<PAGE>
Exhibit 99.1
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
ABS New Transaction
REVISED Computational Materials
-------------------------------
[LOGO OF CONSECO]
Conseco Finance Corp.
Servicer
Conseco Finance Securitizations Corp.
Seller
$882,700,000 (approximate)
Certificates for Home Equity Loans
Series 2000-F
October 19, 2000
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
1
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
The attached tables and other statistical analyses (the "Computational
Materials") are privileged and confidential and are intended for use by the
addressee only. These Computational Materials are furnished to you solely by
Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") and not by
the issuer of the securities or any of its affiliates. The issuer of these
securities has not prepared or taken part in the preparation of these materials.
None of Merrill Lynch, the issuer of the securities nor any of their affiliates
makes any representation as to the accuracy or completeness of the information
herein. The information herein is preliminary, and will be superseded by the
applicable Prospectus Supplement and by any other information subsequently filed
with the Securities and Exchange Commission. The information herein may not be
provided by the addressees to any third party other than the addressee's legal,
tax, financial and/or accounting advisors for the purposes of evaluating said
material.
Numerous assumptions were used in preparing the Computational Materials which
may or may not be stated therein. As such, no assurance can be given as to the
accuracy, appropriateness or completeness of the Computational Materials in any
particular context; or as to whether the Computational Materials and/or the
assumptions upon which they are based reflect present market conditions or
future market performance. These Computational Materials should not be construed
as either projections or predictions or as legal, tax, financial or accounting
advice.
Any yields or weighted average lives shown in the Computational Materials are
based on prepayment assumptions and actual prepayment experience may
dramatically affect such yields or weighted average lives. In addition, it is
possible that prepayments on the underlying assets will occur at rates slower or
faster than the rates assumed in the attached Computational Materials.
Furthermore, unless otherwise provided, the Computational Materials assume no
losses on the underlying assets and no interest shortfall. The specific
characteristics of the securities may differ from those shown in the
Computational Materials due to differences between the actual underlying assets
and the hypothetical assets used in preparing the Computational Materials. The
principal amount and designation of any security described in the Computational
Materials are subject to change prior to issuance.
Although a registration statement (including the prospectus) relating to the
securities discussed in this communication has been filed with the Securities
and Exchange Commission and is effective, the final prospectus supplement
relating to the securities discussed in this communication has not been filed
with the Securities and Exchange Commission. This communication shall not
constitute an offer to sell or the solicitation of any offer to buy nor shall
there be any sale of the securities discussed in this communication in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Prospective purchasers are referred to the final prospectus and prospectus
supplement relating to the securities discussed in this communication for
definitive information on any matter discussed in this communication. A final
prospectus and prospectus supplement may be obtained by contacting the Merrill
Lynch Trading Desk at (212) 449-3659.
Please be advised that asset-backed securities may not be appropriate for all
investors. Potential investors must be willing to assume, among other things,
market price volatility, prepayments, yield curve and interest rate risk.
Investors should fully consider the risk of an investment in these securities.
If you have received this communication in error, please notify the sending
party immediately by telephone and return the original to such party by mail.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
2
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
TERM SHEET DATED October 19, 2000
Conseco Finance Securitizations Corp.
Certificates for Home Equity Loans, Series 2000-F
$882,700,000 (Approximate)
Subject to Revision
SELLER: Conseco Finance Securitizations Corp.
SERVICER: Conseco Finance Corp. ("Conseco")
TRUSTEE: U.S. Bank Trust National Association, St. Paul, Minnesota
LEAD UNDERWRITER: Merrill Lynch & Co.
CO-UNDERWRITERS: Banc of America Securities LLC, Chase Securities Inc.,
Credit Suisse First Boston, Deutsche Banc Alex. Brown,
Lehman Brothers.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Est. Est. Prin. Est. Prin. Expected
WAL Est. Window Window Final Expected Ratings
Approx. Type (yrs) WAL (mos) (mos) Distribution ----------------------------
Class Size Call/(1)/ (yrs) Call/(1)/ Maturity Date (to S&P Moody's Fitch
Maturity call)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Fixed Rate
----------
AF-1A 200,000,000 SEN/SEQ 2.82 3.17 1 - 64 1 - 94 03/06 AAA Aaa AAA
AF-1 200,000,000 SEN/SEQ 1.02 1.02 1 - 23 1 - 23 10/02 AAA Aaa AAA
AF-2 25,000,000 SEN/SEQ 2.10 2.10 23 - 26 23 - 26 01/03 AAA Aaa AAA
AF-3 90,000,000 SEN/SEQ 3.07 3.07 26 - 57 26 - 57 08/05 AAA Aaa AAA
AF-4 52,000,000 SEN/SEQ 5.32 6.04 57 - 64 57 - 84 03/06 AAA Aaa AAA
MF-1 49,000,000 MEZ 4.57 5.86 39 - 64 39 - 117 03/06 AA Aa2 AA
MF-2 35,000,000 MEZ 4.55 5.82 38 - 64 38 - 117 03/06 A A2 A
BF-1 28,000,000 SUB 3.60 3.60 37 - 54 37 - 54 05/05 BBB Baa2 BBB
Adjustable Rate
---------------
AV-1 168,000,000 SEN 1.73 1.83 1 - 64 1 - 91 03/06 AAA Aaa AAAA
MV-1 15,750,000 MEZ 4.58 5.28 45 - 64 45 - 110 03/06 AA Aa2 AAA
MV-2 10,500,000 MEZ 4.29 4.98 41 - 64 41 - 110 03/06 A A2 A
BV-1 9,450,000 SUB 3.30 3.30 37 - 45 37 - 45 08/04 BBB Baa2 BBB
Non-Offered Certificates
------------------------
BF-2 21,000,000 SUB
BV-2 6,300,000 SUB
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) All Offered Certificates are priced to 20% call. If the Purchase Option,
Auction Sale is not exercised, the Class AF-4 pass-through rate increases
by 0.50%.
Pricing Speed: Fixed-Rate Mortgage Loans - 125% PPC - 100% prepayment
assumption assumes a constant prepayment of 4% in month
one increased by approximately an additional 1.45% each
month to 20% CPR in month twelve, and remaining at 20%
CPR thereafter.
Adjustable-Rate Mortgage Loans - 30% CPR
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
3
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
Seller: Conseco Finance Securitizations Corp.
Servicer: Conseco Finance Corp. ("Conseco")
Trustee: U.S. Bank Trust National Association, St. Paul,
Minnesota
Statistical
Calculation Date: August 31, 2000
Cut-off Date: The trust will be entitled to receive all
payments due after August 31, 2000 for all loans
other than the Subsequent Loans. For each Subsequent
Loan, the trust will be entitled to receive all
payments due after the last day of either the
calendar month in which the subsequent closing occurs
or the preceding month, as specified by the Seller.
Expected Closing Date: October 31, 2000
Expected Pricing Date: On or about October 20, 2000
Registration: The Offered Certificates will be available in book-
entry form through DTC, Euroclear or Clearstream.
Record Date: The business day just before the Payment Date.
Payment Date: The 15/th/ day of each month (or if such 15/th/ day
is not a business day, the next succeeding business
day) commencing on December 15, 2000.
Mortgage Loan
Groups: 1) Fixed Rate Group I generally supports the Class
AF-1A certificates;
2) Fixed Rate Group II generally supports all fixed
rate certificates other than the Class AF-1A
certificates (together with (1), the "Fixed Rate
Groups");
3) Adjustable Rate Group generally supports the
adjustable rate certificates.
Day Count: 30/360 for the fixed rate Certificates and Actual/360
for the adjustable rate Certificates.
Denominations: $50,000 minimum and integral multiples of $1,000 in
excess thereof.
Tax Status: REMIC Election
ERISA: The Class A Certificates are expected to be ERISA
eligible. Prospective investors that are pension
plans should consult their own counsel with respect
to an investment in the Offered Certificates.
SMMEA: The Offered Certificates will not constitute
"mortgage related securities" for purposes of SMMEA.
Initial
Mortgage Loans: The statistical information presented in this Term
Sheet is with respect to the Initial Mortgage Loans
(the "Initial Mortgage Loans") only and is based on
balances as of the close of business on August 31,
2000. The Initial Mortgage Loans consist primarily of
conventional, fully amortizing and balloon, first,
second, and third lien, fixed and adjustable rate
closed end, one-
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
4
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
to four-family residential mortgage loans. The total
Initial Mortgage Loans will consist of 9,255 loans,
with a principal balance of approximately
$679,403,205.08. The Initial Mortgage Loans have been
divided into three separate Mortgage Loan Groups. The
Initial Fixed Rate Group I will consist of 2,752
fixed rate mortgage loans with a principal balance of
approximately $200,000,043.48. The Initial Fixed Rate
Group II will consist of 4,996 fixed rate mortgage
loans with a principal balance of approximately
$292,509,741.45. The Initial Adjustable Rate Group
will consist of 1,507 adjustable rate mortgage loans
with a principal balance of approximately
$186,893,420.15
Additional Collateral: Between the Statistical Calculation Date and the
Expected Closing Date, the Seller expects to deposit
Additional Mortgage Loans ("Additional Mortgage
Loans") for each of the Mortgage Loan Groups. It is
expected that the Additional Mortgage Loans will have
characteristics which are substantially similar to
the Initial Mortgage Loans of each Group.
Pre-Funding Feature
And Subsequent
Mortgage Loans: On the Closing Date, a portion of the proceeds from
the sale of the Offered Certificates (the "Pre-Funded
Amount") will be deposited with the Trustee in a
segregated account (the "Pre-Funding Account") and
used by the Trust to purchase additional Fixed Rate
and Adjustable Rate Mortgage Loans during the
Pre-Funding Period (the "Subsequent Loans"). The
Pre-Funding Account is not expected to exceed 25% of
the aggregate original principal balance of the
certificates as of the Closing Date. The Pre-Funded
Amount will be reduced during the Pre-Funding Period
by the amounts thereof used to fund such purchases.
