CONSECO FINANCE CORP
8-K, 2000-01-19
ASSET-BACKED SECURITIES
Previous: CONSECO FINANCE CORP, 8-K, 2000-01-19
Next: CONSECO FINANCE CORP, 8-K, 2000-01-19



<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):January 17, 2000


               HOME IMPROVEMENT AND HOME EQUITY LOAN TRUST 1999-G
             ------------------------------------------------------
             (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 January 17, 2000, 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
                              January 17, 2000.
<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: January 17, 2000


                                       HOME IMPROVEMENT AND HOME EQUITY LOAN
                                       TRUST 1999-G

                                       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 January 17, 2000.

<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 Improvement and Home Equity Loan
Trust 1999-G (all capitalized terms used herein without definition having the
respective meanings specified in the Agreement), and further certifies that:

1.   The contracts on the attached schedule are to be repurchased by the Company
     on the date hereof pursuant to Sections 3.05 of the Agreement.

2.   Upon deposit of the Repurchase Price for such Contracts, such Contracts
     may, pursuant to Section 8.06 of the Agreement, be assigned by the Trustee
     to the Company.

IN WITNESS WHEREOF, I have affixed hereunto my signature this 12th day of
January, 2000.

                                        CONSECO FINANCE CORP.


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

                              CONSECO FINANCE CORP.

                        CERTIFICATE OF SERVICING OFFICER


The undersigned certifies that she is Senior Vice President and Treasurer of
Conseco Finance Corp., a Minnesota corporation (the "Company"), and that as such
he is duly authorized to execute and deliver this certificate on behalf of the
Company pursuant to Section 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated as of September 1, 1999 between the Company and U S Bank
Trust (N.A), as Trustee of Home Improvement and Home Equity Loan Trust 1999-G
(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 December 1, 1999 to December 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 12th day of
January, 2000.

                                        CONSECO FINANCE CORP.


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

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
    1.   Amount Available                                                                              $  6,661,875.55
                                                                                                       ---------------

    2.   Monthly Servicing Fee ( if Originator is not the Servicer)
         (up to 1/12 of 0.75% of Pool Scheduled Principal Balance)                                     $          0.00
                                                                                                       ---------------

Interest
- --------

         Class A
         -------

    3.   Class A-1 Interest Rate                                                        6.57%
                                                                                        -----
         (a)  Class A-1 Interest Amount                                                                $    216,248.95
                                                                                                       ---------------
         (b)  Unpaid Class A-1 Interest Shortfall                                                      $          0.00
                                                                                                       ---------------
         (c)  Class A-1 Interest Paid                                                                  $    216,248.95
                                                                                                       ---------------
         (d)  Class A-1 Interest Carryover Shortfall                                                   $          0.00
                                                                                                       ---------------

    4.   Class A-2 Interest Rate                                                        7.14%
                                                                                        -----
         (a)  Class A-2 Interest Amount                                                                $    287,980.00
                                                                                                       ---------------
         (b)  Unpaid Class A-2 Interest Shortfall                                                      $          0.00
                                                                                                       ---------------
         (c)  Class A-2 Interest Paid                                                                  $    287,980.00
                                                                                                       ---------------
         (d)  Class A-2 Interest Carryover Shortfall                                                   $          0.00
                                                                                                       ---------------

    5.   Class A-3 Interest Rate                                                        7.36%
                                                                                        -----
         (a)  Class A-3 Interest Amount                                                                $    152,720.00
                                                                                                       ---------------
         (b)  Unpaid Class A-3 Interest Shortfall                                                      $          0.00
                                                                                                       ---------------
         (c)  Class A-3 Interest Paid                                                                  $    152,720.00
                                                                                                       ---------------
         (d)  Class A-3 Interest Carryover Shortfall                                                   $          0.00
                                                                                                       ---------------

    6.   Class A-4 Interest Rate                                                        7.55%
                                                                                        -----
         (a)  Class A-4 Interest Amount                                                                $    190,008.33
                                                                                                       ---------------
         (b)  Unpaid Class A-4 Interest Shortfall                                                      $          0.00
                                                                                                       ---------------
         (c)  Class A-4 Interest Paid                                                                  $    190,008.33
                                                                                                       ---------------
         (d)  Class A-4 Interest Carryover Shortfall                                                   $          0.00
                                                                                                       ---------------

