<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 8, 2000
CONSECO FINANCE SECURITIZATIONS CORP.
-------------------------------------
Minnesota 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 Information with respect to certain home equity
loan contracts transferred to the trust formed in
connection with the Certificates for Home Equity
Loans, Series,1999-H, 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
<PAGE>
INDEX TO EXHIBITS
EXHIBIT NUMBER
- --------------
99.1 Information with respect to certain home equity loan
contracts transferred to the trust formed in connection with
the Certificates for Home Equity Loans, Series 1999-H, issued
by Conseco Finance Securitizations Corp., as Seller, and
Conseco Finance Corp., as Servicer.
<PAGE>
EXHIBIT 99.1
CERTIFICATES FOR HOME EQUITY LOANS
SERIES 1999-H
INFORMATION REGARDING INITIAL, ADDITIONAL AND SUBSEQUENT CONTRACTS
Set forth below is information regarding home improvement loan contracts
transferred to the trust formed in November 1999, or substituted for some of
these contracts, as permitted by the pooling and servicing agreement, on or
before the date of this report. The information below relates to both the
initial contracts described in the prospectus supplement dated November 17,
1999, the additional contracts transferred to the trust on the closing date and
the subsequent contracts transferred to the trust on December 28, 1999 and
February 8, 2000. Unless otherwise defined herein, all capitalized terms have
the meanings set forth in the prospectus supplement dated November 17, 1999.
<PAGE>
The tables below show additional characteristics of the fixed rate loans.
Geographical Distribution of Mortgaged Properties--
Initial Fixed Rate Loans
<TABLE>
<CAPTION>
% of
% of Fixed Rate
Fixed Rate- Loans by
Loans Aggregate Principal Outstanding
Number of by Number of Balance Principal
Loans as of Loans as Outstanding as of Balance as of
Cut-off Date of Cut-off Date Cut-off Date Cut-off Date
------------ --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 263 2.58% $ 15,127,094.41 2.52%
Arizona................. 225 2.21 10,523,655.16 1.75
Arkansas................ 125 1.23 7,103,214.64 1.18
California.............. 741 7.27 55,944,526.55 9.32
Colorado................ 266 2.61 15,819,750.44 2.64
Connecticut............. 155 1.52 9,675,734.72 1.61
Delaware................ 55 0.54 4,229,643.06 0.70
District of Columbia.... 20 0.20 1,415,432.72 0.24
Florida................. 564 5.53 35,375,679.62 5.90
Georgia................. 289 2.83 19,874,057.30 3.31
Idaho................... 21 0.21 878,809.50 0.15
Illinois................ 474 4.65 25,513,940.70 4.25
Indiana................. 277 2.72 13,292,268.21 2.22
Iowa.................... 165 1.62 8,326,290.25 1.39
Kansas.................. 167 1.64 7,484,601.33 1.25
Kentucky................ 133 1.30 7,813,544.52 1.30
Louisiana............... 257 2.52 13,701,247.72 2.28
Maine................... 15 0.15 941,254.26 0.16
Maryland................ 183 1.79 11,481,354.75 1.91
Massachusetts........... 120 1.18 7,963,139.06 1.33
Michigan................ 545 5.34 34,243,547.94 5.71
Minnesota............... 152 1.49 8,160,701.55 1.36
Mississippi............. 107 1.05 5,452,152.47 0.91
Missouri................ 312 3.06 15,855,575.19 2.64
Montana................. 21 0.21 1,287,278.79 0.21
Nebraska................ 127 1.25 7,410,842.62 1.24
Nevada.................. 95 0.93 5,200,454.36 0.87
New Hampshire........... 27 0.26 1,925,120.79 0.32
New Jersey.............. 146 1.43 11,827,372.38 1.97
New Mexico.............. 53 0.52 3,950,249.81 0.66
New York................ 461 4.52 27,896,937.19 4.65
North Carolina.......... 334 3.28 19,469,102.42 3.24
North Dakota............ 22 0.22 1,069,004.43 0.18
Ohio.................... 645 6.32 36,357,758.13 6.06
Oklahoma................ 89 0.87 4,580,925.85 0.76
Oregon.................. 48 0.47 3,175,055.01 0.53
Pennsylvania............ 441 4.32 22,505,644.45 3.75
Rhode Island............ 40 0.39 2,037,008.77 0.34
South Carolina.......... 257 2.52 16,287,731.26 2.71
South Dakota............ 28 0.27 1,555,963.29 0.26
Tennessee............... 245 2.40 16,251,606.83 2.71
Texas................... 648 6.35 28,768,530.61 4.79
Utah.................... 97 0.95 5,950,305.22 0.99
Vermont................. 9 0.09 656,532.02 0.11
Virginia................ 314 3.08 17,646,671.75 2.94
Washington.............. 199 1.95 15,207,157.00 2.53
West Virginia........... 51 0.50 2,522,431.91 0.42
Wisconsin............... 121 1.19 6,805,405.71 1.13
Wyoming................. 49 0.48 3,457,622.56 0.58
------ ------ --------------- ------
Total................... 10,198 100.00% $599,999,929.23 100.00%
====== ====== =============== ======
</TABLE>
2
<PAGE>
Years of Origination--Fixed Rate Loans
<TABLE>
<CAPTION>
% of
Number of Fixed Rate 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>
1991...................... 1 $ 17,321.75 *%
1993...................... 1 4,789.71 *
1994...................... 3 83,880.06 0.01
1995...................... 35 1,456,070.15 0.24
1996...................... 113 4,836,217.81 0.81
1997...................... 220 11,018,503.39 1.84
1998...................... 70 4,200,536.99 0.70
1999...................... 9,755 578,382,609.37 96.40
------ --------------- ------
Total................. 10,198 $599,999,929.23 100.00%
====== =============== ======
</TABLE>
- ----------
* Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the fixed rate loans as of the cut-off date.
