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Previous: CONSECO FINANCE SECURITIZATIONS CORP, 8-K, 2000-12-20 |
Next: CONSECO FINANCE SECURITIZATIONS CORP, 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, 2000 between the Company and U S Bank
Trust National Association, as Trustee of Home Improvement Loan Trust 2000-E
(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 June 1, 2000 between the Company and U S Bank Trust
(N.A), as Trustee of Home Improvement Loan Trust 2000-E (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 IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
1. Amount Available (including Monthly Servicing Fee $ 8,712,956.30
----------------
2. Formula Principal Distribution Amount:
(a) Scheduled Principal $ 204,805.07
--------------------
(b) Principal Prepayments 5,143,274.09
--------------------
(c) Liquidated Loans 0.00
--------------------
(d) Repurchases 0.00
--------------------
(e) Previously undistributed (a)-(d) amounts 0.00
--------------------
(f) Pre-Funded, if any (Post-Funding) 0.00
--------------------
(g) Overcollateralization Increase Amount 1,432,722.71
--------------------
(h) Overcollateralization Decrease Amount 0.00
--------------------
Total Principal $ 6,780,801.87
----------------
3. Monthly Servicing Fee (if Originator or subsidiary is not Servicer) $ 0.00
----------------
4. Expense Adjusted Weighted Average Loan Rate 12.17521%
----------------
Class A Certificates
--------------------
Interest
5. Aggregate Current Interest
(a) Class A-1 Pass-through Rate 6.98%
(b) Class A-1 Interest -------------------- $ 588,668.69
----------------
(c) Class A-2 Pass-through Rate 7.01%
(d) Class A-2 Interest -------------------- $ 184,012.50
----------------
(e) Class A-3 Pass-through Rate 7.27%
(f) Class A-3 Interest -------------------- $ 260,508.33
----------------
(g) Class A-4 Pass-through Rate 7.57%
(h) Class A-4 Interest -------------------- $ 210,698.33
----------------
(i) Class A-5 Pass-through Rate 8.02%
(or the Expense Adjusted Weighted Average Loan Rate, if less) --------------------
(j) Class A-5 Interest $ 220,884.17
----------------
6. Amount applied to Unpaid Class A Interest Shortfall $ 0.00
----------------
7. Remaining Unpaid Class A Interest Shortfall $ 0.00
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 2
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Class M-1 Certificates
----------------------
8. Amount Available less all preceding distributions $ 7,248,184.28
----------------
Interest on Class M-1 Adjusted Principal Balance
9. Class M-1 Adjusted Principal Balance $ 18,600,000.00
----------------
10. Current Interest
(a) Class M-1 Pass-through Rate or the Expense 8.13%
Adjusted Weighted Average Loan Rate, if less) --------------------
(b) Class M-1 Interest $ 126,015.00
----------------
11. Amount applied to Unpaid Class M-1 Interest Shortfall $ 0.00
----------------
12. Remaining Unpaid Class M-1 Interest Shortfall $ 0.00
----------------
Class M-2 Certificates
----------------------
13. Amount Available less all preceding distributions $ 7,122,169.28
----------------
Interest on Class M-2 Adjusted Principal Balance
14. Class M-2 Adjusted Principal Balance $ 7,800,000.00
----------------
15. Current Interest
(a) Class M-2 Pass-through Rate or the Expense 9.01%
Adjusted Weighted Average Loan Rate, if less) --------------------
(b) Class M-2 Interest $ 58,565.00
----------------
16. Amount applied to Unpaid Class M-2 Interest Shortfall $ 0.00
----------------
17. Remaining Unpaid Class M-2 Interest Shortfall $ 0.00
----------------
Class B-1 Certificates
----------------------
18. Amount Available less all preceding distributions $ 7,063,604.28
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 3
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
19. Class B-1 Adjusted Principal Balance $ 7,350,000.00
----------------
20. Current Interest
(a) Class B-1 Pass-through Rate or the Expense 10.26%
Adjusted Weighted Average Loan Rate, if less) --------------------
(b) Class B-1 Interest $ 62,842.50
----------------
21. Amount applied to Unpaid Class B-1 Interest Shortfall $ 0.00
----------------
22. Remaining Unpaid Class B-1 Interest Shortfall $ 0.00
----------------
Class B-2 Certificates
----------------------
23. Amount Available less all preceding distributions $ 7,000,761.78
----------------
Interest on Class B-2 Adjusted Principal Balance
