<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): February 1, 2000
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 February 1, 2000, in connection with
Certificates for Manufactured Housing Contracts
Senior Subordinate Pass-Through Certificates,
Series 2000-1, 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 February 1,
2000, in connection with Certificates for Manufactured Housing
Contracts Senior Subordinate Pass-Through Certificates, Series
2000-1, to be issued by Conseco Finance Securitizations Corp., as
Seller, and Conseco Finance Corp., as Servicer.
4
<PAGE>
EXHIBIT 99.1
CONSECO 2000-1 MANUFACTURED HOUSING
------ Corporate Bond Equivalent Yield Table ------
Lehman Brothers
Bond Class M-1 8.300 FIXED CPN
Current Balance $45,000,000.00
<TABLE>
<CAPTION>
75% MHP 125% MHP 175% MHP 200% MHP 250%MHP 300% MHP
--------------- --------------- --------------- ---------------- --------------- ---------------
PRICE CBE Yield Dur CBE Yield Dur CBE Yield Dur CBE Yield Dur CBE Yield Dur CBE Yield Dur
- ----------- --------- ----- --------- ----- --------- ----- --------- ----- --------- ----- --------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99-21+ 8.484 8.24 8.491 6.98 8.498 6.07 8.501 5.79 8.506 5.32 8.511 4.94
99-22 8.482 8.489 8.496 8.498 8.503 8.507
99-22+ 8.481 8.487 8.493 8.496 8.500 8.504
99-23 8.479 8.485 8.491 8.493 8.497 8.501
99-23+ 8.477 8.482 8.488 8.490 8.494 8.498
99-24 8.475 8.25 8.480 6.98 8.486 6.07 8.487 5.80 8.491 5.32 8.495 4.94
99-24+ 8.473 8.478 8.483 8.485 8.488 8.492
99-25 8.471 8.476 8.480 8.482 8.485 8.488
99-25+ 8.469 8.474 8.478 8.479 8.482 8.485
99-26 8.467 8.471 8.475 8.477 8.479 8.482
99-26+ 8.465 8.25 8.469 6.98 8.473 6.07 8.474 5.80 8.477 5.32 8.479 4.95
99-27 8.463 8.467 8.470 8.471 8.474 8.476
99-27+ 8.462 8.465 8.467 8.469 8.471 8.473
99-28 8.460 8.462 8.465 8.466 8.468 8.469
99-28+ 8.458 8.460 8.462 8.463 8.465 8.466
99-29 8.456 8.25 8.458 6.98 8.460 6.07 8.460 5.80 8.462 5.32 8.463 4.95
99-29+ 8.454 8.456 8.457 8.458 8.459 8.460
99-30 8.452 8.453 8.455 8.455 8.456 8.457
99-30+ 8.450 8.451 8.452 8.452 8.453 8.454
99-31 8.448 8.449 8.449 8.450 8.450 8.451
99-31+ 8.446 8.26 8.447 6.99 8.447 6.08 8.447 5.80 8.447 5.33 8.447 4.95
100-00 8.444 8.444 8.444 8.444 8.444 8.444
100-00+ 8.443 8.442 8.442 8.442 8.441 8.441
100-01 8.441 8.440 8.439 8.439 8.438 8.438
100-01+ 8.439 8.438 8.437 8.436 8.435 8.435
100-02 8.437 8.26 8.435 6.99 8.434 6.08 8.434 5.80 8.433 5.33 8.432 4.95
100-02+ 8.435 8.433 8.431 8.431 8.430 8.428
100-03 8.433 8.431 8.429 8.428 8.427 8.425
100-03+ 8.431 8.429 8.426 8.425 8.424 8.422
100-04 8.429 8.427 8.424 8.423 8.421 8.419
100-04+ 8.427 8.26 8.424 6.99 8.421 6.08 8.420 5.81 8.418 5.33 8.416 4.95
100-05 8.426 8.422 8.419 8.417 8.415 8.413
100-05+ 8.424 8.420 8.416 8.415 8.412 8.410
100-06 8.422 8.418 8.414 8.412 8.409 8.406
100-06+ 8.420 8.415 8.411 8.409 8.406 8.403
Average Life: 15.91 11.76 9.33 8.64 7.55 6.77
First Pay : 7.31 4.98 4.15 4.15 4.15 4.15
Last Pay : 21.31 16.48 12.90 11.56 9.48 8.06
1Y 2Y 3Y 5Y 10Y 30Y Price to Call
6.232 6.342 6.420 6.576 6.683 6.693
</TABLE>
Notes: All yields and durations are based on MONTHLY payments of interest with
an interest free delay of 0 days. Duration, First Pay, Average Life, and
Maturity are stated in years reflecting a 2/ 8/00 settlement date.
