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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-3
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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-1 209,100,000.00 168,390,304.18 9,483,944.68 900,888.13 10,384,832.81 158,906,359.50
00000XXX0 A-2 126,300,000.00 126,300,000.00 0.00 712,542.50 712,542.50 126,300,000.00
00000XXX0 A-3 72,700,000.00 72,700,000.00 0.00 419,842.50 419,842.50 72,700,000.00
00000XXX0 A-4 41,500,000.00 41,500,000.00 0.00 246,233.33 246,233.33 41,500,000.00
00000XXX0 A-5 40,900,000.00 40,900,000.00 0.00 250,853.33 250,853.33 40,900,000.00
00000XXX0 A-6 72,700,000.00 72,700,000.00 0.00 465,280.00 465,280.00 72,700,000.00
00000XXX0 A-7 44,800,000.00 44,800,000.00 0.00 271,786.67 271,786.67 44,800,000.00
00000XXX0 A-8 152,000,000.00 139,365,893.20 3,384,612.68 759,065.05 4,143,677.73 135,981,280.52
00000XXX0 B 40,000,000.00 40,000,000.00 0.00 233,333.33 233,333.33 40,000,000.00
00000X0X0 C 0.00 0.00 0.00 14,669.23 14,669.23 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 800,000,000.00 746,656,197.38 12,868,557.36 4,274,494.07 17,143,051.43 733,787,640.02
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Original Beginning
Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 185,000,000.00 60,000,000.00 0.00 300,000.00 300,000.00 60,000,000.00
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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 45.35602429 4.30840808 49.66443238 759.95389527 A-1 6.42000%
00000XXX0 A-2 0.00000000 5.64166667 5.64166667 1,000.00000000 A-2 6.77000%
00000XXX0 A-3 0.00000000 5.77500000 5.77500000 1,000.00000000 A-3 6.93000%
00000XXX0 A-4 0.00000000 5.93333325 5.93333325 1,000.00000000 A-4 7.12000%
00000XXX0 A-5 0.00000000 6.13333325 6.13333325 1,000.00000000 A-5 7.36000%
00000XXX0 A-6 0.00000000 6.40000000 6.40000000 1,000.00000000 A-6 7.68000%
00000XXX0 A-7 0.00000000 6.06666674 6.06666674 1,000.00000000 A-7 7.28000%
00000XXX0 A-8 22.26718868 4.99384901 27.26103770 894.61368763 A-8 6.76125%
00000XXX0 B 0.00000000 5.83333325 5.83333325 1,000.00000000 A-9IO 6.00000%
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Total 16.08569670 5.32478105 21.41047775 917.23455003 B 7.00000%
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LIBOR: 6.48125%
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Uncapped A-8 Rate: 6.76125%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 1.62162162 1.62162162 324.32432432
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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
Distribution Period: 25-Jan-00
Group I Group II Total
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SEC. 7.09 (a) (ii) Scheduled Principal Received 515,105.60 69,550.30 584,655.90
Prepayments (incl. Curtailments) 7,338,135.13 3,162,895.73 10,501,030.86
Purchased Principal 0.00 0.00 0.00
Liquidation Proceeds applied to principal 213,641.04 233,726.87 447,367.91
Realized Loss of Principal 16,253.97 74,891.73 91,145.70
Realized Loss of Interest 10.50 0.00 10.50
Extra Principal Distribution 1,417,062.91 (81,560.22) 1,335,502.69
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
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SEC. 7.09 (a) (vi) Outstanding Loan Balance: 596,673,963.61 144,334,262.05 741,008,225.66
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)&(x) Weighted Average Coupon 10.1716% 10.0179% 10.1414%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 254 351 273
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 7,220,585.64
Targeted Overcollateralization Amount 19,600,000.00
Class A Optimal Balance 681,408,225.66
Class B Optimal Balance 40,000,000.00
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 8.83433% 8.77651%
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 496,477.89
2nd Largest Home Equity Loan Balance Outstanding 438,743.38
3rd Largest Home Equity Loan Balance Outstanding 414,495.59
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 203 2.43318% 12,757,506.97 2.13810%
Group I 60-89 Days 66 0.79108% 4,615,032.56 0.77346%
90+ Days 144 1.72600% 10,128,101.10 1.69743%
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30-59 Days 34 2.51293% 3,008,612.46 2.08448%
Group II 60-89 Days 10 0.73910% 905,293.59 0.62722%