24. Class B-2 Adjusted Principal Balance $ 10,500,000.00
----------------
25. Current Interest
(a) Class B-2 Pass-through Rate or the Expense 11.50%
Adjusted Weighted Average Loan Rate, if less) --------------------
(b) Class B-2 Interest $ 100,625.00
----------------
26. Amount applied to Unpaid Class B-2 Interest Shortfall $ 0.00
----------------
27. Remaining Unpaid Class B-2 Interest Shortfall $ 0.00
----------------
Principal
28. Trigger Event:
(a) Average Sixty-Day Delinquency Ratio Test
(i) Sixty-Day Delinquency Ratio for current Payment Date. 1.00%
----------------
(ii) Average Sixty-Day Delinquency Ratios Test
(arithmetic average of ratios for this month and two preceding 0.67%
months may not exceed 12% of the Senior Enhancement %) ----------------
(iii) 12.00% of the Senior Enhancement Percentage. 1.72%
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 4
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(b) Cumulative Realized Losses Test
(i) Cumulative Realized Losses for current Payment Date. $ 0.00
----------------
(ii) Cumulative Realized Losses Ratio
(Losses as a percentage of Cut-Off Date Principal 0.00%
----------------
Balance of Loans may not exceed
6.00% from October 1, 2003 to September 31, 2004,
7.13% from October 1, 2004 to September 31, 2005,
7.50% from October 1, 2005 to September 31, 2007,
and 8.00% thereafter)
29. Senior Enhancement Percentage
A fraction, expressed as a percentage: 14.35026999%
----------------
(a) the numerator of which is the excess of (A) the Pool
Scheduled Principal Balance over (B) the Principal
Balance of the most senior class of Certificates outstanding $ 40,571,899.24
----------------
(b) the denominator of which is the Pool Scheduled Principal Balance $ 282,725,685.85
----------------
Class A Certificates
--------------------
30. Amount Available less all preceding distributions $ 6,900,136.78
----------------
Principal
31. Class A Formula Principal Distribution Amount:
(a) Class A-1 $ 6,780,801.87
----------------
(b) Class A-2 $ 0.00
----------------
(c) Class A-3 $ 0.00
----------------
(d) Class A-4 $ 0.00
----------------
(e) Class A-5 $ 0.00
----------------
32. Class A Principal Balance:
(a) Class A-1 Principal Balance $ 94,422,984.74
----------------
(b) Class A-2 Principal Balance $ 31,500,000.00
----------------
(c) Class A-3 Principal Balance $ 43,000,000.00
----------------
(d) Class A-4 Principal Balance $ 33,400,000.00
----------------
(e) Class A-5 Principal Balance $ 33,050,000.00
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 5
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
33. Amount, if any, by which Class A Formula Principal Distribution
Amount exceeds amounts distributed pursuant to item 31, above. $ 0.00
----------------
Class M-1 Certificates
----------------------
34. Amount available less all preceding distributions $ 119,334.91
----------------
Principal
35. Class M-1 Principal Distribution $ 0.00
----------------
36. Class M-1 Principal Balance $ 18,600,000.00
----------------
37. Amount, if any, by which Class M-1 Formula Principal Distribution Amount
exceeds Class M-1 Principal Distribution Amount $ 0.00
----------------
Class M-2 Certificates
----------------------
38. Amount available less all preceding distributions $ 119,334.91
----------------
Principal
39. Class M-2 Principal Distribution $ 0.00
----------------
40. Class M-2 Principal Balance $ 7,800,000.00
----------------
41. Amount, if any, by which Class M-2 Formula Principal Distribution Amount
exceeds Class M-2 Principal Distribution Amount $ 0.00
----------------
Class B-1 Certificates
----------------------
42. Amount available less all preceding distributions $ 119,334.91
----------------
Principal
43. Class B-1 Principal Distribution $ 0.00
----------------
44. Class B-1 Principal Balance $ 7,350,000.00
----------------
45. Amount, if any, by which Class B-1 Formula Principal Distribution Amount
exceeds Class B-1 Principal Distribution Amount $ 0.00
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 6
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
46. Amount available less all preceding distributions $ 119,334.91
----------------
Principal
47. Class B-2 Principal Distribution $ 0.00
----------------
48. Class B-2 Principal Balance $ 10,500,000.00
----------------
49. Amount, if any, by which Class B-2 Formula Principal Distribution Amount
exceeds Class B-2 Principal Distribution Amount $ 0.00
