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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):November 15, 1999
HOME EQUITY LOAN TRUST 1999-F
- --------------------------------------------------------------------------------
(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 November 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
November 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: November 15, 1999
HOME EQUITY LOAN TRUST 1999-F
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 November 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-F (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
November, 1999.
CONSECO FINANCE CORP.
BY: /s/ Phyllis A. Knight
---------------------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
[LOGO OF CONSECO]
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-F (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 October 1, 1999 to October 31, 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
November, 1999.
CONSECO FINANCE CORP.
BY: /s/ Phyllis A. Knight
---------------------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
1. Amount Available (including Monthly Servicing Fee) $10,053,471.49
--------------
2. Group I Fixed Formula Principal Distribution Amount:
(a) Scheduled Principal $ 415,361.39
-------------
(b) Principal Prepayments -36,277.30
-------------
(c) Liquidated Loans 0.00
-------------
(d) Repurchases/Substitutions 1,834,601.20
-------------
(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 0.00
-------------
Total Principal $ 2,213,685.29
--------------
3. Group I ARM Formula Principal Distribution Amount:
(a) Scheduled Principal $ 82,673.79
-------------
(b) Principal Prepayments 17,203.15
-------------
(c) Liquidated Loans 0.00
-------------
(d) Repurchases/Substitutions 289,188.71
-------------
(e) Pre-Funded Group I ARM Amount, if any
(Post-Funding Payment Date) 0.00
-------------
(f) Clause (vi) of definition 0.00
-------------
Total Principal $ 389,065.65
--------------
4. Group II ARM Formula Principal Distribution Amount:
(a) Scheduled Principal $ 37,424.50
-------------
(b) Principal Prepayments 5,914.58
-------------
(c) Liquidated Loans 0.00
-------------
(d) Repurchases/Substitutions 96,811.94
-------------
(e) Pre-Funded Group II ARM Amount, if any
(Post-Funding Payment Date) 0.00
-------------
(f) Clause (vi) of definition 0.00
-------------
Total Principal $ 140,151.02
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 2
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
5. Group II Fixed Formula Principal Distribution Amount:
(a) Scheduled Principal $ 85,025.10
----------------
(b) Principal Prepayments 76,632.71
----------------
(c) Liquidated Loans 0.00
----------------
(d) Repurchases/Substitutions 284,695.63
----------------
(e) Pre-Funded Group II ARM Amount, if any
(Post-Funding Payment Date) 0.00
----------------
(f) Clause (vi) of definition 0.00
----------------
Total Principal $ 446,353.44
--------------
6. Senior Percentage 100%
--------------
7. Class B Percentage 0%
--------------
8. (a) LIBOR 5.40625%
--------------
(b) Class A-1A ARM Pass-Through Margin (.35) 0.35%
--------------
(c) Available Funds Pass-Through Rate 5.75625%
--------------
9. (a) LIBOR 5.40625%
--------------
(b) Class A-1B ARM Pass-Through Margin (.42%) 0.42%
--------------
(c) Available Funds Pass-Through Rate 5.82625%
--------------
10. Class HE: A-4 IO Notional Principal Amount $75,000,000.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 3
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Class A Certificates
- --------------------
Interest
11. Aggregate Current Interest
(a) Class A-1A ARM Pass-through Rate 5.75625%
--------
(a floating rate per annum equal to the lesser of (a) LIBOR plus
the Class A-1A ARM Pass-Through Margin, or (b) the Available
Funds Pass-Through Rate, but in no case more than 14.0%)
(b) Class A-1A ARM Interest $ 862,121.18
--------------
(c) Class A-1B ARM Pass-through Rate 5.82625%
--------
(a floating rate per annum equal to the lesser of (a) LIBOR plus
the Class A-1B ARM Pass-Through Margin, or (b) the Available
Funds Pass-Through Rate, but in no case more than 14.0%)
(d) Class A-1B ARM Interest $ 376,096.47
--------------
(e) Class A-1 Pass-through Rate 6.29%
-----
(f) Class A-1 Interest $ 454,683.81
--------------
(g) Class A-2 Pass-through Rate 6.72%
-----
(h) Class A-2 Interest $ 697,200.00
--------------
(i) Class A-3 Pass-through Rate 6.97%
-----
(j) Class A-3 Interest $ 228,662.47
--------------
(k) Class A-3A Pass-through Rate 7.35%