Distribution of Original Loan Amounts--Fixed Rate Loans
<TABLE>
<CAPTION>
% of
Number of Fixed Rate Loans by
Loans Aggregate Principal Outstanding Principal
Original Loan Amount (in as of Cut- Balance Outstanding Balance as of
Dollars) off Date as of Cut-off Date Cut-off Date
- ------------------------ ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than $ 10,000....... 18 $ 146,553.27 0.02%
$ 10,000 to $ 19,999..... 1,607 23,406,454.47 3.90
$ 20,000 to $ 29,999..... 1,583 38,642,665.77 6.44
$ 30,000 to $ 39,999..... 1,206 41,485,366.49 6.91
$ 40,000 to $ 49,999..... 1,049 46,400,351.92 7.73
$ 50,000 to $ 59,999..... 868 47,142,007.06 7.86
$ 60,000 to $ 69,999..... 768 49,454,841.53 8.24
$ 70,000 to $ 79,999..... 667 49,547,827.41 8.26
$ 80,000 to $ 89,999..... 500 42,021,549.23 7.00
$ 90,000 to $ 99,999..... 394 37,162,379.32 6.19
$100,000 to $109,999..... 322 33,728,656.14 5.62
$110,000 to $119,999..... 246 28,149,827.97 4.69
$120,000 to $129,999..... 195 24,149,946.24 4.02
$130,000 to $139,999..... 143 19,195,948.52 3.20
$140,000 to $149,999..... 132 19,013,595.94 3.17
$150,000 to $159,999..... 94 14,449,633.39 2.41
$160,000 to $169,999..... 79 12,923,374.75 2.15
$170,000 to $179,999..... 44 7,652,492.44 1.28
$180,000 to $189,999..... 42 7,732,959.94 1.29
$190,000 to $199,999..... 47 9,136,559.04 1.52
$200,000 to $209,999..... 38 7,749,029.35 1.29
$210,000 to $219,999..... 27 5,779,642.27 0.96
$220,000 to $229,999..... 22 4,934,875.15 0.82
$230,000 to $239,999..... 23 5,407,167.61 0.90
$240,000 to $249,999..... 14 3,410,615.23 0.57
$250,000 to $259,999..... 14 3,544,351.78 0.59
$260,000 to $269,999..... 6 1,574,700.00 0.26
$270,000 to $279,999..... 4 1,085,000.00 0.18
$280,000 to $289,999..... 5 1,424,300.00 0.24
$290,000 to $299,999..... 4 1,180,048.63 0.20
Over $299,999.......... 37 12,367,208.37 2.06
------ --------------- ------
Total................ 10,198 $599,999,929.23 100.00%
====== =============== ======
</TABLE>
3
<PAGE>
Loan Rates--Fixed Rate Loans
<TABLE>
<CAPTION>
Number of % of
Loans Fixed Rate Loans by
as of Aggregate Principal Outstanding Principal
Cut- Balance Outstanding Balance as of
Range of Loan Rates off Date as of Cut-off Date Cut-off Date
------------------- --------- ------------------- ---------------------
<S> <C> <C> <C>
6.50% to 7.00%............. 1 $ 71,000.00 0.01%
7.01% to 8.00%............. 20 2,016,993.43 0.34
8.01% to 9.00%............. 94 9,053,125.63 1.51
9.01% to 10.00%............. 492 51,968,327.52 8.66
10.01% to 11.00%............ 1,126 102,765,710.76 17.13
11.01% to 12.00%............ 1,892 152,160,196.32 25.36
12.01% to 13.00%............ 1,954 120,940,962.75 20.16
13.01% to 14.00%............ 2,021 78,754,981.79 13.13
14.01% to 15.00%............ 1,544 51,601,793.40 8.60
15.01% to 16.00%............ 565 18,439,097.45 3.07
16.01% to 17.00%............ 259 7,120,075.72 1.19
17.01% to 18.00%............ 131 3,057,852.97 0.51
18.01% to 19.00%............ 75 1,670,469.63 0.28
19.01% to 20.00%............ 22 338,841.86 0.06
Greater than 20.00%......... 2 40,500.00 0.01
------ --------------- ------
Total................... 10,198 $599,999,929.23 100.00%
====== =============== ======
</TABLE>
Remaining Months to Maturity--Fixed Rate Loans
<TABLE>
<CAPTION>
% of
Number of Fixed Rate 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>
1 to 30................... 16 $ 251,790.87 0.04%
31 to 60.................. 152 3,436,387.86 0.57
61 to 90.................. 131 3,778,963.40 0.63
91 to 120................. 724 20,603,868.59 3.43
121 to 150................ 122 5,649,286.61 0.94
151 to 180................ 3,079 170,273.077.74 28.38
181 to 210................ 56 3,043,170.37 0.51
211 to 240................ 3,607 210,648,971.94 35.11
241 to 270................ 3 322,135.04 0.05
271 to 300................ 1,277 84,008,318.93 14.00
301 to 330................ 10 749,267.20 0.12
331 to 360................ 1,021 97,234,690.68 16.21
------ --------------- ------
Total................. 10,198 $599,999,929.23 100.00%
====== =============== ======
</TABLE>
Lien Position--Fixed Rate Loans
<TABLE>
<CAPTION>
% of
Number of Fixed Rate Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Position off Date as of Cut-off Date Cut-off Date
