Ending Principal Interest Total Notional Class Distribution Distribution Distribution Amount ----------------------------------------------------------- ----------------------- 21075WKM6 A-9IO 0.00000000 5.83333321 5.83333321 1,000.00000000...
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
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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-1 127,601,000.00 115,322,166.43 5,181,424.60 578,532.87 5,759,957.47 110,140,741.83
00000XXX0 A-2 75,615,000.00 75,615,000.00 0.00 382,485.88 382,485.88 75,615,000.00
00000XXX0 A-3 44,755,000.00 44,755,000.00 0.00 234,217.83 234,217.83 44,755,000.00
00000XXX0 A-4 26,297,000.00 26,297,000.00 0.00 142,003.80 142,003.80 26,297,000.00
00000XXX0 A-5 23,744,000.00 23,744,000.00 0.00 129,009.07 129,009.07 23,744,000.00
00000XXX0 A-6 44,638,000.00 44,638,000.00 0.00 256,296.52 256,296.52 44,638,000.00
00000XXX0 A-7 26,950,000.00 26,950,000.00 0.00 144,407.08 144,407.08 26,950,000.00
00000XXX0 A-8 158,400,000.00 149,077,071.79 2,300,571.99 671,312.69 2,971,884.68 146,776,499.80
00000XXX0 B 22,000,000.00 22,000,000.00 0.00 155,833.33 155,833.33 22,000,000.00
00000X0X0 C 0.00 0.00 0.00 1,522,681.41 1,522,681.41 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 550,000,000.00 528,398,238.22 7,481,996.59 4,216,780.48 11,698,777.07 520,916,241.63
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Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 26,950,000.00 26,950,000.00 0.00 157,208.33 157,208.33 26,950,000.00
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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 40.60645763 4.53392113 45.14037876 863.16519330 A-1 6.02000%
00000XXX0 A-2 0.00000000 5.05833340 5.05833340 1,000.00000000 A-2 6.07000%
00000XXX0 A-3 0.00000000 5.23333326 5.23333326 1,000.00000000 A-3 6.28000%
00000XXX0 A-4 0.00000000 5.40000000 5.40000000 1,000.00000000 A-4 6.48000%
00000XXX0 A-5 0.00000000 5.43333347 5.43333347 1,000.00000000 A-5 6.52000%
00000XXX0 A-6 0.00000000 5.74166674 5.74166674 1,000.00000000 A-6 6.89000%
00000XXX0 A-7 0.00000000 5.35833321 5.35833321 1,000.00000000 A-7 6.43000%
00000XXX0 A-8 14.52381307 4.23808516 18.76189823 926.61931692 A-8 5.40375%
00000XXX0 B 0.00000000 7.08333318 7.08333318 1,000.00000000 A-9IO 7.00000%
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Total 13.60363016 4.89836195 18.50199211 947.12043933 B 8.50000%
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LIBOR: 5.16375%
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Uncapped A-8 Rate: 5.40375%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 5.83333321 5.83333321 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 311,164.55 67,835.97 379,000.52
Prepayments (incl. Curtailments) 4,865,562.04 2,237,434.03 7,102,996.07
Purchased Principal 0.00 0.00 0.00
Liquidation Proceeds applied to principal 0.00 0.00 0.00
Realized Loss of Principal 0.00 0.00 0.00
Realized Loss of Interest 0.00 0.00 0.00
Extra Principal Distribution 4,698.01 (4,698.01) 0.00
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: 369,026,230.22 153,815,011.41 522,841,241.63
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 0.00 0.00
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) &Weighted Average Coupon 10.5383% 10.3938% 10.4958%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 257 353 285
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 1,925,000.00
Targeted Overcollateralization Amount 1,925,000.00
Class A Optimal Balance 498,916,241.63
Class B Optimal Balance 22,000,000.00
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 9.41659% 9.77625%
SEC. 7.09 (a) (xvii)Insured Payment 0.00
SEC. 7.09 (a) (xviiiReimbursement Amount Paid 0.00
Remaining Reimbursement Amount Unpaid 0.00
SEC. 7.09 (a) (xx) Largest Home Equity Loan Balance Outstanding 347,461.81