Any amounts remaining in the Pre-Funding Account
following the Pre-Funding Period will be (i) paid to
the Class AF-1A Certificateholders in the case of
amounts which had been allocated to fund the purchase
of additional mortgage loans for Fixed Rate Group I
(which is expected to be $0), (ii) paid sequentially
to the Class AF Certificateholders (other than the
Class AF-1A Certificateholders) in the case of
amounts which had been allocated to fund the purchase
of additional mortgage loans for Fixed Rate Group II,
and (iii) paid to the Class AV-1 Certificateholders
in the case of amounts which had been allocated to
fund the purchase of additional Adjustable Rate
Mortgage Loans.
Final Mortgage
Loan Groups: Final Mortgage Loan Groups will be based on balances
as of the related Cut-off Date. The collateral
composition of the pools is expected to be similar to
the Initial Mortgage Loan Groups.
Source for Calculation
of One-Month LIBOR: Telerate page 3750.
Servicing Fee Rate: 50 basis points
Distributions: On each Payment Date distributions on the
certificates will be made to the extent of the Amount
Available. The "Amount Available" will generally
consist of payments made on or in respect of the
Mortgage Loans, and will include amounts otherwise
payable to the Servicer (so long as Conseco is the
Servicer) as the monthly Servicing Fee, and amounts
otherwise payable to the Class C Certificateholder.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
5
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
Interest on the
Class A, M-1, M-2
B-1 Certificates: On each Payment Date the Amount Available will be
distributed to pay interest as follows:
. first to each class of the Class AF Certificates (AF-
1A, AF-1, AF-2, AF-3, AF-4), and the Class AV-1
Certificates concurrently,
. then to the Class MF-1 Certificates and MV-1
Certificates, concurrently,
. then to the Class MF-2 Certificates and MV-2
Certificates, concurrently, and
. then to the Class BF-1 Certificates and BV-1
Certificates concurrently.
Interest will accrue on the outstanding Class AF-1A
Certificate principal balance, Class AF principal balance
(exclusive of the Class AF-1A Certificate principal
balance), Class MF-1 adjusted principal balance, Class MF-2
adjusted principal balance, and the Class BF-1 adjusted
principal balance, at the related pass-through rate
calculated on a 30/360 basis. Interest on the outstanding
Class AF-1A Certificate principal balance, Class AF
Certificate principal balance (exclusive of the Class AF-1A
Certificate principal balance), Class MF-1 adjusted
principal balance, Class MF-2 adjusted principal balance and
Class BF-1 adjusted principal balance, as applicable, will
initially accrue from the Closing Date and thereafter from
the most recent Payment Date on which interest has been
paid, in each case, to but excluding the following Payment
Date.
Interest will accrue on the outstanding Class AV-1
Certificate principal balance, Class MV-1 adjusted principal
balance, Class MV-2 adjusted principal balance, and Class
BV-1 adjusted principal balance, at the related pass-through
rate calculated on an Actual/360 basis.
The adjusted principal balance of any of the Class M-1, M-2,
B-1 and B-2 Certificates is the principal balance less any
liquidation loss principal amounts allocated to that Class.
Interest on the Certificates will initially accrue from the
Closing Date and thereafter from the most recent Payment
Date on which interest has been paid, in each case, to but
excluding the following Payment Date.
Step-up Coupon: In the event that the Purchase Option, Auction Sale is not
exercised, the Class AF-4 pass-through rate will increase by
0.50%.
Interest Shortfalls
And Carryovers: If the Amount Available on any Payment Date is insufficient
to make the full distributions of interest to a class of
offered certificates (the Class A, M-1, M-2 and B-1
Certificates each being treated as a single class for this
purpose), the Amount Available remaining after payments with
a higher payment priority are made will be distributed pro
rata among such class. Any interest due but unpaid from a
prior Payment Date will also be due on the next Payment
Date, together with accrued interest thereon at the
applicable pass-through rate to the extent legally
permissible.
AV-1, MV-1
MV-2, BV-1 Pass-
Through Rate: The pass-through rate for the Class AV-1, MV-1, MV-2, and
BV-1 Certificates will be floating and for any monthly
period will equal the lesser of one-month LIBOR plus the
pass-through margin or the Available Funds Pass-Through
Rate, but in no case more than 14.0%.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
6
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
Available Funds
Pass-Through Rate: The "Available Funds Pass-Through Rate" for any
Payment Date will be a rate per annum equal to the
weighted average of the Expense Adjusted Mortgage
Rates on the then outstanding Adjustable Rate
Mortgage Loans. The "Expense Adjusted Mortgage Rate"
on any adjustable rate mortgage loan is equal to the
then applicable loan interest rate thereon, minus the
Servicing Fee, which is 0.50% per annum.
Class B-2 Interest: On each Payment Date, after payment of all interest
and principal due on the Class A, Class M-1, Class M-
2 and Class B-1 Certificates, interest will be paid
to the Class B-2 Certificateholders in an amount
equal to the product of (a) the applicable Class B-2
pass-through rate and (b) the then outstanding Class
B-2 adjusted principal balance. Interest on the Class
B-2 Certificates will initially accrue from the
Closing Date and thereafter will accrue from the most
recent Payment Date on which interest has been paid
to, in each case, but excluding the following Payment
Date. Interest will be computed on a 30/360 basis for
the Class BF-2 Certificates and on an Actual/360
basis for the Class BV-2 Certificates. Interest
shortfalls will be carried forward, and will accrue
interest at the related Class B-2 pass-through rate,
to the extent legally permissible.
Principal
Distributions: On each Payment Date after all interest is
distributed to the Class A, Class M-1, Class M-2, and
Class B-1 Certificateholders, the remaining Amount
Available will be distributed to make principal
distributions as follows and in the following order
of priority:
i) first, concurrently, to the Class AV-1
Certificates, the Class AV-1 Principal
Distribution Amount, to the Class AF-1A
Certificates, the Class AF-1A Principal
Distribution Amount, and to the Class AF
Certificates (other than the Class AF-1A
Certificate) then entitled to a principal
distribution, the Class AF Principal
Distribution Amount;
ii) then, concurrently, to the Class MV-1
Certificates, the Class MV-1 Principal
Distribution Amount and to the Class MF-1
Certificates the Class MF-1 Principal
Distribution Amount;
iii) then, concurrently, to the Class MV-2
Certificates, the Class MV-2 Principal
Distribution Amount and to the Class MF-2
Certificates the Class MF-2 Principal
Distribution Amount ; and
iv) then, concurrently, to the Class BV-1
Certificates, the Class BV-1 Principal
Distribution Amount and to the Class BF-1
Certificates the Class BF-1 Principal
Distribution Amount.
On each Payment Date, the Class AF-1A Principal
Distribution Amount will be distributed fully to the
Class AF-1A Certificates, and the Class AF Principal
Distribution Amount will be distributed sequentially
to the Class AF Certificates (other than the Class
AF-1A Certificate).
If the Amount Available on any Payment Date is
insufficient to make full distributions of principal
to a class of certificates (the Class A, M-1, M-2 and
B-1 Certificates each being treated as a single Class
for this purpose), the Amount Available remaining
after payments with a higher payment priority are
made will be distributed pro-rata among such class.
Fixed Rate Group I Formula
Principal Distribution
Amount: On each Payment Date will be equal to the sum of (i)
all scheduled payments of principal due on each
outstanding Group I fixed rate loan during the
related Due Period, (ii) the scheduled principal
balance of each Group I fixed rate loan which, during
the related Due Period, was repurchased by the
Seller, (iii) all partial principal prepayments
applied and all principal prepayments in full
received during such Due Period in respect of each
Group I fixed rate
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
7
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
loan, (iv) the scheduled principal balance of each
Group I fixed rate loan that became a liquidated
loan during the related Due Period, (v) any amount
described in clauses (i) through (iv) above that
was not previously distributed because of an
insufficient amount of funds available.
Fixed Rate Group II Formula
Principal Distribution
Amount: On each Payment Date will be equal to (A) the sum
of (i) all scheduled payments of principal due on
each outstanding fixed rate loan during the
related Due Period, (ii) the scheduled principal
balance of each fixed rate loan which, during the
related Due Period, was repurchased by the Seller,
(iii) all partial principal prepayments applied
and all principal prepayments in full received
during such Due Period in respect of each fixed
rate loan, (iv) the scheduled principal balance of
each fixed rate loan that became a liquidated loan
during the related Due Period, and (v) any amount
described in clauses (i) through (iv) above that
was not previously distributed because of an
insufficient amount of funds available, minus (B)
the Fixed Rate Group I Formula Principal
Distribution Amount.
Formula Principal
Distribution Amount: On each Payment Date will be equal to (A) the sum
of (i) all scheduled payments of principal due on
each outstanding loan during the related Due
Period, (ii) the scheduled principal balance of
each loan which, during the related Due Period,
was repurchased by the Seller, (iii) all partial
principal prepayments applied and all principal
prepayments in full received during such Due
Period in respect of each loan, (iv) the scheduled
principal balance of each loan that became a
liquidated loan during the related Due Period, and
(v) any amount described in clauses (i) through
(iv) above that was not previously distributed
because of an insufficient amount of funds minus
(B) the sum of the Fixed Rate Group I Formula
Principal Distribution Amount and the Fixed Rate
Group II Formula Principal Distribution Amount.
Class AF Formula Principal
Distribution Amount: The Class AF Formula Principal Distribution Amount
will generally be equal to (i) if the Payment Date
is prior to the related Stepdown Date or a Trigger
Event exists, the sum of the Fixed Rate Group I
Formula Principal Distribution Amount and the
Fixed Rate Group II Formula Principal Distribution
Amount for such Payment Date, or (ii) with respect
to any Payment Date on or after the Stepdown Date
and as to which a Trigger Event is not in effect,
the excess of (A) Class AF Certificate Principal
Balance immediately prior to such Payment Date
over (B) the lesser of (x) 58.00% of the aggregate
scheduled principal balances of the fixed rate
loans or (y) the then outstanding aggregate
scheduled principal balances of the fixed rate
loans minus $14,000,000.