-----
(l) Class A-3A Interest $ 585,800.85
--------------
(m) Class A-4 IO Pass-through Rate 6.65%
-----
(n) Class A-4 IO Interest $ 415,625.00
--------------
12. Amount applied to Unpaid Class A Interest Shortfall $ 0.00
--------------
13. Remaining Unpaid Class A Interest Shortfall $ 0.00
--------------
Class M-1 Certificates
- ----------------------
14. Amount Available less all preceding distributions $ 6,433,281.71
--------------
Interest on Class M-1 Adjusted Principal Balance
15. Class M-1 Adjusted Principal Balance $42,375,000.00
--------------
16. Current Interest
(a) Class M-1 Pass-through Rate 7.97%
-----
(floating rate equal to the Weighted Average Loan Rate,
but in no event greater than 7.97%)
(b) Class M-1 Interest $ 281,440.63
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 4
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
17. Amount applied to Unpaid Class M-1 Interest Shortfall $ 0.00
--------------
18. Remaining Unpaid Class M-1 Interest Shortfall $ 0.00
--------------
Class M-2 Certificates
- ----------------------
19. Amount Available less all preceding distributions $ 6,151,841.08
--------------
Interest on Class M-2 Adjusted Principal Balance
20. Class M-2 Adjusted Principal Balance $43,875,000.00
--------------
21. Current Interest
(a) Class M-2 Pass-through Rate 9.30%
-----
(floating rate equal to the Weighted Average Loan Rate,
but in no event greater than 9.30%)
(b) Class M-2 Interest $ 340,031.25
--------------
22. Amount applied to Unpaid Class M-2 Interest Shortfall $ 0.00
--------------
23. Remaining Unpaid Class M-2 Interest Shortfall $ 0.00
--------------
Class B-1 Certificates
- ----------------------
24. Amount Available less all preceding distributions $ 5,811,809.83
--------------
Interest on Class B-1 Adjusted Principal Balance
25. Class B-1 Adjusted Principal Balance $26,250,000.00
--------------
26. Current Interest
(a) Class B-1 Pass-through Rate 9.50%
-----
(floating rate equal to the Weighted Average Loan Rate,
but in no event greater than 9.50%)
(b) Class B-1 Interest $ 207,812.50
--------------
27. Amount applied to Unpaid Class B-1 Interest Shortfall $ 0.00
--------------
28. Remaining Unpaid Class B-1 Interest Shortfall $ 0.00
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 5
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Class A Certificates
- --------------------
29. Amount Available less all preceding distributions $ 5,603,997.33
---------------
Principal
30. Class A Principal Distribution:
(a) Class A-1A ARM $ 389,065.65
---------------
(b) Class A-1B ARM $ 140,151.02
---------------
(c) Senior Percentage of Group I Fixed Formula Principal Distribution Amount
(i) Class A-1 $ 2,213,685.29
---------------
(ii) Class A-2 $ 0.00
---------------
(iii) Class A-3 $ 0.00
---------------
(d) Class A-3A - Group II Fixed Formula Principal Distibution Amount $ 446,353.44
---------------
31. Class A Certificate Principal Balance:
(a) Class A-1A ARM Principal Balance $173,538,922.14
---------------
(b) Class A-1B ARM Principal Balance $ 74,823,537.87
---------------
(c) Class A-1 Principal Balance $ 84,530,444.03
---------------
(d) Class A-2 Principal Balance $124,500,000.00
---------------
(e) Class A-3 Principal Balance $ 39,368,000.00
---------------
(f) Class A-3A Principal Balance $ 95,194,602.30
---------------
32. Amount, if any, by which Class A Formula Principal Distribution Amount
exceeds the amount distributed pursuant to item (30) $ 0.00
---------------
Class M-1 Certificates
- ----------------------
33. Amount Available less all preceding distributions $ 2,414,741.93
---------------
Principal
34. Class M-1 Principal Distribution $ 0.00
---------------
35. Class M-1 Principal Balance $ 42,375,000.00
---------------
36. Amount, if any, by which the amount in clause (c) of the Class M-1 Formula
Distribution Amount exceeds the amount distributed pursuant to item (35) $ 0.00
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 6
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Class M-2 Certificates
- ----------------------
37. Amount Available less all preceding distributions $ 2,414,741.93
--------------
Principal
38. Class M-2 Principal Distribution $ 0.00
--------------
39. Class M-2 Principal Balance $43,875,000.00
--------------
40. Amount, if any, by which the amount in clause (c) of the Class M-2 Formula
Distribution Amount (the "Class M-2 Formula Principal Distribution Amount")
exceeds the amount distributed pursuant to item (39) $ 0.00
--------------
Class B Principal Distribution Tests
