Group I Group II Total ------- -------- ----- SEC. 7.09 (a) (ii) Scheduled Principal Received 381,117.34 68,791.53 449,908.87 Prepayments (incl. Curtailments) 5,851,902.02 2,297,386.04 8,149,288.06 Purchased Principal 64,551.17 0.00 64,551.17...
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-1
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Distribution Period: 25-Jul-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-1 164,250,000.00 151,611,642.33 6,314,183.69 759,321.64 7,073,505.33 145,297,458.64
00000XXX0 A-2 96,940,000.00 96,940,000.00 0.00 484,700.00 484,700.00 96,940,000.00
00000XXX0 A-3 53,259,000.00 53,259,000.00 0.00 273,840.03 273,840.03 53,259,000.00
00000XXX0 A-4 29,905,000.00 29,905,000.00 0.00 157,001.25 157,001.25 29,905,000.00
00000XXX0 A-5 31,401,000.00 31,401,000.00 0.00 166,686.98 166,686.98 31,401,000.00
00000XXX0 A-6 53,245,000.00 53,245,000.00 0.00 303,940.21 303,940.21 53,245,000.00
00000XXX0 A-7 34,125,000.00 34,125,000.00 0.00 183,990.63 183,990.63 34,125,000.00
00000XXX0 A-8 154,375,000.00 145,715,284.29 2,439,818.30 674,125.45 3,113,943.75 143,275,465.99
00000XXX0 B 32,500,000.00 32,500,000.00 0.00 230,208.33 230,208.33 32,500,000.00
00000X0X0 C 0.00 0.00 0.00 1,564,649.18 1,564,649.18 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 650,000,000.00 628,701,926.62 8,754,001.99 4,798,463.70 13,552,465.69 619,947,924.63
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Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 34,125,000.00 34,125,000.00 0.00 199,062.50 199,062.50 34,125,000.00
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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 38.44251866 4.62296280 43.06548146 884.6116203 A-1 6.01000%
00000XXX0 A-2 0.00000000 5.00000000 5.00000000 1,000.0000000 A-2 6.00000%
00000XXX0 A-3 0.00000000 5.14166676 5.14166676 1,000.0000000 A-3 6.17000%
00000XXX0 A-4 0.00000000 5.25000000 5.25000000 1,000.0000000 A-4 6.30000%
00000XXX0 A-5 0.00000000 5.30833349 5.30833349 1,000.0000000 A-5 6.37000%
00000XXX0 A-6 0.00000000 5.70833336 5.70833336 1,000.0000000 A-6 6.85000%
00000XXX0 A-7 0.00000000 5.39166681 5.39166681 1,000.0000000 A-7 6.47000%
00000XXX0 A-8 15.80449101 4.36680453 20.17129555 928.1001845 A-8 5.37250%
00000XXX0 B 0.00000000 7.08333323 7.08333323 1,000.0000000 A-9IO 7.00000%
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Total 13.46769537 4.97509926 18.44279463 953.76603789 B 8.50000%
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LIBOR: 5.09250%
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Uncapped A-8 Rate: 5.37250%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 5.83333333 5.83333333 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-Jul-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 381,117.34 68,791.53 449,908.87
Prepayments (incl. Curtailments) 5,851,902.02 2,297,386.04 8,149,288.06
Purchased Principal 64,551.17 0.00 64,551.17
Liquidation Proceeds applied to principal 0.00 67,945.77 67,945.77
Realized Loss of Principal 0.00 22,308.12 22,308.12
Realized Loss of Interest 0.00 6,118.75 6,118.75
Extra Principal Distribution 16,613.16 5,694.96 22,308.12
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: 468,745,879.19 151,202,045.44 619,947,924.63
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 66,541.50 0.00 66,541.50
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) & (x) Weighted Average Coupon 10.2955% 10.1735% 10.2657%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 267 352 288
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 0.00
Targeted Overcollateralization Amount 0.00
Class A Optimal Balance 587,447,924.63
Class B Optimal Balance 32,500,000.00
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 9.10166% 9.48306%
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 410,797.38
2nd Largest Home Equity Loan Balance Outstanding 402,227.10
3rd Largest Home Equity Loan Balance Outstanding 393,619.01
SEC. 7.09 (a) (xxi) Class B Available Funds Cap Carry-Forward Amount 0.00
Page 2