Class AF-1A Formula Principal
Distribution Amount: The Class AF-1A Formula Principal Distribution
Amount will generally be equal to (i) if the
Payment Date is prior to the related Stepdown Date
or a Trigger Event exists, 100% of the Fixed Rate
Group I Formula Principal Distribution Amount for
such Payment Date, or (ii) with respect to any
Payment Date on or after the Stepdown Date and as
to which a Trigger Event is not in effect, the
least of (A) the Class AF-1A Certificate Principal
Balance immediately prior to such Payment Date,
(B) the Fixed Rate Group I Formula Principal
Distribution Amount, and (C) the Class AF Formula
Principal Distribution Amount.
Class AF Group II Formula
Principal Distribution
Amount: The Class AF Group II Formula Principal
Distribution Amount will generally be equal to (i)
if the Payment Date is prior to the related
Stepdown Date or a Trigger Event exists, 100% of
the Fixed Rate Group II Formula Principal
Distribution Amount for such Payment Date, or (ii)
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
8
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
with respect to any Payment Date on or after the
Stepdown Date and as to which a Trigger Event is not in
effect, the least of (A) the Class AF Certificate
Principal Balance (exclusive of the Class AF-1A
Certificate Principal Balance immediately prior to such
Payment Date, (B) the Fixed Rate Group II Formula
Principal Distribution Amount, and (C) the Class AF
Formula Principal Distribution Amount minus the Class
AF-1A Formula Principal Distribution Amount.
Class AV-1 Principal
Distribution Amount: The Class AV-1 Principal Distribution Amount will
generally be equal to (i) if the Payment Date is before
the Stepdown Date or a Trigger Event exists, 100% of
the Formula Principal Distribution Amount, and (ii) if
the Payment Date is on or after the Stepdown Date and
no Trigger Event exists, the excess of (A) the Class
AV-1 Certificate Principal Balance over (B) the lesser
of (x) 57.00% of the aggregate scheduled principal
balances of the adjustable rate loans or (y) the
aggregate scheduled principal balance of the adjustable
rate loans minus $3,150,000.
Class M-1 Principal
Distribution Amount: With respect to any Payment Date on or after the
related Stepdown Date and as long as a Trigger Event is
not in effect for the related Mortgage Loan Group, the
excess of (i) the sum for such Mortgage Loan Group of
(A) the related Class A Certificate Principal Balance
and (B) the related Class M-1 Certificate Principal
Balance immediately prior to such Payment Date over
(ii) the lesser of (a) 72.00% for the Fixed Rate Groups
or 72.00% for the Adjustable Rate Mortgage Group of the
Scheduled Principal Balance of such Mortgage Loans in
the related Mortgage Group on the preceding Due Date
and (b) the Scheduled Principal Balance of the Mortgage
Loans in such Mortgage Group on the preceding Payment
Date less $14,000,000 for the Fixed Rate Groups
($3,150,000 for the Adjustable Rate Mortgage Group).
Class M-2 Principal
Distribution Amount: With respect to any Payment Date on or after the
related Stepdown Date and as long as a Trigger Event is
not in effect for the related Mortgage Loan Group, the
excess of (i) the sum for such Mortgage Loan Group of
(A) the related Class A Certificate Principal Balance
and (B) the related Class M-1 Certificate Principal
Balance and (C) the related Class M-2 Certificate
Principal Balance immediately prior to such Payment
Date over (ii) the lesser of (a) 82.00% for the Fixed
Rate Mortgage Loan Group or 82.00% for the Adjustable
Rate Mortgage Loan Group of the Scheduled Principal
Balance of such Mortgage Loans in the related Mortgage
Loan Group on the preceding Due Date and (b) the
Scheduled Principal Balance of the Mortgage Loans in
such Mortgage Loan Group on the preceding Payment Date
less $14,000,000 for the Fixed Rate Groups ($3,150,000
for the Adjustable Rate Mortgage Group).
Class B Principal
Distribution Amount: With respect to any Payment Date on or after the
related Stepdown Date and as long as a Trigger Event is
not in effect for the related Mortgage Loan Group, the
excess of (i) the sum for such Mortgage Loan Group of
(A) the related Class A Certificate Principal Balance
and (B) the related Class M-1 Certificate Principal
Balance and (C) the related Class M-2 Certificate
Principal Balance and (D) the related Class B-1
Certificate Principal Balance and (E) the related Class
B-2 Certificate Principal Balance immediately prior to
such Payment Date over (ii) the lesser of (a) 96.00%
for the Fixed Rate Mortgage Loan Groups or 97.00% for
the Adjustable Rate Mortgage Loan Group of the
Scheduled Principal Balance of such Mortgage Loans in
the related Mortgage Loan Group on the preceding Due
Date and (b) the Scheduled Principal Balance of the
Mortgage Loans in such Mortgage Loan Group on the
preceding Payment date less $14,000,000 for the Fixed
Rate Groups ($3,150,000 for the Adjustable Rate
Mortgage Group). The Class B Principal Distribution
Amount will be distributed sequentially to the Class B-
1 and Class B-2 Certificates. After payments of
interest and principal on Class A,
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
9
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
Class M-1, Class M-2 and Class B-1, and interest
payments on Class B-2, the Class B-2 Certificateholders
will receive the remaining portion of the Class B
Principal Distribution Amount.
Stepdown Date: With respect to each Mortgage Loan Group, is the
earlier to occur of (i) the later to occur of (A) the
Payment Date in December 2003 and (B) the first Payment
Date on which (I) the Class A Certificate Principal
balance of such Mortgage Loan Group is less than or
equal to (II) 58% for the Fixed Rate Mortgage Loan
Group or 57% for the Adjustable Rate Mortgage Loan
Group of the Scheduled Principal Balances of the
Mortgage Loans in such Mortgage Loan Group and (ii) the
Payment Date on which the Certificate Principal Balance
of the related Class A Certificates has been reduced to
zero.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
10
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
Trigger Event: A Trigger Event is in effect for the certificates if on
that payment date:
(1) The three-month rolling average percentage of the loans
that are 60 days or more delinquent in payment of
principal and interest exceeds the product of (a) the
Senior Enhancement Percentage for the certificates and
(b) 42.5%; or
(2) The cumulative loss test is not satisfied:
Cumulative Realized
Losses Test: The Cumulative Realized Losses Test is satisfied for any
payment date if the cumulative realized loss ratio for the
loans for such payment date is less than or equal to the
percentage set forth below for the specified period:
<TABLE>
<CAPTION>
Fixed Rate Adjustable Rate
---------- ---------------
Month Percentage Month Percentage
----- ---------- ----- ----------
<S> <C> <C> <C>
37-48 [4.40%] 37-48 [4.20%]
49-60 [5.23%] 49-60 [4.99%]
61-84 [5.50%] 61-84 [5.25%]
85 and thereafter [6.00%] 85 and thereafter [5.75%]
</TABLE>
Senior Enhancement
Percentage: The Senior Enhancement Percentage for any Payment Date will
equal the percentage obtained by dividing (I) the excess of
(A) the Pool Scheduled Principal Balance over (B) the Class
A Principal Balance, by (ii) the Pool Scheduled Principal
Balance.
Credit Support Percentage:
<TABLE>
<CAPTION>
Fixed Rate
Initial Credit Support After Stepdown Date
---------------------- -------------------
Rating Percent Rating Percent
------ ------- ------ -------
<S> <C> <C> <C>
AAA/Aaa 21.00% AAA/Aaa 42.00%
AA/Aa2 14.00% AA/Aa2 28.00%
A/A2 9.00% A/A2 18.00%
BBB/Baa2 5.00% BBB/Baa2 10.00%
Adjustable Rate
Initial Credit Support After Stepdown Date
---------------------- -------------------
Rating Percent Rating Percent
------ ------- ------ -------
AAA/Aaa 21.50% AAA/Aaa 43.00%
AA/Aa2 14.00% AA/Aa2 28.00%
A/A2 9.00% A/A2 18.00%
BBB/Baa2 4.50% BBB/Baa2 9.00%
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in the communication and will
be superseded by the information set forth in the final prospectus supplement.
11
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
-------------------------------------------------------------------------------
Losses on Liquidated
Home Equity Loans: If net liquidation proceeds from liquidated loans in
the respective collection period are less than the
scheduled principal balance of such liquidated loans
plus accrued and unpaid interest thereon, the
deficiency (a "Liquidation Loss Amount") will be
absorbed by the Class C Certificateholder, then the
Servicing Fee otherwise payable to the Servicer (as
long as Conseco is the Servicer), then the Class B-2
Certificateholders, then the Class B-1
Certificateholders, then the Class M-2
Certificateholders and then the Class M-1
Certificateholders.
Overcollateralization: There will be overcollateralization of approximately 0%
building to the Target Overcollateralization Amount.
The certificateholders will be entitled to receive
additional distributions in respect of principal on
each Payment Date to the extent there is any amount
available remaining after payment of all interest and
principal on the certificates and the monthly Servicing
Fee for such Payment Date, until the
overcollateralization amount equals the Target
Overcollateralization Amount. Such additional
distributions in respect of principal will be paid in
accordance with the distribution priorities described
in the prospectus supplement.
Target Overcollateralization
Amount: The Target Overcollateralization Amount will equal
2.00% for the Fixed Rate Mortgage Loan Group and 1.50%
for the Adjustable Rate Mortgage Loan Group of the sum
of (A) the aggregate Cut-off Date principal balance of
related Loans included in the Trust as of the Closing
Date and (B) the amount on deposit in the related Pre-
Funding Account on the Closing Date. If the Target
Overcollateralization Amount for a Mortgage Loan Group
is met on a Payment Date, any amount available
remaining after payment of all interest and principal
payable on the corresponding certificates and the
Monthly Servicing Fee for such Payment Date will be
applied to build the overcollateralization for the
other Mortgage Loan Group.
Cross-collateralization: In the event that collections with respect to a
particular Mortgage Loan Group are in excess of the
amount required to pay interest and principal due on
the certificates related to such Mortgage Loan Group on
a given Payment Date, such excess will be available to
pay interest and principal then due on any certificates
related to another Mortgage Loan Group to the extent
that collections with respect to such Mortgage Loan
Group are not sufficient to pay interest and principal
due on such Payment Date on such certificates.
