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Previous: CONSECO FINANCE SECURITIZATIONS CORP, 8-K, 2000-12-20 |
Next: MUTUALFIRST FINANCIAL INC, 8-K, 2000-12-20 |
<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 September 1, 1999 between the Company and U S Bank
Trust National Association, as Trustee of Home Equity Loan Trust 2000-A (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
December, 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 September 1, 1999 between the Company and U S Bank
Trust (N.A), as Trustee of Home Equity Loan Trust 2000-A (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 November 1, 2000 to November 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
December, 2000.
CONSECO FINANCE CORP.
BY: /s/ Phyllis A. Knight
--------------------------
Phyllis A. Knight
Senior Vice President and Treasurer
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
1. Amount Available (including Monthly Servicing Fee and including $ 7,362,334.98
---------------
Prepayment Charges ($__________))
2. Formula Principal Distribution Amount:
(a) Scheduled Principal $ 266,016.55
---------------
(b) Principal Prepayments 4,924,418.26
---------------
(c) Substituted Loans 0.00
---------------
(d) Repurchases 0.00
---------------
(e) Previously undistributed (a)-(d) amounts 0.00
---------------
(f) Pre-Funded Group I ARM Amount, if any
(Post-Funding Payment Date) 0.00
---------------
Total Principal $ 5,190,434.81
---------------
3. Libor 6.62000%
---------------
4. Available Funds Pass-Through Rate 6.62000%
---------------
Class A Certificates
--------------------
Interest
5. Aggregate Current Interest
(a) Class AV Pass-through Rate 6.90000%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus .28%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class AV-1 Interest $ 1,253,111.29
---------------
6. Amount applied to Unpaid Class AV Interest Shortfall $ 0.00
---------------
7. Remaining Unpaid Class AV Interest Shortfall $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 2
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
Class MV-1 Certificates
-----------------------
8. Amount Available less all preceding distributions and less
Prepayment Charges $ 6,109,223.69
---------------
Interest on Class MV-1 Adjusted Principal Balance
09. Class MV-1 Adjusted Principal Balance $ 17,250,000.00
---------------
10. Current Interest
(a) Class MV-1 Pass-through Rate 7.12000%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus .50%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class MV-1 Interest $ 102,350.00
---------------
11. Amount applied to Unpaid Class MV-1 Interest Shortfall $ 0.00
---------------
12. Remaining Unpaid Class MV-1 Interest Shortfall $ 0.00
---------------
Class MV-2 Certificates
-----------------------
13. Amount Available less all preceding distributions and less
Prepayment Charges $ 6,006,873.69
---------------
Interest on Class MV-2 Adjusted Principal Balance
14. Class MV-2 Adjusted Principal Balance $ 18,000,000.00
---------------
15. Current Interest
(a) Class MV-2 Pass-through Rate 7.57000%
(a floating rate equal to the Adjusted Weighted --------
Average Loan Rate, but in no event greater than 95%)
(b) Class MV-2 Interest $ 113,550.00
---------------
16. Amount applied to Unpaid Class MV-2 Interest Shortfall $ 0.00
---------------
17. Remaining Unpaid Class MV-2 Interest Shortfall $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 3
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
Class BV-1 Certificates
-----------------------
18. Amount Available less all preceding distributions and less
Prepayment Charges $ 5,893,323.69
---------------
Interest on Class BV-1 Adjusted Principal Balance
19. Class BV-1 Adjusted Principal Balance $ 9,300,000.00
---------------
20. Current Interest
(a) Class BV-1 Pass-through Rate 9.12000%
(a floating rate per annum equal to the lesser of (a) LIBOR --------
plus 2.50%, or (b) the Available Funds Pass-Through Rate, but
in no case more than 14.0%)
(b) Class BV-1 Interest $ 70,680.00
---------------
21. Amount applied to Unpaid Class BV-1 Interest Shortfall $ 0.00
---------------
22. Remaining Unpaid Class BV-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 1.52%
---------------
(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) 1.46%
---------------
(iii) 40.0% of the Senior Enhancement Percentage 8.37%
