laws  affecting  the  rights  of  creditors  generally,  and  to  general
principles  of equity and the  discretion  of the court  (regardless  of whether
enforcement of such remedies is considered in a proceeding in equity or at law).
The Trustee shall not be accountable for the use or application by the Depositor
of  funds  paid to the  Depositor  in  consideration  of the  assignment  of the
Mortgage Loans hereunder by the Depositor,  or for the use or application of any
funds paid to  Subservicers or the Servicers in respect of the Mortgage Loans or
deposited into the Servicer Custodial  Accounts,  or any other account hereunder
(other than the Certificate Account) by a Servicer.                             

            The Trustee  shall at no time have any  responsibility  or liability
for or with respect to the legality, validity and enforceability of any Mortgage
or any  Mortgage  Loan,  or the  perfection  and priority of any Mortgage or the
maintenance  of any such  perfection  and priority or for or with respect to the
sufficiency  of  the  Trust  or its  ability  to  generate  the  payments  to be
distributed  to  Certificateholders  under this  Agreement,  including,  without
limitation:  the existence,  condition and ownership of any Mortgaged  Property;
the existence and  enforceability of any hazard insurance thereon (other than if
the Trustee  shall assume the duties of a Servicer  pursuant to Section 8.05 and
thereupon  only  for the  acts or  omissions  of the  successor  Servicer);  the
validity  of the  assignment  of any  Mortgage  Loan  to the  Trustee  or of any
intervening  assignment;  the completeness of any Mortgage Loan; the performance
or  enforcement of any Mortgage Loan (other than if the Trustee shall assume the
duties of a Servicer pursuant to Section 8.05 and thereupon only for the acts or
omissions of the Trustee as successor Servicer); the compliance by the Depositor
or the Servicers with any warranty or  representation  made under this Agreement
or  in  any  related   document  or  the  accuracy  of  any  such   warranty  or
representation; any investment of monies by or at the direction of a Servicer or
any loss resulting therefrom,  it being understood that the Trustee shall remain
responsible for any Trust property that it may hold in its individual  capacity;
the acts or omissions of any of the Depositor,  the Servicers (other than if the
Trustee  shall  assume  the duties of a Servicer  pursuant  to Section  8.05 and
thereupon only for the acts or omissions of the Trustee as successor  Servicer),
any  Subservicer or any Mortgagor;  any action of a Servicer  (other than if the
Trustee  shall  assume  the duties of a Servicer  pursuant  to Section  8.05 and
thereupon  only for the acts or omissions of the Trustee as successor  Servicer)
or any Subservicer  taken in the name of the Trustee;  the failure of a Servicer
or any  Subservicer to act or perform any duties  required of it as agent of the
Trustee  hereunder;  or any action by the Trustee taken at the  instruction of a
Servicer  (other  than if the  Trustee  shall  assume  the  duties of a Servicer
pursuant to Section  8.05 and  thereupon  only for the acts or  omissions of the
Trustee as successor Servicer);  provided, however, that the foregoing shall not
relieve  the  Trustee  of its  obligation  to  perform  its  duties  under  this
Agreement,  including,  without limitation, the Trustee's review of the Mortgage
Files  pursuant  to  Section  2.02.  The  Trustee  shall file any  financing  or
continuation statement in any public office at any time required to maintain the
perfection of any security interest or lien granted to it hereunder.            

            Section  9.04  TRUSTEE  MAY OWN  CERTIFICATES.  The  Trustee  in its
individual or any other capacity may become the owner or pledgee of Certificates
with the same rights it would have if it were not Trustee and may otherwise deal
with the Servicers,  any Subservicer or any of their respective  affiliates with
the same right it would have if it were not the Trustee.                        

            Section  9.05  ELIGIBILITY  REQUIREMENTS  FOR  TRUSTEE.  The Trustee
hereunder  shall at all times be (a) an  institution  the  deposits of which are
fully insured by the FDIC and (b) a corporation or banking association organized
and doing  business  under the laws of the  United  States of  America or of any
State,  authorized under such laws to exercise corporate trust powers,  having a
combined  capital  and  surplus  of not less than  $50,000,000  and  subject  to
supervision or examination by Federal or State authority and (c) with respect to
every  successor  trustee  hereunder  either an  institution  (i) the  long-term
unsecured  debt  obligations  of which  are rated at least "A" by S&P and "A" by
Fitch or (ii)  whose  serving  as  Trustee  hereunder  would  not  result in the
lowering of the ratings  originally  assigned to any Class of Certificates.  The
Trustee shall not be an affiliate of the Depositor or either  Servicer.  If such
corporation  or banking  association  publishes  reports of  condition  at least
annually, pursuant to law or to the requirements of the aforesaid supervising or
examining  authority,  then for the purposes of this Section 9.05,  the combined
capital and surplus of such corporation or banking  association  shall be deemed
to be its combined capital and surplus as set forth in its most recent report of
condition  so  published.  In case at any time  the  Trustee  shall  cease to be
eligible in  accordance  with the  provision of this Section  9.05,  the Trustee
shall resign  immediately in the manner and with the effect specified in Section
9.06.                                                                           

            Section 9.06 RESIGNATION AND REMOVAL OF TRUSTEE.  The Trustee may at
any time  resign  and be  discharged  from the trust  hereby  created  by giving
written notice thereof to the Servicers and mailing a copy of such notice to all
Holders  of  record.  The  Trustee  shall  also  mail a copy of such  notice  of
resignation  to each Rating Agency.  Upon receiving such notice of  resignation,
the  Servicers  shall use their  best  efforts  to  promptly  appoint a mutually
acceptable  successor Trustee by written instrument,  in duplicate,  one copy of
which instrument shall be delivered to the resigning Trustee and one copy to the
successor  Trustee.  If no successor  Trustee  shall have been so appointed  and
shall have accepted  appointment  within 30 days after the giving of such notice
of  resignation,  the  resigning  Trustee may  petition  any court of  competent
jurisdiction for the appointment of a successor Trustee.                        

            If at any time the Trustee  shall cease to be eligible in accordance
with the  provisions  of  Section  9.05 and shall fail to resign  after  written
request  therefor by the  Servicers,  or if at any time the Trustee shall become
incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver
of the Trustee or of its  property  shall be  appointed,  or any public  officer
shall take  charge or control of the  Trustee or of its  property or affairs for
the purpose of rehabilitation,  conservation or liquidation,  then the Servicers
may remove the Trustee and appoint a successor trustee by written instrument, in
duplicate,  one copy of which  instrument  shall be  delivered to the Trustee so
removed and one copy to the successor.                                          

            The  Holders  of  Certificates  evidencing  not less than 50% of the
Voting  Rights may at any time  remove the  Trustee  by  written  instrument  or
instruments  delivered to the  Servicers and the Trustee;  the  Servicers  shall
thereupon  use their best  efforts to  appoint a mutually  acceptable  successor
Trustee in accordance with this Section 9.06.                                   

            Any  resignation  or removal of the  Trustee  and  appointment  of a
successor  Trustee  pursuant to any of the provisions of this Section 9.06 shall
become  effective upon  acceptance of  appointment  by the successor  Trustee as
provided in Section 9.07.                                                       

            Section 9.07 SUCCESSOR  TRUSTEE.  Any successor Trustee appointed as
provided in Section 9.06 shall execute, acknowledge and deliver to the Servicers
and  to  its  predecessor  Trustee  an  instrument  accepting  such  appointment
hereunder,  and thereupon the resignation or removal of the predecessor  Trustee
shall become effective and such successor Trustee, without any further act, deed
or conveyance, shall become fully vested with all the rights, powers, duties and
obligations  of its  predecessor  hereunder,  with like effect as if  originally
named as Trustee herein.  The predecessor  Trustee shall duly assign,  transfer,
deliver and pay over to the  successor  Trustee the whole of the Mortgage  Files
and related  documents and  statements  held by it hereunder,  together with all
instruments of transfer and assignment or other documents  properly  executed as
may be  reasonably  required to effect such  transfer and such of the records or
copies  thereof  maintained  by the  predecessor  Trustee in the  administration
hereof  as may be  reasonably  requested  by the  successor  Trustee  and  shall
thereupon  be  discharged  from  all  duties  and  responsibilities  under  this
Agreement;   provided,  however,  that  if  the  predecessor  Trustee  has  been
terminated  pursuant to the third  paragraph  of Section  9.06,  all  reasonable
expenses of the predecessor Trustee incurred in complying with this Section 9.07
shall be reimbursed by the Trust.                                               

            No successor  Trustee shall accept  appointment  as provided in this
Section 9.07 unless at the time of such appointment such successor Trustee shall
be eligible under the provisions of Section 9.05.                               

            Upon acceptance of appointment by a successor Trustee as provided in
this  Section  9.07,  the  Servicers  shall  cooperate  to  mail  notice  of the
succession  of such Trustee  hereunder to all Holders of  Certificates  at their
addresses as shown in the Certificate Register and to each Rating Agency. If the
Servicers  fail  to mail  such  notice  within  ten  days  after  acceptance  of
appointment  by the successor  Trustee,  the successor  Trustee shall cause such
notice to be mailed at the expense of the Servicers.                            

            Section 9.08 MERGER OR CONSOLIDATION OF TRUSTEE.  Any corporation or
banking  association  into which the Trustee may be merged or  converted or with
which  it may  be  consolidated,  or  any  corporation  or  banking  association
resulting  from any merger,  conversion  or  consolidation  to which the Trustee
shall be a party, or any corporation or banking association succeeding to all or
substantially  all of the corporate trust business of the Trustee,  shall be the
successor of the Trustee hereunder,  if such corporation or banking  association
is eligible  under the  provisions  of Section  9.05,  without the  execution or
filing of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding.                                

            Section  9.09   APPOINTMENT  OF  CO-TRUSTEE  OR  SEPARATE   TRUSTEE.
Notwithstanding  any of the provisions  hereof,  at any time, for the purpose of
meeting  any legal  requirements  of any  jurisdiction  in which  any  Mortgaged
Property  may at the  time be  located  or for any  other  reason,  the  related
Servicer and the Trustee  acting  jointly shall have the power and shall execute
and  deliver all  instruments  to appoint  one or more  Persons  approved by the
Trustee  as  co-trustee  or  separate  trustee  of all or any part of the  Trust
Estate, and to vest in such Person or Persons,  in such capacity,  such title to
the Trust Estate,  or any part thereof,  and,  subject to the other provision of
this Section 9.09, such powers, duties,  obligations,  rights and trusts as such
Servicer and the Trustee may  consider  necessary  or  desirable.  If a Servicer
shall not have joined in such  appointment  within ten days after the receipt by
it of a request to do so, the  Trustee  alone  shall have the power to make such
appointment.  No co-trustee or separate  trustee  hereunder shall be required to
meet the terms of eligibility  as a successor  Trustee under Section 9.05 and no
notice to  Holders  of  Certificates  of the  appointment  of  co-trustee(s)  or
separate trustee(s) shall be required under Section 9.07.                       

            In the case of any  appointment of a co-trustee or separate  trustee
pursuant to this  Section  9.09,  all  rights,  powers,  duties and  obligations
conferred  or imposed  upon the Trustee  shall be  conferred or imposed upon and
exercised or performed by the Trustee and such  separate  trustee or  co-trustee
jointly,  except to the extent that under any law of any  jurisdiction  in which
any particular act or acts are to be performed  (whether as Trustee hereunder or
as successor  to a Servicer  hereunder),  the Trustee  shall be  incompetent  or
unqualified  to perform such act or acts,  in which event such  rights,  powers,
duties and  obligations  (including  the holding of title to the Trust Estate or
any portion thereof in any such  jurisdiction)  shall be exercised and performed
by such  separate  trustee or  co-trustee  at the  direction of the Trustee.  No
trustee  hereunder  shall be held  personally  liable  by  reason  of any act or
omission of any other trustee hereunder;  provided, however, that no appointment
of a co-trustee or separate  trustee  hereunder shall relieve the Trustee of its
obligations hereunder.                                                          

            Any notice,  request or other  writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as  effectively  as if given to each of them.  Every  instrument  appointing any
separate  trustee or co-trustee shall refer to this Agreement and the conditions
of this Article IX. Each separate trustee and co-trustee, upon its acceptance of
the trusts conferred,  shall be vested with the estates or property specified in
its instrument of appointment, either jointly with the Trustee or separately, as
may be  provided  therein,  subject  to all the  provisions  of this  Agreement,
specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording  protection to, the Trustee.  Every
such instrument shall be filed with the Trustee.                                

            Any separate trustee or co-trustee may, at any time,  constitute the
Trustee,  its agent or attorney-in-fact,  with full power and authority,  to the
extent not  prohibited  by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name.  If any separate  trustee or co-trustee
shall become incapable of acting,  resign or be removed,  or shall be adjudged a
bankrupt or insolvent,  or a receiver of its property shall be appointed, or any
public  officer shall take charge or control of such trustee or co-trustee or of
its  property  or affairs  for the purpose of  rehabilitation,  conservation  or
liquidation, all of its estates,  properties,  rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted by law, without
the appointment of a new or successor trustee.                                  

            Section 9.10  AUTHENTICATING  AGENTS. The Trustee may appoint one or
more authenticating agents  ("AUTHENTICATING  AGENTS") which shall be authorized
to  act  on  behalf  of  the  Trustee  in   authenticating   or   countersigning
Certificates. Initially, the Authenticating Agent shall be The Bank of New York.
Wherever   reference  is  made  in  this  Agreement  to  the  authentication  or
countersigning  of Certificates  by the Trustee or the Trustee's  certificate of
authentication  or  countersigning,  such  reference  shall be deemed to include
authentication  or  countersigning on behalf of the Trustee by an Authenticating
Agent and a certificate of authentication or countersignature executed on behalf
of the Trustee by an  Authenticating  Agent. Each  Authenticating  Agent must be
acceptable to the Servicers  and must be a  corporation  or banking  association
organized and doing  business  under the laws of the United States of America or
of any State,  having a principal  office and place of business in New York, New
York, having a combined capital and surplus of at least $15,000,000,  authorized
under such laws to do a trust business and subject to supervision or examination
by Federal or State authorities.                                                

            Any corporation or banking association into which any Authenticating
Agent may be merged or  converted or with which it may be  consolidated,  or any
corporation  or banking  association  resulting  from any merger,  conversion or
consolidation  to which  any  Authenticating  Agent  shall  be a  party,  or any
corporation or banking  association  succeeding to the corporate agency business
of any  Authenticating  Agent,  shall  continue to be the  Authenticating  Agent
without the  execution  or filing of any paper or any further act on the part of
the Trustee or the Authenticating Agent.                                        

            Any  Authenticating  Agent may at any time resign by giving  written
notice of resignation  to the Trustee and to the  Servicers.  The Trustee may at
any time  terminate  the agency of any  Authenticating  Agent by giving  written
notice of termination to such  Authenticating  Agent and to the Servicers.  Upon
receiving a notice of resignation or upon such a termination, or in case, at any
time any Authenticating  Agent shall cease to be eligible in accordance with the
provisions  of  this  Section   9.10,   the  Trustee  may  appoint  a  successor
Authenticating  Agent,  shall give  written  notice of such  appointment  to the
Servicers and shall mail notice of such  appointment to all  Certificateholders.
Any successor  Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights,  powers, duties and responsibilities of
its  predecessor  hereunder,   with  like  effect  as  if  originally  named  as
Authenticating Agent.                                                           

            Section  9.11   TRUSTEE'S  FEES  AND  EXPENSES.   The  Trustee,   as
compensation for its activities hereunder,  shall be entitled to receive on each
Distribution  Date an amount equal to the Trustee Fee for such Distribution Date
pursuant to Section 5.02(a). The Trustee and any director,  officer, employee or
agent of the Trustee shall be indemnified by the Trust and held harmless against
any loss,  liability  or  expense  (including  reasonable  attorney's  fees) (a)
incurred  in  connection  with any claim or legal  action  relating  to (i) this
Agreement,  (ii)  the  Certificates,  or  (iii)  the  performance  of any of the
Trustee's duties hereunder,  other than any loss,  liability or expense incurred
by  reason  of  willful  misfeasance,  bad  faith  or  gross  negligence  in the
performance of any of the Trustee's duties hereunder, (b) resulting from any tax
or  information  return which was prepared by, or should have been  prepared by,
the  related  Servicer  and  (c)  arising  out of the  transfer  of any  Private
Certificate  not in  compliance  with ERISA.  Such  indemnity  shall survive the
termination  of this  Agreement  or the  resignation  or removal of the  Trustee
hereunder.  Without  limiting the foregoing,  except as otherwise agreed upon in
writing by the  Depositor  and the  Trustee,  and  except for any such  expense,
disbursement  or advance as may arise from the Trustee's gross  negligence,  bad
faith or willful  misconduct,  the Trust  shall  reimburse  the  Trustee for all
reasonable expenses,  disbursements and advances incurred or made by the Trustee
in  accordance  with  any of the  provisions  of this  Agreement  to the  extent
permitted  by  Treasury  Regulations  Section   1.860G-1(b)(3)(ii)   and  (iii);
provided,  however,  that the Depositor  and the Trustee  intend to enter into a
separate agreement for  custody-related  services.  Except as otherwise provided
herein,  the Trustee shall not be entitled to payment or  reimbursement  for any
routine ongoing  expenses  incurred by the Trustee in the ordinary course of its
duties as Trustee,  Certificate  Registrar or Paying Agent  hereunder or for any
other expenses.                                                                 

Section 9.12   [RESERVED]                               

            Section  9.13  PAYING  AGENTS.  The  Trustee may appoint one or more
Paying  Agents  (each,  a "PAYING  AGENT")  which shall be  authorized to act on
behalf of the Trustee in making  withdrawals  from the  Certificate  Account and
distributions  to  Certificateholders  as provided  in Section  3.08 and Section
5.02.  Wherever  reference is made in this Agreement to the withdrawal  from the
Certificate  Account by the Trustee,  such reference  shall be deemed to include
such a withdrawal  on behalf of the Trustee by a Paying  Agent.  Initially,  the
Paying Agent shall be The Bank of New York.  Whenever  reference is made in this
Agreement to a  distribution  by the Trustee or the furnishing of a statement to
Certificateholders  by the Trustee,  such  reference  shall be deemed to include
such a  distribution  or  furnishing on behalf of the Trustee by a Paying Agent.
Each Paying Agent shall provide to the Trustee such  information  concerning the
Certificate  Account as the Trustee shall request from time to time. Each Paying
Agent must be  reasonably  acceptable to the Servicers and must be a corporation
or banking association organized and doing business under the laws of the United
States of America or of any state,  having (except in the case of the Trustee) a
principal office and place of business in New York, New York,  having a combined
capital and surplus of at least $15,000,000,  authorized under such laws to do a
trust  business and subject to  supervision  or  examination by federal or state
authorities.                                                                    

            Any  corporation  into  which  any  Paying  Agent  may be  merged or
converted or with which it may be  consolidated,  or any  corporation  resulting
from any merger,  conversion or consolidation to which any Paying Agent shall be
a party, or any corporation  succeeding to the corporate  agency business of any
Paying  Agent,  shall  continue  to be  the  Paying  Agent  provided  that  such
corporation after the consummation of such merger, conversion,  consolidation or
succession meets the eligibility requirements of this Section 9.13.             

            Any Paying Agent may at any time resign by giving  written notice of
resignation to the Trustee and to the Servicers;  provided that the Paying Agent
has  returned  to  the  Certificate  Account  or  otherwise  accounted,  to  the
reasonable  satisfaction  of the Trustee,  for all amounts it has withdrawn from
the  Certificate  Account.  The Trustee may, upon prior written  approval of the
Servicers,  at any time  terminate  the  agency  of any  Paying  Agent by giving
written notice of  termination  to such Paying Agent and to the Servicers.  Upon
receiving a notice of resignation or upon such a termination,  or in case at any
time  any  Paying  Agent  shall  cease to be  eligible  in  accordance  with the
provisions of the first paragraph of this Section 9.13, the Trustee may appoint,
upon prior written approval of the Servicers,  a successor  Paying Agent,  shall
give written  notice of such  appointment to the Servicers and shall mail notice
of such appointment to all  Certificateholders.  Any successor Paying Agent upon
acceptance  of its  appointment  hereunder  shall become vested with all rights,
powers,  duties and  responsibilities  of its predecessor  hereunder,  with like
effect as if originally  named as Paying Agent.  The Trustee shall remain liable
for any duties and obligations assumed by its appointed Paying Agent.           

            Section 9.14 LIMITATION OF LIABILITY.  The Certificates are executed
by the  Trustee,  not in its  individual  capacity  but solely as Trustee of the
Trust, in the exercise of the powers and authority conferred and vested in it by
this Agreement.  Each of the undertakings and agreements made on the part of the
Trustee in the  Certificates is made and intended not as a personal  undertaking
or  agreement by the Trustee but is made and intended for the purpose of binding
only the Trust.                                                                 

            Section  9.15  TRUSTEE  MAY ENFORCE  CLAIMS  WITHOUT  POSSESSION  OF
CERTIFICATES.  All  rights of action  and claims  under  this  Agreement  or the
Certificates  may  be  prosecuted  and  enforced  by  the  Trustee  without  the
possession  of  any  of  the  Certificates  or  the  production  thereof  in any
proceeding relating thereto,  and such preceding instituted by the Trustee shall
be  brought in its own name or in its  capacity  as  Trustee.  Any  recovery  of
judgment shall, after provision for the payment of the reasonable  compensation,
expenses,  disbursement and advances of the Trustee,  its agents and counsel, be
for the  ratable  benefit  of the  Certificateholders  in  respect of which such
judgment has been recovered.                                                    

            Section 9.16 SUITS FOR  ENFORCEMENT.  In case an Event of Default or
other  default by a  Servicer  or the  Depositor  hereunder  shall  occur and be
continuing,  the Trustee, in its discretion,  may proceed to protect and enforce
its rights and the rights of the Holders of Certificates under this Agreement by
a suit,  action or proceeding in equity or at law or otherwise,  whether for the
specific performance of any covenant or agreement contained in this Agreement or
in aid of the  execution  of any  power  granted  in this  Agreement  or for the
enforcement of any other legal, equitable or other remedy, as the Trustee, being
advised by counsel,  shall deem most effectual to protect and enforce any of the
rights of the Trustee and the Certificateholders.                               

            Section  9.17  WAIVER  OF BOND  REQUIREMENT.  The  Trustee  shall be
relieved of, and each  Certificateholder  hereby waives,  any requirement of any
jurisdiction  in which the Trust,  or any part thereof,  may be located that the
Trustee post a bond or other surety with any court, agency or body whatsoever.  

            Section  9.18  WAIVER  OF   INVENTORY,   ACCOUNTING   AND  APPRAISAL
REQUIREMENT. The Trustee shall be relieved of, and each Certificateholder hereby
waives,  any  requirement of any  jurisdiction  in which the Trust,  or any part
thereof,  may be located  that the Trustee  file any  inventory,  accounting  or
appraisal  of the  Trust  with any  court,  agency or body at any time or in any
manner whatsoever.                                                              

            Section 9.19 YEAR 2000 COMPLIANCE. The Trustee warrants that it will
use  commercially  reasonable  efforts to ensure that the computer  software and
hardware  systems  ("SYSTEMS") that are owned by the Trustee and used to provide
the services are 2000 Compliant or will be made 2000 Compliant  before  December
31, 1999. With respect to software that the Trustee  licenses from third parties
and uses in  providing  the  services  ("THIRD  PARTY  SOFTWARE"),  the  Trustee
warrants that it has used or will use  commercially  reasonable  efforts to test
the same by September  30, 1999 to certify,  in  accordance  with the  Trustee's
standard  practices,  that the Third Party  Software is 2000  Compliant.  If the
Trustee cannot certify any Third Party Software as 2000  Compliant,  the Trustee
will use  commercially  reasonable  efforts to replace such Third Party Software
with software that is warranted or certified by its vendor as 2000 Compliant, if
such replacement is available,  compatible with the Trustee's Systems and deemed
by the Trustee as  appropriate  under the  circumstances.  In the event that the
Trustee  uses third  party  service  providers  to provide  the  services or any
portion thereof ("Third Party  Services"),  the Trustee  warrants that it has in
place a program  under  which it will use  commercially  reasonable  efforts  to
contact such service  providers and obtain from them assurances that the Systems
that they use in providing  services  are 2000  Compliant.  Notwithstanding  the
foregoing, the Trustee cannot and does not warrant that the Systems, Third Party
Software or Third Party  Services will continue to interface  with the hardware,
firmware,  software (including  operating systems),  records or data used by the
third parties. As used herein, the term "2000 Compliant" means that the Systems,
Third Party  Software and Third Party  Services will function  without  material
error caused by the introduction of dates falling on or after January 1, 2000.  

 ARTICLE X

 TERMINATION

            Section  10.01   TERMINATION  UPON  PURCHASE  BY  THE  DEPOSITOR  OR
LIQUIDATION  OF ALL MORTGAGE  LOANS.  Subject to Section  10.02,  the respective
obligations and responsibilities of the Depositor, the Servicers and the Trustee
created hereby (other than the obligation of Trustee to make certain payments to
Certificateholders after the Final Distribution Date and to send certain notices
as hereinafter set forth and the obligations of the Trustee pursuant to Sections
5.04(b) and 5.05(b)) shall  terminate upon the last action  required to be taken
by the  Trustee  on the  Final  Distribution  Date  pursuant  to this  Article X
following the earlier of (a) the purchase by the Depositor of all Mortgage Loans
and all REO  Property  remaining in the Trust Estate at a price equal to the sum
of (i) 100% of the Stated  Principal  Balance of each  Mortgage Loan (other than
any  Mortgage  Loan as to which REO  Property  has been  acquired and whose fair
market value is included pursuant to clause (ii) below) and (ii) the fair market
value of such REO Property (as  determined  by the  Depositor as of the close of
business on the third  Business Day next preceding the date upon which notice of
any such  termination is furnished to  Certificateholders  pursuant to the third
paragraph of this Article X), plus any Class Unpaid  Interest  Shortfall for any
Class of  Certificates as well as one month's  interest at the related  Mortgage
Rate on the  Stated  Principal  Balance of each  Mortgage  Loan  (including  any
Mortgage  Loan as to which  REO  Property  has been  acquired)  or (b) the final
payment or other  liquidation (or any advance with respect  thereto) of the last
Mortgage  Loan  remaining  in the  Trust  Estate or the  disposition  of all REO
Property;  provided,  however,  that in no event shall the Trust created  hereby
continue  beyond the  expiration of 21 years from the death of the last survivor
of the  descendants  of Joseph P.  Kennedy,  the late  ambassador  of the United
States to the Court of St.                                                      
James, living on the date hereof.                                               

            The right of the Depositor to repurchase all Mortgage Loans pursuant
to (a) above is  conditioned  upon the Pool Stated  Principal  Balance as of the
Final  Distribution  Date being less than 10% of the Cut-Off Date Pool Principal
Balance.  If such right is  exercised,  the Trustee  shall,  promptly  following
payment of the  purchase  price,  release to the  Depositor  or its designee the
Mortgage Files pertaining to the Mortgage Loans being purchased.                

            Notice of any termination,  specifying the Final  Distribution  Date
(which shall be a date that would  otherwise be a Distribution  Date) upon which
the  Certificateholders  may  surrender  their  Certificates  to the Trustee for
payment of the final distribution and for cancellation,  shall be given promptly
by the Depositor (if  exercising  its right to purchase the assets of the Trust)
or by the Trustee (in any other case) by letter to Certificateholders mailed not
earlier  than the 15th day and not  later  than the 25th day of the  month  next
preceding  the  month  of such  final  distribution  specifying  (1)  the  Final
Distribution Date upon which final payment of the Certificates will be made upon
presentation  and  surrender  of  Certificates  at the  office  or agency of the
Trustee  therein  designated,  (2) the amount of any such final  payment and (3)
that the Record  Date  otherwise  applicable  to such  Distribution  Date is not
applicable,  payments  being made only upon  presentation  and  surrender of the
Certificates  at the office or agency of the Trustee therein  specified.  If the
Depositor is obligated to give notice to  Certificateholders  as  aforesaid,  it
shall give such notice to the Trustee and the Certificate  Registrar at the time
such notice is given to Certificateholders. In the event such notice is given by
the  Depositor,  the Depositor  shall deposit in the  Certificate  Account on or
before the Final  Distribution  Date in  immediately  available  funds an amount
equal to the amount  necessary  to make the  amount,  if any,  on deposit in the
Certificate  Account on the Final  Distribution Date equal to the purchase price
for the related assets of the Trust  computed as above provided  together with a
statement  as to the  amount to be  distributed  on each  Class of  Certificates
pursuant to the next succeeding paragraph.                                      

            Upon  presentation  and surrender of the  Certificates,  the Trustee
shall cause to be distributed to  Certificateholders of each Class, in the order
set  forth  in  Section  5.02  hereof,  on the  final  Distribution  Date and in
proportion  to  their   respective   Percentage   Interests,   with  respect  to
Certificateholders of the same Class, an amount equal to (I) as to each Class of
Certificates,  the Class  Certificate  Balance thereof plus (a) accrued interest
thereon in the case of an interest  bearing  Certificate  and (b) the Class A-PO
Deferred Amount with respect to the Class A-PO Certificates,  and (II) as to the
Class A-R and A-LR Certificates, the amounts, if any, which remain on deposit in
the Upper-Tier  Certificate  Account and the Certificate  Account,  respectively
(other than the amounts retained to meet claims) after  application  pursuant to
clause (I) above.  An amount  shall be  distributed  in respect of interest  and
principal  to the  Uncertificated  Lower-Tier  Interests  in the same amounts as
distributed to their Corresponding Upper-Tier Class or Classes.                 

            If all of the Certificateholders do not surrender their Certificates
for final payment and cancellation on or before the Final Distribution Date, the
Trustee  shall on such  date  cause  all funds in the  Certificate  Account  not
distributed in final distribution to  Certificateholders  to continue to be held
by the Trustee in an Eligible Account for the benefit of such Certificateholders
and the Depositor (if it exercised its right to purchase the assets of the Trust
Estate) or the Trustee (in any other case) shall give a second written notice to
the  remaining   Certificateholders   to  surrender   their   Certificates   for
cancellation and receive the final distribution with respect thereto.  If within
one year  after  the  second  notice  all the  Certificates  shall not have been
surrendered for  cancellation,  the Trustee may take  appropriate  steps, or may
appoint  an  agent  to  take   appropriate   steps,  to  contact  the  remaining
Certificateholders  concerning  surrender  of their  Certificates,  and the cost
thereof shall be paid out of the funds on deposit in such Eligible Account.     

Section 10.02   ADDITIONAL TERMINATION REQUIREMENTS.    

            (a) If the Depositor  exercises  its purchase  option as provided in
Section  10.01,  the Trust shall be terminated in accordance  with the following
additional  requirements,  unless the Trustee has received an Opinion of Counsel
to the effect that the failure of the Trust to comply with the  requirements  of
this Section 10.02 will not (i) result in the imposition of taxes on "prohibited
transactions" of the Trust as defined in Section 860F of the Code, or (ii) cause
the Trust Estate to fail to qualify as two separate  REMICs at any time that any
Certificates are outstanding:                                                   

               (i) within 90 days prior to the Final Distribution Date set forth
      in the notice given by the  Depositor  under  Section  10.01,  the Trustee
      shall  sell all of the  assets of the Trust  Estate to the  Depositor  for
cash; and                                                           

               (ii) the notice given by the Depositor or the Trustee pursuant to
      Section 10.01 shall provide that such notice constitutes the adopting of a
      plan of complete  liquidation of the  Upper-Tier  REMIC and the Lower-Tier
      REMIC as of the date of such notice  (or,  if  earlier,  the date on which
      such  notice was mailed to  Certificateholders).  The  Trustee  shall also
      specify such date in the final tax return of the Upper-Tier  REMIC and the
Lower-Tier REMIC.                                                   

            (b) By their  acceptance of the Residual  Certificates,  the Holders
thereof  hereby agree to take such other action in connection  with such plan of
complete liquidation as may be reasonably requested by the Depositor.           

ARTICLE XI

MISCELLANEOUS PROVISIONS

            Section 11.01 AMENDMENT.  This Agreement may be amended from time to
time by the Depositor,  the Servicers and the Trustee without the consent of any
of the Certificateholders, (i) to cure any ambiguity or mistake, (ii) to correct
or supplement any provisions  herein or therein which may be  inconsistent  with
any other provisions herein or therein, (iii) to modify, eliminate or add to any
of its  provisions  to such  extent  as  shall  be  necessary  to  maintain  the
qualification  of the Upper-Tier REMIC and the Lower-Tier REMIC as REMICs at all
times that any  Certificates are outstanding or to avoid or minimize the risk of
the  imposition of any tax on either REMIC  pursuant to the Code that would be a
claim  against the Trust  Estate,  provided that (a) the Trustee has received an
Opinion of Counsel to the effect that such action is  necessary  or desirable to
maintain such  qualification  or to avoid or minimize the risk of the imposition
of any such tax and (b) such action  shall not, as  evidenced by such Opinion of
Counsel,  adversely  affect  in  any  material  respect  the  interests  of  any
Certificateholder,  (iv) to change the timing and/or nature of deposits into the
Certificate  Account provided that (a) such change shall not, as evidenced by an
Opinion of Counsel,  adversely  affect in any material  respect the interests of
any  Certificateholder  and (b) such  change  shall  not  adversely  affect  the
then-current rating of the Senior Certificates,  the Class B-1 Certificates, the
Class B-2 Certificates,  the Class B-3 Certificates,  the Class B-4 Certificates
or the Class B-5  Certificates  as evidenced by a letter from each Rating Agency
rating such  Certificates  to such  effect and (v) to make any other  provisions
with respect to matters or questions  arising under this  Agreement  which shall
not be materially  inconsistent with the provisions of this Agreement,  provided
that such action  shall not, as  evidenced  by an Opinion of Counsel,  adversely
affect in any material respect the interests of any Certificateholder,  provided
that the  amendment  shall  not be deemed to  adversely  affect in any  material
respect the  interests  of the  Certificateholders  and no Opinion of Counsel to
that effect shall be required if the Person  requesting the amendment  obtains a
letter from each Rating Agency  stating that the  amendment  would not result in
the  downgrading  or withdrawal of the  respective  ratings then assigned to the
Certificates.                                                                   

            This  Agreement  may  also  be  amended  from  time  to  time by the
Depositor,  the  Servicers  and the Trustee,  with the consent of the Holders of
Certificates of each Class of Certificates  which is affected by such amendment,
evidencing,  as  to  each  such  Class  of  Certificates,  Percentage  Interests
aggregating  not less than 66-2/3%,  for the purpose of adding any provisions to
or changing in any manner or eliminating any of the provisions of this Agreement
or of  modifying  in any manner the rights of the Holders of such  Certificates;
provided,  however,  that no such  amendment  shall (A) reduce in any manner the
amount of, or delay the timing of,  collections of payments on Mortgage Loans or
distributions  which are  required  to be made on any  Certificate  without  the
consent of the Holder of such Certificate or (B) reduce the aforesaid percentage
required to consent to any such amendment, without the consent of the Holders of
all Certificates then Outstanding.                                              

            Prior  to the  solicitation  of  consent  of  Certificateholders  in
connection  with any such  amendment,  the party  seeking such  amendment  shall
furnish the Trustee with an Opinion of Counsel  stating  whether such  amendment
would  adversely  affect  the  qualification  of  the  Upper-Tier  REMIC  or the
Lower-Tier  REMIC as REMICs  and  notice  of the  conclusion  expressed  in such
Opinion of Counsel  shall be included with any such  solicitation.  An amendment
made with the consent of all  Certificateholders and executed in accordance with
this  Section  11.01  shall  be  permitted  or  authorized  by  this   Agreement
notwithstanding  that such Opinion of Counsel may conclude  that such  amendment
would  adversely  affect  the  qualification  of  the  Upper-Tier  REMIC  or the
Lower-Tier REMIC as REMICs.                                                     

            Promptly  after the  execution of any such  amendment or consent the
Trustee shall furnish written notification of the substance of or a copy of such
amendment to each Certificateholder and to each Rating Agency.                  

            It shall not be  necessary  for the  consent  of  Certificateholders
under  this  Section  11.01  to  approve  the  particular  form of any  proposed
amendment,  but it  shall  be  sufficient  if such  consent  shall  approve  the
substance  thereof.  The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders shall be subject to
such reasonable requirements as the Trustee may prescribe.                      

            Section 11.02 RECORDATION OF AGREEMENT. This Agreement is subject to
recordation in all appropriate  public offices for real property  records in all
the  counties  or other  comparable  jurisdictions  in  which  any or all of the
properties  subject to the Mortgages are situated,  and in any other appropriate
public recording office or elsewhere,  such recordation to be effected by either
Servicer and at its expense on  direction  by the  Trustee,  who will act at the
direction of Holders of Certificates  evidencing not less than 50% of all Voting
Rights,  but only upon  direction  of the Trustee  accompanied  by an Opinion of
Counsel to the effect that such recordation  materially and beneficially affects
the interests of Certificateholders.                                            

            For the purpose of facilitating the recordation of this Agreement as
herein  provided  and  for  other  purposes,  this  Agreement  may  be  executed
simultaneously in any number of counterparts,  each of which  counterparts shall
be deemed to be an original,  and such counterparts shall constitute but one and
the same instrument.                                                            

            Section 11.03 LIMITATION ON RIGHTS OF CERTIFICATEHOLDERS.  The death
or  incapacity  of any  Certificateholder  shall not operate to  terminate  this
Agreement   or  the  Trust,   nor   entitle   such   Certificateholder's   legal
representatives  or  heirs  to claim an  accounting  or to take  any  action  or
commence any proceeding in any court for a partition or winding up of the Trust,
nor otherwise  affect the rights,  obligations  and  liabilities  of the parties
hereto or any of them.                                                          

            No  Certificateholder  shall  have  any  right  to vote  (except  as
provided herein) or in any manner otherwise control the operation and management
of the Trust,  or the  obligations  of the parties  hereto,  nor shall  anything
herein set forth, or contained in the terms of the Certificates, be construed so
as to constitute the Certificateholders from time to time as partners or members
of an association; nor shall any Certificateholder be under any liability to any
third  person by reason of any action  taken by the  parties  to this  Agreement
pursuant to any provision hereof.                                               

            No  Certificateholder  shall have any right by virtue or by availing
itself of any  provisions  of this  Agreement to institute  any suit,  action or
proceeding in equity or at law upon or under or with respect to this  Agreement,
unless such Holder  previously  shall have given to the Trustee a written notice
of default and of the continuance  thereof,  as provided herein, and unless also
the Holders of Certificates evidencing Percentage Interests aggregating not less
than 25% of each Class of Certificates  affected thereby shall have made written
request upon the Trustee to institute such action, suit or proceeding in its own
name as Trustee  hereunder and shall have offered to the Trustee such reasonable
indemnity as it may require  against the costs,  expenses and  liabilities to be
incurred therein or thereby,  and the Trustee,  for 60 days after its receipt of
such notice, request and offer of indemnity,  shall have neglected or refused to
institute any such action, suit or proceeding; it being understood and intended,
and being  expressly  covenanted  by each  Certificateholder  with  every  other
Certificateholder  and the Trustee,  that no one or more Holders of Certificates
shall have any right in any manner  whatever by virtue or by availing  itself or
themselves of any provisions of this  Agreement to affect,  disturb or prejudice
the rights of the Holders of any other of the Certificates, or to obtain or seek
to obtain  priority over or  preference to any other such Holder,  or to enforce
any right under this Agreement, except in the manner herein provided and for the
equal, ratable and common benefit of all Certificateholders.  For the protection
and  enforcement  of the  provisions  of this  Section  11.03,  each  and  every
Certificateholder  and the  Trustee  shall be  entitled to such relief as can be
given either at law or in equity.                                               

            Section 11.04  GOVERNING LAW. THIS  AGREEMENT  SHALL BE CONSTRUED IN
ACCORDANCE  WITH THE LAWS OF THE STATE OF NEW YORK,  WITHOUT  APPLICATION OF THE
CONFLICTS OF LAWS PROVISIONS THEREOF,  AND THE OBLIGATIONS,  RIGHTS AND REMEDIES
OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.      

            Section  11.05   NOTICES.   All  demands,   notices,   instructions,
directions, requests and communications required to be delivered hereunder shall
be in  writing  and  shall be  deemed  to have  been  duly  given if  personally
delivered at or mailed by certified mail, return receipt  requested,  (provided,
however,  that notices to the Trustee shall be deemed effective upon receipt) to
(a) in the case of the Depositor, Bank of America Mortgage Securities, Inc., 345
Montgomery Street, Lower Level #2, Unit #8152, San Francisco,  California 94104,
Attention:  Russell Thompson,  (b) in the case of the NMC Servicer,  NationsBanc
Mortgage  Corporation,  101 East Main Street,  Suite 400,  Louisville,  Kentucky
40202,  Attention:  Servicing  Manager,  with a copy  to:  NationsBanc  Mortgage
Corporation,  201 North Tryon  Street,  14th Floor,  Charlotte,  North  Carolina
28255,  Attention:  General  Counsel  and  Treasurer,  (c) in the case of the BA
Servicer,  Bank of America, FSB, 10200 Valley View Street,  Cypress,  California
90630, Attention: Brian Shea, (d) in the case of the Trustee, 101 Barclay Street
- 12E, New York, New York 10286,  Attention:  Corporate  Trust - MBS Group (Fax:
(212)  815-5309),  (d) in the case of S&P,  Standard & Poor's, a division of The
McGraw-Hill  Companies,  Inc.,  26  Broadway,  New York,  New York 10004,  Attn:
Mortgage Surveillance Group, and (e) in the case of Fitch, Fitch IBCA, Inc., One
State  Street  Plaza,  New York,  New York  10004,  Attn:  Residential  Mortgage
Surveillance  Group;  or, as to each  party,  at such other  address as shall be
designated  by such party in a written  notice to each other  party.  Any notice
required  or  permitted  to be mailed to a  Certificateholder  shall be given by
first class mail, postage prepaid, at the address of such Holder as shown in the
Certificate  Register.  Any notice so mailed within the time  prescribed in this
Agreement shall be conclusively presumed to have been duly given, whether or not
the Certificateholder receives such notice.                                     

            Section 11.06 SEVERABILITY OF PROVISIONS.  If any one or more of the
covenants,  agreements,  provisions or terms of this Agreement  shall be for any
reason whatsoever held invalid, then such covenants,  agreements,  provisions or
terms  shall be  deemed  severable  from the  remaining  covenants,  agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability  of the other provisions of this Agreement or of the Certificates
or the rights of the Holders thereof.                                           

            Section 11.07  CERTIFICATES  NONASSESSABLE AND FULLY PAID. It is the
intention of the Trustee that Certificateholders  shall not be personally liable
for  obligations of the Trust Estate,  that the beneficial  ownership  interests
represented  by the  Certificates  shall  be  nonassessable  for any  losses  or
expenses of the Trust Estate or for any reason whatsoever, and that Certificates
upon execution, countersignature and delivery thereof by the Trustee pursuant to
Section 6.01 are and shall be deemed fully paid.                                

            Section 11.08 ACCESS TO LIST OF CERTIFICATEHOLDERS.  The Certificate
Registrar  will furnish or cause to be furnished to the Trustee,  within 15 days
after the receipt of a request by the Trustee in writing,  a list,  in such form
as the  Trustee  may  reasonably  require,  of the  names and  addresses  of the
Certificateholders   as  of  the  most   recent   Record  Date  for  payment  of
distributions to Certificateholders.                                            

            If three or more Certificateholders apply in writing to the Trustee,
and such application states that the applicants desire to communicate with other
Certificateholders  with respect to their  rights under this  Agreement or under
the  Certificates and is accompanied by a copy of the  communication  which such
applicants  propose to transmit,  then the Trustee  shall,  within five Business
Days after the receipt of such application, afford such applicants access during
normal business hours to the most recent list of Certificateholders  held by the
Trustee.  If such a list is as of a date more than 90 days  prior to the date of
receipt of such applicants' request, the Trustee shall promptly request from the
Certificate  Registrar a current list as provided  above,  and shall afford such
applicants access to such list promptly upon receipt.                           

            Every Certificateholder,  by receiving and holding such list, agrees
with the  Certificate  Registrar  and the Trustee that  neither the  Certificate
Registrar nor the Trustee shall be held  accountable by reason of the disclosure
of any such information as to the names and addresses of the  Certificateholders
hereunder, regardless of the source from which such information was derived.    

            Section  11.09  RECHARACTERIZATION.  The  parties to this  Agreement
intend the conveyance by the Depositor to the Trustee of all of its right, title
and  interest  in and to the  Mortgage  Loans  pursuant  to  this  Agreement  to
constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to
the  extent  that  such  conveyance  is  held  not to  constitute  a sale  under
applicable law, it is intended that this Agreement  shall  constitute a security
agreement  under  applicable law and that the Depositor  shall be deemed to have
granted  to  the  Trustee  a  first  priority  security  interest  in all of the
Depositor's right, title and interest in and to the Mortgage Loans.             

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            IN WITNESS  WHEREOF,  the  Depositor,  the Servicers and the Trustee
have caused this  Agreement  to be duly  executed by their  respective  officers
thereunto  duly  authorized to be hereunto  affixed,  all as of the day and year
first above written.                                                            

                                  BANK OF AMERICA MORTGAGE SECURITIES, INC.,
          as Depositor

                                    By: ________________________________________
                    Name:  Sharon Joseph
                     By:    Vice President

                         NATIONSBANC MORTGAGE CORPORATION,
   as Servicer

                                    By: ________________________________________
                          Name:  Robert J. Debenedet
                     By:    Vice President

             BANK OF AMERICA, FSB,
   as Servicer

                                    By: ________________________________________
                       Name:  Russell Thompson
                     By:    Vice President

             THE BANK OF NEW YORK,
  as Trustee

                                    By: ________________________________________
                    Name:  Kelly Sheahan
                     By:    Vice President

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STATE OF NEW YORK.  )                                                           
)     ss.:                              
COUNTY OF NEW YORK  )                                                           

            On the 25th day of March,  1999,  before me, a notary  public in and
for the State of New York,  personally appeared Kelly Sheahan,  known to me who,
being  by me duly  sworn,  did  depose  and say that  she is an  Assistant  Vice
President of The Bank of New York, a New York  banking  corporation,  one of the
parties that  executed the  foregoing  instrument;  and that she signed her name
thereto by order of the Board of Directors of such corporation.                 

                                         ---------------------------------------
                                         Notary Public

[Notarial Seal]                                                                 

My commission expires ____________.                                             

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STATE OF NORTH CAROLINA )                                                       
)   ss.:                        
COUNTY OF MECKLENBURG   )                                                       

            On the 25th day of March,  1999,  before me, a notary  public in and
for the State of North Carolina,  personally appeared Robert J. Debenedet, known
to me who,  being  by me  duly  sworn,  did  depose  and  say  that he is a Vice
President of NationsBanc Mortgage Corporation,  a Texas corporation,  one of the
parties that  executed  the  foregoing  instrument;  and that he signed his name
thereto by order of the Board of Directors of such corporation.                 

                                         ---------------------------------------
                                         Notary Public

[Notarial Seal]                                                                 

My commission expires ____________.                                             

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STATE OF NEW YORK   )                                                           
)  ss.:                                 
COUNTY OF NEW YORK  )                                                           

            On the 25th day of March,  1999,  before me, a notary  public in and
for the State of New York,  personally  appeared Russell  Thompson,  known to me
who, being by me duly sworn,  did depose and say that he is an Vice President of
Bank of America,  FSB, a federal  savings bank, one of the parties that executed
the  foregoing  instrument;  and that he signed his name thereto by order of the
Board of Directors of such corporation.                                         

                                         ---------------------------------------
                                         Notary Public

[Notarial Seal]                                                                 

My commission expires ____________.                                             

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STATE OF NEW YORK.  )                                                           
)     ss.:                              
COUNTY OF NEW YORK  )                                                           

            On the 25th day of March,  1999,  before me, a notary  public in and
for the State of New York,  personally appeared Sharon Joseph,  known to me who,
being by me duly  sworn,  did depose and say that she is the Vice  President  of
Bank of America Mortgage  Securities,  Inc. a Delaware  corporation,  one of the
parties that  executed the  foregoing  instrument;  and that she signed her name
thereto by order of the Board of Directors of such corporation.                 

                                         ---------------------------------------
                                         Notary Public

[Notarial Seal]                                                                 

My commission expires ____________.                                             

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 EXHIBIT A-1

[FORM OF FACE OF CLASS A-1 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-1   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-1   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $100,000,000.00                                   

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BK 7                                       

      This  certifies  that   _____________  is  the  registered  owner  of  the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-2   

[FORM OF FACE OF CLASS A-2 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-2   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-2   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $100,000,000.00                                   

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BL 5                                       

      This  certifies  that  ________________  is the  registered  owner  of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-3   

[FORM OF FACE OF CLASS A-3 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-3   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-3   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $26,800,000.00                                    

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BM 3                                       

      This certifies that  ______________________ is the registered owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-4   

[FORM OF FACE OF CLASS A-4 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-4   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-4   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $4,826,000.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BN 1                                       

      This  certifies  that  ________________  is the  registered  owner  of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 97.76302%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 2.23698067%;  and (ii) the annual yield to maturity
of this Certificate,  compounded  monthly,  is approximately  6.86%. There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-5   

[FORM OF FACE OF CLASS A-5 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-5   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-5   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $7,621,000.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BP 6                                       

      This  certifies  that  _______________  is  the  registered  owner  of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 97.57396%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 2.42604167%;  and (ii) the annual yield to maturity
of this Certificate,  compounded  monthly,  is approximately  6.85%. There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

EX-4
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EXHIBIT A-6   

[FORM OF FACE OF CLASS A-6 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-6   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-6   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $6,009,000.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BQ 4                                       

      This  certifies  that  _______________  is  the  registered  owner  of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

EX-4
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EXHIBIT A-7   

[FORM OF FACE OF CLASS A-7 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-7   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-7   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $8,456,429.00                                     

Pass-Through Rate:            6.900%                                            

CUSIP No.:                    060506 BR 2                                       

      This  certifies  that  _______________  is  the  registered  owner  of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-8   

[FORM OF FACE OF CLASS A-8 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-8   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-8   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $3,382,571.00                                     

Pass-Through Rate:            5.500%                                            

CUSIP No.:                    060506 BS 0                                       

      This  certifies  that  ______________  is  the  registered  owner  of  the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 84.61667%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 15.38333333%; and (ii) the annual yield to maturity
of this Certificate,  compounded  monthly,  is approximately  7.02%. There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-9   

[FORM OF FACE OF CLASS A-9 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-9   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

AFTER THE  SENIOR  CREDIT  SUPPORT  DEPLETION  DATE,  THE  PRINCIPAL  PORTION OF
REALIZED  LOSSES,  OTHER  THAN  EXCESS  LOSSES,  ALLOCATED  TO  THE  CLASS  A-14
CERTIFICATES  WILL BE BORNE BY THE CLASS A-9  CERTIFICATES  AS  DESCRIBED IN THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.                             

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-9   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $325,000.00                                       

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BT 8                                       

      This  certifies  that   _____________  is  the  registered  owner  of  the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-10  

[FORM OF FACE OF CLASS A-10 CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-10  

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

UNTIL THE APPLICABLE  ACCRETION  TERMINATION  DATE, THE INTEREST THAT ACCRUES ON
THE CERTIFICATE  BALANCE OF THIS CERTIFICATE  WILL NOT BE PAYABLE.  BECAUSE SUCH
UNPAID  INTEREST IS ADDED TO THE  CERTIFICATE  BALANCE OF THIS  CERTIFICATE  AND
BECAUSE  REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS  CERTIFICATE MAY BE MADE
MONTHLY AS DESCRIBED IN THE POOLING AND SERVICING  AGREEMENT  REFERENCED HEREIN,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MORE OR LESS THAN
THE AMOUNT SET FORTH BELOW.                                                     

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-10  

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $11,199,000.00                                    

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 BU 5                                       

      This  certifies  that  ______________  is  the  registered  owner  of  the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This  Certificate  is issued on March 25, 1999, at an issue price of
92.68333%, including accrued interest, and a stated redemption price at maturity
equal to the sum of its initial principal balance and all interest distributions
hereon (whether current or accrued),  and is issued with original issue discount
("OID") for federal income tax purposes.  Assuming that this Certificate pays in
accordance  with  projected cash flows  reflecting the prepayment  assumption of
275% SPA (as  defined in the  Prospectus  Supplement  dated  March 18, 1999 with
respect to the offering of the Class A Certificates and the Class B-1, Class B-2
and Class B-3 Certificates)  used to price this  Certificate:  (i) the amount of
OID as a percentage  of the initial  principal  balance of this  Certificate  is
approximately  127.21145513%;  and (ii) the  annual  yield to  maturity  of this
Certificate, compounded monthly, is approximately 7.28%. There is no short first
accrual period.                                                                 

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-11  

[FORM OF FACE OF CLASS A-11 CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-11  

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-11  

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $50,559,000.00                                    

Pass-Through Rate:            5.750%                                            

CUSIP No.:                    060506 BV 3                                       

      This certifies that ____________ is the registered owner of the Percentage
Interest evidenced by this Certificate (obtained by dividing the Denomination of
this  Certificate  by the  aggregate  Initial Class  Certificate  Balance of all
Certificates of the Class to which this Certificate  belongs) in certain monthly
distributions with respect to a Trust consisting primarily of the Mortgage Loans
deposited by Bank of America Mortgage  Securities,  Inc. (the "Depositor").  The
Trust was created pursuant to a Pooling and Servicing Agreement, dated March 25,
1999 (the "Pooling and Servicing Agreement"),  among the Depositor,  NationsBanc
Mortgage Corporation,  as servicer,  Bank of America, FSB, as servicer (together
with NationsBanc  Mortgage  Corporation,  the "Servicers"),  and The Bank of New
York,  as  trustee  (the  "Trustee").  To the  extent not  defined  herein,  the
capitalized  terms used  herein  have the  meanings  assigned in the Pooling and
Servicing  Agreement.  This  Certificate  is issued  under and is subject to the
terms,  provisions  and  conditions of the Pooling and Servicing  Agreement,  to
which Pooling and Servicing  Agreement the Holder of this  Certificate by virtue
of the acceptance hereof assents and by which such Holder is bound.             

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-12  

[FORM OF FACE OF CLASS A-12 CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-12  

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-12  

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $48,883,000.00                                    

Pass-Through Rate:            5.900%                                            

CUSIP No.:                    060506 BW 1                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-13  

[FORM OF FACE OF CLASS A-13 CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-13  

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-13  

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $76,367,000.00                                    

Pass-Through Rate:            6.350%                                            

CUSIP No.:                    060506 BX 9                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-14  

[FORM OF FACE OF CLASS A-14 CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-14  

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES,  EACH COMPONENT OF THIS CERTIFICATE
IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE
TERMS ARE  DEFINED,  RESPECTIVELY,  IN  SECTIONS  860G AND 860D OF THE  INTERNAL
REVENUE CODE OF 1986, AS AMENDED (THE "CODE").                                  

UNTIL THE APPLICABLE ACCRETION  TERMINATION DATE, THE INTEREST THAT ACCRUES ON A
PORTION OF THE  CERTIFICATE  BALANCE OF THIS  CERTIFICATE  WILL NOT BE  PAYABLE.
BECAUSE  SUCH  UNPAID  INTEREST  IS ADDED  TO THE  CERTIFICATE  BALANCE  OF THIS
CERTIFICATE  AND  BECAUSE   REDUCTIONS  OF  THE  CERTIFICATE   BALANCE  OF  THIS
CERTIFICATE  MAY BE MADE  MONTHLY AS  DESCRIBED  IN THE  POOLING  AND  SERVICING
AGREEMENT  REFERENCED  HEREIN,  THE  OUTSTANDING  CERTIFICATE  BALANCE  OF  THIS
CERTIFICATE MAY BE MORE OR LESS THAN THE AMOUNT SET FORTH BELOW.                

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-14  

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $35,184,000.00                                    

CUSIP No.:                    060506 BY 7                                       

      This  certifies  that  ________________  is the  registered  owner  of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      For the purposes of determining distributions of interest and in reduction
of Class  Certificate  Balance,  the Class  A-14  Certificates  consist  of five
components  (each,  a  "Component"  and  individually,  the "Class A-14 PAC IO A
Component," the "Class A-14 PAC IO B Component," the "Class A-14 PAC Component,"
the "Class A-14 TAC IO Component and the "Class A-14 TAC Component"). The amount
of interest which accrues on the Class A-14 Certificates in any month will equal
the sum of the interest which accrues on the Components. The component rate (the
"Component Rate") for each of the Components will be 6.500% per annum.  Interest
with respect to each  Component will accrue during each month in an amount equal
to the product of (i) 1/12th of the Component  Rate for such  Component and (ii)
the  outstanding  Component  Balance in the case of the Class A-14 PAC Component
and the Class A-14 TAC Component or the outstanding  notional amount in the case
of the Class A-14 PAC IO A Component,  the Class A-14 PAC IO B Component and the
Class A-14 TAC IO Component. Prior to the applicable Accretion Termination Date,
the interest  accrued on the Class A-14 TAC  Component  otherwise  available for
distribution on this Certificate will be added to the Component  Balance of such
Component  on each  Distribution  Date.  This  Certificate  does not evidence an
obligation of, or an interest in, and is not  guaranteed by the  Depositor,  the
Servicers  or  the  Trustee  referred  to  below  or  any  of  their  respective
affiliates.  Neither this  Certificate  nor the Mortgage Loans are guaranteed or
insured by any governmental agency or instrumentality.                          

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This  Certificate  is issued on March 25, 1999, at an issue price of
103.05121%,  including  accrued  interest,  and a  stated  redemption  price  at
maturity  equal to the sum of its initial  principal  balance  and all  interest
distributions  hereon (whether current or accrued),  and is issued with original
issue  discount  ("OID") for federal  income tax  purposes.  Assuming  that this
Certificate  pays  in  accordance  with  projected  cash  flows  reflecting  the
prepayment assumption of 275% SPA (as defined in the Prospectus Supplement dated
March 18, 1999 with respect to the offering of the Class A Certificates  and the
Class B-1, Class B-2 and Class B-3 Certificates) used to price this Certificate:
(i) the amount of OID as a percentage of the initial  principal  balance of this
Certificate is approximately 90.88967616%; and (ii) the annual yield to maturity
of this Certificate,  compounded  monthly,  is approximately  6.99%. There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-PO  

[FORM OF FACE OF CLASS A-PO CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-PO  

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERENCED  HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-PO  

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balance of all                                                                  
Certificates of this Class:   $748,966.00                                       

CUSIP No.:                    060506 BZ 4                                       

      This certifies that  ______________________ is the registered owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balance of all Certificates of the Class to which this  Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      This  Class A-PO  Certificate  represents  the right to receive  principal
only.                                                                           

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This  Certificate  is issued on March 25, 1999, at an issue price of
65.00000%  and a stated  redemption  price  at  maturity  equal  to its  initial
principal  balance,  and is issued  with  original  issue  discount  ("OID") for
federal income tax purposes.  Assuming that this  Certificate pays in accordance
with projected cash flows  reflecting the prepayment  assumption of 275% SPA (as
defined in the  Prospectus  Supplement  dated March 18, 1999 with respect to the
offering of the Class A Certificates  and the Class B-1, Class B-2 and Class B-3
Certificates)  used  to  price  this  Certificate:  (i) the  amount  of OID as a
percentage of the initial principal balance of this Certificate is approximately
35.00000000%;  and  (ii)  the  annual  yield to  maturity  of this  Certificate,
compounded monthly, is approximately 8.12%.                                     
There is no short first accrual period.                                         

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-R   

[FORM OF FACE OF CLASS A-R CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-R   

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE IS A "RESIDUAL
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

THIS  CLASS  A-R  CERTIFICATE  MAY NOT BE  PURCHASED  BY OR  TRANSFERRED  TO ANY
EMPLOYEE  BENEFIT  PLAN  OR  ARRANGEMENT,  INCLUDING  AN  INDIVIDUAL  RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL, STATE OR LOCAL LAW WHICH IS SIMILAR
TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"), OR A PERSON ACTING ON BEHALF OF
OR INVESTING ASSETS OF A PLAN.                                                  

TRANSFER  OF THIS  CERTIFICATE  IS  SUBJECT  TO  CERTAIN  TAX  RELATED  TRANSFER
RESTRICTIONS  DESCRIBED HEREIN AND IN THE POOLING AND SERVICING  AGREEMENT.  ANY
ATTEMPTED OR PURPORTED  TRANSFER OF THIS  RESIDUAL  CERTIFICATE  IN VIOLATION OF
SUCH RESTRICTIONS  SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN
THE PURPORTED TRANSFEREE.                                                       

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-R   

evidencing  a 100%  Percentage  Interest in the  distributions  allocable to the
Certificate  of the  above-referenced  Class with respect to a Trust  consisting
primarily of a pool of mortgage  loans (the "Mortgage  Loans")  secured by first
liens on one- to four-family residential properties deposited by                

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $100.00                                           

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $100.00                                           

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CA 8                                       

      This certifies that  _____________________ is the registered owner of 100%
Percentage   Interest   evidenced  by  this   Certificate  in  certain   monthly
distributions with respect to a Trust consisting of the Mortgage Loans deposited
by Bank of America Mortgage  Securities,  Inc. (the "Depositor").  The Trust was
created pursuant to a Pooling and Servicing Agreement, dated March 25, 1999 (the
"Pooling and Servicing  Agreement"),  among the Depositor,  NationsBanc Mortgage
Corporation,  as  servicer,  Bank of America,  FSB, as servicer  (together  with
NationsBanc Mortgage Corporation, the "Servicers"), and The Bank of New York, as
trustee (the "Trustee"). To the extent not defined herein, the capitalized terms
used herein have the meanings  assigned in the Pooling and Servicing  Agreement.
This  Certificate  is issued under and is subject to the terms,  provisions  and
conditions  of the  Pooling  and  Servicing  Agreement,  to  which  Pooling  and
Servicing  Agreement the Holder of this  Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.                               

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Any distribution of the proceeds of any remaining assets of the Upper-Tier
Certificate  Account will be made only upon  presentment  and  surrender of this
Class A-R Certificate at the Corporate Trust Office.                            

      Each Person who has or who  acquires  the Class A-R  Certificate  shall be
deemed by the  acceptance or  acquisition  thereof to have agreed to be bound by
the following  provisions and the rights of each Person  acquiring the Class A-R
Certificate are expressly subject to the following  provisions:  (i) each Person
holding or acquiring the Class A-R Certificate  shall be a Permitted  Transferee
and shall promptly  notify the Trustee of any change or impending  change in its
status as a Permitted  Transferee;  (ii) no Person  shall  acquire an  ownership
interest in a Class A-R Certificate unless such ownership interest is a pro rata
undivided interest;  (iii) in connection with any proposed transfer of the Class
A-R Certificate, the Trustee shall require delivery to it, in form and substance
satisfactory  to it, of an affidavit in the form of EXHIBIT I to the Pooling and
Servicing  Agreement;  (iv)  notwithstanding  the  delivery of an affidavit by a
proposed  transferee  under clause (iii) above, if a Responsible  Officer of the
Trustee has actual  knowledge  that the proposed  transferee  is not a Permitted
Transferee,  no Transfer of any Ownership Interest in a Residual  Certificate to
such proposed transferee shall be effected;  (v) no Residual  Certificate may be
purchased by or transferred to any Person that is not a U.S. Person,  unless (A)
such Person holds such Residual  Certificate in connection with the conduct of a
trade or business  within the United States and furnishes the transferor and the
Trustee  with  an  effective  Internal  Revenue  Service  Form  4224  or (B) the
transferee delivers to both the transferor and the Trustee an Opinion of Counsel
from a nationally-recognized  tax counsel to the effect that such transfer is in
accordance with the  requirements  of the Code and the  regulations  promulgated
thereunder  and that such  transfer  of such  Residual  Certificate  will not be
disregarded  for federal  income tax  purposes;  (vi) any attempted or purported
transfer of the Class A-R  Certificate  in violation of the  provisions  of such
restrictions  shall be absolutely  null and void and shall vest no rights in the
purported transferee;  and (vii) if any Person other than a Permitted Transferee
acquires the Class A-R Certificate in violation of such  restrictions,  then the
Trustee,  based on information  provided to the Trustee by the  Servicers,  will
provide to the Internal Revenue Service, and to the Persons specified in Section
860E(e)(3)  and (6) of the Code,  information  needed to compute the tax imposed
under  Section  860E(e)  of the  Code on  transfers  of  residual  interests  to
disqualified organizations.                                                     

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT A-LR  

[FORM OF FACE OF CLASS A-LR CERTIFICATE]  

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-LR  

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE IS A "RESIDUAL
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

THIS  CLASS A-LR  CERTIFICATE  MAY NOT BE  PURCHASED  BY OR  TRANSFERRED  TO ANY
EMPLOYEE  BENEFIT  PLAN  OR  ARRANGEMENT,  INCLUDING  AN  INDIVIDUAL  RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL, STATE OR LOCAL LAW WHICH IS SIMILAR
TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"), OR A PERSON ACTING ON BEHALF OF
OR INVESTING ASSETS OF A PLAN.                                                  

TRANSFER  OF THIS  CERTIFICATE  IS  SUBJECT  TO  CERTAIN  TAX  RELATED  TRANSFER
RESTRICTIONS  DESCRIBED HEREIN AND IN THE POOLING AND SERVICING  AGREEMENT.  ANY
ATTEMPTED OR PURPORTED  TRANSFER OF THIS  RESIDUAL  CERTIFICATE  IN VIOLATION OF
SUCH RESTRICTIONS  SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN
THE PURPORTED TRANSFEREE.                                                       

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class A-LR  

evidencing  a 100%  Percentage  Interest in the  distributions  allocable to the
Certificate  of the  above-referenced  Class with respect to a Trust  consisting
primarily of a pool of mortgage  loans (the "Mortgage  Loans")  secured by first
liens on one- to four-family residential properties deposited by                

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $100.00                                           

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $100.00                                           

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CB 6                                       

      This certifies that  _____________________ is the registered owner of 100%
Percentage   Interest   evidenced  by  this   Certificate  in  certain   monthly
distributions with respect to a Trust consisting of the Mortgage Loans deposited
by Bank of America Mortgage  Securities,  Inc. (the "Depositor").  The Trust was
created pursuant to a Pooling and Servicing Agreement, dated March 25, 1999 (the
"Pooling and Servicing  Agreement"),  among the Depositor,  NationsBanc Mortgage
Corporation,  as  servicer,  Bank of America,  FSB, as servicer  (together  with
NationsBanc Mortgage Corporation, the "Servicers"), and The Bank of New York, as
trustee (the "Trustee"). To the extent not defined herein, the capitalized terms
used herein have the meanings  assigned in the Pooling and Servicing  Agreement.
This  Certificate  is issued under and is subject to the terms,  provisions  and
conditions  of the  Pooling  and  Servicing  Agreement,  to  which  Pooling  and
Servicing  Agreement the Holder of this  Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.                               

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Any distribution of the proceeds of any remaining Pool Distribution Amount
will be made only upon  presentment and surrender of this Class A-LR Certificate
at the Corporate Trust Office.                                                  

      Each Person who has or who  acquires the Class A-LR  Certificate  shall be
deemed by the  acceptance or  acquisition  thereof to have agreed to be bound by
the following  provisions and the rights of each Person acquiring the Class A-LR
Certificate are expressly subject to the following  provisions:  (i) each Person
holding or acquiring the Class A-LR Certificate shall be a Permitted  Transferee
and shall promptly  notify the Trustee of any change or impending  change in its
status as a Permitted  Transferee;  (ii) no Person  shall  acquire an  ownership
interest in a Class A-LR  Certificate  unless such  ownership  interest is a pro
rata undivided  interest;  (iii) in connection with any proposed transfer of the
Class A-LR  Certificate,  the Trustee shall require  delivery to it, in form and
substance  satisfactory  to it, of an  affidavit in the form of EXHIBIT I to the
Pooling  and  Servicing  Agreement;  (iv)  notwithstanding  the  delivery  of an
affidavit by a proposed  transferee  under clause (iii) above,  if a Responsible
Officer of the Trustee has actual knowledge that the proposed  transferee is not
a Permitted  Transferee,  no Transfer  of any  Ownership  Interest in a Residual
Certificate  to such  proposed  transferee  shall be  effected;  (v) no Residual
Certificate  may be purchased by or transferred to any Person that is not a U.S.
Person,  unless (A) such Person holds such  Residual  Certificate  in connection
with the conduct of a trade or business  within the United  States and furnishes
the transferor and the Trustee with an effective  Internal  Revenue Service Form
4224 or (B) the  transferee  delivers to both the  transferor and the Trustee an
Opinion of Counsel from a  nationally-recognized  tax counsel to the effect that
such  transfer  is in  accordance  with  the  requirements  of the  Code and the
regulations  promulgated  thereunder  and that such  transfer  of such  Residual
Certificate  will not be disregarded  for federal income tax purposes;  (vi) any
attempted or purported  transfer of the Class A-LR  Certificate  in violation of
the provisions of such restrictions  shall be absolutely null and void and shall
vest no rights in the purported transferee; and (vii) if any Person other than a
Permitted  Transferee  acquires the Class A-LR  Certificate in violation of such
restrictions,  then the Trustee, based on information provided to the Trustee by
the Servicers,  will provide to the Internal Revenue Service, and to the Persons
specified  in  Section  860E(e)(3)  and (6) of the Code,  information  needed to
compute  the tax  imposed  under  Section  860E(e) of the Code on  transfers  of
residual interests to disqualified organizations.                               

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT B-1   

[FORM OF FACE OF CLASS B-1 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-1   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERRED TO HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES
AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT.                            

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

EX-4
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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-1   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $10,758,098.00                                    

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CC 4                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balances of all Certificates of the Class to which this Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

EX-4
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EXHIBIT B-2   

[FORM OF FACE OF CLASS B-2 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-2   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERRED TO HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

THIS  CERTIFICATE IS  SUBORDINATED  IN RIGHT OF PAYMENT TO THE CLASS A AND CLASS
B-1 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT.           

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

EX-4
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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-2   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $3,752,825.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CD 2                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balances of all Certificates of the Class to which this Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 97.05833%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 2.94166667%;  and (ii) the annual yield to maturity
of this Certificate,  compounded  monthly,  is approximately  6.91%. There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

EX-4
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EXHIBIT B-3   

[FORM OF FACE OF CLASS B-3 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-3   

[UNLESS THIS  CERTIFICATE  IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY TRUST COMPANY,  A NEW YORK CORPORATION  ("DTC"),  TO THE DEPOSITOR OR
ITS  AGENT  FOR  REGISTRATION  OF  TRANSFER,   EXCHANGE,  OR  PAYMENT,  AND  ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO  CEDE  & CO.  OR TO  SUCH  OTHER  ENTITY  AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]                                    

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERRED TO HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

THIS  CERTIFICATE IS  SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1
AND CLASS B-2 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT. 

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

EX-4
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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-3   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $1,751,319.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CE 0                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balances of all Certificates of the Class to which this Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 88.02708%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 11.97291667%; and (ii) the annual yield to maturity
of this Certificate,  compounded  monthly,  is approximately  8.27%. There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

EX-4
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EXHIBIT B-4   

[FORM OF FACE OF CLASS B-4 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-4   

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERRED TO HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

THIS  CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1,
CLASS B-2 AND CLASS B-3  CERTIFICATES  AS DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT.                                                                      

THIS  CERTIFICATE HAS NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "1933  ACT").  ANY RESALE OR TRANSFER OF THIS  CERTIFICATE  WITHOUT
REGISTRATION  THEREOF  UNDER  THE  1933  ACT MAY  ONLY BE MADE IN A  TRANSACTION
EXEMPTED FROM THE  REGISTRATION  REQUIREMENTS  OF THE 1933 ACT AND IN ACCORDANCE
WITH THE PROVISIONS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.  

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-4   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $1,751,319.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CF 7                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balances of all Certificates of the Class to which this Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.  Principal in respect of this Certificate is distributable  monthly as
set  forth in the  Pooling  and  Servicing  Agreement.  Accordingly,  the  Class
Certificate  Balance at any time may be less than the Class Certificate  Balance
as set forth herein.  This Certificate does not evidence an obligation of, or an
interest  in, and is not  guaranteed  by the  Depositor,  the  Servicers  or the
Trustee  referred to below or any of their respective  affiliates.  Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.                                                      

      No  transfer  of a  Certificate  of this Class  shall be made  unless such
transfer is exempt from the  registration  requirements of the Securities Act of
1933, as amended (the "1933 Act"),  and any applicable  state securities laws or
is made in accordance  with the 1933 Act and such laws. In the event of any such
transfer,  (i) unless the  transfer  is made in  reliance on Rule 144A under the
1933 Act, the Trustee or the Depositor may require a written  Opinion of Counsel
(which  may  be  in-house  counsel)  acceptable  to and in  form  and  substance
reasonably  satisfactory to the Trustee and the Depositor that such transfer may
be made pursuant to an exemption,  describing the  applicable  exemption and the
basis therefor, from the 1933 Act and such laws or is being made pursuant to the
1933 Act and such laws,  which Opinion of Counsel shall not be an expense of the
Trustee or the Depositor  and (ii) the Trustee shall require a certificate  from
the Certificateholder desiring to effect such transfer substantially in the form
attached to the Pooling and Servicing Agreement as EXHIBIT G-1 and a certificate
from such  Certificateholder's  prospective transferee substantially in the form
attached to the Pooling and  Servicing  Agreement  either as EXHIBIT  G-2A or as
EXHIBIT G-2B, which  certificates  shall not be an expense of the Trustee or the
Depositor;  provided that the foregoing  requirements under clauses (i) and (ii)
shall not apply to a  transfer  of a Private  Certificate  between  or among the
Depositor,  the  Seller,  their  affiliates  or both.  The  Holder  of a Private
Certificate  desiring to effect such transfer  shall,  and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.                                                                     

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 72.08958%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 27.91041667%; and (ii) the annual yield to maturity
of this Certificate,  compounded monthly, is approximately  11.24%.  There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT B-5   

[FORM OF FACE OF CLASS B-5 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-5   

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERRED TO HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

THIS  CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1,
CLASS B-2, CLASS B-3 AND CLASS B-4  CERTIFICATES AS DESCRIBED IN THE POOLING AND
SERVICING AGREEMENT.                                                            

THIS  CERTIFICATE HAS NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "1933  ACT").  ANY RESALE OR TRANSFER OF THIS  CERTIFICATE  WITHOUT
REGISTRATION  THEREOF  UNDER  THE  1933  ACT MAY  ONLY BE MADE IN A  TRANSACTION
EXEMPTED FROM THE  REGISTRATION  REQUIREMENTS  OF THE 1933 ACT AND IN ACCORDANCE
WITH THE PROVISIONS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.  

