--------------------------------------------------------------------------------
ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
--------------------------------------------------------------------------------
Distribution Period: 25-Oct-99
-------------------------------------------------------------------------------------------------------------------
Original Beginning Ending
Certificate Certificate Principal Interest Total Certificate
CUSIP Class Face Value Balance Distribution Distribution Distribution Balance
-------------------------------------------------------------------------------------------------------------------
00000XXX0 A-1 127,601,000.00 104,834,956.09 6,749,240.86 525,922.03 7,275,162.89 98,085,715.23
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-8 158,400,000.00 143,932,290.70 3,235,663.57 629,423.90 3,865,087.47 140,696,627.13
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 10,721.69 10,721.69 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------
Total 550,000,000.00 512,766,246.79 9,984,904.43 2,610,321.13 12,595,225.56 502,781,342.36
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
------------------------------------------------------------------------------------------------------
00000XXX0 A-9IO 26,950,000.00 26,950,000.00 0.00 157,208.33 157,208.33 26,950,000.00
-------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT PASS THROUGH RATES
-------------------------------------------------------------------------------------------------------
Ending
Principal Interest Total Certificate Current Pass
Class Distribution Distribution Distribution Balance Class Thru Rate
-------------------------------------------------------------------------------------------------------------------
00000XXX0 A-1 52.89332262 4.12161370 57.01493632 768.69080360 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 20.42716900 3.97363573 24.40080473 888.23628239 A-8 5.62250%
00000XXX0 B 0.00000000 7.08333318 7.08333318 1,000.00000000 A-9IO 7.00000%
------------------------------------------------------------------------
Total 18.15437169 4.72654444 22.88091613 914.14789520 B 8.50000%
-------------------------------------------------------------------------------------------------------------------
LIBOR: 5.38250%
---------------
Uncapped A-8 Rate: 5.62250%
---------------
------------------------------------------------------------------------
Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
------------------------------------------------------------------------
00000XXX0 A-9IO 0.00000000 5.83333321 5.83333321 1,000.00000000
-------------------------------------------------------------------------------------
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-Oct-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 289,711.13 59,150.49 348,861.62
Prepayments (incl. Curtailments) 4,742,406.70 2,964,554.30 7,706,961.00
Purchased Principal 0.00 159,611.04 159,611.04
Liquidation Proceeds applied to principal 308,713.18 0.00 308,713.18
Realized Loss of Principal 29,142.45 0.00 29,142.45
Realized Loss of Interest 11,587.06 0.00 11,587.06
Extra Principal Distribution 1,408,409.85 52,347.74 1,460,757.59
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: 358,372,240.79 147,765,716.71 506,137,957.50
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 0.00 165,330.44 165,330.44
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix)&(x) Weighted Average Coupon 10.5179% 10.3787% 10.4770%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 256 352 284
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 3,356,615.14
Targeted Overcollateralization Amount 13,750,000.00
Class A Optimal Balance 470,387,957.50
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
----------- -------------------------------
Class B 0.00 0.00 0.00
SEC. 7.09 (a) (xvi) Group I Group II
------- --------
Available Funds Cap 9.38234% 9.26210%
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 347,104.63
Page 2
Distribution Period: 25-Oct-99
----------------------------------------------------------------------------
SEC. 7.09 (b) (i) Delinquencies(1) Period Number Percentage Prin. Balance Percentage
----------------------------------------------------------------------------
30-59 Days 138 2.35696% 6,909,000.01 1.92788%
Group I 60-89 Days 47 0.80273% 2,700,120.54 0.75344%
90+ Days 127 2.16909% 8,101,795.28 2.26072%
--------------------------------------------------------------------------------------------
30-59 Days 49 2.78251% 3,052,230.40 2.06559%
Group II 60-89 Days 14 0.79500% 1,068,193.24 0.72290%
90+ Days 57 3.23680% 4,948,891.86 3.34915%
--------------------------------------------------------------------------------------------
30-59 Days 187 2.45536% 9,961,230.41 1.96809%
TOTAL 60-89 Days 61 0.80095% 3,768,313.78 0.74452%
90+ Days 184 2.41597% 13,050,687.14 2.57848%
--------------------------------------------------------------------------------------------
Total Group I 5,855 100.00000% 358,372,240.79 100.00000%
----------------------------------------------------------------------------
Total Group II 1,761 100.00000% 147,765,716.71 100.00000%
----------------------------------------------------------------------------
Total 7,616 100.00000% 506,137,957.50 100.00000%
----------------------------------------------------------------------------
(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 77 40 117
Loans in Foreclosure (LIF): Balance 4,799,848.88 3,488,816.80 8,288,665.68
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 39 11 50
Loans in Bankruptcy: Balance 2,390,791.51 935,353.25 3,326,144.76
SEC. 7.09 (b)(iv)&(v) REO Properties: Count 4 1 5
REO Properties: Balance 240,159.94 43,945.37 284,105.31
Loans in Loss Mitigation: Count 34 12 46
Loans in Loss Mitigation: Balance 2,239,864.95 967,544.43 3,207,409.38
Loans in Forbearance: Count 7 1 8
Loans in Forbearance: Balance 407,673.56 42,918.70 450,592.26
SEC. 7.09 (b) (vi) Cumulative Realized Losses 54,763.63 15,772.22 70,535.85
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 10,801,915.82 6,017,085.10 16,819,000.92
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 2.64783%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00
0
Page 3
Distribution Period: 25-Oct-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 12,802,531.49
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
---------- -----------
Class A-1 Allocation 7,275,162.89 7,275,162.89
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 3,865,087.47 3,865,087.47
Class A-9IO Allocation 157,208.33 157,208.33
------------------------------
Class A Distribution Amount 12,585,878.87 12,585,878.87
==============================
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-1 104,834,956.09 6,749,240.86 98,085,715.23
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 26,950,000.00
A-8 143,932,290.70 3,235,663.57 140,696,627.10
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) 40,729.51 0 40,729.51
Cumulative Realized Losses 54,763.63 15,772.22 70,535.85
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 16,819,000.92
Three-Month Rolling Average 60+ Day Delinquency Rate 2.64783%
Distribution Period: 25-Oct-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status Loan Number
7653892 $82,409.94 List Pending
7900020 $70,000.00 Pending Closing
8635393 $46,500.00 List Pending
8474983 $41,250.00 List Pending
7466964 $43,945.37 Listed
Page 4
Insurer's Report
Distribution Period: 25-Oct-99
Group I Group II Total
------- -------- -----
* Monthly Excess Cashflow Amount 907,901.10 552,856.49 1,460,757.59
* Premium paid from cash flow (1) 34,008.47 14,069.53 48,078.00
* Trustee Fee paid from cash flow (1) 1,427.29 592.31 2,019.60
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,025,017.82 1,242,645.14 4,267,662.96
* Current Period Realized Losses:
Principal 29,142.45 0.00 29142.45
Interest 11,587.06 0.00 11587.06
(1) Allocated based upon the related Certificate Balances.
