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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-1
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Distribution Period: 25-Aug-99
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Original Beginning Ending
Certificate Certificate Principal Interest Total Certificate
CUSIP Class Face Value Balance Distribution Distribution Distribution Balance
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00000XXX0 A-1 164,250,000.00 145,297,458.64 6,749,680.36 727,698.11 7,477,378.47 138,547,778.28
00000XXX0 A-2 96,940,000.00 96,940,000.00 0.00 484,700.00 484,700.00 96,940,000.00
00000XXX0 A-3 53,259,000.00 53,259,000.00 0.00 273,840.03 273,840.03 53,259,000.00
00000XXX0 A-4 29,905,000.00 29,905,000.00 0.00 157,001.25 157,001.25 29,905,000.00
00000XXX0 A-5 31,401,000.00 31,401,000.00 0.00 166,686.98 166,686.98 31,401,000.00
00000XXX0 A-6 53,245,000.00 53,245,000.00 0.00 303,940.21 303,940.21 53,245,000.00
00000XXX0 A-7 34,125,000.00 34,125,000.00 0.00 183,990.63 183,990.63 34,125,000.00
00000XXX0 A-8 154,375,000.00 143,275,465.99 4,016,430.22 649,963.18 4,666,393.40 139,259,035.77
00000XXX0 B 32,500,000.00 32,500,000.00 0.00 230,208.33 230,208.33 32,500,000.00
00000X0X0 C 0.00 0.00 0.00 1,576,331.04 1,576,331.04 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 650,000,000.00 619,947,924.63 10,766,110.58 4,754,359.76 15,520,470.34 609,181,814.05
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Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 34,125,000.00 34,125,000.00 0.00 199,062.50 199,062.50 34,125,000.00
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AMOUNTS PER $1,000 UNIT PASS THROUGH RATES
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Ending
Principal Interest Total Certificate Current Pass
Class Distribution Distribution Distribution Balance Class Thru Rate
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00000XXX0 A-1 41.09394435 4.43042989 45.52437425 843.51767598 A-1 6.01000%
00000XXX0 A-2 0.00000000 5.00000000 5.00000000 1,000.00000000 A-2 6.00000%
00000XXX0 A-3 0.00000000 5.14166676 5.14166676 1,000.00000000 A-3 6.17000%
00000XXX0 A-4 0.00000000 5.25000000 5.25000000 1,000.00000000 A-4 6.30000%
00000XXX0 A-5 0.00000000 5.30833349 5.30833349 1,000.00000000 A-5 6.37000%
00000XXX0 A-6 0.00000000 5.70833336 5.70833336 1,000.00000000 A-6 6.85000%
00000XXX0 A-7 0.00000000 5.39166681 5.39166681 1,000.00000000 A-7 6.47000%
00000XXX0 A-8 26.01736175 4.21028781 30.22764955 902.08282280 A-8 5.44375%
00000XXX0 B 0.00000000 7.08333323 7.08333323 1,000.00000000 A-9IO 7.00000%
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Total 16.56324705 4.88927495 21.45252200 937.20279085 B 8.50000%
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LIBOR: 5.16375%
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Uncapped A-8 Rate: 5.44375%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 5.83333333 5.83333333 1,000.00000000
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PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
Xxxx Xxxxxx
M & T Corporate Trust Department
Xxx X & X Xxxxx-0xx Xxxxx
Xxxxxxx, XX 00000
Page 1
Distribution Period: 25-Aug-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 375,094.56 65,811.57 440,906.13
Prepayments (incl. Curtailments) 6,193,250.06 3,977,749.98 10,171,000.04
Purchased Principal 0.00 51,240.40 51,240.40
Liquidation Proceeds applied to principal 102,414.45 0.00 102,414.45
Realized Loss of Principal 549.56 0.00 549.56
Realized Loss of Interest 2,750.55 0.00 2,750.55
Extra Principal Distribution 78,921.29 (78,371.73) 549.56
SEC. 7.09 (a) (iv) Total Certificate Interest Carry-Forward Amount 0.00
Class A-1 Interest Carry-Forward Amount 0.00
Class A-2 Interest Carry-Forward Amount 0.00
Class A-3 Interest Carry-Forward Amount 0.00
Class A-4 Interest Carry-Forward Amount 0.00
Class A-5 Interest Carry-Forward Amount 0.00
Class A-6 Interest Carry-Forward Amount 0.00
Class A-7 Interest Carry-Forward Amount 0.00
Class A-8 Interest Carry-Forward Amount 0.00
Class A-9IO Interest Carry-Forward Amount 0.00
Class B Interest Carry-Forward Amount 0.00
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (vi) Outstanding Loan Balance: 462,074,570.56 147,107,243.49 609,181,814.05
SEC. 7.09 (a) (vii) Code Section 6049(d)(7)(C) Information-Required Market Discount Information Provided at Calendar Year End.