    7.   Class A-5 Interest Rate                                                        8.08%
                                                                                        -----
         (a)  Class A-5 Interest Amount                                                                $    235,666.67
                                                                                                       ---------------
         (b)  Unpaid Class A-5 Interest Shortfall                                                      $          0.00
                                                                                                       ---------------
         (c)  Class A-5 Interest Paid                                                                  $    235,666.67
                                                                                                       ---------------
         (d)  Class A-5 Interest Carryover Shortfall                                                   $          0.00
                                                                                                       ---------------

    8.   Class A-6 Interest Rate                                                        8.16%
                                                                                        -----
         (a)  Class A-6 Interest Amount                                                                $     88,570.00
                                                                                                       ---------------
         (b)  Unpaid Class A-6 Interest Shortfall                                                      $          0.00
                                                                                                       ---------------
         (c)  Class A-6 Interest Paid                                                                  $     88,570.00
                                                                                                       ---------------
         (d)  Class A-6 Interest Carryover Shortfall                                                   $          0.00
                                                                                                       ---------------

</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 2
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
         Class M
         -------

    9.   Interest on Class M-1 Adjusted Principal Balance
         (a)  Class M-1 Adjusted Principal Balance                                                     $22,000,000.00
                                                                                                       --------------
         (b)  Class M-1 Interest Rate                                                    8.88%
                                                                                         -----
         (c)  Class M-1 Interest Amount                                                                $   162,800.00
                                                                                                       --------------
         (d)  Unpaid Class M-1 Interest Shortfall                                                      $         0.00
                                                                                                       --------------
         (e)  Class M-1 Interest Paid                                                                  $   162,800.00
                                                                                                       --------------
         (f)  Class M-1 Interest Carryover Shortfall                                                   $         0.00
                                                                                                       --------------

   10.   Interest on Class M-2 Adjusted Principal Balance
         (a)  Class M-2 Adjusted Principal Balance                                                     $17,875,000.00
                                                                                                       --------------
         (b)  Class M-2 Interest Rate                                                    9.52%
                                                                                         -----
         (c)  Class M-2 Interest Amount                                                                $   141,808.33
                                                                                                       --------------
         (d)  Unpaid Class M-2 Interest Shortfall                                                      $         0.00
                                                                                                       --------------
         (e)  Class M-2 Interest Paid                                                                  $   141,808.33
                                                                                                       --------------
         (f)  Class M-2 Interest Carryover Shortfall                                                   $         0.00
                                                                                                       --------------

         Class B-1
         ---------

   11.   Interest on Class B-1 Adjusted Principal Balance
         (a)  Class B-1 Adjusted Principal Balance                                                     $14,437,000.00
                                                                                                       --------------
         (b)  Class B-1 Interest Rate                                                   10.48%
                                                                                        ------
         (c)  Class B-1 Interest Amount                                                                $   126,083.13
                                                                                                       --------------
         (d)  Unpaid Class B-1 Interest Shortfall                                                      $         0.00
                                                                                                       --------------
         (e)  Class B-1 Interest Paid                                                                  $   126,083.13
                                                                                                       --------------
         (f)  Class B-1 Interest Carryover Shortfall                                                   $         0.00
                                                                                                       --------------

Principal
- ---------

   12.   Formula Principal Distribution Amount

         (a)  Scheduled Principal                                               $   382,502.41
                                                                                --------------
         (b)  Principal Prepayments                                             $ 2,956,592.26
                                                                                --------------
         (c)  Liquidated Loans                                                  $    24,591.38
                                                                                --------------
         (d)  Substitutions                                                     $    59,142.72
                                                                                --------------
         (e)  Previously undistributed (a)-(d) amounts                          $         0.00
                                                                                --------------
                                                 Total Principal                                       $ 3,422,828.77
                                                                                                       --------------
</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 3
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
Class A Principal
- -----------------

   13.   Amount Available less prior distributions                                                     $ 5,059,990.14
                                                                                                       --------------

   14.   Class A-1 Formula Principal Distribution Amount                                               $ 3,422,828.77
                                                                                                       --------------

   15.   Class A-2 Formula Principal Distribution Amount                                               $         0.00
                                                                                                       --------------

   16.   Class A-3 Formula Principal Distribution Amount                                               $         0.00
                                                                                                       --------------

