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<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): December 15, 1999
HOME EQUITY LOAN TRUST 1999-H
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Minnesota 33-55853 Applied for
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file numbers) identification no.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (651) 293-3400
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
Pursuant to the Pooling and Servicing Agreement between Conseco
Finance Corp. (the "Servicer") and U S Bank Trust (N.A.) (the
"Trustee"), on December 15, 1999, the Trustee made distributions to
the holders of the certificates representing interests in the Trust
(the "Certificateholders") and delivered to the Certificateholders
the Monthly Report required by Section 6.05 of the Pooling and
Servicing Agreement attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on
December 15, 1999.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: December 15, 1999
HOME EQUITY LOAN TRUST 1999-H
By CONSECO FINANCE CORP.
as Servicer with respect to the Trust
By: /s/ Phyllis A. Knight
-------------------------------------
Phyllis A. Knight
Senior Vice President and Treasurer
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Page
- ------- ----
99.1 Monthly Report delivered to Certificateholders 5
on December 15, 1999.
<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 1999-H (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 10th day of
December, 1999.
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 1999-H (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, 1999 to November 30,
1999 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 10th day of
December, 1999.
CONSECO FINANCE CORP.
BY: /s/ Phyllis A. Knight
-------------------------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
1. Amount Available (including Monthly Servicing Fee
and including Prepayment Charges ($ )) $ 9,043,856.19
-------- --------------
2. Formula Principal Distribution Amount:
(a) Scheduled Principal $ 558,434.59
-------------
(b) Principal Prepayments 2,641,326.79
-------------
(c) Liquidated Loans 0.00
-------------
(d) Repurchases 724,341.89
-------------
(e) Previously undistributed (a)-(d) amounts 0.00
-------------
(f) Pre-Funded Fixed Rate Amount, if any
(Post-Funding Payment Date) 0.00
-------------
(g) minus Group I ARM Formula Principal
Distribution Amount and Group II ARM Formula
Principal Distribution Amount 0.00
-------------
Total Principal $ 3,924,103.27
--------------
3. Group I ARM Formula Principal Distribution Amount:
(a) Scheduled Principal $ 188,389.78
-------------
(b) Principal Prepayments 694,074.88
-------------
(c) Liquidated Loans 0.00
-------------
(d) Repurchases 550,102.60
-------------
(e) Pre-Funded Group I ARM Amount, if any
(Post-Funding Payment Date) 0.00
-------------
Total Principal $ 1,432,567.26
--------------
4. Group II ARM Formula Principal Distribution Amount:
(a) Scheduled Principal $ 16,283.07
-------------
(b) Principal Prepayments -27,662.53
-------------
(c) Liquidated Loans 0.00
-------------
(d) Repurchases 231,913.16
-------------
(e) Pre-Funded Group II ARM Amount, if any
(Post-Funding Payment Date) 0.00
-------------
(f) minus Group I ARM Formula Principal
Distribution Amount 0.00
-------------
Total Principal $ 220,533.70
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 2
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
5. (a) LIBOR 5.60750%
--------------
(b) Class AV-1 Pass-Through Margin 0.32%
--------------
(c) Available Funds Pass-Through Rate 5.92750%
--------------
6. (a) LIBOR 5.60750%
--------------
(b) Class AV-2 Pass-Through Margin 0.39%