---------------
(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 Variable Rate Loans may not
exceed 4.20% from March 1, 2003 to February 29, 2004, 4.99%
from March 1, 2004 to February 28, 2005, 5.25% from March 1,
2005 to February 28, 2007, and 5.75% thereafter) 0.00%
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 4
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
25. Senior Enhancement Percentage
A fraction, expressed as a percentage obtained by dividing: 20.92207781%
---------------
(i) the excess of
(A) the Pool Scheduled Principal Balance over
(B) the principal balance of the most senior class of
certificates outstanding, by, $ 57,659,565.19
---------------
(ii) the Pool Scheduled Principal Balance. $275,591,964.23
---------------
Class AV Certificates
---------------------
26. Amount Available less all preceding distributions $ 5,822,643.69
---------------
Principal
27. Class AV Principal Distribution:
(a) Class AV: Formula Principal Distribution Amount $ 5,190,434.81
---------------
28. Class AV Principal Balance $212,741,964.23
---------------
29. Amount, if any, by which Class AV-1 Formula Principal Distribution Amount
exceeds Class AV Principal Distibution Amount $ 0.00
---------------
Class MV-1 Certificates
-----------------------
30. Amount available less all preceding distributions $ 632,208.88
---------------
Principal
31. Class MV-1 Principal Distribution $ 0.00
---------------
32. Class MV-1 Principal Balance $ 17,250,000.00
---------------
33. Amount, if any, by which Class MV-1 Formula Principal Distribution Amount
exceeds Class MV-1 Principal Distibution Amount $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 5
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
Class MV-2 Certificates
-----------------------
34. Amount available less all preceding distributions $ 632,208.88
---------------
Principal
35. Class MV-2 Principal Distribution $ 0.00
---------------
36. Class MV-2 Principal Balance $ 18,000,000.00
---------------
37. Amount, if any, by which Class MV-2 Formula Principal Distribution Amount
exceeds Class MV-2 Principal Distibution Amount $ 0.00
---------------
Class BV-1 Certificates
-----------------------
38. Amount available less all preceding distributions $ 632,208.88
---------------
Principal
39. Class BV-1 Principal Distribution $ 0.00
---------------
40. Class BV-1 Principal Balance $ 9,300,000.00
---------------
41. Amount, if any, by which Class BV-1 Formula Principal Distribution Amount
exceeds Class BV-1 Principal Distibution Amount $ 0.00
---------------
Class MV-1 Certificates
-----------------------
42. Amount Available less all preceding distributions $ 632,208.88
---------------
Liquidation Loss Interest
43. Amount applied to Class MV-1 Liquidation Loss Interest Amount $ 0.00
---------------
44. Class MV-1 Liquidation Loss Interest Shortfall $ 0.00
---------------
45. Amount applied to Unpaid Class MV-1 Liquidation Loss Interest Shortfall $ 0.00
---------------
46. Remaining Unpaid Class MV-1 Liquidation Loss Interest Shortfall $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 6
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
Class MV-2 Certificates
-----------------------
47. Amount Available less all preceding distributions $ 632,208.88
---------------
Liquidation Loss Interest
48. Amount applied to Class MV-2 Liquidation Loss Interest Amount $ 0.00
---------------
49. Class MV-2 Liquidation Loss Interest Shortfall $ 0.00
---------------
50. Amount applied to Unpaid Class MV-2 Liquidation Loss Interest Shortfall $ 0.00
---------------
51. Remaining Unpaid Class MV-2 Liquidation Loss Interest Shortfall $ 0.00
---------------
Class BV-1 Certificates
-----------------------
52. Amount Available less all preceding distributions $ 632,208.88
---------------
Liquidation Loss Interest
53. Amount applied to Class BV-1 Liquidation Loss Interest Amount $ 0.00
---------------
54. Class BV-1 Liquidation Loss Interest Shortfall $ 0.00
---------------
55. Amount applied to Unpaid Class BV-1 Liquidation Loss Interest Shortfall $ 0.00
---------------
56. Remaining Unpaid Class BV-1 Liquidation Loss Interest Shortfall $ 0.00
---------------
Class BV-2 Certificates
-----------------------
57. Amount Available less all preceding distributions $ 632,208.88
---------------
Interest
58. Current Interest
(a) Class BV-2 Pass-through Rate 9.42000%
