Document:

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                                                                     Exhibit 4.2

                               TRANSFER AGREEMENT

                                     between

                      CONSECO FINANCE SECURITIZATIONS CORP.

                                    Purchaser

                                       and

                              CONSECO FINANCE CORP.

                                     Seller

                                       of

                  CONSECO FINANCE HOME EQUITY LOAN TRUST 2002-B

                            Dated as of April 1, 2002

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                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----
ARTICLE I  DEFINITIONS .....................................................  1

     SECTION 1.1.  General .................................................  1
     SECTION 1.2.  Specific Terms ..........................................  1
     SECTION 1.3.  Usage of Terms ..........................................  3
     SECTION 1.4.  No Recourse .............................................  3

ARTICLE II  CONVEYANCE OF THE INITIAL AND ADDITIONAL LOANS AND
            THE INITIAL OTHER CONVEYED PROPERTY ............................  3

     SECTION 2.1.  Conveyance of the Initial and Additional Loans and
                   the Initial Other Conveyed Property .....................  3
     SECTION 2.2.  Purchase Price of Initial and Additional Loans ..........  3
     SECTION 2.3.  Conveyance of Subsequent Loans and Subsequent Other
                   Conveyed Property .......................................  4

ARTICLE III  REPRESENTATIONS AND WARRANTIES ................................  5

     SECTION 3.1.  Representations and Warranties of CFC ...................  5
     SECTION 3.2.  Representations and Warranties of CFSC ..................  6

ARTICLE IV  COVENANTS OF CFC ...............................................  8

     SECTION 4.1.  Transfer of Loans .......................................  8
     SECTION 4.2.  Costs and Expenses ......................................  8
     SECTION 4.3.  Indemnification .........................................  9

ARTICLE V  REPURCHASES .....................................................  9

     SECTION 5.1.  Repurchase of Loans Upon Breach of Warranty .............  9
     SECTION 5.2.  Reassignment of Purchased Loans ......................... 10
     SECTION 5.3.  Waivers ................................................. 10

ARTICLE VI  MISCELLANEOUS .................................................. 10

     SECTION 6.1.  Liability of CFC ........................................ 10
     SECTION 6.2.  Merger or Consolidation of CFC or CFSC .................. 10
     SECTION 6.3.  Limitation on Liability of CFC and Others ............... 11
     SECTION 6.4.  Amendment ............................................... 11
     SECTION 6.5.  Notices ................................................. 12
     SECTION 6.6.  Merger and Integration .................................. 12
     SECTION 6.7.  Severability of Provisions .............................. 12
     SECTION 6.8.  Intention of the Parties ................................ 13
     SECTION 6.9.  Governing Law ........................................... 13

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     SECTION 6.10. Counterparts ............................................ 13
     SECTION 6.11. Conveyance of the Initial and Additional Loans and
                   the Initial Other Conveyed Property to the Trust ........ 13
     SECTION 6.12. Non-petition Covenant ................................... 13

                                    SCHEDULES

Schedule A  --  Schedule of Initial and Additional Loans

                                    EXHIBITS

Exhibit A  --  Form of Subsequent Transfer Agreement
Exhibit B  --  Form of Assignment

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                               TRANSFER AGREEMENT
                               ------------------

     THIS TRANSFER AGREEMENT, dated as of April 1, 2002, executed between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller ("CFC").

                              W I T N E S S E T H:

     WHEREAS, CFSC has agreed to purchase from CFC and CFC, pursuant to this
Agreement, is transferring to CFSC the certain home equity loans specified in
the Schedule of Initial and Additional Loans attached hereto as Schedule A (the
"Initial and Additional Loans") and the Initial Other Conveyed Property; and

     WHEREAS, CFSC has agreed to purchase from CFC and CFC has agreed to
transfer to CFSC the Subsequent Loans and Subsequent Other Conveyed Property in
an amount set forth herein, prior to [May 14], 2002.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements
hereinafter contained, and for other good and valuable consideration, the
receipt of which is acknowledged, CFSC and CFC, intending to be legally bound,
hereby agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

     SECTION 1.1. General. The specific terms defined in this Article include
the plural as well as the singular. The words "herein," "hereof" and "hereunder"
and other words of similar import refer to this Agreement as a whole and not to
any particular Article, Section or other subdivision, and Article, Section,
Schedule and Exhibit references, unless otherwise specified, refer to Articles
and Sections of and Schedules and Exhibits to this Agreement. Capitalized terms
used herein without definition shall have the respective meanings assigned to
such terms in the Pooling and Servicing Agreement, dated as of April 1, 2002, by
and among Conseco Finance Securitizations Corp. (as Seller), Conseco Finance
Corp. (as Originator and Servicer), and U.S. Bank National Association, as
Trustee (the "Trustee").

     SECTION 1.2. Specific Terms. Whenever used in this Agreement, the following
words and phrases, unless the context otherwise requires, shall have the
following meanings:

     "Agreement" shall mean this Transfer Agreement and all amendments hereof
and supplements hereto.

     "Closing Date" means April 25, 2002.

     "Initial Other Conveyed Property" means all monies at any time paid or
payable on the Initial and Additional Loans or in respect thereof after the
Cut-off Date (excluding amounts due on or before the Cut-off Date but received
by CFC after the Cut-off Date), an assignment of security interests in the
related real estate, the Certificate Account (including all Eligible Investments
therein and all proceeds therefrom), all items contained in the Loan Files
relating to

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the Initial and Additional Loans, any and all other documents or electronic
records that CFC keeps on file in accordance with its customary procedures
relating to the Initial and Additional Loans, the Obligors or the related real
estate, property (including the right to receive future Liquidation Proceeds)
that secures an Initial Loan and that has been acquired by or on behalf of the
Trust pursuant to liquidation of such Initial Loan, and all proceeds of the
foregoing.

     "Initial and Additional Loans" means the Loans listed on the Schedule of
Initial and Additional Loans attached hereto as Schedule A.

     "Other Conveyed Property" means the Initial Other Conveyed Property
conveyed by CFC to CFSC pursuant to this Agreement together with any and all
Subsequent Other Conveyed Property conveyed by CFC to CFSC pursuant to each
Subsequent Transfer Agreement.

     "Pooling and Servicing Agreement" means the Pooling and Servicing
Agreement, dated as of April 1, 2002, executed and delivered by CFC, as
Originator and Servicer, CFSC, as Seller, and the Trustee.

     "Related Documents" means the Certificates, the Pooling and Servicing
Agreement, each Subsequent Transfer Agreement and the Underwriting Agreement
among CFC, CFSC and the underwriters of the Certificates. The Related Documents
to be executed by any party are referred to herein as "such party's Related
Documents," "its Related Documents" or by a similar expression.

     "Repurchase Event" means the occurrence of a breach of any of CFC's
representations and warranties hereunder or under any Subsequent Transfer
Agreement or any other event which requires the repurchase of a Loan by CFC
under the Pooling and Servicing Agreement.

     "Schedule of Initial and Additional Loans" means the schedule of all Loans
sold and transferred pursuant to this Agreement which is attached hereto as
Schedule A.

     "Schedule of Loans" means the Schedule of Initial and Additional Loans
attached hereto as Schedule A as supplemented by each Schedule of Subsequent
Loans attached to each Subsequent Transfer Agreement as Schedule A.

