|
|
|
|
|
|
|
|
|
<PAGE>
EXHIBIT 99.1
CONSECO FINANCE CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that she is Senior Vice President and Treasurer of
Conseco Finance Corp., a Delaware corporation (the "Company"), and that as such
she is duly authorized to execute and deliver this certificate on behalf of the
Company pursuant to Section 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated February 1, 2000, (2000-2), between the Company and U.S.Bank
National Association, as Trustee (all capitalized terms used herein without
definition having the respective meanings specified in the Agreement), and
further certifies that:
1. The Monthly Report for the period from July 16, 2000 to August 15, 2000
attached to this certificate is complete and accurate in accordance with
the requirements of Sections 6.01 and 6.02 of the Agreement; and
2. As of the date hereof, no Event of Termination or event that with notice
or lapse of time or both would become an Event of Termination has
occurred.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 28th day of
August, 2000.
CONSECO FINANCE CORP.
BY: /s/Phyllis A. Knight
--------------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO.#20846QC L0,M8,N6,P1,Q9,R7
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------------- -------------
<S> <C> <C>
CLASS A CERTIFICATES
--------------------
(1a) Amount available( including Monthly Servicing Fee) 11,907,795.42
-----------------
(b) Class M-1 Interest Deficiency Amount (if any) and Class B-1 Interest
Deficiency Amount (if any) withdrawn for prior Remittance Date 0.00
-----------------
(c) Amount Available after giving effect to withdrawal of Class M-1 Interest
Deficiency Amount and Class B-1 Interest Deficiency Amount for prior
Remittance Date 11,907,795.42
-----------------
(d) Amount withdrawn from (Capitalized Interest)(Pre-Funding) Account 0.00
-----------------
A. Interest
(2) Aggregate interest
a. Class A-1 Remittance Rate (7.72%) 7.72%
-----------------
b. Class A-1 Interest 274,254.31 5.86640235
----------------- -------------
c. Class A-2 Remittance Rate (7.98%) 7.98%
-----------------
d. Class A-2 Interest 119,700.00 6.65000000
----------------- -------------
e. Class A-3 Remittance Rate (8.07%) 8.07%
-----------------
f. Class A-3 Interest 208,475.00 6.72500000
----------------- -------------
g. Class A-4 Remittance Rate (8.48%) 8.48%
-----------------
h. Class A-4 Interest 233,200.00 7.06666667
----------------- -------------
i. Class A-5 Remittance Rate (8.85%) 8.85%
-----------------
j. Class A-5 Interest 649,921.88 7.37500006
----------------- -------------
k. Class A-6 Remittance Rate 8.49%, (unless
the Weighted Average Contract Rate is
less than 8.49%) 8.49%
-----------------
l. Class A-6 Interest 2,776,240.81 6.94060203
----------------- -------------
(3) Amount applied to:
a. Unpaid Class A Interest Shortfall 0.00 0
----------------- -------------
(4) Remaining:
a. Unpaid Class A Interest Shortfall 0.00 0
----------------- -------------
B. Principal
(5) Formula Principal Distribution Amount 6,295,886.58 N/A
----------------- -------------
a. Scheduled Principal 908,974.58 N/A
----------------- -------------
b. Principal Prepayments 3,873,142.91 N/A
----------------- -------------
c. Liquidated Contracts 2,320.50 N/A
----------------- -------------
d. Repurchases 0.00 N/A
----------------- -------------
e. Current Month Advanced Principal 1,343,630.56 N/A
