Ending Principal Interest Total Notional Class Distribution Distribution Distribution Amount ----------------------------------------------------------- ---------------------- 21075WKM6 A-9IO 0.00000000 5.83333321 5.83333321 1,000.00000000...
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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
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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-1 127,601,000.00 119,561,457.44 4,239,291.01 599,799.98 4,839,090.99 115,322,166.43
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-8 158,400,000.00 152,318,390.63 3,241,318.84 699,427.01 3,940,745.85 149,077,071.79
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 1,533,974.35 1,533,974.35 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 550,000,000.00 535,878,848.07 7,480,609.85 4,277,454.85 11,758,064.70 528,398,238.22
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Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 26,950,000.00 26,950,000.00 0.00 157,208.33 157,208.33 26,950,000.00
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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 33.22302341 4.70058996 37.92361337 903.77165093 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 20.46287146 4.41557456 24.87844602 941.14312999 A-8 5.33250%
00000XXX0 B 0.00000000 7.08333318 7.08333318 1,000.00000000 A-9IO 7.00000%
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Total 13.60110882 4.98814636 18.58925518 960.72406949 B 8.50000%
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LIBOR: 5.09250%
----------------------
Uncapped A-8 Rate: 5.33250%
----------------------
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 5.83333321 5.83333321 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
Distribution Period: 25-Jul-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 311,093.73 65,401.09 376,494.82
Prepayments (incl. Curtailments) 3,849,822.16 3,224,296.95 7,074,119.11
Purchased Principal 29,995.92 0.00 29,995.92
Liquidation Proceeds applied to principal 0.00 0.00 0.00
Realized Loss of Principal 0.00 0.00 0.00
Realized Loss of Interest 0.00 0.00 0.00
Extra Principal Distribution 48,379.20 (48,379.20) (0.00)
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: 374,202,956.81 156,120,281.41 530,323,238.22
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 30,881.42 0.00 30,881.42
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) & (x) Weighted Average Coupon 10.5424% 10.3923% 10.4979%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 257 354 286
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 1,925,000.00
Targeted Overcollateralization Amount 1,925,000.00
Class A Optimal Balance 506,398,238.22
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 9.42586% 9.77545%
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 347,638.29
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 82 1.34184% 4,527,720.62 1.20996%
Group I 60-89 Days 33 0.54001% 1,933,595.93 0.51672%
90+ Days 31 0.50728% 1,846,291.61 0.49339%
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30-59 Days 47 2.51471% 3,675,728.63 2.35442%
Group II 60-89 Days 14 0.74906% 1,190,883.19 0.76280%
90+ Days 19 1.01659% 1,588,229.33 1.01731%
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30-59 Days 129 1.61654% 8,203,449.25 1.54688%
TOTAL 60-89 Days 47 0.58897% 3,124,479.12 0.58917%
90+ Days 50 0.62657% 3,434,520.94 0.64763%
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Total Group I 6,111 100.00000% 374,202,956.81 100.00000%
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Total Group II 1,869 100.00000% 156,120,281.41 100.00000%
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Total 7,980 100.00000% 530,323,238.22 100.00000%
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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 26 18 44
Loans in Foreclosure (LIF): Balance 1,488,325.11 1,525,606.37 3,013,931.48
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 16 7 23
Loans in Bankruptcy: Balance 1,060,643.37 802,722.97 1,863,366.34
SEC. 7.09 (b)(iv) & (v) REO Properties: Count 0 0 0
REO Properties: Balance 0.00 0.00 0.00
Loans in Loss Mitigation: Count 11 2 13.00
Loans in Loss Mitigation: Balance 379,109.54 115,005.51 494,115.05
Loans in Forbearance: Count 1 1 2
Loans in Forbearance: Balance 99,144.20 94,095.75 193,239.95
SEC. 7.09 (b) (vi) Cumulative Realized Losses 8,627.05 0 8,627.05
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 3,779,887.54 2,779,112.52 6,559,000.06
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 0.77353%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00
Page 3
Distribution Period: 25-Jul-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 11,968,005.81
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
---------- -----------
Class A-1 Allocation 4,839,090.99 4,839,090.99
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 3940745.85 3940745.85
Class A-9IO Allocation 157,208.33 157,208.33
----------------------------------
Class A Distribution Amount 10,225,465.35 10,225,465.35
==================================
Class B Allocation 155833.33 155833.33
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-1 119,561,457.44 4,239,291.01 115,322,166.43
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-8 152,318,390.63 3,241,318.84 149,077,071.80
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) 0.00 0.00 0.00
Cumulative Realized Losses 8,627.05 0.00 8,627.05
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 6,559,000.06
Three-Month Rolling Average 60+ Day Delinquency Rate 0.77353%
Distribution Period: 25-Jul-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status Loan Number
Page 4
Insurer's Report
Distribution Period: 25-Jul-99
Group I Group II Total
------- -------- -----
* Monthly Excess Cashflow Amount 974,376.18 552,969.13 1,527,345.31
* Premium paid from cash flow (1) 35,732.12 14,907.88 50,640.00
* Trustee Fee paid from cash flow (1) 1,472.46 620.32 2,092.78
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,166,652.16 1,314,114.76 4,480,766.92
* Current Period Realized Losses:
Principal 0.00 0.00 0.00
Interest 0.00 0.00 0.00
(1) Allocated based upon the related Certificate Balances.
