<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 15, 1999
CONSECO FINANCE SECURITIZATIONS CORP.
-------------------------------------
Delaware 333-85119-01 41-1807858
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
--------------------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant.
--------------------------------
Not applicable.
Item 2. Acquisition or Disposition of Assets.
------------------------------------
Not applicable.
Item 3. Bankruptcy or Receivership.
-------------------------
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
----------------------------------------------
Not applicable.
Item 5. Other Events.
------------
Not applicable.
Item 6. Resignations of Registrant's Directors.
--------------------------------------
Not applicable.
Item 7. Financial Statements and Exhibits.
---------------------------------
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
2
<PAGE>
(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Computational materials prepared by underwriter,
dated November 15, 1999, in connection with the
$856,000,000 (Approximate) Certificates for Home
Equity Loans, Series 1999-H, issued by Conseco
Finance Securitizations Corp., as Seller, and
Conseco Finance Corp., as Servicer.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSECO FINANCE SECURITIZATIONS CORP.
By: /s/ Phyllis A. Knight
------------------------------------
Phyllis A. Knight
Senior Vice President and Treasurer
3
<PAGE>
INDEX TO EXHIBITS
Exhibit Number
- --------------
99.1 Computational materials prepared by underwriter, dated November 15,
1999, in connection with the $856,000,000 (Approximate) Certificates
for Home Equity Loans, Series 1999-H, to be issued by Conseco
Finance Securitizations Corp., as Seller, and Conseco Finance Corp.,
as Servicer.
4
<PAGE>
[LOGO OF CONSECO]
Banc of America Securities LLC
Credit Suisse First Boston
[LOGO OF Banc of America] [LOGO OF Credit [LOGO OF First
Suisse] Boston]
- --------------------------------------------------------------------------------
RMBS New Issue Term Sheet
Certificates for Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
Conseco Finance Corp.
Servicer
Conseco Finance Securitizations Corp.
Seller
November 15, 1999
- --------------------------------------------------------------------------------
Banc of America Securities LLC Credit Suisse First Boston
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information and Banc of
America Securities LLC and Credit Suisse First Boston (the "Underwriters") are
not soliciting any action based upon it. This material is not to be construed as
an offer to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This material
is based on information that the Underwriters considers reliable, but the
Underwriters do not represent that it is accurate or complete and it should not
be relied upon as such. By accepting this material the recipient agrees that it
will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters makes no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriter and not acting as
agent for the issuer in connection with the proposed transaction.
1
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
Offered Certificates
<TABLE>
<CAPTION>
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- -------------------------
Est. Est. Est. Prin. Est. Prin. Final
Approx. WAL WAL Window Window Scheduled Expected Ratings
Class Size Type (yrs) (yrs) (mos) (mos) Distribution ------------ ------------
Call(1) Maturity Call(1) Maturity Date S&P Fitch
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
Fixed Rate
- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AF-1 178,634,491 SEN/SEQ 0.85 0.85 1 - 19 1 - 19 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
AF-2 129,334,162 SEN/SEQ 2.10 2.10 19 - 34 19 - 34 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
AF-3 39,333,268 SEN/SEQ 3.20 3.20 34 - 45 34 - 45 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
AF-4 51,500,000 SEN/SEQ 4.61 4.99 45 - 63 45 - 96 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
AF-5 38,196,744 SEN/SEQ 5.21 7.05 63 - 63 75 - 96 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
AF-6 51,268,000 SEN/NAS 4.76 5.15 25 - 63 25 - 75 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
A-IO(2) 90,000,000 SEN/IO 1.63 1.63 1 - 20 1 - 20 12/15/29 AAAr AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
MF-1 32,700,000 MEZ 4.46 5.92 38 - 63 38 - 119 12/15/29 AA AA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
MF-2 30,300,000 MEZ 4.45 5.91 37 - 63 37 - 119 12/15/29 A A
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
BF-1 19,400,000 SUB 4.44 5.88 37 - 63 37 - 119 12/15/29 BBB BBB
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
Adjustable Rate
- ---------------
AV-1 205,778,858 SEN/PT 1.77 1.91 1 - 63 1 - 96 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
AV-2 28,854,474 SEN/PT 1.79 2.06 1 - 63 1 - 96 12/15/29 AAA AAA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
MV-1 20,750,000 MEZ 4.44 5.22 44 - 63 44 - 119 12/15/29 AA AA
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
MV-2 17,200,000 MEZ 4.20 4.98 40 - 63 40 - 119 12/15/29 A A
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
BV-1 12,750,000 SUB 4.10 4.47 38 - 63 38 - 119 12/15/29 BBB BBB
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
Non-Offered Certificates
- ------------------------
B-2 30,500,000 SUB 3.91 4.20 37 - 63 37 - 119 12/15/29 BBB- BBB+
- --------------- --------------- ------------- --------- ---------- ---------- ---------- ------------- ------------ ------------
</TABLE>
(1) All Offered Certificates are priced to call. If the Purchase Option,
Auction Sale is not exercised, the Class AF-5 pass-through rate increases
by 0.50%.
(2) Interest will be based on a notional principal amount which will equal
$90,000,000 (or the Class A Principal Balance for such Payment Date if
less) for the first 20 Payment Dates, and will thereafter equal zero.
Pricing Speed
- --------------------------- ----------------------------------------------------
Fixed Rate Mortgage Loans 125% PPC - 100% prepayment assumption assumes a
constant prepayment of 4% in month one increased by
approximately an additional 1.45% each month to 20%
CPR in month twelve, and remaining at 20% CPR
thereafter.
Adjustable Rate Mortgage
Loans 30% CPR
- --------------------------- ----------------------------------------------------
Banc of America Securities LLC and Credit Suisse First Boston will solely offer
the interest-only Class A-IO Certificates which will accrue interest at a
Pass-Through Rate of approximately 7.00% per annum on its notional amount,
initially $90,000,000 (approximate).
Contact: Banc of America Securities LLC
Mortgage Trading/Syndicate (704) 386-7744 (704) 335-5904 (Fax)
Chris Hentemann (email: [email protected])
Alex Cha (email: [email protected])
Mortgage Finance
Shahid Quraishi (704) 388-9399
Bob Perret (704) 388-5934
Kirk Meyers (704) 388-3148
MBS Structuring (704) 388-8511 or (704) 386-7744
Jun Qian (email: [email protected])
Jeff Willoughby (email: [email protected])
2
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
Conseco Series 1999-H (RMBS-HEQ)
Structure 1 - 6-Pack/Tower Structure (Conforming/Non-Conforming AAA ARM)
(Combined BBB-)(AAA IO)
FRM Sizing ARM Sizing
- ---------- ----------
81.38% 78.21%
5.45% 6.92%
5.05% 5.73%
3.23% 4.25%
3.39% 3.39%
1.50% 1.50%
<TABLE>
<CAPTION>
Payment Rules through the Step Down Period (0 to 36)
- ------------------------------------------------------------------------------------------------------------------------------
Fixed Rate Adjustable Rate Adjustable Rate
Loan Group Loan Group 1 Loan Group 2
- ------------ --------------- ---------------
<S> <C> <C> <C> <C> <C>
AF-1 (AAA) AV-1 (AAA) Interest AV-2 (AAA) Interest
AF-2 (AAA) AF-6 (AAA) (NAS) (AFC) (AFC)
AF-3 (AAA) Interest (Conforming) (Non-Conforming)
AF-4 (AAA) AIO (AAA) (10% Notional) MV-1 (AA) (AFC) MV-1 (AA) (AFC)
AF-5 (AAA) MV-2 (A) (AFC) MV-2 (A) (AFC) Interest
MF-1 (AA) BV-1 (BBB) (AFC) BV-1 (BBB) (AFC)
MF-2 (A) Interest
BF-1 (BBB)
B-2 (BBB-) (AFC) B-2 (BBB-) (AFC) B-2 (BBB-) (AFC)
(Limited Guaranty) (Limited Guaranty) (Limited Guaranty)
C (UR) (Notional) C (UR) (Notional) C (UR) (Notional)
</TABLE>
. Rule 1: AAA receives all of the formula principal distribution amount, all
bonds (except Class C) receive interest based on their interest payment
priorities
. Rule 2: Class AF-6 principal is a percentage of its pro rata share based upon
the NAS Lockout Percentage
Payment Rules after the Step Down
Period (37 to the Optional Call)*
-------------------------------------------------
Fixed Rate Adjustable Rate
Loan Group Loan Groups
---------- ---------------
The amount that will make AAA
credit support equal the Step Down
Factor (2x) * initial AAA support %
* current collateral balance.
Interest
AAA Target Support = 2 * initial
AAA support % * current balance
AA Target Support = 2 * initial AA
support % * current balance
A Target Support = 2 * initial A
support % * current balance Interest
BBB Target Support = 2 * initial BBB
support % * current balance
Remaining principal to be distributed
Excess Cashflow after all credit
support rules have been fulfilled
. Rule 3: Principal distributions are based upon Target Credit Support
calculations, all bonds (except Class C) receive interest based on their
interest payment priorities
. Rule 4: If the Purchase Option is not exercised Excess Cashflow is used to
turbo principal to the AF-6, then pro rata to A, then pro rata to M and B
. Rule 5: Excess Cashflow after the fulfillment of all credit tests is released
to Class C
*Payment Rules are subject to the fulfillment of Step Down tests
3
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
SUMMARY OF TERMS
----------------
Seller: Conseco Finance Securitizations Corp.
Servicer: Conseco Finance Corp. ("Conseco")
Trustee: U.S. Bank Trust National Association
Offering: Public; subject to a variance of plus or minus 5.0%.
Underwriters:
(Joint Lead/Joint Books) Banc of America Securities LLC
Credit Suisse First Boston Corporation
Co-Underwriters: Lehman Brothers
Merrill Lynch & Co.
Prudential Securities
Rating Agencies: Standard & Poor's and Fitch IBCA
Statistical
Calculation Date: September 30, 1999
Expected
Cut-off Date: The trust will be entitled to receive all payments
due after September 30, 1999 for all loans other than
the Subsequent Loans. For each Subsequent Loan, the
trust will be entitled to receive all payments due
after the last day of the calendar month in which the
subsequent closing occurs.
Expected Closing Date: November 30, 1999
Expected Pricing Date: Week of November 15, 1999
Registration: The Class A Certificates will be available in
book-entry form through DTC, Euroclear or CEDEL.
Record Date: The business day just before the Payment Date.
Payment Date: The 15th day of each month (or if such 15th day is
not a business day, the next succeeding business day)
commencing on December 15, 1999.
Mortgage Loan
Groups: Fixed Rate Loan Group
Adjustable Rate Loan Group (which for the purposes of
paying principal to the Class AV-1 and AV-2
Certificates will be divided into Adjustable Rate
Loan Group I and Adjustable Rate Loan Group II Loans
in Adjustable Rate Loan Group I will be loans that
are conforming in balance and loans in Adjustable
Rate Loan Group II will be loans that are not
conforming in balance.
Day Count: 30/360 for the fixed rate Certificates and the Class
A-IO Certificates, and Actual/360 for the adjustable
rate Certificates.
Denominations: $50,000 minimum and integral multiples of $1,000 in
excess thereof.
Tax Status: REMIC Election
4
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
ERISA: The Class A Certificates are expected to be ERISA
eligible. Prospective investors that are pension
plans should consult their own counsel with respect
to an investment in the Offered Certificates.
SMMEA: The Offered Certificates will not constitute
"mortgage related securities" for purposes of SMMEA.
Initial Loans: The statistical information presented in this Term
Sheet is with respect to the initial mortgage loans
(the "Initial Loans") only and is based on balances
as of the close of business on September 30, 1999.
The Initial Loans consist primarily of conventional,
fully amortizing and balloon, first, second, and
third lien, fixed and adjustable rate closed end,
one- to four-family residential home equity loans.
The total Initial Loans will consist of 6,354 loans,
with a principal balance of approximately
$451,515,842. The Initial Loans have been divided
into three separate Mortgage Loan Groups. The initial
Fixed Rate Loan Group will consist of 5,036 fixed
rate mortgage loans with a principal balance of
approximately $299,696,412. The initial Adjustable
Rate Loan Group I will consist of 1,252 adjustable
rate, agency conforming balance mortgage loans with a
principal balance of approximately $133,149,151. The
initial Adjustable Rate Loan Group II will consist of
66 non-conforming balance adjustable rate home equity
loans with a principal balance of approximately
$18,670,280.
Additional Collateral: Between the Statistical Calculation Date and the
Expected Closing Date, the Seller expects to deposit
Additional Loans ("Additional Loans") for each of the
Loan Groups. It is expected that the Additional Loans
will have characteristics which are substantially
similar to the Initial Loans of each Group.
Pre-Funding Feature
And Subsequent
Mortgage Loans: On the Closing Date, a portion of the proceeds from
the sale of the Certificates (the "Pre-Funded
Amount") will be deposited with the Trustee in a
segregated account (the "Pre-Funding Account") and
used by the Trust to purchase additional Fixed Rate
and Adjustable Rate Loans during the Pre-Funding
Period (the "Subsequent Loans"). The Pre-Funding
Account is not expected to exceed 25% of the
aggregate original principal balance of the
Certificates as of the Closing Date. The Pre-Funded
Amount will be reduced during the Pre-Funding Period
by the amounts thereof used to fund such purchases.
Any amounts remaining in the Pre-Funding Account
following the Pre-Funding Period will be (i) paid to
the Class AF-1 Certificateholders in the case of
amounts which had been allocated to fund the purchase
of additional Fixed Rate Mortgage Loans, (ii) paid to
the Class AV-1 Certificateholders in the case of
amounts which had been allocated to fund the purchase
of additional Adjustable Rate Loans to be included in
Adjustable Rate Loan Group I, and (iii) paid to the
Class AV-2 Certificateholders in the case of amounts
which had been allocated to fund the purchase of
additional Adjustable Rate Loans to be included in
Adjustable Rate Loan Group II.
Final Mortgage
Loan Groups: Final Mortgage Loan Groups will be based on balances
as of the related Cut-off Date. The collateral
composition of the pools is expected to be similar to
the Initial Mortgage Loan Groups.
Source for Calculation
of One-Month LIBOR: Telerate page 3750.
Servicing Fee Rate: 50 basis points
Distributions: On each Payment Date distributions on the
certificates will be made to the extent of the Amount
Available. The "Amount Available" will generally
consist of payments made on or in respect of the
Loans, and will include amounts otherwise payable to
the Servicer (so long as Conseco is the Servicer) as
the monthly Servicing Fee, amounts otherwise payable
to Conseco as the Guaranty Fee and amounts otherwise
payable to the Class C Certificateholder.
