<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5, 2000
CONSECO FINANCE SECURITIZATIONS CORP.
as seller of Manufactured Housing Contract
Senior/Subordinate Pass-Through Certificates Series 2000-1
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Minnesota (333-85037/333-85037-01) 41-1807858
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
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(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant.
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Not applicable.
Item 2. Acquisition or Disposition of Assets.
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Not applicable.
Item 3. Bankruptcy or Receivership.
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Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
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Not applicable.
Item 5. Other Events.
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Not applicable.
Item 6. Resignations of Registrant's Directors.
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Not applicable.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
2
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(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
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99.1 Information with respect to certain manufactured
housing installment loan agreements transferred to
the trust formed in connection with the Manufactured
Housing Contract Senior/Subordinate Pass-Through
Certificates, Series 2000-1, issued by Conseco
Finance Securitizations Corp., as Seller, and
Conseco Finance Corp., as Servicer and Originator.
99.2 Amendment No. 1 to Pooling and Servicing Agreement
dated February 1, 2000 relating to a correction of
an error in Section 3.04(b).
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
<PAGE>
INDEX TO EXHIBITS
EXHIBIT NUMBER
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99.1 Information with respect to certain manufactured housing
installment loan agreements transferred to the trust formed
in connection with the Manufactured Housing Contract
Senior/Subordinate Pass-Through Certificates, Series 2000-1,
issued by Conseco Finance Securitizations Corp., as Seller,
and Conseco Finance Corp., as Servicer and Originator.
99.2 Amendment No. 1 to Pooling and Servicing Agreement dated
February 1, 2000 relating to a correction of an error in
Section 3.04(b).
<PAGE>
EXHIBIT 99.1
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH CERTIFICATES
SERIES 2000-1
INFORMATION REGARDING INITIAL, ADDITIONAL AND SUBSEQUENT CONTRACTS
Set forth below is information regarding the manufactured housing installment
sales contracts and installment loan agreements transferred to the trust formed
in February 2000, or substituted for some of these contracts, as permitted by
the pooling and servicing agreement, on or before the date of this report and
subsequent contracts transferred to the trust after the closing date. The
information below relates to the initial contracts described in the prospectus
supplement dated January 19, 2000, the additional contracts transferred to the
trust on the closing date and the subsequent contracts transferred to the trust
on April 5, 2000, which was before the expiration of the pre-funding period.
There will be no more subsequent contracts transferred to the trust after April
5, 2000. Unless otherwise defined herein, all capitalized terms have the
meanings set forth in the prospectus supplement dated January 19, 2000.
<PAGE>
The table below describes additional characteristics of the initial,
additional and subsequent contracts as of the cut-off date. The geographical
distribution of the contract obligors is based on the obligor's billing address.
Geographical Distribution of Contract Obligors
<TABLE>
<CAPTION>
Aggregate
Principal Balance % of Contract Pool
Number of Outstanding by Outstanding
Contracts as of as of Cut- Principal Balance
State Cut-off Date off Date as of Cut-off Date
- ----- --------------- ------------------ ------------------
<S> <C> <C> <C>
Alabama.................... 1,542 $ 48,893,799.73 5.43%
Arizona.................... 500 21,582,339.08 2.40
Arkansas................... 473 15,575,527.16 1.73