----------------- -------------
f. Prior Month Advanced Principal (1,105,096.74) N/A
----------------- -------------
g. Additional Principal Distribution ($3,750,000.00 cap) 1,272,914.77
-----------------
(6) Pool Scheduled Principal Balance 736,195,987.32
-----------------
(6b) Adjusted Pool Principal Balance 734,852,356.76 979.80314235
----------------- -------------
(6c) Pool Factor 0.97980314
-----------------
(6d) Net Certificate Principal Balance 720,735,845.91
-----------------
(6e) Overcollateralization Amount (not to exceed $15,000,000.00) 14,116,510.85
-----------------
</TABLE>
*Subject to a maximum rate equal to the Weighted Average Contract Rate
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO.#20846QC L0,M8,N6,P1,Q9,R7
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
Page 2
<TABLE>
<CAPTION>
<S> <C> <C>
(7) Unpaid Class A Principal Shortfall
(if any) following prior Remittance Date 0.00
-----------------
(8) Class A Percentage for such Remittance Date 93.29%
-----------------
(9) Class A Percentage for the following Remittance Date 93.24%
-----------------
(10) Class A Principal Distribution:
a. Class A-1 2,213,447.36 47.34646759
----------------- -------------
b. Class A-2 0.00 0.00000000
----------------- -------------
c. Class A-3 0.00 0.00000000
----------------- -------------
d. Class A-4 0.00 0.00000000
----------------- -------------
e. Class A-5 0.00 0.00000000
----------------- -------------
g. Class A-6 4,082,439.22 10.20609805
----------------- -------------
(11) Class A-1 Principal Balance 40,416,756.65 864.52955401
----------------- -------------
(11a) Class A-1 Pool Factor 0.86452955
-----------------
(12) Class A-2 Principal Balance 18,000,000.00 1000.0000000
----------------- -------------
(12a) Class A-2 Pool Factor 1.00000000
-----------------
(13) Class A-3 Principal Balance 31,000,000.00 1000.0000000
----------------- -------------
(13a) Class A-3 Pool Factor 1.00000000
-----------------
(14) Class A-4 Principal Balance 33,000,000.00 1000.0000000
----------------- -------------
(14a) Class A-4 Pool Factor 1.00000000
-----------------
(15) Class A-5 Principal Balance 88,125,000.00 1000.0000000
----------------- -------------
(15a) Class A-5 Pool Factor 1.00000000
-----------------
(16) Class A-6 Principal Balance 388,319,089.26 970.7977232
----------------- -------------
(16a) Class A-6 Pool Factor 0.97079772
-----------------
(17) Unpaid Class A Principal Shortfall
(if any)following current Remittance Date 0.00
-----------------
(18) Additional Principal Distribution Amount
-----------------
C. Aggregate Scheduled Balances and Number of Delinquent
Contracts as of Determination Date
(19) 31-59 days 6,553,360.20 168
----------------- -------------
(20) 60 days or more 5,117,354.84 122
----------------- -------------
(21) Current Month Repossessions 223,009.99 6
----------------- -------------
(22) Repossession Inventory 252,399.89 9
----------------- -------------
</TABLE>
Please contact Bondholder Services Department of U.S. Bank National Association,
1-800-934-6802 with any questions regarding this statement or your Distribution.
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO.#20846QC L0,M8,N6,P1,Q9,R7
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
Page 3
<TABLE>
<CAPTION>
<S> <C> <C>
Class M-1, M-2, Distribution Test and Class B Distribution test (applicable on
and after the Remittance Date occurring in July 2004.)
