CONSECO FINANCE CORP
8-K, 2000-03-21
ASSET-BACKED SECURITIES
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            -------------------------


                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): March 15, 2000


          CONSECO FINANCE SECURITIZED NET INTEREST MARGIN TRUST 1995-A
          ------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



        Minnesota                     33-53527              41-1815020
(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 1995-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 1995-A
                                               February, 2000
                                               Payment: March 15, 2000

                                               7.25% SECURITIZED NET INTEREST
                                               MARGIN CERTIFICATES

                                               Cusip #                 393534AC6
                                               Trust Account #        33-34309-0
                                               Distribution Date: March 15, 2000
<TABLE>
<CAPTION>

                                                                                         Per $1,000
Securitized Net Interest Margin Certificates                                              Original
- --------------------------------------------                                             ----------
<S>                                                             <C>                      <C>
1.   Amount Available                                              1,686,164.90
                                                              -----------------
     Pro rata Share of Excess from NIM 94-A                       77,008,521.00
                                                              -----------------
Interest

2.   Aggregate Interest                                              956,379.37          3.10512782
                                                              -------------------------------------


3.   Amount Applied to:
     (a) accrued but unpaid Interest

4.   Remaining:
     (a) accrued but unpaid Interest

5.   Monthly Interest                                                956,379.37
                                                              -----------------

Principal

6.   Current month's principal distribution                       77,738,306.53        252.39709912
                                                              -------------------------------------

7.   Remaining outstanding principal balance                      80,558,968.05         261.5550911
                                                              -------------------------------------
     Pool Factor                                                     0.26155509
                                                              -----------------

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 Fund                   7,500,000.00
                                                              -----------------

10.  Subordinated Certificateholder payment  (interest
     earnings on Reserve Fund, pursuant to Section 5.8)               30,890.76
                                                              -----------------

11.  Aggregate principal balance of loans
     refinanced by Green Tree Financial                            3,495,004.74
                                                              -----------------

12.  Weighted average CPR                                                 9.97%
                                                              -----------------

13.  Weighted average CDR                                                 3.24%
                                                              -----------------

14.  Annualized net loss percentage                                       1.93%
                                                              -----------------

15.  Delinquency              30-59 day                                   0.86%
                                                              -----------------
                              60-89 day                                   0.39%
                                                              -----------------
                              90+ day                                     0.96%
                                                              -----------------
                              Total 30+                                   2.21%
                                                              -----------------
</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 1995-A
                                                February, 2000
                                                Payment: March 15, 2000


                                            Fee Assets
                    ---------------------------------------------------------
                        Guarantee               Inside             Fee Asset
                          Fees                   Refi                Total
                    ---------------------------------------------------------

GTFC 1994-5              51,905.10            16,134.32            68,039.42
GTFC 1994-6              51,164.86            24,686.41            75,851.27
GTFC 1994-7                   0.00             9,912.77             9,912.77
GTFC 1994-8              19,431.62            23,619.76            43,051.38
GTFC 1995-1              96,322.69            40,328.37           136,651.06
GTFC 1995-2                   0.00                 0.00                 0.00
GTFC 1995-3             142,588.36            44,691.72           187,280.08
GTFC 1995-4              80,502.94            61,141.89           141,644.83
GTFC 1995-5                   0.00                 0.00                 0.00
                    ---------------------------------------------------------

                        441,915.57           220,515.24           662,430.81

Total amount of Guarantee Fees and

     Inside Refinance Payments                                    662,430.81
                                                             ---------------

Subordinated Servicing Fees                                       657,977.55
                                                             ---------------

Payment on Finance 1 Note                                       1,320,408.36
                                                             ---------------

Allocable to Interest (current)                                   687,797.44
                                                             ---------------

Allocable to accrued but unpaid Interest                                0.00
                                                             ---------------

Accrued and unpaid Trustee Fees                                         0.00
                                                             ---------------

Allocable to Principal                                            632,610.92
                                                             ---------------

Finance 1 Note Principal Balance                              113,209,724.76
                                                             ---------------
<PAGE>

                                               Net Interest Margin Trust 1995-A
                                               February, 2000
                                               Payment: March 15, 2000


                                            Inside
                             Residual        Refi          Total
                           ------------------------------------------

GTFC 1994-5                         0.00          0.00          0.00
GTFC 1994-6                         0.00          0.00          0.00
GTFC 1994-7                         0.00          0.00          0.00
GTFC 1994-8                         0.00          0.00          0.00
GTFC 1995-1                         0.00          0.00          0.00
GTFC 1995-2                   163,274.71     36,197.92    199,472.63
GTFC 1995-3                         0.00          0.00          0.00
GTFC 1995-4                         0.00          0.00          0.00
GTFC 1995-5                   118,210.79     48,073.12    166,283.91
                           ==========================================

                              281,485.50     84,271.04    365,756.54

                           Total Residual and Inside
                               Refinance Payments         365,756.54


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