--------------------------------------------------------
                       ContiMortgage Corporation
                        Home Equity Loan Pass-Through Certificates
                       Series 1999-3
                       --------------------------------------------------------

Distribution Period:         25-Jan-00

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                          Original         Beginning                                                               Ending
                         Certificate      Certificate       Principal          Interest           Total         Certificate
   CUSIP       Class     Face Value         Balance        Distribution      Distribution      Distribution       Balance
------------------------------------------------------------------------------------------------------------------------------
<S>             <C>    <C>               <C>                <C>                  <C>           <C>             <C>
 21075WKP9      A-1     209,100,000.00   168,390,304.18     9,483,944.68         900,888.13    10,384,832.81   158,906,359.50
 21075WKQ7      A-2     126,300,000.00   126,300,000.00             0.00         712,542.50       712,542.50   126,300,000.00
 21075WKR5      A-3      72,700,000.00    72,700,000.00             0.00         419,842.50       419,842.50    72,700,000.00
 21075WKS3      A-4      41,500,000.00    41,500,000.00             0.00         246,233.33       246,233.33    41,500,000.00
 21075WKT1      A-5      40,900,000.00    40,900,000.00             0.00         250,853.33       250,853.33    40,900,000.00
 21075WKU8      A-6      72,700,000.00    72,700,000.00             0.00         465,280.00       465,280.00    72,700,000.00
 21075WKV6      A-7      44,800,000.00    44,800,000.00             0.00         271,786.67       271,786.67    44,800,000.00
 21075WKW4      A-8     152,000,000.00   139,365,893.20     3,384,612.68         759,065.05     4,143,677.73   135,981,280.52
 21075WKY0       B       40,000,000.00    40,000,000.00             0.00         233,333.33       233,333.33    40,000,000.00
 21075X2V4       C                0.00             0.00             0.00          14,669.23        14,669.23             0.00
                 R                0.00             0.00             0.00               0.00             0.00             0.00
             -----------------------------------------------------------------------------------------------------------------
             Total      800,000,000.00   746,656,197.38    12,868,557.36       4,274,494.07    17,143,051.43   733,787,640.02
             -----------------------------------------------------------------------------------------------------------------

             -----------------------------------------------------------------------------------------------------------------
                          Original         Beginning
                          Notional          Notional        Principal          Interest           Total           Notional
               Class       Amount            Amount        Distribution      Distribution      Distribution        Amount
             -----------------------------------------------------------------------------------------------------------------
 21075WKX2     A-9IO    185,000,000.00    60,000,000.00             0.00         300,000.00       300,000.00    60,000,000.00
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
             --------------------------------------------------------------------------------------------------------------
                                          AMOUNTS PER $1,000 UNIT                              PASS THROUGH RATES
             --------------------------------------------------------------------------------------------------------------
                                                                          Ending
                          Principal       Interest        Total        Certificate                       Current Pass
               Class    Distribution    Distribution   Distribution      Balance          Class        Thru Rate
--------------------------------------------------------------------------------------------------------------------
<S>             <C>        <C>             <C>           <C>             <C>                 <C>           <C>
 21075WKP9      A-1        45.35602429     4.30840808    49.66443238     759.95389527      A-1             6.42000%
 21075WKQ7      A-2         0.00000000     5.64166667     5.64166667   1,000.00000000      A-2             6.77000%
 21075WKR5      A-3         0.00000000     5.77500000     5.77500000   1,000.00000000      A-3             6.93000%
 21075WKS3      A-4         0.00000000     5.93333325     5.93333325   1,000.00000000      A-4             7.12000%
 21075WKT1      A-5         0.00000000     6.13333325     6.13333325   1,000.00000000      A-5             7.36000%
 21075WKU8      A-6         0.00000000     6.40000000     6.40000000   1,000.00000000      A-6             7.68000%
 21075WKV6      A-7         0.00000000     6.06666674     6.06666674   1,000.00000000      A-7             7.28000%
 21075WKW4      A-8        22.26718868     4.99384901    27.26103770     894.61368763      A-8             6.76125%
 21075WKY0       B          0.00000000     5.83333325     5.83333325   1,000.00000000     A-9IO            6.00000%
             -------------------------------------------------------------------------
               Total       16.08569670     5.32478105    21.41047775     917.23455003       B              7.00000%
--------------------------------------------------------------------------------------------------------------------

                                                                                              LIBOR:       6.48125%
                                                                                                     ---------------
                                                                                      Uncapped A-8 Rate:   6.76125%
                                                                                                     ---------------

