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-May-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-1 127,601,000.00 124,783,620.22 2,880,913.15 625,997.83 3,506,910.98 121,902,707.07
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-8 158,400,000.00 156,783,581.55 2,831,048.77 650,749.85 3,481,798.62 153,952,532.78
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 0.00 333,892.72 333,892.72 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 550,000,000.00 545,566,201.77 5,711,961.92 3,054,893.91 8,766,855.83 539,854,239.85
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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 22.57751232 4.90590066 27.48341298 955.34288187 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 17.87278264 4.15062498 21.98105189 971.92255543 A-8 5.15250%
00000XXX0 B 0.00000000 7.08333318 7.08333318 1,000.00000000 A-9IO 7.00000%
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Total 10.38538531 4.94727489 15.33266020 981.55316336 B 8.50000%
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LIBOR: 4.91250%
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Uncapped A-8 Rate: 5.15250%
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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
ONE M & T PLAZA-7TH FLOOR
BUFFALO, NY 14240
DISTRIBUTION PERIOD: 25-May-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 317,528.62 71,561.59 389,090.21
Prepayments (incl. Curtailments) 1,546,905.47 2,140,669.82 3,687,575.29
Purchased Principal 33,500.00 200,000.00 233,500.00
Liquidation Proceeds applied to principal 117,063.88 0.00 117,063.88
Realized Loss of Principal 4,394.23 0.00 4,394.23
Realized Loss of Interest 4,232.82 0.00 4,232.82
Extra Principal Distribution 865,915.18 418,817.36 1,284,732.54
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: 380,714,060.18 161,065,179.67 541,779,239.85
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 34,033.49 202,205.00 236,238.49
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) & (x) Weighted Average Coupon 10.5455% 10.3850% 10.4975%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 259 356 288
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 1,925,000.00
Targeted Overcollateralization Amount 1,925,000.00
Class A Optimal Balance 517,854,239.85
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
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Available Funds Cap 9.43389% 9.76733%
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 347,987.08
Page 2
DISTRIBUTION PERIOD: 25-May-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 39 0.62772% 2,178,279.17 0.57216%
Group I 60-89 Days 14 0.22533% 826,971.50 0.21722%
90+ Days 5 0.08048% 290,950.00 0.07642%
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30-59 Days 31 1.60455% 2,113,283.37 1.31207%
Group II 60-89 Days 8 0.41408% 577,985.14 0.35885%
90+ Days 3 0.15528% 174,421.21 0.10829%
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30-59 Days 70 0.85942% 4,291,562.54 0.79212%
TOTAL 60-89 Days 22 0.27010% 1,404,956.64 0.25932%
90+ Days 8 0.09822% 465,371.21 0.08590%
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Total Group I 6,213 100.00000% 380,714,060.18 100.00000%
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Total Group II 1,932 100.00000% 161,065,179.67 100.00000%
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Total 8,145 100.00000% 541,779,239.85 100.00000%
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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 5 2 7
Loans in Foreclosure (LIF): Balance 290,950.00 128,927.56 419,877.56
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 5 6 11
Loans in Bankruptcy: Balance 263,090.52 668,680.03 931,770.55
SEC. 7.09 (b)(iv) & (v) REO Properties: Count 0 0 0
REO Properties: Balance 0.00 0.00 0.00
SEC. 7.09 (b) (vi) Cumulative Realized Losses 8,627.05 0.00 8,627.05
SEC. 7.09 (b) (vii) Loan Balance of 60+ Day Delinquent Loans 1,117,921.50 752,406.35 1,870,327.85
SEC. 7.09 (b) (viii) Three Month Rolling Average 60+ Day Delinquency Rate 0.16879%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00
DISTRIBUTION PERIOD: 25-May-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 8,977,972.62
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
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Class A-1 Allocation 3,506,910.98 3,506,910.98
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 3,481,798.62 3,481,798.62
Class A-9IO Allocation 157,208.33 157,208.33
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Class A Distribution Amount 8,434,338.11 8,434,338.11
=================================
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 *
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A-1 124,783,620.22 2,880,913.15 121,902,707.07
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 0.00 26,950,000.00
A-8 156,783,581.55 2,831,048.77 153,952,532.78
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) 8,627.05 0.00 8,627.05
Cumulative Realized Losses 8,627.05 0.00 8,627.05
SEC. 7.08(b)(vii) Loan Balance of 60+ Day Delinquent Loans 1,870,327.85
Three-Month Rolling Average 60+ Day Delinquency Rate 0.16879%
DISTRIBUTION PERIOD: 25-May-99
REO STATUS
SEC. 7.09 (b) (v&vi) LOAN NUMBER BOOK VALUE STATUS LOAN NUMBER
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Page 4
INSURER'S REPORT
DISTRIBUTION PERIOD: 25-May-99
Group I Group II Total
* Monthly Excess Cashflow Amount 981,042.70 633,225.03 1,614,267.73
* Premium paid from cash flow (1) 36,390.17 15,394.83 51,785.00
* Trustee Fee paid from cash flow (1) 1,487.92 635.54 2,123.46
* Interest Collected on Mortgage
Loans (net of Service Fee) 3,199,740.54 1,346,645.17 4,546,385.71
* Current Period Realized Losses:
Principal 4,394.23 0.00 4,394.23
Interest 4,232.82 0.00 4,232.82
(1) Allocated based upon the related Certificate Balances.