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

EX-4
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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-5   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $1,000,754.00                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CG 5                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balances of all Certificates of the Class to which this Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      No  transfer  of a  Certificate  of this Class  shall be made  unless such
transfer is exempt from the  registration  requirements of the Securities Act of
1933, as amended (the "1933 Act"),  and any applicable  state securities laws or
is made in accordance  with the 1933 Act and such laws. In the event of any such
transfer,  (i) unless the  transfer  is made in  reliance on Rule 144A under the
1933 Act, the Trustee or the Depositor may require a written  Opinion of Counsel
(which  may  be  in-house  counsel)  acceptable  to and in  form  and  substance
reasonably  satisfactory to the Trustee and the Depositor that such transfer may
be made pursuant to an exemption,  describing the  applicable  exemption and the
basis therefor, from the 1933 Act and such laws or is being made pursuant to the
1933 Act and such laws,  which Opinion of Counsel shall not be an expense of the
Trustee or the Depositor  and (ii) the Trustee shall require a certificate  from
the Certificateholder desiring to effect such transfer substantially in the form
attached to the Pooling and Servicing Agreement as EXHIBIT G-1 and a certificate
from such  Certificateholder's  prospective transferee substantially in the form
attached to the Pooling and  Servicing  Agreement  either as EXHIBIT  G-2A or as
EXHIBIT G-2B, which  certificates  shall not be an expense of the Trustee or the
Depositor;  provided that the foregoing  requirements under clauses (i) and (ii)
shall not apply to a  transfer  of a Private  Certificate  between  or among the
Depositor,  the  Seller,  their  affiliates  or both.  The  Holder  of a Private
Certificate  desiring to effect such transfer  shall,  and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.                                                                     

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 58.05833%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 41.94166667%; and (ii) the annual yield to maturity
of this Certificate,  compounded monthly, is approximately  14.80%.  There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

EX-4
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EXHIBIT B-6   

[FORM OF FACE OF CLASS B-6 CERTIFICATE]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-6   

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE  IS A "REGULAR
INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").                                                  

REDUCTIONS OF THE CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY  
AS  DESCRIBED  IN THE  POOLING  AND  SERVICING  AGREEMENT  REFERRED TO HEREIN.  
ACCORDINGLY,  THE OUTSTANDING  CERTIFICATE  BALANCE OF THIS CERTIFICATE MAY BE  
LESS THAN THE AMOUNT SET FORTH BELOW.                                           

THIS  CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1,
CLASS B-2, CLASS B-3, CLASS B-4 AND CLASS B-5  CERTIFICATES  AS DESCRIBED IN THE
POOLING AND SERVICING AGREEMENT.                                                

THIS  CERTIFICATE HAS NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "1933  ACT").  ANY RESALE OR TRANSFER OF THIS  CERTIFICATE  WITHOUT
REGISTRATION  THEREOF  UNDER  THE  1933  ACT MAY  ONLY BE MADE IN A  TRANSACTION
EXEMPTED FROM THE  REGISTRATION  REQUIREMENTS  OF THE 1933 ACT AND IN ACCORDANCE
WITH THE PROVISIONS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.  

UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT,  INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT,  SUBJECT TO THE EMPLOYEE  RETIREMENT  INCOME  SECURITY ACT OF 1974,  AS
AMENDED ("ERISA"),  THE CODE OR ANY FEDERAL,  STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A "PLAN"),  MAY RESULT IN
"PROHIBITED  TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE  DELIVERS TO
THE  TRUSTEE  EITHER  (I)  A  REPRESENTATION   LETTER,  IN  FORM  AND  SUBSTANCE
SATISFACTORY  TO THE  TRUSTEE,  STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF  OF,  ANY SUCH PLAN OR USING THE  ASSETS OF ANY SUCH PLAN TO EFFECT  SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY,  THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS  CERTIFICATE IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION CLASS EXEMPTION 95-60
("PTE  95-60"),  60 FED.  REG.  35925  (JULY 12,  1995)),  THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES AND LIABILITIES
FOR THE  CONTRACT(S)  HELD BY OR ON  BEHALF  OF SUCH  PLAN AND ALL  OTHER  PLANS
MAINTAINED  BY THE SAME  EMPLOYER  (OR  AFFILIATE  THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND  LIABILITIES OF SUCH GENERAL  ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED  UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION  AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH  GENERAL  ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICERS,  TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST  BEING  DEEMED  TO BE "PLAN  ASSETS"  AND  SUBJECT  TO THE  PROHIBITED
TRANSACTION  PROVISIONS  OF ERISA,  THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY  OBLIGATION IN ADDITION TO
THOSE  UNDERTAKEN  IN THE  POOLING  AND  SERVICING  AGREEMENT.  EACH  PERSON WHO
ACQUIRES THIS  CERTIFICATE OR ANY INTEREST  THEREIN SHALL BE DEEMED TO HAVE MADE
THE  REPRESENTATIONS  REQUIRED BY THE  REPRESENTATION  LETTER REFERRED TO IN THE
PRECEDING  SENTENCE,  UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL  REFERRED TO IN THE  PRECEDING  SENTENCE TO THE
TRUSTEE.  THE POOLING AND  SERVICING  AGREEMENT  PROVIDES  THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER  RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                       

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BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates, Series 1999-2   
Class B-6   

evidencing  an interest in a Trust  consisting  primarily  of a pool of mortgage
loans  (the  "Mortgage  Loans")  secured by first  liens on one- to  four-family
residential properties deposited by                                             

Bank of America Mortgage Securities, Inc., as Depositor   

Certificate No.:                                                                

Cut-Off Date:                 March 1, 1999                                     

First Distribution Date:      April 26, 1999                                    

Initial Certificate                                                             
Balance of this                                                                 
Certificate                                                                     
("Denomination"):             $                                                 

Initial Class Certificate                                                       
Balances of all Certificates                                                    
of this Class:                $1,001,140.77                                     

Pass-Through Rate:            6.500%                                            

CUSIP No.:                    060506 CH 3                                       

      This  certifies  that  _________________  is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Denomination  of this  Certificate  by the aggregate  Initial Class  Certificate
Balances of all Certificates of the Class to which this Certificate  belongs) in
certain monthly  distributions  with respect to a Trust consisting  primarily of
the Mortgage Loans deposited by Bank of America Mortgage  Securities,  Inc. (the
"Depositor").  The  Trust  was  created  pursuant  to a  Pooling  and  Servicing
Agreement,  dated March 25, 1999 (the "Pooling and Servicing Agreement"),  among
the Depositor,  NationsBanc Mortgage Corporation,  as servicer, Bank of America,
FSB,  as  servicer  (together  with  NationsBanc   Mortgage   Corporation,   the
"Servicers"),  and The Bank of New York,  as  trustee  (the  "Trustee").  To the
extent not defined herein,  the capitalized  terms used herein have the meanings
assigned in the Pooling and  Servicing  Agreement.  This  Certificate  is issued
under and is subject to the terms,  provisions and conditions of the Pooling and
Servicing Agreement, to which Pooling and Servicing Agreement the Holder of this
Certificate by virtue of the acceptance  hereof assents and by which such Holder
is bound.                                                                       

      Principal in respect of this Certificate is  distributable  monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Class Certificate
Balance at any time may be less than the Class Certificate  Balance as set forth
herein.  This Certificate does not evidence an obligation of, or an interest in,
and is not guaranteed by the Depositor, the Servicers or the Trustee referred to
below or any of their  respective  affiliates.  Neither this Certificate nor the
Mortgage  Loans  are  guaranteed  or  insured  by  any  governmental  agency  or
instrumentality.                                                                

      No  transfer  of a  Certificate  of this Class  shall be made  unless such
transfer is exempt from the  registration  requirements of the Securities Act of
1933, as amended (the "1933 Act"),  and any applicable  state securities laws or
is made in accordance  with the 1933 Act and such laws. In the event of any such
transfer,  (i) unless the  transfer  is made in  reliance on Rule 144A under the
1933 Act, the Trustee or the Depositor may require a written  Opinion of Counsel
(which  may  be  in-house  counsel)  acceptable  to and in  form  and  substance
reasonably  satisfactory to the Trustee and the Depositor that such transfer may
be made pursuant to an exemption,  describing the  applicable  exemption and the
basis therefor, from the 1933 Act and such laws or is being made pursuant to the
1933 Act and such laws,  which Opinion of Counsel shall not be an expense of the
Trustee or the Depositor  and (ii) the Trustee shall require a certificate  from
the Certificateholder desiring to effect such transfer substantially in the form
attached to the Pooling and Servicing Agreement as EXHIBIT G-1 and a certificate
from such  Certificateholder's  prospective transferee substantially in the form
attached to the Pooling and  Servicing  Agreement  either as EXHIBIT  G-2A or as
EXHIBIT G-2B, which  certificates  shall not be an expense of the Trustee or the
Depositor;  provided that the foregoing  requirements under clauses (i) and (ii)
shall not apply to a  transfer  of a Private  Certificate  between  or among the
Depositor,  the  Seller,  their  affiliates  or both.  The  Holder  of a Private
Certificate  desiring to effect such transfer  shall,  and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.                                                                     

      Reference is hereby made to the further provisions of this Certificate set
forth on the reverse  hereof,  which further  provisions  shall for all purposes
have the same effect as if set forth at this place.                             

            This Certificate is issued on March 25, 1999, and based on its issue
price of 23.93333%, including accrued interest, and a stated redemption price at
maturity equal to its initial principal  balance,  is issued with original issue
discount ("OID") for federal income tax purposes. Assuming that this Certificate
pays  in  accordance  with  projected  cash  flows   reflecting  the  prepayment
assumption of 275% SPA (as defined in the Prospectus  Supplement dated March 18,
1999 with respect to the offering of the Class A Certificates and the Class B-1,
Class B-2 and Class B-3 Certificates)  used to price this  Certificate:  (i) the
amount  of  OID as a  percentage  of  the  initial  principal  balance  of  this
Certificate is approximately 76.06666667%; and (ii) the annual yield to maturity
of this Certificate,  compounded monthly, is approximately  35.01%.  There is no
short first accrual period.                                                     

      This  Certificate  shall not be entitled to any benefit  under the Pooling
and  Servicing   Agreement  or  be  valid  for  any  purpose   unless   manually
countersigned by an authorized signatory of the Trustee.                        

* * *   

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EXHIBIT C   

[FORM OF REVERSE OF ALL CERTIFICATES]   

BANK OF AMERICA MORTGAGE SECURITIES, INC.   
Mortgage Pass-Through Certificates  

      This  Certificate  is one  of a  duly  authorized  issue  of  Certificates
designated as Bank of America Mortgage  Securities,  Inc. Mortgage  Pass-Through
Certificates,  of the Series  specified  on the face hereof  (collectively,  the
"Certificates"),  and representing a beneficial  ownership interest in the Trust
created by the Pooling and Servicing Agreement.                                 

      The Certificateholder,  by its acceptance of this Certificate, agrees that
it will look  solely to the funds on  deposit  in the  Certificate  Account  for
payment  hereunder and that the Trustee is not liable to the  Certificateholders
for any amount  payable  under this  Certificate  or the Pooling  and  Servicing
Agreement  or,  except  as  expressly  provided  in the  Pooling  and  Servicing
Agreement, subject to any liability under the Pooling and Servicing Agreement.  

      This  Certificate  does not purport to summarize the Pooling and Servicing
Agreement and  reference is made to the Pooling and Servicing  Agreement for the
interests,  rights and limitations of rights,  benefits,  obligations and duties
evidenced thereby, and the rights, duties and immunities of the Trustee.        

      Pursuant  to  the  terms  of  the  Pooling  and  Servicing  Agreement,   a
distribution  will be made on the 25th day of each  calendar  month (or, if such
day is not a Business Day, the next Business Day) (each, a "Distribution Date"),
commencing on the first  Distribution  Date specified on the face hereof, to the
Person in whose name this  Certificate is registered at the close of business on
the  applicable  Record Date in an amount  required  pursuant to the Pooling and
Servicing Agreement. The Record Date applicable to each Distribution Date is the
last  Business Day of the month next  preceding  the month of such  Distribution
Date.                                                                           

      On  each  Distribution  Date,  the  Trustee  shall  distribute  out of the
Certificate  Account to each  Certificateholder  of record on the related Record
Date (other than respecting the final  distribution) (a) by check mailed to such
Certificateholder  entitled to receive a distribution on such  Distribution Date
at the  address  appearing  in the  Certificate  Register,  or (b) upon  written
request   by  the   Holder  of  a  Regular   Certificate   (in  the  event  such
Certificateholder  owns of  record  100% of a Class  of  Certificates  or  holds
Certificates of any Class having denominations  aggregating $1,000,000 or more),
by wire transfer or by such other means of payment as such Certificateholder and
the Trustee shall agree upon, such  Certificateholder's  Percentage Interest in,
the amount to which the related Class of  Certificates is entitled in accordance
with the  priorities  set forth in Section  5.02 of the  Pooling  and  Servicing
Agreement.  The  final  distribution  on each  Certificate  will be made in like
manner,  but only upon  presentation  and surrender of such  Certificate  to the
Trustee as contemplated by Section 10.01 of the Pooling and Servicing Agreement.

      The Pooling and  Servicing  Agreement  permits,  with  certain  exceptions
therein  provided,  the amendment thereof and the modification of the rights and
obligations  of the Trustee and the rights of the  Certificateholders  under the
Pooling and Servicing Agreement at any time by the Depositor,  the Servicers and
the Trustee  with the consent of the  Holders of  Certificates  affected by such
amendment  evidencing  the  requisite  Percentage  Interest,  as provided in the
Pooling  and  Servicing  Agreement.  Any  such  consent  by the  Holder  of this
Certificate  shall be conclusive  and binding on such Holder and upon all future
Holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange therefor or in lieu hereof whether or not notation of such
consent is made upon this Certificate.  The Pooling and Servicing Agreement also
permits the amendment  thereof,  in certain limited  circumstances,  without the
consent of the Holders of any of the Certificates.                              

      As provided in the Pooling and Servicing  Agreement and subject to certain
limitations  therein set forth,  the transfer of this Certificate is registrable
in the  Certificate  Register of the Trustee upon surrender of this  Certificate
for  registration  of transfer at the Corporate  Trust Office  accompanied  by a
written  instrument  of  transfer  in form  satisfactory  to the Trustee and the
Certificate  Registrar  duly  executed  by the  Holder  hereof or such  Holder's
attorney duly authorized in writing,  and thereupon one or more new Certificates
of the same Class in authorized  denominations and evidencing the same aggregate
Percentage Interest in the Trust will be issued to the designated  transferee or
transferees.                                                                    

      The  Certificates  are issuable  only as registered  Certificates  without
coupons in denominations  specified in the Pooling and Servicing  Agreement.  As
provided  in  the  Pooling  and  Servicing  Agreement  and  subject  to  certain
limitations   therein  set  forth,   Certificates   are   exchangeable  for  new
Certificates  of the same Class in authorized  denominations  and evidencing the
same aggregate Percentage Interest,  as requested by the Holder surrendering the
same.                                                                           

      No service  charge will be made for any such  registration  of transfer or
exchange,  but the Trustee may require  payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.               

      The Depositor,  the Servicers,  the Certificate  Registrar and the Trustee
and any agent of the Depositor,  the Servicers, the Certificate Registrar or the
Trustee may treat the Person in whose name this Certificate is registered as the
owner hereof for all purposes,  and none of the Depositor,  the  Servicers,  the
Certificate  Registrar,  the  Trustee or any such agent shall be affected by any
notice to the contrary.                                                         

      On any  Distribution  Date on which the Pool Stated  Principal  Balance is
less than 10% of the Cut-Off Date Pool  Principal  Balance,  the Depositor  will
have the option to repurchase,  in whole, from the Trust all remaining  Mortgage
Loans and all property  acquired in respect of the Mortgage  Loans at a purchase
price  determined  as provided in the Pooling and  Servicing  Agreement.  In the
event  that  no  such  optional   termination   occurs,   the   obligations  and
responsibilities  created by the Pooling and Servicing  Agreement will terminate
upon the later of the maturity or other liquidation (or any advance with respect
thereto) of the last Mortgage Loan remaining in the Trust or the  disposition of
all property in respect thereof and the  distribution to  Certificateholders  of
all amounts  required to be  distributed  pursuant to the Pooling and  Servicing
Agreement.  In no event shall the Trust  created by the  Pooling  and  Servicing
Agreement  continue beyond the expiration of 21 years from the death of the last
survivor of the  descendants  of Joseph P. Kennedy,  the late  ambassador of the
United States to the Court of St.                                               
James, living on the date thereof.                                              

      Any  term  used  herein  that is  defined  in the  Pooling  and  Servicing
Agreement  shall  have  the  meaning  assigned  in  the  Pooling  and  Servicing
Agreement, and nothing herein shall be deemed inconsistent with that meaning.   

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      IN WITNESS  WHEREOF,  the Trustee has caused this  Certificate  to be duly
executed.                                                                       

Dated: ________ ___, ___                                                        

             THE BANK OF NEW YORK,
as Trustee

By      
                                        ----------------------------------------
                    Authorized Signatory

CERTIFICATE OF AUTHENTICATION   

      This is one of the Class [__] Certificates  referred to in the Pooling and
Servicing Agreement referenced herein.                                          

             THE BANK OF NEW YORK,
  as Trustee

By      
                                        ----------------------------------------
                    Authorized Signatory

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ASSIGNMENT  

      FOR VALUE  RECEIVED,  the   undersigned   hereby  sell(s),  assign(s)  and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
(Please  print or  typewrite  name and  address  including  postal zip code of  
assignee)                                                                       

the  Percentage   Interest  evidenced  by  the  within  Certificate  and  hereby
authorizes the transfer of registration of such Percentage  Interest to assignee
on the Certificate Register of the Trust.                                       

      I (We)  further  direct the Trustee to issue a new  Certificate  of a like
denomination and Class, to the above named assignee and deliver such Certificate
to the following address:                                                       

Dated:                                                                          

                                        ________________________________________
                                     Signature by or on behalf of assignor

DISTRIBUTION INSTRUCTIONS   

   The assignee should include the following for purposes of distribution:

      Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to ____________________________________________________  for the
account of ___________________, account number _________________________, or, if
mailed   by   check,   to   Applicable    statements   should   be   mailed   to
_______________________                                                         

      This  information is provided by , the assignee  named above,  or , as its
agent.                                                                          

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EXHIBIT D-1   

BA MORTGAGE LOAN SCHEDULE   

                                                        [Enlarge/Download Table]

Loan#       Name                     Address                    City         ST   ZIP    Occ      Prop     Term   LTV
                                                                                                                     
20031936    CORDOVA, WAYNE           3502 BALMORAL CT           FREEHOLD     NJ   7728 Primary    Condo    276   89.1
20033221    MINALL, STEVEN           171 -08 COURTNEY AVE       FLUSHING     NY  11358 Primary    SFR      276   77.2
20430625    FRATTO, LAWRENCE         1571 PRISCILLA CT          TOMS RIVER   NJ   8753 Primary    SFR      317   74.5
21417806    MAKOWSKI, CARL           1037 WASHINGTON AVENUE     WRIGHTSTOWN  PA  19067 Primary    SFR      333   94.9
21567085    BAER, KAREN              12 TIBERON DRIVE           HOLMDEL      NJ   7733 Primary    SFR      333   52.0
21603499    DICKINSON, ROBERT        1600 PROVIDENCE ROAD       CHARLOTTE    NC  28207 Primary    SFR      331   80.0
21609411    MCBRIDE, WILLIAM         41 MONROE AVENUE           PITTSFORD    NY  14534 Primary    SFR      332   76.7
5000015015  GOODMAN, MICHAEL         25 TAMMER LANE LOT 22A     HOPKINTON    MA   1748 Primary    SFR      360   75.0
5000025543  KELLY, TORCHIA           4305 WARTHEN DR            HARWOOD      MD  20776 Primary    SFR      360   74.2
5000026061  BURTSCHI, MARK           11416 NIGHT STAR WAY       RESTON       VA  20194 Primary    PUD      360   77.6
5000041128  HEINTZ, THOMAS           2168 MIDDLTWN LINCROFT RD  MIDDLETOWN   NJ   7748 Primary    SFR      360   65.7
5000263037  BAILON, MAURO            41 NUEVA AVE               REDWOOD CIT  CA  94061 Primary    SFR      360   90.0
5000288174  BRELSFORD, TIMOTHY       277 CASTLES GATE DRIVE     MOORESVILLE  NC  28117 Primary    PUD      360   80.0
5000348432  EMIRZIAN, GARO           2714 PINELAWN DR           LA CRESCENT  CA  91214 Primary    SFR      360   66.4
5000400068  RENAGHAN, DANIEL         136 GORDON RD              WALNUT CREE  CA  94598 Primary    SFR      360   80.0
5000400654  BOWMAN, DANIEL           60 WILLIAMS LANE           SAN CARLOS   CA  94070 Primary    SFR      360   80.0
5000403294  ROGERS, SCOTT            5828 COLTON BLVD           OAKLAND      CA  94611 Primary    SFR      360   80.0
5000409184  DOUTHIT JR., DAVID       1240 CHERRY AVE            SAN JOSE     CA  95125 Primary    SFR      360   68.2
5000418607  FETMAN, GARRY            29424 WEEPING WILLOW DR    AGOURA HILL  CA  91301 Primary    PUD      360   40.2
5000418912  CONTI, EDGAR             1806 PORT TAGGART PL       NEWPORT BEA  CA  92660 Primary    PUD      360   69.2
5000448083  HOLMES, CHAD             5325 W PRINCETON DR        DENVER       CO  80235 Primary    SFR      360   90.0
5000449743  AUGUSTERFER, EUGENE      8104 RIDINGS CT            MCLEAN       VA  22102 Primary    SFR      360   53.1
5000452150  ULM, MICHAEL             235 LOCUST LANE            DENVER       CO  80220 Primary    SFR      360   75.0
5000452341  SCALI, TERRENCE          5705 TOWNSEND WINONA RD    FLAGSTAFF    AZ  86004 Secondary  SFR      360   80.0
5000465053  LYONS, DONALD            26280 NW WILLIAMS CANYON   GASTON       OR  97119 Primary    SFR      360   66.7
5000465111  WIRGES, CHRISTOPHE       3567 E BURNSIDE ST         PORTLAND     OR  97214 Primary    SFR      360   69.9
5000465780  HEYWOOD, ALFRED          760 N MILL RD              HEBER CITY   UT  84032 Primary    SFR      360   74.9
5000480235  LYNNE, TERRY             13215 GEORGE STREET        FARMERS BRA  TX  75234 Primary    SFR      360   68.4
62738763    SCHREINER, DONALD        1229 ROUND SWAMP ROAD      OLD BETHPAG  NY  11804 Primary    SFR      360   85.5
62933981    HOLLIS, RICHARD          9392 THORNHILL DR          CLARKSTON    MI  48348 Primary    SFR      341   80.0
63374331    HARMON, GARY             10658 CHILLINGHAM DR       LAS VEGAS    NV  89123 Primary    PUD      360   69.4
63604981    DESAI, SAMIR             78 ROCKY HILL RD           SOUTH BRUNS  NJ   8852 Primary    PUD      360   69.2
63605490    DIAMOND, GREGORY         1 RED BUD LANE             GREEN BROOK  NJ   8812 Primary    SFR      360   80.0
63609959    NAIR, KRISHNA            12 TEN BROEK CT            BRIDGEWATER  NJ   8807 Primary    SFR      360   85.0
63611252    YACHNIK, MICHAEL         1609 REVERE LANE           WALL TOWNSH  NJ   7719 Primary    SFR      360   75.5
64260488    FONDACARO, JACK          60 SAVO LOOP               STATEN ISLA  NY  10309 Primary    PUD      360   80.0
64262243    STEVENS, JERRY           334 SHORE ROAD             STATEN ISLA  NY  10307 Primary    SFR      360   65.3
64598209    CANNON, JR., THOMAS      1031 GLENDEVON DR          TOWNSHIP OF  PA  19002 Primary    PUD      360   88.8
64643221    BO-LINN, DR GEORGE       22 WINDWARD ROAD           BELVEDERE    CA  94920 Primary    SFR      360   50.0
64805255    MILLER, JEFFREY          17134 JEFFERSON AVE        LAKEVILLE    MN  55044 Primary    SFR      360   75.0
64874206    HALL, CARL               4466 KETTERING             LONG GROVE   IL  60047 Primary    SFR      360   41.0
64916731    SMITH, SCOTT             3411 CHEECHAKO DR          RENO         NV  89509 Primary    PUD      360   61.7
64918297    LOESER, GARY             23 DUNE ROAD               OCEAN        NJ   7712 Primary    SFR      360   74.0
64920437    KENEPP, GREG             9 CUSHING ROAD             BRIDGEWATER  NJ   8807 Primary    SFR      360   46.2
64921506    TAN, KERSHU              9 TROMBLEY DR              LIVINGSTON   NJ   7039 Primary    SFR      360   77.4
64922898    ANTONELLI, JOHN          24 VAIL TERRACE            BRANCHBURG   NJ   8876 Primary    SFR      360   73.8
64932117    BOND, JAYNE              7955 SW 191ST AVE          BEAVERTON    OR  97007 Primary    SFR      360   67.6
64967417    SCHEIPE, RICHARD         25 RED HILL COURT          MT. LAUREL   NJ   8054 Primary    PUD      360   80.0
64989364    CARPENTER, DEAN          37 RIDGEFIELD DR           SHOREHAM     NY  11786 Primary    SFR      360   79.4
64990290    WU, TZE-CHIEH            167 TOWN SQUARE DR         MT VIEW      CA  94043 Primary    PUD      360   79.9
64991784    HOLMES, JESS             1764 WARRINGTON DR         HENDERSON    NV  89012 Primary    PUD      360   80.0
65015797    KELLEY, ALAN             15305 182ND PL NE          WOODINVILLE  WA  98072 Primary    SFR      360   73.8
65023064    LABITA, JOSEPH           8 POILLON AVE              STATEN ISLA  NY  10312 Primary    SFR      360   73.0
65025717    HANKASH, MARLENE         1244 78TH ST               BROOKLYN     NY  11228 Primary    SFR      360   89.3
65026039    DESENA, JOSEPH           175 CLARKE AVE             STATEN ISLA  NY  10306 Primary    SFR      360   79.2
65277511    MALAKI, ALEN             1430 REDWOOD DR            LOS ALTOS    CA  94024 Primary    SFR      360   57.6
65300611    NIETO, STEVE             592 QUAIL RUN CIRCLE       TRACY        CA  95376 Primary    SFR      360   76.8
65300874    HARLAND, MICHAEL         26259 HILLTOP PL           CARMEL       CA  93923 Secondary  SFR      360   49.2
65308221    BULIK, ROBERT            423 42ND AVENUE S          MOORHEAD     MN  56560 Primary    SFR      360   80.0
65417780    TANIGUCHI, GERALD        7191 HAWAII KAI DR         HONOLULU     HI  96825 Primary    PUD      360   70.6
65422864    HOLT, JOHN               14 CORTLAND DR             HUDSON       MA   1749 Primary    SFR      360   70.1
65438451    KEYASHIAN, MAX           1457 MIRAMONTE AVE         LOS ALTOS    CA  94024 Primary    SFR      360   80.0
65443438    GARCIA, DAVID            668 GUADALUPE AVE          MILLBRAE     CA  94030 Primary    SFR      360   57.8
65446615    TORRES, DAVID            991 LA MESA DR             MENLO PARK   CA  94028 Primary    SFR      360   57.1
65451368    BEN-EZRA, JEFFREY        3 SARAH CT                 MARLBORO     NJ   7746 Primary    SFR      360   90.0
65454294    PARACHA, AZHAR           870 MEADOW PASS ROAD       WALNUT       CA  91789 Primary    SFR      360   52.2
65464907    DARE, JR., JAMES         3514 NORWAY PL             NORFOLK      VA  23509 Primary    PUD      360   72.7
65481003    BERRY, DAVID             27871 PLANTATION CT        TEHACHAPI    CA  93561 Secondary  PUD      360   90.0
65498267    VILORIA, BOBBY           85 HAMPSHIRE AVE           DALY CITY    CA  94015 Primary    SFR      360   73.0
65511859    CARLE, RONALD            902 W RIVER LANE           SANTA ANA    CA  92706 Primary    SFR      360   75.0
65585046    CHILVERS, CHARLES        59 GROVESIDE DR            ALISO VIEJO  CA  92656 Primary    PUD      360   80.0
65600401    DROHAN, DAVID            6 KING PHILIP PATH         HINGHAM      MA   2043 Primary    SFR      360   76.2
65616081    GOODSTADT, LEONARD       8560 E HUNTSWOOD WAY       TUCSON       AZ  85750 Primary    PUD      360   24.2
65655451    WELTS, KEITH             100 W HIGHLAND DR 400      SEATTLE      WA  98119 Primary    Condo    360   80.0
65704215    RANK, KURTIS             4970 DRUMMOND CIRCLE       UPPER SAUCO  PA  18034 Primary    SFR      360   84.8
65720849    WEFEL, GARY              10040 E HAPPY VALLEY ROAD  SCOTTSDALE   AZ  85255 Secondary  PUD      360   66.6
65735081    CHEN, CHIEN-CHEN         9309 ROBNEL PL             VIENNA       VA  22182 Primary    PUD      360   67.6
65744110    ALLRED, KELLY            1430 SANTIAGO              NEWPORT BEA  CA  92660 Primary    SFR      360   65.1
65747640    MARQUEZ, PAUL            3404 FRYMAN ROAD           STUDIO CITY  CA  91604 Primary    SFR      360   67.8
65747747    SNEDEKER, DAVID          10802 E 20TH ST            EDGEWOOD     WA  98372 Primary    SFR      300   68.5
65751736    SORENSEN, P.             560 MOUNTAIN AVE           PIEDMONT     CA  94611 Primary    SFR      360   37.2
65752562    DREVNO, MICHAEL          12970 CLAYMONT CT          SAN DIEGO    CA  92130 Primary    PUD      360   90.0
65754794    NGUYEN, THIEM            21465 HOLLY OAK DR         CUPERTINO    CA  95014 Primary    SFR      360   68.9
65759788    FOTI, ANTONIO            6 VIEW TERRACE             MILLBRAE     CA  94030 Primary    SFR      360   73.8
65773179    ANSLOW, BRYAN            1810 NANCY CIRCLE          THOUSAND OA  CA  91362 Primary    SFR      360   77.2
65794672    SANTORELLI, ANTHONY      68 PARK AVE                HARRISON     NY  10528 Primary    SFR      360   80.0
65794826    WALKER, MICHAEL          73 CRAWFORD RD             MIDDLETOWN   NJ   7748 Primary    SFR      360   77.1
65804104    PALANCA, ALBERTO         12809 CANTRECE ST          CERRITOS     CA  90703 Primary    SFR      360   75.0
65805020    SAADATNEJADI, HAMIDREZA  2734 CALLE AVENTURA        RANCHO PALO  CA  90275 Primary    SFR      360   62.7
65805551    PUCHE, SERGIO            716 SILVER VALLEY TRAIL    WALNUT       CA  91789 Primary    SFR      360   79.4
65805623    YAHNER, JACK             3843 BLUFF ST              TORRANCE     CA  90505 Primary    SFR      360   76.9
65809254    MEDVED, OLEG             22228 BELLEAU CT           CALABASAS    CA  91302 Primary    PUD      360   64.9
65809394    POWLEY, CURT             17788 MONTEZUMA CIRCLE     FOUNTAIN VA  CA  92708 Primary    SFR      360   80.0
65809432    LOUIS, EUGENE            15 WHITESANDS DR           NEWPORT COA  CA  92657 Primary    PUD      360   59.5
65809963    COLLINS, HUGH            31674 SEACOVE DR           LAGUNA BEAC  CA  92651 Primary    SFR      360   64.8
65823109    MERAGEAS, DIMITRIOS      1179 FAIRVIEW LANE         LONG GROVE   IL  60047 Primary    SFR      240   62.4
65824504    BLOUIN, DANIEL           3725 ARMOUR CT             WOODRIDGE    IL  60517 Primary    SFR      360   80.0
65826221    DIX, JOHN                843 LINCOLN                HINSDALE     IL  60521 Primary    SFR      360   35.2
65827503    SENNETT, DAVID           2875 PARKWOOD LANE         AURORA       IL  60504 Primary    SFR      360   73.3
65842707    GOOD, BRETT              768 LAKEMONT PL #6         SAN RAMON    CA  94583 Primary    Condo    360   80.0
65856058    REYES, ARTEMIO           5117 DISCOVERY AVE         SAN JOSE     CA  95111 Primary    SFR      360   95.0
65862783    HAZEN, EUGENE            5840 LA MORADA CT          SAN DIEGO    CA  92124 Primary    SFR      360   80.0
65868102    LAWRENCE, DONALD         15 ALBION ST               NEWTON       MA   2459 Primary    SFR      360   84.4
65868757    JOHNSON, MATTHEW         21 WINTHROP ST             CONCORD      MA   1742 Primary    SFR      360   80.0
65904753    RABINOVICH, IGOR         1092 TEMPERANCE LANE       TWP OF NORT  PA  18974 Primary    SFR      360   80.0
65906705    VALDEZ, JESUS            435 IRON HILL ST           PLEASANT HI  CA  94523 Primary    SFR      360   79.8
65915372    REESE, GAIL              4151 GRAACH CT             SAN JOSE     CA  95135 Primary    SFR      360   50.5
65917111    HENDERSON, MICHAEL       1912 BELLE AVE             SAN CARLOS   CA  94070 Primary    SFR      360   79.8
65918215    PETERSON, MICHAEL        1949 BRITTAN AVE           SAN CARLOS   CA  94070 Primary    SFR      300   75.0
65935071    ATHWAL, DAVINDER         2202 SHADOWRIDGE WAY       SAN JOSE     CA  95138 Primary    SFR      360   62.7
65939883    NAHAPETIAN, ARMEN        3304 DEER CREEK LANE       GLENDALE     CA  91208 Primary    SFR      360   65.7
65940130    BRAWER, STANLEY          1750 W 27TH ST             LOS ANGELES  CA  90732 Primary    SFR      360   95.0
65940270    ROSSIGNOL, RICHARD       3462 ROBIN HILL ST         THOUSAND OA  CA  91360 Primary    SFR      360   79.8
65940393    BOUCHER, RICHARD         1757 10TH ST               MANHATTAN B  CA  90266 Primary    SFR      360   68.9
65948246    GUILFOYLE, ROBERT        739 JUANITA AVE            SANTA BARBA  CA  93109 Primary    SFR      360   75.0
65949072    SU, ZHONGBIN             34 WHISPERING PINE         IRVINE       CA  92620 Primary    PUD      360   54.0
65952006    CHAO, KEVIN              25821 CEDARBLUFF TERRACE   LAGUNA HILL  CA  92653 Primary    PUD      360   66.6
65952146    YETO, PATRICK            2410 NORMANDY CIRCLE       LIVERMOORE   CA  94550 Primary    SFR      360   67.5
65952359    KIRKPATRICK, WILLIAM     2 HILLSIDE LANE            IRVINE       CA  92620 Primary    PUD      360   64.5
65955650    MONTES, SNTONIO          231 DENNIS DR              DALY CITY    CA  94015 Primary    SFR      360   68.7
65962559    MAHL, STEVEN             962 DELBERT WAY            SAN JOSE     CA  95126 Primary    SFR      360   71.9
65964471    TSANG, SIU KEUN          14689 SOBEY OAKS CT        SARATOGA     CA  95070 Primary    SFR      360   22.2
65965027    SZETO, JOHNNY            43 CLIFFSIDE DR            DALY CITY    CA  94015 Primary    SFR      360   80.0
65967984    NASSIRZADEH, SHAHRIAR    1277 S BEVERLY GLEN BLVD   LOS ANGELES  CA  90024 Primary    Condo    360   80.0
65973151    FRICK, G.                18393 LOCKSLEY ST          SAN DIEGO    CA  92128 Primary    PUD      360   85.0
65974981    MURALI, RAMASWAMY        11723 SPRINGSIDE RD        SAN DIEGO    CA  92128 Primary    PUD      360   85.0
65989333    HALL, NOEL               14211 HALF MOON BAY DR     SAN DIEGO (  CA  92014 Primary    SFR      360   49.9
66009341    CONRAD, JANICE           411 LAFAYETTE ST           SALEM        MA   1970 Primary    SFR      360   57.6
66030528    SUTTON, JAMES            55 BLUE LAKES GRADE        JEROME       ID  83338 Primary    SFR      360   51.5
66033489    GIOVANNINI, ANDREW       5901 CAMINO TASSAJARA      SAN RAMON    CA  94583 Primary    SFR      360   70.0
66038430    FIGONE, GEORGE           1790 ADAMS ST              SAN MATEO    CA  94403 Investor   SFR      360   63.1
66049440    RACHMELER, KIMBERLY      954 20TH AVENUE EAST       SEATTLE      WA  98112 Primary    SFR      360   60.6
66058449    YAMASHITA, ARIAKI        1349 VIA ZUMAYA            PALOS VERDE  CA  90274 Primary    SFR      360   31.4
66092132    BORDEN IV, SPENCER       278 HUNTERS RIDGE RD       CONCORD      MA   1742 Primary    SFR      360   47.9
66105323    BOZAN, RICHARD           3462 N KASHMIR CIRCLE      MESA         AZ  85215 Primary    PUD      360   95.0
66125103    SIMONTON, TEAK           287 CASTLE PEAK RD         EAGLE        CO  81631 Primary    PUD      360   66.7
66147786    MATALON, ROY             3701 EUREKA DR             LOS ANGELES  CA  91604 Primary    SFR      360   68.9
66166951    ROMAN, JOEL              4851 POE AVE               WOODLAND HI  CA  91364 Primary    SFR      360   75.0
66172837    GONZALEZ, RENE           15 GREENFIELD DR           PLAISTOW     NH   3865 Primary    SFR      360   95.0
66206502    MURRAY, PETER            13 BRENNAN AVE             WALTHAM      MA   2154 Primary    SFR      360   90.0
66207151    THOMPSON, MICHAEL        185 POND ST                HOPKINTON    MA   1748 Primary    SFR      360   76.2
66207169    EDDY, WAYNE              174 LUMBER ST              HOPKINTON    MA   1748 Primary    SFR      360   80.0
66208998    SCHILMEISTER, LAWRENCE   414 WALTHAM ST             WEST NEWTON  MA   2465 Primary    SFR      360   56.5
66209960    SHPAK, JERRY             2 PEABODY CT               CONCORD      MA   1742 Primary    SFR      360   84.3
66210127    ESTEY, DAVID             194 LINCOLN ST             EASTON       MA   2356 Primary    SFR      360   78.4
66211069    GULLANS, STEPHEN         27B WOODLAND ST            NATICK       MA   1760 Primary    SFR      360   70.6
66212421    OSHER, JUDITH            250 E EMERSON RD           LEXINGTON    MA   2173 Primary    SFR      360   75.0
66212430    KINET, JEAN-PIERR        3 HUNT RD                  LEXINGTON    MA   2173 Primary    SFR      360   78.8
66221374    PALMER, MICHAEL          145 W CONCORD ST # 3       BOSTON       MA   2118 Primary    Condo    360   68.5
66239605    PETERSON, LAURENCE       1732 DOUBLE ARCH CT        LAS VEGAS    NV  89128 Primary    PUD      360   84.5
66257051    WITT, PHILIP             7911 PARK RD               CHARLOTTE    NC  28210 Primary    SFR      360   80.0
66284163    SCHERR, JUDITH           328 ANDOVER ST #1          SAN FRANCIS  CA  94110 Primary    Condo    360   74.4
66289076    TRAN, KIM                2219 OCEANSIDE WAY         SAN LEANDRO  CA  94579 Primary    PUD      360   85.0
66291500    BITLER, STEVEN           444 UNIVERSITY DR          MENLO PARK   CA  94025 Primary    SFR      300   50.0
66293740    ORFILA, GLENN            505 AVENIDA OSSA           SAN CLEMENT  CA  92672 Primary    PUD      360   78.7
66294975    CHEN, ZHENG              889 CALLE LA PRIMAVERA     GLENDALE     CA  91208 Primary    SFR      360   67.8
66301319    LEFEVRE, RICHARD         580 IMPERIAL DR            EDWARDS      CO  81632 Primary    PUD      360   72.7
66306281    TOKARCHUK, PETER         3135 HILLSIDE DR           BURLINGAME   CA  94010 Primary    SFR      360   80.0
66307023    FELDMAN, RICHARD         10493 MIRA VISTA AVE       CUPERTINO    CA  95014 Primary    SFR      360   52.2
66314534    CALSADILLO, ALEXANDER    8211 W ROBIN LANE          PEORIA       AZ  85382 Primary    PUD      360   95.0
66314950    PENDLETON, PATRICK       16728 N 111TH ST           SCOTTSDALE   AZ  85259 Primary    PUD      360   90.0
66315107    BIALICK, RICHARD         11692 WILLS CREEK RD       SAN DIEGO    CA  92131 Primary    PUD      360   79.0
66317371    JONES, J                 12915 ELMFIELD LANE        POWAY        CA  92064 Primary    SFR      360   86.3
66317835    LE, TOAN                 11877 STONEGATE WAY        LA(NORTHRID  CA  91326 Primary    PUD      360   80.0
66323681    KLEIN, JEAN-CHRIS        4745 LA PINTA WAY          SAN JOSE     CA  95129 Primary    PUD      360   80.0
66336716    SULT, THOMAS             8154 187TH AVE NE          NEW LONDON   MN  56273 Primary    SFR      360   78.7
66360781    WERSCHLER JR, WILLIAM    428 W HIGH DR              SPOKANE      WA  99203 Primary    SFR      360   80.0
66361842    TRACY, PATRICK           3335 217TH PL NE           REDMOND      WA  98053 Primary    SFR      360   80.0
66362148    STOODY, GLENN            1627 8TH AVE W             SEATTLE      WA  98119 Primary    SFR      360   80.0
66370655    CHENETTE, JOHN           3521 KIRKRIDGE ST          SANTA ROSA   CA  95409 Primary    PUD      360   80.0
66376815    WALTZE, JAMES            1853 KINGLET CT            COSTA MESA   CA  92626 Primary    SFR      360   76.6
66380294    FUHRMANN, AMIR           2840 CONCORD LANE          SANTA CLARA  CA  95051 Primary    SFR      360   80.0
66380324    BECK, HUGUES             1285 SYLVAN ROAD           MONTEREY     CA  93940 Primary    SFR      360   79.1
66381495    MORA, JAIME              300 BERMUDA LANE           VALLEJO      CA  94591 Primary    SFR      360   90.0
66383170    ROWLAND, SUZAN           116 VIA SERENA             ALAMO        CA  94507 Primary    SFR      360   62.3
66383480    HOPKINS, DEAN            3321 MAGIC MORGAN TRAIL    COOL         CA  95614 Primary    SFR      360   60.0
66390176    HODGE, CLYDE             492 IRVING CT              TIBURON      CA  94920 Primary    SFR      360   80.0
66395763    SCHILPP, FRED            16 PILGRIM'S PATH          NORTH TRURO  MA   2652 Secondary  SFR      360   57.3
66396255    CURRY, SEAN              580 JERUSALEM ROAD         COHASSET     MA   2025 Primary    SFR      360   53.3
66396450    MURRAY, CYNTHIA          30 HERSEY ST               HINGHAM      MA   2043 Primary    SFR      360   80.0
66426332    FENTRESS, JOHN           1301 ALEXANDRA COURT       COLLEYVILLE  TX  76034 Primary    SFR      360   73.2
66426367    VISSER, MITCH            3950 COTTONWOOD LANE       ROSWELL      NM  88201 Primary    SFR      360   77.0
66429919    LOPEZ, ROBERT            3633 BARBARA ST            LOS ANGELES  CA  90731 Primary    SFR      360   79.1
66435765    GUO, TZONG               2909 N WESTON ST           ORANGE       CA  92667 Primary    PUD      360   74.9
66442214    OLSSON, STEVEN           832 NEW MORNING ROAD       CAMANO ISLA  WA  98292 Primary    PUD      360   79.8
66442974    BOWERS, DAVID            17826 NE 100TH CT          REDMOND      WA  98052 Primary    SFR      360   70.3
66451728    DENISON II, SCOTT        1623 NOTRE DAME AVE        BELMONT      CA  94002 Primary    SFR      360   80.0
66504741    BOTTCHER, MARGARET       324 N CATALINA AVE #2      REDONDO BEA  CA  90277 Primary    Condo    360   89.9
66506590    HAGEN, MARK              28570 HASKELL CANYON RD    SANTA CLARI  CA  91350 Primary    SFR      360   78.7
66506808    ROBERTS, ROGER           51 GINGHAM ST              COTO DE CAZ  CA  92679 Primary    PUD      360   77.9
66509815    RAHAMIM, GUY             13025 ARBORWALK LANE       TUSTIN       CA  92782 Primary    PUD      360   90.0
66537975    SHELBY, CYNTHIA          930 HARBORVIEW DR          MARTINEZ     CA  94553 Primary    SFR      360   79.4
66556597    SMITH, STEPHEN           18409 OLD RIVER ROAD       LAKE OSWEGO  OR  97034 Primary    SFR      360   69.6
66558361    ALLRED, JOEL             416 S MARYFIELD DR         SALT LAKE C  UT  84108 Primary    PUD      360   35.0
66565154    WAGGENER, RONALD         1008 DANVILLE BLVD         ALAMO        CA  94507 Primary    SFR      360   80.0
66586861    MCGEE, EDWARD            4921 E CALLE DEL NORTE     PHOENIX      AZ  85018 Primary    SFR      360   70.0
66590019    GARRIGUES, WILLIAM       18675 LA VENTANA RD        MURRIETA     CA  92562 Primary    SFR      360   68.9
66590990    REED, CHARLES            3510 FAIRMONT BLVD         YORBA LINDA  CA  92886 Primary    SFR      360   74.1
66592275    PALMISANO, SAMUEL        1615 RUCKER AVE            GILROY       CA  95020 Primary    SFR      240   66.1
66603277    BIEN, DANIEL             20588 NE 33RD CT           REDMOND      WA  98053 Primary    PUD      360   55.0
66619262    SAUNDERS, JR, WALTER     3110 PROVO CT              SAN JOSE     CA  95127 Primary    SFR      360   66.7
66620660    BEATTY, DAVID            826 CARMEL AVE             LOS ALTOS    CA  94022 Primary    SFR      360   42.9
66623251    FIT, JOZEFA              110 OAK LANE               GLENWOOD SP  CO  81601 Primary    PUD      360   76.7
66623898    LOY, CHARLES             16620 N 111TH ST           SCOTTSDALE   AZ  85259 Primary    PUD      360   78.9
66624649    MCGAUGHY, BRUCE          240 YERBA BUENA PL         FREMONT      CA  94536 Primary    SFR      360   80.0
66624665    COGSWELL, DOUGLASS       21 CHAPARRAL RD            EDWARDS      CO  81632 Primary    PUD      360   52.8
66627737    HANNA, J.                1237 MOANA DR              SAN DIEGO    CA  92107 Primary    SFR      360   75.0
66629454    GONZALEZ-RUBIO, ADOLFO   6 SIXPENCE WAY             CORONADO     CA  92118 Primary    PUD      360   28.6
66644691    MCCAFFERY, RICHARD       15250 SEADRIFT AVE         CASPAR       CA  95420 Primary    SFR      360   77.6
66646316    GOLDENBERG, ANDREA       2421 CROYDON ROAD          CHARLOTTE    NC  28209 Primary    SFR      360   71.2
66647827    HOLLANDER, MICHAEL       2314 HARRIMAN LANE A       REDONDO BEA  CA  90278 Primary    Condo    360   67.2
66648769    BARRETT, DIANE           14 CRESKILL PL             HUNTINGTON   NY  11743 Primary    SFR      360   76.8
66651221    HAFNER, GLENN            1300 LITCHFIELD COURT      VIRGINIA BE  VA  23452 Primary    SFR      360   80.0
66663822    ZBOROWSKI, RICHARD       16 MEADOW WOOD DR          COTO DE CAZ  CA  92679 Primary    PUD      360   73.7
66664101    VASSILEV, VASSIL         12452 CARMEL POINTE        SAN DIEGO    CA  92130 Primary    SFR      360   90.0
66676878    CHAN, KATHY              20635 LARKSTONE DR         DIAMOND BAR  CA  91789 Primary    SFR      360   79.8
66680107    DEIGERT, MICHAEL         22679 CANYON RIDGE PL      CASTRO VALL  CA  94552 Primary    PUD      360   75.0
66682525    ARELLANO, VICENTE        364-B N WHISMAN RD         MOUNTAIN VI  CA  94043 Primary    PUD      360   52.6
66687209    BOUSTEAD, ROBERT         2851 NW 94TH ST            SEATTLE      WA  98117 Primary    SFR      360   90.0
66729611    BAREWALD, DAVID          23661 VIA SAN GIL          MISSION VIE  CA  92691 Primary    PUD      360   92.3
66738458    SWANSON, STEVEN          6534 PEMBRIDGE HILL 123    WEST BLOOMF  MI  48322 Primary    PUD      360   78.9
66739209    DEAR, JAMES              21 STILLMAN ST #2          SAN FRANCIS  CA  94107 Primary    Condo    360   69.3
66739713    ADLER, STANLEY           335 MAGEE AVE              MILL VALLEY  CA  94941 Primary    SFR      360   50.4
66739845    REED, DAVID              175 GREEN VALLEY RD        SCOTTS VALL  CA  95066 Primary    SFR      360   70.0
66741734    CARROLL, MICHAEL         17105 SONOMA HWY           SONOMA       CA  95476 Secondary  SFR      360   65.2
66748542    DAHLSTROM, RICHARD       437 EASTWOOD SHORES        TRAVERSE CI  MI  49684 Primary    SFR      360   66.7
66751004    SMORCH, MICHAEL          1435 CAMBRIDGE RD          LANSING      MI  48911 Primary    SFR      360   75.0
66751608    SIEGEL, MITCHELL         163 DUNCAN WAY             OAKLAND      CA  94611 Primary    SFR      360   80.0
66751781    AHMADI, ROBERT           210 GREAT CIRCLE DR        MILL VALLEY  CA  94941 Primary    SFR      360   64.4
66751799    FURKA, JOHN              45565 BRIDGEPORT DR        FREMONT      CA  94539 Primary    SFR      360   64.0
66751802    ITO, DOUGLAS             831 JANSEN AVE             SAN JOSE     CA  95125 Primary    SFR      360   80.0
66751918    KLABUNDE, PETER          221 PALM DR                PIEDMONT     CA  94610 Primary    SFR      360   80.0
66751977    LEE, CHII                746 SOLSTICE CT            FREMONT      CA  94539 Primary    SFR      360   67.4
66752027    MCGEE, NORA              2931-A FILLMORE ST         SAN FRANCIS  CA  94123 Primary    Condo    360   42.2
66752400    CHIN, GILMORE            18620 STARRETT CT          CUPERTINO    CA  95014 Primary    SFR      360   70.0
66752523    WISHART, KENNETH         363 SEA WOLF WAY           LIVERMORE    CA  94550 Primary    SFR      360   80.0
66805643    YU, GANG                 7148 VALBURN DR            AUSTIN       TX  78731 Primary    SFR      360   73.4
66805902    STAPLETON, MICHAEL       RT 1 196 LOOP ROAD         BRENHAM      TX  77833 Primary    SFR      360   80.0
66831831    BENNETT, THOMAS          1900 ROSECREST DR          OAKLAND      CA  94602 Primary    SFR      360   73.2
66832225    PARK, SEUJEUNG           7890 FIESTA LANE           CUPERTINO    CA  95014 Primary    SFR      360   74.6
66835763    MULLANEY, PAUL           35 BRENTWOOD ROAD          WOBURN       MA   1801 Primary    SFR      360   90.0
66840562    LEWIS, HARRY             2 BLACK TAIL LANE          MONTEREY     CA  93940 Primary    SFR      360   63.6
66840830    GARNER, DELTON           791 PARK WAY               SO. SAN FRA  CA  94080 Primary    SFR      360   80.0
66841348    MOEUR, WILLIAM           22383 CRESTON DR           LOS ALTOS    CA  94024 Primary    SFR      360   80.0
66841429    KELLY, RICHARD           205 PUFFIN CT              FOSTER CITY  CA  94404 Primary    SFR      360   75.0
66842018    TUCKETT, GARY            2105 CLARICE LANE          BURLINGAME   CA  94010 Primary    SFR      240   52.6
66842671    LEININGER, KEVIN         3777 NEWTON WAY            PLEASANTON   CA  94588 Primary    SFR      360   74.8
66848059    SMITH, ROBERT            80075 MERION               LA QUINTA    CA  92253 Secondary  Condo    360   58.1
66849047    HUNTER, JOSEPH           804 BALBOA STREET & 595-   SAN FRANCIS  CA  94118 Primary    2-Family 360   70.1
66849357    YTURRI, PAUL             1036 DOLORES DR            LAFAYETTE    CA  94549 Primary    SFR      360   56.3
66849667    LOCKE, DENISE            6815 - 6817 CALIFORNIA ST  SAN FRANCIS  CA  94121 Primary    2-Family 360   74.4
66850002    GUINN, ROBERT            190 O'SHAUGHNESSY BLVD     SAN FRANCIS  CA  94127 Primary    SFR      360   80.0
66850975    APP, HARALD              2000 14TH AVE              SAN FRANCIS  CA  94116 Primary    SFR      360   90.0

                                                        [Enlarge/Download Table]

Loan #      Rate   First                                                         Sch                              
                   Pay Dat  Mat Dt    PANDI   Sch PTD  Orig Bal  Act Balance    Balance  Purp      Doc   Appraisal
                                                                                                                  
20031936     7.25   2/1/99   1/1/22   677.16   3/1/99    90823     90684.00     90555.33 PURCH     FULL   111000  
20033221     7.25   2/1/99   1/1/22  1000.45   3/1/99   134184    133269.00    133073.73 PURCH     FULL   200000  
20430625        8  10/1/98   2/1/25  1745.66   3/1/99   229985    227113.00    226882.23 PURCH     FULL   322000  
21417806    7.875   3/1/99  11/1/26  2045.03   3/1/99   276332    276332.00    276100.83 PURCH     FULL   298000  
21567085      7.5   1/1/99   9/1/26  1811.67   3/1/99   253463    253007.00    252777.05 PURCH     FULL   510000  
21603499    7.875   2/1/99   8/1/26  1672.73   3/1/99   225645    225453.00    225260.78 PURCH     FULL   290000  
21609411    7.875   3/1/99  10/1/26  2160.79   3/1/99   291729    291729.00    291483.59 R/T REFI  FULL   390000  
5000015015   7.25   3/1/99   2/1/29  2578.63   3/1/99   378000    378000.00    377705.12 R/T REFI  FULL   504000  
5000025543   7.25   4/1/99   3/1/29  1821.42   3/1/99   267000    267000.00       267000 R/T REFI  FULL   360000  
5000026061  6.875   4/1/99   3/1/29  1839.41   3/1/99   280000    280000.00       280000 R/T REFI  RAPD   361000  
5000041128      7   4/1/99   3/1/29  1856.86   3/1/99   279100    279100.00       279100 C/O REFI  FULL   425000  
5000263037  7.375   4/1/99   3/1/29  2013.84   3/1/99   291575    291575.00       291575 PURCH     FULL   324000  
5000288174    6.5   4/1/99   3/1/29  1566.52   3/1/99   247840    247840.00       247840 PURCH     RAPD   310000  
5000348432      7   4/1/99   3/1/29  2262.03   3/1/99   340000    340000.00       340000 R/T REFI  RAPD   512000  
5000400068    6.5   3/1/99   2/1/29  1921.18   3/1/99   303950    303950.00    303675.22 PURCH     RAPD   380000  
5000400654  7.125   4/1/99   3/1/29  3584.19   3/1/99   532000    532000.00       532000 PURCH     FULL   665000  
5000403294   6.75   4/1/99   3/1/29  2589.21   3/1/99   399200    399200.00       399200 PURCH     RAPD   499000  
5000409184   6.75   4/1/99   3/1/29  2610.61   3/1/99   402500    402500.00       402500 C/O REFI  RAPD   590000  
5000418607  7.375   4/1/99   3/1/29  2030.59   3/1/99   294000    294000.00       294000 R/T REFI  RAPD   732000  
5000418912   7.25   3/1/99   2/1/29  2667.31   3/1/99   391000    391000.00    390694.98 R/T REFI  RAPD   565000  
5000448083  6.875   4/1/99   3/1/29  1773.71   3/1/99   270000    270000.00       270000 PURCH     FULL   308000  
5000449743      7   4/1/99   3/1/29  2561.42   3/1/99   385000    385000.00       385000 R/T REFI  FULL   725000  
5000452150  6.875   4/1/99   3/1/29  1896.89   3/1/99   288750    288750.00       288750 C/O REFI  RAPD   385000  
5000452341      7   4/1/99   3/1/29  2288.65   3/1/99   344000    344000.00       344000 PURCH     RAPD   475000  
5000465053  6.625   3/1/99   2/1/29  1920.94   3/1/99   300000    300000.00    299735.31 C/O REFI  RAPD   450000  
5000465111      7   3/1/99   2/1/29  1929.38   3/1/99   290000    290000.00    289762.29 C/O REFI  FULL   415000  
5000465780  7.375   4/1/99   3/1/29  2251.61   3/1/99   326000    326000.00       326000 C/O REFI  RAPD   435000  
5000480235  6.875   4/1/99   3/1/29  1708.02   3/1/99   260000    260000.00       260000 PURCH     RAPD   380000  
62738763    6.875   4/1/99   3/1/29  1543.79   3/1/99   235000    235000.00    235000.00 PURCH     FULL   275000  
62933981        8   4/1/99   8/1/27  2772.23   3/1/99   372692    372692.00    372692.68 PURCH     FULL   475000  
63374331    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    239798.00    239798.37 PURCH     RAPD   346000  
63604981      6.5   3/1/99   2/1/29  1485.37   3/1/99   235000    235000.00    234787.55 PURCH     RAPD   340000  
63605490     7.25   3/1/99   2/1/29  1815.96   3/1/99   266200    266200.00    265992.33 PURCH     RAPD   340000  
63609959    7.375   3/1/99   2/1/29   1825.8   3/1/99   264350    264350.00    264148.85 PURCH     FULL   311000  
63611252    6.625   3/1/99   2/1/29  1504.74   3/1/99   235000    235000.00    234792.66 PURCH     RAPD   316000  
64260488    7.375   3/1/99   2/1/29  2072.03   3/1/99   300000    299771.00    299771.72 PURCH     FULL   375000  
64262243    6.625   4/1/99   3/1/29  1504.74   3/1/99   235000    235000.00    235000.00 PURCH     RAPD   361000  
64598209        7   4/1/99   3/1/29  1594.74   3/1/99   239700    239700.00    239700.00 R/T REFI  FULL   270000  
64643221    6.875  11/1/98  10/1/28  5255.44   3/1/99   800000    797288.00    796600.74 PURCH     FULL  1600000  
64805255     6.75   3/1/99   2/1/29     1508   3/1/99   232500    232500.00    232299.81 C/O REFI  RAPD   310000  
64874206    7.375   3/1/99   2/1/29   2762.7   3/1/99   400000    400000.00    399695.63 PURCH     RAPD   975000  
64916731      7.5   3/1/99   2/1/29  2272.45   3/1/99   325000    325000.00    324758.80 R/T REFI  FULL   527000  
64918297    6.375   3/1/99   2/1/29  1444.89   3/1/99   231600    231600.00    231385.49 PURCH     RAPD   320000  
64920437    6.875   3/1/99   2/1/29  1970.79   3/1/99   300000    299747.00    299747.96 PURCH     RAPD   665000  
64921506     6.75   3/1/99   2/1/29  1556.64   3/1/99   240000    240000.00    239793.36 PURCH     RAPD   338000  
64922898    6.875   4/1/99   3/1/29  1576.63   3/1/99   240000    240000.00    240000.00 PURCH     RAPD   328000  
64932117    6.625   3/1/99   2/1/29  1872.91   3/1/99   292500    292500.00    292241.93 R/T REFI  FULL   433000  
64967417     6.75   3/1/99   2/1/29   1511.5   3/1/99   233041    233041.00    232840.36 PURCH     FULL   300000  
64989364    7.375   3/1/99   2/1/29   1933.9   3/1/99   280000    279786.00    279786.93 PURCH     FULL   357000  
64990290    7.125   3/1/99   2/1/29   3219.7   3/1/99   477900    477900.00    477517.83 PURCH     RAPD   598000  
64991784     6.75   4/1/99   3/1/29  1538.16   3/1/99   237150    237150.00    237150.00 PURCH     RAPD   297000  
65015797        7   4/1/99   3/1/29  1596.73   3/1/99   240000    240000.00    240000.00 R/T REFI  FULL   325000  
65023064        7   3/1/99   2/1/29  1796.32   3/1/99   270000    270000.00    269778.68 R/T REFI  FULL   370000  
65025717      7.5   3/1/99   2/1/29  1748.04   3/1/99   250000    250000.00    249814.46 PURCH     FULL   280000  
65026039        7   4/1/99   3/1/29  2528.15   3/1/99   380000    380000.00    380000.00 PURCH     RAPD   485000  
65277511        7   3/1/99   2/1/29  3259.99   3/1/99   490000    490000.00    489598.34 C/O REFI  FULL   850000  
65300611    6.625   4/1/99   3/1/29  1536.75   3/1/99   240000    240000.00    240000.00 PURCH     FULL   312500  
65300874     7.25   3/1/99   2/1/29  2298.94   3/1/99   337000    337000.00    336737.10 R/T REFI  FULL   685000  
65308221    6.625   3/1/99   2/1/29  1485.53   3/1/99   232000    232000.00    231795.30 PURCH     RAPD   290000  
65417780    6.375   3/1/99   2/1/29  2245.94   3/1/99   360000    360000.00    359666.56 C/O REFI  FULL   510000  
65422864    6.375   3/1/99   2/1/29  1497.29   3/1/99   240000    240000.00    239777.71 PURCH     FULL   345000  
65438451    7.375   3/1/99   2/1/29  3121.86   3/1/99   452000    451656.00    451656.06 PURCH     FULL   565000  
65443438        7   3/1/99   2/1/29  1596.73   3/1/99   240000    240000.00    239803.27 R/T REFI  FULL   415000  
65446615      7.5   3/1/99   2/1/29  2796.86   3/1/99   400000    400000.00    399703.14 PURCH     FULL   750000  
65451368    7.375   3/1/99   2/1/29  2206.71   3/1/99   319500    319500.00    319256.88 PURCH     FULL   355000  
65454294     7.25   3/1/99   2/1/29  3827.01   3/1/99   561000    561000.00    560562.37 R/T REFI  FULL  1075000  
65464907    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    240000.00    239798.37 PURCH     RAPD   332500  
65481003      7.5   2/1/99   1/1/29  1837.54   3/1/99   262800    262604.00    262408.70 R/T REFI  FULL   292000  
65498267    6.375   3/1/99   2/1/29   1466.1   3/1/99   235000    235000.00    234782.34 R/T REFI  FULL   322000  
65511859     7.25   3/1/99   2/1/29  1586.06   3/1/99   232500    232318.00    232318.63 C/O REFI  FULL   310000  
65585046        7   2/1/99   1/1/29  2809.24   3/1/99   422250    421903.00    421555.75 PURCH     RAPD   528000  
65600401     7.25   4/1/99   3/1/29  2728.71   3/1/99   400000    400000.00    400000.00 R/T REFI  FULL   525000  
65616081        7   3/1/99   2/1/29  1596.73   3/1/99   240000    240000.00    239803.27 C/O REFI  FULL   990000  
65655451     7.25   3/1/99   2/1/29  2992.32   3/1/99   438642    438642.00    438299.81 PURCH     RAPD   548303  
65704215    7.375   3/1/99   2/1/29  1768.13   3/1/99   256000    256000.00    255805.20 R/T REFI  RAPD   302000  
65720849     7.25   3/1/99   2/1/29  2339.86   3/1/99   343000    343000.00    342732.43 R/T REFI  RAPD   515000  
65735081      6.5   3/1/99   2/1/29  1516.97   3/1/99   240000    239783.00    239783.03 PURCH     FULL   355000  
65744110    6.625   3/1/99   2/1/29  2433.19   3/1/99   380000    380000.00    379664.73 PURCH     RAPD   585000  
65747640    7.125   4/1/99   3/1/29  2856.57   3/1/99   424000    424000.00    424000.00 R/T REFI  RAPD   625000  
65747747     7.75   3/1/99   2/1/24  1888.33   3/1/99   250000    250000.00    249726.25 C/O REFI  RAPD   365000  
65751736    6.375   3/1/99   2/1/29  1497.29   3/1/99   240000    240000.00    239777.71 PURCH     RAPD   645000  
65752562      6.5   3/1/99   2/1/29  2429.04   3/1/99   384300    384300.00    383952.59 PURCH     RAPD   435000  
65754794    7.375   3/1/99   2/1/29  2520.97   3/1/99   365000    365000.00    364722.26 R/T REFI  RAPD   530000  
65759788    7.375   3/1/99   2/1/29  3695.12   3/1/99   535000    535000.00    534592.90 R/T REFI  FULL   725000  
65773179    6.375   3/1/99   2/1/29  1453.62   3/1/99   233000    233000.00    232784.19 R/T REFI  FULL   302000  
65794672    7.625   4/1/99   3/1/29  1981.83   3/1/99   280000    280000.00    280000.00 PURCH     FULL   350000  
65794826    6.875   3/1/99   2/1/29  1773.71   3/1/99   270000    270000.00    269773.17 R/T REFI  RAPD   350000  
65804104     7.25   3/1/99   2/1/29  1893.04   3/1/99   277500    277283.00    277283.52 C/O REFI  RAPD   370000  
65805020    7.125   4/1/99   3/1/29  2132.32   3/1/99   316500    316500.00    316500.00 R/T REFI  RAPD   505000  
65805551    7.375   3/1/99   2/1/29  2520.97   3/1/99   365000    365000.00    364722.26 R/T REFI  FULL   459500  
65805623      7.5   3/1/99   2/1/29   2322.8   3/1/99   332200    332200.00    331953.45 R/T REFI  RAPD   432000  
65809254     7.25   3/1/99   2/1/29  2810.57   3/1/99   412000    412000.00    411678.60 R/T REFI  RAPD   635000  
65809394    7.625   3/1/99   2/1/29  1896.89   3/1/99   268000    268000.00    267806.03 R/T REFI  RAPD   335000  
65809432    7.625   3/1/99   2/1/29  3892.87   3/1/99   550000    550000.00    549601.92 C/O REFI  RAPD   925000  
65809963    7.125   3/1/99   2/1/29  1744.94   3/1/99   259000    258792.00    258792.87 PURCH     RAPD   406000  
65823109        7   3/1/99   2/1/19  2636.02   3/1/99   340000    340000.00    339347.31 R/T REFI  FULL   545000  
65824504    7.875   3/1/99   2/1/29  2465.24   3/1/99   340000    339766.00    339766.01 R/T REFI  RAPD   425000  
65826221    7.125   3/1/99   2/1/29  2657.82   3/1/99   394500    394500.00    394184.52 R/T REFI  RAPD  1120000  
65827503     7.75   3/1/99   2/1/29  3940.27   3/1/99   550000    550000.00    549611.81 R/T REFI  RAPD   750000  
65842707    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    240000.00    239798.37 R/T REFI  RAPD   300000  
65856058      6.5   3/1/99   2/1/29  1495.16   3/1/99   236550    236336.00    236336.15 PURCH     FULL   249000  
65862783    7.125   3/1/99   2/1/29  1563.03   3/1/99   232000    231850.00    231663.98 R/T REFI  FULL   290000  
65868102     7.25   3/1/99   2/1/29  2592.27   3/1/99   380000    380000.00    379703.56 PURCH     RAPD   450000  
65868757    7.125   3/1/99   2/1/29  2037.33   3/1/99   302400    302400.00    302158.17 R/T REFI  RAPD   378000  
65904753     7.25   3/1/99   2/1/29  1991.96   3/1/99   292000    292000.00    291772.21 PURCH     RAPD   365000  
65906705     6.75   3/1/99   2/1/29  2366.09   3/1/99   364800    364800.00    364485.91 PURCH     RAPD   458000  
65915372      6.5   3/1/99   2/1/29  1453.76   3/1/99   230000    230000.00    229792.07 R/T REFI  FULL   455000  
65917111     7.25   4/1/99   3/1/29   2285.3   3/1/99   335000    335000.00    335000.00 PURCH     RAPD   420000  
65918215      7.5   3/1/99   2/1/24  2161.55   3/1/99   292500    292500.00    292166.58 C/O REFI  RAPD   390000  
65935071        7   3/1/99   2/1/29  3326.52   3/1/99   500000    500000.00    499590.15 PURCH     RAPD   797950  
65939883    7.125   4/1/99   3/1/29   2735.3   3/1/99   406000    406000.00    406000.00 R/T REFI  RAPD   618000  
65940130    7.125   3/1/99   2/1/29  2016.11   3/1/99   299250    299250.00    299010.69 PURCH     FULL   315000  
65940270    6.875   3/1/99   2/1/29  1731.01   3/1/99   263500    263500.00    263278.63 R/T REFI  RAPD   330000  
65940393    7.125   3/1/99   2/1/29   3132.8   3/1/99   465000    464628.00    464628.14 R/T REFI  RAPD   675000  
65948246     7.75   4/1/99   3/1/29  2149.24   3/1/99   300000    300000.00    300000.00 R/T REFI  RAPD   400000  
65949072        7   3/1/99   2/1/29  1796.32   3/1/99   270000    269778.00    269778.68 C/O REFI  RAPD   500000  
65952006     7.25   4/1/99   3/1/29  2612.74   3/1/99   383000    383000.00    383000.00 R/T REFI  RAPD   575000  
65952146    7.125   4/1/99   3/1/29  2615.38   3/1/99   388200    388200.00    388200.00 R/T REFI  RAPD   575000  
65952359    7.125   4/1/99   3/1/29  2896.99   3/1/99   430000    430000.00    430000.00 R/T REFI  FULL   667000  
65955650        7   3/1/99   2/1/29   1530.2   3/1/99   230000    229811.00    229811.47 C/O REFI  FULL   335000  
65962559    6.875   3/1/99   2/1/29  1510.94   3/1/99   230000    229806.00    229806.77 C/O REFI  FULL   320000  
65964471    7.625   3/1/99   2/1/29  3538.97   3/1/99   500000    500000.00    499638.11 R/T REFI  FULL  2250000  
65965027    6.875   3/1/99   2/1/29  2223.05   3/1/99   338400    338400.00    338115.70 PURCH     RAPD   423000  
65967984     6.75   4/1/99   3/1/29  1504.75   3/1/99   232000    232000.00    232000.00 R/T REFI  RAPD   290000  
65973151    7.125   3/1/99   2/1/29  1981.41   3/1/99   294100    293864.00    293864.81 PURCH     RAPD   346000  
65974981      6.5   3/1/99   2/1/29  1453.13   3/1/99   229900    229692.00    229692.16 PURCH     RAPD   275000  
65989333    6.625   3/1/99   2/1/29  1501.53   3/1/99   234500    234500.00    234293.11 R/T REFI  RAPD   470000  
66009341     6.75   3/1/99   2/1/29  1867.97   3/1/99   288000    288000.00    287752.03 R/T REFI  RAPD   500000  
66030528    7.625   3/1/99   2/1/29  2371.11   3/1/99   335000    335000.00    334757.54 C/O REFI  FULL   650000  
66033489     7.25   3/1/99   2/1/29  7401.62   3/1/99  1085000   1085000.00   1084153.59 R/T REFI  FULL  1550000  
66038430     7.25   3/1/99   2/1/29  1548.55   3/1/99   227000    226822.00    226822.91 R/T REFI  FULL   360000  
66049440        7   3/1/99   2/1/29  2395.09   3/1/99   360000    360000.00    359704.91 PURCH     RAPD   600000  
66058449    7.125   3/1/99   2/1/29  2964.37   3/1/99   440000    440000.00    439648.13 R/T REFI  FULL  1400000  
66092132    7.625   3/1/99   2/1/29  2356.96   3/1/99   333000    333000.00    332758.98 R/T REFI  FULL   695000  
66105323    6.875   3/1/99   2/1/29  1494.68   3/1/99   227525    227525.00    227333.85 PURCH     FULL   240000  
66125103      6.5   3/1/99   2/1/29  1516.97   3/1/99   240000    240000.00    239783.03 C/O REFI  FULL   360000  
66147786    7.125   3/1/99   2/1/29  5571.66   3/1/99   827000    827000.00    826338.65 R/T REFI  FULL  1200000  
66166951        7   3/1/99   2/1/29  2395.09   3/1/99   360000    360000.00    359704.91 C/O REFI  RAPD   480000  
66172837     6.25   3/1/99   2/1/29  1421.39   3/1/99   230850    230850.00    230630.95 PURCH     FULL   243000  
66206502      7.5   3/1/99   2/1/29  2252.87   3/1/99   322200    322200.00    321960.88 PURCH     FULL   360000  
66207151    7.375   3/1/99   2/1/29  2762.71   3/1/99   400000    400000.00    399695.62 R/T REFI  RAPD   525000  
66207169    7.375   3/1/99   2/1/29  2320.67   3/1/99   336000    336000.00    335744.33 R/T REFI  FULL   420000  
66208998      7.5   3/1/99   2/1/29  2132.61   3/1/99   305000    305000.00    304773.64 R/T REFI  RAPD   545000  
66209960    7.375   3/1/99   2/1/29   2037.5   3/1/99   295000    295000.00    294775.52 R/T REFI  FULL   350000  
66210127        7   3/1/99   2/1/29  1721.81   3/1/99   258800    258800.00    258587.86 R/T REFI  RAPD   330000  
66211069    7.625   3/1/99   2/1/29  2073.84   3/1/99   293000    293000.00    292787.93 R/T REFI  RAPD   415000  
66212421    7.375   3/1/99   2/1/29  3211.64   3/1/99   465000    465000.00    464646.17 C/O REFI  FULL   620000  
66212430     7.25   3/1/99   2/1/29  3922.52   3/1/99   575000    575000.00    574551.44 R/T REFI  RAPD   730000  
66221374    7.125   3/1/99   2/1/29  2930.68   3/1/99   435000    434652.00    434652.13 PURCH     RAPD   655000  
66239605    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    240000.00    239798.37 PURCH     FULL   284000  
66257051    6.375   3/1/99   2/1/29  1422.43   3/1/99   228000    228000.00    227788.82 R/T REFI  RAPD   285000  
66284163    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    239798.00    239798.37 PURCH     RAPD   322500  
66289076    6.875   3/1/99   2/1/29  1903.13   3/1/99   289700    289456.00    289456.61 PURCH     FULL   340931  
66291500    7.375   3/1/99   2/1/24   3654.4   3/1/99   500000    499418.00    499418.52 C/O REFI  RAPD  1000000  
66293740     7.25   3/1/99   2/1/29  2899.25   3/1/99   425000    425000.00    424668.46 R/T REFI  FULL   540000  
66294975    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    240000.00    239798.37 C/O REFI  RAPD   355000  
66301319     6.75   3/1/99   2/1/29  1556.64   3/1/99   240000    239793.00    239793.36 C/O REFI  FULL   330000  
66306281        7   3/1/99   2/1/29  2820.89   3/1/99   424000    424000.00    423652.44 PURCH     RAPD   530000  
66307023    7.375   3/1/99   2/1/29  2182.54   3/1/99   316000    314700.00    314451.55 R/T REFI  RAPD   605000  
66314534     7.25   3/1/99   2/1/29  1739.21   3/1/99   254950    254950.00    254751.11 PURCH     RAPD   270000  
66314950    7.125   3/1/99   2/1/29   2407.2   3/1/99   357300    357014.00    357014.27 PURCH     RAPD   405000  
66315107    7.375   3/1/99   2/1/29  2058.21   3/1/99   298000    298000.00    297773.25 R/T REFI  FULL   377000  
66317371    6.875   2/1/99   1/1/29  1530.64   3/1/99   233000    232607.00    232607.39 PURCH     RAPD   270000  
66317835    7.125   3/1/99   2/1/29  3194.77   3/1/99   474200    474200.00    473820.79 PURCH     FULL   592802  
66323681    7.125   3/1/99   2/1/29  1563.03   3/1/99   232000    232000.00    231814.47 PURCH     RAPD   290000  
66336716    6.375   2/1/99   1/1/29  1497.29   3/1/99   240000    239777.00    239554.24 R/T REFI  RAPD   305000  
66360781     7.25   3/1/99   2/1/29  1937.39   3/1/99   284000    284000.00    283778.44 R/T REFI  RAPD   355000  
66361842      6.5   3/1/99   2/1/29  2275.45   3/1/99   360000    360000.00    359674.55 PURCH     RAPD   450000  
66362148        7   3/1/99   2/1/29  2592.02   3/1/99   389600    389600.00    389280.65 PURCH     RAPD   500000  
66370655     7.25   3/1/99   2/1/29  2892.43   3/1/99   424000    424000.00    423669.24 PURCH     FULL   531000  
66376815      7.5   3/1/99   2/1/29  1982.98   3/1/99   283600    283600.00    283389.52 R/T REFI  RAPD   370000  
66380294     7.25   3/1/99   2/1/29  2210.26   3/1/99   324000    324000.00    323747.24 PURCH     RAPD   405000  
66380324     6.75   3/1/99   2/1/29  2334.96   3/1/99   360000    360000.00    359690.04 PURCH     RAPD   455000  
66381495    7.125   3/1/99   2/1/29  1576.51   3/1/99   234000    234000.00    233812.87 R/T REFI  FULL   260000  
66383170      7.5   3/1/99   2/1/29  2286.44   3/1/99   327000    326543.00    326543.75 R/T REFI  FULL   525000  
66383480    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    240000.00    239798.37 R/T REFI  FULL   400000  
66390176     6.75   4/1/99   3/1/29  2438.73   3/1/99   376000    376000.00    376000.00 PURCH     RAPD   470000  
66395763    7.375   3/1/99   2/1/29  2313.77   3/1/99   335000    334745.00    334745.08 PURCH     FULL   590000  
66396255     6.75   3/1/99   2/1/29  1556.64   3/1/99   240000    240000.00    239793.36 C/O REFI  FULL   450000  
66396450     6.75   3/1/99   2/1/29  3363.89   3/1/99   518640    518640.00    518193.46 PURCH     RAPD   650000  
66426332    7.625   3/1/99   2/1/29  2809.95   3/1/99   397000    397000.00    396712.65 R/T REFI  FULL   542000  
66426367    6.875   3/1/99   2/1/29  1708.02   3/1/99   260000    260000.00    259781.56 PURCH     RAPD   337500  
66429919        7   3/1/99   2/1/29  1763.06   3/1/99   265000    265000.00    264782.77 R/T REFI  RAPD   335000  
66435765    7.375   3/1/99   2/1/29  2303.41   3/1/99   333500    333500.00    333246.23 R/T REFI  RAPD   445000  
66442214    6.875   3/1/99   2/1/29  2003.64   3/1/99   305000    305000.00    304743.76 R/T REFI  FULL   382000  
66442974    6.875   3/1/99   2/1/29  1524.08   3/1/99   232000    232000.00    231805.09 C/O REFI  FULL   330000  
66451728     6.75   4/1/99   3/1/29  2485.43   3/1/99   383200    383200.00    383200.00 PURCH     FULL   479000  
66504741    7.125   3/1/99   2/1/29  1877.32   3/1/99   278650    278650.00    278427.16 PURCH     RAPD   310000  
66506590    7.125   4/1/99   3/1/29   1920.1   3/1/99   285000    285000.00    285000.00 R/T REFI  RAPD   362000  
66506808      7.5   3/1/99   2/1/29  2125.62   3/1/99   304000    304000.00    303774.38 R/T REFI  FULL   390000  
66509815    6.875   3/1/99   2/1/29  1558.57   3/1/99   237250    237050.00    237050.67 PURCH     FULL   264000  
66537975      7.5   3/1/99   2/1/29  1998.01   3/1/99   285750    285750.00    285537.93 R/T REFI  RAPD   360000  
66556597    7.375   3/1/99   2/1/29  3211.64   3/1/99   465000    465000.00    464646.17 R/T REFI  FULL   668000  
66558361    6.875   3/1/99   2/1/29  2266.41   3/1/99   345000    345000.00    344710.15 R/T REFI  FULL   985000  
66565154      7.5   3/1/99   2/1/29  2349.37   3/1/99   336000    336000.00    335750.63 PURCH     RAPD   425000  
66586861      7.5   3/1/99   2/1/29  1957.81   3/1/99   280000    280000.00    279792.19 C/O REFI  FULL   400000  
66590019    7.625   3/1/99   2/1/29  2023.02   3/1/99   285820    285820.00    285613.13 C/O REFI  RAPD   415000  
66590990        7   3/1/99   2/1/29  2268.69   3/1/99   341000    341000.00    340720.48 R/T REFI  RAPD   460000  
66592275    7.375   4/1/99   3/1/19  2585.42   3/1/99   324000    322571.00    322571.32 R/T REFI  FULL   490000  
66603277    7.875   3/1/99   2/1/29  1961.64   3/1/99   270545    270358.00    270358.81 PURCH     RAPD   495000  
66619262        7   3/1/99   2/1/29  1886.14   3/1/99   283500    283500.00    283267.61 R/T REFI  RAPD   425000  
66620660    6.875   3/1/99   2/1/29  1970.79   3/1/99   300000    300000.00    299747.96 C/O REFI  FULL   700000  
66623251     7.25   4/1/99   3/1/29  3922.52   3/1/99   575000    571987.00    571987.96 R/T REFI  FULL   750000  
66623898     6.75   3/1/99   2/1/29  1895.86   3/1/99   292300    292048.00    292048.33 PURCH     RAPD   371000  
66624649    6.875   3/1/99   2/1/29  1786.19   3/1/99   271900    271000.00    270766.41 PURCH     RAPD   340000  
66624665    6.875   3/1/99   2/1/29  1717.87   3/1/99   261500    261280.00    261280.31 R/T REFI  RAPD   495000  
66627737    6.875   3/1/99   2/1/29  2039.76   3/1/99   310500    310239.00    310239.15 C/O REFI  RAPD   414000  
66629454    6.875   3/1/99   2/1/29  3195.96   3/1/99   486500    486091.00    486091.28 R/T REFI  FULL  1700000  
66644691      7.5   4/1/99   3/1/29  3284.22   3/1/99   469700    469700.00    469700.00 R/T REFI  FULL   605000  
66646316     6.75   3/1/99   2/1/29   2594.4   3/1/99   400000    400000.00    399655.60 PURCH     RAPD   570000  
66647827    7.125   3/1/99   2/1/29  1720.01   3/1/99   255300    255300.00    255095.83 R/T REFI  RAPD   380000  
66648769        7   3/1/99   2/1/29  1531.86   3/1/99   230250    230250.00    230061.27 R/T REFI  FULL   300000  
66651221        7   3/1/99   2/1/29  2309.94   3/1/99   347200    347200.00    346915.39 PURCH     RAPD   442000  
66663822    7.625   3/1/99   2/1/29   4122.9   3/1/99   582500    582500.00    582078.40 C/O REFI  FULL   790000  
66664101    6.875   3/1/99   2/1/29  1877.18   3/1/99   285750    285750.00    285509.93 PURCH     RAPD   318000  
66676878        7   3/1/99   2/1/29  1995.91   3/1/99   300000    299750.00    299750.00 PURCH     FULL   376000  
66680107        7   4/1/99   3/1/29  1995.91   3/1/99   300000    300000.00    300000.00 C/O REFI  FULL   400000  
66682525    7.375   3/1/99   2/1/29  2417.37   3/1/99   350000    350000.00    349733.67 C/O REFI  RAPD   665000  
66687209    7.875   4/1/99   3/1/29  1892.44   3/1/99   261000    261000.00    261000.00 PURCH     RAPD   290000  
66729611    6.875   3/1/99   2/1/29  1576.63   3/1/99   240000    240000.00    239798.37 PURCH     FULL   260000  
66738458     7.25   3/1/99   2/1/29  2346.35   3/1/99   343950    343950.00    343681.68 R/T REFI  RAPD   436000  
66739209    7.125   3/1/99   2/1/29  1751.67   3/1/99   260000    259792.00    259792.08 PURCH     RAPD   376000  
66739713    7.125   4/1/99   3/1/29  2344.55   3/1/99   348000    346604.00    346604.57 R/T REFI  FULL   690000  
66739845     7.25   4/1/99   3/1/29     2507   3/1/99   367500    367500.00    367500.00 C/O REFI  FULL   525000  
66741734     6.75   3/1/99   2/1/29   1945.8   3/1/99   300000    300000.00    299741.70 PURCH     RAPD   460000  
66748542     7.25   3/1/99   2/1/29  2728.71   3/1/99   400000    400000.00    399687.96 C/O REFI  FULL   600000  
66751004    7.375   3/1/99   2/1/29  1864.83   3/1/99   270000    270000.00    269794.55 C/O REFI  FULL   360000  
66751608        7   3/1/99   2/1/29  1793.66   3/1/99   269600    269600.00    269379.01 R/T REFI  FULL   337000  
66751781      7.5   3/1/99   2/1/29  2971.67   3/1/99   425000    425000.00    424684.58 R/T REFI  FULL   660000  
66751799      7.5   3/1/99   2/1/29  2810.85   3/1/99   402000    401701.00    401701.65 R/T REFI  RAPD   628000  
66751802     7.25   3/1/99   2/1/29   1910.1   3/1/99   280000    280000.00    279781.57 PURCH     RAPD   350000  
66751918    7.125   3/1/99   2/1/29  3206.91   3/1/99   476000    475326.00    475326.25 PURCH     RAPD   595000  
66751977    7.375   4/1/99   3/1/29  3840.16   3/1/99   556000    556000.00    556000.00 R/T REFI  RAPD   825000  
66752027    6.875   3/1/99   2/1/29  1773.71   3/1/99   270000    270000.00    269773.17 R/T REFI  RAPD   640000  
66752400        7   3/1/99   2/1/29  3446.27   3/1/99   518000    518000.00    517575.40 PURCH     FULL   740000  
66752523      7.5   3/1/99   2/1/29   3435.6   3/1/99   491350    491350.00    490985.34 PURCH     FULL   614233  
66805643     7.25   3/1/99   2/1/29  3629.18   3/1/99   532000    532000.00    531584.99 R/T REFI  RAPD   725000  
66805902    7.375   3/1/99   2/1/29   1933.9   3/1/99   280000    279786.00    279786.93 PURCH     FULL   380000  
66831831      7.5   3/1/99   2/1/29  2482.22   3/1/99   355000    355000.00    354736.53 C/O REFI  FULL   485000  
66832225    7.375   3/1/99   2/1/29  2293.05   3/1/99   332000    331747.00    331747.37 R/T REFI  RAPD   445000  
66835763    7.625   3/1/99   2/1/29  1955.64   3/1/99   276300    276300.00    276100.02 R/T REFI  FULL   307000  
66840562    7.125   3/1/99   2/1/29  2122.22   3/1/99   315000    315000.00    314748.09 R/T REFI  RAPD   495000  
66840830     7.25   4/1/99   3/1/29  2019.25   3/1/99   296000    296000.00    296000.00 PURCH     FULL   370000  
66841348    6.375   4/1/99   3/1/29  2869.81   3/1/99   460000    460000.00    460000.00 PURCH     RAPD   575000  
66841429        7   3/1/99   2/1/29  2420.04   3/1/99   363750    363451.00    363451.83 C/O REFI  RAPD   485000  
66842018        7   4/1/99   3/1/19   2325.9   3/1/99   300000    300000.00    300000.00 R/T REFI  RAPD   570000  
66842671        7   3/1/99   2/1/29  4128.21   3/1/99   620500    619619.00    619619.58 R/T REFI  RAPD   830000  
66848059     7.25   3/1/99   2/1/29   3069.8   3/1/99   450000    450000.00    449648.95 R/T REFI  FULL   775000  
66849047      7.5   3/1/99   2/1/29   3034.6   3/1/99   434000    434000.00    433677.90 PURCH     RAPD   620000  
66849357    7.375   3/1/99   2/1/29  2040.26   3/1/99   295400    295400.00    295175.22 C/O REFI  FULL   525000  
66849667    7.375   3/1/99   2/1/29  3135.67   3/1/99   454000    454000.00    453654.54 C/O REFI  FULL   610000  
66850002    6.875   4/1/99   3/1/29  2349.18   3/1/99   357600    357600.00    357600.00 PURCH     RAPD   447000  
66850975    7.375   3/1/99   2/1/29  2479.53   3/1/99   359000    359000.00    358726.82 PURCH     RAPD   400000  