Distribution Period: 25-Jul-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 94 1.42273% 6,716,235.79 1.43281%
Group I 60-89 Days 28 0.42379% 1,832,378.95 0.39091%
90+ Days 61 0.92326% 4,305,809.47 0.91858%
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30-59 Days 24 1.44144% 1,554,879.68 1.02835%
Group II 60-89 Days 7 0.42042% 703,151.03 0.46504%
90+ Days 22 1.32132% 1,679,148.46 1.11053%
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30-59 Days 118 1.42650% 8,271,115.47 1.33416%
TOTAL 60-89 Days 35 0.42311% 2,535,529.98 0.40899%
90+ Days 83 1.00338% 5,984,957.93 0.96540%
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Total Group I 6,607 100.00000% 468,745,879.19 100.00000%
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Total Group II 1,665 100.00000% 151,202,045.44 100.00000%
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Total 8,272 100.00000% 619,947,924.63 100.00000%
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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 45 19 64
Loans in Foreclosure (LIF): Balance 2,871,531.47 1,283,448.12 4,154,979.59
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 16 4 20
Loans in Bankruptcy: Balance 984,121.26 338,895.04 1,323,016.30
SEC. 7.09 (b)(iv) & (v) REO Properties: Count 1 0 1
REO Properties: Balance 267,602.21 0.00 267,602.21
Loans in Loss Mitigation: Count 12.00 5 17
Loans in Loss Mitigation: Balance 845,785.40 558,489.49 1,404,274.89
Loans in Forbearance: Count 1 2 3
Loans in Forbearance: Balance 39,080,76 176,781.85 215,862.61
SEC. 7.09 (b) (vi) Cumulative Realized Losses 4,030,52 28,426.87 32,457.39
SEC. 7.09 (b) (vii) Loan Balance of 90+ Day Delinquent Loans 4,305,809.47 1,679,148.46 5,984,957.93
SEC. 7.09 (b) (viii) Six Month Rolling Average 90+ Day Delinquency Rate 0.46475%
Six-Month Rolling Average Excess Spread 0.23207%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00
Page 3
Distribution Period: 25-Jul-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status
----------- ---------- ------
7564503 $267,602.21 List Pending
Page 4
Distribution Period: 25-Jul-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 13,851,508.54
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
---------- -----------
Class A-1 Allocation 7,073,505.33 7,073,505.33
Class A-2 Allocation 484,700.00 484,700.00
Class A-3 Allocation 273,840.03 273,840.03
Class A-4 Allocation 157,001.25 157,001.25
Class A-5 Allocation 166,686.98 166,686.98
Class A-6 Allocation 303,940.21 303,940.21
Class A-7 Allocation 183,990.63 183,990.63
Class A-8 Allocation 3113943.75 3113943.75
Class A-9IO Allocation 199,062.50 199,062.50
----------------------------------
Class A Distribution Amount 11,956,670.68 11,956,670.68
==================================
Class B Allocation 230,208.33 230,208.33
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-1 151,611,642.33 6,314,183.69 145,297,458.64
A-2 96,940,000.00 0.00 96,940,000.00
A-3 53,259,000.00 0.00 53,259,000.00
A-4 29,905,000.00 0.00 29,905,000.00
A-5 31,401,000.00 0.00 31,401,000.00
A-6 53,245,000.00 0.00 53,245,000.00
A-7 34,125,000.00 0.00 34,125,000.00
A-8 145,715,284.29 2,439,818.30 143,275,466.00
A-9IO 34,125,000.00 NA 34,125,000.00
B $32,500,000.00 0.00 32,500,000.00
* Denotes Notional Amounts for Class A-9IO.
Group I Group II Total
------- -------- -----
SEC. 7.08(b)(vi) Current Period Realized Losses (Recoveries) 0.00 28426.87 28426.87
Cumulative Realized Losses 4,030.52 28426.87 32457.39
SEC. 7.08(b)(vii) Six-Month Rolling Average Excess Spread 0.23207%
Six-Month Rolling Average 90+ Day Delinquency Rate 0.46475%
Distribution Period: 25-Jul-99
Group I Group II Total
------- -------- -----
* Monthly Excess Cashflow Amount 1,099,646.32 477,785.18 1,577,431.50
* Premium paid from cash flow (1) 74,028.74 23,879.24 97,907.98
* Trustee Fee paid from cash flow (1) 1,565.87 506.50 2,072.37
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,877,728.22 1,232,560.65 5,110,288.87
* Current Period Realized Losses:
Principal 0.00 22,308.12 22,308.12
Interest 0.00 6,118.75 6,118.75
(1) Allocated based upon the related Certificate Balances.