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (viii) Loan Purchase Prices 0.00 51,731.60 51,731.60
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) & (x) Weighted Average Coupon 10.2899% 10.1900% 10.2655%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 266 351 287
SEC. 7.09 (a) (xii) Cumulative Realized Loss Trigger Event Occurrence NO
Cumulative Realized Loss Termination Trigger Occurrence NO
SEC. 7.09 (a) (xiii) Overcollateralization Amount 0.00
Targeted Overcollateralization Amount 0.00
Class A Optimal Balance 576,681,814.05
Class B Optimal Balance 32,500,000.00
SEC. 7.09 (a) (xiv) Applied Realized Realized Loss Unpaid Realized
Loss Amount Amortization Amount Loss Amount
----------- ------------------- -----------
Class B 0.00 0.00 0.00
SEC. 7.09 (a) (xvi) Group I Group II
------- --------
Available Funds Cap 9.08966% 9.50182%
SEC. 7.09 (a) (xvii) Insured Payment 0.00
SEC. 7.09 (a) (xviii) Reimbursement Amount Paid 0.00
Remaining Reimbursement Amount Unpaid 0.00
SEC. 7.09 (a) (xx) Largest Home Equity Loan Balance Outstanding 410,551.57
2nd Largest Home Equity Loan Balance Outstanding 402,028.71
3rd Largest Home Equity Loan Balance Outstanding 393,619.01
SEC. 7.09 (a) (xxi) Class B Available Funds Cap Carry-Forward Amount 0.00
Page 2
Distribution Period: 25-Aug-99
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SEC. 7.09 (b) (i) Delinquencies(1) Period Number Percentage Prin. Balance Percentage
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30-59 Days 108 1.65950% 7,222,518.11 1.56306%
Group I 60-89 Days 34 0.52243% 2,501,659.59 0.54140%
90+ Days 86 1.32145% 6,016,523.83 1.30207%
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30-59 Days 26 1.59902% 1,580,979.06 1.07471%
Group II 60-89 Days 10 0.61501% 745,991.31 0.50711%
90+ Days 26 1.59902% 2,175,262.75 1.47869%
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30-59 Days 134 1.64741% 8,803,497.17 1.44513%
TOTAL 60-89 Days 44 0.54094% 3,247,650.90 0.53312%
90+ Days 112 1.37694% 8,191,786.58 1.34472%
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Total Group I 6,508 100.00000% 462,074,570.56 100.00000%
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Total Group II 1,626 100.00000% 147,107,243.49 100.00000%
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Total 8,134 100.00000% 609,181,814.05 100.00000%
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(1) Includes Bankruptcies, Foreclosures and REOs ; Based on each respective
Group's loan count and balance.
Group I Group II Total
------- -------- -----
SEC. 7.09 (b) (ii) Loans in Foreclosure (LIF): Count 61 21 82
Loans in Foreclosure (LIF): Balance 4,069,958.07 1,814,121.02 5,884,079.09
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 23 7 30
Loans in Bankruptcy: Balance 1,617,577.59 612,487.79 2,230,065.38
SEC. 7.09 (b)(iv) & (v) REO Properties: Count 1 0 1
REO Properties: Balance 267,602.21 0.00 267,602.21
Loans in Loss Mitigation: Count 18.00 7.00 25.00
Loans in Loss Mitigation: Balance 1,068,151.11 508,478.21 1,576,629.32
Loans in Forbearance: Count 1 2 3
Loans in Forbearance: Balance 39,080.76 117,609.79 156,690.55
SEC. 7.09 (b) (vi) Cumulative Realized Losses 7,330.63 28,426.87 35,757.50
SEC. 7.09 (b) (vii) Loan Balance of 90+ Day Delinquent Loans 6,016,523.83 2,175,262.75 8,191,786.58
SEC. 7.09 (b) (viii) Six Month Rolling Average 90+ Day Delinquency Rate 0.64074%
Six-Month Rolling Average Excess Spread 0.23406%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00
Page 3
Distribution Period: 25-Aug-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 15,817,695.51
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
Class A-1 Allocation 7,477,378.47 7,477,378.47
Class A-2 Allocation 484,700.00 484,700.00
Class A-3 Allocation 273,840.03 273,840.03
Class A-4 Allocation 157,001.25 157,001.25
Class A-5 Allocation 166,686.98 166,686.98
Class A-6 Allocation 303,940.21 303,940.21
Class A-7 Allocation 183,990.63 183,990.63
Class A-8 Allocation 4,666,393.40 4,666,393.40
Class A-9IO Allocation 199,062.50 199,062.50
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Class A Distribution Amount 13,912,993.47 13,912,993.47
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Class B Allocation 230,208.33 230,208.33
SEC. 7.08(b)(iii) Insured Payment made by the Certificate Insurer 0.00
SEC. 7.08(b)(v) Beginning Principal Ending
Class Balance * Distribution Balance *
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A-1 145,297,458.64 6,749,680.36 138,547,778.28
A-2 96,940,000.00 0.00 96,940,000.00
A-3 53,259,000.00 0.00 53,259,000.00
A-4 29,905,000.00 0.00 29,905,000.00
A-5 31,401,000.00 0.00 31,401,000.00
A-6 53,245,000.00 0.00 53,245,000.00
A-7 34,125,000.00 0.00 34,125,000.00
A-8 143,275,466.99 4,016,430.22 139,259,035.77
A-9IO 34,125,000.00 NA 34,125,000.00
B $32,500,000.00 0.00 32,500,000.00
* Denotes Notional Amounts for Class A-9IO.
Group I Group II Total
------- -------- -----
SEC. 7.08(b)(vi) Current Period Realized Losses (Recoveries) 3,300.11 00.0 3,300.11
Cumulative Realized Losses 7330.63 28,426.87 35,757.50
SEC. 7.08(b)(vii) Six-Month Rolling Average Excess Spread 0.23406%
Six-Month Rolling Average 90+ Day Delinquency Rate 0.64074%
Distribution Period: 25-Aug-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status
7564503 $267,602.21 Listed
Page 4
Insurer's Report
Distribution Period: 25-Aug-99
Group I Group II Total
------- -------- -----
* Monthly Excess Cashflow Amount 1,075,949.28 491,135.89 1,567,085.17
* Premium paid from cash flow (1) 72,903.80 23,209.84 96,113.64
* Trustee Fee paid from cash flow (1) 1,549.28 499.75 2,049.03
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,821,383.80 1,220,955.26 5,042,339.06
* Current Period Realized Losses:
Principal 549.56 0 549.56
Interest 2,750.55 0 2,750.55
(1) Allocated based upon the related Certificate Balances.