******                                                                          

Loan #                             Term   CLTV                                  

20031936                           274    89.0                                  
20033221                           274    76.7                                  
20430625                           311    73.6                                  
21417806                           332    94.9                                  
21567085                           330    51.9                                  
21603499                           329    79.9                                  
21609411                           331    76.7                                  
5000015015                         359    75.0                                  
5000025543                         360    74.2                                  
5000026061                         360    77.6                                  
5000041128                         360    65.7                                  
5000263037                         360    90.0                                  
5000288174                         360    80.0                                  
5000348432                         360    66.4                                  
5000400068                         359    80.0                                  
5000400654                         360    80.0                                  
5000403294                         360    80.0                                  
5000409184                         360    68.2                                  
5000418607                         360    40.2                                  
5000418912                         359    69.2                                  
5000448083                         360    90.0                                  
5000449743                         360    53.1                                  
5000452150                         360    75.0                                  
5000452341                         360    80.0                                  
5000465053                         359    66.7                                  
5000465111                         359    69.9                                  
5000465780                         360    74.9                                  
5000480235                         360    68.4                                  
62738763                           360    85.5                                  
62933981                           341    80.0                                  
63374331                           359    69.3                                  
63604981                           359    69.2                                  
63605490                           359    80.0                                  
63609959                           359    85.0                                  
63611252                           359    75.5                                  
64260488                           359    79.9                                  
64262243                           360    65.3                                  
64598209                           360    88.8                                  
64643221                           355    49.8                                  
64805255                           359    75.0                                  
64874206                           359    41.0                                  
64916731                           359    61.7                                  
64918297                           359    74.0                                  
64920437                           359    46.2                                  
64921506                           359    77.4                                  
64922898                           360    73.8                                  
64932117                           359    67.6                                  
64967417                           359    80.0                                  
64989364                           359    79.3                                  
64990290                           359    79.9                                  
64991784                           360    80.0                                  
65015797                           360    73.8                                  
65023064                           359    73.0                                  
65025717                           359    89.3                                  
65026039                           360    79.2                                  
65277511                           359    57.6                                  
65300611                           360    76.8                                  
65300874                           359    49.2                                  
65308221                           359    80.0                                  
65417780                           359    70.6                                  
65422864                           359    70.1                                  
65438451                           359    79.9                                  
65443438                           359    57.8                                  
65446615                           359    57.1                                  
65451368                           359    90.0                                  
65454294                           359    52.2                                  
65464907                           359    72.7                                  
65481003                           358    89.9                                  
65498267                           359    73.0                                  
65511859                           359    74.9                                  
65585046                           358    79.9                                  
65600401                           360    76.2                                  
65616081                           359    24.2                                  
65655451                           359    80.0                                  
65704215                           359    84.8                                  
65720849                           359    66.6                                  
65735081                           359    67.5                                  
65744110                           359    65.1                                  
65747640                           360    67.8                                  
65747747                           299    68.5                                  
65751736                           359    37.2                                  
65752562                           359    90.0                                  
65754794                           359    68.9                                  
65759788                           359    73.8                                  
65773179                           359    77.2                                  
65794672                           360    80.0                                  
65794826                           359    77.1                                  
65804104                           359    74.9                                  
65805020                           360    62.7                                  
65805551                           359    79.4                                  
65805623                           359    76.9                                  
65809254                           359    64.9                                  
65809394                           359    80.0                                  
65809432                           359    59.5                                  
65809963                           359    64.7                                  
65823109                           239    62.4                                  
65824504                           359    79.9                                  
65826221                           359    35.2                                  
65827503                           359    73.3                                  
65842707                           359    80.0                                  
65856058                           359    94.9                                  
65862783                           359    79.9                                  
65868102                           359    84.4                                  
65868757                           359    80.0                                  
65904753                           359    80.0                                  
65906705                           359    79.8                                  
65915372                           359    50.5                                  
65917111                           360    79.8                                  
65918215                           299    75.0                                  
65935071                           359    62.7                                  
65939883                           360    65.7                                  
65940130                           359    95.0                                  
65940270                           359    79.8                                  
65940393                           359    68.8                                  
65948246                           360    75.0                                  
65949072                           359    54.0                                  
65952006                           360    66.6                                  
65952146                           360    67.5                                  
65952359                           360    64.5                                  
65955650                           359    68.6                                  
65962559                           359    71.8                                  
65964471                           359    22.2                                  
65965027                           359    80.0                                  
65967984                           360    80.0                                  
65973151                           359    84.9                                  
65974981                           359    84.9                                  
65989333                           359    49.9                                  
66009341                           359    57.6                                  
66030528                           359    51.5                                  
66033489                           359    70.0                                  
66038430                           359    63.1                                  
66049440                           359    60.6                                  
66058449                           359    31.4                                  
66092132                           359    47.9                                  
66105323                           359    95.0                                  
66125103                           359    66.7                                  
66147786                           359    68.9                                  
66166951                           359    75.0                                  
66172837                           359    95.0                                  
66206502                           359    90.0                                  
66207151                           359    76.2                                  
66207169                           359    80.0                                  
66208998                           359    56.5                                  
66209960                           359    84.3                                  
66210127                           359    78.4                                  
66211069                           359    70.6                                  
66212421                           359    75.0                                  
66212430                           359    78.8                                  
66221374                           359    68.4                                  
66239605                           359    84.5                                  
66257051                           359    80.0                                  
66284163                           359    74.4                                  
66289076                           359    84.9                                  
66291500                           299    49.9                                  
66293740                           359    78.7                                  
66294975                           359    67.8                                  
66301319                           359    72.7                                  
66306281                           359    80.0                                  
66307023                           359    52.0                                  
66314534                           359    95.0                                  
66314950                           359    89.9                                  
66315107                           359    79.0                                  
66317371                           358    86.2                                  
66317835                           359    80.0                                  
66323681                           359    80.0                                  
66336716                           358    78.6                                  
66360781                           359    80.0                                  
66361842                           359    80.0                                  
66362148                           359    80.0                                  
66370655                           359    80.0                                  
66376815                           359    76.6                                  
66380294                           359    80.0                                  
66380324                           359    79.1                                  
66381495                           359    90.0                                  
66383170                           359    62.2                                  
66383480                           359    60.0                                  
66390176                           360    80.0                                  
66395763                           359    57.3                                  
66396255                           359    53.3                                  
66396450                           359    80.0                                  
66426332                           359    73.2                                  
66426367                           359    77.0                                  
66429919                           359    79.1                                  
66435765                           359    74.9                                  
66442214                           359    79.8                                  
66442974                           359    70.3                                  
66451728                           360    80.0                                  
66504741                           359    89.9                                  
66506590                           360    78.7                                  
66506808                           359    77.9                                  
66509815                           359    89.9                                  
66537975                           359    79.4                                  
66556597                           359    69.6                                  
66558361                           359    35.0                                  
66565154                           359    80.0                                  
66586861                           359    70.0                                  
66590019                           359    68.9                                  
66590990                           359    74.1                                  
66592275                           240    65.8                                  
66603277                           359    55.0                                  
66619262                           359    66.7                                  
66620660                           359    42.9                                  
66623251                           360    76.3                                  
66623898                           359    78.8                                  
66624649                           359    79.7                                  
66624665                           359    52.8                                  
66627737                           359    74.9                                  
66629454                           359    28.6                                  
66644691                           360    77.6                                  
66646316                           359    71.2                                  
66647827                           359    67.2                                  
66648769                           359    76.8                                  
66651221                           359    80.0                                  
66663822                           359    73.7                                  
66664101                           359    90.0                                  
66676878                           359    79.7                                  
66680107                           360    75.0                                  
66682525                           359    52.6                                  
66687209                           360    90.0                                  
66729611                           359    92.3                                  
66738458                           359    78.9                                  
66739209                           359    69.2                                  
66739713                           360    50.2                                  
66739845                           360    70.0                                  
66741734                           359    65.2                                  
66748542                           359    66.7                                  
66751004                           359    75.0                                  
66751608                           359    80.0                                  
66751781                           359    64.4                                  
66751799                           359    64.0                                  
66751802                           359    80.0                                  
66751918                           359    79.9                                  
66751977                           360    67.4                                  
66752027                           359    42.2                                  
66752400                           359    70.0                                  
66752523                           359    80.0                                  
66805643                           359    73.4                                  
66805902                           359    79.9                                  
66831831                           359    73.2                                  
66832225                           359    74.5                                  
66835763                           359    90.0                                  
66840562                           359    63.6                                  
66840830                           360    80.0                                  
66841348                           360    80.0                                  
66841429                           359    74.9                                  
66842018                           240    52.6                                  
66842671                           359    74.7                                  
66848059                           359    58.1                                  
66849047                           359    70.1                                  
66849357                           359    56.3                                  
66849667                           359    74.4                                  
66850002                           360    80.0                                  
66850975                           359    90.0                                  

Total Loans              253                                                    
Sched UPB     $84,240,302.17                                                    
WAC                    7.133                                                    
WAM                    356.2                                                    
WOLTV                    0.0                                                    
WCLTV                   71.4                                                    

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EXHIBIT D-2   

NMC MORTGAGE LOAN SCHEDULE  

                                                        [Enlarge/Download Table]

LOAN#     NAME                      ADDRESS                  CITY         ST  ZIP     OCC        PROP       TERM 
-----     ----                      -------                  ----         --  ---     ---        ----       ---- 
                                                                                                                 