-------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
First..................... 5,906 $471,239,320.81 78.54%
Second.................... 4,206 126,823,272.67 21.14
Third..................... 86 1,937,335.75 0.32
------ --------------- ------
Total................. 10,198 $599,999,929.23 100.00%
====== =============== ======
</TABLE>
4
<PAGE>
Combined Loan-to-Value Ratio--Fixed Rate Loans
<TABLE>
<CAPTION>
% of
Fixed Rate Loans
Number of Aggregate Principal by Outstanding
Loans as of Balance Outstanding Principal Balance
Combined Loan-to-Value Ratio Cut-off Date as of Cut-off Date as of Cut-off Date
- ---------------------------- ------------ ------------------- ------------------
<S> <C> <C> <C>
Less than 10.00%........... 3 $ 54,000.00 0.01%
10.00% to 20.00%............ 27 522,887.19 0.09
20.01% to 30.00%............ 52 1,574,706.38 0.26
30.01% to 40.00%............ 88 2,960,460.28 0.49
40.01% to 50.00%............ 108 4,015,535.26 0.67
50.01% to 60.00%............ 187 8,005,438.45 1.33
60.01% to 70.00%............ 378 16,959,293 14 2.83
70.01% to 80.00%............ 1,234 63,326,782.47 10.55
80.01% to 90.00%............ 2,621 156,619,649.78 26.10
90.01% to 100.00%............ 5,500 345,961,176.28 57.66
------ --------------- ------
Total..................... 10,198 $599,999,929.23 100.00%
====== =============== ======
</TABLE>
5
<PAGE>
The tables below show additional characteristics of the group I adjustable
rate loans.
Geographical Distribution of Mortgaged Properties--
Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of % of
Group I Group I
Adjustable Rate Aggregate Principal Adjustable Rate Loans
Loans by Number Balance by Outstanding Principal
Number of Loans of Loans as Outstanding as of Balance as of
as of Cut-off Date of Cut-off Date Cut-off Date Cut-off Date
------------------ --------------- ------------------- ------------------------
<S> <C> <C> <C> <C>
Alabama................. 71 2.86% $ 6,558,500.74 2.49%
Arizona................. 59 2.37 6,776,855.43 2.58
Arkansas................ 3 0.12 163,294.83 0.06
California.............. 129 5.19 19,005,324.83 7.23
Colorado................ 118 4.75 14,596,208.53 5.55
Connecticut............. 15 0.60 1,731,065.12 0.66
Delaware................ 1 0.04 135,729.04 0.05
District Of Columbia.... 13 0.52 1,767,939.74 0.67
Florida................. 102 4.10 9,927,780.10 3.77
Georgia................. 123 4.95 11,894,931.24 4.52
Idaho................... 12 0.48 984,503.77 0.37
Illinois................ 117 4.71 13,618,905.71 5.18
Indiana................. 118 4.75 9,482,080.02 3.61
Iowa.................... 11 0.44 848,773.90 0.32
Kansas.................. 20 0.80 2,107,684.76 0.80
Kentucky................ 38 1.53 3,114,762.45 1.18
Louisiana............... 31 1.25 2,850,624.13 1.08
Maine................... 3 0.12 331,349.70 0.13
Maryland................ 88 3.54 11,295,014.57 4.29
Massachusetts........... 36 1.45 4,839,854.79 1.84
Michigan................ 166 6.68 15,875,445.82 6.04
Minnesota............... 25 1.01 2,748,539.62 1.05
Mississippi............. 18 0.72 1,415,222.29 0.54
Missouri................ 60 2.41 5,536,760.06 2.11
Montana................. 2 0.08 225,055.00 0.09
Nebraska................ 8 0.32 666,580.71 0.25
Nevada.................. 36 1.45 4,218,664.85 1.60
New Hampshire........... 5 0.20 475,392.14 0.18
New Jersey.............. 19 0.76 2,315,153.00 0.88
New Mexico.............. 5 0.20 443,322.09 0.17
New York................ 22 0.88 3,014,288.99 1.15
North Carolina.......... 113 4.55 12,000,665.75 4.56
Ohio.................... 224 9.01 20,337,320.10 7.73
Oklahoma................ 3 0.12 319,277.00 0.12
Oregon.................. 68 2.74 8,211,809.19 3.12
Pennsylvania............ 73 2.94 6,100,835.14 2.32
Rhode Island............ 24 0.97 2,687,636.12 1.02
South Carolina.......... 58 2.33 4,556,284.66 1.73
Tennessee............... 63 2.53 6,214,739.61 2.36
Texas................... 117 4.71 10,609,599.59 4.03
Utah.................... 58 2.33 7,426,707.20 2.82
Vermont................. 1 0.04 49,467.85 0.02
Virginia................ 66 2.65 7,764,864.80 2.95
Washington.............. 115 4.63 15,040,047.73 5.72