California................. 621 26,602,569.60 2.96
Colorado................... 447 22,777,494.52 2.53
Connecticut................ 24 486,886.05 .05
Delaware................... 97 4,185,680.86 .47
District of Columbia....... 2 35,215.50 *
Florida.................... 1,269 57,831,040.52 6.43
Georgia.................... 1,413 58,812,096.47 6.53
Idaho...................... 116 6,458,993.43 .72
Illinois................... 265 9,059,345.94 1.01
Indiana.................... 551 26,783,604.08 2.98
Iowa....................... 199 6,770,526.46 .75
Kansas..................... 215 7,452,104.58 .83
Kentucky................... 496 19,024,945.21 2.11
Louisiana.................. 349 10,920,695.25 1.21
Maine...................... 123 7,009,582.99 .78
Maryland................... 74 2,471,638.84 .27
Massachusetts.............. 20 726,627.36 .08
Michigan................... 1,275 68,106,938.09 7.57
Minnesota.................. 255 9,384,351.16 1.04
Mississippi................ 557 17,842,689.19 1.98
Missouri................... 396 12,417,179.49 1.38
Montana.................... 116 5,293,660.34 .59
Nebraska................... 105 4,465,314.63 .50
Nevada..................... 191 10,304,899.35 1.14
New Hampshire.............. 122 5,657,885.35 .63
New Jersey................. 28 988,413.74 .11
New Mexico................. 408 15,449,745.96 1.72
New York................... 364 15,126,806.85 1.68
North Carolina............. 1,786 72,806,494.97 8.09
North Dakota............... 78 2,869,635.74 .32
Ohio....................... 538 25,028,264.01 2.78
Oklahoma................... 469 17,162,858.09 1.91
Oregon..................... 250 17,451,471.31 1.94
Pennsylvania............... 387 14,466,124.75 1.61
Rhode Island............... 8 255,691.36 .03
South Carolina............. 970 36,428,295.99 4.05
South Dakota............... 125 4,735,344.64 .53
Tennessee.................. 710 27,516,260.16 3.06
Texas...................... 2,184 89,815,779.23 9.98
Utah....................... 79 5,045,456.31 .56
Vermont.................... 72 4,306,041.98 .48
Virginia................... 417 14,459,572.86 1.61
Washington................. 427 29,716,867.37 3.30
West Virginia.............. 229 7,499,182.32 .83
Wisconsin.................. 163 5,533,307.98 .61
Wyoming.................... 135 6,404,660.62 .71
------ ------------------ ------
Total.................... 21,640 $ 899,999,907.47 100.00%
====== ================== ======
</TABLE>
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* Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the contracts as of the cut-off date.
2
<PAGE>
Years of Origination of Contracts
<TABLE>
<CAPTION>
Number of Aggregate % of Contract Pool by
Contracts Principal Balance Outstanding Principal
as of Outstanding Balance as of
Year of Origination Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------ ------------------ ---------------------
<S> <C> <C> <C>
1983..................... 1 $ 14,573.62 *%
1984..................... 0 .00 .00
1985..................... 119 754,363.96 .08
1986..................... 119 757,146.88 .08
1987..................... 8 54,522.34 .01
1988..................... 13 134,494.43 .01
1989..................... 1 14,541.74 *
1990..................... 475 6,350,304.10 .71
1991..................... 388 4,588,154.79 .51
1992..................... 0 .00 .00
1993..................... 0 .00 .00
1994..................... 0 .00 .00
1995..................... 0 .00 .00
1996..................... 2 100,895.34 .01
1997..................... 2 79,150.49 .01
1998..................... 48 3,569,363.88 .40
1999..................... 10,280 530,799,665.25 58.98
2000..................... 10,184 352,782,730.65 39.20
------ --------------- ------
Total................. 21,640 $899,999,907.47 100.00%
====== =============== ======
</TABLE>
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*Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the contracts as of the cut-off date.
The contracts shown in the table above with earlier years of origination
primarily represent contracts Conseco Finance originated and subsequently
refinanced. Conseco Finance retains the first origination dates on its records
for these refinanced contracts.
