<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): April 14, 2000
CONSECO FINANCE SECURITIZATIONS CORP.
-------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-85119 and 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.
------------
On April 14, 2000, the Registrant sold approximately $295,500,000
principal amount of Loan-Backed Certificates. The Certificates were
sold pursuant to a Prospectus Supplement dated February 4, 2000 and a
Prospectus dated November 22, 1999 (together, the "Prospectus"). The
Trust property consists of a pool of adjustable rate home equity loans
(the "Loans"), including the right to receive payments due on the
Loans on and after the applicable Cut-off Date as described in the
Pooling and Servicing Agreement dated as of February 1, 2000 (the
"Pooling and Servicing Agreement").
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 On February 1, 2000, the Registrant sold
approximately $295,500,000 Certificates for
Conseco Finance Home Loans, Series 2000-A, issued
by Conseco Finance Securitizations Corp., as
Seller. The Trust property consists of adjustable
rate home equity loans, including the right to
receive payments due on and after the applicable
cut-off date. Filed herewith as Exhibit 99.1 are
tables providing information with respect to the
Subsequent loans and the Loans in the aggregate,
similar to the information provided with respect
to the Initial Loans in the Prospectus Supplement
dated February 4, 2000. Capitalized terms used
herein and not defined have the meanings assigned
in the Pooling and Servicing Agreement.
3
<PAGE>
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
4
<PAGE>
EXHIBIT 99
$295,500,000 (APPROXIMATE)
CERTIFICATES FOR CONSECO FINANCE HOME LOANS
SERIES 2000-A
INFORMATION REGARDING CERTAIN SUBSEQUENT LOANS
Set forth below is information regarding loans transferred to the Trust or
identified for inclusion in the Trust on the Closing Date. The information below
relates to the Loans described in the Prospectus Supplement dated February 4,
2000 and the Subsequent Loans. Unless otherwise defined herein, all capitalized
terms have the meanings set forth in the Pooling and Servicing Agreement and
the Indenture, each dated as of February 1, 2000.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--
SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
LOANS BY
NUMBER OF AGGREGATE PRINCIPAL OUTSTANDING
SUBSEQUENT BALANCE PRINCIPAL
LOANS AS OF OUTSTANDING AS OF BALANCE AS OF
STATE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
- ----- --------------- ------------------- --------------
<S> <C> <C> <C>
Alabama................. 11 $ 806,944.48 5.24%
Arkansas................ 1 67,949.78 0.44
California.............. 13 2,274,199.21 14.78
Colorado................ 1 131,944.43 0.86
Connecticut............. 1 133,600.00 0.87
Florida................. 3 327,546.28 2.13
Georgia................. 10 1,047,857.71 6.81
Idaho................... 2 249,509.53 1.62
Illinois................ 3 438,144.18 2.85
Indiana................. 2 378,250.64 2.46
Kentucky................ 4 264,567.53 1.72
Maryland................ 3 424,966.83 2.76
Massachusetts........... 2 411,000.00 2.67
Michigan................ 1 165,685.20 1.08
Minnesota............... 1 63,071.38 0.41
Mississippi............. 3 380,407.64 2.47
Missouri................ 2 211,010.55 1.37
Montana................. 1 103,163.29 0.67
Nevada.................. 6 564,581.86 3.67
New Hampshire........... 1 73,766.65 0.48
New Jersey.............. 1 57,600.00 0.37
New York................ 2 253,214.47 1.64
North Carolina.......... 8 1,028,540.42 6.68
