Item 2. Properties Not applicable on reliance of Relief Letters
Item 3.
Item 3. Legal Proceedings There were no legal proceedings.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders There were no matters submitted to a vote of the Security Holders.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder matters There were eighteen (18) participants in the DTC system holding positions in the Cede certificates. The following were Noteholders and Certificateholders of record as of the end of the reporting year. Salomon Brothers New Century Mortgage Pass-Through Certificates: Series 1999-NC4 Class A-1 Cede & Co. Series 1999-NC4 Class M-1 Cede & Co. Series 1999-NC4 Class M-2 Cede & Co. Series 1999-NC4 Class M-3 Cede & Co. Series 1999-NC4 Class CE NC Residual II Corp. Series 1999-NC4 Class P NC Residual II Corp. Attn: Patti Dodge 18400 Von Karman, Suite 1000 Irvine, California 92612
There is no established public trading market for the notes.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures: Information required by Item 304 of Reg. S-K.
There were no changes in and/or disagreements with Accountants on Accounting and Financial Disclosures.
PART IV
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management The Notes are represented by one or more notes registered in the name of of Cede & Co., the nominee of The Depository Trust Company. An investor holding Notes is not entitled to receive a certificate representing such Note, except in limited circumstances. Accordingly, Cede & Co. is the sole holder of Notes, which it holds on behalf of brokers, dealers, banks and other participants in the DTC system. Such participants may hold Notes for their own accounts or for the accounts of their customers. The address of Cede & Co. is: Cede & Co. c/o The Depository Trust Company Seven Hanover Square New York, New York 10004
Item 13.
Item 13. Certain Relationships and Related Transactions. There has not been, and there is not currently proposed, any transactions or series or transactions, to which any of the Trust, the Registrant, the Trustee or the Servicer is a party with any Noteholder who, to the knowledge of the Registrant and Servicer, owns of record or beneficially more than five percent of the Notes.
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) 1. Not Applicable 2. Not Applicable 3. Exhibits 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance. 99.3 Annual Independent Public Accountant's Servicing Report.
(b) Reports on Form 8-K The Registrant has filed Current Reports on Form 8-K with the Securities and Exchange Commision dated September 27, 1999, October 25, 1999, November 26, 1999; and December 27, 1999.
(c) See (a) 3 above
(d) Not Applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Salomon Brothers Mortgage Securities VII, INC. New Century Mortgage Pass-Through Certificates Series 1999-NC4
/s/ Eve Kaplan, Vice President US Bank
Date March 31, 2000
EXHIBIT INDEX
Exhibit Number Description 99.1 Annual Summary Statement 99.2 Annual Statement of Compliance 99.3 Report of Independent Accountants
EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year Amounts for the period ending December 31, 1999
Salomon Brothers Mortgage Securities VII, INC. New Century Mortgage Pass-Through Certificates Series 1999-NC4 Summary of Aggregate Amounts or End of Year Amounts
Pool Balance 529,731,278.62 Principal Collections (2) 20,247,262.88 Realized Loss 21,458.50 Interest, net of fees. Collections (1) 20,744,441.20 Master Servicer Fees 866,637.05 Trustee Fees 10,009.39 (1) Includes prepayment premium. (2) Includes payment of 13,436.90 from pre-fund account.
Delinquency Percentage 2.85770% Delinquent Report Number Stated Principal Bal 30-59 days 88 $9,495,492.51 60-89 days 27 $2,367,309.66 90+ days 8 $1,269,825.02 Foreclosures 83 $9,308,346.53 Bankruptcies 20 $1,903,576.90 REO Properties $289,071.53
Certificate Balance Interest Principal
Class A 413,904,451.82 8,532,880.99 15,095,548.18 Class M-1 41,250,000.00 873,875.51 0.00 Class M-2 29,700,000.00 688,524.38 0.00 Class M-3 27,225,000.00 805,814.64 0.00 Class CE 22,824,900.00 5,745,212.72 0.00 Class P 100.00 151,487.92 0.00
EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance To be supplied upon receipt by the Trustee
EXHIBIT 99.3 -- Report of Independent Auditors To be supplied upon receipt by the Trustee