   17.   Class A-4 Formula Principal Distribution Amount                                               $         0.00
                                                                                                       --------------

   18.   Class A-5 Formula Principal Distribution Amount                                               $         0.00
                                                                                                       --------------

   19.   Class A-6 Formula Principal Distribution Amount                                               $         0.00
                                                                                                       --------------

   20.   Class A Principal Distribution Amount

         (a)  Class A-1 Principal Paid                                                                 $ 3,422,828.77
                                                                                                       --------------
         (b)  Class A-2 Principal Paid                                                                 $         0.00
                                                                                                       --------------
         (c)  Class A-3 Principal Paid                                                                 $         0.00
                                                                                                       --------------
         (d)  Class A-4 Principal Paid                                                                 $         0.00
                                                                                                       --------------
         (e)  Class A-5 Principal Paid                                                                 $         0.00
                                                                                                       --------------
         (f)  Class A-6 Principal Paid                                                                 $         0.00
                                                                                                       --------------

   21.   Class A Principal Balance (after distributions of principal on current
         Payment Date)

         (a)  Class A-1 Principal Balance                                                              $36,074,695.92
                                                                                                       --------------
         (b)  Class A-2 Principal Balance                                                              $48,400,000.00
                                                                                                       --------------
         (c)  Class A-3 Principal Balance                                                              $24,900,000.00
                                                                                                       --------------
         (d)  Class A-4 Principal Balance                                                              $30,200,000.00
                                                                                                       --------------
         (e)  Class A-5 Principal Balance                                                              $35,000,000.00
                                                                                                       --------------
         (f)  Class A-6 Principal Balance                                                              $13,025,000.00
                                                                                                       --------------

         Class M-1 Principal
         -------------------

   22.   Remaining Amount Available                                                                    $ 1,637,161.37
                                                                                                       --------------

   23.   Class M-1 Formula Principal Distribution Amount                                               $         0.00
                                                                                                       --------------

   24.   Class M-1 Principal Distribution Amount                                                       $         0.00
                                                                                                       --------------

   25.   Class M-1 Principal Balance (after distributions of principal on current
         Payment Date)                                                                                 $22,000,000.00
                                                                                                       --------------

</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 4
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
         Class M-1 Distribution Test
         ---------------------------
         (tests must be satisfied on and after the Payment Date occurring in December 2003)

   26.   Average Sixty-Day Deliquency Ratio Test

         (a)  Sixty-Day Delinquency Ratio for current Payment Date                                               0.57%
                                                                                                       ---------------
         (b)  Average Sixty-Day Delinquency Ratio Test (arithmetic average of
              of ratios for this month and two preceding months; may not exceed
              10.0% of the Senior Subordination Percentage calculated in Item 73)                                0.28%
                                                                                                       ---------------

   27.   Cumulative Realized Losses Test
         (a)  Cumulative Realized Losses                                                                     25,819.49
                                                                                                       ---------------
         (b)  Cumulative Realized Losses for current Payment Date (as a
              percentage of the cut-off date Pool Principal balance; may not
              exceed 10.0% from November 15, 2003 to November 14, 2004; 12.0%
              from November 15, 2004 to November 14, 2005; 14.0% from November
              15, 2005 to November 14, 2006 and 15.0% thereafter)                                                0.00%
                                                                                                       ---------------

   28.   The sum of the Class M-1 Adjusted Principal Balance, the Class M-2 Adjusted
         Principal Balance, the Class B-1 Adjusted Principal Balance and the Class B-2
         Adjusted Principal Balance divided by the Pool Scheduled Principal Balance
         of the preceding payment date (not to be less than 57.00%)                                             27.56%
                                                                                                       ---------------

         Class M-2 Principal
         -------------------

   29.   Remaining Amount Available                                                                    $  1,637,161.37
                                                                                                       ---------------

   30.   Class M-2 Formula Principal Distribution Amount                                               $          0.00
                                                                                                       ---------------

   31.   Class M-2 Principal Distribution Amount                                                       $          0.00
                                                                                                       ---------------

   32.   Class M-2 Principal Balance (after distributions of principal on
         current Payment Date)                                                                         $ 17,875,000.00
                                                                                                       ---------------

