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Previous: GREEN TREE FLOORPLAN RECIEVABLES MASTER TRUST, 8-K, 2000-11-30 |
Next: GREEN TREE FLOORPLAN RECIEVABLES MASTER TRUST, 8-K, 2000-11-30 |
<PAGE>
Exhibit 99.1
FORM OF MONTHLY STATEMENT
GreenTree Floorplan Receivables Master Trust
Series 1998-2
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1995 (hereinafter as such agreement may have been or may be from time to time
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
Conseco Finance Corporation as servicer (the "Servicer"), Green Tree Floorplan
Funding Corp. as transferor (the "Transferor"), and Norwest Bank Minnesota as
trustee (the "Trustee"), as supplemented by the Series 1998-2 Supplement dated
as of September 1, 1998 (the Supplement") among the Servicer, the Transferor and
the Trustee, as Servicer is required to prepare certain information each month
regarding current distributions to the Series 1998-2 Certificateholders and the
performance of the Green Tree Floorplan Receivables Master Trust (the "Trust")
during the previous month. The information which is required to be prepared with
respect to the performance of the Trust during the month of October 2000 is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Series 1998-2 Certificate (a "Certificate").
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. Capitalized terms used in this Monthly Statement have their
respective meanings set forth in the Pooling and Servicing Agreement and the
Supplement.
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A) Information regarding distribution in respect of the Class A Certificates
per $1,000 original certificate principal amount
(1) The total amount of the distribution in respect of Class A
Certificates, per $1,000 original certificate principal amount 5.75
--------------
(2) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class A Certificates, per $1,000 original certificate
principal amount 5.75
--------------
(3) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the Class A Certificates, per $1,000 original certificate
principal amount 0.00
--------------
B) Class A Investor Charge Offs and Reimbursement of Charge Offs
(1) The amount of Class A Investor Charge Offs 0.00
--------------
(2) The amount of Class A Investor Charge Offs set forth in paragraph 1
above, per $1,000 original certificate principal amount 0.00
--------------
(3) The total amount reimbursed in respect of Class A Investor Charge Offs 0.00
--------------
(4) The amount set forth in paragraph 3 above, per $1,000 original
certificate principal amount 0.00
--------------
(5) The amount, if any, by which the outstanding principal balance
of the Class A Certificates exceeds the Class A Invested Amount
after giving effect to all transactions on such Distribution Date 0.00
--------------
C) Information regarding distributions in respect of the Class B Certificates,
per $1,000 original certificate principal amount
(1) The total amount of the distribution in respect of Class B
Certificates, per $1,000 original certificate principal amount 5.89
--------------
(2) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class B Certificates, per $1,000 original
certificate principal amount 5.89
--------------
(3) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the Class B Certificates, per $1,000 original
certificate principal amount 0.00
--------------
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<PAGE>
<TABLE>
<CAPTION>
<S> <C>
D) Amount of reductions in Class B Invested Amount pursuant to
clauses (c), (d), and (e) of the definition of Class B Invested
Amount
(1) The amount of reductions in Class B Invested Amount pursuant to clauses
(c), (d), and (e) of the definition of Class B Invested Amount 0.00
--------------
(2) The amount of reductions in the Class B Invested Amount set forth
in paragraph 1 above, per $1,000 original certificate principal amount 0.00
--------------
(3) The total amount reimbursed in respect of such reductions in the
Class B Invested Amount 0.00
--------------
(4) The amount set forth in paragraph 3 above, per $1,000 original
certificate principal amount 0.00
--------------
(5) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested Amount
after giving effect to all transactions on such Distribution Date 0.00
--------------
E) Information regarding distributions in respect of the Class C Certificates,
per $1,000 original certificate principal amount
(1) The total amount of the distribution in respect of Class C
Certificates, per $1,000 original certificate principal amount 6.30
--------------
(2) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class C Certificates, per $1,000 original
certificate principal amount 6.30
--------------
(3) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the Class C Certificates, per $1,000 original
certificate principal amount 0.00
--------------
F) Amount of reductions in Class C Invested Amount pursuant to