West Virginia........... 8 0.32 700,866.33 0.27
Wisconsin............... 17 0.68 1,426,123.27 0.54
Wyoming................. 4 0.16 586,820.00 0.22
----- ------ --------------- ------
Total............... 2,486 100.00% $262,998,692.31 100.00%
===== ====== =============== ======
</TABLE>
6
<PAGE>
Years of Origination--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Year of Origination as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1997.................... 3 $ 153,361.61 0.06%
1998.................... 74 7,249,633.84 2.76
1999.................... 2,409 255,595,696.86 97.19
----- --------------- ------
Total............... 2,486 $262,998,692.31 100.00%
===== =============== ======
Distribution of Original Loan Amounts--Group I Adjustable Rate Loans
<CAPTION>
% of Group I
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Original Loan Amount Number of Loans Balance Outstanding Balance as of
(in Dollars) as of Cut-off Date as of Cut-off Date Cut-off Date
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
$ 10,000 to $ 19,999.... 5 $ 85,659.65 0.03%
$ 20,000 to $ 29,999.... 21 540,308.98 0.21
$ 30,000 to $ 39,999.... 45 1,569,267.68 0.60
$ 40,000 to $ 49,999.... 121 5,395,286.87 2.05
$ 50,000 to $ 59,999.... 176 9,736,541.96 3.70
$ 60,000 to $ 69,999.... 242 15,733,953.75 5.98
$ 70,000 to $ 79,999.... 259 19,388,187.30 7.37
$ 80,000 to $ 89,999.... 230 19,382,653.31 7.37
$ 90,000 to $ 99,999.... 195 18,490,157.94 7.03
$100,000 to $109,999.... 183 19,187,645.31 7.30
$110,000 to $119,999.... 168 19,331,711.15 7.35
$120,000 to $129,999.... 154 19,152,057.67 7.28
$130,000 to $139,999.... 121 16,318,134.18 6.20
$140,000 to $149,999.... 131 18,926,420.35 7.20
$150,000 to $159,999.... 102 15,777,369.25 6.00
$160,000 to $169,999.... 70 11,502,922.04 4.37
$170,000 to $179,999.... 57 9,923,269.62 3.77
$180,000 to $189,999.... 37 6,779,896.53 2.58
$190,000 to $199,999.... 49 9,553,426.82 3.63
$200,000 to $209,999.... 36 7,385,724.13 2.81
$210,000 to $219,999.... 29 6,219,724.96 2.36
$220,000 to $229,999.... 30 6,744,545.42 2.56
$230,000 to $239,999.... 22 5,154,091.09 1.96
$240,000 to $250,000.... 3 719,736.35 0.27
----- --------------- ------
Total............... 2,486 $262,998,692.31 100.00%
===== =============== ======
</TABLE>
7
<PAGE>
Current Loan Rates--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Range of Loan Rates as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
6.01% to 7.00%............ 1 $ 83,700.00 0.03%
7.01% to 8.00%............ 22 2,810,693.01 1.07
8.01% to 9.00%............ 413 47,754,374.45 18.16
9.01% to 10.00%............ 1,090 117,759,719.29 44.78
10.01% to 11.00%............ 719 74,450,545.59 28.31
11.01% to 12.00%............ 199 17,514,387.08 6.66
12.01% to 13.00%............ 34 2,212,940.93 0.84
13.01% to 14.00%............ 6 250,313.70 0.10
14.01% to 15.00%............ 2 162,018.26 0.06
----- --------------- ------
Total................... 2,486 $262,998,692.31 100.00%
===== =============== ======
Remaining Months to Maturity--Group I Adjustable Rate Loans
<CAPTION>
% of Group I
Months Remaining to Aggregate Principal Adjustable Rate Loans by
Scheduled Maturity Number of Loans 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>
91 to 120.................. 1 $ 57,909.97 0.02%
151 to 180.................. 3 224,689.57 0.09
211 to 240.................. 1 42,923.95 0.02
331 to 360.................. 2,481 262,673,168.82 99.88
----- --------------- ------
Total................... 2,486 $262,998,692.31 100.00%
===== =============== ======
Combined Loan-to-Value Ratio--Group I Adjustable Rate Loans
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Combined Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ---------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
20.01% to 30.00%........... 2 $ 83,200.00 0.03%
30.01% to 40.00%........... 4 167,459.22 0.06
40.01% to 50.00%........... 12 751,898.87 0.29
50.01% to 60.00%........... 24 2,006,068.12 0.76
60.01% to 70.00%........... 61 4,382,813.24 1.67
70.01% to 80.00%........... 561 55,289,707.77 21.02
80.01% to 90.00%........... 1,260 132,818,351.89 50.50
90.01% to 100.00%........... 562 67,499,193.20 25.67
