EX-99.1 3 dex991.txt TERM SHEET DATED JUNE 4, 2002 Exhibit 99.1 $442,500,000 Offered (approximate) [Logo of Conseco Corp.] Conseco Finance Securitizations Corp. Seller Conseco Finance Corp. Servicer Certificates for Manufactured Housing Contracts Series 2002-2 June 4, 2002 [Logo of Credit Suisse First Boston] [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Table of Contents Offered Certificates 2 Distributions 6 Characteristics of Initial Contracts 12 Total Pool 12 New Property Subpool 17 Used Property/Non-Repo Subpool 22 Used Property/Repo Subpool 27 Prepayment Sensitivities 32 Disclaimer 33

[Logo of Credit Suisse First Boston] 1 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Offered Certificates Seller Conseco Finance Securitizations Corp. Servicer Conseco Finance Corp. Back-up Servicer [Wells Fargo Bank Minnesota, N.A.] Trustee U.S. Bank National Association, St. Paul, MN Lead Underwriter Credit Suisse First Boston Co-Underwriters Lehman Brothers Merrill Lynch & Co.

(1) All Offered Certificates are priced to a 10% optional termination. (2) Accrues interest at the lesser of the Remittance Rate and the weighted average of the rates on the contracts in the contract pool, net of the servicing fee and back-up servicing fee and adjusted for amounts payable to the Class A-IO Certificates. (3) Accrues interest at the lesser of the Remittance Rate and the weighted average of the rates on the contracts in the contract pool, net of the servicing fee and back-up servicing fee. (4) Class A-IO accrues interest on its scheduled notional balance, as described herein. (5) Initial notional balance. [Logo of Credit Suisse First Boston] 2 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Rating Agencies Moody's Investors Service, Inc. ("Moody's") Standard & Poor's ("S&P") Cut-off Date May 31, 2002 for the Initial Contracts and the Settlement Date for the Additional Contracts. Expected Pricing Week of June 3, 2002 Expected Settlement Date [June 13, 2002] Registration Certificates will be available in book-entry form through DTC, Euroclear or Clearstream. Expected Final Maturity The expected final scheduled payment date on the initial contract with the latest maturity is March 25, 2033. The expected final maturity of each class of certificates, based on the assumptions that there are no defaults, prepayments, or delinquencies on payments due under the contracts and that the Purchase Option has not been exercised are as follows: CLASS EXPECTED FINAL MATURITY A-1 February 1, 2006 A-2 June 1, 2030 M-1 June 1, 2030 M-2 June 1, 2030 B-1 March 1, 2023 Remittance Date The 1st day of each month (or if such 1st day is not a business day, the next succeeding business day), commencing in July 2002. Record Date The business day just before the related Remittance Date. Accrual Basis The Certificates will accrue interest at the Remittance Rate on a 30/360 basis. The Certificates will settle flat (0 days delay). [Logo of Credit Suisse First Boston] 3 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Offered Certificates The Class A-1, Class A-2 and Class A-IO (collectively, the "Class A Certificates"), the Class M-1, the Class M-2 and the Class B-1 Certificates are being offered under the Prospectus Supplement. Other Certificates In addition to the Offered Certificates, the Class B-2, Class B-3I and Class C Certificates will also be issued. The Class B-3I Certificates are interest-only Certificates and the Class C Certificates are residual Certificates. The Class B-2, Class B-3I and Class C Certificates are not being offered under the Prospectus Supplement. The Class B-2 Certificates will initially be retained by an affiliate of Conseco Finance Corp. and have an initial principal balance of $18,750,000. The Class B-3I and Class C Certificates will be retained by an affiliate of Conseco Finance Corp. The Class B-2, Class B-3I and Class C Certificates will be fully subordinated to the Offered Certificates. ERISA Subject to the conditions to be set forth in the Prospectus Supplement, the Class A, M-1, M-2 and B-1 Certificates are ERISA eligible. SMMEA The Class A and the Class M-1 Certificates are expected to constitute "mortgage related securities" under the Secondary Mortgage Market Enhancement Act of 1984 ("SMMEA"). The Class M-2, Class B-1 and Class B-2 Certificates are not expected to be SMMEA eligible. Tax Status Three separate REMIC Elections will be made with respect to the Trust for federal income tax purposes. Purchase Option Purchase Option can be exercised on any Remittance Date on which (i) the principal balance of the certificates is less than or equal to 10% of the original principal balance of the certificates and (ii) the Class A-IO Notional Balance equals zero. The Contract Pool On