CONSECO FINANCE CORP
8-K, EX-99.1, 2000-10-23
ASSET-BACKED SECURITIES
Previous: CONSECO FINANCE CORP, 8-K, 2000-10-23
Next: CONSECO FINANCE CORP, 8-K, 2000-10-23



<PAGE>

                              CONSECO FINANCE CORP.

                        CERTIFICATE OF SERVICING OFFICER


The undersigned certifies that she is Senior Vice President and Treasurer of
Conseco Finance Corp., a Delaware corporation (the "Company"), and that as such
she 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 June 1, 2000, (2000-3), between the Company and U.S.Bank
National Association, as Trustee (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 August 16, 2000 to September 15,
     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 27th day of
September, 2000.

                                       CONSECO FINANCE CORP.


                                       BY: /s/ Phyllis A. Knight
                                           -------------------------------------
                                           Phyllis A. Knight
                                           Senior Vice President and
                                           Treasurer
<PAGE>

                                                                   SERIES 2000-3
                                     CERTIFICATES for MANUFACTURED HOUSING LOANS
                                     MONTHLY REPORT                       Aug-00
                                             CUSIP NO. 20846QDJ4,DK1,DL9,DM7,DN5
                                                        TRUST ACCOUNT #3338282-0
                                                      REMITTANCE DATE 10/02/2000
                                     Page 1

<TABLE>
<CAPTION>
                                                                                         Total $                 Per $1,000
                                                                                          Amount                  Original
                                                                                      --------------           --------------
<S>                                                                                  <C>                      <C>

A.(1a)   Amount available (including Monthly Servicing Fee)                            15,032,078.78
                                                                                      --------------
   (b)   Insurance Premium (.28%)                                                         212,485.50
                                                                                      --------------
   (c)   Class M-1 Interest Deficiency Amount (if any) and Class B-1 Interest
         Deficiency Amount (if any) withdrawn for prior Remittance Date                         0.00
                                                                                      --------------
   (d)   Amount Available after giving effect to withdrawal of Class M-1 Interest
         Deficiency Amount and Class B-1 Interest Deficiency Amount for prior
         Remittance Date                                                               14,819,593.28
                                                                                      --------------

2.    Interest
         a.   Class A-1 Remittance Rate (8.26%)                                             8.26000%
                                                                                      --------------
         b.   Class A-1 Interest                                                        5,442,322.40               6.63697854
                                                                                      --------------           --------------

   (3)   Amount applied to:
         a.   Unpaid Class A-1 Interest Shortfall                                               0.00                        0
                                                                                      --------------           --------------

   (4)   Remaining:
         a.   Unpaid Class A-1 Interest Shortfall                                               0.00                        0
                                                                                      --------------           --------------

B.    Principal
   (5)   Formula Principal Distribution Amount                                          7,810,177.21                      N/A
                                                                                      --------------           --------------
         a.   Scheduled Principal                                                       1,975,963.73                      N/A
                                                                                      --------------           --------------
         b.   Principal Prepayments                                                     5,114,419.12                      N/A
                                                                                      --------------           --------------
         c.   Liquidated Contracts                                                        186,440.92                      N/A
                                                                                      --------------           --------------
         d.   Repurchases                                                                       0.00                      N/A
                                                                                      --------------           --------------
         e.   Current Month Advanced Principal                                          1,703,718.09                      N/A
                                                                                      --------------           --------------
         f.   Prior Month Advanced Principal                                          (2,299,593.28)                      N/A
                                                                                      --------------           --------------
         g.   Additional Principal Distribution                                         1,129,228.63
                                                                                      --------------
   (6)   Pool Scheduled Principal Balance                                             971,347,995.16
                                                                                      --------------

   (7)   Adjusted Pool Principal Balance                                              969,644,277.07             989.43293579
                                                                                      --------------           --------------
  (7a)   Pool Factor                                                                      0.98943294
                                                                                      --------------

   (8)   Net Certificate Balance                                                      942,841,986.78
                                                                                      --------------

   (9)   Pre-Funded Amount                                                                      0.00
                                                                                      --------------
         Over-Collateralization Amount (40,000,000.00 cap)                             26,802,290.29
                                                                                      --------------
  (10)   Unpaid Class A Principal Shortfall
         (if any) following prior Remittance Date                                               0.00
                                                                                      --------------