Ohio.................... 23 2,117,008.29 13.75
Oregon.................. 2 148,765.09 0.97
Pennsylvania............ 1 90,000.00 0.58
Rhode Island............ 2 226,500.00 1.47
South Carolina.......... 1 59,895.73 0.39
Tennessee............... 2 224,272.33 1.46
Texas................... 4 346,965.73 2.25
Utah.................... 2 217,756.39 1.41
Virginia................ 5 917,756.01 5.96
Washington.............. 8 1,116,783.15 7.26
Wyoming................. 1 68,780.00 0.45
--- -------------- ------
Total............... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
Number of % of Subsequent
Subsequent Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Year of Origination off Date as of Cut-off Date Cut-off Date
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
1999..................................... 79 $ 9,342,241.87 60.70%
2000..................................... 54 6,049,762.91 39.30
--- -------------- ------
Total............................... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL LOAN AMOUNTS--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
Original Loan as of Cut- Balance Outstanding Balance as of
Amount (In Dollars) off Date as of Cut-off Date Cut-off Date
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than $20,000.01.................... 1 $ 19,966.39 .13%
$ 20,000.01 to $ 30,000.00 ............. 2 49,607.03 0.32
$ 40,000.01 to $ 50,000.00 ............. 4 193,174.64 1.26
$ 50,000.01 to $ 60,000.00 ............. 15 849,561.57 5.52
$ 60,000.01 to $ 70,000.00 ............. 12 792,285.02 5.15
$ 70,000.01 to $ 80,000.00 ............. 14 1,069,284.73 6.95
$ 80,000.01 to $ 90,000.00 ............. 9 774,233.13 5.03
$ 90,000.01 to $100,000.00 ............. 13 1,249,877.24 8.12
$100,000.01 to $110,000.00 ............. 8 840,708.10 5.46
$110,000.01 to $120,000.00 ............. 8 931,793.29 6.05
$120,000.01 to $130,000.00 ............. 6 739,506.75 4.80
$130,000.01 to $140,000.00 ............. 8 1,080,007.81 7.02
$140,000.01 to $150,000.00 ............. 2 282,563.26 1.84
$150,000.01 to $160,000.00 ............. 6 934,225.69 6.07
$160,000.01 to $170,000.00 ............. 4 661,711.90 4.30
$170,000.01 to $180,000.00 ............. 1 172,911.88 1.12
$180,000.01 to $190,000.00 ............. 4 733,658.73 4.77
$190,000.01 to $200,000.00 ............. 2 395,401.82 2.57
$200,000.01 to $210,000.00 ............. 3 614,547.02 3.99
$210,000.01 to $220,000.00 ............. 1 211,390.71 1.37
$220,000.01 to $230,000.00 ............. 1 222,197.40 1.44
$240,000.01 to $250,000.00 ............. 1 244,710.70 1.59
$250,000.01 to $260,000.00 ............. 1 256,500.00 1.67
$260,000.01 to $270,000.00 ............. 1 263,960.98 1.71
$270,000.01 to $280,000.00 ............. 1 278,710.70 1.81
$280,000.01 to $290,000.00 ............. 2 567,552.95 3.69
$290,000.01 to $300,000.00 ............. 1 292,500.00 1.90
Over $300,000.00 ....................... 2 669,455.34 4.35
--- -------------- ------
Total............................... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
<PAGE>
CURRENT LOAN RATES--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Range of Loan Rates off Date as of Cut-off Date Cut-off Date
- -------------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Below 8.501% .............. 3 $ 199,493.44 1.30%
8.501% to 9.000% .......... 18 2,635,506.89 17.12
9.001% to 9.500% .......... 29 4,157,345.00 27.01
9.501% to 10.000% ......... 42 4,136,226.76 26.87
10.001% to 10.500% ........ 17 1,864,591.43 12.11
10.501% to 11.000% ........ 16 1,585,157.32 10.30
11.001% to 11.500% ........ 7 789,712.83 5.13
12.501% to 13.000% ........ 1 23,971.11 0.16
