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ContiMortgage Corporation
Home Equity Loan Pass-Through Certificates
Series 1999-3
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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-1 209,100,000.00 184,149,545.35 7,463,432.08 985,200.07 8,448,632.15 176,686,113.27
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-8 152,000,000.00 144,512,067.36 2,598,788.82 730,749.35 3,329,538.17 141,913,278.54
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 8,530.65 8,530.65 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
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Total 800,000,000.00 767,561,612.71 10,062,220.90 4,324,351.73 14,386,572.63 757,499,391.81
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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 185,000,000.00 120,000,000.00 0.00 600,000.00 600,000.00 120,000,000.00
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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 35.69312329 4.71162157 40.40474486 844.98380330 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 17.09729487 4.80756151 21.90485638 933.63999039 A-8 5.68875%
00000XXX0 B 0.00000000 5.83333325 5.83333325 1,000.00000000 A-9IO 6.00000%
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Total 12.57777613 5.39477635 17.97255248 946.87423976 B 7.00000%
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LIBOR: 5.40875%
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Uncapped A-8 Rate: 5.68875%
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Ending
Principal Interest Total Notional
Class Distribution Distribution Distribution Amount
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00000XXX0 A-9IO 0.00000000 3.24324324 3.24324324 648.64864865
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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 511,108.85 69,326.38 580,435.23
Prepayments (incl. Curtailments) 5,685,266.81 2,601,557.21 8,286,824.02
Purchased Principal 0.00 60,000.00 60,000.00
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 1,267,056.42 (132,094.77) 1,134,961.65
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: 612,587,146.00 149,835,659.22 762,422,805.22
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 0.00 62,639.98 62,639.98
Substitution Amounts 0.00 0.00 0.00
SEC. 7.09 (a) (ix)&(x) Weighted Average Coupon 10.1880% 10.0311% 10.1569%
SEC. 7.09 (a) (xi) Weighted Average Remaining Term to Maturity 256 353 275
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 4,923,413.41
Targeted Overcollateralization Amount 19,600,000.00
Class A Optimal Balance 702,822,805.22
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
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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 8.28073% 8.78747%
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 497,070.27
2nd Largest Home Equity Loan Balance Outstanding 439,110.27
3rd Largest Home Equity Loan Balance Outstanding 414,981.96
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 139 1.62478% 8,308,368.26 1.35628%
Group I 60-89 Days 41 0.47925% 3,214,219.73 0.52470%
90+ Days 79 0.92344% 5,090,970.85 0.83106%
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30-59 Days 32 2.27273% 2,600,875.35 1.73582%
Group II 60-89 Days 15 1.06534% 1,374,408.03 0.91728%
90+ Days 33 2.34375% 3,299,606.60 2.20215%
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30-59 Days 171 1.71635% 10,909,243.61 1.43087%
TOTAL 60-89 Days 56 0.56208% 4,588,627.76 0.60185%
90+ Days 112 1.12416% 8,390,577.45 1.10052%
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Total Group I 8,555 100.00000% 612,587,146.00 100.00000%
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Total Group II 1,408 100.00000% 149,835,659.22 100.00000%
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Total 9,963 100.00000% 762,422,805.22 100.00000%
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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
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SEC. 7.09 (b) (ii) Loans in Foreclosure (LIF): Count 2 7 9
Loans in Foreclosure (LIF): Balance 62,427.56 531,045.10 593,472.66
SEC. 7.09(b)(iii) Loans in Bankruptcy: Count 1 0 1
Loans in Bankruptcy: Balance 79,168.86 0.00 79,168.86
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 4 4 8
Loans in Loss Mitigation: Balance 187,525.81 532,295.10 719,820.91
Loans in Forbearance: Count 0 2 2
Loans in Forbearance: Balance 0.00 111,272.36 111,272.36
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 5,090,970.85 3,299,606.60 8,390,577.45
SEC. 7.09 (b) (viii) Six-Month Rolling Average 90+ Day Delinquency Rate 0.461995%
Six-Month Rolling Average Excess Spread 0.118492%
Cumulative Realized Loss Trigger Event Occurrence NO
SEC. 7.09 (b) (ix) Optional Buyout Loans 0.00 0.00
Page 3
Distribution Period: 25-Nov-99
SEC. 7.08(b)(i) Amount on Deposit in the Certificate Account 15,143,183.50
SEC. 7.08(b)(ii) & (iv) Amount Due Amount Paid
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Class A-1 Allocation 8,448,632.15 8,448,632.15
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 3,329,538.17 3,329,538.17
Class A-9IO Allocation 600,000.00 600,000.00
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Class A Distribution Amount 14,744,708.65 14,744,708.65
==============================
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-1 184,149,545.35 7,463,432.08 176,686,113.27
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-8 144,512,067.36 2,598,788.82 141,913,278.54
A-9IO 120,000,000.00 NA 120,000,000.00
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 0.461995%
Six-Month Rolling Average Excess Spread 0.118492%
Page 4
Distribution Period: 25-Nov-99
REO Status
SEC. 7.09 (b) (v&vi) Loan Number Book Value Status Loan Number
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Page 5
Insurer's Report
Distribution Period: 25-Nov-99
Group I Group II Total
* Monthly Excess Cashflow Amount 731,064.57 403,897.09 1,134,961.65
* Premium paid from cash flow (1) 100,727.57 24,834.82 125,562.39
* Master Servicing Fee paid from cash flow (1) 23,204.38 5,721.25 28,925.63
* Trustee Fee paid from cash flow (1) 1,702.97 419.88 2,122.85
* Interest Collected on Mortgage
Loans (net of Service Fee) 4,995,619.85 1,211,773.75 6,207,393.60
* 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.