(23) Average Sixty - Day Delinquency Ratio Test
(a) Sixty - Day Delinquency Ratio for current Remittance Date 0.73%
-----------------
(b) Average Sixty - Day Delinquency Ratio (arithmetic average
of ratios for this month and two preceding months;
may not exceed 5.0%) 0.37%
-----------------
(24) Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current Remittance Date (as a
percentage of Cut-off Date Pool Principal Balance; may not exceed
5.5% from July 1, 2004 to June 30, 2005,
7.0% from July 1, 2005 to June 30, 2006; 9.0% from 0.00%
July 1, 2006 to June 30, 2007 and 10.5% thereafter) -----------------
(25) Current Realized Losses Test
(a) Current Realized Losses for current Remittance Date 3,038.44
-----------------
(b) Current Realized Loss Ratio (total Realized Losses for the most
recent three months, multiplied by 4, divided by arithmetic
average of Pool Scheduled Principal Balances for third preceding
Remittance and for current Remittance Date;
may not exceed 2.75%) 0.00%
-----------------
(26) Class M-1, M-2, Principal Balance Test
(a) The sum of Class M-1, M2 Principal Balance and Class B Principal
Balance (before distributions on current Remittance Date) divided
by Pool Scheduled Principal Balance as of preceding Remittance
Date is greater than 27.375% 16.79%
-----------------
(b) The sum of Class M-2 Principal Balance and Class B Principal
Balance (before distributions on current Remittance Date) divided
by Pool Scheduled Principal Balance as of preceding Remittance
Date is greater than 20.25% 11.88%
-----------------
(27) Class B Principal Balance Test
(a) Class B Principal Balance (before any distributions on current
Remittance Date) as of such Remittance date is greater than
$15,000,000.00 48,750,000.00
-----------------
(b) Class B Principal Balance (before distributions on current
Remittance Date) divided by pool Scheduled Principal Balance
as of preceding Remittance Date is equal to or greater than 12.75%. 6.71%
-----------------
</TABLE>
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO. #20846QCS5, T3
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
Page 4
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------------- -------------
<S> <C> <C>
CLASS M-1 CERTIFICATES
----------------------
(28) Amount available( including Monthly Servicing Fee) 1,350,116.84
-----------------
A. Interest
(29) Aggregate interest
(a) Class M-1 Remittance Rate 9.08%, unless the
Weighted Average Contract Rate is less than 9.08%) 9.08%
-----------------
(b) Class M-1 Interest 269,562.50 7.56666667
----------------- -------------
(c) Interest on Class M-1 Adjusted Principal Balance 0.00
-----------------
(30) Amount applied to Class M-1 Interest Deficiency Amount 0.00
-----------------
(31) Remaining unpaid Class M-1 Interest Deficiency Amount 0.00
-----------------
(32) Amount applied to:
a. Unpaid Class M-1 Interest Shortfall 0.00 0
----------------- -------------
(33) Remaining:
a. Unpaid Class M-1 Interest Shortfall 0.00 0
----------------- -------------
B. Principal
(34) Formula Principal Distribution Amount 0.00 N/A
----------------- -------------
a. Scheduled Principal 0.00 N/A
----------------- -------------
b. Principal Prepayments 0.00 N/A
----------------- -------------
c. Liquidated Contracts 0.00 N/A
----------------- -------------
d. Repurchases 0.00 N/A
----------------- -------------
(35) Class M-1 Principal Balance 35,625,000.00 1000.00000000
----------------- -------------
(35a) Class M-1 Pool Factor 1.00000000
-----------------
(36) Class M-1 Percentage for such Remittance Date 0.00%
-----------------
(37) Class M-1 Principal Distribution:
a. Class M-1 (current) 0.00 0.00000000
----------------- -------------
b. Unpaid Class M-1 Principal Shortfall
(if any) following prior Remittance Date 0.00
-----------------
(38) Unpaid Class M-1 Principal Shortfall
(if any) following current Remittance Date 0.00
-----------------
(39) Class M-1 Percentage for the following Remittance Date 0.00%
-----------------