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
CONSECO 2000-1 MANUFACTURED HOUSING
------ Corporate Bond Equivalent Yield Table ------
Lehman Brothers
Bond Class M-1 8.300 FIXED CPN
Current Balance $45,000,000.00
<TABLE>
<CAPTION>
75% MHP 125% MHP 175% MHP 200%MHP 250% MHP 300% MHP
----------------- ----------------- ----------------- ----------------- ----------------- -----------------
PRICE CBE Yield Dur CBE Yield Dur CBE Yield Dur CBE Yield Dur CBE Yield Dur CBE Yield Dur
- ----------- --------- ----- --------- ----- --------- ----- --------- ----- --------- ----- --------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99-21+ 8.484 8.33 8.491 7.12 8.497 6.26 8.499 6.02 8.503 5.62 8.506 5.31
99-22 8.482 8.488 8.494 8.496 8.500 8.503
99-22+ 8.480 8.486 8.492 8.494 8.497 8.500
99-23 8.478 8.484 8.489 8.491 8.494 8.497
99-23+ 8.476 8.482 8.487 8.488 8.492 8.494
99-24 8.474 8.34 8.480 7.12 8.484 6.26 8.486 6.02 8.489 5.62 8.491 5.31
99-24+ 8.473 8.477 8.482 8.483 8.486 8.488
99-25 8.471 8.475 8.479 8.481 8.483 8.485
99-25+ 8.469 8.473 8.477 8.478 8.480 8.483
99-26 8.467 8.471 8.474 8.475 8.478 8.480
99-26+ 8.465 8.34 8.469 7.12 8.472 6.27 8.473 6.03 8.475 5.62 8.477 5.31
99-27 8.463 8.466 8.469 8.470 8.472 8.474
99-27+ 8.461 8.464 8.467 8.468 8.469 8.471
99-28 8.459 8.462 8.464 8.465 8.467 8.468
99-28+ 8.458 8.460 8.462 8.462 8.464 8.465
99-29 8.456 8.35 8.458 7.13 8.459 6.27 8.460 6.03 8.461 5.63 8.462 5.31
99-29+ 8.454 8.455 8.457 8.457 8.458 8.459
99-30 8.452 8.453 8.454 8.455 8.455 8.456
99-30+ 8.450 8.451 8.452 8.452 8.453 8.453
99-31 8.448 8.449 8.449 8.450 8.450 8.450
99-31+ 8.446 8.35 8.447 7.13 8.447 6.27 8.447 6.03 8.447 5.63 8.447 5.31
100-00 8.444 8.444 8.444 8.444 8.444 8.444
100-00+ 8.443 8.442 8.442 8.442 8.442 8.441
100-01 8.441 8.440 8.439 8.439 8.439 8.438
100-01+ 8.439 8.438 8.437 8.437 8.436 8.435
100-02 8.437 8.35 8.436 7.13 8.434 6.27 8.434 6.03 8.433 5.63 8.432 5.31
100-02+ 8.435 8.433 8.432 8.431 8.430 8.430
100-03 8.433 8.431 8.429 8.429 8.428 8.427
100-03+ 8.431 8.429 8.427 8.426 8.425 8.424
100-04 8.430 8.427 8.424 8.424 8.422 8.421
100-04+ 8.428 8.36 8.425 7.14 8.422 6.28 8.421 6.04 8.419 5.63 8.418 5.32
100-05 8.426 8.423 8.419 8.418 8.417 8.415
100-05+ 8.424 8.420 8.417 8.416 8.414 8.412
100-06 8.422 8.418 8.414 8.413 8.411 8.409
100-06+ 8.420 8.416 8.412 8.411 8.408 8.406
Average Life: 16.56 12.44 10.01 9.34 8.33 7.61
First Pay : 7.31 4.98 4.15 4.15 4.15 4.15
Last Pay : 27.65 22.81 19.15 17.81 15.90 14.15
1Y 2Y 3Y 5Y 10Y 30Y Price to Maturity
6.232 6.342 6.420 6.576 6.683 6.693
</TABLE>
Notes: All yields and durations are based on MONTHLY payments of interest with
an interest free delay of 0 days. Duration, First Pay, Average Life, and
Maturity are stated in years reflecting a 2/ 8/00 settlement date.
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
175% MHP
------------------------------------------------
Class M-2
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
0 2/ 8/00 36,000,000.00
1 4/ 1/00 36,000,000.00 491,418.12 0.00
2 5/ 1/00 36,000,000.00 278,161.20 0.00
3 6/ 1/00 36,000,000.00 278,161.20 0.00
4 7/ 1/00 36,000,000.00 278,161.20 0.00
5 8/ 1/00 36,000,000.00 278,161.20 0.00
6 9/ 1/00 36,000,000.00 278,161.20 0.00
7 10/ 1/00 36,000,000.00 278,161.20 0.00
8 11/ 1/00 36,000,000.00 278,161.20 0.00
9 12/ 1/00 36,000,000.00 278,161.20 0.00
10 1/ 1/01 36,000,000.00 278,161.20 0.00
11 2/ 1/01 36,000,000.00 278,161.20 0.00
12 3/ 1/01 36,000,000.00 278,161.20 0.00
13 4/ 1/01 36,000,000.00 278,161.20 0.00
14 5/ 1/01 36,000,000.00 278,161.20 0.00
15 6/ 1/01 36,000,000.00 278,161.20 0.00
16 7/ 1/01 36,000,000.00 278,161.20 0.00
17 8/ 1/01 36,000,000.00 278,161.20 0.00
18 9/ 1/01 36,000,000.00 278,161.20 0.00
19 10/ 1/01 36,000,000.00 278,161.20 0.00
20 11/ 1/01 36,000,000.00 278,161.20 0.00
21 12/ 1/01 36,000,000.00 278,161.20 0.00
22 1/ 1/02 36,000,000.00 278,161.20 0.00
23 2/ 1/02 36,000,000.00 278,161.20 0.00
24 3/ 1/02 36,000,000.00 278,161.20 0.00
25 4/ 1/02 36,000,000.00 278,161.20 0.00
26 5/ 1/02 36,000,000.00 278,161.20 0.00
27 6/ 1/02 36,000,000.00 278,161.20 0.00
28 7/ 1/02 36,000,000.00 278,161.20 0.00
29 8/ 1/02 36,000,000.00 278,161.20 0.00
30 9/ 1/02 36,000,000.00 278,161.20 0.00
31 10/ 1/02 36,000,000.00 278,161.20 0.00
32 11/ 1/02 36,000,000.00 278,161.20 0.00
33 12/ 1/02 36,000,000.00 278,161.20 0.00
