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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-1
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Distribution Period: 25-Nov-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-1 164,250,000.00 121,831,401.70 9,338,697.00 610,172.27 9,948,869.27 112,492,704.70
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-8 154,375,000.00 130,959,861.57 4,490,692.31 662,220.37 5,152,912.68 126,469,169.26
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 11,961.32 11,961.32 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 650,000,000.00 584,166,263.27 13,829,389.31 3,084,721.39 16,914,110.70 570,336,873.96
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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 56.85660274 3.71489967 60.57150240 684.88709102 A-1 6.01000%
00000XXX0 A-2 0.00000000 5.00000000 5.00000000 1,000.00000000 A-2 6.00000%
00000XXX0 A-3 0.00000000 5.14166676 5.14166676 1,000.00000000 A-3 6.17000%
00000XXX0 A-4 0.00000000 5.25000000 5.25000000 1,000.00000000 A-4 6.30000%
00000XXX0 A-5 0.00000000 5.30833349 5.30833349 1,000.00000000 A-5 6.37000%
00000XXX0 A-6 0.00000000 5.70833336 5.70833336 1,000.00000000 A-6 6.85000%
00000XXX0 A-7 0.00000000 5.39166681 5.39166681 1,000.00000000 A-7 6.47000%
00000XXX0 A-8 29.08950484 4.28968661 33.37919145 819.23348509 A-8 5.68875%
00000XXX0 B 0.00000000 7.08333323 7.08333323 1,000.00000000 A-9IO 7.00000%
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Total 21.27598355 4.72732318 26.00330674 877.44134455 B 8.50000%
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LIBOR: 5.40875%
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Uncapped A-8 Rate: 5.68875%
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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-Nov-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 376,301.19 57,585.33 433,886.52
Prepayments (incl. Curtailments) 7,205,200.34 4,430,314.76 11,635,515.10
Purchased Principal 0.00 0.00 0.00
Liquidation Proceeds applied to principal 213,484.06 188,304.81 401,788.87
Realized Loss of Principal 145,895.08 0.00 145,895.08
Realized Loss of Interest 15,625.21 2,436.62 18,061.83
Extra Principal Distribution 1,543,711.41 (185,512.59) 1,358,198.82
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: 439,569,870.30 133,346,927.83 572,916,798.13
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 10.2672% 10.2092% 10.2535%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 265 349 285
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 2,579,924.17
Targeted Overcollateralization Amount 16,575,000.00
Class A Optimal Balance 523,841,798.13
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
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Available Funds Cap 9.00558% 8.98196%
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 409,803.33
2nd Largest Home Equity Loan Balance Outstanding 401,630.00
3rd Largest Home Equity Loan Balance Outstanding 392,680.34
SEC. 7.09 (a) (xxi) Class B Available Funds Cap Carry-Forward Amount 0.00
Page 2
Distribution Period: 25-Nov-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 130 2.09610% 7,646,975.73 1.73965%
Group I 60-89 Days 48 0.77394% 3,054,781.78 0.69495%
90+ Days 165 2.66043% 11,807,046.86 2.68605%
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30-59 Days 47 3.15436% 3,847,648.53 2.88544%
Group II 60-89 Days 23 1.54362% 1,560,116.55 1.16997%
90+ Days 59 3.95973% 4,843,219.77 3.63204%
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30-59 Days 177 2.30109% 11,494,624.26 2.00633%
TOTAL 60-89 Days 71 0.92304% 4,614,898.33 0.80551%
90+ Days 224 2.91212% 16,650,266.63 2.90623%
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Total Group I 6,202 100.00000% 439,569,870.30 100.00000%
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Total Group II 1,490 100.00000% 133,346,927.83 100.00000%
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Total 7,692 100.00000% 572,916,798.13 100.00000%
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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 27 22 49
Loans in Foreclosure (LIF): Balance 1,806,183.68 1,378,068.88 3,184,252.56
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 15 10 25
Loans in Bankruptcy: Balance 1,479,680.27 934,090.50 2,413,770.77
SEC. 7.09 (b)(iv) & (v) REO Properties: Count 3 0 3
REO Properties: Balance 427,362.99 0.00 427,362.99
Loans in Loss Mitigation: Count 12 5 17
Loans in Loss Mitigation: Balance 729,181.00 446,909.02 1,176,090.02
Loans in Forbearance: Count 4 1 5
Loans in Forbearance: Balance 220,973.08 73,514.49 294,487.57
SEC. 7.09 (b) (vi) Cumulative Realized Losses 365,481.15 39,744.34 405,225.49
SEC. 7.09 (b) (vii) Loan Balance of 90+ Day Delinquent Loans 11,807,046.86 4,843,219.77 16,650,266.63
SEC. 7.09 (b) (viii) Six Month Rolling Average 90+ Day Delinquency Rate 1.63674%
Six-Month Rolling Average Excess Spread .226245%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0 0
Page 3
Distribution Period: Nov 25, 1999
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 17,224,284.08
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
Class A-1 Allocation 9,948,869.27 9,948,869.27
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 5,152,912.68 5,152,912.68
Class A-9IO Allocation 199,062.50 199,062.50
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Class A Distribution Amount 16,871,003.55 16,871,003.55
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Class B Allocation 230,208.33 230,208.33
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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-1 121,831,401.70 9,338,697.00 112,492,704.70
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 34,125,000.00
A-8 130,959,861.57 4,490,692.31 126,469,169.26
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) 161,520.29 2,436.62 163,956.91
Cumulative Realized Losses 365,481.15 39,744.34 405,225.49
SEC. 7.08(b)(vii) Six-Month Rolling Average Excess Spread .22625%
Six-Month Rolling Average 90+ Day Delinquency Rate 1.63674
Page 4
Distribution Period: Nov 25, 1999
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status
7425622 77,350.84 List Pending
7564503 267,602.21 List Pending
7638695 82,409.94 List Pending
Insurer's Report
Distribution Period: Nov 25, 1999
Group I Group II Total
* Monthly Excess Cashflow Amount 986,512.95 371,685.87 1,358,198.82
* Premium paid from cash flow (1) 68,561.28 21,078.19 89,639.47
* Trustee Fee paid from cash flow (1) 1,493.10 460.51 1,953.61
* Master Serv Fee paid from cash flow 14,917.03 4,600.77 19,517.80
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,626,821.42 1,114,310.85 4,741,132.27
* Current Period Realized Losses:
Principal 145,895.08 0 145,895.08
Interest 15,625.21 2,436.62 18,061.83
(1) Allocated based upon the related Certificate Balances.
