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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): February 8, 2000
CONSECO FINANCE SECURITIZATIONS CORP.
as seller of Manufactured Housing Contract
Senior/Subordinate Pass-Through Certificates Series 2000-1
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Minnesota (333-85037/333-85037-01) 41-1807858
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(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
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(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant.
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Not applicable.
Item 2. Acquisition or Disposition of Assets.
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Not applicable.
Item 3. Bankruptcy or Receivership.
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Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
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Not applicable.
Item 5. Other Events.
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Not applicable.
Item 6. Resignations of Registrant's Directors.
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Not applicable.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
2
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(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
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99.1 Information with respect to certain manufactured
housing installment loan agreements transferred to
the trust formed in connection with the Manufactured
Housing Contract Senior/Subordinate Pass-Through
Certificates, Series 2000-1, issued by Conseco
Finance Securitizations Corp., as Seller, and
Conseco Finance Corp., as Servicer and Originator.
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
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INDEX TO EXHIBITS
EXHIBIT NUMBER
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99.1 Information with respect to certain manufactured housing
installment loan agreements transferred to the trust formed
in connection with the Manufactured Housing Contract
Senior/Subordinate Pass-Through Certificates, Series 2000-1,
issued by Conseco Finance Securitizations Corp., as Seller,
and Conseco Finance Corp., as Servicer and Originator.
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EXHIBIT 99.1
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH CERTIFICATES
SERIES 2000-1
INFORMATION REGARDING INITIAL AND ADDITIONAL CONTRACTS
Set forth below is information regarding the manufactured housing installment
sales contracts and installment loan agreements transferred to the trust formed
in February 2000, or substituted for some of these contracts, as permitted by
the pooling and servicing agreement, on or before the date of this report. The
information below relates to both the initial contracts described in the
prospectus supplement dated January 19, 2000 and the additional contracts
transferred to the trust on the closing date. The Company will transfer
subsequent contracts to the trust on or before the expiration of the pre-funding
period. Unless otherwise defined herein, all capitalized terms have the meanings
set forth in the prospectus supplement dated January 19, 2000.
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The table below describes additional characteristics of the initial and
additional contracts as of the cut-off date. The geographical distribution of
the contract obligors is based on the obligor's billing address.
Geographical Distribution of Contract Obligors
<TABLE>
<CAPTION>
Aggregate
Principal Balance % of Contract Pool
Number of Outstanding by Outstanding
Contracts as of as of Cut- Principal Balance
State Cut-off Date off Date as of Cut-off Date
- ----- --------------- ----------------- ------------------
<S> <C> <C> <C>
Alabama.................... 1,147 $ 36,504,475.67 5.00%
Arizona.................... 412 18,210,470.93 2.50
Arkansas................... 323 10,695,299.30 1.47
California................. 495 21,190,313.10 2.90
Colorado................... 348 19,057,206.36 2.61
Connecticut................ 18 339,931.48 .05
Delaware................... 77 3,661,677.44 .50
District of Columbia....... 1 22,966.14 *
Florida.................... 1,056 49,623,832.53 6.80
Georgia.................... 1,131 47,307,900.46 6.48
Idaho...................... 95 5,635,796.38 .77
Illinois................... 213 7,541,635.92 1.03
Indiana.................... 465 24,150,808.78 3.31
Iowa....................... 162 5,982,948.71 .82
Kansas..................... 171 5,965,814.83 .82
Kentucky................... 389 16,200,171.14 2.22
Louisiana.................. 247 7,786,805.92 1.07
Maine...................... 105 6,436,330.45 .88
Maryland................... 60 2,054,990.60 .28
Massachusetts.............. 14 494,089.94 .07
Michigan................... 1,093 61,619,515.37 8.44
Minnesota.................. 213 8,223,060.38 1.13
Mississippi................ 403 12,957,331.89 1.78
Missouri................... 288 8,835,364.64 1.21
Montana.................... 103 4,791,852.02 .66
Nebraska................... 81 3,591,355.09 .49
Nevada..................... 135 6,964,170.80 .95
New Hampshire.............. 105 5,055,768.54 .69
New Jersey................. 24 818,592.10 .11
New Mexico................. 282 10,071,898.72 1.38
New York................... 312 13,828,176.32 1.89
North Carolina............. 1,398 56,976,664.53 7.81
North Dakota............... 64 2,461,558.97 .34
Ohio....................... 439 22,163,561.76 3.04
Oklahoma................... 335 12,600,400.46 1.73
Oregon..................... 212 15,593,296.01 2.14
Pennsylvania............... 327 12,688,851.65 1.74
Rhode Island............... 6 228,608.06 .03
South Carolina............. 731 26,998,772.89 3.70
South Dakota............... 104 4,171,714.36 .57
Tennessee.................. 555 22,621,905.09 3.10
Texas...................... 1,548 64,958,495.83 8.90
Utah....................... 68 4,552,066.66 .62
Vermont.................... 64 4,014,753.81 .55
Virginia................... 329 11,689,265.67 1.60
Washington................. 362 26,901,195.40 3.69
West Virginia.............. 180 6,052,999.73 .83
Wisconsin.................. 128 4,503,390.66 .62
Wyoming.................... 103 5,012,451.57 .69
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Total.................... 16,921 $729,863,506.76 100.00%
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</TABLE>
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* Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the contracts as of the cut-off date.