(floating rate per annum equal to the lesser of (a) LIBOR plus --------
2.80% or (b) the Available Funds Pass-Through Rate, but in no
event greater than 2.80%)
(b) Class BV-2 Interest $ 108,330.00
---------------
59. Amount applied to Unpaid Class BV-2 Interest Shortfall $ 0.00
---------------
60. Remaining Unpaid Class BV-2 Interest shortfall $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 7
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
Principal
61. Class BV-2 Principal Distribution $ 0.00
---------------
62. Amount, if any, by which Class BV-2 Formula Distribution Amount plus
Class BV-2 Liquidation Loss Principal Amount exceeds Class B-2
Distribution Amount $ 0.00
---------------
63. Class BV-2 Guaranty Payment $ 0.00
---------------
64. Class BV-2 Principal Balance $ 13,800,000.00
---------------
Class AV-1 Certificates
-----------------------
65. Amount Available less all preceding distributions $ 523,878.88
---------------
Available Funds Cap Carryover Amount
66. (a) Class AV-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(b) Amount applied to Class AV-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(c) Class AV-1 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
---------------
Class MV-1 Certificates
-----------------------
67. Amount Available less all preceding distributions $ 523,878.88
---------------
Available Funds Cap Carryover Amount
68. (a) Class MV-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(b) Amount applied to Class MV-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(c) Class MV-1 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
---------------
Class MV-2 Certificates
-----------------------
69. Amount Available less all preceding distributions $ 523,878.88
---------------
Available Funds Cap Carryover Amount
70. (a) Class MV-2 Available Funds Cap Carryover Amount $ 0.00
---------------
(b) Amount applied to Class MV-2 Available Funds Cap Carryover Amount $ 0.00
---------------
(c) Class MV-2 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 8
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
Class BV-1 Certificates
-----------------------
71. Amount Available less all preceding distributions $ 523,878.88
---------------
Available Funds Cap Carryover Amount
72. (a) Class BV-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(b) Amount applied to Class BV-1 Available Funds Cap Carryover Amount $ 0.00
---------------
(c) Class BV-1 Available Funds Cap Carryover Amount remaining unpaid $ 0.00
---------------
Servicer
73. (a) Monthly Servicing Fee (if Originator or affiliate is Servicer) .5% $ 116,992.67
---------------
(b) Reimbursement for unreimbursed Advances $ 0.00
---------------
Class A, Class M, and Class B Certificates
------------------------------------------
74. Pool Scheduled Principal Balance $275,591,964.23
---------------
Pool Certificate Balance $271,091,964.23
---------------
75. Pool Factors
(a) Class AV Pool Factor .89707765
---------------
(b) Class MV-1 Pool Factor 1.00000000
---------------
(c) Class MV-2 Pool Factor 1.00000000
---------------
(d) Class BV-1 Pool Factor 1.00000000
---------------
(e) Class BV-2 Pool Factor 1.00000000
---------------
76. Loans Delinquent:
(a) 31-59 days 3,777,424.02 43
---------------- ------------
(b) 60-89 days 262,892.34 4
---------------- ------------
(c) 90 or more days 100,139.33 1
---------------- ------------
77. Principal Balance of Defaulted Loans $ 3,826,997.30
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 2000-A
MONTHLY REPORT November 2000
PAGE 9
Distribution Date: 12/15/00
CUSIP# 20846Q BU1 BV9
BW7 BX5 BY3
Trust Account: 33380520
<TABLE>
<CAPTION>
<S> <C> <C>
78. Number of Liquidated Loans and Net Liquidated Loss
# 0 $ 0.00
--------------- ---------------
79. Number of Loans Remaining 2,291
---------------
80. Pre-Funded $ 0.00
---------------
81. Reimbursement of Class C Certificateholder expenses $ 0.00
---------------
Guarantor
---------
82. Class B-2 Guaranty Fee $ 406,886.21
---------------
Class P Certificates
--------------------
83. Class P Principal Distribution $ 0.00
---------------
84. Class P Principal Balance $ 100.00
---------------
Class C Master Certificates
---------------------------
85. Class C Master Distribution Amount $ 0.00
---------------
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.
</TABLE>
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