     "Schedule of Subsequent Loans" means the schedule of all Loans sold and
transferred pursuant to a Subsequent Transfer Agreement which is attached to
such Subsequent Transfer Agreement as Schedule A, which Schedule of Subsequent
Loans shall supplement the Schedule of Initial and Additional Loans.

     "Subsequent Loans" means the Loans specified in the Schedule of Subsequent
Loans attached as Schedule A to each Subsequent Transfer Agreement.

     "Subsequent Other Conveyed Property" means the Subsequent Other Conveyed
Property conveyed by CFC to CFSC pursuant to each Subsequent Transfer Agreement.

     "Subsequent Transfer Agreement" shall have the meaning given in Section
2.3(b)(iii).

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     "Trust" means the trust created by the Pooling and Servicing Agreement, the
estate of which consists of the Trust Fund.

     "Trustee" means U.S. Bank National Association, a national banking
association organized and existing under the laws of the United States, not in
its individual capacity but solely as trustee of the Trust, and any successor
trustee appointed and acting pursuant to the Pooling and Servicing Agreement.

     "Trust Property" means the property and proceeds of every description
conveyed by the Seller to the Trustee pursuant to the Pooling and Servicing
Agreement and pursuant to any Subsequent Transfer Instrument, together with the
Certificate Account and the Pre-Funding Account (including all investments of
the Certificate Account and all proceeds therefrom).

     SECTION 1.3. Usage of Terms. With respect to all terms used in this
Agreement, the singular includes the plural and the plural the singular; words
importing any gender include the other gender; references to "writing" include
printing, typing, lithography, and other means of reproducing words in a visible
form; references to agreements and other contractual instruments include all
subsequent amendments thereto or changes therein entered into in accordance with
their respective terms and not prohibited by this Agreement or the Pooling and
Servicing Agreement; references to Persons include their permitted successors
and assigns; and the terms "include" or "including" mean "include without
limitation" or "including without limitation."

     SECTION 1.4. No Recourse. Without limiting the obligations of CFC
hereunder, no recourse may be taken, directly or indirectly, under this
Agreement or any certificate or other writing delivered in connection herewith
or therewith, against any stockholder, officer or director, as such, of CFC, or
of any predecessor or successor of CFC.

                                   ARTICLE II
                 CONVEYANCE OF THE INITIAL AND ADDITIONAL LOANS
                     AND THE INITIAL OTHER CONVEYED PROPERTY

     SECTION 2.1. Conveyance of the Initial and Additional Loans and the Initial
Other Conveyed Property. Subject to the terms and conditions of this Agreement,
CFC hereby sells, transfers, assigns and otherwise conveys to CFSC without
recourse (but without limitation of its obligations in this Agreement or in the
Pooling and Servicing Agreement), and CFSC hereby purchases, all right, title
and interest of CFC in and to the Initial and Additional Loans and the Initial
Other Conveyed Property. It is the intention of CFC and CFSC that the transfer
and assignment contemplated by this Agreement shall constitute a sale of the
Initial and Additional Loans and the Initial Other Conveyed Property from CFC to
CFSC, conveying good title thereto free and clear of any Liens, and the Initial
and Additional Loans and the Initial Other Conveyed Property shall not be part
of CFC's estate in the event of the filing of a bankruptcy petition by or
against CFC under any bankruptcy or similar law.

     SECTION 2.2. Purchase Price of Initial and Additional Loans. Simultaneously
with the conveyance of the Initial and Additional Loans and the Initial Other
Conveyed Property to CFSC, CFSC has paid or caused to be paid to or upon the
order of CFC approximately $____________ by wire transfer of immediately
available funds (representing the proceeds to

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CFSC from the sale of the Initial and Additional Loans after (i) deducting
expenses of approximately $425,000 incurred by CFSC in connection with such sale
and (ii) depositing the Pre-Funded Amount in the Pre-Funding Account.

     SECTION 2.3. Conveyance of Subsequent Loans and Subsequent Other Conveyed
Property.

     (a) Subject to the conditions set forth in paragraph (b) below and the
terms and conditions in the related Subsequent Transfer Agreement, in
consideration of CFSC's delivery on the related Subsequent Transfer Date to or
upon the order of CFC of an amount equal to the purchase price of the Subsequent
Loans (as set forth in the related Subsequent Transfer Agreement), CFC hereby
agrees to sell, transfer, assign, and otherwise convey to CFSC without recourse
(but without limitation of its obligations in this Agreement and the related
Subsequent Transfer Agreement), and CFSC hereby agrees to purchase all right,
title and interest of CFC in and to the Subsequent Loans and the Subsequent
Other Conveyed Property described in the related Subsequent Transfer Agreement.

     (b) CFC shall transfer to CFSC, and CFSC shall acquire, the Subsequent
Loans and the Subsequent Other Conveyed Property to be transferred on any
Subsequent Transfer Date only upon the satisfaction of each of the following
conditions on or prior to such Subsequent Transfer Date:

          (i) CFSC shall have provided the Trustee and the Rating Agencies with
     an Addition Notice at least five Business Days prior to the Subsequent
     Transfer Date and shall have provided any information reasonably requested
     by the Trustee with respect to the Subsequent Loans;

          (ii) CFC shall have delivered the related Loan File for each
     Subsequent Loan to the Trustee at least two Business Days prior to the
     Subsequent Transfer Date;

          (iii) CFC shall have delivered to CFSC a duly executed Subsequent
     Transfer Agreement substantially in the form of Exhibit A hereto (the
     "Subsequent Transfer Agreement"), which shall include a List of Loans
     identifying the related Subsequent Loans;

          (iv) as of each Subsequent Transfer Date, as evidenced by delivery of
     the Subsequent Transfer Agreement, neither CFC nor CFSC shall be insolvent
     nor shall they have been made insolvent by such transfer nor shall they be
     aware of any pending insolvency;

          (v) such transfer shall not result in a material adverse tax
     consequence to the Trust (including the REMIC or the Certificateholders or
     Class R Certificateholder;

          (vi) the Pre-Funding Period shall not have ended; and

          (vii) no Subsequent Loan will have a Combined LTV greater than 100%.

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     (c) CFC covenants to transfer to CFSC pursuant to paragraph (a) above
Subsequent Loans with aggregate Scheduled Principal Balances of approximately
equal to $__________; provided, however, that the sole remedy of CFSC with
respect to a failure of such covenant shall be to enforce the provisions of
Section 8.08 of the Pooling and Servicing Agreement.

                                  ARTICLE III
                         REPRESENTATIONS AND WARRANTIES

     SECTION 3.1. Representations and Warranties of CFC. CFC makes the following
representations and warranties, on which CFSC relies in purchasing the Initial
and Additional Loans and the Initial Other Conveyed Property and in transferring
the Initial and Additional Loans and the Initial Other Conveyed Property to the
Trustee under the Pooling and Servicing Agreement. Such representations are made
as of the execution and delivery of this Agreement, but shall survive the sale,
transfer and assignment of the Initial and Additional Loans and the Initial
Other Conveyed Property hereunder and the sale, transfer and assignment thereof
by CFSC to the Trustee under the Pooling and Servicing Agreement. CFC and CFSC
agree that CFSC will assign to the Trustee all of CFSC's rights under this
Agreement and that the Trustee will thereafter be entitled to enforce this
Agreement against CFC in the Trustee's own name.