----- --------------- ------
Total................... 2,486 $262,998,692.31 100.00%
===== =============== ======
</TABLE>
8
<PAGE>
Month of Next Rate Adjustment--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate 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>
September 1999.............. 1 $ 50,000.00 0.02%
October 1999................ 1 237,643.20 0.09
November 1999............... 2 197,451.32 0.08
December 1999............... 1 48,349.90 0.02
February 2000............... 3 275,967.05 0.10
March 2000.................. 2 127,377.76 0.05
April 2000.................. 1 154,901.30 0.06
May 2000.................... 2 208,697.04 0.08
June 2000................... 8 724,320.58 0.28
July 2000................... 6 423,437.65 0.16
August 2000................. 11 1,178,746.85 0.45
September 2000.............. 17 1,660,140.53 0.63
October 2000................ 5 538,075.56 0.20
November 2000............... 11 1,242,303.78 0.47
December 2000............... 7 486,934.06 0.19
January 2001................ 12 962,923.37 0.37
February 2001............... 13 1,049,748.31 0.40
March 2001.................. 12 1,289,551.71 0.49
April 2001.................. 15 1,266,584.89 0.48
May 2001.................... 73 7,235,805.98 2.75
June 2001................... 172 18,674,566.02 7.10
July 2001................... 273 29,080,227.83 11.06
August 2001................. 612 65,571,256.05 24.93
September 2001.............. 706 74,841,123.27 28.46
October 2001................ 370 40,101,357.84 15.25
November 2001............... 50 5,251,378.84 2.00
December 2001............... 6 468,455.08 0.18
January 2002................ 1 143,517.59 0.05
March 2002.................. 1 206,364.18 0.08
April 2002.................. 1 98,822.60 0.04
May 2002.................... 2 254,826.63 0.10
June 2002................... 1 36,521.66 0.01
July 2002................... 7 709,521.62 0.27
August 2002................. 27 2,924,116.92 1.11
September 2002.............. 38 3,676,412.71 1.40
October 2002................ 11 1,020,095.00 0.39
November 2002............... 2 310,650.00 0.12
February 2004............... 2 213,276.07 0.08
June 2004................... 1 57,241.56 0.02
----- --------------- ------
Total................... 2,486 $262,998,692.31 100.00%
===== =============== ======
</TABLE>
9
<PAGE>
Distribution of Gross Margin--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate 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>
3.500% to 3.749%........ 1 $ 50,100.00 0.02%
3.750% to 3.999%........ 2 257,646.74 0.10
4.000% to 4.249%........ 6 631,638.62 0.24
4.250% to 4.499%........ 3 181,831.69 0.07
4.500% to 4.749%........ 21 1,949,561.83 0.74
4.750% to 4.999%........ 21 2,166,026.69 0.82
5.000% to 5.249%........ 35 3,063,211.84 1.16
5.250% to 5.499%........ 50 5,893,385.62 2.24
5.500% to 5.749%........ 164 18,149,766.80 6.90
5.750% to 5.999%........ 341 35,321,710.03 13.43
6.000% to 6.249%........ 275 31,812,092.22 12.10
6.250% to 6.499%........ 272 30,332,012.46 11.53
6.500% to 6.749%........ 275 29,935,647.22 11.38
6.750% to 6.999%........ 306 34,343,857.01 13.06
7.000% to 7.249%........ 224 22,803,680.29 8.67
7.250% to 7.499%........ 152 15,431,392.81 5.87
7.500% to 7.749%........ 116 11,995,530.57 4.56
7.750% to 7.999%........ 70 6,474,464.00 2.46
8.000% to 8.249%........ 57 4,704,232.32 1.79
8.250% to 8.499%........ 29 2,754,772.45 1.05
8.500% to 8.749%........ 27 1,953,030.42 0.74
8.750% to 8.999%........ 12 1,130,577.60 0.43
9.000% to 9.249%........ 10 538,028.69 0.20
9.250% to 9.499%........ 6 359,661.30 0.14
9.500% to 9.749%........ 3 136,460.33 0.05
9.750% to 9.999%........ 5 345,654.50 0.13
10.500% to 10.749%...... 1 164,000.00 0.06
10.750% to 10.999%...... 1 50,500.00 0.02
11.750% to 11.999%...... 1 68,218.26 0.03
----- --------------- ------
Total............... 2,486 $262,998,692.31 100.00%
===== =============== ======
</TABLE>
10
<PAGE>
Maximum Loan Rates--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Number of Loans Aggregate Principal Adjustable Rate Loans by
as of Cut-off Balance Outstanding Outstanding Principal
Maximum Loan Rates Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ --------------- ------------------- --------------------------
