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Previous: CONSECO FINANCE SECURITIZATIONS CORP, 8-K, 2000-07-24 |
Next: AVICI SYSTEMS INC, S-1/A, 2000-07-24 |
<PAGE>
EXHIBIT 99.1
CONSECO FINANCE CORP.
CERTIFICATE REGARDING REPURCHASED CONTRACTS
The undersigned certifies that she is Senior Vice President and Treasurer of
Conseco Finance Corp., a Minnesota corporation (the "Company"), and that as such
he is duly authorized to execute and deliver this certificate on behalf of the
Company pursuant to Section 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated as of June 1, 2000 between the Company and U S Bank Trust
National Association, as Trustee of Home Equity Loan Trust 2000-C (all
capitalized terms used herein without definition having the respective meanings
specified in the Agreement), and further certifies that:
1. The contracts on the attached schedule are to be repurchased by the
Company on the date hereof pursuant to Sections 3.05 of the Agreement.
2. Upon deposit of the Repurchase Price for such Contracts, such Contracts
may, pursuant to Section 8.06 of the Agreement, be assigned by the
Trustee to the Company.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 12th day of July,
2000.
CONSECO FINANCE CORP.
BY: /s/ Phyllis A. Knight
-------------------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
CONSECO FINANCE CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that she is Senior Vice President and Treasurer of
Conseco Finance Corp., a Minnesota corporation (the "Company"), and that as such
he is duly authorized to execute and deliver this certificate on behalf of the
Company pursuant to Section 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated as of June 1, 2000 between the Company and U S Bank Trust
(N.A), as Trustee of Home Equity Loan Trust 2000-C (all capitalized terms used
herein without definition having the respective meanings specified in the
Agreement), and further certifies that:
1. The Monthly Report for the period from June 1, 2000 to June 30, 2000
attached to this certificate is complete and accurate in accordance
with the requirements of Sections 6.01 and 6.02 of the Agreement; and
2. As of the date hereof, no Event of Termination or event that with
notice or lapse of time or both would become an Event of Termination
has occurred.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 12th day of July,
2000.
CONSECO FINANCE CORP.
BY: /s/ Phyllis A. Knight
---------------------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
1. Amount Available (including Monthly Servicing Fee and including $ 6,188,932.36
Prepayment Charges ($__________)) --------------
2. Formula Principal Distribution Amount:
(a) Scheduled Principal $ 175,703.34
--------------
(b) Principal Prepayments 1,645,890.86
--------------
(c) Substituted Loans 537,074.97
--------------
(d) Repurchases 213,671.87
--------------
(e) Previously undistributed (a)-(d) amounts 0.00
--------------
(f) Pre-Funded Amount, if any
(Only on Post-Funding Payment Date) 0.00
--------------
Total Principal $ 2,572,341.04
--------------
3. Libor 6.09797%
--------------
4. Available Funds Pass-Through Rate 6.09797%
--------------
Class A Certificates
--------------------
Interest
5. Aggregate Current Interest
(a) Class A Pass-through Rate 6.41797%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus .37%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class A-1 Interest $ 2,105,522.02
--------------
6. Amount applied to Unpaid Class A Interest Shortfall $ 0.00
--------------
7. Remaining Unpaid Class A Interest Shortfall $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 2
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
Class MB-1 Certificates
-----------------------
8. Amount Available less all preceding distributions and less
Prepayment Charges $ 4,083,410.34
--------------
Interest on Class MB-1 Adjusted Principal Balance
9. Class MB-1 Adjusted Principal Balance $25,400,000.00
--------------
10. Current Interest
(a) Class MB-1 Pass-through Rate 6.48797%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus .75%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class MB-1 Interest $ 173,949.68
--------------
11. Amount applied to Unpaid Class MB-1 Interest Shortfall $ 0.00
--------------
12. Remaining Unpaid Class MB-1 Interest Shortfall $ 0.00
--------------
Class MB-2 Certificates
-----------------------
13. Amount Available less all preceding distributions and less
Prepayment Charges $ 3,909,460.66
--------------
Interest on Class MB-2 Adjusted Principal Balance
14. Class MB-2 Adjusted Principal Balance $24,400,000.00
--------------
15. Current Interest
(a) Class MB-2 Pass-through Rate 6.78797%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus 1.60%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class MB-2 Interest $ 174,827.94
--------------
16. Amount applied to Unpaid Class MB-2 Interest Shortfall $ 0.00
--------------
17. Remaining Unpaid Class MB-2 Interest Shortfall $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 3
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
Class BB-1 Certificates
-----------------------
18. Amount Available less all preceding distributions and less
Prepayment Charges $ 3,734,632.72