34 1/ 1/03 36,000,000.00 278,161.20 0.00
35 2/ 1/03 36,000,000.00 278,161.20 0.00
36 3/ 1/03 36,000,000.00 278,161.20 0.00
37 4/ 1/03 36,000,000.00 278,161.20 0.00
38 5/ 1/03 36,000,000.00 278,161.20 0.00
39 6/ 1/03 36,000,000.00 278,161.20 0.00
40 7/ 1/03 36,000,000.00 278,161.20 0.00
41 8/ 1/03 36,000,000.00 278,161.20 0.00
42 9/ 1/03 36,000,000.00 278,161.20 0.00
43 10/ 1/03 36,000,000.00 278,161.20 0.00
44 11/ 1/03 36,000,000.00 278,161.20 0.00
45 12/ 1/03 36,000,000.00 278,161.20 0.00
46 1/ 1/04 36,000,000.00 278,161.20 0.00
AVG LIFE:
9.327
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
175% MHP
------------------------------------------------
Class M-2
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
47 2/ 1/04 36,000,000.00 278,161.20 0.00
48 3/ 1/04 36,000,000.00 278,161.20 0.00
49 4/ 1/04 35,627,065.35 278,161.20 372,934.65
50 5/ 1/04 35,257,544.01 275,279.65 369,521.33
51 6/ 1/04 34,891,416.69 272,424.47 366,127.32
52 7/ 1/04 34,528,630.12 269,595.51 362,786.57
53 8/ 1/04 34,169,153.34 266,792.37 359,476.78
54 9/ 1/04 33,812,955.67 264,014.80 356,197.66
55 10/ 1/04 33,460,019.20 261,262.56 352,936.48
56 11/ 1/04 33,110,311.07 258,535.53 349,708.13
57 12/ 1/04 32,763,791.54 255,833.44 346,519.53
58 1/ 1/05 32,420,431.05 253,155.99 343,360.49
59 2/ 1/05 32,080,440.04 250,502.94 339,991.01
60 3/ 1/05 31,744,272.99 247,875.94 336,167.05
61 4/ 1/05 31,411,171.10 245,278.47 333,101.89
62 5/ 1/05 31,081,105.96 242,704.70 330,065.14
63 6/ 1/05 30,754,057.00 240,154.38 327,048.95
64 7/ 1/05 30,429,988.67 237,627.37 324,068.34
65 8/ 1/05 30,108,873.31 235,123.39 321,115.36
66 9/ 1/05 29,790,703.67 232,642.23 318,169.64
67 10/ 1/05 29,475,587.04 230,183.83 315,116.63
68 11/ 1/05 29,163,396.78 227,749.02 312,190.26
69 12/ 1/05 28,854,078.72 225,336.82 309,318.05
70 1/ 1/06 28,547,651.56 222,946.81 306,427.16
71 2/ 1/06 28,245,471.38 220,579.14 302,180.18
72 3/ 1/06 27,947,276.67 218,244.28 298,194.71
73 4/ 1/06 27,652,965.91 215,940.22 294,310.76
74 5/ 1/06 27,361,594.94 213,666.17 291,370.97
75 6/ 1/06 27,072,885.11 211,414.84 288,709.83
76 7/ 1/06 26,786,817.61 209,184.06 286,067.49
77 8/ 1/06 26,503,362.10 206,973.70 283,455.51
78 9/ 1/06 26,222,494.35 204,783.53 280,867.76
79 10/ 1/06 25,944,190.35 202,613.35 278,304.00
80 11/ 1/06 25,668,426.32 200,462.98 275,764.02
81 12/ 1/06 25,395,178.71 198,332.23 273,247.61
82 1/ 1/07 25,124,446.78 196,220.93 270,731.94
83 2/ 1/07 24,856,332.61 194,129.06 268,114.17
84 3/ 1/07 24,591,113.02 192,057.43 265,219.58
85 4/ 1/07 24,328,313.22 190,008.15 262,799.81
86 5/ 1/07 24,067,910.73 187,977.58 260,402.49
87 6/ 1/07 23,809,883.32 185,965.53 258,027.41
88 7/ 1/07 23,554,208.93 183,971.83 255,674.38
89 8/ 1/07 23,300,865.73 181,996.31 253,343.20
90 9/ 1/07 23,049,832.08 180,038.80 251,033.65
91 10/ 1/07 22,801,086.54 178,099.14 248,745.55
92 11/ 1/07 22,554,607.85 176,177.16 246,478.69
93 12/ 1/07 22,310,374.98 174,272.69 244,232.88
AVG LIFE:
9.327
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
175% MHP
------------------------------------------------
Class M-2
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
94 1/ 1/08 22,068,373.37 172,385.57 242,001.60
95 2/ 1/08 21,828,605.74 170,515.70 239,767.64
96 3/ 1/08 21,591,136.87 168,663.09 237,468.87
97 4/ 1/08 21,355,840.89 166,828.24 235,295.98
98 5/ 1/08 21,122,687.13 165,010.18 233,153.76
99 6/ 1/08 20,891,655.69 163,208.67 231,031.44
100 7/ 1/08 20,662,732.82 161,423.56 228,922.87
101 8/ 1/08 20,435,892.98 159,654.74 226,839.85
102 9/ 1/08 20,211,116.79 157,902.01 224,776.19
103 10/ 1/08 19,988,385.07 156,165.24 222,731.72
104 11/ 1/08 19,767,678.82 154,444.25 220,706.25
105 12/ 1/08 19,548,979.21 152,738.92 218,699.61
106 1/ 1/09 19,332,274.48 151,049.10 216,704.73
107 2/ 1/09 19,119,407.72 149,374.69 212,866.76
108 3/ 1/09 18,910,562.98 147,729.93 208,844.74
109 4/ 1/09 18,703,630.23 146,116.25 206,932.75
110 5/ 1/09 18,498,599.88 144,517.34 205,030.35
111 6/ 1/09 18,295,446.16 142,933.13 203,153.72
112 7/ 1/09 18,094,151.67 141,363.42 201,294.49
113 8/ 1/09 17,894,699.16 139,808.08 199,452.51
114 9/ 1/09 17,697,071.55 138,266.97 197,627.61
115 10/ 1/09 17,501,277.21 136,739.96 195,794.34
116 11/ 1/09 17,307,282.56 135,227.12 193,994.65
117 12/ 1/09 17,115,066.14 133,728.18 192,216.42
118 1/ 1/10 16,924,637.93 132,242.98 190,428.21
119 2/ 1/10 16,707,517.89 130,771.60 217,120.04