--------------
(c) Available Funds Pass-Through Rate 5.99750%
--------------
7. Class A-IO Notional Principal Amount $90,000,000.00
--------------
Class A Certificates
- --------------------
Interest
8. Aggregate Current Interest
(a) Class AV-1 Pass-through Rate 5.92750%
(a floating rate per annum equal to the lesser --------
of (a) LIBOR plus .32%, or (b) the Available
Funds Pass-Through Rate, but in no case more
than 14.0%)
(b) Class AV-1 Interest $ 508,230.91
--------------
(c) Class AV-2 Pass-through Rate 5.99750%
(a floating rate per annum equal to the lesser --------
of (a) LIBOR plus .39%, or (b) the Available
Funds Paas-Through Rate, but in no case more
than 14.0%)
(d) Class AV-2 Interest $ 72,106.13
--------------
(e) Class AF-1 Pass-through Rate 6.45%
-----
(f) Class AF-1 Interest $ 480,080.19
--------------
(g) Class AF-2 Pass-through Rate 6.84%
-----
(h) Class AF-2 Interest $ 368,602.36
--------------
(i) Class AF-3 Pass-through Rate 7.03%
-----
(j) Class AF-3 Interest $ 115,213.70
--------------
(k) Class AF-4 Pass-through Rate 7.32%
-----
(l) Class AF-4 Interest $ 157,075.00
--------------
(m) Class AF-5 Pass-through Rate 7.60%
-----
(n) Class AF-5 Interest $ 120,956.36
--------------
(o) Class AF-6 Pass-through Rate 7.21%
-----
(p) Class AF-6 Interest $ 154,017.62
--------------
(q) Class A-IO Pass-through Rate 7.00%
-----
(r) Class A-IO Interest $ 262,500.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 3
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
9. Amount applied to Unpaid Class A Interest Shortfall:
(a) Class AV-1 $ 0.00
--------------
(b) Class AV-2 $ 0.00
--------------
(c) Class AF-1 $ 0.00
--------------
(d) Class AF-2 $ 0.00
--------------
(e) Class AF-3 $ 0.00
--------------
(f) Class AF-4 $ 0.00
--------------
(g) Class AF-5 $ 0.00
--------------
(h) Class AF-6 $ 0.00
--------------
(i) Class A-IO $ 0.00
--------------
10. Remaining Unpaid Class A Interest Shortfall:
(a) Class AV-1 $ 0.00
--------------
(b) Class AV-2 $ 0.00
--------------
(c) Class AF-1 $ 0.00
--------------
(d) Class AF-2 $ 0.00
--------------
(e) Class AF-3 $ 0.00
--------------
(f) Class AF-4 $ 0.00
--------------
(g) Class AF-5 $ 0.00
--------------
(h) Class AF-6 $ 0.00
--------------
(i) Class A-IO $ 0.00
--------------
Class M-1 Certificates
- ----------------------
11. Amount Available less all preceding distributions
and less Prepayment Charges $ 6,805,073.92
--------------
Interest on Class M-1 Adjusted Principal Balance
12. (a) Class MF-1 Adjusted Principal Balance $32,700,000.00
--------------
(b) Class MV-1 Adjusted Principal Balance $20,750,000.00
--------------
13. Current Interest
(a) Class MF-1 Pass-through Rate 8.10%
-----
(b) Class MF-1 Interest $ 110,362.50
--------------
(c) Class MV-1 Pass-through Rate 6.29750%
(a floating rate per annum equal to the lesser --------
of (a) LIBOR plus .69%, or (b) the Available
Funds Pass-Through Rate, but in no case more
than 14.0%)
(d) Class MV-1 Interest $ 54,447.14
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 4
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
14. (a) Amount applied to Unpaid Class MF-1 Interest Shortfall $ 0.00
--------------
(b) Amount applied to Unpaid Class MV-1 Interest Shortfall $ 0.00
--------------
15. (a) Remaining Unpaid Class MF-1 Interest Shortfall $ 0.00
--------------
(b) Remaining Unpaid Class MV-1 Interest Shortfall $ 0.00
--------------
Class M-2 Certificates
- ----------------------
16. Amount Available less all preceding distributions and less
Prepayment Charges $ 6,640,264.28
--------------
Interest on Class M-2 Adjusted Principal Balance
17. (a) Class MF-2 Adjusted Principal Balance $30,300,000.00
--------------
