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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-2
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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-1 127,601,000.00 98,085,715.23 6,997,852.85 492,063.34 7,489,916.19 91,087,862.38
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-8 158,400,000.00 140,696,627.13 2,934,313.24 706,453.40 3,640,766.64 137,762,313.89
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 7,965.82 7,965.82 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 550,000,000.00 502,781,342.36 9,932,166.09 2,650,736.07 12,582,902.16 492,849,176.27
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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 54.84167718 3.85626555 58.69794273 713.84912642 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 18.52470480 4.45993308 22.98463788 869.71157759 A-8 5.64875%
00000XXX0 B 0.00000000 7.08333318 7.08333318 1,000.00000000 A-9IO 7.00000%
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Total 18.05848380 4.80503682 22.86352062 896.08941140 B 8.50000%
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LIBOR: 5.40875%
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Uncapped A-8 Rate: 5.64875%
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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
Page 1
Distribution Period: 25-Nov-99
Group I Group II Total
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SEC. 7.09 (a) (ii) Scheduled Principal Received 305,335.97 64,762.81 370,098.78
Prepayments (incl. Curtailments) 5,876,541.80 2,172,822.65 8,049,364.45
Purchased Principal 0.00 0.00 0.00
Liquidation Proceeds applied to principal 167,831.47 0.00 167,831.47
Realized Loss of Principal 63,465.28 0.00 63,465.28
Realized Loss of Interest 9,713.26 0.00 9,713.26
Extra Principal Distribution 648,143.61 696,727.78 1,344,871.39
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: 351,959,066.27 145,528,131.25 497,487,197.52
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 10.5058% 10.3709% 10.4664%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 255 351 283
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 4,638,021.25
Targeted Overcollateralization Amount 13,750,000.00
Class A Optimal Balance 461,737,197.52
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
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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 9.36312% 9.25426%
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 346,923.90
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 131 2.27826% 6,612,690.35 1.87882%
Group I 60-89 Days 56 0.97391% 3,270,432.77 0.92921%
90+ Days 144 2.50435% 9,162,168.93 2.60319%
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30-59 Days 54 3.11778% 3,412,650.46 2.34501%
Group II 60-89 Days 19 1.09700% 1,432,210.88 0.98415%
90+ Days 60 3.46420% 5,243,554.39 3.60312%
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30-59 Days 185 2.47260% 10,025,340.81 2.01520%
TOTAL 60-89 Days 75 1.00241% 4,702,643.65 0.94528%
90+ Days 204 2.72654% 14,405,723.32 2.89570%
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Total Group I 5,750 100.00000% 351,959,066.27 100.00000%
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Total Group II 1,732 100.00000% 145,528,131.25 100.00000%
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Total 7,482 100.00000% 497,487,197.52 100.00000%
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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 12 28 40
Loans in Foreclosure (LIF): Balance 753,939.84 2,721,932.85 3,475,872.69
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 12 8 20
Loans in Bankruptcy: Balance 639,101.27 664,618.88 1,303,720.15
SEC. 7.09 (b)(iv) & (v)REO Properties: Count 1 1 2
REO Properties: Balance 82,409.94 43,945.37 126,355.31
Loans in Loss Mitigation: Count 6 6 12
Loans in Loss Mitigation: Balance 356,990.01 326,311.77 683,301.78
Loans in Forbearance: Count 2 1 3
Loans in Forbearance: Balance 95,634.02 42,918.70 138,552.72
SEC. 7.09 (b) (vi) Cumulative Realized Losses 127,942.17 15,772.22 143,714.39
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 12,432,601.70 6,675,765.27 19,108,366.97
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 3.27423%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0
0
Page 3
Distribution Period: 25-Nov-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 12,789,183.46
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
Class A-1 Allocation 7,489,916.19 7,489,916.19
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 3,640,766.64 3,640,766.64
Class A-9IO Allocation 157,208.33 157,208.33
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Class A Distribution Amount 12,576,311.34 12,576,311.34
==============================
Class B Allocation 155,833.33 155,833.33
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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 98,085,715.23 6,997,852.85 91,087,862.38
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-8 140,696,627.13 2,934,313.24 37,762,313.89
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) 73,178.54 0 73,178.54
Cumulative Realized Losses 127,942.17 15,772.22 143,714.39
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 19,108,366.97
Three-Month Rolling Average 60+ Day Delinquency Rate 3.27423%
Page 4
Distribution Period: 25-Nov-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status
7653892 82,409.94 List Pending
7466964 43,945.37 Listed
Insurer's Report
Distribution Period: 25-Nov-99
Group I Group II Total
* Monthly Excess Cashflow Amount 895,698.95 449,172.44 1,344,871.39
* Premium paid from cash flow (1) 33,308.69 13,776.31 47,085.00
* Trustee Fee paid from cash flow (1) 1,407.59 580.38 1,987.97
* Interest Collected on Mortgage
Loans (net of Service Fee) 2,978,445.25 1,215,477.69 4,193,922.94
* Current Period Realized Losses:
Principal 63,465.28 0 63,465.28
Interest 9,713.26 0 9,713.26
(1) Allocated based upon the related Certificate Balances.