             -------------------------------------------------------------------------
                                                                          Ending
                          Principal       Interest        Total          Notional
               Class    Distribution    Distribution   Distribution       Amount
             -------------------------------------------------------------------------
 21075WKX2     A-9IO        0.00000000     1.62162162     1.62162162     324.32432432
--------------------------------------------------------------------------------------
</TABLE>


PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:

                                            Neil Witoff
                                            M & T Corporate Trust Department
                                            One M & T Plaza-7th Floor
                                            Buffalo, NY 14240


<PAGE>

Distribution Period:         25-Jan-00

<TABLE>
<CAPTION>
                                                                         Group I         Group II        Total
                                                                         -------         --------        -----
<S>                                                                      <C>            <C>           <C>
SEC. 7.09 (a) (ii)     Scheduled Principal Received                        515,105.60      69,550.30     584,655.90
                       Prepayments (incl. Curtailments)                  7,338,135.13   3,162,895.73  10,501,030.86
                       Purchased Principal                                       0.00           0.00           0.00
                       Liquidation Proceeds applied to principal           213,641.04     233,726.87     447,367.91
                       Realized Loss of Principal                           16,253.97      74,891.73      91,145.70
                       Realized Loss of Interest                                10.50           0.00          10.50
                       Extra Principal Distribution                      1,417,062.91     (81,560.22)  1,335,502.69
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
<CAPTION>
                                                                         Group I         Group II        Total
                                                                         -------         --------        -----
<S>  <C>                                                               <C>            <C>            <C>
SEC. 7.09 (a) (vi)     Outstanding Loan Balance:                       596,673,963.61 144,334,262.05 741,008,225.66
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                               10.1716%       10.0179%       10.1414%
SEC. 7.09 (a) (xi)     Weighted Average Remaining Term to Maturity                254            351            273
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                      7,220,585.64
                       Targeted Overcollateralization Amount            19,600,000.00
                       Class A Optimal Balance                         681,408,225.66
                       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
                                                                         -------         --------
                       Available Funds Cap                                   8.83433%       8.77651%
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        496,477.89
                       2nd Largest Home Equity Loan Balance Outstanding    438,743.38
                       3rd Largest Home Equity Loan Balance Outstanding    414,495.59

</TABLE>

<PAGE>

Distribution Period:         25-Jan-00


<TABLE>
<CAPTION>
                                       ------------------------------------------------------------------------------------
SEC. 7.09 (b) (i)      Delinquencies(1)    Period         Number        Percentage    Prin. Balance       Percentage
                                       ------------------------------------------------------------------------------------
                        <S>              <C>                     <C>         <C>       <C>                 <C>
                                         30-59 Days              203         2.43318%  12,757,506.97       2.13810%
                           Group I       60-89 Days               66         0.79108%   4,615,032.56       0.77346%
                                          90+ Days               144         1.72600%  10,128,101.10       1.69743%
                       ---------------------------------------------------------------------------------------------
                                         30-59 Days               34         2.51293%   3,008,612.46       2.08448%
                          Group II       60-89 Days               10         0.73910%     905,293.59       0.62722%
                                          90+ Days                56         4.13895%   5,613,684.33       3.88936%
                       ---------------------------------------------------------------------------------------------
                                         30-59 Days              237         2.44431%  15,766,119.43       2.12766%
                            TOTAL        60-89 Days               76         0.78383%   5,520,326.15       0.74498%
                                          90+ Days               200         2.06271%  15,741,785.43       2.12437%
                       ---------------------------------------------------------------------------------------------
                                       Total Group I           8,343       100.00000% 596,673,963.61     100.00000%
                                       -----------------------------------------------------------------------------
                                       Total Group II          1,353       100.00000% 144,334,262.05     100.00000%
                                       -----------------------------------------------------------------------------
                                       Total                   9,696       100.00000% 741,008,225.66     100.00000%
                                       -----------------------------------------------------------------------------
                                       (1) Includes Bankruptcies, Foreclosures and REOs ; Based on each respective Group's
                                           loan count and balance.