5
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS
----------------------
Interest on the
Class A, M-1, M-2
and B-1 Certificates: On each Payment Date the Amount Available will be
distributable to pay interest as follows:
* first to each class of the Class AF
Certificates (AF-1, AF-2, AF-3, AF-4, AF-5,
AF-6), the Class A-IO Certificates, and each
class of AV Certificates (AV-1 and AV-2)
concurrently,
* then to the Class MF-1 Certificates and MV-1
Certificates, concurrently,
* then to the Class MF-2 Certificates and MV-2
Certificates, concurrently, and
* then to the Class BF-1 Certificates and BV-1
Certificates, concurrently.
Interest will accrue on the outstanding Class AF
principal balance (or in the case of the Class A-IO
Certificates, on the notional principal amount),
Class MF-1 adjusted principal balance, Class MF-2
adjusted principal balance, and the Class BF-1
adjusted principal balance, at the related
pass-through rate calculated on a 30/360 basis.
Interest on the outstanding Class AF principal
balance, Class MF-1 adjusted principal balance, Class
MF-2 adjusted principal balance and Class BF-1
adjusted principal balance, as applicable, will
initially accrue from the Closing Date and thereafter
from the most recent Payment Date on which interest
has been paid, in each case, to but excluding the
following Payment Date.
Interest will accrue on the outstanding Class AV
principal balance, Class MV-1 adjusted principal
balance, Class MV-2 adjusted principal balance, and
Class BV-1 adjusted principal balance, at the related
pass-through rate calculated on an Actual/360 basis.
Interest on the outstanding Class AV principal
balance, Class MV-1 adjusted principal balance, Class
MV-2 adjusted principal balance and Class BV-1
adjusted principal balance, as applicable, will
initially accrue from the Closing Date and thereafter
from the most recent Payment Date on which interest
has been paid, in each case, to but excluding the
following Payment Date.
The adjusted principal balance of any of the Class
M-1, M-2 and B-1 Certificates is the principal
balance less any liquidation loss principal amounts
allocated to the Class.
Class A-IO: Interest will be calculated on the Class A-IO
Certificates on each Payment Date based on the
notional principal amount, which for the first 20
Payment Dates is equal to $90,000,000 (or the Class A
principal balance for such Payment Date, if less),
and thereafter will equal zero. The notional amount
provides a basis for calculating interest payments
only, and does not represent the right to receive any
distributions of principal.
Step-up Coupon: In the event the Purchase Option, Auction Sale is not
exercised, the Class AF-5 pass-through rate will
increase by 0.50%.
Interest Shortfalls
And Carryovers: If the Amount Available on any Payment Date is
insufficient to make the full distributions of
interest to a class of offered certificates (the
Class A, M-1, M-2 and B-1 Certificates being treated
as a single class for this purpose), the Amount
Available remaining after payments with a higher
payment priority are made will be distributed pro
rata among such class. Any interest due but unpaid
from a prior Payment Date will also be due on the
next Payment Date, together with accrued interest
thereon at the applicable pass-through rate to the
extent legally permissible.
AV-1, AV-2, MV-1
MV-2, BV-1 Pass-
Through Rate: The pass-through rate for the Class AV-1, AV-2, MV-1,
MV-2, and BV-1 Certificates will be floating and for
any monthly period will equal the lesser of one-month
LIBOR plus the pass-through margin or the Available
Funds Pass-Through Rate, but in no case more than
14.0%.
6
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
Available Funds
Pass-Through Rate: The "Available Funds Pass-Through Rate" for any
Payment Date will be a rate per annum equal to the
weighted average of the Expense Adjusted Mortgage
Rates on the then outstanding Adjustable Rate
Mortgage Loans. The "Expense Adjusted Mortgage Rate"
on any adjustable rate mortgage loan is equal to the
then applicable loan interest rate thereon, minus the
Servicing Fee, which is 0.50% per annum.
Class B-2
Interest: After payment of all interest and principal due on
the Class A, Class M-1, Class M-2 and Class B-1
Certificates, interest will be paid to the Class B-2
Certificateholders in an amount equal to the product
of (a) the Class B-2 pass-through rate and (b) the
then outstanding Class B-2 principal balance. The
Class B-2 Limited Guaranty will be available to pay
interest to the Class B-2 Certificateholders if the
remaining Amount Available is not sufficient.
Interest on the Class B-2 Certificates will initially
accrue from the Closing Date and thereafter will
accrue from the most recent Payment Date on which
interest has been paid to, in each case, but
excluding the following Payment Date. Interest will
be computed on a 30/360 basis. Interest shortfalls
will be carried forward, and will accrue interest at
the B-2 pass-through rate, to the extent legally
permissible.
7
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
PRINCIPAL DISTRIBUTIONS
-----------------------
On each Payment Date after all interest is distributed to the Class A,
Class M-1, Class M-2, and Class B-1 Certificateholders, the remaining
Amount Available will be distributed to make principal distributions as
follows and in the following order of priority:
i) first, concurrently, to the Class AV-1 Certificates, the Class
AV-1 Principal Distribution Amount, to the Class AV-2
Certificates, the Class AV-2 Principal Distribution Amount and
to the Class AF Certificates then entitled to a principal
distribution, the Class AF Principal Distribution Amount for
such Class;
ii) then, concurrently, to the Class MV-1 Certificates, the Class
MV-1 Principal Distribution Amount and to the Class MF-1
Certificates the Class MF-1 Principal Distribution Amount;
iii) then, concurrently, to the Class MV-2 Certificates, the Class
MV-2 Principal Distribution Amount and to the Class MF-2
Certificates the Class MF-2 Principal Distribution Amount ;
and
iv) then, concurrently, to the Class BV-1 Certificates, the Class
BV-1 Principal Distribution Amount and to the Class BF-1
Certificates the Class BF-1 Principal Distribution Amount.
On each Payment Date, the Class AF Principal Distribution Amount will
be distributed as follows, first to the Class AF-6 Certificates up to
the Class AF-6 Lockout Principal Distribution Amount, then to the Class
AF-1 Certificateholders until the Class AF-1 Certificate Principal
Balance is reduced to zero, then to the Class AF-2 Certificateholders
until the Class AF-2 Certificate Principal Balance has been reduced to
zero, then to the Class AF-3 Certificateholders until the Class AF-3
Certificate Principal Balance has been reduced to zero, then to the
Class AF-4 Certificateholders until the Class AF-4 Certificate
Principal Balance has been reduced to zero, then to the Class AF-5
Certificateholders until the Class AF-5 Certificate Principal Balance
has been reduced to zero and then to the Class AF-6 Certificateholders
until the Class AF-6 Certificate Principal Balance has been reduced to
zero.
If the Amount Available on any Payment Date is insufficient to make
full distributions of principal to a class of certificates (the Class
A, M-1, M-2 and B-1 Certificates being treated as a single class for
this purpose), the Amount Available remaining after payments with a
higher payment priority are made will be distributed pro-rata among
such class.
Group I ARM
Formula Principal
Distribution Amount: On or before the Payment Date in which the Class AV-1
Certificates have been paid in full, will generally
be equal to the lesser of (A) the Class AV-1
Certificate Principal Balance or (B) the sum of the
following: (i) all scheduled payments of principal
due on each Adjustable Rate Loan Group I loan during
the related due period; (ii) all partial principal
prepayments and principal prepayments in full
received on each Adjustable Rate Loan Group I loan
during the related due period; (iii) the scheduled
principal balance of each Adjustable Rate Loan Group
I loan that became a liquidated loan during the
related due period; (iv) the scheduled principal
balance of each Adjustable Rate Loan Group I loan
repurchased by the Seller during the related due
period; and (v) any amount described in clauses (i)
through (iv) above that was not previously
distributed because of an insufficient amount of
funds available if (a) the Payment Date occurs on or
after the Payment Date on which the Class B-2
Principal Balance has been reduced to zero, or (b)
such amount was not covered by a Class B-2 Guaranty
Payment and corresponding reduction in the Class B-2
Principal Balance.
Group II ARM
Formula Principal
Distribution Amount: On each Payment Date, will generally be equal to (A)
the sum of (i) all scheduled payments of principal
due on each outstanding Adjustable Rate Loan during
the related due period, (ii) the scheduled principal
balance of each Adjustable Rate Loan which, during
the related due period, was repurchased by the
Seller, (iii) all partial principal prepayments
applied and all principal prepayments in full
received during such due period in respect of each
Adjustable Rate Loan, (iv) the scheduled principal
balance of each Adjustable Rate Loan that became a
liquidated loan during the related due period and (v)
any amount described in clauses (i) through (iv)
above that was not previously distributed because of
an insufficient amount of funds available if (a) the
Payment Date occurs on or after the Payment Date on
which the Class B-2 Principal Balance has been
reduced to zero, or (b) such amount was not covered
by a Class B-2 Guaranty Payment and corresponding
reduction in the Class B-2 Principal Balance, minus
(B) the Group I ARM Formula Principal.
8
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
Formula Principal
Distribution
Amount: On each Payment Date will generally be equal to (A)
the sum of (i) all scheduled payments of principal
due on each outstanding loan during the related Due
Period, (ii) the scheduled principal balance of each
loan which, during the related due period, was
repurchased by the Seller, (iii) all partial
principal prepayments applied and all principal
prepayments in full received during such due period
in respect of each loan, (iv) the scheduled principal
balance of each loan that became a liquidated loan
during the related Due Period and (v) any amount
described in clauses (i) through (iv) above that was
not previously distributed because of an insufficient
amount of funds available if (a) the Payment Date
occurs on or after the Payment Date on which the
Class B-2 Principal Balance has been reduced to zero,
or (b) such amount was not covered by a Class B-2
Guaranty Payment and corresponding reduction in the
Class B-2 Principal Balance, minus (B) the sum of the
Group I ARM Formula Principal Distribution Amount and
the Group II ARM Formula Principal Distribution
Amount.
Class A Principal
Distribution Amount: With respect to any Payment Date prior to the related
Stepdown Date or as to which a Trigger Event exists,
100% of the Group I ARM Formula Principal, Group II
ARM Formula Principal or Formula Principal
Distribution Amount, as applicable, for such Payment
Date and with respect to any Payment Date on or after
the Stepdown Date and as to which a Trigger Event is
not in effect for the related Group, the excess of
(A) the related Class A Certificate Principal Balance
immediately prior to such Payment Date over (B) the
lesser of (a) 62.76% for the Fixed Rate Mortgage Loan
Group (56.42% for the related Adjustable Rate
Mortgage Loan Group) of the Scheduled Principal
Balance of such Loan Group on the preceding Due Date
or (b) the Scheduled Principal Balance of the
Mortgage Loans in such Group on the preceding Payment
Date less 1.5% of the Scheduled Principal Balance of
the Mortgage Loans in such Group as of the Cut-off
Date.
Class AF-6
Lockout Principal
Distribution Amount: For any Payment Date, is the product of (A) the
product of (i) a fraction, the numerator of which is
the Class AF-6 Certificate Principal Balance and the
denominator of which is the Class AF Certificate
Principal Balance in each case immediately prior to
such Payment Date, (ii) the Formula Principal
Distribution Amount with respect to the Class AF
Certificates for such Payment Date and (B) the
applicable percentage for such Payment Date set forth
in the following table:
Distribution Date Percentage
----------------- ----------
December 1999 - November 2001 0%
December 2001 - November 2003 20%
December 2003 - November 2004 80%
December 2004 - November 2005 100%
December 2005 and thereafter 300%
Class M-1 Principal
Distribution Amount: With respect to any Payment Date on or after the
related Stepdown Date and as long as a Trigger Event
is not in effect for the related Group, the excess of
(i) the sum for such Group of (A) the related Class A
Certificate Principal Balance and (B) the related
Class M-1 Certificate Principal Balance immediately
prior to such Payment Date over (ii) the lesser of
(a) 73.66% for the Fixed Rate Mortgage Loan Group
(70.26% for the Adjustable Rate Mortgage Loan Group)
of the Scheduled Principal Balance of such Mortgage
Loans in the related Group on the preceding Due Date
or (b) the Scheduled Principal Balance of the
Mortgage Loans in such Group on the preceding Payment
Date less 1.5% of the Scheduled Principal Balance of
the Mortgage Loans in such Group as of the Cut-off
Date.
9
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
Class M-2 Principal
Distribution Amount: With respect to any Payment Date on or after the
related Stepdown Date and as long as a Trigger Event
is not in effect for the related Group, the excess of
(i) the sum for such Group of (A) the related Class A
Certificate Principal Balance and (B) the related
Class M-1 Certificate Principal Balance and (C) the
related Class M-2 Certificate Principal Balance
immediately prior to such Payment Date over (ii) the
lesser of (a) 83.76% for the Fixed Rate Mortgage Loan
Group (81.72% for the Adjustable Rate Mortgage Loan
Group) of the Scheduled Principal Balance of such
Mortgage Loans in the related Group on the preceding
Due Date or (b) the Scheduled Principal Balance of
the Mortgage Loans in such Group on the preceding
Payment Date less 1.5% of the Scheduled Principal
Balance of the Mortgage Loans in such Group as of the
Cut-off Date.
Class B-1 Principal
Distribution Amount: With respect to any Payment Date on or after the
related Stepdown Date and as long as a Trigger Event
is not in effect for the related Group, the excess of
(i) the sum for such Group of (A) the related Class A
Certificate Principal Balance and (B) the related
Class M-1 Certificate Principal Balance and (C) the
related Class M-2 Certificate Principal Balance and
(D) the related Class B-1 Certificate Principal
Balance immediately prior to such Payment Date over
(ii) the lesser of (a) 90.22% for the Fixed Rate
Mortgage Loan Group (90.22% for the Adjustable Rate
Mortgage Loan Group) of the Scheduled Principal
Balance of such Mortgage Loans in the related Group
on the preceding Due Date or the Scheduled Principal
Balance of the Mortgage Loans in such Group on the
preceding Payment date less 1.5% of the Scheduled
Principal Balance of the Mortgage Loans in such Group
as of the Cut-off Date.