Purchase Option;
Auction Sale: Beginning on the Payment Date when the scheduled
principal balance of the loans is less than 20% of the
Cut-off Date principal balance of the loans, the holder
of the Class C Certificates will have the right to
repurchase all of the outstanding loan, at a price
sufficient to pay the aggregate unpaid principal
balance of the certificates and all accrued and unpaid
interest thereon.
If the holder of the Class C Certificates does not
exercise this Purchase Option, then on the next Payment
Date the Trustee will begin an auction process to sell
the loans and the other trust assets, but the Trustee
cannot sell the trust assets and liquidate the trust
unless the proceeds of that sale are sufficient to pay
the aggregate unpaid principal balance of the
certificates and all accrued and unpaid interest
thereon. If the first auction of the trust property is
not successful because the highest bid received is too
low, then the Trustee will conduct an auction of the
loans every third month thereafter, unless and until an
acceptable bid is received for the trust property.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in the communication and will
be superseded by the information set forth in the final prospectus supplement.
12
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
-------------------------------------------------------------------------------
If the Purchase Option is not exercised by the holder of the
Class C Certificates, excess cashflow after all payments of
interest and principal due on the Certificates (excluding Class
C) are made will be used to paydown principal as follows:
For the fixed rate certificates:
(i) simultaneously, (a) excess from the Fixed Rate Group I
will pay down Class AF-1A until the certificate principal
balance is reduced to zero, and (b) excess from Fixed Rate
Group II will pay down the remaining Class AF certificates
(other than the Class AF-1A Certificates) pro-rata, until
the certificate principal balances are reduced to zero;
(ii) next, after the retirement of either (a) or (b) above, all
excess cashflow from fixed rate loans will be used to pay
any remaining certificate principal balance on the Class
AF certificates, if necessary, until the certificate
principal balances are reduced to zero;
(iii) next, all excess cashflow from fixed rate loan will be
used to pay the remaining fixed rate Class MF-1
certificates, Class MF-2 certificates, Class BF-1
certificates, and the Class BF-2 certificates, pro-rata
based on outstanding principal balance, until the related
certificate principal balances are reduced to zero.
For the adjustable rate certificates:
(i) first, excess from the Adjustable Rate Group will pay down
the Class AV-1 certificates until the certificate
principal balance is reduced to zero;
(ii) next, all excess cashflow from the Adjustable Rate Group
will be used to pay the remaining adjustable rate
certificates, pro-rata based on outstanding principal
balance, until the related certificate principal balances
are reduced to zero.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in the communication and will
be superseded by the information set forth in the final prospectus supplement.
13
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
FIXED RATE GROUP I
Summary
<TABLE>
<CAPTION>
Total Minimum Maximum
----- ------- --------
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $200,000,043.48
Number of Loans 2,752
Average Original Loan Balance $72,785.62 $9,586.00 $403,000.00
Average Current Loan Balance $72,674.43 $8,485.72 $403,000.00
Weighted Average Combined LTV 89.385% 12.669% 100.000%
Weighted Average Gross Coupon 12.704% 7.590% 20.400%
Weighted Average Remaining Term to Maturity (months) 244 54 360
Weighted Average Original Term (months) 245 60 360
Weighted Average FICO Credit Score 620 300 805
Weighted Average Debt to Income Ratio 43.69% 6.00% 100.00%
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Percent of Statistical Calculation
----------------------------------
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Mortgage Loans 64.72%
Balloon Mortgage Loans 35.28%
Lien Position First 87.29%
Second 12.39%
Third 0.32%
Property Type One to Two Family 87.03%
Manufactured Homes 7.92%
Single Family 3.05%
Farmland 1.14%
Condominium 0.72%
Three to Four Family 0.14%
Occupancy Status Primary 96.53%
Rental 3.47%
Geographic Distribution California 6.11%
Texas 20.38%
Florida 5.05%
Largest Zip Code Concentration 76009 0.30%
Credit Grade A-1 52.61%
A-2 22.69%
B 18.83%
C 5.11%
D 0.76%
NA 0.01%
Delinquency 0 - 29 Days 100.00%
30 - 59 Days 0.00%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
----------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in
the Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in the communication and
will be superseded by the information set forth in the final prospectus
supplement.
14
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
================================================================================
GEOGRAPHIC DISTRIBUTION - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Aggregate Principal % of Fixed Rate Group by
State or Territory Number of Loans Balance Outstanding Outstanding Principal Balance
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Alabama 72 $ 5,081,621.46 2.54%
Arizona 48 4,199,199.80 2.10
Arkansas 44 3,356,682.50 1.68
California 127 12,217,219.58 6.11
Colorado 44 5,484,553.95 2.74
Connecticut 46 5,001,278.72 2.50
Delaware 7 837,007.58 0.42
District Of Columbia 4 310,000.00 0.15
Florida 118 10,094,856.66 5.05
Georgia 78 6,873,630.05 3.44
Idaho 7 765,510.06 0.38
Illinois 108 7,423,832.17 3.71
Indiana 33 1,526,566.88 0.76
Iowa 32 2,595,764.59 1.30
Kansas 36 2,517,835.24 1.26
Kentucky 20 1,547,004.25 0.77
Louisiana 31 2,443,357.96 1.22
Maine 10 599,987.25 0.30
Maryland 20 1,632,439.09 0.82
Massachusetts 27 1,796,730.89 0.90
Michigan 100 7,425,960.26 3.71
Minnesota 34 3,165,167.60 1.58
Mississippi 18 1,584,624.13 0.79
Missouri 72 4,698,693.20 2.35
Montana 1 17,799.97 0.01
Nebraska 31 2,118,194.84 1.06
Nevada 8 915,772.51 0.46
New Hampshire 8 945,870.62 0.47
New Jersey 27 2,400,660.05 1.20
New Mexico 12 1,005,789.27 0.50
New York 50 4,876,124.96 2.44
North Carolina 115 9,524,325.23 4.76
North Dakota 2 127,298.58 0.06
Ohio 98 6,797,146.40 3.40
Oklahoma 41 3,372,647.12 1.69
Oregon 5 329,912.75 0.16
Pennsylvania 120 7,814,327.97 3.91
Rhode Island 8 791,729.00 0.40
South Carolina 82 6,711,325.31 3.36
South Dakota 6 421,279.94 0.21
Tennessee 54 4,429,367.93 2.21
Texas 783 40,751,440.28 20.38
Utah 10 817,102.60 0.41
Vermont 4 191,905.55 0.10
Virginia 59 4,473,657.78 2.24
Washington 35 3,987,658.88 1.99
West Virginia 16 1,139,376.50 0.57
Wisconsin 28 1,865,717.68 0.93
Wyoming 13 994,087.89 0.50
----- --------------- -------
Total 2,752 $200,000,043.48 100.00%
===== =============== =======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
15
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
YEAR OF ORIGINATION - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Aggregate Principal % of Fixed Rate Group by Outstanding
Year of Origination Number of Loans Balance Outstanding Principal Balance
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1996 1 $ 41,038.12 0.02%
1997 2 39,818.59 0.02
1998 8 309,315.28 0.15
1999 49 2,747,788.03 1.37
2000 2,692 196,862,083.46 98.43
----- --------------- -------
Total 2,752 $200,000,043.48 100.00%
===== =============== =======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
16
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
ORIGINAL LOAN AMOUNT DISTRIBUTION - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Range of Aggregate Principal % of Fixed Rate Group by
Original Loan Amount Number of Loans Balance Outstanding Outstanding Principal Balance
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than $10,000 1 $ 9,281.81 *%
10,000 - 19,999.99 227 3,232,946.71 1.62
20,000 - 29,999.99 305 7,517,957.96 3.76
30,000 - 39,999.99 273 9,423,223.24 4.71
40,000 - 49,999.99 280 12,594,979.42 6.30
50,000 - 59,999.99 273 14,827,883.33 7.41
60,000 - 69,999.99 252 16,200,391.20 8.10
70,000 - 79,999.99 222 16,534,688.25 8.27
80,000 - 89,999.99 165 13,914,829.57 6.96
90,000 - 99,999.99 144 13,546,871.16 6.77
100,000 - 109,999.99 111 11,543,130.78 5.77
110,000 - 119,999.99 88 10,115,346.69 5.06
120,000 - 129,999.99 68 8,452,125.23 4.23
130,000 - 139,999.99 65 8,733,534.07 4.37
140,000 - 149,999.99 55 7,938,372.81 3.97
150,000 - 159,999.99 33 5,063,338.94 2.53
160,000 - 169,999.99 29 4,780,274.34 2.39
170,000 - 179,999.99 34 5,940,106.42 2.97
180,000 - 189,999.99 18 3,313,472.41 1.66
190,000 - 199,999.99 15 2,941,589.99 1.47
200,000 - 209,999.99 19 3,862,574.73 1.93
210,000 - 219,999.99 9 1,929,826.11 0.96
220,000 - 229,999.99 11 2,462,774.22 1.23
230,000 - 239,999.99 7 1,637,383.10 0.82
240,000 - 249,999.99 9 2,188,358.03 1.09
250,000 - 259,999.99 10 2,529,948.17 1.26
260,000 - 269,999.99 7 1,855,200.00 0.93
270,000 - 279,999.99 3 819,006.70 0.41
280,000 - 289,999.99 1 286,600.00 0.14
290,000 - 299,999.99 5 1,478,500.00 0.74
300,000 - 309,999.99 4 1,220,947.83 0.61
320,000 - 329,999.99 3 969,500.00 0.48
340,000 - 349,999.99 2 682,573.10 0.34
Greater than or equal to $350,000 4 1,452,507.16 0.73
----- --------------- ------
Total 2,752 $200,000,043.48 100.00%
===== =============== =======
</TABLE>
(*) Indicates an amount greater than zero but less than 0.005% of the aggregate
principal balance of the initial loans as of the cut-off date.