the Closing Date, the Trust expects to purchase manufactured housing contracts having an aggregate principal balance of approximately $500,000,000 as of the Cut-off Date. Initial Credit Enhancement Class A 30.75% subordination (Class M-1, Class M-2, Class B-1, Class B-2 and overcollateralization) and Excess Spread Class M-1 23.00% subordination (Class M-2, Class B-1, Class B-2 and overcollateralization) and Excess Spread Class M-2 17.25% subordination (Class B-1,Class B-2 and overcollateralization) and Excess Spread Class B-1 11.50% subordination (Class B-2 and overcollateralization) and Excess Spread There will be initial overcollateralization of approximately 7.75% building to 10.25% (as described in the next paragraph) of the aggregate Cut-Off Date principal balance of the Contracts included in the Trust as of the Closing Date. The Certificateholders will be entitled to receive additional distributions in respect of principal on each Remittance 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 and the Monthly Backup Servicer Fee for such Remittance Date, until such distributions, in the aggregate, equal 2.50% of the aggregate Cut-Off Date principal balance of the Contracts included in the Trust as of the Closing Date. Such [Logo of Credit Suisse First Boston] 4 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. additional distributions in respect of principal will be paid in accordance with the distribution priorities described herein and in the Prospectus and Prospectus Supplement. [Logo of Credit Suisse First Boston] 5 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Class A-IO The Class A-IO Certificates will be interest-only certificates, and will accrue interest at the lesser of (i) 8.50% per annum and (ii) the weighted average of the rates on the contracts in the contract pool, net of the servicing fee rate and back-up servicing fee rate on a notional balance of $117,700,000 initially. Thereafter, for each Remittance Date the Class A-IO Certificates will accrue interest based on a notional balance equal to the lesser of (i) the notional balance for that Remittance Date set forth below in the Class A-IO Notional Balance Schedule and (ii) the sum of the aggregate principal balance of the contracts on that Remittance Date. The Class A-IO Certificates will be rated Aaa/AAA, and will only receive interest payments up to and including the Remittance Date in June 2010. See "Interest on the Class A, Class M-1, Class M-2 and Class B-1 Certificates" below. [Logo of Credit Suisse First Boston] 6 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Class A-IO Notional Balance Schedule PAYMENT DATE NOTIONAL BALANCE PAYMENT DATE NOTIONAL BALANCE PAYMENT DATE NOTIONAL BALANCE Jul-02 $ 117,700,000 Mar-05 $ 87,900,000 Nov-07 $ 60,800,000 Aug-02 $ 117,700,000 Apr-05 $ 85,100,000 Dec-07 $ 60,800,000 Sep-02 $ 117,700,000 May-05 $ 85,100,000 Jan-08 $ 58,900,000 Oct-02 $ 114,900,000 Jun-05 $ 85,100,000 Feb-08 $ 58,900,000 [Logo of Credit Suisse First Boston] 7 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Distributions Amount Available The Amount Available on each Remittance Date generally includes the sum of (i) payments on the Contracts due and received during the related Due Period, (ii) prepayments and other unscheduled collections received during the related Due Period, and (iii) all collections of principal on the Contracts received during the Due Period in which such Remittance Date occurs up to and including the third business day prior to such Remittance Date (but in no event later than the 25th day of the month prior to such Remittance Date), minus (iv) with respect to all Remittance Dates other than the Remittance Date in July 2002, all collections in respect of principal on the Contracts received during the related Due Period up to and including the third business day prior to the preceding Remittance Date (but in no event later than the 25th day of the prior month). Distributions Certificateholders will be entitled to receive on each Remittance Date commencing in July 2002, to the extent that the Amount Available in the Certificate Account is sufficient therefore, distributions allocable to interest and principal, as described in the Prospectus Supplement. The Amount Available in the Certificate Account with respect to any Remittance Date will be applied first to the distribution of interest on the Class A, Class M-1, Class M-2 and Class B-1 Certificates, and then to the distribution of principal on the Class A, Class M-1, Class M-2 and Class B-1 Certificates, in the manner and order of priority described below, and then to the distribution of interest and principal on the Class B-2 Certificates. Due Period The Due Period with respect to all Remittance Dates other