(40) Class M-1 Liquidation Loss Interest
(a) Class M-1 Liquidation Loss Amount 0.00
-----------------
(b) Amount applied to Class M-1
Liquidation Loss Interest Amount 0.00
-----------------
(c) Remaining Class M-1 Liquidation Loss
Interest Amount 0.00
-----------------
(d) Amount applied to Unpaid Class M-1
Loss Interest Shortfall 0.00
-----------------
(e) Remaining Unpaid Class M-1
Liquidation Loss Interest Shortfalls 0.00
-----------------
</TABLE>
*Subject to a maximum rate equal to the Weighted Average Contract Rate
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO. #20846QCS5, T3
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
Page 5
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------------- -------------
<S> <C> <C>
CLASS M-2 CERTIFICATES
----------------------
(41) Amount available( including Monthly Servicing Fee) 1,080,554.34
-----------------
(42) Aggregate interest
(a) Class M-2 Remittance Rate 10.32%, unless the
Weighted Average Contract Rate is less than 10.32%) 10.32%
-----------------
(b) Class M-2 Interest 322,500.00 8.60000000
----------------- -------------
(c) Interest on Class M-2 Adjusted Principal Balance 0.00
-----------------
(43) Amount applied to Class M-2 Interest Deficiency Amount 0.00
-----------------
(44) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00
-----------------
(45) Amount applied to:
a. Unpaid Class M-2 Interest Shortfall 0.00 0
----------------- -------------
(46) Remaining:
a. Unpaid Class M-2 Interest Shortfall 0.00 0
----------------- -------------
B. Principal
(47) Formula Principal Distribution Amount 0.00 N/A
----------------- -------------
a. Scheduled Principal 0.00 N/A
----------------- -------------
b. Principal Prepayments 0.00 N/A
----------------- -------------
c. Liquidated Contracts 0.00 N/A
----------------- -------------
d. Repurchases 0.00 N/A
----------------- -------------
(48) Class M-2 Principal Balance 37,500,000.00 1000.00000000
----------------- -------------
(48a) Class M-2 Pool Factor 1.00000000
-----------------
(49) Class M-2 Percentage for such Remittance Date 0.00%
-----------------
(50) Class M-2 Principal Distribution:
a. Class M-2 (current) 0.00 0.00000000
----------------- -------------
b. Unpaid Class M-2 Principal Shortfall
(if any) following prior Remittance Date 0.00
-----------------
(51) Unpaid Class M-2 Principal Shortfall
(if any) following current Remittance Date 0.00
-----------------
(52) Class M-2 Percentage for the following Remittance Date 0.00%
-----------------
(53) Class M-2 Liquidation Loss Interest
(a) Class M-2 Liquidation Loss Amount 0.00
-----------------
(b) Amount applied to Class M-2
Liquidation Loss Interest Amount 0.00
-----------------
(c) Remaining Class M-2 Liquidation Loss
Interest Amount 0.00
-----------------
(d) Amount applied to Unpaid Class M-2
Loss Interest Shortfall 0.00
-----------------
(e) Remaining Unpaid Class M-2
Liquidation Loss Interest Shortfalls 0.00
-----------------
</TABLE>
*Subject to a maximum rate equal to the Weighted Average Contract Rate
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO. 20846QCU0, CV8
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
Page 6
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------------- -------------
<S> <C> <C>
CLASS BI CERTIFICATES
---------------------
(1) Amount Available less the Class A
Distribution Amount and Class M-1 Distribution
Amount (including Monthly Servicing Fee) 758,054.34
-----------------
(2) Class B-1 Adjusted Principal Balance 0.00
-----------------
(3) Class B-1 Remittance Rate (11.06%
unless Weighted Average Contract Rate
is below 11.06%) 11.06%
-----------------
(4) Interest on Class B-1 Adjusted Principal Balance 0.00
-----------------
(3) Aggregate Class B1 Interest 138,250.00 9.21666667
----------------- -------------
(4) Amount applied to Unpaid
Class B1 Interest Shortfall 0.00 0.00
----------------- -------------
(5) Remaining Unpaid Class B1
Interest Shortfall 0.00 0.00