--- -------------- ------
Total.................. 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Months Remaining to Loans Aggregate Principal Outstanding Principal
Scheduled Maturity as of Cut- Balance Outstanding Balance as of
as of Cut-off Date off Date as of Cut-off Date Cut-off Date
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Between 349 - 360......... 133 $15,392,004.78 100.00%
--- -------------- ------
Total................. 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
<PAGE>
ORIGINAL LOAN-TO-VALUE RATIO--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Loan-to-Value Ratio off Date as of Cut-off Date Cut-off Date
- ------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
60.1% to 70.00% ............ 2 $ 337,281.43 2.19%
70.1% to 80.00% ............ 38 4,255,530.62 27.65
80.1% to 90.00% ............ 66 7,103,313.60 46.15
90.1% to 100.00% ........... 27 3,695,879.13 24.01
--- -------------- ------
Total................... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
MONTH OF NEXT RATE ADJUSTMENT--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
Month of Next as of Cut- Balance Outstanding Balance as of
Rate Adjustment off Date as of Cut-off Date Cut-off Date
--------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
February 2001 ............ 1 $ 79,165.29 0.51%
September 2001 ........... 1 75,783.44 0.49
October 2001 ............. 1 164,619.56 1.07
November 2001 ............ 2 133,627.34 0.87
December 2001 ............ 18 2,538,501.81 16.49
January 2002 ............. 64 7,198,960.32 46.77
February 2002 ............ 40 4,759,049.88 30.92
March 2002 ............... 2 115,050.00 0.75
November 2002 ............ 1 78,972.52 0.51
December 2002 ............ 1 68,765.09 0.45
January 2003 ............. 1 89,509.53 0.58
February 2003 ............ 1 90,000.00 0.58
--- -------------- ------
Total................. 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
<PAGE>
DISTRIBUTION OF GROSS MARGIN--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Inital Loans
Number of Loans Balance Outstanding by Outstanding Principal
Gross Margin as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
4.501% to 5.000% .............. 2 $ 141,580.00 0.92%
5.001% to 5.500% .............. 23 3,362,941.54 21.85
5.501% to 6.000% .............. 29 3,522,960.34 22.89
6.001% to 6.500% .............. 39 4,633,830.16 30.11
6.501% to 7.000% .............. 20 1,908,289.70 12.40
7.001% to 7.500% .............. 12 1,114,373.50 7.24
7.501% to 8.000% .............. 4 265,559.10 1.73
8.001% to 8.500% .............. 4 442,470.44 2.87
--- -------------- ------
Totals..................... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
MAXIMUM LOAN RATES--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Inital Loans
Number of Loans Balance Outstanding by Outstanding Principal
Maximum Loan Rates as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
14.001% to 14.500% ............. 3 $ 199,493.44 1.30%
14.501% to 15.000% ............. 15 2,011,558.74 13.07
15.001% to 15.500% ............. 17 2,065,818.84 13.42
15.501% to 16.000% ............. 36 3,790,914.87 24.63
16.001% to 16.500% ............. 22 3,302,176.16 21.45
16.501% to 17.000% ............. 19 2,093,498.46 13.60
17.001% to 17.500% ............. 8 880,702.43 5.72
17.501% to 18.000% ............. 8 679,362.43 4.41
18.001% to 18.500% ............. 4 344,508.30 2.24
18.501% to 19.000% ............. 1 23,971.11 0.16
--- -------------- ------
Totals...................... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
<PAGE>
MINIMUM LOAN RATES--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
