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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-5
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CERTIFICATE HOLDER'S REPORT
ANNUAL STATEMENT
Year Ending: December 31, 1997
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Original Beginning Ending Planned
Certificate Certificate Principal Interest Total Certificate Principal
CUSIP Class Face Value Balance Distribution Distribution Distribution Balance Balance
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00000XXX0 A-1 103,340,000.00 103,340,000.00 0.00 0.00 0.00 103,340,000.00
00000X0X0 A-2 (1) 675,000,000.00 675,000,000.00 0.00 0.00 0.00 675,000,000.00 675,000,000.00
00000XXX0 A-3 63,000,000.00 63,000,000.00 0.00 0.00 0.00 63,000,000.00 63,000,000.00
00000XXX0 A-4 140,000,000.00 140,000,000.00 0.00 0.00 0.00 140,000,000.00 140,000,000.00
00000XXX0 A-5 40,000,000.00 40,000,000.00 0.00 0.00 0.00 40,000,000.00 40,000,000.00
00000XXX0 A-6 115,540,000.00 115,540,000.00 0.00 0.00 0.00 115,540,000.00 115,540,000.00
00000XXX0 A-7 130,000,000.00 130,000,000.00 0.00 0.00 0.00 130,000,000.00 130,000,000.00
00000XXX0 A-8 109,520,000.00 109,520,000.00 0.00 0.00 0.00 109,520,000.00 109,520,000.00
00000XXX0 A-9 35,605,000.00 35,605,000.00 0.00 0.00 0.00 35,605,000.00
00000XXX0 A-10 194,875,000.00 194,875,000.00 0.00 0.00 0.00 194,875,000.00
00000XXX0 B 53,120,000.00 53,120,000.00 0.00 0.00 0.00 53,120,000.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 1,660,000,000.00 1,660,000,000.00 0.00 0.00 0.00 1,660,000,000.00
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Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-11IO 155,540,000.00 155,540,000.00 0.00 0.00 0.00 155,540,000.00
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AMOUNTS PER $1,000 UNIT PASS THROUGH RATES
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Ending
Principal Interest Total Certificate Original Pass Current Pass
Class Distribution Distribution Distribution Balance Class Thru Rate Thru Rate
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00000XXX0 A-1 0.00000000 0.00000000 0.00000000 1,000.00000000 A-1 5.90625% 5.90625%
00000X0X0 A-2 (0) 0.00000000 0.00000000 0.00000000 1,000.00000000 A-2 6.37000% 6.37000%
00000XXX0 A-3 0.00000000 0.00000000 0.00000000 1,000.00000000 A-3 6.40000% 6.40000%
00000XXX0 A-4 0.00000000 0.00000000 0.00000000 1,000.00000000 A-4 6.58000% 6.58000%
00000XXX0 A-5 0.00000000 0.00000000 0.00000000 1,000.00000000 A-5 6.63000% 6.63000%
00000XXX0 A-6 0.00000000 0.00000000 0.00000000 1,000.00000000 A-6 6.87000% 6.87000%
00000XXX0 A-7 0.00000000 0.00000000 0.00000000 1,000.00000000 A-7 6.14141% 6.14141%
00000XXX0 A-8 0.00000000 0.00000000 0.00000000 1,000.00000000 A-8 6.24141% 6.24141%
00000XXX0 A-9 0.00000000 0.00000000 0.00000000 1,000.00000000 A-9 6.19141% 6.19141%
00000XXX0 A-10 * 0.00000000 0.00000000 0.00000000 25,000.00000000 A-10 6.10000% 6.10000%
00000XXX0 B 0.00000000 0.00000000 0.00000000 1,000.00000000 A-11IO 25.00000% 25.00000%
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Total 0.00000000 0.00000000 0.00000000 1,000.00000000 B 7.62000% 7.62000%
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* Class A-10 Amounts Per $25,000 Unit. LIBOR: 5.94141%
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AUCTION RATE: 6.10000%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-11IO 0.00000000 0.00000000 0.00000000 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
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-5
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(1) Class A-2 Fixed Certificate Page 1
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Total Principal Scheduled Overcollateralization
Distribution Principal Prepayments Liquidations Inc/(Red) Total
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SEC. 7.09 (a) (ii) Class A-1 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-2 Fixed 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-5 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-6 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-7 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-8 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-9 0.00 0.00 0.00 0.00 0.00
Per $1,000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class A-10 * 0.00 0.00 0.00 0.00 0.00
Per $25,000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Class B 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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Total 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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* Class A-10 Amounts Per $25,000 Unit.