(b) Class MV-2 Adjusted Principal Balance $17,200,000.00
--------------
18. Current Interest
(a) Class MF-2 Pass-through Rate 9.29%
(floating rate equal to the Adjusted Weighted -----
Average Loan Rate, but in no event greater
than 9.29%)
(b) Class MF-2 Interest $ 117,286.25
--------------
(c) Class MV-2 Pass-through Rate 7.00750%
(floating rate equal to the Adjusted Weighted --------
Average Loan Rate, but in no event greater
than 1.40%)
(d) Class MV-2 Interest $ 50,220.42
--------------
19. (a) Amount applied to Unpaid Class MF-2 Interest Shortfall $ 0.00
--------------
(b) Amount applied to Unpaid Class MV-2 Interest Shortfall $ 0.00
--------------
20. (a) Remaining Unpaid Class MF-2 Interest Shortfall $ 0.00
--------------
(b) Remaining Unpaid Class MV-2 Interest Shortfall $ 0.00
--------------
Class B-1 Certificates
- ----------------------
21. Amount Available less all preceding distributions and less
Prepayment Charges $ 6,472,757.61
--------------
Interest on Class B-1 Adjusted Principal Balance
22. (a) Class BF-1 Adjusted Principal Balance $19,400,000.00
--------------
(b) Class BV-1 Adjusted Principal Balance $12,750,000.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 5
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
23. Current Interest
(a) Class BF-1 Pass-through Rate 10.00%
(floating rate equal to the Adjusted ------
Weighted Average Loan Rate, but in no
event greater than 10.0%)
(b) Class BF-1 Interest $ 80,833.33
--------------
(c) Class BV-1 Pass-through Rate 8.60750%
(floating rate equal to the Alesser of (a) --------
LIBOR plus 3.00% or (b) the Available Funds
Pass-Through Rate, but in no case more
than 14.0%)
(d) Class BV-1 Interest $ 45,727.34
--------------
24. (a) Amount applied to Unpaid Class BF-1 Interest Shortfall $ 0.00
--------------
(b) Amount applied to Unpaid Class BV-1 Interest Shortfall $ 0.00
--------------
25. (a) Remaining Unpaid Class BF-1 Interest Shortfall $ 0.00
--------------
(b) Remaining Unpaid Class BV-1 Interest Shortfall $ 0.00
--------------
Class P Certificates
- --------------------
26. 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: Fixed Rate Certificates
27. Average Sixty-Day Deliquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current Payment Date 0.00%
--------------
(b) Average Sixty-Day Delinquency Ratio Test (arithmetic average
of ratios for this month and two preceding months may not
exceed 35% of the Senior Enhancement Percentage for the Fixed
Rate Loans) 0.00%
--------------
28. Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current Payment Date $ 0.00
--------------
(b) Cumulative Realized Loss Ratio (Losses as a percentage
of Cut-off Date Principal Balances of Fixed Rate Loans
may not exceed 3.80% from December 1, 2002 to November 30,
2003, 4.51% from December 1, 2003 to November 30, 2004,
4.75% from December 1, 2004 to November 30, 1006, and
5.25% thereafter) 0.00%
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 6
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
29. Senior Enhancement Percentage: Fixed Rate Certificates
A fraction, expressed as a percentage:
(a) the numerator of which is the sum of (I) the Class MF-1, MF-2
and Class BF-1 Adjusted Principal Balances, (II) the sum of
the Class B-2 Principal Balance multiplied by a percentage
obtained by dividing the aggregate Scheduled Principal Balances
of the Fixed Rate Loans by the Pool Scheduled Principal Balance,
and (iii) the Over-Collateralization Amount for the Fixed
Rate Certificates 0.00%
--------------
(b) the denominator of which is the aggregate Scheduled
Principal Balances of the Fixed Rate Loans on such
Payment Date 0.00%
--------------
Trigger Event: Adjustable Rate Certificates