Aggregate Princpal % of Initial Loans by
Number of Loans Balance Outstanding Outstanding Principal
Minimum Loan Rates as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
6.001% to 6.500% 2 $ 157,012.45 1.02%
7.001% to 7.500% 2 236,353.10 1.54
7.501% to 8.000% 2 127,377.13 0.83
8.001% to 8.500% 3 199,493.44 1.30
8.501% to 9.000% 18 2,635,506.89 17.12
9.001% to 9.500% 27 4,000,332.55 25.99
9.501% to 10.000% 42 4,136,226.76 26.87
10.001% to 10.500% 16 1,906,949.03 12.39
10.501% to 11.000% 14 1,457,780.19 9.47
11.001% to 11.500% 6 511,002.13 3.32
12.501% to 13.000% 1 23,971.11 0.16
--- -------------- ------
Totals..................... 133 $15,392,004.78 100.00%
=== ============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--COMBINED LOANS
<TABLE>
<CAPTION>
% OF
AGGREGATE
LOANS BY
NUMBER OF AGGREGATE PRINCIPAL OUTSTANDING
COMBINED BALANCE PRINCIPAL
LOANS AS OF OUTSTANDING AS OF BALANCE AS OF
STATE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
----- ------------ ------------------- -------------
<S> <C> <C> <C>
Alabama................. 79 $ 7,439,682.98 2.48
Arizona................. 64 7,036,278.44 2.35
Arkansas................ 6 461,364.59 0.15
California.............. 257 45,030,768.67 15.01
Colorado................ 130 18,170,145.78 6.06
Connecticut............. 7 1,044,439.33 0.35
Delaware................ 6 554,248.78 0.18
District of Columbia.... 22 2,657,466.72 0.89
Florida................. 65 6,865,705.56 2.29
Georgia................. 134 14,549,950.23 4.85
Idaho................... 15 1,891,325.42 0.63
Illinois................ 122 13,895,387.21 4.63
Indiana................. 109 10,245,150.98 3.42
Iowa.................... 4 456,405.54 0.15
Kansas.................. 28 3,068,661.78 1.02
Kentucky................ 31 2,545,904.53 0.85
Louisiana............... 21 2,403,812.87 0.80
Maine................... 1 71,368.35 0.02
Maryland................ 139 22,248,767.30 7.42
Massachusetts........... 26 3,671,293.41 1.22
Michigan................ 84 7,807,611.82 2.60
Minnesota............... 19 2,314,167.51 0.77
Mississippi............. 24 2,110,374.47 0.70
Missouri................ 46 4,463,899.95 1.49
Montana................. 6 525,054.69 0.18
Nebraska................ 4 248,703.43 0.08
Nevada.................. 48 5,861,149.20 1.95
New Hampshire........... 5 619,512.88 0.21
New Jersey.............. 35 5,636,408.31 1.88
New Mexico.............. 14 1,592,036.40 0.53
New York................ 22 3,488,700.64 1.16
North Carolina.......... 107 11,241,866.59 3.75
Ohio.................... 155 15,573,008.95 5.19
Oklahoma................ 12 936,886.63 0.31
Oregon.................. 64 7,727,290.95 2.58
Pennsylvania............ 41 3,431,504.86 1.14
Rhode Island............ 15 1,842,697.76 0.61
South Carolina.......... 53 4,332,138.01 1.44
Tennessee............... 53 5,050,124.20 1.68
Texas................... 89 8,632,957.70 2.88
Utah.................... 63 8,106,755.67 2.70
Virginia................ 99 15,272,601.54 5.09
Washington.............. 110 14,933,845.97 4.98
West Virginia........... 10 979,492.74 0.33
Wisconsin............... 26 2,641,976.82 0.88
Wyoming................. 3 308,904.64 0.10
----- --------------- ------
Total............... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--COMBINED LOANS
<TABLE>
<CAPTION>
Number of % of Aggregate
Combined Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Year of Origination off Date as of Cut-off Date Cut-off Date
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
1997...................... 1 $ 53,976.39 0.02%
1998...................... 24 2,920,407.20 0.97
1999...................... 2,231 271,309,134.30 90.44