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 Fixed 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-9 Interest Carry-Forward Amount 0.00
Class A-10 Interest Carry-Forward Amount 0.00
Class A-11IO 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: 1,183,441,707.94 467,820,075.94 1,651,261,783.88
Prepayments (including Curtailments and Purchased Principal) 0.00 0.00 0.00
Liquidation Proceeds applied to principal 0.00 0.00 0.00
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
Substitution Amounts 0.00 0.00
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SEC. 7.09 (a) (ix) Weighted Average Coupon 11.0380% 10.2832% 10.8243%
SEC. 7.09 (a) (x) Delinquency Trigger Event Occurrence NO
Cumulative Realized Loss Trigger Event Occurrence NO
Cumulative Realized Loss Termination Trigger Occurrence NO
SEC. 7.09 (a) (xi) Senior Enhancement Percentage 0.0000%
SEC. 7.09 (a) (xii) Overcollateralization Amount 0.00
SEC. 7.09 (a) (xiii) Applied Realized Realized Loss Unpaid Realized
Loss Amount Amortization Amount Loss Amount
Class B 0.00 0.00 0.00
SEC. 7.09 (a) (xv) Available Funds Cap 11.45378%
SEC. 7.09 (a) (xvi) Insured Payment 0.00
SEC. 7.09 (a) (xvii) Reimbursement Amount Paid 0.00
Remaining Reimbursement Amount Unpaid 0.00
SEC. 7.09 (a) (xix) Largest Home Equity Loan Balance Outstanding 449,000.00
SEC. 7.09 (a) (xx) Amount Remaining in the Auction Remainder Account 0.00
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-5
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Page 2
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SEC. 7.09 (b) (ii) Delinquencies(1) Period Number Percentage Prin. Balance Percentage
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30-59 Days 223 1.18171% 11,572,298.19 0.97785%
Group I 60-89 Days 49 0.25966% 2,399,947.50 0.20279%
90+ Days 10 0.05299% 472,627.48 0.03994%
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30-59 Days 35 0.72016% 2,678,473.03 0.57254%
Group II 60-89 Days 13 0.26749% 1,167,788.49 0.24962%
90+ Days 0 0.00000% 0.00 0.00000%
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30-59 Days 258 1.08719% 14,250,771.22 0.86302%
TOTAL 60-89 Days 62 0.26126% 3,567,735.99 0.21606%
90+ Days 10 0.04214% 472,627.48 0.02862%
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Total Fixed 18871 100.00000% 1,183,441,707.94 100.00000%
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Total Adjust. 4860 100.00000% 467,820,075.94 100.00000%
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Total 23731 100.00000% 1,651,261,783.88 100.00000%
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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) (iii) Loans in Foreclosure (LIF): Count 3 1 4
Loans in Foreclosure (LIF): Balance 147,850.00 236,000.00 383,850.00
Newly Commenced LIF: Count 3 1 4
Newly Commenced LIF: Balance 147,850.00 236,000.00 383,850.00
SEC. 7.09(b)(iv)(a) Loans in Bankruptcy: Count 1 1 2
Loans in Bankruptcy: Balance 90,970.91 99,000.00 189,970.91
SEC. 7.09(b)(iv)(b) Balloon Loans: Count 11574 11 11585
Balloon Loans: Balance 833,357,625.62 1,161,754.84 834,519,380.46
SEC. 7.09 (b) (v&vi) REO Properties: Count 0 0 0
REO Properties: Balance 0.00 0.00 0.00
SEC. 7.09 (b) (vii) Cumulative Realized Losses 391.03 0.00 391.03
SEC. 7.09 (b) (viii) Loan Balance of 60+ Day Delinquent Loans 4,040,363.47
SEC. 7.09 (b) (ix) Three-Month Rolling Average of 60+ Day Delinquency Rate 0.08156%
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-5