30. Average Sixty-Day Deliquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current Payment Date 0.00%
--------------
(b) Average Sixty-Day Delinquency Ratio Test (arithmetic average
of ratios for this month and two preceding months may not
exceed 35% of the Senior Enhancement Percentage for the
Adjustable Rate Loans) 0.00%
--------------
31. Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current Payment Date $ 0.00
--------------
(b) Cumulative Realized Loss Ratio (Losses as a percentage of
Cut-off Date Principal Balances of Adjustable Rate Loans
may not exceed 4.40% from December 1, 2002 to November 30,
2003, 5.23% from December 1, 2003 to November 30, 2004,
5.50% from December 1, 2004 to November 30, 1006,
and 6.00% thereafter) 0.00%
--------------
32. Senior Enhancement Percentage: Adjustable Rate Certificates
A fraction, expressed as a percentage:
(a) the numerator of which is the sum of (I) the Class MV-1,
MV-2 and Class BV-1 Adjusted Principal Balances, (II) the
sum of the Class B-2 Principal Balance multiplied by a
percentage obtained by dividing the aggregate Scheduled
Principal Balances of the Adjustable Rate Loans by the
Pool Scheduled Principal Balance, and (iii) the
Over-Collateralization Amount for the Adjustable
Rate Certificates 0.00%
--------------
(b) the denominator of which is the aggregate Scheduled Principal
Balances of the Adjustable Rate Loans on such Payment Date 0.00%
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 7
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
Class A Certificates
- --------------------
33. Amount Available less all preceding distributions $ 6,346,196.94
---------------
Principal
34. Class A Principal Distribution:
(a) Class AV-1: Formula Principal Distribution Amount $ 1,432,567.26
---------------
(b) Class AV-2: Formula Principal Distribution Amount $ 220,533.70
---------------
35. Class AF Formula Principal Distribution:
(a) Class AF-6
- Class AF-6 Lockout Percentage 0.00%
---------------
- Class AF-6 Principal Distribution Amount $ 0.00
---------------
(b) Class AF-1 $ 3,924,103.27
---------------
(c) Class AF-2 $ 0.00
---------------
(d) Class AF-3 $ 0.00
---------------
(e) Class AF-4 $ 0.00
---------------
(f) Class AF-5 $ 0.00
---------------
(g) Class AF-6 $ 0.00
---------------
36. Class A Principal Balance:
(a) Class AV-1 Principal Balance $204,346,290.74
---------------
(b) Class AV-2 Principal Balance $ 28,633,940.30
---------------
(c) Class AF-1 Principal Balance $174,710,387.73
---------------
(d) Class AF-2 Principal Balance $129,334,162.00
---------------
(e) Class AF-3 Principal Balance $ 39,333,268.00
---------------
(f) Class AF-4 Principal Balance $ 51,500,000.00
---------------
(g) Class AF-5 Principal Balance $ 38,196,744.00
---------------
(h) Class AF-6 Principal Balance $ 51,268,000.00
---------------
(i) Class A-IO Principal Balance $ 90,000,000.00
---------------
37. (a) Amount, if any, by which Class AV-1 Formula Principal
Distribution Amount exceeds Class AV-1 Principal
Distribution Amount $ 0.00
---------------
(b) Amount, if any, by which Class AV-2 Formula Principal
Distribution Amount exceeds Class AV-2 Principal
Distribution Amount $ 0.00
---------------
(c) Amount, if any, by which Class AF Formula Principal
Distribution Amount exceeds Class AF Principal
Distribution Amount $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 8
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
Class M-1 Certificates
- ----------------------
38. Amount Available less all preceding distributions $ 768,992.71
--------------
Principal
39. (a) Class MF-1 Principal Distribution $ 0.00
--------------
(b) Class MV-1 Principal Distribution $ 0.00
--------------