90+ Days 56 4.13895% 5,613,684.33 3.88936%
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30-59 Days 237 2.44431% 15,766,119.43 2.12766%
TOTAL 60-89 Days 76 0.78383% 5,520,326.15 0.74498%
90+ Days 200 2.06271% 15,741,785.43 2.12437%
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Total Group I 8,343 100.00000% 596,673,963.61 100.00000%
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Total Group II 1,353 100.00000% 144,334,262.05 100.00000%
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Total 9,696 100.00000% 741,008,225.66 100.00000%
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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 91 42 133
Loans in Foreclosure (LIF): Balance 6,854,133.13 4,195,514.44 11,049,647.57
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 67 12 79
Loans in Bankruptcy: Balance 4,407,374.45 1,144,471.18 5,551,845.63
SEC. 7.09 (b)(iv) & (v)REO Properties: Count 4 2 6
REO Properties: Balance 263,501.61 385,309.07 648,810.68
Loans in Loss Mitigation: Count 32 5 37
Loans in Loss Mitigation: Balance 1,971,430.40 306,401.14 2,277,831.54
Loans in Forbearance: Count 3 5 8
Loans in Forbearance: Balance 172,102.04 485,446.29 657,548.33
SEC. 7.09 (b) (vi) Cumulative Realized Losses 45,187.85 108,241.25 153,429.10
Current Period Reimbursed Delinquency and Servicing Advances 0.00
Unreimbursed Delinquency and Servicing Advances 10.50
SEC. 7.09 (b) (vii) Loan Balance of 90+ Day Delinquent Loans 10,128,101.10 5,613,684.33 15,741,785.43
SEC. 7.09 (b) (viii) Six-Month Rolling Average 90+ Day Delinquency Rate 0.9891%
Six-Month Rolling Average Excess Spread 0.00
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0 0
Page 3
Distribution Period: 25-Jan-00
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 17,594,763.78
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
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Class A-1 Allocation 10,384,832.81 10,384,832.81
Class A-2 Allocation 712,542.50 712,542.50
Class A-3 Allocation 419,842.50 419,842.50
Class A-4 Allocation 246,233.33 246,233.33
Class A-5 Allocation 250,853.33 250,853.33
Class A-6 Allocation 465,280.00 465,280.00
Class A-7 Allocation 271,786.67 271,786.67
Class A-8 Allocation 4,143,677.73 4,143,677.73
Class A-9IO Allocation 300,000.00 300,000.00
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Class A Distribution Amount 17,195,048.87 17,195,048.87
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Class B Allocation 233,333.33 233,333.33
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-1 168,390,304.18 9,483,944.68 158,906,359.50
A-2 126,300,000.00 0.00 126,300,000.00
A-3 72,700,000.00 0.00 72,700,000.00
A-4 41,500,000.00 0.00 41,500,000.00
A-5 40,900,000.00 0.00 40,900,000.00
A-6 72,700,000.00 0.00 72,700,000.00
A-7 44,800,000.00 0.00 44,800,000.00
A-8 139,365,893.20 3,384,612.68 135,981,280.52
A-9IO 60,000,000.00 NA 60,000,000.00
B 40,000,000.00 0.00 40,000,000.00
* Denotes Notional Amounts for Class A-9IO.
Group I Group II Total
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SEC. 7.08(b)(vi) Current Period Realized Losses (Recoveries) 16,264.47 74,891.73 91,156.20
Cumulative Realized Losses 45,187.85 108,241.25 153,429.10
SEC. 7.08(b)(vii) Six-Month Rolling Average 90+ Day Delinquency Rate 0.989137%
Six-Month Rolling Average Excess Spread 0.130864%
Distribution Period: 25-Jan-00
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status
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8423170 126,359.60 Eviction
8447518 57,103.47 Eviction
8377616 40,038.54 List Pending
9008889 40,000.00 List Pending
8418477 262,119.70 Eviction
7397193 123,189.37 List Pending
Page 4
Insurer's Report
Distribution Period: 25-Jan-00
Group I Group II Total
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* Monthly Excess Cashflow Amount 997,273.21 338,229.48 1,335,502.69
* Premium paid from cash flow (1) 97,616.11 23,796.72 121,412.83
* Master Servicing Fee paid from cash flow (1) 22,678.39 5,545.32 28,223.71
* Trustee Fee paid from cash flow (1) 1,667.96 407.85 2,075.81
* Interest Collected on Mortgage
Loans (net of Service Fee) 4,874,150.71 1,172,889.17 6,047,039.88
* Current Period Realized Losses:
Principal 16,253.97 74,891.73 91,145.70
Interest 10.50 0.00 10.50
(1) Allocated based upon the related Certificate Balances.