120 3/ 1/10 16,494,276.96 129,093.98 213,240.92
121 4/ 1/10 16,283,002.39 127,446.33 211,274.57
122 5/ 1/10 16,073,663.69 125,813.87 209,338.70
123 6/ 1/10 15,866,242.90 124,196.38 207,420.78
124 7/ 1/10 15,660,722.25 122,593.70 205,520.66
125 8/ 1/10 15,457,084.09 121,005.70 203,638.16
126 9/ 1/10 15,255,310.96 119,432.25 201,773.13
127 10/ 1/10 15,055,385.56 117,873.21 199,925.40
128 11/ 1/10 14,857,314.72 116,328.45 198,070.85
129 12/ 1/10 14,661,067.52 114,798.01 196,247.20
130 1/ 1/11 14,466,695.74 113,281.67 194,371.78
131 2/ 1/11 14,274,618.36 111,779.82 192,077.38
132 3/ 1/11 14,084,745.52 110,295.69 189,872.85
133 4/ 1/11 13,896,921.41 108,828.60 187,824.11
134 5/ 1/11 13,710,924.43 107,377.34 185,996.98
135 6/ 1/11 13,526,636.15 105,940.20 184,288.28
136 7/ 1/11 13,344,036.87 104,516.26 182,599.28
137 8/ 1/11 13,163,110.92 103,105.37 180,925.95
138 9/ 1/11 12,983,842.75 101,707.41 179,268.17
139 10/ 1/11 12,806,216.99 100,322.26 177,625.77
140 11/ 1/11 12,630,218.37 98,949.80 175,998.62
AVG LIFE:
9.327
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
175% MHP
------------------------------------------------
Class M-2
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
141 12/ 1/11 12,455,831.78 97,589.91 174,386.58
142 1/ 1/12 12,283,061.88 96,242.48 172,769.90
143 2/ 1/12 12,111,970.69 94,907.53 171,091.19
144 3/ 1/12 11,942,756.46 93,585.56 169,214.24
145 4/ 1/12 11,775,092.37 92,278.10 167,664.09
146 5/ 1/12 11,608,964.03 90,982.61 166,128.34
147 6/ 1/12 11,444,357.17 89,698.98 164,606.86
148 7/ 1/12 11,281,262.17 88,427.11 163,095.00
149 8/ 1/12 11,119,660.47 87,166.93 161,601.70
150 9/ 1/12 10,959,538.19 85,918.28 160,122.28
151 10/ 1/12 10,800,881.58 84,681.06 158,656.60
152 11/ 1/12 10,643,677.03 83,455.17 157,204.55
153 12/ 1/12 10,487,911.04 82,240.50 155,766.00
154 1/ 1/13 0.00 81,036.94 10,487,911.04
===================================================================
TOTALS:
31,132,991.40 36,000,000.00
AVG LIFE:
9.327
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
Class B-1
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
125% MHP 175% MHP
------------------------------------------------ ------------------------------------------------
Month Date Balance Interest Principal Pmt Balance Interest Principal Pmt
- ----- ---- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
0 2/ 8/00 27,000,000.00 27,000,000.00
1 4/ 1/00 27,000,000.00 397,500.00 0.00 27,000,000.00 397,500.00 0.00
2 5/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
3 6/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
4 7/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
5 8/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
6 9/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
7 10/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
8 11/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
9 12/ 1/00 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
10 1/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
11 2/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
12 3/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
13 4/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
14 5/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
15 6/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
16 7/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
17 8/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
18 9/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
19 10/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
20 11/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
21 12/ 1/01 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
22 1/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
23 2/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
24 3/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
25 4/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
26 5/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
27 6/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
28 7/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
29 8/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
30 9/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
31 10/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
32 11/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
33 12/ 1/02 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