3
<PAGE>
Distribution of Original Contract Amounts
<TABLE>
<CAPTION>
Number of Aggregate % of Contract Pool by
Contracts Principal Balance Outstanding Principal
Oiginal Contractr as of Outstanding Balance as of
Amunt (in Dollars) Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------ ------------------ ---------------------
<S> <C> <C> <C>
Less than $10,000.00..... 736 $ 5,540,008.90 .62%
Between $10,000.00 and
$19,999.99.............. 3,368 46,139,636.40 5.13
Between $20,000.00 and
$29,999.99.............. 4,209 102,347,981.69 11.37
Between $30,000.00 and
$39,999.99.............. 4,080 139,949,546.83 15.55
Between $40,000.00 and
$49,999.99.............. 2,638 117,159,175.42 13.02
Between $50,000.00 and
$59,999.99.............. 2,116 115,491,591.92 12.83
Between $60,000.00 and
$69,999.99.............. 1,433 92,162,695.94 10.24
Between $70,000.00 and
$79,999.99.............. 1,029 76,665,793.83 8.52
Between $80,000.00 and
$89,999.99.............. 718 60,722,527.82 6.75
Between $90,000.00 and
$99,999.99.............. 528 49,865,292.02 5.54
Between $100,000.00 and
$109,999.99............. 299 31,284,476.87 3.48
Between $110,000.00 and
$119,999.99............. 199 22,724,329.71 2.52
Between $120,000.00 and
$129,999.99............. 123 15,294,605.94 1.70
Between $130,000.00 and
$139,999.99............. 69 9,311,150.09 1.03
Between $140,000.00 and
$149,999.99............. 32 4,619,365.37 .51
Between $150,000.00 and
$159,999.99............. 33 5,117,550.92 .57
Between $160,000.00 and
$169,999.99............. 10 1,646,563.11 .18
Between $170,000.00 and
$179,999.99............. 9 1,563,344.88 .17
Between $180,000.00 and
$189,999.99............. 3 562,628.15 .06
Between $190,000.00 and
$199,999.99............. 2 391,097.25 .04
Between $200,000.00 and
$249,999.99............. 5 1,126,313.05 .13
Between $250,000.00 and
$299,999.99............. 0 .00 .00
Between $300,000.00 and
$349,000.99............. 1 314,231.36 .03
------ --------------- ------
Total................. 21,640 $899,999,907.47 100.00%
====== =============== ======
</TABLE>
Distribution of Original Loan-to-Value Ratios of Contracts
The loan-to-value ratio in the table below is rounded to the nearest 1%.
<TABLE>
<CAPTION>
Aggregate Principal % of Contract Pool by
Number of Contracts Balance Outstanding Outstanding Principal
Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------- ------------------- --------------------------
<S> <C> <C> <C>
Less than 61%........... 778 $ 27,922,445.13 3.10%
61% to 65%.............. 251 11,013,621.24 1.22
66% to 70%.............. 339 14,850,547.59 1.65
71% to 75%.............. 567 27,551,907.66 3.06
76% to 80%.............. 1,813 76,607,919.61 8.51
81% to 85%.............. 1,454 64,848,939.95 7.21
86% to 90%.............. 6,818 288,643,455.87 32.07
91% to 95%.............. 6,474 282,874,873.64 31.43
96% to 100%............. 3,146 105,686,196.78 11.74
------ --------------- ------
Total................ 21,640 $899,999,907.47 100.00%
====== =============== ======
</TABLE>
4
<PAGE>
Contract Rates
<TABLE>
<CAPTION>
Aggregate Principal % of Contract Pool by
Range of Contracts by Number of Contracts Balance Outstanding Outstanding Principal
Contract Rate as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- --------------------- ------------------- ------------------- --------------------------
<S> <C> <C> <C>
5.00001% to 6.00000%.... 11 $ 1,022,815.29 .11%
6.00001% to 7.00000%.... 92 8,447,761.14 .94
7.00001% to 8.00000%.... 1,463 123,916,700.76 13.77
8.00001% to 9.00000%.... 1,335 107,192,146.28 11.91
9.00001% to 10.00000%... 1,632 98,790,188.58 10.98
10.00001% to 11.00000%.. 2,642 132,028,519.39 14.67
11.00001% to 12.00000%.. 3,004 121,038,920.45 13.45
12.00001% to 13.00000%.. 3,289 110,226,062.26 12.25
13.00001% to 14.00000%.. 3,158 86,780,441.94 9.64
14.00001% to 15.00000%.. 2,935 65,718,026.65 7.30
