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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
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Distribution Period: 25-Jan-00
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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 82,921,218.64 7,792,387.94 415,988.11 8,208,376.05 75,128,830.70
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-8 158,400,000.00 134,280,263.85 4,004,385.61 727,039.04 4,731,424.65 130,275,878.24
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 13,358.28 13,358.28 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 550,000,000.00 481,200,482.49 11,796,773.55 2,600,638.94 14,397,412.49 469,403,708.94
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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 61.06839241 3.26006936 64.32846177 588.77932540 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 25.28021218 4.58989293 29.87010511 822.44872626 A-8 6.72125%
00000XXX0 B 0.00000000 7.08333318 7.08333318 1,000.00000000 A-9IO 7.00000%
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Total 21.44867918 4.70414665 26.15282584 853.46128898 B 8.50000%
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LIBOR: 6.48125%
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Uncapped A-8 Rate: 6.72125%
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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-Jan-00
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 311,721.84 63,646.15 375,367.99
Prepayments (incl. Curtailments) 6,085,472.55 3,469,610.34 9,555,082.89
Purchased Principal 0.00 0.00 0.00
Liquidation Proceeds applied to principal 212,274.22 384,564.67 596,838.89
Realized Loss of Principal 121,035.00 125,797.86 246,832.86
Realized Loss of Interest (23,953.42) 0.00 (23,953.42)
Extra Principal Distribution 1,182,919.33 86,564.45 1,269,483.78
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: 337,966,797.80 138,331,849.57 476,298,647.37
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
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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)&(x) Weighted Average Coupon 10.4797% 10.3602% 10.4448%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 253 348 281
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 6,894,938.43
Targeted Overcollateralization Amount 13,750,000.00
Class A Optimal Balance 440,548,647.37
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
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Class B 0.00 0.00 0.00
SEC. 7.09 (a) (xvi) Group I Group II
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Available Funds Cap 9.31732% 9.24565%
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 346,558.13
Page 2
Distribution Period: 25-Jan-00
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SEC. 7.09 (b) (i) Delinquencies(1) Period Number Percentage Prin. Balance Percentage
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30-59 Days 148 2.67438% 7,317,420.18 2.16513%
Group I 60-89 Days 60 1.08421% 3,311,044.07 0.97970%
90+ Days 186 3.36104% 11,815,520.31 3.49606%
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30-59 Days 52 3.16302% 3,854,363.77 2.78632%
Group II 60-89 Days 21 1.27737% 1,530,382.94 1.10631%
90+ Days 86 5.23114% 7,064,856.94 5.10718%
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30-59 Days 200 2.78629% 11,171,783.95 2.34554%
TOTAL 60-89 Days 81 1.12845% 4,841,427.01 1.01647%
90+ Days 272 3.78936% 18,880,377.25 3.96398%
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Total Group I 5,534 100.00000% 337,966,797.80 100.00000%
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Total Group II 1,644 100.00000% 138,331,849.57 100.00000%
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Total 7,178 100.00000% 476,298,647.37 100.00000%
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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
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SEC. 7.09 (b) (ii) Loans in Foreclosure (LIF): Count 109 51 160
Loans in Foreclosure (LIF): Balance 6,734,264.52 4,176,175.67 10,910,440.19
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 92 30 122
Loans in Bankruptcy: Balance 5,815,098.55 2,270,928.84 8,086,027.39
SEC. 7.09(b)(iv)&(v) REO Properties: Count 8 7 15
REO Properties: Balance 418,669.61 661,443.80 1,080,113.41
Loans in Loss Mitigation: Count 20 10 30
Loans in Loss Mitigation: Balance 1,236,260.73 863,480.65 2,099,741.38
Loans in Forbearance: Count 9 5 14
Loans in Forbearance: Balance 627,675.21 252,370.74 880,045.95
SEC. 7.09 (b) (vi) Cumulative Realized Losses 321,048.47 141,570.08 462,618.55
Current Period Reimbursed Delinquency and Servicing Advances 0.00
Unreimbursed Delinquency and Servicing Advances 4,939.73
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 15,126,564.38 8,595,239.88 23,721,804.26
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 4.43691%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0
Page 3
Distribution Period: 25-Jan-00
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 14,601,280.46
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
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Class A-1 Allocation 8,208,376.05 8,208,376.05
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 4,731,424.65 4,731,424.65
Class A-9IO Allocation 157,208.33 157,208.33
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Class A Distribution Amount 14,385,429.21 14,385,429.21
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Class B Allocation 155,833.33 155,833.33
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 *
A-1 82,921,218.64 7,792,387.94 75,128,830.70
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-8 134,280,263.85 4,004,385.61 130,275,878.24
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) 97,081.58 125,797.86 222,879.44
Cumulative Realized Losses 321,048.47 141,570.08 462,618.55
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 23,721,804.26
Three-Month Rolling Average 60+ Day Delinquency Rate 4.43691%
Distribution Period: 25-Jan-00
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status
7877632 70,586.09 Eviction
8785032 63,988.74 Eviction
7401789 29,982.15 Eviction
8336281 32,277.16 List Pending
8484917 27,200.00 List Pending
7746027 72,000.00 Listed
7903941 40,225.53 Listed
7653892 82,409.94 Pending Closing
7397128 151,200.00 Eviction
7096670 145,081.72 Eviction
7798507 108,624.75 Eviction
6890685 40,463.61 Eviction
7104128 96,247.72 List Pending
7245053 74,875.70 List Pending
7208333 44,950.30 List Pending
Page 4
Insurer's Report
Distribution Period: 25-Jan-00
Group I Group II Total
* Monthly Excess Cashflow Amount 885,789.44 383,694.34 1,269,483.78
* Premium paid from cash flow (1) 31,712.78 13,027.22 44,740.00
* Trustee Fee paid from cash flow (1) 1,358.51 561.13 1,919.64
* Interest Collected on Mortgage
Loans (net of Service Fee) 2,890,759.29 1,169,873.12 4,060,632.41
* Current Period Realized Losses:
Principal 121,035.00 125,797.86 246,832.86
Interest -23,953.42 0.00 -23,953.42
(1) Allocated based upon the related Certificate Balances.