     (a) Representations Regarding Loans. The representations and warranties set
forth in Sections 3.02, 3.04 and 3.05 of the Pooling and Servicing Agreement are
true and correct.

     (b) Organization and Good Standing. CFC has been duly organized and is
validly existing as a corporation in good standing under the laws of the State
of Delaware, with power and authority to own its properties and to conduct its
business as such properties are currently owned and such business is currently
conducted, and had at all relevant times, and now has, power, authority and
legal right to acquire, own and sell the Initial and Additional Loans and the
Initial Other Conveyed Property transferred to CFSC.

     (c) Due Qualification. CFC is duly qualified to do business as a foreign
corporation in good standing, and has obtained all necessary licenses and
approvals, in all jurisdictions in which the ownership or lease of its property
or the conduct of its business requires such qualification.

     (d) Power and Authority. CFC has the power and authority to execute and
deliver this Agreement and its Related Documents and to carry out its terms and
their terms, respectively; CFC has full power and authority to sell and assign
the Initial and Additional Loans and the Initial Other Conveyed Property to be
sold and assigned to and deposited with CFSC hereunder and has duly authorized
such sale and assignment to CFSC by all necessary corporate action; and the
execution, delivery and performance of this Agreement and CFC's Related
Documents have been duly authorized by CFC by all necessary corporate action.

     (e) Valid Sale; Binding Obligations. This Agreement and CFC's Related
Documents have been duly executed and delivered, shall effect a valid sale,
transfer and assignment of the Initial and Additional Loans and the Initial
Other Conveyed Property, enforceable against CFC and creditors of and purchasers
from CFC; and this Agreement and CFC's Related Documents constitute legal, valid
and binding obligations of CFC enforceable in accordance with their

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respective terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of
creditors' rights generally and by equitable limitations on the availability of
specific remedies, regardless of whether such enforceability is considered in a
proceeding in equity or at law.

     (f) No Violation. The consummation of the transactions contemplated by this
Agreement and the Related Documents and the fulfillment of the terms of this
Agreement and the Related Documents shall not conflict with, result in any
breach of any of the terms and provisions of or constitute (with or without
notice, lapse of time or both) a default under, the articles of incorporation or
bylaws of CFC, or any indenture, agreement, mortgage, deed of trust or other
instrument to which CFC is a party or by which it is bound, or result in the
creation or imposition of any Lien, upon any of its properties pursuant to the
terms of any such indenture, agreement, mortgage, deed of trust or other
instrument, other than this Agreement and the Pooling and Servicing Agreement,
or violate any law, order, rule or regulation applicable to CFC of any court or
of any federal or state regulatory body, administrative agency or other
governmental instrumentality having jurisdiction over CFC or any of its
properties.

     (g) No Proceedings. There are no proceedings or investigations pending or,
to CFC's knowledge, threatened against CFC, before any court, regulatory body,
administrative agency or other tribunal or governmental instrumentality having
jurisdiction over CFC or its properties (i) asserting the invalidity of this
Agreement or any of the Related Documents, (ii) seeking to prevent the issuance
of the Certificates or the consummation of any of the transactions contemplated
by this Agreement or any of the Related Documents, (iii) seeking any
determination or ruling that might materially and adversely affect the
performance by CFC of its obligations under, or the validity or enforceability
of, this Agreement or any of the Related Documents or (iv) seeking to affect
adversely the federal income tax or other federal, state or local tax attributes
of, or seeking to impose any excise, franchise, transfer or similar tax upon,
the transfer and acquisition of the Initial and Additional Loans and the Initial
Other Conveyed Property hereunder or under the Pooling and Servicing Agreement.

     (h) Chief Executive Office. The chief executive office of CFC is located at
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639.

     (i) Licensing. CFC is duly licensed in each state in which Loans were
originated to the extent CFC is required to be licensed by applicable law in
connection with the origination and servicing of the Loans.

     SECTION 3.2. Representations and Warranties of CFSC. CFSC makes the
following representations and warranties, on which CFC relies in selling,
assigning, transferring and conveying the Initial and Additional Loans and the
Initial Other Conveyed Property to CFSC hereunder. Such representations are made
as of the execution and delivery of this Agreement, but shall survive the sale,
transfer and assignment of the Initial and Additional Loans and the Initial
Other Conveyed Property hereunder and the sale, transfer and assignment thereof
by CFSC to the Trust under the Pooling and Servicing Agreement.

     (a) Organization and Good Standing. CFSC has been duly organized and is
validly existing and in good standing as a corporation under the laws of the
State of Minnesota, with the

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power and authority to own its properties and to conduct its business as such
properties are currently owned and such business is currently conducted, and had
at all relevant times, and has, full power, authority and legal right to acquire
and own the Initial and Additional Loans and the Initial Other Conveyed Property
and to transfer the Initial and Additional Loans and the Initial Other Conveyed
Property to the Trust pursuant to the Sale and Servicing Agreement.

     (b) Due Qualification. CFSC is duly qualified to do business as a foreign
corporation in good standing, and has obtained all necessary licenses and
approvals in all jurisdictions where the failure to do so would materially and
adversely affect (i) CFSC's ability to acquire the Initial and Additional Loans
or the Initial Other Conveyed Property, (ii) the validity or enforceability of
the Initial and Additional Loans and the Initial Other Conveyed Property or
(iii) CFSC's ability to perform its obligations hereunder and under the Related
Documents.

     (c) Power and Authority. CFSC has the power, authority and legal right to
execute and deliver this Agreement and its Related Documents and to carry out
the terms hereof and thereof and to acquire the Initial and Additional Loans and
the Initial Other Conveyed Property hereunder; and the execution, delivery and
performance of this Agreement and its Related Documents and all of the documents
required pursuant hereto or thereto have been duly authorized by CFSC by all
necessary action.

     (d) No Consent Required. CFSC is not required to obtain the consent of any
other Person, or any consent, license, approval or authorization or registration
or declaration with, any governmental authority, bureau or agency in connection
with the execution, delivery or performance of this Agreement and the Related
Documents, except for such as have been obtained, effected or made.

     (e) Binding Obligation. This Agreement and each of its Related Documents
constitutes a legal, valid and binding obligation of CFSC, enforceable against
CFSC in accordance with its terms, subject, as to enforceability, to applicable
bankruptcy, insolvency, reorganization, conservatorship, receivership,
liquidation and other similar laws and to general equitable principles.

     (f) No Violation. The execution, delivery and performance by CFSC of this
Agreement, the consummation of the transactions contemplated by this Agreement
and the Related Documents and the fulfillment of the terms of this Agreement and
the Related Documents do not and will not conflict with, result in any breach of
any of the terms and provisions of or constitute (with or without notice or
lapse of time) a default under the certificate of incorporation or bylaws of
CFSC, or conflict with or breach any of the terms or provisions of, or
constitute (with or without notice or lapse of time) a default under, any
indenture, agreement, mortgage, deed of trust or other instrument to which CFSC
is a party or by which CFSC is bound or to which any of its properties are
subject, or result in the creation or imposition of any Lien upon any of its
properties pursuant to the terms of any such indenture, agreement, mortgage,
deed of trust or other instrument (other than the Pooling and Servicing
Agreement and the Indenture), or violate any law, order, rule or regulation,
applicable to CFSC or its properties, of any federal or state regulatory body or
any court, administrative agency, or other governmental instrumentality having
jurisdiction over CFSC or any of its properties.