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
17
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
INTEREST RATE DISTRIBUTION - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Range of Mortgage Aggregate Principal % of Fixed Rate Group by
Loan Interest Rates (%) Number of Loans Balance Outstanding Outstanding Principal Balance
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7 - 7.999 1 $ 84,002.17 0.04%
8 - 8.999 4 534,516.78 0.27
9 - 9.999 45 4,707,096.18 2.35
10 - 10.999 172 18,865,911.20 9.43
11 - 11.999 400 40,915,992.31 20.46
12 - 12.999 762 62,924,469.44 31.46
13 - 13.999 588 38,590,969.66 19.30
14 - 14.999 517 21,541,158.90 10.77
15 - 15.999 202 9,689,363.85 4.84
16 - 16.999 39 1,543,046.50 0.77
17 - 17.999 14 348,652.48 0.17
18 - 18.999 3 78,233.85 0.04
19 - 19.999 3 86,569.71 0.04
20 - 20.999 2 90,060.45 0.05
----- --------------- -------
Total 2,752 $200,000,043.48 100.00%
----- ===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
REMAINING MONTHS TO MATURITY - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Number of Loans
Range of Remaining as of the Statistical Aggregate Principal % of Fixed Rate Group by
Months to Maturity Calculation Date Balance Outstanding Outstanding Principal Balance
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
31 - 60 17 $ 311,369.67 0.16%
61 - 90 10 332,269.37 0.17
91 - 120 170 6,086,388.91 3.04
121 - 150 15 810,710.54 0.41
151 - 180 666 43,323,994.91 21.66
181 - 210 5 185,574.12 0.09
211 - 240 1,242 99,861,223.93 49.93
241 - 270 2 69,832.56 0.03
271 - 300 339 22,814,194.21 11.41
301 - 330 2 83,448.57 0.04
331 - 360 284 26,121,036.69 13.06
----- --------------- -------
Total 2,752 $200,000,043.48 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
18
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
LIEN POSITION - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Aggregate Principal % of Fixed Rate Group by
Lien Number of Loans Balance Outstanding Outstanding Principal Balance
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
First 2,052 $174,582,728.28 87.29%
Second 691 24,780,609.41 12.39
Third 9 636,705.79 0.32
----- --------------- -------
Total 2,752 $200,000,043.48 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
COMBINED LOAN-TO-VALUE RATIO - FIXED RATE GROUP I
<TABLE>
<CAPTION>
Range of Combined Aggregate Principal % of Fixed Rate Group by
Loan-to-Value Ratios Number of Loans Balance Outstanding Outstanding Principal Balance
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
10.001 - 15.000 2 $ 42,102.95 0.02%
15.001 - 20.000 6 162,327.76 0.08
20.001 - 25.000 6 117,153.15 0.06
25.001 - 30.000 2 35,313.26 0.02
30.001 - 35.000 8 388,116.23 0.19
35.001 - 40.000 11 382,417.05 0.19
40.001 - 45.000 15 531,436.71 0.27
45.001 - 50.000 8 214,310.51 0.11
50.001 - 55.000 31 1,477,562.48 0.74
55.001 - 60.000 38 1,428,616.01 0.71
60.001 - 65.000 54 3,116,835.88 1.56
65.001 - 70.000 69 3,567,484.03 1.78
70.001 - 75.000 97 5,511,956.09 2.76
75.001 - 80.000 505 29,068,902.02 14.53
80.001 - 85.000 181 12,439,212.78 6.22
85.001 - 90.000 382 27,674,818.63 13.84
90.001 - 95.000 629 51,947,714.23 25.97
95.001 - 100.000 708 61,893,763.71 30.95
----- --------------- -------
Total 2,752 $200,000,043.48 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
19
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
FIXED RATE GROUP II
Summary
<TABLE>
<CAPTION>
Total Minimum Maximum
----- ------- -------
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $292,509,741.45
Number of Loans 4,996
Average Original Loan Balance $58,624.56 $8,216.98 $360,316.41
Average Current Loan Balance $58,548.79 $8,121.91 $360,316.41
Weighted Average Combined LTV 87.977% 13.812% 100.000%
Weighted Average Gross Coupon 13.008% 7.500% 21.750%
Weighted Average Remaining Term to Maturity (months) 241 32 360
Weighted Average Original Term (months) 242 36 360
Weighted Average FICO Credit Score 619 430 824
Weighted Average Debt to Income Ratio 43.52% 3.00% 100.00%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Percent of Statistical Calculation
----------------------------------
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Mortgage Loans 68.66%
Balloon Mortgage Loans 31.34%
Lien Position First 76.36%
Second 23.15%
Third 0.48%
Property Type One to Two Family 88.29%
Manufactured Homes 6.86%
Single Family 1.97%
Farmland 1.63%
Condominium 1.04%
Three to Four Family 0.22%
Occupancy Status Primary 97.80%
Rental 2.20%
Geographic Distribution California 10.36%
Texas 21.29%
Largest Zip Code Concentration 94533 0.31%
Credit Grade A-1 51.47%
A-2 20.12%
B 19.80%
C 6.55%
D 1.87%
NA 0.20%
Delinquency 0 - 29 Days 100.00%
30 - 59 Days 0.00%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
20
<PAGE>
COMPUTATIONAL MATERIALS FOR CONCESCO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Aggregate Principal % of Fixed Rate Group by
State or Territory Number of Loans Balance Outstanding by Outstanding Principal Balance
--------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Alabama 91 $ 5,275,302.48 1.80%
Arizona 153 9,152,323.58 3.13
Arkansas 53 3,366,883.96 1.15
California 398 30,300,699.84 10.36
Colorado 121 9,028,884.17 3.09
Connecticut 94 5,592,908.47 1.91
Delaware 6 234,175.36 0.08
District Of Columbia 10 405,630.63 0.14
Florida 200 12,791,359.84 4.37
Georgia 131 8,818,656.56 3.01
Idaho 19 861,545.47 0.29
Illinois 177 9,355,346.92 3.20
Indiana 62 3,218,150.51 1.10
Iowa 57 3,282,818.77 1.12
Kansas 58 2,774,298.28 0.95
Kentucky 50 2,164,080.05 0.74
Louisiana 93 5,686,512.93 1.94
Maine 19 910,676.28 0.31
Maryland 51 2,531,824.63 0.87
Massachusetts 70 4,897,177.60 1.67
Michigan 195 13,642,054.09 4.66
Minnesota 97 4,931,599.03 1.69
Mississippi 36 2,303,586.59 0.79
Missouri 102 5,449,449.78 1.86
Montana 6 192,205.20 0.07
Nebraska 45 2,545,387.08 0.87
Nevada 44 2,104,710.22 0.72
New Hampshire 8 357,542.54 0.12
New Jersey 61 3,078,526.50 1.05
New Mexico 25 1,543,632.68 0.53
New York 172 9,548,819.11 3.26
North Carolina 102 7,481,715.78 2.56
North Dakota 9 247,280.57 0.08
Ohio 122 6,916,406.79 2.36
Oklahoma 91 4,709,807.88 1.61
Oregon 19 1,488,630.24 0.51
Pennsylvania 166 8,211,846.55 2.81
Rhode Island 30 1,103,814.90 0.38
South Carolina 99 6,741,980.16 2.30
South Dakota 12 843,751.05 0.29
Tennessee 83 5,619,546.50 1.92
Texas 1,248 62,270,395.45 21.29
Utah 25 1,291,907.18 0.44
Vermont 7 390,500.00 0.13
Virginia 115 6,966,575.46 2.38
Washington 83 6,720,648.37 2.30
West Virginia 15 833,399.59 0.28
Wisconsin 47 2,895,207.34 0.99
Wyoming 19 1,429,558.49 0.49
----- --------------- ------
Total 4,996 $292,509,741.45 100.00%
===== =============== ======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
21
<PAGE>
COMPUTATIONAL MATERIALS FOR CONCESCO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
YEAR OF ORIGINATION - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Aggregate Principal % of Fixed Rate Group by Outstanding
Year of Origination Number of Loans Balance Outstanding Principal Balance
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1988 1 $ 104,775.26 0.04%
1989 1 131,437.86 0.04
1995 1 25,633.49 0.01
1997 5 270,609.11 0.09
1998 16 989,525.08 0.34
1999 29 1,381,364.29 0.47
2000 4,943 289,606,396.36 99.01
----- --------------- -------
Total 4,996 $292,509,741.45 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
22
<PAGE>
COMPUTATIONAL MATERIALS FOR CONCESCO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
ORIGINAL LOAN AMOUNT DISTRIBUTION - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Range of Aggregate Principal % of Fixed Rate Group by
Original Loan Amount Number of Loans Balance Outstanding Outstanding Principal Balance
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Less than $10,000 2 $ 17,489.52 0.01%
10,000 - 19,999.99 749 11,019,061.95 3.77
20,000 - 29,999.99 876 21,258,498.11 7.27
30,000 - 39,999.99 650 22,330,885.27 7.63
40,000 - 49,999.99 513 22,759,241.57 7.78
50,000 - 59,999.99 398 21,616,337.96 7.39
60,000 - 69,999.99 353 22,656,353.48 7.75
70,000 - 79,999.99 301 22,340,963.01 7.64
80,000 - 89,999.99 222 18,629,270.84 6.37
90,000 - 99,999.99 187 17,645,229.85 6.03
100,000 - 109,999.99 126 13,111,186.13 4.48
110,000 - 119,999.99 116 13,362,710.91 4.57
120,000 - 129,999.99 90 11,161,344.91 3.82
130,000 - 139,999.99 76 10,214,654.09 3.49
140,000 - 149,999.99 64 9,252,027.24 3.16
150,000 - 159,999.99 49 7,480,378.78 2.56
160,000 - 169,999.99 45 7,436,614.77 2.54
170,000 - 179,999.99 35 6,097,318.18 2.08
180,000 - 189,999.99 16 2,938,209.19 1.00
190,000 - 199,999.99 22 4,278,650.00 1.46
200,000 - 209,999.99 16 3,263,782.11 1.12
210,000 - 219,999.99 11 2,347,430.04 0.80
220,000 - 229,999.99 15 3,357,301.66 1.15
230,000 - 239,999.99 5 1,165,898.74 0.40
240,000 - 249,999.99 8 1,956,113.36 0.67
250,000 - 259,999.99 6 1,518,354.92 0.52
260,000 - 269,999.99 12 3,158,573.94 1.08
270,000 - 279,999.99 6 1,629,522.17 0.56
280,000 - 289,999.99 3 844,874.54 0.29
290,000 - 299,999.99 6 1,764,247.62 0.60
300,000 - 309,999.99 1 304,861.01 0.10
310,000 - 319,999.99 8 2,511,962.71 0.86
320,000 - 329,999.99 2 646,500.00 0.22
330,000 - 339,999.99 1 330,876.46 0.11
340,000 - 349,999.99 2 692,700.00 0.24
Greater than or equal to $350,000 4 1,410,316.41 0.48
----- --------------- -------
Total 4,996 $292,509,741.45 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
23
<PAGE>
COMPUTATIONAL MATERIALS FOR CONCESCO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
INTEREST RATE DISTRIBUTION - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Range of Mortgage Aggregate Principal % of Fixed Rate Group by Outstanding