than the Remittance Date in July 2002, is the period from and including the 16th day of the second month preceding such Remittance Date, to and including the 15th day of the month immediately preceding such Remittance Date. With respect to the Remittance Date in July 2002, the Due Period is the period from and including June 1, 2002 to and including June 15, 2002. Interest on the Class A, Interest will be distributed first to each of the Class M-1, Class M-2 and Class A-1 Certificates, Class A-2 Certificates and Class B-1 Certificates Class A-IO Certificates (interest on the Class A- IO Certificates will be based on the Class A-IO Notional Balance Schedule as described herein), then to the Class M-1 Certificates, then to the Class M-2 Certificates and then to the Class B-1 Certificates. Interest on the outstanding Class A Principal Balance, Class M-1 Adjusted Principal Balance, Class M-2 Adjusted Principal Balance and Class B-1 Adjusted Principal Balance, as applicable, will accrue from the later of (i) the Closing Date and (ii) the most recent Remittance Date on which interest has been paid to, but excluding the following Remittance Date. Each Class of Certificates will bear interest at a fixed Remittance Rate calculated on a 30/360 basis. Each class of Offered Certificates except for the Class A-IO Certificates accrues interest at the lesser of the applicable Remittance Rate and the weighted average of the rates on the contracts in the contract pool, net of the servicing fee and backup servicing fee and adjusted for amounts payable to the Class A-IO [Logo of Credit Suisse First Boston] 8 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Certificates. The Class A-IO Certificates accrue interest at the lesser of (i) 8.50% per annum and (ii) the weighted average of the rates on the contracts in the contract pool, net of the servicing fee rate and back- up servicing fee rate. Class M-1 Adjusted Principal The "Class M-1 Adjusted Principal Balance" as Balance of any Remittance Date is the Class M-1 Principal Balance less any Class M-1 Liquidation Loss Amount. The Class M-1 Principal Balance is the Original Class M-1 Principal Balance less all amounts previously distributed on account of principal on the Class M-1 Certificates. Class M-2 Adjusted Principal The "Class M-2 Adjusted Principal as of any Balance" Remittance Date is Balance the Class M-2 Principal Balance less any Class M-2 Liquidation Loss Amount. The Class M-2 Principal Balance is the Original Class M-2 Principal Balance less all amounts previously distributed on account of principal on the Class M-2 Certificates. Class B-1 Adjusted Principal The "Class B-1 Adjusted Principal Balance" as Balance of any Remittance Date is the Class B-1 Principal Balance less any Class B-1 Liquidation Loss Amount. The Class B-1 Principal Balance is the Original Class B-1 Principal Balance less all amounts previously distributed on account of principal on the Class B-1 Certificates. Interest Shortfalls In the event that, on a particular Remittance Date, the Amount Available in the Certificate Account, after payment of interest on each Class of Certificates that is senior to such Class of Certificates, is not sufficient to make a full distribution of interest to the holders of such Class of Certificates, the amount of interest to be distributed in respect of such Class will be allocated among the outstanding Certificates of such Class pro rata in accordance with their respective entitlements to interest. Interest Shortfall Carry The amount of any Interest Shortfall will be Forward carried forward and added to the amount such holders will be entitled to receive on the next Remittance Date. (For this purpose, all Class A Certificates are considered a single class.) Any such amount so carried forward will bear interest at the applicable Remittance Rate, to the extent legally permissible. Principal on the Class A, After the payment of all interest Class M-1, Class M-2 and distributable to the Class A, Class M-1, Class B-1 Certificates Class M-2 and Class B-1 Certificateholders, principal will be distributable in the following manner: On each Remittance Date, the Class A Percentage of the Formula Principal Distribution Amount will be distributed to the Class A-1 Certificatesholders until the A-1 balance has been reduced to zero; then to the Class A-2 Certificatesholders. The Class M-1 Percentage of the Formula Principal Distribution Amount will be distributed to the Class M-1 Certificateholders on each Remittance Date on which (i) the Class A Principal Balance has been reduced to zero or (ii) the Class M-1 Distribution Test is satisfied. The Class M-2 Percentage of the Formula Principal Distribution Amount will be distributed to the Class M-2 