---------------
Interest on Class BB-1 Adjusted Principal Balance
19. Class BB-1 Adjusted Principal Balance $ 10,200,000.00
---------------
20. Current Interest
(a) Class BB-1 Pass-through Rate 7.49797%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus 2.05%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class BB-1 Interest $ 80,728.14
---------------
21. Amount applied to Unpaid Class BB-1 Interest Shortfall $ 0.00
---------------
22. Remaining Unpaid Class BB-1 Interest Shortfall $ 0.00
---------------
Class P Certificates
23. Prepayment Charges $ 0.00
(All prepayment premiums, penalties, and similar charges paid in ---------------
connection with, and as a condition to, prepayment in part or in full
of a Loan)
Trigger Event
24. (a) Average Sixty-Day Deliquency Ratio Test
(i) Sixty-Day Delinquency Ratio for current Payment Date 0.25%
---------------
(ii) Average Sixty-Day Delinquency Ratio Test (arithmetic average of
ratios for this month and two preceding months may not exceed
40% of the Senior Enhancement Percentage for the Variable
Rate Loans) 0.08%
---------------
(b) Cumulative Realized Losses Test
(i) Cumulative Realized Losses for current Payment Date $ 0.00
---------------
(ii) Cumulative Realized Loss Ratio (Losses as a percentage of
Cut-off Date Principal Balances of Fixed Rate Loans may not
exceed 4.20% from July 1, 2003 to June30, 2004, 5.00% from
July 1, 2004 to June 30, 2005, 5.25% from July 1, 2005 to
June 30, 2007, and 5.75% thereafter) 0.00%
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 4
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
25. Senior Enhancement Percentage
A fraction, expressed as a percentage obtained by dividing: 22.44433622%
---------------
(i) the excess of
(A) the Pool Scheduled Principal Balance over
(B) the principal balance of the most senior class of
certificates outstanding, by, $ 89,200,000.00
---------------
(ii) the denominator of which is the Pool Scheduled Principal Balance. $397,427,658.96
---------------
Class A Certificates
--------------------
26. Amount Available less all preceding distributions $ 3,653,904.58
---------------
Principal
27. Class A Principal Distribution:
(a) Class A Formula Principal Distribution Amount $ 2,572,341.04
---------------
28. Class A Principal Balance $308,227,658.96
---------------
29. Amount, if any, by which Class A-1 Formula Principal Distribution Amount
exceeds Class A Principal Distibution Amount $ 0.00
---------------
Class MB-1 Certificates
-----------------------
30. Amount available less all preceding distributions $ 1,081,563.54
---------------
Principal
31. Class MB-1 Principal Distribution $ 0.00
---------------
32. Class MB-1 Principal Balance $ 25,400,000.00
---------------
33. Amount, if any, by which Class MB-1 Formula Principal Distribution Amount
exceeds Class MB-1 Principal Distibution Amount $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 5
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
Class MB-2 Certificates
-----------------------
34. Amount available less all preceding distributions $ 1,081,563.54
--------------
Principal
35. Class MB-2 Principal Distribution $ 0.00
--------------
36. Class MB-2 Principal Balance $24,400,000.00
--------------
37. Amount, if any, by which Class MB-2 Formula Principal Distribution Amount
exceeds Class MB-2 Principal Distibution Amount $ 0.00
--------------
Class BB-1 Certificates
-----------------------
38. Amount available less all preceding distributions $ 1,081,563.54
--------------
Principal
39. Class BB-1 Principal Distribution $ 0.00
--------------
40. Class BB-1 Principal Balance $10,200,000.00
--------------
41. Amount, if any, by which Class BB-1 Formula Principal Distribution Amount
exceeds Class BB-1 Principal Distibution Amount $ 0.00
--------------
Class MB-1 Certificates
-----------------------
42. Amount Available less all preceding distributions $ 1,081,563.54
--------------
Liquidation Loss Interest
43. Amount applied to Class MB-1 Liquidation Loss Interest Amount $ 0.00
--------------
44. Class MB-1 Liquidation Loss Interest Shortfall $ 0.00
--------------
45. Amount applied to Unpaid Class MB-1 Liquidation Loss Interest Shortfall $ 0.00
--------------
46. Remaining Unpaid Class MB-1 Liquidation Loss Interest Shortfall $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 6
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
Class MB-2 Certificates
-----------------------
47. Amount Available less all preceding distributions $ 1,081,563.54
--------------
Liquidation Loss Interest
48. Amount applied to Class MB-2 Liquidation Loss Interest Amount $ 0.00
--------------
49. Class MB-2 Liquidation Loss Interest Shortfall $ 0.00
--------------
50. Amount applied to Unpaid Class MB-2 Liquidation Loss Interest Shortfall $ 0.00
--------------
51. Remaining Unpaid Class MB-2 Liquidation Loss Interest Shortfall $ 0.00
--------------
Class BB-1 Certificates
-----------------------
52. Amount Available less all preceding distributions $ 1,081,563.54
--------------
Liquidation Loss Interest
53. Amount applied to Class BB-1 Liquidation Loss Interest Amount $ 0.00
--------------
54. Class BB-1 Liquidation Loss Interest Shortfall $ 0.00
--------------