         Class M-2 Distribution Tests
         ----------------------------
         (tests must be satisfied on and after the Payment Date occurring in December 2003)

   33.   Average Sixty-Day Deliquency Ratio Test

         (a)  Sixty-Day Delinquency Ratio for current Payment Date                                               0.57%
                                                                                                       ---------------
         (b)  Average Sixty-Day Delinquency Ratio Test (arithmetic average of
              of ratios for this month and two preceding months; may not exceed
              10.0% of the Senior Subordination Percentage calculated in Item 73)                                0.28%
                                                                                                       ---------------
</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 5
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
   34.   Cumulative Realized Losses Test
         (a)  Cumulative Realized Losses                                                                     25,819.49
                                                                                                       ---------------
         (b)  Cumulative Realized Losses for current Payment Date (as a
              percentage of the Cut-off Date Pool Principal Balance; may not
              exceed 10.0% from November 15, 2003 to November 14, 2004; 12.0%
              from November 15, 2004 to November 14, 2005; 14.0% from November
              15, 2005 to November 14, 2006 and 15.0% thereafter)                                                0.00%
                                                                                                       ---------------

   35.   The sum of the Class M-2 Adjusted Principal Balance, the Class
         the Class B-1 Adjusted Principal Balance and the Class B-2 Adjusted
         Principal Balance divided by the Pool Scheduled Principal Balance of the
         preceding Payment Date (not to be less than 41.00%)                                                    19.40%
                                                                                                       ---------------

         Class B-1 Distribution Tests
         ----------------------------
         (tests must be satisfied on and after the Payment Date occurring in December 2003)

   36.   Average Sixty-Day Deliquency Ratio Test

         (a)  Sixty-Day Delinquency Ratio for current Payment Date                                               0.57%
                                                                                                       ---------------
         (b)  Average Sixty-Day Delinquency Ratio Test (arithmetic average of
              of ratios for this month and two preceding months; may not exceed
              10.0% of the Senior Subordination Percentage calculated in Item 73)                                0.28%
                                                                                                       ---------------

   37.   Cumulative Realized Losses Test
         (a) Cumulative Realized Losses                                                                      25,819.49
                                                                                                       ---------------
         (b)  Cumulative Realized Losses for current Payment Date (as a
              percentage of the Cut-off Date Pool Principal Balance; may not
              exceed 10.0% from November 15, 2003 to November 14, 2004; 12.0%
              from November 15, 2004 to November 14, 2005; 14.0% from November
              15, 2005 to November 14, 2006 and 15.0% thereafter)                                                0.00%
                                                                                                       ---------------

   38.   The sum of the Class B-1 Adjusted Principal Balance and the Class B-2
         Adjusted Principal Balance divided by the Pool Scheduled Principal
         Balance of the preceding Payment Date (not to be less than 28.00%)                                     12.76%
                                                                                                       ---------------

         Class B-1 Principal
         -------------------

   39.   Amount Available less all prior distributions                                                 $  1,637,161.37
                                                                                                       ---------------

   40.   Class B-1 Formula Principal Distribution Amount                                               $          0.00
                                                                                                       ---------------

   41.   Class B-1 Principal Distribution Amount                                                       $          0.00
                                                                                                       ---------------

   42.   Class B-1 Principal Balance (after distributions of principal on
         current Payment Date)                                                                         $ 14,437,000.00
                                                                                                       ---------------

</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 6
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
         Class B-2 Distribution Test
         ---------------------------
         (tests must be satisfied on and after the Payment Date occurring in December 2003)

   43.   Average Sixty-Day Deliquency Ratio Test

         (a)  Sixty-Day Delinquency Ratio for current Payment Date                                               0.57%
                                                                                                       ---------------
         (b)   Average Sixty-Day Delinquency Ratio Test (arithmetic average of
               ratios for this month and two preceding months; may not exceed
               10.0% of the Senior Subordination Percentage calculated in Item 73)                               0.28%
                                                                                                       ---------------

   44.   Cumulative Realized Losses Test
         (a)  Cumulative Realized Losses                                                                     25,819.49
                                                                                                       ---------------
         (b)  Cumulative Realized Losses for current Payment Date (as a
              percentage of the Cut-off Date Pool Principal Balance; may not
              exceed 10.0% from November 15, 2003 to November 14, 2004; 12.0%
              from November 15, 2004 to November 14, 2005; 14.0% from November
              15, 2005 to November 14, 2006 and 15.0% thereafter)                                                0.00%
                                                                                                       ---------------