Certificateholders on each Remittance Date on which (i) the Class A Principal Balance and Class M-1 Principal Balance have been reduced to zero or (ii) the Class M-2 Distribution Test is satisfied. [Logo of Credit Suisse First Boston] 9 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. The Class B Percentage of the Formula Principal Distribution Amount will be distributed to the Class B-1 Certificateholders on each Remittance Date on which (i) the Class A Principal Balance, the Class M-1 Principal Balance and the Class M-2 Principal Balance have been reduced to zero or (ii) the Class B Distribution Test is satisfied. Formula Principal Distribution The scheduled amounts of principal Amount received and all other amounts received for principal on the loans, as more fully described in the related Prospectus Supplement. Class A Percentage The Class A Percentage for any Remittance Date will equal a fraction, expressed as a percentage, the numerator of which is the Class A Principal Balance as of such Remittance Date, and the denominator of which is the sum of: (i) the Class A Principal Balance, (ii) if the Class M-1 Distribution Test is satisfied on such Remittance Date, the Class M-1 Principal Balance (minus any Unpaid Class M-1 Principal Shortfall), otherwise zero, (iii) if the Class M-2 Distribution Test is satisfied on such Remittance Date, the Class M-2 Principal Balance (minus any Unpaid Class M-2 Principal Shortfall), otherwise zero and (iv) if the Class B Distribution Test is satisfied on such Remittance Date, the sum of the Class B Principal Balance (minus any Unpaid Class B-1 Principal Shortfall and Unpaid Class B-2 Principal Shortfall) and the Overcollateralization Amount, otherwise zero, all as of such Remittance Date. Class M-1 Percentage The Class M-1 Percentage for any Remittance Date will equal (a) zero, if the Class A Principal Balance has not yet been reduced to zero and the Class M-1 Distribution Test is not satisfied or (b) a fraction, expressed as a percentage, the numerator of which is the Class M-1 Principal Balance as of such Remittance Date, and the denominator of which is the sum of: (i) the Class A Principal Balance (ii) the Class M-1 Principal Balance (minus any unpaid Class M-1 Principal Shortfall), (iii) if the Class M-2 Distribution Test is satisfied on such Remittance Date, the Class M-2 Principal Balance (minus any Unpaid Class M-2 Principal Shortfall), otherwise zero and (iv) if the Class B Distribution Test is satisfied on such Remittance Date, the sum of the Class B Principal Balance (minus any Unpaid Class B-1 Principal Shortfall and Unpaid Class B-2 Principal Shortfall) and the Overcollateralization Amount, otherwise zero, all as of such Remittance Date. Class M-2 Percentage The Class M-2 Percentage for any Remittance Date will equal (a) zero, if the Class A Principal Balance and Class M-1 Principal Balance have not yet been reduced to zero and the Class M-2 Distribution Test is not satisfied or (b) a fraction, expressed as a percentage, the numerator of which is the Class M-2 Principal Balance as of such Remittance Date, and the denominator of which is the sum of: (i) the Class A Principal Balance (ii) the Class M-1 Principal Balance (minus any Unpaid Class M-1 Principal Shortfall), (iii) the Class M-2 Principal Balance (minus any Unpaid Class M-2 Principal Shortfall) and (iv) if the Class B Distribution Test is satisfied on such Remittance Date, the sum of the Class B Principal Balance (minus any Unpaid Class B-1 Principal Shortfall and Unpaid Class B-2 Principal Shortfall) and the Overcollateralization Amount, otherwise zero, all as of such Remittance Date. Class B Percentage The Class B Percentage for any Remittance Date will equal (a) zero, if [Logo of Credit Suisse First Boston] 10 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. the Class A Principal Balance, the Class M- 1 Principal Balance and the Class M-2 Principal Balance have not yet been reduced to zero and the Class B Distribution Test is not satisfied or (b) a fraction, expressed as a percentage, the numerator of which is the sum of the Class B Principal Balance and the Overcollateralization Amount as of such Remittance Date, and the denominator of which is the sum of: (i) the Class A Principal Balance, (ii) the Class M-1 Principal Balance (minus any Unpaid Class M-1 Principal Shortfall), (iii) the Class M-2 Principal Balance (minus any Unpaid Class M-2 Principal Shortfall), and (iv) the sum of the Class B Principal Balance (minus any Unpaid Class B-1 Principal Shortfall and Unpaid Class B-2 Principal Shortfall) and the Overcollateralization Amount, all as of such Remittance Date. Class M-1 Distribution Test The Class M-1 Distribution Test will be satisfied if each of the following