(tests must be satisfied on and after the Payment Date occurring in October 2002)
41. Average Sixty-Day Deliquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current Payment Date 0.03%
--------------
(b) Average Sixty-Day Delinquency Ratio Test (arithmetic average of
ratios for this month and two preceding months; may not exceed 10%) 0.02%
--------------
42. Average Thirty-Day Delinquency Ratio Test
(a) Thirty-Day Delinquency Ratio for current Payment Date 0.36%
--------------
(b) Average Thirty-Day Delinquency Ratio Test ( arithmetic average of
ratios for this month and two preceding months; may not exceed 12%) 0.16%
--------------
43. Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current Payment Date ( as a percentage
of Cut-off Date Pool Principal Balance: may not exceed 7.5%.) 0.00%
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 7
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
44. Current Realized Losses Test
(a) Current Realized Losses for current Payment Date $ 0.00
--------------
(b) Current Realized Loss Ratio (total Realized Losses for most recent
six months, multiplied by 2, divided by arithmetic average of Pool
Scheduled Principal Balance for sixth preceding Payment Date and
for current Payment Date; may not exceed 2.0%) 0.00%
--------------
45. Class B Principal Balance Test
(a) Class B Principal Balance plus Over-collateralization Adjustment Amount
divided by Pool Scheduled Principal Balance for prior Payment Date
(must equal or exceed 15.3%) 7.33%
--------------
Class B-1 Certificates
- ----------------------
46. Amount Available less all preceding distributions $ 2,414,741.93
--------------
Principal
47. Class B-1 Principal Distribution $ 0.00
--------------
48. Class B-1 Principal Balance $26,250,000.00
--------------
49. Amount, if any, by which the amount in clause (c) of the Class B-1 Formula
Distribution Amount exceeds the amount distributed pursuant to item (48) $ 0.00
--------------
Class M-1 Certificates
- ----------------------
50. Amount Available less all preceding distributions $ 2,414,741.93
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 8
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Liquidation Loss Interest
51. Class M-1 Formula Liquidation Loss Interest Distribution Amount $ 0.00
-------------
52. Amount applied to Unpaid Class M-1 Liquidation Loss Interest Shortfall $ 0.00
-------------
53. Remaining Unpaid Class M-1 Liquidation Loss Interest Shortfall $ 0.00
-------------
Class M-2 Certificates
- ----------------------
54. Amount Available less all preceding distributions $2,414,741.93
-------------
Liquidation Loss Interest
55. Class M-2 Formula Liquidation Loss Interest Distribution Amount $ 0.00
-------------
56. Amount applied to Unpaid Class M-2 Liquidation Loss Interest Shortfall $ 0.00
-------------
57. Remaining Unpaid Class M-2 Liquidation Loss Interest Shortfall $ 0.00
-------------
Class B-1 Certificates
- ----------------------
58. Amount Available less all preceding distributions $2,414,741.93
-------------
Liquidation Loss Interest
59. Class B-1 Formula Liquidation Loss Interest Distribution Amount $ 0.00
-------------
60. Amount applied to Unpaid Class B-1 Liquidation Loss Interest Shortfall $ 0.00
-------------
61. Remaining Unpaid Class B-1 Liquidation Loss Interest Shortfall $ 0.00
-------------
Class B-2 Certificates
- ----------------------
62. Amount Available less all preceding distributions $2,414,741.93
-------------
Interest
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 9
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
63. Current Interest
(a) Class B-2 Pass-through Rate 9.50%
-----
(floating rate equal to the Weighted Average Loan Rate,
but in no event greater than 9.50%)
(b) Class B-2 Interest $ 225,628.33
--------------
64. Amount applied to Unpaid Class B-2A Interest Shortfall $ 0.00
--------------
65. Remaining Unpaid Class B-2A Interest shortfall $ 0.00
--------------
Principal
66. Class B-2 Principal Distribution $ 0.00
--------------
67. Class B-2 Guaranty Payment $ 0.00
--------------
68. Class B-2 Principal Balance $28,500,420.00
--------------
69. 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
--------------
Class A-1A ARM Certificates
- ---------------------------
70. Amount Available less all preceding distributions $ 2,189,113.60
--------------
Available Fund Limitation Interest
71. Class A-1A ARM Formula Available Funds Limitation Interest
Distribution Amount $ 0.00
--------------
72. Amount applied to Unpaid Class A-1A ARM Available Funds
Limitation Shortfall $ 0.00