15.00001% to 16.00000%.. 964 23,122,688.83 2.57
16.00001% to 17.00000%.. 635 14,241,210.68 1.58
Over 17.00000%.......... 480 7,474,425.22 .83
------ --------------- ------
Total................ 21,640 $899,999,907.47 100.00%
====== =============== ======
</TABLE>
Remaining Months to Maturity of Contracts
<TABLE>
<CAPTION>
Aggregate Principal % of Contract Pool by
Months Remaining Number of Contracts Balance Outstanding Outstanding Principal
As of Cut-off Date as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ------------------- ------------------- --------------------------
<S> <C> <C> <C>
Less than 31............ 294 $ 712,476.93 .08%
31 to 60................ 562 5,210,378.21 .58
61 to 90................ 873 11,204,522.53 1.24
91 to 120............... 1,409 22,679,195.39 2.52
121 to 150.............. 449 9,701,703.08 1.08
151 to 180.............. 2,168 49,899,376.38 5.54
181 to 210.............. 13 527,597.77 .06
211 to 240.............. 2,460 73,846,647.15 8.21
241 to 270.............. 10 478,690.91 .05
271 to 300.............. 1,864 65,225,894.40 7.25
301 to 330.............. 16 852,603.78 .09
331 to 360.............. 11,522 659,660,820.94 73.30
------ --------------- ------
Total................ 21,640 $899,999,907.47 100.00%
====== =============== ======
</TABLE>
5
<PAGE>
EXHIBIT 99.2
AMENDMENT NO. 1
TO
POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 1, 2000
AMONG
CONSECO FINANCE SECURITIZATIONS CORP., AS SELLER,
CONSECO FINANCE CORP. AS ORIGINATOR, SERVICER AND GUARANTOR
AND
U.S. BANK NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY
BUT SOLELY AS TRUSTEE OF
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE PASS-THROUGH
CERTIFICATES, SERIES 2000-1
This Amendment No. 1 to the Pooling and Servicing Agreement, dated as of
February 1, 2000 (the "Pooling and Servicing Agreement"), among Conseco Finance
Corp. (the "Originator"), Conseco Finance Securitizations Corp. (the "Seller"),
and U.S. Bank National Association, not in its individual capacity but solely as
trustee, is entered into among the Originator, the Seller and U.S. Bank National
Association as of the 4th day of April, 2000. Any capitalized terms not
otherwise defined herein shall have the meanings given them in the Pooling and
Servicing Agreement.
WHEREAS, U.S. Bank National Association is acting as Trustee under the
Pooling and Servicing Agreement.
WHEREAS, Section 12.07(a) of the Pooling and Servicing Agreement provides
that such Pooling and Servicing Agreement may be amended, without the consent of
any of the Certificateholders, to correct manifest error.
WHEREAS, it has come to the attention of the Originator and the Seller that
the Pooling and Servicing Agreement contains a manifest error in Section
3.04(b)(ix) with respect to the representations and warranties relating to the
date of origination of the Initial and Additional Contracts.
NOW THEREFORE, the Originator, the Seller and the Trustee agree as follows:
1. Section 3.04(b)(ix) of the Pooling and Servicing Agreement is hereby
amended to state in its entirety as follows:
<PAGE>
(ix) No Initial or Additional Contract was originated before August
31, 1983.
2. This Amendment may be executed in two or more counterparts, each of
which shall be an original, but all of which together shall constitute one and
the same instrument.
CONSECO FINANCE CORP.
By /s/ Timothy R. Jacobson
--------------------------------------
Timothy R. Jacobson
Vice President and Assistant Treasurer
CONSECO FINANCE SECURITIZATIONS
CORP.
By /s/ Timothy R. Jacobson
--------------------------------------
Timothy R. Jacobson
Vice President and Assistant Treasurer
U.S. BANK NATIONAL ASSOCIATION,
not in its individual capacity but solely
as Trustee
By /s/ Laurie A. Howard
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Laurie A. Howard
Vice President
2