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 100 1.65755% 5,575,567.09 1.51089%
Group I 60-89 Days 50 0.82878% 3,045,220.53 0.82520%
90+ Days 51 0.84535% 3,117,115.53 0.84469%
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30-59 Days 40 2.17984% 2,479,892.56 1.61226%
Group II 60-89 Days 19 1.03542% 1,616,950.10 1.05123%
90+ Days 28 1.52589% 2,477,606.39 1.61077%
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30-59 Days 140 1.77936% 8,055,459.65 1.54071%
TOTAL 60-89 Days 69 0.87697% 4,662,170.63 0.89170%
90+ Days 79 1.00407% 5,594,721.92 1.07006%
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Total Group I 6,033 100.00000% 369,026,230.22 100.00000%
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Total Group II 1,835 100.00000% 153,815,011.41 100.00000%
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Total 7,868 100.00000% 522,841,241.63 100.00000%
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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 35 26 61
Loans in Foreclosure (LIF): Balance 2,022,789.79 2,278,369.87 4,301,159.66
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 27 14 41
Loans in Bankruptcy: Balance 1,875,523.76 1,468,598.20 3,344,121.96
SEC. 7.09 (b)(iv) & (v)REO Properties: Count 0 0 0
REO Properties: Balance 0.00 0.00 0.00
Loans in Loss Mitigation: Count 15.00 3.00 18.00
Loans in Loss Mitigation: Balance 735,100.73 316,664.80 1,051,765.53
Loans in Forbearance: Count 3 0 3
Loans in Forbearance: Balance 165,243.36 0.00 165,243.36
SEC. 7.09 (b) (vi) Cumulative Realized Losses 8,627.05 0.00 8627.05
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 6,162,336.06 4,094,556.49 10,256,892.55
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 1.31238
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 11,907,946.49
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
Class A-1 Allocation 5,759,957.47 5,759,957.47
Class A-2 Allocation 382,485.88 382,485.88
Class A-3 Allocation 234,217.83 234,217.83
Class A-4 Allocation 142,003.80 142,003.80
Class A-5 Allocation 129,009.07 129,009.07
Class A-6 Allocation 256,296.52 256,296.52
Class A-7 Allocation 144,407.08 144,407.08
Class A-8 Allocation 2,971.884.68 2,971,884.68
Class A-9IO Allocation 157,208.33 157,208.33
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Class A Distribution Amount 10,177,470.66 10,177,470.66
==================================
Class B Allocation 155,833.33 155,833.33
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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 *
A-1 115,322,166.43 5,181,424.60 110,140,741.83
A-2 75,615,000.00 0.00 75,615,000.00
A-3 44,755,000.00 0.00 44,755,000.00
A-4 26,297,000.00 0.00 26,297,000.00
A-5 23,744,000.00 0.00 23,744,000.00
A-6 44,638,000.00 0.00 44,638,000.00
A-7 26,950,000.00 0 26,950,000.00
A-8 149,077,071.79 2,300,571.99 146,776,499.80
A-9IO 26,950,000.00 NA 26,950,000.00
B $22,000,000.00 0.00 22,000,000.00
* Denotes Notional Amounts for Class A-9IO.
Group I Group II Total
------- -------- -----
SEC. 7.08(b)(vi) Current Period Realized Losses (Recoveries) 0.00 0.00 0.00
Cumulative Realized Losses 8,627.05 0.00 8,627.05
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 10,256,892.55
Three-Month Rolling Average 60+ Day Delinquency Rate 1.31238
Distribution Period: 25-Aug-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status Loan Number
Page 4
Insurer's Report
Distribution Period: 25-Aug-99
Group I Group II Total
------- -------- -----
* Monthly Excess Cashflow Amount 959,517.29 554,704.06 1,514,221.35
* Premium paid from cash flow (1) 35,213.97 14,678.03 49,892.00
* Trustee Fee paid from cash flow (1) 1,459.98 609.11 2,069.09
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,130,310.64 1,287,179.20 4,417,489.84
* Current Period Realized Losses:
Principal 0.00 0.00 0.00
Interest 0.00 0.00 0.00
(1) Allocated based upon the related Certificate Balances.