tests is satisfied: (i) the Remittance Date occurs in or after July 2006; (ii) the Average Sixty-Day Delinquency Ratio Test (as defined in the Pooling and Servicing Agreement (the "Agreement")) as of such Remittance Date must not exceed [7.00]%; (iii) Cumulative Realized Losses (as defined in the Agreement) as of such Remittance Date must not exceed a certain specified percentage of the Cut-off Date Pool Principal Balance, depending on the year in which such Remittance Date occurs; (iv) the Current Realized Loss Ratio (as defined in the Agreement) as of such Remittance Date must not exceed [3.50]%; and (v) the sum of the Class M-1 Principal Balance, the Class M-2 Principal Balance, the Class B Principal Balance, and the Overcollateralization Amount divided by the Pool Scheduled Principal Balance as of the immediately preceding Remittance Date must be equal to or greater than 49.875%. Class M-2 Distribution Test The Class M-2 Distribution Test will be satisfied if each of the following tests is satisfied: (i) the Remittance Date occurs in or after July 2006; (ii) the Average Sixty-Day Delinquency Ratio Test (as defined in the Agreement) as of such Remittance Date must not exceed [7.00]%; (iii) Cumulative Realized Losses (as defined in the Agreement) as of such Remittance Date must not exceed a certain specified percentage of the Cut-off Date Pool Principal Balance, depending on the year in which such Remittance Date occurs; (iv) the Current Realized Loss Ratio (as defined in the Agreement) as of such Remittance Date must not exceed [3.50]%; and (v) the sum of the Class M-2 Principal Balance, the Class B Principal Balance, and the Overcollateralization Amount divided by the Pool Scheduled Principal Balance as of the immediately preceding Remittance Date must be equal to or greater than 38.25%. Class B Distribution Test The Class B Distribution Test will be satisfied if each of the following tests is satisfied: (i) the Remittance Date occurs in or after July 2006; (ii) the Average Sixty-Day Delinquency Ratio Test (as defined in the Agreement) as of such Remittance Date must not exceed [7.00]%; (iii) the Cumulative Realized Losses (as defined in the Agreement) as of such Remittance Date must not exceed a certain specified percentage of the Cut-off Date Pool Principal Balance, depending on the year in which such Remittance Date occurs; (iv) the Current Realized Loss Ratio (as defined in the Agreement) as of such Remittance Date must not exceed [3.50]%; (v) the Class B Principal Balance plus the Overcollateralization amount divided by the Pool Scheduled Principal Balance as of the immediately preceding Remittance Date must be equal to or greater than [Logo of Credit Suisse First Boston] 11 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. 29.625%; and (vi) the Class B Principal Balance must not be less than $10,000,000. Class B-2 Interest Interest on the Class B-2 Adjusted Principal Balance will accrue from the later of (i) the Closing Date, and (ii) the most recent Remittance Date on which interest has been paid, to but excluding the following Remittance Date. To the extent of any remaining Amount Available, for a Remittance Date after payment of all interest and principal then payable 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 on such Remittance Date at the Class B-2 Remittance Rate on the Class B-2 Adjusted Principal Balance. The Class B-2 Adjusted Principal Balance as of any Remittance Date is the Class B-2 Principal Balance less any Class B-2 Liquidation Loss Amount. The Class B-2 Principal Balance is the Original Class B-2 Principal Balance less all amounts previously distributed on account of principal on the Class B-2 Certificates. In the event that, on a particular Remittance Date, the remaining Amount Available in the Certificate Account is not sufficient to make a full distribution of interest to the Class B-2 Certificateholders, the amount of the deficiency will be carried forward as an amount that the Class B-2 Certificateholders are entitled to receive on the next Remittance Date. Any amount so carried forward will, to the extent legally permissible, bear interest at the Class B-2 Remittance Rate. Class B-2 Principal The Class B-2 Certificateholders will be entitled to receive principal on each Remittance Date on which the Class A, the Class M-1, the Class M-2 and the Class B-1 Principal Balances have been reduced to zero. See "Description of the Certificates-- Class B-2 Principal" in the Prospectus Supplement. On each Remittance Date on which the Class B-2 Certificateholders are entitled to receive principal, the Class B Percentage of the Formula Principal Distribution Amount will be distributed, to the extent of the remaining Amount Available after payment