<S> <C> <C> <C>
10.250% to 10.499%...... 2 $ 201,788.15 0.08%
10.500% to 10.749%...... 3 356,499.87 0.14
10.750% to 10.999%...... 7 819,727.54 0.31
11.000% to 11.249%...... 8 705,895.82 0.27
11.250% to 11.499%...... 12 1,369,463.84 0.52
11.500% to 11.749%...... 18 1,772,978.64 0.67
11.750% to 11.999%...... 67 8,518,766.91 3.24
12.000% to 12.249%...... 29 2,812,576.28 1.07
12.250% to 12.499%...... 58 6,511,162.69 2.48
12.500% to 12.749%...... 35 3,868,398.59 1.47
12.750% to 12.999%...... 81 9,450,563.58 3.59
13.000% to 13.249%...... 26 2,916,999.31 1.11
13.250% to 13.499%...... 39 4,356,855.00 1.66
13.500% to 13.749%...... 34 3,556,109.72 1.35
13.750% to 13.999%...... 56 6,847,384.52 2.60
14.000% to 14.249%...... 17 1,749,582.93 0.67
14.250% to 14.499%...... 19 2,081,726.82 0.79
14.500% to 14.749%...... 60 5,985,032.23 2.28
14.750% to 14.999%...... 185 20,589,567.76 7.83
15.000% to 15.249%...... 79 8,080,583.41 3.07
15.250% to 15.499%...... 176 19,399,765.87 7.38
15.500% to 15.749%...... 179 18,858,650.62 7.17
15.750% to 15.999%...... 367 39,796,339.84 15.13
16.000% to 16.249%...... 103 11,268,775.11 4.28
16.250% to 16.499%...... 184 19,453,288.01 7.40
16.500% to 16.749%...... 148 15,429,217.89 5.87
16.750% to 16.999%...... 189 18,765,410.09 7.14
17.000% to 17.249%...... 59 5,819,949.07 2.21
17.250% to 17.499%...... 68 6,514,297.29 2.48
17.500% to 17.749%...... 53 4,724,475.81 1.80
17.750% to 17.999%...... 50 4,437,941.51 1.69
18.000% to 18.249%...... 18 1,681,807.64 0.64
18.250% to 18.499%...... 16 1,203,339.16 0.46
18.500% to 18.749%...... 18 1,306,466.80 0.50
18.750% to 18.999%...... 5 456,901.30 0.17
19.000% to 19.249%...... 1 104,000.00 0.04
19.250% to 19.499%...... 3 134,775.57 0.05
19.500% to 19.749%...... 1 86,000.00 0.03
19.750% to 19.999%...... 4 324,697.42 0.12
Greater than 19.999%.... 9 680,929.70 0.26
----- --------------- ------
Total............... 2,486 $262,998,692.31 100.00%
===== =============== ======
</TABLE>
11
<PAGE>
Minimum Loan Rates--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
Number of % of Group I
Loans Aggregate Principal Adjustable Rate Loans by
as of Cut- Balance Outstanding Outstanding Principal
Minimum Loan Rates off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ---------- ------------------- --------------------------
<S> <C> <C> <C>
5.250% to 5.499%...... 1 $ 100,735.72 0.04%
5.500% to 5.749%...... 1 62,099.85 0.02
5.750% to 5.999%...... 1 99,000.00 0.04
6.000% to 6.249%...... 2 229,388.46 0.09
6.250% to 6.499%...... 2 185,205.08 0.07
6.500% to 6.749%...... 1 51,779.41 0.02
6.750% to 6.999%...... 2 193,398.21 0.07
7.000% to 7.249%...... 5 567,861.78 0.22
7.250% to 7.499%...... 4 479,442.11 0.18
7.500% to 7.749%...... 2 183,270.78 0.07
7.750% to 7.999%...... 17 2,240,625.88 0.85
8.000% to 8.249%...... 11 1,020,584.24 0.39
8.250% to 8.499%...... 25 3,114,693.18 1.18
8.500% to 8.749%...... 68 7,373,832.97 2.80
8.750% to 8.999%...... 290 34,187,441.49 13.00
9.000% to 9.249%...... 104 10,714,125.64 4.07
9.250% to 9.499%...... 253 28,218,107.28 10.73
9.500% to 9.749%...... 249 26,656,037.13 10.14
9.750% to 9.999%...... 470 50,882,208.83 19.35
10.000% to 10.249%...... 135 14,328,049.50 5.45
10.250% to 10.499%...... 226 23,396,972.78 8.90
10.500% to 10.749%...... 170 17,628,524.16 6.70
10.750% to 10.999%...... 194 19,785,102.47 7.52
11.000% to 11.249%...... 67 6,759,622.27 2.57
11.250% to 11.499%...... 56 4,931,906.82 1.88
11.500% to 11.749%...... 51 4,044,873.38 1.54
11.750% to 11.999%...... 36 2,814,639.80 1.07
12.000% to 12.249%...... 12 907,019.52 0.34
12.250% to 12.499%...... 9 536,693.78 0.20
12.500% to 12.749%...... 10 620,482.22 0.24
12.750% to 12.999%...... 4 284,035.46 0.11
13.000% to 13.249%...... 2 82,200.00 0.03
13.250% to 13.499%...... 1 44,933.24 0.02
13.500% to 13.749%...... 2 61,280.61 0.02
13.750% to 13.999%...... 1 50,500.00 0.02
14.500% to 14.749%...... 1 93,800.00 0.04
14.750% to 14.999%...... 1 68,218.26 0.03
----- --------------- ------
Total................. 2,486 $262,998,692.31 100.00%
===== =============== ======
</TABLE>
12
<PAGE>
The tables below show additional characteristics of the group II adjustable
rate loans.