2
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Years of Origination of Contracts
<TABLE>
<CAPTION>
Number of Aggregate % of Contract Pool by
Contracts Principal Balance Outstanding Principal
as of Outstanding Balance as of
Year of Origination Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------ ------------------ ---------------------
<S> <C> <C> <C>
1983..................... 1 $ 14,573.62 *%
1984..................... 0 .00 .00
1985..................... 119 754,363.96 .10
1986..................... 119 757,146.88 .10
1987..................... 8 54,522.34 .01
1988..................... 8 76,166.90 .01
1989..................... 1 14,541.74 *
1990..................... 475 6,350,304.10 .87
1991..................... 388 4,588,154.79 .63
1992..................... 0 .00 .00
1993..................... 0 .00 .00
1994..................... 0 .00 .00
1995..................... 0 .00 .00
1996..................... 2 100,895.34 .01
1997..................... 2 79,150.49 .01
1998..................... 47 3,569,363.88 .49
1999..................... 10,047 519,407,086.41 71.16
2000..................... 5,704 194,097,236.31 26.59
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Total................. 16,921 $729,863,506.76 100.00%
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</TABLE>
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*Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the contracts as of the cut-off date.
The contracts shown in the table above with earlier years of origination
primarily represent contracts Conseco Finance originated and subsequently
refinanced. Conseco Finance retains the first origination dates on its records
for these refinanced contracts.
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Distribution of Original Contract Amounts
<TABLE>
<CAPTION>
Number of Aggregate % of Contract Pool by
Contracts Principal Balance Outstanding Principal
Oiginal Contractr as of Outstanding Balance as of
Amunt (in Dollars) Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------ ------------------ ---------------------
<S> <C> <C> <C>
Less than $10,000........ 552 $ 4,125,082.39 .57%
Between $10,000 and
$19,999................. 2,638 35,084,716.00 4.81
Between $20,000 and
$29,999................. 3,145 75,928,017.15 10.40
Between $30,000 and
$39,999................. 3,044 104,552,910.13 14.32
Between $40,000 and
$49,999................. 1,946 86,658,183.28 11.87
Between $50,000 and
$59,999................. 1,648 90,178,081.24 12.36
Between $60,000 and
$69,999................. 1,168 75,588,592.83 10.36
Between $70,000 and
$79,999................. 897 67,031,898.81 9.18
Between $80,000 and
$89,999................. 643 54,402,942.34 7.45
Between $90,000 and
$99,999................. 489 46,205,172.52 6.33
Between $100,000 and
$109,999................ 283 29,617,199.71 4.06
Between $110,000 and
$119,999................ 190 21,694,062.94 2.97
Between $120,000 and
$129,999................ 116 14,432,706.43 1.98
Between $130,000 and
$139,999................ 68 9,177,666.01 1.26
Between $140,000 and
$149,999................ 32 4,619,365.37 .63
Between $150,000 and
$159,999................ 32 4,962,731.81 .68
Between $160,000 and
$169,999................ 10 1,646,563.11 .23
Between $170,000 and
$179,999................ 9 1,563,344.88 .21
Between $180,000 and
$189,999................ 3 562,628.15 .08
Between $190,000 and
$199,999................ 2 391,097.25 .05
Between $200,000 and
$249,999................ 5 1,126,313.05 .15
Between $250,000 and
$299,999................ 0 .00 .00
Between $300,000 and
$349,999................ 1 314,231.36 .04
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Total................. 16,921 $729,863,506.76 100.00%
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</TABLE>
The largest original initial contract amount is $314,403.45, which
represents 0.04% of the aggregate principal balance of the initial contracts as
of the cut-off date.
