Ending Principal Interest Total Notional Class Distribution Distribution Distribution Amount ----------------------------------------------------------- ---------------------------------- 21075WKM6 A-9IO 0.00000000 3.50000000 3.50000000 1,000.00000000...
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
--------------------------------------------------------------------------------
Distribution Period: 25-Apr-99
------------------------------------------------------------------------------------------------------------------------
Original Beginning Ending
Certificate Certificate Principal Interest Total Certificate
CUSIP Class Face Value Balance Distribution Distribution Distribution Balance
------------------------------------------------------------------------------------------------------------------------
00000XXX0 A-1 127,601,000.00 127,601,000.00 2,817,379.78 384,079.01 3,201,458.79 124,783,620.22
00000XXX0 A-2 75,615,000.00 75,615,000.00 0.00 229,491.53 229,491.53 75,615,000.00
00000XXX0 A-3 44,755,000.00 44,755,000.00 0.00 140,530.70 140,530.70 44,755,000.00
00000XXX0 A-4 26,297,000.00 26,297,000.00 0.00 85,202.28 85,202.28 26,297,000.00
00000XXX0 A-5 23,744,000.00 23,744,000.00 0.00 77,405.44 77,405.44 23,744,000.00
00000XXX0 A-6 44,638,000.00 44,638,000.00 0.00 153,777.91 153,777.91 44,638,000.00
00000XXX0 A-7 26,950,000.00 26,950,000.00 0.00 86,644.25 86,644.25 26,950,000.00
00000XXX0 A-8 158,400,000.00 158,400,000.00 1,616,418.45 706,211.00 2,322,629.45 156,783,581.55
00000XXX0 B 22,000,000.00 22,000,000.00 0.00 93,500.00 93,500.00 22,000,000.00
00000X0X0 C 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
---------------------------------------------------------------------------------------------------------
Total 550,000,000.00 550,000,000.00 4,433,798.23 1,956,842.12 6,390,640.35 545,566,201.77
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
00000XXX0 A-9IO 26,950,000.00 26,950,000.00 0.00 94,325.00 94,325.00 26,950,000.00
---------------------------------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT PASS THROUGH RATES
Ending
Principal Interest Total Certificate Current Pass
Class Distribution Distribution Distribution Balance Class Thru Rate
00000XXX0 A-1 22.07960580 3.01000000 25.08960580 977.92039420 A-1 6.02000%
00000XXX0 A-2 0.00000000 3.03500007 3.03500007 1,000.00000000 A-2 6.07000%
00000XXX0 A-3 0.00000000 3.14000000 3.14000000 1,000.00000000 A-3 6.28000%
00000XXX0 A-4 0.00000000 3.24000000 3.24000000 1,000.00000000 A-4 6.48000%
00000XXX0 A-5 0.00000000 3.26000000 3.26000000 1,000.00000000 A-5 6.52000%
00000XXX0 A-6 0.00000000 3.44500000 3.44500000 1,000.00000000 A-6 6.89000%
00000XXX0 A-7 0.00000000 3.21500000 3.21500000 1,000.00000000 A-7 6.43000%
00000XXX0 A-8 10.20466193 4.45840278 14.66306471 989.79533807 A-8 5.17750%
00000XXX0 B 0.00000000 4.25000000 4.25000000 1,000.00000000 A-9IO 7.00000%
--------------------------------------------------------------------------------------------------------
Total 8.06145133 3.55789476 11.61934609 991.93854867 B 8.50000%
--------------------------------------------------------------------------------------------------------
LIBOR: 4.93750%
------------------------
Uncapped A-8 Rate: 5.17750%
------------------------
-----------------------------------------------------------------------------
Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
---------------------------------------------------------------------------------------------
00000XXX0 A-9IO 0.00000000 3.50000000 3.50000000 1,000.00000000
---------------------------------------------------------------------------------------------
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
Xxxx Xxxxxx
M & T Corporate Trust Department
One M & T Plaza-7th Floor
Buffalo, NY 14240
Page 1
--------------------------------------------------------------------------------
ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
--------------------------------------------------------------------------------
Distribution Period: 25-Apr-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 184,338.04 33,492.16 217,830.20
Prepayments (incl. Curtailments) 1,394,199.39 858,097.29 2,252,296.68
Purchased Principal 688,691.73 631,077.43 1,319,769.16
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 550,150.62 93,751.57 643,902.19
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: 382,733,452.38 163,477,411.08 546,210,863.46
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 692,030.24 634,318.85 1,326,349.09
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) & (x) Weighted Average Coupon 10.5470% 10.3850% 10.4984%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 260 357 289
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 644,661.69