of interest on the Class B-2 Certificates, to the Class B-2 Certificateholders until the Class B-2 Principal Balance has been reduced to zero. Losses on Liquidated Contracts If Net Liquidation Proceeds from Liquidated Contracts in the respective collection period are less than the Scheduled Principal Balance of such Liquidated Contracts, the shortfall amount will be absorbed by the Class B-3I Certificateholders, then the Overcollateralization Amount, 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, since a portion of the Amount Available equal to such shortfall and otherwise distributable to them will be paid to the Class A Certificateholders. Purchase Option Commencing on the first Remittance Date when the principal balance of the certificates is less than or equal to 10% of the original principal balance of the certificates and the Class A-IO Notional Balance equals zero, the holder of the Class C Subsidiary Certificate (see "Other Certificates" herein) will have the right to purchase all of the outstanding contracts, at a price sufficient to pay the aggregate unpaid principal [Logo of Credit Suisse First Boston] 12 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. balance of the certificates and all accrued and unpaid interest thereon. If the holder of the Class C Subsidiary Certificate does not exercise this purchase option, then on each Remittance Date thereafter all of the Amount Available remaining after payments of interest and principal due on all Certificates and payment of the monthly Servicing Fee will be used (1) to make additional payments of principal to the Class M-1, Class M-2, Class B-1 and Class B-2 Certificates pro rata based on the then outstanding principal balance of such Certificates, and (2) to make additional payments on the remaining Class A Certificates pro rata based on the then outstanding principal balance of such Certificates. [Logo of Credit Suisse First Boston] 13 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================ Characteristics of Initial Contracts Total Pool The information presented below relates to the Initial Contracts, which will represent approximately 96.69% of the Contract Pool. Although the characteristics of the Additional Contracts will differ from the characteristics of the Initial Contracts shown below, Conseco Finance Corp. does not expect that the characteristics of the Additional or Contracts sold to the Trust will vary materially from the information concerning the Initial Contracts herein. Summary Characteristics - Total Pool -------------------------------------------------------------------------------- Number of Contracts: 13,474 Balance of Contracts: $ 483,428,300.26 Weighted Average Contract Rate: 12.19 % Range of Rates: 5.00 % - 19.99 % Weighted Average Original Maturity: 312 Weighted Average Remaining Maturity: 301 Average Current Balance: $ 35,878.60 Weighted Average LTV: 86.93 % Weighted Average FICO: 637 New/Used: 68.10 % / 31.90 % Park/Private: 31.36 % / 68.64 % Single/Multi: 29.66 % / 70.34 % Conventional: 99.96 % Land/Home: 27.16 % FHA/VA: 0.04 % / 0.00 % --------------------------------------------------------------------------------

* Indicates an amount greater than 0.000% but less than 0.005% /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 14 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 15 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

* Indicates an amount greater than 0.000% but less than 0.005% /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 16 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 17 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

* Indicates an amount greater than 0.000% but less than 0.005% /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 18 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================ New Property Subpool Summary Characteristics - New Property Subpool --------------------------------------------------------------------------- Number of Contracts: 7,983 Balance of Contracts: $ 329,201,012.59 Weighted Average Contract Rate: 11.06 % Range of Rates: 5.00 % - 19.25 % Weighted Average Original Maturity: 326 Weighted Average Remaining Maturity: 312 Average Current Balance: $ 41,237.76 Weighted Average LTV: 85.92 % New/Used: 100.00 % / 0.00 % Weighted Average FICO 650 Park/Private: 22.46 % / 77.54 % Single/Multi: 19.40 % / 80.60 % Conventional: 99.95 % Land/Home: 32.56 % FHA/VA: 0.05 % / 0.00 % ---------------------------------------------------------------------------

* Indicates an amount greater than 0.000% but less than 0.005% /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 19 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 20 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.