--------------------------------------------------------------------------------
Page 3
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 0.00
SEC. 7.08(b)(ii)(iv) Amount Due Amount Paid
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Class A-1 Allocation 0.00 0.00
Class A-2 Fixed Allocation 0.00 0.00
Class A-3 Allocation 0.00 0.00
Class A-4 Allocation 0.00 0.00
Class A-5 Allocation 0.00 0.00
Class A-6 Allocation 0.00 0.00
Class A-7 Allocation 0.00 0.00
Class A-8 Allocation 0.00 0.00
Class A-9 Allocation 0.00 0.00
Class A-10 Allocation 0.00 0.00
Class A-11IO Allocation 0.00 0.00
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Class A Distribution Amount 0.00 0.00
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Class B Allocation 0.00 0.00
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 *
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A-1 103,340,000.00 0.00 103,340,000.00
A-2 Fixed 675,000,000.00 0.00 675,000,000.00
A-3 63,000,000.00 0.00 63,000,000.00
A-4 140,000,000.00 0.00 140,000,000.00
A-5 40,000,000.00 0.00 40,000,000.00
A-6 115,540,000.00 0.00 115,540,000.00
A-7 130,000,000.00 0.00 130,000,000.00
A-8 109,520,000.00 0.00 109,520,000.00
A-9 35,605,000.00 0.00 35,605,000.00
A-10 194,875,000.00 0.00 194,875,000.00
A-11IO 155,540,000.00 NA 155,540,000.00
B 53,120,000.00 0.00 53,120,000.00
* Denotes Notional Amounts for Class A-11IO.
SEC. 7.08(b)(vi) Current Period Realized Losses (Recoveries) 391.03
Cumulative Realized Losses 391.03
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 4,040,363.47
Three-Month Rolling Average of 60+ Day Delinquency Rate 0.08156%
ContiMortgage Grantor Trust
Series 1997-A
CERTIFICATE HOLDER'S REPORT
ANNUAL STATEMENT
Year Ending: December 31, 1997
Original Beginning Ending
Certificate Certificate Principal Interest Total Certificate
CUSIP Class Face Value Balance Distribution Distribution Distribution Balance
00000XXX0 A-2(1) 675,000,000.00 675,000,000.00 0.00 0.00 0.00 675,000,000.00
AMOUNTS PER $1,000 UNIT PASS THROUGH RATES
Ending
Principal Interest Total Certificate Original Pass Current Pass
Class Distribution Distribution Distribution Balance Class Thru Rate Thru Rate
00000XXX0 A-2(1) 0.00000000 0.00000000 0.00000000 1,000.00000000 A-2 6.11141% 6.11141%
LIBOR: 5.94141%
SEC. 7.09(a)(iv) Class A-2 Floating Certificate Interest Carry-Forward Amount 0.00
SEC. 7.09(a)(vi) Code Section 6049(d)(7)(C) Information-Required Market Discount Information Provided at Calendar Year End.
SEC. 7.09(a)(vii) Insured Payment 0.00
SEC. 7.09(a)(viii) Swap Payment received from the Swap Counterparty 0.00
Swap Payment due to the Swap Counterparty 0.00
Investment Income on Grantor Trust paid to Seller in March each year 0.00
Accrued but Unpaid Investment Income on Grantor Trust 0.00
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
-15-
(1) Class A-2 Floating Certificate
SEC. 7.08(b)(1) Amount on Deposit in the Certificate Account 0.00
SEC. 7.08(b)(2) Amount Due Amount Paid
Class A-2 Floating Certificate Allocation 0.00 0.00
SEC. 7.08(b)(3) Insured Payment made by the Certificate Insurer 0.00
SEC. 7.08(b)(5) Beginning Principal Ending
Class Balance Distribution Balance
A-2 Floating 675,000,000.00 0.00 675,000,000.00
Amount Due Amount Received
SEC. 7.08(b)(6)(7) Amount of any Swap Payment payable to the Grantor Trustee 0.00 0.00
Investment Income on Grantor Trust paid to Seller in March each year 0.00
Accrued but Unpaid Investment Income on Grantor Trust 0.00