Loan Interest Rates (%) Number of Loans Balance Outstanding Principal Balance
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7 - 7.999 3 $ 259,213.26 0.09%
8 - 8.999 22 2,059,728.72 0.70
9 - 9.999 101 12,512,282.83 4.28
10 - 10.999 271 27,031,668.15 9.24
11 - 11.999 581 53,307,759.68 18.22
12 - 12.999 977 72,303,752.85 24.72
13 - 13.999 776 45,369,468.68 15.51
14 - 14.999 886 34,113,587.81 11.66
15 - 15.999 771 26,957,529.51 9.22
16 - 16.999 331 10,938,676.04 3.74
17 - 17.999 171 4,867,313.78 1.66
18 - 18.999 64 1,724,867.17 0.59
19 - 19.999 27 751,764.84 0.26
20 - 20.999 12 236,343.94 0.08
21 - 21.999 3 75,784.19 0.03
----- --------------- -------
Total 4,996 $292,509,741.45 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
REMAINING MONTHS TO MATURITY - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Number of Loans
Range of Remaining as of the Statistical Aggregate Principal % of Fixed Rate Group by Outstanding
Months to Maturity Calculation Date Balance Outstanding Principal Balance
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
31 - 60 60 $ 1,374,032.77 0.47%
61 - 90 41 903,685.61 0.31
91 - 120 419 12,033,594.90 4.11
121 - 150 27 1,359,725.86 0.46
151 - 180 1,088 60,072,307.26 20.54
181 - 210 10 537,308.02 0.18
211 - 240 2,429 149,926,683.37 51.26
241 - 270 4 279,704.16 0.10
271 - 300 510 29,189,667.82 9.98
301 - 330 1 50,148.17 0.02
331 - 360 407 36,782,883.51 12.57
----- --------------- -------
Total 4,996 $292,509,741.45 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
24
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
================================================================================
LIEN POSITION - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Aggregate Principal % of Fixed Rate Group by Outstanding
Lien Number of Loans Balance Outstanding Principal Balance
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
First 2,839 $223,371,863.42 6.36%
Second 2,119 67,723,555.94 23.15
Third 38 1,414,322.09 0.48
----- --------------- -------
Total 4,996 $292,509,741.45 100.00%
===== =============== =======
</TABLE>
================================================================================
COMBINED LOAN-TO-VALUE RATIO - FIXED RATE GROUP II
<TABLE>
<CAPTION>
Range of Combined Aggregate Principal % of Fixed Rate Group by Outstanding
Loan-to-Value Ratios Number of Loans Balance Outstanding Principal Balance
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
10.001 - 15.000 2 $ 49,673.96 0.02%
15.001 - 20.000 6 111,859.35 0.04
20.001 - 25.000 5 136,666.59 0.05
25.001 - 30.000 13 287,861.36 0.10
30.001 - 35.000 27 853,616.18 0.29
35.001 - 40.000 22 927,163.98 0.32
40.001 - 45.000 22 886,276.03 0.30
45.001 - 50.000 54 2,175,143.08 0.74
50.001 - 55.000 55 2,135,488.89 0.73
55.001 - 60.000 73 3,017,709.93 1.03
60.001 - 65.000 119 4,847,848.42 1.66
65.001 - 70.000 138 6,575,026.32 2.25
70.001 - 75.000 251 12,016,490.51 4.11
75.001 - 80.000 818 43,730,435.41 14.95
80.001 - 85.000 355 21,668,568.71 7.41
85.001 - 90.000 699 44,722,167.06 15.29
90.001 - 95.000 950 64,877,995.64 22.18
95.001 - 100.000 1,387 83,489,750.03 28.54
----- --------------- -------
Total 4,996 $292,509,741.45 100.00%
===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
25
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
DESCRIPTION OF THE COLLATERAL
ADJUSTABLE RATE GROUP
Summary
<TABLE>
<CAPTION>
Total Minimum Maximum
----- ------- -------
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $186,893,420.15
Number of Loans 1,507
Average Original Loan Balance $ 124,176.47 $26,100.00 $350,000.00
Average Current Loan Balance $ 124,016.87 $26,081.26 $349,844.84
Weighted Average Combined LTV 89.823% 33.668% 100.000%
Weighted Average Gross Coupon 10.122% 8.250% 13.990%
Weighted Average Remaining Term to Maturity (months) 357 178 360
Weighted Average Original Term (months) 360 180 360
Weighted Average Gross Margin 5.843% 3.000% 9.150%
Weighted Average Maximum Rate 16.394% 12.500% 24.000%
Weighted Average Periodic Cap 1.330% 1.000% 3.000%
Weighted Average FICO Credit Score 617 469 811
Weighted Average Debt to Income Ratio 42.53% 1.00% 62.00%
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Percent of Statistical Calculation
----------------------------------
Range Date Principal Balance
----- ----------------------
<S> <C> <C>
Fully Amortizing Loans 100.00%
Product Type 2/28 LIBOR 95.01%
3/27 LIBOR 4.99%
Lien Position First 100.00%
Property Type Single Family 97.70%
Manufactured Homes 1.07%
Condominium 0.57%
Townhouse 0.49%
Two Family 0.11%
One to Two Family 0.05%
Occupancy Status Primary 100.00%
Geographic Distribution California 14.38%
Ohio 7.14%
Maryland 6.75%
Illinois 6.02%
North Carolina 5.51%
Virginia 5.37%
Largest Zip Code Concentration 20772 0.42%
Credit Grade A-1 61.96%
A-2 16.20%
B 18.88%
C 2.84%
D 0.11%
Delinquency 0 - 29 Days 98.61%
30 - 59 Days 1.39%
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
26
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Aggregate Principal % of Adjustable Rate Group by
State or Territory Number of Loans Balance Outstanding Outstanding Principal Balance
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Alabama 46 $ 4,246,024.24 2.27%
Arizona 37 4,849,821.64 2.59
Arkansas 1 254,792.02 0.14
California 150 26,877,224.99 14.38
Colorado 51 8,815,338.65 4.72
Connecticut 4 459,233.31 0.25
Delaware 2 148,571.01 0.08
District Of Columbia 10 1,749,864.99 0.94
Florida 64 6,927,589.79 3.71
Georgia 72 8,192,745.18 4.38
Idaho 3 271,379.57 0.15
Illinois 91 11,258,961.56 6.02
Indiana 54 5,308,661.03 2.84
Iowa 35 2,988,367.03 1.60
Kansas 37 4,174,859.19 2.23
Kentucky 25 2,697,669.29 1.44
Louisiana 8 812,899.55 0.43
Maryland 74 12,620,637.25 6.75
Massachusetts 10 1,342,691.81 0.72
Michigan 47 4,835,309.30 2.59
Minnesota 19 2,720,352.62 1.46
Mississippi 15 1,212,794.96 0.65
Missouri 43 4,266,635.13 2.28
Montana 1 71,940.97 0.04
Nebraska 16 1,395,074.45 0.75
Nevada 22 3,195,289.36 1.71
New Jersey 12 1,889,310.04 1.01
New Mexico 2 167,786.47 0.09
New York 6 847,936.36 0.45
North Carolina 103 10,294,924.26 5.51
North Dakota 1 110,037.17 0.06
Ohio 128 13,342,738.25 7.14
Oklahoma 3 434,128.16 0.23
Oregon 12 1,878,151.87 1.00
Pennsylvania 33 2,762,630.13 1.48
Rhode Island 8 947,002.57 0.51
South Carolina 61 5,297,988.03 2.83
South Dakota 1 62,937.51 0.03
Tennessee 33 3,592,692.69 1.92
Texas 38 4,869,381.42 2.61
Utah 26 3,369,510.45 1.80
Virginia 60 10,027,914.17 5.37
Washington 15 2,710,782.28 1.45
West Virginia 11 934,182.43 0.50
Wisconsin 16 1,542,877.63 0.83
Wyoming 1 115,779.37 0.06
----- --------------- -------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== =======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
27
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
YEAR OF ORIGINATION - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Aggregate Principal % of Adjustable Rate Group by
Year of Origination Number of Loans Balance Outstanding Outstanding Principal Balance
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1998 2 $ 221,390.00 0.12%
1999 51 5,876,981.78 3.14
2000 1,454 180,795,048.37 96.74
----- -------------- ------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== =======
</TABLE>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
ORIGINAL LOAN AMOUNT DISTRIBUTION - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Aggregate Principal % of Adjustable Rate Group by
Original Loan Amount Number of Loans Balance Outstanding Outstanding Principal Balance
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
20,000 - 29,999.99 10 $ 278,689.13 0.15%
30,000 - 39,999.99 27 952,743.11 0.51
40,000 - 49,999.99 57 2,576,250.87 1.38
50,000 - 59,999.99 83 4,631,428.67 2.48
60,000 - 69,999.99 121 7,848,567.14 4.20
70,000 - 79,999.99 141 10,498,813.75 5.62
80,000 - 89,999.99 101 8,509,411.12 4.55
90,000 - 99,999.99 112 10,588,033.01 5.67
100,000 - 109,999.99 110 11,539,250.71 6.17
110,000 - 119,999.99 115 13,177,422.52 7.05
120,000 - 129,999.99 79 9,869,858.01 5.28
130,000 - 139,999.99 76 10,188,729.60 5.45
140,000 - 149,999.99 67 9,706,103.91 5.19
150,000 - 159,999.99 48 7,414,616.99 3.97
160,000 - 169,999.99 48 7,865,167.07 4.21
170,000 - 179,999.99 51 8,841,705.31 4.73
180,000 - 189,999.99 25 4,632,003.96 2.48
190,000 - 199,999.99 33 6,428,437.24 3.44
200,000 - 209,999.99 24 4,910,231.15 2.63
210,000 - 219,999.99 28 6,012,124.04 3.22
220,000 - 229,999.99 23 5,165,105.18 2.76
230,000 - 239,999.99 20 4,690,037.28 2.51
240,000 - 249,999.99 18 4,410,951.75 2.36
250,000 - 259,999.99 16 4,047,351.07 2.17
260,000 - 269,999.99 12 3,176,365.19 1.70
270,000 - 279,999.99 14 3,845,990.59 2.06
280,000 - 289,999.99 8 2,295,733.91 1.23
290,000 - 299,999.99 8 2,365,220.24 1.27
300,000 - 309,999.99 10 3,042,435.06 1.63
310,000 - 319,999.99 4 1,258,069.24 0.67
320,000 - 329,999.99 5 1,625,951.88 0.87
330,000 - 339,999.99 2 672,223.71 0.36
340,000 - 349,999.99 4 1,380,705.20 0.74
Greater than or equal to 7 2,447,692.54 1.31
- ------------ ----
$350,000
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
28
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C>
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== =======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
29
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
------------------------------------------------------------------------------
--------------------------------------------------------------------------------
INTEREST RATE DISTRIBUTION - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Mortgage Aggregate Principal % of Adjustable Rate Group by