<CAPTION>
                                                                         Group I         Group II        Total
                                                                         -------         --------        -----
<S>                                                                      <C>            <C>           <C>
SEC. 7.09 (b) (ii)     Loans in Foreclosure (LIF): Count                           91             42            133
                       Loans in Foreclosure (LIF): Balance               6,854,133.13   4,195,514.44  11,049,647.57
SEC. 7.09(b)(iii)      Loans in Bankruptcy:  Count                                 67             12             79
                       Loans in Bankruptcy:  Balance                     4,407,374.45   1,144,471.18   5,551,845.63
SEC. 7.09 (b)(iv) & (v)REO Properties:  Count                                       4              2              6
                       REO Properties:  Balance                            263,501.61     385,309.07     648,810.68
                       Loans in Loss Mitigation: Count                             32              5             37
                       Loans in Loss Mitigation: Balance                 1,971,430.40     306,401.14   2,277,831.54
                       Loans in Forbearance: Count                                  3              5              8
                       Loans in Forbearance: Balance                       172,102.04     485,446.29     657,548.33
SEC. 7.09 (b) (vi)     Cumulative Realized Losses                           45,187.85     108,241.25     153,429.10
                       Current Period Reimbursed Delinquency and Servicing Advances                            0.00
                       Unreimbursed Delinquency and Servicing Advances                                        10.50
SEC. 7.09 (b) (vii)    Loan Balance of 90+ Day Delinquent Loans         10,128,101.10   5,613,684.33  15,741,785.43
SEC. 7.09 (b) (viii)   Six-Month Rolling Average 90+ Day Delinquency Rate     0.9891%
                       Six-Month Rolling Average Excess Spread                   0.00
                       Cumulative Realized Loss Trigger Event Occurrence           NO
SEC. 7.09 (b) (ix)     Optional Buyout Loans                                        0              0
</TABLE>

                                                                          Page 3

<PAGE>

Distribution Period:         25-Jan-00

<TABLE>
<CAPTION>
<S>                    <C>                                                             <C>            <C>
SEC. 7.08(b)(i)        Amount on Deposit in the Certificate Account                    17,594,763.78

SEC. 7.08(b)(ii) & (iv)                                                                 Amount Due        Amount Paid
                                                                                        ----------        -----------
                         Class A-1 Allocation                                          10,384,832.81  10,384,832.81
                         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                                           4,143,677.73   4,143,677.73
                         Class A-9IO Allocation                                           300,000.00     300,000.00

                                                                                      ------------------------------
                         Class A Distribution Amount                                   17,195,048.87  17,195,048.87
                                                                                      ==============================

                         Class B Allocation                                               233,333.33     233,333.33

SEC. 7.08(b)(iii)      Insured Payment made by the Certificate Insurer                          0.00

<CAPTION>
SEC. 7.08(b)(v)                                         Beginning       Principal         Ending
                                           Class        Balance *      Distribution     Balance *
                                       --------------------------------------------------------------
<S>                                           <C>     <C>                <C>          <C>
                                            A-1       168,390,304.18     9,483,944.68 158,906,359.50
                                            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       139,365,893.20     3,384,612.68 135,981,280.52
                                           A-9IO       60,000,000.00               NA  60,000,000.00
                                             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)          16,264.47      74,891.73      91,156.20
                       Cumulative Realized Losses                           45,187.85     108,241.25     153,429.10

SEC. 7.08(b)(vii)      Six-Month Rolling Average 90+ Day Delinquency Rate   0.989137%
                       Six-Month Rolling Average Excess Spread              0.130864%
</TABLE>


<PAGE>

Distribution Period:         25-Jan-00

                                   REO Status

SEC. 7.09 (b) (v&vi)          Loan Number    Book Value           Status
                              -----------    ----------           ------
                                 8423170     126,359.60       Eviction
                                 8447518      57,103.47       Eviction
                                 8377616      40,038.54       List Pending
                                 9008889      40,000.00       List Pending
                                 8418477     262,119.70       Eviction
                                 7397193     123,189.37       List Pending

                                                                          Page 4


Insurer's Report

Distribution Period:         25-Jan-00


<TABLE>
<CAPTION>
                                                   Group I         Group II         Total

<S>                                             <C>              <C>          <C>
 * Monthly Excess Cashflow Amount               997,273.21       338,229.48   1,335,502.69

 * Premium paid from cash flow (1)               97,616.11        23,796.72     121,412.83

 * Master Servicing Fee paid from cash flow (1)  22,678.39         5,545.32      28,223.71

 * Trustee Fee paid from cash flow (1)            1,667.96           407.85       2,075.81

 * Interest Collected on Mortgage
        Loans (net of Service Fee)            4,874,150.71     1,172,889.17   6,047,039.88

 * Current Period Realized Losses:
             Principal                           16,253.97        74,891.73      91,145.70
             Interest                                10.50             0.00          10.50

    (1) Allocated based upon the related Certificate Balances.
</TABLE>