----------------- -------------
(6) Amount applied to Class B-1
Interest Deficiency Amount 0.00
-----------------
(7) Remaining Unpaid Class B-1
Interest Deficiency Amount 0.00
-----------------
(8) Unpaid Class B-1 Principal Shortfall
(if any) following prior Remittance Date 0.00
-----------------
(8a) Class B Percentage for such Remittance Date 0.00
-----------------
(9) Current Principal (Class B Percentage of Formula Principal
Distribution Amount) 0.00 0.00000000
----------------- -------------
(10a) Class B1 Principal Shortfall 0.00
-----------------
(10b) Unpaid Class B1 Principal Shortfall 0.00
-----------------
(11) Class B Principal Balance 48,750,000.00
-----------------
(12) Class B1 Principal Balance 15,000,000.00
-----------------
(12a) Class B1 Pool Factor 1.00000000
-----------------
(13) Class B-1 Liquidation Loss Interest
(a) Class B-1 Liquidation Loss Amount 0.00
-----------------
(b) Amount Applied to Class B-1 Liquidation Loss Interest Amount 0.00
-----------------
(c) Remaining Class B-1 Liquidation Loss Interest Amount 0.00
-----------------
(d) Amount applied to Unpaid Class B-1 Liquidation Loss Interest Shortfall 0.00
-----------------
(e) Remaining Unpaid Class B-1 Liquidation Loss Interest Shortfall 0.00
-----------------
</TABLE>
<PAGE>
SERIES 2000-2
CERTIFICATES for MANUFACTURED HOUSING LOANS
MONTHLY REPORT Aug-00
CUSIP NO. 20846QCU0, CV8
TRUST ACCOUNT #3338226-0
REMITTANCE DATE 9/01/2000
Page 7
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------------- -------------
<S> <C> <C>
CLASS B2 CERTIFICATES
---------------------
(14) Remaining Amount Available 619,804.34
-----------------
(15) Class B-2 Remittance Rate ( 11.06%
unless Weighted Average Contract
Rate is less than 11.06%) 11.06%
-----------------
(16) Aggregate Class B2 Interest 311,062.50 9.21666667
----------------- -------------
(17) Amount applied to Unpaid
Class B2 Interest Shortfall 0.00 0.00
----------------- -------------
(18) Remaining Unpaid Class B2
Interest Shortfall 0.00 0.00
----------------- -------------
(19) Unpaid Class B2 Principal Shortfall
(if any) following prior Remittance Date 0.00
-----------------
(20) Class B2 Principal Liquidation Loss Amount 0.00
-----------------
(21) Class B2 Principal (zero until class B1
paid down: thereafter, Class B Percentage
of formula Principal Distribution Amount) 0.00 0.00000000
----------------- -------------
(22) Guarantee Payment 0.00
-----------------
(23) Class B2 Principal Balance 33,750,000.00
-----------------
(23a) Class B2 Pool Factor 1.00000000
-----------------
(24) Monthly Servicing Fee (deducted from Certificate Account balance
to arrive at Amount Available if the Company or Green Tree
Financial Servicing Corporation is not the Servicer; deducted
from funds remaining after payment of Class A Distribution
Amount, Class M-1 Distribution Amount,
Class B-1 Distribution Amount and Class B-2 Distribution
Amount, if the Company or Green Tree Financial Servicing Corp. 308,741.84
is the Servicer) -----------------
(25) Class B-3I Guarantee Fee 0.00
-----------------
(26) Class B-3I Distribution Amount 0.00
-----------------
(27) Class B-3I Formula Distribution Amount (all Excess
Interest plus Unpaid Class B-3I Shortfall) 0.00
-----------------
(28) Class B-3I Distribution Amount (remaining Amount Available) 0.00
-----------------
(29) Class B-3I Shortfall (26-27) 1,237,125.68
-----------------
(30) Unpaid Class B-3I Shortfall 3,573,776.67
-----------------
(31) Class M-1 Interest Deficiency on such Remittance Date 0.00
-----------------
(32) Class B-1 Interest Deficiency on such Remittance Date 0.00
-----------------
(33) Repossessed Contracts 223,009.99
-----------------
(34) Repossessed Contracts Remaining in Inventory 252,399.89
-----------------
(35) Weighted Average Contract Rate 11.68766
-----------------
</TABLE>
Please contact Bondholder Services Department of U.S. Bank National Association,
1-800-934-6802 with any questions regarding this statement or your Distribution.
|
|