Loan Interest Rates (%) Number of Loans Balance Outstanding Outstanding Principal Balance
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
8 - 8.999 126 $ 17,829,120.28 9.54%
9 - 9.999 669 91,701,648.46 49.07
10 - 10.999 448 52,132,212.25 27.89
11 - 11.999 183 18,916,894.53 10.12
12 - 12.999 64 4,987,632.99 2.67
13 - 13.999 17 1,325,911.64 0.71
----- --------------- ------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== ======
</TABLE>
------------------------------------------------------------------------------
REMAINING MONTHS TO MATURITY - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Remaining Aggregate Principal % of Adjustable Rate Group by
Months to Maturity Number of Loans Balance Outstanding Outstanding Principal Balance
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
151 - 180 1 $ 45,291.36 0.02%
331 - 360 1,506 186,848,128.79 99.98
----- --------------- ------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== ======
</TABLE>
--------------------------------------------------------------------------------
COMBINED LOAN-TO-VALUE RATIO - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Combined Aggregate Principal % of Adjustable Rate Group by
Loan-to-Value Ratios Number of Loans Balance Outstanding Outstanding Principal Balance
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
30.001 - 35.000 1 $ 42,071.70 0.02%
35.001 - 40.000 1 29,461.19 0.02
40.001 - 45.000 1 78,467.01 0.04
45.001 - 50.000 3 419,379.87 0.22
55.001 - 60.000 1 96,282.47 0.05
60.001 - 65.000 9 729,419.65 0.39
65.001 - 70.000 24 1,853,930.05 0.99
70.001 - 75.000 38 4,503,676.52 2.41
75.001 - 80.000 121 11,623,657.34 6.22
80.001 - 85.000 128 13,475,416.10 7.21
85.001 - 90.000 622 78,053,981.75 41.76
90.001 - 95.000 497 69,161,504.98 37.01
95.001 - 100.000 61 6,826,171.52 3.65
----- --------------- ------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== ======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
30
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
------------------------------------------------------------------------------
-------------------------------------------------------------------------------
GROSS MARGIN - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Aggregate Principal % of Adjustable Rate Group by
Gross Margin Number of Loans Balance Outstanding Outstanding Principal Balance
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3.000 - 3.249 1 $ 151,029.26 0.08%
3.750 - 3.999 2 283,888.76 0.15
4.000 - 4.249 10 1,581,230.38 0.85
4.250 - 4.499 19 3,051,009.37 1.63
4.500 - 4.749 47 6,757,056.65 3.62
4.750 - 4.999 89 13,102,584.76 7.01
5.000 - 5.249 113 15,151,069.20 8.11
5.250 - 5.499 162 20,970,106.79 11.22
5.500 - 5.749 198 28,250,083.82 15.12
5.750 - 5.999 186 24,684,613.14 13.21
6.000 - 6.249 140 15,967,660.67 8.54
6.250 - 6.499 123 13,425,184.36 7.18
6.500 - 6.749 110 12,463,602.41 6.67
6.750 - 6.999 105 12,014,298.69 6.43
7.000 - 7.249 56 5,348,082.02 2.86
7.250 - 7.499 47 4,727,728.85 2.53
7.500 - 7.749 29 3,193,594.65 1.71
7.750 - 7.999 30 2,697,021.62 1.44
8.000 - 8.249 15 1,156,300.19 0.62
8.250 - 8.499 9 772,126.14 0.41
8.500 - 8.749 10 672,172.83 0.36
8.750 - 8.999 4 312,613.59 0.17
9.000 - 9.249 2 160,362.00 0.09
----- --------------- ------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== ======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
31
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
------------------------------------------------------------------------------
------------------------------------------------------------------------------
MONTH OF NEXT RATE ADJUSTMENT - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Month of Next Aggregate Principal % of Adjustable Rate Group by
Rate Adjustment Number of Loans Balance Outstanding Outstanding Principal Balance
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
November, 2000 1 $ 93,151.67 0.05%
December, 2000 1 128,238.33 0.07
January, 2001 0 0.00 0.00
February, 2001 0 0.00 0.00
March, 2001 3 153,671.64 0.08
April, 2001 0 0.00 0.00
May, 2001 0 0.00 0.00
June, 2001 2 192,559.41 0.10
July, 2001 2 180,057.70 0.10
August, 2001 1 193,187.61 0.10
September, 2001 1 63,620.18 0.03
October, 2001 2 126,231.74 0.07
November, 2001 7 881,495.10 0.47
December, 2001 14 1,482,429.55 0.79
January, 2002 20 2,628,483.68 1.41
February, 2002 17 1,910,384.98 1.02
March, 2002 44 5,212,715.84 2.79
April, 2002 134 16,957,845.92 9.07
May, 2002 343 40,127,739.99 21.47
June, 2002 473 62,147,330.44 33.25
July, 2002 279 35,317,919.55 18.90
August, 2002 67 7,942,093.42 4.25
September, 2002 16 2,235,113.80 1.20
October, 2002 2 150,488.12 0.08
November, 2002 0 0.00 0.00
December, 2002 2 167,160.78 0.09
January, 2003 1 162,803.28 0.09
February, 2003 0 0.00 0.00
March, 2003 1 115,164.82 0.06
April, 2003 8 770,010.42 0.41
May, 2003 30 3,285,794.37 1.76
June, 2003 19 2,080,962.69 1.11
July, 2003 12 1,566,872.38 0.84
August, 2003 5 619,892.74 0.33
----- --------------- ------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== ======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
32
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
------------------------------------------------------------------------------
--------------------------------------------------------------------------------
MAXIMUM RATE - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Aggregate Principal % of Adjustable Rate Group by
Maximum Rates Number of Loans Balance Outstanding Outstanding Principal Balance
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
12.500 - 12.749 1 $ 123,215.40 0.07%
13.250 - 13.499 1 162,787.95 0.09
14.250 - 14.499 3 384,643.56 0.21
14.500 - 14.749 10 1,798,904.90 0.96
14.750 - 14.999 92 12,906,608.29 6.91
15.000 - 15.249 25 2,970,104.24 1.59
15.250 - 15.499 144 19,380,114.31 10.37
15.500 - 15.749 110 14,264,543.04 7.63
15.750 - 15.999 237 30,860,503.44 16.51
16.000 - 16.249 53 5,981,232.83 3.20
16.250 - 16.499 115 14,664,913.67 7.85
16.500 - 16.749 90 11,541,737.75 6.18
16.750 - 16.999 245 31,505,197.14 16.86
17.000 - 17.249 46 4,933,240.32 2.64
17.250 - 17.499 63 7,151,962.36 3.83
17.500 - 17.749 53 6,336,806.38 3.39
17.750 - 17.999 89 10,629,281.50 5.69
18.000 - 18.249 19 1,650,367.83 0.88
18.250 - 18.499 26 2,314,138.65 1.24
18.500 - 18.749 24 2,274,654.06 1.22
18.750 - 18.999 20 1,974,863.08 1.06
19.000 - 19.249 9 721,629.88 0.39
19.250 - 19.499 4 244,001.52 0.13
19.500 - 19.749 9 706,450.35 0.38
19.750 - 19.999 11 775,277.92 0.41
20.000 - 20.249 1 112,875.05 0.06
20.250 - 20.499 1 139,970.43 0.07
20.500 - 20.749 3 107,109.62 0.06
20.750 - 20.999 1 60,000.00 0.03
21.500 - 21.749 1 135,792.52 0.07
24.000 - 24.249 1 80,492.16 0.04
----- --------------- -------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== =======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
33
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
------------------------------------------------------------------------------
-------------------------------------------------------------------------------
MINIMUM RATE - ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Range of Aggregate Principal % of Adjustable Rate Group by
Minimum Rates Number of Loans Balance Outstanding Outstanding Principal Balance
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3.750 - 3.999 1 $ 148,319.06 0.08%
4.000 - 4.249 2 417,237.90 0.22
4.250 - 4.499 14 2,388,616.89 1.28
4.500 - 4.749 35 4,851,747.50 2.60
4.750 - 4.999 40 5,606,565.62 3.00
5.000 - 5.249 59 7,426,839.80 3.97
5.250 - 5.499 65 8,268,867.46 4.42
5.500 - 5.749 98 14,117,102.69 7.55
5.750 - 5.999 89 10,734,912.48 5.74
6.000 - 6.249 65 7,164,767.30 3.83
6.250 - 6.499 49 5,147,257.01 2.75
6.500 - 6.749 59 6,062,520.20 3.24
6.750 - 6.999 50 5,777,135.06 3.09
7.000 - 7.249 26 2,781,461.86 1.49
7.250 - 7.499 30 3,129,706.84 1.67
7.500 - 7.749 17 2,099,632.21 1.12
7.750 - 7.999 13 1,183,655.12 0.63
8.000 - 8.249 14 1,029,098.95 0.55
8.250 - 8.499 7 670,883.43 0.36
8.500 - 8.749 8 887,681.53 0.47
8.750 - 8.999 45 6,207,027.92 3.32
9.000 - 9.249 28 4,210,885.11 2.25
9.250 - 9.499 78 10,819,344.98 5.79
9.500 - 9.749 86 11,501,770.25 6.15
9.750 - 9.999 171 24,454,061.96 13.08
10.000 - 10.249 32 3,327,726.51 1.78
10.250 - 10.499 69 9,156,954.83 4.90
10.500 - 10.749 46 6,000,409.70 3.21
10.750 - 10.999 92 10,071,935.19 5.39
11.000 - 11.249 18 1,843,964.49 0.99
11.250 - 11.499 28 2,456,205.92 1.31
11.500 - 11.749 21 2,304,361.47 1.23
11.750 - 11.999 17 1,834,303.76 0.98
12.000 - 12.249 6 671,640.75 0.36
12.250 - 12.499 10 654,416.83 0.35
12.500 - 12.749 8 713,076.58 0.38
12.750 - 12.999 4 245,191.92 0.13
13.000 - 13.249 4 313,941.70 0.17
13.250 - 13.499 2 131,207.44 0.07
13.500 - 13.749 1 80,983.93 0.04
----- --------------- -------
Total 1,507 $186,893,420.15 100.00%
----- ===== =============== =======
</TABLE>
________________________________________________________________________________
Recipients must read the information contained in the attached statement. Do not
use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
34
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
PREPAYMENT SCENARIOS
<TABLE>
<CAPTION>
Scenario I Scenario II Scenario III Scenario IV Scenario V
------------ ------------- -------------- ------------- ------------
<S> <C> <C> <C> <C> <C>
Adjustable Rate Mortgage Loans /(1)/ 18% 24% 30% 36% 42%
Fixed Rate Mortgage Loans /(2)/ 75% 100% 125% 150% 175%
</TABLE>
(1) As a conditional prepayment rate ("CPR") percentage.