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     (g) No Proceedings. There are no proceedings or investigations pending, or,
to the knowledge of CFSC, threatened against CFSC, before any court, regulatory
body, administrative agency, or other tribunal or governmental instrumentality
having jurisdiction over CFSC or its properties: (i) asserting the invalidity of
this Agreement or any of the Related Documents, (ii) seeking to prevent the
consummation of any of the transactions contemplated by this Agreement or any of
the Related Documents, (iii) seeking any determination or ruling that might
materially and adversely affect the performance by CFSC of its obligations
under, or the validity or enforceability of, this Agreement or any of the
Related Documents or (iv) that may adversely affect the federal or state income
tax attributes of, or seeking to impose any excise, franchise, transfer or
similar tax upon, the transfer and acquisition of the Initial and Additional
Loans and the Initial Other Conveyed Property hereunder or the transfer of the
Initial and Additional Loans and the Initial Other Conveyed Property to the
Trust pursuant to the Pooling and Servicing Agreement.

     In the event of any breach of a representation and warranty made by CFSC
hereunder, CFC covenants and agrees that it will not take any action to pursue
any remedy that it may have hereunder, in law, in equity or otherwise, until a
year and a day have passed since the later of (i) the date on which all
pass-through certificates or other similar securities issued by the Trust, or a
trust or similar vehicle formed by CFSC, have been paid in full, or (ii) all
Certificates or other similar securities issued by the Trust, or a trust or
similar vehicle formed by CFSC, have been paid in full. CFC and CFSC agree that
damages will not be an adequate remedy for such breach and that this covenant
may be specifically enforced by CFSC or by the Trustee on behalf of the Trust.

                                   ARTICLE IV
                                COVENANTS OF CFC

     SECTION 4.1. Transfer of Loans.

     (a) On or prior to the Closing Date, or the Subsequent Transfer Date in the
case of Subsequent Loans, CFC shall deliver the Loan Files to CFSC. CFC has
filed a form UCC-1 financing statement regarding the sale of the Loans to CFSC,
and shall file continuation statements in respect of such UCC-1 financing
statement as if such financing statement were necessary to perfect such sale.
CFC shall take any other actions necessary to maintain the perfection of the
sale of the Loans to CFSC.

     (b) CFC shall file promptly in the appropriate recording offices the
assignments to the Trustee on behalf of the Trust of the mortgage, deed of trust
or security deed securing each Loan relating to real estate located in Maryland,
and shall deliver to the Trustee an Opinion of Counsel to the effect that the
recordation of assignments of the mortgages, deeds of trust and security deeds,
securing Loans relating to real estate located in any state other than Maryland,
is not necessary to effect the assignment to the Trustee on behalf of the Trust
of CFC's lien on the real property securing such Loans.

     SECTION 4.2. Costs and Expenses. CFC shall pay all reasonable costs and
disbursements in connection with the performance of its obligations hereunder
and under each Subsequent Transfer Agreement and its Related Documents.

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     SECTION 4.3. Indemnification.

     (a) CFC will defend and indemnify CFSC against any and all costs, expenses,
losses, damages, claims and liabilities, including reasonable fees and expenses
of counsel and expenses of litigation arising out of or resulting from the use
or ownership of any real estate related to a Loan by CFC or the Servicer or any
Affiliate of either. Notwithstanding any other provision of this Agreement, the
obligation of CFC under this Section shall not terminate upon a Service Transfer
pursuant to Article VII of the Pooling and Servicing Agreement, except that the
obligation of CFC under this Section 4.3 shall not relate to the actions of any
subsequent Servicer after a Service Transfer.

     (b) No obligation or liability to any Obligor under any of the Loans is
intended to be assumed by CFSC under or as a result of this Agreement and the
transactions contemplated hereby and, to the maximum extent permitted and valid
under mandatory provisions of law, CFSC expressly disclaims such assumption.

     (c) CFC agrees to pay, and to indemnify, defend and hold harmless CFSC
from, any taxes which may at any time be asserted with respect to, and as of the
date of, the transfer of the Loans to CFSC, including, without limitation, any
sales, gross receipts, general corporation, personal property, privilege or
license taxes and costs, expenses and reasonable counsel fees in defending
against the same, whether arising by reason of the acts to be performed by CFC
under this Agreement or imposed against CFSC.

     (d) Indemnification under this Section 4.3 shall include, without
limitation, reasonable fees and expenses of counsel and expenses of litigation.
If the Originator has made any indemnity payments to CFSC pursuant to this
Section 4.3 and CFSC thereafter collects any of such amounts from others, CFSC
will repay such amounts collected to CFC, without interest.

                                    ARTICLE V
                                   REPURCHASES

     SECTION 5.1. Repurchase of Loans Upon Breach of Warranty.

     (a) Upon the occurrence of a Repurchase Event CFC shall, unless such breach
shall have been cured in all material respects, repurchase such Loan from the
Trust pursuant to Section 3.06 of the Pooling and Servicing Agreement, subject
to the limitation of Section 3.07 of the Pooling and Servicing Agreement. It is
understood and agreed that, the obligation of CFC to repurchase any Loan as to
which a breach has occurred and is continuing shall, if such obligation is
fulfilled, constitute the sole remedy against CFC for such breach available to
CFSC, the Certificateholders or the Trustee on behalf of Certificateholders. The
provisions of this Section 5.1 are intended to grant the Trustee a direct right
against CFC to demand performance hereunder, and in connection therewith, CFC
waives any requirement of prior demand against CFSC with respect to such
repurchase obligation. Any such purchase shall take place in the manner
specified in Section 3.06 of the Pooling and Servicing Agreement.
Notwithstanding any other provision of this Agreement, any Subsequent Transfer
Agreement or the Pooling and Servicing Agreement or any Subsequent Transfer
Agreement to the contrary, the obligation of CFC under this Section shall not
terminate upon a termination of CFC as Servicer under the

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Pooling and Servicing Agreement and shall be performed in accordance with the
terms hereof notwithstanding the failure of the Servicer or CFSC to perform any
of their respective obligations with respect to such Loan under the Pooling and
Servicing Agreement.

     (b) In lieu of repurchasing a Loan when required by Section 5.1(a) of this
Agreement and Section 3.06(a) of the Pooling and Servicing Agreement, CFC may
deliver an Eligible Substitute Loan pursuant to the provisions of Section
3.06(b) of the Pooling and Servicing Agreement.

     (c) In addition to the foregoing and notwithstanding whether the related
Loan shall have been purchased by CFC, CFC shall indemnify the Trustee, the
Trust and the Certificateholders against all costs, expenses, losses, damages,
claims and liabilities, including reasonable fees and expenses of counsel, which
may be asserted against or incurred by any of them as a result of third party
claims arising out of the events or facts giving rise to such Repurchase Events.