2000...................... 217 25,704,282.91 8.57
----- --------------- ------
Grand Total........... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL LOAN AMOUNTS--COMBINED INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans Aggregate Principal Outstanding Principal
Original Loan as of Cut- Balance Outstanding Balance as of
Amount (In Dollars) off Date as of Cut-off Date Cut-off Date
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
$ 10,000.01 to $ 20,000.00 ....... 4 $ 68,025.67 0.02%
$ 20,000.01 to $ 30,000.00 ....... 21 571,560.10 0.19
$ 30,000.01 to $ 40,000.00 ....... 47 1,708,646.98 0.57
$ 40,000.01 to $ 50,000.00 ....... 64 2,953,621.34 0.98
$ 50,000.01 to $ 60,000.00 ....... 154 8,566,895.80 2.86
$ 60,000.01 to $ 70,000.00 ....... 204 13,298,082.35 4.43
$ 70,000.01 to $ 80,000.00 ....... 231 17,304,696.31 5.77
$ 80,000.01 to $ 90,000.00 ....... 188 16,040,788.18 5.35
$ 90,000.01 to $100,000.00 ....... 225 21,449,505.62 7.15
$100,000.01 to $110,000.00 ....... 173 18,208,762.34 6.07
$110,000.01 to $120,000.00 ....... 178 20,541,241.74 6.85
$120,000.01 to $130,000.00 ....... 143 17,836,010.85 5.95
$130,000.01 to $140,000.00 ....... 119 16,024,204.75 5.34
$140,000.01 to $150,000.00 ....... 86 12,476,937.81 4.16
$150,000.01 to $160,000.00 ....... 93 14,387,910.00 4.80
$160,000.01 to $170,000.00 ....... 69 11,340,378.12 3.78
$170,000.01 to $180,000.00 ....... 75 13,123,237.48 4.37
$180,000.01 to $190,000.00 ....... 55 10,203,002.49 3.40
$190,000.01 to $200,000.00 ....... 42 8,213,324.18 2.74
$200,000.01 to $210,000.00 ....... 41 8,414,738.99 2.81
$210,000.01 to $220,000.00 ....... 45 9,684,621.11 3.23
$220,000.01 to $230,000.00 ....... 34 7,644,745.39 2.55
$230,000.01 to $240,000.00 ....... 29 6,847,086.53 2.28
$240,000.01 to $250,000.00 ....... 29 7,112,994.07 2.37
$250,000.01 to $260,000.00 ....... 24 6,122,403.33 2.04
$260,000.01 to $270,000.00 ....... 20 5,329,619.41 1.78
$270,000.01 to $280,000.00 ....... 11 3,023,266.06 1.01
$280,000.01 to $290,000.00 ....... 11 3,130,932.58 1.04
$290,000.01 to $300,000.00 ....... 16 4,727,694.09 1.58
Over $300,000.00 ................. 42 13,632,867.13 4.54
----- --------------- ------
Total......................... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
<PAGE>
CURRENT LOAN RATES--COMBINED LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Loan Rates off Date as of Cut-off Date Cut-off Date
- -------------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than 8.001% ............ 12 $ 2,104,968.75 0.70%
8.001% to 8.500% ............ 44 5,919,355.82 1.97
8.501% to 9.000% ............ 391 54,530,235.54 18.18
9.001% to 9.500% ............ 423 59,043,729.25 19.68
9.501% to 10.000% ............ 698 83,675,223.22 27.89
10.001% to 10.500% ............ 374 42,270,759.11 14.09
10.501% to 11.000% ............ 301 32,203,717.02 10.74
11.001% to 11.500% ............ 102 10,485,674.49 3.50
11.501% to 12.000% ............ 75 6,263,683.74 2.09
12.001% to 12.500% ............ 19 1,532,436.79 0.51
12.501% to 13.000% ............ 22 1,295,088.31 0.43
13.001% to 13.500% ............ 6 246,920.99 0.08
13.501% to 14.000% ............ 3 316,835.87 0.11
14.001% to 14.500% ............ 2 72,687.93 0.02
Above 14.500% ................. 1 26,483.97 0.01
----- --------------- ------
Total ..................... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--COMBINED INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Months Remaining to Loans Aggregate Principal Outstanding Principal
Scheduled Maturity as of Cut- Balance Outstanding Balance as of
as of Cut-off Date off Date as of Cut-off Date Cut-off Date