22507339  LEIGHTON, DRSTEVEN        4903 CLAYBROOKE CO       MATTHEWS     NC   28105  Primary    PUD          360
22663801  STEVENSON JR, SLEE        29706 HANSEL             FAIR OAKS R  TX   78015  Primary    PUD          360
22670293  INSERRA, MARK             48 LAKESIDE CT           DEVON        PA   19333  Primary    SFR          360
22678528  LAUGHINGHOUSE, KENNETH    322 DARTMOUTH AVE        FAIR HAVEN   NJ    7704  Primary    SFR          360
22685754  DEMOREST, LAWRIE          1263 BEECH VALLEY        ATLANTA      GA   30306  Primary    SFR          360
22688923  GILLETTE, RICHARD         10530 AUDUBON COURT      EDEN PRAIRI  MN   55437  Primary    SFR          360
22703557  SOUZA, JAMES              13470 SEAL LAKE LAN      RENO         NV   89511  Primary    SFR          360
22706832  MERRICK, JOHN             790 PARKSIDE TRAI        MARIETTA     GA   30064  Primary    PUD          300
22710305  WASKO, BRUCE              16378 E BERRY AVE        AURORA       CO   80015  Primary    PUD          360
22713101  SWEENEY, EUGENE           825 FAWN MEADOW C        ROSWELL      GA   30075  Primary    PUD          360
22716716  MARSTELLER, RONALD        10890 MEANDERVIEW C      MANASSAS     VA   20111  Primary    PUD          360
22720163  KELLEY, JAMES             4819 OLD TIMBER RI       MARIETTA     GA   30068  Primary    PUD          360
22720767  STEEL, JUDITH             91 W PACES FERR          ATLANTA      GA   30305  Primary    Condo        360
22720908  KENNEDY, FREDERICK        7374 HUNTERS OAK C       SPRINGFILED  VA   22150  Primary    PUD          360
22725253  KRAVITT, DAVID            202 OLYMPIC CLUB         BLUE BELL    PA   19422  Primary    SFR          300
22725626  HALL, GREGORY             850 CLUB CHASE LA        ROSWELL      GA   30076  Primary    PUD          360
22731012  MARMAR, JOEL              112 S 19TH ST            LONGPORT     NJ    8403  Secondary  SFR          360
22732382  FREED, DENNIS             1900 ALASKAN WAY         SEATTLE      WA   98101  Primary    SFR          360
22737175  SHELDON, NORMA            2710 PINE HILL DRIVE     KNOXVILLE    TN   37932  Primary    SFR          360
22737837  GRIMM, GARY               1538 CHADMORE LANE       CONCORD      NC   28207  Primary    PUD          240
22745913  WALEWANDER, JOHN          1162 HIGHLAND DR         NOVATO       CA   94949  Primary    SFR          360
22746101  PENTON, ANDREW            7411 MARIGOLD DRIVE      IRVING       TX   75063  Primary    PUD          360
22746515  RAHMAN, MIRZA             41 WINDERMERE DR         BLUE BELL    PA   19422  Primary    PUD          360
22748552  GREEN JR, HENRY           3179 VERDUN DRIVE        ATLANTA      GA   30305  Primary    SFR          360
22749535  BRANNON, TIMOTHY          1146 BRIDGEMILL AV       CANTON       GA   30114  Primary    PUD          360
22750491  OKEEFFE, CAROL            8468 COLONIAL DRIVE      LITTLETON    CO   80124  Primary    PUD          360
22780563  HURST, JAMES              7 THE CROFT              ATLANTA      GA   30342  Primary    PUD          360
27646785  BIRNBAUM, JORGE           2423 HARRIMAN LANE       REDONDO BEA  CA   90278  Primary    Condo        360
27670686  WEISEL, RANDALL           3711 KEYSTONE RD         TARPON SPRI  FL   34689  Primary    SFR          360
27671932  BARNES, STEVEN            189 CORN PLANTERS        DANIEL ISLA  SC   29492  Primary    PUD          360
27678481  VIVALDI, GREGORY          3145 SKYLINE DRIVE       OCEANSIDE    CA   92056  Primary    SFR          360
27746155  RICHTER, TIMOTHY          5101 EMBASSY LANE        FAIR OAKS    CA   95628  Primary    SFR          360
27761857  HINKLE, DON               500 RED OAK DR           HOT SPRINGS  AR   71913  Primary    SFR          360
21807797  REMACK, ROBERT            L 26 LAKESHORE DRI       LAKE LOTAWA  MO   64086  Primary    SFR          360
21884051  WEINER, JEFFREY           6742 PAXSON ROAD         SOLEBURY     PA   18963  Primary    SFR          360
21922505  KELLEY, CHARLES           3712 S BUTTERNUT AVE     BROKEN ARRO  OK   74011  Primary    SFR          360
21982400  WINTERS, DEVON            602 NORTHWOOD COU        SOUTHLAKE    TX   76092  Primary    PUD          360
22038095  WINTERS, ROBERT           503 DORAL CIR            BERWYN       PA   19312  Primary    SFR          360
22059000  IACCONI, DANA             1904 FAIRMOUNT DRI       JAMISON      PA   18929  Primary    SFR          360
22063929  MCAULIFFE, MICHAEL        2458 SOUTH NEWCOMB       LAKEWOOD     CO   80227  Primary    SFR          360
22094742  HOLDEN, MARK              314 BOMAR STREET         HOUSTON      TX   77006  Primary    SFR          360
22105514  PRICE, DAVID              1763 W BLUE RIDGE        CHANDLER     AZ   85248  Primary    PUD          360
22169361  CIARA, BARBARA            601 MAYFLOWER DR         NORFOLK      VA   23508  Primary    SFR          360
22172654  JONES, ROBERT             5637 RISBOROUGH          PLANO        TX   75093  Primary    PUD          360
22204317  HOWATSON, JAMES           1097 9TH AVE             FOX ISLAND   WA   98333  Primary    SFR          360
22226146  MATSIRAS, PAUL            104 BEAUFORT COUR        PHOENIXVILL  PA   19460  Primary    PUD          360
22286355  GARIBIAN, GARO            1102 PENMORE PLACE       ABINGTON TO  PA   19046  Primary    SFR          360
22303101  GERSTEIN, LAWRENCE        5084 CHAMPLAIN CIR       WEST BLOOMF  MI   48323  Primary    SFR          360
22307177  GRICE, RICHARD            430 HUNTCLIFF GRE        ATLANTA      GA   30350  Primary    PUD          360
22310882  VIOX SR, JAMES            1916 DOBSON PARK L       KNOXVILLE    TN   37922  Primary    SFR          360
22317622  CELEBREZZE, ROCCO         11506 VALLEY VIEW R      ANCHORAGE    KY   40223  Primary    PUD          360
22321632  TERRELL, MARTIN           20375 TRUE VISTA CI      MONUMENT     CO   80132  Primary    SFR          360
22326037  RUSHTON, KEVIN            4591 COVERED BRIDG       BLOOMFIELD   MI   48302  Primary    SFR          360
22327845  REITER, RANDY             2517 SAND SHORES D       CONROE       TX   77304  Primary    PUD          240
22339584  BARKSDALE, JAMES          5213 S SCOUT ISLAND CI   AUSTIN       TX   78731  Primary    PUD          360
22360416  PATERSON, JOHN            8350 E WHISPERING WI     SCOTTSDALE   AZ   85255  Primary    SFR          360
22373906  KEEGAN, JOSEPH            120 CONDOR DRIVE         EAGLE        CO   81631  Primary    SFR          360
22375711  POWERS, THOMAS            9800 JUNIPER HILL        ROCKVILLE    MD   20850  Primary    SFR          360
22378905  LEMOINE, CHARLES          533 MALDEN AVENUE        LAGRANGE PA  IL   60526  Primary    SFR          360
22385124  WANG, CHANGFONG           36 FAIRBANKS ROA         LEXINGTON    MA    2421  Primary    SFR          360
22394308  READ, JOHN                2697 E LAKE OF THE       MINNEAPOLIS  MN   55408  Primary    SFR          240
22395271  MENNER, STEVEN            609 N NEWTON AVENUE      GLEN ELLYN   IL   60137  Primary    SFR          360
22395693  LATZ, JEFFREY             91 ROSE COURT            LEMONT       IL   60439  Primary    SFR          360
22397574  EYNON, JILL               2202 DECATUR PL NW       WASHINGTON   DC   20036  Primary    SFR          360
22399497  QUARLES, REBECCA          4920 JOHN TICER DR       ALEXANDRIA   VA   22304  Primary    SFR          360
22409213  JOHNSON, LELA             4333 CARL DR             LISLE        IL   60532  Primary    SFR          360
22410807  HENNESSY, MATTHEW         17611 SPRINGWINDS D      CORNELIUS    NC   28031  Primary    SFR          360
22411649  LOWRY, BRYAN              3700 FAVERO ROAD         RICHMOND     VA   23233  Primary    SFR          360
22430417  KANE, THOMAS              25 OAKES RD              RUMSON       NJ    7760  Primary    SFR          360
22439178  FLORES, ROBEN             7268 DEL NORTE DR        GOLETA       CA   93117  Primary    SFR          360
22440549  NORTH, PATRICK            6192 N 29TH PL           PHOENIX      AZ   85016  Primary    SFR          360
22440622  MURPHY, MICHAEL           7691 HIDDEN LAKE D       HUDSONVILLE  MI   49426  Primary    SFR          360
22440663  REMSKI, JAMES             870 LAKEVIEW             BIRMINGHAM   MI   48009  Primary    SFR          360
22441760  SMITH, DALE               114 OLD COUNTY LA        EDWARDS      CO   81632  Primary    SFR          360
22442164  BROWN, ROBERT             341 RAWHIDE ROAD         EDWARDS      CO   81632  Primary    SFR          360
22442263  JAMES, CAMILLE            1204 SUNNY ACRES R       MAHOMET      IL   61853  Primary    SFR          360
22454342  HALFPENNY JR, BERNARD     117 CHESWOLD LN          HAVERFORD    PA   19041  Primary    SFR          360
22460695  LODEN, WILLIAM            6586 LONE STAR LAN       AUBREY       TX   76249  Primary    SFR          360
22466213  NOBLE, JAMES              11939 BROOKSTONE DR      TRUCKEE      TX   96161  Secondary  PUD          360
22486120  KING, ROBERT              862 EAST 100 NORT        SMITHFIELD   UT   84335  Primary    SFR          360
22489546  HUFF, JEFFREY             1210 43RD AVE            GREELEY      CO   80634  Primary    SFR          360
22493878  GARCIA, PEGGY             6010 284TH WAY NE        CARNATION    WA   98014  Primary    SFR          360
22495527  REED, SCOTT               9 REED HILL ROA          GRANBY       CT    6035  Primary    SFR          360
22496434  CALLISTER, THOMAS         3689 CASHILL BLVD        RENO         NV   89509  Primary    SFR          360
22498406  PADDON, JANET             5841 NAGLE AVENUE        VAN NUYS     CA   91401  Primary    SFR          360
22499461  SPOERL, STEVEN            6 SQUIRE LANE            ST CHARLES   IL   60174  Primary    PUD          360
22499750  SHEALY, ALAN              132 RED FOX TRAIL        CHAPIN       SC   29036  Primary    SFR          360
22499875  DEKROUB JR, JOSEPH        3304 OUTBACK             PUTNAM TWP   MI   48169  Primary    SFR          360
22500045  MACK, THOMAS              30400 SE HIGHWAY 212     BORING       OR   97009  Primary    SFR          360
22500342  BROWN, DOUGLAS            18008 BONHOMME BEND C    CHESTERFIEL  MO   63005  Primary    PUD          360
22500433  VIGNAPIANO, LOUIS         597 PARKSIDE DR          CHULA VISTA  CA   91910  Primary    SFR          360
22500599  COOPER, JAMES             1816 W THURDERHIL        PHOENIX      AZ   85045  Primary    PUD          360
22500987  OMALLEY, MARY             4 INDIAN TERRAC          LOCUS        NJ    7760  Primary    SFR          360
22502876  SEE, WILLIAM              3100 WOODBINE DRIVE      COLUMBIA     MO   65203  Primary    PUD          360
22503387  OLSAN, MICHAEL            300 WATERLOO AVE         BERWYN       PA   19312  Primary    SFR          360
22504914  FORS, ERIK                29 RAVEN ROAD            NORTH OAKS   MN   55127  Primary    PUD          360
22507248  BROWN, PHILLIP            2000 HUNTERS FIELD R     KIRKWOOD     MO   63122  Primary    SFR          360
22509723  HANSES, MARGARET          2637 BOHEMIAN HIGH       OCCIDENTAL   CA   95465  Primary    SFR          360
22514939  ROMARY, MARK              4064 AMBER LANE          PALM HARBOR  FL   34685  Primary    PUD          360
22517031  POWERS, DAVID             920 DRAKE RD             GLENVIEW     IL   60025  Primary    SFR          360
22519052  GIBSON, TERRY             1425 HAWKSHEAD LANE      LOUISVILLE   KY   40220  Primary    SFR          360
22521272  CHEESMAN, ANTHONY         2255 CAMINO DEL VE       ALPINE       CA   91901  Primary    SFR          360
22521751  HAMMON, BARON             5412 CASTLEWOOD RO       DALLAS       TX   75229  Primary    SFR          360
22521769  TOKUNAGA, SHAWN           475 E OXFORD ROAD        BENNINGTON   IL   60010  Primary    SFR          360
22522536  RIFKIN, TED               1648 HERITAGE ROAD       HESPERUS     CO   81326  Primary    SFR          360
22522957  TOTARO, DOMINIC           12309 CAROL DRIVE        FULTON       MD   20759  Primary    SFR          360
22523047  HAGGERTY, JOSEPH          12636 GREENBRIAR RD      POTOMAC      MD   20854  Primary    SFR          360
22524565  PENLEY, THOMAS            217 MIDDAUGH RD          CLARENDON H  IL   60514  Primary    SFR          360
22526503  GREENBERG, CHARLES        1114 EMERALD HILLS       EDMONDS      WA   98020  Primary    SFR          360
22529119  KELLER, JAMES             4145 SW 55TH AVE         SEATTLE      WA   98116  Primary    SFR          360
22530547  SCHNEIDER, HENRY          1091 KEIM COURT          GENEVA       IL   60134  Primary    SFR          360
22531842  EADY, CHARLES             2579 OTTER COURT         LAFAYETTE    CO   80026  Primary    PUD          360
22532683  WRIGHT, DAVID             20868 WATERBEACH PLAC    STERLING     VA   20165  Primary    PUD          360
22532816  LINDQUIST, MARY           5368 NW 43RD ST          WASHINGTON   DC   20015  Primary    PUD          360
22533012  CURLETTA, JOSEPH          12245 S WARPAINT COURT   PHOENIX      AZ   85044  Primary    PUD          360
22535199  RECHTIENE, JAMES          17 N MALLARD RD          NORTH OAKS   MN   55127  Primary    SFR          360
22536700  PAULLIN, TERENCE          1026 ARDSLEY ROAD        CHARLOTTE    NC   28207  Primary    SFR          360
22538185  VENKER JR, JAMES          410 OAKWOOD AVE          WEBSTER GRO  MO   63119  Primary    SFR          360
22538516  TRUMPER, ROCCI            4377 WOODY CREEK L       FORT COLLIN  CO   80524  Primary    PUD          360
22538656  CORDOVA, DAVID            2613 ANNAKAY CROSS       MIDLOTHIAN   VA   23113  Primary    PUD          300
22538961  LOCKHART, KENNETH         26512 SE 135TH PL        KENT         WA   98042  Primary    SFR          360
22540025  SMITH JR, BENNIE          11840 SPRING MANOR LA    EADS         TN   38028  Primary    SFR          360
22541288  HARRELL, RONNEY           609 POLO RUN COVE        COLLIERVILL  TN   38017  Primary    SFR          360
22544308  JORGENSEN, MITCHELL       4910 LINDEN TRAIL        LAKE ELMO    MN   55042  Primary    SFR          360
22545792  PINO JR, PETER            5296 WEATHERWOOD T       MARIETTA     GA   30068  Primary    PUD          360
22545842  STEWART, VIRGINIA         1604 RIVERVIEW DRI       MARIETTA     GA   30067  Primary    Condo        360
22546097  HATTON, GARY              25350 GOLD HILLS DR      CASTRO VALL  CA   94546  Primary    SFR          360
22546329  TAYLOR, MICHAEL           507 TIMBERLANE RO        PIKE ROAD    AL   36064  Primary    SFR          360
22548002  FRIEDMAN, ROBERT          13732 CREEKSIDE DR       SILVER SPRI  MD   20904  Primary    SFR          360
22549281  NICHOLS, DEAN             22290 N FOXTAIL DR       KILDEER      IL   60047  Primary    SFR          360
22549679  BELTON, ALFREDA           10518 MOSS MILL LAN      CHARLOTTE    NC   28277  Primary    PUD          360
22549893  KRALL, DENNIS             432 W ARCHER DRIVE       PUEBLO WEST  CO   81007  Primary    SFR          360
22551402  SACK, DONNA               3939 LAKEVIEW DR         SAND SPRING  OK   74063  Primary    SFR          360
22551428  FERNEYHOUGH, DAVID        11551 ALDER DRIVE        TRUCKEE      CA   96161  Primary    SFR          360
22552087  HANNA, LONNIE             483 AGNEW ROAD           MOORESVILLE  NC   28115  Primary    SFR          360
22552186  BRODEURJR, FREDERICK      4415 STONEBRIDGE D       TRAVERSE CI  MI   49684  Primary    SFR          360
22552723  KING, JOE                 7737 N VIA LAGUNA NI     TUCSON       AZ   85743  Primary    SFR          360
22552822  YOUNG, DANNY              8176 JEFFERSON DRI       CANAL WINCH  OH   43110  Primary    SFR          360
22553317  BRANDT, KENNETH           571 RIVER RD             YARDLEY      PA   19067  Primary    SFR          360
22556872  GLOVER, TIFFANY           7414 95TH ST             LUBBOCK      TX   79424  Primary    SFR          360
22557433  GALVIN, JOSEPH            889 OAKHILLS DR          MONUMENT     CO   80132  Primary    PUD          360
22558456  QUGANA, PAUL              9420 MONTE MAR DRI       LOS ANGELES  CA   90035  Primary    SFR          360
22558613  JULLIEN, CAROL            7703 WHITE WILLOW        SPRINGFIELD  VA   22153  Primary    PUD          360
22558647  BEACH, W                  2812 HABSBURG CIR        MODESTO      CA   95356  Primary    SFR          360
22558977  JOYCE, CHRISTOPHER        1591 CHAPEL HILL D       ALEXANDRIA   VA   22304  Primary    SFR          360
22559728  ESTERDAY, MICHAEL         3424 WOODMONT BLVD       NASHVILLE    TN   37215  Primary    SFR          360
22560312  LALIOTIS, DEANY           4709 CHESTNUT STRE       BETHESDA     MD   20814  Primary    SFR          360
22561021  MCGOVERN, AUSTIN          1463 COUNTY LINE R       BRYN MAWR    PA   19010  Secondary  SFR          360
22561724  BYRD, DENNIS              5 TANGLEWOOD CO          HAWTHORN WO  IL   60047  Primary    SFR          360
22564108  KOLLEK, ERVIN             4305 AARON SOSEBEE       CUMMING      GA   30040  Primary    SFR          360
22564579  OHMAN, RICHARD            13731 DUNTON             FORT WAYNE   IN   46845  Primary    PUD          360
22569065  WILHELMS, PAUL            74 FREDERICK LAN         ST LOUIS     MO   63122  Primary    SFR          360
22570089  DENSLOW, SUZETTE          614 SUMMERWIND CIRC      NASHVILLE    TN   37215  Primary    PUD          360
22570329  GENTILE, JOHN             54 RIVER DRIVE           ANNAPOLIS    MD   21403  Primary    SFR          360
22571236  STAPLES, RICHARD          1606 NORAL PLACE         ALEXANDRIA   VA   22308  Primary    SFR          360
22571590  BOWLES, ROGER             1801 RAVEN HILL COUR     KNOXVILLE    TN   37922  Primary    PUD          360
22571871  PORTER, W                 2106 STAMFORD LANE       AUSTIN       TX   78703  Primary    SFR          360
22571947  EDESESS, MICHAEL          2023 E 3RD AVE           DENVER       CO   80206  Primary    SFR          360
22571954  YELVERTON JR, RICK        102 GREEN DRIVE          JACKSON      MS   39211  Primary    SFR          360
22572051  KHORSANDI, MEHDI          3475 CORTE CURVA         CARLSBAD     CA   92009  Secondary  PUD          360
22572226  SACKETT, DAVID            707 KAHN PLACE           ALEXANDRIA   VA   22314  Primary    SFR          360
22572358  SIMLICK, ANDREW           7123 RANCHO VERDE        LOOMIS       CA   95650  Primary    SFR          360
22572721  PETERSON, DAVID           8590 NORTH SHORE T       FOREST LAKE  MN   55025  Primary    SFR          360
22573026  AHLMAH, JAY               934 WINSLOW CIRCL        GLEN ELLYN   IL   60137  Primary    SFR          360
22573075  FAIRCLOTH, JOHN           6808 BRIARMEADOWS        MEMPHIS      TN   38120  Primary    SFR          360
22573323  SMITH, JULIUS             924 YEARLING WAY         NASHVILLE    TN   37221  Primary    SFR          360
22574404  HARVEY, LAWRENCE          2378 TRANQUILITY L       GREEN COVE   FL   32043  Primary    SFR          360
22574545  OFIESH, BRENDA            16217 WARMUTH RD         CANYON COUN  CA   91351  Primary    SFR          360
22575484  MOREHEAD, JOHN            3702 DARTMOUTH AVE       DALLAS       TX   75205  Primary    SFR          360
22576318  STOECKER, MICHAEL         503 MALINMOR DRIV        ST CHARLES   MO   63304  Primary    PUD          360
22576847  SANDERS, PAUL             821 MICHIGAN AVE         EVANSTON     IL   60202  Primary    Condo        360
22577191  SMALL, STUART             170 ALCAZAR              EDWARDS      CO   81632  Secondary  PUD          360
22577290  MCMASTERS, ELIZABETH      7201 ORCHARD VALLE       BULL VALLEY  IL   60050  Primary    SFR          360
22577316  HOLMES, EUGENE            6330 WATERFORD DRIVE     BRENTWOOD    TX   37027  Primary    SFR          360
22577522  GOLDBERG, MICHAEL         7322 AYNSLEY LANE        MCLEAN       VA   22102  Primary    PUD          360
22577647  WILLIAMS JR, JAMES        308 MILL STONE RO        CHESAPEAKE   VA   23322  Primary    SFR          360
22577696  HEDSTROM, JUDITH          7811 EXETER RD           BETHESDA     MD   20814  Primary    SFR          360
22578470  GOODSELL, CRAIG           5307 TAYSIDE CIRCLE      COLUMBIA     MO   65203  Primary    SFR          360
22578553  ROARK, KURT               12160 E QUESADA PLAC     TUCSON       AZ   85749  Primary    SFR          360
22578777  DAVIDSON, MARK            4605 MONTVIEW BLVD       DENVER       CO   80207  Primary    SFR          360
22579478  BOOGAARD, STEVEN          1288 W CHAPEL RIDGE      SOUTH JORDA  UT   84095  Primary    SFR          360
22579767  SONG, DANIEL              10400 BRECKINRIDGE       FAIRFAX      VA   22030  Primary    SFR          360
22579916  DIFELICIANTON, JOHN       7 GREENBRIER CT          VOORHEES     NJ    8043  Primary    SFR          360
22580500  CUNDARI, STEVEN           910 WATER GROVE C        ROSWELL      GA   30075  Primary    SFR          360
22581268  WARTBURG, RONALD          4107 VISTA CREEK C       ARLINGTON    TX   76016  Primary    SFR          360
22581292  HIDALGO, JESSE            820 MOUNT EVANS C        LOUISVILLE   CO   80027  Primary    PUD          360
22581417  ASHLEY, WILLIAM           475 CRESTWOOD COV        COPPELL      TX   75019  Primary    PUD          360
22581532  COLEMAN, BERNARD          5917 MASTERSON DR        PLANO        TX   75093  Primary    PUD          360
22581896  LAYTON, TODD              3800 HIBBS STREET        PLANO        TX   75025  Primary    PUD          360
22581995  DAMIANO, EVA              16182 PITMAN LN          HUNTINGTON   CA   92647  Primary    SFR          360
22582274  MORETON, WILLIAM          1040 WOODFIELD ESTAT     TOWN AND CO  MO   63017  Primary    PUD          360
22582290  ANDERSON, EDWIN           52 WALSH AVENUE          STONEHAM     MA    2180  Primary    SFR          300
22585186  FLOTH, MARTY              17260 CORNERSTONE L      PARKER       CO   80134  Primary    PUD          360
22585491  PORPORIS, JOHN            407 STALLION HILL        CHESTERFILE  MO   63005  Primary    SFR          360
22586150  ALAIMO, VINCENT           14482 THREE OAKS TE      MONTPELIER   VA   23192  Primary    PUD          360
22586192  PINKARD, KATHRYN          624 ELM STREET           PETALUMA     CA   94952  Primary    SFR          360
22587091  CRAIG, J                  877 HOLLY DRIVE          ANNAPOLIS    MD   21401  Primary    SFR          360
22587729  JASKOT, JOHN              1935 TRISTAN DR          SMYRNA       GA   30080  Primary    PUD          360
22588438  COUILLARD, MICHAEL        14810 ROLLER COASTE      COLORADO SP  CO   80921  Primary    SFR          360
22589253  GOLDEN, LEONARD           3234 PACES MILL RO       ATLANTA      GA   30339  Primary    SFR          360
22589337  HILL, JAMES               10 RANGE ROAD            NAHANT       MA    1908  Primary    SFR          360
22589550  BRINKER, JEFFERY          171 LADUE OAKS CT        ST. LOUIS    MO   63141  Primary    PUD          360
22590004  SCHMITT, WILLIAM          7181 DADA DR             GURNEE       IL   60031  Primary    SFR          360
22590012  TERP, DAVID               7905 CAP ROCK ROAD       PLANO        TX   75025  Primary    PUD          360
22590160  DELFINO, ANTHONY          26839 WALNUT LANE        CLOVERDALE   CA   95425  Primary    SFR          360
22590566  RAYBORN, TODD             231 26TH AVENUE          SAN MATEO    CA   94403  Primary    SFR          360
22590962  COON III, RICHARD         11495 E TOMICHI DRIVE    FRANKTOWN    CO   80116  Primary    SFR          360
22591093  ROACH, JAMES              1415 MALLARD LANE        HOFFMAN EST  IL   60192  Primary    SFR          360
22591200  KUCHARIK, LARRY           834 COLUMBIAN AVE        OAK PARK     IL   60302  Primary    SFR          360
22591440  SLOTNICK, MARSHA          97 PARKER ST             NEWTON       MA    2159  Primary    SFR          360
22591556  GOULD, CASEY              730 PLATT LANE           PALMER LAKE  CO   80133  Primary    SFR          360
22592364  MCKELVEY, RANDY           306 APPLECROSS DR        FRANKLIN     TN   37064  Primary    PUD          360
22592927  THOMAS, JOHN              4952 GRAVENSTEIN H       SEBASTOPOL   CA   95472  Primary    SFR          360
22593065  WILLIS, RALPH             4201 E CLAREMONT ST      PARADISE VA  AZ   85254  Primary    PUD          360
22593156  CLARKE, GREGG             218 CENTER STREET        SAN RAFAEL   CA   94901  Primary    SFR          360
22593545  ROCHELLE SR, JACK         190 STONE CREEK RAN      MCGREGOR     TX   76657  Primary    SFR          360
22594204  ATWOOD, ROBERT            837 HARVARD PLACE        CHARLOTTE    NC   28207  Primary    SFR          360
22594733  ZABYTKO, STANLEY          40 MILLRACE LANE         ROCKLAND     DE   19372  Primary    PUD          360
22594964  LOVVORN, H                4413 WARNER PLACE        NASHVILLE    TN   37205  Primary    SFR          360
22595045  MITZNER, ADAM             12 NORTH WARD AV         RUMSON       NJ    7760  Primary    SFR          360
22595193  GIGLIO, GARY              6619 EDLOE ST            HOUSTON      TX   77005  Primary    PUD          360
22595359  PICKEL, ROBESON           2772 DOVER ROAD          ATLANTA      GA   30327  Primary    SFR          360
22595391  RAINONE JR, JOHN          3717 BENT GRASS WA       FLOWER MOUN  TX   75215  Primary    PUD          360
22595888  RIX, ROBERT               4120 BEACON PLACE        DISCOVERY B  CA   94514  Primary    SFR          360
22595912  PANADERO, ENCARNACION     19430 DEHAVILLAND C      SARATOGA     CA   95070  Primary    SFR          360
22596118  HOBERG, JON               10933 178TH PLACE N      REDMOND      WA   98052  Primary    PUD          360
22596209  GARNER, SHAWN             119 CORONA ST            SAN FRANSCI  CA   94127  Primary    PUD          360
22596886  GALASSI, PETER            5255 VIA BRUMOSA         YORBA LINDA  CA   92886  Primary    PUD          360
22596951  BRANDT, LEE               17861 179TH TRAIL W      LAKEVILLE    MN   55044  Primary    SFR          360
22597181  LAU, PHILIP               16309 MILLAN DR AVI      TAMPA        FL   33613  Primary    PUD          360
22597504  HAMILTON, ROBERT          1516 LITTLEFIELD C       LAKE FOREST  IL   60045  Primary    SFR          360
22597975  VAN DEVENTER, STEVEN      9 S 252 NAPER BLV        NAPERVILLE   IL   60565  Primary    SFR          360
22598098  BOURKE, PETER             LOTC-5 CUSCOWILLA        EATONTON     GA   31024  Secondary  PUD          360
22598106  SITEK, DAVID              6206 NW 113TH COURT      MIAMI        FL   33178  Primary    SFR          360
22598544  FALES, DAVID              31071 PRARIE RIDGE       GREEN OAKS   CO   60048  Primary    SFR          360
22598569  MCLEAN, DONNIE            800 SIESTA KEY CIRC      SARASOTA     FL   34242  Primary    SFR          360
22598700  DETMER, CHARLES           472 WHITE ASH DRI        GOLDEN       CO   80403  Primary    SFR          360
22598759  GRANT, ROBERT             1006 LAKE FOREST DRI     SOUTHLAKE    TX   76092  Primary    SFR          360
22598965  KARP, LAWRENCE            2128 SUTTON PLACE        PLANO        TX   75093  Primary    PUD          360
22599260  FRANCESCONI, ROBERT       2432 FAWN LAKE CIR       NAPERVILLE   IL   60564  Primary    PUD          360
22599294  THOMAS, WILLIAM           11611 S 70TH EAST AVE    BIXBY        OK   74008  Primary    SFR          360
22599310  HICKEY, BENJAMIN          3 W SEAVIEW AVE          SAN RAFAEL   CA   94901  Primary    SFR          360
22599674  WALTON, GREG              14607 WOODLAKE TRACE     LOUISVILLE   KY   40245  Primary    SFR          360
22599872  MCFAYDEN, SHANNON         2200 PINEWOOD CIRC       CHARLOTTE    NC   28211  Primary    SFR          360
22599906  DURANT, RICHARD           4380 LAUREL GROVE        SUWANEE      GA   30024  Primary    PUD          360
22600217  RENNER, JEFF              5130 APPLE GROVE         CUMMING      GA   30040  Primary    PUD          360
22600407  GREER, ANTHONY            2714 SWEET MAPLE COV     GERMANTOWN   TN   38139  Primary    SFR          360
22600597  WHITTEN, J                9484 WATERFALL ROA       BRENTWOOD    TN   37027  Primary    SFR          360
22600712  ROSE, MARTHA              1009 NOVARA STREET       SAN DIEGO    CA   92107  Primary    SFR          360
22600860  CUNNINGHAM SU, GAIL       2900 BUTLER ROAD         GLYNDON      MD   21071  Primary    SFR          360
22601025  NAUMANN, R                3400 WALSTON LANE        CHARLOTTE    NC   28211  Primary    SFR          360
22601173  PRYZYBLYSKI, JOHN         4050 BLOOMFIELD RD       SEBASTPOL    CA   95472  Primary    SFR          360
22601298  TANNER, DANA              2922 MADREY LANE         HAMPTON COV  AL   35763  Primary    SFR          360
22601306  BICKLEY, JEFFERY          3757 ANGUS WAY           PLEASANTON   CA   94588  Primary    SFR          360
22603021  HOLMES, WARREN            1145 SHERIDAN ROAD       HIGHLAND PA  IL   60035  Primary    SFR          360
22603161  WILCOX, DONALD            4017S 50TH AVE           SEATTLE      WA   98118  Primary    SFR          360
22603427  CARROLL, DENNIS           19420 NE 65TH AVE        KENMORE      WA   98028  Primary    SFR          360
22603765  SLOMSKI, DOUGLAS          814 RIDGELAWN TRA        BATAVIA      IL   60510  Primary    SFR          360
22604250  CHEN, WUN                 36214 CRYSTAL SPRIN      NEWARK       CA   94560  Primary    PUD          360
22604359  WINDER, ROBERT            6533 PARNELL AVE         EDINA        MN   55435  Primary    SFR          360
22604383  WANG, YI                  14043 E FAIR AVE         ENGLEWOOD    CO   80111  Primary    SFR          360
22604441  SCHLEGL, PAUL             524 OVERLOOK TERRAC      EUREKA       MO   63025  Primary    PUD          360
22604896  RAMOS, WILLIAM            6119 ELLA LEE LANE       HOUSTON      TX   77057  Primary    SFR          360
22604979  REDDEN, EUGENE            6313 BERKSHIRE DR        BETHESDA     MD   20814  Primary    PUD          360
22604995  COHEN, DAVID              11201 POPES HEAD RO      FAIRFAX      VA   22030  Primary    SFR          360
22605091  JOHNS, PAMELA             2955 SACKETT STREE       HOUSTON      TX   77098  Primary    SFR          360
22605133  FIREY, MICHAEL            2817 HUNT VALLEY D       GLENWOOD     MD   21738  Primary    SFR          360
22605513  MANN III, JAMES           3420 SANDSTONE COURT     LAKE IN THE  IL   60102  Primary    SFR          360
22605539  WILCOX, ELLEN             712 S PHILIP STR         PHILADELPHI  PA   19147  Primary    SFR          360
22605562  THEISS, JOHN              4315 LAKEWAY BOULE       LAKEWAY      TX   78734  Primary    PUD          360
22605901  CAMPANILE, NICHOLAS       19202 ARIA CR            BROOKEVILLE  MD   20833  Primary    SFR          360
22606214  LAKE, HOWARD              8121 AMSTERDAM           GAINESVILLE  VA   20155  Primary    SFR          360
22606289  KEENAN, PATRICIA          2336 WILD TIMOTHY        NAPERVILLE   IL   60564  Primary    SFR          360
22606404  RANKIN, JEFFREY           28435 N CALEX DRIVE      VALENCIA     CA   91354  Primary    PUD          360
22606651  GOOLSBY JR, THOMAS        812 FOREST HILLS         WILMINGTON   NC   28403  Primary    SFR          360
22606735  DUNKERLEY, JAMES          5507 BRYAN STREET        DALLAS       TX   75206  Primary    SFR          360
22607329  JOHNSON, CARL             9403 FERRY LANDING       ALEXANDRIA   VA   22309  Primary    SFR          360
22607428  STAMPS, RICKIE            3888 FEEDWIRE ROAD       DAYTON       OH   45440  Primary    SFR          360
22607444  ROTHSCHILD, RICHARD       1721 WAGNER RD           GLENVIEW     IL   60025  Primary    SFR          360
22607592  ZILLES, MARIE             19 21 JENISON STRE       NEWTON       MA    2460  Primary    SFR          360
22608228  SKVARK, JULIA             36 LAKESIDE DR           CORTE MADER  CA   94925  Primary    SFR          360
22608798  TARBERT, TODD             7 NEWPORT KEY            BELLEVUE     WA   98006  Primary    SFR          360
22609317  NUGENT, JOHN              1190 ALTDORF TRAIL       INCLINE VIL  NV   89451  Primary    SFR          360
22609861  POTTS, JEFFREY            3109 DEEP SPRINGS        PLANO        TX   75025  Primary    SFR          360
22610968  BUDD, CAROL               4638 WYNMEADE PARK       MARIETTA     GA   30067  Primary    SFR          360
22611040  YOUNG, WILLIAM            4216 HOWARD              WESTERN SPR  IL   60558  Primary    SFR          360
22611644  GILLESPIE, MICHAEL        5703 FIG WAY             ARVADA       CO   80002  Primary    PUD          360
22611685  KUNKEL, JEFFREY           26W071 QUAIL RUN DRI     WHEATON      IL   60187  Primary    SFR          360
22612253  ROBINSON, BILL            13515 CHRISTOPHER DRI    LITTLE ROCK  AR   72212  Primary    SFR          360
22612279  KELLER, ROBERT            5401 N SURF ROAD         HOLLYWOOD    FL   33019  Primary    SFR          360
22612303  ORI, RICHARD              854 ELLEN WAY            LIBERTYVILL  IL   60048  Primary    PUD          360
22612345  MATHEWS, WYATT            327 SUMMERTREE DRIV      LIVERMORE    CA   94550  Primary    SFR          360
22612386  KEAN, CHRISTOPHER         3240 PINEHURST CR        COLORADO SP  CO   80908  Primary    SFR          360
22612469  KRICHMAR, RICHARD         18467 GLADSTONE BLV      MAPLE GROVE  MN   55311  Primary    SFR          360
22612733  YOHN, LYNN                14004 INDIAN RUN DR      DARNESTOWN   MD   20878  Primary    SFR          360
22613186  HUGHES, DAMON             9385 158TH AVENUE        BRIGHTON     CO   80601  Primary    PUD          360
22613418  MILLER, MICHELLE          10375 MOOSE ROAD         ROSEMARK     TN   38053  Primary    SFR          360
22613475  ROBICHAUD, STEVEN         5772 PARKE CIRCLE        RANCHO CUCA  CA   91739  Primary    PUD          360
22613491  AUTRY, ANDREW             8901 FOREST RIDGE CO     CORDOVA      TN   38018  Primary    SFR          360
22613830  STEFANOVICH, STEVEN       2412 AVALON CT           AURORA       IL   60504  Primary    SFR          360
22614267  LEE, RICHARD              3569 NE STANTON ST       PORTLAND     OR   97212  Primary    SFR          360
22614416  LAU, KAM                  12700 GREENBRIAR RD      POTOMAC      MD   20854  Primary    SFR          360
22614754  DOLAN, THOMAS             237 SHELLEY AVE          CAMPBELL     CA   95008  Primary    SFR          360
22614796  MCKELVEY, DOUGLAS         26210 ROYAL OAK          ROYAL OAK    MD   21662  Primary    SFR          360
22615017  FERGUSON, KEVIN           14311 CLUB CIRCLE        ALPHARETTA   GA   30004  Primary    PUD          360
22615108  AMBULOS, GREGORY          4436 FAIRFAX AVENU       HIGHLAND PA  TX   75205  Primary    SFR          360
22615124  HAYDEN, COLBY             4500 FAWN TRAIL          LOVELAND     CO   80537  Primary    SFR          360
22615421  MURPHY, THOMAS            2463 COPPER BEECH DR     ST LOUIS     MO   63131  Primary    PUD          360
22616114  FISHER, CAREY             13521 SILENT LAKE D      CLARKSVILLE  MD   21029  Primary    SFR          360
22616338  SPAETH, DAVID             3627 OLDE DOMINION       BRIGHTON     MI   48114  Primary    SFR          360
22616700  HARDIMAN, ROBERT          1106 ROUNDHOUSE LA       ALEXANDRIA   VA   22314  Primary    PUD          360
22617054  KOSLOFF, SANDY            2290 N 79TH PLACE        SCOTTSDALE   AZ   85255  Primary    PUD          360
22617161  KRAJELIS, WILLIAM         146 TENNYSON             WHEATON      IL   60187  Primary    SFR          360
22617179  MAZZAPICA, PAUL           5477 LOCKPORT CT         PALM HARBOR  FL   34685  Primary    SFR          360
22617302  MANSFIELD, STEVEN         19426 CARRIGER ROAD      SONOMA       CA   95476  Primary    SFR          360
22617310  YAMOMOTO MD, DAVID        1002 ELDORADO DR         SUPERIOR     CO   80027  Primary    SFR          360
22617716  COOK, DENNIS              564 N REDWOOD AVE        SAN JOSE     CA   95128  Primary    SFR          360
22617773  STRAHL, ALLEN             329 SUN VALLEY DR        MAPLE GLEN   PA   19002  Primary    SFR          360
22618011  KRAFT, ARTHUR             700-706 CARLISL          WOODSTOCK    IL   60098  Investor   4-Family     360
22618029  SEEBERG, JOHN             7037 NORTH MENDOTA       CHICAGO      IL   60646  Primary    SFR          360
22618128  BANITT, PETER             3365 SW 66TH AVE         PORTLAND     OR   97225  Primary    SFR          360
22618219  ORENBERG, WILLIAM         12 SHUMAN RD             MARBLEHEAD   MA    1945  Primary    SFR          360
22618268  LUNDGREN, EDWARD          902 N FAIRBROOK DRI      WAUNAKEE     WI   53597  Primary    SFR          348
22618888  LOWRY, DAVID              6000 DOLVIN LANE         BUFORD       GA   30518  Primary    SFR          360
22619282  BRAATZ, JONATHAN          3109 PEACH TREE DR       ATLANTA      GA   30305  Primary    SFR          360
22619498  COYLE, MAUREEN            15 WOODBROOK LN          SWARTHMORE   PA   19081  Primary    SFR          360
22619860  LOEBER, MARTIN            9215 SCHOOLHOUSE R       SAN ANTONIO  TX   78255  Primary    PUD          360
22620637  HEADLEY, DOUGLASS         7293 S URAVAN COURT      FOXFIELD     CO   80016  Primary    SFR          360
22620884  KIM, SUNG                 2112 EARNSLOW DRIV       LA CANADA-F  CA   91011  Primary    SFR          360
22621031  SPRADLIN, MICHAEL         20500 W 95TH             LENEXA       KS   66220  Primary    PUD          360
22621056  OSBORNJR, MARTIN          5413 GRANADA WAY         CARPINTERIA  CA   93013  Primary    SFR          360
22621395  FEIN, DOUGLAS             4 ARVIDA DRIVE           PENNINGTON   NJ    8534  Primary    SFR          360
22621510  PFAENDLER, MARYANN        1525 CEDAR STREET        SAN CARLOS   CA   94070  Primary    SFR          360
22621528  RABIN, HARRY              37 HUMPHREY ROAD         SANTA BARBA  CA   93108  Primary    SFR          360
22621775  HOLLIS, JOHN              447 LEVERETT LANE        HIGHLAND HE  OH   44143  Primary    SFR          360
22621866  MOHLMAN JR, DONALD        10801 S 237TH STREET     GRETNA       NE   68028  Primary    SFR          360
22622096  WINTERFELD, KEVIN         4664 SE 242ND AVE        ISSAQUAH     WA   98029  Primary    SFR          360
22622195  SCHEINER, SUZANNE         1380 GREENWICH ST        SAN FRANCIS  CA   94109  Primary    Condo        360
22622476  ROTER, CHARLES            5205 SOUTHERN HILL       FRISCO       TX   75034  Primary    PUD          360
22622484  YEE, EDDIE                318 COMMANDER LN         REDWOOD CIT  CA   94065  Primary    SFR          360
22622492  DOLLAR JR, WENDELL        1635 VAN HORNE LN        REDONDO BEA  CA   90278  Primary    SFR          360
22622690  GREIG, DOUGLAS            16 DORCHESTER DR         MT VIEW      CA   94043  Primary    SFR          360
22623144  SHELTON, JEFFREY          912 PARK CREST CI        VESTAVIA HI  AL   35242  Primary    PUD          360
22623151  COLE, BERTRAM             8405 BECKET CIRCLE       PLANO        TX   75024  Primary    SFR          360
22623185  MYERS, MARK               2892 FLORENCE RD         WOODBINE     MD   21797  Primary    SFR          360
22623243  KRICK, PAUL               24 OXFORD AVE            CLARENDON H  IL   60521  Primary    SFR          360
22623250  SPRINGER, ROBERT          846 MONROE               RIVER FORES  IL   60305  Primary    SFR          360
22623292  WOHLGEMUTH, HERMAN        304 WILLIAM FALLS        CANTON       GA   30114  Primary    PUD          360
22623524  CARROLL, SCOOTT           6080 HEARDS CREEK        ATLANTA      GA   30328  Primary    SFR          360
22623540  HOWELL, STEVEN            5407 S IDALIA WAY        AURORA       CO   80015  Primary    PUD          360
22623631  SHEPARD JR, BOBBY         2517 ROSEGATE LANE       CHARLOTTE    NC   28270  Primary    SFR          360
22623755  DUARA, PRASENJIT          5718 S KIMBARK AVENU     CHICAGO      IL   60637  Primary    SFR          240
22624118  BLUM, MICHAEL             2053 MAGNOLIA RIDG       BIRMINGHAM   AL   35243  Primary    SFR          360
22624217  TEPLINSKY, HOWARD         2063 JORDAN TERRAC       BUFFALO GRO  IL   60089  Primary    SFR          360
22624324  CULVER, JAMES             8813 QUIET STREAM        POTOMAC      MD   20854  Primary    SFR          360
22624431  RANNEY, RYAN              2891 TEXAS AVENUE        SIMI VALLEY  CA   93063  Primary    SFR          360
22624647  TOTH, TERRENCE            411 N LINCOLN            HINSDALE     IL   60521  Primary    SFR          360
22624696  DUNCAN, CARL              801 MCALISTER ROA        BIG BEAR LA  CA   92315  Primary    SFR          360
22624795  BIBEAU, NEAL              416 BOXWOOD RD           ROSEMONT     PA   19010  Primary    SFR          360
22625024  LEE, SUSAN                16246 ALPINE PLACE       LA MIRADA    CA   90638  Primary    PUD          360
22625651  FIELDS, MICHAEL           2013 HIGHLAND AVEN       WILMETTE     IL   60091  Primary    SFR          360
22625974  STEINBERG, MARK           1121 PEACOCK CREEK       CLAYTON      CA   94517  Primary    SFR          360
22626022  MITCHELL, MARK            262 MIDDLE RD            SANTA BARBA  CA   93108  Primary    SFR          360
22626105  BELMONT, ROBERT           9 SPINDRIFT PAS          CORTE MADER  CA   94925  Primary    SFR          360
22626154  BROWN, ANDREW             1233 RINCON AVENUE       LIVERMORE    CA   94550  Primary    SFR          360
22626238  COUTURE, PHILIP           12659 S HILLSIDE DR.     PALOS PARK   IL   60464  Primary    SFR          360
22626295  HIATT, WILLIAM            3203 GROSBEAK CT         DAVIS        CA   95616  Primary    SFR          360
22626451  HIGHFILL, RICKY           1838 RIVER RIDGE         NAPERVILLE   IL   60565  Primary    SFR          360
22626469  SITTIO, CARL              15414 NE 152ND PLACE     WOODINVILLE  WA   98072  Primary    SFR          360
22626584  PETERSON, ROBERT          19606 NW REEDER RD       PORTLAND     OR   97231  Primary    SFR          360
22626667  RITCHIE JR, THOMAS        90 MOUNTAIN AVEN         BIRMINGHAM   AL   35213  Primary    SFR          360
22626733  WALL, MURRAY              5309 MANDRAKE COUR       RALEIGH      NC   27613  Primary    PUD          360
22626873  HAZEN II, JOHN            1141 WESTBANK RD         GLENWOOD SP  CO   81601  Primary    PUD          360
22626907  SHERWOOD, JAMES           1583 BIERSTADT COU       EVERGREEN    CO   80439  Primary    PUD          360
22627160  SCHAAP, JAMES             2765 W LAKE RIDGE SH     RENO         NV   89509  Primary    SFR          360
22627384  HICKMAN, JOHN             4635 DRIFTWOOD DRI       FRISCO       TX   75034  Primary    PUD          360
22627574  LAUDERDALE, JAMES         9786 BAY HILL DRIV       LONE TREE    CO   80124  Primary    PUD          360
22627830  HENDREN, HOWARD           11817 MOUNTBATTEN W      RALEIGH      NC   27613  Primary    PUD          360
22627848  BELLSR, BCLAYTON          6223 LOMO ALTO DRI       UNIVERSITY   TX   75205  Primary    SFR          360
22627855  JACKSON JR, WILLIAM       11232 COLONIAL COUN      CHARLOTTE    NC   28277  Primary    PUD          360
22628473  HOBBS, RODNEY             2203 STANFORD COUR       MCKINNEY     TX   75070  Primary    PUD          360
22628507  SILVER, THOMAS            26 LOCKE LANE            MILL VALLEY  CA   94941  Primary    SFR          360
22628549  BEAVERS, CHARLES          217 BODEGA AVE           PETALUMA     CA   94952  Primary    SFR          360
22628580  SCHWARTZ, JONATHAN        817 MARIN DR             MILL VALLEY  CA   94941  Primary    SFR          360
22628713  BREWER, JOHN              762 DE HARO ST           SAN FRANCIS  CA   94107  Primary    SFR          360
22628739  MELTON, KEITH             320 VISTA DE VALL        MILL VALLEY  CA   94941  Primary    SFR          360
22628754  KING, LARRY               517 OAK ST               PETALUMA     CA   94952  Primary    SFR          360
22628879  KWAN, SIMON               792 SIGMUND RD           NAPERVILLE   IL   60563  Primary    SFR          360
22628945  GRAY, DAVID               2274 EAGLES NEST DRI     LAFAYETTE    CO   80026  Primary    PUD          360
22629042  BARONE, MARK              77 DOMINGA AVE           FAIRFAX      CA   94930  Primary    SFR          360
22629570  MUELLER, RONALD           27047 RIGBY LOT ROA      EASTON       MD   21601  Secondary  SFR          360
22630123  HARDIE, JOHN              4701 WINDSOR RIDGE       IRVING       TX   75038  Primary    PUD          360
22630388  PARVANEH, SHAHNAZ         906 EL RANCHO DR         SANTA CRUZ   CA   95060  Primary    SFR          360
22630503  FAVIA, PHILLIP            1731 TANAGER WAY         LONG GROVE   IL   60047  Primary    SFR          360
22630750  SHAMUS III, MICHAEL       12405 DUNCANNON PLACE    GLEN ALLEN   VA   23060  Primary    PUD          360
22630883  DEPALO JR, MICHAEL        5214 E BLUEFIELD AVE     PHOENIX      AZ   85254  Primary    PUD          360
22631014  ANDREW, JOHN              1750 HYGEIA AVE          ENCINITAS    CA   92024  Primary    SFR          360
22631287  POKORA, MICHAEL           3818 EAGLE DRIVE         NAPERVILLE   IL   60564  Primary    SFR          360
22631295  GREEN, LAWRENCE           254 DIAMOND A RAN        CARBONDALE   CO   81623  Primary    PUD          360
22631394  VACCARO, JOHN             1466 PALISADES DRI       PACIFIC PAL  CA   90272  Primary    SFR          360
22631519  BRUNO, RICHMOND           1370 OAK KNOLL DR        SAN JOSE     CA   95129  Primary    SFR          360
22631550  WORTHINGTON, SCOTT        6990 SWAN RD             COLORADO SP  CO   80908  Primary    SFR          360
22631873  GRAULICH, GREGORY         12468 E GOLD DUST AVE    SCOTTSDALE   AZ   85259  Primary    SFR          360
22631980  BRANNAN, WILLIAM          3210 CRYSTAL HEIGH       SOQUEL       CA   95073  Primary    SFR          360
22632434  SMALL, TOMMY              40815 WOODSIDE PL        LEESBURG     VA   20475  Primary    SFR          360
22632475  CLEGG JR, ALBERT          6907 EDGE WATER DR       MCKINNEY     TX   75070  Primary    PUD          360
22632608  BROWN, DONALD             129 HARVEST CIRCL        WILLIAMSBUR  VA   23185  Primary    PUD          360
22632616  SMITH JR, KENNETH         1507 VALLEYWOOD TR       MANSFIELD    TX   76063  Primary    PUD          360
22632657  BAUM, MAX                 620 GREEN BAY RD         HIGHLAND PA  IL   60035  Primary    SFR          360
22632673  SHIN, JAMES               406 WICKHAM LANE         SOUTHLAKE    TX   76092  Primary    PUD          360
22633267  BEATTY, JAMES             24418 N 85TH ST          SCOTTSDALE   AZ   85255  Primary    SFR          360
22633325  PILANO, MARK              1016 TIMBER NECK M       CHESAPEAKE   VA   23320  Primary    SFR          360
22633465  BURCHELL, MICHAEL         6518 DARNALL ROAD        BALTIMORE    MD   21204  Primary    SFR          360
22633911  DURKIN, WILLIAM           6224 WALHONDING RO       BETHESDA     MD   20814  Primary    SFR          360
22634497  HARKELROAD, JAMES         1816 WEST RACE           CHICAGO      IL   60622  Primary    SFR          360
22634687  DAVIS, PETER              17901 MAPLEHILL RD       WOODLAND     MN   55391  Primary    SFR          360
22634711  DRAKE, MICHAEL            19310 BRETON PLACE       MONUMENT     CO   80132  Primary    SFR          360
22634778  PODBIELSKI, FRANCIS       212 MAPLEWOOD            RIVERSIDE    IL   60546  Primary    SFR          360
22635239  GOLDMAN, OLEG             1491 GLACIER DR          SAN JOSE     CA   95118  Primary    SFR          360
22635262  BATINA, ANDREW            6417 APACHE DRIVE        INDIAN HEAD  IL   60525  Primary    SFR          360
22635395  JARVIS, LEO               189 SAN MARINO DR        SAN RAFAEL   CA   94901  Primary    SFR          360
22635460  IRVING, RAYMOND           4 HARRIS HILL R          NOVATO       CA   94947  Primary    SFR          360
22636955  MORITZ, STEVEN            10786 WEYBURN AVENU      LOS ANGELES  CA   90024  Primary    SFR          360
22637037  ROCHE, JAMES              3002 SHERBROOKE PL       IJAMSVILLE   MD   21754  Primary    PUD          360
22637128  MONES, PAUL               3411 NW THURMAN ST       PORTLAND     OR   97210  Primary    SFR          360
22637276  FARZAD, NASSER            10021 CHARTWELL MAN      POTOMAC      MD   20854  Primary    SFR          360
22637656  LANG, ONNIE               5365 ELROSE DR           SAN JOSE     CA   95124  Primary    SFR          360
22637680  ESPINOLA, JOSEPH          2047 CHANTICLEER A       SANTA CRUZ   CA   95062  Primary    SFR          360
22638126  TAKIS, WILLIAM            914 RAIL CT              MCLEAN       VA   22102  Primary    SFR          360
22638258  ALBRECHT, GEORGE          39W609 CARL SANDBURG     ST CHARLES   IL   60175  Primary    SFR          360
22638316  JONES, MICHAEL            4824 SANDESTIN DRI       DALLAS       TX   75287  Primary    SFR          360
22638746  ISKANDER, ROBERT          36262 CRYSTAL SPRIN      NEWARK       CA   94560  Primary    PUD          360
22638761  CARMIGNANI, ROBERT        7 HANSEL RD              NEWTOWN      PA   18940  Primary    SFR          360
22638787  DAVIS, STEPHEN            320 SETTLERS COU         AMBLER       PA   19002  Primary    SFR          360
22638811  THRASHER, TALBOT          4630 JETT ROAD           ATLANTA      GA   30327  Primary    SFR          360
22639330  NORTHCUTT, RICHARD        4916 IMPERIAL ST         BELLAIRE     TX   77401  Primary    SFR          360
22639538  HOSKINS, MICHAEL          304 A SURREY LN          LAKE FOREST  IL   60045  Primary    SFR          360
22639983  BIGELOW, SHARON           32300 E US HIGHWAY 40    STEAMBOAT S  CO   80487  Primary    SFR          360
22640668  PAPPAS, JAMES             32 ROYAL VALE DR         OAKBROOK     IL   60523  Primary    SFR          360
22640924  JEFFE, DOUGLAS            6314 SENFORD AVE         LOS ANGELES  CA   90056  Primary    SFR          360
22641138  BLESER, SCOTT             10396 BLACK BIRCH D      DAYTON       OH   45458  Primary    SFR          360
22641435  BAUER, PAUL               18 WILDWOOD DRIV         BEDFORD      MA    7130  Primary    SFR          360
22641443  PEASE JR, JOHN            2207 HUNTFIELD COU       GAMBRILLS    MD   21054  Primary    SFR          360
22641666  MARBURGER, JAY            135 WILLOW WAY           ROSWELL      GA   30076  Primary    SFR          360
22641971  MCDANIEL III, MACK        85 HIGHLANDS RID         OXFORD       GA   30054  Primary    SFR          360
22642151  SEIDLITZ, SURRELL         604 SILVERSTONE C        SLIVER SPRI  MD   20905  Primary    SFR          360
22642284  ODONNELL, MATTHEW         3737 LAUREL WAY          REDWOOD CIT  CA   94062  Primary    SFR          360
22642391  CANTRELL, DAN             1142 BRIGHTON CRES       BELLINGHAM   WA   98226  Primary    SFR          360
22642441  NIX JR, JAMES             11145 ASHBROOK LANE      INDIAN HEAD  IL   60525  Primary    PUD          360
22642904  SINGH, SWARNJIT           18208 N 50TH STREET      PHOENIX      AZ   85254  Primary    PUD          360
22643639  FERRARIS, PATRICIA        7633 N HUMMINGBIRD L     PARADISE VA  AZ   85253  Primary    SFR          360
22643928  HOOPER, ROBERT            66 FRONT ST              KEY WEST     FL   33040  Secondary  SFR          360
22644090  PARSONS, W                241 SAXON LN             BOWLING GRE  KY   42103  Primary    SFR          360
22644199  STORONKIN, LEV            17555 COLLINS AVENU      MIAMI BEACH  FL   33141  Primary    SFR          360
22644272  SOLLEY, WILLIAM           200 NEWTON NOOK          BRENTWOOD    TN   37027  Primary    PUD          360
22644447  GAYER, FRANK              5508 FOURSTAIRS CO       FAIRFAX      VA   22039  Primary    SFR          360
22644504  BOERNER, DAVID            12 EQUENNES DRIVE        LITTLE ROCK  AR   72211  Primary    SFR          360
22644652  FUSON, JAY                13773 BEAM RIDGE DR      MCCORDSVILL  IN   46055  Primary    SFR          360
22645386  DROST, KENNETH            110 HEWES DR             NORTH BARRI  IL   60010  Primary    SFR          360
22645717  STOPPENHAGEN, E           13291 S BERRY LANE       DRAPER       UT   84020  Primary    SFR          360
22646152  PALUMBO, MAURICE          41 ELIZABETH CIR         LARKSPUR     CA   94904  Primary    SFR          360
22646202  GROVER, MARGARET          22 WILLOW LANE           SAUSALITO    CA   94965  Primary    Condo        360
22646210  GOUREVITCH, SERGEI        375 PARKSIDE DRIV        PALO ALTO    CA   94306  Primary    SFR          360
22646384  EVANS, DANIEL             3726 SAPPHIRE DRIV       MARTINEZ     GA   30907  Primary    PUD          360
22646756  GROSCHNER, JOHN           1908 HIGHGATE ROAD       PITTSBURGH   PA   15241  Primary    SFR          360
22646798  BOWHAY, JAMES             4080 GARDEN              WESTERN SPR  IL   60558  Primary    SFR          360
22646863  NOVAK, ROBERT             2909 CROOKED STICK       PLANO        TX   75093  Primary    PUD          240
22647317  HOLLY, GARY               3800 TUMBRIL LANE        PLANO        TX   75023  Primary    SFR          360
22647390  MITCHELL SR, JEFFREY      606 MACE DRIVE           FORT WASHIN  MD   20744  Primary    SFR          360
22648166  TRIVISONNO, MICHAEL       122 BERRY ST             VIRGINIA     VA   22180  Primary    SFR          360
22648356  LEE, DENNIS               41007 PAJARO DR          FREMONT      CA   94539  Primary    SFR          360
22648505  CARY, STEVEN              7470 MARGARITA PLA       COLORADO SP  CO   80919  Primary    PUD          360
22648794  DUNCAN, MICHAEL           1787 CHURCHILL DOW       WEST CHESTE  PA   19380  Primary    SFR          360
22649263  EMEIS, WILLIAM            8010 TABLE MESA WA       COLORADO SP  CO   80919  Primary    PUD          360
22649354  LAIN, ROBERT              14710 WYRICK AVE         SAN JOSE     CA   95124  Primary    SFR          360
22649461  BARRUS, JOSEPH            17215 BIG PINE           RENO         NV   89511  Primary    SFR          360
22649669  DUMM, FRANKLIN            122 PARADISE DRIV        TIBURON      CA   94920  Primary    Condo        360
22649792  BERG HILLINGE, WILLIAM    27607 BRIARCLIFF PL      VALENCIA     CA   91354  Primary    SFR          360
22650915  HOPKINS, DOUGLAS          700 N DOBSON RD          CHANDLER     AZ   85224  Primary    SFR          360
22651152  MILLER, PAUL              5664 GREENSHADE ROAD     SAN DIEGO    CA   92121  Primary    PUD          360
22651228  GAGLIASSO, ROBERT         12501 JOLENE CT          SARATOGA     CA   95070  Primary    SFR          360
22651251  MARSHALL, JOHN            1739 E CLIFTON           ATLANTA      GA   30307  Primary    SFR          360
22651327  SCHULTZ, JOHN             10215 SUMMER PLACE       EDEN PRAIRI  MN   55347  Primary    SFR          300
22651467  MASTERS, JAMES            1813 REDWING COURT       SOUTHLAKE    TX   76092  Primary    SFR          360
22652176  RUBIN, S                  7838 SANDHILL COUR       WEST PALM B  FL   33412  Primary    SFR          360
22652234  DYCAICO, DAVID            501 BLUEBIRD PL          DAVIS        CA   95616  Primary    SFR          360
22652267  FALKE, MICHAEL            7804 DEVEREUX MANO       FAIRFAX STA  VA   22039  Primary    SFR          360
22652341  WOODWARD, KIRK            14762 BOND               OVERLAND PA  KS   66221  Primary    PUD          360
22652382  OBRUBA, KEVIN             107 BRIDGETTE PLA        LEESBURG     VA   20176  Primary    SFR          360
22652747  FINN, ANDREW              4416 SOUTHERN AVEN       HIGHLAND PA  TX   75205  Primary    SFR          360
22652937  VAN DEURSEN, HOLLY        209 FOREST               OAK PARK     IL   60302  Primary    SFR          360
22652960  FISCHER, JEFFREY          731 ASPEN TRAIL          RENO         NV   89509  Primary    PUD          360
22653166  GLENN, JOHN               7307 PINERIDGE DR        PARK CITY    UT   84098  Primary    SFR          360
22653307  SANDERSON, ALAN           1165 BUCKNAM COURT       CAMPBELL     CA   95008  Primary    SFR          360
22653810  ROSE, ADAM                35 DICKENS STREE         STONY POINT  NY   10980  Primary    SFR          360
22653984  JEHLE, DONALD             2111 WHALEY AVE          PENSACOLA    AL   32503  Primary    SFR          360
22654255  WEISER, JOHN              3042 CHICKWEED PLA       IJAMSVILLE   MD   21754  Primary    PUD          360
22654446  MCEVOY, SHAUN             713 PROMENADE LN         SAN JOSE     CA   95138  Primary    PUD          360
22654818  KARCHMER, HARVEY          16774 N 108TH WAY        SCOTTSDALE   AZ   85259  Primary    PUD          360
22654875  FRANCIS, SUSAN            24 WEDGEWOOD RD          CHAPEL HILL  NC   27514  Primary    SFR          360
22655112  ESTACIO, ALEXANDER        10345 TWINGATE DRIV      ALPHARETTA   GA   30022  Primary    SFR          360
22655716  WATSON, GORDON            11115 N CALAMONDIN       TUCSON       AZ   85737  Primary    PUD          360
22655732  BLACKWELL, DAVID          52 W ANDOVER TRAIL       EDWARDS      CO   81632  Primary    PUD          360
22655856  COOKE, PATRICIA           1654 WELLINTON WES       CARSON CITY  NV   89703  Primary    SFR          360
22656078  MURAWSKI, THOMAS          3237 23RD AVENU WE       SEATTLE      WA   98199  Primary    SFR          360
22656086  KETTERSON, ANNETTE        NHN BETHRIDGE            EASTSOUND    WA   98245  Primary    SFR          360
22656102  IDDINS, DANIEL            1630 149TH AVE SE        SNOHOMISH    WA   98290  Primary    SFR          360
22656128  SKIFFINGTON, JOHN         3600 N WENDELL RD        TUCSON       AZ   85749  Primary    SFR          360
22656326  KANTON, DANIEL            12715 LINDRICK LN        CHARLOTTE    NC   28277  Primary    SFR          360
22656359  MYUNG, HO                 20135 RHODA CIRCLE       CERRITOS     CA   90703  Primary    SFR          360
22656599  KELLY III, WILLIAM        116 AARON COURT          NOVATO       CA   94949  Primary    SFR          360
22656672  ZARR, DAVID               6242 TERWILLIGER W       HOUSTON      TX   77057  Primary    PUD          360
22656763  DEROSA, G                 50 LICHEN LANE           KEYSTONE     CO   80435  Secondary  PUD          360
22656771  NICHOLS, RUBEN            244 DALESHIRE PLA        MONTGOMERY   AL   36117  Primary    SFR          360
22656813  MISHLER, WILLIAM          1885 THREE MILE CT       RENO         NV   89509  Primary    PUD          360
22656847  SNYDER, MICHAEL           1341 IRONWOOD COUR       DEFIANCE     OH   43512  Primary    SFR          360
22656870  MCDAVID, RICHARD          733 HARBOR POINT DR      JOHNSON CIT  TN   37615  Primary    SFR          360
22656896  MURPHY, JOHN              10200 SWEETWOOD AVE      ROCKVILLE    MD   20850  Primary    SFR          360
22657027  WESTBY, MICHAEL           11690 SE CLOVER LN       PORTLAND     OR   97266  Primary    SFR          360
22657134  BOBO, STEPHEN             1215 FOREST AVENUE       WILMETTE     IL   60091  Primary    SFR          360
22657456  MANER, RICHARD            3674 CLOUDLAND DRI       ATLANTA      GA   30327  Primary    SFR          360
22657530  FRANK, CRAIG              123 WILMOT CIRCLE        SCARSDALE    NY   10583  Primary    SFR          360
22658009  TYRREL, ROBERT            3910 W NANCY CREEK COU   ATLANTA      GA   30319  Primary    SFR          360
22658652  HERMAN, DENNIS            5790 NORTHWOOD DRI       EVERGREEN    CO   80439  Primary    SFR          360
22658892  CAMPBELL, HUGH            7715 PRAIRIE LAKE        PARKER       CO   80134  Primary    PUD          360
22658983  GINSBURG, HOWARD          6934 E HUMMINGBIRD L     PARADISE VA  AZ   85253  Primary    SFR          360
22659072  OREILLY, PETER            998 LAS PAVADES A        SAN RAFAEL   CA   94903  Primary    SFR          360
22659189  SCHNETZER, JOHN           4945 E RANCHO PIERIA     CAVE CREEK   AZ   85331  Primary    PUD          360
22659544  HALEJR, RONALD            30417 BARRY CREEK D      GEORGETOWN   TX   78628  Primary    PUD          360
22659916  GODSEY, DIRK              12 PEACOCK DRIVE         SAN RAFAEL   CA   94901  Primary    SFR          360
22659957  REHDER, RICK              290 STRATFORD COU        LAKE MARY    FL   32746  Primary    SFR          360
22660229  FIGEL, JAMES              5635 NE WINDERMERE RD    SEATTLE      WA   98105  Primary    SFR          360
22660583  COHN, NEIL                693 NECTAR DRIVE         BRENTWOOD    CA   94513  Primary    SFR          360
22660815  YOUNG, JEFFERY            4740 LIVINGSTONE P       SANTA ROSA   CA   95405  Primary    PUD          360
22661243  SWINIUCH, JAMES           1827 VALLEY ROAD         NEWTOWN SQU  PA   19073  Primary    SFR          360
22661359  KLEIN, LAWRENCE           3500 FOXHALL ROAD        NASHVILLE    TN   37215  Primary    SFR          360
22661383  MATTOS, DAVID             100 VALLEY SUMMIT        ROSWELL      GA   30075  Primary    PUD          360
22661532  DELONEY JR, RICHARD       106 GRACE LN             FALLS CHURC  VA   22046  Primary    SFR          240
22661763  WALDRON III, WILLIAM      6238 MUIRLOCH CT S       DUBLIN       OH   43017  Primary    PUD          360
22662035  AOYAMA, GREGG             7052 NW 25TH AVE         SEATTLE      WA   98117  Primary    SFR          360
22662506  LINGEN, MARK              325 S CLINTON            OAK PARK     IL   60302  Primary    SFR          360
22662571  PICKERELL, DAVID          204 OAKVIEW DRIVE        MOUNT WASHI  KY   40047  Primary    SFR          360
22662688  STARK, KARL               5824 HICKORY PLACE       PARKVILLE    MO   64152  Primary    PUD          360
22663116  DICKEY, WILLIAM           2332 SUL ROSS ST         HOUSTON      TX   77098  Primary    SFR          360
22663231  RANDALL IV, EDWARD        5684 LONGMONT DR         HOUSTON      TX   77056  Primary    PUD          360
22663355  PORTER, MELVIN            245 S FIRENZA WAY        ORANGE       CA   92869  Primary    SFR          360
22663363  SEPULVEDA, ROY            260 S FIRENZA WAY        ORANGE       CA   92869  Primary    SFR          360
22663397  GROSSE RHODE, PAUL        2350 PLACER ST           FRANKTOWN    CO   80116  Primary    SFR          360
22663470  HAMILTON, ALISON          540 MEADOWMEADE L        LAWRENCEVIL  GA   30043  Primary    PUD          360
22663660  ENDRES, KATHY             3137 EDGEWATER VIE       WOODBURY     MN   55125  Primary    SFR          360
22663769  JOHNSON, MICHAEL          3330 E 7TH AVE           DENVER       CO   80206  Primary    SFR          360
22663892  SLAVENS, LESLIE           21230 ROAD P             CORTEZ       CO   81321  Primary    SFR          360
22663918  BOMMARITO, FRANK          7800 COVENTRY DRIV       CASTLE ROCK  CO   80104  Primary    SFR          360
22664114  HARMOUNT, V               33786 HEARTLAND CT       UNION CITY   CA   94587  Primary    SFR          360
22664148  BLAIR, ROY                36394 CRYSTAL SPRIN      NEWARK       CA   94560  Primary    PUD          360
22664155  LOEWE, L                  2428 HERITAGE WAY        UNION CITY   CA   94587  Primary    SFR          360
22664379  WESDORP, R                812 ENGLEWOOD COURT      VILLA HILLS  KY   41017  Primary    SFR          360
22664387  MILLER, ROBERT            1206 NE WHISPERING WI    RIDGEFIELD   WA   98642  Primary    SFR          360
22664551  AITKEN, ROBERT            1671 THOMAS RD           WAYNE        PA   19087  Primary    SFR          360
22664619  ASKEW, DANIEL             2201 VISTA LA NISA       CARLSBAD     CA   92009  Primary    SFR          360
22664643  JOHNSON, FRANK            5165 MAIN GORE DRI       VAIL         CO   81657  Primary    SFR          360
22664908  GEISEN, SANDRA            3074 FRIARS LANE         EDGEWOOD     KY   41017  Primary    SFR          360
22664940  BREGMAN, PAUL             450 MONROE ST            DENVER       CO   80206  Primary    SFR          360
22664981  KEYES, WILLIAM            5504 NW CHEVY CHASE P    DISTRICT OF  WA   20015  Primary    SFR          360
22665160  DICKSON, ALFRED           1271 ANNAPOLIS WAY       GRAYSON      GA   30017  Primary    PUD          360
22665467  DANCER, CRAIG             43419 TURNBERRY ISL      LEESBURG     VA   20176  Primary    PUD          360
22665855  CURPHEY, JAMES            1634 ESSEX ROAD          COLUMBUS     OH   43221  Primary    SFR          360
22666119  NOWAG, DARRYL             11715 SPRING MANOR LA    EADS         TN   38028  Primary    SFR          360
22666291  WIEBEL, KEVIN             1205 DOVE BROOK COUR     ALLEN        TX   75002  Primary    PUD          360
22666432  MARTINEZ, ORLANDO         33762 TRAILSIDE WAY      UNION CITY   CA   94587  Primary    SFR          360
22666481  CUNNINGHAM, JOSEPH        7643 E CEDAR CREEK W     ORANGE       CA   92869  Primary    SFR          360
22666523  WOOD, KEITH               2775 S BRAUN WAY         LAKEWOOD     CO   80228  Primary    PUD          360
22667174  TALREJA, RAMESH           155 CHICKERING LA        ROSWELL      GA   30075  Primary    PUD          360
22667265  JANIS, MICHELE            9008 ALTON PKWY          SILVER SPRI  MD   20910  Primary    SFR          360
22669113  STIEGLER, PAUL            1109 KINGS WAY           VIENNA       VA   22180  Primary    SFR          360
22669212  RIVES, MARK               6205 SANDIA LANE         BERTHOUD     CO   80513  Primary    PUD          360
22669287  MUECKE, CHARLES           16604 SHADY OAKS DR      RAMONA       CA   92065  Primary    SFR          360
22669352  DEGROOT, HOLLY            6 SANTA YOKMA C          NOVATO       CA   94945  Primary    PUD          360
22669857  BLACK, WILLARD            1655 8TH STREET DR       HICKORY      NC   28601  Primary    SFR          360
22669873  HEWETT, RON               132 ISLEWORTH COU        ADVANCE      NC   27006  Primary    PUD          360
22669964  JENRETTE, JON             3115 CLOVERFIELD R       CHARLOTTE    NC   28211  Primary    SFR          360
22670681  SMITH, DAVID              1278 & 1280 BIG          COLUMBUS     GA   31904  Primary    SFR          360
22670822  STEPHANUS, BLAISE         4490 CLAY STREET         BOULDER      CO   80301  Primary    SFR          360
22670954  MILESKI, WILLIAM          4222 BUCANNEER           GALVESTON    TX   77554  Primary    SFR          360
22671267  FALCONE, FRANK            26656 N 43RD STREET      PHOENIX      AZ   85331  Primary    PUD          360
22671309  DELMORE, PAUL             1181 AGATE STREET        SAN DIEGO    CA   92109  Primary    SFR          360
22671424  GOLDMAN, STANTON          3441 AMHERST AVE         UNIVERSITY   TX   75225  Primary    SFR          360
22671630  BLAKEMORE, ELIZABETH      12565 COUNTY RD          ALMONT       CO   81210  Secondary  SFR          360
22671721  KISSACK, JOE              585 CHESTNUT HALL        ATLANTA      GA   30327  Primary    SFR          360
22671739  MIRIII, GASPER            2010 CANDLELIGHT P       HOUSTON      TX   77018  Primary    PUD          360
22673073  LIVERMORE, MICHAEL        13645 SW BELL RD         SHERWOOD     OR   97140  Primary    SFR          360
22673289  NICKLES, THOMAS           3896 VISTACREST DR       RENO         NV   89509  Primary    PUD          360
22673974  BRISTOE, JAMES            12741 ALSWELL LANE       ST LOUIS     MO   63128  Primary    SFR          360
22674493  ERICKSON, SUZANNE         6114 BALMORAL DRIV       DUBLIN       OH   43017  Primary    PUD          360
22674667  KELLY, ROBERT             780 BONNIE BRAE B        DENVER       CO   80209  Primary    SFR          360
22674774  HARRISON, DANIEL          407 SCHOOLERS PON        ARNOLD       MD   21012  Primary    PUD          360
22674972  CLARY, ROBERT             5503 WALNUT GROVE RO     MEMPHIS      TN   38117  Primary    SFR          360
22675318  OKABE, JERRY              843 TULLY WAY            CONCORD      CA   94518  Primary    SFR          360
22676613  MILLS, ROBERT             5 INWOOD AUTUMN          SAN ANTONIO  TX   78248  Primary    SFR          360
22676670  POHL, NORVAL              1806 TIMBER RIDGE        CORINTH      TX   76205  Primary    SFR          360
22676761  COHENOUR, KENT            17112 COVENTRY LN        OKLHOMA CIT  OK   73120  Primary    SFR          360
22677017  TAFT, KENNETH             1610 COVENTRY RD         CHARLOTTE    NC   28211  Primary    SFR          360
22677223  DURKIN, EDWARD            4306 MANORWOOD DR        BALTIMORE    MD   21057  Primary    SFR          360
22677272  MONGER, MICHELLE          3409 VILLANOVA DRIVE     UNIVERSITY   TX   75225  Primary    SFR          360
22677785  FINCH, LAWRENCE           2336 S FENTON DR         LAKEWOOD     CO   80227  Primary    PUD          360
22677835  JONES, EVON               11434 E MISSION LANE     SCOTTSDALE   AZ   85259  Primary    PUD          360
22677926  SWAIN, IVAN               5933 DOROTHY BOLTO       ALEXANDRIA   VA   22310  Primary    SFR          360
22678098  ROBERTS, MATTHEW          1153 WATER POINTE LA     RESTON       VA   20194  Primary    SFR          360
22678130  EVERETT, MARK             2173 COUNTRY CLUB        MILLIKEN     CO   80543  Primary    SFR          360
22678171  WILSON, THOMAS            8924 CALUMET COVE        GERMANTOWN   TN   38138  Primary    SFR          360