----------------
Class M-1 Certificates
----------------------
50. Amount available less all preceding distributions $ 119,334.91
----------------
Liquidation Loss Interest
51. Amount applied to Class M-1 Liquidation Loss Interest Amount $ 0.00
----------------
52. Class M-1 Liquidation Loss Interest Shortfall $ 0.00
----------------
53. Amount applied to Unpaid Class M-1 Liquidation Loss Interest Shortfall $ 0.00
----------------
54. Remaining Unpaid Class M-1 Liquidation Loss Interest Shortfall $ 0.00
----------------
Class M-2 Certificates
----------------------
55. Amount available less all preceding distributions $ 119,334.91
----------------
Liquidation Loss Interest
56. Amount applied to Class M-2 Liquidation Loss Interest Amount $ 0.00
----------------
57. Class M-2 Liquidation Loss Interest Shortfall $ 0.00
----------------
58. Amount applied to Unpaid Class M-2 Liquidation Loss Interest Shortfall $ 0.00
----------------
59. Remaining Unpaid Class M-2 Liquidation Loss Interest Shortfall $ 0.00
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 7
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Class B-1 Certificates
----------------------
60. Amount available less all preceding distributions $ 119,334.91
----------------
Liquidation Loss Interest
61. Amount applied to Class B-1 Liquidation Loss Interest Amount $ 0.00
----------------
62. Class B-1 Liquidation Loss Interest Shortfall $ 0.00
----------------
63. Amount applied to Unpaid Class B-1 Liquidation Loss Interest Shortfall $ 0.00
----------------
64. Remaining Unpaid Class B-1 Liquidation Loss Interest Shortfall $ 0.00
----------------
Class B-2 Certificates
----------------------
65. Amount available less all preceding distributions $ 119,334.91
----------------
Liquidation Loss Interest
66. Amount applied to Class B-2 Liquidation Loss Interest Amount $ 0.00
----------------
67. Class B-2 Liquidation Loss Interest Shortfall $ 0.00
----------------
68. Amount applied to Unpaid Class B-2 Liquidation Loss Interest Shortfall $ 0.00
----------------
69. Remaining Unpaid Class B-2 Liquidation Loss Interest Shortfall $ 0.00
----------------
Servicer
70. Reimbursement for unreimbursed Advances $ 0.00
----------------
Class A, Class M, and Class B Certificates
------------------------------------------
71. Pool Scheduled Principal Balance $ 282,725,685.85
----------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME IMPROVEMENT LOANS, SERIES 2000-E
MONTHLY REPORT November 2000
PAGE 8
Distribution Date: 12/15/00
------------------------
CUSIP# 20846Q EA2 EB0 EC8 ED6
------------------------
EE4 EF1 EG9 EH7 EJ3
------------------------
Trust Account: 33385170
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
72. Pool Factor
(a) Class A-1 Pool Factor .82249987
----------------
(b) Class A-2 Pool Factor 1.00000000
----------------
(c) Class A-3 Pool Factor 1.00000000
----------------
(d) Class A-4 Pool Factor 1.00000000
----------------
(e) Class A-5 Pool Factor 1.00000000
----------------
(f) Class M-1 Pool Factor 1.00000000
----------------
(g) Class M-2 Pool Factor 1.00000000
----------------
(h) Class B-1 Pool Factor 1.00000000
----------------
(i) Class B-2 Pool Factor 1.00000000
----------------
73. Loans Delinquent:
30-59 days 120 $ 1,832,823.62
--------------------- ----------------
60-89 days 46 $ 952,981.57
--------------------- ----------------
90 or more days 65 $ 1,866,957.00
--------------------- ----------------
74. Principal Balance of Defaulted Loans $ 15,291.34
----------------
75. Principal Balance of Loans with Extensions $ 1,075,581.36
----------------
76. Number of Liquidated Loans and Net Liquidation Loss 0 $ 0.00
--------------------- ----------------
77. Number of Loans Remaining 12,127
----------------
78. Pre-Funded Amount $ 0.00
----------------
79. Reimbursement of Class C Certificateholder expenses $ 0.00
----------------
80. Overcollateralization Amount $ 3,102,701.11*
----------------
81. Target Overcollateralization Amount $ 7,500,000.00
----------------
Class C Certificate
-------------------
82. Monthly Servicing Fee (.50%) $ 119,334.91
----------------
83. Class C Distribution Amount $ 0.00
----------------
</TABLE>
Please contact the Bondholder Relations Department of U.S. Bank Trust
National Association at (612) 224-0444 with any questions regarding this
Statement of your Distribution.
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