     SECTION 5.2. Reassignment of Purchased Loans. Upon deposit of the
Repurchase Price of any Loan repurchased or replaced by CFC under Section 5.1,
CFSC shall cause the Trustee to take such steps as may be reasonably requested
by CFC in order to assign to CFC all of CFSC's and the Trust's right, title and
interest in and to such Loan and all security and documents and all Other
Conveyed Property conveyed to CFSC and the Trust directly relating thereto,
without recourse, representation or warranty, except as to the absence of liens,
charges or encumbrances created by or arising as a result of actions of CFSC or
the Trustee. Such assignment shall be a sale and assignment outright, and not
for security. If, following the reassignment of a Loan, in any enforcement suit
or legal proceeding, it is held that CFC may not enforce any such Loan on the
ground that it shall not be a real party in interest or a holder entitled to
enforce the Loan, CFSC and the Trustee shall, at the expense of CFC, take such
steps as CFC deems reasonably necessary to enforce the Loan, including bringing
suit in CFSC's or the Trustee's name.

     SECTION 5.3. Waivers. No failure or delay on the part of CFSC, or the
Trustee as assignee of CFSC, in exercising any power, right or remedy under this
Agreement or under any Subsequent Transfer Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any such power, right or
remedy preclude any other or future exercise thereof or the exercise of any
other power, right or remedy.

                                   ARTICLE VI
                                  MISCELLANEOUS

     SECTION 6.1. Liability of CFC. CFC shall be liable in accordance herewith
only to the extent of the obligations in this Agreement or in any Subsequent
Transfer Agreement specifically undertaken by CFC and the representations and
warranties of CFC.

     SECTION 6.2. Merger or Consolidation of CFC or CFSC. Any corporation or
other entity (i) into which CFC or CFSC may be merged or consolidated, (ii)
resulting from any merger or consolidation to which CFC or CFSC is a party or
(iii) succeeding to the business of CFC or CFSC, in the case of CFSC, which
corporation has a certificate of incorporation containing provisions relating to
limitations on business and other matters substantively identical

                                       10

<PAGE>

to those contained in CFSC's certificate of incorporation, provided that in any
of the foregoing cases such corporation shall execute an agreement of assumption
to perform every obligation of CFC or CFSC, as the case may be, under this
Agreement and each Subsequent Transfer Agreement and, whether or not such
assumption agreement is executed, shall be the successor to CFC or CFSC, as the
case may be, hereunder and under each such Subsequent Transfer Agreement
(without relieving CFC or CFSC of its responsibilities hereunder, if it survives
such merger or consolidation) without the execution or filing of any document or
any further act by any of the parties to this Agreement or each Subsequent
Transfer Agreement. CFC or CFSC shall promptly inform the other party and the
Trustee of such merger, consolidation or purchase and assumption.
Notwithstanding the foregoing, as a condition to the consummation of the
transactions referred to in clauses (i), (ii) and (iii) above, (x) immediately
after giving effect to such transaction, no representation or warranty made
pursuant to Sections 3.1 and 3.2 and the Pooling and Servicing Agreement, or
similar representation or warranty made in any Subsequent Transfer Agreement,
shall have been breached (for purposes hereof, such representations and
warranties shall speak as of the date of the consummation of such transaction),
(y) CFC or CFSC, as applicable, shall have delivered written notice of such
consolidation, merger or purchase and assumption to the Rating Agencies prior to
the consummation of such transaction and shall have delivered to the Trustee an
Officer's Certificate and an Opinion of Counsel each stating that such
consolidation, merger or succession and such agreement of assumption comply with
this Section 6.2 and that all conditions precedent, if any, provided for in this
Agreement, or in each Subsequent Transfer Agreement, relating to such
transaction have been complied with, and (z) CFC or CFSC, as applicable, shall
have delivered to the Trustee an Opinion of Counsel, stating that, in the
opinion of such counsel, either (A) all financing statements and continuation
statements and amendments thereto have been executed and filed that are
necessary to preserve and protect the interest of the Trustee in the Trust
Property and reciting the details of the filings or (B) no such action shall be
necessary to preserve and protect such interest.

     SECTION 6.3. Limitation on Liability of CFC and Others. CFC shall not be
under any obligation to appear in, prosecute or defend any legal action that is
not incidental to its obligations under this Agreement, any Subsequent Transfer
Agreement or its Related Documents and that in its opinion may involve it in any
expense or liability.

     SECTION 6.4. Amendment.

     (a) This Agreement and any Subsequent Transfer Agreement may be amended by
CFC and CFSC and without the consent of the Trustee or any of the
Certificateholders (i) to cure any ambiguity or (ii) to correct any provisions
in this Agreement or any such Subsequent Transfer Agreement; provided, however,
that such action shall not, as evidenced by an Opinion of Counsel delivered to
the Trustee, adversely affect in any material respect the interests of any
Certificateholder.

     (b) This Agreement may also be amended from time to time by CFC and CFSC,
with the prior written consent of the Trustee and the Holders of Certificates
representing, in the aggregate, 66 2/3% or more of the Aggregate Certificate
Principal Balance, for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement, or of
modifying in any manner the rights of the Certificateholders; provided, however,
that no such amendment shall (i) increase or reduce in any manner the amount of,
or

                                       11

<PAGE>

accelerate or delay the timing of, collections of payments on the Loans or,
distributions that are required to be made on any Certificate or (ii) reduce the
aforesaid percentage required to consent to any such amendment or any waiver
hereunder, without the consent of the Holders of all Certificates then
outstanding.

     (c) This Agreement shall not be amended under this Section 6.4 without the
consent of 100% of the Certificateholders and the Class R Certificateholder if
such amendment would result in the disqualification of the Trust as a REMIC
under the Code.

     (d) Concurrently with the solicitation of any consent pursuant to this
Section 6.4, CFSC shall furnish written notification to S&P, Fitch and Moody's.
Promptly after the execution of any amendment or consent pursuant to this
Section 6.4, CFSC shall furnish written notification of the substance of such
amendment to S&P, Fitch and Moody's, each Certificateholder and the Class R
Certificateholder.

     (e) It shall not be necessary for the consent of Certificateholders
pursuant to this Section 6.4 to approve the particular form of any proposed
amendment or consent, but it shall be sufficient if such consent shall approve
the substance thereof. The manner of obtaining such consents and of evidencing
the authorization of the execution thereof by Certificateholders shall be
subject to such reasonable requirements as the Trustee may prescribe, including
the establishment of record dates. The consent of any Holder of a Certificate
given pursuant to this Section 6.4 or pursuant to any other provision of this
Agreement shall be conclusive and binding on such Holder and on all future
Holders of such Certificate and of any Certificate issued upon the transfer
thereof or in exchange thereof or in lieu thereof whether or not notation of
such consent is made upon the Certificate.

     SECTION 6.5. Notices. All demands, notices and communications to CFC or
CFSC hereunder shall be in writing, personally delivered, or sent by telecopier
(subsequently confirmed in writing), reputable overnight courier or mailed by
certified mail, return receipt requested, and shall be deemed to have been given
upon receipt (a) in the case of CFC, to Conseco Finance Corp., 1100 Landmark
Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639, Attention: Chief
Financial Officer, or such other address as shall be designated by CFC in a
written notice delivered to the other party or to the Trustee or (b) in case of
CFSC, to Conseco Finance Securitizations Corp., 300 Landmark Towers, 345 St.
Peter Street, Saint Paul, Minnesota 55102-1639, Attention: Chief Financial
Officer.