22678494  MCDANIEL, MARK            9349 WILLIAMS GLEN C     GERMANTOWN   TN   38139  Primary    SFR          360
22678635  GUNN, MARK                613 WESTBROOK DR         AUSTIN       TX   78746  Primary    SFR          360
22680391  REES, WILLIAM             1628 E NEW BEDFORD D     SALT LAKE C  UT   84103  Primary    PUD          360
22681415  JAMES, GUY                500 FAIRFAX STREE        DENVER       CO   80220  Primary    SFR          360
22681423  ALDRIDGE, EDWARD          8761 S WESTWIND LN       HIGHLANDS R  CO   80126  Primary    PUD          360
22681571  ROETERING, JOSEPH         3746 BAKER SCHOOLH       FREELAND     MD   21053  Primary    SFR          360
22681613  LORETZ, LEE               256 RIVIERA DR           SAN RAFAEL   CA   94901  Primary    SFR          360
22682231  SLACK, MARK               6917 MILL RUN CIRC       NAPLES       FL   34109  Primary    PUD          360
22682397  FRANKENFIELD, JAMES       1213 GLOUCESTER LA       VIRGINIA BE  VA   23454  Primary    SFR          360
22682595  HESS, ANNE                1140 CEDAR POINT R       VA BEACH     VA   23451  Primary    SFR          360
22683270  GALVIN, THOMAS            409 TEXAS POINT          SAN ANTONIO  TX   78258  Primary    PUD          360
22683387  SAAH, CHARLIE             1546 CRANSTON DR         KNOXVILLE    TN   37922  Primary    SFR          360
22683593  GIBSON, KEVIN             389 ELK TRAIL            LAYFETTE     CO   80026  Primary    PUD          360
22683650  WICK, ROBERT              14231 SE 157TH PL        RENTON       WA   98058  Primary    SFR          360
22683676  DIERICKX, DEAN            1245 HAWLEY WAY NE       BAINBRIDGE   WA   98110  Primary    SFR          360
22683684  SHIMADA, PAUL             20038 NE 190TH AVE       WOODENVILLE  WA   98072  Primary    SFR          360
22683817  RICKARD, PAUL             365 OAKWOOD PL           BOULDER      CO   80304  Primary    SFR          360
22683973  BUEHRIG, RICHARD          8 WEST POINT ROAD        COLORADO SP  CO   80906  Primary    SFR          360
22684096  NOVEY, THOMAS             2484 N 4249TH ROAD       SHERIDAN     IL   60551  Primary    SFR          360
22684187  MIRACLE, MICHAEL          14 CHARDONNAY DR         HOLMDEL      NJ    7733  Primary    SFR          360
22684708  BIESBROCK, AARON          11656 WINDY HILL CT      LOVELAND     OH   45140  Primary    SFR          360
22684872  BROWN, CLEMENT            3S735 TERRACE DR         AURORA       IL   60506  Primary    SFR          360
22685085  DERTKE, ARTHUR            2518 BRENTON POINT       RESTON       VA   20191  Primary    SFR          360
22685135  THEPPOTE, TOOLE           6616 BRIAR COVE DRIV     DALLAS       TX   75240  Primary    PUD          360
22685184  KASEL, DOUGLAS            222 W DRIVE              GOLDEN       CO   80403  Primary    PUD          360
22685523  KENNEDY, WADE             2225 OAK HILLS DRIVE     COLORADOS S  CO   80919  Primary    SFR          360
22685796  GRIMES, ROBERT            1031 OVERTON LEA ROA     NASHVILLE    TN   37220  Primary    SFR          360
22686646  THEIS, KARL               10202 N 54TH PLACE       PARADISE VA  AZ   85253  Primary    SFR          360
22687057  WHEELER, LOREN            4669 S COUNTY RD 23      LOVELAND     CO   80537  Primary    SFR          360
22687107  CODY JR, MELVILLE         4009 ELLA LEE LANE       HOUSTON      TX   77027  Primary    SFR          360
22687289  COURSEY, MICHAEL          4748 RESERVOIR ROA       WASHINGTON   DC   20007  Primary    SFR          360
22687420  PAYNE, S                  10100 HOOVER WOODS       GALENA       OH   43021  Primary    SFR          360
22687545  KOUMBIS, GREGORY          2400 TANNING REEVE       VIRGINIA BE  VA   23456  Primary    SFR          360
22687750  CROWLEY, JAMES            1780 JUNIPER HILL        ASPEN        CO   81611  Primary    SFR          360
22687982  HUGHES, MARK              1 LOG CHURCH RD          WILMINGTON   DE   19807  Primary    SFR          360
22688816  SCHAFER, KRISTINA         1225 WREN LANE           PETALUMA     CA   94954  Primary    SFR          360
22689822  CALLAHAN, MICHAEL         404 S PAYNE ST           ALEXANDRIA   VA   22314  Primary    Townhouse    360
22689905  WALSH, JOHN               1908 GRAPE STREET        DENVER       CO   80220  Primary    SFR          360
22689913  HENNESSY, MICHAEL         14 EDGEWOOD ROAD         YARDLEY      PA   19067  Primary    SFR          360
22689921  SCHMIT, JOEL              2212 NW 116TH ST         VANCOUVER    WA   98685  Primary    SFR          360
22690770  BRIDGES, KENDALL          3403 CYPRESSDALE C       SPRING       TX   77388  Primary    SFR          360
22691273  ANDERSON III, WILLIAM     5031 GALLATREE LAN       NORCROSS     GA   30092  Primary    SFR          360
22691638  GLOVER, MICHAEL           4223 ROSA COURT          DALLAS       TX   75220  Primary    SFR          360
22692016  TOMMIE, G                 1815 HARPETH RIVER       BRENTWOOD    TN   37027  Primary    SFR          360
22692024  WILLIAMS, CHRISTOPHER     3407 ALABAMA AVENU       ALEXANDRIA   VA   22305  Primary    SFR          360
22692255  JOHNSON, MICHAEL          3141 E 86TH STREET       TULSA        OK   74137  Primary    PUD          360
22693972  ADAMS, WARREN             102 LANG COURT           SUISUN CITY  CA   94585  Primary    SFR          360
22694160  NEISES, MARK              9465 REED COURT          WESTMINSTER  CO   80021  Primary    SFR          360
22694178  DEAN, ROBERT              37W993 HERITAGE OAKS     ST CHARLES   IL   60175  Primary    SFR          360
22694558  ANDERSON, BRENT           2174 HARVEST PL          LIVERMORE    CA   94550  Primary    PUD          360
22694574  FARGAS, ANTONIO           5386 ASPENWOOD CT        CONCORD      CA   94521  Primary    SFR          360
22696405  DANDRETA, TOMMASO         3651 ALLEN RD            ORTONVILLE   MI   48462  Primary    SFR          360
22697478  COLEMAN, GREGORY          2415 MCCLEARY RD         SEVIERVILLE  TN   37876  Primary    SFR          360
22697700  SAUNDERS, WILLIAM         5654 W IDA DRIVE         LITTLETON    CO   80123  Primary    PUD          360
22697874  KERR JR, JAMES            51005 BUCK MOUNTAIN      STEAMBOAT S  CO   80487  Secondary  SFR          360
22698427  TRAINOR, WILLIAM          13960 ESTILL DRIVE       LAKEWOOD     OH   44107  Primary    SFR          360
22698500  SULLIVAN, ANN             1619 FLINTROCK CT        FINKSBURG    MD   21048  Primary    SFR          360
22699193  TANNER, GREGORY           41 NORTHRIDGE WA         SANDY        UT   84092  Primary    SFR          360
22699706  PENDERGAST, WILLIAM       3306 STEPHENSON PLAC     WASHINGTON   DC   20015  Primary    SFR          360
22699979  BOOGAARD, THOMAS          1980 LAZY Z ROAD         BOULDER      CO   80308  Primary    SFR          360
22703730  THORNHILL, MICHAEL        9530 VISTA ST            LENEXA       KS   66220  Primary    PUD          360
22703813  KELLERMAN, BARRY          24 MASTERS PLACE C       MAUMELLE     AR   72113  Primary    SFR          360
22704258  HORNSCHUCH, DONALD        10065 SW CLARK HILL RD   BEAVERTON    OR   97007  Primary    SFR          360
22705289  COBB, ANDREW              4135 SADDLE ROCK R       COLORADO SP  CO   80918  Primary    SFR          360
22705297  MUNOFF, SAMUEL            123 EVANS CIRCLE         BROOMFIELD   CO   80020  Primary    SFR          360
22705651  SULLIVAN, DANIEL          9521 LA COSTA LN         LONE TREE    CO   80124  Primary    PUD          360
22706014  LONG, CHARLES             145 TWINBERRY CIR        RENO         NV   89511  Primary    SFR          360
22706022  HACKNEY, CHARLES          624 CONIFER DR           EVERGREEN    CO   80439  Primary    SFR          360
22706030  FREEMAN, MARC             16 EAGLETON FARM         NEWTOWN      PA   18940  Primary    PUD          360
22706048  SIDDIQ, SYED              19 HONEYMAN RD           BASKING RID  NJ    7920  Primary    SFR          360
22706113  LUONG, DANNY              526 CORTEZ RD            ARCADIA      CA   91007  Primary    SFR          360
22706451  NOVELLAS, EDWARD          4512 RIVER RILL CO       ATLANTA      GA   30327  Primary    SFR          360
22706477  KNAISCH, MICHAEL          565 ST ANDREWS LN        LOUISVILLE   CO   80027  Primary    PUD          360
22706592  THETFORD, TARA            1025 LAKE COLONY L       BIRMINGHAM   AL   35242  Primary    PUD          360
22706634  SUANSING, REMUEL          1698 ST ANDREWS DR       DERNON HILL  IL   60061  Primary    SFR          360
22706691  ADSIT, CHARLES            732 GLEN DRIVE           SAN LEANDRO  CA   94577  Primary    SFR          360
22706915  RIECHERS, JOEL            1025 ELM STREET          WINNETKA     IL   60093  Primary    SFR          360
22707228  MARTIN, KEVIN             3790 E WHITEBAY          HIGHLANDS R  CO   80126  Primary    PUD          360
22709190  JAUREGUI, J               301 LAKE CLIFF TR        AUSTIN       TX   78746  Primary    SFR          360
22709976  ALGHINI, MATTHEW          28620 ASHFORD CT         LAKE BLUFF   IL   60044  Primary    SFR          360
22710115  LINDSAY, RICHARD          6523 SEWANEE STREET      HOUSTON      TX   77005  Primary    SFR          360
22710255  TILLINGHAST, STANLEY      38083 BREAKER REACH      THE SEA RAN  CA   95497  Secondary  PUD          360
22711063  STAATS, ERIK              429 BAHR DR              BEN LOMOND   CA   95005  Primary    SFR          360
22711212  WIEDERHOEFT, JOHN         2040 GREEN ST            SAN FRANCIS  CA   94123  Primary    Condo        360
22711261  PETERSON, FREDERICK       6 CREEKSIDE CT           NOVATO       CA   94947  Primary    SFR          360
22711592  CHAPMAN, WILLIAM          1931 OTTER CREEK ROA     NASHVILLE    TN   37215  Primary    SFR          360
22711626  HEATHCOTE, DEAN           15840 SE 45TH ST         BELLEVUE     WA   98006  Primary    SFR          360
22711634  RIGGIO, JOSEPH            122 WILER AVE            LOS GATOS    CA   95030  Primary    SFR          360
22712061  DANNENBERG, JERRY         6 EL PRADO COUR          SANTA ROSA   CA   95405  Primary    SFR          360
22712095  LEWIS, FRANKLIN           283 CRABAPPLE LAN        DAHLONEGA    GA   30533  Primary    SFR          360
22712327  TUPPER, ANSEL             5 DRAKES SUMMIT          INVERNESS    CA   94937  Primary    SFR          360
22712483  VACHON, BERNARD           124 KENNAN STREET        SANTA CRUZ   CA   95060  Primary    PUD          360
22712863  MILLEMANN, AUDREY         4204 DOGWOOD PLACE       DAVIS        CA   95616  Primary    SFR          360
22713374  NEEDHAM, STEVEN           2 CHESTNUT HILL          BOWLING GRE  KY   42103  Primary    SFR          360
22713564  DOZIER, DAVID             5960 CALAIS CT           INDIANAPOLI  IN   46220  Primary    SFR          360
22713598  BUCK, ERNEST              5323 CALLE BUJIA         TUSCON       AZ   85718  Primary    SFR          360
22713630  DALLIER, CHARLES          5730 DUTCH HILL DR       SALEM TWP.   MI   48105  Primary    SFR          360
22714000  PHELPS, MARK              2095 EILENE DR           PLEASANTON   CA   94588  Primary    SFR          360
22714273  STOPKA, GREGORY           585 ERIC COURT           LAKE ZURICH  IL   60047  Primary    SFR          360
22714455  JAMIESON, MARK            1537 ARUBUTUS DR         SAN JOSE     CA   85118  Primary    SFR          360
22714547  THEBY, RONALD             27 MUIRFIELD LN          ST LOUIS     MO   63141  Primary    SFR          360
22714604  BRYANT, TOM               14663 NE 16TH ST         BELLEVUE     WA   98007  Primary    SFR          360
22714653  MCDUFFIE, JOHN            5320 WESTPATH WAY        BETHESDA     MD   20816  Primary    PUD          360
22715155  CHILDS, DAVID             19688 E CALEY DRIVE      AURORA       CO   80016  Primary    SFR          360
22715825  CARSTENS, ROBERT          18805 3RD ST EAST        SUMNER       WA   98390  Primary    SFR          360
22716054  ISAAC, RUTH               70 HUNTINGTON RD         ATLANTA      GA   30305  Primary    SFR          360
22716294  ZUEGER, PAUL              31 HONDA DR              EDWARDS      CO   81632  Primary    SFR          360
22716302  KELLY, GARY               29135 DEER CREEK         MAGNOLIA     TX   77355  Primary    SFR          360
22716443  ROTHSCHILD, DAVID         9622 CEDARHURST DR       HOUSTON      TX   77096  Primary    PUD          360
22716583  JONES JR, ROBERT          14359 NOLEN LANE         CHARLOTTE    NC   28277  Primary    SFR          360
22716799  RAMOHALLI, GAUTHAM        26545 N 86TH WAY         SCOTTSDALE   AZ   85255  Primary    PUD          360
22716898  GILLIES, PETER            9263 FAUNTLEROY WA       SEATTLE      WA   98146  Primary    SFR          360
22717284  EATON, MARY               147 LAKE BLUFF DR        COLUMBUS     OH   43235  Primary    SFR          360
22717607  KEIGER, CHARLIE           2637 HAMPTON AVE         CHARLOTTE    NC   28207  Primary    SFR          360
22717805  FULLMER, CHARLES          4801 PROPES DRIVE        OAKWOOD      GA   30566  Primary    SFR          360
22718100  CHAPMAN, MICHELLE         5484 CLONMEL COURT       ALEXANDRIA   VA   22315  Primary    PUD          360
22718159  MURATA, MATTHEW           775 E SAN FERNANDO       SAN JOSE     CA   95112  Primary    SFR          360
22718225  LAVALLE, MICHAEL          5241 ROYAL CREST D       DALLAS       TX   75229  Primary    SFR          360
22718498  FREDRICKSON, KEITH        2265 SHAKESPHERE ST      HOUSTON      TX   77030  Primary    SFR          360
22718662  LEE, CLARENCE             36346 CRYSTAL SPRIN      NEWARK       CA   94560  Secondary  PUD          360
22718696  WOODS, TIMOTHY            41 MAPLE LN              GLEN MILLS   PA   19342  Primary    PUD          360
22718910  WIRT, DENNIS              10506 LOUISVILLE LA      UPPER MARLB  MD   20772  Primary    SFR          360
22718951  SIU, LYDIA                20884 PLANETREE FOR      STERLING     VA   20165  Primary    SFR          360
22719041  KUO, JERRY                8627 LEROY PLACE         FAIRFAX      VA   22031  Primary    SFR          360
22719058  TOBINJR, FRANK            606 N PITT ST            ALEXANDRIA   VA   22314  Primary    SFR          360
22719082  BUFORD, CAROLYN           405 CREEK VALLEY         ROCKVILLE    MD   20850  Primary    SFR          360
22719405  WILLIAMS, JOEL            9405 RAVEN HOLLOW        BRENTWOOD    TN   37027  Primary    SFR          360
22719652  KAFILUDDI, RONNY          6812 RIDGES COURT        BETTENDORF   IA   52722  Primary    SFR          360
22719785  WEINSTEIN, GEOFFREY       12515 KINGSPINE AVE      SAN DIEGO    CA   92131  Primary    SFR          360
22720577  GHAFFARI, SHAHRIAR        5912 NW PL               AUSTIN       TX   78731  Primary    SFR          360
22721492  ZIMMERMANNJR, ROBERT      8180 WINGED FOOT D       ATLANTA      GA   30350  Primary    SFR          360
22721534  HACKMAN, BENJAMIN         132 TULL PLACE           ALEXANDRIA   VA   22304  Primary    PUD          360
22721666  HENDERSON, DONALD         703 MOSBY CIRCLE         HOUSTON      TX   77007  Primary    SFR          360
22722573  ULRICH, NORBERT           2241 EATON GATE RD       LAKE ORION   MI   48360  Primary    SFR          360
22722680  BELLUSCI, BRUCE           638 GREGFORD ROAD        BURR RIDGE   IL   60521  Primary    SFR          360
22723910  RIEDER, CHRISTOPHER       4950 NW 115TH WAY        CORAL SPRIN  FL   33076  Primary    PUD          360
22724074  MITCHELL, RUTH            1001 NW 26TH ST          DIST OF COL  DC   20037  Primary    Condo        360
22724199  CORCORAN, NELSON          5779 BALMORAL DR         OAKLAND      CA   94619  Primary    SFR          360
22724298  ROTH, ANDREW              515 FOREST MEWS D        OAK BROOK    IL   60521  Primary    SFR          360
22724520  HARRISON, STEPHEN         909 HACIENDA AVE         DAVIS        CA   95616  Primary    SFR          360
22724934  SCHEFFLER, CRAIG          1763 CASEY CT            LAFAYETTE    CO   80026  Primary    PUD          360
22725014  GWINN, STEPHEN            9104 W WARREN DRIVE      LAKEWOOD     CO   80227  Primary    SFR          360
22725675  TUTTLE, GEORGE            2 MADELENE LN            SAN RAFAEL   CA   94901  Primary    SFR          360
22726897  LILLY, VICTOR             1341 ANGLESEY DRIV       DAVIDSONVIL  MD   21035  Primary    PUD          360
22727077  FUCHS, KENNETH            6857 NW 101ST TERRACE    PARKLAND     FL   33076  Primary    SFR          360
22728539  BARBIERI, CAROLE          306 MIDWEST CLUB         OAK BROOK    IL   60523  Primary    SFR          360
22729503  JOHNSON, FRANCIS          5805 FLINTSHIRE LA       DALLAS       TX   75252  Primary    SFR          360
22730345  HENRY, MICHAEL            2432 POTOMAC DRIVE       HOUSTON      TX   77057  Primary    PUD          360
22730774  MAYNARD, GARY             229 AUGUSTINE DR         MARTINEZ     CA   94553  Primary    SFR          360
22730790  NORTON, KIM               7867 E DESERT COVE A     SCOTTSDALE   AZ   85260  Primary    PUD          360
22730824  MAZZOCCO, FELIX           431 CRANSTON COURT       LONG BEACH   CA   90803  Primary    SFR          360
22730931  LYMAN, FRANK              19725 1ST PLACE SW       NORMANDY PA  WA   98166  Primary    SFR          360
22731509  CUNNINGHAM, IAN           43498 FIRESTONE PLA      LEESBURG     VA   20176  Primary    SFR          360
22732648  USSERY, RONALD            9935 NATURE MILL R       ALPHARETTA   GA   30022  Primary    PUD          360
22732671  GREEN, JEFFREY            13035 HARRINGTON DR      ALPHARETTA   GA   30004  Primary    SFR          360
22734388  WILLIAMS, MARIA           5630 CARMELLO CT         RANCHO CUCA  CA   91739  Primary    SFR          360
22735690  HATCHLEY, ROBERT          4965 BENTWOOD WAY        GRANITE BAY  CA   95746  Primary    PUD          360
22735708  BOLTON, DAVID             1103 CONCORD AVENU       SOUTHLAKE    TX   76092  Primary    PUD          360
22735732  CARDANINI, MARCO          60 SHELTERWOOD D         DANVILLE     CA   94506  Primary    PUD          360
22735757  LAL, SHARAD               5367 ASPENWOOD COU       CONCORD      CA   94521  Primary    SFR          360
22735773  MOONEY, REINA             833 TOPAZ DRIVE          WEST CHESTE  PA   19382  Primary    PUD          360
22735781  DENMARK, ROBERT           2121 BASSWOOD DRIV       LAFAYETTE H  PA   19444  Primary    PUD          360
22737209  CAYCE, ROGER              1730 SUNSET AVE SW       SEATTLE      WA   98116  Primary    SFR          360
22737779  LABOVITZ, STEVEN          5655 GLEN ERROL RO       ATLANTA      GA   30327  Primary    SFR          360
22739569  MENASCO, MATTHEW          2435 VINEYARD RD         NOVATO       CA   94947  Primary    SFR          360
22739643  SIEBERSON, STEPHEN        731 97TH AVE SOUT        BELLEVUE     WA   98004  Primary    SFR          360
22740047  ANSELMO, GREGORY          15835 W 67TH PLACE       ARVADA       CO   80007  Primary    PUD          360
22740435  SMITH, BRETT              1046 MONROE WAY          SUPERIOR     CO   80027  Primary    PUD          360
22740716  JURY, THEODORE            237 JUANITA WAY          SAN FRANCIS  CA   94127  Primary    SFR          360
22742746  YEN, BRUCE                11414 BROAD GREEN D      POTOMAC      MD   20854  Primary    PUD          360
22743470  SEAY, TIMOTHY             7911 AYLESFORD LAN       LAUREL       MD   20707  Primary    SFR          360
22744106  SMITH, JAMES              8357 JUSTIN RD           ALEXANDRIA   VA   22309  Primary    SFR          360
22744718  SURPRENANT, GREG          25897 N 115TH WAY        SCOTTSDALE   AZ   85255  Primary    PUD          360
22745087  KUYPER, ARJEN             16068 WOODBRIDGE CT      TRUCKEE      CA   96161  Primary    PUD          360
22749691  JENSEN, GREGORY           6235 LYNBROOK DRIVE      HOUSTON      TX   77057  Primary    PUD          360
22752018  DAVIS, JAMES              114 CAMBERLEY COU        COLUMBIA     SC   29223  Primary    PUD          360
22752109  OMID ZOHOOR, FARROKH      16712 SW BLACKBERRY LN   BEAVERTON    OR   97007  Primary    SFR          360
22758551  PERKINS, ROBERT           1715 FAWN BLUFF          SAN ANTONIO  TX   78248  Primary    PUD          360
22759765  OLYMPIA JAMES, DAISY      10088 COVER PL           FAIRFAX      VA   22030  Primary    SFR          360
22764880  BRODERICK CAN, JOHN       12404 WEST AUBURN D      LAKEWOOD     CO   80228  Primary    PUD          360
22765556  GERO, CATHERINE           8615 NE 221ST AVE        REDMOND      WA   98053  Primary    SFR          360
22773428  FERNANDEZ, RAMON          16732 W ARCHER AVE       GOLDEN       CO   80401  Primary    PUD          360
22773527  TEUSCHER, DUANE           22 SHEARWATER PL         THE WOODLAN  TX   77381  Primary    PUD          360
22773535  WOODRUFF, WILLIAM         939 MILLGROVE LN         HOUSTON      TX   77024  Primary    SFR          360
22778351  BILLINGHURST, MARK        8948 E CEDAR HILL PL     LITTLETON    CO   80124  Primary    SFR          360
22786628  EVANS, RONALD             7 CORBY LANE             SAN ANTONIO  TX   78218  Primary    SFR          360
25737925  TOWNSEND, DAVID           122 CHICORY LANE         TROUTMAN     NC   28166  Primary    SFR          360
26205369  PASTORE, DOMINICK         12837 BUNDLE ROAD        CHESTERFIEL  VA   23832  Primary    SFR          360
26506832  BLASE, KEVIN              3536 HIGH GROVE WAY      ATLANTA      GA   30319  Primary    PUD          360
26524132  BRUCE, ELISE              15140 MOHAWK CIRCLE      OVERLAND PA  KS   66224  Primary    PUD          360
26802751  MAYFIELD III, ROGER       4616 GABRIELLA LANE      OVIEDO       FL   32765  Primary    SFR          360
26876235  QUAGLETTI, MICHAEL        132 NEPTUNE AVENUE       HERMOSA BEA  CA   90254  Investor   SFR          360
26931949  MCMAHON, SCOTT            768 ARNOLD WAY           MENLO PARK   CA   94025  Primary    SFR          360
26947051  TING, TSE                 1121 WHITE CLIFF DRI     SAN JOSE     CA   95129  Primary    SFR          360
26961425  PERRY, BRIAN              1808 VALLEY OF THE M     LIVERMORE    CA   94550  Primary    SFR          360
26991257  KUBACH, GERALD            155 HIGHGROVE CT         CHESTERFIEL  MO   63005  Primary    PUD          360
27008903  RAMSTRUM, LAWRENCE        178 EVANS AVENUE         SUMMERLAND   CA   93067  Primary    SFR          360
27093061  MANNA, YONIT              3381 COWPER STREET       PALO ALTO    CA   94306  Primary    SFR          360
27096361  WHEATON, CHRIS            136 PANORAMIC WAY        WALNUT CREE  CA   94595  Primary    SFR          360
27107382  ZUMPANO, BERNARD          17088 W BONEFISH LANE    SUGARLOAF K  FL   33042  Secondary  SFR          360
27110519  HUANG, MING               233 S OAKHURST DRIVE     BEVERLY HIL  CA   90212  Primary    SFR          360
27116359  GHOSH, SWAPAN             1767 HERON AVENUE        SUNNYVALE    CA   94087  Primary    SFR          360
27128941  REDA, JOSEPH              3670 AVENIDA CALLADA     CALABASAS    CA   91302  Primary    PUD          360
27129493  DIANA, NICHOLAS           168 RUE DES CHATE        TARPON SPRI  FL   34689  Primary    PUD          240
27137520  KIANERCI, HOMAYOUN        11907 WOODHILL COURT     CUPERTINO    CA   95016  Primary    PUD          360
27138080  TANG, CONNIE              847 SUMMIT COURT         SUNNYVALE    CA   94086  Primary    SFR          360
27139070  WALKER, BRIAN             24 WOODLEAF CT           NOVATO       CA   94945  Primary    SFR          360
27141969  GIUDICE, SAL              107 THIRD STREET         SAUSALITO    CA   94965  Primary    SFR          360
27146612  SAKAKI, NORIYASU          158 INTERLOCHEN DR       PEACHTREE C  GA   30269  Primary    SFR          360
27146893  HYMAN, EARLE              22305 DUNMORE DRIVE      CALABASAS    CA   91302  Primary    SFR          360
27148345  COOLEY, PAUL              2524 MORLEY WAY          SACRAMENTO   CA   95864  Primary    SFR          360
27155761  GITIN, MARK               123 WAVERLY PLACE        MOUNTAIN VI  CA   94040  Primary    SFR          360
27164318  HIKEN, MARJORIE           5157 RENAISSANCE A       SAN DIEGO    CA   92122  Primary    Condo        360
27177146  BANDEL, STEVEN            1301 CURTIS AVENUE       MANHATTAN B  CA   90266  Primary    SFR          360
27186634  FITZSIMMONS, JOHN         6126 LA JOLLA BOULEV     LA JOLLA     CA   92037  Primary    SFR          360
27190974  YAZDI, ALI                10241 RANCHO PLACE       CUPERTINO    CA   95014  Primary    2-Family     360
27193754  CHANG, VINCENT            11818 OLD EUREKA WA      GOLD RIVER   CA   95670  Primary    SFR          360
27201789  LI, MIKE                  1861 37TH AVENUE         SAN FRANCIS  CA   94122  Primary    SFR          360
27208446  CLAIR, ALVIN              150 WINDY RIDGE CT       FAIRBURN     GA   30213  Primary    PUD          360
27216647  BARNS, JOHN               3204 MARQUETTE STREE     UNIVERSITY   TX   75225  Primary    SFR          360
27218601  GILBERT, BRIAN            3285 MONTECITO DRIVE     SAN JOSE     CA   95135  Primary    SFR          360
27224880  BAIRD, STEVEN             29003 INDIAN RIDGE CO    AGOURA HILL  CA   91301  Primary    SFR          360
27235159  CHEN, MORGAN              571 S GREENWOOD AVENU    SAN MARINO   CA   91108  Primary    SFR          360
27235522  STENBACK, AMY             2243 VIA PRAVIA          LA JOLLA     CA   92037  Primary    Condo        360
27236074  HALL, KEVIN               787 COLIMA STREET        LA JOLLA     CA   92037  Primary    SFR          360
27238344  HANSON, JON               1767 BROOKSIDE LANE      VIENNA       VA   22182  Primary    SFR          360
27241959  HILL, THOMAS              2808 233RD AVENUE SO     ISSAQUAH     WA   98027  Primary    SFR          360
27246305  GOLDING, JAMES            2297 E 8100 SOUTH        SOUTH WEBER  UT   84405  Primary    SFR          360
27246446  KUNDERT, CORRIE           5425 OLIVE RANCH         GRANITE BAY  CA   95746  Primary    SFR          360
27250679  MC ELWAIN, WILLIAM        3264 WITHERS AVENUE      LAFAYETTE    CA   94549  Primary    SFR          360
27251677  CABRAL, DANIEL            3364 HARTWELL CT         PLEASANTON   CA   94588  Primary    SFR          360
27251768  OKEEFE, JOHN              4089 DUNBARTON CIR       SAN RAMON    CA   94583  Primary    SFR          360
27255280  BROWN, J                  17405 BLUE JAY DRIVE     MORGAN HILL  CA   95037  Primary    PUD          360
27260595  JOHNSON, WILLIAM          1048 VIA MIL CUMBRES     SOLANA BEAC  CA   92075  Primary    SFR          360
27260702  NUNES, KENNETH            713 FRESCA STREET        SOLANA BEAC  CA   92075  Primary    SFR          360
27261502  MAULE, BRAD               4136 DIXIE CANYON        SHERMAN OAK  CA   91423  Primary    SFR          360
27262740  PONTACQ, PETER            2207 ALLEGHENY WAY       SAN MATEO    CA   94402  Primary    SFR          360
27270339  HORRIGAN, TIMOTHY         4117 GILBERTVILLE        WATERLOO     IA   50701  Primary    SFR          240
27270453  HOLLEMAN, DAVID           832 SCOTT DRIVE          LIBERTY      MO   64068  Primary    SFR          240
27270719  GUNDERSEN JR, CAMERON     2062 LINDA FLORA D       LOS ANGELES  CA   90077  Primary    SFR          360
27273572  BURKETT, JOHN             20000 FOUNTAIN           CHAPEL HILL  NC   27514  Primary    PUD          360
27273812  GRANADOS, EDDY            21 TUM SUDEN WAY         REDWOOD CIT  CA   94062  Primary    SFR          360
27274125  RYAN, JIMMIE              2751 PEPPERIDGE COUR     SAN JOSE     CA   95148  Primary    SFR          360
27275007  INOUYE, MARTIN            9806 CARLTON COURT       GRANITE BAY  CA   95746  Primary    SFR          360
27282458  PLOUSSARD, STEPHEN        640 BIRCHWOOD CT         LOS ALTOS    CA   94024  Primary    SFR          360
27290170  HOFFMAN, RODNEY           14224 SOUTHEAST 270TH    KENT         WA   98042  Primary    SFR          360
27300961  BAHRAMBEYGUI, SCHEHERAZA  8851 NOTTINGHAM PL       LA JOLLA     CA   92037  Primary    SFR          360
27311463  FROESE, CAROL             3334 CAMINITO CABO       DEL MAR      CA   92014  Primary    Condo        360
27316603  EDWARDS JR, EDGAR         3522 OLD ONSLOW ROAD     GREENSBORO   NC   27407  Primary    SFR          360
27319433  WOMBLE, GLEN              118 COLUMBIA CLUB D      BLYTHEWOOD   SC   29016  Primary    PUD          360
27320670  MILLER, HOWARD            5825 E TETON AVENUE      ORANGE       CA   92867  Primary    SFR          360
27322270  PICKETT, JOHN             4615 CORONA DRIVE        SAN JOSE     CA   95129  Primary    SFR          360
27329978  BAX, RONALD               929 E SANTA ANITA AVE    BURBANK      CA   91501  Primary    SFR          360
27330216  SMITH, PATRICK            22871 BERGANTIN          MISSION VIE  CA   92692  Primary    SFR          360
27333350  TRAN, HUNG                2811 GLAUSER DRIVE       SAN JOSE     CA   95133  Primary    SFR          360
27336833  KOSCAL, MICHAEL           5 ROCKROSE               ALISO VIEJO  CA   92656  Primary    PUD          360
27338037  BRAHY, GEORGE             211 SURFBIRD ISLE        FOSTER CITY  CA   94404  Primary    SFR          360
27341569  HORTON, DAVID             22200 MCKEAN ROAD        SAN JOSE     CA   95120  Primary    SFR          360
27346527  SIMS, CHARLES             5861 BLACK AVENUE        PLEASANTON   CA   94566  Primary    SFR          360
27346584  WALKER, DANIEL            348 W PROSPECT BAY DR    GRASONVILLE  MD   21638  Primary    PUD          360
27347079  MARTINEZ, MIGUEL          6331 E VIA ARBOLES       ANAHEIM      CA   92807  Primary    PUD          360
27347293  JOHNSON, JEFFERY          25377 MARKHAM LANE       SALINAS      CA   93908  Primary    SFR          360
27347681  REMEIKA JR, EDWARD        570 APACHE TRAIL         MERRITT ISL  FL   32953  Primary    SFR          360
27348390  DULEY, JOHN               2525 CRESTVIEW DRIVE     NEWPORT BEA  CA   92663  Primary    PUD          360
27349133  SIANO, STEVEN             10190 MACADAM LANE       CUPERTINO    CA   95014  Primary    PUD          360
27351139  CORWIN, KEVIN             303 NORTH CREEK DRI      SAN JOSE     CA   95139  Primary    SFR          360
27355007  SCHEIDERER, DANIEL        945 LANTANA DRIVE        SUNNYVALE    CA   94086  Primary    SFR          360
27356567  NGUYEN, MARY              3253 DOS PALOS DR        LOS ANGELES  CA   90068  Primary    SFR          360
27357367  FARRELL, RAYMOND          2411 BONITA DRIVE        GLENDALE     CA   91208  Primary    SFR          360
27358290  ROHNER, ERIC              2387 HIGHVIEW TRL        VISTA        CA   92084  Primary    SFR          360
27359694  YEUNG, PAK                7433 STANFORD PLACE      CUPERTINO    CA   95014  Primary    SFR          360
27360304  GILLER, TIMOTHY           86 YACHT HARBOR          RANCHO PALO  CA   90275  Primary    SFR          360
27366434  COOK, WILLIAM             2550 EAST JENNY AVEN     FRESNO       CA   93720  Primary    SFR          360
27369263  SANTANAM, PARAMESH        2085 MEDALLION DRIVE     UNION CITY   CA   94587  Primary    SFR          360
27369404  MCCARTHY, GERARD          914 SAVOY COURT          PETALUMA     CA   94954  Primary    SFR          360
27369917  HOLLSTROM II, GREGORY     9941 SAGO POINT DRIV     LARGO        FL   33777  Primary    SFR          360
27372051  PADDOR, SCOTT             14914 VALLEY VISTA BL    SHERMAN OAK  CA   91403  Primary    SFR          360
27381615  BAGG, GERALD              3044 GREENTREE COURT     LOS ANGELES  CA   90077  Primary    Condo        360
27384684  HAMMOND, WAYNE            203 CHARLESTON BOUL      ISLE OF PAL  SC   29451  Investor   SFR          360
27394410  BELL, JOHN                416 STEPHEN ROAD         SAN MATEO    CA   94403  Primary    SFR          360
27394592  SIEGEL, MARK              1626 THAYER AVE          LOS ANGELES  CA   90024  Primary    SFR          360
27397694  TAN, VICKIE               18971 AMBERLY PL         ROWLAND  HE  CA   91748  Primary    PUD          360
27400266  LIEBLEIN, JEROME          32212 BREEZEPORT DR      WESTLAKE VI  CA   91361  Primary    Condo        360
27404532  BAKER, REID               6607 AZALEA LANE         DALLAS       TX   75230  Primary    SFR          360
27406933  FULTON, SIMON             171 EXETER AVENUE        SAN CARLOS   CA   94070  Primary    SFR          360
27407584  MODJTEHEDI, MASSOUD       190 SELBY LANE           ATHERTON     CA   94027  Primary    SFR          360
27411420  EVANS, KENNETH            6577 CATAMARAN ST        SAN JOSE     CA   95119  Primary    SFR          360
27416627  SMITH, BRYAN              2732 MIRA BELLA CI       MORGAN HILL  CA   95037  Primary    SFR          360
27417229  KING, HENRY               10968 VIA SORRENTO       CUPERTINO    CA   95014  Primary    SFR          360
27418367  SCUDDER, JAMES            15968 GREY STONE ROAD    POWAY        CA   92064  Primary    SFR          360
27420173  TIDY, NICHOLAS            16150 NORTHFIELD STRE    PACIFIC PAL  CA   90272  Primary    SFR          360
27423870  BIRNBAUM, RICK            29654 RIDGEWAY DRIVE     AGOURA HILL  CA   91301  Primary    SFR          360
27423987  HO, SIU                   1907 FUMIA PLACE         SAN JOSE     CA   95131  Primary    SFR          360
27426543  SMITH, RANDALL            1617 SANCHEZ STREET      SAN FRANCIS  CA   94131  Primary    SFR          360
27427095  RUST, BRUCE               1920 STOCKBRIDGE AVE     REDWOOD CIT  CA   94061  Primary    SFR          360
27427764  AASURI MARING, RAMANUJA   46383 SKYE ROAD          FREMONT      CA   94539  Primary    PUD          360
27428135  BALLANTYNE, THOMAS        656 SAN LORENZO S        LOS ANGELES  CA   90402  Primary    SFR          360
27428374  WONG, CHUN                2107 CASTLE HEIGHTS      LOS ANGELES  CA   90034  Primary    SFR          360
27429489  GEDDES, CAROLINE          29425 CAMBRIDGE COURT    AGOURA HILL  CA   91301  Primary    PUD          360
27430495  MATHARU, NARINDER         948 MARION WAY           SUNNYVALE    CA   94087  Primary    SFR          360
27432343  CHI, SHAO                 1642 HILLARD DR          SAN MARINO   CA   91108  Primary    SFR          360
27436377  VAN DE, CHRIS             963 LA MESA TERRACE      SUNNYVALE    CA   94086  Primary    Condo        360
27437540  DAVENPORT, CLYDE          2837 WINTHROP AVE        SAN RAMON    CA   94583  Primary    SFR          360
27438217  WONG, MARK                4121 TALLOW PLACE        DAVIS        CA   95616  Primary    SFR          360
27438381  MCGOVERN, DANIEL          2957 FILBERT DRIVE       WALNUT CREE  CA   94598  Primary    SFR          360
27438837  ODONOGHUE, JOHN           1015 COROLLA DRIVE       COROLLA      NC   27927  Secondary  SFR          360
27439389  BAHL, AMIT                10394 PARADISE DRIVE     CUPERTINO    CA   95014  Primary    SFR          360
27440320  GRAY, TIMOTHY             874 RIVERSIDE DR         SAN JOSE     CA   95125  Primary    SFR          360
27440536  GONG, JASON               115 PEARLGRASS COUR      SAN RAMON    CA   94583  Primary    SFR          360
27441328  GRIGOROPOULOS, COSTAS     69 FAIRLAWN DRIVE        BERKELEY     CA   94708  Primary    SFR          360
27442821  WEEKS, WILLIAM            15 KINGS CANYON          PACIFICA     CA   94044  Primary    SFR          360
27443928  WATSON JR, EDWARD         4083 SCARLET IRIS PL     WINTER PARK  FL   32792  Primary    PUD          360
27449636  HAGE, PHILIP              289 ELEANOR DRIVE        WOODSIDE     CA   94062  Primary    SFR          360
27449727  GRELL, EDWARD             7554 STEWART AVENUE      LOS ANGLES   CA   90045  Primary    SFR          360
27452630  PEARCE, JOSEPH            2885 PLAYER LANE         TUSTIN       CA   92782  Primary    Condo        360
27457209  NOVAK, KURT               2417 CURTIS AVENUE       REDONDO BEA  CA   90278  Primary    Condo        360
27457324  COMER, JASON              1216 STANFORD AVENUE     REDONDO BEA  CA   90278  Primary    SFR          360
27457399  LOUIE, PETER              7727 PINEVILLE CIR       CASTRO VALL  CA   94552  Primary    PUD          360
27457431  BLAZER, ROBERT            15565 SWISS CREEK L      CUPERTINO    CA   95014  Primary    SFR          360
27461367  SOBEL, STUART             22778 BRANDYWINE DRIV    CALABASAS    CA   91302  Primary    SFR          360
27461748  JOHNSON, JEFF             3041 MARY LANE           ESCONDIDO    CA   92025  Primary    SFR          360
27462431  SOMERS, ROBERT            24100 HILLHURST DRIVE    CANOGA PARK  CA   91307  Primary    PUD          360
27462449  PRASAD, RAM               1487 BONGATE COURT       SAN JOSE     CA   95130  Primary    SFR          360
27462837  KIM, SUSAN                52 WILLIAMS LANDIN       FOSTER CITY  CA   94404  Primary    PUD          360
27464643  SCHREIBER, SAMUEL         5376 VIA APOLINA         YORBA LINDA  CA   92886  Primary    PUD          360
27465046  WILKINSON, LAMAR          69 MY ROAD               LAFAYETTE    CA   94549  Primary    SFR          360
27465061  PENROSE, MICHAEL          1070 PESCADOR DR         NEWPORT BEA  CA   92660  Primary    PUD          360
27468677  YEE, PAUL                 16-18 LOYOLA TERRACE     SAN FRANCIS  CA   94117  Primary    2-Family     360
27468800  TSUKAMOTO, TIM            2511 W 233RD STREET      TORRANCE     CA   90505  Primary    SFR          360
27469097  ELLIOTT, MARK             1625 NEPTUNE AVENUE      ENCINITAS    CA   92024  Primary    Condo        360
27469469  SALTIEL, EMMANUEL         1641S SHERBOURNE DRIV    LOS ANGELES  CA   90035  Primary    SFR          360
27471499  HORNE, WILLIE             2678 GLEN HARDY COUR     SAN JOSE     CA   95148  Primary    SFR          360
27475458  MENDOZA, ABRAHAM          1734 SEPTEMBERSONG C     SAN JOSE     CA   95131  Primary    SFR          360
27475946  ROBSON, JEANNE            19824 HORSESHOE DRIVE    TOPANGA      CA   90290  Primary    SFR          360
27475987  POSTERNACK, CHARLES       3129 NW 56TH STREET      BOCA RATON   FL   33496  Primary    PUD          360
27476183  ANDREWS, BRENDA           4557 DON RODOLFO PL      LOS ANGELES  CA   90056  Secondary  SFR          360
27476498  FOSTER JR, FRANK          19 CHARITY               IRVINE       CA   92612  Primary    PUD          360
27481456  WEBER, MARTIN             5340 DIVOT CIRCLE        FAIR OAKS    CA   95628  Primary    SFR          360
27481878  WALSH, SUSAN              871 ARCTURUS CIRCLE      FOSTER CITY  CA   94404  Primary    SFR          360
27481902  GRADY, ANNE               465-467 28TH ST          SAN FRANCIS  CA   94131  Primary    2-Family     360
27482462  CLARKE, DENNIS            17472 HILLGATE LANE      HUNTINGTON   CA   92649  Primary    SFR          360
27483098  CHEN, GENE                1246- 1248 LOMBARD ST    SAN FRANCIS  CA   94109  Primary    3-Family     360
27483734  PATTERSON, AUDREY         4218 CONNER COURT        SAN DIEGO    CA   92117  Primary    SFR          360
27483742  KANE, SUZANNE             231 QUAILS TRAIL         THOUSAND OA  CA   91361  Primary    SFR          360
27484120  GROVE, MARTIN             18186 KAREN DRIVE        TARZANA      CA   91356  Primary    SFR          360
27484245  CARTER, JOE               200 BLOODS RIDGE RO      BEAR VALLEY  CA   95223  Secondary  SFR          360
27484898  LEIDECKER, FREDRICK       122 TIGER TAIL ROAD      OLYMPIC VAL  CA   96146  Primary    SFR          360
27484971  CHIEN, SHU                2261 CALLE FRESCOTA      SAN DIEGO    CA   92037  Investor   SFR          360
27485283  CHAPLIN, ROBERT           716 LA CANADA            LA JOLLA     CA   92037  Primary    SFR          360
27485986  CHEUNG, TOMMY             1574 27TH AVENUE         SAN FRANCIS  CA   94122  Primary    SFR          360
27487339  TIMBERS, RICHARD          35 FINALEE AVENUE        ASHEVILLE    NC   28801  Primary    SFR          360
27487883  DOZIER, MICHAEL           150 AMERICAN RIVE        FOLSOM       CA   95630  Primary    SFR          360
27488121  KACALEK, DONA             17071 SHADY LANE DRIV    MORGAN HILL  CA   95037  Primary    SFR          360
27488832  HOWELLS JR, ROBERT        8504 ARDMORE PLACE       DUBLIN       CA   94568  Primary    SFR          360
27489848  SNOWDEN, FRANK            3366 TAYLOR ROAD         CARMEL       CA   93923  Primary    SFR          360
27495662  WILLIAMS, WEBSTER         5530 TUXEDO TERRACE      LOS ANGELES  CA   90068  Primary    SFR          360
27496058  DUONG, LUONG              3114 CUNNINGHAM LA       SAN JOSE     CA   95148  Primary    SFR          360
27496470  SURPRENANT, JOSEPH        1406 ORMSBY DRIVE        SUNNYVALE    CA   94087  Primary    SFR          360
27500875  NARD, JEFFREY             2136 CHAMBERLING KEY     VIRGINIA BE  VA   23454  Primary    SFR          360
27501949  MILLER, BARRY             6011 NAMAKAGAN ROAD      BETHESDA     MD   20816  Primary    SFR          360
27502731  MRACHEK, DAVID            6059 DEERFORD ROW        LA JOLLA     CA   92037  Primary    PUD          360
27503358  KENNEDY, THOMAS           345 COLLINGWOOD STR      SAN FRANCIS  CA   94114  Primary    SFR          360
27504968  GALLUCCI, MARGARET        5048 SILVER ARROW        RANCHO PALO  CA   90275  Primary    SFR          360
27507151  KHARAGHANI, SHAHRAM       5442 HAZELTINE           SHERMAN OAK  CA   91401  Investor   SFR          360
27507201  GUENTHNER, CLETUS         2513 DENHAM ROAD         LOUISVILLE   KY   40205  Primary    SFR          360
27507953  FJELLBO, ERIK             144 EL PORTAL PLACE      CLAYTON      CA   94517  Primary    SFR          360
27508100  LUCIDO, CHESTER           242 GLEN ABBEY           KIAWAH ISLA  SC   29455  Secondary  PUD          360
27508555  ZISFAIN, DENNIS           10344 CHRISTINE PLACE    CHATSWORTH   CA   91311  Primary    SFR          360
27509132  COATES, DAVID             300 EAGLE TRACE D        HALF MOON B  CA   94019  Primary    PUD          360
27509629  MOORHOUSE, DAVID          2 ROSEBUD DRIVE          BLUFFTON     SC   29910  Primary    PUD          360
27510122  KUHL, RICHARD             8410 COPPERLEAF COUR     FAIRFAX STA  VA   22039  Primary    PUD          360
27513209  THABIT, FUAD              11744 BLOOMINGTON WAY    DUBLIN       CA   94568  Primary    SFR          360
27514678  STRASSER, CAROL           4733 MIRA VISTA DR       CASTRO VALL  CA   94546  Primary    SFR          360
27516046  MATTHEWS JR, DONALD       758 SAINT TIMOTHY P      MORGAN HILL  CA   95037  Primary    SFR          360
27516129  BRANT, TIMOTHY            11401 HOLLOW TREE LAN    ROCKVILLE    MD   20852  Primary    SFR          360
27516442  LOJACONO, MARK            4071 WEST LAKESHORE      SAN RAMON    CA   94583  Primary    Condo        360
27520576  COSTELLO, JOHN            22321 PARKWOOD ST        LAKE FOREST  CA   92630  Primary    PUD          360
27520956  COLEMAN, WILLIAM          209 APARNA COURT         WHITES CREE  TN   37189  Primary    SFR          360
27523901  SONG, LI                  115 JEWEL TERRACE        FREMONT      CA   94536  Primary    SFR          360
27525179  CHILTON IV, FORREST       3108 WATERSIDE LANE      ALEXANDRIA   VA   22309  Primary    SFR          360
27525955  ROVNO, DAVID              6238 ESTATES DRIVE       OAKLAND      CA   94611  Primary    SFR          360
27527357  YOUNG, GEORGE             4949 W 132ND TR          LEAWOOD      KS   66209  Primary    SFR          360
27527548  DALY, SHARYN              2150 BALBOA AVENUE       DEL MAR      CA   92014  Primary    SFR          360
27529676  LIU, YI                   1585 EMERALD LANE        DIAMOND BAR  CA   91765  Primary    PUD          360
27529916  GARRETT, HYDA             6941 GASTON AVENUE       DALLAS       TX   75214  Primary    SFR          360
27530047  LEVEY, MICHAEL            17147 WEDDINGTON STRE    ENCINO       CA   91316  Primary    SFR          360
27531961  ST JOHN, HARRY            120 EDGEMONT WAY         INVERNESS    CA   94937  Primary    SFR          360
27536119  NAIK, ANAND               10410 CASTINE AVE        CUPERTINO    CA   95014  Primary    SFR          360
27537216  LEONARD, MARK             994 CALLE DEL PACIF      GLENDALE     CA   91208  Primary    PUD          360
27537737  KABIRI, GHOLAMALI         518 SENECA GREEN WA      GREAT FALLS  VA   22066  Primary    SFR          360
27538008  HASZARD, TIMOTHY          536 TURNBERRY LANE       ST. AUGUSTI  FL   32084  Primary    SFR          360
27539030  OSANTOWSKI, KEITH         1020 BUENA VISTA A       ALAMEDA      CA   94501  Primary    SFR          360
27543404  ANDERSON, DALE            1097 CAGGIANO COURT      SAN JOSE     CA   95120  Primary    SFR          360
27543461  KYRAMARIOS, STEVE         17217 SANDALWOOD WA      MORGAN HILL  CA   95037  Primary    SFR          360
27543818  RAOUFI, SAEID             7647 EXCELSIOR AVE       ORANGEVALE   CA   95662  Primary    SFR          360
27548155  BEEUWSAERT, STEVEN        29 GRASSYKNOLL LAN       LAS FLORES   CA   92688  Primary    SFR          360
27548775  ZMOLEK, JOHN              2652 ISABELLE AVE        SAN MATEO    CA   94403  Primary    SFR          360
27549070  HAXBY, LYTLE              21955 SUNBURST LANE      RED BLUF     CA   96080  Primary    SFR          360
27549138  MAYER, ROBERT             23 MYRTLE AVENUE         LARKSPUR     CA   94939  Primary    SFR          360
27549203  CONWAY, MICHAEL           1161 UPPER HAPPY VAL     LAFAYETTE    CA   94549  Primary    SFR          360
27551308  CURRY, PATRICK            15508 27TH DRIVE SE      MILL CREEK   WA   98012  Primary    SFR          360
27551944  LASTING, RICHARD          1400 N SPAULDING AVENU   LOS ANGELES  CA   90046  Primary    SFR          360
27552355  KRAMER, DAVID             4516 FALCONRIDGE COU     SAN DIEGO    CA   92130  Primary    SFR          360
27553551  ALFANO, FRANK             18 SUNSET BAY DR         BELLEAIR     FL   33756  Primary    SFR          360
27553809  HUG, DEBORAH              33 ALSACE                LAGUNA NIGU  CA   92677  Secondary  PUD          360
27554047  LEVI, BAHMAN              7737 MOONRIDGE PL        LA JOLLA     CA   92037  Primary    SFR          360
27554187  KUMAR, DEVINDER           20424 CHALET LANE        SARATOGA     CA   95070  Primary    SFR          360
27554492  SAMII, HADI               11662 WANNACUT PLAC      SAN DIEGO    CA   92131  Primary    SFR          360
27555002  ZHANG, XINYU              41771 HIGGINS WAY        FREMONT      CA   94539  Primary    SFR          360
27555630  RANDOLPH JR, E            505 POINT SAN PEDRO      SAN RAFAEL   CA   94901  Primary    SFR          360
27555721  HSU, YUN                  40810 ONDINA COURT       FREMONT      CA   94539  Primary    SFR          360
27557404  WARD, MICHAEL             704 VERDUN COURT         SOUTHLAKE    TX   76092  Primary    PUD          360
27559285  GOFF, ISAAC               650 BOLINAS ROAD         FAIRFAX      CA   94930  Primary    SFR          360
27559582  LAMB, KATHLEEN            21825 HEATHERWOOD LAN    YORBA LINDA  CA   92887  Primary    SFR          360
27560218  WU, TOM                   13341 PORTAL             TUSTIN       CA   92782  Primary    SFR          360
27561166  KIRKPATRICK, GIAMPIERO    16 GLORIETTA COURT       ORINDA       CA   94563  Primary    SFR          360
27561463  DAMON, JEFFREY            9071 HANGAR WAY          FAIR OAKS    CA   95628  Primary    SFR          360
27563543  GILMAN, JEFFREY           753 OLD JONAS HILL       LAFAYETTE    CA   94549  Primary    SFR          360
27563667  WOLFE, JOHN               4200 MEPHAM COURT        EL DORADO H  CA   95762  Primary    SFR          360
27563907  GENADINIK, JOSEPH         18018 ERWIN STREET       ENCINO       CA   91316  Primary    SFR          360
27565381  EASTMAN, KEVIN            37 DON GABRIEL WAY       ORINDA       CA   94563  Primary    SFR          360
27565415  CLEMONS, CHARLES          926 RAINTREE PLACE       LAFAYETTE    CA   94549  Primary    SFR          360
27566132  COLES, KEVIN              1853 GROVEWAY DR         GERMANTOWN   TN   38139  Primary    SFR          360
27566496  ZISMAN, DAVID             8122 GREEN GLADE RD.     JACKSONVILL  FL   32256  Primary    PUD          360
27567296  HINDS, DENNIS             1619 CLEAR CREEK PLA     DANVILLE     CA   94526  Primary    PUD          360
27568013  LE, KHOI                  8841 SLEEPY HOLLOW L     POTOMAC      MD   20854  Primary    PUD          360
27568518  WALLERSTEIN, ROBERT       9782 TOTTENHAM COURT     BEVERLY HIL  CA   90210  Primary    PUD          360
27568609  TAMAYO, JEFFREY           11670 BYRON HIGHWAY      BYRON        CA   94513  Primary    SFR          360
27569300  SIGNORINO, JOHN           950 WARBURTON AVE        SANTA CLARA  CA   95050  Primary    SFR          360
27569979  KOFNOVEC, MICHAEL         1885 HOLLYHOCK LANE      GILROY       CA   95020  Primary    SFR          360
27571629  PERDUE, STEVE             3497 COLONEL VANDERH     MT PLEASANT  SC   29464  Primary    PUD          240
27574797  MEIER, DANIEL             1180 TAJI COURT          HERNDON      VA   20170  Primary    SFR          360
27574870  JAMES, ROBERT             4441 BRIAR CLIFF ROA     OAKLAND      CA   94605  Primary    SFR          360
27575729  BYRD, ROBERT              304 BANK STREET          MOUNT PLEAS  SC   29464  Primary    SFR          360
27576719  SCHMOCKER, JOHN           28689 ROAN ROAD          RANCHO PALO  CA   90275  Primary    SFR          360
27576909  MAZDEH, ESFANDIAR         1371 KINTYRE WAY         SAN JOSE     CA   95129  Primary    SFR          360
27578137  HAWES, REBECCA            33 TOLLRIDGE CT          SAN MATEO    CA   94402  Primary    PUD          360
27579952  MYERS, KEVIN              1290 NORTH EAST LINN     ALBANY       OR   97321  Primary    SFR          360
27580075  VERANO JR, HUGH           9 CEDAR RIDGE            IRVINE       CA   92612  Primary    SFR          360
27581750  TOMSON JR, WILLIAM        2245 JOURNET DRIVE       DUNN LORING  VA   22027  Primary    PUD          360
27582600  JUNG, CALVIN              134 15TH AVENUE          SAN FRANCIS  CA   94118  Primary    SFR          360
27582873  ZACH, THOMAS              424 GREENBRIER ROAD      HALF MOON B  CA   94019  Primary    PUD          360
27583210  HARPER, RONALD            223 VISTA DE SIERRA      LOS GATOS    CA   95030  Primary    SFR          360
27585413  GROSSINGER, PETER         796 BUGATTI PLACE        MORGAN HILL  CA   95037  Primary    PUD          360
27585793  EICHNER, MATTHEW          8416 BELLS MILL ROAD     POTOMAC      MD   20854  Primary    SFR          360
27586205  COOPER, KERRY             12805 WILLOW GLEN COU    HERNDON      VA   20171  Primary    PUD          360
27586379  STIDGER, GLEN             8364 ASCOLANO AVE        FAIR OAKS    CA   95628  Primary    SFR          360
27586437  FREEDMAN, SCOTT           4816 GLENCAIRN RD        LOS ANGELES  CA   90027  Primary    SFR          360
27586718  DRIELS, MORRIS            81 BARTOLOMEA WAY        MONTEREY     CA   93940  Primary    SFR          360
27588482  SCHAUMBURG, EDWIN         3609 TIMBERLAKE ROAD     KNOXVILLE    TN   37920  Primary    SFR          360
27588722  STEINMETZ, PHILLIP        30 W REMINGTON DRIVE     HIGHLAND VI  TX   75077  Primary    SFR          360
27589126  PANEC, LELAND             2425 VILLANUEVA WA       MOUNTAIN VI  CA   94040  Primary    SFR          360
27590371  VENGATRAMAN, ETHIRAJ      19364 SHUBERT COURT      SARATOGA     CA   95070  Primary    SFR          360
27590686  PAPERA, R                 1805 OAK AVENUE          MANHATTAN B  CA   90266  Primary    SFR          360
27592518  VIERRA, KURTIS            709 BRIDGE CREEK DR      SAN RAMON    CA   94583  Primary    SFR          360
27593433  POSNIEN, KIM              440 FOOTHILL ROAD        GARDNERVILL  NV   89410  Primary    SFR          360
27593540  HOCHMUTH, GARY            311 VISCAINO WAY         SAN JOSE     CA   95119  Primary    SFR          360
27594597  RAVITZ, KENNETH           7039 DUME DRIVE          MALIBU       CA   90265  Primary    SFR          360
27598150  CHAU, STEVEN              43984 ROSEMERE DRIVE     FREMONT      CA   94539  Primary    SFR          360
27598317  STEWART, DAVID            25346 LA LOMA DRIVE      LOS ALTOS H  CA   94022  Primary    SFR          360
27598325  ANDERSON, PAMELA          6531 GLENDORA AVE        DALLAS       TX   75230  Primary    SFR          360
27600220  ROCHE, GUY                3414 TROY DRIVE          LOS ANGELES  CA   90068  Primary    SFR          360
27601368  OUSMAN, JAMES             80 LYNWOOD PLACE         MORAGA       CA   94556  Primary    SFR          360
27601400  ZOBY, DAVID               1400 FIVE HILL TRAIL     VIRGINIA BE  VA   23452  Primary    SFR          360
27602754  PENG, WEN                 140 GREENFIELD PLAC      ARCADIA      CA   91006  Primary    SFR          360
27603042  HAMMACK, ANTHONY          243 NORTH QUAIL LAN      ORANGE       CA   92869  Primary    SFR          360
27603562  KELLER, RICHARD           2825 REGAL COURT         THOMPSON ST  TN   37179  Primary    SFR          360
27604107  HAHN, JERRY               719 BURLINGAME AVEN      BURLINGAME   CA   94010  Primary    SFR          360
27608397  ANSPACH, GARY             21 RIDGEWOOD DRIVE       SAN RAFAEL   CA   94901  Primary    SFR          360
27609171  ROSSIO, GARY              13823 TAMO SHANTER CO    POWAY        CA   92064  Primary    SFR          360
27609221  WEXLER, ROBERT            1605 S DURANGO AVE       LOS ANGELES  CA   90035  Primary    SFR          360
27609338  BECKMAN, GEORGE           4530 E WICKHAM AVENUE    ORANGE       CA   92867  Primary    PUD          360
27610989  TRESTER, JAMES            6412 STONE CANYON DR     PLANO        TX   75093  Primary    PUD          360
27611581  KOBAYASHI, GREGORY        3197 LUCAS DRIVE         LAFAYETTE    CA   94549  Primary    SFR          360
27611748  BAILEY, DANIEL            4172 FIRESIDE CIRC       IRVINE       CA   92614  Primary    PUD          360
27612118  STEIN, PHILIP             26541 BRIDALWOOD DR      LAGUNA HILL  CA   92653  Primary    PUD          360
27616671  GOTTLIEB, RICHARD         2765 CASIANO ROAD        LOS ANGELES  CA   90077  Primary    SFR          360
27617984  CHASE, ANDREW             311 TUCKER STREET        ANNANPOLIS   MD   21401  Primary    PUD          360
27618495  LOUSTALOT, DAVID          3808 NAUGHTON AVENUE     BELMONT      CA   94002  Primary    SFR          360
27618701  KING, PAMELA              453 KING STREET          REDWOOD CIT  CA   94062  Primary    SFR          360
27618891  MAHER, JOHN               3047 SHETLAND DRIVE      PLEASANT HI  CA   94523  Primary    SFR          360
27618974  MASEGIAN, JOHN            10151 FIRWOOD DRIVE      CUPERTINO    CA   95014  Primary    PUD          360
27619204  MASEGIAN, JOHN            41256 LEEWARD ROAD       SEA RANCH    CA   95497  Secondary  SFR          360
27619741  SAVAGE, RUSSELL           504 VAN BUREN STREE      FORT WALTON  FL   32547  Primary    SFR          360
27620608  ANDERSON, KEVIN           188 CREST VIEW DR        ORINDA       CA   94563  Primary    SFR          360
27621366  EDGAR, RICHARD            90 MIDLAND ROAD          PINEHURST    NC   28374  Primary    SFR          360
27621507  WAIN, HANS                10864 MOUGLE LANE        TRUCKEE      CA   96161  Primary    SFR          360
27622083  WANG, SUHLING             460 ACASO DRIVE          WALNUT       CA   91789  Primary    SFR          360
27622257  CHANTRELLE, BARRY         21 BAKER STREET          SAN FRANCIS  CA   94117  Primary    Townhouse    360
27622307  WOODHAM SR, DAVID         600 S BAYWOOD AVENUE     SAN JOSE     CA   95128  Primary    SFR          360
27623040  STICHWEH, ROBERT          14 WOOD IBIS             HILTON HEAD  SC   29928  Secondary  PUD          360
27624519  ADAN, JOSEPH              3111 TIFFANY DRIVE       BELLEAIR BE  FL   33786  Primary    SFR          360
27625151  RAY JR, RUSSELL           220 BLISS LANE           GREAT FALLS  VA   22066  Primary    PUD          360
27626969  WALKER, BRYCE             1448 E 155 SOUTH         LINDON       UT   84042  Primary    SFR          360
27627439  PHAM, VIET                2728 BABE RUTH DRI       SAN JOSE     CA   95132  Primary    SFR          360
27628015  PASSANTINO, PETE          11462 WILDCAT CT         DUBLIN       CA   94568  Primary    SFR          360
27629948  NGUYEN, THANH             2574 CLAREBANK WAY       SAN JOSE     CA   95121  Primary    SFR          360
27630011  FISCHER, GORDON           1071 WESTRIDGE AVENU     DANVILLE     CA   94526  Primary    SFR          360
27631415  MANN, WILLIAM             18 CHECKERBERRY SQ       GREENSBORO   NC   27455  Primary    PUD          360
27631688  TARRILLION, TIM           10102 CEDAR CREEK        HOUSTON      TX   77042  Primary    PUD          360
27633288  RICHARDSON, WILLIAM       4095 SUNSET LANE         PEBBLE BEAC  CA   93953  Primary    SFR          360
27633478  GARCIAPARRA, A            238 SHAWNAN LANE         LA HABRA HE  CA   90631  Secondary  SFR          360
27633668  PERL, GARETH              6285 HURD COURT          SAN DIEGO    CA   92122  Primary    SFR          360
27633825  SHENK, JOHN               280 WOODSIDE DRIVE       WOODSIDE     CA   94062  Primary    SFR          360
27634195  HAGY, JAMES               1027 COROLLA DRIVE       COROLLA      NC   27927  Secondary  SFR          360
27636125  ZMUDA, RICHARD            106 ZANETTA COURT        FOLSOM       CA   95630  Primary    SFR          360
27636828  QUAN, BRANDON             3542 CANFIELD DR         DANVILLE     CA   94526  Primary    SFR          360
27640440  KINGHORN, DAN             1 SHELL COURT            MILL VALLEY  CA   94941  Primary    SFR          360
27640630  DANIS, LIONEL             12205 THOROUGHBRED RO    HERNDON      VA   22071  Primary    SFR          360
27640713  GOLDBERG, ROSS            5600 HIDDEN GLEN COU     WESTLAKE VI  CA   91362  Primary    SFR          360
27645308  BARRETT, RICHARD          19401 ST JUDE ROAD       SANTA ANA    CA   92705  Primary    SFR          360
27645464  SCHLIEF, STEVEN           1503 OAK CANYON DRIV     SAN JOSE     CA   95120  Primary    SFR          360
27645589  TAKAHASHI, WAYNE          7755 OAK BAY CIRCL       SACRAMENTO   CA   95831  Primary    PUD          360
27647874  DODD, PATRICIA            194 SILVERADO SPRIN      NAPA         CA   94558  Primary    SFR          360
27650571  KENNETH J PAR, KS         2602 SARATOGA LANE       MCKINNEY     TX   75070  Primary    SFR          360
27650886  GRABOWSKI, CONRAD         10655 GASCOIGNE DRIVE    CUPERTINO    CA   95014  Primary    SFR          360
27650969  MURDOCK, R                378 SUMMIT DRIVE         STATELINE    NV   89449  Primary    SFR          360
27650977  LEONARD, SCOTT            9030 OLD BUCKBOARD L     SUN VALLEY   CA   91352  Primary    SFR          360
27653039  GOLDBERG, FLOYD           1 EAST MANOR DR          MILL VALLEY  CA   94941  Primary    SFR          360
27653989  CLEGHORN, CHEREE          3419 LOWELL STREET N     WASHINGTON   DC   20016  Primary    SFR          360
27654367  ASDORIAN, ELIZABETH       338 WINFIELD STREET      SAN FRANCIS  CA   94110  Primary    SFR          360
27655208  BUSH, WILLIAM             11110 GARFIELD AVENUE    CULVER CITY  CA   90230  Primary    SFR          360
27656362  WONG, TONY                156 ALICE STREET         ARCADIA      CA   91006  Primary    Condo        360
27658004  LEONARD, CHRISTOPHER      15512 FOX HAVEN LANE     MIDLOTHIAN   VA   23112  Primary    PUD          360
27658178  HENSING, WILLIAM          1630 CRIPPLECREEK        BATAVIA      OH   45103  Primary    SFR          240
27659028  MAUEL, D                  1349 CHELSEA DRIVE       LOS ALTOS    CA   94024  Primary    SFR          360
27659325  SANCHEZ, RICHARD          17 ISLAND DRIVE          TREASURE IS  FL   33706  Primary    SFR          360
27661693  DENGLER, STEVEN           8909 GLADE HILL ROAD     FAIRFAX      VA   22031  Primary    PUD          360
27662543  NELSON, STEVEN            1002 WESTCHESTER DRI     SUNNYVALE    CA   94087  Primary    SFR          360
27662964  ALTERMAN, MARK            6481 CANTILES AVEN       CYPRESS      CA   90630  Primary    SFR          360
27664903  FERRILL, TIMOTHY          19711 ISLAND BAY LANE    HUNTINGTON   CA   92648  Primary    SFR          360
27665967  CARGILL, SAMUEL           550 E GLENARM STREET     PASADENA     CA   91106  Primary    SFR          360
27667575  PATIL, JAY                5349 MANILA AVENUE       OAKLAND      CA   94618  Primary    SFR          360
27667963  DE HOOG, THOMAS           323 MAC LANE             PALO ALTO    CA   94306  Primary    SFR          360
27668086  POPKEN, CAL               1918 PAGE COURT          PETALUMA     CA   94954  Primary    SFR          360
27668243  HIBBELN, KAI              2411 AUDUBON PARK        ISSAQUAH     WA   98029  Primary    SFR          360
27668938  MAYER, GREGORY            816 FOOTHILL ROAD        COPPEROPOLI  CA   95228  Primary    SFR          360
27670991  SUM, ALEX                 5629 SNOWDON PLACE       SAN JOSE     CA   95138  Primary    PUD          360
27672989  VALLNER, JOSEPH           13866 RAMSHORN STREET    TRUCKEE      CA   96161  Secondary  SFR          360
27673326  GOUGOUMIS, STAVROS        78 DUDLEY AVENUE         PIEDMONT     CA   94611  Primary    PUD          360
27674670  PETERS, RICHARD           21 TEVIS PLACE           PALO ALTO    CA   94301  Primary    SFR          360
27675859  WOOTTON JR, STANLEY       3003 EMERALD DRIVE       JONESBORO    GA   30236  Primary    SFR          360
27677392  SHEA, ROBERT              1527 SE 11TH STREET      DEERFIELD B  FL   33441  Primary    SFR          360
27679265  WON, BERTRAM              951 LAGUNA CIRCLE        FOSTER CITY  CA   94404  Primary    SFR          360
27679562  DIEDERICH, BRIAN          2027 REDMAN COURT        SIMI VALLEY  CA   93063  Primary    SFR          360
27679729  HASAN, ARSHAD             43607 SOUTHERLAND WAY    FREMONT      CA   94539  Primary    PUD          360
27679869  ANDERSON, ERIC            2215 TAYLOR GRADY TE     DULUTH       GA   30097  Primary    PUD          360
27680545  SLUTZ, ERIC               46 ROOSEVELT CIR         PALO ALTO    CA   94306  Primary    SFR          360
27681998  ZEITLIN, SCOTT            3235 SAWTELLE BLVD       LOS ANGELES  CA   90066  Primary    Condo        360
27684059  MCCONNELL, PHILLIP        428 JARRETT LANE         GILLSVILLE   GA   30543  Primary    SFR          360
27686187  STEWART, PAUL             37 WHIPPOORWILL RO       TRABUCO CAN  CA   92679  Primary    PUD          360
27686617  BASFORD, JEFFERY          21 PRINCETON TRAIL       COTA DE CAZ  CA   92679  Secondary  PUD          360
27687524  MCCLURG, NEAL             41 SUNRISE COURT         EL GRANADA   CA   94018  Primary    PUD          360
27688506  GIBSON, BRUCE             913 WOODLAND DRIVE       SAN RAMON    CA   94583  Primary    SFR          360
27689835  ANDERSON, GPHILIP         1833 CROMWELL DRIVE      NASHVILLE    TN   37215  Primary    SFR          360
27692623  BAIN, MANJIT              124 & 124 1/2 ONYX AV    NEWPORT BEA  CA   92662  Primary    2-Family     360
27692755  ROSTHOLDER, NEIL          30317 GOODSPRING DR      AGOURA HILL  CA   91301  Primary    SFR          360
27694215  ROBERTSON, JOHN           6064 SHADYCREEK DRIV     AGOURA HILL  CA   91301  Primary    SFR          360
27695642  MCGIFFERT, BRIAN          1162 DENISE WAY          SAN JOSE     CA   95125  Primary    SFR          360
27696251  SPANGLER, JOHN            1002 OAKDALE ROAD        ATLANTA      GA   30307  Primary    SFR          360
27698273  HOBBS, KATHY              8222 ASHWORTH COURT      JACKSONVILL  FL   32256  Primary    SFR          360
27698646  SERAYDARIAN, PAUL         2715 BASIL LANE          LOS ANGELES  CA   90077  Primary    Condo        360
27700517  MERTZ, RICHARD            8302 PASEO DEL OCA       LA JOLLA     CA   92037  Primary    SFR          360
27702125  RUTHERFORD II, JOHN       419 NW ALBEMARLE TERR    PORTLAND     OR   97210  Secondary  SFR          360
27704204  HSU, SOPHIA               4324 S BEL AIR DRIVE     LA CANADA F  CA   91011  Primary    SFR          360
27704600  OSTROFE, NEIL             1499 SUNNYBROOK ROAD     ALAMO        CA   94507  Primary    SFR          360
27704618  HYDE, JEFFREY             4118 PINE MEADOWS WA     PEBBLE BEAC  CA   93953  Primary    SFR          360
27705276  WARDENBURG, PETER         3 BEYER COURT            NOVATO       CA   94945  Primary    SFR          360
27705912  NAUMANN, R                29825 VISTA DEL ARROY    AGOURA HILL  CA   91301  Primary    SFR          360
27707470  TIGHTJR, DEXTER           590 MENLO OAKS DRIV      MENLO PARK   CA   94025  Primary    SFR          360
27709716  CONRY, SCOTT              449 STRATFORD PARK       SAN JOSE     CA   95136  Primary    SFR          360
27712348  HULL, ROBERT              4112 PURDUE              DALLAS       TX   75225  Primary    SFR          360
27712843  LONG, TIMOTHY             4914 ESSEX AVENUE        CHEVY CHASE  MD   20815  Primary    SFR          360
27713049  OSZEWSKI, JAMES           140 ERSELIA TRAIL        ALAMO        CA   94507  Primary    SFR          360
27716323  BOJORQUEZ, JOSEPH         1323 S WALKER AVENUE     SAN PEDRO    CA   90731  Primary    SFR          360
27716729  MCCARTHY, KEVIN           2 WHITEHOLLOW            COTO DE CAZ  CA   92679  Primary    PUD          360
27718469  WEBER, DONALD             335 HOMEWOOD ROAD        LOS ANGELES  CA   90049  Primary    SFR          360
27719129  AGAJANIAN, GERALD         9847 RAVARI DRIVE        CYPRESS      CA   90630  Primary    SFR          360
27721075  JEBRAILI, RAMIN           6060 SUGARSTONE COUR     MCLEAN       VA   22101  Primary    PUD          360
27722610  STREETER, RANDAL          28351 AVENIDA LA MANC    SAN JUAN CA  CA   92675  Primary    PUD          360
27722800  CHEN, FRANCIS             243 N ARDEN BLVD         LOS ANGELES  CA   90004  Primary    SFR          360
27724004  HUSAIN, LUBNA             17 MOCCASIN LANE         ROLLING HIL  CA   90274  Primary    SFR          360
27725803  MONASEE, SCOTT            1830 NEWCASTLE DRIVE     LOS ALTOS    CA   94024  Primary    SFR          360
27726017  HEIM, DAVID               502 GRAND STREET         REDWOOD CIT  CA   94062  Primary    SFR          360
27726751  EDWARDS, GLEN             1228 WASHOE DRIVE        SAN JOSE     CA   95120  Primary    SFR          360
27729532  MOSELY, KATHRYN           4007 ETHEL AVE           STUDIO CITY  CA   91604  Primary    SFR          360
27730381  SHILAKES, CHRISTOPHE      104 OAKDALE AVE          MILL VALLEY  CA   94941  Primary    SFR          360
27730498  WHITE, JEFF               612 BURNEY CREEK         SAN RAMON    CA   94583  Primary    PUD          360
27737030  ANKENMAN, C               618 TIMPANOGOS LANE      DANVILLE     CA   94526  Primary    SFR          360
27737097  GARDNER, DEAN             4658 GRESHAM DRIVE       EL DORADO H  CA   95762  Primary    SFR          360
27737204  HOWE, ROGER               610 BEAR OAKS DRIVE      MARTINEZ     CA   94553  Primary    SFR          360
27738822  CORY, CAROLE              3475 AUBURN FOLSOM R     LOOMIS       CA   95650  Primary    SFR          360
27739150  HEFNER, SHERRY            15149 BEL ESTOS DRIVE    SAN JOSE     CA   95124  Primary    SFR          360
27742352  VAN METER, MITCHELL       6509 IDLEWILD COURT      SAN JOSE     CA   95120  Primary    SFR          360
27743046  BIDONDO, CHARLES          3043 MIWOK WAY           CLAYTON      CA   94517  Primary    SFR          360
27744036  LOOMIS, GREGORY           904 BLANDFORD BR         REDWOOD CIT  CA   95062  Primary    SFR          360
27744275  KYLE, SEAN                4559 GATETREE CIRCLE     PLEASANTON   CA   94566  Primary    SFR          360
27744861  HAFEMAN, JAMES            8130 HAMPSTEAD WAY       GRANITE BAY  CA   95746  Primary    SFR          360
27745082  KUO, MEI                  1823 MIDDLEFIELD ROA     PALO ALTO    CA   94301  Primary    SFR          360
27745504  PATEL, SAMIT              23962 BROADHORN DRIVE    LAGUNA NIGU  CA   92677  Primary    PUD          360
27745660  TAM, WAI                  2147 14TH AVENUE         SAN FRANCIS  CA   94116  Primary    SFR          360
27746239  PENCIU, GABRIEL           6258 CAMINO DEL LAGO     PLEASANTON   CA   94566  Primary    SFR          360
27746460  CHANG, WAI                5147 XAVIER COMMON       FREMONT      CA   94555  Primary    SFR          360
27749357  TUPY, GEORGE              13118 LA CRESTA DRIVE    LOS ALTOS H  CA   94022  Primary    SFR          360
27752070  KIM, SUNG                 2298 LEMOYNE WAY         CAMPBELL     CA   95008  Primary    SFR          360
27753516  BEST, DANIEL              218 NOB HILL DRIVE       LONGWOOD     FL   32779  Primary    SFR          360
27758499  SATER, JAMES              312 S PECK DRIVE         BEVERLY HIL  CA   90212  Primary    SFR          360
27762293  CZINSKI, GEORGE           2248 LOCH WAY            EL DORADO H  CA   95762  Primary    SFR          360
27762806  SIMMONS, WILLIAM          3284 PADILLA WAY         SAN JOSE     CA   95148  Primary    SFR          360
30005151  BALDWIN, RALPH            9151 NE EAGLE ROCK AVEN  ALBUQUERQUE  NM   87122  Primary    SFR          360