   45.   The Class B-2 Adjusted Principal Balance divided by the Pool Scheduled
         Principal Balance of the preceding Payment Date (not to be less than 17.50%)                            7.40%
                                                                                                       ---------------
   46.   Class B-2 Adjusted Principal Balance (not to be less than $2,000.000)                                   0.00%
                                                                                                       ---------------
         Liquidation Loss Interest; Total Distribution

         Class M-1
         ---------

   47.   (a)  Amount Available less all prior distributions                                            $          0.00
                                                                                                       ---------------
         (b)  Class M-1 Formula Liquidation Loss Interest Distribution Amount                          $          0.00
                                                                                                       ---------------
         (c)  Amount applied to Unpaid Class M-1 Liquidation Loss Interest Shortfall                   $          0.00
                                                                                                       ---------------
         (d)  Remaining Unpaid Class M-1 Liquidation Loss Interest Shortfall                           $          0.00
                                                                                                       ---------------


   48.   Amount by which Class M-1 Formula Distribution Amount (lines 15(c) and (d),
         28, 45(b)) exceeds Class M-1 Distribution Amount (lines 15(e), 29, 45(c))                     $          0.00
                                                                                                       ---------------
         Class M-2
         ---------

   49.   (a)  Amount Available less all prior distributions                                            $          0.00
                                                                                                       ---------------
         (b)  Class M-2 Formula Liquidation Loss Interest Distribution Amount                          $          0.00
                                                                                                       ---------------
         (c)  Amount applied to Unpaid Class M-2 Liquidation Loss Interest Shortfall                   $          0.00
                                                                                                       ---------------
         (d)  Remaining Unpaid Class M-2 Liquidation Loss Interest Shortfall                           $          0.00
                                                                                                       ---------------
   50.   Amount by which Class M-2 Formula Distribution Amount (lines 16(c) and (d),
         32, 47(b)) exceeds Class M-2 Distribution Amount (lines 16(e), 33, 47(c))                     $          0.00
                                                                                                       ---------------
</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 7
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
         Class B-1
         ---------

   51.   (a)  Amount Available less all prededing distributions                                        $         0.00
                                                                                                       --------------
         (b)  Class B-1 Formula Liquidation Loss Interest Distribution Amount                          $         0.00
                                                                                                       --------------
         (c)  Amount applied to Unpaid Class B-1 Liquidation Loss Interest Shortfall                   $         0.00
                                                                                                       --------------
         (d)  Remaining Unpaid Class B-1 Liquidation Loss Interest Shortfall                           $         0.00
                                                                                                       --------------

   52.   Amount by which Class B-1 Formula Distribution Amount (lines 17(c) and (d),
         42, 49(b)) exceeds Class B-1 Distribution Amount (lines 17(e), 43, 49(c))                     $         0.00
                                                                                                       --------------

         Class B-2
         ---------

   53.   Amount Available less all prior distributions                                                 $ 1,637,161.37
                                                                                                       --------------

         Interest

   54.   Class B-2 Interest Rate                                                        10.96%
                                                                                        ------
         (a)  Class B-2 Interest Amount                                                                $   182,100.40
                                                                                                       --------------
         (b)  Unpaid Class B-2 Interest Shortfall                                                      $         0.00
                                                                                                       --------------
         (c)  Class B-2 Interest Paid                                                                  $   182,100.40
                                                                                                       --------------
         (d)  Class B-2 Interest Carryover Shortfall                                                   $         0.00
                                                                                                       --------------

         Principal

   55.   Amount Available after prior distributions                                                    $ 1,455,060.97
                                                                                                       --------------

   56.   Class B-2 Formula Principal Distributions Amount                                              $         0.00
                                                                                                       --------------

   57.   Class B-2 Liquidation Loss Principal Amount                                                   $         0.00
                                                                                                       --------------

   58.   Guaranty Payment                                                                              $         0.00
                                                                                                       --------------

   59.   Class B-2 Principal Distribution Amount                                                       $         0.00
                                                                                                       --------------

   60.   Class B-2 Principal Balance
         (after distributions of principal on current Payment Date)                                    $19,938,000.00
                                                                                                       --------------