34 1/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
35 2/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
36 3/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
37 4/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
38 5/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
39 6/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
40 7/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
41 8/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
42 9/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
43 10/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
44 11/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
45 12/ 1/03 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
46 1/ 1/04 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
AVG LIFE:
7.057 5.701
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
Class B-1
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
125% MHP 175% MHP
------------------------------------------------ ------------------------------------------------
Month Date Balance Interest Principal Pmt Balance Interest Principal Pmt
- ----- ---- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
47 2/ 1/04 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
48 3/ 1/04 27,000,000.00 225,000.00 0.00 27,000,000.00 225,000.00 0.00
49 4/ 1/04 27,000,000.00 225,000.00 0.00 26,207,513.86 225,000.00 792,486.14
50 5/ 1/04 27,000,000.00 225,000.00 0.00 25,422,281.02 218,395.95 785,232.84
51 6/ 1/04 27,000,000.00 225,000.00 0.00 24,644,260.48 211,852.34 778,020.55
52 7/ 1/04 27,000,000.00 225,000.00 0.00 23,873,339.01 205,368.84 770,921.47
53 8/ 1/04 27,000,000.00 225,000.00 0.00 23,109,450.85 198,944.49 763,888.16
54 9/ 1/04 27,000,000.00 225,000.00 0.00 22,352,530.81 192,578.76 756,920.04
55 10/ 1/04 27,000,000.00 225,000.00 0.00 21,602,540.80 186,271.09 749,990.01
56 11/ 1/04 27,000,000.00 225,000.00 0.00 20,859,411.02 180,021.17 743,129.78
57 12/ 1/04 27,000,000.00 225,000.00 0.00 20,123,057.02 173,828.43 736,354.01
58 1/ 1/05 27,000,000.00 225,000.00 0.00 19,393,415.97 167,692.14 729,641.04
59 2/ 1/05 26,405,814.14 225,000.00 594,185.86 18,670,935.08 161,611.80 722,480.89
60 3/ 1/05 25,816,857.57 220,048.45 588,956.57 17,956,580.10 155,591.13 714,354.98
61 4/ 1/05 25,231,379.61 215,140.48 585,477.96 17,248,738.59 149,638.17 707,841.51
62 5/ 1/05 24,649,356.12 210,261.50 582,023.49 16,547,350.16 143,739.49 701,388.43
63 6/ 1/05 24,070,781.34 205,411.30 578,574.78 15,852,371.13 137,894.58 694,979.03
64 7/ 1/05 23,495,613.11 200,589.84 575,168.23 15,163,725.92 132,103.09 688,645.21
65 8/ 1/05 22,923,827.73 195,796.78 571,785.38 14,481,355.78 126,364.38 682,370.14
66 9/ 1/05 22,355,450.96 191,031.90 568,376.77 13,805,245.30 120,677.96 676,110.48
67 10/ 1/05 21,790,790.07 186,295.42 564,660.89 13,135,622.45 115,043.71 669,622.84
68 11/ 1/05 21,229,579.16 181,589.92 561,210.91 12,472,218.15 109,463.52 663,404.30
69 12/ 1/05 20,671,727.85 176,913.16 557,851.31 11,814,917.29 103,935.15 657,300.86
70 1/ 1/06 20,117,325.77 172,264.40 554,402.08 11,163,759.57 98,457.64 651,157.72
71 2/ 1/06 19,569,783.69 167,644.38 547,542.08 10,521,626.68 93,031.33 642,132.89
72 3/ 1/06 19,028,516.47 163,081.53 541,267.22 9,887,962.93 87,680.22 633,663.75
73 4/ 1/06 18,493,342.68 158,570.97 535,173.78 9,262,552.56 82,399.69 625,410.38
74 5/ 1/06 17,961,962.43 154,111.19 531,380.25 8,643,389.24 77,187.94 619,163.32
75 6/ 1/06 17,433,723.38 149,683.02 528,239.06 8,029,880.86 72,028.24 613,508.38
76 7/ 1/06 16,908,618.31 145,281.03 525,105.07 7,421,987.43 66,915.67 607,893.43
77 8/ 1/06 16,386,611.00 140,905.15 522,007.30 6,819,644.47 61,849.90 602,342.96
78 9/ 1/06 15,867,679.96 136,555.09 518,931.04 6,222,800.49 56,830.37 596,843.98
79 10/ 1/06 15,351,803.81 132,230.67 515,876.15 5,631,404.49 51,856.67 591,396.00
80 11/ 1/06 14,838,961.31 127,931.70 512,842.50 5,045,405.94 46,928.37 585,998.55
81 12/ 1/06 14,329,131.34 123,658.01 509,829.97 4,464,754.76 42,045.05 580,651.17
82 1/ 1/07 13,822,350.02 119,409.43 506,781.31 3,889,449.40 37,206.29 575,305.37
83 2/ 1/07 13,318,914.57 115,186.25 503,435.45 3,319,706.79 32,412.08 569,742.61
84 3/ 1/07 12,819,568.17 110,990.95 499,346.40 2,756,115.18 27,664.22 563,591.62
85 4/ 1/07 12,323,148.24 106,829.73 496,419.93 2,197,665.58 22,967.63 558,449.59