                                                        [Enlarge/Download Table]

LOAN#     LTV   RATE  FIRSTPAYDT  MAT DT  PANDI    SCHPTD     ORIG BAL  ACT BALANCE    SCH BALANCE
-----     ---   ----  ----------  ------  -----    ------     --------  -----------    -----------
                                                                                                  
22507339  78.1  6.875     3/1/99  2/1/29  1769.44  3/1/99       269350   269350.00       269123.71
22663801  78.6   6.75     3/1/99  2/1/29  1809.59  3/1/99       279000   279000.00       278759.79
22670293  80.0  6.625     3/1/99  2/1/29  2232.13  3/1/99       348600   348600.00       348292.43
22678528  80.0  6.625     3/1/99  2/1/29  2202.67  3/1/99       344000   344000.00       343696.50
22685754  70.0  6.875     3/1/99  2/1/29  2414.21  3/1/99       367500   367500.00       367191.26
22688923  87.9  6.875     3/1/99  2/1/29   1905.1  3/1/99       290000   289756.36       289756.36
22703557  65.1  6.875     3/1/99  2/1/29  1642.32  3/1/99       250000   250000.00       249789.97
22706832  75.0  6.875     3/1/99  2/1/24  2688.73  3/1/99       384750   384750.00       384265.57
22710305  75.7  6.875     4/1/99  3/1/29  2102.18  3/1/99       320000   320000.00       320000.00
22713101  71.4  6.875     3/1/99  2/1/29  2529.18  3/1/99       385000   385000.00       384676.55
22716716  80.0    6.5     3/1/99  2/1/29  2016.93  3/1/99       319100   319100.00       318811.53
22720163  48.1  6.625     3/1/99  2/1/29  1618.07  3/1/99       252700   252700.00       252477.04
22720767  90.0  6.875     3/1/99  2/1/29  2299.91  3/1/99       350100   350100.00       349805.87
22720908  80.0    6.5     3/1/99  2/1/29  2261.86  3/1/99       357850   357850.00       357526.49
22725253  75.0  6.625     3/1/99  2/1/24  1946.67  3/1/99       285000   285000.00       284626.77
22725626  59.8  6.875     4/1/99  3/1/29  1924.81  3/1/99       293000   293000.00       293000.00
22731012  64.2  6.875     1/1/99 12/1/28  3140.12  3/1/99       478000   476788.34       476788.34
22732382  67.8  6.875     4/1/99  3/1/29  2581.73  3/1/99       393000   393000.00       393000.00
22737175  78.5  6.625     3/1/99  2/1/29  3015.86  3/1/99       471000   471000.00       470584.45
22737837  78.0  6.875     3/1/99  2/1/19  2288.08  3/1/99       298000   298000.00       297419.21
22745913  63.6  6.875     3/1/99  2/1/29  1838.09  3/1/99       279800   279800.00       279564.93
22746101  80.0   6.75     3/1/99  2/1/29   1989.9  3/1/99       306800   306800.00       306535.85
22746515  80.0    6.5     3/1/99  2/1/29   2645.2  3/1/99       418500   418021.68       418021.68
22748552  66.7  6.875     3/1/99  2/1/29  2364.95  3/1/99       360000   360000.00       359697.55
22749535  80.0  6.875     3/1/99  2/1/29  1896.89  3/1/99       288750   288750.00       288507.41
22750491  71.0  6.875     3/1/99  2/1/29  3148.33  3/1/99       479250   479250.00       478847.37
22780563  49.0  6.875     3/1/99  2/1/29  2233.56  3/1/99       340000   340000.00       339714.36
27646785  65.0   6.75     4/1/99  3/1/29  1686.36  3/1/99       260000   260000.00       260000.00
27670686  90.0  6.875     4/1/99  3/1/29  1685.03  3/1/99       256500   256500.00       256500.00
27671932  80.0  6.875     4/1/99  3/1/29  1769.98  3/1/99       269432   269432.00       269432.00
27678481  80.0    6.5     4/1/99  3/1/29  1853.23  3/1/99       293200   293200.00       293200.00
27746155  80.0  6.875     4/1/99  3/1/29  2522.61  3/1/99       384000   384000.00       384000.00
27761857  80.0  6.875     4/1/99  3/1/29  2165.24  3/1/99       329600   329600.00       329600.00
21807797  77.4   7.25     2/1/99  1/1/29  3035.69  3/1/99       445000   444652.85       444303.60
21884051  42.9   7.25     3/1/99  2/1/29  4434.15  3/1/99       650000   650000.00       649492.93
21922505  80.0   7.25     7/1/98  6/1/28  1626.31  3/1/99       238400   236880.34       236685.18
21982400  80.0  7.125     2/1/99  1/1/29  1880.66  3/1/99       279145   278921.76       278697.20
22038095  80.0  7.375     3/1/99  2/1/29  2682.58  3/1/99       388400   388400.00       388104.46
22059000  95.0  7.375     3/1/99  2/1/29  1797.83  3/1/99       260300   260101.93       260101.93
22063929  89.9      7     2/1/99  1/1/29  1743.09  3/1/99       262000   261569.23       261569.23
22094742  95.0   7.25     2/1/99  1/1/29  1703.74  3/1/99       249750   249238.95       249041.03
22105514  80.0  7.125     2/1/99  1/1/29  2002.29  3/1/99       297200   296643.54       296643.54
22169361  89.9   6.75     2/1/99  1/1/29  1847.73  3/1/99       284880   284634.72       284388.06
22172654  70.1  7.125     2/1/99  1/1/29  1724.72  3/1/99       256000   255795.28       255589.34
22204317  61.3  6.875     2/1/99  1/1/29  1911.66  3/1/99       291000   290755.53       290509.66
22226146  79.9    7.5     2/1/99  1/1/29  1892.77  3/1/99       270700   270499.11       270296.96
22286355  80.0  6.625     2/1/99  1/1/29  1638.56  3/1/99       255900   255673.72       255446.69
22303101  75.0    7.5     1/1/99 12/1/28  2176.31  3/1/99       311250   310786.56       310552.67
22307177  65.7   7.75     3/1/99  2/1/29  2471.63  3/1/99       345000   344756.49       344756.49
22310882  92.9  7.375     1/1/99 12/1/28  2072.03  3/1/99       300000   299308.78       299308.78
22317622  45.2    7.5     2/1/99  1/1/29  1992.76  3/1/99       285000   284288.49       284072.53
22321632  95.0   7.25     1/1/99 12/1/28  1633.14  3/1/99       239400   239025.35       238836.32
22326037  78.2    7.5     1/1/99 12/1/28  1639.31  3/1/99       234450   233924.74       233924.74
22327845  75.0  7.125     2/1/99  1/1/19  2947.32  3/1/99       376500   375788.15       375072.07
22339584  76.8   7.25     3/1/99  2/1/29  4136.72  3/1/99       606400   606400.00       605926.95
22360416  59.2  7.125     3/1/99  2/1/29   2391.7  3/1/99       355000   355000.00       354716.11
22373906  79.3  6.875     2/1/99  1/1/29  1744.15  3/1/99       265500   265276.94       265052.61
22375711  80.0   6.75    12/1/98 11/1/28  2650.82  3/1/99       408700   407638.41       407280.56
22378905  72.2  6.625    12/1/98 11/1/28   2125.2  3/1/99       331900   331016.63       330718.92
22385124  80.0   6.75     1/1/99 12/1/28  2379.06  3/1/99       366800   365718.03       365718.03
22394308  40.0   7.25     2/1/99  1/1/19  2766.32  3/1/99       350000   348692.59       348692.59
22395271  75.0  6.875     2/1/99  1/1/29  2217.13  3/1/99       337500   337133.59       336847.95
22395693  77.8  6.875     2/1/99  1/1/29  1616.04  3/1/99       246000   245793.34       245585.49
22397574  61.1  6.875     2/1/99  1/1/29  2167.87  3/1/99       330000   329722.76       329443.93
22399497  80.0  6.625     2/1/99  1/1/29  2313.12  3/1/99       361250   360931.28       360610.80
22409213  88.6  6.875     2/1/99  1/1/29  1891.95  3/1/99       288000   287758.05       287514.71
22410807  69.4   6.75     2/1/99  1/1/29  2205.23  3/1/99       340000   339707.27       339412.89
22411649  75.0    6.5     2/1/99  1/1/29  2844.31  3/1/99       450000   449593.19       449184.18
22430417  48.4      7     1/1/99 12/1/28  3060.39  3/1/99       460000   458862.20       458862.20
22439178  95.0  7.875     2/1/99  1/1/29  1979.44  3/1/99       273000   272812.12       272623.01
22440549  78.4  7.125     1/1/99 12/1/28  2694.87  3/1/99       400000   399358.35       399034.67
22440622  73.8  7.125     1/1/99 12/1/28  1616.92  3/1/99       240000   239515.01       239320.21
22440663  79.8  6.875     1/1/99 12/1/28  2522.61  3/1/99       384000   383352.93       383026.61
22441760  90.0  7.125     3/1/99  2/1/29  2152.53  3/1/99       319500   319500.00       319244.50
22442164  56.0      7     2/1/99  1/1/29   2534.8  3/1/99       381000   380687.70       380373.58
22442263  80.0    7.5     2/1/99  1/1/29  1949.41  3/1/99       278800   278593.09       278384.89
22454342  55.2      7     3/1/99  2/1/29  5322.42  3/1/99       800000   800000.00       799344.25
22460695  80.0  7.375     1/1/99 12/1/28  3453.38  3/1/99       500000   499236.74       498851.59
22466213  80.0  7.375     2/1/99  1/1/29   2348.3  3/1/99       340000   339741.28       339480.97
22486120  75.3      7     2/1/99  1/1/29  1879.48  3/1/99       282500   282268.44       282035.53
22489546  90.0   7.25     1/1/99 12/1/28  1933.97  3/1/99       283500   283056.35       282832.51
22493878  75.0  7.125     2/1/99  1/1/29  1768.51  3/1/99       262500   262290.08       262078.92
22495527  80.0    7.5     1/1/99 12/1/28  2602.76  3/1/99       372240   371685.75       371406.03
22496434  80.0   7.25     1/1/99 12/1/28  2030.16  3/1/99       297600   297034.28       296798.70
22498406  80.0    7.5     1/1/99 12/1/28  1789.99  3/1/99       256000   255618.83       255426.46
22499461  61.5  7.125     2/1/99  1/1/29  3018.26  3/1/99       448000   447641.74       447281.35
22499750  62.5  7.375     2/1/99  1/1/29  1726.69  3/1/99       250000   249809.77       249618.37
22499875  42.2      7     1/1/99 12/1/28  2805.58  3/1/99       421700   420656.93       420656.93
22500045  69.8  7.125     2/1/99  1/1/29  2256.96  3/1/99       335000   334732.10       334462.61
22500342  80.0  7.125     2/1/99  1/1/29  3074.18  3/1/99       456300   455935.10       455568.03
22500433  75.5    7.5     2/1/99  1/1/29  1879.49  3/1/99       268800   266940.17       266940.17
22500599  80.0   7.25     2/1/99  1/1/29  1771.27  3/1/99       259650   259447.45       259243.68
22500987  65.6  7.375     2/1/99  1/1/29  3453.38  3/1/99       500000   499619.54       499236.74
22502876  89.6   7.25     1/1/99 12/1/28   2476.3  3/1/99       363000   362431.94       362145.33
22503387  95.0   7.75     1/1/99 12/1/28   1837.6  3/1/99       256500   256136.75       255953.37
22504914  69.4  7.375     2/1/99  1/1/29  2267.66  3/1/99       328324   327074.16       326816.64
22507248  80.0   7.25     2/1/99  1/1/29  3312.65  3/1/99       485600   485221.18       484840.07
22509723  71.5   7.25     2/1/99  1/1/29  1657.69  3/1/99       243000   242810.44       242619.73
22514939  80.0  7.125     2/1/99  1/1/29  1886.42  3/1/99       280000   279776.08       279550.83
22517031  74.7   7.25     3/1/99  2/1/29  2701.42  3/1/99       396000   396000.00       395691.08
22519052  68.6  7.125     2/1/99  1/1/29  1751.67  3/1/99       260000   259792.08       259582.93
22521272  74.3  6.875     2/1/99  1/1/29  2148.16  3/1/99       327000   326448.98       326448.98
22521751  76.0  7.375     2/1/99  1/1/29  2624.57  3/1/99       380000   379710.85       379419.92
22521769  74.8   7.25     2/1/99  1/1/29  2169.32  3/1/99       318000   317245.48       316992.85
22522536  75.0  7.625     2/1/99  1/1/29  2229.56  3/1/99       315000   314542.55       314542.55
22522957  76.3    7.5     2/1/99  1/1/29  1734.05  3/1/99       248000   247815.95       247630.75
22523047  76.5   7.25     2/1/99  1/1/29  4434.15  3/1/99       650000   649492.83       648982.70
22524565  80.0  7.375     1/1/99 12/1/28  1795.76  3/1/99       260000   258864.56       258659.74
22526503  75.0    7.5     3/1/99  2/1/29  1887.88  3/1/99       270000   270000.00       269799.62
22529119  58.0    7.5     1/1/99 12/1/28  1678.11  3/1/99       240000   239642.67       239462.33
22530547  90.0   7.25     1/1/99 12/1/28  2344.64  3/1/99       343700   343041.72       342769.62
22531842  95.0      7     2/1/99  1/1/29  1886.64  3/1/99       283575   282641.13       282641.13
22532683  79.9      7     2/1/99  1/1/29  1849.55  3/1/99       278000   277542.91       277542.91
22532816  75.0    7.5     1/1/99 12/1/28  1878.79  3/1/99       268700   268098.01       268098.01
22533012  64.5  7.125     2/1/99  1/1/29   3206.9  3/1/99       476000   475619.35       475236.44
22535199  42.1      7     2/1/99  1/1/29  2661.21  3/1/99       400000   399672.12       399342.33
22536700  65.0      7     3/1/99  2/1/29  1989.25  3/1/99       299000   299000.00       298754.92
22538185  54.9   7.25     2/1/99  1/1/29  1705.44  3/1/99       250000   249608.78       249608.78
22538516  65.7  7.125     2/1/99  1/1/29  4379.17  3/1/99       650000   648957.33       648957.33
22538656  70.2  7.625     2/1/99  1/1/24  2069.21  3/1/99       276950   276640.58       276329.19
22538961  90.0   7.25     1/1/99 12/1/28   1829.6  3/1/99       268200   267780.29       267568.53
22540025  57.1    7.5     1/1/99 12/1/28  2796.86  3/1/99       400000   399404.42       399103.84
22541288  67.1      7     2/1/99  1/1/29  2297.95  3/1/99       345400   345116.88       344832.11
22544308  73.6  7.375     2/1/99  1/1/29  2762.71  3/1/99       400000   399389.37       399389.37
22545792  80.0   7.25     2/1/99  1/1/29  1036.23  3/1/99       151900   151781.50       151662.28
22545842  80.0   7.25     1/1/99 12/1/28   676.72  3/1/99        99200    98966.44        98966.44
22546097  80.0    7.5     1/1/99 12/1/28  2472.42  3/1/99       353600   353073.52       352807.81
22546329  75.0   7.25     2/1/99  1/1/29  2031.18  3/1/99       297750   297469.64       297235.67
22548002  80.0  7.375     2/1/99  1/1/29   2370.4  3/1/99       343200   342938.85       342676.10
22549281  77.7  7.375     2/1/99  1/1/29  3166.75  3/1/99       458500   457800.08       457800.08
22549679  71.1      7     2/1/99  1/1/29  1863.84  3/1/99       280150   279920.37       279689.40
22549893  77.5  6.875     2/1/99  1/1/29  2036.48  3/1/99       310000   309739.56       309477.63
22551402  77.3   7.25     1/1/99 12/1/28  2899.25  3/1/99       425000   424334.92       423999.36
22551428  74.9      7     2/1/99  1/1/29  2069.09  3/1/99       311000   310488.67       310488.67
22552087  75.0  7.375     2/1/99  1/1/29  3330.78  3/1/99       482250   481883.04       481513.83
22552186  95.0  7.625     2/1/99  1/1/29   1798.5  3/1/99       254100   253916.08       253731.01
22552723  94.6  7.125     2/1/99  1/1/29  1547.87  3/1/99       229750   229566.27       229381.45
22552822  80.0   7.25     2/1/99  1/1/29  1702.71  3/1/99       249600   249405.29       249209.40
22553317  80.0  7.375     2/1/99  1/1/29  3204.73  3/1/99       464000   463646.94       463291.71
22556872  84.0  7.375     1/1/99 12/1/28  1643.81  3/1/99       238000   237636.69       237453.36
22557433  73.1   7.25     1/1/99 12/1/28  2967.47  3/1/99       435000   434319.26       433975.80
22558456  80.0    7.5     1/1/99 12/1/28  4111.38  3/1/99       588000   587124.51       586682.66
22558613  85.3      7     2/1/99  1/1/29  1787.74  3/1/99       268710   268489.74       268268.19
22558647  89.8    7.5     1/1/99 12/1/28  1632.67  3/1/99       233500   233051.71       232875.61
22558977  71.4   7.25     3/1/99  2/1/29  3629.18  3/1/99       532000   532000.00       531584.99
22559728  75.0   7.25     2/1/99  1/1/29  4144.23  3/1/99       607500   607026.08       606549.30
22560312  90.0    7.5     3/1/99  2/1/29  1906.76  3/1/99       272700   272700.00       272497.62
22561021  80.0  7.625     1/1/99 12/1/28  2202.65  3/1/99       311200   310520.01       310520.01
22561724  80.0    7.5     2/1/99  1/1/29  2304.62  3/1/99       329600   329355.38       329109.23
22564108  80.0  7.125     2/1/99  1/1/29  1791.42  3/1/99       265900   265687.36       265473.46
22564579  95.0  7.625     2/1/99  1/1/29  1701.18  3/1/99       240350   240176.04       240000.98
22569065  80.0   7.25     1/1/99 12/1/28  1719.09  3/1/99       252000   251605.63       251406.66
22570089  95.0  7.125     2/1/99  1/1/29   1888.1  3/1/99       280250   280025.88       279800.43
22570329  73.4   7.25     1/1/99 12/1/28  3131.19  3/1/99       459000   458278.71       457916.29
22571236  80.0  7.625     2/1/99  1/1/29  2774.55  3/1/99       392000   391716.28       391430.76
22571590  95.0  7.375     2/1/99  1/1/29  2132.46  3/1/99       308750   308515.07       308278.69
22571871  56.0  6.875     2/1/99  1/1/29  1746.77  3/1/99       265900   265676.62       265451.96
22571947  80.0  7.625     2/1/99  1/1/29  3765.47  3/1/99       532000   531614.95       531227.45
22571954  80.0  7.375     2/1/99  1/1/29  2486.44  3/1/99       360000   359726.06       359450.44
22572051  80.0  7.625     1/1/99 12/1/28   2583.1  3/1/99       364950   363527.47       363527.47
22572226  78.9  7.375     2/1/99  1/1/29   3062.8  3/1/99       443450   443112.57       442773.07
22572358  76.1   7.25     1/1/99 12/1/28  2387.62  3/1/99       350000   349327.44       349050.34
22572721  90.0  7.375     2/1/99  1/1/29  1989.15  3/1/99       288000   287780.85       287560.35
22573026  80.0   7.25     2/1/99  1/1/29   2684.7  3/1/99       393550   393243.00       392934.14
22573075  75.6   7.25     2/1/99  1/1/29   1691.8  3/1/99       248000   247806.53       247611.89
22573323  78.8   7.25     2/1/99  1/1/29  1933.97  3/1/99       283500   283056.35       283056.35
22574404  95.0  7.375     2/1/99  1/1/29  1915.94  3/1/99       277400   277188.91       276976.53
22574545  66.3   6.75     2/1/99  1/1/29  1978.22  3/1/99       305000   304207.78       304473.34
22575484  80.0   7.25     2/1/99  1/1/29  2466.75  3/1/99       361600   361034.13       361034.13
22576318  95.0  7.875     1/1/99 12/1/28  1963.13  3/1/99       270750   270376.11       270187.32
22576847  90.0    7.5     2/1/99  1/1/29   2139.6  3/1/99       306000   305075.84       304842.96
22577191  70.6    7.5     2/1/99  1/1/29   4544.2  3/1/99       649900   649417.68       648932.34
22577290  80.0    7.5     2/1/99  1/1/29  2153.59  3/1/99       308000   307771.41       307541.39
22577316  80.0   7.25     2/1/99  1/1/29  2221.17  3/1/99       325600   325090.46       325090.46
22577522  78.6      7     2/1/99  1/1/29   2065.1  3/1/99       310400   310145.57       309889.65
22577647  75.0  7.125     1/1/99 12/1/28  1768.52  3/1/99       262500   262078.90       261866.47
22577696  78.6  7.375     2/1/99  1/1/29  2225.36  3/1/99       322200   321954.83       321708.15
22578470  75.0   7.25     1/1/99 12/1/28  1893.04  3/1/99       277500   277065.73       276846.63
22578553  74.7   7.25     2/1/99  1/1/29  3541.86  3/1/99       519200   518387.50       518387.50
22578777  57.6      7     3/1/99  2/1/29  2395.09  3/1/99       360000   360000.00       359704.91
22579478  77.8   7.25     2/1/99  1/1/29  1883.83  3/1/99       276150   275934.58       275717.85
22579767  80.0  7.375     1/1/99 12/1/28  1618.94  3/1/99       234400   234042.19       233861.63
22579916  85.8  7.375     1/1/99 12/1/28  2519.58  3/1/99       364800   363962.13       363962.13
22580500  80.0   7.25     2/1/99  1/1/29  1865.07  3/1/99       273400   273186.72       272972.15
22581268  95.0  7.625     2/1/99  1/1/29  1849.11  3/1/99       261250   261060.92       260870.63
22581292  74.9  7.125     2/1/99  1/1/29  2095.26  3/1/99       311000   310551.30       310299.94
22581417  90.0  6.875     2/1/99  1/1/29  1797.69  3/1/99       273650   273356.16       273124.57
22581532  80.0  7.125     1/1/99 12/1/28  2252.92  3/1/99       334400   333863.57       333592.96
22581896  80.0   7.25     2/1/99  1/1/29  1743.65  3/1/99       255600   255200.00       255200.00
22581995  90.0  7.375     1/1/99 12/1/28  1989.14  3/1/99       288000   287560.37       287338.53
22582274  75.6  7.375     2/1/99  1/1/29  3211.64  3/1/99       465000   464290.17       464290.17
22582290  75.9  7.625     3/1/99  2/1/24  2286.25  3/1/99       306000   305658.13       305658.13
22585186  80.0  7.125     2/1/99  1/1/29  1573.47  3/1/99       233550   233310.02       233121.83
22585491  67.4  7.375     1/1/99 12/1/28  1968.42  3/1/99       285000   284564.95       284345.42
22586150  95.0    7.5     2/1/99  1/1/29   2092.4  3/1/99       299250   298804.43       298804.43
22586192  80.0  7.375     2/1/99  1/1/29  1900.74  3/1/99       275200   274990.59       274779.90
22587091  80.0    7.5     1/1/99 12/1/28  2293.42  3/1/99       328000   327265.15       327265.15
22587729  88.8      7     1/1/99 12/1/28  1583.42  3/1/99       238000   237603.34       237405.94
22588438  71.9      7     2/1/99  1/1/29  1723.13  3/1/99       259000   258787.70       258574.16
22589253  80.0      7     2/1/99  1/1/29  1857.52  3/1/99       279200   278740.96       278740.96
22589337  80.0  7.875     1/1/99 12/1/28   2059.2  3/1/99       284000   283607.82       283409.80
22589550  80.0   7.25     3/1/99  2/1/29  1937.38  3/1/99       284000   284000.00       283778.45
22590004  89.5   7.25     2/1/99  1/1/29  1751.86  3/1/99       256804   256402.11       256402.11
22590012  95.0  7.625     1/1/99 12/1/28  1865.75  3/1/99       263600   263217.21       263023.99
22590160  75.0   7.25     2/1/99  1/1/29   1662.8  3/1/99       243750   243559.86       243368.57
22590566  80.0   7.25     2/1/99  1/1/29   2101.1  3/1/99       308000   307759.73       307518.01
22590962  80.0  7.375     2/1/99  1/1/29  2210.17  3/1/99       320000   319756.50       319511.50
22591093  80.0  7.375     2/1/99  1/1/29  1698.37  3/1/99       245900   245524.63       245524.63
22591200  79.8    7.5     2/1/99  1/1/29  1817.96  3/1/99       260000   259807.04       259612.87
22591440  79.3   7.25     2/1/99  1/1/29   2380.8  3/1/99       349000   348727.74       348453.84
22591556  78.4  7.375     2/1/99  1/1/29  2058.21  3/1/99       298000   297545.10       297545.10
22592364  90.0   7.25     2/1/99  1/1/29  1903.28  3/1/99       279000   278782.35       278563.38
22592927  75.0  6.625     2/1/99  1/1/29  1920.93  3/1/99       300000   299735.32       299469.18
22593065  78.1  7.375     1/1/99 12/1/28  4489.39  3/1/99       650000   649007.76       648507.06
22593156  50.0  7.375     2/1/99  1/1/29  2244.69  3/1/99       325000   324752.71       324503.90
22593545  80.0    7.5     2/1/99  1/1/29  1731.26  3/1/99       247600   247231.33       247231.33
22594204  22.4      7     2/1/99  1/1/29  2461.62  3/1/99       370000   369391.65       369391.65
22594733  87.6   7.25     2/1/99  1/1/29  2391.03  3/1/99       350500   350226.57       349951.49
22594964  37.1   7.25     1/1/99 12/1/28  3417.71  3/1/99       501000   499820.40       499820.40
22595045  80.0      7     3/1/99  2/1/29  4071.65  3/1/99       612000   611498.35       611498.35
22595193  80.0      7     2/1/99  1/1/29   4078.3  3/1/99       613000   611992.13       611992.13
22595359  80.0      7     2/1/99  1/1/29  1783.02  3/1/99       268000   267780.31       267559.34
22595391  80.0   7.25     1/1/99 12/1/28  2718.27  3/1/99       398470   397846.42       397531.81
22595888  80.0   7.25     1/1/99 12/1/28  2483.12  3/1/99       364000   363430.38       363142.99
22595912  49.3  7.125     1/1/99 12/1/28  2324.33  3/1/99       345000   344446.58       344167.40
22596118  80.0  7.625     1/1/99 12/1/28  2151.34  3/1/99       303950   303285.82       303285.82
22596209  80.0   7.25     2/1/99  1/1/29   2319.4  3/1/99       340000   339467.93       339467.93
22596886  80.0   7.25     2/1/99  1/1/29  2139.31  3/1/99       313600   313355.36       313109.24
22596951  83.7      7     2/1/99  1/1/29  1976.61  3/1/99       297100   296856.47       296611.52
22597181  69.2  7.375     2/1/99  1/1/29  3702.02  3/1/99       536000   535592.15       535181.79
22597504  45.0   7.25     2/1/99  1/1/29  3103.91  3/1/99       455000   454645.05       454287.95
22597975  70.8   7.25     2/1/99  1/1/29  1931.58  3/1/99       283150   282706.90       282706.90
22598098  74.2  7.125     1/1/99 12/1/28  1805.57  3/1/99       268000   267570.09       267353.22
22598106  77.3  7.625     2/1/99  1/1/29  1724.19  3/1/99       243600   243423.68       243246.24
22598544  80.0   7.25     2/1/99  1/1/29  2264.83  3/1/99       332000   331741.00       331480.44
22598569  64.4  7.375     2/1/99  1/1/29  3004.44  3/1/99       435000   434669.00       434335.96
22598700  81.5    7.5     2/1/99  1/1/29  1852.22  3/1/99       264900   264703.41       264505.59
22598759  80.0  7.125     1/1/99 12/1/28  2021.16  3/1/99       300000   299518.76       299275.99
22598965  80.0  7.375     1/1/99 12/1/28  2276.47  3/1/99       329600   329096.86       328842.96
22599260  56.7  7.375     3/1/99  2/1/29  2410.46  3/1/99       349000   349000.00       348734.44
22599294  76.3      7     3/1/99  2/1/29  2691.81  3/1/99       404600   404600.00       404268.36
22599310  52.6    7.5     2/1/99  1/1/29  2796.86  3/1/99       400000   399703.14       399404.42
22599674  78.8   7.25     3/1/99  2/1/29  3223.28  3/1/99       472500   472500.00       472131.41
22599872  62.6      7     2/1/99  1/1/29  2228.76  3/1/99       335000   334449.21       334449.21
22599906  76.1      7     2/1/99  1/1/29   2095.7  3/1/99       315000   314741.80       314482.09
22600217  95.0      7     2/1/99  1/1/29  1561.46  3/1/99       234700   234507.62       234314.12
22600407  66.3   7.25     1/1/99 12/1/28  1773.66  3/1/99       260000   257277.54       257277.54
22600597  80.0   7.25     2/1/99  1/1/29   2537.7  3/1/99       372000   196709.80       195360.56
22600712  47.2    7.5     2/1/99  1/1/29  1748.04  3/1/99       250000   249814.46       249627.76
22600860  80.0  7.125     2/1/99  1/1/29  2425.39  3/1/99       360000   359712.11       359422.51
22601025  73.0      7     2/1/99  1/1/29  2330.22  3/1/99       350250   349962.90       349674.13
22601173  76.9   7.25     2/1/99  1/1/29  1862.34  3/1/99       273000   272787.04       272572.79
22601298  75.0  6.875     2/1/99  1/1/29  1699.81  3/1/99       258750   258532.61       258313.98
22601306  77.4  7.375     2/1/99  1/1/29  1871.73  3/1/99       271000   270586.31       270586.31
22603021  58.9   7.25     2/1/99  1/1/29  3376.77  3/1/99       495000   494613.86       494225.38
22603161  80.0  7.125     1/1/99 12/1/28  1994.21  3/1/99       296000   295525.17       295285.64
22603427  76.7      7     3/1/99  2/1/29  1699.85  3/1/99       255500   255290.57       255290.57
22603765  79.2  7.125     2/1/99  1/1/29   1920.1  3/1/99       285000   284772.09       284542.82
22604250  80.0   7.25     1/1/99 12/1/28  2967.19  3/1/99       434958   434277.31       433933.88
22604359  75.0  7.125     3/1/99  2/1/29  2046.42  3/1/99       303750   303750.00       303507.10
22604383  80.0  7.125     2/1/99  1/1/29   1767.5  3/1/99       262350   262140.20       261929.16
22604441  95.0  7.375     2/1/99  1/1/29  2235.37  3/1/99       323650   323155.95       323155.95
22604896  80.0  7.125     2/1/99  1/1/29  2344.55  3/1/99       348000   347721.70       347441.75
22604979  68.3   7.25     1/1/99 12/1/28  2956.56  3/1/99       433400   432721.76       432379.56
22604995  80.0  7.875     1/1/99 12/1/28  3411.81  3/1/99       470550   469900.21       469572.12
22605091  80.0  7.125     3/1/99  2/1/29  2134.35  3/1/99       316800   316546.65       316546.65
22605133  80.0  7.375     2/1/99  1/1/29  2876.67  3/1/99       416500   415864.19       415864.19
22605513  69.8  7.125     2/1/99  1/1/29  2539.92  3/1/99       377000   376395.25       376395.25
22605539  80.0  7.375     3/1/99  2/1/29  1906.26  3/1/99       276000   275789.99       275789.99
22605562  80.0   7.25     1/1/99 12/1/28  2670.38  3/1/99       391450   390837.42       390528.35
22605901  80.0  7.375     1/1/99 12/1/28  1851.01  3/1/99       268000   267384.45       267384.45
22606214  80.0  7.125     2/1/99  1/1/29  2540.26  3/1/99       377050   376748.15       376444.83
22606289  90.0    7.5     2/1/99  1/1/29  1695.95  3/1/99       242550   242138.85       242138.85
22606404  80.0  7.125     2/1/99  1/1/29   1773.9  3/1/99       263300   263089.43       262877.62
22606651  69.9      7     3/1/99  2/1/29  2800.93  3/1/99       421000   421000.00       420654.90
22606735  80.0   7.25     2/1/99  1/1/29  1926.47  3/1/99       282400   281958.07       281958.07
22607329  78.1   7.25     2/1/99  1/1/29  1971.49  3/1/99       289000   288774.55       288547.74
22607428  53.5      7     2/1/99  1/1/29  1780.35  3/1/99       267600   267380.65       267160.02
22607444  47.3   6.75     3/1/99  2/1/29  1978.22  3/1/99       305000   305000.00       304737.41
22607592  90.0    7.5     2/1/99  1/1/29  1755.73  3/1/99       251100   250905.07       250717.50
22608228  70.6  7.625     2/1/99  1/1/29  2399.42  3/1/99       339000   338754.64       338507.72
22608798  69.6  7.125     2/1/99  1/1/29  1994.21  3/1/99       296000   295763.29       295525.17
22609317  75.0  7.375     2/1/99  1/1/29  2331.03  3/1/99       337500   337243.19       336984.80
22609861  80.0   7.25     1/1/99 12/1/28  1401.88  3/1/99       205500   205178.39       205016.13
22610968  54.0      7     3/1/99  2/1/29  1862.85  3/1/99       280000   279770.48       279770.48
22611040  79.4    7.5     2/1/99  1/1/29   2405.3  3/1/99       344000   343744.70       343487.80
22611644  64.7  7.125     2/1/99  1/1/29  1852.73  3/1/99       275000   274558.86       274558.86
22611685  80.0  6.875     2/1/99  1/1/29  1884.07  3/1/99       286800   286316.73       286316.73
22612253  69.9   7.25     3/1/99  2/1/29  1916.92  3/1/99       281000   281000.00       280780.79
22612279  80.0  7.125     2/1/99  1/1/29  4042.32  3/1/99       600000   599520.18       599037.51
22612303  90.0   7.25     3/1/99  2/1/29   2124.3  3/1/99       311400   311400.00       311157.08
22612345  66.7  7.125     2/1/99  1/1/29  1819.05  3/1/99       270000   269784.08       269566.87
22612386  89.7  7.875     3/1/99  2/1/29  2283.97  3/1/99       315000   315000.00       314783.22
22612469  90.0  7.125     3/1/99  2/1/29  1940.31  3/1/99       288000   288000.00       287769.69
22612733  79.9   7.25     2/1/99  1/1/29  2616.83  3/1/99       383600   383300.75       382999.70
22613186  90.0      7     2/1/99  1/1/29  1783.02  3/1/99       268000   267559.34       267559.34
22613418  90.0  7.625     3/1/99  2/1/29  1783.65  3/1/99       252000   252000.00       251817.60
22613475  80.0  7.125     2/1/99  1/1/29  1941.33  3/1/99       288150   287880.24       287648.20
22613491  74.8      7     3/1/99  2/1/29  1942.02  3/1/99       291900   291900.00       291660.73
22613830  95.0   7.25     2/1/99  1/1/29  1722.84  3/1/99       252550   252352.98       252154.77
22614267  70.8   7.25     2/1/99  1/1/29  2148.86  3/1/99       315000   314507.05       314507.05
22614416  67.5      7     2/1/99  1/1/29  5122.83  3/1/99       770000   769368.84       768733.99
22614754  62.6  7.375     2/1/99  1/1/29  1664.53  3/1/99       241000   240816.62       240632.11
22614796  72.1  7.375     2/1/99  1/1/29  2255.05  3/1/99       326500   326251.56       326001.60
22615017  80.0      7     2/1/99  1/1/29  2161.24  3/1/99       324850   324583.72       324315.89
22615108  46.3  7.375     2/1/99  1/1/29  2382.83  3/1/99       345000   344737.48       344473.35
22615124  80.0      7     2/1/99  1/1/29  1716.48  3/1/99       258000   257788.52       257575.81
22615421  80.0   7.25     3/1/99  2/1/29  3814.73  3/1/99       559200   559200.00       558763.77
22616114  76.8    7.5     2/1/99  1/1/29  3356.23  3/1/99       480000   479643.77       479285.31
22616338  95.0   7.25     2/1/99  1/1/29  1742.62  3/1/99       255450   255250.72       255050.24
22616700  80.0  7.375     2/1/99  1/1/29  2736.11  3/1/99       396150   395848.56       395545.27
22617054  85.0  7.125     2/1/99  1/1/29  2581.35  3/1/99       383150   382535.38       382535.38
22617161  74.6   7.25     2/1/99  1/1/29  1705.44  3/1/99       250000   249804.98       249608.78
22617179  80.0   7.25     1/1/99 12/1/28  2041.07  3/1/99       299200   298731.78       298495.55
22617302  64.6  7.375     2/1/99  1/1/29  2141.09  3/1/99       310000   309526.79       309526.79
22617310  79.3  7.375     2/1/99  1/1/29  1933.89  3/1/99       280000   279786.94       279572.57
22617716  80.0  7.375     2/1/99  1/1/29  1740.51  3/1/99       252000   251808.24       251615.30
22617773  80.0  7.375     1/1/99 12/1/28  2065.12  3/1/99       299000   298313.25       298313.25
22618011  70.0  7.375    11/1/98 10/1/28  2257.82  3/1/99       326900   325895.80       325640.88
22618029  74.1  7.625     2/1/99  1/1/29  1967.67  3/1/99       278000   277798.79       277596.30
22618128  95.0   7.25     2/1/99  1/1/29  1872.91  3/1/99       274550   274335.83       274120.37
22618219  71.2  7.375     2/1/99  1/1/29  4157.86  3/1/99       602000   601541.93       601081.05
22618268  46.3    7.5     9/1/98  8/1/27   1930.8  3/1/99       273593   272475.46       272247.63
22618888  85.0  7.375     1/1/99 12/1/28     2148  3/1/99       311000   310501.18       310261.47
22619282  80.0  7.125     3/1/99  2/1/29  2883.52  3/1/99       428000   428000.00       427657.73
22619498  79.8  6.375     2/1/99  1/1/29  1977.67  3/1/99       317000   312580.99       312580.99
22619860  80.0   7.25     2/1/99  1/1/29  1991.96  3/1/99       292000   291543.04       291543.04
22620637  55.9  7.125     2/1/99  1/1/29  1876.31  3/1/99       278500   276947.30       276947.30
22620884  75.0   7.75     2/1/99  1/1/29  2202.97  3/1/99       307500   307282.97       307064.54
22621031  77.5   7.25     3/1/99  2/1/29  2510.41  3/1/99       368000   368000.00       367712.92
22621056  73.2    7.5     2/1/99  1/1/29  2097.64  3/1/99       300000   299777.36       299553.33
22621395  80.0  7.125     2/1/99  1/1/29   2573.6  3/1/99       382000   381387.24       381387.24
22621510  55.6  7.125     2/1/99  1/1/29  2021.16  3/1/99       300000   299760.09       299518.76
22621528  40.4    7.5     2/1/99  1/1/29  3391.19  3/1/99       485000   484640.06       484277.87
22621775  75.0      7     2/1/99  1/1/29  2145.61  3/1/99       322500   322235.64       321969.74
22621866  57.5   7.25     2/1/99  1/1/29  1961.26  3/1/99       287500   287177.66       286951.43
22622096  71.2  7.125     2/1/99  1/1/29  1751.67  3/1/99       260000   259792.08       259582.93
22622195  72.9   7.25     2/1/99  1/1/29  1835.05  3/1/99       269000   268790.16       268579.05
22622476  79.9  7.625     2/1/99  1/1/29  2505.59  3/1/99       354000   353743.79       353485.95
22622484  72.5      7     2/1/99  1/1/29  1929.38  3/1/99       290000   289523.19       289523.19
22622492  75.0  7.625     2/1/99  1/1/29  1857.96  3/1/99       262500   262310.01       262118.81
22622690  68.8   7.25     2/1/99  1/1/29  1797.53  3/1/99       263500   263294.45       263087.66
22623144  79.6  6.875     2/1/99  1/1/29  1733.64  3/1/99       263900   263678.29       263455.31
22623151  80.0  7.125     2/1/99  1/1/29  1676.22  3/1/99       248800   248400.88       248400.88
22623185  73.8  7.375     2/1/99  1/1/29  2037.49  3/1/99       295000   294775.53       294549.68
22623243  84.6      7     2/1/99  1/1/29  1829.58  3/1/99       275000   274774.59       274547.86
22623250  73.3  7.125     3/1/99  2/1/29  2223.27  3/1/99       330000   330000.00       329736.11
22623292  85.6      7     2/1/99  1/1/29     1789  3/1/99       268900   268679.58       268457.88
22623524  70.6      7     2/1/99  1/1/29  1877.49  3/1/99       282200   281968.68       281736.01
22623540  80.0   7.25     2/1/99  1/1/29   1691.8  3/1/99       248000   247806.53       247611.89
22623631  80.0  6.875     2/1/99  1/1/29  1681.74  3/1/99       256000   255568.62       255568.62
22623755  66.7   7.25     3/1/99  2/1/19  2371.13  3/1/99       300000   300000.00       299441.37
22624118  78.9   7.25     2/1/99  1/1/29  4093.06  3/1/99       600000   599061.05       599061.05
22624217  75.4  7.375     2/1/99  1/1/29  2175.63  3/1/99       315000   314026.44       313780.76
22624324  70.6  7.125     2/1/99  1/1/29  2021.16  3/1/99       300000   299518.76       299518.76
22624431  90.0  7.625     2/1/99  1/1/29  1865.75  3/1/99       263600   263409.21       263217.21
22624647  68.3  7.125     3/1/99  2/1/29  3819.98  3/1/99       567000   567000.00       566546.58
22624696  36.2  7.375     3/1/99  2/1/29  1913.17  3/1/99       277000   277000.00       276789.23
22624795  75.0  7.375     2/1/99  1/1/29  3936.85  3/1/99       570000   569566.27       569129.88
22625024  77.5   7.25     2/1/99  1/1/29  1875.98  3/1/99       275000   274785.48       274569.66
22625651  71.3      7     3/1/99  2/1/29   2182.2  3/1/99       328000   328000.00       327731.13
22625974  71.7      7     2/1/99  1/1/29   2860.8  3/1/99       430000   429647.53       429293.01
22626022  39.0    7.5     3/1/99  2/1/29  3677.87  3/1/99       526000   526000.00       525609.63
22626105  80.0   7.25     2/1/99  1/1/29  2019.24  3/1/99       296000   295769.09       295536.79
22626154  79.5  7.125     2/1/99  1/1/29  1680.93  3/1/99       249500   249300.48       249099.77
22626238  90.0  7.375     2/1/99  1/1/29  2268.87  3/1/99       328500   328250.04       327998.54
22626295  74.1  7.375     2/1/99  1/1/29  2072.03  3/1/99       300000   299771.72       299542.04
22626451  90.0  7.625     2/1/99  1/1/29  2089.41  3/1/99       295200   294881.87       294666.19
22626469  38.1  7.375     2/1/99  1/1/29   1933.9  3/1/99       280000   279786.93       279572.55
22626584  72.2  7.125     3/1/99  2/1/29  2189.59  3/1/99       325000   325000.00       324740.10
22626667  53.6      7     3/1/99  2/1/29  2192.18  3/1/99       329500   329229.90       329229.90
22626733  58.6   7.25     3/1/99  2/1/29  1841.88  3/1/99       270000   270000.00       269789.37
22626873  70.7   7.25     1/1/99 12/1/28  3015.22  3/1/99       442000   440581.07       440581.07
22626907  59.6   6.75     3/1/99  2/1/29  2497.11  3/1/99       385000   384668.52       384668.52
22627160  60.7      7     2/1/99  1/1/29   1656.6  3/1/99       249000   248795.90       248590.61
22627384  80.0  6.875     2/1/99  1/1/29  3074.43  3/1/99       468000   467606.82       467211.39
22627574  62.5      7     2/1/99  1/1/29  1663.26  3/1/99       250000   249795.07       249588.95
22627830  80.0   7.25     2/1/99  1/1/29  1864.39  3/1/99       273300   273086.80       272872.31
22627848  74.9  7.125     2/1/99  1/1/29   3569.7  3/1/99       529850   529426.28       529000.05
22627855  80.0      7     2/1/99  1/1/29   2586.7  3/1/99       388800   388481.30       388160.74
22628473  80.0  6.875     2/1/99  1/1/29  2935.49  3/1/99       446850   446410.08       446032.15
22628507  80.0  7.375     2/1/99  1/1/29  3287.61  3/1/99       476000   471273.39       471273.39
22628549  59.0  6.875     2/1/99  1/1/29  1937.94  3/1/99       295000   294752.16       294502.90
22628580  48.0    7.5     2/1/99  1/1/29  2300.42  3/1/99       329000   324941.83       324672.30
22628713  80.0  7.375     2/1/99  1/1/29  3530.73  3/1/99       511200   510811.02       510419.65
22628739  63.3    7.5     2/1/99  1/1/29  2324.89  3/1/99       332500   332253.24       332004.93
22628754  73.3    7.5     2/1/99  1/1/29  1922.84  3/1/99       275000   274795.91       274590.54
22628879  77.6  7.125     2/1/99  1/1/29  1751.67  3/1/99       260000   259582.93       259582.93
22628945  80.0   7.25     2/1/99  1/1/29  2128.39  3/1/99       312000   311756.61       311511.75
22629042  74.9      7     2/1/99  1/1/29  2118.99  3/1/99       318500   318238.93       317976.33
22629570  80.0   6.75     2/1/99  1/1/29  2503.59  3/1/99       386000   385333.45       385333.45
22630123  80.0  7.125     3/1/99  2/1/29  3611.14  3/1/99       536000   536000.00       535571.36
22630388  56.7      7     2/1/99  1/1/29  1829.58  3/1/99       275000   274774.59       274547.86
22630503  64.2      7     3/1/99  2/1/29  2692.81  3/1/99       404750   404750.00       404418.23
22630750  90.0  7.375     2/1/99  1/1/29  2113.16  3/1/99       305955   305722.19       305487.95
22630883  91.3  7.125     2/1/99  1/1/29  1923.13  3/1/99       285450   285221.73       284992.10
22631014  66.5   7.25     2/1/99  1/1/29  1814.59  3/1/99       266000   265792.49       265583.73
22631287  80.0      7     1/1/99 12/1/28  2022.52  3/1/99       304000   303500.17       303248.07
22631295  59.7  7.125     2/1/99  1/1/29  3819.99  3/1/99       567000   566546.57       566090.45
22631394  88.2  7.625     2/1/99  1/1/29  2809.95  3/1/99       397000   396712.65       396423.48
22631519  48.7  7.125     2/1/99  1/1/29  1953.79  3/1/99       290000   289768.09       289534.80
22631550  81.5   6.75     2/1/99  1/1/29  1981.79  3/1/99       305550   305022.37       305022.37
22631873  71.7  7.375     2/1/99  1/1/29  2873.21  3/1/99       416000   415683.46       415364.97
22631980  72.8    7.5     2/1/99  1/1/29  2342.37  3/1/99       335000   334751.38       334501.21
22632434  75.0    7.5     2/1/99  1/1/29  2281.19  3/1/99       326250   326007.87       325764.23
22632475  80.2  7.375     2/1/99  1/1/29  2714.01  3/1/99       392950   392350.16       392350.16
22632608  70.6      7     2/1/99  1/1/29  1995.91  3/1/99       300000   299754.09       299506.75
22632616  80.0   7.25     2/1/99  1/1/29  1702.71  3/1/99       249600   249405.28       249209.39
22632657  75.0      7     3/1/99  2/1/29  2370.14  3/1/99       356250   355957.98       355957.98
22632673  80.0  6.875     2/1/99  1/1/29  2186.26  3/1/99       332800   332239.21       332239.21
22633267  61.8  7.125     3/1/99  2/1/29  2270.43  3/1/99       337000   337000.00       336730.51
22633325  95.0  7.375     2/1/99  1/1/29  1856.88  3/1/99       268850   268645.43       268439.60
22633465  68.0   7.25     2/1/99  1/1/29   3479.1  3/1/99       510000   509201.90       509201.90
22633911  73.7  7.125     2/1/99  1/1/29  2223.28  3/1/99       330000   329736.10       329470.63
22634497  79.9  7.125     2/1/99  1/1/29  1969.95  3/1/99       292400   292166.18       291930.97
22634687  75.0  7.125     2/1/99  1/1/29  2930.68  3/1/99       435000   434652.13       434302.20
22634711  76.7  7.375     2/1/99  1/1/29  2223.97  3/1/99       322000   321754.99       321508.47
22634778  90.0  7.375     2/1/99  1/1/29  2331.03  3/1/99       337500   336261.89       336261.89
22635239  66.7  7.375     2/1/99  1/1/29  1795.76  3/1/99       260000   259802.16       259603.10
22635262  80.0  7.125     3/1/99  2/1/29  2748.77  3/1/99       408000   408000.00       407673.73
22635395  66.2    7.5     2/1/99  1/1/29  2683.59  3/1/99       383800   383515.16       383228.54
22635460  73.4  7.375     2/1/99  1/1/29   2762.7  3/1/99       400000   399458.33       399150.63
22636955  52.0  7.875     3/1/99  2/1/29   4147.4  3/1/99       572000   572000.00       571606.35
22637037  80.0      7     2/1/99  1/1/29  2058.45  3/1/99       309400   309146.38       308891.28
22637128  68.7  6.875     3/1/99  2/1/29   2289.4  3/1/99       348500   348207.21       348207.21
22637276  80.0  6.875     2/1/99  1/1/29   3337.2  3/1/99       508000   507573.22       507143.99
22637656  66.9  7.125     2/1/99  1/1/29  1825.78  3/1/99       271000   270783.28       270565.28
22637680  79.5  7.375     2/1/99  1/1/29  2002.96  3/1/99       290000   289557.31       289557.31
22638126  80.0   6.75     3/1/99  2/1/29   3009.5  3/1/99       464000   464000.00       463600.50
22638258  86.1   7.25     2/1/99  1/1/29  2701.42  3/1/99       396000   395690.42       395379.63
22638316  69.1   7.25     2/1/99  1/1/29  1956.48  3/1/99       286800   285576.27       285345.15
22638746  80.0  7.125     1/1/99 12/1/28  2515.45  3/1/99       373368   372466.94       372466.94
22638761  80.0    7.5     1/1/99 12/1/28  2125.62  3/1/99       304000   303318.90       303318.90
22638787  80.0    7.5     1/1/99 12/1/28  2187.09  3/1/99       312792   312326.27       312091.22
22638811  70.6  6.875     2/1/99  1/1/29   1947.8  3/1/99       296500   296250.90       296000.37
22639330  80.0      7     2/1/99  1/1/29   1969.3  3/1/99       296000   295565.84       295320.67
22639538  73.8  7.125     2/1/99  1/1/29  2182.85  3/1/99       324000   323740.90       323480.26
22639983  65.8  7.125     3/1/99  2/1/29  3301.22  3/1/99       490000   490000.00       489608.16
22640668  67.2    7.5     2/1/99  1/1/29  3076.54  3/1/99       440000   439673.46       439344.88
22640924  80.0  7.125     3/1/99  2/1/29  2452.34  3/1/99       364000   364000.00       363708.91
22641138  80.0      7     3/1/99  2/1/29  2171.55  3/1/99       326400   325863.34       325863.34
22641435  80.0  7.375     2/1/99  1/1/29  2099.65  3/1/99       304000   303768.68       303535.94
22641443  78.2   7.25     2/1/99  1/1/29  1921.01  3/1/99       281600   281380.32       281159.32
22641666  74.9  7.125     2/1/99  1/1/29  2331.07  3/1/99       346000   345723.31       345444.97
22641971  90.0  7.125     2/1/99  1/1/29  2404.17  3/1/99       356850   356564.63       356277.56
22642151  76.7    7.5     2/1/99  1/1/29  1996.26  3/1/99       285500   285288.12       285074.91
22642284  75.0    7.5     2/1/99  1/1/29  4405.05  3/1/99       630000   629532.45       629061.98
22642391  53.0      7    12/1/98 11/1/28  1995.91  3/1/99       300000   299257.96       299007.72
22642441  78.9   7.25     3/1/99  2/1/29  2503.59  3/1/99       367000   367000.00       366713.70
22642904  87.6      7     2/1/99  1/1/29  2274.01  3/1/99       341800   341519.82       341238.01
22643639  80.0      7     2/1/99  1/1/29  3566.02  3/1/99       536000   535560.65       535118.73
22643928  55.6  6.875     2/1/99  1/1/29  3941.57  3/1/99       600000   599495.93       598988.97
22644090  90.0   7.25     2/1/99  1/1/29  1780.48  3/1/99       261000   260591.57       260591.57
22644199  79.8    7.5     2/1/99  1/1/29  2286.44  3/1/99       327000   326642.99       326398.07
22644272  80.0  7.125     1/1/99 12/1/28     1751  3/1/99       259900   259171.57       259171.57
22644447  80.0   7.25     3/1/99  2/1/29  2106.56  3/1/99       308800   308559.11       308559.11
22644504  80.0  6.875     2/1/99  1/1/29  2207.28  3/1/99       336000   335717.72       335433.82
22644652  73.5  7.375     2/1/99  1/1/29  1726.69  3/1/99       250000   249809.77       249618.37
22645386  46.2      7     2/1/99  1/1/29   1982.6  3/1/99       298000   297755.73       297510.04
22645717  79.8   7.25     2/1/99  1/1/29   2162.5  3/1/99       317000   316752.46       316503.67
22646152  80.0      7     2/1/99  1/1/29  3459.57  3/1/99       520000   519573.76       519145.04
22646202  80.0      7     2/1/99  1/1/29  1788.33  3/1/99       268800   268579.66       268358.04
22646210  49.1   7.25     2/1/99  1/1/29  2094.28  3/1/99       307000   306519.57       306519.57
22646384   8.6  7.125     3/1/99  2/1/29  1691.04  3/1/99       251000   251000.00       250799.27
22646756  90.0  6.875     3/1/99  2/1/29  2453.63  3/1/99       373500   373500.00       373186.21
22646798  75.0   7.25     2/1/99  1/1/29  1688.39  3/1/99       247500   247306.92       247112.68
22646863  74.9   6.75     2/1/99  1/1/19  2205.06  3/1/99       290000   289426.19       288849.15
22647317  80.0      7     2/1/99  1/1/29   923.44  3/1/99       138800   138686.23       138571.79
22647390  90.0   7.25     3/1/99  2/1/29  1732.39  3/1/99       253950   253950.00       253751.89
22648166  80.0   6.75     2/1/99  1/1/29  2464.03  3/1/99       379900   379572.91       379243.98
22648356  66.1      7     2/1/99  1/1/29  1715.82  3/1/99       257900   257688.60       257475.96
22648505  68.3      7     2/1/99  1/1/29  1962.64  3/1/99       295000   294758.19       294514.97
22648794  74.8  7.375     2/1/99  1/1/29  1942.52  3/1/99       281250   281036.00       280820.68
22649263  80.0      7     2/1/99  1/1/29   1743.1  3/1/99       262000   261785.23       261569.21
22649354  79.2  7.125     2/1/99  1/1/29  2614.03  3/1/99       388000   387689.72       387377.60
22649461  70.0   7.75     2/1/99  1/1/29  2858.48  3/1/99       399000   398718.39       398434.97
22649669  36.8  7.625     2/1/99  1/1/29  2477.28  3/1/99       350000   349746.68       349491.75
22649792  80.0    7.5     2/1/99  1/1/29  1834.74  3/1/99       262400   262205.26       262009.30
22650915  65.2  6.875     2/1/99  1/1/29  1649.88  3/1/99       251150   249846.07       249846.07
22651152  80.0  7.125     2/1/99  1/1/29  2425.39  3/1/99       360000   359712.11       359422.51
22651228  55.5   7.25     2/1/99  1/1/29  2455.83  3/1/99       360000   359675.00       359392.21
22651251  80.0      7     2/1/99  1/1/29  2288.65  3/1/99       344000   343718.02       343434.39
22651327  61.4  7.375     2/1/99  1/1/24   2106.4  3/1/99       288200   287139.21       287139.21
22651467  80.0      7     2/1/99  1/1/29  1980.94  3/1/99       297750   297260.45       297260.45
22652176  80.0  7.625     3/1/99  2/1/29  2491.43  3/1/99       352000   351745.24       351745.24
22652234  75.6   7.25     2/1/99  1/1/29  2114.75  3/1/99       310000   309758.17       309514.88
22652267  68.1  7.125     3/1/99  2/1/29  4379.17  3/1/99       650000   650000.00       649480.21
22652341  56.3  7.125     2/1/99  1/1/29  2694.88  3/1/99       400000   399680.12       399358.34
22652382  95.0      7     2/1/99  1/1/29   1658.6  3/1/99       249300   249095.65       248890.11
22652747  80.0  7.125     2/1/99  1/1/29  1886.42  3/1/99       280000   279776.08       279550.83
22652937  65.8  7.125     3/1/99  2/1/29  3368.59  3/1/99       500000   500000.00       499600.16
22652960  68.5    7.5     2/1/99  1/1/29  2394.11  3/1/99       342400   341673.05       341414.40
22653166  71.7  7.125     2/1/99  1/1/29  2560.13  3/1/99       380000   379696.12       379390.44
22653307  42.9   7.25     2/1/99  1/1/29  1725.91  3/1/99       253000   252802.63       252604.07
22653810  80.0  7.625     2/1/99  1/1/29  2431.28  3/1/99       343500   343001.18       343001.18
22653984  80.0      7     2/1/99  1/1/29   2847.5  3/1/99       428000   427649.17       427296.29
22654255  80.0  7.375     2/1/99  1/1/29  1757.08  3/1/99       254400   254206.42       254011.65
22654446  80.0    7.5     2/1/99  1/1/29  2329.78  3/1/99       333200   332703.89       332703.89
22654818  73.3  7.125     2/1/99  1/1/29  1669.48  3/1/99       247800   247302.49       247302.49
22654875  83.5      7     2/1/99  1/1/29  1716.49  3/1/99       258000   257575.79       257575.79
22655112  79.9  7.125     2/1/99  1/1/29  2069.67  3/1/99       307200   306954.33       306707.20
22655716  80.0    7.5     2/1/99  1/1/29  2349.36  3/1/99       336000   335750.63       335499.71
22655732  74.5   6.75     3/1/99  2/1/29  1897.15  3/1/99       292500   292500.00       292248.16
22655856  68.6   7.25     3/1/99  2/1/29  1841.88  3/1/99       270000   270000.00       269789.37
22656078  73.6   7.25     2/1/99  1/1/29  1807.77  3/1/99       265000   264793.27       264585.29
22656086  80.0   7.25     2/1/99  1/1/29  2084.74  3/1/99       305600   305361.59       305121.74
22656102  90.0  7.375     2/1/99  1/1/29  1790.23  3/1/99       259200   259002.77       258804.33
22656128  74.0  7.625     2/1/99  1/1/29  1911.04  3/1/99       270000   269804.59       269607.93
22656326  80.0      7     3/1/99  2/1/29  1973.95  3/1/99       296700   296700.00       296456.80
22656359  68.6    7.5     2/1/99  1/1/29  1776.01  3/1/99       254000   253811.49       253621.80
22656599  79.8    7.5     2/1/99  1/1/29  2230.49  3/1/99       319000   318073.19       317830.66
22656672  75.5  6.875     2/1/99  1/1/29  1859.77  3/1/99       283100   282862.16       282622.95
22656763  47.1      7     2/1/99  1/1/29  2962.93  3/1/99       445350   444617.76       444617.76
22656771  95.0  7.375     2/1/99  1/1/29  1758.46  3/1/99       254600   254406.27       254211.35
22656813  80.0  6.875     3/1/99  2/1/29   2417.5  3/1/99       368000   368000.00       367690.83
22656847  79.4  7.125     2/1/99  1/1/29  2353.64  3/1/99       349350   349070.63       348789.60
22656870  68.2      7     2/1/99  1/1/29  2830.86  3/1/99       425500   425151.22       424800.41
22656896  57.0   6.75     2/1/99  1/1/29  1848.51  3/1/99       285000   284754.62       284507.85
22657027  80.0   6.75     3/1/99  2/1/29   2127.4  3/1/99       328000   328000.00       327717.60
22657134  56.3      7     3/1/99  2/1/29  2993.86  3/1/99       450000   450000.00       449631.14
22657456  74.5  6.875     2/1/99  1/1/29  2148.82  3/1/99       327100   326825.19       326548.81
22657530  76.8   6.75    12/1/98 11/1/28   1991.2  3/1/99       307000   306202.56       305933.75
22658009  63.4  6.875     2/1/99  1/1/29  2226.99  3/1/99       339000   338428.77       338428.77
22658652  75.0  6.875     3/1/99  2/1/29   2044.7  3/1/99       311250   311250.00       310988.50
22658892  75.6  7.125     2/1/99  1/1/29  2154.56  3/1/99       319800   319544.25       319286.98
22658983  75.0   6.75     2/1/99  1/1/29  2091.73  3/1/99       322500   322222.33       321943.10
22659072  80.0   6.75     3/1/99  2/1/29  1733.05  3/1/99       267200   267200.00       266969.95
22659189  83.8   7.25     2/1/99  1/1/29  1800.95  3/1/99       264000   263794.05       263586.86
22659544  80.0   6.75     3/1/99  2/1/29  2672.22  3/1/99       412000   411645.28       411645.28
22659916  65.0   7.25     2/1/99  1/1/29  4434.15  3/1/99       650000   649492.93       648982.80
22659957  81.3      7     2/1/99  1/1/29  1703.18  3/1/99       256000   255790.15       255579.08
22660229  45.1  7.375     3/1/99  2/1/29  2438.08  3/1/99       353000   353000.00       352731.40
22660583  80.0    7.5     2/1/99  1/1/29   1873.9  3/1/99       268000   267701.10       267500.33
22660815  48.5  6.625     2/1/99  1/1/29  1770.46  3/1/99       276500   276010.74       275764.09
22661243  65.9  6.625     2/1/99  1/1/29  1728.84  3/1/99       270000   269561.78       269321.15
22661359  82.3   6.75     3/1/99  2/1/29  1893.91  3/1/99       292000   292000.00       291748.59
22661383  80.0      7     2/1/99  1/1/29  1942.36  3/1/99       291950   291710.68       291469.97
22661532  80.0    7.5     2/1/99  1/1/19  2113.88  3/1/99       262400   261926.12       261449.28
22661763  69.9      7     3/1/99  2/1/29  2122.31  3/1/99       319000   319000.00       318738.52
22662035  90.0  7.125     3/1/99  2/1/29  1751.67  3/1/99       260000   260000.00       259792.08
22662506  79.2   7.25     3/1/99  2/1/29  2387.62  3/1/99       350000   350000.00       349726.96
22662571  90.0   7.25     2/1/99  1/1/29  2148.86  3/1/99       315000   314754.27       314507.05
22662688  75.0  7.125     3/1/99  2/1/29   2057.2  3/1/99       305350   305350.00       305105.82
22663116  80.0      7     2/1/99  1/1/29  2661.21  3/1/99       400000   399342.33       399342.33
22663231  80.0   6.75     2/1/99  1/1/29  2931.66  3/1/99       452000   451161.15       451161.15
22663355  79.9   7.25     1/1/99 12/1/28  1728.95  3/1/99       253446   253049.38       252849.27
22663363  95.0  7.375     2/1/99  1/1/29   1952.9  3/1/99       282750   282534.83       282318.34
22663397  95.0   7.25     2/1/99  1/1/29  1736.83  3/1/99       254600   254201.56       254201.56
22663470  80.0      7     2/1/99  1/1/29  1862.85  3/1/99       280000   279539.62       279539.62
22663660  80.0  7.125     3/1/99  2/1/29  2182.85  3/1/99       324000   324000.00       323740.90
22663769  80.0   6.75     2/1/99  1/1/29  3735.93  3/1/99       576000   575005.35       575005.35
22663892  70.7  7.125     2/1/99  1/1/29   3550.5  3/1/99       527000   526578.56       526154.62
22663918  95.0  7.125     2/1/99  1/1/29  1782.33  3/1/99       264550   264008.92       264008.92
22664114  79.5   7.25     2/1/99  1/1/29  3177.23  3/1/99       465748   465384.66       465019.13
22664148  80.0  7.125     2/1/99  1/1/29  2520.79  3/1/99       374160   373481.65       373178.41
22664155  88.3  6.875     2/1/99  1/1/29   2469.4  3/1/99       375900   374901.68       374901.68
22664379  72.7      7     3/1/99  2/1/29  2661.21  3/1/99       400000   400000.00       399672.12
22664387  80.0  7.125     3/1/99  2/1/29  1940.31  3/1/99       288000   288000.00       287769.69
22664551  80.0  7.375     3/1/99  2/1/29  1980.86  3/1/99       286800   286800.00       286581.77
22664619  80.0      7     2/1/99  1/1/29   2303.4  3/1/99       346218   345934.20       345648.75
22664643  35.3   7.25     3/1/99  2/1/29  2646.85  3/1/99       388000   388000.00       387697.32
22664908  79.3      7     3/1/99  2/1/29  3033.78  3/1/99       456000   456000.00       455626.22
22664940  75.0      7     2/1/99  1/1/29  2045.81  3/1/99       307500   307247.94       306994.41
22664981  75.0  7.375     3/1/99  2/1/29  2009.87  3/1/99       291000   291000.00       290778.57
22665160  81.4   6.75     2/1/99  1/1/29  1884.18  3/1/99       290500   290155.67       289903.62
22665467  80.0    6.5     2/1/99  1/1/29  1940.45  3/1/99       307000   306722.47       306443.43
22665855  75.4      7     3/1/99  2/1/29  1880.14  3/1/99       282600   282600.00       282368.36
22666119  84.2      7     2/1/99  1/1/29  2661.21  3/1/99       400000   399672.12       399342.33
22666291  80.0  6.875     2/1/99  1/1/29    906.9  3/1/99       138050   137817.36       137817.36
22666432  62.1   7.25     1/1/99 12/1/28  2351.75  3/1/99       344742   344202.51       343930.32
22666481  80.0  6.875     1/1/99 12/1/28  2096.92  3/1/99       319200   318662.12       318390.87
22666523  85.0  7.125     1/1/99 12/1/28  1740.89  3/1/99       258400   257985.49       257776.39
22667174  69.9  7.375     2/1/99  1/1/29  2051.31  3/1/99       297000   296546.61       296546.61
22667265  80.0   6.75     2/1/99  1/1/29  2075.52  3/1/99       320000   319724.48       319447.41
22669113  80.0      7     2/1/99  1/1/29  2679.84  3/1/99       402800   402469.83       402137.73
22669212  80.0  6.875     2/1/99  1/1/29  2496.33  3/1/99       380000   379680.75       379359.67
22669287  94.3  7.125     3/1/99  2/1/29  2021.16  3/1/99       300000   300000.00       299760.09
22669352  71.4  7.375     2/1/99  1/1/29  2590.03  3/1/99       375000   374714.66       374427.56
22669857  90.0  7.125     3/1/99  2/1/29  2122.22  3/1/99       315000   315000.00       314748.09
22669873  80.0      7     3/1/99  2/1/29  1942.69  3/1/99       292000   291760.64       291760.64
22669964  76.7  6.875     3/1/99  2/1/29  2167.87  3/1/99       330000   330000.00       329722.76
22670681  82.6  6.875     2/1/99  1/1/29  2115.97  3/1/99       322100   321829.39       321557.23
22670822  80.0   7.25     3/1/99  2/1/29  1847.33  3/1/99       270800   270800.00       270588.75
22670954  80.0   7.25     3/1/99  2/1/29  2455.83  3/1/99       360000   359719.16       359436.63
22671267  86.4    7.5     2/1/99  1/1/29     1783  3/1/99       255000   254810.75       254620.32
22671309  75.0      7     2/1/99  1/1/29  2045.81  3/1/99       307500   307247.94       306994.41
22671424  80.0      7     3/1/99  2/1/29   3526.1  3/1/99       530000   529106.68       529106.68
22671630  30.8      7     3/1/99  2/1/29  2257.04  3/1/99       339250   339250.00       338971.92
22671721  79.7  6.875     2/1/99  1/1/29  2512.76  3/1/99       382500   382178.65       381855.46
22671739  77.6  6.875     2/1/99  1/1/29  1937.61  3/1/99       294950   294702.21       294453.00
22673073  57.6  7.625     3/1/99  2/1/29  2692.45  3/1/99       380400   380400.00       380124.68
22673289  80.0   7.25     2/1/99  1/1/29  2019.24  3/1/99       296000   295438.52       295204.22
22673974  59.0  6.375     3/1/99  2/1/29  1840.42  3/1/99       295000   295000.00       294726.77
22674493  79.9  7.125     3/1/99  2/1/29  3066.77  3/1/99       455200   455200.00       454835.98
22674667  67.2  7.125     2/1/99  1/1/29     2038  3/1/99       302500   302258.09       302014.75
22674774  90.0  7.375     2/1/99  1/1/29  1819.93  3/1/99       263500   263215.52       263013.27
22674972  90.0      7     2/1/99  1/1/29  1916.07  3/1/99       288000   287526.48       287287.65
22675318  85.9   7.75     2/1/99  1/1/29  1783.87  3/1/99       249000   248824.26       248647.38
22676613  80.0   7.25     2/1/99  1/1/29  1855.52  3/1/99       272000   271574.24       271574.24
22676670  80.0      7     2/1/99  1/1/29  1942.68  3/1/99       292000   291760.65       291519.91
22676761  79.6   7.25     3/1/99  2/1/29  1835.05  3/1/99       269000   269000.00       268790.16
22677017  75.0  6.875     2/1/99  1/1/29  2167.87  3/1/99       330000   329722.76       329443.93
22677223  80.0   7.25     2/1/99  1/1/29  1664.52  3/1/99       244000   243809.65       243618.15
22677272  77.4   7.25     3/1/99  2/1/29  4434.15  3/1/99       650000   649492.93       649492.93
22677785  76.5   6.75     2/1/99  1/1/29  1936.07  3/1/99       298500   298242.99       297984.54
22677835  80.0  7.125     3/1/99  2/1/29  2721.82  3/1/99       404000   404000.00       403676.93
22677926  80.0  7.125     2/1/99  1/1/29  1883.04  3/1/99       279500   279026.37       278800.05
22678098  80.0  6.875     2/1/99  1/1/29  2291.37  3/1/99       348800   348506.96       348212.24
22678130  74.0      7     3/1/99  2/1/29  1663.26  3/1/99       250000   250000.00       249795.07
22678171  80.0  6.875     3/1/99  2/1/29  3363.48  3/1/99       512000   511569.85       511569.85
22678494  80.0  7.125     2/1/99  1/1/29  3631.34  3/1/99       539000   538568.97       538135.38
22678635  80.0   7.25     2/1/99  1/1/29  2327.59  3/1/99       341200   340933.83       340666.05
22680391  44.4  6.875     2/1/99  1/1/29  2992.31  3/1/99       455500   455117.33       454732.46
22681415  46.9  6.875     3/1/99  2/1/29  1970.79  3/1/99       300000   300000.00       299747.96
22681423  75.5  6.875     2/1/99  1/1/29  2158.02  3/1/99       328500   327839.39       327559.62
22681571  95.0      7     2/1/99  1/1/29  1655.27  3/1/99       248800   248390.93       248390.93
22681613  73.9   7.75     2/1/99  1/1/29   2435.8  3/1/99       340000   339727.64       339485.91
22682231  75.0  7.375     3/1/99  2/1/29  1916.63  3/1/99       277500   277500.00       277288.84
22682397  78.4   7.25     2/1/99  1/1/29  1978.32  3/1/99       290000   289546.16       289546.16
22682595  80.0      7     2/1/99  1/1/29  1793.66  3/1/99       269600   269379.01       269156.73
22683270  95.0      7     2/1/99  1/1/29  1752.41  3/1/99       263400   263184.09       262966.92
22683387  80.0  6.875     2/1/99  1/1/29  1952.39  3/1/99       297200   296699.21       296699.21
22683593  80.0  6.875     3/1/99  2/1/29  2039.76  3/1/99       310500   310500.00       310239.15
22683650  80.0   6.75     2/1/99  1/1/29   1712.3  3/1/99       264000   263772.70       263544.12
22683676  75.0  7.125     2/1/99  1/1/29  2665.24  3/1/99       395600   395283.64       394965.40
22683684  73.4  7.375     2/1/99  1/1/29  1775.04  3/1/99       257000   256804.44       256607.68
22683817  66.8  6.875     3/1/99  2/1/29   2588.3  3/1/99       394000   394000.00       393668.99
22683973  53.7   6.75     3/1/99  2/1/29  2509.43  3/1/99       386900   386900.00       386566.88
22684096  80.0  6.625     2/1/99  1/1/29  2125.84  3/1/99       332000   331707.08       331412.54
22684187  65.0   7.25     3/1/99  2/1/29  2660.49  3/1/99       390000   388356.25       388356.25
22684708  85.8  7.125     3/1/99  2/1/29  1953.78  3/1/99       290000   290000.00       289768.10
22684872  80.0   7.25     2/1/99  1/1/29  1882.81  3/1/99       276000   275568.08       275568.08
22685085  80.0      7     2/1/99  1/1/29  1902.77  3/1/99       286000   285765.56       285529.76
22685135  90.0  6.875     2/1/99  1/1/29  2453.63  3/1/99       373500   373186.21       372870.63
22685184  69.9      7     2/1/99  1/1/29  1721.47  3/1/99       258750   258537.90       258324.57
22685523  75.0  7.125     3/1/99  2/1/29  3188.37  3/1/99       473250   472871.55       472871.55
22685796  75.0  7.125     3/1/99  2/1/29  2627.51  3/1/99       390000   390000.00       389688.12
22686646  80.0   7.75     2/1/99  1/1/29  2951.62  3/1/99       412000   411709.21       411416.55
22687057  78.0   7.25     3/1/99  2/1/29  2182.96  3/1/99       320000   320000.00       319750.37
22687107  58.9      7     3/1/99  2/1/29   2195.5  3/1/99       330000   330000.00       329729.50
22687289  80.0  7.125     2/1/99  1/1/29  1778.62  3/1/99       264000   263788.88       263576.51
22687420  74.0  7.125     4/1/99  3/1/29  1744.93  3/1/99       259000   259000.00       259000.00
22687545  95.0      7     2/1/99  1/1/29  1715.15  3/1/99       257800   257588.68       257376.13
22687750  60.0      7     3/1/99  2/1/29  2993.87  3/1/99       450000   450000.00       449631.13
22687982  79.9  6.875     3/1/99  2/1/29  2184.29  3/1/99       332500   332500.00       332220.66
22688816  89.6  7.375     2/1/99  1/1/29  1733.59  3/1/99       251000   250616.85       250616.85
22689822  80.0   7.25     3/1/99  2/1/29  1715.67  3/1/99       251500   251500.00       251303.81
22689905  80.0      7     3/1/99  2/1/29  2395.09  3/1/99       360000   360000.00       359704.91
22689913  75.0  7.375     3/1/99  2/1/29  2206.71  3/1/99       319500   319500.00       319256.88
22689921  69.7  7.125     3/1/99  2/1/29  2583.71  3/1/99       383500   383500.00       383193.32
22690770  95.0   7.25     2/1/99  1/1/29     1847  3/1/99       270750   270538.78       270326.29
22691273  68.9  7.125     2/1/99  1/1/29  1717.99  3/1/99       255000   254796.07       254590.93
22691638  78.7   7.25     3/1/99  2/1/29  2175.12  3/1/99       318850   318850.00       318601.27
22692016  95.0  6.875     3/1/99  2/1/29  1685.03  3/1/99       256500   256500.00       256284.50
22692024  80.0  7.375     2/1/99  1/1/29  1961.52  3/1/99       284000   283783.90       283566.47
22692255  80.0  6.875     3/1/99  2/1/29  3232.09  3/1/99       492000   492000.00       491586.66
22693972  73.0  7.125     2/1/99  1/1/29  2021.16  3/1/99       300000   299760.09       299518.76
22694160  90.0  7.125     3/1/99  2/1/29  2000.28  3/1/99       296900   296900.00       296662.56
22694178  80.0  7.375     2/1/99  1/1/29  2364.87  3/1/99       342400   341820.05       341820.05
22694558  55.9   7.25     2/1/99  1/1/29  2046.53  3/1/99       300000   299765.97       299530.53
22694574  80.0   7.25     2/1/99  1/1/29   2644.2  3/1/99       387612   387309.62       387005.42
22696405  68.2    7.5     3/1/99  2/1/29  2027.72  3/1/99       290000   289784.78       289784.78
22697478  95.0  6.875     3/1/99  2/1/29  1965.86  3/1/99       299250   299250.00       298998.59
22697700  90.0      7     2/1/99  1/1/29  2061.11  3/1/99       309800   309546.06       309290.64
22697874  70.0  7.375     3/1/99  2/1/29  2054.07  3/1/99       297400   297400.00       297173.70
22698427  90.0  7.125     2/1/99  1/1/29  1940.31  3/1/99       288000   287538.01       287538.01
22698500  80.0  7.375     2/1/99  1/1/29  1486.34  3/1/99       215200   215036.24       214871.48
22699193  63.1  6.875     3/1/99  2/1/29  1740.86  3/1/99       265000   265000.00       264777.37
22699706  80.0  7.125     3/1/99  2/1/29  2360.71  3/1/99       350400   350400.00       350119.79
22699979  80.0      7     3/1/99  2/1/29  2155.58  3/1/99       324000   324000.00       323734.42
22703730  80.0      7     2/1/99  1/1/29  1894.12  3/1/99       284700   284466.63       284231.90
22703813  77.4   6.75     3/1/99  2/1/29  2594.39  3/1/99       400000   400000.00       399655.61
22704258  70.7  6.875     3/1/99  2/1/29  1740.86  3/1/99       265000   265000.00       264777.37
22705289  68.8      7     3/1/99  2/1/29  1829.59  3/1/99       275000   275000.00       274774.58
22705297  80.0      7     3/1/99  2/1/29  1692.53  3/1/99       254400   254400.00       254191.47
22705651  76.5  7.125     3/1/99  2/1/29  1829.15  3/1/99       271500   271500.00       271282.88
22706014  80.0  7.375     3/1/99  2/1/29  2983.72  3/1/99       432000   432000.00       431671.28
22706022  90.0      7     2/1/99  1/1/29  2185.52  3/1/99       328500   328230.73       327959.89
22706030  80.0  7.125     2/1/99  1/1/29  2468.51  3/1/99       366400   365600.97       365303.22
22706048  80.0   7.25     2/1/99  1/1/29   1941.1  3/1/99       284545   284323.03       284099.71
22706113  73.1   6.75     3/1/99  2/1/29   1848.5  3/1/99       285000   285000.00       284754.63
22706451  41.5  6.875     3/1/99  2/1/29  1635.76  3/1/99       249000   249000.00       248790.80
22706477  80.0      7     3/1/99  2/1/29  2879.43  3/1/99       432800   432800.00       432445.24
22706592  80.0  6.875     3/1/99  2/1/29  1728.38  3/1/99       263100   263100.00       262878.96
22706634  79.9   7.25     3/1/99  2/1/29  2100.43  3/1/99       307900   307900.00       307659.80
22706691  80.0    7.5     3/1/99  2/1/29   1957.8  3/1/99       280000   280000.00       279792.20
22706915  35.1  7.125     3/1/99  2/1/29  2189.59  3/1/99       325000   324740.10       324740.10
22707228  75.0  7.125     3/1/99  2/1/29  2198.01  3/1/99       326250   326250.00       325989.10
22709190  30.1   6.75     3/1/99  2/1/29  2678.71  3/1/99       413000   407500.00       407113.48
22709976  80.0      7     3/1/99  2/1/29  2016.53  3/1/99       303100   303100.00       302851.55
22710115  80.0   6.75     3/1/99  2/1/29  4125.09  3/1/99       636000   636000.00       635452.41
22710255  72.6  6.875     3/1/99  2/1/29  2384.65  3/1/99       363000   363000.00       362695.04
22711063  80.0  7.125     3/1/99  2/1/29  1902.58  3/1/99       282400   282400.00       282174.17
22711212  49.6   7.25     3/1/99  2/1/29  1930.56  3/1/99       283000   283000.00       282779.23
22711261  75.7  7.625     3/1/99  2/1/29  1875.65  3/1/99       265000   265000.00       264808.20
22711592  74.3    7.5     3/1/99  2/1/29  1922.84  3/1/99       275000   275000.00       274795.91
22711626  65.1   7.25     3/1/99  2/1/29  2933.36  3/1/99       430000   430000.00       429664.56
22711634  68.8  6.875     3/1/99  2/1/29  2529.18  3/1/99       385000   385000.00       384676.55
22712061  89.3      7     3/1/99  2/1/29  1634.25  3/1/99       245640   245640.00       245438.65
22712095  80.0  6.875     3/1/99  2/1/29  1759.92  3/1/99       267900   267900.00       267674.92
22712327  55.7   6.75     3/1/99  2/1/29   1987.3  3/1/99       306400   306400.00       306136.20
22712483  80.0    7.5     3/1/99  2/1/29  1734.05  3/1/99       248000   248000.00       247815.95
22712863  86.8  7.125     3/1/99  2/1/29  2088.53  3/1/99       310000   310000.00       309752.10
22713374  76.0      7     3/1/99  2/1/29  2049.13  3/1/99       308000   308000.00       307747.54
22713564  80.7      7     3/1/99  2/1/29  2035.16  3/1/99       305900   305900.00       305649.26
22713598  90.0  7.125     2/1/99  1/1/29  1722.02  3/1/99       255600   255395.60       255189.99
22713630  71.3  7.125     2/1/99  1/1/29  2017.11  3/1/99       299400   299160.57       298919.73
22714000  74.7  6.875     3/1/99  2/1/29  2036.48  3/1/99       310000   310000.00       309739.56
22714273  76.9  7.125     3/1/99  2/1/29   1684.3  3/1/99       250000   250000.00       249800.08
22714455  80.0      7     3/1/99  2/1/29  1836.23  3/1/99       276000   276000.00       275773.77
22714547  80.0  6.875     3/1/99  2/1/29  2496.33  3/1/99       380000   380000.00       379680.75
22714604  76.0  6.625     3/1/99  2/1/29  2337.14  3/1/99       365000   365000.00       364677.96
22714653  64.5   7.25     3/1/99  2/1/29  2179.55  3/1/99       319500   319500.00       319250.76
22715155  89.1  7.125     3/1/99  2/1/29  1891.13  3/1/99       280700   280700.00       280475.53
22715825  80.0   6.75     3/1/99  2/1/29  1784.95  3/1/99       275200   275200.00       274963.05
22716054  64.5      7     3/1/99  2/1/29  1995.91  3/1/99       300000   300000.00       299754.09
22716294  71.4  6.875     3/1/99  2/1/29  3941.57  3/1/99       600000   600000.00       599495.93
22716302  90.0  6.875     3/1/99  2/1/29  1685.03  3/1/99       256500   256500.00       256284.50
22716443  90.0      7     3/1/99  2/1/29  2874.11  3/1/99       432000   432000.00       431645.89
22716583  79.9  7.125     3/1/99  2/1/29  3550.83  3/1/99       527050   527050.00       526628.53
22716799  80.0    7.5     2/1/99  1/1/29  2097.64  3/1/99       300000   299755.41       299531.24
22716898  68.8  7.125     3/1/99  2/1/29  3705.45  3/1/99       550000   550000.00       549560.18
22717284  80.0  6.875     3/1/99  2/1/29  3731.36  3/1/99       568000   567522.81       567522.81
22717607  47.8  6.875     3/1/99  2/1/29  1773.71  3/1/99       270000   270000.00       269773.17
22717805  65.7  6.625     3/1/99  2/1/29  2734.13  3/1/99       427000   427000.00       426623.27
22718100  80.0      7     3/1/99  2/1/29  2262.03  3/1/99       340000   339721.30       339721.30
22718159  80.0  7.625     3/1/99  2/1/29  2048.15  3/1/99       289370   289370.00       289160.56
22718225  73.5      7     3/1/99  2/1/29  2761.01  3/1/99       415000   415000.00       414659.82
22718498  80.0  6.875     3/1/99  2/1/29   1661.7  3/1/99       252950   252950.00       252737.49
22718662  79.0  7.125     2/1/99  1/1/29  2358.02  3/1/99       350000   349720.11       349438.55
22718696  80.0  7.375     2/1/99  1/1/29  1842.01  3/1/99       266696   266493.06       266288.87
22718910  90.0  6.875     2/1/99  1/1/29  1710.65  3/1/99       260400   260181.23       259961.20
22718951  80.0  7.375     2/1/99  1/1/29  1867.59  3/1/99       270400   270194.24       269987.22
22719041  80.0      7     2/1/99  1/1/29  2262.03  3/1/99       340000   339721.30       339440.98
22719058  89.3  6.875     2/1/99  1/1/29  2051.27  3/1/99       312250   311987.66       311723.82
22719082  80.0   6.75     2/1/99  1/1/29  1995.42  3/1/99       307650   307385.11       307118.73
22719405  77.4   6.75     3/1/99  2/1/29  1741.49  3/1/99       268500   268500.00       268268.82
22719652  75.0  7.125     3/1/99  2/1/29   1995.9  3/1/99       296250   296250.00       296013.08
22719785  80.0    6.5     3/1/99  2/1/29  2831.66  3/1/99       448000   447595.01       447595.01
22720577  90.0   6.75     3/1/99  2/1/29  1838.78  3/1/99       283500   283500.00       283255.91
22721492  67.4  6.875     3/1/99  2/1/29  1991.16  3/1/99       303100   303100.00       302845.35
22721534  80.0      7     3/1/99  2/1/29  2189.84  3/1/99       329150   329150.00       328880.20
22721666  77.2      7     3/1/99  2/1/29  1849.54  3/1/99       278000   278000.00       277772.13
22722573  62.5   7.25     3/1/99  2/1/29  2387.62  3/1/99       350000   350000.00       349726.96
22722680  77.5  6.875     3/1/99  2/1/29  2470.05  3/1/99       376000   376000.00       375684.12
22723910  89.4  7.625     3/1/99  2/1/29   1797.8  3/1/99       254000   254000.00       253816.16
22724074  80.0    7.5     3/1/99  2/1/29  1762.03  3/1/99       252000   252000.00       251812.97
22724199  80.0  7.375     3/1/99  2/1/29  2320.67  3/1/99       336000   336000.00       335744.33
22724298  69.0  7.125     3/1/99  2/1/29  2324.33  3/1/99       345000   345000.00       344724.11
22724520  74.5      7     3/1/99  2/1/29  1842.89  3/1/99       277000   277000.00       276772.94
22724934  68.0      7     3/1/99  2/1/29  2238.74  3/1/99       336500   336500.00       336224.18
22725014  74.6  7.125     3/1/99  2/1/29  1758.41  3/1/99       261000   261000.00       260791.28
22725675  33.7  7.375     3/1/99  2/1/29  2417.36  3/1/99       350000   350000.00       349733.68
22726897  80.0  7.125     3/1/99  2/1/29  1806.24  3/1/99       268100   268100.00       267885.60
22727077  80.0  6.625     3/1/99  2/1/29  2535.63  3/1/99       396000   396000.00       395650.62
22728539  61.9      7     3/1/99  2/1/29  4324.47  3/1/99       650000   650000.00       649467.20
22729503  79.7   6.75    12/1/98 11/1/28  1937.37  3/1/99       298700   297662.55       297662.55
22730345  73.4   6.75     3/1/99  2/1/29  1738.25  3/1/99       268000   267769.25       267769.25
22730774  75.0      7    11/1/98 10/1/28  1696.53  3/1/99       255000   254156.53       253942.58
22730790  85.0   7.25     8/1/98  7/1/28  2168.64  3/1/99       317900   316132.26       315873.59
22730824  80.0  7.125    11/1/98 10/1/28  1751.67  3/1/99       260000   259160.88       258947.98
22730931  69.2   7.25    11/1/98 10/1/28  1698.62  3/1/99       249000   248215.95       248016.97
22731509  80.0  6.375     3/1/99  2/1/29  2910.98  3/1/99       466600   466167.83       466167.83
22732648  80.0      7     3/1/99  2/1/29  3197.12  3/1/99       480550   480550.00       480156.09
22732671  80.0      7     3/1/99  2/1/29  2184.86  3/1/99       328400   328400.00       328130.81
22734388  80.0  7.375     3/1/99  2/1/29  1839.96  3/1/99       266400   266197.29       266197.29
22735690  80.0    7.5     2/1/99  1/1/29  1767.51  3/1/99       252784   252596.39       252407.61
22735708  63.3  7.125     2/1/99  1/1/29  2345.44  3/1/99       348133   347854.60       347574.55
22735732  80.0  7.125     2/1/99  1/1/29  3881.96  3/1/99       576199   575738.22       575274.71
22735757  80.0   7.25     2/1/99  1/1/29  2268.96  3/1/99       332606   332315.49       332054.27
22735773  80.0   7.25     2/1/99  1/1/29  1893.39  3/1/99       277550   277333.47       277115.64
22735781  80.0  6.875     2/1/99  1/1/29  2102.18  3/1/99       320000   319460.76       319460.76
22737209  80.0      7     3/1/99  2/1/29  3299.91  3/1/99       496000   496000.00       495593.42
22737779  64.9      7     3/1/99  2/1/29  2993.87  3/1/99       450000   450000.00       449631.13
22739569  79.5  7.625     3/1/99  2/1/29  2307.41  3/1/99       326000   326000.00       325764.05
22739643  75.0   7.75     3/1/99  2/1/29  2579.08  3/1/99       360000   360000.00       359745.92
22740047  73.6  7.125     2/1/99  1/1/29  2230.01  3/1/99       331000   330735.30       330469.03
22740435  85.0  6.875     3/1/99  2/1/29  2001.33  3/1/99       304650   302484.26       302215.91
22740716  58.8  6.875     3/1/99  2/1/29  1931.37  3/1/99       294000   294000.00       293753.01
22742746  79.9  7.125     2/1/99  1/1/29  2903.73  3/1/99       431000   430655.33       430308.62
22743470  90.0   7.25     3/1/99  2/1/29  2245.72  3/1/99       329200   329200.00       328943.20
22744106  80.0    6.5     2/1/99  1/1/29  2098.47  3/1/99       332000   331699.86       331398.10
22744718  83.8  7.375     2/1/99  1/1/29  1882.09  3/1/99       272500   272292.65       272084.03
22745087  76.8   7.25     3/1/99  2/1/29  2204.79  3/1/99       323200   323200.00       322947.88
22749691  61.1  6.625     3/1/99  2/1/29  2578.53  3/1/99       402700   402700.00       402344.71
22752018  90.0   6.75     3/1/99  2/1/29  1707.44  3/1/99       263250   263250.00       263023.34
22752109  78.9      7     3/1/99  2/1/29  1995.91  3/1/99       300000   300000.00       299754.09
22758551  80.0  6.875     3/1/99  2/1/29  1834.15  3/1/99       279200   279200.00       278965.43
22759765  80.0  7.125     3/1/99  2/1/29  2126.26  3/1/99       315600   315600.00       315347.62
22764880  75.0      7     3/1/99  2/1/29  2145.61  3/1/99       322500   322500.00       322235.64
22765556  90.0   6.75     3/1/99  2/1/29  2375.81  3/1/99       366300   366300.00       365984.63
22773428  90.0   7.25     3/1/99  2/1/29     2287  3/1/99       335250   335250.00       334988.47
22773527  89.9   7.75     3/1/99  2/1/29  2220.88  3/1/99       310000   310000.00       309781.20
22773535  77.2   6.75     3/1/99  2/1/29  2252.26  3/1/99       347250   347250.00       346951.02
22778351  84.3   6.75     3/1/99  2/1/29  1958.12  3/1/99       301900   301900.00       301640.07
22786628  80.0   6.75    12/1/98 11/1/28     1759  3/1/99       271200   270495.54       270258.08
25737925  80.0  7.375     2/1/99  1/1/29  2762.71  3/1/99       400000   399695.62       399389.37
26205369  90.0  7.375     3/1/99  2/1/29     2600  3/1/99       376443   375683.11       375683.11
26506832  80.0      7     3/1/99  2/1/29  2281.99  3/1/99       343000   343000.00       342718.84
26524132  72.4  7.375     3/1/99  2/1/29  1809.57  3/1/99       262000   262000.00       261800.64
26802751  80.0  7.625     3/1/99  2/1/29  1755.33  3/1/99       248000   248000.00       247820.50
26876235  51.8    7.5     3/1/99  2/1/29  1866.91  3/1/99       267000   266081.09       265877.19
26931949  58.0  6.875     2/1/99  1/1/29  2167.87  3/1/99       330000   329722.76       329443.93
26947051  64.1  7.375     2/1/99  1/1/29  2279.23  3/1/99       330000   329748.89       329496.24
26961425  65.0      7     3/1/99  2/1/29  2707.79  3/1/99       407000   407000.00       406666.38
26991257  60.7    7.5     2/1/99  1/1/29  1762.03  3/1/99       252000   251812.97       251624.77
27008903  60.3   6.75     3/1/99  2/1/29  2503.59  3/1/99       386000   386000.00       385667.66
27093061  49.3  7.375     2/1/99  1/1/29   2037.5  3/1/99       295000   294775.52       294549.66
27096361  78.6    7.5     2/1/99  1/1/29   3210.1  3/1/99       459100   454226.70       453855.52
27107382  81.3  7.375     2/1/99  1/1/29  1795.76  3/1/99       260000   259802.16       259603.10
27110519  51.7  7.375     2/1/99  1/1/29  2106.56  3/1/99       305000   304767.92       304534.41
27116359  68.1    7.5     2/1/99  1/1/29  2167.57  3/1/99       310000   309769.93       309538.42
27128941  72.9   7.25     2/1/99  1/1/29  3356.31  3/1/99       492000   491616.19       491230.06
27129493  48.3  7.375     2/1/99  1/1/19  2234.31  3/1/99       280000   279486.52       278969.89
27137520  62.9   7.25     2/1/99  1/1/29  3219.88  3/1/99       472000   471631.79       471261.35
27138080  65.4  7.375     2/1/99  1/1/29   2710.9  3/1/99       392500   391900.84       391900.84
27139070  69.8    7.5     2/1/99  1/1/29   2229.8  3/1/99       318900   318425.18       318425.18
27141969  62.2  7.375     2/1/99  1/1/29  2320.67  3/1/99       336000   335744.33       335487.09
27146612  68.1  6.875     4/1/99  3/1/29  1767.14  3/1/99       269000   269000.00       269000.00
27146893  80.0      7     4/1/99  3/1/29   3512.8  3/1/99       528000   528000.00       528000.00
27148345  75.0  7.625     2/1/99  1/1/29  2494.98  3/1/99       352500   352244.86       351988.10
27155761  58.5  6.875     3/1/99  2/1/29  2786.04  3/1/99       424100   424100.00       423743.70
27164318  70.3  7.625     1/1/99 12/1/28  1790.72  3/1/99       253000   252260.30       252072.48
27177146  69.3   7.25     3/1/99  2/1/29  2251.19  3/1/99       330000   330000.00       329742.56
27186634  66.4   7.25     2/1/99  1/1/29  2489.95  3/1/99       365000   364715.26       364428.80
27190974  61.4  7.375     4/1/99  3/1/29  2458.81  3/1/99       356000   356000.00       356000.00
27193754  69.3    7.5     2/1/99  1/1/29  1748.04  3/1/99       250000   249814.46       249627.76
27201789  64.3  6.875     3/1/99  2/1/29  1773.71  3/1/99       270000   270000.00       269773.17
27208446  74.5   6.75     4/1/99  3/1/29  2127.41  3/1/99       328000   328000.00       328000.00
27216647  65.3   7.25     2/1/99  1/1/29  4434.15  3/1/99       650000   649492.93       648982.80
27218601  78.8  7.125     4/1/99  3/1/29  1926.84  3/1/99       286000   286000.00       286000.00
27224880  63.7   7.25     2/1/99  1/1/29  1869.17  3/1/99       274000   273737.74       273522.40
27235159  47.2   6.75     4/1/99  3/1/29  2296.04  3/1/99       354000   354000.00       354000.00
27235522  57.4   7.25     3/1/99  2/1/29  1821.42  3/1/99       267000   266479.25       266267.81
27236074  56.6    7.5     2/1/99  1/1/29  2434.67  3/1/99       348200   347681.54       347681.54
27238344  80.0  7.375     2/1/99  1/1/29  2917.41  3/1/99       422400   421755.20       421755.20
27241959  59.5  7.125     3/1/99  2/1/29  1602.11  3/1/99       237800   237800.00       237609.83
27246305  89.3  7.375     2/1/99  1/1/29  1739.91  3/1/99       251913   251721.31       251528.44
27246446  71.2   7.25     2/1/99  1/1/29  1773.66  3/1/99       260000   259697.17       259492.51
27250679  56.5  7.375     3/1/99  2/1/29  1795.76  3/1/99       260000   260000.00       259802.16
27251677  70.0   7.25     2/1/99  1/1/29  1742.28  3/1/99       255400   255200.76       255000.32
27251768  65.9   7.25     2/1/99  1/1/29   2223.9  3/1/99       326000   325568.68       325311.76
27255280  68.2   7.25     3/1/99  2/1/29   2162.5  3/1/99       317000   317000.00       316752.71
27260595  67.7  7.375     2/1/99  1/1/29  3108.04  3/1/99       450000   449657.58       449313.06
27260702  72.9    7.5     2/1/99  1/1/29  2013.74  3/1/99       288000   287786.26       287571.18
27261502  80.0   7.75     1/1/99 12/1/28  3352.81  3/1/99       468000   467337.25       467002.66
27262740  46.4   7.25     2/1/99  1/1/29  1780.49  3/1/99       261000   260796.39       260591.54
27270339  68.5  7.125     3/1/99  2/1/19  2199.73  3/1/99       281000   280468.44       280468.44
27270453  89.6    7.5     1/1/99 12/1/18  2416.78  3/1/99       300000   298872.80       298323.98
27270719  60.3    7.5     2/1/99  1/1/29  3076.55  3/1/99       440000   439673.45       439344.86
27273572  80.0  7.375     3/1/99  2/1/29  2210.17  3/1/99       320000   319400.29       319645.97
27273812  51.7    7.5     3/1/99  2/1/29  2076.67  3/1/99       297000   297000.00       296779.58
27274125  74.2    7.5     2/1/99  1/1/29  1919.35  3/1/99       274500   274296.28       274091.28
27275007  49.9    7.5     2/1/99  1/1/29  1985.77  3/1/99       284000   283789.23       283577.14
27282458  69.3  7.375     3/1/99  2/1/29  4489.39  3/1/99       650000   649505.40       649505.40
27290170  80.0  7.125     3/1/99  2/1/29  2115.48  3/1/99       314000   314000.00       313748.90
27300961  67.0    7.5     2/1/99  1/1/29  2272.45  3/1/99       325000   324758.80       324516.09
27311463  62.2    7.5     2/1/99  1/1/29  2078.77  3/1/99       297300   296857.34       296857.34
27316603  43.9   7.25     3/1/99  2/1/29  2470.85  3/1/99       362200   362200.00       361917.44
27319433  86.9   7.25     2/1/99  1/1/29  1807.77  3/1/99       265000   264793.27       264585.29
27320670  75.0   6.75     4/1/99  3/1/29  1848.51  3/1/99       285000   285000.00       285000.00
27322270  71.3  7.375     2/1/99  1/1/29  2362.11  3/1/99       342000   341739.76       341477.93
27329978  72.3    7.5     2/1/99  1/1/29  2020.73  3/1/99       289000   288785.52       288569.70
27330216  78.4  7.625     2/1/99  1/1/29  2689.62  3/1/99       380000   379714.58       379437.73
27333350  75.0    7.5     2/1/99  1/1/29  2307.41  3/1/99       330000   329508.65       329508.65
27336833  71.1  7.375     2/1/99  1/1/29  1719.79  3/1/99       249000   248810.52       248619.88
27338037  49.3    6.5     3/1/99  2/1/29  2212.24  3/1/99       350000   350000.00       349683.59
27341569  63.2   7.25     4/1/99  3/1/29  3232.16  3/1/99       473800   473800.00       473800.00
27346527  66.5   7.25     2/1/99  1/1/29  2019.25  3/1/99       296000   295523.27       295289.47
27346584  80.0  7.125     4/1/99  3/1/29  2021.16  3/1/99       300000   300000.00       300000.00
27347079  74.7   7.25     3/1/99  2/1/29   1910.1  3/1/99       280000   280000.00       279781.57
27347293  68.0  7.375     2/1/99  1/1/29   2348.3  3/1/99       340000   339545.28       339283.77
27347681  80.0  7.375     2/1/99  1/1/29  2541.69  3/1/99       368000   367619.98       367337.62
27348390  38.1  7.375     3/1/99  2/1/29  2762.71  3/1/99       400000   400000.00       399695.62
27349133  51.6    7.5     2/1/99  1/1/29  2090.66  3/1/99       299000   298778.09       298554.79
27351139  79.5  7.375     2/1/99  1/1/29  2279.23  3/1/99       330000   329748.89       329496.24
27355007  58.4  7.625     3/1/99  2/1/29  2066.76  3/1/99       292000   292000.00       291788.66
27356567  74.9  7.375     3/1/99  2/1/29   1733.6  3/1/99       251000   251000.00       250809.00
27357367  68.9  7.375     2/1/99  1/1/29   2141.1  3/1/99       310000   309764.11       309526.77
27358290  78.7  7.625     2/1/99  1/1/29     2088  3/1/99       295000   294786.48       294571.60
27359694  63.8   7.25     4/1/99  3/1/29  1957.85  3/1/99       287000   287000.00       287000.00
27360304  80.0  7.625     2/1/99  1/1/29  3454.04  3/1/99       488000   487291.34       487291.34
27366434  88.1  7.375     3/1/99  2/1/29  2465.72  3/1/99       357000   357000.00       356728.34
27369263  80.0  7.375     3/1/99  2/1/29   2044.4  3/1/99       296000   295774.77       295774.77
27369404  75.0    7.5     2/1/99  1/1/29  1940.33  3/1/99       277500   277294.05       277086.81
27369917  87.7  7.375     2/1/99  1/1/29  1968.43  3/1/99       285000   284564.93       284564.93
27372051  64.0   7.25     2/1/99  1/1/29  1747.06  3/1/99       256100   255900.21       255699.21
27381615  56.3  7.375     3/1/99  2/1/29  2935.37  3/1/99       425000   424676.61       424676.61
27384684  75.0  7.875     2/1/99  1/1/29  2406.33  3/1/99       331875   331646.60       331416.70
27394410  75.6  7.375     3/1/99  2/1/29  2479.53  3/1/99       359000   359000.00       358726.82
27394592  70.0  7.375     2/1/99  1/1/29   3674.4  3/1/99       532000   531595.18       531187.88
27397694  80.0  7.375     2/1/99  1/1/29  2485.74  3/1/99       359900   359626.15       359350.61
27400266  69.2  7.375     2/1/99  1/1/29  1816.48  3/1/99       263000   262799.87       262598.51
27404532  60.0   7.25     3/1/99  2/1/29  2046.53  3/1/99       300000   300000.00       299765.97
27406933  78.2  7.125     3/1/99  2/1/29  3267.54  3/1/99       485000   485000.00       484612.15
27407584  36.9  7.125     3/1/99  2/1/29  4345.49  3/1/99       645000   645000.00       644484.20
27411420  65.9  7.375     2/1/99  1/1/29  1705.97  3/1/99       247000   246622.95       246622.95
27416627  56.6    7.5     2/1/99  1/1/29  2195.54  3/1/99       314000   313165.40       313165.40
27417229  61.4   7.75     2/1/99  1/1/29  2875.68  3/1/99       401400   401116.69       400831.56
27418367  60.5    7.5     2/1/99  1/1/29  2454.25  3/1/99       351000   350533.50       350270.08
27420173  49.9  7.125     3/1/99  2/1/29  1849.36  3/1/99       274500   274500.00       274280.48
27423870  59.2  7.375     2/1/99  1/1/29   3370.5  3/1/99       488000   487628.67       487255.05
27423987  75.5  7.375     2/1/99  1/1/29  2320.67  3/1/99       336000   335487.09       335487.09
27426543  50.1  7.125     2/1/99  1/1/29  2863.31  3/1/99       425000   423747.57       423400.26
27427095  70.0    7.5     2/1/99  1/1/29  2740.93  3/1/99       392000   391709.07       391416.32
27427764  67.6   7.25     2/1/99  1/1/29  2073.82  3/1/99       304000   303762.85       303524.26
27428135  32.1   7.25     3/1/99  2/1/29  1674.75  3/1/99       245500   245500.00       245308.48
27428374  79.1  7.625     2/1/99  1/1/29  2434.82  3/1/99       344000   343751.01       343500.44
27429489  47.8  7.625     1/1/99 12/1/28  3284.17  3/1/99       464000   463326.19       462986.07
27430495  72.0      7     3/1/99  2/1/29  1962.65  3/1/99       295000   295000.00       294758.18
27432343  74.9  7.375     4/1/99  3/1/29  2458.81  3/1/99       356000   356000.00       356000.00
27436377  61.7    7.5     2/1/99  1/1/29  1769.02  3/1/99       253000   252807.23       252618.26
27437540  80.0  7.625     2/1/99  1/1/29  1908.22  3/1/99       269600   269208.48       269208.48
27438217  79.7   7.25     3/1/99  2/1/29  2000.15  3/1/99       293200   293200.00       292971.27
27438381  62.6    7.5     2/1/99  1/1/29  1992.77  3/1/99       285000   284575.64       284575.64
27438837  80.0  7.375     2/1/99  1/1/29  1759.85  3/1/99       254800   254606.11       254411.03
27439389  65.0  6.875     3/1/99  2/1/29  2241.77  3/1/99       341250   341250.00       340963.31
27440320  75.0    7.5     2/1/99  1/1/29  1809.22  3/1/99       258750   258557.97       258364.74
27440536  71.3  7.125     3/1/99  2/1/29  2162.64  3/1/99       321000   321000.00       320743.30
27441328  77.0  7.625     2/1/99  1/1/29  1895.48  3/1/99       267800   267606.17       267411.10
27442821  56.9   7.25     2/1/99  1/1/29  1725.91  3/1/99       253000   252802.63       252604.07
27443928  69.2  7.375     2/1/99  1/1/29  2603.85  3/1/99       377000   376713.13       376424.50
27449636  40.8  7.125     3/1/99  2/1/29  3435.97  3/1/99       510000   510000.00       509592.16
27449727  69.3   7.25     2/1/99  1/1/29  2080.64  3/1/99       305000   304262.07       304019.68
27452630  80.0  7.375     2/1/99  1/1/29  1855.16  3/1/99       268600   268395.61       268189.96
27457209  80.0   7.25     2/1/99  1/1/29  1964.67  3/1/99       288000   287519.35       287291.78
27457324  75.8    7.5     2/1/99  1/1/29  1934.03  3/1/99       276600   276394.72       276188.16
27457399  75.0  7.375     3/1/99  2/1/29  2082.39  3/1/99       301500   301270.58       301270.58
27457431  43.3  7.375     3/1/99  2/1/29  4489.39  3/1/99       650000   650000.00       649505.40
27461367  77.7  7.375     2/1/99  1/1/29  2199.81  3/1/99       318500   318013.79       318013.79
27461748  72.0   7.25     2/1/99  1/1/29  2087.46  3/1/99       306000   305761.29       305521.14
27462431  69.8   7.25     3/1/99  2/1/29  2926.54  3/1/99       429000   429000.00       428665.34
27462449  80.0    7.5     3/1/99  2/1/29  1957.81  3/1/99       280000   280000.00       279792.19
27462837  80.0  7.375     2/1/99  1/1/29  2210.17  3/1/99       320000   319756.50       319511.50
27464643  80.0    7.5     3/1/99  2/1/29  2293.43  3/1/99       328000   328000.00       327756.57
27465046  54.9  7.125     3/1/99  2/1/29  5733.35  3/1/99       851000   851000.00       850319.46
27465061  62.9  7.375     3/1/99  2/1/29  3038.98  3/1/99       440000   440000.00       439665.19
27468677  53.3   7.25     3/1/99  2/1/29  2271.65  3/1/99       333000   333000.00       332740.23
27468800  80.0   7.25     2/1/99  1/1/29  2619.56  3/1/99       384000   383700.44       383399.07
27469097  78.9  6.875     3/1/99  2/1/29  1970.79  3/1/99       300000   300000.00       299747.96
27469469  77.5  7.875     2/1/99  1/1/29  2022.59  3/1/99       278950   278758.02       278564.78
27471499  69.5    7.5     2/1/99  1/1/29  1957.81  3/1/99       280000   279792.19       279583.08
27475458  70.0  7.375     3/1/99  2/1/29  1909.72  3/1/99       276500   276500.00       276289.60
27475946  62.6  6.875     4/1/99  3/1/29   1810.5  3/1/99       275600   275600.00       275600.00
27475987  74.6  7.375     2/1/99  1/1/29   2859.4  3/1/99       414000   413368.01       413368.01
27476183  80.0   7.75     2/1/99  1/1/29  2109.12  3/1/99       294400   294192.21       293983.08
27476498  55.3      7     4/1/99  3/1/29  3492.84  3/1/99       525000   525000.00       525000.00
27481456  80.0   7.25     2/1/99  1/1/29     2756  3/1/99       404000   403684.83       403367.76
27481878  63.2  7.125     3/1/99  2/1/29  2492.76  3/1/99       370000   370000.00       369704.12
27481902  62.8  7.625     2/1/99  1/1/29  3822.09  3/1/99       540000   539157.92       538761.73
27482462  65.1  6.875     3/1/99  2/1/29  1655.47  3/1/99       252000   252000.00       251788.28
27483098  55.0      7     3/1/99  2/1/29  3585.99  3/1/99       539000   539000.00       538558.18
27483734  72.8   7.25     3/1/99  2/1/29  2032.55  3/1/99       297950   297717.56       297717.56
27483742  74.9  7.625     2/1/99  1/1/29  2201.24  3/1/99       311000   310774.91       310548.39
27484120  70.0    7.5     2/1/99  1/1/29  3548.52  3/1/99       507500   507123.36       506744.36
27484245  80.0  7.375     2/1/99  1/1/29  2154.91  3/1/99       312000   311762.59       311523.72
27484898  75.0   7.25     2/1/99  1/1/29  2046.53  3/1/99       300000   299765.97       299530.53
27484971  49.2  7.375     3/1/99  2/1/29  2210.17  3/1/99       320000   320000.00       319756.50
27485283  66.4  7.625     2/1/99  1/1/29  3291.25  3/1/99       465000   464026.88       464026.88
27485986  70.0   7.25     2/1/99  1/1/29   1910.1  3/1/99       280000   279181.57       278958.19
27487339  90.0    7.5     3/1/99  2/1/29  1749.44  3/1/99       250200   250014.31       250014.31
27487883  74.7   7.75     2/1/99  1/1/29   1889.9  3/1/99       263800   263613.81       263426.42
27488121  70.5    7.5     3/1/99  2/1/29  2168.97  3/1/99       310200   309969.78       309969.78
27488832  95.0  7.625     2/1/99  1/1/29  1728.08  3/1/99       244150   243973.29       243795.46
27489848  54.9  7.375     2/1/99  1/1/29  3108.04  3/1/99       450000   449657.58       449313.06
27495662  55.4  7.375     3/1/99  2/1/29  1899.36  3/1/99       275000   275000.00       274790.74
27496058  80.0  6.875     3/1/99  2/1/29  2109.93  3/1/99       321180   321180.00       320910.16
27496470  48.5    7.5     2/1/99  1/1/29  2069.68  3/1/99       296000   295780.32       295559.27
27500875  85.1      7     3/1/99  2/1/29   1963.9  3/1/99       295188   295188.00       294946.03
27501949  80.0   7.25     2/1/99  1/1/29  2095.65  3/1/99       307200   306960.35       306719.25
27502731  62.1   7.75     2/1/99  1/1/29  2624.94  3/1/99       366400   366141.39       365881.11
27503358  71.3  7.375     2/1/99  1/1/29  3446.47  3/1/99       499000   498620.30       498238.27
27504968  52.8  7.375     3/1/99  2/1/29  1968.43  3/1/99       285000   285000.00       284783.13
27507151  75.0    7.5     3/1/99  2/1/29  1861.66  3/1/99       266250   266250.00       266052.40
27507201  73.3    7.5     3/1/99  2/1/29  1973.19  3/1/99       282200   281990.56       281990.56
27507953  75.0  7.375     2/1/99  1/1/29  1968.43  3/1/99       285000   284783.13       284564.93
27508100  41.6   7.25     3/1/99  2/1/29  1984.11  3/1/99       290850   290850.00       290623.11
27508555  67.4      7     3/1/99  2/1/29  2062.44  3/1/99       310000   310000.00       309745.89
27509132  59.3  7.625     2/1/99  1/1/29  2831.18  3/1/99       400000   399710.49       399419.14
27509629  80.0  7.375     2/1/99  1/1/29  1878.64  3/1/99       272000   271693.03       271484.17
27510122  80.0   6.75     3/1/99  2/1/29  1701.92  3/1/99       262400   262400.00       262174.08
27513209  80.0    7.5     2/1/99  1/1/29  1845.93  3/1/99       264000   263804.07       263606.92
27514678  76.5  7.375     3/1/99  2/1/29   2141.1  3/1/99       310000   309605.21       309605.21
27516046  80.0  7.375     2/1/99  1/1/29  2218.47  3/1/99       321203   320712.68       320712.68
27516129  47.9      7     3/1/99  2/1/29  1975.95  3/1/99       297000   297000.00       296756.55
27516442  74.6  7.625     2/1/99  1/1/29  1953.52  3/1/99       276000   275800.23       275599.19
27520576  85.0    7.5     2/1/99  1/1/29  1901.87  3/1/99       272000   271798.13       271595.00
27520956  69.9    7.5     2/1/99  1/1/29  2540.95  3/1/99       363400   363130.30       362858.91
27523901  78.4  7.375     2/1/99  1/1/29  1745.69  3/1/99       252750   252557.67       252364.16
27525179  69.5   6.75     3/1/99  2/1/29   1666.9  3/1/99       257000   257000.00       256778.73
27525955  63.3   7.25     3/1/99  2/1/29  2373.98  3/1/99       348000   348000.00       347728.52
27527357  68.2    7.5     2/1/99  1/1/29  2385.72  3/1/99       341200   340946.78       340691.98
27527548  35.5   7.25     2/1/99  1/1/29  3410.89  3/1/99       500000   499609.94       499217.53
27529676  66.1  7.875     2/1/99  1/1/29  2175.21  3/1/99       300000   299793.54       299585.73
27529916  40.3   7.25     2/1/99  1/1/29  1857.57  3/1/99       272300   272087.58       271873.87
27530047  67.8    7.5     3/1/99  2/1/29  3559.01  3/1/99       509000   509000.00       508622.24
27531961  61.4  7.375     2/1/99  1/1/29  2417.37  3/1/99       350000   349733.67       349465.70
27536119  68.1    7.5     2/1/99  1/1/29  3216.39  3/1/99       460000   459658.61       459315.09
27537216  78.7  7.375     3/1/99  2/1/29  2472.62  3/1/99       358000   358000.00       357727.59
27537737  28.3    7.5     3/1/99  2/1/29  4544.89  3/1/99       649999   649999.00       649516.60
27538008  74.2    7.5     2/1/99  1/1/29  2194.84  3/1/99       313900   313667.04       313432.62
27539030  67.6  7.625     2/1/99  1/1/29  1794.26  3/1/99       253500   253316.52       253131.88
27543404  80.0  7.625     2/1/99  1/1/29  3057.67  3/1/99       432000   431372.67       431372.67
27543461  68.6  7.625     2/1/99  1/1/29  2647.15  3/1/99       374000   373376.46       373101.81
27543818  79.7  7.625     2/1/99  1/1/29  1719.94  3/1/99       243000   242824.12       242647.12
27548155  75.1  7.375     2/1/99  1/1/29  2203.26  3/1/99       319000   318757.26       318513.03
27548775  75.0   7.25     2/1/99  1/1/29  2302.35  3/1/99       337500   337236.71       336971.83
27549070  74.3  7.375     3/1/99  2/1/29  1897.63  3/1/99       274750   274750.00       274540.94
27549138  30.9  6.875     4/1/99  3/1/29  1773.71  3/1/99       270000   270000.00       270000.00
27549203  76.8  7.125     3/1/99  2/1/29  3570.71  3/1/99       530000   530000.00       529576.17
27551308  84.9   7.25     2/1/99  1/1/29  2244.36  3/1/99       329000   328471.79       328211.95
27551944  79.1    7.5     2/1/99  1/1/29  2433.27  3/1/99       348000   347741.73       347481.85
27552355  58.0   6.75     3/1/99  2/1/29  1770.68  3/1/99       273000   273000.00       272764.95
27553551  79.9      7     3/1/99  2/1/29  1663.26  3/1/99       250000   249795.07       249795.07
27553809  75.0  7.125     3/1/99  2/1/29  2046.43  3/1/99       303750   303750.00       303507.09
27554047  67.1  7.125     3/1/99  2/1/29  3166.48  3/1/99       470000   470000.00       469624.15
27554187  68.8    6.5     3/1/99  2/1/29  3476.38  3/1/99       550000   550000.00       549502.79
27554492  79.6    7.5     3/1/99  2/1/29  3006.63  3/1/99       430000   430000.00       429680.87
27555002  80.0   7.25     3/1/99  2/1/29  1828.24  3/1/99       268000   268000.00       267790.93
27555630  36.9  7.375     2/1/99  1/1/29  2040.95  3/1/99       295500   294400.14       294168.52
27555721  80.0  7.625     2/1/99  1/1/29  2907.62  3/1/99       410800   410502.67       410203.45
27557404  75.0  7.375     2/1/99  1/1/29  2393.19  3/1/99       346500   346236.34       345971.06
27559285  50.0    7.5     2/1/99  1/1/29  3146.47  3/1/99       450000   449666.03       449329.97
27559582  74.2    7.5     3/1/99  2/1/29  3244.36  3/1/99       464000   464000.00       463655.64
27560218  70.0  7.375     4/1/99  3/1/29  1909.72  3/1/99       276500   276500.00       276500.00
27561166  75.4   7.25     3/1/99  2/1/29  2315.99  3/1/99       339500   339500.00       339235.16
27561463  75.0  7.625     2/1/99  1/1/29  2187.09  3/1/99       309000   308763.44       308538.28
27563543  63.4  7.125     3/1/99  2/1/29  2903.73  3/1/99       431000   431000.00       430655.33
27563667  75.0  7.375     2/1/99  1/1/29  2486.44  3/1/99       360000   359726.06       359450.44
27563907  78.6  7.375     2/1/99  1/1/29  2279.23  3/1/99       330000   329748.89       329496.24
27565381  74.8   7.25     3/1/99  2/1/29  2169.33  3/1/99       318000   318000.00       317751.92
27565415  56.9  7.125     3/1/99  2/1/29  2694.88  3/1/99       400000   400000.00       399680.12
27566132  80.0   7.25     3/1/99  2/1/29  1970.13  3/1/99       288800   288800.00       288574.70
27566496  80.0   7.25     2/1/99  1/1/29  2674.14  3/1/99       392000   391694.19       391386.54
27567296  77.7  7.375     3/1/99  2/1/29  1749.14  3/1/99       253250   253250.00       253057.29
27568013  75.0   7.25     2/1/99  1/1/29  2767.94  3/1/99       405750   405115.02       405115.02
27568518  48.2      7     3/1/99  2/1/29  3526.11  3/1/99       530000   530000.00       529565.56
27568609  80.0   7.25     3/1/99  2/1/29  4365.93  3/1/99       640000   640000.00       639500.74
27569300  80.0   7.25     3/1/99  2/1/29  2523.72  3/1/99       369950   369950.00       369661.39
27569979  68.7  7.375     3/1/99  2/1/29   2940.9  3/1/99       425800   425800.00       425476.00
27571629  79.2  7.125     3/1/99  2/1/19  2207.56  3/1/99       282000   282000.00       281466.82
27574797  68.0  7.375     3/1/99  2/1/29  2067.54  3/1/99       299350   298826.63       298595.63
27574870  73.8   7.25     3/1/99  2/1/29  2012.43  3/1/99       295000   295000.00       294769.86
27575729  58.9      7     4/1/99  3/1/29  1862.85  3/1/99       280000   280000.00       280000.00
27576719  61.5      7     4/1/99  3/1/29  2661.21  3/1/99       400000   400000.00       400000.00
27576909  70.0  7.625     3/1/99  2/1/29  2051.19  3/1/99       289800   289800.00       289590.25
27578137  77.8   7.25     4/1/99  3/1/29  2121.57  3/1/99       311000   311000.00       311000.00
27579952  95.0      7     3/1/99  2/1/29  1832.91  3/1/99       275500   275500.00       275274.17
27580075  43.2    7.5     3/1/99  2/1/29  2559.13  3/1/99       366000   366000.00       365728.37
27581750  80.0    7.5     3/1/99  2/1/29  1566.25  3/1/99       224000   224000.00       223833.75
27582600  56.9  7.625     2/1/99  1/1/29  2335.72  3/1/99       330000   328918.33       328918.33
27582873  78.4  7.375     3/1/99  2/1/29  2762.71  3/1/99       400000   400000.00       399695.62
27583210  64.7  7.375     3/1/99  2/1/29  4019.73  3/1/99       582000   582000.00       581557.15
27585413  71.4   7.25     3/1/99  2/1/29  2558.17  3/1/99       375000   375000.00       374707.46
27585793  58.9  6.875     3/1/99  2/1/29  1839.41  3/1/99       280000   280000.00       279764.76
27586205  80.0   6.75     3/1/99  2/1/29  1701.92  3/1/99       262400   262400.00       262174.08
27586379  80.0   7.25     2/1/99  1/1/29  1806.41  3/1/99       264800   264593.42       264385.60
27586437  75.0  7.375     3/1/99  2/1/29  2900.84  3/1/99       420000   420000.00       419680.41
27586718  75.0  7.375     3/1/99  2/1/29  3108.04  3/1/99       450000   449657.58       449657.58
27588482  60.0  7.125     3/1/99  2/1/29  2871.39  3/1/99       426200   426200.00       425859.17
27588722  68.7      7     3/1/99  2/1/29  1713.16  3/1/99       257500   257500.00       257288.92
27589126  67.4  6.875     3/1/99  2/1/29  2680.27  3/1/99       408000   408000.00       407657.23
27590371  76.9    7.5     3/1/99  2/1/29   4544.9  3/1/99       650000   650000.00       649517.60
27590686  61.4  7.125     3/1/99  2/1/29  2290.65  3/1/99       340000   340000.00       339728.10
27592518  90.0    7.5     2/1/99  1/1/29  2743.72  3/1/99       392400   391608.78       391312.61
27593433  60.2   7.25     3/1/99  2/1/29  2114.75  3/1/99       310000   309758.17       309758.17
27593540  76.8    7.5     3/1/99  2/1/29  1922.84  3/1/99       275000   275000.00       274795.91
27594597  42.6      7     4/1/99  3/1/29  2152.26  3/1/99       323500   323500.00       323500.00
27598150  52.4   7.25     4/1/99  3/1/29  2251.19  3/1/99       330000   330000.00       330000.00
27598317  37.2    7.5     3/1/99  2/1/29  2517.18  3/1/99       360000   359250.00       359250.00
27598325  54.3  7.125     3/1/99  2/1/29  3294.49  3/1/99       489000   488608.95       488608.95
27600220  68.2  7.375     3/1/99  2/1/29  2072.03  3/1/99       300000   300000.00       299771.72
27601368  63.0  6.875     3/1/99  2/1/29  4138.66  3/1/99       630000   630000.00       629470.72
27601400  79.0      7     4/1/99  3/1/29  1978.61  3/1/99       297400   297400.00       297400.00
27602754  72.0    7.5     3/1/99  2/1/29  3321.27  3/1/99       475000   475000.00       474647.48
27603042  90.0   7.25     2/1/99  1/1/29  2056.77  3/1/99       301500   301264.79       301028.16
27603562  75.0   7.25     3/1/99  2/1/29   1816.3  3/1/99       266250   266250.00       266042.29
27604107  69.1    7.5     3/1/99  2/1/29  2971.67  3/1/99       425000   425000.00       424684.58
27608397  75.0  6.875     3/1/99  2/1/29  1921.52  3/1/99       292500   292254.26       292254.26
27609171  48.5  7.375     3/1/99  2/1/29  1692.16  3/1/99       245000   245000.00       244813.57
27609221  65.8  6.875     3/1/99  2/1/29  3284.65  3/1/99       500000   500000.00       499579.93
27609338  66.5   7.25     3/1/99  2/1/29  2428.55  3/1/99       356000   356000.00       355722.28
27610989  79.8  7.125     3/1/99  2/1/29  4111.37  3/1/99       610250   609927.84       609437.92
27611581  77.6   7.25     3/1/99  2/1/29  2090.88  3/1/99       306500   306500.00       306260.89
27611748  77.9   7.25     3/1/99  2/1/29  1807.77  3/1/99       265000   264793.27       264793.27
27612118  61.7    7.5     3/1/99  2/1/29  2243.09  3/1/99       320800   320800.00       320561.91
27616671  67.6   7.25     3/1/99  2/1/29  4611.52  3/1/99       676000   675472.65       675472.65
27617984  62.4    7.5     3/1/99  2/1/29  1852.92  3/1/99       265000   265000.00       264803.33
27618495  48.4   7.25     3/1/99  2/1/29  1766.84  3/1/99       259000   259000.00       258797.95
27618701  62.0   7.25     3/1/99  2/1/29   2537.7  3/1/99       372000   372000.00       371709.80
27618891  80.0   7.25     3/1/99  2/1/29  2030.16  3/1/99       297600   297600.00       297367.84
27618974  62.3   7.25     4/1/99  3/1/29  1828.24  3/1/99       268000   268000.00       268000.00
27619204  67.4   7.25     4/1/99  3/1/29  1794.13  3/1/99       263000   263000.00       263000.00
27619741  75.0   7.25     3/1/99  2/1/29  1688.39  3/1/99       247500   247306.92       247306.92
27620608  68.6   7.25     3/1/99  2/1/29  2528.83  3/1/99       370700   370700.00       370410.82
27621366  70.0   7.25     4/1/99  3/1/29  2836.49  3/1/99       415800   415800.00       415800.00
27621507  69.5  7.375     3/1/99  2/1/29  2182.54  3/1/99       316000   316000.00       315759.54
27622083  78.1   7.25     2/1/99  1/1/29  1705.45  3/1/99       250000   249767.40       249570.96
27622257  70.0  7.375     3/1/99  2/1/29  3867.79  3/1/99       560000   560000.00       559573.88
27622307  73.0    7.5     3/1/99  2/1/29   1786.5  3/1/99       255500   255500.00       255310.38
27623040  80.0  7.125     3/1/99  2/1/29  3584.19  3/1/99       532000   531574.56       531574.56
27624519  71.3   7.25     3/1/99  2/1/29  2489.95  3/1/99       365000   365000.00       364715.26
27625151  46.9   7.25     3/1/99  2/1/29  2878.78  3/1/99       422000   421670.80       421670.80
27626969  78.7  7.375     4/1/99  3/1/29  3315.25  3/1/99       480000   480000.00       480000.00
27627439  75.6  7.625     3/1/99  2/1/29  1898.66  3/1/99       268250   268250.00       268055.85
27628015  78.0    6.5     3/1/99  2/1/29  1864.61  3/1/99       295000   295000.00       294733.31
27629948  80.0      7     3/1/99  2/1/29  2001.23  3/1/99       300800   300800.00       300553.44
27630011  58.6      7     3/1/99  2/1/29  2165.56  3/1/99       325500   325500.00       325233.19
27631415  95.0   7.25     3/1/99  2/1/29   1911.8  3/1/99       280250   280250.00       280031.38
27631688  54.5  7.125     3/1/99  2/1/29  2021.16  3/1/99       300000   300000.00       299760.09
27633288  79.6      7     4/1/99  3/1/29     2278  3/1/99       342400   341897.33       342179.28
27633478  56.4   7.25     3/1/99  2/1/29  3656.47  3/1/99       536000   536000.00       535581.86
27633668  66.8   7.25     4/1/99  3/1/29  1821.42  3/1/99       267000   267000.00       267000.00
27633825  45.6      7     3/1/99  2/1/29  4324.47  3/1/99       650000   650000.00       649467.20
27634195  76.6      7     3/1/99  2/1/29  1783.02  3/1/99       268000   268000.00       267780.31
27636125  80.0  7.375     3/1/99  2/1/29  1856.54  3/1/99       268800   268800.00       268595.46
27636828  63.6  6.875     3/1/99  2/1/29  2069.33  3/1/99       315000   315000.00       314735.36
27640440  66.7    7.5     3/1/99  2/1/29  2447.26  3/1/99       350000   350000.00       349740.24
27640630  62.4  6.625     3/1/99  2/1/29  1860.75  3/1/99       290600   290600.00       290343.60
27640713  68.8   7.25     3/1/99  2/1/29  3240.34  3/1/99       475000   474629.45       474629.45
27645308  59.2  7.125     3/1/99  2/1/29  3388.81  3/1/99       503000   503000.00       502597.75
27645464  68.1  6.875     3/1/99  2/1/29  2627.72  3/1/99       400000   400000.00       399663.95
27645589  78.4   7.25     3/1/99  2/1/29   2223.9  3/1/99       326000   326000.00       325745.68
27647874  80.0   7.25     3/1/99  2/1/29  2373.98  3/1/99       348000   348000.00       347728.52
27650571  79.8   7.25     4/1/99  3/1/29  2686.42  3/1/99       393800   393800.00       393800.00
27650886  67.7   7.25     3/1/99  2/1/29  3431.35  3/1/99       503000   502607.61       502607.61
27650969  74.4  7.375     3/1/99  2/1/29  2223.98  3/1/99       322000   322000.00       321754.98
27650977  76.3  7.375     3/1/99  2/1/29  2106.56  3/1/99       305000   305000.00       304767.92
27653039  54.4      7     4/1/99  3/1/29  2534.81  3/1/99       381000   381000.00       381000.00
27653989  75.0    6.5     3/1/99  2/1/29  3223.55  3/1/99       510000   510000.00       509538.95
27654367  80.0   7.25     3/1/99  2/1/29  1850.07  3/1/99       271200   271200.00       270988.43
27655208  75.0  6.875     3/1/99  2/1/29  2049.62  3/1/99       312000   312000.00       311737.88
27656362  75.0      7     3/1/99  2/1/29  1671.58  3/1/99       251250   251250.00       251044.05
27658004  79.5      7     3/1/99  2/1/29  1800.65  3/1/99       270650   270650.00       270428.14
27658178  55.7   7.25     4/1/99  3/1/19  2129.24  3/1/99       269395   269395.00       269395.00
27659028  37.9  7.375     3/1/99  2/1/29  2002.96  3/1/99       290000   290000.00       289779.33
27659325  78.1  7.375     3/1/99  2/1/29  2237.79  3/1/99       324000   324000.00       323753.46
27661693  80.0   6.75     3/1/99  2/1/29  1815.43  3/1/99       279900   279900.00       279659.01
27662543  64.0   6.75     3/1/99  2/1/29  2075.52  3/1/99       320000   320000.00       319724.48
27662964  77.1  7.375     3/1/99  2/1/29   1837.2  3/1/99       266000   266000.00       265797.59
27664903  64.2  6.875     3/1/99  2/1/29  3284.65  3/1/99       500000   500000.00       499579.93
27665967  80.0  6.875     3/1/99  2/1/29  3205.82  3/1/99       488000   488000.00       487590.01
27667575  80.0  7.125     3/1/99  2/1/29  2193.63  3/1/99       325600   325600.00       325339.62
27667963  64.2   7.25     3/1/99  2/1/29  2312.58  3/1/99       339000   339000.00       338735.55
27668086  75.0    7.5     3/1/99  2/1/29  2726.94  3/1/99       390000   390000.00       389710.56
27668243  88.5   7.25     3/1/99  2/1/29   2264.9  3/1/99       332010   332010.00       331750.99
27668938  64.6  7.375     3/1/99  2/1/29   1807.5  3/1/99       261700   261700.00       261500.86
27670991  55.6  7.375     4/1/99  3/1/29  3016.87  3/1/99       436800   436800.00       436800.00
27672989  80.0  7.125     4/1/99  3/1/29  2128.96  3/1/99       316000   316000.00       316000.00
27673326  64.3  7.125     3/1/99  2/1/29  1819.05  3/1/99       270000   270000.00       269784.08
27674670  32.4   6.25     3/1/99  2/1/29  1847.16  3/1/99       300000   300000.00       299715.34
27675859  79.2      7     4/1/99  3/1/29  2714.44  3/1/99       408000   408000.00       408000.00
27677392  59.8  7.125     3/1/99  2/1/29  2007.69  3/1/99       298000   298000.00       297761.69
27679265  50.7  7.375     3/1/99  2/1/29   1837.2  3/1/99       266000   265534.79       265534.79
27679562  80.0      7     3/1/99  2/1/29  1700.52  3/1/99       255600   255600.00       255390.48
27679729  68.7   7.25     3/1/99  2/1/29  2865.15  3/1/99       420000   420000.00       419672.35
27679869  80.0  6.875     3/1/99  2/1/29  2879.32  3/1/99       438300   438300.00       437931.77
27680545  57.1  7.375     3/1/99  2/1/29  3556.98  3/1/99       515000   515000.00       514608.12
27681998  80.0   7.25     3/1/99  2/1/29  1860.98  3/1/99       272800   272587.19       272587.19
27684059  69.6   6.75     4/1/99  3/1/29   2685.2  3/1/99       414000   414000.00       414000.00
27686187  74.4   7.25     3/1/99  2/1/29  2182.97  3/1/99       320000   320000.00       319750.36
27686617  80.0      7     3/1/99  2/1/29  1926.72  3/1/99       289600   289600.00       289362.61
27687524  69.3    7.5     3/1/99  2/1/29  1985.77  3/1/99       284000   284000.00       283789.23
27688506  64.6  7.375     3/1/99  2/1/29  2324.13  3/1/99       336500   336500.00       336243.94
27689835  69.4  6.875     4/1/99  3/1/29  2102.18  3/1/99       320000   320000.00       320000.00
27692623  80.0   7.25     3/1/99  2/1/29  4027.57  3/1/99       590400   589401.32       588934.72
27692755  78.8      7     3/1/99  2/1/29  2122.32  3/1/99       319000   319000.00       318738.51
27694215  62.8  6.875     3/1/99  2/1/29   1691.6  3/1/99       257500   257283.66       257283.66
27695642  54.5   6.75     4/1/99  3/1/29   1945.8  3/1/99       300000   300000.00       300000.00
27696251  80.0   7.25     4/1/99  3/1/29  4338.65  3/1/99       636000   636000.00       636000.00
27698273  62.8   7.25     3/1/99  2/1/29  1841.88  3/1/99       270000   270000.00       269789.37
27698646  73.4   7.25     4/1/99  3/1/29  2878.79  3/1/99       422000   422000.00       422000.00
27700517  62.7  7.125     3/1/99  2/1/29  3334.91  3/1/99       495000   495000.00       494604.15
27702125  70.0  7.375     4/1/99  3/1/29  3524.52  3/1/99       510300   510300.00       510300.00
27704204  80.0      7     3/1/99  2/1/29  2208.81  3/1/99       332000   332000.00       331727.86
27704600  75.0    7.5     3/1/99  2/1/29  2150.09  3/1/99       307500   307500.00       307271.79
27704618  58.8  7.375     3/1/99  2/1/29  2436.71  3/1/99       352800   352800.00       352531.54
27705276  76.5  7.125     4/1/99  3/1/29  3503.34  3/1/99       520000   520000.00       520000.00
27705912  63.2  6.875     3/1/99  2/1/29  2535.75  3/1/99       386000   386000.00       385675.71
27707470  37.5  7.375     4/1/99  3/1/29  3515.54  3/1/99       509000   509000.00       509000.00
27709716  75.4  6.625     3/1/99  2/1/29  1664.81  3/1/99       260000   260000.00       259770.61
27712348  35.8      7     3/1/99  2/1/29  1848.22  3/1/99       277800   277800.00       277572.28
27712843  46.7    6.5     3/1/99  2/1/29  2212.24  3/1/99       350000   349683.59       349683.59
27713049  59.5      7     4/1/99  3/1/29   2295.3  3/1/99       345000   345000.00       345000.00
27716323  80.0   6.75     4/1/99  3/1/29  1701.93  3/1/99       262400   262400.00       262400.00
27716729  80.0  7.125     3/1/99  2/1/29  3274.95  3/1/99       486100   486100.00       485711.27
27718469  21.8  7.125     4/1/99  3/1/29  2344.55  3/1/99       348000   348000.00       348000.00
27719129  57.4      7     4/1/99  3/1/29  1909.42  3/1/99       287000   287000.00       287000.00
27721075  80.0      7     3/1/99  2/1/29  3699.09  3/1/99       556000   556000.00       555544.24
27722610  43.9  7.375     3/1/99  2/1/29  3028.62  3/1/99       438500   438500.00       438166.33
27722800  69.7  7.375     3/1/99  2/1/29  2334.49  3/1/99       338000   338000.00       337742.80
27724004  69.0      7     3/1/99  2/1/29  3579.33  3/1/99       538000   538000.00       537559.00
27725803  50.0    6.5     4/1/99  3/1/29  2212.24  3/1/99       350000   350000.00       350000.00
27726017  67.5  6.625     4/1/99  3/1/29  1728.84  3/1/99       270000   270000.00       270000.00
27726751  61.7   6.75     4/1/99  3/1/29  2122.22  3/1/99       327200   327200.00       327200.00
27729532  70.0   7.25     3/1/99  2/1/29  4249.96  3/1/99       623000   622266.50       622266.50
27730381  60.8   7.25     4/1/99  3/1/29  2735.53  3/1/99       401000   401000.00       401000.00
27730498  80.0      7     3/1/99  2/1/29  2262.03  3/1/99       340000   340000.00       339721.30
27737030  69.6  7.125     4/1/99  3/1/29  3072.16  3/1/99       456000   456000.00       456000.00
27737097  74.8  7.375     3/1/99  2/1/29  4337.44  3/1/99       628000   628000.00       627522.14
27737204  69.6   7.25     3/1/99  2/1/29  2421.73  3/1/99       355000   355000.00       354723.06
27738822  38.4      7     3/1/99  2/1/29  2552.77  3/1/99       383700   383700.00       383385.48
27739150  63.2      7     3/1/99  2/1/29  1899.44  3/1/99       285500   285500.00       285265.98
27742352  74.8  7.375     3/1/99  2/1/29  2065.12  3/1/99       299000   299000.00       298772.48
27743046  77.8      7     4/1/99  3/1/29  2328.56  3/1/99       350000   350000.00       350000.00
27744036  65.0   7.25     4/1/99  3/1/29  4434.15  3/1/99       650000   650000.00       650000.00
27744275  74.9   7.25     3/1/99  2/1/29  2278.47  3/1/99       334000   334000.00       333739.45
27744861  69.4   7.25     4/1/99  3/1/29  2510.41  3/1/99       368000   368000.00       368000.00
27745082  62.4      7     4/1/99  3/1/29  2741.05  3/1/99       412000   412000.00       412000.00
27745504  61.4   7.25     4/1/99  3/1/29  2026.07  3/1/99       297000   297000.00       297000.00
27745660  75.0   7.25     4/1/99  3/1/29  2839.56  3/1/99       416250   416250.00       416250.00
27746239  74.5   7.25     3/1/99  2/1/29  2387.62  3/1/99       350000   350000.00       349726.96
27746460  73.6   7.25     4/1/99  3/1/29  1807.77  3/1/99       265000   265000.00       265000.00
27749357  39.0  6.625     3/1/99  2/1/29  2996.66  3/1/99       468000   468000.00       467587.09
27752070  74.1      7     4/1/99  3/1/29  1995.91  3/1/99       300000   300000.00       300000.00
27753516  90.0   7.25     3/1/99  2/1/29  1995.37  3/1/99       292500   292500.00       292271.82
27758499  54.1  6.875     4/1/99  3/1/29  3941.58  3/1/99       600000   600000.00       600000.00
27762293  76.3  7.125     3/1/99  2/1/29  2411.92  3/1/99       358000   358000.00       357713.71
27762806  54.0  6.875     4/1/99  3/1/29  1708.02  3/1/99       260000   260000.00       260000.00
30005151  80.0  7.625     3/1/99  2/1/29  2893.47  3/1/99       408800   408800.00       408504.11