------------------- ---------- ------------------- ----------------------
<S> <C> <C> <C>
169 to 180 ...................... 4 $ 435,640.21 0.15%
217 to 228 ...................... 1 234,390.00 0.08
325 to 336 ...................... 1 53,976.39 0.02
337 to 348 ...................... 23 2,696,614.95 0.90
349 to 360 ...................... 2,444 296,567,179.25 98.86
----- --------------- ------
Total ...................... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
<PAGE>
ORIGINAL LOAN-TO-VALUE RATIO--COMBINED LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Initial Loans by
Number of Loans 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 20.00% ............... 1 $ 40,000.00 0.01%
20.01% to 30.00% ............... 1 29,693.87 0.01
30.01% to 40.00% ............... 3 199,467.29 0.07
40.01% to 50.00% ............... 10 886,142.95 0.30
50.01% to 60.00% ............... 12 953,883.72 0.32
60.01% to 70.00% ............... 59 5,140,786.32 1.71
70.01% to 80.00% ............... 523 57,957,970.92 19.32
80.01% to 90.00% ............... 1,243 145,619,072.26 48.54
90.01% to 100.00% ............... 619 88,789,997.65 29.6
Over 100.00% .................... 2 370,785.82 0.12
----- --------------- ------
2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
MONTH OF NEXT RATE ADJUSTMENT--COMBINED LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Combined Loans by
Number of Loans Balance Outstanding Outstanding Principal
Month of Next Rate Adjustment as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ----------------------------- ------------------ ---------------------- ------------------------------
<S> <C> <C> <C>
January 2000.................. 1 $ 53,976.39 0.02%
April 2000.................... 1 118,882.97 0.04
June 2000..................... 4 267,579.12 0.09
July 2000..................... 2 244,291.18 0.08
August 2000................... 1 126,053.89 0.04
September 2000................ 3 246,900.71 0.08
October 2000.................. 3 550,440.31 0.18
November 2000................. 5 733,775.21 0.24
December 2000................. 8 856,540.24 0.29
January 2001.................. 2 287,442.25 0.10
February 2001................. 4 258,177.50 0.09
March 2001.................... 2 345,189.18 0.12
April 2001.................... 1 107,569.19 0.04
May 2001...................... 4 328,450.73 0.11
June 2001..................... 6 639,258.25 0.21
July 2001..................... 9 1,216,024.17 0.41
August 2001................... 14 1,584,030.25 0.53
September 2001................ 41 4,503,844.39 1.50
October 2001.................. 140 16,640,218.03 5.55
November 2001................. 513 59,276,087.48 19.76
December 2001................. 753 91,615,032.63 30.54
January 2002.................. 588 75,934,614.68 25.31
February 2002................. 181 22,653,543.66 7.55
March 2002.................... 8 451,601.15 0.15
May 2002...................... 1 65,348.87 0.02
July 2002..................... 3 375,505.08 0.13
August 2002................... 2 269,276.46 0.09
September 2002................ 4 460,986.98 0.15
October 2002.................. 10 1,338,562.32 0.45
November 2002................. 37 4,066,763.40 1.36
December 2002................. 84 9,811,454.23 3.27
January 2003.................. 33 4,144,657.90 1.38
February 2003................. 5 415,722.00 0.14
----- --------------- ------
Total.................... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
<PAGE>
DISTRIBUTION OF GROSS MARGIN--COMBINED LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Combined Loans
Number of Loans Balance Outstanding by Outstanding Principal