86 5/ 1/07 11,829,634.35 102,692.90 493,513.89 1,644,310.30 18,313.88 553,355.28
87 6/ 1/07 11,339,006.20 98,580.29 490,628.15 1,096,002.05 13,702.59 548,308.25
88 7/ 1/07 10,851,243.62 94,491.72 487,762.58 552,693.98 9,133.35 543,308.07
89 8/ 1/07 10,366,326.56 90,427.03 484,917.06 14,339.68 4,605.78 538,354.29
90 9/ 1/07 9,884,235.09 86,386.05 482,091.47 0.00 119.50 14,339.68
91 10/ 1/07 9,404,949.40 82,368.63 479,285.69 0.00 0.00 0.00
92 11/ 1/07 8,928,449.81 78,374.58 476,499.59 0.00 0.00 0.00
93 12/ 1/07 8,454,716.74 74,403.75 473,733.07 0.00 0.00 0.00
AVG LIFE:
7.057 5.701
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
Class B-1
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
125% MHP 175% MHP
------------------------------------------------ ------------------------------------------------
Month Date Balance Interest Principal Pmt Balance Interest Principal Pmt
- ----- ---- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
94 1/ 1/08 7,983,747.24 70,455.97 470,969.50 0.00 0.00 0.00
95 2/ 1/08 7,515,583.35 66,531.23 468,163.89 0.00 0.00 0.00
96 3/ 1/08 7,050,430.25 62,629.86 465,153.10 0.00 0.00 0.00
97 4/ 1/08 6,587,993.31 58,753.59 462,436.93 0.00 0.00 0.00
98 5/ 1/08 6,128,225.97 54,899.94 459,767.34 0.00 0.00 0.00
99 6/ 1/08 5,671,109.37 51,068.55 457,116.60 0.00 0.00 0.00
100 7/ 1/08 5,216,640.63 47,259.24 454,468.74 0.00 0.00 0.00
101 8/ 1/08 4,764,785.24 43,472.01 451,855.39 0.00 0.00 0.00
102 9/ 1/08 4,315,524.68 39,706.54 449,260.56 0.00 0.00 0.00
103 10/ 1/08 3,868,840.55 35,962.71 446,684.13 0.00 0.00 0.00
104 11/ 1/08 3,424,714.56 32,240.34 444,125.99 0.00 0.00 0.00
105 12/ 1/08 2,983,128.52 28,539.29 441,586.04 0.00 0.00 0.00
106 1/ 1/09 2,544,083.23 24,859.40 439,045.29 0.00 0.00 0.00
107 2/ 1/09 2,112,583.36 21,200.69 431,499.86 0.00 0.00 0.00
108 3/ 1/09 1,689,184.99 17,604.86 423,398.37 0.00 0.00 0.00
109 4/ 1/09 1,268,256.62 14,076.54 420,928.37 0.00 0.00 0.00
110 5/ 1/09 849,803.53 10,568.81 418,453.09 0.00 0.00 0.00
111 6/ 1/09 433,786.14 7,081.70 416,017.39 0.00 0.00 0.00
112 7/ 1/09 20,187.48 3,614.88 413,598.66 0.00 0.00 0.00
113 8/ 1/09 0.00 168.23 20,187.48 0.00 0.00 0.00
====================================================================================================================
TOTALS:
19,053,331.58 27,000,000.00 15,391,852.61 27,000,000.00
AVG LIFE:
7.057 5.701
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
Class B-1
- --------------------------------------------------------------------------------
250% MHP
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
0 2/ 8/00 27,000,000.00
1 4/ 1/00 27,000,000.00 397,500.00 0.00
2 5/ 1/00 27,000,000.00 225,000.00 0.00
3 6/ 1/00 27,000,000.00 225,000.00 0.00
4 7/ 1/00 27,000,000.00 225,000.00 0.00
5 8/ 1/00 27,000,000.00 225,000.00 0.00
6 9/ 1/00 27,000,000.00 225,000.00 0.00
7 10/ 1/00 27,000,000.00 225,000.00 0.00
8 11/ 1/00 27,000,000.00 225,000.00 0.00
9 12/ 1/00 27,000,000.00 225,000.00 0.00
10 1/ 1/01 27,000,000.00 225,000.00 0.00
11 2/ 1/01 27,000,000.00 225,000.00 0.00
12 3/ 1/01 27,000,000.00 225,000.00 0.00
13 4/ 1/01 27,000,000.00 225,000.00 0.00
14 5/ 1/01 27,000,000.00 225,000.00 0.00
15 6/ 1/01 27,000,000.00 225,000.00 0.00
16 7/ 1/01 27,000,000.00 225,000.00 0.00
17 8/ 1/01 27,000,000.00 225,000.00 0.00
18 9/ 1/01 27,000,000.00 225,000.00 0.00
19 10/ 1/01 27,000,000.00 225,000.00 0.00
20 11/ 1/01 27,000,000.00 225,000.00 0.00
21 12/ 1/01 27,000,000.00 225,000.00 0.00
22 1/ 1/02 27,000,000.00 225,000.00 0.00
23 2/ 1/02 27,000,000.00 225,000.00 0.00
24 3/ 1/02 27,000,000.00 225,000.00 0.00
25 4/ 1/02 27,000,000.00 225,000.00 0.00
26 5/ 1/02 27,000,000.00 225,000.00 0.00
27 6/ 1/02 27,000,000.00 225,000.00 0.00
28 7/ 1/02 27,000,000.00 225,000.00 0.00
29 8/ 1/02 27,000,000.00 225,000.00 0.00
30 9/ 1/02 27,000,000.00 225,000.00 0.00
31 10/ 1/02 27,000,000.00 225,000.00 0.00
32 11/ 1/02 27,000,000.00 225,000.00 0.00
33 12/ 1/02 27,000,000.00 225,000.00 0.00
34 1/ 1/03 27,000,000.00 225,000.00 0.00
35 2/ 1/03 27,000,000.00 225,000.00 0.00
36 3/ 1/03 27,000,000.00 225,000.00 0.00
37 4/ 1/03 27,000,000.00 225,000.00 0.00
38 5/ 1/03 27,000,000.00 225,000.00 0.00
39 6/ 1/03 27,000,000.00 225,000.00 0.00
40 7/ 1/03 27,000,000.00 225,000.00 0.00
41 8/ 1/03 27,000,000.00 225,000.00 0.00
42 9/ 1/03 27,000,000.00 225,000.00 0.00
43 10/ 1/03 27,000,000.00 225,000.00 0.00
44 11/ 1/03 27,000,000.00 225,000.00 0.00