Targeted Overcollateralization Amount 1,925,000.00
Class A Optimal Balance 522,285,863.46
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
Group I Group II
------- --------
SEC. 7.09 (a) (xvi) Available Funds Cap 9.43802% 9.76631%
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 348,159.41
Page 2
Distribution Period: 25-Apr-99
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SEC. 7.09 (b) (i) Delinquencies(1) Period Number Percentage Prin. Balance Percentage
----------------------------------------------------------------------------------------------------------
30-59 Days 16 0.25506% 906,215.71 0.23677%
Group I 60-89 Days 4 0.06377% 231,450.00 0.06047%
90+ Days 3 0.04782% 263,458.11 0.06884%
30-59 Days 12 0.60852% 637,952.67 0.39024%
----------------------------------------------------------------------------------------------------------
Group II 60-89 Days 2 0.10142% 210,855.99 0.12898%
90+ Days 3 0.15213% 174,421.21 0.10669%
30-59 Days 28 0.33960% 1,544,168.38 0.28271%
----------------------------------------------------------------------------------------------------------
TOTAL 60-89 Days 6 0.07277% 442,305.99 0.08098%
90+ Days 6 0.07277% 437,879.32 0.08017%
----------------------------------------------------------------------------------------------------------
Total Group I 6,273 100.00000% 382,733,452.38 100.00000%
----------------------------------------------------------------------------------------------------------
Total Group II 1,972 100.00000% 163,477,411.08 100.00000%
----------------------------------------------------------------------------------------------------------
Total 8,245 100.00000% 546,210,863.46 100.00000%
----------------------------------------------------------------------------------------------------------
(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 2 0 2
Loans in Foreclosure (LIF): Balance 142,000.00 0.00 142,000.00
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 3 5 8
Loans in Bankruptcy: Balance 190,138.68 572,117.70 762,256.38
SEC. 7.09 (b)(iv) & (v) REO Properties: Count 0 0 0
REO Properties: Balance 0.00 0.00 0.00
SEC. 7.09 (b) (vi) Cumulative Realized Losses 0.00 0.00 0.00
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 494,908.11 385,277.20 880,185.31
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 0.05371%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00
Page 3
--------------------------------------------------------------------------------
ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
--------------------------------------------------------------------------------
Distribution Period: 25-Apr-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 6,539,459.85
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
----------------------- ---------- -----------
Class A-1 Allocation 3,201,458.79 3,201,458.79
Class A-2 Allocation 229,491.53 229,491.53
Class A-3 Allocation 140,530.70 140,530.70
Class A-4 Allocation 85,202.28 85,202.28
Class A-5 Allocation 77,405.44 77,405.44
Class A-6 Allocation 153,777.91 153,777.91
Class A-7 Allocation 86,644.25 86,644.25
Class A-8 Allocation 2,322,629.45 2,322,629.45
Class A-9IO Allocation 94,325.00 94,325.00
---------------------------------------
Class A Distribution Amount 6,391,465.35 6,391,465.35
=======================================
Class B Allocation 93,500.00 93,500.00
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-1 127,601,000.00 2,817,379.78 124,783,620.22
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 0.00 26,950,000.00
A-8 158,400,000.00 1,616,418.45 156,783,581.55
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 0.00 0.00 0.00
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 880,185.31
Three-Month Rolling Average 60+ Day Delinquency Rate 0.05371%
--------------------------------------------------------------------------------
ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
--------------------------------------------------------------------------------
Distribution Period: 25-Apr-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status Loan Number
----------- ---------- ------ -----------
Page 4
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
--------------------------------------------------------------------------------
Insurer's Report
Distribution Period: 25-Apr-99
Group I Group II Total
------- -------- -----
* Monthly Excess Cashflow Amount 578,970.26 64,931.93 643,902.19
* Premium paid from cash flow (1) 36,678.26 15,678.74 52,357.00
* Trustee Fee paid from cash flow (1) 1,496.25 641.25 2,137.50
* Interest Collected on Mortgage
Loans (net of Service Fee) 1,934,050.92 815,512.89 2,749,563.81
* 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.