Class B-2
Principal: Class B-2 Certificateholders will receive the
remaining portion of the Formula Principal
Distribution Amount until the Class B-2 principal
balance is equal to zero except that on any Payment
Date on and after which the Purchase Option becomes
exercisable, the amount distributable to the Class
B-2 Certtificateholders in respect of principal will
be the excess of (i) the sum of (A) the Class A
Certificate Principal Balance, (B) the Class M-1
Certificate Principal Balance, (C) the Class M-2
Certificate Principal Balance, (D) the Class B-1
Certificate Principal Balance and (E) the Class B-2
Certificate Principal Balance over (ii) the lesser of
97.00% of the Scheduled Principal Balance of all the
outstanding Mortgage Loans on the preceding Due date
minus the Initial Overcollateralization Amount .
Class B-2 Limited
Guaranty: The Class B-2 Limited Guaranty will be available to
pay the Class B-2 Liquidation Loss Principal Amount
and the Class B-2 Distribution Amount. The Class B-2
Limited Guaranty will be an unsecured general
obligation of the Conseco.
Stepdown Date: With respect to each Mortgage Loan Group, is the
earlier to occur of (i) the later to occur of (A) the
Payment Date in December, 2002 and (B) the first
Payment Date on which (I) the Class A Certificate
Principal balance of such Group is less than or equal
to (II) 62.76% for the Fixed Rate Mortgage Loan Group
(56.42% for the Adjustable Rate Mortgage Loan Group)
of the Scheduled Principal Balances of the Mortgage
Loans in such Group and (ii) the Payment Date on
which the Certificate Principal Balance of the
related Class A Certificates has been reduced to
zero.
Initial
Overcollateralization: The sum of the aggregate cut-off date principal
balance of the loans included in the trust as of the
Closing Date plus the amount on deposit in the
Pre-Funding Account on the Closing Date will exceed
the aggregate principal balance of the Certificates
on the Closing Date by approximately $13,500,000
which represents approximately 1.5% of the aggregate
cut-off date principal balance of the loans included
in the trust as of the Closing Date plus the amount
on deposit in the Pre-Funding Account on the Closing
Date.
10
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
Credit Support Fixed Rate
Percentage: Initial Credit Support After Stepdown Date
---------------------- -------------------
Rating Percent Rating Percent
------ ------- ------- -------
AAA 18.62% AAA 37.24%
AA 13.17% AA 26.34%
A 8.12% A 16.24%
BBB 4.89% BBB 9.78%
BBB- 1.50% BBB- 3.00%
Adjustable Rate
Initial Credit Support After Stepdown Date
---------------------- -------------------
Rating Percent Rating Percent
------ ------- ------- -------
AAA 21.79% AAA 43.58%
AA 14.87% AA 29.74%
A 9.14% A 18.28%
BBB 4.89% BBB 9.78%
BBB- 1.50% BBB- 3.00%
Losses on Liquidated
Loans: If net liquidation proceeds from liquidated loans in
the respective collection period are less than the
scheduled principal balance of such liquidated loans
plus accrued and unpaid interest thereon, the
deficiency (a "Liquidation Loss Amount") will be
absorbed by the Class C Certificateholder, then the
Guaranty Fee otherwise payable to the Servicer, then
the Servicing Fee otherwise payable to the Servicer
(as long as Green Tree is the Servicer), then the
Class B-2 Certificateholders, then the Class B-1
Certificateholders, then the Class M-2
Certificateholders and then the Class M-1
Certificateholders.
Trigger Event: A Trigger Event is in effect if:
(1) The three month rolling average of the 60 plus
day delinquencies exceeds 35% of the senior
enhancement percentage. The senior enhancement
percentage on any Payment Date is equal to the
sum of the related Class M-1, M-2, B-1, B-2 and
overcollaterization amount on that Payment Date
for the relarted Loan Groups over the related
Pool Scheduled Principal Balance; and
(2) The cumulative loss test exceeds:
Fixed Rate Adjustable Rate
Month Percentage Month Percentage
37 - 48 3.80% 37 - 48 4.40%
49 - 60 4.51% 49 - 60 5.23%
61 - 84 4.75% 61 - 84 5.50%
85 and thereafter 5.25% 85 and thereafter 6.00%
Purchase Option;
Auction Sale: Beginning on the Payment Date when the scheduled
principal balance of the loans is less than 20% of
the Cut-off Date principal balance of the loans the
holder of the Class C Certificates will have the
right to repurchase all of the outstanding loans, at
a price sufficient to pay the aggregate unpaid
principal balance of the certificates and all accrued
and unpaid interest thereon.
11
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
If the holder of the Class C Certificates does not
exercise this Purchase Option, then on the next
Payment Date the Trustee will begin an auction
process to sell the loans and the other trust assets,
but the Trustee cannot sell the trust assets and
liquidate the trust unless the proceeds of that sale
are sufficient to pay the aggregate unpaid principal
balance of the certificates and all accrued and
unpaid interest thereon. If the first auction of the
trust property is not successful because the highest
bid received is too low, then the Trustee will
conduct an auction of the loans every third month
thereafter, unless and until an acceptable bid is
received for the trust property.
If the Purchase Option is not exercised by the holder
of the Class C Certificates, excess cashflow after
all payments of interest and principal due on all
certificates are made will be used to paydown
principal as follows:
(i) first, to reduce the Class AF-6 Certificates
Principal Balance until reduced to zero,
(ii) next, to the remaining Class AF Certificates
and Class AV Certificates, pro-rata until
the related Certificate Principal Balances
are reduced to zero,
(iii) next, to the remaining Class M-1
Certificates, Class M-2 Certificates, Class
B-1 Certificates, and the Class B-2
Certificates, pro-rata based on the
outstanding principal balance, until the
related certificate principal balances are
reduced to zero.
12
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
Fixed Rate Loan Group
Summary
<TABLE>
<CAPTION>
Total Minimum Maximum
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $299,696,411.60
Number of Loans 5,036
Average Original Loan Balance $59,701.86 $5,000.00 $420,000.00
Average Current Loan Balance $59,510.80 $4,640.81 $420,000.00
Weighted Average Combined LTV 89.51% 9.52% 100.00%
Weighted Average Gross Coupon 12.09% 7.13% 20.85%
Weighted Average Remaining Term to Maturity (months) 243 19 360
Weighted Average Original Term (months) 244 48 360
Weighted Average FICO Credit Score 622
Weighted Average Debt to Income Ratio 41.57%
-----------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
<CAPTION>
Percent of Statistical Calculation
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Mortgage Loans 71.67%
Balloon Mortgage Loans 28.33%
Lien Position First 79.77%
Property Type Single Family 92.12%
Manufactured 4.48%
Farmland 1.38%
Rural Manufactured 0.98%
Condominium 0.56%
Occupancy Status Primary 98.42%
Renter 1.56%
Geographic Distribution California 8.74%
Ohio 6.21%
Michigan 5.89%
Florida 5.40%
Texas 4.61%
Other 69.14%
Largest Zip Code Concentration 19720 0.21%
Credit Grade A-1 57.20%
A-2 17.96%
B 18.98%
C 5.06%
D 0.80%
Delinquency 0 - 29 Days 100.00%
30 - 59 Days 0.00%
-----------------------------------------------------------------------------------------
</TABLE>
13
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GEOGRAPHIC DISTRIBUTION - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
State or Territory Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
California 364 $26,205,634.20 8.74%
- --------------------------------------------------------------------------------------------------------------
Ohio 337 18,615,731.61 6.21
- --------------------------------------------------------------------------------------------------------------
Michigan 286 17,659,004.09 5.89
- --------------------------------------------------------------------------------------------------------------
Florida 268 16,184,316.34 5.40
- --------------------------------------------------------------------------------------------------------------
Other* 3,781 221,031,725.36 73.75
- --------------------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
*No one State in this category constitutes more than 5% of the Initial Fixed
Rate Mortgage Loan Group Outstanding Principal Balance.
================================================================================
YEAR OF ORIGINATION - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Year of as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Origination Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1994 2 $61,615.89 0.02%
- ------------------------------------------------------------------------------------------------------
1995 13 616,815.54 0.21
- ------------------------------------------------------------------------------------------------------
1996 38 1,696,641.51 0.57
- ------------------------------------------------------------------------------------------------------
1997 89 4,433,992.15 1.48
- ------------------------------------------------------------------------------------------------------
1998 29 1,752,075.38 0.58
- ------------------------------------------------------------------------------------------------------
1999 4,865 291,135,271.13 97.14
- ------------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
14
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
ORIGINAL LOAN AMOUNT DISTRIBUTION - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Original Loan Amount Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than $ 10,000 12 $96,482.17 0.03%
- --------------------------------------------------------------------------------------------------------------
$ 10,000 to $ 19,999 788 11,383,268.57 3.80
- --------------------------------------------------------------------------------------------------------------
$ 20,000 to $ 29,999 749 18,174,546.15 6.06
- --------------------------------------------------------------------------------------------------------------
$ 30,000 to $ 39,999 577 19,887,928.88 6.64
- --------------------------------------------------------------------------------------------------------------
$ 40,000 to $ 49,999 539 24,021,128.01 8.02
- --------------------------------------------------------------------------------------------------------------
$ 50,000 to $ 59,999 428 23,294,273.28 7.77
- --------------------------------------------------------------------------------------------------------------
$ 60,000 to $ 69,999 385 24,876,421.41 8.30
- --------------------------------------------------------------------------------------------------------------
$ 70,000 to $ 79,999 340 25,316,641.53 8.45
- --------------------------------------------------------------------------------------------------------------
$ 80,000 to $ 89,999 243 20,399,019.19 6.81
- --------------------------------------------------------------------------------------------------------------
$ 90,000 to $ 99,999 201 18,907,034.32 6.31
- --------------------------------------------------------------------------------------------------------------
$100,000 to $109,999 174 18,218,992.58 6.08
- --------------------------------------------------------------------------------------------------------------
$110,000 to $119,999 116 13,283,157.84 4.43
- --------------------------------------------------------------------------------------------------------------
$120,000 to $129,999 91 11,274,505.72 3.76
- --------------------------------------------------------------------------------------------------------------
$130,000 to $139,999 77 10,361,543.35 3.46
- --------------------------------------------------------------------------------------------------------------
$140,000 to $149,999 69 9,980,975.44 3.33
- --------------------------------------------------------------------------------------------------------------
$150,000 to $159,999 46 7,074,743.10 2.36
- --------------------------------------------------------------------------------------------------------------
$160,000 to $169,999 36 5,919,590.52 1.98
- --------------------------------------------------------------------------------------------------------------
$170,000 to $179,999 18 3,137,291.19 1.05
- --------------------------------------------------------------------------------------------------------------
$180,000 to $189,999 26 4,773,941.43 1.59
- --------------------------------------------------------------------------------------------------------------
$190,000 to $199,999 23 4,458,876.49 1.49
- --------------------------------------------------------------------------------------------------------------
$200,000 to $249,999 56 12,297,221.38 4.10
- --------------------------------------------------------------------------------------------------------------
$250,000 to $299,999 22 5,835,082.86 1.95
- --------------------------------------------------------------------------------------------------------------
Over $300,000 20 6,723,746.19 2.24
- --------------------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
15
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
INTEREST RATE DISTRIBUTION - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of Mortgage as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Loan Interest Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than 9.001% 63 $5,556,896.00 1.85%
- ---------------------------------------------------------------------------------------------------------------
9.001% to 10.000% 264 27,507,987.12 9.18
- ---------------------------------------------------------------------------------------------------------------
10.001% to 11.000% 608 55,795,561.72 18.62
- ---------------------------------------------------------------------------------------------------------------
11.001% to 12.000% 971 76,929,305.33 25.67
- ---------------------------------------------------------------------------------------------------------------
12.001% to 13.000% 963 58,524,612.49 19.53
- ---------------------------------------------------------------------------------------------------------------
13.001% to 14.000% 1,008 38,777,233.15 12.94
- ---------------------------------------------------------------------------------------------------------------
14.001% to 15.000% 683 23,048,729.52 7.69
- ---------------------------------------------------------------------------------------------------------------
15.001% to 16.000% 247 7,829,692.43 2.61
- ---------------------------------------------------------------------------------------------------------------
16.001% to 17.000% 131 3,569,609.51 1.19
- ---------------------------------------------------------------------------------------------------------------
Over 17.000% 98 2,156,784.33 0.72
- ---------------------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
================================================================================
REMAINING MONTHS TO MATURITY - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of Remaining as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Months to Maturity Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0 to 30 5 $113,547.46 0.04%
- ------------------------------------------------------------------------------------------------------------
31 to 60 75 1,609,813.58 0.54
- ------------------------------------------------------------------------------------------------------------
61 to 90 67 2,023,481.69 0.68
- ------------------------------------------------------------------------------------------------------------
91 to 120 346 9,847,736.22 3.29
- ------------------------------------------------------------------------------------------------------------
121 to 150 53 2,835,048.03 0.95
- ------------------------------------------------------------------------------------------------------------
151 to 180 1,577 88,020,824.54 29.37
- ------------------------------------------------------------------------------------------------------------
181 to 210 14 879,268.10 0.29
- ------------------------------------------------------------------------------------------------------------
211 to 240 1,740 101,973,585.85 34.03
- ------------------------------------------------------------------------------------------------------------
271 to 300 629 42,060,374.06 14.03
- ------------------------------------------------------------------------------------------------------------
301 to 330 2 112,540.94 0.04
- ------------------------------------------------------------------------------------------------------------
331 to 360 528 50,220,191.13 16.76
- ------------------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
16
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
LIEN POSITION - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Lien Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
First 2,958 $239,071,882.88 79.77%
- ----------------------------------------------------------------------------------------------------
Second 2,041 59,792,180.86 19.95
- ----------------------------------------------------------------------------------------------------
Third 37 832,347.86 0.28
- ----------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
================================================================================
COMBINED LOAN-TO-VALUE RATIO - FIXED RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of Combined as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Loan-to-Value Ratios Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0.00% to 10.00% 1 $30,000.00 0.01%
- --------------------------------------------------------------------------------------------------------------
10.01% to 20.00% 16 277,779.77 0.09
- --------------------------------------------------------------------------------------------------------------
20.01% to 30.00% 20 632,815.51 0.21
- --------------------------------------------------------------------------------------------------------------
30.01% to 40.00% 46 1,399,041.08 0.47
- --------------------------------------------------------------------------------------------------------------
40.01% to 50.00% 49 1,728,142.05 0.58
- --------------------------------------------------------------------------------------------------------------
50.01% to 60.00% 82 3,712,080.31 1.24
- --------------------------------------------------------------------------------------------------------------
60.01% to 70.00% 193 8,778,156.55 2.93
- --------------------------------------------------------------------------------------------------------------
70.01% to 80.00% 614 33,230,294.40 11.09
- --------------------------------------------------------------------------------------------------------------
80.01% to 90.00% 1,392 83,372,963.25 27.82
- --------------------------------------------------------------------------------------------------------------
90.01% to 100.00% 2,623 166,535,138.68 55.57
- --------------------------------------------------------------------------------------------------------------
Total 5,036 $299,696,411.60 100.00%
</TABLE>
17
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
Adjustable Rate Loan Group
<TABLE>
<CAPTION>
Summary
Total Minimum Maximum
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $151,819,430.75
Number of Loans 1,318
Average Original Loan Balance $115,268.64 $12,750.00 $387,600.00
Average Current Loan Balance $115,189.25 $12,694.56 $387,600.00
Weighted Average Combined LTV 87.70% 33.33% 100.00%
Weighted Average Gross Coupon 9.85% 6.99% 13.75%
Weighted Average Remaining Term to Maturity (months) 359 179 360
Weighted Average Original Term (months) 360 360 360
Weighted Average Gross Margin 6.471% 3.850% 10.750%
Weighted Average Maximum Rate 13.035% 9.300% 22.500%
Weighted Average Periodic Cap 1.056% 1.000% 7.000%
Weighted Average FICO Credit Score 605
Weighted Average Debt to Income Ratio 40.66%
-----------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Percent of Statistical Calculation
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Loans 100.00%
Product Type 2/28 LIBOR 96.51%
3/27 LIBOR 3.49%
Lien Position First 100.00%
Property Type Single Family 98.50%
Condominium 0.61%
Manufactured 0.51%
Townhouse 0.16%
Occupancy Status Primary 100.00%
Geographic Distribution California 10.04%
Ohio 8.08%
Washington 6.43%
Michigan 6.16%
Colorado 5.78%
Other 63.50%
Largest Zip Code Concentration 20744 0.59%
Credit Grade A-1 47.90%
A-2 26.14%
B 20.82%
C 4.55%
D 0.59%
Delinquency 0 - 29 Days 100.00%
30 - 59 Days 0.00%
--------------------------------------------------------------------------------------------
</TABLE>
18
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GEOGRAPHIC DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
State or Territory Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
California 82 $15,246,778.24 10.04%
- -------------------------------------------------------------------------------------------------------------
Ohio 126 12,269,094.45 8.08
- -------------------------------------------------------------------------------------------------------------
Washington 71 9,760,079.22 6.43
- -------------------------------------------------------------------------------------------------------------
Michigan 93 9,355,030.62 6.16
- -------------------------------------------------------------------------------------------------------------
Colorado 64 8,779,925.12 5.78
- -------------------------------------------------------------------------------------------------------------
Other* 882 96,408,523.10 63.50
- -------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
*No one State in this category constitutes more than 5% of the Initial Fixed
Rate Mortgage Loan Group Outstanding Principal Balance.