   61.   Amount by which Class B-2 Formula Distribution Amount (lines 52(b) and (c),
         54, and 55) exceeds Class B-2 Distribution Amount (lines 52(d) and 57)                        $         0.00
                                                                                                       --------------

   62.    Monthly Servicing Fee ( if Originator is Servicer)                                               168,373.45
                                                                                                       --------------

</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 8
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
         Additional Principal Distribution
         ---------------------------------

         Class A
         -------

   63.   Additional Principal Distribution Amount                                                      $          0.00
                                                                                                       ---------------

         (a)  Class A-1                                                                                $          0.00
                                                                                                       ---------------
         (b)  Class A-1 Principal Balance (after payment of(a))                                        $          0.00
                                                                                                       ---------------
         (c)  Class A-2                                                                                $          0.00
                                                                                                       ---------------
         (d)  Class A-2 Principal Balance (after payment of(c))                                        $          0.00
                                                                                                       ---------------
         (e)  Class A-3                                                                                $          0.00
                                                                                                       ---------------
         (f)  Class A-3 Principal Balance (after payment of(e))                                        $          0.00
                                                                                                       ---------------
         (g)  Class A-4                                                                                $          0.00
                                                                                                       ---------------
         (h)  Class A-4 Principal Balance (after payment of(g))                                        $          0.00
                                                                                                       ---------------
         (i)  Class A-5                                                                                $          0.00
                                                                                                       ---------------
         (j)  Class A-5 Principal Balance (after payment of(i))                                        $          0.00
                                                                                                       ---------------
         (k)  Class A-6                                                                                $          0.00
                                                                                                       ---------------
         (l)  Class A-6 Principal Balance (after payment of(k))                                        $          0.00
                                                                                                       ---------------

   64.   Monthly Servicing Fee (portion, if any, in excess of 1/12 of 0.75% of Pool
         Scheduled Principal Balance; Company or Affiliate not Servicer)                               $          0.00
                                                                                                       ---------------

         Certificate Distribution Amount

   65.   Amount Available remaining after prior distributions                                          $  1,286,687.52
                                                                                                       ---------------

Class A, Class M, Class B Notes
- -------------------------------

   66.   Pool Scheduled Principal Balance                                                              $265,974,695.92
                                                                                                       ---------------

         a)   Home Improvement Loans                      Loan Count                7,010              $192,788,435.80
                                                                                --------------         ---------------
         b)   Home Equity                                 Loan Count                3,428              $ 73,186,260.12
                                                                                --------------         ---------------

         Pool Certificate Balance Principal Balance                                                     261,849,695.92
                                                                                                       ---------------

   67.   Note Pool Factor

         (a)  Class A-1 Pool Factor                                                                          .79988239
                                                                                                       ---------------
         (b)  Class A-2 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (c)  Class A-3 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (d)  Class A-4 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (e)  Class A-5 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (f)  Class A-6 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (g)  Class M-1 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (h)  Class M-2 Pool Factor                                                                         1.00000000
                                                                                                       ---------------

   68.   Certificate Pool Factor
         (a)  Class B-1 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
         (b)  Class B-2 Pool Factor                                                                         1.00000000
                                                                                                       ---------------
</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 9
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
   69.   Loans Delinquent by number and aggregate Scheduled Principal Balance:

         (a)  30-59 days                                 2,885,119.53           163
                                                 --------------------      ------------
         (b)  60-89 days                                   879,949.71           39
                                                 --------------------      ------------
         (c)  90 or more days                              191,772.72           23
                                                 --------------------      ------------

   70.    Defaulted Loans, by number and Scheduled Principal Balance:

         (a)  That became Defaulted Contracts during related Due Period
                   Total                                                        #       5              $    121,136.73
                                                                                --------------         ---------------
                   HI                                                                   1                    24,581.56
                                                                                --------------         ---------------
                   HE                                                                   4                    96,555.17
                                                                                --------------         ---------------

         (b)  As of last day of related Due Period - Total                      #       5              $    114,155.17
                                                                                --------------         ---------------
                   HI                                                                   0                         0.00
                                                                                --------------         ---------------
                   HE                                                                   5                   114,155.17
                                                                                --------------         ---------------

