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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-3
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Distribution Period: 25-Aug-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-1 209,100,000.00 204,115,662.40 6,281,663.63 1,092,018.79 7,373,682.42 197,833,998.77
00000XXX0 A-2 126,300,000.00 126,300,000.00 0.00 712,542.50 712,542.50 126,300,000.00
00000XXX0 A-3 72,700,000.00 72,700,000.00 0.00 419,842.50 419,842.50 72,700,000.00
00000XXX0 A-4 41,500,000.00 41,500,000.00 0.00 246,233.33 246,233.33 41,500,000.00
00000XXX0 A-5 40,900,000.00 40,900,000.00 0.00 250,853.33 250,853.33 40,900,000.00
00000XXX0 A-6 72,700,000.00 72,700,000.00 0.00 465,280.00 465,280.00 72,700,000.00
00000XXX0 A-7 44,800,000.00 44,800,000.00 0.00 271,786.67 271,786.67 44,800,000.00
00000XXX0 A-8 152,000,000.00 150,626,306.78 1,890,788.55 683,309.96 2,574,098.51 148,735,518.23
00000XXX0 B 40,000,000.00 40,000,000.00 0.00 233,333.33 233,333.33 40,000,000.00
00000X0X0 C 0.00 0.00 0.00 8,493.33 8,493.33 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 800,000,000.00 793,641,969.18 8,172,452.18 4,383,693.74 12,556,145.92 785,469,517.00
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Original Beginning
Notional Notional Principal Interest Total Notional
Class Amount Amount Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 185,000,000.00 185,000,000.00 0.00 925,000.00 925,000.00 185,000,000.00
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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 30.04143295 5.22247150 35.26390445 946.12146710 A-1 6.42000%
00000XXX0 A-2 0.00000000 5.64166667 5.64166667 1,000.00000000 A-2 6.77000%
00000XXX0 A-3 0.00000000 5.77500000 5.77500000 1,000.00000000 A-3 6.93000%
00000XXX0 A-4 0.00000000 5.93333325 5.93333325 1,000.00000000 A-4 7.12000%
00000XXX0 A-5 0.00000000 6.13333325 6.13333325 1,000.00000000 A-5 7.36000%
00000XXX0 A-6 0.00000000 6.40000000 6.40000000 1,000.00000000 A-6 7.68000%
00000XXX0 A-7 0.00000000 6.06666674 6.06666674 1,000.00000000 A-7 7.28000%
00000XXX0 A-8 12.43939836 4.49546026 16.93485862 978.52314625 A-8 5.44375%
00000XXX0 B 0.00000000 5.83333325 5.83333325 1,000.00000000 A-9IO 6.00000%
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Total 10.21556523 5.46900051 15.68456574 981.83689625 B 7.00000%
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LIBOR: 5.16375%
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Uncapped A-8 Rate: 5.44375%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 5.00000000 5.00000000 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-Aug-99
Group I Group II Total
------- -------- -----
SEC. 7.09 (a) (ii) Scheduled Principal Received 509,053.49 70,614.48 579,667.97
Prepayments (incl. Curtailments) 4,587,950.99 1,621,789.64 6,209,740.63
Purchased Principal 132,000.00 311,769.08 443,769.08
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 1,052,659.15 (113,384.65) 939,274.50
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: 630,738,216.19 156,441,103.63 787,179,319.82
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 134,021.27 317,236.73 451,258.00
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix) &Weighted Average Coupon 10.2044% 10.0339% 10.1704%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 257 354 277
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 1,709,802.82
Targeted Overcollateralization Amount 19,600,000.00
Class A Optimal Balance 727,579,319.82
Class B Optimal Balance 40,000,000.00
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 7.71369% 8.78849%
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 497,942.41
2nd Largest Home Equity Loan Balance Outstanding 439,648.75
3rd Largest Home Equity Loan Balance Outstanding 433,257.72