40. (a) Class MF-1 Principal Balance $32,700,000.00
--------------
(b) Class MV-1 Principal Balance $20,750,000.00
--------------
41. (a) Amount, if any, by which Class MF-1 Formula Principal
Distribution Amount exceeds Class MF-1 Principal
Distibution Amount $ 0.00
--------------
(b) Amount, if any, by which Class MV-1 Formula Principal
Distribution Amount exceeds Class MV-1 Principal
Distibution Amount $ 0.00
--------------
Class M-2 Certificates
- ----------------------
42. Amount Available less all preceding distributions $ 768,992.71
--------------
Principal
43. (a) Class MF-2 Principal Distribution $ 0.00
--------------
(b) Class MV-2 Principal Distribution $ 0.00
--------------
44. (a) Class MF-2 Principal Balance $30,300,000.00
--------------
(b) Class MV-2 Principal Balance $17,200,000.00
--------------
45. (a) Amount, if any, by which Class MF-2 Formula Principal
Distribution Amount exceeds Class MF-2 Principal
Distibution Amount $ 0.00
--------------
(b) Amount, if any, by which Class MV-2 Formula Principal
Distribution Amount exceeds Class MV-2 Principal
Distibution Amount $ 0.00
--------------
Class B-1 Certificates
- ----------------------
46. Amount Available less all preceding distributions $ 768,992.71
--------------
Principal
47. (a) Class BF-1 Principal Distribution $ 0.00
--------------
(b) Class BV-1 Principal Distribution $ 0.00
--------------
48. (a) Class BF-1 Principal Balance $19,400,000.00
--------------
(b) Class BV-1 Principal Balance $12,750,000.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 9
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
49. (a) Amount, if any, by which Class BF-1 Formula Principal
Distribution Amount exceeds Class BF-1 Principal
Distibution Amount $ 0.00
--------------
(b) Amount, if any, by which Class BV-1 Formula Principal
Distribution Amount exceeds Class BV-1 Principal
Distibution Amount $ 0.00
--------------
Class M-1 Certificates
- ----------------------
50. Amount Available less all preceding distributions $ 768,992.71
--------------
Liquidation Loss Interest
51. Amount applied to Class M-1 Liquidation Loss Interest Amount
(a) Class MF-1 $ 0.00
--------------
(b) Class MV-1 $ 0.00
--------------
52. Class M-1 Liquidation Loss Interest Shortfall
(a) Class MF-1 $ 0.00
--------------
(b) Class MV-1 $ 0.00
--------------
53. Amount applied to Unpaid Class M-1 Liquidation Loss Interest
Shortfall
(a) Class MF-1 $ 0.00
--------------
(b) Class MV-1 $ 0.00
--------------
54. Remaining Unpaid Class M-1 Liquidation Loss Interest Shortfall
(a) Class MF-1 $ 0.00
--------------
(b) Class MV-1 $ 0.00
--------------
Class M-2 Certificates
- ----------------------
55. Amount Available less all preceding distributions $ 768,992.71
--------------
Liquidation Loss Interest
56. Amount applied to Class M-2 Liquidation Loss Interest Amount
(a) Class MF-2 $ 0.00
--------------
(b) Class MV-2 $ 0.00
--------------
57. Class M-2 Liquidation Loss Interest Shortfall
(a) Class MF-2 $ 0.00
--------------
(b) Class MV-2 $ 0.00
--------------
58. Amount applied to Unpaid Class M-2 Liquidation Loss Interest
Shortfall
(a) Class MF-2 $ 0.00
--------------
(b) Class MV-2 $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 10
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
59. Remaining Unpaid Class M-2 Liquidation Loss Interest Shortfall
(a) Class MF-2 $ 0.00
--------------
(b) Class MV-2 $ 0.00
--------------
Class B-1 Certificates
- ----------------------
60. Amount Available less all preceding distributions $ 768,992.71
--------------
Liquidation Loss Interest
61. Amount applied to Class B-1 Liquidation Loss Interest Amount
(a) Class BF-1 $ 0.00
--------------
(b) Class BV-1 $ 0.00
--------------