  (11)   Class A-1 Percentage for such Remittance Date                                        92.32%
                                                                                      --------------

  (12)   Class A-1 Percentage for the following Remittance Date                               92.27%
                                                                                      --------------

  (13)   Class A-1 Principal distribution                                               7,810,177.21               9.52460635
                                                                                      --------------           --------------

  (14)   Class A-1 Principal Balance                                                  782,841,986.78
                                                                                      --------------
 (14a)   Class A-1 Pool Factor                                                            0.95468535             954.68534973
                                                                                      --------------           --------------

  (15)   Unpaid Class A-1 Principal Shortfall
         (if any)following current Remittance Date                                              0.00
                                                                                      --------------

C.    Aggregate Scheduled Balances and Number of Delinquent
      Contracts as of Determination Date
  (16)   31-59 days                                                                    11,340,776.45                      299
                                                                                      --------------           --------------

  (17)   60 days or more                                                                9,106,700.65                      223
                                                                                      --------------           --------------

  (18)   Current Month Repossessions                                                      878,708.93                       24
                                                                                      --------------           --------------

  (19)   Repossession Inventory                                                         1,029,844.73                       32
                                                                                      --------------           --------------

  (20)   Weighted Average Contract Rate                                                     11.11465
                                                                                      --------------
</TABLE>
<PAGE>

                                                                   SERIES 2000-3
                                     CERTIFICATES for MANUFACTURED HOUSING LOANS
                                     MONTHLY REPORT                       Aug-00
                                             CUSIP NO. 20846QDJ4,DK1,DL9,DM7,DN5
                                                        TRUST ACCOUNT #3338282-0
                                     Page 2
<TABLE>
<CAPTION>
<S>                                                                                  <C>                      <C>

Class M-1 Distribution Test and Class B Distribution test (applicable on and
after the Remittance Date occurring in August 2004)

  (21)   Average Sixty - Day Delinquency Ratio Test

         (a)  Sixty - Day Delinquency Ratio for current Remittance Date                        1.04%
                                                                                      --------------
         (b)  Average Sixty - Day Delinquency Ratio (arithmetic average
              of ratios for this month and two preceding months;
              may not exceed 3.75%)                                                            0.74%
                                                                                      --------------

  (22)   AverageThirty - Day Delinquency Ratio Test

         (a)  Thirty - Day Delinquency Ratio for current Remittance Date                       2.21%
                                                                                      --------------
         (b)  Average Thirty - Day Delinquency Ratio (arithmetic average
              of ratios for this month and two preceding months;
              to be satisfied may not exceed 5.5%)                                             1.67%
                                                                                      --------------

  (23)   Cumulative Realized Losses Test

         (a)  Cumulative Realized Losses for current Remittance Date (as a
              percentage of Cut-off Date Pool Principal Balance; to be satisfied
              may not exceed 5.5% from August 1, 2004 to July 31, 2005, 7.0%
              from August 1, 2005 to July 31, 2006, 9.0% from August 1, 2006 to
              July 31, 2007 and 10.0% thereafter)                                              0.02%
                                                                                      --------------

  (24)   Current Realized Losses Test

         (a)  Current Realized Losses for current Remittance Date                         104,609.90
                                                                                      --------------

         (b)  Current Realized Loss Ratio (total Realized Losses for the most
              recent three months, multiplied by 4, divided by arithmetic
              average of Pool Scheduled Principal Balances for third preceding
              Remittance and for current Remittance Date; to be satisfied, may
              not exceed 2.25%)                                                                0.06%
                                                                                      --------------

  (25)   Class M Principal Balance Test

         (a)  The sum of Class M Principal Balance and Class B Principal
              Balance (before distributions on current Remittance Date) divided
              by Pool Scheduled Principal Balance as of preceding Remittance
              Date (must equal or exceed 22.5%)                                               16.39%
                                                                                      --------------

  (26)   Class B Principal Balance Test

         (a)  Class B Principal Balance (before any distributions on current
              Remittance Date) as of such Remittance date greater than
              $17,000,000.00                                                           75,000,000.00
                                                                                      --------------