                                                          Total Loans                         1220
                                                          Sched UPB                $416,136,320.09
                                                          WAC                                7.184
                                                          WAM                                357.3
                                                          WOLTV                               72.4
                                                          WCLTV                               72.3

                                                                [Download Table]

LOAN#       PURP         DOC            APPRAISAL    RTRM     CLTV
-----       ----         ---            ---------    ----     ----
                                                                  
22507339    R/T REFI     FULL/ALT          345000     359     78.1
22663801    R/T REFI     FULL/ALT          355000     359     78.6
22670293    PURCH        FULL/ALT          436000     359     80.0
22678528    R/T REFI     FULL/ALT          430000     359     80.0
22685754    C/O REFI     FULL/ALT          525000     359     70.0
22688923    PURCH        FULL/ALT          335000     359     87.8
22703557    C/O REFI     FULL/ALT          384000     359     65.1
22706832    R/T REFI     FULL/ALT          513000     299     75.0
22710305    R/T REFI     FULL/ALT          423000     360     75.7
22713101    PURCH        FULL/ALT          541000     359     71.4
22716716    PURCH        FULL/ALT          400000     359     80.0
22720163    R/T REFI     FULL/ALT          525000     359     48.1
22720767    PURCH        FULL/ALT          400000     359     90.0
22720908    PURCH        FULL/ALT          455000     359     80.0
22725253    R/T REFI     FULL/ALT          380000     299     75.0
22725626    R/T REFI     FULL/ALT          490000     360     59.8
22731012    R/T REFI     FULL/ALT          745000     357     64.0
22732382    R/T REFI     FULL/ALT          580000     360     67.8
22737175    R/T REFI     FULL/ALT          600000     359     78.5
22737837    R/T REFI     FULL/ALT          382000     239     78.0
22745913    R/T REFI     FULL/ALT          440000     359     63.6
22746101    PURCH        FULL/ALT          390000     359     80.0
22746515    PURCH        FULL/ALT          525000     359     79.9
22748552    C/O REFI     FULL/ALT          540000     359     66.7
22749535    PURCH        FULL/ALT          380000     359     80.0
22750491    R/T REFI     FULL/ALT          675000     359     71.0
22780563    PURCH        FULL/ALT          750000     359     49.0
27646785    R/T REFI     FULL/ALT          400000     360     65.0
27670686    PURCH        FULL/ALT          285000     360     90.0
27671932    PURCH        FULL/ALT          337000     360     80.0
27678481    PURCH        FULL/ALT          370000     360     80.0
27746155    PURCH        FULL/ALT          480000     360     80.0
27761857    R/T REFI     FULL/ALT          412000     360     80.0
21807797    R/T REFI     FULL/ALT          575000     358     77.3
21884051    PURCH        FULL/ALT         1525000     359     42.9
21922505    R/T REFI     FULL/ALT          298000     351     79.5
21982400    PURCH        FULL/ALT          350000     358     79.9
22038095    PURCH        FULL/ALT          485511     359     80.0
22059000    PURCH        FULL/ALT          274000     359     94.9
22063929    PURCH        FULL/ALT          305000     358     89.8
22094742    PURCH        FULL/ALT          270000     358     94.8
22105514    PURCH        FULL/ALT          380000     358     79.9
22169361    PURCH        FULL/ALT          325000     358     89.8
22172654    R/T REFI     FULL/ALT          365000     358     70.1
22204317    R/T REFI     FULL/ALT          475000     358     61.2
22226146    PURCH        FULL/ALT          339000     358     79.8
22286355    PURCH        FULL/ALT          320000     369     79.9
22303101    C/O REFI     FULL/ALT          415000     357     74.9
22307177    R/T REFI     FULL/ALT          525000     359     65.7
22310882    PURCH        FULL/ALT          323000     357     92.7
22317622    C/O REFI     FULL/ALT          630000     358     45.1
22321632    PURCH        FULL/ALT          254000     357     94.9
22326037    R/T REFI     FULL/ALT          300000     357     78.0
22327845    R/T REFI     FULL/ALT          502000     238     74.9
22339584    R/T REFI     FULL/ALT          790000     359     76.8
22360416    R/T REFI     FULL/ALT          600000     359     59.2
22373906    R/T REFI     FULL/ALT          335000     358     79.2
22375711    PURCH        FULL/ALT          512000     356     79.8
22378905    R/T REFI     FULL/ALT          460000     356     72.0
22385124    PURCH        FULL/ALT          470000     357     79.8
22394308    R/T REFI     FULL/ALT          875000     238     39.9
22395271    R/T REFI     FULL/ALT          450000     358     74.9
22395693    R/T REFI     FULL/ALT          316000     358     77.8
22397574    C/O REFI     FULL/ALT          540000     358     61.1
22399497    PURCH        FULL/ALT          452000     358     79.9
22409213    R/T REFI     FULL/ALT          325000     358     88.5
22410807    R/T REFI     FULL/ALT          490000     358     69.3
22411649    C/O REFI     FULL/ALT          600000     358     74.9
22430417    R/T REFI     FULL/ALT          950000     357     48.3
22439178    PURCH        FULL/ALT          287500     358     94.9
22440549    R/T REFI     FULL/ALT          510000     357     78.3
22440622    R/T REFI     FULL/ALT          325000     357     73.7
22440663    R/T REFI     FULL/ALT          481000     357     79.7
22441760    PURCH        FULL/ALT          356000     359     90.0
22442164    R/T REFI     FULL/ALT          680000     358     56.0
22442263    R/T REFI     FULL/ALT          348500     358     79.9
22454342    PURCH        FULL/ALT         1450000     359     55.2
22460695    R/T REFI     FULL/ALT          625000     357     79.9
22466213    PURCH        FULL/ALT          425000     358     79.9
22486120    R/T REFI     FULL/ALT          375000     358     75.3
22489546    PURCH        FULL/ALT          315000     357     89.9
22493878    C/O REFI     FULL/ALT          350000     358     74.9
22495527    PURCH        FULL/ALT          466000     357     79.9
22496434    R/T REFI     FULL/ALT          372000     357     79.8
22498406    R/T REFI     FULL/ALT          320000     357     79.9
22499461    R/T REFI     FULL/ALT          728000     358     61.5
22499750    R/T REFI     FULL/ALT          400000     358     62.5
22499875    R/T REFI     FULL/ALT         1000000     357     42.1
22500045    C/O REFI     FULL/ALT          480000     358     69.7
22500342    PURCH        FULL/ALT          575000     358     79.9
22500433    R/T REFI     FULL/ALT          356000     358     75.0
22500599    PURCH        FULL/ALT          325000     358     79.9
22500987    PURCH        FULL/ALT          780000     358     65.6
22502876    R/T REFI     FULL/ALT          405000     357     89.5
22503387    PURCH        FULL/ALT          274000     357     94.9
22504914    PURCH        FULL/ALT          475000     358     69.1
22507248    PURCH        FULL/ALT          610000     358     79.9
22509723    R/T REFI     FULL/ALT          340000     358     71.4
22514939    R/T REFI     FULL/ALT          350000     358     79.9
22517031    R/T REFI     FULL/ALT          530000     359     74.7
22519052    C/O REFI     FULL/ALT          379000     358     68.5
22521272    R/T REFI     FULL/ALT          440000     358     74.2
22521751    R/T REFI     FULL/ALT          500000     358     75.9
22521769    R/T REFI     FULL/ALT          425000     358     74.6
22522536    R/T REFI     FULL/ALT          420000     358     74.9
22522957    R/T REFI     FULL/ALT          325000     358     76.3
22523047    R/T REFI     FULL/ALT          850000     358     76.4
22524565    R/T REFI     FULL/ALT          325000     357     79.7
22526503    R/T REFI     FULL/ALT          360000     359     75.0
22529119    PURCH        FULL/ALT          414000     357     57.9
22530547    PURCH        FULL/ALT          382000     357     89.8
22531842    PURCH        FULL/ALT          300000     358     94.7
22532683    R/T REFI     FULL/ALT          348000     358     79.8
22532816    PURCH        FULL/ALT          375500     357     74.8
22533012    R/T REFI     FULL/ALT          738000     358     64.4
22535199    C/O REFI     FULL/ALT          950000     358     42.1
22536700    R/T REFI     FULL/ALT          460000     359     65.0
22538185    PURCH        FULL/ALT          455000     358     54.9
22538516    R/T REFI     FULL/ALT          990000     358     65.6
22538656    C/O REFI     FULL/ALT          394500     298     70.1
22538961    PURCH        FULL/ALT          300000     357     89.9
22540025    C/O REFI     FULL/ALT          700000     357     57.1
22541288    R/T REFI     FULL/ALT          515000     358     67.0
22544308    R/T REFI     FULL/ALT          545000     358     73.5
22545792    PURCH        FULL/ALT          192000     358     79.9
22545842    PURCH        FULL/ALT          130000     357     79.8
22546097    PURCH        FULL/ALT          442000     357     79.9
22546329    C/O REFI     FULL/ALT          397000     358     74.9
22548002    PURCH        FULL/ALT          429000     358     79.9
22549281    R/T REFI     FULL/ALT          590000     358     77.6
22549679    PURCH        FULL/ALT          396000     358     71.1
22549893    R/T REFI     FULL/ALT          400000     358     77.4
22551402    R/T REFI     FULL/ALT          550000     357     77.2
22551428    C/O REFI     FULL/ALT          415000     358     74.8
22552087    R/T REFI     FULL/ALT          643000     358     74.9
22552186    PURCH        FULL/ALT          267500     358     94.9
22552723    PURCH        FULL/ALT          249000     358     94.6
22552822    PURCH        FULL/ALT          313000     358     79.9
22553317    PURCH        FULL/ALT          580000     358     79.9
22556872    PURCH        FULL/ALT          290000     357     83.9
22557433    PURCH        FULL/ALT          600000     357     73.0
22558456    R/T REFI     FULL/ALT          735000     357     79.9
22558613    R/T REFI     FULL/ALT          315000     358     85.2
22558647    R/T REFI     FULL/ALT          260000     357     89.6
22558977    R/T REFI     FULL/ALT          745000     359     71.4
22559728    R/T REFI     FULL/ALT          810000     358     74.9
22560312    R/T REFI     FULL/ALT          303000     359     90.0
22561021    PURCH        FULL/ALT          390000     357     79.8
22561724    PURCH        FULL/ALT          415000     358     79.9
22564108    PURCH        FULL/ALT          333000     358     79.9
22564579    PURCH        FULL/ALT          253000     358     94.9
22569065    PURCH        FULL/ALT          318000     357     79.9
22570089    PURCH        FULL/ALT          305000     358     94.9
22570329    R/T REFI     FULL/ALT          625000     357     73.3
22571236    PURCH        FULL/ALT          499200     358     79.9
22571590    PURCH        FULL/ALT          335000     358     94.9
22571871    R/T REFI     FULL/ALT          475000     358     56.0
22571947    PURCH        FULL/ALT          670000     358     79.9
22571954    C/O REFI     FULL/ALT          450000     358     79.9
22572051    PURCH        FULL/ALT          460000     357     79.7
22572226    PURCH        FULL/ALT          572500     358     78.9
22572358    R/T REFI     FULL/ALT          460000     357     76.0
22572721    R/T REFI     FULL/ALT          320000     358     89.9
22573026    PURCH        FULL/ALT          492000     358     79.9
22573075    PURCH        FULL/ALT          330000     358     75.6
22573323    R/T REFI     FULL/ALT          360000     358     78.7
22574404    PURCH        FULL/ALT          292000     358     94.9
22574545    PURCH        FULL/ALT          460000     358     66.1
22575484    R/T REFI     FULL/ALT          452000     358     79.9
22576318    PURCH        FULL/ALT          290000     357     94.9
22576847    R/T REFI     FULL/ALT          340000     358     89.7
22577191    PURCH        FULL/ALT         1050000     358     70.6
22577290    PURCH        FULL/ALT          385000     358     79.9
22577316    PURCH        FULL/ALT          462000     358     79.9
22577522    R/T REFI     FULL/ALT          395000     358     78.5
22577647    C/O REFI     FULL/ALT          350000     357     74.9
22577696    R/T REFI     FULL/ALT          410000     358     78.5
22578470    PURCH        FULL/ALT          408500     357     74.9
22578553    R/T REFI     FULL/ALT          695000     358     74.6
22578777    C/O REFI     FULL/ALT          625000     359     57.6
22579478    R/T REFI     FULL/ALT          355000     358     77.7
22579767    PURCH        FULL/ALT          298000     357     79.9
22579916    R/T REFI     FULL/ALT          425000     357     85.6
22580500    PURCH        FULL/ALT          345000     358     79.9
22581268    PURCH        FULL/ALT          314000     358     94.9
22581292    C/O REFI     FULL/ALT          415000     358     74.8
22581417    PURCH        FULL/ALT          312000     358     89.9
22581532    PURCH        FULL/ALT          425000     357     79.9
22581896    PURCH        FULL/ALT          325000     358     79.9
22581995    PURCH        FULL/ALT          330000     357     89.9
22582274    PURCH        FULL/ALT          620000     358     75.5
22582290    R/T REFI     FULL/ALT          403000     299     75.8
22585186    PURCH        FULL/ALT          292000     358     79.9
22585491    PURCH        FULL/ALT          423000     357     67.3
22586150    PURCH        FULL/ALT          318000     358     94.9
22586192    PURCH        FULL/ALT          344000     358     79.9
22587091    PURCH        FULL/ALT          410000     357     79.8
22587729    R/T REFI     FULL/ALT          268000     357     88.7
22588438    R/T REFI     FULL/ALT          360000     358     71.9
22589253    PURCH        FULL/ALT          350000     358     79.9
22589337    R/T REFI     FULL/ALT          355000     357     79.9
22589550    PURCH        FULL/ALT          365000     359     80.0
22590004    PURCH        FULL/ALT          293000     358     89.4
22590012    PURCH        FULL/ALT          281500     357     94.9
22590160    C/O REFI     FULL/ALT          325000     358     74.9
22590566    PURCH        FULL/ALT          385000     358     79.9
22590962    PURCH        FULL/ALT          410000     358     79.9
22591093    PURCH        FULL/ALT          308000     358     79.9
22591200    R/T REFI     FULL/ALT          326000     358     79.7
22591440    R/T REFI     FULL/ALT          440000     358     79.3
22591556    R/T REFI     FULL/ALT          380000     358     78.3
22592364    PURCH        FULL/ALT          315000     358     89.9
22592927    C/O REFI     FULL/ALT          400000     358     74.9
22593065    PURCH        FULL/ALT          838000     357     78.0
22593156    C/O REFI     FULL/ALT          650000     358     50.0
22593545    PURCH        FULL/ALT          310000     358     79.9
22594204    R/T REFI     FULL/ALT         1650000     358     22.4
22594733    PURCH        FULL/ALT          400000     358     87.6
22594964    R/T REFI     FULL/ALT         1350000     357     37.0
22595045    PURCH        FULL/ALT          780000     359     79.9
22595193    PURCH        FULL/ALT          767000     358     79.9
22595359    PURCH        FULL/ALT          335000     358     79.9
22595391    PURCH        FULL/ALT          508000     357     79.9
22595888    R/T REFI     FULL/ALT          455000     357     79.9
22595912    C/O REFI     FULL/ALT          700000     357     49.2
22596118    PURCH        FULL/ALT          379950     357     79.8
22596209    PURCH        FULL/ALT          425000     358     79.9
22596886    R/T REFI     FULL/ALT          392000     358     79.9
22596951    R/T REFI     FULL/ALT          355000     358     83.6
22597181    C/O REFI     FULL/ALT          775000     358     69.1
22597504    R/T REFI     FULL/ALT         1010000     358     45.0
22597975    R/T REFI     FULL/ALT          400000     358     70.7
22598098    R/T REFI     FULL/ALT          361000     357     74.1
22598106    R/T REFI     FULL/ALT          315000     358     77.3
22598544    R/T REFI     FULL/ALT          415000     358     79.9
22598569    C/O REFI     FULL/ALT          675000     358     64.4
22598700    R/T REFI     FULL/ALT          325000     358     81.4
22598759    PURCH        FULL/ALT          380000     357     79.9
22598965    PURCH        FULL/ALT          415000     357     79.9
22599260    R/T REFI     FULL/ALT          615000     359     56.7
22599294    R/T REFI     FULL/ALT          530000     359     76.3
22599310    R/T REFI     FULL/ALT          760000     358     52.6
22599674    R/T REFI     FULL/ALT          600000     359     78.8
22599872    PURCH        FULL/ALT          540000     358     62.5
22599906    PURCH        FULL/ALT          419000     358     76.0
22600217    PURCH        FULL/ALT          248000     358     94.9
22600407    PURCH        FULL/ALT          400000     357     65.6
22600597    PURCH        FULL/ALT          470000     358     42.3
22600712    C/O REFI     FULL/ALT          530000     358     47.2
22600860    R/T REFI     FULL/ALT          450000     358     79.9
22601025    R/T REFI     FULL/ALT          480000     358     72.9
22601173    R/T REFI     FULL/ALT          355000     358     76.8
22601298    C/O REFI     FULL/ALT          345000     358     74.9
22601306    R/T REFI     FULL/ALT          350000     358     77.3
22603021    R/T REFI     FULL/ALT          840000     358     58.9
22603161    PURCH        FULL/ALT          375000     357     79.9
22603427    R/T REFI     FULL/ALT          333000     359     76.7
22603765    R/T REFI     FULL/ALT          360000     358     79.1
22604250    PURCH        FULL/ALT          544000     357     79.9
22604359    C/O REFI     FULL/ALT          405000     359     75.0
22604383    PURCH        FULL/ALT          355000     358     79.9
22604441    PURCH        FULL/ALT          345000     358     94.9
22604896    PURCH        FULL/ALT          446500     358     79.9
22604979    PURCH        FULL/ALT          652000     357     68.2
22604995    PURCH        FULL/ALT          596000     357     79.9
22605091    PURCH        FULL/ALT          400000     359     79.9
22605133    PURCH        FULL/ALT          540000     358     79.9
22605513    R/T REFI     FULL/ALT          540000     358     69.7
22605539    PURCH        FULL/ALT          350000     359     79.9
22605562    PURCH        FULL/ALT          519000     357     79.9
22605901    PURCH        FULL/ALT          340000     357     79.8
22606214    PURCH        FULL/ALT          476000     358     79.9
22606289    PURCH        FULL/ALT          270000     358     89.8
22606404    PURCH        FULL/ALT          330000     358     79.9
22606651    C/O REFI     FULL/ALT          602000     359     69.9
22606735    PURCH        FULL/ALT          355000     358     79.9
22607329    R/T REFI     FULL/ALT          370000     358     78.0
22607428    R/T REFI     FULL/ALT          500000     358     53.5
22607444    R/T REFI     FULL/ALT          645000     359     47.3
22607592    PURCH        FULL/ALT          290000     358     89.9
22608228    R/T REFI     FULL/ALT          480000     358     70.6
22608798    R/T REFI     FULL/ALT          425000     358     69.6
22609317    C/O REFI     FULL/ALT          450000     358     74.9
22609861    PURCH        FULL/ALT          269500     357     79.9
22610968    PURCH        FULL/ALT          520000     359     54.0
22611040    PURCH        FULL/ALT          450000     358     79.4
22611644    PURCH        FULL/ALT          425000     358     64.6
22611685    PURCH        FULL/ALT          359000     358     79.9
22612253    R/T REFI     FULL/ALT          401750     359     69.9
22612279    PURCH        FULL/ALT          750000     358     79.9
22612303    PURCH        FULL/ALT          350000     359     90.0
22612345    C/O REFI     FULL/ALT          405000     358     66.6
22612386    R/T REFI     FULL/ALT          351000     359     89.7
22612469    PURCH        FULL/ALT          320000     359     90.0
22612733    PURCH        FULL/ALT          490000     358     79.9
22613186    PURCH        FULL/ALT          300000     358     89.9
22613418    R/T REFI     FULL/ALT          280000     359     90.0
22613475    PURCH        FULL/ALT          361000     358     79.9
22613491    R/T REFI     FULL/ALT          390000     359     74.8
22613830    PURCH        FULL/ALT          268000     358     94.9
22614267    PURCH        FULL/ALT          445000     358     70.7
22614416    R/T REFI     FULL/ALT         1140000     358     67.5
22614754    R/T REFI     FULL/ALT          385000     358     62.6
22614796    R/T REFI     FULL/ALT          453000     358     72.0
22615017    PURCH        FULL/ALT          407000     358     79.9
22615108    PURCH        FULL/ALT          775000     358     46.3
22615124    PURCH        FULL/ALT          325000     358     79.9
22615421    PURCH        FULL/ALT          700000     359     80.0
22616114    PURCH        FULL/ALT          650000     358     76.7
22616338    PURCH        FULL/ALT          274000     358     94.9
22616700    PURCH        FULL/ALT          500000     358     79.9
22617054    PURCH        FULL/ALT          460000     358     84.9
22617161    R/T REFI     FULL/ALT          335000     358     74.6
22617179    PURCH        FULL/ALT          374000     357     79.9
22617302    R/T REFI     FULL/ALT          480000     358     64.5
22617310    R/T REFI     FULL/ALT          353000     358     79.3
22617716    PURCH        FULL/ALT          317000     358     79.9
22617773    PURCH        FULL/ALT          374000     357     79.8
22618011    R/T REFI     FULL/ALT          467000     355     69.8
22618029    C/O REFI     FULL/ALT          375000     358     74.1
22618128    PURCH        FULL/ALT          289000     358     94.9
22618219    C/O REFI     FULL/ALT          845000     358     71.2
22618268    PURCH        FULL/ALT          591000     341     46.1
22618888    R/T REFI     FULL/ALT          366000     357     84.9
22619282    PURCH        FULL/ALT          540000     359     80.0
22619498    PURCH        FULL/ALT          400000     358     78.7
22619860    R/T REFI     FULL/ALT          365000     358     79.9
22620637    PURCH        FULL/ALT          498500     358     55.6
22620884    C/O REFI     FULL/ALT          410000     358     74.9
22621031    R/T REFI     FULL/ALT          475000     359     77.5
22621056    C/O REFI     FULL/ALT          410000     358     73.1
22621395    PURCH        FULL/ALT          480000     358     79.9
22621510    PURCH        FULL/ALT          545000     358     55.6
22621528    C/O REFI     FULL/ALT         1200000     358     40.4
22621775    C/O REFI     FULL/ALT          430000     358     74.9
22621866    C/O REFI     FULL/ALT          500000     358     57.4
22622096    PURCH        FULL/ALT          385000     358     71.2
22622195    PURCH        FULL/ALT          369000     358     72.8
22622476    R/T REFI     FULL/ALT          443000     358     79.9
22622484    PURCH        FULL/ALT          400000     358     72.4
22622492    C/O REFI     FULL/ALT          350000     358     74.9
22622690    R/T REFI     FULL/ALT          383000     358     68.7
22623144    PURCH        FULL/ALT          335000     358     79.6
22623151    PURCH        FULL/ALT          311000     358     79.9
22623185    PURCH        FULL/ALT          400000     358     73.7
22623243    PURCH        FULL/ALT          325000     358     84.5
22623250    R/T REFI     FULL/ALT          450000     359     73.3
22623292    PURCH        FULL/ALT          315000     358     85.6
22623524    C/O REFI     FULL/ALT          400000     358     70.5
22623540    PURCH        FULL/ALT          325000     358     79.9
22623631    PURCH        FULL/ALT          330000     358     79.9
22623755    R/T REFI     FULL/ALT          450000     239     66.7
22624118    R/T REFI     FULL/ALT          760000     358     78.8
22624217    PURCH        FULL/ALT          455000     358     75.2
22624324    PURCH        FULL/ALT          430000     358     70.5
22624431    PURCH        FULL/ALT          293000     358     89.9
22624647    R/T REFI     FULL/ALT          830000     359     68.3
22624696    R/T REFI     FULL/ALT          765000     359     36.2
22624795    C/O REFI     FULL/ALT          760000     358     74.9
22625024    R/T REFI     FULL/ALT          355000     358     77.4
22625651    C/O REFI     FULL/ALT          460000     359     71.3
22625974    R/T REFI     FULL/ALT          600000     358     71.6
22626022    R/T REFI     FULL/ALT         1350000     359     39.0
22626105    R/T REFI     FULL/ALT          370000     358     79.9
22626154    R/T REFI     FULL/ALT          314000     358     79.4
22626238    PURCH        FULL/ALT          365000     358     89.9
22626295    C/O REFI     FULL/ALT          405000     358     74.0
22626451    PURCH        FULL/ALT          330000     358     89.9
22626469    PURCH        FULL/ALT          745000     358     38.1
22626584    R/T REFI     FULL/ALT          450000     359     72.2
22626667    C/O REFI     FULL/ALT          615000     359     53.6
22626733    PURCH        FULL/ALT          475000     359     58.6
22626873    R/T REFI     FULL/ALT          625000     357     70.5
22626907    R/T REFI     FULL/ALT          646000     359     59.5
22627160    R/T REFI     FULL/ALT          410000     358     60.7
22627384    R/T REFI     FULL/ALT          585000     358     79.9
22627574    PURCH        FULL/ALT          400000     358     62.4
22627830    PURCH        FULL/ALT          342000     358     79.9
22627848    R/T REFI     FULL/ALT          707000     358     74.9
22627855    R/T REFI     FULL/ALT          486000     358     79.9
22628473    PURCH        FULL/ALT          559000     358     79.9
22628507    PURCH        FULL/ALT          595000     358     79.2
22628549    C/O REFI     FULL/ALT          500000     358     59.0
22628580    R/T REFI     FULL/ALT          685000     358     47.4
22628713    PURCH        FULL/ALT          639000     358     79.9
22628739    C/O REFI     FULL/ALT          525000     358     63.3
22628754    R/T REFI     FULL/ALT          375000     358     73.3
22628879    PURCH        FULL/ALT          350000     358     77.5
22628945    PURCH        FULL/ALT          400000     358     79.9
22629042    R/T REFI     FULL/ALT          425000     358     74.9
22629570    PURCH        FULL/ALT          489000     358     79.9
22630123    PURCH        FULL/ALT          686500     359     80.0
22630388    C/O REFI     FULL/ALT          485000     358     56.7
22630503    R/T REFI     FULL/ALT          630000     359     64.2
22630750    PURCH        FULL/ALT          372000     358     89.9
22630883    PURCH        FULL/ALT          330000     358     91.3
22631014    C/O REFI     FULL/ALT          400000     358     66.4
22631287    R/T REFI     FULL/ALT          380000     357     79.9
22631295    R/T REFI     FULL/ALT          950000     358     59.7
22631394    R/T REFI     FULL/ALT          450000     358     88.2
22631519    C/O REFI     FULL/ALT          595000     358     48.7
22631550    R/T REFI     FULL/ALT          375000     358     81.4
22631873    R/T REFI     FULL/ALT          580000     358     71.7
22631980    C/O REFI     FULL/ALT          460000     358     72.8
22632434    C/O REFI     FULL/ALT          435000     358     74.9
22632475    PURCH        FULL/ALT          495000     358     80.1
22632608    R/T REFI     FULL/ALT          425000     358     70.5
22632616    PURCH        FULL/ALT          318000     358     79.9
22632657    R/T REFI     FULL/ALT          475000     359     74.9
22632673    PURCH        FULL/ALT          420000     358     79.9
22633267    R/T REFI     FULL/ALT          545000     359     61.8
22633325    PURCH        FULL/ALT          285000     358     94.9
22633465    C/O REFI     FULL/ALT          750000     358     67.9
22633911    C/O REFI     FULL/ALT          448000     358     73.6
22634497    PURCH        FULL/ALT          366000     358     79.8
22634687    C/O REFI     FULL/ALT          580000     358     74.9
22634711    R/T REFI     FULL/ALT          420000     358     76.6
22634778    PURCH        FULL/ALT          375000     358     89.7
22635239    R/T REFI     FULL/ALT          390000     358     66.6
22635262    PURCH        FULL/ALT          540000     359     80.0
22635395    R/T REFI     FULL/ALT          580000     358     66.2
22635460    C/O REFI     FULL/ALT          545000     358     73.3
22636955    R/T REFI     FULL/ALT         1100000     359     52.0
22637037    PURCH        FULL/ALT          390000     358     79.9
22637128    R/T REFI     FULL/ALT          507000     359     68.7
22637276    PURCH        FULL/ALT          670000     358     79.9
22637656    C/O REFI     FULL/ALT          405000     358     66.9
22637680    PURCH        FULL/ALT          365000     358     79.4
22638126    PURCH        FULL/ALT          584000     359     80.0
22638258    R/T REFI     FULL/ALT          460000     358     86.0
22638316    R/T REFI     FULL/ALT          415000     358     68.8
22638746    PURCH        FULL/ALT          467000     357     79.8
22638761    PURCH        FULL/ALT          382000     357     79.8
22638787    PURCH        FULL/ALT          393000     357     79.9
22638811    C/O REFI     FULL/ALT          420000     358     70.5
22639330    PURCH        FULL/ALT          370000     358     79.9
22639538    R/T REFI     FULL/ALT          439000     358     73.7
22639983    C/O REFI     FULL/ALT          745000     359     65.8
22640668    R/T REFI     FULL/ALT          655000     358     67.2
22640924    R/T REFI     FULL/ALT          455000     359     80.0
22641138    PURCH        FULL/ALT          408000     359     79.9
22641435    PURCH        FULL/ALT          385000     358     79.9
22641443    R/T REFI     FULL/ALT          360000     358     78.2
22641666    PURCH        FULL/ALT          462000     358     74.8
22641971    PURCH        FULL/ALT          402000     358     89.9
22642151    R/T REFI     FULL/ALT          372000     358     76.7
22642284    R/T REFI     FULL/ALT          840000     358     74.9
22642391    R/T REFI     FULL/ALT          566000     356     52.9
22642441    R/T REFI     FULL/ALT          465000     359     78.9
22642904    PURCH        FULL/ALT          391000     358     87.5
22643639    PURCH        FULL/ALT          670000     358     79.9
22643928    PURCH        FULL/ALT         1200000     358     55.6
22644090    PURCH        FULL/ALT          290000     358     89.9
22644199    PURCH        FULL/ALT          410000     358     79.7
22644272    PURCH        FULL/ALT          325000     357     79.8
22644447    R/T REFI     FULL/ALT          386000     359     79.9
22644504    R/T REFI     FULL/ALT          420000     358     79.9
22644652    R/T REFI     FULL/ALT          340000     358     73.5
22645386    R/T REFI     FULL/ALT          645000     358     46.2
22645717    PURCH        FULL/ALT          397000     358     79.8
22646152    PURCH        FULL/ALT          650000     358     79.9
22646202    PURCH        FULL/ALT          336000     358     79.9
22646210    R/T REFI     FULL/ALT          625000     358     49.0
22646384    R/T REFI     FULL/ALT         2920000     359      8.6
22646756    PURCH        FULL/ALT          415000     359     90.0
22646798    R/T REFI     FULL/ALT          330000     358     74.9
22646863    PURCH        FULL/ALT          387000     238     74.8
22647317    PURCH        FULL/ALT          178000     358     79.9
22647390    PURCH        FULL/ALT          283000     359     90.0
22648166    PURCH        FULL/ALT          476000     358     79.9
22648356    C/O REFI     FULL/ALT          390000     358     66.1
22648505    R/T REFI     FULL/ALT          432000     358     68.2
22648794    C/O REFI     FULL/ALT          376000     358     74.7
22649263    R/T REFI     FULL/ALT          327500     358     79.9
22649354    R/T REFI     FULL/ALT          490000     358     79.1
22649461    PURCH        FULL/ALT          575000     358     70.0
22649669    R/T REFI     FULL/ALT          950000     358     36.8
22649792    R/T REFI     FULL/ALT          328000     358     79.9
22650915    PURCH        FULL/ALT          385000     358     64.9
22651152    PURCH        FULL/ALT          450000     358     79.9
22651228    R/T REFI     FULL/ALT          649000     358     55.4
22651251    PURCH        FULL/ALT          434000     358     79.9
22651327    R/T REFI     FULL/ALT          469000     298     61.2
22651467    PURCH        FULL/ALT          373000     358     79.9
22652176    R/T REFI     FULL/ALT          440000     359     79.9
22652234    R/T REFI     FULL/ALT          410000     358     75.6
22652267    R/T REFI     FULL/ALT          954500     359     68.1
22652341    C/O REFI     FULL/ALT          710000     358     56.3
22652382    PURCH        FULL/ALT          263000     358     94.9
22652747    PURCH        FULL/ALT          361000     358     79.9
22652937    R/T REFI     FULL/ALT          760000     359     65.8
22652960    R/T REFI     FULL/ALT          500000     358     68.4
22653166    C/O REFI     FULL/ALT          530000     358     71.6
22653307    R/T REFI     FULL/ALT          590000     358     42.9
22653810    PURCH        FULL/ALT          434500     358     79.9
22653984    PURCH        FULL/ALT          536000     358     79.9
22654255    PURCH        FULL/ALT          320448     358     79.9
22654446    PURCH        FULL/ALT          416750     358     79.9
22654818    PURCH        FULL/ALT          340000     358     73.2
22654875    PURCH        FULL/ALT          309700     358     83.4
22655112    PURCH        FULL/ALT          385000     358     79.8
22655716    R/T REFI     FULL/ALT          420000     358     79.9
22655732    PURCH        FULL/ALT          394000     359     74.5
22655856    PURCH        FULL/ALT          400000     359     68.6
22656078    C/O REFI     FULL/ALT          360000     358     73.6
22656086    PURCH        FULL/ALT          382000     358     79.9
22656102    PURCH        FULL/ALT          290000     358     89.9
22656128    C/O REFI     FULL/ALT          365000     358     73.9
22656326    PURCH        FULL/ALT          375000     359     80.0
22656359    PURCH        FULL/ALT          370000     358     68.6
22656599    R/T REFI     FULL/ALT          399500     358     79.6
22656672    R/T REFI     FULL/ALT          375000     358     75.4
22656763    R/T REFI     FULL/ALT          945000     358     47.0
22656771    PURCH        FULL/ALT          275000     358     94.9
22656813    PURCH        FULL/ALT          470000     359     80.0
22656847    R/T REFI     FULL/ALT          440000     358     79.3
22656870    R/T REFI     FULL/ALT          624000     358     68.1
22656896    PURCH        FULL/ALT          500000     358     57.0
22657027    PURCH        FULL/ALT          415000     359     80.0
22657134    C/O REFI     FULL/ALT          800000     359     56.3
22657456    R/T REFI     FULL/ALT          439000     358     74.4
22657530    R/T REFI     FULL/ALT          400000     356     76.6
22658009    R/T REFI     FULL/ALT          535000     358     63.3
22658652    R/T REFI     FULL/ALT          415000     359     75.0
22658892    R/T REFI     FULL/ALT          423000     358     75.5
22658983    C/O REFI     FULL/ALT          430000     358     74.9
22659072    PURCH        FULL/ALT          334000     359     80.0
22659189    R/T REFI     FULL/ALT          315000     358     83.7
22659544    R/T REFI     FULL/ALT          515000     359     79.9
22659916    C/O REFI     FULL/ALT         1000000     358     64.9
22659957    R/T REFI     FULL/ALT          315000     358     81.2
22660229    PURCH        FULL/ALT          783000     359     45.1
22660583    R/T REFI     FULL/ALT          335000     358     79.9
22660815    R/T REFI     FULL/ALT          570000     358     48.4
22661243    R/T REFI     FULL/ALT          410000     358     65.8
22661359    R/T REFI     FULL/ALT          355000     359     82.3
22661383    PURCH        FULL/ALT          385000     358     79.9
22661532    PURCH        FULL/ALT          330000     238     79.9
22661763    PURCH        FULL/ALT          460000     359     69.9
22662035    PURCH        FULL/ALT          289000     359     90.0
22662506    R/T REFI     FULL/ALT          442000     359     79.2
22662571    PURCH        FULL/ALT          350000     358     89.9
22662688    PURCH        FULL/ALT          410000     359     75.0
22663116    R/T REFI     FULL/ALT          500000     358     79.9
22663231    R/T REFI     FULL/ALT          565000     358     79.9
22663355    PURCH        FULL/ALT          319000     357     79.8
22663363    PURCH        FULL/ALT          298000     358     94.9
22663397    PURCH        FULL/ALT          280000     358     94.9
22663470    PURCH        FULL/ALT          350000     358     79.9
22663660    R/T REFI     FULL/ALT          405000     359     80.0
22663769    PURCH        FULL/ALT          729000     358     79.9
22663892    R/T REFI     FULL/ALT          745000     358     70.7
22663918    PURCH        FULL/ALT          280000     358     94.8
22664114    PURCH        FULL/ALT          586000     358     79.5
22664148    PURCH        FULL/ALT          468000     358     79.9
22664155    PURCH        FULL/ALT          430000     358     88.1
22664379    C/O REFI     FULL/ALT          550000     359     72.7
22664387    PURCH        FULL/ALT          382000     359     80.0
22664551    PURCH        FULL/ALT          362000     359     80.0
22664619    PURCH        FULL/ALT          440000     358     79.9
22664643    C/O REFI     FULL/ALT         1100000     359     35.3
22664908    R/T REFI     FULL/ALT          575000     359     79.3
22664940    C/O REFI     FULL/ALT          410000     358     74.9
22664981    C/O REFI     FULL/ALT          388000     359     75.0
22665160    R/T REFI     FULL/ALT          357000     358     81.3
22665467    PURCH        FULL/ALT          388000     358     79.9
22665855    R/T REFI     FULL/ALT          375000     359     75.4
22666119    R/T REFI     FULL/ALT          475000     358     84.1
22666291    PURCH        FULL/ALT          173000     358     79.9
22666432    PURCH        FULL/ALT          555000     357     62.0
22666481    PURCH        FULL/ALT          408000     357     79.9
22666523    PURCH        FULL/ALT          305000     357     84.9
22667174    R/T REFI     FULL/ALT          425000     358     69.8
22667265    PURCH        FULL/ALT          400000     358     79.9
22669113    PURCH        FULL/ALT          510000     358     79.9
22669212    R/T REFI     FULL/ALT          475000     358     79.9
22669287    PURCH        FULL/ALT          318000     359     94.3
22669352    R/T REFI     FULL/ALT          525000     358     71.4
22669857    PURCH        FULL/ALT          351500     359     90.0
22669873    PURCH        FULL/ALT          370000     359     79.9
22669964    PURCH        FULL/ALT          430000     359     76.7
22670681    R/T REFI     FULL/ALT          390000     358     82.5
22670822    PURCH        FULL/ALT          343000     359     80.0
22670954    R/T REFI     FULL/ALT          450000     359     79.9
22671267    R/T REFI     FULL/ALT          295000     358     86.4
22671309    R/T REFI     FULL/ALT          410000     358     74.9
22671424    PURCH        FULL/ALT          670000     359     79.9
22671630    R/T REFI     FULL/ALT         1100000     359     30.8
22671721    R/T REFI     FULL/ALT          480000     358     79.6
22671739    R/T REFI     FULL/ALT          380000     358     77.6
22673073    C/O REFI     FULL/ALT          660000     359     57.6
22673289    PURCH        FULL/ALT          395000     358     79.8
22673974    C/O REFI     FULL/ALT          500000     359     59.0
22674493    PURCH        FULL/ALT          570000     359     79.9
22674667    R/T REFI     FULL/ALT          450000     358     67.2
22674774    PURCH        FULL/ALT          293000     358     89.9
22674972    PURCH        FULL/ALT          350000     358     89.9
22675318    R/T REFI     FULL/ALT          290000     358     85.8
22676613    PURCH        FULL/ALT          342000     358     79.9
22676670    PURCH        FULL/ALT          380000     358     79.9
22676761    R/T REFI     FULL/ALT          338000     359     79.6
22677017    C/O REFI     FULL/ALT          440000     358     74.9
22677223    PURCH        FULL/ALT          309000     358     79.9
22677272    PURCH        FULL/ALT          870000     359     77.3
22677785    R/T REFI     FULL/ALT          390000     358     76.5
22677835    PURCH        FULL/ALT          509000     359     80.0
22677926    PURCH        FULL/ALT          355000     358     79.9
22678098    PURCH        FULL/ALT          436000     358     79.9
22678130    R/T REFI     FULL/ALT          338000     359     74.0
22678171    PURCH        FULL/ALT          675000     359     79.9
22678494    PURCH        FULL/ALT          678000     358     79.9
22678635    PURCH        FULL/ALT          428000     358     79.9
22680391    C/O REFI     FULL/ALT         1025000     358     44.4
22681415    R/T REFI     FULL/ALT          640000     359     46.9
22681423    R/T REFI     FULL/ALT          435000     358     75.4
22681571    PURCH        FULL/ALT          267000     358     94.8
22681613    C/O REFI     FULL/ALT          460000     358     73.9
22682231    R/T REFI     FULL/ALT          370000     359     75.0
22682397    R/T REFI     FULL/ALT          370000     358     78.3
22682595    PURCH        FULL/ALT          340000     358     79.9
22683270    PURCH        FULL/ALT          280000     358     94.9
22683387    PURCH        FULL/ALT          380000     358     79.9
22683593    PURCH        FULL/ALT          390000     359     80.0
22683650    PURCH        FULL/ALT          330000     358     79.9
22683676    PURCH        FULL/ALT          530000     358     74.9
22683684    R/T REFI     FULL/ALT          350000     358     73.4
22683817    R/T REFI     FULL/ALT          590000     359     66.8
22683973    R/T REFI     FULL/ALT          720000     359     53.7
22684096    R/T REFI     FULL/ALT          415000     358     79.9
22684187    R/T REFI     FULL/ALT          600000     359     64.7
22684708    R/T REFI     FULL/ALT          338000     359     85.8
22684872    PURCH        FULL/ALT          350000     358     79.9
22685085    PURCH        FULL/ALT          357645     358     79.9
22685135    PURCH        FULL/ALT          429000     358     89.9
22685184    C/O REFI     FULL/ALT          370000     358     69.9
22685523    C/O REFI     FULL/ALT          631000     359     74.9
22685796    R/T REFI     FULL/ALT          520000     359     75.0
22686646    PURCH        FULL/ALT          515000     358     79.9
22687057    R/T REFI     FULL/ALT          410000     359     78.0
22687107    R/T REFI     FULL/ALT          560000     359     58.9
22687289    PURCH        FULL/ALT          330000     358     79.9
22687420    R/T REFI     FULL/ALT          350000     360     74.0
22687545    PURCH        FULL/ALT          275000     358     94.9
22687750    C/O REFI     FULL/ALT          750000     359     60.0
22687982    R/T REFI     FULL/ALT          416000     359     79.9
22688816    PURCH        FULL/ALT          280000     358     89.5
22689822    PURCH        FULL/ALT          317500     359     80.0
22689905    PURCH        FULL/ALT          465000     359     80.0
22689913    C/O REFI     FULL/ALT          426000     359     75.0
22689921    R/T REFI     FULL/ALT          550000     359     69.7
22690770    PURCH        FULL/ALT          285000     358     94.9
22691273    R/T REFI     FULL/ALT          370000     358     68.9
22691638    R/T REFI     FULL/ALT          405000     359     78.7
22692016    PURCH        FULL/ALT          270000     359     95.0
22692024    R/T REFI     FULL/ALT          355000     358     79.9
22692255    PURCH        FULL/ALT          627000     359     80.0
22693972    PURCH        FULL/ALT          415000     358     72.9
22694160    PURCH        FULL/ALT          330000     359     90.0
22694178    PURCH        FULL/ALT          450000     358     79.9
22694558    PURCH        FULL/ALT          537000     358     55.9
22694574    PURCH        FULL/ALT          489000     358     79.9
22696405    C/O REFI     FULL/ALT          425000     359     68.2
22697478    PURCH        FULL/ALT          315000     359     95.0
22697700    PURCH        FULL/ALT          350000     358     89.9
22697874    R/T REFI     FULL/ALT          425000     359     70.0
22698427    PURCH        FULL/ALT          338000     358     89.9
22698500    PURCH        FULL/ALT          270000     358     79.9
22699193    C/O REFI     FULL/ALT          420000     359     63.1
22699706    PURCH        FULL/ALT          450000     359     80.0
22699979    PURCH        FULL/ALT          408000     359     80.0
22703730    PURCH        FULL/ALT          370000     358     79.9
22703813    R/T REFI     FULL/ALT          516500     359     77.4
22704258    R/T REFI     FULL/ALT          375000     359     70.7
22705289    R/T REFI     FULL/ALT          400000     359     68.8
22705297    PURCH        FULL/ALT          318000     359     80.0
22705651    R/T REFI     FULL/ALT          355000     359     76.5
22706014    PURCH        FULL/ALT          541000     359     80.0
22706022    PURCH        FULL/ALT          380000     358     89.9
22706030    PURCH        FULL/ALT          458500     358     79.8
22706048    PURCH        FULL/ALT          361000     358     79.9
22706113    C/O REFI     FULL/ALT          390000     359     73.1
22706451    R/T REFI     FULL/ALT          600000     359     41.5
22706477    PURCH        FULL/ALT          568000     359     80.0
22706592    PURCH        FULL/ALT          330500     359     80.0
22706634    PURCH        FULL/ALT         4000000     359     79.9
22706691    PURCH        FULL/ALT          350000     359     80.0
22706915    PURCH        FULL/ALT          925000     359     35.1
22707228    C/O REFI     FULL/ALT          435000     359     75.0
22709190    R/T REFI     FULL/ALT         1370000     359     29.7
22709976    PURCH        FULL/ALT          381000     359     80.0
22710115    PURCH        FULL/ALT          796000     359     80.0
22710255    R/T REFI     FULL/ALT          500000     359     72.6
22711063    R/T REFI     FULL/ALT          353000     359     80.0
22711212    R/T REFI     FULL/ALT          570000     359     49.6
22711261    R/T REFI     FULL/ALT          350000     359     75.7
22711592    C/O REFI     FULL/ALT          370000     359     74.3
22711626    PURCH        FULL/ALT          661000     359     65.1
22711634    R/T REFI     FULL/ALT          560000     359     68.8
22712061    PURCH        FULL/ALT          285000     359     89.3
22712095    PURCH        FULL/ALT          350000     359     80.0
22712327    R/T REFI     FULL/ALT          550000     359     55.7
22712483    PURCH        FULL/ALT          310000     359     80.0
22712863    PURCH        FULL/ALT          358000     359     86.8
22713374    R/T REFI     FULL/ALT          405000     359     76.0
22713564    R/T REFI     FULL/ALT          379000     359     80.7
22713598    R/T REFI     FULL/ALT          284000     359     89.9
22713630    R/T REFI     FULL/ALT          420000     358     71.2
22714000    C/O REFI     FULL/ALT          415000     359     74.7
22714273    R/T REFI     FULL/ALT          325000     359     76.9
22714455    PURCH        FULL/ALT          345000     359     80.0
22714547    PURCH        FULL/ALT          475000     359     80.0
22714604    PURCH        FULL/ALT          480000     359     76.0
22714653    R/T REFI     FULL/ALT          495000     359     64.5
22715155    R/T REFI     FULL/ALT          315000     359     89.1
22715825    PURCH        FULL/ALT          345000     359     80.0
22716054    PURCH        FULL/ALT          469000     359     64.5
22716294    PURCH        FULL/ALT          840000     359     71.4
22716302    PURCH        FULL/ALT          285000     359     90.0
22716443    R/T REFI     FULL/ALT          480000     359     90.0
22716583    PURCH        FULL/ALT          660000     359     79.9
22716799    R/T REFI     FULL/ALT          375000     358     79.9
22716898    PURCH        FULL/ALT          810000     359     68.8
22717284    PURCH        FULL/ALT          710000     359     79.9
22717607    R/T REFI     FULL/ALT          565000     359     47.8
22717805    R/T REFI     FULL/ALT          650000     359     65.7
22718100    R/T REFI     FULL/ALT          425000     359     79.9
22718159    PURCH        FULL/ALT          362000     359     80.0
22718225    PURCH        FULL/ALT          572000     359     73.5
22718498    PURCH        FULL/ALT          326000     359     80.0
22718662    PURCH        FULL/ALT          446000     358     79.0
22718696    PURCH        FULL/ALT          334000     358     79.9
22718910    PURCH        FULL/ALT          293000     358     89.9
22718951    PURCH        FULL/ALT          340000     358     79.9
22719041    PURCH        FULL/ALT          425000     358     79.9
22719058    PURCH        FULL/ALT          361000     358     89.2
22719082    PURCH        FULL/ALT          394000     358     79.9
22719405    R/T REFI     FULL/ALT          347000     359     77.4
22719652    PURCH        FULL/ALT          395000     359     75.0
22719785    PURCH        FULL/ALT          570000     359     79.9
22720577    PURCH        FULL/ALT          317000     359     90.0
22721492    R/T REFI     FULL/ALT          450000     359     67.4
22721534    PURCH        FULL/ALT          411500     359     80.0
22721666    R/T REFI     FULL/ALT          360000     359     77.2
22722573    R/T REFI     FULL/ALT          560000     359     62.5
22722680    R/T REFI     FULL/ALT          485000     359     77.5
22723910    R/T REFI     FULL/ALT          284000     359     89.4
22724074    PURCH        FULL/ALT          317000     359     80.0
22724199    PURCH        FULL/ALT          420000     359     80.0
22724298    R/T REFI     FULL/ALT          500000     359     69.0
22724520    R/T REFI     FULL/ALT          372000     359     74.5
22724934    R/T REFI     FULL/ALT          495000     359     68.0
22725014    C/O REFI     FULL/ALT          350000     359     74.6
22725675    C/O REFI     FULL/ALT         1040000     359     33.7
22726897    PURCH        FULL/ALT          335200     359     80.0
22727077    PURCH        FULL/ALT          500000     359     80.0
22728539    R/T REFI     FULL/ALT         1050000     359     61.9
22729503    R/T REFI     FULL/ALT          375000     356     79.4
22730345    PURCH        FULL/ALT          370000     359     73.4
22730774    R/T REFI     FULL/ALT          340000     355     74.8
22730790    PURCH        FULL/ALT          374000     352     84.5
22730824    R/T REFI     FULL/ALT          325000     355     79.7
22730931    R/T REFI     FULL/ALT          360000     355     69.0
22731509    PURCH        FULL/ALT          589000     359     79.9
22732648    PURCH        FULL/ALT          608000     359     80.0
22732671    PURCH        FULL/ALT          412000     359     80.0
22734388    PURCH        FULL/ALT          334000     359     79.9
22735690    PURCH        FULL/ALT          318000     358     79.9
22735708    R/T REFI     FULL/ALT          550000     358     63.2
22735732    PURCH        FULL/ALT          720500     358     79.9
22735757    PURCH        FULL/ALT          416000     358     79.9
22735773    PURCH        FULL/ALT          347000     358     79.9
22735781    PURCH        FULL/ALT          409000     358     79.9
22737209    PURCH        FULL/ALT          620000     359     80.0
22737779    PURCH        FULL/ALT          695000     359     64.9
22739569    R/T REFI     FULL/ALT          410000     359     79.5
22739643    C/O REFI     FULL/ALT          480000     359     75.0
22740047    R/T REFI     FULL/ALT          450000     358     73.5
22740435    PURCH        FULL/ALT          363000     359     84.4
22740716    R/T REFI     FULL/ALT          500000     359     58.8
22742746    PURCH        FULL/ALT          550000     358     79.9
22743470    PURCH        FULL/ALT          368000     359     90.0
22744106    PURCH        FULL/ALT          415000     358     79.9
22744718    R/T REFI     FULL/ALT          325000     358     83.8
22745087    R/T REFI     FULL/ALT          421000     359     76.8
22749691    R/T REFI     FULL/ALT          659000     359     61.1
22752018    PURCH        FULL/ALT          300000     359     90.0
22752109    PURCH        FULL/ALT          383000     359     78.9
22758551    PURCH        FULL/ALT          355000     359     80.0
22759765    PURCH        FULL/ALT          398000     359     80.0
22764880    C/O REFI     FULL/ALT          430000     359     75.0
22765556    PURCH        FULL/ALT          407000     359     90.0
22773428    PURCH        FULL/ALT          390000     359     90.0
22773527    PURCH        FULL/ALT          345000     359     89.9
22773535    R/T REFI     FULL/ALT          450000     359     77.2
22778351    R/T REFI     FULL/ALT          358000     359     84.3
22786628    PURCH        FULL/ALT          339000     356     79.8
25737925    PURCH        FULL/ALT          500000     358     79.9
26205369    PURCH        FULL/ALT          420000     359     89.8
26506832    PURCH        FULL/ALT          430000     359     80.0
26524132    PURCH        FULL/ALT          370000     359     72.4
26802751    R/T REFI     FULL/ALT          310000     359     80.0
26876235    R/T REFI     FULL/ALT          515000     359     51.7
26931949    PURCH        FULL/ALT          569000     358     58.0
26947051    C/O REFI     FULL/ALT          515000     358     64.1
26961425    PURCH        FULL/ALT          627000     359     65.0
26991257    C/O REFI     FULL/ALT          415000     358     60.7
27008903    R/T REFI     FULL/ALT          640000     359     60.3
27093061    R/T REFI     FULL/ALT          598000     358     49.3
27096361    R/T REFI     FULL/ALT          584000     358     77.8
27107382    R/T REFI     FULL/ALT          320000     358     81.2
27110519    R/T REFI     FULL/ALT          590000     358     51.7
27116359    R/T REFI     FULL/ALT          455000     358     68.1
27128941    R/T REFI     FULL/ALT          675000     358     72.8
27129493    C/O REFI     FULL/ALT          580000     238     48.2
27137520    R/T REFI     FULL/ALT          750000     358     62.9
27138080    R/T REFI     FULL/ALT          600000     358     65.3
27139070    R/T REFI     FULL/ALT          457000     358     69.7
27141969    R/T REFI     FULL/ALT          540000     358     62.2
27146612    R/T REFI     FULL/ALT          395000     360     68.1
27146893    R/T REFI     FULL/ALT          660000     360     80.0
27148345    C/O REFI     FULL/ALT          470000     358     74.9
27155761    R/T REFI     FULL/ALT          725000     359     58.5
27164318    R/T REFI     FULL/ALT          360000     357     70.1
27177146    C/O REFI     FULL/ALT          476000     359     69.3
27186634    R/T REFI     FULL/ALT          550000     358     66.3
27190974    R/T REFI     FULL/ALT          580000     360     61.4
27193754    R/T REFI     FULL/ALT          361000     358     69.2
27201789    R/T REFI     FULL/ALT          420000     359     64.3
27208446    R/T REFI     FULL/ALT          440000     360     74.5
27216647    PURCH        FULL/ALT         1000000     358     65.3
27218601    R/T REFI     FULL/ALT          363000     360     78.8
27224880    C/O REFI     FULL/ALT          430000     358     63.7
27235159    R/T REFI     FULL/ALT          750000     360     47.2
27235522    R/T REFI     FULL/ALT          465000     359     57.3
27236074    R/T REFI     FULL/ALT          615000     358     56.5
27238344    R/T REFI     FULL/ALT          528000     358     79.9
27241959    R/T REFI     FULL/ALT          400000     359     59.5
27246305    R/T REFI     FULL/ALT          282000     358     89.3
27246446    C/O REFI     FULL/ALT          365000     358     71.1
27250679    C/O REFI     FULL/ALT          460000     359     56.5
27251677    C/O REFI     FULL/ALT          365000     358     69.9
27251768    R/T REFI     FULL/ALT          495000     358     65.8
27255280    R/T REFI     FULL/ALT          465000     359     68.2
27260595    R/T REFI     FULL/ALT          665000     358     67.6
27260702    R/T REFI     FULL/ALT          395000     358     72.9
27261502    R/T REFI     FULL/ALT          585000     357     79.9
27262740    C/O REFI     FULL/ALT          563000     358     46.4
27270339    R/T REFI     FULL/ALT          410000     239     68.4
27270453    R/T REFI     FULL/ALT          335000     237     89.3
27270719    R/T REFI     FULL/ALT          730000     358     60.3
27273572    PURCH        FULL/ALT          400000     359     79.9
27273812    R/T REFI     FULL/ALT          575000     359     51.7
27274125    R/T REFI     FULL/ALT          370000     358     74.1
27275007    R/T REFI     FULL/ALT          569000     358     49.9
27282458    PURCH        FULL/ALT          945000     359     69.2
27290170    PURCH        FULL/ALT          395000     359     80.0
27300961    C/O REFI     FULL/ALT          485000     358     67.0
27311463    R/T REFI     FULL/ALT          478000     358     62.1
27316603    C/O REFI     FULL/ALT          825000     359     43.9
27319433    R/T REFI     FULL/ALT          305000     358     86.8
27320670    R/T REFI     FULL/ALT          380000     360     75.0
27322270    R/T REFI     FULL/ALT          480000     358     71.2
27329978    R/T REFI     FULL/ALT          400000     358     72.2
27330216    R/T REFI     FULL/ALT          485000     358     78.3
27333350    C/O REFI     FULL/ALT          440000     358     74.9
27336833    R/T REFI     FULL/ALT          350000     358     71.1
27338037    C/O REFI     FULL/ALT          710000     359     49.3
27341569    R/T REFI     FULL/ALT          750000     360     63.2
27346527    R/T REFI     FULL/ALT          445000     358     66.4
27346584    R/T REFI     FULL/ALT          375000     360     80.0
27347079    C/O REFI     FULL/ALT          375000     359     74.7
27347293    C/O REFI     FULL/ALT          500000     358     67.9
27347681    R/T REFI     FULL/ALT          460000     358     79.9
27348390    C/O REFI     FULL/ALT         1050000     359     38.1
27349133    R/T REFI     FULL/ALT          580000     358     51.6
27351139    R/T REFI     FULL/ALT          415000     358     79.5
27355007    C/O REFI     FULL/ALT          500000     359     58.4
27356567    R/T REFI     FULL/ALT          335000     359     74.9
27357367    C/O REFI     FULL/ALT          450000     358     68.8
27358290    R/T REFI     FULL/ALT          375000     358     78.6
27359694    R/T REFI     FULL/ALT          450000     360     63.8
27360304    R/T REFI     FULL/ALT          610000     358     79.9
27366434    R/T REFI     FULL/ALT          405000     359     88.1
27369263    R/T REFI     FULL/ALT          370000     359     79.9
27369404    C/O REFI     FULL/ALT          370000     358     74.9
27369917    PURCH        FULL/ALT          348000     358     87.6
27372051    R/T REFI     FULL/ALT          400000     358     64.0
27381615    R/T REFI     FULL/ALT          755000     359     56.3
27384684    PURCH        FULL/ALT          447000     358     74.9
27394410    R/T REFI     FULL/ALT          475000     359     75.6
27394592    R/T REFI     FULL/ALT          760000     358     69.9
27397694    PURCH        FULL/ALT          450000     358     79.9
27400266    R/T REFI     FULL/ALT          380000     358     69.2
27404532    C/O REFI     FULL/ALT          500000     359     60.0
27406933    R/T REFI     FULL/ALT          620000     359     78.2
27407584    R/T REFI     FULL/ALT         1750000     359     36.9
27411420    R/T REFI     FULL/ALT          375000     358     65.8
27416627    R/T REFI     FULL/ALT          555000     358     56.4
27417229    C/O REFI     FULL/ALT          654000     358     61.4
27418367    R/T REFI     FULL/ALT          580000     358     60.4
27420173    R/T REFI     FULL/ALT          550000     359     49.9
27423870    R/T REFI     FULL/ALT          825000     358     59.2
27423987    R/T REFI     FULL/ALT          445000     358     75.4
27426543    C/O REFI     FULL/ALT          848000     358     50.0
27427095    C/O REFI     FULL/ALT          560000     358     69.9
27427764    R/T REFI     FULL/ALT          450000     358     67.5
27428135    R/T REFI     FULL/ALT          765000     359     32.1
27428374    R/T REFI     FULL/ALT          435000     358     79.0
27429489    C/O REFI     FULL/ALT          970000     357     47.8
27430495    R/T REFI     FULL/ALT          410000     359     72.0
27432343    R/T REFI     FULL/ALT          475000     360     74.9
27436377    R/T REFI     FULL/ALT          410000     358     61.7
27437540    R/T REFI     FULL/ALT          337000     358     79.9
27438217    R/T REFI     FULL/ALT          368000     359     79.7
27438381    R/T REFI     FULL/ALT          455000     358     62.5
27438837    PURCH        FULL/ALT          330000     358     79.9
27439389    R/T REFI     FULL/ALT          525000     359     65.0
27440320    C/O REFI     FULL/ALT          345000     358     74.9
27440536    R/T REFI     FULL/ALT          450000     359     71.3
27441328    R/T REFI     FULL/ALT          348000     358     76.9
27442821    R/T REFI     FULL/ALT          445000     358     56.9
27443928    R/T REFI     FULL/ALT          545000     358     69.1
27449636    C/O REFI     FULL/ALT         1250000     359     40.8
27449727    C/O REFI     FULL/ALT          440000     358     69.2
27452630    PURCH        FULL/ALT          336000     358     79.9
27457209    R/T REFI     FULL/ALT          360000     358     79.9
27457324    R/T REFI     FULL/ALT          365000     358     75.7
27457399    C/O REFI     FULL/ALT          402000     359     74.9
27457431    R/T REFI     FULL/ALT         1500000     359     43.3
27461367    R/T REFI     FULL/ALT          410000     358     77.6
27461748    C/O REFI     FULL/ALT          425000     358     71.9
27462431    R/T REFI     FULL/ALT          615000     359     69.8
27462449    PURCH        FULL/ALT          350000     359     80.0
27462837    PURCH        FULL/ALT          400000     358     79.9
27464643    R/T REFI     FULL/ALT          410000     359     80.0
27465046    R/T REFI     FULL/ALT         1550000     359     54.9
27465061    R/T REFI     FULL/ALT          700000     359     62.9
27468677    R/T REFI     FULL/ALT          625000     359     53.3
27468800    R/T REFI     FULL/ALT          480000     358     79.9
27469097    C/O REFI     FULL/ALT          380000     359     78.9
27469469    R/T REFI     FULL/ALT          360000     358     77.4
27471499    C/O REFI     FULL/ALT          403000     358     69.4
27475458    C/O REFI     FULL/ALT          395000     359     70.0
27475946    R/T REFI     FULL/ALT          440000     360     62.6
27475987    R/T REFI     FULL/ALT          555000     358     74.5
27476183    R/T REFI     FULL/ALT          368000     358     79.9
27476498    R/T REFI     FULL/ALT          950000     360     55.3
27481456    PURCH        FULL/ALT          505000     358     79.9
27481878    C/O REFI     FULL/ALT          585000     359     63.2
27481902    C/O REFI     FULL/ALT          860000     358     62.7
27482462    R/T REFI     FULL/ALT          387000     359     65.1
27483098    C/O REFI     FULL/ALT          980000     359     55.0
27483734    R/T REFI     FULL/ALT          409000     359     72.8
27483742    R/T REFI     FULL/ALT          415000     358     74.9
27484120    R/T REFI     FULL/ALT          725000     358     69.9
27484245    PURCH        FULL/ALT          420000     358     79.9
27484898    C/O REFI     FULL/ALT          400000     358     74.9
27484971    R/T REFI     FULL/ALT          650000     359     49.2
27485283    C/O REFI     FULL/ALT          700000     358     66.3
27485986    R/T REFI     FULL/ALT          400000     358     69.8
27487339    R/T REFI     FULL/ALT          278000     359     89.9
27487883    C/O REFI     FULL/ALT          353000     358     74.7
27488121    R/T REFI     FULL/ALT          440000     359     70.4
27488832    PURCH        FULL/ALT          257000     358     94.9
27489848    C/O REFI     FULL/ALT          820000     358     54.9
27495662    R/T REFI     FULL/ALT          496000     359     55.4
27496058    PURCH        FULL/ALT          403000     359     80.0
27496470    R/T REFI     FULL/ALT          610000     358     48.5
27500875    R/T REFI     FULL/ALT          347000     359     85.1
27501949    PURCH        FULL/ALT          384000     358     79.9
27502731    R/T REFI     FULL/ALT          590000     358     62.1
27503358    R/T REFI     FULL/ALT          700000     358     71.2
27504968    R/T REFI     FULL/ALT          540000     359     52.8
27507151    R/T REFI     FULL/ALT          355000     359     75.0
27507201    R/T REFI     FULL/ALT          385000     359     73.2
27507953    C/O REFI     FULL/ALT          380000     358     74.9
27508100    R/T REFI     FULL/ALT          700000     359     41.6
27508555    R/T REFI     FULL/ALT          460000     359     67.4
27509132    C/O REFI     FULL/ALT          675000     358     59.3
27509629    PURCH        FULL/ALT          370000     358     79.9
27510122    PURCH        FULL/ALT          330000     359     80.0
27513209    R/T REFI     FULL/ALT          330000     358     79.9
27514678    R/T REFI     FULL/ALT          405000     359     76.4
27516046    PURCH        FULL/ALT          402000     358     79.9
27516129    C/O REFI     FULL/ALT          620000     359     47.9
27516442    R/T REFI     FULL/ALT          370000     358     74.5
27520576    R/T REFI     FULL/ALT          320000     358     84.9
27520956    C/O REFI     FULL/ALT          520000     358     69.8
27523901    PURCH        FULL/ALT          322437     358     78.3
27525179    R/T REFI     FULL/ALT          370000     359     69.5
27525955    C/O REFI     FULL/ALT          550000     359     63.3
27527357    R/T REFI     FULL/ALT          500000     358     68.2
27527548    C/O REFI     FULL/ALT         1410000     358     35.5
27529676    PURCH        FULL/ALT          464000     358     66.1
27529916    R/T REFI     FULL/ALT          675000     358     40.3
27530047    R/T REFI     FULL/ALT          751000     359     67.8
27531961    R/T REFI     FULL/ALT          570000     358     61.4
27536119    R/T REFI     FULL/ALT          675000     358     68.1
27537216    R/T REFI     FULL/ALT          455000     359     78.7
27537737    C/O REFI     FULL/ALT         2300000     359     28.3
27538008    R/T REFI     FULL/ALT          423000     358     74.2
27539030    R/T REFI     FULL/ALT          375000     358     67.6
27543404    R/T REFI     FULL/ALT          540000     358     79.9
27543461    R/T REFI     FULL/ALT          545000     358     68.5
27543818    R/T REFI     FULL/ALT          305000     358     79.6
27548155    R/T REFI     FULL/ALT          425000     358     75.0
27548775    C/O REFI     FULL/ALT          450000     358     74.9
27549070    C/O REFI     FULL/ALT          370000     359     74.3
27549138    C/O REFI     FULL/ALT          875000     360     30.9
27549203    R/T REFI     FULL/ALT          690000     359     76.8
27551308    R/T REFI     FULL/ALT          387500     358     84.8
27551944    R/T REFI     FULL/ALT          440000     358     79.0
27552355    R/T REFI     FULL/ALT          471000     359     58.0
27553551    PURCH        FULL/ALT          325000     359     79.8
27553809    PURCH        FULL/ALT          405000     359     75.0
27554047    C/O REFI     FULL/ALT          700000     359     67.1
27554187    PURCH        FULL/ALT          799000     359     68.8
27554492    R/T REFI     FULL/ALT          540000     359     79.6
27555002    PURCH        FULL/ALT          345000     359     80.0
27555630    R/T REFI     FULL/ALT          800000     358     36.8
27555721    PURCH        FULL/ALT          525000     358     79.9
27557404    C/O REFI     FULL/ALT          462000     358     74.9
27559285    C/O REFI     FULL/ALT          900000     358     50.0
27559582    R/T REFI     FULL/ALT          625000     359     74.2
27560218    C/O REFI     FULL/ALT          395000     360     70.0
27561166    R/T REFI     FULL/ALT          450000     359     75.4
27561463    C/O REFI     FULL/ALT          412000     358     74.9
27563543    R/T REFI     FULL/ALT          680000     359     63.4
27563667    C/O REFI     FULL/ALT          480000     358     74.9
27563907    R/T REFI     FULL/ALT          420000     358     78.5
27565381    R/T REFI     FULL/ALT          425000     359     74.8
27565415    R/T REFI     FULL/ALT          702500     359     56.9
27566132    PURCH        FULL/ALT          378000     359     80.0
27566496    PURCH        FULL/ALT          490000     358     79.9
27567296    R/T REFI     FULL/ALT          326000     359     77.7
27568013    PURCH        FULL/ALT          541000     358     74.9
27568518    C/O REFI     FULL/ALT         1100000     359     48.2
27568609    R/T REFI     FULL/ALT          800000     359     80.0
27569300    PURCH        FULL/ALT          465000     359     80.0
27569979    R/T REFI     FULL/ALT          620000     359     68.7
27571629    R/T REFI     FULL/ALT          356000     239     79.2
27574797    R/T REFI     FULL/ALT          440000     359     67.9
27574870    C/O REFI     FULL/ALT          400000     359     73.8
27575729    C/O REFI     FULL/ALT          475000     360     58.9
27576719    C/O REFI     FULL/ALT          650000     360     61.5
27576909    PURCH        FULL/ALT          418000     359     70.0
27578137    R/T REFI     FULL/ALT          400000     360     77.8
27579952    PURCH        FULL/ALT          305000     359     95.0
27580075    R/T REFI     FULL/ALT          848000     359     43.2
27581750    PURCH        FULL/ALT          292750     359     80.0
27582600    C/O REFI     FULL/ALT          580000     358     56.7
27582873    C/O REFI     FULL/ALT          510000     359     78.4
27583210    C/O REFI     FULL/ALT          900000     359     64.7
27585413    C/O REFI     FULL/ALT          525000     359     71.4
27585793    PURCH        FULL/ALT          475000     359     58.9
27586205    PURCH        FULL/ALT          328000     359     80.0
27586379    R/T REFI     FULL/ALT          331000     358     79.9
27586437    R/T REFI     FULL/ALT          560000     359     75.0
27586718    C/O REFI     FULL/ALT          600000     359     74.9
27588482    C/O REFI     FULL/ALT          710000     359     60.0
27588722    R/T REFI     FULL/ALT          375000     359     68.7
27589126    C/O REFI     FULL/ALT          605000     359     67.4
27590371    PURCH        FULL/ALT          850000     359     76.9
27590686    C/O REFI     FULL/ALT          554000     359     61.4
27592518    PURCH        FULL/ALT          440000     358     89.8
27593433    C/O REFI     FULL/ALT          515000     359     60.2
27593540    R/T REFI     FULL/ALT          358000     359     76.8
27594597    R/T REFI     FULL/ALT          760000     360     42.6
27598150    C/O REFI     FULL/ALT          630000     360     52.4
27598317    R/T REFI     FULL/ALT          969000     359     37.1
27598325    C/O REFI     FULL/ALT          900000     359     54.3
27600220    R/T REFI     FULL/ALT          440000     359     68.2
27601368    R/T REFI     FULL/ALT         1000000     359     63.0
27601400    R/T REFI     FULL/ALT          376500     360     79.0
27602754    R/T REFI     FULL/ALT          660000     359     72.0
27603042    PURCH        FULL/ALT          335000     358     89.9
27603562    R/T REFI     FULL/ALT          355000     359     75.0
27604107    C/O REFI     FULL/ALT          615000     359     69.1
27608397    C/O REFI     FULL/ALT          390000     359     74.9
27609171    R/T REFI     FULL/ALT          505000     359     48.5
27609221    C/O REFI     FULL/ALT          760000     359     65.8
27609338    R/T REFI     FULL/ALT          535000     359     66.5
27610989    R/T REFI     FULL/ALT          765000     359     79.8
27611581    R/T REFI     FULL/ALT          395000     359     77.6
27611748    R/T REFI     FULL/ALT          340000     359     77.9
27612118    R/T REFI     FULL/ALT          520000     359     61.7
27616671    R/T REFI     FULL/ALT         1000000     359     67.5
27617984    R/T REFI     FULL/ALT          425000     359     62.4
27618495    C/O REFI     FULL/ALT          535000     359     48.4
27618701    C/O REFI     FULL/ALT          600000     359     62.0
27618891    R/T REFI     FULL/ALT          372000     359     80.0
27618974    R/T REFI     FULL/ALT          430000     360     62.3
27619204    R/T REFI     FULL/ALT          390000     360     67.4
27619741    C/O REFI     FULL/ALT          330000     359     74.9
27620608    R/T REFI     FULL/ALT          540000     359     68.6
27621366    C/O REFI     FULL/ALT          594000     360     70.0
27621507    R/T REFI     FULL/ALT          455000     359     69.5
27622083    PURCH        FULL/ALT          320000     358     78.1
27622257    C/O REFI     FULL/ALT          800000     359     70.0
27622307    R/T REFI     FULL/ALT          350000     359     73.0
27623040    PURCH        FULL/ALT          680000     359     79.9
27624519    R/T REFI     FULL/ALT          512000     359     71.3
27625151    R/T REFI     FULL/ALT          900000     359     46.9
27626969    R/T REFI     FULL/ALT          610000     360     78.7
27627439    R/T REFI     FULL/ALT          355000     359     75.6
27628015    R/T REFI     FULL/ALT          378000     359     78.0
27629948    PURCH        FULL/ALT          430000     359     80.0
27630011    R/T REFI     FULL/ALT          555000     359     58.6
27631415    PURCH        FULL/ALT          298000     359     95.0
27631688    C/O REFI     FULL/ALT          550000     359     54.5
27633288    R/T REFI     FULL/ALT          430000     360     79.5
27633478    PURCH        FULL/ALT          950000     359     56.4
27633668    R/T REFI     FULL/ALT          400000     360     66.8
27633825    R/T REFI     FULL/ALT         1425000     359     45.6
27634195    R/T REFI     FULL/ALT          350000     359     76.6
27636125    R/T REFI     FULL/ALT          336000     359     80.0
27636828    C/O REFI     FULL/ALT          495000     359     63.6
27640440    R/T REFI     FULL/ALT          525000     359     66.7
27640630    R/T REFI     FULL/ALT          466000     359     62.4
27640713    R/T REFI     FULL/ALT          690000     359     68.8
27645308    R/T REFI     FULL/ALT          850000     359     59.2
27645464    R/T REFI     FULL/ALT          587000     359     68.1
27645589    R/T REFI     FULL/ALT          416000     359     78.4
27647874    PURCH        FULL/ALT          445000     359     80.0
27650571    R/T REFI     FULL/ALT          493500     360     79.8
27650886    PURCH        FULL/ALT          759000     359     67.6
27650969    C/O REFI     FULL/ALT          433000     359     74.4
27650977    R/T REFI     FULL/ALT          400000     359     76.3
27653039    C/O REFI     FULL/ALT          700000     360     54.4
27653989    R/T REFI     FULL/ALT          680000     359     75.0
27654367    PURCH        FULL/ALT          339000     359     80.0
27655208    C/O REFI     FULL/ALT          416000     359     75.0
27656362    PURCH        FULL/ALT          335000     359     75.0
27658004    PURCH        FULL/ALT          341000     359     79.5
27658178    R/T REFI     FULL/ALT          484000     240     55.7
27659028    C/O REFI     FULL/ALT          765000     359     37.9
27659325    R/T REFI     FULL/ALT          415000     359     78.1
27661693    PURCH        FULL/ALT          351000     359     80.0
27662543    R/T REFI     FULL/ALT          500000     359     64.0
27662964    R/T REFI     FULL/ALT          345000     359     77.1
27664903    PURCH        FULL/ALT          779000     359     64.2
27665967    R/T REFI     FULL/ALT          610000     359     80.0
27667575    PURCH        FULL/ALT          407000     359     80.0
27667963    R/T REFI     FULL/ALT          528000     359     64.2
27668086    C/O REFI     FULL/ALT          520000     359     75.0
27668243    PURCH        FULL/ALT          376000     359     88.5
27668938    R/T REFI     FULL/ALT          405000     359     64.6
27670991    R/T REFI     FULL/ALT          785000     360     55.6
27672989    PURCH        FULL/ALT          395000     360     80.0
27673326    PURCH        FULL/ALT          420000     359     64.3
27674670    C/O REFI     FULL/ALT          925000     359     32.4
27675859    R/T REFI     FULL/ALT          515000     360     79.2
27677392    PURCH        FULL/ALT          500000     359     59.8
27679265    R/T REFI     FULL/ALT          525000     359     50.6
27679562    PURCH        FULL/ALT          320000     359     80.0
27679729    C/O REFI     FULL/ALT          611000     359     68.7
27679869    PURCH        FULL/ALT          550000     359     80.0
27680545    R/T REFI     FULL/ALT          902000     359     57.1
27681998    PURCH        FULL/ALT          341000     359     79.9
27684059    C/O REFI     FULL/ALT          595000     360     69.6
27686187    R/T REFI     FULL/ALT          430000     359     74.4
27686617    PURCH        FULL/ALT          362000     359     80.0
27687524    C/O REFI     FULL/ALT          410000     359     69.3
27688506    C/O REFI     FULL/ALT          521000     359     64.6
27689835    C/O REFI     FULL/ALT          461000     360     69.4
27692623    R/T REFI     FULL/ALT          738000     359     79.9
27692755    R/T REFI     FULL/ALT          405000     359     78.8
27694215    C/O REFI     FULL/ALT          410000     359     62.8
27695642    R/T REFI     FULL/ALT          550000     360     54.5
27696251    C/O REFI     FULL/ALT          795000     360     80.0
27698273    R/T REFI     FULL/ALT          430000     359     62.8
27698646    R/T REFI     FULL/ALT          575000     360     73.4
27700517    R/T REFI     FULL/ALT          790000     359     62.7
27702125    PURCH        FULL/ALT          760000     360     70.0
27704204    PURCH        FULL/ALT          415000     359     80.0
27704600    C/O REFI     FULL/ALT          410000     359     75.0
27704618    R/T REFI     FULL/ALT          600000     359     58.8
27705276    R/T REFI     FULL/ALT          680000     360     76.5
27705912    PURCH        FULL/ALT          611000     359     63.2
27707470    R/T REFI     FULL/ALT         1358100     360     37.5
27709716    PURCH        FULL/ALT          347000     359     75.4
27712348    C/O REFI     FULL/ALT          775000     359     35.8
27712843    PURCH        FULL/ALT          750000     359     46.7
27713049    C/O REFI     FULL/ALT          580000     360     59.5
27716323    PURCH        FULL/ALT          328000     360     80.0
27716729    PURCH        FULL/ALT          608000     359     80.0
27718469    R/T REFI     FULL/ALT         1600000     360     21.8
27719129    R/T REFI     FULL/ALT          500000     360     57.4
27721075    PURCH        FULL/ALT          701000     359     80.0
27722610    R/T REFI     FULL/ALT         1000000     359     43.9
27722800    R/T REFI     FULL/ALT          485000     359     69.7
27724004    C/O REFI     FULL/ALT          780000     359     69.0
27725803    C/O REFI     FULL/ALT          700000     360     50.0
27726017    C/O REFI     FULL/ALT          400000     360     67.5
27726751    R/T REFI     FULL/ALT          530000     360     61.7
27729532    R/T REFI     FULL/ALT          890000     359     69.9
27730381    R/T REFI     FULL/ALT          660000     360     60.8
27730498    R/T REFI     FULL/ALT          425000     359     80.0
27737030    R/T REFI     FULL/ALT          655000     360     69.6
27737097    R/T REFI     FULL/ALT          840000     359     74.8
27737204    C/O REFI     FULL/ALT          510000     359     69.6
27738822    R/T REFI     FULL/ALT         1000000     359     38.4
27739150    R/T REFI     FULL/ALT          452000     359     63.2
27742352    R/T REFI     FULL/ALT          400000     359     74.8
27743046    R/T REFI     FULL/ALT          450000     360     77.8
27744036    C/O REFI     FULL/ALT         1000000     360     65.0
27744275    C/O REFI     FULL/ALT          446000     359     74.9
27744861    R/T REFI     FULL/ALT          530000     360     69.4
27745082    R/T REFI     FULL/ALT          660000     360     62.4
27745504    R/T REFI     FULL/ALT          484000     360     61.4
27745660    R/T REFI     FULL/ALT          555000     360     75.0
27746239    C/O REFI     FULL/ALT          470000     359     74.5
27746460    R/T REFI     FULL/ALT          360000     360     73.6
27749357    PURCH        FULL/ALT         1200000     359     39.0
27752070    R/T REFI     FULL/ALT          405000     360     74.1
27753516    PURCH        FULL/ALT          340000     359     90.0
27758499    C/O REFI     FULL/ALT         1110000     360     54.1
27762293    R/T REFI     FULL/ALT          469000     359     76.3
27762806    R/T REFI     FULL/ALT          481500     360     54.0
30005151    PURCH        FULL/ALT          511000     359     80.0