Gross Margin as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
3.501% to 4.000%............ 2 $ 154,333.40 0.05%
4.001% to 4.500%............ 17 2,939,291.25 0.98
4.501% to 5.000%............ 64 8,175,626.98 2.73
5.001% to 5.500%............ 277 37,371,532.04 12.46
5.501% to 6.000%............ 567 77,942,185.13 25.98
6.001% to 6.500%............ 596 71,990,564.73 24.00
6.501% to 7.000%............ 520 59,060,231.64 19.69
7.001% to 7.500%............ 255 26,685,527.43 8.90
7.501% to 8.000%............ 97 9,086,972.55 3.03
8.001% to 8.500%............ 45 4,258,285.66 1.42
8.501% to 9.000%............ 21 1,611,036.81 0.54
9.001% to 9.500%............ 9 523,150.31 0.17
9.501% to 10.000%............ 2 162,578.90 0.05
Above 10.000%................ 1 26,483.97 0.01
----- --------------- ------
Total................... 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
MAXIMUM LOAN RATES--COMBINED LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Combined Loans
Number of Loans Balance Outstanding by Outstanding Principal
Maximum Loan Rates as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
Below 12.501%............... 3 $ 450,287.43 0.15%
12.501% to 13.000%.......... 5 909,911.97 0.30
13.001% to 13.500%.......... 1 96,260.90 0.03
13.501% to 14.000%.......... 7 884,820.22 0.29
14.001% to 14.500%.......... 34 4,744,573.56 1.58
14.501% to 15.000%.......... 284 39,197,368.35 13.07
15.001% to 15.500%.......... 282 38,184,881.22 12.73
15.501% to 16.000%.......... 557 69,450,671.42 23.15
16.001% to 16.500%.......... 411 51,389,318.61 17.13
16.501% to 17.000%.......... 416 47,709,568.69 15.90
17.001% to 17.500%.......... 175 19,113,332.86 6.37
17.501% to 18.000%.......... 170 17,182,297.97 5.73
18.001% to 18.500%.......... 46 4,345,947.62 1.45
18.501% to 19.000%.......... 48 3,925,374.76 1.31
19.001% to 19.500%.......... 16 1,113,726.75 0.37
19.501% to 20.000%.......... 6 327,517.83 0.11
20.001% to 20.500%.......... 5 442,533.08 0.15
20.501% to 21.000%.......... 3 196,976.19 0.07
21.001% to 21.500%.......... 1 53,900.00 0.02
21.501% to 22.000%.......... 2 97,883.97 0.03
24.001% to 24.500%.......... 1 170,647.40 0.06
----- --------------- ------
Total.................. 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
<PAGE>
MINIMUM LOAN RATES--COMBINED LOANS
<TABLE>
<CAPTION>
Aggregate Principal % of Combined Loans by
Number of Loans Balance Outstanding Outstanding Principal
Minimum Loan Rates as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ------------------ ------------------ --------------------------
<S> <C> <C> <C>
Less than 5.001%......... 7 $ 842,790.33 0.28%
5.001% to 5.500%....... 59 8,426,977.09 2.81
5.501% to 6.000%....... 66 9,996,134.02 3.33
6.001% to 6.500%....... 72 8,706,555.05 2.90
6.501% to 7.000%....... 71 8,053,597.43 2.68
7.001% to 7.500%....... 45 4,653,651.53 1.55
7.501% to 8.000%....... 35 4,181,515.40 1.39
8.001% to 8.500%....... 51 6,201,078.09 2.07
8.501% to 9.000%....... 309 42,262,005.91 14.09
9.001% to 9.500%....... 375 52,360,626.83 17.45
9.501% to 10.000%....... 609 72,877,923.04 24.29
10.001% to 10.500%....... 324 36,995,522.04 12.33
10.501% to 11.000%....... 258 27,798,303.03 9.27
11.001% to 11.500%....... 83 8,389,354.62 2.80
11.501% to 12.000%....... 60 5,159,666.01 1.72
12.001% to 12.500%....... 15 1,124,083.31 0.37
12.501% to 13.000%....... 22 1,295,088.31 0.43
13.001% to 13.500%....... 6 246,920.99 0.08
13.501% to 14.000%....... 3 316,835.87 0.11
14.001% to 14.500%....... 2 72,687.93 0.02
Above 14.500%............ 1 26,483.97 0.01
----- --------------- ------
Total.............. 2,473 $299,987,800.80 100.00%
===== =============== ======
</TABLE>