         (b)  Class B Principal Balance (before any distributions on current
              Remittance Date) divided by pool Scheduled Principal Balance
              as of preceding Remittance Date is equal to or greater than 11.25%.              7.68%
                                                                                      --------------
</TABLE>
<PAGE>

                                                                   SERIES 2000-3
                                     CERTIFICATES for MANUFACTURED HOUSING LOANS
                                     MONTHLY REPORT                       Aug-00
                                             CUSIP NO. 20846QDJ4,DK1,DL9,DM7,DN5
                                                        TRUST ACCOUNT #3338282-0
                                     Page 3

<TABLE>
<CAPTION>
                                                                                         Total $                 Per $1,000
                                                                                          Amount                  Original
                                                                                      --------------           --------------
<S>                                                                                  <C>                      <C>

CLASS M-1 CERTIFICATES
----------------------

  (27)   Amount available (including Monthly Servicing Fee)                             1,567,093.67
                                                                                      --------------

A.    Interest
  (28)   Aggregate  interest

         (a)  Class M-1 Remittance Rate 8.26%, unless
              Weighted Average Contract Rate is below 8.26%)                                   8.26%
                                                                                      --------------
         (b)  Class M-1 Interest                                                          309,750.00               6.88333333
                                                                                      --------------           --------------

  (29)   Amount applied to Class M-1 Interest Deficiency Amount                                 0.00
                                                                                      --------------

  (30)   Remaining unpaid Class M-1 Interest Deficiency Amount                                  0.00
                                                                                      --------------

  (31)   Amount applied to:
         a.   Unpaid Class M-1 Interest Shortfall                                               0.00                        0
                                                                                      --------------           --------------

  (32)   Remaining:
         a.   Unpaid Class M-1 Interest Shortfall                                               0.00                        0
                                                                                      --------------           --------------

B.    Principal
  (33)   Formula Principal Distribution Amount                                                  0.00                      N/A
                                                                                      --------------           --------------
         a.   Scheduled Principal                                                               0.00                      N/A
                                                                                      --------------           --------------
         b.   Principal Prepayments                                                             0.00                      N/A
                                                                                      --------------           --------------
         c.   Liquidated Contracts                                                              0.00                      N/A
                                                                                      --------------           --------------
         d.   Repurchases                                                                       0.00                      N/A
                                                                                      --------------           --------------

  (34)   Class M-1 Principal Balance                                                   45,000,000.00            1000.00000000
                                                                                      --------------           --------------

 (35a)   Class M-1 Pool Factor                                                            1.00000000
                                                                                      --------------

  (36)   Class M-1 Percentage for such Remittance Date                                         0.00%
                                                                                      --------------

  (37)   Class M-1 Principal Distribution:
         a.   Class M-1 (current)                                                               0.00               0.00000000
                                                                                      --------------           --------------
         b.   Unpaid Class M-1 Principal Shortfall
              (if any) following prior Remittance Date                                          0.00
                                                                                      --------------

  (38)   Unpaid Class M-1 Principal Shortfall
         (if any) following current Remittance Date                                             0.00
                                                                                      --------------

  (39)   Class M-1 Percentage for the following Remittance Date                                0.00%
                                                                                      --------------
</TABLE>

PLEASE CONTACT US BANK TRUST N.A., BONDHOLDER RELATIONS: (612) 973-5800
WITH ANY QUESTIONS REGARDING THIS STATEMENT OR YOUR DISTRIBUTION
<PAGE>

                                                                   SERIES 2000-3
                                     CERTIFICATES for MANUFACTURED HOUSING LOANS
                                     MONTHLY REPORT                SERIES 2000-3
                                             CUSIP NO. 20846QDJ4,DK1,DL9,DM7,DN5
                                                        TRUST ACCOUNT #3338282-0
                                     Page 4

<TABLE>
<CAPTION>
                                                                                         Total $                 Per $1,000
                                                                                          Amount                  Original
                                                                                      --------------           --------------
<S>                                                                                  <C>                      <C>
CLASS M-2 CERTIFICATES
----------------------