Distribution of Original Loan-to-Value Ratios of Contracts
The loan-to-value ratio in the table below is rounded to the nearest 1%.
<TABLE>
<CAPTION>
Aggregate Principal % of Contract Pool by
Number of Contracts Balance Outstanding Outstanding Principal
Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------- ------------------- --------------------------
<S> <C> <C> <C>
Less than 61%........... 647 $ 24,756,168.14 3.39%
61% to 65%.............. 225 10,245,229.87 1.40
66% to 70%.............. 299 13,631,155.20 1.87
71% to 75%.............. 494 24,872,105.19 3.41
76% to 80%.............. 1,437 63,284,817.81 8.67
81% to 85%.............. 1,212 56,898,271.51 7.80
86% to 90%.............. 5,348 232,383,123.34 31.84
91% to 95%.............. 4,889 224,250,869.29 30.73
96% to 100%............. 2,370 79,541,766.41 10.90
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Total................ 16,921 $729,863,506.76 100.00%
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</TABLE>
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Contract Rates
<TABLE>
<CAPTION>
Aggregate Principal % of Contract Pool by
Range of Contracts by Number of Contracts Balance Outstanding Outstanding Principal
Contract Rate as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- --------------------- ------------------- ------------------- --------------------------
<S> <C> <C> <C>
5.00001% to 6.00000%.... 11 $ 1,022,815.29 .14%
6.00001% to 7.00000%.... 87 7,978,632.46 1.09
7.00001% to 8.00000%.... 1,407 119,634,723.63 16.39
8.00001% to 9.00000%.... 1,226 99,431,295.59 13.62
9.00001% to 10.00000%... 1,363 83,593,126.41 11.45
10.00001% to 11.00000%.. 2,021 101,877,405.36 13.96
11.00001% to 12.00000%.. 2,260 90,934,778.20 12.46
12.00001% to 13.00000%.. 2,552 84,623,664.10 11.59
13.00001% to 14.00000%.. 2,419 64,684,765.15 8.86
14.00001% to 15.00000%.. 2,261 48,413,727.16 6.63
15.00001% to 16.00000%.. 640 14,779,531.43 2.02
16.00001% to 17.00000%.. 393 8,575,352.00 1.17
Over 17.00000%.......... 281 4,313,689.98 .59
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Total................ 16,921 $729,863,506.76 100.00%
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</TABLE>
Remaining Months to Maturity of Contracts
<TABLE>
<CAPTION>
Aggregate Principal % of Contract Pool by
Months Remaining Number of Contracts Balance Outstanding Outstanding Principal
As of Cut-off Date as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ------------------- ------------------- --------------------------
<S> <C> <C> <C>
Less than 31............ 291 $ 704,378.00 .10%
31 to 60................ 438 3,956,023.65 .54
61 to 90................ 774 9,903,614.83 1.36
91 to 120............... 1,062 17,319,180.89 2.37
121 to 150.............. 383 8,346,238.83 1.14
151 to 180.............. 1,576 36,279,577.52 4.97
181 to 210.............. 10 399,003.28 .05
211 to 240.............. 1,796 54,719,352.43 7.50
241 to 270.............. 5 178,971.31 .02
271 to 300.............. 1,340 47,293,119.46 6.48
301 to 330.............. 13 654,251.63 .09
331 to 360.............. 9,233 550,109,794.93 75.37
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Total................ 16,921 $729,863,506.76 100.00%
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</TABLE>
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