         (c)  That became Liquidated Contracts during related Due Period
                   Total                                                        #       1              $     24,591.38
                                                                                --------------         ---------------
                   HI                                                                   1                    24,591.38
                                                                                --------------         ---------------
                   HE                                                                   0                         0.00
                                                                                --------------         ---------------

         (d)  Net Liquidation Losses - Total                                    #       2              $    140,509.98
                                                                                --------------         ---------------
                   HI                                                                   1                   126,050.15
                                                                                --------------         ---------------
                   HE                                                                   1                    14,459.83
                                                                                --------------         ---------------

         (e)  In Foreclosure - Total                                            #       5              $    114,155.17
                                                                                --------------         ---------------
                   HI                                                                   0                         0.00
                                                                                --------------         ---------------
                   HE                                                                   5                   114,155.17
                                                                                --------------         ---------------

         (f)  Foreclosure completed during related Due Period
                   Total                                                        #       0              $          0.00
                                                                                --------------         ---------------
                   HI                                                                   0                         0.00
                                                                                --------------         ---------------
                   HE                                                                   0                         0.00
                                                                                --------------         ---------------

         (g)  Foreclosed upon and held by Servicer - Total                      #       0              $          0.00
                                                                                --------------         ---------------
                   HI                                                                   0                         0.00
                                                                                --------------         ---------------
                   HE                                                                   0                         0.00
                                                                                --------------         ---------------
</TABLE>
<PAGE>

                                          CONSECO FINANCE HOME LOAN TRUST 1999-G
                                          MONTHLY REPORT           December 1999
                                          PAGE 10
                                                      Distribution Date: 1/18/00
                                                       CUSIP# 20847R AA3,AB1,AC9
                                                             AD7,AE5,AF2,AG0,AH8
                                                        Trust Account: 3337861-0
<TABLE>
<CAPTION>
<S>                                                                             <C>                    <C>
   71.   Home Equity Loans delinquent by number and aggregate Scheduled Principal Balance:

         (a)  30-59 days                                   554,333.00           32
                                                 --------------------      ------------
         (b)  60-89 days                                   293,935.00           15
                                                 --------------------      ------------
         (c)  90 or more days                              191,772.72            8
                                                 --------------------      ------------

   72.   Home Improvement Loans delinquent by number and aggregate Scheduled Principal Balance:

         (a)  30-59 days                                 2,330,786.53           131
                                                 --------------------      ------------
         (b)  60-89 days                                   586,014.71           24
                                                 --------------------      ------------
         (c)  90 or more days                              313,749.91           15
                                                 --------------------      ------------


   73.   Senior Subordination Percentage (as of any Payment Date)

         (a)  Before the Class A Principal Balance has been reduced to zero,
              the sum of the Class M-1 Adjusted Principal Balance, the Class
              M-2 Adjusted Principal Balance, the Class B-1 Adjusted Principal
              Balance and the Class B-2 Adjusted Principal Balance divided by
              the Pool Scheduled Principal Balance;

         (b)  On any Payment Date on which the Class A Principal Balance has
              been reduced to zero and the Class M-1 Principal Balance has not
              been reduced to zero, the sum of the Class M-2 Adjusted
              Principal Balance, the Class B-1 Adjusted Principal Balance, and
              the Class B-2 Adjusted Principal Balance divided by the Pool
              Scheduled Principal Balance;

         (c)  On any Payment Date on which the Class M-1 Principal Balance has
              been reduced to zero and the Class M-2 Principal Balance has not
              been reduced to zero, the sum of the Class B-1 Adjusted
              Principal Balance, and the Class B-2 Adjusted Principal Balance
              divided by the Pool Scheduled Principal Balance; and

         (d)  On any Payment Date on which the Class M-2 Principal Balance has
              been reduced to zero and the Class B-1 Principal Balance has not
              been reduced to zero, the Class B-2 Adjusted Principal Balance
              divided by the Pool Scheduled Principal Balance.                                                  0.00%
                                                                                                       --------------

   74.   Cumulative Realized Loss Ratio

         (a)  As of any Payment Date, Cumulative Realized Losses divided by the
              Cut-off Date Pool Principal Balance                                                               0.00%
                                                                                                       --------------
</TABLE>

Please contact the Bondholder Relations Department of U.S. Bank Trust National
Association at (612) 973-5800 with any questions regarding this Statement or
your Distribution.


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