45 12/ 1/03 27,000,000.00 225,000.00 0.00
46 1/ 1/04 27,000,000.00 225,000.00 0.00
AVG LIFE:
5.242
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
Class B-1
- --------------------------------------------------------------------------------
250% MHP
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
47 2/ 1/04 27,000,000.00 225,000.00 0.00
48 3/ 1/04 27,000,000.00 225,000.00 0.00
49 4/ 1/04 25,883,028.74 225,000.00 1,116,971.26
50 5/ 1/04 24,781,421.38 215,691.91 1,101,607.37
51 6/ 1/04 23,694,995.68 206,511.84 1,086,425.70
52 7/ 1/04 22,623,500.04 197,458.30 1,071,495.64
53 8/ 1/04 21,566,732.06 188,529.17 1,056,767.97
54 9/ 1/04 20,524,492.11 179,722.77 1,042,239.96
55 10/ 1/04 19,496,608.26 171,037.43 1,027,883.85
56 11/ 1/04 18,482,880.58 162,471.74 1,013,727.67
57 12/ 1/04 17,483,097.22 154,024.00 999,783.36
58 1/ 1/05 16,497,069.09 145,692.48 986,028.13
59 2/ 1/05 15,525,093.09 137,475.58 971,976.00
60 3/ 1/05 14,567,952.54 129,375.78 957,140.55
61 4/ 1/05 13,623,984.88 121,399.60 943,967.67
62 5/ 1/05 12,693,011.44 113,533.21 930,973.44
63 6/ 1/05 11,774,871.07 105,775.10 918,140.37
64 7/ 1/05 10,869,374.53 98,123.93 905,496.54
65 8/ 1/05 9,976,350.30 90,578.12 893,024.23
66 9/ 1/05 9,095,667.79 83,136.25 880,682.51
67 10/ 1/05 8,227,416.29 75,797.23 868,251.50
68 11/ 1/05 7,371,237.66 68,561.80 856,178.63
69 12/ 1/05 6,526,916.48 61,426.98 844,321.18
70 1/ 1/06 5,694,376.37 54,390.97 832,540.11
71 2/ 1/06 4,876,053.95 47,453.14 818,322.42
72 3/ 1/06 4,071,324.36 40,633.78 804,729.59
73 4/ 1/06 3,279,856.64 33,927.70 791,467.73
74 5/ 1/06 2,499,769.65 27,332.14 780,086.99
75 6/ 1/06 1,730,439.22 20,831.41 769,330.43
76 7/ 1/06 971,730.34 14,420.33 758,708.88
77 8/ 1/06 223,487.79 8,097.75 748,242.55
78 9/ 1/06 0.00 1,862.40 223,487.79
79 10/ 1/06 0.00 0.00 0.00
80 11/ 1/06 0.00 0.00 0.00
81 12/ 1/06 0.00 0.00 0.00
82 1/ 1/07 0.00 0.00 0.00
83 2/ 1/07 0.00 0.00 0.00
84 3/ 1/07 0.00 0.00 0.00
85 4/ 1/07 0.00 0.00 0.00
86 5/ 1/07 0.00 0.00 0.00
87 6/ 1/07 0.00 0.00 0.00
88 7/ 1/07 0.00 0.00 0.00
89 8/ 1/07 0.00 0.00 0.00
90 9/ 1/07 0.00 0.00 0.00
91 10/ 1/07 0.00 0.00 0.00
92 11/ 1/07 0.00 0.00 0.00
93 12/ 1/07 0.00 0.00 0.00
AVG LIFE:
5.242
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
Lehman Brothers
CONSECO 2000-1 MANUFACTURED HOUSING
Settlement: 2/8/00
Class B-1
- --------------------------------------------------------------------------------
250% MHP
------------------------------------------------
Month Date Balance Interest Principal Pmt
- ----- ---- -------------- -------------- --------------
94 1/ 1/08 0.00 0.00 0.00
95 2/ 1/08 0.00 0.00 0.00
96 3/ 1/08 0.00 0.00 0.00
97 4/ 1/08 0.00 0.00 0.00
98 5/ 1/08 0.00 0.00 0.00
99 6/ 1/08 0.00 0.00 0.00
100 7/ 1/08 0.00 0.00 0.00
101 8/ 1/08 0.00 0.00 0.00
102 9/ 1/08 0.00 0.00 0.00
103 10/ 1/08 0.00 0.00 0.00
104 11/ 1/08 0.00 0.00 0.00
105 12/ 1/08 0.00 0.00 0.00
106 1/ 1/09 0.00 0.00 0.00
107 2/ 1/09 0.00 0.00 0.00
108 3/ 1/09 0.00 0.00 0.00
109 4/ 1/09 0.00 0.00 0.00
110 5/ 1/09 0.00 0.00 0.00
111 6/ 1/09 0.00 0.00 0.00
112 7/ 1/09 0.00 0.00 0.00
113 8/ 1/09 0.00 0.00 0.00
=================================================================
TOTALS:
14,152,772.83 27,000,000.00
AVG LIFE:
5.242
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
CONSECO 2000-1 MANUFACTURED HOUSING
------ Corporate Bond Equivalent Yield Table ------
Lehman Brothers
Bond Class M-1 8.300 FIXED CPN
Current Balance $45,000,000.00
175% MHP
-----------------
PRICE CBE Yield Dur
- ----------- --------- -----
98-29 8.626 6.05
98-30 8.621
98-31 8.615
99-00 8.610
99-01 8.605
99-02 8.600 6.05
99-03 8.594
99-04 8.589
99-05 8.584
99-06 8.579
99-07 8.574 6.06
99-08 8.568
99-09 8.563
99-10 8.558
99-11 8.553
99-12 8.548 6.06
99-13 8.542
99-14 8.537
----------------------
99-15 8.532
99-16 8.527
99-17 8.522 6.06
99-18 8.517
99-19 8.511
99-20 8.506
99-21 8.501
99-22 8.496 6.07
99-23 8.491
99-24 8.486
99-25 8.480
99-26 8.475
99-27 8.470 6.07
99-28 8.465
99-29 8.460
99-30 8.455
99-31 8.449
Average Life: 9.33
First Pay : 4.15
Last Pay : 12.90
1Y 2Y 3Y 5Y 10Y 30Y Price to Call
6.232 6.342 6.420 6.576 6.683 6.693
Notes: All yields and durations are based on MONTHLY payments of interest with
an interest free delay of 0 days. Duration, First Pay, Average Life, and
Maturity are stated in years reflecting a 2/ 8/00 settlement date.
