Conseco Finance HEL Ctfs Ser 2001-A Rated By Fitch.

Business Editors/Analysts

NEW YORK--(BUSINESS WIRE)--Jan. 31, 2001

Fitch rates Conseco Finance Corp.'s (Conseco) $620.135 million home equity loan certificates, series 2001-A as follows: group I: $317.3 million class I-A and I-IO certificates 'AAA', $21.7 million class I-M-1 certificates 'AA', $18.0 million class I-M-2 'A', $13.9 million class I-B-1 'BBB', and group II: $198.7 million class II-A 'AAA', $19.2 million class II-M-1 'AA', $16.8 million class II-M-2 'A', and $14.5 million class II-B-1 'BBB'.

For the group I certificates, credit enhancement for the 'AAA' rated class I-A certificates reflects the credit support provided by the 18.00% subordinate classes I-M-1, I-M-2, I-B-1, and I-B-2. Support for the 'AA' rated class I-M-1 is provided by the 12.40% classes I-M-2, I-B-1, and I-B-2. Support for the 'A' rated class I-M-2 is provided by the 7.75% classes I-B-1, and I- B-2. Support for the 'BBB' rated I-B-1 is provided by the 4.15% class I-B-2 certificates. All of the certificates benefit from monthly excess cash and a 2.25% target overcollateralization to absorb losses. The class I-B-2 certificates are not being offered at this time.

For the group II certificates, credit enhancement for the 'AAA' rated class II-A certificates reflects the credit support provided by the 24.45% subordinate classes II-M-1, II-M-2, II-B- 1, and II-B-2. Support for the 'AA' rated class II-M-1 is provided by the 17.15% classes II-M-2, II-B-1 and II-B-2. Support for the 'A' rated class II-M-2 is provided by the 10.75% classes II-B-1 and II-B-2. Support for the 'BBB' rated II-B-1 is provided by the 5.25% class II-B-2 certificates. All of the certificates benefit from monthly excess cash and a 5.00% target overcollateralization to absorb losses. The class II-B-2 certificates are not being offered at this time.

The group I certificates are collateralized initially by a pool of fixed-rate, closed-end mortgage loans creating a first or junior lien on one- to four-family properties. Fitch's analysis is based on initial fixed-rate loans totaling $309.1 million, which represents approximately 79.86% of the total $387 million fixed rate loans. Additional fixed rate loans will be purchased up to 90 days after the closing date. Fitch monitors the characteristics of the additional collateral to ensure conformity to the representations made by Conseco. The average balance of the initial loans is $67,406.94; the weighted average combined loan-to-value (CLTV) is 89.65%; the weighted average coupon is 13.04%; the weighted average remaining term is 244 months. Purchase loans account for approximately 1.09% of the pool, first liens account for approximately 76.1%, investment loans account for approximately 1.73% and balloon loans account for approximately 36.64%. Approximately 5.04% and 74.24% of the mortgage loans possess Fair, Isaac and Co. Scores greater than or equal to 720 and less than 660, respectively. The three states that represent the largest portion of mortgage loans are California (12.12%), Florida (5.68%) and Texas (5.53%). None of the initial group I loans have a CLTV ratio greater than 100%.

The group II certificates are collateralized initially by a pool of fixed-rate, closed-end mortgage loans creating a first or junior lien on one- to four-family properties. Fitch's analysis is based on initial fixed-rate loans totaling $262.8 million, which represents approximately 99.92% of the total $263 million fixed-rate loans. Additional fixed-rate loans will be purchased up to 90 days after the closing date. Fitch monitors the characteristics of the additional collateral to ensure conformity to the representations made by Conseco. The average balance of the initial loans is $72.632.95; the weighted average combined loan-to-value (CLTV) is 104.39%; the weighted average coupon is 12.62%; the weighted average remaining term is 239 months. Purchase loans account for approximately 0.46% of the pool, first liens account for approximately 81.07%, investment loans account for approximately 0.21% and balloon loans account for approximately 37.45%. Approximately 5.08% and 70.24% of the mortgage loans possess Fair, Isaac and Co. Scores greater than or equal to 720 and less than 660, respectively. The three states that represent the largest portion of mortgage loans are California (10.24%), Pennsylvania (7.27%) and Illinois (6.12%). Nearly all of the initial group II loans have a CLTV between 100% and 125%. For each group respectively, interest is paid first to the class A (and IO for group I) certificates followed by interest to the class M, and B-1 certificates. Next, principal is distributed sequentially to the class A, M and B-1 certificates. Finally, interest then principal is paid to the class B-2 certificates.

The home equity loans were originated by Conseco or a company approved correspondent. U.S. Bank Trust, N.A. will serve as trustee. Conseco will act as servicer of the loans.