================================================================================
YEAR OF ORIGINATION - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Year of Origination Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1997 1 $70,125.95 0.05%
- -------------------------------------------------------------------------------------------------------------
1998 47 4,657,642.49 3.07
- -------------------------------------------------------------------------------------------------------------
1999 1,270 147,091,662.31 96.89
- -------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
19
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
ORIGINAL LOAN AMOUNT DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Original Loan Amount Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$ 10,000 to $ 19,999 2 $27,694.56 0.02%
- -------------------------------------------------------------------------------------------------------------------
$ 20,000 to $ 29,999 7 173,496.95 0.11
- -------------------------------------------------------------------------------------------------------------------
$ 30,000 to $ 39,999 18 634,523.81 0.42
- -------------------------------------------------------------------------------------------------------------------
$ 40,000 to $ 49,999 63 2,798,683.31 1.84
- -------------------------------------------------------------------------------------------------------------------
$ 50,000 to $ 59,999 97 5,401,386.57 3.56
- -------------------------------------------------------------------------------------------------------------------
$ 60,000 to $ 69,999 123 7,986,937.99 5.26
- -------------------------------------------------------------------------------------------------------------------
$ 70,000 to $ 79,999 123 9,185,084.53 6.05
- -------------------------------------------------------------------------------------------------------------------
$ 80,000 to $ 89,999 117 9,858,142.77 6.49
- -------------------------------------------------------------------------------------------------------------------
$ 90,000 to $ 99,999 98 9,319,023.15 6.14
- -------------------------------------------------------------------------------------------------------------------
$100,000 to $109,999 87 9,109,514.28 6.00
- -------------------------------------------------------------------------------------------------------------------
$110,000 to $119,999 88 10,136,189.89 6.68
- -------------------------------------------------------------------------------------------------------------------
$120,000 to $129,999 77 9,556,682.76 6.29
- -------------------------------------------------------------------------------------------------------------------
$130,000 to $139,999 55 7,421,801.71 4.89
- -------------------------------------------------------------------------------------------------------------------
$140,000 to $149,999 65 9,381,500.49 6.18
- -------------------------------------------------------------------------------------------------------------------
$150,000 to $159,999 60 9,279,525.23 6.11
- -------------------------------------------------------------------------------------------------------------------
$160,000 to $169,999 43 7,086,982.07 4.67
- -------------------------------------------------------------------------------------------------------------------
$170,000 to $179,999 26 4,510,433.73 2.97
- -------------------------------------------------------------------------------------------------------------------
$180,000 to $189,999 20 3,677,705.65 2.42
- -------------------------------------------------------------------------------------------------------------------
$190,000 to $199,999 26 5,083,914.75 3.35
- -------------------------------------------------------------------------------------------------------------------
$200,000 to $249,999 67 14,972,067.22 9.86
- -------------------------------------------------------------------------------------------------------------------
$250,000 to $299,999 41 11,229,250.50 7.40
- -------------------------------------------------------------------------------------------------------------------
Over $300,000 15 4,988,888.83 3.29
- -------------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
20
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
INTEREST RATE DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of Mortgage as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Loan Interest Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than 9.001% 217 $28,328,353.32 18.66%
- ---------------------------------------------------------------------------------------------------------------
9.001% to 10.000% 578 69,325,647.64 45.66
- ---------------------------------------------------------------------------------------------------------------
10.001% to 11.000% 391 42,551,137.06 28.03
- ---------------------------------------------------------------------------------------------------------------
11.001% to 12.000% 113 10,310,560.97 6.79
- ---------------------------------------------------------------------------------------------------------------
12.001% to 13.000% 16 1,146,198.67 0.75
- ---------------------------------------------------------------------------------------------------------------
13.001% to 14.000% 3 157,533.09 0.10
- ---------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
================================================================================
REMAINING MONTHS TO MATURITY - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of Remaining as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Months to Maturity Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
151 to 180 1 $133,444.01 0.09%
- -------------------------------------------------------------------------------------------------------------
331 to 360 1,317 151,685,986.74 99.91
- -------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
21
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
LIEN POSITION - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Lien Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
First 1,318 $151,819,430.75 100.00%
- -------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
================================================================================
COMBINED LOAN-TO-VALUE RATIO - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of Combined as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Loan-to-Value Ratios Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
30.01% to 40.00% 2 $89,459.22 0.06%
- ---------------------------------------------------------------------------------------------------------------
40.01% to 50.00% 11 726,899.56 0.48
- ---------------------------------------------------------------------------------------------------------------
50.01% to 60.00% 12 1,317,266.97 0.87
- ---------------------------------------------------------------------------------------------------------------
60.01% to 70.00% 32 2,635,001.81 1.74
- ---------------------------------------------------------------------------------------------------------------
70.01% to 80.00% 244 25,586,930.09 16.85
- ---------------------------------------------------------------------------------------------------------------
80.01% to 90.00% 698 80,460,071.96 53.00
- ---------------------------------------------------------------------------------------------------------------
90.01% to 100.00% 319 41,003,801.14 27.01
- ---------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
22
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GROSS MARGIN - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Gross Margin Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3.750% to 3.999% 2 $257,646.74 0.17%
- --------------------------------------------------------------------------------------------------------------
4.000% to 4.249% 4 455,088.62 0.30
- --------------------------------------------------------------------------------------------------------------
4.500% to 4.749% 7 741,964.88 0.49
- --------------------------------------------------------------------------------------------------------------
4.750% to 4.999% 10 1,086,108.22 0.72
- --------------------------------------------------------------------------------------------------------------
5.000% to 5.249% 20 1,951,029.76 1.29
- --------------------------------------------------------------------------------------------------------------
5.250% to 5.499% 28 3,099,919.03 2.04
- --------------------------------------------------------------------------------------------------------------
5.500% to 5.749% 120 14,822,658.76 9.76
- --------------------------------------------------------------------------------------------------------------
5.750% to 5.999% 190 20,459,834.93 13.48
- --------------------------------------------------------------------------------------------------------------
6.000% to 6.249% 179 22,450,521.12 14.79
- --------------------------------------------------------------------------------------------------------------
6.250% to 6.499% 136 16,591,528.85 10.93
- --------------------------------------------------------------------------------------------------------------
6.500% to 6.749% 118 13,350,932.29 8.79
- --------------------------------------------------------------------------------------------------------------
6.750% to 6.999% 168 21,836,260.67 14.38
- --------------------------------------------------------------------------------------------------------------
7.000% to 7.249% 93 10,281,539.94 6.77
- --------------------------------------------------------------------------------------------------------------
7.250% to 7.499% 81 8,217,102.78 5.41
- --------------------------------------------------------------------------------------------------------------
7.500% to 7.749% 58 6,199,348.37 4.08
- --------------------------------------------------------------------------------------------------------------
7.750% to 7.999% 37 4,010,295.48 2.64
- --------------------------------------------------------------------------------------------------------------
8.000% to 8.249% 25 2,269,033.49 1.49
- --------------------------------------------------------------------------------------------------------------
8.250% to 8.499% 15 1,487,388.44 0.98
- --------------------------------------------------------------------------------------------------------------
8.500% to 8.749% 11 952,583.26 0.63
- --------------------------------------------------------------------------------------------------------------
8.750% to 8.999% 4 414,933.43 0.27
- --------------------------------------------------------------------------------------------------------------
9.000% to 9.249% 5 299,367.89 0.20
- --------------------------------------------------------------------------------------------------------------
9.250% to 9.499% 3 198,919.22 0.13
- --------------------------------------------------------------------------------------------------------------
9.500% to 9.749% 1 70,179.87 0.05
- --------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 1 100,744.71 0.07
- --------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 1 164,000.00 0.11
- --------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 1 50,500.00 0.03
- --------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
23
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MONTH OF NEXT RATE ADJUSTMENT - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Month of Next as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Rate Adjustment Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
December 1999 1 $70,125.95 0.05%
- -----------------------------------------------------------------------------------------------------------
March 2000 1 62,467.05 0.04
- -----------------------------------------------------------------------------------------------------------
May 2000 2 425,236.00 0.28
- -----------------------------------------------------------------------------------------------------------
June 2000 3 336,189.00 0.22
- -----------------------------------------------------------------------------------------------------------
July 2000 8 632,155.34 0.42
- -----------------------------------------------------------------------------------------------------------
August 2000 2 127,119.49 0.08
- -----------------------------------------------------------------------------------------------------------
September 2000 4 254,511.28 0.17
- -----------------------------------------------------------------------------------------------------------
October 2000 4 249,048.52 0.16
- -----------------------------------------------------------------------------------------------------------
November 2000 5 492,221.85 0.32
- -----------------------------------------------------------------------------------------------------------
December 2000 10 1,296,369.42 0.85
- -----------------------------------------------------------------------------------------------------------
January 2001 2 121,071.00 0.08
- -----------------------------------------------------------------------------------------------------------
February 2001 3 296,929.21 0.20
- -----------------------------------------------------------------------------------------------------------
March 2001 7 871,099.98 0.57
- -----------------------------------------------------------------------------------------------------------
April 2001 10 1,246,169.34 0.82
- -----------------------------------------------------------------------------------------------------------
May 2001 15 1,578,741.92 1.04
- -----------------------------------------------------------------------------------------------------------
June 2001 73 7,279,159.03 4.79
- -----------------------------------------------------------------------------------------------------------
July 2001 187 22,040,092.14 14.52
- -----------------------------------------------------------------------------------------------------------
August 2001 321 37,643,756.40 24.80
- -----------------------------------------------------------------------------------------------------------
September 2001 425 50,827,325.24 33.48
- -----------------------------------------------------------------------------------------------------------
October 2001 185 20,374,132.00 13.42
- -----------------------------------------------------------------------------------------------------------
November 2001 3 382,173.29 0.25
- -----------------------------------------------------------------------------------------------------------
December 2001 1 173,750.84 0.11
- -----------------------------------------------------------------------------------------------------------
January 2002 2 230,872.67 0.15
- -----------------------------------------------------------------------------------------------------------
February 2002 1 51,779.41 0.03
- -----------------------------------------------------------------------------------------------------------
April 2002 1 161,496.66 0.11
- -----------------------------------------------------------------------------------------------------------
May 2002 1 98,822.60 0.07
- -----------------------------------------------------------------------------------------------------------
June 2002 2 231,188.30 0.15
- -----------------------------------------------------------------------------------------------------------
July 2002 1 36,521.66 0.02
- -----------------------------------------------------------------------------------------------------------
August 2002 4 477,433.16 0.31
- -----------------------------------------------------------------------------------------------------------
September 2002 23 2,612,232.00 1.72
- -----------------------------------------------------------------------------------------------------------
October 2002 11 1,139,240.00 0.75
- -----------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
24
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MAXIMUM RATE - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Maximum Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
9.250% to 9.499% 1 $237,643.20 0.16%
- --------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 1 83,700.00 0.06
- --------------------------------------------------------------------------------------------------------------
10.000% to 10.249% 3 170,016.54 0.11
- --------------------------------------------------------------------------------------------------------------
10.250% to 10.499% 5 580,505.08 0.38
- --------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 2 164,279.41 0.11
- --------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 24 3,207,108.78 2.11
- --------------------------------------------------------------------------------------------------------------
11.000% to 11.249% 7 850,427.30 0.56
- --------------------------------------------------------------------------------------------------------------
11.250% to 11.499% 11 1,773,273.39 1.17
- --------------------------------------------------------------------------------------------------------------
11.500% to 11.749% 41 4,805,761.54 3.17
- --------------------------------------------------------------------------------------------------------------
11.750% to 11.999% 115 15,035,416.77 9.90
- --------------------------------------------------------------------------------------------------------------
12.000% to 12.249% 54 6,652,321.49 4.38
- --------------------------------------------------------------------------------------------------------------
12.250% to 12.499% 118 15,127,711.89 9.96
- --------------------------------------------------------------------------------------------------------------
12.500% to 12.749% 131 14,387,992.23 9.48
- --------------------------------------------------------------------------------------------------------------
12.750% to 12.999% 238 27,790,466.26 18.30
- --------------------------------------------------------------------------------------------------------------
13.000% to 13.249% 74 8,231,786.91 5.42
- --------------------------------------------------------------------------------------------------------------
13.250% to 13.499% 118 12,607,944.02 8.30
- --------------------------------------------------------------------------------------------------------------
13.500% to 13.749% 81 9,103,782.92 6.00
- --------------------------------------------------------------------------------------------------------------
13.750% to 13.999% 87 9,095,907.64 5.99
- --------------------------------------------------------------------------------------------------------------
14.000% to 14.249% 39 4,185,865.92 2.76
- --------------------------------------------------------------------------------------------------------------
14.250% to 14.499% 31 2,352,847.80 1.55
- --------------------------------------------------------------------------------------------------------------
14.500% to 14.749% 27 2,606,018.00 1.72
- --------------------------------------------------------------------------------------------------------------
14.750% to 14.999% 22 2,681,001.30 1.77
