ADDENDUM NUMBER 2 TO SUBSERVICING AGREEMENT

                          Dated as of March 1, 1999

Reference is made to that certain Subservicing Agreement dated as of November 1,
1998 (the "Sub-Servicing Agreement") by and among ContiMortgage Corporation, a
Delaware corporation (the "Servicer"), ContiWest Corporation, a Nevada
corporation, ContiSecurities Asset Funding Corp., a Delaware corporation (the
"Depositor"), Continental Grain Company, a Delaware corporation (the
"Subservicer") and Manufacturers and Traders Trust Company, a New York banking
corporation (the "Trustee"), in its capacity as Trustee under various Pooling
and Servicing Agreements listed on attached thereto which Schedule may be
amended from time to time by delivery of notice thereof to the parties hereto
and to the related Certificate Insurers (the "Pooling Agreements") and on behalf
of the related securitization trusts (the "Trusts") formed pursuant to the
Pooling Agreements.

Terms capitalized herein and not defined herein shall have their respective
meanings set forth in the Sub-Servicing Agreement.

The parties to the Sub-Servicing Agreement hereby agree to amend the Schedule to
the Sub-Servicing Agreement by adding thereto a reference to the Pooling
Agreement relating to the Depositor's Series 1999-1 securitization Trust, with
the result that the Series 1999-1 Trust will be one of the Trusts covered by the
Sub-Servicing Agreement.

Consistent with the foregoing, the following is hereby added to the Schedule:

Series      Pooling Agreement
------      -----------------

1999-1      Pooling and Servicing Agreement, dated as of March 1, 1999 among
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller, ContiWest Corporation, as
            Seller and Manufacturers and Traders Trust Company, as Trustee.

IN WITNESS WHEREOF, the parties have caused this Addendum Number 2 to be
executed and delivered by their proper and duly authorized officers as of the
date first above written.

                          CONTIMORTGAGE CORPORATION, as Servicer and as Seller

                          By: /s/ Margaret M. Curry
                              -------------------------------------
                              Name: Margaret Curry
                              Title: Senior Vice President


                          By: /s/ Daniel J. Egan
                              -------------------------------------
                              Name: Daniel Egan
                              Title: Senior Vice President

<PAGE>

                          CONTINENTAL GRAIN COMPANY, as Subservicer

                          By: /s/ Mark R. Baker
                              -------------------------------------
                              Name: Mark R. Baker
                              Title: Corporate Senior Vice President


                          CONTISECURITIES ASSET FUNDING CORP., as Depositor

                          By: /s/ John Banu
                              -------------------------------------
                              Name: John Banu
                              Title: Authorized Signatory

                          By: /s/ Mary Rapoport
                              -------------------------------------
                              Name: Mary Rapoport
                              Title: Authorized Signatory


                          CONTIWEST CORPORATION, as Seller

                          By: /s/ Joy Tolbert
                              -------------------------------------
                              Name: Joy Tolbert
                              Title: Vice President

                          By: /s/ Todd Hart
                              -------------------------------------
                              Name: Todd Hart
                              Title: Assistant Secretary


                          MANUFACTURERS AND TRADERS TRUST COMPANY,
                            as Trustee and on behalf of the Trusts

                          By: /s/ Neil B. Witoff
                              -------------------------------------
                              Name: Neil Witoff
                              Title: Assistant Vice President