* Indicates an amount greater than 0.000% but less than 0.005% /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 21 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 22 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 23 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Used Property/Non-Repo Subpool Summary Characteristics - Used Property/Non-Repo Subpool ----------------------------------------------------------------------------- Number of Contracts: 2,072 Balance of Contracts: $ 47,988,109.94 Weighted Average Contract Rate: 12.97% Range of Rates: 7.99% - 19.99% Weighted Average Original. Maturity: 240 Weighted Average Remaining Maturity: 230 Average Current Balance: $ 23,160.28 Weighted Average LTV: 84.88% New/Used: 0.00%/100.00% Weighted Average FICO 668 Park/Private: 53.54%/46.46% Single/Multi: 52.50%/47.50% Conventional: 99.90% Land/Home: 24.57% FHA/VA: 0.10%/0.00% -----------------------------------------------------------------------------

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 24 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================ Geographic Property Distribution - Used Property/Non-Repo Subpool ------------------------------------------------------------------------------ % OF CONTRACT POOL BY NUMBER OF AGGREGATE OUTSTANDING CONTRACTS AS PRINCIPAL BALANCE BALANCE AS OF OF THE CUT-OFF OUTSTANDING AS OF THE CUT-OFF STATES DATE THE CUT-OFF DATE DATE/(1)/ ------------------------------------------------------------------------------ Alabama 80 $ 1,937,570.88 4.04% Arizona 71 1,549,159.51 3.23 Arkansas 33 592,369.38 1.23 California 136 3,937,068.87 8.20 Colorado 84 1,990,954.85 4.15 Connecticut 2 60,703.41 0.13 Delaware 12 211,800.27 0.44 Florida 114 2,946,202.15 6.14 Georgia 68 2,056,014.70 4.28 Idaho 4 67,899.37 0.14 Illinois 29 492,291.64 1.03 Indiana 76 1,700,498.84 3.54 Iowa 38 727,943.04 1.52 Kansas 26 601,069.03 1.25 Kentucky 36 737,389.97 1.54 Louisiana 42 929,332.63 1.94 Maine 9 238,461.67 0.50 Maryland 19 318,827.05 0.66 Michigan 154 3,673,307.30 7.65 Minnesota 97 1,915,601.15 3.99 Mississippi 26 585,983.98 1.22 Missouri 71 1,405,701.30 2.93 Montana 16 473,832.02 0.99 Nebraska 19 462,048.88 0.96 Nevada 20 395,457.77 0.82 New Hampshire 10 478,914.59 1.00 New Jersey 2 23,553.64 0.05 New Mexico 44 942,498.27 1.96 New York 51 1,349,971.87 2.81 North Carolina 74 1,811,274.81 3.77 North Dakota 15 367,481.83 0.77 Ohio 100 1,890,381.38 3.94 Oklahoma 58 1,316,297.88 2.74 Oregon 25 539,557.54 1.12 Pennsylvania 55 998,220.61 2.08 South Carolina 45 1,037,145.20 2.16 South Dakota 26 725,285.32 1.51 Tennessee 43 995,105.60 2.07 Texas 88 1,856,506.73 3.87 Utah 7 199,497.92 0.42 Vermont 7 212,585.97 0.44 Virginia 38 705,897.20 1.47 Washington 29 1,016,814.10 2.12 West Virginia 27 557,087.94 1.16 Wisconsin 27 495,085.30 1.03 Wyoming 19 461,456.58 0.96 ----- ---------------- ------ TOTAL 2,072 $ 47,988,109.94 100.00% ------------------------------------------------------------------------------ /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 25 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Original Contract Amounts - Used Property/Non-Repo Subpool -------------------------------------------------------------------------------- % OF CONTRACT POOL BY NUMBER OF AGGREGATE OUTSTANDING CONTRACTS AS PRINCIPAL BALANCE BALANCE AS OF THE CUT-OFF OUTSTANDING AS OF THE CUT-OFF AMOUNT DATE THE CUT-OFF DATE DATE/(1)/ -------------------------------------------------------------------------------- $ 0.01 - $ 10,000.00 138 $ 1,096,179.65 2.28% $ 10,000.01 - $ 20,000.00 900 11,853,404.08 24.70 $ 20,000.01 - $ 30,000.00 498 11,323,672.89 23.60 $ 30,000.01 - $ 40,000.00 266 8,756,724.72 18.25 $ 40,000.01 - $ 50,000.00 132 5,790,263.55 12.07 $ 50,000.01 - $ 60,000.00 65 3,507,609.02 7.31 $ 60,000.01 - $ 70,000.00 32 2,044,649.95 4.26 $ 70,000.01 - $ 80,000.00 17 1,261,028.80 2.63 $ 80,000.01 - $ 90,000.00 11 923,402.63 1.92 $ 90,000.01 - $100,000.00 5 467,323.29 0.97 $100,000.01 - $110,000.00 4 419,610.40 0.87 $130,000.01 - $140,000.00 3 400,817.58 0.84 $140,000.01 - $150,000.00 1 143,423.38 0.30 ----- ---------------- ------ TOTAL 2,072 $ 47,988,109.94 100.00% ---------------------------------------------------------------------------- Contract Rate - Used Property/Non-Repo Subpool -------------------------------------------------------------------------------- % OF CONTRACT POOL BY NUMBER OF AGGREGATE OUTSTANDING CONTRACTS AS PRINCIPAL BALANCE BALANCE AS OF THE CUT-OFF OUTSTANDING AS OF THE CUT-OFF CONTRACT RATES DATE THE CUT-OFF DATE DATE/(1)/ -------------------------------------------------------------------------------- 7.001% - 8.000% 2 $ 80,818.39 0.17% 8.001% - 9.000% 28 1,458,277.50 3.04 9.001% - 10.000% 102 4,103,476.05 8.55 10.001% - 11.000% 219 6,390,566.05 13.32 11.001% - 12.000% 281 7,528,093.33 15.69 12.001% - 13.000% 479 8,629,664.23 17.98 13.001% - 14.000% 325 6,714,593.45 13.99 14.001% - 15.000% 158 3,426,725.15 7.14 15.001% - 16.000% 122 3,010,811.82 6.27 16.001% - 17.000% 110 2,519,484.16 5.25 17.001% - 18.000% 97 1,938,002.35 4.04 18.001% - 19.000% 134 1,958,162.99 4.08 19.001% - 20.000% 15 229,434.47 0.48 ----- ---------------- ------ TOTAL 2,072 $ 47,988,109.94 