- --------------------------------------------------------------------------------------------------------------
15.000% to 15.249% 9 826,854.29 0.54
- --------------------------------------------------------------------------------------------------------------
15.250% to 15.499% 16 1,840,203.52 1.21
- --------------------------------------------------------------------------------------------------------------
15.500% to 15.749% 6 710,760.77 0.47
- --------------------------------------------------------------------------------------------------------------
15.750% to 15.999% 11 1,439,544.01 0.95
- --------------------------------------------------------------------------------------------------------------
16.000% to 16.249% 2 449,800.00 0.30
- --------------------------------------------------------------------------------------------------------------
16.250% to 16.499% 10 1,076,798.88 0.71
- --------------------------------------------------------------------------------------------------------------
16.500% to 16.749% 9 1,215,123.30 0.80
- --------------------------------------------------------------------------------------------------------------
16.750% to 16.999% 11 1,216,841.86 0.80
- --------------------------------------------------------------------------------------------------------------
17.000% to 17.249% 5 592,806.94 0.39
- --------------------------------------------------------------------------------------------------------------
17.250% to 17.499% 3 374,200.00 0.25
- --------------------------------------------------------------------------------------------------------------
17.500% to 17.749% 1 41,850.00 0.03
- --------------------------------------------------------------------------------------------------------------
17.750% to 17.999% 1 76,500.00 0.05
- --------------------------------------------------------------------------------------------------------------
18.000% to 18.249% 1 58,000.00 0.04
- --------------------------------------------------------------------------------------------------------------
18.250% to 18.499% 1 70,249.03 0.05
- --------------------------------------------------------------------------------------------------------------
18.500% to 18.749% 1 39,200.00 0.03
- --------------------------------------------------------------------------------------------------------------
22.500% to 22.749% 1 58,919.76 0.04
- --------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
25
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MINIMUM RATE - ADJUSTABLE RATE LOAN GROUP
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
Range of as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
Minimum Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
5.500% to 5.749% 1 $62,099.85 0.04%
- -------------------------------------------------------------------------------------------------------------
6.000% to 6.249% 1 49,679.66 0.03
- -------------------------------------------------------------------------------------------------------------
6.250% to 6.499% 2 185,205.08 0.12
- -------------------------------------------------------------------------------------------------------------
6.500% to 6.749% 1 51,779.41 0.03
- -------------------------------------------------------------------------------------------------------------
6.750% to 6.999% 1 83,700.00 0.06
- -------------------------------------------------------------------------------------------------------------
7.000% to 7.249% 3 432,568.74 0.28
- -------------------------------------------------------------------------------------------------------------
7.250% to 7.499% 4 479,442.11 0.32
- -------------------------------------------------------------------------------------------------------------
7.500% to 7.749% 2 183,270.78 0.12
- -------------------------------------------------------------------------------------------------------------
7.750% to 7.999% 15 2,518,732.95 1.66
- -------------------------------------------------------------------------------------------------------------
8.000% to 8.249% 2 338,700.00 0.22
- -------------------------------------------------------------------------------------------------------------
8.250% to 8.499% 8 1,122,731.53 0.74
- -------------------------------------------------------------------------------------------------------------
8.500% to 8.749% 37 4,596,149.45 3.03
- -------------------------------------------------------------------------------------------------------------
8.750% to 8.999% 136 17,586,987.44 11.58
- -------------------------------------------------------------------------------------------------------------
9.000% to 9.249% 61 7,414,012.39 4.88
- -------------------------------------------------------------------------------------------------------------
9.250% to 9.499% 126 16,593,822.08 10.93
- -------------------------------------------------------------------------------------------------------------
9.500% to 9.749% 139 15,288,484.86 10.07
- -------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 249 29,770,346.32 19.61
- -------------------------------------------------------------------------------------------------------------
10.000% to 10.249% 75 8,381,793.10 5.52
- -------------------------------------------------------------------------------------------------------------
10.250% to 10.499% 128 13,639,485.24 8.98
- -------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 91 10,401,188.61 6.85
- -------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 97 10,102,701.58 6.65
- -------------------------------------------------------------------------------------------------------------
11.000% to 11.249% 44 4,795,080.76 3.16
- -------------------------------------------------------------------------------------------------------------
11.250% to 11.499% 36 2,790,363.41 1.84
- -------------------------------------------------------------------------------------------------------------
11.500% to 11.749% 27 2,485,888.16 1.64
- -------------------------------------------------------------------------------------------------------------
11.750% to 11.999% 14 1,223,585.33 0.81
- -------------------------------------------------------------------------------------------------------------
12.000% to 12.249% 7 531,429.47 0.35
- -------------------------------------------------------------------------------------------------------------
12.250% to 12.499% 6 336,362.30 0.22
- -------------------------------------------------------------------------------------------------------------
12.500% to 12.749% 3 278,406.90 0.18
- -------------------------------------------------------------------------------------------------------------
13.250% to 13.499% 1 44,933.24 0.03
- -------------------------------------------------------------------------------------------------------------
13.750% to 13.999% 1 50,500.00 0.03
- -------------------------------------------------------------------------------------------------------------
Total 1,318 $151,819,430.75 100.00%
</TABLE>
26
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
Adjustable Rate Loan Group I
<TABLE>
<CAPTION>
Summary
Total Minimum Maximum
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $133,149,151.11
Number of Loans 1,252
Average Original Loan Balance $106,424.86 $12,750.00 $239,000.00
Average Current Loan Balance $106,349.16 $12,694.56 $239,000.00
Weighted Average Combined LTV 87.67% 33.33% 100.00%
Weighted Average Gross Coupon 9.90% 6.99% 13.75%
Weighted Average Remaining Term to Maturity (months) 359 179 360
Weighted Average Original Term (months) 360 360 360
Weighted Average Gross Margin 6.492% 3.850% 10.750%
Weighted Average Maximum Rate 13.083% 9.300% 22.50%
Weighted Average Periodic Cap 1.056% 1.000% 7.000%
Weighted Average FICO Credit Score 605
Weighted Average Debt to Income Ratio 40.18%
-------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
<CAPTION>
Percent of Statistical Calculation
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Loans 100.00%
Product Type 2/28 LIBOR 96.03%
3/27 LIBOR 3.97%
Lien Position First 100.00%
Property Type Single Family 98.29%
Condominium 0.69%
Manufactured 0.59%
Townhouse 0.18%
Occupancy Status Primary 100.00%
Geographic Distribution Ohio 8.78%
Michigan 7.03%
California 6.92%
Washington 6.77%
Colorado 5.57%
Other 64.93%
Largest Zip Code Concentration 20744 0.47%
Credit Grade A-1 46.14%
A-2 25.47%
B 22.71%
C 5.00%
D 0.67%
Delinquency 0 - 29 Days 100.00%
30 - 59 Days 0.00%
---------------------------------------------------------------------------------------------
</TABLE>
27
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GEOGRAPHIC DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Fixed Rate Loan Group by
as of the Statistical Balance Outstanding as of the Outstanding Principal Balance as
State or Territory Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Ohio 124 $11,691,447.56 8.78%
- --------------------------------------------------------------------------------------------------------------
Michigan 93 9,355,030.62 7.03
- --------------------------------------------------------------------------------------------------------------
California 61 9,219,712.88 6.92
- --------------------------------------------------------------------------------------------------------------
Washington 68 9,010,416.79 6.77
- --------------------------------------------------------------------------------------------------------------
Colorado 59 7,412,793.03 5.57
- --------------------------------------------------------------------------------------------------------------
Illinois 59 6,715,979.53 5.04
- --------------------------------------------------------------------------------------------------------------
Other* 788 79,743,770.70 59.89
- --------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
*No one State in this category constitutes more than 5% of the Initial Fixed
Rate Mortgage Loan Group Outstanding Principal Balance.
================================================================================
YEAR OF ORIGINATION - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Year of Origination Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1997 1 $70,125.95 0.05%
- --------------------------------------------------------------------------------------------------------------
1998 45 4,144,550.70 3.11
- --------------------------------------------------------------------------------------------------------------
1999 1,206 128,934,474.46 96.83
- --------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
28
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
ORIGINAL LOAN AMOUNT DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Original Loan Amount Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$ 10,000 to $ 19,999 2 $27,694.56 0.02%
- ----------------------------------------------------------------------------------------------------------------
$ 20,000 to $ 29,999 7 173,496.95 0.13
- ----------------------------------------------------------------------------------------------------------------
$ 30,000 to $ 39,999 18 634,523.81 0.48
- ----------------------------------------------------------------------------------------------------------------
$ 40,000 to $ 49,999 63 2,798,683.31 2.10
- ----------------------------------------------------------------------------------------------------------------
$ 50,000 to $ 59,999 97 5,401,386.57 4.06
- ----------------------------------------------------------------------------------------------------------------
$ 60,000 to $ 69,999 123 7,986,937.99 6.00
- ----------------------------------------------------------------------------------------------------------------
$ 70,000 to $ 79,999 123 9,185,084.53 6.90
- ----------------------------------------------------------------------------------------------------------------
$ 80,000 to $ 89,999 117 9,858,142.77 7.40
- ----------------------------------------------------------------------------------------------------------------
$ 90,000 to $ 99,999 98 9,319,023.15 7.00
- ----------------------------------------------------------------------------------------------------------------
$100,000 to $109,999 87 9,109,514.28 6.84
- ----------------------------------------------------------------------------------------------------------------
$110,000 to $119,999 88 10,136,189.89 7.61
- ----------------------------------------------------------------------------------------------------------------
$120,000 to $129,999 77 9,556,682.76 7.18
- ----------------------------------------------------------------------------------------------------------------
$130,000 to $139,999 55 7,421,801.71 5.57
- ----------------------------------------------------------------------------------------------------------------
$140,000 to $149,999 65 9,381,500.49 7.05
- ----------------------------------------------------------------------------------------------------------------
$150,000 to $159,999 60 9,279,525.23 6.97
- ----------------------------------------------------------------------------------------------------------------
$160,000 to $169,999 43 7,086,982.07 5.32
- ----------------------------------------------------------------------------------------------------------------
$170,000 to $179,999 26 4,510,433.73 3.39
- ----------------------------------------------------------------------------------------------------------------
$180,000 to $189,999 20 3,677,705.65 2.76
- ----------------------------------------------------------------------------------------------------------------
$190,000 to $199,999 26 5,083,914.75 3.82
- ----------------------------------------------------------------------------------------------------------------
$200,000 to $249,999 57 12,519,926.91 9.40
- ----------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
29
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
INTEREST RATE DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of Mortgage as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Loan Interest Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than 9.001% 199 $23,165,593.41 17.40%
- ----------------------------------------------------------------------------------------------------------------
9.001% to 10.000% 542 59,077,459.57 44.37
- ----------------------------------------------------------------------------------------------------------------
10.001% to 11.000% 380 39,558,170.25 29.71
- ----------------------------------------------------------------------------------------------------------------
11.001% to 12.000% 112 10,044,196.12 7.54
- ----------------------------------------------------------------------------------------------------------------
12.001% to 13.000% 16 1,146,198.67 0.86
- ----------------------------------------------------------------------------------------------------------------
13.001% to 14.000% 3 157,533.09 0.12
- ----------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
================================================================================
REMAINING MONTHS TO MATURITY - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of Remaining as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Months to Maturity Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
151 to 180 1 $133,444.01 0.10%
- ---------------------------------------------------------------------------------------------------------------
331 to 360 1,251 133,015,707.10 99.90
- ---------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
30
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
LIEN POSITION - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Lien Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
First 1,252 $133,149,151.11 100.00%
- -------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
================================================================================
COMBINED LOAN-TO-VALUE RATIO - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of Combined as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Loan-to-Value Ratios Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
30.01% to 40.00% 2 $89,459.22 0.07%
- ----------------------------------------------------------------------------------------------------------------
40.01% to 50.00% 11 726,899.56 0.55
- ----------------------------------------------------------------------------------------------------------------
50.01% to 60.00% 11 1,037,266.97 0.78
- ----------------------------------------------------------------------------------------------------------------
60.01% to 70.00% 31 2,371,644.81 1.78
- ----------------------------------------------------------------------------------------------------------------
70.01% to 80.00% 234 22,743,618.72 17.08
- ----------------------------------------------------------------------------------------------------------------
80.01% to 90.00% 663 70,496,811.85 52.95
- ----------------------------------------------------------------------------------------------------------------
90.01% to 100.00% 300 35,683,449.98 26.80
- ----------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
31
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GROSS MARGIN - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Gross Margin Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3.750% to 3.999% 2 $257,646.74 0.19%
- --------------------------------------------------------------------------------------------------------------
4.000% to 4.249% 4 455,088.62 0.34
- --------------------------------------------------------------------------------------------------------------
4.500% to 4.749% 7 741,964.88 0.56
- --------------------------------------------------------------------------------------------------------------
4.750% to 4.999% 10 1,086,108.22 0.82
- --------------------------------------------------------------------------------------------------------------
5.000% to 5.249% 19 1,563,429.76 1.17
- --------------------------------------------------------------------------------------------------------------
5.250% to 5.499% 27 2,856,919.03 2.15
- --------------------------------------------------------------------------------------------------------------
5.500% to 5.749% 109 11,638,468.55 8.74
- --------------------------------------------------------------------------------------------------------------
5.750% to 5.999% 183 18,365,416.82 13.79
- --------------------------------------------------------------------------------------------------------------
6.000% to 6.249% 169 19,746,658.46 14.83
- --------------------------------------------------------------------------------------------------------------
6.250% to 6.499% 126 13,724,946.54 10.31
- --------------------------------------------------------------------------------------------------------------
6.500% to 6.749% 113 12,027,715.30 9.03
- --------------------------------------------------------------------------------------------------------------
6.750% to 6.999% 154 17,809,740.88 13.38
- --------------------------------------------------------------------------------------------------------------
7.000% to 7.249% 91 9,785,601.52 7.35