Geographical Distribution of Mortgaged Properties--
Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Adjustable Rate Aggregate Principal % of Group II
Loans by Number Balance Adjustable Rate Loans by
Number of Loans of Loans as Outstanding as of Outstanding Principal
as of Cut-off Date of Cut-off Date Cut-off Date Balance as of Cut-off Date
------------------ ----------------- ------------------- --------------------------
<S> <C> <C> <C> <C>
Alabama................. 1 0.75% $ 255,100.00 0.69%
Arizona................. 1 0.75 338,213.22 0.91
California.............. 39 29.32 11,192,700.95 30.25
Colorado................ 8 6.02 2,308,382.09 6.24
Connecticut............. 2 1.50 564,694.55 1.53
Florida................. 2 1.50 489,204.33 1.32
Georgia................. 6 4.51 1,651,751.98 4.46
Idaho................... 1 0.75 323,850.44 0.88
Indiana................. 1 0.75 247,139.75 0.67
Maryland................ 14 10.53 3,894,136.01 10.53
Massachusetts........... 5 3.76 1,574,864.85 4.26
Michigan................ 2 1.50 543,300.00 1.47
Minnesota............... 1 0.75 255,935.00 0.69
Nevada.................. 3 2.26 744,144.17 2.01
New York................ 3 2.26 995,249.28 2.69
North Carolina.......... 1 0.75 275,825.79 0.75
Ohio.................... 2 1.50 577,646.89 1.56
Oregon.................. 2 1.50 609,011.52 1.65
Pennsylvania............ 4 3.01 1,143,807.55 3.09
South Carolina.......... 2 1.50 512,067.81 1.38
Tennessee............... 2 1.50 521,792.38 1.41
Texas................... 5 3.76 1,381,158.61 3.73
Utah.................... 3 2.26 757,904.15 2.05
Virginia................ 13 9.77 3,639,691.18 9.84
Washington.............. 9 6.77 1,957,120.04 5.29
Wisconsin............... 1 0.75 242,100.00 0.65
--- ------ -------------- ------
Total............... 133 100.00% $36,996,792.54 100.00%
=== ====== ============== ======
</TABLE>
13
<PAGE>
Years of Origination--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Year of Origination as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
1998.................... 4 $ 1,086,642.71 2.94%
1999.................... 129 35,910,149.83 97.06
--- -------------- ------
Total............... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
Distribution of Original Loan Amounts--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Original Loan Amount Number of Loans Balance Outstanding Outstanding Principal
(in Dollars) as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
-------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
$60,000 to $69,999.... 1 $ 60,715.95 0.16%
$80,000 to $89,999.... 1 82,752.36 0.22
$90,000 to $99,999.... 1 97,552.00 0.26
$220,000 to $229,999.... 1 227,069.29 0.61
$240,000 to $249,999.... 27 6,624,518.92 17.91
$250,000 to $259,999.... 16 4,067,895.09 11.00
$260,000 to $269,999.... 14 3,696,672.57 9.99
$270,000 to $279,999.... 16 4,384,373.29 11.85
$280,000 to $289,999.... 13 3,704,143.97 10.01
$290,000 to $299,999.... 11 3,238,757.97 8.75
Greater than $299,999... 32 10,812,341.13 29.23
--- -------------- ------
Total............... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
Current Loan Rates--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Range of Loan Rates as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
7.01% to 8.00%........ 5 $ 1,508,615.85 4.08%
8.01% to 9.00%........ 33 8,885,446.93 24.02
9.01% to 10.00%........ 66 18,531,322.87 50.09
10.01% to 11.00%........ 24 6,780,828.67 18.33
11.01% to 12.00%........ 4 1,018,364.85 2.75
13.01% to 14.00%........ 1 272,213.37 0.74
--- -------------- ------
Total............... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
Remaining Months to Maturity--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Months Remaining to Aggregate Principal Adjustable Rate Loans by
Scheduled Maturity Number of Loans 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>
331 to 360.............. 133 $36,996,792.54 100.00%
--- -------------- ------
Total............... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
14
<PAGE>
Combined Loan-to-Value Ratio--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Combined Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ---------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
50.01% to 60.00%........... 1 $ 280,000.00 0.76%
60.01% to 70.00%........... 3 833,070.37 2.25
70.01% to 80.00%........... 33 8,753,005.45 23.66
80.01% to 90.00%........... 64 18,315,487.48 49.51
90.01% to 100.00%........... 32 8,815,229.24 23.83
--- -------------- ------
Total................... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
Month of Next Rate Adjustment--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by 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>