  (27)   Amount available (including Monthly Servicing Fee)                             1,257,343.67
                                                                                      --------------

A.    Interest
  (28)   Aggregate interest

         (a)  Class M-2 Remittance Rate 8.26%, unless
              Weighted Average Contract Rate is below 8.26%)                                   8.26%
                                                                                      --------------
         (b)  Class M-2 Interest                                                          275,333.33               6.88333325
                                                                                      --------------           --------------

  (29)   Amount applied to Class M-2 Interest Deficiency Amount                                 0.00
                                                                                      --------------

  (30)   Remaining unpaid Class M-2 Interest Deficiency Amount                                  0.00
                                                                                      --------------

  (31)   Amount applied to:
         a.   Unpaid Class M-2 Interest Shortfall                                               0.00                        0
                                                                                      --------------           --------------

  (32)   Remaining:
         a.   Unpaid Class M-2 Interest Shortfall                                               0.00                        0
                                                                                      --------------           --------------

B.    Principal
  (33)   Formula Principal Distribution  Amount                                                 0.00                      N/A
                                                                                      --------------           --------------
         a.   Scheduled Principal                                                               0.00                      N/A
                                                                                      --------------           --------------
         b.   Principal Prepayments                                                             0.00                      N/A
                                                                                      --------------           --------------
         c.   Liquidated Contracts                                                              0.00                      N/A
                                                                                      --------------           --------------
         d.   Repurchases                                                                       0.00                      N/A
                                                                                      --------------           --------------

  (34)   Class M-2 Principal Balance                                                   40,000,000.00            1000.00000000
                                                                                      --------------           --------------

 (35a)   Class M-2 Pool Factor                                                            1.00000000
                                                                                      --------------

  (36)   Class M-2 Percentage for such Remittance Date                                         0.00%
                                                                                      --------------

  (37)   Class M-2 Principal Distribution:
         a.   Class M-2 (current)                                                               0.00               0.00000000
                                                                                      --------------           --------------
         b.   Unpaid Class M-2 Principal Shortfall
              (if any) following prior Remittance Date                                          0.00
                                                                                      --------------

  (38)   Unpaid Class M-2 Principal Shortfall
         (if any) following current Remittance Date                                             0.00
                                                                                      --------------

  (39)   Class M-2 Percentage for the following Remittance Date                                0.00%
                                                                                      --------------
</TABLE>

PLEASE CONTACT US BANK TRUST N.A., BONDHOLDER RELATIONS: (612) 973-5800
WITH ANY QUESTIONS REGARDING THIS STATEMENT OR YOUR DISTRIBUTION
<PAGE>

                                                                   SERIES 2000-3
                                     CERTIFICATES for MANUFACTURED HOUSING LOANS
                                     MONTHLY REPORT                       Aug-00
                                             CUSIP NO. 20846QDJ4,DK1,DL9,DM7,DN5
                                                        TRUST ACCOUNT #3338282-0
                                     Page 5

<TABLE>
<CAPTION>
                                                                                         Total $                 Per $1,000
                                                                                          Amount                  Original
                                                                                      --------------           --------------
<S>                                                                                  <C>                      <C>

CLASS BI-A&B CERTIFICATES
-------------------------

   (1)   Amount Available less the Class A
         Distribution Amount and Class M-1 Distribution
         Amount (including Monthly Servicing Fee)                                         982,010.34
                                                                                      --------------

   (2)   Class B-1 Remittance Rate (8.26%
         unless Weighted Average Contract Rate
         is below 8.26%)                                                                       8.26%
                                                                                      --------------

   (3)   Aggregate Class B1 Interest                                                      240,916.67               6.88333343
                                                                                      --------------           --------------

   (4)   Amount applied to Unpaid
         Class B1 Interest Shortfall                                                            0.00                     0.00
                                                                                      --------------           --------------

   (5)   Remaining Unpaid Class B1
         Interest Shortfall                                                                     0.00                     0.00
                                                                                      --------------           --------------

   (6)   Amount applied to Class B-1
         Interest Deficiency Amount                                                             0.00
                                                                                      --------------

   (7)   Remaining Unpaid Class B-1
         Interest Deficiency Amount                                                             0.00
                                                                                      --------------