- --------------------------------------------------------------------------------------------------------------
7.250% to 7.499% 79 7,638,102.78 5.74
- --------------------------------------------------------------------------------------------------------------
7.500% to 7.749% 58 6,199,348.37 4.66
- --------------------------------------------------------------------------------------------------------------
7.750% to 7.999% 35 3,514,679.03 2.64
- --------------------------------------------------------------------------------------------------------------
8.000% to 8.249% 25 2,269,033.49 1.70
- --------------------------------------------------------------------------------------------------------------
8.250% to 8.499% 14 1,217,053.74 0.91
- --------------------------------------------------------------------------------------------------------------
8.500% to 8.749% 11 952,583.26 0.72
- --------------------------------------------------------------------------------------------------------------
8.750% to 8.999% 4 414,933.43 0.31
- --------------------------------------------------------------------------------------------------------------
9.000% to 9.249% 5 299,367.89 0.22
- --------------------------------------------------------------------------------------------------------------
9.250% to 9.499% 3 198,919.22 0.15
- --------------------------------------------------------------------------------------------------------------
9.500% to 9.749% 1 70,179.87 0.05
- --------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 1 100,744.71 0.08
- --------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 1 164,000.00 0.12
- --------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 1 50,500.00 0.04
- --------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
32
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MONTH OF NEXT RATE ADJUSTMENT - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Month of Next as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Rate Adjustment Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
December 1999 1 $70,125.95 0.05%
- ------------------------------------------------------------------------------------------------------------
March 2000 1 62,467.05 0.05
- ------------------------------------------------------------------------------------------------------------
May 2000 1 154,901.30 0.12
- ------------------------------------------------------------------------------------------------------------
June 2000 3 336,189.00 0.25
- ------------------------------------------------------------------------------------------------------------
July 2000 8 632,155.34 0.47
- ------------------------------------------------------------------------------------------------------------
August 2000 2 127,119.49 0.10
- ------------------------------------------------------------------------------------------------------------
September 2000 4 254,511.28 0.19
- ------------------------------------------------------------------------------------------------------------
October 2000 4 249,048.52 0.19
- ------------------------------------------------------------------------------------------------------------
November 2000 5 492,221.85 0.37
- ------------------------------------------------------------------------------------------------------------
December 2000 9 1,053,612.33 0.79
- ------------------------------------------------------------------------------------------------------------
January 2001 2 121,071.00 0.09
- ------------------------------------------------------------------------------------------------------------
February 2001 3 296,929.21 0.22
- ------------------------------------------------------------------------------------------------------------
March 2001 7 871,099.98 0.65
- ------------------------------------------------------------------------------------------------------------
April 2001 9 907,353.81 0.68
- ------------------------------------------------------------------------------------------------------------
May 2001 14 1,328,003.50 1.00
- ------------------------------------------------------------------------------------------------------------
June 2001 72 7,009,824.10 5.26
- ------------------------------------------------------------------------------------------------------------
July 2001 179 19,765,596.90 14.84
- ------------------------------------------------------------------------------------------------------------
August 2001 302 32,221,232.67 24.20
- ------------------------------------------------------------------------------------------------------------
September 2001 395 42,310,202.24 31.78
- ------------------------------------------------------------------------------------------------------------
October 2001 181 19,289,975.00 14.49
- ------------------------------------------------------------------------------------------------------------
November 2001 3 382,173.29 0.29
- ------------------------------------------------------------------------------------------------------------
December 2001 1 173,750.84 0.13
- ------------------------------------------------------------------------------------------------------------
January 2002 2 230,872.67 0.17
- ------------------------------------------------------------------------------------------------------------
February 2002 1 51,779.41 0.04
- ------------------------------------------------------------------------------------------------------------
April 2002 1 161,496.66 0.12
- ------------------------------------------------------------------------------------------------------------
May 2002 1 98,822.60 0.07
- ------------------------------------------------------------------------------------------------------------
June 2002 2 231,188.30 0.17
- ------------------------------------------------------------------------------------------------------------
July 2002 1 36,521.66 0.03
- ------------------------------------------------------------------------------------------------------------
August 2002 4 477,433.16 0.36
- ------------------------------------------------------------------------------------------------------------
September 2002 23 2,612,232.00 1.96
- ------------------------------------------------------------------------------------------------------------
October 2002 11 1,139,240.00 0.86
- ------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
33
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MAXIMUM RATE - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Maximum Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
9.250% to 9.499% 1 $237,643.20 0.18%
- --------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 1 83,700.00 0.06
- --------------------------------------------------------------------------------------------------------------
10.000% to 10.249% 3 170,016.54 0.13
- --------------------------------------------------------------------------------------------------------------
10.250% to 10.499% 5 580,505.08 0.44
- --------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 2 164,279.41 0.12
- --------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 21 2,374,808.46 1.78
- --------------------------------------------------------------------------------------------------------------
11.000% to 11.249% 7 850,427.30 0.64
- --------------------------------------------------------------------------------------------------------------
11.250% to 11.499% 8 935,340.93 0.70
- --------------------------------------------------------------------------------------------------------------
11.500% to 11.749% 39 4,124,161.54 3.10
- --------------------------------------------------------------------------------------------------------------
11.750% to 11.999% 104 11,974,558.39 8.99
- --------------------------------------------------------------------------------------------------------------
12.000% to 12.249% 49 5,245,879.46 3.94
- --------------------------------------------------------------------------------------------------------------
12.250% to 12.499% 110 12,876,643.85 9.67
- --------------------------------------------------------------------------------------------------------------
12.500% to 12.749% 126 12,989,386.83 9.76
- --------------------------------------------------------------------------------------------------------------
12.750% to 12.999% 225 24,004,753.86 18.03
- --------------------------------------------------------------------------------------------------------------
13.000% to 13.249% 74 8,231,786.91 6.18
- --------------------------------------------------------------------------------------------------------------
13.250% to 13.499% 113 11,279,509.47 8.47
- --------------------------------------------------------------------------------------------------------------
13.500% to 13.749% 78 8,256,484.08 6.20
- --------------------------------------------------------------------------------------------------------------
13.750% to 13.999% 84 8,278,674.22 6.22
- --------------------------------------------------------------------------------------------------------------
14.000% to 14.249% 39 4,185,865.92 3.14
- --------------------------------------------------------------------------------------------------------------
14.250% to 14.499% 31 2,352,847.80 1.77
- --------------------------------------------------------------------------------------------------------------
14.500% to 14.749% 26 2,339,653.15 1.76
- --------------------------------------------------------------------------------------------------------------
14.750% to 14.999% 21 2,342,185.77 1.76
- --------------------------------------------------------------------------------------------------------------
15.000% to 15.249% 9 826,854.29 0.62
- --------------------------------------------------------------------------------------------------------------
15.250% to 15.499% 15 1,553,328.52 1.17
- --------------------------------------------------------------------------------------------------------------
15.500% to 15.749% 6 710,760.77 0.53
- --------------------------------------------------------------------------------------------------------------
15.750% to 15.999% 10 1,159,544.01 0.87
- --------------------------------------------------------------------------------------------------------------
16.000% to 16.249% 2 449,800.00 0.34
- --------------------------------------------------------------------------------------------------------------
16.250% to 16.499% 10 1,076,798.88 0.81
- --------------------------------------------------------------------------------------------------------------
16.500% to 16.749% 9 1,215,123.30 0.91
- --------------------------------------------------------------------------------------------------------------
16.750% to 16.999% 10 966,103.44 0.73
- --------------------------------------------------------------------------------------------------------------
17.000% to 17.249% 5 592,806.94 0.45
- --------------------------------------------------------------------------------------------------------------
17.250% to 17.499% 3 374,200.00 0.28
- --------------------------------------------------------------------------------------------------------------
17.500% to 17.749% 1 41,850.00 0.03
- --------------------------------------------------------------------------------------------------------------
17.750% to 17.999% 1 76,500.00 0.06
- --------------------------------------------------------------------------------------------------------------
18.000% to 18.249% 1 58,000.00 0.04
- --------------------------------------------------------------------------------------------------------------
18.250% to 18.499% 1 70,249.03 0.05
- --------------------------------------------------------------------------------------------------------------
18.500% to 18.749% 1 39,200.00 0.03
- --------------------------------------------------------------------------------------------------------------
22.500% to 22.749% 1 58,919.76 0.04
- --------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
34
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MINIMUM RATE - ADJUSTABLE RATE LOAN GROUP I
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group I
Range of as of the Statistical Balance Outstanding as of the by Outstanding Principal Balance as
Minimum Rates Calculation Date Statistical Calculation Date of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
5.500% to 5.749% 1 $62,099.85 0.05%
- -------------------------------------------------------------------------------------------------------------
6.000% to 6.249% 1 49,679.66 0.04
- -------------------------------------------------------------------------------------------------------------
6.250% to 6.499% 2 185,205.08 0.14
- -------------------------------------------------------------------------------------------------------------
6.500% to 6.749% 1 51,779.41 0.04
- -------------------------------------------------------------------------------------------------------------
6.750% to 6.999% 1 83,700.00 0.06
- -------------------------------------------------------------------------------------------------------------
7.000% to 7.249% 3 432,568.74 0.32
- -------------------------------------------------------------------------------------------------------------
7.250% to 7.499% 4 479,442.11 0.36
- -------------------------------------------------------------------------------------------------------------
7.500% to 7.749% 2 183,270.78 0.14
- -------------------------------------------------------------------------------------------------------------
7.750% to 7.999% 11 1,347,617.10 1.01
- -------------------------------------------------------------------------------------------------------------
8.000% to 8.249% 2 338,700.00 0.25
- -------------------------------------------------------------------------------------------------------------
8.250% to 8.499% 7 846,905.74 0.64
- -------------------------------------------------------------------------------------------------------------
8.500% to 8.749% 35 3,914,549.45 2.94
- -------------------------------------------------------------------------------------------------------------
8.750% to 8.999% 126 14,809,129.06 11.12
- -------------------------------------------------------------------------------------------------------------
9.000% to 9.249% 56 6,007,570.36 4.51
- -------------------------------------------------------------------------------------------------------------
9.250% to 9.499% 115 13,493,772.37 10.13
- -------------------------------------------------------------------------------------------------------------
9.500% to 9.749% 134 13,889,879.46 10.43
- -------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 233 25,170,895.50 18.90
- -------------------------------------------------------------------------------------------------------------
10.000% to 10.249% 75 8,381,793.10 6.30
- -------------------------------------------------------------------------------------------------------------
10.250% to 10.499% 123 12,311,050.69 9.25
- -------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 88 9,553,889.77 7.18
- -------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 94 9,285,468.16 6.97
- -------------------------------------------------------------------------------------------------------------
11.000% to 11.249% 44 4,795,080.76 3.60
- -------------------------------------------------------------------------------------------------------------
11.250% to 11.499% 36 2,790,363.41 2.10
- -------------------------------------------------------------------------------------------------------------
11.500% to 11.749% 26 2,219,523.31 1.67
- -------------------------------------------------------------------------------------------------------------
11.750% to 11.999% 14 1,223,585.33 0.92
- -------------------------------------------------------------------------------------------------------------
12.000% to 12.249% 7 531,429.47 0.40
- -------------------------------------------------------------------------------------------------------------
12.250% to 12.499% 6 336,362.30 0.25
- -------------------------------------------------------------------------------------------------------------
12.500% to 12.749% 3 278,406.90 0.21
- -------------------------------------------------------------------------------------------------------------
13.250% to 13.499% 1 44,933.24 0.03
- -------------------------------------------------------------------------------------------------------------
13.750% to 13.999% 1 50,500.00 0.04
- -------------------------------------------------------------------------------------------------------------
Total 1,252 $133,149,151.11 100.00%
</TABLE>
35
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
Adjustable Rate Loan Group II
<TABLE>
<CAPTION>
Summary
Total Minimum Maximum
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $18,670,279.64
Number of Loans 66
Average Original Loan Balance $283,032.58 $243,000.00 $387,600.00
Average Current Loan Balance $282,883.02 $242,757.09 $387,600.00
Weighted Average Combined LTV 87.91% 58.46% 96.89%
Weighted Average Gross Coupon 9.52% 7.88% 11.50%
Weighted Average Remaining Term to Maturity (months) 359 344 360
Weighted Average Original Term (months) 360 360 360
Weighted Average Gross Margin 6.317% 5.000% 8.400%
Weighted Average Maximum Rate 12.689% 10.990% 16.875%
Weighted Average Periodic Cap 1.058% 1.000% 3.000%
Weighted Average FICO Credit Score 605
Weighted Average Debt to Income Ratio 44.14%
--------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
<CAPTION>
Percent of Statistical Calculation
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Loans 100.00%
Product Type 2/28 LIBOR 100.00%
Lien Position First 100.00%
Property Type Single Family 100.00%
Occupancy Status Primary 100.00%
Geographic Distribution California 32.28%
Maryland 8.72%
Virginia 8.28%
Colorado 7.32%
Texas 4.44%
Other 38.96%
Largest Zip Code Concentration 97229 3.26%
Credit Grade A-1 60.45%
A-2 30.94%
B 7.27%
C 1.34%
Delinquency 0 - 29 Days 100.00%
30 - 59 Days 0.00%
-------------------------------------------------------------------------------------------
</TABLE>
36
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GEOGRAPHIC DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
State or Territory Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
California 21 $6,027,065.36 32.28%
- --------------------------------------------------------------------------------------------------------------------
Maryland 6 1,627,688.42 8.72
- --------------------------------------------------------------------------------------------------------------------
Virginia 5 1,545,491.99 8.28
- --------------------------------------------------------------------------------------------------------------------
Colorado 5 1,367,132.09 7.32
- --------------------------------------------------------------------------------------------------------------------
Other* 29 8,102,901.78 43.40
- --------------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
*No one State in this category constitutes more than 5% of the Initial Fixed
Rate Mortgage Loan Group Outstanding Principal Balance.