(2) As a percentage of the Prepayment Assumption for Fixed Rate Mortgage Loans.
CPR PREPAYMENT SENSITIVITIES
<TABLE>
<CAPTION>
Scenario I Scenario II Scenario III Scenario IV Scenario V
------------ ------------ ------------ ------------ ------------
WAL/Maturity WAL/Maturity WAL/Maturity WAL/Maturity WAL/Maturity
<S> <C> <C> <C>
To Call
AF-1A 4.43 08/09 3.39 07/07 2.82 03/06 2.37 04/05 1.95 07/04
AF-1 1.52 12/03 1.21 03/03 1.02 10/02 0.89 07/02 0.79 04/02
AF-2 3.32 05/04 2.57 08/03 2.10 01/03 1.79 09/02 1.56 06/02
AF-3 5.29 04/09 4.08 05/07 3.07 08/05 2.39 10/03 2.06 05/03
AF-4 8.78 08/09 6.70 07/07 5.32 03/06 4.12 04/05 2.94 07/04
MF-1 7.32 08/09 5.60 07/07 4.57 03/06 4.08 04/05 3.71 07/04
MF-2 7.32 08/09 5.60 07/07 4.55 03/06 3.97 04/05 3.65 07/04
BF-1 5.70 04/08 4.37 07/06 3.60 05/05 3.29 08/04 3.24 03/04
AV-1 3.26 08/09 2.37 07/07 1.73 03/06 1.24 04/05 0.98 07/03
MV-1 6.62 08/09 5.07 07/07 4.58 03/06 4.45 04/05 3.66 07/04
MV-2 6.62 08/09 5.02 07/07 4.29 03/06 4.11 04/05 3.65 07/04
BV-1 4.84 07/07 3.65 09/05 3.30 08/04 3.31 05/04 2.96 01/04
To Maturity
AF-1A 4.79 11/12 3.71 05/10 3.17 09/08 2.75 07/07 2.23 03/06
AF-1 1.52 12/03 1.21 03/03 1.02 10/02 0.89 07/02 0.79 04/02
AF-2 3.32 05/04 2.57 08/03 2.10 01/03 1.79 09/02 1.56 06/02
AF-3 5.29 04/09 4.08 05/07 3.07 08/05 2.39 10/03 2.06 05/03
AF-4 10.02 03/12 7.83 10/09 6.04 11/07 4.52 06/06 3.04 04/05
MF-1 9.05 03/15 7.11 07/12 5.86 08/10 5.19 03/09 5.49 02/08
MF-2 9.04 03/15 7.10 07/12 5.82 08/10 5.05 03/09 4.52 02/08
BF-1 5.70 04/08 4.37 07/06 3.60 05/05 3.29 08/04 3.24 03/04
AV-1 3.43 08/12 2.50 02/10 1.83 06/08 1.26 03/06 0.98 07/03
MV-1 7.87 01/15 6.00 01/12 5.28 01/10 5.83 07/08 4.97 04/07
MV-2 7.87 01/15 5.94 01/12 4.98 01/10 4.50 07/08 4.01 04/07
BV-1 4.84 07/07 3.65 09/05 3.30 08/04 3.31 05/04 2.96 01/04
</TABLE>
* The Certificates will be priced, with respect to the Fixed Rate Mortgage
Loans, using 125% of the Base Prepayment Assumption. The Base Prepayment
Assumption assumes a conditional prepayment rate of 4% per annum of the then
outstanding principal balance of the Fixed Rate Mortgage Loans in the first
month of the life of the Fixed Rate Mortgage Loans and an additional 1.45%
(precisely, 16%/11) per annum in each month thereafter until the twelfth month.
Beginning in the twelfth month and in each month thereafter, the conditional
prepayment rate is 20% (times 125%). The Certificates will be priced, with
respect to the Adjustable Rate Mortgage Loans, using a constant prepayment rate
of 30% CPR.
_______________________________________________________________________________
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
35
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
ADJUSTABLE RATE NET FUNDS CAP RATE
----------------------------------
<TABLE>
<CAPTION>
Period Scenario I Scenario II Period Scenario I Scenario II
------ ---------- ----------- ------ ---------- -----------
<S> <C> <C> <C> <C> <C>
1 9.62 9.62 38 12.06 15.54
2 9.62 9.63 39 12.06 15.63
3 9.62 9.63 40 12.06 15.69
4 9.62 9.63 41 12.06 15.7
5 9.63 9.63 42 12.06 15.79
6 9.63 9.63 43 12.06 15.81
7 9.63 9.63 44 12.06 15.83
8 9.63 9.63 45 12.06 15.84
9 9.63 9.63 46 12.06 15.84
10 9.63 9.64 47 12.06 15.85
11 9.64 9.64 48 12.06 15.86
12 9.64 9.64 49 12.06 15.87
13 9.65 9.65 50 12.06 15.88
14 9.66 9.67 51 12.06 15.89
15 9.70 9.71 52 12.06 15.89
16 9.73 9.74 53 12.06 15.89
17 9.80 9.81 54 12.06 15.89
18 10.01 10.04 55 12.06 15.89
19 10.44 10.51 56 12.06 15.89
20 11.19 11.4 57 12.06 15.89
21 11.59 11.94 58 12.06 15.89
22 11.68 12.07 59 12.06 15.89
23 11.71 12.13 60 12.06 15.89
24 11.97 12.57 61 12.06 15.89
25 11.97 12.78 62 12.06 15.89
26 11.97 13.18 63 12.06 15.89
27 11.98 13.44
28 11.98 13.51
29 11.98 13.56
30 11.99 13.83
31 12.01 14.08
32 12.03 14.51
33 12.05 14.8
34 12.05 14.87
35 12.05 14.88
36 12.06 15.04
37 12.06 15.25
</TABLE>
* Scenario I is achieved assuming 6 month LIBOR stays constant at 6.72%; run at
the pricing speed to call.
** Scenario II is achieved assuming 6 month LIBOR instantaneously increases to a
level beyond the highest maximum obtainable rate on the underlying adjustable
rate mortgage loans; run at the pricing speed to call.
_______________________________________________________________________________
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
36
<PAGE>
COMPUTATIONAL MATERIALS FOR CONSECO FINANCE
[LOGO OF MERRILL LYNCH] CERTIFICATES FOR HOME EQUITY LOANS, SERIES 2000-F
--------------------------------------------------------------------------------
FOR ADDITIONAL INFORMATION PLEASE CALL:
Asset Backed Securities Group
-----------------------------
Ken Mulford (212) 449-0752
Andy Coon (212) 449-8721
David Wu (212) 449-2610
Demetrios Tsipras (212) 449-9486
Vu Nguyen (212) 449-1955
Brian Swinteck (212) 449-4242
Neeraj Tulshan (212) 449-5494
MBS/ABS Trading
---------------
(New York)
Scott Soltas (212) 449-3659
Terrence Mack (212) 449-3659
Brian Kane (212) 449-3659
Laila Kollmorgen (212) 449-3659
Vince Mora (212) 449-5320
Asset Backed Research
---------------------
Glenn Costello (212) 449-4457
Joshua Anderson (212) 449-9622
_______________________________________________________________________________
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Merrill Lynch
account executive for another copy. The collateral information set forth in the
Computational Materials supersedes any previously distributed collateral
information relating to the securities discussed in this communication and will
be superseded by the information set forth in the final prospectus supplement.
37