Distribution Period: 25-Aug-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 65 0.73931% 4,008,267.33 0.63549%
Group I 60-89 Days 15 0.17061% 946,946.20 0.15013%
90+ Days 5 0.05687% 287,136.18 0.04552%
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30-59 Days 19 1.29340% 1,665,013.65 1.06431%
Group II 60-89 Days 12 0.81688% 1,332,172.15 0.85155%
90+ Days 11 0.74881% 1,037,586.46 0.66324%
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30-59 Days 84 0.81863% 5,673,280.98 0.72071%
TOTAL 60-89 Days 27 0.26313% 2,279,118.35 0.28953%
90+ Days 16 0.15593% 1,324,722.64 0.16829%
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Total Group I 8,792 100.00000% 630,738,216.19 100.00000%
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Total Group II 1,469 100.00000% 156,441,103.63 100.00000%
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Total 10,261 100.00000% 787,179,319.82 100.00000%
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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 10 15
Loans in Foreclosure (LIF): Balance 282,336.57 847,757.91 1,130,094.48
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 9 3 12
Loans in Bankruptcy: Balance 420,524.33 273,942.93 694,467.26
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 2 3 5
Loans in Loss Mitigation: Balance 293,370.20 443,205.48 736,575.68
Loans in Forbearance: Count 0 0 0
Loans in Forbearance: Balance 0.00 0.00 0.00
SEC. 7.09 (b) (vi) Cumulative Realized Losses 863.23 0.00 863.23
SEC. 7.09 (b) (vii) Loan Balance of 90+ Day Delinquent Loans 287,136.18 1,037,586.46 1,324,722.64
SEC. 7.09 (b) (viii) Six-Month Rolling Average 90+ Day Delinquency Rate 0.099631%
Six-Month Rolling Average Excess Spread 0.101178%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00 0.00
Page 3
Distribution Period: 25-Aug-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 13,643,575.08
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
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Class A-1 Allocation 7,373,682.42 7,373,682.42
Class A-2 Allocation 712,542.50 712,542.50
Class A-3 Allocation 419,842.50 419,842.50
Class A-4 Allocation 246,233.33 246,233.33
Class A-5 Allocation 250,853.33 250,853.33
Class A-6 Allocation 465,280.00 465,280.00
Class A-7 Allocation 271,786.67 271,786.67
Class A-8 Allocation 2,574,098.51 2,574,098.51
Class A-9IO Allocation 925,000.00 925,000.00
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Class A Distribution Amount 13,239,319.26 13,239,319.26
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Class B Allocation 233,333.33 233,333.33
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-1 204,115,662.40 6,281,663.63 197,833,998.77
A-2 126,300,000.00 0.00 126,300,000.00
A-3 72,700,000.00 0.00 72,700,000.00
A-4 41,500,000.00 0.00 41,500,000.00
A-5 40,900,000.00 0.00 40,900,000.00
A-6 72,700,000.00 0.00 72,700,000.00
A-7 44,800,000.00 0.00 44,800,000.00
A-8 150,626,306.78 1,890,788.55 148,735,518.23
A-9IO 185,000,000.00 NA 185,000,000.00
B 40,000,000.00 0.00 40,000,000.00
* 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 863.23 0.00 863.23
SEC. 7.08(b)(vii) Six-Month Rolling Average 90+ Day Delinquency Rate 0.099631%
Six-Month Rolling Average Excess Spread 0.101178%
Distribution Period: 25-Aug-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-Aug-99
Group I Group II Total
* Monthly Excess Cashflow Amount 442,691.07 496,583.43 939,274.50
* Premium paid from cash flow (1) 104,428.45 26,028.72 130,457.17
* Master Servicing Fee paid from cash flow (1) 23,848.77 5,941.70 29,790.47
* Trustee Fee paid from cash flow (1) 1,746.42 435.10 2,181.52
* Interest Collected on Mortgage
Loans (net of Service Fee) 5,143,066.91 1,258,837.16 6,401,904.07
* 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.