55. Amount applied to Unpaid Class BB-1 Liquidation Loss Interest Shortfall $ 0.00
--------------
56. Remaining Unpaid Class BB-1 Liquidation Loss Interest Shortfall $ 0.00
--------------
Class BB-2 Certificates
-----------------------
57. Amount Available less all preceding distributions $ 1,081,563.54
--------------
Interest
58. Current Interest
(a) Class BB-2 Pass-through Rate 9.09797%
(floating rate per annum equal to the lesser of (a) LIBOR plus --------
2.05% or (b) the Available Funds Pass-Through Rate, but in no
event greater than 14%)
(b) Class BB-2 Interest $ 222,799.18
--------------
59. Amount applied to Unpaid Class BB-2 Interest Shortfall $ 0.00
--------------
60. Remaining Unpaid Class BB-2 Interest shortfall $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 7
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
Principal
61. Class BB-2 Principal Distribution $ 0.00
--------------
62. Amount, if any, by which Class BB-2 Formula Distribution Amount
exceeds Class BB-2 Distribution Amount $ 0.00
--------------
63. Class BB-2 Guaranty Payment $ 0.00
--------------
64. Class BB-2 Principal Balance $23,200,000.00
--------------
Class A-1 Certificates
----------------------
65. Amount Available less all preceding distributions $ 858,764.36
--------------
Available Funds Cap Carryover Amount
66. (a) Class A Available Funds Cap Carryover Amount $ 0.00
--------------
(b) Amount applied to Class A Available Funds Cap Carryover Amount $ 0.00
--------------
(c) Class A Available Funds Cap Carryover Amount remaining unpaid $ 0.00
--------------
Class MB-1 Certificates
-----------------------
67. Amount Available less all preceding distributions $ 858,764.36
--------------
Available Funds Cap Carryover Amount
68. (a) Class MB-1 Available Funds Cap Carryover Amount $ 0.00
--------------
(b) Amount applied to Class MB-1 Available Funds Cap Carryover Amount $ 0.00
--------------
(c) Class MB-1 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
--------------
Class MB-2 Certificates
-----------------------
69. Amount Available less all preceding distributions $ 858,764.36
--------------
Available Funds Cap Carryover Amount
70. (a) Class MB-2 Available Funds Cap Carryover Amount $ 0.00
--------------
(b) Amount applied to Class MB-2 Available Funds Cap Carryover Amount $ 0.00
--------------
(c) Class MB-2 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 8
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
Class BB-1 Certificates
-----------------------
71. Amount Available less all preceding distributions $ 858,764.36
---------------
Available Funds Cap Carryover Amount
72. (a) Class BB-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(b) Amount applied to Class BB-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(c) Class BB-1 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
---------------
Servicer
73. (a) Monthly Servicing Fee .50% (if Originator or affiliate is Servicer) $ 166,666.67
---------------
(b) Reimbursement for unreimbursed Advances $ 0.00
---------------
Class A, Class M, and Class B Certificates
------------------------------------------
74. Pool Scheduled Principal Balance $397,427,658.96
---------------
Pool Certificate Balance $391,427,658.96
---------------
75. Pool Factors
(a) Class A Pool Factor .99172348
---------------
(b) Class MB-1 Pool Factor 1.00000000
---------------
(c) Class MB-2 Pool Factor 1.00000000
---------------
(d) Class BB-1 Pool Factor 1.00000000
---------------
(e) Class BB-2 Pool Factor 1.00000000
---------------
76. Loans Delinquent:
(a) 31-59 days 1,887,791.00 23
------------------- ------------
(b) 60-89 days 845,746.00 7
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
77. Principal Balance of Defaulted Loans $ 144,851.76
---------------
78. Principal Balance of Loans with Extensions $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-C
MONTHLY REPORT June 2000
PAGE 9
Distribution Date: 7/17/00
CUSIP# 20846Q CW6 CX4
CY2 CZ9 DA3
Trust Account: 33382550
<TABLE>
<CAPTION>
<S> <C> <C>
78. Liquidated Loans
(a) Number of Liquidated Loans # 0
--------------
(b) Aggregate Unpaid Principal Balance $ 0.00
--------------
(c) REO $ 0.00
--------------
(d) Net Liquidation Loss $ 0.00
--------------
79. Number of Loans Remaining 3,075
--------------
80. Pre-Funded $33,995,134.05
--------------
81. Reimbursement of Class C Certificateholder expenses $ 0.00
--------------
Class P Certificates
--------------------
82. Class P Principal Distribution $ 0.00
--------------
83. Class P Principal Balance $ 100.00
--------------
Class C Certificate
-------------------
84. Class C Master Distribution Amount $ 692,097.69
--------------
85. Servicer Termination Trigger Event
(a) Cumulative Realized Loss Ratio
(Trigger event exists if ratio exceeds 10%) 0.00%
--------------
(b) Aggregate Unpaid Principal Balance of Loans delinquent more than
60 days as percentage of Cut-off Date Pool Principal Balance
(trigger event exists if exceeds 18%) 0.00%
--------------
</TABLE>
Please contact the Bondholder Relations Department of U.S. Bank Trust
National Association at (612) 224-0444 with any questions regarding
this Statement or your Distribution.
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