================================================================================
YEAR OF ORIGINATION - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Year of Origination Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1998 2 $513,091.79 2.75%
- ---------------------------------------------------------------------------------------------------------------------
1999 64 18,157,187.85 97.25
- ---------------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
37
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
ORIGINAL LOAN AMOUNT DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Original Loan Amount Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$200,000 to $249,999 10 $2,452,140.31 13.13%
- -------------------------------------------------------------------------------------------------------------------
$250,000 to $299,999 41 11,229,250.50 60.15
- -------------------------------------------------------------------------------------------------------------------
Over $300,000 15 4,988,888.83 26.72
- -------------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
================================================================================
INTEREST RATE DISTRIBUTION - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of Mortgage as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Loan Interest Rates Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than 9.001% 18 $5,162,759.91 27.65%
- -------------------------------------------------------------------------------------------------------------------
9.001% - 10.000% 36 10,248,188.07 54.89
- -------------------------------------------------------------------------------------------------------------------
10.001% - 11.000% 11 2,992,966.81 16.03
- -------------------------------------------------------------------------------------------------------------------
11.001% - 12.000% 1 266,364.85 1.43
- -------------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
38
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
REMAINING MONTHS TO MATURITY - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of Remaining as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Months to Maturity Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
331 to 360 66 $18,670,279.64 100.00%
- ------------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
================================================================================
LIEN POSITION - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Lien Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
First 66 $18,670,279.64 100.00%
- -------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
================================================================================
COMBINED LOAN-TO-VALUE RATIO - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of Combined as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Loan-to-Value Ratios Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
50.01% to 60.00% 1 $280,000.00 1.50%
- -------------------------------------------------------------------------------------------------------------------
60.01% to 70.00% 1 263,357.00 1.41
- -------------------------------------------------------------------------------------------------------------------
70.01% to 80.00% 10 2,843,311.37 15.23
- -------------------------------------------------------------------------------------------------------------------
80.01% to 90.00% 35 9,963,260.11 53.36
- -------------------------------------------------------------------------------------------------------------------
90.01% to 100.00% 19 5,320,351.16 28.50
- -------------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
39
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
GROSS MARGIN - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Gross Margin Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
5.000% to 5.249% 1 $387,600.00 2.08%
- -----------------------------------------------------------------------------------------------------------------
5.250% to 5.499% 1 243,000.00 1.30
- -----------------------------------------------------------------------------------------------------------------
5.500% to 5.749% 11 3,184,190.21 17.05
- -----------------------------------------------------------------------------------------------------------------
5.750% to 5.999% 7 2,094,418.11 11.22
- -----------------------------------------------------------------------------------------------------------------
6.000% to 6.249% 10 2,703,862.66 14.48
- -----------------------------------------------------------------------------------------------------------------
6.250% to 6.499% 10 2,866,582.31 15.35
- -----------------------------------------------------------------------------------------------------------------
6.500% to 6.749% 5 1,323,216.99 7.09
- -----------------------------------------------------------------------------------------------------------------
6.750% to 6.999% 14 4,026,519.79 21.57
- -----------------------------------------------------------------------------------------------------------------
7.000% to 7.249% 2 495,938.42 2.66
- -----------------------------------------------------------------------------------------------------------------
7.250% to 7.499% 2 579,000.00 3.10
- -----------------------------------------------------------------------------------------------------------------
7.750% to 7.999% 2 495,616.45 2.65
- -----------------------------------------------------------------------------------------------------------------
8.250% to 8.499% 1 270,334.70 1.45
- -----------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
================================================================================
MONTH OF NEXT RATE ADJUSTMENT - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Month of Next as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Rate Adjustment Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
May 2000 1 $270,334.70 1.45%
- ---------------------------------------------------------------------------------------------------------------
December 2000 1 242,757.09 1.30
- ---------------------------------------------------------------------------------------------------------------
April 2001 1 338,815.53 1.81
- ---------------------------------------------------------------------------------------------------------------
May 2001 1 250,738.42 1.34
- ---------------------------------------------------------------------------------------------------------------
June 2001 1 269,334.93 1.44
- ---------------------------------------------------------------------------------------------------------------
July 2001 8 2,274,495.24 12.18
- ---------------------------------------------------------------------------------------------------------------
August 2001 19 5,422,523.73 29.04
- ---------------------------------------------------------------------------------------------------------------
September 2001 30 8,517,123.00 45.62
- ---------------------------------------------------------------------------------------------------------------
October 2001 4 1,084,157.00 5.81
- ---------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
40
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MAXIMUM RATE - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Maximum Rates Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
10.750% to 10.999% 3 $832,300.32 4.46%
- -----------------------------------------------------------------------------------------------------------------
11.250% to 11.499% 3 837,932.46 4.49
- -----------------------------------------------------------------------------------------------------------------
11.500% to 11.749% 2 681,600.00 3.65
- -----------------------------------------------------------------------------------------------------------------
11.750% to 11.999% 11 3,060,858.38 16.39
- -----------------------------------------------------------------------------------------------------------------
12.000% to 12.249% 5 1,406,442.03 7.53
- -----------------------------------------------------------------------------------------------------------------
12.250% to 12.499% 8 2,251,068.04 12.06
- -----------------------------------------------------------------------------------------------------------------
12.500% to 12.749% 5 1,398,605.40 7.49
- -----------------------------------------------------------------------------------------------------------------
12.750% to 12.999% 13 3,785,712.40 20.28
- -----------------------------------------------------------------------------------------------------------------
13.250% to 13.499% 5 1,328,434.55 7.12
- -----------------------------------------------------------------------------------------------------------------
13.500% to 13.749% 3 847,298.84 4.54
- -----------------------------------------------------------------------------------------------------------------
13.750% to 13.999% 3 817,233.42 4.38
- -----------------------------------------------------------------------------------------------------------------
14.500% to 14.749% 1 266,364.85 1.43
- -----------------------------------------------------------------------------------------------------------------
14.750% to 14.999% 1 338,815.53 1.81
- -----------------------------------------------------------------------------------------------------------------
15.250% to 15.499% 1 286,875.00 1.54
- -----------------------------------------------------------------------------------------------------------------
15.750% to 15.999% 1 280,000.00 1.50
- -----------------------------------------------------------------------------------------------------------------
16.750% to 16.999% 1 250,738.42 1.34
- -----------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
41
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
================================================================================
MINIMUM RATE - ADJUSTABLE RATE LOAN GROUP II
<TABLE>
<CAPTION>
Number of Loans Aggregate Principal % of Adjustable Rate Loan Group
Range of as of the Statistical Balance Outstanding as of the II by Outstanding Principal Balance
Minimum Rates Calculation Date Statistical Calculation Date as of the Statistical Calculation Date
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7.750% to 7.999% 4 $1,171,115.85 6.27%
- -----------------------------------------------------------------------------------------------------------------
8.250% to 8.499% 1 275,825.79 1.48
- -----------------------------------------------------------------------------------------------------------------
8.500% to 8.749% 2 681,600.00 3.65
- -----------------------------------------------------------------------------------------------------------------
8.750% to 8.999% 10 2,777,858.38 14.88
- -----------------------------------------------------------------------------------------------------------------
9.000% to 9.249% 5 1,406,442.03 7.53
- -----------------------------------------------------------------------------------------------------------------
9.250% to 9.499% 11 3,100,049.71 16.60
- -----------------------------------------------------------------------------------------------------------------
9.500% to 9.749% 5 1,398,605.40 7.49
- -----------------------------------------------------------------------------------------------------------------
9.750% to 9.999% 16 4,599,450.82 24.64
- -----------------------------------------------------------------------------------------------------------------
10.250% to 10.499% 5 1,328,434.55 7.12
- -----------------------------------------------------------------------------------------------------------------
10.500% to 10.749% 3 847,298.84 4.54
- -----------------------------------------------------------------------------------------------------------------
10.750% to 10.999% 3 817,233.42 4.38
- -----------------------------------------------------------------------------------------------------------------
11.500% to 11.749% 1 266,364.85 1.43
- -----------------------------------------------------------------------------------------------------------------
Total 66 $18,670,279.64 100.00%
</TABLE>
42
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
PREPAYMENT SCENARIOS
<TABLE>
<CAPTION>
Scenario I Scenario II Scenario III Scenario IV Scenario V
---------- ----------- ------------ ----------- ----------
<S> <C> <C> <C> <C> <C>
Adjustable Rate
Mortgage Loans(1) 18% 24% 30% 36% 42%
Fixed Rate
Mortgage Loans(2) 75% 100% 125% 150% 175%
</TABLE>
(1) As a conditional prepayment rate ("CPR") percentage.
(2) As a percentage of the Prepayment Assumption for Fixed Rate Mortgage Loans.
CPR PREPAYMENT SENSITIVITIES
<TABLE>
<CAPTION>
Scenario I Scenario II Scenario III Scenario IV Scenario V
WAL/Maturity WAL/Maturity WAL/Maturity WAL/Maturity WAL/Maturity
------------ ------------ ------------ ------------ ------------
To Call
- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AF-1 1.24 04/02 1.00 09/01 0.85 06/01 0.74 03/01 0.67 01/01
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-2 3.37 09/04 2.58 06/03 2.10 09/02 1.78 03/02 1.55 11/01
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-3 5.82 04/07 4.13 10/04 3.20 08/03 2.52 08/02 2.15 03/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-4 8.44 07/08 6.02 06/06 4.61 02/05 3.53 03/04 2.60 10/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-5 8.63 07/08 6.54 06/06 5.21 02/05 4.29 03/04 3.49 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-6 6.29 07/08 5.57 06/06 4.76 02/05 4.06 03/04 3.45 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
A-IO 1.63 07/01 1.63 07/01 1.63 07/01 1.63 07/01 1.63 07/01
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MF-1 7.22 07/08 5.52 06/06 4.46 02/05 3.91 03/04 3.62 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MF-2 7.22 07/08 5.52 06/06 4.45 02/05 3.84 03/04 3.52 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
BF-1 7.22 07/08 5.52 06/06 4.44 02/05 3.80 03/04 3.43 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AV-1 3.20 07/08 2.37 06/06 1.77 02/05 1.28 03/04 1.01 08/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AV-2 4.06 07/08 2.67 06/06 1.79 02/05 1.28 03/04 1.01 08/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MV-1 6.58 07/08 4.99 06/06 4.44 02/05 4.29 03/04 3.29 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MV-2 6.58 07/08 4.95 06/06 4.20 02/05 3.98 03/04 3.63 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
BV-1 6.58 07/08 4.94 06/06 4.10 02/05 3.70 03/04 3.56 07/03
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
To Maturity
- ---------------------
AF-1 1.24 04/02 1.00 09/01 0.85 06/01 0.74 03/01 0.67 01/01
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-2 3.37 09/04 2.58 06/03 2.10 09/02 1.78 03/02 1.55 11/01
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-3 5.82 04/07 4.13 10/04 3.20 08/03 2.52 08/02 2.15 03/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-4 9.65 01/12 6.89 07/09 4.99 11/07 3.62 08/06 2.60 10/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-5 10.47 01/12 8.34 07/09 7.05 11/07 6.04 08/06 4.84 09/05
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AF-6 6.33 12/08 5.73 02/07 5.15 02/06 4.58 05/05 4.12 10/04
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
A-IO 1.63 07/01 1.63 07/01 1.63 07/01 1.63 07/01 1.63 07/01
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MF-1 9.11 06/14 7.19 10/11 5.92 10/09 5.16 05/08 4.89 04/07
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MF-2 9.10 06/14 7.18 10/11 5.91 10/09 5.07 05/08 4.57 04/07
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
BF-1 9.10 06/14 7.16 10/11 5.88 10/09 5.03 05/08 4.47 04/07
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AV-1 3.35 01/12 2.50 07/09 1.91 11/07 1.36 08/06 1.01 08/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
AV-2 4.73 01/12 3.15 07/09 2.06 11/07 1.36 08/06 1.01 08/02
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MV-1 8.00 06/14 6.05 10/11 5.22 10/09 5.64 05/08 4.69 04/07
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
MV-2 8.00 06/14 6.02 10/11 4.98 10/09 4.52 05/08 4.50 04/05
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
BV-1 7.97 06/14 5.74 10/11 4.47 10/09 3.84 05/05 3.68 06/04
- --------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- ---------
</TABLE>
* The Certificates will be priced, with respect to the Fixed Rate Mortgage
Loans, using 125% of the Base Prepayment Assumption. The Base Prepayment
Assumption assumes a conditional prepayment rate of 4% per annum of the then
outstanding principal balance of the Fixed Rate Mortgage Loans in the first
month of the life of the Fixed Rate Mortgage Loans and an additional 1.45%
(precisely, 16%/11) per annum in each month thereafter until the twelfth month.
Beginning in the twelfth month and in each month thereafter, the conditional
prepayment rate is 20% (times 125%). The Certificates will be priced, with
respect to the Adjustable Rate Mortgage Loans, using a constant prepayment rate
of 30% CPR.