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
CONSECO 2000-1 MANUFACTURED HOUSING
------ Corporate Bond Equivalent Yield Table ------
Lehman Brothers
Bond Class M-1 8.300 FIXED CPN
Current Balance $45,000,000.00
175% MHP
-----------------
PRICE CBE Yield Dur
- ----------- --------- -----
99-29 8.460 6.07
99-30 8.455
99-31 8.449
100-00 8.444
100-01 8.439
100-02 8.434 6.08
100-03 8.429
100-04 8.424
100-05 8.419
100-06 8.414
100-07 8.408 6.08
100-08 8.403
100-09 8.398
100-10 8.393
100-11 8.388
100-12 8.383 6.09
100-13 8.378
100-14 8.373
100-15 8.367
100-16 8.362
100-17 8.357 6.09
100-18 8.352
100-19 8.347
100-20 8.342
100-21 8.337
100-22 8.332 6.09
100-23 8.327
100-24 8.322
100-25 8.316
100-26 8.311
100-27 8.306 6.10
100-28 8.301
100-29 8.296
100-30 8.291
100-31 8.286
Average Life: 9.33
First Pay : 4.15
Last Pay : 12.90
1Y 2Y 3Y 5Y 10Y 30Y Price to Call
6.232 6.342 6.420 6.576 6.683 6.693
Notes: All yields and durations are based on MONTHLY payments of interest with
an interest free delay of 0 days. Duration, First Pay, Average Life, and
Maturity are stated in years reflecting a 2/ 8/00 settlement date.
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
CONSECO 2000-1 MANUFACTURED HOUSING
------ Corporate Bond Equivalent Yield Table ------
Lehman Brothers
Bond Class M-2 9.080 FIXED CPN
Current Balance $36,000,000.00
175% MHP
-----------------
PRICE CBE Yield Dur
- ----------- --------- -----
98-31 9.430 5.83
99-00 9.425
99-01 9.419
99-02 9.414
99-03 9.409
99-04 9.403 5.84
99-05 9.398
99-06 9.392
99-07 9.387
99-08 9.382
99-09 9.376 5.84
99-10 9.371
99-11 9.365
99-12 9.360
99-13 9.355
99-14 9.349 5.84
99-15 9.344
99-16 9.339
99-17 9.333
99-18 9.328
99-19 9.322 5.85
99-20 9.317
99-21 9.312
99-22 9.306
99-23 9.301
99-24 9.296 5.85
99-25 9.290
99-26 9.285
99-27 9.280
99-28 9.274
99-29 9.269 5.86
99-30 9.264
99-31 9.258
100-00 9.253
100-01 9.248
Average Life: 9.33
First Pay : 4.15
Last Pay : 12.90
1Y 2Y 3Y 5Y 10Y 30Y Price to Call
6.232 6.342 6.420 6.576 6.683 6.693
Notes: All yields and durations are based on MONTHLY payments of interest with
an interest free delay of 0 days. Duration, First Pay, Average Life, and
Maturity are stated in years reflecting a 2/ 8/00 settlement date.
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
<PAGE>
CONSECO 2000-1 MANUFACTURED HOUSING
------ Corporate Bond Equivalent Yield Table ------
Lehman Brothers
Bond Class M-2 9.080 FIXED CPN
Current Balance $36,000,000.00
175% MHP
-----------------
PRICE CBE Yield Dur
- ----------- --------- -----
99-31 9.258 5.86
100-00 9.253
100-01 9.248
100-02 9.242
100-03 9.237
100-04 9.232 5.86
100-05 9.226
100-06 9.221
100-07 9.216
100-08 9.210
100-09 9.205 5.87
100-10 9.200
100-11 9.194
100-12 9.189
100-13 9.184
100-14 9.178 5.87
100-15 9.173
100-16 9.168
100-17 9.163
100-18 9.157
100-19 9.152 5.87
100-20 9.147
100-21 9.141
100-22 9.136
100-23 9.131
100-24 9.126 5.88
100-25 9.120
100-26 9.115
100-27 9.110
100-28 9.104
100-29 9.099 5.88
100-30 9.094
100-31 9.089
101-00 9.083
101-01 9.078
Average Life: 9.33
First Pay : 4.15
Last Pay : 12.90
1Y 2Y 3Y 5Y 10Y 30Y Price to Call
6.232 6.342 6.420 6.576 6.683 6.693
Notes: All yields and durations are based on MONTHLY payments of interest with
an interest free delay of 0 days. Duration, First Pay, Average Life, and
Maturity are stated in years reflecting a 2/ 8/00 settlement date.
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
disseminated by Lehman Brothers Inc. and the contents and accuracy thereof have
not been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives and
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or the underlying assets, the
information contained in the Offering Document).