--------------
73. Remaining Unpaid Class A-1A ARM Available Funds Limitation Shorfall $ 0.00
--------------
Class A-1B ARM Certificates
- ---------------------------
74. Amount Available less all preceding distributions $ 2,189,113.60
--------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 10
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Available Fund Limitation Interest
75. Class A-1B ARM Formula Available Funds Limitation Interest
Distribution Amount $ 0.00
---------------
76. Amount applied to Unpaid Class A-1B ARM Available Funds
Limitation Shortfall $ 0.00
---------------
77. Remaining Unpaid Class A-1B ARM Available Funds Limitation Shorfall $ 0.00
---------------
Class A, Class M, and Class B Certificates
- ------------------------------------------
78. Pool Scheduled Principal Balance $744,205,926.34
---------------
(a) Group I Fixed Rate Loans $400,648,844.03
---------------
(b) Group II Fixed Rate Loans $ 95,194,622.30
---------------
(c) Group I Adjustable Rate Loans $173,538,922.14
---------------
(d) Group II Adjustable Rate Loans $ 74,823,537.87
---------------
79. Aggregate Pool Balance $744,171,726.65
---------------
80. Pool Certificate Balance $732,955,926.34
---------------
81. Overcollateralization Amount $ 11,215,800.31
---------------
82. Pool Factors
(a) Class A-1A ARM Pool Factor .99165098
---------------
(b) Class A-1B ARM Pool Factor .99764717
---------------
(c) Class A-1 Pool Factor .96057323
---------------
(d) Class A-2 Pool Factor 1.00000000
---------------
(e) Class A-3 Pool Factor 1.00000000
---------------
(f) Class A-3A Pool Factor .99283514
---------------
(g) Class M-1 Pool Factor 1.00000000
---------------
(h) Class M-2 Pool Factor 1.00000000
---------------
(i) Class B-1 Pool Factor 1.00000000
---------------
(j) Class B-2 Pool Factor 1.00000000
---------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 11
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C>
83. Loans Delinquent:
Fixed Rate Group I
(a) 31-59 days 1,127,600.00 18
------------------- ------------
(b) 60-89 days 53,022.00 1
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
Fixed Rate Group II
(a) 31-59 days 536,336.00 6
------------------- ------------
(b) 60-89 days 0.00 0
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
Group I Adjustable Rate
(a) 31-59 days 683,624.00 9
------------------- ------------
(b) 60-89 days 61,177.00 1
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
Group II Adjustable Rate
(a) 31-59 days 51,300.00 1
------------------- ------------
(b) 60-89 days 0.00 0
------------------- ------------
(c) 90 or more days 0.00 0
------------------- ------------
84. Principal Balance of Defaulted Loans
(a) Fixed Rate Group I $ 0.00
-------------
(b) Fixed Rate Group II $ 0.00
-------------
(c) Group I Adjustable Rate $ 0.00
-------------
(d) Group II Adjustable Rate $ 91,209.84
-------------
85. Number of Liquidated Loans and Net Liquidated Loss
(a) Fixed Rate Group I # 0 $ 0.00
---------------- -------------
(b) Fixed Rate Group II # 0 $ 0.00
---------------- -------------
(c) Group I Adjustable Rate # 0 $ 0.00
---------------- -------------
(d) Group II Adjustable Rate # 0 $ 0.00
---------------- -------------
</TABLE>
<PAGE>
CERTIFICATES FOR HOME EQUITY LOANS 1999-F
MONTHLY REPORT OCTOBER 1999
PAGE 12
Distribution Date: 11/15/99
------------------------
CUSIP# 20846Q AA6 AB4
------------------------
AC2 AD0 AE9
------------------------
AF5 AG3 AH1
------------------------
AJ7 AK4 AL2
------------------------
Trust Account: 3337795-0
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
86. Number of Loans Remaining
(a) Fixed Rate Group I 6,728
--------------
(b) Fixed Rate Group II 1,171
--------------
(c) Group I Adjustable Rate 1,662
--------------
(d) Group II Adjustable Rate 537
--------------
87. Pre-Funded $ 0.00
-------------
Pre-Funded Fixed Rate Group I Amount $ 0.00
-------------
Pre-Funded Fixed Rate Group II Amount $ 0.00
-------------
Pre-Funded Group I ARM Amount $ 0.00
-------------
Pre-Funded Group II ARM Amount $ 0.00
-------------
Company
- -------
88. Monthly Servicing Fee $ 311,414.66
-------------
Company
- -------
89. Class B-2 Guaranty Fee $1,868,487.95
-------------
Class C Subsidiary Certificates
- -------------------------------
90. Class C Subsidiary residual payment $ 0.00
-------------
Class C Master Certificates
- ---------------------------
91. Class C Master Distribution Amount $ 9,210.99
-------------
</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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