43
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
BOND SUMMARY (to Maturity)
--------------------------
<TABLE>
<CAPTION>
AF-1 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.37 6.37 6.37 6.37 6.37
Average Life (yrs.) 1.24 1.00 0.85 0.74 0.67
Modified Duration (yrs.) 1.15 0.94 0.80 0.70 0.63
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 04/15/2002 09/15/2001 06/15/2001 03/15/2001 01/15/2001
Payment Windows (mos.) 29 22 19 16 14
AF-2 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.87 6.87 6.87 6.87 6.87
Average Life (yrs.) 3.37 2.58 2.10 1.78 1.55
Modified Duration (yrs.) 2.91 2.29 1.89 1.62 1.42
First Principal Payment Date 04/15/2002 09/15/2001 06/15/2001 03/15/2001 01/15/2001
Last Principal Payment Date 09/15/2004 06/15/2003 09/15/2002 03/15/2002 11/15/2001
Payment Windows (mos.) 30 22 16 13 11
AF-3 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.02 7.02 7.02 7.02 7.02
Average Life (yrs.) 5.82 4.13 3.20 2.52 2.15
Modified Duration (yrs.) 4.63 3.48 2.78 2.24 1.94
First Principal Payment Date 09/15/2004 06/15/2003 09/15/2002 03/15/2002 11/15/2001
Last Principal Payment Date 04/15/2007 10/15/2004 08/15/2003 08/15/2002 03/15/2002
Payment Windows (mos.) 32 17 12 6 5
AF-4 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.34 7.34 7.34 7.34 7.34
Average Life (yrs.) 9.65 6.89 4.99 3.62 2.60
Modified Duration (yrs.) 6.70 5.21 4.02 3.07 2.29
First Principal Payment Date 04/15/2007 10/15/2004 08/15/2003 08/15/2002 03/15/2002
Last Principal Payment Date 01/15/2012 07/15/2009 11/15/2007 08/15/2006 10/15/2002
Payment Windows (mos.) 58 58 52 49 8
</TABLE>
44
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
AF-5 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.63 7.66 7.68 7.70 7.69
Average Life (yrs.) 10.47 8.34 7.05 6.04 4.84
Modified Duration (yrs.) 7.02 5.99 5.30 4.70 3.90
First Principal Payment Date 12/15/2008 02/15/2007 02/15/2006 05/15/2005 10/15/2002
Last Principal Payment Date 01/15/2012 07/15/2009 11/15/2007 08/15/2006 09/15/2005
Payment Windows (mos.) 38 30 22 16 36
AF-6 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.24 7.24 7.24 7.24 7.24
Average Life (yrs.) 6.33 5.73 5.15 4.58 4.12
Modified Duration (yrs.) 4.86 4.51 4.14 3.77 3.44
First Principal Payment Date 12/15/2001 12/15/2001 12/15/2001 12/15/2001 12/15/2001
Last Principal Payment Date 12/15/2008 02/15/2007 02/15/2006 05/15/2005 10/15/2004
Payment Windows (mos.) 85 63 51 42 35
A-IO (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 10.680 7.60 7.60 7.60 7.60 7.60
Average Life (yrs.) 1.63 1.63 1.63 1.63 1.63
Modified Duration (yrs.) 0.81 0.81 0.81 0.81 0.81
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 07/15/2001 07/15/2001 07/15/2001 07/15/2001 07/15/2001
Payment Windows (mos.) 20 20 20 20 20
MF-1 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 8.13 8.13 8.13 8.13 8.13
Average Life (yrs.) 9.11 7.19 5.92 5.16 4.89
Modified Duration (yrs.) 6.00 5.09 4.41 3.99 3.86
First Principal Payment Date 02/15/2004 03/15/2003 01/15/2003 04/15/2003 06/15/2003
Last Principal Payment Date 06/15/2014 10/15/2011 10/15/2009 05/15/2008 04/15/2007
Payment Windows (mos.) 125 104 82 62 47
</TABLE>
45
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MF-2 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 9.38 9.38 9.38 9.38 9.38
Average Life (yrs.) 9.10 7.18 5.91 5.07 4.57
Modified Duration (yrs.) 5.67 4.84 4.22 3.79 3.52
First Principal Payment Date 02/15/2004 03/15/2003 12/15/2002 02/15/2003 03/15/2003
Last Principal Payment Date 06/15/2014 10/15/2011 10/15/2009 05/15/2008 04/15/2007
Payment Windows (mos.) 125 104 83 64 50
BF-1 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 98.600 10.47 10.51 10.56 10.60 10.63
Average Life (yrs.) 9.10 7.16 5.88 5.03 4.47
Modified Duration (yrs.) 5.43 4.66 4.06 3.65 3.36
First Principal Payment Date 02/15/2004 03/15/2003 12/15/2002 01/15/2003 01/15/2003
Last Principal Payment Date 06/15/2014 10/15/2011 10/15/2009 05/15/2008 04/15/2007
Payment Windows (mos.) 125 104 83 65 52
AV-1 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 5.93 5.93 5.93 5.93 5.93
Average Life (yrs.) 3.35 2.50 1.91 1.36 1.01
Modified Duration (yrs.) 2.76 2.14 1.67 1.23 0.94
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 01/15/2012 07/15/2009 11/15/2007 08/15/2006 08/15/2002
Payment Windows (mos.) 146 116 96 81 33
AV-2 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.00 6.00 6.00 6.00 6.01
Average Life (yrs.) 4.73 3.15 2.06 1.36 1.01
Modified Duration (yrs.) 3.60 2.56 1.77 1.23 0.93
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 01/15/2012 07/15/2009 11/15/2007 08/15/2006 08/15/2002
Payment Windows (mos.) 146 116 96 81 33
</TABLE>
46
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MV-1 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.37 6.37 6.37 6.37 6.37
Average Life (yrs.) 8.00 6.05 5.22 5.64 4.69
Modified Duration (yrs.) 5.86 4.73 4.25 4.58 3.88
First Principal Payment Date 04/15/2003 03/15/2003 07/15/2003 02/15/2004 08/15/2002
Last Principal Payment Date 06/15/2014 10/15/2011 10/15/2009 05/15/2008 04/15/2007
Payment Windows (mos.) 135 104 76 52 57
MV-2 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.99 6.99 6.99 6.99 6.99
Average Life (yrs.) 8.00 6.02 4.98 4.52 4.50
Modified Duration (yrs.) 5.70 4.60 3.99 3.72 3.75
First Principal Payment Date 04/15/2003 01/15/2003 03/15/2003 06/15/2003 10/15/2003
Last Principal Payment Date 06/15/2014 10/15/2011 10/15/2009 05/15/2008 04/15/2005
Payment Windows (mos.) 135 106 80 60 19
BV-1 (To Maturity)
- ------------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- ------------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 8.72 8.72 8.72 8.72 8.72
Average Life (yrs.) 7.97 5.74 4.47 3.84 3.68
Modified Duration (yrs.) 5.28 4.20 3.51 3.14 3.03
First Principal Payment Date 04/15/2003 12/15/2002 01/15/2003 02/15/2003 04/15/2003
Last Principal Payment Date 06/15/2014 10/15/2011 10/15/2009 05/15/2005 06/15/2004
Payment Windows (mos.) 135 107 82 28 15
</TABLE>
47
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
BOND SUMMARY (to Call)
----------------------
<TABLE>
<CAPTION>
AF-1 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Yield @ 100.000 6.37 6.37 6.37 6.37 6.37
Average Life (yrs.) 1.24 1.00 0.85 0.74 0.67
Modified Duration (yrs.) 1.15 0.94 0.80 0.70 0.63
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 04/15/2002 09/15/2001 06/15/2001 03/15/2001 01/15/2001
Payment Windows (mos.) 29 22 19 16 14
AF-2 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.87 6.87 6.87 6.87 6.87
Average Life (yrs.) 3.37 2.58 2.10 1.78 1.55
Modified Duration (yrs.) 2.91 2.29 1.89 1.62 1.42
First Principal Payment Date 04/15/2002 09/15/2001 06/15/2001 03/15/2001 01/15/2001
Last Principal Payment Date 09/15/2004 06/15/2003 09/15/2002 03/15/2002 11/15/2001
Payment Windows (mos.) 30 22 16 13 11
AF-3 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.02 7.02 7.02 7.02 7.02
Average Life (yrs.) 5.82 4.13 3.20 2.52 2.15
Modified Duration (yrs.) 4.63 3.48 2.78 2.24 1.94
First Principal Payment Date 09/15/2004 06/15/2003 09/15/2002 03/15/2002 11/15/2001
Last Principal Payment Date 04/15/2007 10/15/2004 08/15/2003 08/15/2002 03/15/2002
Payment Windows (mos.) 32 17 12 6 5
AF-4 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.34 7.34 7.34 7.34 7.34
Average Life (yrs.) 8.44 6.02 4.61 3.53 2.60
Modified Duration (yrs.) 6.12 4.72 3.79 3.00 2.29
First Principal Payment Date 04/15/2007 10/15/2004 08/15/2003 08/15/2002 03/15/2002
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 10/15/2002
Payment Windows (mos.) 16 21 19 20 8
</TABLE>
48
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
AF-5 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Yield @ 100.000 7.57 7.57 7.57 7.57 7.57
Average Life (yrs.) 8.63 6.54 5.21 4.29 3.49
Modified Duration (yrs.) 6.15 5.01 4.17 3.55 2.97
First Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 10/15/2002
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 1 1 1 1 10
AF-6 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 7.24 7.24 7.24 7.24 7.24
Average Life (yrs.) 6.29 5.57 4.76 4.06 3.45
Modified Duration (yrs.) 4.84 4.42 3.89 3.40 2.96
First Principal Payment Date 12/15/2001 12/15/2001 12/15/2001 12/15/2001 12/15/2001
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 80 55 39 28 20
A-IO (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 10.680 7.60 7.60 7.60 7.60 7.60
Average Life (yrs.) 1.63 1.63 1.63 1.63 1.63
Modified Duration (yrs.) 0.81 0.81 0.81 0.81 0.81
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 07/15/2001 07/15/2001 07/15/2001 07/15/2001 07/15/2001
Payment Windows (mos.) 20 20 20 20 20
MF-1 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 8.13 8.13 8.13 8.13 8.13
Average Life (yrs.) 7.22 5.52 4.46 3.91 3.62
Modified Duration (yrs.) 5.24 4.27 3.60 3.23 3.03
First Principal Payment Date 02/15/2004 03/15/2003 01/15/2003 04/15/2003 06/15/2003
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 54 40 26 12 2
</TABLE>
49
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MF-2 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Yield @ 100.000 9.38 9.38 9.38 9.38 9.38
Average Life (yrs.) 7.22 5.52 4.45 3.84 3.52
Modified Duration (yrs.) 5.01 4.12 3.48 3.10 2.88
First Principal Payment Date 02/15/2004 03/15/2003 12/15/2002 02/15/2003 03/15/2003
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 54 40 27 14 5
BF-1 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 98.600 10.50 10.56 10.63 10.68 10.72
Average Life (yrs.) 7.22 5.52 4.44 3.80 3.43
Modified Duration (yrs.) 4.84 4.00 3.39 3.00 2.76
First Principal Payment Date 02/15/2004 03/15/2003 12/15/2002 01/15/2003 01/15/2003
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 54 40 27 15 7
AV-1 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 5.93 5.93 5.93 5.93 5.93
Average Life (yrs.) 3.20 2.37 1.77 1.28 1.01
Modified Duration (yrs.) 2.68 2.06 1.58 1.18 0.94
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 08/15/2002
Payment Windows (mos.) 104 79 63 52 33
AV-2 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.00 6.00 6.01 6.00 6.01
Average Life (yrs.) 4.06 2.67 1.79 1.28 1.01
Modified Duration (yrs.) 3.24 2.26 1.59 1.17 0.93
First Principal Payment Date 12/15/1999 12/15/1999 12/15/1999 12/15/1999 12/15/1999
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 08/15/2002
Payment Windows (mos.) 104 79 63 52 33
</TABLE>
50
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MV-1 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Yield @ 100.000 6.37 6.37 6.37 6.37 6.36
Average Life (yrs.) 6.58 4.99 4.44 4.29 3.29
Modified Duration (yrs.) 5.17 4.13 3.76 3.65 2.88
First Principal Payment Date 04/15/2003 03/15/2003 07/15/2003 02/15/2004 08/15/2002
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 64 40 20 2 12
MV-2 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 6.99 6.99 6.99 6.99 6.99
Average Life (yrs.) 6.58 4.95 4.20 3.98 3.63
Modified Duration (yrs.) 5.05 4.02 3.52 3.37 3.11
First Principal Payment Date 04/15/2003 01/15/2003 03/15/2003 06/15/2003 07/15/2003
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 64 42 24 10 1
BV-1 (To Call)
- -------------------------------------------------------------------------------------------------------------------------------
FIX-PPC 75% 100% 125% 150% 175%
ARM-CPR 18% 24% 30% 36% 42%
- -------------------------------------------------------------------------------------------------------------------------------
Yield @ 100.000 8.72 8.72 8.72 8.72 8.72
Average Life (yrs.) 6.58 4.94 4.10 3.70 3.56
Modified Duration (yrs.) 4.76 3.82 3.30 3.05 2.95
First Principal Payment Date 04/15/2003 12/15/2002 01/15/2003 02/15/2003 04/15/2003
Last Principal Payment Date 07/15/2008 06/15/2006 02/15/2005 03/15/2004 07/15/2003
Payment Windows (mos.) 64 43 26 14 4
</TABLE>
51
<PAGE>
Conseco Finance Certificates For Home Equity Loans, Series 1999-H
Classes: AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, A-IO, MF-1, MF-2, BF-1
AV-1, AV-2, MV-1, MV-2, BV-1
$856,000,000 (approximate)
- --------------------------------------------------------------------------------
ADJUSTABLE RATE NET FUNDS CAP RATE
----------------------------------
<TABLE>
<CAPTION>
Period Scenario I Scenario II Period Scenario I Scenario II
------ ---------- ----------- ------ ---------- -----------
<S> <C> <C> <C> <C> <C> <C>
1 9.35 9.35 38 11.99 12.50
2 9.35 9.35 39 11.99 12.50
3 9.35 9.35 40 11.99 12.50
4 9.35 9.35 41 11.99 12.51
5 9.35 9.35 42 11.99 12.52
6 9.35 9.35 43 11.99 12.53
7 9.35 9.35 44 11.99 12.53
8 9.36 9.36 45 11.99 12.53
9 9.36 9.36 46 11.99 12.53
10 9.36 9.36 47 11.99 12.53
11 9.37 9.37 48 11.99 12.53
12 9.37 9.37 49 11.99 12.53
13 9.37 9.37 50 11.99 12.53
14 9.37 9.37 51 11.99 12.53
15 9.38 9.38 52 11.99 12.53
16 9.38 9.39 53 11.99 12.53
17 9.39 9.39 54 11.99 12.53
18 9.39 9.40 55 11.99 12.54
19 9.41 9.42 56 11.99 12.54
20 9.42 9.44 57 11.99 12.54
21 9.48 9.53 58 11.99 12.54
22 9.61 9.73 59 11.99 12.54
23 9.96 10.11 60 11.99 12.54
24 10.62 10.79 61 11.99 12.54
25 11.58 11.89 62 11.99 12.54
26 11.89 12.23 63 11.99 12.54
27 11.89 12.24
28 11.89 12.25
29 11.90 12.26
30 11.90 12.32
31 11.91 12.39
32 11.91 12.41
33 11.91 12.41
34 11.91 12.41
35 11.92 12.42
36 11.95 12.45
37 11.99 12.50
</TABLE>
* Scenario I is achieved assuming 6 month LIBOR stays constant at 6.02375%; run
at the pricing speed to call.
** Scenario II is achieved assuming 6 month LIBOR instantaneously increases to a
level beyond the highest maximum obtainable rate on the underlying adjustable
rate mortgage loans; run at the pricing speed to call.
52