clauses (c), (d), and (e) of the definition of Class C Invested
Amount
(1) The amount of reductions in Class C Invested Amount pursuant to clauses
(c), (d), and (e) of the definition of Class C Invested Amount 0.00
--------------
(2) The amount of reductions in the Class C Invested Amount set forth
in paragraph 1 above, per $1,000 original certificate principal amount 0.00
--------------
(3) The total amount reimbursed in respect of such reductions in the
Class C Invested Amount 0.00
--------------
(4) The amount set forth in paragraph 3 above, per $1,000 original
certificate principal amount 0.00
--------------
(5) The amount, if any, by which the outstanding principal balance
of the Class C Certificates exceeds the Class C Invested Amount
after giving effect to all transactions on such Distribution Date 0.00
--------------
</TABLE>
Conseco Finance Corporation, as Servicer
By: /s/ Timothy R. Jacobson
-----------------------------------
Name: Timothy R. Jacobson
Title: Vice President and Assistant Treasurer
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<S> <C> <C>
RECEIVABLES ---
Beginning of the Month Principal Receivables: 1,772,485,511.36
Removed Principal Receivables: 0.00
Additional Principal Receivables: 0.00
End of the Month Principal Receivables: 1,687,624,325.87
End of the Month Total Receivables: 1,687,624,325.87
Excess Funding Account Balance $217,677,139.27
Aggregate Invested Amount (all Master Trust Series) 1,671,561,000.00
End of the Month Transferor Amount 22,965,655.85
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
30-60 Days Delinquent 2,097,006.59
61-90 Days Delinquent 1,124,588.80
90+ Days Delinquent 1,714,141.35
Total 30+ Days Delinquent 4,935,736.74
Defaulted Accounts During the Month 475,950.36
INVESTED AMOUNTS ---
Class A Initial Invested Amount 440,000,000.00
Class B Initial Invested Amount 22,500,000.00
Class C Initial Invested Amount 21,250,000.00
Class D Initial Invested Amount 24,921,000.00
INITIAL INVESTED AMOUNT 508,671,000.00
Class A Adjusted Invested Amount 440,000,000.00
Class B Adjusted Invested Amount 22,500,000.00
Class C Adjusted Invested Amount 21,250,000.00
Class D Adjusted Invested Amount 73,084,663.48
ADJUSTED INVESTED AMOUNT 556,834,663.48
MONTHLY SERVICING FEE 931,982.12
INVESTOR DEFAULT AMOUNT 138,678.94
SERIES 1998-2 INFORMATION
SERIES 1998-2 ALLOCATION PERCENTAGE 30.43%
SERIES 1998-2 ALLOCABLE FINANCE CHARGE 4,882,448.21
SERIES 1998-2 UNREIMBURSED CHARGE-OFFS 0.00%
SERIES 1998-2 ALLOCABLE DEFAULTED AMOUNT 144,816.26
SERIES 1998-2 MONTHLY FEES 931,982.12
SERIES 1998-2 ALLOCABLE PRINCIPAL COLLECTIONS 111,194,505.21
SERIES 1998-2 REQUIRED TRANSFEROR AMOUNT 22,273,386.54
FLOATING ALLOCATION PERCENTAGE 29.26%
INVESTOR FINANCE CHARGE COLLECTIONS 4,767,492.03
INVESTOR DEFAULT AMOUNT 138,678.94
PRINCIPAL ALLOCATION PERCENTAGE 29.26%
AVAILABLE PRINCIPAL COLLECTIONS 106,191,685.91
CLASS A FLOATING ALLOCATION 23.02%
CLASS A REQUIRED AMOUNT 0.00
CLASS B FLOATING ALLOCATION 1.18%
CLASS B REQUIRED AMOUNT 0.00
CLASS C FLOATING ALLOCATION 1.11%
CLASS D FLOATING ALLOCATION 3.95%
TOTAL EXCESS SPREAD 1,851,363.69
</TABLE>
<PAGE>
<TABLE>
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<S> <C> <C>
YIELD AND BASE RATE ---
Base Rate (Current Month) 8.38%
Base Rate (Prior Month) 8.38%
Base Rate (Two Months Ago) 8.38%
THREE MONTH AVERAGE BASE RATE 8.38%
Series Adjusted Portfolio Yield (Current Month) 9.95%
Series Adjusted Portfolio Yield (Prior Month) 10.59%
Series Adjusted Portfolio Yield (Two Months Ago) 10.07%
THREE MONTH AVERAGE SERIES ADJUSTED PORTFOLIO 10.20%
YIELD
PRINCIPAL COLLECTIONS ---
CLASS A PRINCIPAL PERCENTAGE 23.02%
Class A Principal Collections 83,910,619.91
CLASS B PRINCIPAL PERCENTAGE 1.18%
Class B Principal Collections 4,290,883.97
CLASS C PRINCIPAL PERCENTAGE 1.11%
Class C Principal Collections 4,052,501.53
CLASS D PRINCIPAL PERCENTAGE 3.95%
Class D Principal Collections 13,937,680.50
AVAILABLE PRINCIPAL COLLECTIONS 106,191,685.91
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1998-2 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $0.00
PRINCIPAL SHARING SERIES
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE FOR OTHER $106,330,364.84
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS ---
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT (OTHER THAN $0.00
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS C INVESTED AMOUNT (OTHER $0.00
THAN BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS D INVESTED AMOUNT (OTHER $0.00
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT REDUCTIONS REIMBURSED $0.00
PREVIOUS CLASS C INVESTED AMOUNT REDUCTIONS REIMBURSED $0.00
PREVIOUS CLASS D INVESTED AMOUNT REDUCTIONS REIMBURSED $0.00
</TABLE>
Conseco Finance Corporation, as Servicer
By: /s/ Timothy R. Jacobson
---------------------------------------
Name: Timothy R. Jacobson
Title: Vice President and Assistant Treasurer
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