     SECTION 6.6. Merger and Integration. Except as specifically stated
otherwise herein, this Agreement and the Related Documents set forth the entire
understanding of the parties relating to the subject matter hereof, and all
prior understandings, written or oral, are superseded by this Agreement and the
Related Documents. This Agreement may not be modified, amended, waived or
supplemented except as provided herein.

     SECTION 6.7. Severability of Provisions. If any one or more of the
covenants, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then such covenants, provisions or terms shall be
deemed severable from the remaining covenants, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.

                                       12

<PAGE>

     SECTION 6.8. Intention of the Parties. The execution and delivery of this
Agreement and of each Subsequent Transfer Agreement shall constitute an
acknowledgment by CFC and CFSC that they intend that each assignment and
transfer herein and therein contemplated constitute a sale and assignment
outright, and not for security, of the Initial and Additional Loans and the
Initial Other Conveyed Property and the Subsequent Loans and Subsequent Other
Conveyed Property, as the case may be, conveying good title thereto free and
clear of any liens, from CFC to CFSC, and that the Initial and Additional Loans
and the Initial Other Conveyed Property and the Subsequent Loans and Subsequent
Other Conveyed Property shall not be a part of CFC's estate in the event of the
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding,
or other proceeding under any federal or state bankruptcy or similar law, or the
occurrence of another similar event, of, or with respect to, CFC. In the event
that such conveyance is determined to be made as security for a loan made by
CFSC, the Trust or the Certificateholders to CFC, the parties intend that CFC
shall have granted to CFSC a security interest in all of CFC's right, title and
interest in and to the Initial and Additional Loans and the Initial Other
Conveyed Property and the Subsequent Loans and Subsequent Other Conveyed
Property, as the case may be, conveyed pursuant to Section 2.1 hereof or
pursuant to any Subsequent Transfer Agreement, and that this Agreement and each
Subsequent Transfer Agreement shall constitute a security agreement under
applicable law.

     SECTION 6.9. Governing Law. This Agreement shall be construed in accordance
with, the laws of the State of Minnesota without regard to the principles of
conflicts of laws thereof, and the obligations, rights and remedies of the
parties under this Agreement shall be determined in accordance with such laws.

     SECTION 6.10. Counterparts. For the purpose of facilitating the execution
of this Agreement and for other purposes, this Agreement may be executed
simultaneously in any number of counterparts, each of which counterparts shall
be deemed to be an original, and all of which counterparts shall constitute but
one and the same instrument.

     SECTION 6.11. Conveyance of the Initial and Additional Loans and the
Initial Other Conveyed Property to the Trust. CFC acknowledges that CFSC
intends, pursuant to the Pooling and Servicing Agreement, to convey the Initial
and Additional Loans and the Initial Other Conveyed Property, together with its
rights under this Agreement, to the Trust on the date hereof. CFC acknowledges
and consents to such conveyance and waives any further notice thereof and
covenants and agrees that the representations and warranties of CFC contained in
this Agreement and the rights of CFSC hereunder are intended to benefit the
Trustee, the Trust, and the Certificateholders. In furtherance of the foregoing,
CFC covenants and agrees to perform its duties and obligations hereunder, in
accordance with the terms hereof for the benefit of the Trustee, the Trust, and
the Certificateholders and that, notwithstanding anything to the contrary in
this Agreement, CFC shall be directly liable to the Trustee and the Trust
(notwithstanding any failure by the Servicer or CFSC to perform its duties and
obligations hereunder or under the Pooling and Servicing Agreement) and that the
Trustee may enforce the duties and obligations of CFC under this Agreement
against CFC for the benefit of the Trust and the Certificateholders.

     SECTION 6.12. Non-petition Covenant. Neither CFSC nor CFC shall petition or
otherwise invoke the process of any court or government authority for the
purpose of commencing or sustaining a case against the Trust (or, in the case of
CFC, against CFSC) under

                                       13

<PAGE>

any federal or state bankruptcy, insolvency or similar law or appointing a
receiver, liquidator, assignee, trustee, custodian, sequestrator or other
similar official of the Trust (or CFSC) or any substantial part of its property,
or ordering the winding up or liquidation of the affairs of the Trust (or CFSC).

                                       14

<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Transfer Agreement to be
duly executed by their respective officers this 1st day of April, 2002.

                                      CONSECO FINANCE SECURITIZATIONS CORP.,
                                      as Purchaser

                                      By /s/ Timothy R. Jacobson
                                         ---------------------------------------
                                         Timothy R. Jacobson
                                         Vice President and Assistant Treasurer

                                      CONSECO FINANCE CORP., as Seller

                                      By /s/ Timothy R. Jacobson
                                         ---------------------------------------
                                         Timothy R. Jacobson
                                         Vice President and Assistant Treasurer

                                       15

<PAGE>

                                   SCHEDULE A

                    SCHEDULE OF INITIAL AND ADDITIONAL LOANS

           [Included as Exhibit L to Pooling and Servicing Agreement]

<PAGE>

                                                                       EXHIBIT A

                                     FORM OF

                          SUBSEQUENT TRANSFER AGREEMENT

                                     between

                      CONSECO FINANCE SECURITIZATIONS CORP.

                                    Purchaser

                                       and

                              CONSECO FINANCE CORP.

                                     Seller

                           Dated as of ________, 2002

                                      A-1

<PAGE>

     SUBSEQUENT TRANSFER AGREEMENT, dated as of ________, 2002, between Conseco
Finance Securitizations Corp., a Minnesota corporation, as purchaser ("CFSC"),
and Conseco Finance Corp., a Delaware corporation, as seller ("CFC"), pursuant
to the Transfer Agreement, dated as of April 1, 2002, between CFSC and CFC.

                              W I T N E S S E T H:

     WHEREAS, CFC and CFSC are parties to a Transfer Agreement, dated as of
April 1, 2002 (as amended or supplemented, the "Transfer Agreement");

     WHEREAS, pursuant to the Transfer Agreement and this Agreement, CFSC has
agreed to purchase from CFC and CFC is transferring to CFSC the Subsequent Loans
and the Subsequent Other Conveyed Property.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements
hereinafter contained, and for other good and valuable consideration, the
receipt of which is acknowledged, CFSC and CFC, intending to be legally bound,
hereby agree as follows:

     1. Defined Terms. Capitalized terms used but not otherwise defined herein
shall have the respective meanings assigned to such terms in the Transfer
Agreement.

     "Agreement" means this Subsequent Transfer Agreement and all amendments
hereof and all supplements hereto.

     "Schedule of Subsequent Loans" means the schedule of all home equity loans
sold and transferred pursuant to this Agreement attached hereto as Schedule A,
which Schedule of Subsequent Loans shall supplement the Schedule of Initial and
Additional Loans attached to the Transfer Agreement.

     "Subsequent Cutoff Date" shall mean, with respect to the Subsequent Loans
conveyed hereby, [May 14], 2002.

     "Subsequent Other Conveyed Property" means, for the purposes of this
Agreement, all monies at any time paid or payable on the Subsequent Loans
conveyed hereby or in respect thereof after the Subsequent Cut-off Date
(including amounts due on or before the Subsequent Cut-off Date but received by
CFC after the Subsequent Cut-off Date), an assignment of security interests in
the related real estate and any and all other documents or electronic records
that CFC keeps on file in accordance with its customary procedures relating to
the Subsequent Loans, the Obligors or the related real estate, property
(including the right to receive future Liquidation Proceeds) that secures a
Subsequent Loan and that has been acquired by or on behalf of the Trust pursuant
to liquidation of such Subsequent Loan, and all proceeds of the foregoing.