100.00% -------------------------------------------------------------------------------- /(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 26 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 27 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 28 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================ Used Property/Repo Subpool Summary Characteristics - Used Property/Repo Subpool ------------------------------------------------------------------------ Number of Contracts: 3,419 Balance of Contracts: $ 106,239,177.73 Weighted Average Contract Rate: 15.34% Range of Rates: 6.00%- 19.00% Weighted Average Original Maturity: 306 Weighted Average Remaining Maturity: 302 Average Current Balance: $ 31,073.17 Weighted Average LTV: 91.00% Weighted Average FICO 581 New/Used: 0.00% /100.00% Park/Private: 48.95% / 51.05% Single/Multi: 51.14% / 48.86% Conventional: 100.00% Land/Home: 11.59% FHA/VA: 0.00% / 0.00% ------------------------------------------------------------------------

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 29 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. ================================================================================

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 30 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 31 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston] 32 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.

/(1)/ Percentages may not add up to 100% due to rounding [Logo of Credit Suisse First Boston 33 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Prepayment Sensitivities

[Logo of Credit Suisse First Boston] 34 [Logo of Conseco Corp.] CONSECO FINANCE SECURITIZATIONS CORP. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-2 This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation. Disclaimer By entering into a transaction with CSFB, you acknowledge that you have read and understood the following terms: CSFB is acting solely as an arm's length contractual counterparty and not as your financial adviser or fiduciary unless it has agreed to so act in writing. Before entering into any transaction you should ensure that you fully understand its potential risks and rewards and independently determine that it is appropriate for you given your objectives, experience, financial and operational resources, and other relevant circumstances. You should consult with such advisers, as you deem necessary to assist you in making these determinations. You should also understand that CSFB or its affiliates may provide banking, credit and other financial services to any company or issuer of securities or financial instruments referred to herein, underwrite, make a market in, have positions in, or otherwise buy and sell securities or financial instruments which may be identical or economically similar to any transaction entered into with you. If we make a market in any security or financial instrument, it should not be assumed that we will continue to do so. Any indicative terms provided to you are provided for your information and do not constitute an offer, a solicitation of an offer, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise). Any indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by us or that have been expressly specified by you and do not constitute advice by us. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosure or analyses. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future. None of the employees or agents of CSFB or its affiliates is authorized to amend or supplement the terms of this notice, other than in the form of a written instrument, duly executed by an appropriately authorized signatory and countersigned by you. Attached is a term sheet describing the structure, collateral pool and certain aspects of the Certificates. The term sheet has been prepared by CSFB for informational purposes only and is subject to modification or change. The information and assumptions contained therein are preliminary and will be superseded by a prospectus prospectus supplement and by any other additional information subsequently filed with the Securities and Exchange Commission or incorporated by reference in the Registration Statement. Neither Credit Suisse First Boston Corporation nor any of its respective affiliates makes any representation as to the accuracy or completeness of any of the information set forth in the attached Series Term Sheet. A Registration Statement (including a prospectus) relating to the Certificates has been filed with the Securities and Exchange Commission and declared effective. The final Prospectus and Prospectus Supplement relating to the securities will be filed with the Securities and Exchange Commission after the securities have been priced and all of the terms and information are finalized. This communication is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities 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. Interested persons are referred to the final Prospectus and Prospectus Supplement to which the securities relate. Any investment decision should be based only upon the information in the final Prospectus and Prospectus Supplement as of their publication dates. [Logo of Credit Suisse First Boston] 35

CONSECO FINANCE SECURITIZATIONS CORP 8-K