62. Class B-1 Liquidation Loss Interest Shortfall
(a) Class BF-1 $ 0.00
--------------
(b) Class BV-1 $ 0.00
--------------
63. Amount applied to Unpaid Class B-1 Liquidation Loss Interest
Shortfall
(a) Class BF-1 $ 0.00
--------------
(b) Class BV-1 $ 0.00
--------------
64. Remaining Unpaid Class B-1 Liquidation Loss Interest Shortfall
(a) Class BF-1 $ 0.00
--------------
(b) Class BV-1 $ 0.00
--------------
Class B-2 Certificates
- ----------------------
65. Amount Available less all preceding distributions $ 768,992.71
--------------
Interest
66. Current Interest
(a) Class B-2 Pass-through Rate 10.00%
(floating rate equal to the Adjusted ------
Weighted Average Loan Rate, but in no event
greater than 10.0%)
(b) Class B-2 Interest $ 127,083.35
--------------
67. Amount applied to Unpaid Class B-2 Interest Shortfall $ 0.00
--------------
68. Remaining Unpaid Class B-2 Interest shortfall $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 11
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
Principal
69. Class B-2 Principal Distribution $ 0.00
--------------
70. Amount, if any, by which Class B-2 Formula Distribution Amount plus
Class B-2 Liquidation Loss Principal Amount exceeds Class B-2
Distribution Amount $ 0.00
--------------
71. Class B-2 Guaranty Payment $ 0.00
--------------
72. Class B-2 Principal Balance $30,500,003.00
--------------
Class AV-1 Certificates
- -----------------------
73. Amount Available less all preceding distributions $ 641,909.36
--------------
Available Funds Cap Carryover
74. (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 AV-2 Certificates
- -----------------------
75. Amount Available less all preceding distributions $ 641,909.36
--------------
Available Funds Cap Carryover
76. (a) Class AV-2 Available Funds Cap Carryover Amount $ 0.00
--------------
(b) Amount applied to Class AV-2 Available Funds Cap Carryover
Amount $ 0.00
--------------
(c) Class AV-2 Available Funds Cap Carryover Amount remaining
unpaid $ 0.00
--------------
Class MV-1 Certificates
- -----------------------
77. Amount Available less all preceding distributions $ 641,909.36
--------------
Available Funds Cap Carryover
78. (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
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 12
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
Class MV-2 Certificates
- -----------------------
79. Amount Available less all preceding distributions $ 641,909.36
--------------
Available Funds Cap Carryover
80. (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
--------------
Class BV-1 Certificates
- -----------------------
81. Amount Available less all preceding distributions $ 641,909.36
--------------
Available Funds Cap Carryover
82. (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
83. (a) Monthly Servicing Fee (if Originator or affiliate is
Servicer .50%) $ 375,000.00
--------------
(b) Reimbursement for unreimbursed Advances $ 0.00
--------------
84. Extra Principal Distribution Amount
(a) Class A
(i) Class AV-1 $ 0.00
--------------
(ii) Class AV-2 $ 0.00
--------------
(iii) Class AF-1 $ 0.00
--------------
(iv) Class AF-2 $ 0.00
--------------
(v) Class AF-3 $ 0.00
--------------
(vi) Class AF-4 $ 0.00
--------------
(vii) Class AF-5 $ 0.00
--------------
(viii) Class AF-6 $ 0.00
--------------
(b) Class M
(i) Class MF-1 $ 0.00
--------------
(ii) Class MV-1 $ 0.00
--------------
(iii) Class MF-2 $ 0.00
--------------
(iv) Class MV-2 $ 0.00
--------------
(c) Class B
(i) Class BF-1 $ 0.00
--------------
(ii) Class BV-1 $ 0.00
--------------
(iii) Class B-2 $ 0.00
--------------
(d) Class P
(i) Class P $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 13