     "Subsequent Loans" means, for purposes of this Agreement, the Loans listed
in the Schedule of Subsequent Loans.

     2. Conveyance of the Subsequent Loans and the Subsequent Other Conveyed
Property. Subject to the terms and conditions of this Agreement and the Transfer
Agreement, CFC hereby sells, transfers, assigns, and otherwise conveys to CFSC
without recourse (but

                                      A-2

<PAGE>

without limitation of its obligations in this Agreement and the Transfer
Agreement), and CFSC hereby purchases, all right, title and interest of CFC in
and to the Subsequent Loans and the Subsequent Other Conveyed Property. It is
the intention of CFC and CFSC that the transfer and assignment contemplated by
this Agreement shall constitute a sale of the Subsequent Loans and the
Subsequent Other Conveyed Property from CFC to CFSC, conveying good title
thereto free and clear of any Liens, and the Subsequent Loans and the Subsequent
Other Conveyed Property shall not be part of CFC's estate in the event of the
filing of a bankruptcy petition by or against CFC under any bankruptcy or
similar law.

     3. Purchase Price. Simultaneously with the conveyance of the Subsequent
Loans and the Subsequent Other Conveyed Property to CFSC, CFSC has paid or
caused to be paid to or upon the order of CFC, by wire transfer of immediately
available funds (representing certain proceeds to CFSC from the sale of the
Certificates on deposit in the Pre-Funding Account), the amount of funds as
specified below:

         (i)      Principal Balance of Subsequent Loans:      $_______

         (ii)     Proceeds to CFC:                            $_______

     4. Representations and Warranties of CFC. CFC makes the following
representations and warranties, on which CFSC relies in purchasing the
Subsequent Loans and the Subsequent Other Conveyed Property an in transferring
the Subsequent Loans and the Subsequent Other Conveyed Property to the Trust
under the Subsequent Transfer Agreement. Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Subsequent Loans and the Subsequent Other Conveyed
Property hereunder, and the sale, transfer and assignment thereof by CFSC to the
Trust under the Subsequent Transfer Agreement. CFC and CFSC agree that CFSC will
assign to the Trust all of CFSC's rights under the Agreement, and that the Trust
will thereafter be entitled to enforce this Agreement against CFC in the Trust's
own name.

          (a) Schedule of Representations. The representations and warranties
     set forth in Sections 3.02, 3.03 and 3.04 of the Pooling and Servicing
     Agreement are true and correct.

          (b) Organization and Good Standing. CFC has been duly organized and is
     validly existing as a corporation in good standing under the laws of the
     State of Delaware, with power and authority to own its properties and to
     conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and now
     has, power, authority and legal right to acquire, own and sell the
     Subsequent Loans and the Subsequent Other Conveyed Property transferred to
     CFSC.

          (c) Due Qualification. CFC is duly qualified to do business as a
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals, in all jurisdictions in which the ownership or
     lease of its property or the conduct of its business requires such
     qualification.

          (d) Power and Authority. CFC has the power and authority to execute
     and deliver this Agreement and the Subsequent Transfer Agreement and to
     carry out its terms

                                      A-3

<PAGE>

     and their terms, respectively; CFC has full power and authority to sell and
     assign the Subsequent Loans and the Subsequent Other Conveyed Property to
     be sold and assigned to and deposited with CFSC hereunder and has duly
     authorized such sale and assignment to CFSC by all necessary corporate
     action; and the execution, delivery and performance of this Agreement and
     the Subsequent Transfer Agreement have been duly authorized by CFC by all
     necessary corporate action.

          (e) Valid Sale; Binding Obligations. This Agreement and the Subsequent
     Transfer Agreement have been duly executed and delivered, shall effect a
     valid sale, transfer and assignment of the Subsequent Loans and the
     Subsequent Other Conveyed Property, enforceable against CFC and creditors
     of and purchasers from CFC; and this Agreement constitutes the legal, valid
     and binding obligation of CFC enforceable in accordance with its terms,
     except as enforceability may be limited by bankruptcy, insolvency,
     reorganization or other similar laws affecting the enforcement of
     creditors' rights generally and by equitable limitations on the
     availability of specific remedies, regardless of whether such
     enforceability is considered in a proceeding in equity or at law.

          (f) No Violation. The consummation of the transactions contemplated by
     this Agreement and the Subsequent Transfer Agreement and the fulfillment of
     the terms of this Agreement and the Subsequent Transfer Agreement shall not
     conflict with, result in any breach of any of the terms and provisions of
     or constitute (with or without notice, lapse of time or both) a default
     under, the certificate of incorporation or bylaws of CFC, or any indenture,
     agreement, mortgage, deed of trust or other instrument to which CFC is a
     party or by which it is bound, or result in the creation or imposition of
     any lien upon any of its properties pursuant to the terms of any such
     indenture, agreement, mortgage, deed of trust or other instrument, other
     than this Agreement and the Subsequent Transfer Agreement, or violate any
     law, order, rule or regulation applicable to CFC of any court or of any
     federal or state regulatory body, administrative agency or other
     governmental instrumentality having jurisdiction over CFC or any of its
     properties.

          (g) No Proceedings. There are no proceedings or investigations pending
     or, to CFC's knowledge, threatened against CFC, before any court,
     regulatory body, administrative agency or other tribunal or governmental
     instrumentality having jurisdiction over CFC or its properties (i)
     asserting the invalidity of this Agreement or the Subsequent Transfer
     Agreement, (ii) seeking to prevent or the consummation of any of the
     transactions contemplated by this Agreement or the Subsequent Transfer
     Agreement, (iii) seeking any determination or ruling that might materially
     and adversely affect the performance by CFC of its obligations under, or
     the validity or enforceability of, this Agreement or the Subsequent
     Transfer Agreement, or (iv) seeking to affect adversely the federal income
     tax or other federal, state or local tax attributes of, or seeking to
     impose any excise, franchise, transfer or similar tax upon, the transfer
     and acquisition of the Subsequent Loans and the Subsequent Other Conveyed
     Property hereunder or under the Subsequent Transfer Agreement.

          (h) Insolvency. As of the Subsequent Cut-off Date and the Subsequent
     Transfer Date, neither CFC nor CFSC is insolvent nor will either of them
     have been made

                                      A-4

<PAGE>

     insolvent after giving effect to the conveyance set forth in Section 2 of
     this Agreement, nor are any of them aware of any pending insolvency.

          (i) Chief Executive Office. The chief executive office of CFC is
     located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul,
     Minnesota 55102-1639.

          (j) Licensing. CFC is duly licensed in each state in which Loans were
     originated to the extent CFC is required to be licensed by applicable law
     in connection with the origination and servicing of the Loans.

     5. Representations and Warranties of CFSC. CFSC makes the following
representations and warranties, on which CFC relies in selling, assigning,
transferring and conveying the Subsequent Loans and the Subsequent Other
Conveyed Property to CFSC hereunder. Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Subsequent Loans and the Subsequent Other Conveyed
Property hereunder and the sale, transfer and assignment thereof by CFSC to the
Trust under the Subsequent Transfer Instrument.