March 2000.................. 1 $ 354,000.00 0.96%
April 2000.................. 1 270,334.70 0.73
August 2000................. 1 301,337.55 0.81
September 2000.............. 1 272,213.37 0.74
November 2000............... 1 242,757.09 0.66
March 2001.................. 1 338,815.53 0.92
April 2001.................. 1 250,738.42 0.68
May 2001.................... 2 532,688.39 1.44
June 2001................... 8 2,274,495.24 6.15
July 2001................... 17 4,855,051.42 13.12
August 2001................. 41 11,742,975.76 31.74
September 2001.............. 24 6,915,072.75 18.69
October 2001................ 28 7,121,501.98 19.25
November 2001............... 3 765,340.00 2.07
July 2002................... 1 246,170.34 0.67
October 2002................ 1 242,100.00 0.65
November 2002............... 1 271,200.00 0.73
--- -------------- ------
Total................... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
Distribution of Gross Margin--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate 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>
4.750% to 4.999%........ 1 $ 337,500.00 0.91%
5.000% to 5.249%........ 1 387,600.00 1.05
5.250% to 5.499%........ 2 520,200.00 1.41
5.500% to 5.749%........ 18 5,030,818.38 13.60
5.750% to 5.999%........ 20 5,422,919.83 14.66
6.000% to 6.249%........ 17 4,556,857.69 12.32
6.250% to 6.499%........ 25 6,862,207.46 18.55
6.500% to 6.749%........ 11 3,281,406.83 8.87
6.750% to 6.999%........ 20 5,731,750.08 15.49
7.000% to 7.249%........ 6 1,603,325.37 4.33
7.250% to 7.499%........ 5 1,420,042.38 3.84
7.750% to 7.999%........ 3 791,616.45 2.14
8.000% to 8.249%........ 1 252,000.00 0.68
8.250% to 8.499%........ 2 542,548.07 1.47
8.750% to 8.999%........ 1 256,000.00 0.69
--- -------------- ------
Total............... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
15
<PAGE>
Maximum Loan Rates--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Number of Loans Aggregate Principal Adjustable Rate Loans by
as of Cut-off Balance Outstanding Outstanding Principal
Maximum Loan Rates Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ --------------- ------------------- --------------------------
<S> <C> <C> <C>
10.750% to 10.999%...... 1 $ 328,168.22 0.89%
11.000% to 11.249%...... 2 609,504.38 1.65
11.250% to 11.499%...... 2 577,464.29 1.56
11.500% to 11.749%...... 1 293,426.66 0.79
11.750% to 11.999%...... 9 2,019,447.01 5.46
12.250% to 12.499%...... 4 1,213,539.84 3.28
12.500% to 12.749%...... 8 1,975,693.83 5.34
12.750% to 12.999%...... 5 1,419,592.03 3.84
13.000% to 13.249%...... 1 257,180.86 0.70
13.250% to 13.499%...... 2 571,301.10 1.54
13.500% to 13.749%...... 1 245,290.00 0.66
13.750% to 13.999%...... 1 243,200.00 0.66
14.250% to 14.499%...... 1 275,825.79 0.75
14.500% to 14.749%...... 5 1,466,153.46 3.96
14.750% to 14.999%...... 16 4,563,720.34 12.34
15.000% to 15.249%...... 2 503,228.44 1.36
15.250% to 15.499%...... 7 1,955,792.62 5.29
15.500% to 15.749%...... 5 1,456,605.40 3.94
15.750% to 15.999%...... 18 5,262,907.70 14.23
16.000% to 16.249%...... 3 903,213.59 2.44
16.250% to 16.499%...... 15 4,284,816.56 11.58
16.500% to 16.749%...... 6 1,681,398.84 4.54
16.750% to 16.999%...... 12 3,205,395.84 8.66
17.250% to 17.499%...... 2 625,347.52 1.69
17.500% to 17.749%...... 3 786,364.85 2.13
19.500% to 19.749%...... 1 272,213.37 0.74
--- -------------- ------
Total............... 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
Minimum Loan Rates--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
Number of % of Group II
Loans Aggregate Principal Adjustable Rate Loans by
as of Cut- Balance Outstanding Outstanding Principal
Minimum Loan Rates off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------ ---------- ------------------- -------------------------- ---
<S> <C> <C> <C> <C>
7.750% to 7.999%...... 5 $ 1,508,615.85 4.08%
8.000% to 8.249%...... 1 355,532.68 0.96
8.250% to 8.499%...... 2 607,119.74 1.64
8.500% to 8.749%...... 5 1,515,580.12 4.10
8.750% to 8.999%...... 24 6,150,854.50 16.63
9.000% to 9.249%...... 5 1,406,442.03 3.80
9.250% to 9.499%...... 18 5,234,590.31 14.15
9.500% to 9.749%...... 16 4,189,620.93 11.32
9.750% to 9.999%...... 28 7,957,029.49 21.51
10.000% to 10.249%...... 1 257,180.86 0.70
10.250% to 10.499%...... 12 3,492,375.55 9.44
10.500% to 10.749%...... 6 1,687,338.84 4.56
10.750% to 10.999%...... 5 1,343,933.42 3.63
11.250% to 11.499%...... 1 252,000.00 0.68
11.500% to 11.749%...... 3 766,364.85 2.07
13.000% to 13.249%...... 1 272,213.37 0.74
--- -------------- ------
Total................. 133 $36,996,792.54 100.00%
=== ============== ======
</TABLE>
16