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
85. Additional Principal Distribution Amount
(a) Class AF-6 Certificates until paid in full $ 0.00
---------------
(b) Class AF Certificates and Class AV Certificates, pro rata
based on the Class Principal Balance of each Class of
Class AF and Class AV Certificates until paid in full $ 0.00
---------------
(c) Class M-1, Class M-2, Class B-1 and Class B-2 Certificates,
pro rata based on the Class Principal Balance of each Class
until paid in full $ 0.00
---------------
Class A, Class M, and Class B Certificates
- ------------------------------------------
86. Pool Scheduled Principal Balance $894,422,795.77
---------------
(a) Fixed Rate Loans $609,075,896.73
---------------
(b) Group I Adjustable Rate Loans $244,167,432.74
---------------
(c) Group II Adjustable Rate Loans $ 41,179,466.30
---------------
Pool Certificate Balance $880,922,795.77
---------------
87. Pool Factors
(a) Class AV-1 Pool Factor .99303832
---------------
(b) Class AV-2 Pool Factor .99235704
---------------
(c) Class AF-1 Pool Factor .97803278
---------------
(d) Class AF-2 Pool Factor 1.00000000
---------------
(e) Class AF-3 Pool Factor 1.00000000
---------------
(f) Class AF-4 Pool Factor 1.00000000
---------------
(g) Class AF-5 Pool Factor 1.00000000
---------------
(h) Class AF-6 Pool Factor 1.00000000
---------------
(i) Class MF-1 Pool Factor 1.00000000
---------------
(j) Class MF-2 Pool Factor 1.00000000
---------------
(k) Class MV-1 Pool Factor 1.00000000
---------------
(l) Class MV-2 Pool Factor 1.00000000
---------------
(m) Class BF-1 Pool Factor 1.00000000
---------------
(n) Class BV-1 Pool Factor 1.00000000
---------------
(o) Class B-2 Pool Factor 1.00000000
---------------
88. Loans Delinquent:
Fixed Rate
(a) 31-59 days 569,831.00 14
------------------- ------------
(b) 60-89 days 61,900.00 4
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
Group I Adjustable Rate
(a) 31-59 days 503,439.00 6
------------------- ------------
(b) 60-89 days 57,394.00 1
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-H
MONTHLY REPORT November 1999
PAGE 14
Distribution Date: 12/15/99
CUSIP# 20846Q AR9 AS7 AT5
AU2,AV0,AW8,AX6
AY4,BF4,AZ1,BA5
BB3,BC1,BD9,BE7,BJ6
Trust Account: 3337919-0
<TABLE>
<CAPTION>
<S> <C> <C>
Group II Adjustable Rate
(a) 31-59 days 0.00 0
------------------- ------------
(b) 60-89 days 0.00 0
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
89. Principal Balance of Defaulted Loans
(a) Fixed Rate $ 0.00
---------------
(b) Group I Adjustable Rate $ 0.00
---------------
(c) Group II Adjustable Rate $ 0.00
---------------
90. Number of Liquidated Loans and Net Liquidated Loss
Fixed Rate # 0 $ 0.00
------------- ---------------
Group I Adjustable Rate # 0 $ 0.00
------------- ---------------
Group II Adjustable Rate # 0 $ 0.00
------------- ---------------
91. Number of Loans Remaining
Fixed Rate 8,646
---------------
Group I Adjustable Rate 1,962
---------------
Group II Adjustable Rate 95
---------------
92. Pre-Funded
Pre-Funded Fixed Rate Amount $ 0.00
---------------
Pre-Funded Group I ARM Amount $ 0.00
---------------
Pre-Funded Group II ARM Amount $ 0.00
---------------
93. Reimbursement of Class C Certificateholder expenses $ 0.00
---------------
Company
- -------
94. Class B-2 Guaranty Fee $ 266,909.36
---------------
Class P Certificates
- --------------------
95. Class P Principal Distribution $ 0.00
---------------
96. Class P Principal Balance $ 100.00
---------------
Class C Master Certificates
- ---------------------------
97. Class C Master 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 or
your Distribution.
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