   (8)   Unpaid Class B-1 Principal Shortfall
         (if any) following prior Remittance Date                                               0.00
                                                                                      --------------
  (8a)   Class B Percentage for such Remittance Date                                            0.00
                                                                                      --------------

   (9)   Current Principal (Class B Percentage of Formula Principal
         Distribution Amount)                                                                   0.00               0.00000000
                                                                                      --------------           --------------

 (10a)   Class B1 Principal Shortfall                                                           0.00
                                                                                      --------------
 (10b)   Unpaid Class B1 Principal Shortfall                                                    0.00
                                                                                      --------------

  (11)   Class B Principal Balance                                                     75,000,000.00
                                                                                      --------------

  (12)   Class B1 Principal Balance                                                    35,000,000.00
                                                                                      --------------
 (12a)   Class B1 Pool Factor                                                             1.00000000
                                                                                      --------------
</TABLE>

PLEASE CONTACT US BANK TRUST N.A., BONDHOLDER RELATIONS: (612) 973-5800
WITH ANY QUESTIONS REGARDING THIS STATEMENT OR YOUR DISTRIBUTION
<PAGE>

                                                                   SERIES 2000-3
                                     CERTIFICATES for MANUFACTURED HOUSING LOANS
                                     MONTHLY REPORT                       Aug-00
                                             CUSIP NO. 20846QDJ4,DK1,DL9,DM7,DN5
                                                        TRUST ACCOUNT #3338282-0
                                     Page 6

<TABLE>
<CAPTION>
                                                                                         Total $                 Per $1,000
                                                                                          Amount                  Original
                                                                                      --------------           --------------
<S>                                                                                  <C>                      <C>

CLASS B2 CERTIFICATES
---------------------

  (13)   Remaining Amount Available                                                       741,093.67
                                                                                      --------------

  (14)   Class B-2 Remittance Rate (10.00%
         unless Weighted Average Contract
         Rate is less than 10.00%)                                                            10.00%
                                                                                      --------------

  (15)   Aggregate Class B2 Interest                                                      333,333.33               8.33333325
                                                                                      --------------           --------------

  (16)   Amount applied to Unpaid
         Class B2 Interest Shortfall                                                            0.00                     0.00
                                                                                      --------------           --------------

  (17)   Remaining Unpaid Class B2
         Interest Shortfall                                                                     0.00                     0.00
                                                                                      --------------           --------------

  (18)   Unpaid Class B2 Principal Shortfall
         (if any) following prior Remittance Date                                               0.00
                                                                                      --------------

  (19)   Class B2 Principal Liquidation Loss Amount                                             0.00
                                                                                      --------------

  (20)   Class B2 Principal (zero until class B1
         paid down: thereafter, Class B Percentage
         of formula Principal Distribution Amount)                                              0.00               0.00000000
                                                                                      --------------           --------------

  (21)   Guarantee Payment                                                                      0.00
                                                                                      --------------

  (22)   Class B2 Principal Balance                                                    40,000,000.00
                                                                                      --------------
 (22a)   Class B2 Pool Factor                                                             1.00000000
                                                                                      --------------
Class C Certificates
--------------------

  (23)   Monthly Servicing Fee (deducted from Certificate Account balance
         to arrive at Amount Available if the Company or Green Tree
         Financial Servicing Corporation is not the Servicer; deducted
         from funds remaining after payment of Class A Distribution
         Amount,Class M-1 Distribution Amount, Class B-1 Distribution Amount
         and Class B-2 Distribution Amount, if the Company or Green Tree
         Financial Servicing Corp. is the Servicer)                                       407,760.34
                                                                                      --------------

  (24)   Class C Residual Payment                                                               0.00
                                                                                      --------------

  (25)   Class B-3I Shortfall                                                             678,148.97
                                                                                      --------------

  (26)   Unpaid Class B-3I Shortfall                                                  (1,666,699.14)
                                                                                      --------------

  (27)   Class M-1 Interest Deficiency on such Remittance Date                                  0.00
                                                                                      --------------

  (28)   Class B-1 Interest Deficiency on such Remittance Date                                  0.00
                                                                                      --------------
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission