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Previous: COVA VARIABLE ANNUITY ACCOUNT FIVE, 24F-2NT, 2000-03-21 |
Next: CONSECO FINANCE CORP, 8-K, 2000-03-21 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 15, 2000
CONSECO FINANCE SECURITIZED NET INTEREST MARGIN TRUST 1994-A
------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Minnesota 33-51935 41-1775853
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file numbers) identification no.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (651) 293-3400
--------------
NOT APPLICABLE
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
Pursuant to the Pooling and Servicing Agreement between Conseco
Finance Corp. (the "Servicer") and First Bank National Association
(the "Trustee"), on March 15, 2000, the Trustee made distributions to
the holders of the certificates representing interests in the Trust
(the "Certificateholders") and delivered to the Certificateholders the
Monthly Report required by Section 1.01 of the Servicing Agreement
attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
The following is filed herewith. The exhibit number corresponds
with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on
March 15, 2000
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: March 15, 2000
SECURITIZED NET INTEREST MARGIN
TRUST 1994-A
By CONSECO FINANCE CORP.
as Servicer with respect to the Trust
By: /s/ Phyllis A. Knight
-------------------------------------
PHYLLIS A. KNIGHT
Senior Vice President and Treasurer
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Page
- ------- ----
99.1 Monthly Report delivered to Certificateholders 5
on March 15, 2000.
<PAGE>
EXHIBIT 99.1
Net Interest Margin Trust 1994-A
February, 2000
Payment: March 15, 2000
6.90% SECURITIEZED NET INTEREST
MARGIN CERTIFICATES
Cusip # 393534AA0
Trust Account # 33-31829-0
Distribution Date: March 15, 2000
<TABLE>
<CAPTION>
Per $1,000
Securitized Net Interest Margin Certificates Original
- -------------------------------------------- --------------
<S> <C> <C>
1. Amount Available 123,728,908.82
----------------
Interest
2. Aggregate Interest 213,133.25 0.41955364
-------------------------------------------
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 213,133.25
----------------
Principal
6. Current month's principal distribution 37,066,652.07 72.96585053
-------------------------------------------
7. Remaining outstanding principal balance 0.00 000.0000000
-------------------------------------------
Pool Factor 0.00000000
----------------
8. Present value of the projected remaining aggregate
cashflows of the Finance I Assets and the
Residual Assets, as of the immediately
preceding Distribution Date 371,562,341.66**
----------------
9. Aggregate amount on deposit in reserve funds:
(i) attributable to the Residual Assets 37,282,869.88
----------------
(ii) attributable to this securitization 0.00
----------------
10. Aggregate principal balance of loans
refinanced by Conseco Finance 1,800,989.60
----------------
11. Weighted average CPR 11.10%
----------------
12. Weighted average CDR 1.71%
----------------
13. Annualized net loss percentage 0.92%
----------------
14. Delinquency 30-59 day 0.63%
----------------
60-89 day 0.23%
----------------
90+ day 0.48%
----------------
Total 30+ 1.34%
----------------
</TABLE>
US Bank Trust N. A. Paying Agent/Bondholder Relations (612) 973-5800
**Represents present value of assets for NIM 94-A, 94-B, & 95-A, after
cross-collateralization, as of 2/15/00.
<PAGE>
Net Interest Margin Trust 1994-A
February, 2000
Payment: March 15, 2000
<TABLE>
<CAPTION>
Fee Assets
----------------------------------------------------------------------------
Guarantee GNMA Excess Inside Fee Asset
Fees Excess Servicing Refi Total
----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
MaHCS 1987-A 0.00 0.00 0.00 0.00
MaHCS 1987-B 0.00 0.00 0.00 0.00
MLMI 1987B 0.00 0.00 0.00 0.00
MLMI 1987C 0.00 0.00 0.00 0.00
MLMI 1988E 0.00 0.00 0.00 0.00
MLMI 1988H 0.00 0.00 0.00
MLMI 1988Q 0.00 0.00 0.00
MLMI 1988X 0.00 0.00 0.00
MLMI 1989B 0.00 0.00 0.00
MLMI 1989D 0.00 4,956.25 4,956.25
MLMI 1989F 11,031.88 7,156.75 1,936.11 20,124.74
MLMI 1989H 6,238.52 6,511.10 228.46 12,978.08
MLMI 1990B 10,726.27 4,058.68 11.14 14,796.09
MLMI 1990D 0.00 5,750.45 154.91 5,905.36
MLMI 1990G 62,548.20 7,818.53 363.90 70,730.63
MLMI 1990I 0.00 0.00 0.00
MLMI 1991B 0.00 0.00 0.00
MLMI 1991D 0.00 7,360.66 7,360.66
MLMI 1991G 0.00 11,888.20 11,888.20
MLMI 1991I 0.00 12,224.17 12,224.17
MLMI 1992B 0.00 28,394.26 28,394.26
MLMI 1992D 0.00 22,939.47 22,939.47
GTFC 1992-1 0.00 28,915.86 10,617.49 39,533.35
GTFC 1992-2 22,321.88 37,068.39 9,909.19 69,299.46
GTFC 1993-1 90,807.32 33,471.95 12,587.67 136,866.94
GTFC 1993-2 221,342.01 66,015.92 21,221.78 308,579.71
GTFC 1993-3 335,492.88 100,668.67 33,255.62 469,417.17
GTFC 1993-4 0.00 116,655.48 116,655.48
- --------------------------------------------------------------------------------------------------
Conventional 760,508.96 0.00 501,854.79 90,286.27 1,352,650.02
- --------------------------------------------------------------------------------------------------
GNMA Servicing Fees 1,284,601.39 28,128.33 1,312,729.72
FHA Payment (207,630.57) (207,630.57)
Servicing (187,747.34) (187,747.34)
Prepayment shortfalls (27,008.90) (27,008.90)
Liquidation Losses (73,950.17) (73,950.17)
-------------------------------------------------------------------------
GNMA 788,264.41 28,128.33 816,392.74
-------------------------------------------------------------------------
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Serving Fees, and Inside Refinance Payments 2,169,042.76
----------------------
Payment on Finance 1 Note 2,169,042.76
----------------------
Allocable to Interest (current) 202,072.91
----------------------
Allocable to accrued but unpaid Interest 0.00
----------------------
Accrued and unpaid Trustee Fees 0.00
----------------------
Allocable to Principal 1,966,969.85
----------------------
Finance 1 Note Principal Balance 33,176,145.17
----------------------
</TABLE>
<PAGE>
Net Interest Margin Trust 1994-A
February, 2000
Payment: March 15, 2000
Inside
Residual Refi Total
-------------------------------------------------
MaHCS 1987-A 0.00 0.00
MaHCS 1987-B 0.00 0.00
MLMI 1987B 0.00 0.00
MLMI 1987C 0.00 0.00
MLMI 1988E 0.00 0.00
MLMI 1988H 0.00 0.00 0.00
MLMI 1988Q 0.00 0.00 0.00
MLMI 1988X 0.00 0.00 0.00
MLMI 1989B 0.00 0.00 0.00
MLMI 1989D 0.00 266.55 266.55
MLMI 1989F 0.00 0.00
MLMI 1989H 0.00 0.00
MLMI 1990B 0.00 0.00
MLMI 1990D 0.00 0.00
MLMI 1990G 189,151.94 189,151.94
MLMI 1990I 0.00 0.00 0.00
MLMI 1991B 0.00 0.00 0.00
MLMI 1991D 40,049.05 0.00 40,049.05
MLMI 1991G 120,210.67 0.00 120,210.67
MLMI 1991I 273,627.17 25,608.83 299,236.00
MLMI 1992B 3,037,510.15 117,352,503.57 120,390,013.72
MLMI 1992D 307,498.02 6,626.95 314,124.97
GTFC 1992-1 0.00 0.00
GTFC 1992-2 0.00 0.00
GTFC 1993-1 0.00 0.00
GTFC 1993-2 0.00 0.00
GTFC 1993-3 0.00 0.00
GTFC 1993-4 190,191.62 16,621.54 206,813.16
-------------------------------------------------
4,158,238.62 117,401,627.44 121,559,866.06
Total Residual and Inside
Refinance Payments 121,559,866.06
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