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EXHIBIT E   

REQUEST FOR RELEASE OF DOCUMENTS  

[date]  

To:   The Bank of New York                                                      
101 Barclay Street - 12 E                                           
New York, New York 10286                                            
Attn:  Inventory Control                                            

    Re:   The Pooling and Servicing  Agreement  dated March 25, 1999,  among
          Bank  of  America   Mortgage   Securities,   Inc.,  as  Depositor,
          NationsBanc Mortgage  Corporation,  as Servicer,  Bank of America,
FSB, as Servicer, and The Bank of New York, as Trustee  

      In connection with the  administration  of the Mortgage Loans held by you,
as Custodian,  pursuant to the above-captioned  Pooling and Servicing Agreement,
we request the release, and hereby acknowledge receipt, of the Mortgage File for
the Mortgage Loan described below, for the reason indicated.                    

MORTGAGE LOAN NUMBER:                                                           

MORTGAGOR NAME, ADDRESS & ZIP CODE:                                             

REASON FOR REQUESTING DOCUMENTS (check one)                                     

____  1.    Mortgage Paid in Full                                               

____  2.    Foreclosure                                                         

____  3.    Substitution                                                        

____  4.    Other Liquidation                                                   

____  5.    Nonliquidation                      Reason: ___________________     

                                  By: ______________________________________
                                   (authorized signer of Bank of
                                        America Mortgage Securities, Inc.)

                                    Issuer:_____________________________________
                                    Address:____________________________________
                                    ____________________________________________

                                    Date:_______________________________________

CUSTODIAN                                                                       
The Bank of New York                                                            
Please acknowledge the execution of the above request by your signature and date
below:                                                                          

----------------------------------  ---------------                             
Signature   Date                                                                

Documents returned to Custodian:                                                

----------------------------------- ----------------                            
Custodian   Date                                                                

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EXHIBIT F   

FORM OF CERTIFICATION OF ESTABLISHMENT OF ACCOUNT   

[Date]  

      [_______________]  hereby  certifies that it has  established  the account
described below as a [___________] Account pursuant to Section [________] of the
Pooling and  Servicing  Agreement,  dated March 25, 1999,  among Bank of America
Mortgage Securities,  Inc., as Depositor,  NationsBanc Mortgage Corporation,  as
Servicer,  Bank of  America,  FSB,  as  Servicer,  and The Bank of New York,  as
Trustee.                                                                        

Title of Account:          "[_______________],  in  trust  for the  registered  
                         holders  of Bank of  America  Mortgage  Securities,
                         Inc.  Mortgage  Pass-Through  Certificates,  Series
1999-2."                  

Account Number:            ________________________                             

Address of office or branch                                                     
of NationsBank, N.A.                                                            
at which Account is                                                             

maintained:                ________________________                             
________________________  
________________________  
________________________  

[_______________],  
as Servicer         

                      By:_______________________________________
                      Name:_____________________________________
                      Title:____________________________________

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EXHIBIT G-1   

FORM OF TRANSFEROR CERTIFICATE  
FOR TRANSFERS OF PRIVATE CERTIFICATES   

[Date]  

The Bank of New York                                                            
101 Barclay Street - 12 E                                                       
New York, New York 10286                                                        

Re:   Bank of America Mortgage  Securities,  Inc.,  Mortgage        
Pass-Through  Certificates,  Series 1999-2, Class ___,  
having an initial aggregate  Certificate Balance as of  
March 25, 1999 of $___________                          

Ladies and Gentlemen:                                                           

      This  letter  is  delivered  to you in  connection  with the  transfer  by
[______________]  (the "Transferor") to  [______________]  (the "Transferee") of
the captioned Certificates (the "Transferred Certificates"), pursuant to Section
6.02  of the  Pooling  and  Servicing  Agreement  (the  "Pooling  and  Servicing
Agreement"),  dated March 25, 1999, among Bank of America  Mortgage  Securities,
Inc., as  Depositor,  NationsBanc  Mortgage  Corporation,  as Servicer,  Bank of
America, FSB, as Servicer, and The Bank of New York, as Trustee. All capitalized
terms used herein and not otherwise  defined shall have the respective  meanings
set  forth  in the  Pooling  and  Servicing  Agreement.  The  Transferor  hereby
certifies, represents and warrants to you, as Trustee, that:                    

            1.  The   Transferor   is  the  lawful  owner  of  the   Transferred
      Certificates  with the full right to transfer such  Certificates free from
any and all claims and encumbrances whatsoever.                     

            2. Neither the  Transferor  nor anyone  acting on its behalf has (a)
      offered,   transferred,   pledged,  sold  or  otherwise  disposed  of  any
      Transferred Certificate,  any interest in a Transferred Certificate or any
      other  similar  security to any person in any manner,  (b)  solicited  any
      offer to buy or  accept a  transfer,  pledge or other  disposition  of any
      Transferred Certificate,  any interest in a Transferred Certificate or any
      other  similar  security  from any  person in any  manner,  (c)  otherwise
      approached or negotiated with respect to any Transferred Certificate,  any
      interest in a Transferred  Certificate or any other similar  security with
      any person in any manner,  (d) made any general  solicitation with respect
      to any Transferred Certificate,  any interest in a Transferred Certificate
      or any other similar  security by means of general  advertising  or in any
      other  manner,  or  (e)  taken  any  other  action  with  respect  to  any
      Transferred Certificate,  any interest in a Transferred Certificate or any
      other similar security, which (in the case of any of the acts described in
      clauses (a) through (e) hereof)  would  constitute a  distribution  of the
      Transferred Certificates under the Securities Act of 1933, as amended (the
      "1933 Act"), would render the disposition of the Transferred  Certificates
      a violation of Section 5 of the 1933 Act or any state  securities laws, or
      would  require   registration   or   qualification   of  the   Transferred
Certificates pursuant to the 1933 Act or any state securities laws. 

                 Very truly yours,

                                        ________________________________________
            (Transferor)

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

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EXHIBIT G-2A  

FORM I OF TRANSFEREE CERTIFICATE  
FOR TRANSFERS OF PRIVATE CERTIFICATES   

[Date]  

The Bank of New York                                                            
101 Barclay Street - 12 E                                                       
New York, New York 10286                                                        

Re:   Bank of America Mortgage  Securities,  Inc.,  Mortgage        
Pass-Through  Certificates,  Series 1999-2, Class ___,  
having an initial aggregate  Certificate Balance as of  
March 25, 1999 of $_________]                           

Ladies and Gentlemen:                                                           

      This  letter  is  delivered  to you in  connection  with the  transfer  by
[_______________] (the "Transferor") to [_________________________________] (the
"Transferee") of the captioned  Certificates (the  "Transferred  Certificates"),
pursuant to Section 6.02 of the Pooling and  Servicing  Agreement  (the "Pooling
and Servicing Agreement"),  dated March 25, 1999, among Bank of America Mortgage
Securities,  Inc., as Depositor,  NationsBanc Mortgage Corporation, as Servicer,
Bank of America,  FSB, as Servicer,  and The Bank of New York,  as Trustee.  All
capitalized  terms  used  herein  and  not  otherwise  defined  shall  have  the
respective  meanings  set forth in the  Pooling  and  Servicing  Agreement.  The
Transferor hereby certifies, represents and warrants to you, as Trustee, that:  

            1. The Transferee is a "qualified institutional buyer" (a "Qualified
      Institutional  Buyer") as that term is defined in Rule 144A ("Rule  144A")
      under the  Securities  Act of 1933,  as amended (the "1933 Act"),  and has
      completed one of the forms of certification to that effect attached hereto
      as ANNEX 1 and  ANNEX 2. The  Transferee  is aware  that the sale to it is
      being made in reliance  on Rule 144A.  The  Transferee  is  acquiring  the
      Transferred Certificates for its own account or for the account of another
      Qualified  Institutional  Buyer,  and  understands  that such  Transferred
      Certificates  may be resold,  pledged or transferred  only (a) to a person
      reasonably  believed to be a Qualified  Institutional Buyer that purchases
      for its own account or for the account of another Qualified  Institutional
      Buyer to whom notice is given that the resale, pledge or transfer is being
      made in reliance on Rule 144A, or (b) pursuant to another  exemption  from
registration under the 1933 Act.                                    

            2. The Transferee has been furnished with all information  regarding
      (a) the Depositor,  (b) the  Transferred  Certificates  and  distributions
      thereon, (c) the nature,  performance and servicing of the Mortgage Loans,
      (d) the Pooling and Servicing  Agreement  and the Trust  created  pursuant
      thereto,  (e)  any  credit  enhancement   mechanism  associated  with  the
      Transferred  Certificate,  and  (f)  all  related  matters,  that  it  has
requested.                                                          

            3. If the Transferee  proposes that the Transferred  Certificates be
      registered  in the name of a  nominee,  such  nominee  has  completed  the
Nominee Acknowledgment below.                                       

                 Very truly yours,

                                        ________________________________________
            (Transferor)

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

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NOMINEE ACKNOWLEDGMENT  

      The undersigned hereby  acknowledges and agrees that as to the Transferred
Certificates  being registered in its name, the sole beneficial owner thereof is
and shall be the Transferee identified above, for whom the undersigned is acting
as nominee.                                                                     

                                        ________________________________________
         (Nominee)

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

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                                                     ANNEX 1 TO EXHIBIT G-2A

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A  

[For Transferees Other Than Registered Investment Companies]  

      The undersigned hereby certifies as follows to  [__________________]  (the
"Transferor") and The Bank of New York, as Trustee, with respect to the mortgage
pass-through  certificates  (the  "Transferred  Certificates")  described in the
Transferee  certificate  to which this  certification  relates and to which this
certification is an Annex:                                                      

      1. As indicated below, the undersigned is the chief financial  officer,  a
person  fulfilling an equivalent  function,  or other  executive  officer of the
entity purchasing the Transferred Certificates (the "Transferee").              

      2. The  Transferee  is a "qualified  institutional  buyer" as that term is
defined in Rule 144A ("Rule 144A") under the Securities Act of 1933, as amended,
because  (i) the  Transferee  owned  and/or  invested on a  discretionary  basis
$______________________1  in  securities  (other  than the  excluded  securities
referred to below) as of the end of the  Transferee's  most  recent  fiscal year
(such  amount  being  calculated  in  accordance  with  Rule  144A) and (ii) the
Transferee satisfies the criteria in the category marked below.                 

-----------------------------                                                   
[FN]                                                                            
1  Transferee  must  own  and/or  invest  on  a  discretionary  basis  at  least
$100,000,000  in securities  unless  Transferee is a dealer,  and, in that case,
Transferee must own and/or invest on a discretionary  basis at least $10,000,000
in securities.                                                                  

      ___   CORPORATION,  ETC. The  Transferee  is a  corporation  (other than a
            bank,   savings  and  loan  association  or  similar   institution),
            Massachusetts  or  similar  business  trust,  partnership,   or  any
            organization  described in Section 501(c)(3) of the Internal Revenue
Code of 1986.                                           

      ___   BANK. The Transferee (a) is a national bank or a banking institution
            organized  under  the  laws  of any  state,  U.S.  territory  or the
            District  of  Columbia,  the  business  of  which  is  substantially
            confined to banking and is  supervised  by the state or  territorial
            banking  commission  or  similar  official  or is a foreign  bank or
            equivalent institution, and (b) has an audited net worth of at least
            $25,000,000  as   demonstrated   in  its  latest  annual   financial
            statements,  a copy of which is  attached  hereto,  as of a date not
            more than 16 months  preceding  the date of sale of the  Transferred
            Certificates in the case of a U.S. bank, and not more than 18 months
            preceding  such  date  of  sale in the  case  of a  foreign  bank or
equivalent institution.                                 

      ___   SAVINGS  AND  LOAN.  The  Transferee  (a)  is  a  savings  and  loan
            association,  building  and  loan  association,   cooperative  bank,
            homestead  association or similar  institution,  which is supervised
            and examined by a state or federal authority having supervision over
            any such institutions,  or is a foreign savings and loan association
            or equivalent institute and (b) has an audited net worth of at least
            $25,000,000  as   demonstrated   in  its  latest  annual   financial
            statements,  A COPY OF WHICH IS  ATTACHED  HERETO,  as of a date not
            more than 16 months  preceding  the date of sale of the  Transferred
            Certificates in the case of a U.S. savings and loan association, and
            not more than 18 months preceding such date of sale in the case of a
       foreign savings and loan association or equivalent institution.

      ___   BROKER-DEALER.  The  Transferee is a dealer  registered  pursuant to
      Section 15 of the Securities Exchange Act of 1934, as amended.

      ___   INSURANCE  COMPANY.  The  Transferee  is an insurance  company whose
            primary  and  predominant   business  activity  is  the  writing  of
            insurance  or the  reinsuring  of risks  underwritten  by  insurance
            companies  and which is  subject  to  supervision  by the  insurance
     commissioner or a similar official or agency of a state, U.S.
territory or the District of Columbia.                  

    ___   STATE OR LOCAL PLAN.  The  Transferee  is a plan  established  and
          maintained by a state, its political  subdivisions,  or any agency
          or  instrumentality  of the state or its  political  subdivisions,
for the benefit of its employees.                       

      ___   ERISA PLAN.  The  Transferee is an employee  benefit plan within the
            meaning of Title I of the Employee Retirement Income Security Act of
1974.                                                   

    ___   INVESTMENT  ADVISOR.  The  Transferee  is  an  investment  advisor
registered under the Investment Advisers Act of 1940.   

      ___   OTHER.  (Please  supply  a brief  description  of the  entity  and a
            cross-reference  to the paragraph and subparagraph  under subsection
            (a)(1)  of Rule  144A  pursuant  to which it  qualifies.  Note  that
            registered  investment companies should complete Annex 2 rather than
this Annex 1.)                                          

      3. The term "SECURITIES" as used herein does not include (i) securities of
issuers that are affiliated with the  Transferee,  (ii) securities that are part
of an unsold  allotment to or subscription by the Transferee,  if the Transferee
is a dealer,  (iii) bank deposit notes and  certificates  of deposit,  (iv) loan
participations,  (v) repurchase agreements, (vi) securities owned but subject to
a repurchase  agreement and (vii) currency,  interest rate and commodity  swaps.
For purposes of  determining  the aggregate  amount of  securities  owned and/or
invested on a  discretionary  basis by the  Transferee,  the  Transferee did not
include any of the securities referred to in this paragraph.                    

      4. For purposes of determining  the aggregate  amount of securities  owned
and/or invested on a discretionary basis by the Transferee,  the Transferee used
the cost of such securities to the Transferee, unless the Transferee reports its
securities  holdings in its  financial  statements  on the basis of their market
value,  and no current  information with respect to the cost of those securities
has been published, in which case the securities were valued at market. Further,
in  determining  such  aggregate  amount,   the  Transferee  may  have  included
securities   owned  by  subsidiaries  of  the  Transferee,   but  only  if  such
subsidiaries  are consolidated  with the Transferee in its financial  statements
prepared in accordance with generally accepted accounting  principles and if the
investments of such  subsidiaries are managed under the Transferee's  direction.
However,   such   securities   were  not  included  if  the   Transferee   is  a
majority-owned, consolidated subsidiary of another enterprise and the Transferee
is not itself a reporting company under the Securities  Exchange Act of 1934, as
amended.                                                                        

      5. The  Transferee  is familiar  with Rule 144A and  understands  that the
Transferor and other parties related to the Transferred Certificates are relying
and will  continue to rely on the  statements  made  herein  because one or more
sales to the Transferee may be in reliance on Rule 144A.                        

  ____  ____           Will the Transferee be purchasing the
  Yes   No             Transferred Certificates only for the
           Transferee's own account?

      6. If the  answer to the  foregoing  question  is "no,"  then in each case
where the  Transferee  is  purchasing  for an account  other than its own,  such
account  belongs  to a third  party  that is itself a  "qualified  institutional
buyer" within the meaning of Rule 144A, and the "qualified  institutional buyer"
status of such third party has been established by the Transferee through one or
more of the appropriate methods contemplated by Rule 144A.                      

      7.  The  Transferee  will  notify  each  of  the  parties  to  which  this
certification is made of any changes in the information and conclusions  herein.
Until  such  notice is  given,  the  Transferee's  purchase  of the  Transferred
Certificates  will constitute a reaffirmation  of this  certification  as of the
date of such purchase.  In addition,  if the Transferee is a bank or savings and
loan as provided  above,  the  Transferee  agrees  that it will  furnish to such
parties any updated  annual  financial  statements  that become  available on or
before the date of such purchase, promptly after they become available.         

                                             ___________________________________
                                  Print Name of Transferee

                                             By:________________________________
                                             Name:______________________________
                                             Title:_____________________________
                                             Date:______________________________

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                                                     ANNEX 2 TO EXHIBIT G-2A

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A  

[For Transferees That Are Registered Investment Companies]  

      The undersigned  hereby certifies as follows to  [_________________]  (the
"Transferor") and The Bank of New York, as Trustee, with respect to the mortgage
pass-through  certificates  (the  "Transferred  Certificates")  described in the
Transferee  certificate  to which this  certification  relates and to which this
certification is an Annex:                                                      

      1. As indicated below, the undersigned is the chief financial  officer,  a
person  fulfilling an equivalent  function,  or other  executive  officer of the
entity  purchasing the Transferred  Certificates  (the  "Transferee") or, if the
Transferee is a "qualified  institutional buyer" as that term is defined in Rule
144A ("Rule 144A") under the  Securities  Act of 1933,  as amended,  because the
Transferee is part of a Family of Investment Companies (as defined below), is an
executive officer of the investment adviser (the "Adviser").                    

      2. The Transferee is a "qualified  institutional buyer" as defined in Rule
144A because (i) the Transferee is an investment  company  registered  under the
Investment  Company Act of 1940, and (ii) as marked below,  the Transferee alone
owned and/or invested on a discretionary  basis, or the  Transferee's  Family of
Investment  Companies owned, at least $100,000,000 in securities (other than the
excluded  securities  referred to below) as of the end of the Transferee's  most
recent fiscal year. For purposes of determining  the amount of securities  owned
by the Transferee or the Transferee's Family of Investment  Companies,  the cost
of such  securities  was  used,  unless  the  Transferee  or any  member  of the
Transferee's  Family of Investment  Companies,  as the case may be,  reports its
securities  holdings in its  financial  statements  on the basis of their market
value,  and no current  information with respect to the cost of those securities
has been  published,  in which case the securities of such entity were valued at
market.                                                                         

      ____  The  Transferee  owned  and/or  invested  on a  discretionary  basis
            $____________________   in  securities   (other  than  the  excluded
            securities referred to below) as of the end of the Transferee's most
            recent fiscal year (such amount being  calculated in accordance with
Rule 144A).                                             

      ____  The  Transferee  is part of a Family of Investment  Companies  which
            owned in the aggregate $__________________ in securities (other than
            the  excluded  securities  referred  to  below) as of the end of the
            Transferee's  most recent fiscal year (such amount being  calculated
in accordance with Rule 144A).                          

      3. The term "FAMILY OF  INVESTMENT  COMPANIES" as used herein means two or
more  registered  investment  companies  (or series  thereof) that have the same
investment  adviser or  investment  advisers that are  affiliated  (by virtue of
being majority owned  subsidiaries  of the same parent or because one investment
adviser is a majority owned subsidiary of the other).                           

      4. The term "SECURITIES" as used herein does not include (i) securities of
issuers that are affiliated with the Transferee or are part of the  Transferee's
Family of  Investment  Companies,  (ii) bank deposit notes and  certificates  of
deposit, (iii) loan participations,  (iv) repurchase agreements,  (v) securities
owned but subject to a repurchase agreement and (vi) currency, interest rate and
commodity  swaps. For purposes of determining the aggregate amount of securities
owned and/or  invested on a discretionary  basis by the Transferee,  or owned by
the Transferee's Family of Investment  Companies,  the securities referred to in
this paragraph were excluded.                                                   

      5. The  Transferee  is familiar  with Rule 144A and  understands  that the
Transferor and other parties related to the Transferred Certificates are relying
and will  continue to rely on the  statements  made  herein  because one or more
sales to the Transferee will be in reliance on Rule 144A.                       

  ____  ____           Will the Transferee be purchasing the
  Yes   No             Transferred Certificates only for the
           Transferee's own account?

      6. If the  answer to the  foregoing  question  is "no,"  then in each case
where the  Transferee  is  purchasing  for an account  other than its own,  such
account  belongs  to a third  party  that is itself a  "qualified  institutional
buyer" within the meaning of Rule 144A, and the "qualified  institutional buyer"
status of such third party has been established by the Transferee through one or
more of the appropriate methods contemplated by Rule 144A.                      

      7. The undersigned will notify the parties to which this  certification is
made of any  changes  in the  information  and  conclusions  herein.  Until such
notice,  the  Transferee's   purchase  of  the  Transferred   Certificates  will
constitute a reaffirmation  of this  certification  by the undersigned as of the
date of such purchase.                                                          

                                             ___________________________________
                                             Print Name of Transferee or Adviser

                                             By:________________________________
                                             Name:______________________________
                                             Title:_____________________________

                        IF AN ADVISER:

                                             ___________________________________
                                  Print Name of Transferee

                                             By:________________________________
                                             Date:______________________________

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EXHIBIT G-2B  

FORM II OF TRANSFEREE CERTIFICATE   
FOR TRANSFERS OF PRIVATE CERTIFICATES   

[Date]  

The Bank of New York                                                            
101 Barclay Street-12 E                                                         
New York, New York 10286                                                        

Re:   Bank of America Mortgage  Securities,  Inc.,  Mortgage        
Pass-Through  Certificates,  Series 1999-2, Class ___,  
having  an  initial  aggregate  Certificate  Principal  
Balance as of March 25, 1999 of $_________              

Ladies and Gentlemen:                                                           

      This  letter  is  delivered  to you in  connection  with the  transfer  by
[_______________________]            (the            "Transferor")            to
[_________________________________]   (the   "Transferee")   of  the   captioned
Certificates (the "Transferred  Certificates"),  pursuant to Section 6.02 of the
Pooling and Servicing Agreement (the "Pooling and Servicing  Agreement"),  dated
March 25, 1999, among Bank of America Mortgage  Securities,  Inc., as Depositor,
NationsBanc Mortgage Corporation, as Servicer, Bank of America, FSB as Servicer,
and The Bank of New York, as Trustee.  All capitalized terms used herein and not
otherwise  defined shall have the  respective  meanings set forth in the Pooling
and  Servicing  Agreement.  The  Transferor  hereby  certifies,  represents  and
warrants to you, as Trustee, that:                                              

      1.  Transferee  is  acquiring  the  Transferred  Certificates  for its own
account  for  investment  and not  with a view to or for  sale  or  transfer  in
connection  with any  distribution  thereof,  in whole or in part, in any manner
which would violate the Securities Act of 1933, as amended (the "1933 Act"),  or
any applicable state securities laws.                                           

      2. Transferee  understands that (a) the Transferred  Certificates have not
been and will not be  registered  under the 1933 Act or  registered or qualified
under any applicable  state  securities  laws, (b) neither the Depositor nor the
Trustee is obligated so to register or qualify the Transferred  Certificates and
(c) neither the  Transferred  Certificates  nor any security  issued in exchange
therefor or in lieu thereof may be resold or  transferred  unless such resale or
transfer is exempt from the  registration  requirements  of the 1933 Act and any
applicable  state securities laws or is made in accordance with the 1933 Act and
laws,  in which case (i) unless the  transfer  is made in  reliance on Rule 144A
under the 1933 Act, the Trustee or the Depositor  may require a written  Opinion
of  Counsel  (which  may be  in-house  counsel)  acceptable  to and in form  and
substance  reasonably  satisfactory  to the Trustee and the Depositor  that such
transfer  may be  made  pursuant  to an  exemption,  describing  the  applicable
exemption  and the basis  therefor,  from the 1933 Act and such laws or is being
made pursuant to the 1933 Act and such laws,  which Opinion of Counsel shall not
be an expense of the Trustee or the Depositor and (ii) the Trustee shall require
a  certificate  from the  Certificateholder  desiring  to effect  such  transfer
substantially  in the form  attached to the Pooling and  Servicing  Agreement as
EXHIBIT  G-1  and  a  certificate  from  such  Certificateholder's   prospective
transferee  substantially  in the form  attached to the  Pooling  and  Servicing
Agreement  either as EXHIBIT G-2A or as EXHIBIT G-2B, which  certificates  shall
not be an expense of the Trustee or the  Depositor;  provided that the foregoing
requirements  under  clauses  (i) and (ii)  shall not apply to a  transfer  of a
Private Certificate between or among the Depositor, the Seller, their affiliates
or both.                                                                        

      3. The Transferee  understands that it may not sell or otherwise  transfer
the Transferred  Certificates,  any security  issued in exchange  therefor or in
lieu  thereof or any interest in the  foregoing  except in  compliance  with the
provisions  of  Section  6.02 of the  Pooling  and  Servicing  Agreement,  which
provisions it has carefully reviewed, and that the Transferred Certificates will
bear legends substantially to the following effect:                             

      THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
      AS AMENDED  (THE "1933 ACT").  ANY RESALE OR TRANSFER OF THIS  CERTIFICATE
      WITHOUT  REGISTRATION  THEREOF  UNDER  THE  1933 ACT MAY ONLY BE MADE IN A
      TRANSACTION  EXEMPTED FROM THE  REGISTRATION  REQUIREMENTS OF THE 1933 ACT
      AND IN  ACCORDANCE  WITH  THE  PROVISIONS  OF THE  POOLING  AND  SERVICING
AGREEMENT REFERRED TO HEREIN.                                       

      UNDER  CURRENT LAW THE PURCHASE AND HOLDING OF THIS  CERTIFICATE  BY OR ON
      BEHALF  OF  ANY  EMPLOYEE  BENEFIT  PLAN  OR  ARRANGEMENT,   INCLUDING  AN
      INDIVIDUAL  RETIREMENT ACCOUNT,  SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED  ("ERISA"),  THE INTERNAL REVENUE CODE OF
      1986,  AS  AMENDED  (THE  "CODE"),  OR ANY  FEDERAL,  STATE OR  LOCAL  LAW
      ("SIMILAR  LAW")  WHICH IS SIMILAR TO ERISA OR THE CODE  (COLLECTIVELY,  A
      "PLAN"),  MAY RESULT IN  "PROHIBITED  TRANSACTIONS"  WITHIN THE MEANING OF
      ERISA,  THE CODE OR SIMILAR LAW.  TRANSFER OF THIS CERTIFICATE WILL NOT BE
      MADE  UNLESS  THE  TRANSFEREE   DELIVERS  TO  THE  TRUSTEE  EITHER  (I)  A
      REPRESENTATION  LETTER, IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE,
      STATING  THAT (A) IT IS NOT, AND IS NOT ACTING ON BEHALF OF, ANY SUCH PLAN
      OR USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH  PURCHASE OR (B) IF IT
      IS AN INSURANCE  COMPANY,  THAT THE SOURCE OF FUNDS USED TO PURCHASE  THIS
      CERTIFICATE  IS AN "INSURANCE  COMPANY  GENERAL  ACCOUNT" (AS SUCH TERM IS
      DEFINED IN SECTION V(E) OF PROHIBITED  TRANSACTION  CLASS  EXEMPTION 95-60
      ("PTE 95-60"),  60 FED. REG.  35925 (JULY 12, 1995)),  THERE IS NO BENEFIT
      PLAN WITH RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL  ACCOUNT'S  RESERVES
      AND LIABILITIES  FOR THE CONTRACT(S)  HELD BY OR ON BEHALF OF SUCH BENEFIT
      PLAN AND ALL OTHER  BENEFIT  PLANS  MAINTAINED  BY THE SAME  EMPLOYER  (OR
      AFFILIATE  THEREOF AS  DEFINED IN SECTION  V(A)(1) OF PTE 95-60) OR BY THE
      SAME  EMPLOYEE  ORGANIZATION  EXCEEDS 10% OF THE TOTAL OF ALL RESERVES AND
      LIABILITIES OF SUCH GENERAL ACCOUNT (AS SUCH AMOUNTS ARE DETERMINED  UNDER
      SECTION I(A) OF PTE 95-60) AT THE DATE OF  ACQUISITION  AND ALL PLANS THAT
      HAVE AN  INTEREST  IN SUCH  GENERAL  ACCOUNT  ARE PLANS TO WHICH PTE 95-60
      APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
      TO THE  TRUSTEE  AND THE  SERVICERS,  TO THE EFFECT  THAT THE  PURCHASE OR
      HOLDING OF THIS  CERTIFICATE  BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT
      IN THE ASSETS OF THE TRUST BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO
      THE PROHIBITED  TRANSACTION  PROVISIONS OF ERISA,  THE CODE OR SIMILAR LAW
      AND WILL NOT SUBJECT THE  DEPOSITOR,  THE  SERVICERS OR THE TRUSTEE TO ANY
      OBLIGATION  IN ADDITION TO THOSE  UNDERTAKEN  IN THE POOLING AND SERVICING
      AGREEMENT.  EACH PERSON WHO  ACQUIRES  THIS  CERTIFICATE  OR ANY  INTEREST
      THEREIN SHALL BE DEEMED TO HAVE MADE THE  REPRESENTATIONS  REQUIRED BY THE
      REPRESENTATION  LETTER  REFERRED TO IN THE PRECEDING  SENTENCE UNLESS SUCH
      PERSON SHALL HAVE  PROVIDED SUCH  REPRESENTATION  LETTER OR THE OPINION OF
      COUNSEL REFERRED TO IN THE PRECEDING SENTENCE TO THE TRUSTEE.  THE POOLING
      AND SERVICING  AGREEMENT PROVIDES THAT ANY ATTEMPTED OR PURPORTED TRANSFER
      IN VIOLATION OF THESE TRANSFER RESTRICTIONS WILL BE NULL AND VOID AND WILL
VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.                         

      4. Neither the Transferee nor anyone acting on its behalf has (a) offered,
transferred, pledged, sold or otherwise disposed of any Transferred Certificate,
any interest in a Transferred  Certificate or any other similar  security to any
person in any  manner,  (b)  solicited  any  offer to buy or accept a  transfer,
pledge or other  disposition of any Transferred  Certificate,  any interest in a
Transferred  Certificate  or any other  similar  security from any person in any
manner,  (c) otherwise  approached or negotiated with respect to any Transferred
Certificate,  any interest in a  Transferred  Certificate  or any other  similar
security  with any person in any manner,  (d) made any general  solicitation  by
means of  general  advertising  or in any other  manner,  or (e) taken any other
action,  that (in the case of any of the acts  described  in clauses (a) through
(e) above) would constitute a distribution of the Transferred Certificates under
the 1933 Act,  would render the  disposition of the  Transferred  Certificates a
violation  of  Section  5 of the 1933 Act or any state  securities  law or would
require registration or qualification of the Transferred  Certificates  pursuant
thereto.  The  Transferee  will  not  act,  nor has it  authorized  nor  will it
authorize any person to act, in any manner set forth in the  foregoing  sentence
with respect to the  Transferred  Certificates,  any interest in the Transferred
Certificates or any other similar security.                                     

      5. The Transferee has been  furnished with all  information  regarding (a)
the Depositor,  (b) the Transferred  Certificates and distributions thereon, (c)
nature,  performance and servicing of the Mortgage  Loans.,  (d) the Pooling and
Servicing  Agreement  and the Trust  created  pursuant  thereto,  (e) any credit
enhancement mechanism associated with the Transferred Certificates,  and (f) all
related matters, that it has requested.                                         

      6. The  Transferee  is an  "accredited  investor"  within  the  meaning of
paragraph  (1),  (2), (3) or (7) of Rule 501 (a) under the 1933 Act or an entity
in  which  all the  equity  owners  come  within  such  paragraphs  and has such
knowledge and  experience in financial and business  matters as to be capable of
evaluating   the  merits  and  risks  of  an  investment   in  the   Transferred
Certificates; the Transferee has sought such accounting, legal and tax advice as
it has considered  necessary to make an informed  investment  decision;  and the
Transferee  is able to bear the  economic  risks of such an  investment  and can
afford a complete loss of such investment.                                      

      7.  If the  Transferee  proposes  that  the  Transferred  Certificates  be
registered  in the name of a nominee,  such  nominee has  completed  the Nominee
Acknowledgment below.                                                           

                           Very truly yours,

                                             ___________________________________
                      (Transferee)

                                             By:________________________________
                                             Name:______________________________
                                             Title:_____________________________
                                             Date:______________________________

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NOMINEE ACKNOWLEDGMENT  

      The undersigned hereby  acknowledges and agrees that as to the Transferred
Certificates  being registered in its name, the sole beneficial owner thereof is
and shall be the Transferee identified above, for whom the undersigned is acting
as nominee.                                                                     

                                             ___________________________________
                 (Nominee)

                                             By:________________________________
                                             Name:______________________________
                                             Title:_____________________________

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EXHIBIT H   

FORM OF TRANSFEREE REPRESENTATION LETTER  
FOR BENEFIT PLAN-RESTRICTED CERTIFICATES  

The Bank of New York                                                            
101 Barclay Street - 12 E                                                       
New York, New York 10286                                                        

Re:   Bank of America Mortgage  Securities,  Inc.,  Mortgage        
Pass-Through  Certificates,  Series 1999-2, Class ___,  
having  an  initial  aggregate  Certificate  Principal  
Balance as of March 25, 1999 of $_________              

Ladies and Gentlemen:                                                           

      This  letter  is  delivered  to you in  connection  with the  transfer  by
[_______________________]            (the            "Transferor")            to
[________________________________]   (the   "Transferee")   of   the   captioned
Certificates (the "Transferred  Certificates"),  pursuant to Section 6.02 of the
Pooling and Servicing Agreement (the "Pooling and Servicing  Agreement"),  dated
March 25, 1999, among Bank of America Mortgage  Securities,  Inc., as Depositor,
NationsBanc  Mortgage  Corporation,  as  Servicer,  Bank  of  America,  FSB,  as
Servicer,  and The Bank of New York,  as  Trustee.  All  capitalized  terms used
herein and not otherwise defined shall have the respective meanings set forth in
the Pooling and Servicing Agreement.                                            

      The  Transferee  hereby  certifies,  represents  and  warrants  to you, as
Trustee, either that:                                                           

      (a) it is not, and is not acting on behalf of, an employee benefit plan or
arrangement, including an individual retirement account, subject to the Employee
Retirement  Income  Security  Act of 1974,  as amended  ("ERISA"),  the Internal
Revenue Code of 1986,  as amended (the "Code"),  or any federal,  state or local
law  ("Similar  Law")  which is  similar to ERISA or the Code  (collectively,  a
"Plan"),  and it is not using the assets of any such Plan to effect the purchase
of the Transferred Certificates; or                                             

      (b) it is an  insurance  company  and the source of funds used to purchase
the  Transferred  Certificates  is an "insurance  company  general  account" (as
defined in Section V(e) of Prohibited  Transaction  Class  Exemption 95-60 ("PTE
95-60"),  60 Fed. Reg. 35925 (July 12, 1995)),  there is no Plan with respect to
which the amount of such  general  account's  reserves and  liabilities  for the
contract(s)  held by or on behalf of such Plan and all other Plans maintained by
the same  employer (or  affiliate  thereof as defined in Section  V(a)(1) of PTE
95-60)  or by the same  employee  organization  exceeds  10% of the total of all
reserves and liabilities of such general account (as such amounts are determined
under Section I(a) of PTE 95-60) at the date of  acquisition  and all Plans that
have an interest in such general account are Plans to which PTE 95-60 applies.  

Capitalized  terms  used in and not  otherwise  defined  herein  shall  have the
meaning assigned to them in the Pooling and Servicing Agreement.                

                           Very truly yours,

                                             ___________________________________
                      (Transferee)

                                             By:________________________________
                                             Name:______________________________
                                             Title:_____________________________
                                             Date:______________________________

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EXHIBIT I   

FORM OF AFFIDAVIT REGARDING TRANSFER OF   
RESIDUAL CERTIFICATES PURSUANT TO SECTION 6.02  

Bank of America Mortgage Securities, Inc.   
Mortgage Pass-Through Certificates,   
Series 1999-2   

STATE OF               )                                                        
)  ss.:                           
COUNTY OF              )                                                        

 The undersigned, being first duly sworn, deposes and says as follows:

      1. The undersigned is an officer of  _______________________________,  the
proposed  transferee (the  "Transferee")  of the Class [A-R] [A-LR]  Certificate
(the  "Certificate")  issued  pursuant to the Pooling and  Servicing  Agreement,
dated  March 25,  1999,  (the  "Agreement"),  relating  to the  above-referenced
Series,  by and among Bank of America  Mortgage  Securities,  Inc., as depositor
(the  "Depositor"),  NationsBanc  Mortgage  Corporation,  as  servicer,  Bank of
America,  FSB as  servicer,  and The Bank of New York,  as trustee.  Capitalized
terms used but not defined herein shall have the meanings ascribed to such terms
in the Agreement.  The  Transferee  has authorized the  undersigned to make this
affidavit on behalf of the Transferee.                                          

      2. The Transferee  is, as of the date hereof,  and will be, as of the date
of the transfer, a Permitted  Transferee.  The Transferee is acquiring the Class
[A-R]  [A-LR]  Certificate  either (i) for its own  account or (ii) as  nominee,
trustee  or agent for  another  Person  who is a  Permitted  Transferee  and has
attached hereto an affidavit from such Person in substantially  the same form as
this  affidavit.  The  Transferee  has no knowledge  that any such  affidavit is
false.                                                                          

      3. The Transferee has been advised of, and understands that (i) a tax will
be imposed on Transfers of the Class [A-R]  [A-LR]  Certificate  to Persons that
are not Permitted Transferees;  (ii) such tax will be imposed on the transferor,
or, if such  Transfer is through an agent (which  includes a broker,  nominee or
middleman) for a Person that is not a Permitted  Transferee,  on the agent;  and
(iii) the Person otherwise liable for the tax shall be relieved of liability for
the tax if the subsequent  Transferee furnished to such Person an affidavit that
such  subsequent  Transferee  is a  Permitted  Transferee  and,  at the  time of
Transfer,  such Person  does not have actual  knowledge  that the  affidavit  is
false.                                                                          

      4. The Transferee has been advised of, and understands  that a tax will be
imposed on a "pass-through entity" holding the Certificate if at any time during
the  taxable  year of the  pass-through  entity a Person that is not a Permitted
Transferee  is the record Holder of an interest in such entity.  The  Transferee
understands  that,  other than in the case of an  "electing  large  partnership"
under Section 775 of the Code,  such tax will not be imposed for any period with
respect to which the  record  Holder  furnishes  to the  pass-through  entity an
affidavit that such record Holder is a Permitted Transferee and the pass-through
entity does not have actual  knowledge that such  affidavit is false.  (For this
purpose, a "pass-through entity" includes a regulated investment company, a real
estate  investment  trust or common trust fund, a partnership,  trust or estate,
and certain cooperatives and, except as may be provided in Treasury Regulations,
persons  holding  interests  in  pass-through  entities as a nominee for another
Person.)                                                                        

      5. The  Transferee  has  reviewed  the  provisions  of Section 6.02 of the
Agreement and understands the legal consequences of the acquisition of the Class
[A-R] [A-LR]  Certificate  including,  without  limitation,  the restrictions on
subsequent  Transfers  and the  provisions  regarding  voiding the  transfer and
mandatory sales. The Transferee  expressly agrees to be bound by and to abide by
the  provisions of Section 6.02 of the Agreement and the  restrictions  noted on
the face of the  Certificate.  The  Transferee  understands  and agrees that any
breach of any of the  representations  included herein shall render the Transfer
to the Transferee contemplated hereby null and void.                            

      6. The  Transferee  agrees to require a transfer  affidavit in the form of
this Affidavit  from any Person to whom the Transferee  attempts to Transfer its
Class [A-R] [A-LR] Certificate,  and in connection with any Transfer by a Person
for whom the  Transferee  is  acting  as  nominee,  trustee  or  agent,  and the
Transferee  will not Transfer its Class [A-R]  [A-LR]  Certificate  or cause any
Class  [A-R]  [A-LR]  Certificate  to be  transferred  to any  Person  that  the
Transferee knows is not a Permitted Transferee.                                 

      7. The Transferee historically has paid its debts as they have become due.

      8. The Transferee  does not have the intention to impede the assessment or
collection  of any tax  legally  required  to be paid with  respect to the Class
[A-R] [A-LR] Certificate.                                                       

      9.  The Transferee's  taxpayer identification number is __________________
_______________.                                                                

      10.  The  Transferee  is  a  U.S.   Person  as  defined  in  Code  Section
7701(a)(30).                                                                    

      11. The Transferee is aware that the Class [A-R] [A-LR] Certificate may be
a  "noneconomic  residual  interest"  within the  meaning of  proposed  Treasury
regulations  promulgated  pursuant  to the Code and  that  the  transferor  of a
noneconomic  residual interest will remain liable for any taxes due with respect
to the income on such residual  interest,  unless no significant  purpose of the
transfer was to impede the  assessment  or  collection  of tax.  The  Transferee
understands  that it may incur tax  liabilities  with respect to the Class [A-R]
[A-LR] Certificate in excess of cash flows generated thereby,  and agrees to pay
taxes  associated with holding the Class [A-R] [A-LR]  Certificate as such taxes
become due.                                                                     

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      12.  The  Transferee  is not an  employee  benefit  plan  or  arrangement,
including an individual  retirement  account,  subject to ERISA, the Code or any
federal,  state or local law  which is  similar  to ERISA or the  Code,  and the
Transferee is not acting on behalf of such a plan or arrangement.               

* * *   

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      IN WITNESS  WHEREOF,  the  Transferee  has caused  this  instrument  to be
executed on its behalf,  pursuant to authority of its Board of Directors, by its
duly  authorized  officer and its corporate  seal to be hereunto  affixed,  duly
attested, this _____ day of ________________, ____.                             

                                         _______________________________________
                          Print Name of Transferee

                                         By:____________________________________
               Name:
                Title:
[Corporate Seal]                                                                

ATTEST:                                                                         

______________________________                                                  
[Assistant] Secretary                                                           

      Personally  appeared before me  the above-named __________________________
______________________________,  known or proved  to me to be the same  person  
who executed the foregoing  instrument  and to be the  _______________________  
of the Transferee,  and acknowledged that he executed the same as his free act  
and deed and the free act and deed of the Transferee.                           

      Subscribed and  sworn  before me this _____ day of _______________, _____.

                                 NOTARY PUBLIC

                             My Commission expires the ____ day of
            ______________, ____

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 EXHIBIT J

 CONTENTS OF EACH SERVICER MORTGAGE FILE

1.  Copies of Mortgage Loans Documents.                 

2.  Residential loan application.                       

3.  Mortgage Loan closing statement.                    

4.  Verification of employment and income, if required. 

            5.  Verification  of  acceptable  evidence  of source  and amount of
downpayment.                                    

            6.  Credit report on Mortgagor,  in a form acceptable to either FNMA
or FHLMC.                                       

7.  Residential appraisal report.                       

8.  Photograph of the Mortgaged Property.               

            9.  Survey  of  the  Mortgaged  Property,  unless  a  survey  is not
required by the title insurer.                  

            10. Copy of each instrument necessary to complete  identification of
                any exception set forth  in  the exception schedule in the title
                policy, i.e., map or plat,  restrictions,  easements, home owner
association declarations, etc.                  

11. Copies of all required disclosure statements.       

            12. If applicable,  termite report,  structural  engineer's  report,
water potability and septic certification.      

13. Sales Contract, if applicable.                      

            14. The Primary  Insurance  Policy or certificate of insurance or an
                electronic  notation  of  the existence  of  such policy,  where
required pursuant to the Agreement.             

            15. Evidence of electronic  notation of the hazard insurance policy,
               and if required by law, evidence of the flood insurance policy.

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EXHIBIT K   

PAC and TAC Tables  

                                                        [Enlarge/Download Table]

PERIOD                          A11PAC         A12PAC       A14 PAC     TAC (A13 and A14 TAC)
                                                                                             
   1    April 25, 1999      50,559,000.00  48,883,000.00  4,948,000.00     106,169,360.20    
   2    May 25, 1999        50,559,000.00  48,883,000.00  4,948,000.00     105,637,380.91    
   3    June 25, 1999       50,559,000.00  48,883,000.00  4,948,000.00     105,007,261.14    
   4    July 25, 1999       50,559,000.00  48,883,000.00  4,948,000.00     104,279,231.26    
   5    August 25, 1999     50,559,000.00  48,883,000.00  4,948,000.00     103,453,646.23    
   6    September 25, 1999  50,559,000.00  48,883,000.00  4,948,000.00     102,530,985.89    
   7    October 25, 1999    50,559,000.00  48,883,000.00  4,948,000.00     101,511,855.01    
   8    November 25, 1999   50,559,000.00  48,883,000.00  4,948,000.00     100,396,983.08    
   9    December 25, 1999   50,559,000.00  48,883,000.00  4,948,000.00      99,187,223.82    
  10    January 25, 2000    50,559,000.00  48,883,000.00  4,948,000.00      97,883,554.42    
  11    February 25, 2000   50,559,000.00  48,883,000.00  4,948,000.00      96,487,074.56    
  12    March 25, 2000      49,750,691.51  48,883,000.00  4,948,000.00      95,807,313.58    
  13    April 25, 2000      48,895,749.35  48,883,000.00  4,948,000.00      95,083,937.13    
  14    May 25, 2000        47,994,599.59  48,883,000.00  4,948,000.00      94,317,977.45    
  15    June 25, 2000       47,047,698.20  48,883,000.00  4,948,000.00      93,510,552.61    
  16    July 25, 2000       46,055,530.80  48,883,000.00  4,948,000.00      92,662,864.44    
  17    August 25, 2000     45,018,612.20  48,883,000.00  4,948,000.00      91,776,196.38    
  18    September 25, 2000  43,937,486.00  48,883,000.00  4,948,000.00      90,851,911.04    
  19    October 25, 2000    42,812,724.16  48,883,000.00  4,948,000.00      89,891,447.53    
  20    November 25, 2000   41,644,926.50  48,883,000.00  4,948,000.00      88,896,318.65    
  21    December 25, 2000   40,434,720.21  48,883,000.00  4,948,000.00      87,868,107.77    
  22    January 25, 2001    39,182,759.26  48,883,000.00  4,948,000.00      86,808,465.68    
  23    February 25, 2001   37,889,723.89  48,883,000.00  4,948,000.00      85,719,107.04    
  24    March 25, 2001      36,556,319.97  48,883,000.00  4,948,000.00      84,601,806.86    
  25    April 25, 2001      35,183,278.38  48,883,000.00  4,948,000.00      83,458,396.64    
  26    May 25, 2001        33,771,354.35  48,883,000.00  4,948,000.00      82,290,760.48    
  27    June 25, 2001       32,321,326.79  48,883,000.00  4,948,000.00      81,100,830.94    
  28    July 25, 2001       30,833,997.56  48,883,000.00  4,948,000.00      79,890,584.86    
  29    August 25, 2001     29,310,190.74  48,883,000.00  4,948,000.00      78,662,038.97    
  30    September 25, 2001  27,796,469.48  48,883,000.00  4,948,000.00      77,460,633.38    
  31    October 25, 2001    26,292,769.06  48,883,000.00  4,948,000.00      76,285,915.58    
  32    November 25, 2001   24,799,025.18  48,883,000.00  4,948,000.00      75,137,439.64    
  33    December 25, 2001   23,315,173.97  48,883,000.00  4,948,000.00      74,014,766.10    
  34    January 25, 2002    21,841,151.98  48,883,000.00  4,948,000.00      72,917,461.91    
  35    February 25, 2002   20,376,896.18  48,883,000.00  4,948,000.00      71,845,100.32    
  36    March 25, 2002      18,922,343.93  48,883,000.00  4,948,000.00      70,797,260.80    
  37    April 25, 2002      17,477,433.02  48,883,000.00  4,948,000.00      69,773,528.96    
  38    May 25, 2002        16,042,101.63  48,883,000.00  4,948,000.00      68,773,496.45    
  39    June 25, 2002       14,616,288.37  48,883,000.00  4,948,000.00      67,796,760.86    
  40    July 25, 2002       13,199,932.23  48,883,000.00  4,948,000.00      66,842,925.68    
  41    August 25, 2002     11,792,972.60  48,883,000.00  4,948,000.00      65,911,600.20    
  42    September 25, 2002  10,395,349.29  48,883,000.00  4,948,000.00      65,002,399.37    
  43    October 25, 2002     9,007,002.46  48,883,000.00  4,948,000.00      64,114,943.85    
  44    November 25, 2002    7,627,872.71  48,883,000.00  4,948,000.00      63,248,859.79    
  45    December 25, 2002    6,257,901.00  48,883,000.00  4,948,000.00      62,403,778.84    
  46    January 25, 2003     4,897,028.68  48,883,000.00  4,948,000.00      61,579,338.05    
  47    February 25, 2003    3,545,197.49  48,883,000.00  4,948,000.00      60,775,179.78    
  48    March 25, 2003       2,202,349.56  48,883,000.00  4,948,000.00      59,990,951.63    
  49    April 25, 2003         868,427.37  48,883,000.00  4,948,000.00      59,226,306.39    
  50    May 25, 2003                    0  48,426,373.81  4,948,000.00      58,480,901.94    
  51    June 25, 2003                      47,110,132.13  4,948,000.00      57,754,401.19    
  52    July 25, 2003                      45,802,645.95  4,948,000.00      57,046,472.00    
  53    August 25, 2003                    44,503,859.25  4,948,000.00      56,356,787.13    
  54    September 25, 2003                 43,213,716.40  4,948,000.00      55,685,024.14    
  55    October 25, 2003                   41,932,162.12  4,948,000.00      55,030,865.36    
  56    November 25, 2003                  40,659,141.51  4,948,000.00      54,393,997.75    
  57    December 25, 2003                  39,394,599.99  4,948,000.00      53,774,112.98    
  58    January 25, 2004                   38,138,483.39  4,948,000.00      53,170,907.17    
  59    February 25, 2004                  36,890,737.85  4,948,000.00      52,584,081.00    
  60    March 25, 2004                     35,651,309.90  4,948,000.00      52,013,339.52    
  61    April 25, 2004                     34,437,093.53  4,948,000.00      51,476,649.05    
  62    May 25, 2004                       33,231,014.08  4,948,000.00      50,955,312.36    
  63    June 25, 2004                      32,033,018.92  4,948,000.00      50,449,047.92    
  64    July 25, 2004                      30,843,055.78  4,948,000.00      49,957,578.37    
  65    August 25, 2004                    29,661,072.70  4,948,000.00      49,480,630.49    
  66    September 25, 2004                 28,487,018.07  4,948,000.00      49,017,935.10    
  67    October 25, 2004                   27,320,840.63  4,948,000.00      48,569,227.01    
  68    November 25, 2004                  26,162,489.43  4,948,000.00      48,134,245.01    
  69    December 25, 2004                  25,011,913.87  4,948,000.00      47,712,731.72    
  70    January 25, 2005                   23,869,063.66  4,948,000.00      47,304,433.64    
  71    February 25, 2005                  22,733,888.87  4,948,000.00      46,909,101.01    
  72    March 25, 2005                     21,606,339.86  4,948,000.00      46,526,487.81    
  73    April 25, 2005                     20,521,366.63  4,948,000.00      46,132,360.04    
  74    May 25, 2005                       19,471,062.12  4,948,000.00      45,723,196.21    
  75    June 25, 2005                      18,454,361.82  4,948,000.00      45,299,777.90    
  76    July 25, 2005                      17,470,233.32  4,948,000.00      44,862,858.39    
  77    August 25, 2005                    16,517,675.32  4,948,000.00      44,413,163.63    
  78    September 25, 2005                 15,595,716.73  4,948,000.00      43,951,393.10    
  79    October 25, 2005                   14,703,415.75  4,948,000.00      43,478,220.62    
  80    November 25, 2005                  13,839,859.01  4,948,000.00      42,994,295.24    
  81    December 25, 2005                  13,004,160.70  4,948,000.00      42,500,242.00    
  82    January 25, 2006                   12,195,461.77  4,948,000.00      41,996,662.70    
  83    February 25, 2006                  11,412,929.11  4,948,000.00      41,484,136.69    
  84    March 25, 2006                     10,655,754.79  4,948,000.00      40,963,221.55    
  85    April 25, 2006                      9,961,787.66  4,948,000.00      40,416,111.85    
  86    May 25, 2006                        9,290,392.14  4,948,000.00      39,862,576.89    
  87    June 25, 2006                       8,640,860.49  4,948,000.00      39,303,087.55    
  88    July 25, 2006                       8,012,506.66  4,948,000.00      38,738,096.20    
  89    August 25, 2006                     7,404,665.67  4,948,000.00      38,168,037.31    
  90    September 25, 2006                  6,816,692.91  4,948,000.00      37,593,328.10    
  91    October 25, 2006                    6,247,963.56  4,948,000.00      37,014,369.11    
  92    November 25, 2006                   5,697,872.00  4,948,000.00      36,431,544.68    
  93    December 25, 2006                   5,165,831.21  4,948,000.00      35,845,223.57    
  94    January 25, 2007                    4,651,272.21  4,948,000.00      35,255,759.44    
  95    February 25, 2007                   4,153,643.52  4,948,000.00      34,663,491.38    
  96    March 25, 2007                      3,672,410.63  4,948,000.00      34,068,744.37    
  97    April 25, 2007                      3,237,714.98  4,948,000.00      33,459,244.42    
  98    May 25, 2007                        2,817,041.25  4,948,000.00      32,848,830.79    
  99    June 25, 2007                       2,409,946.81  4,948,000.00      32,237,750.94    
  100   July 25, 2007                       2,016,002.78  4,948,000.00      31,626,241.20    
  101   August 25, 2007                     1,634,793.62  4,948,000.00      31,014,527.20    
  102   September 25, 2007                  1,265,916.66  4,948,000.00      30,402,824.23    
  103   October 25, 2007                      908,981.80  4,948,000.00      29,791,337.58    
  104   November 25, 2007                     563,611.02  4,948,000.00      29,180,262.93    
  105   December 25, 2007                     229,438.10  4,948,000.00      28,569,786.65    
  106   January 25, 2008                               0  4,854,108.20      27,960,086.15    
  107   February 25, 2008                                 4,541,277.53      27,351,330.18    
  108   March 25, 2008                                    4,238,613.01      26,743,679.15    
  109   April 25, 2008                                    3,968,399.58      26,130,234.22    
  110   May 25, 2008                                      3,706,447.54      25,519,029.71    
  111   June 25, 2008                                     3,452,506.80      24,910,158.29    
  112   July 25, 2008                                     3,206,334.74      24,303,707.26    
  113   August 25, 2008                                   2,967,696.08      23,699,758.65    
  114   September 25, 2008                                2,736,362.56      23,098,389.49    
  115   October 25, 2008                                  2,512,112.84      22,499,671.94    
  116   November 25, 2008                                 2,294,732.19      21,903,673.49    
  117   December 25, 2008                                 2,084,012.37      21,310,457.11    
  118   January 25, 2009                                  1,879,751.39      20,720,081.47    
  119   February 25, 2009                                 1,681,753.34      20,132,601.03    
  120   March 25, 2009                                    1,489,828.21      19,548,066.24    
  121   April 25, 2009                                    1,303,791.70      18,966,523.69    
  122   May 25, 2009                                      1,123,465.07      18,388,016.23    
  123   June 25, 2009                                       948,674.96      17,812,583.13    
  124   July 25, 2009                                       779,253.22      17,240,260.24    
  125   August 25, 2009                                     615,036.79      16,671,080.04    
  126   September 25, 2009                                  455,867.49      16,105,071.88    
  127   October 25, 2009                                    301,591.93      15,542,262.01    
  128   November 25, 2009                                   152,061.34      14,982,673.74    
  129   December 25, 2009                                     7,131.43      14,426,327.56    
  130   January 25, 2010                                             0      13,739,903.50    
  131   February 25, 2010                                                   13,053,948.05    
  132   March 25, 2010                                                      12,375,473.66    
  133   April 25, 2010                                                      11,704,362.92    
  134   May 25, 2010                                                        11,040,499.97    
  135   June 25, 2010                                                       10,383,770.48    
  136   July 25, 2010                                                        9,734,061.58    
  137   August 25, 2010                                                      9,091,261.94    
  138   September 25, 2010                                                   8,455,261.64    
  139   October 25, 2010                                                     7,825,952.23    
  140   November 25, 2010                                                    7,203,226.66    
  141   December 25, 2010                                                    6,586,979.30    
  142   January 25, 2011                                                     5,977,105.88    
  143   February 25, 2011                                                    5,373,503.50    
  144   March 25, 2011                                                       4,776,070.62    
  145   April 25, 2011                                                       4,184,706.99    
  146   May 25, 2011                                                         3,599,313.69    
  147   June 25, 2011                                                        3,019,793.08    
  148   July 25, 2011                                                        2,446,048.78    
  149   August 25, 2011                                                      1,877,985.69    
  150   September 25, 2011                                                   1,315,509.92    
  151   October 25, 2011                                                       758,528.79    
  152   November 25, 2011                                                      206,950.84    
  153   December 25, 2011                                                               0    

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		4/25/29		5
		1/1/00		5
		12/31/99		5					10-K
		9/30/99		5
Filed on:		6/3/99
		4/26/99		12		56
For Period End:		3/25/99		1		72
		3/18/99		18		56
		3/1/99		5		56
		8/20/96		5
		7/12/95		27		71
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