          (a) Organization and Good Standing. CFSC has been duly organized and
     is validly existing and in good standing as a corporation under the laws of
     the State of Minnesota, with the power and authority to own its properties
     and to conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and has,
     full power, authority and legal right to acquire and own the Subsequent
     Loans and the Subsequent Other Conveyed Property, and to transfer the
     Subsequent Loans and the Subsequent Other Conveyed Property to the Trust
     pursuant to the Subsequent Transfer Instrument.

          (b) Due Qualification. CFSC is duly qualified to do business as a
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals in all jurisdictions where the failure to do so
     would materially and adversely affect CFSC's ability to acquire the
     Subsequent Loans or the Subsequent Other Conveyed Property or the validity
     or enforceability of the Subsequent Loans and the Subsequent Other Conveyed
     Property or to perform CFSC's obligations hereunder and under the
     Subsequent Transfer Instrument.

          (c) Power and Authority. CFSC has the power, authority and legal right
     to execute and deliver this Agreement and to carry out the terms hereof and
     to acquire the Subsequent Loans and the Subsequent Other Conveyed Property
     hereunder; and the execution, delivery and performance of this Agreement
     and all of the documents required pursuant hereto have been duly authorized
     by CFSC by all necessary action.

          (d) No Consent Required. CFSC is not required to obtain the consent of
     any other Person, or any consent, license, approval or authorization or
     registration or declaration with, any governmental authority, bureau or
     agency in connection with the execution, delivery or performance of this
     Agreement and the Subsequent Transfer Agreement, except for such as have
     been obtained, effected or made.

                                      A-5

<PAGE>

          (e) Binding Obligation. This Agreement constitutes a legal, valid and
     binding obligation of CFSC, enforceable against CFSC in accordance with its
     terms, subject, as to enforceability, to applicable bankruptcy, insolvency,
     reorganization, conservatorship, receivership, liquidation and other
     similar laws and to general equitable principles.

          (f) No Violation. The execution, delivery and performance by CFSC of
     this Agreement, the consummation of the transactions contemplated by this
     Agreement and the Subsequent Transfer Instrument and the fulfillment of the
     terms of this Agreement and the Subsequent Transfer Instrument do not and
     will not conflict with, result in any breach of any of the terms and
     provisions of, or constitute (with or without notice or lapse of time) a
     default under, the articles of incorporation or bylaws of CFSC, or conflict
     with or breach any of the terms or provisions of, or constitute (with or
     without notice or lapse of time) a default under, any indenture, agreement,
     mortgage, deed of trust or other instrument to which CFSC is a party or by
     which CFSC is bound or to which any of its properties are subject, or
     result in the creation or imposition of any lien upon any of its properties
     pursuant to the terms of any such indenture, agreement, mortgage, deed of
     trust or other instrument (other than the Pooling and Servicing Agreement
     and the Subsequent Transfer Instrument), or violate any law, order, rule or
     regulation, applicable to CFSC or its properties, of any federal or state
     regulatory body, any court, administrative agency, or other governmental
     instrumentality having jurisdiction over CFSC or any of its properties.

          (g) No Proceedings. There are no proceedings or investigations
     pending, or, to the knowledge of CFSC, threatened against CFSC, before any
     court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having jurisdiction over CFSC or its
     properties: (i) asserting the invalidity of this Agreement or the
     Subsequent Transfer Instrument, (ii) seeking to prevent the consummation of
     any of the transactions contemplated by this Agreement or the Subsequent
     Transfer Instrument, (iii) seeking any determination or ruling that might
     materially and adversely affect the performance by CFSC of its obligations
     under, or the validity or enforceability of, this Agreement or the
     Subsequent Transfer Instrument, or (iv) that may adversely affect the
     federal or state income tax attributes of, or seeking to impose any excise,
     franchise, transfer or similar tax upon, the transfer and acquisition of
     the Subsequent Loans and the Subsequent Other Conveyed Property hereunder
     or the transfer of the Subsequent Loans and the Subsequent Other Conveyed
     Property to the Trust pursuant to the Subsequent Transfer Instrument.

In the event of any breach of a representation and warranty made by CFSC
hereunder, CFC covenants and agrees that it will not take any action to pursue
any remedy that it may have hereunder, in law, in equity or otherwise, until a
year and a day have passed since the date on which all pass-through certificates
or other similar securities issued by the Trust, or a trust or similar vehicle
formed by CFSC, have been paid in full. CFC and CFSC agree that damages will not
be an adequate remedy for such breach and that this covenant may be specifically
enforced by CFSC or by the Trustee on behalf of the Trust.

     6. Conditions Precedent. The obligation of CFSC to acquire the Subsequent
Loans and the Subsequent Other Conveyed Property hereunder is subject to the
satisfaction, on or prior

                                      A-6

<PAGE>

to the Subsequent Transfer Date, of the following conditions precedent, and CFC
hereby confirms that such conditions precedent are satisfied;

          (a) Representations and Warranties. Each of the representations and
     warranties made by the CFC in Section 4 of this Agreement and in Section
     3.1 of the Transfer Agreement shall be true and correct as of the date of
     this Agreement and as of the Subsequent Transfer Date.

          (b) Transfer Agreement Conditions. Each of the conditions set forth in
     Section 2.3(b) of the Transfer Agreement applicable to the conveyance of
     Subsequent Loans and the Subsequent Other Conveyed Property shall have been
     satisfied.

          (c) Additional Information. CFC has have delivered to CFSC such
     information as was reasonably requested by CFSC to satisfy itself as to (i)
     the accuracy of the representations and warranties set forth in Section 4
     of this Agreement and in Section 3.1 of the Transfer Agreement and (ii) the
     satisfaction of the conditions set forth in this Section 6.

     7. Ratification of Transfer Agreement. As supplemented by this Agreement,
the Transfer Agreement is in all respects ratified and confirmed and the
Transfer Agreement as so supplemented by this Agreement shall be read, taken and
construed as one and the same instrument.

     8. Governing Law. This Agreement shall be construed in accordance with the
laws of the State of Minnesota without regard to the principles of conflicts of
laws thereof, and the obligations, rights and remedies of the parties under this
Agreement shall be determined in accordance with such laws.

     9. Counterparts. For the purposes of facilitating the execution of this
Agreement and for other purposes, this Agreement may be executed simultaneously
in any number of counterparts, each of which counterparts shall be deemed to be
an original, and all of which counterparts shall constitute but one and the same
instrument.

     10. Conveyance of the Subsequent Loans and the Subsequent Other Conveyed
Property to the Trust. CFC acknowledges that CFSC intends, pursuant to a
Subsequent Transfer Instrument, to convey the Subsequent Loans and the
Subsequent Other Conveyed Property, together with its rights under this
Agreement and under the Transfer Agreement, to the Trust on the date hereof. CFC
acknowledges and consents to such conveyance and waives any further notice
thereof and covenants and agrees that the representations and warranties of CFC
contained in this Agreement and the rights of CFSC hereunder and thereunder are
intended to benefit the Trustee, the Trust and the Certificateholders. In
furtherance of the foregoing, CFC covenants and agrees to perform its duties and
obligations hereunder and under the Transfer Agreement, in accordance with the
terms hereof and thereof for the benefit of the Trustee, the Trust and the
Certificateholders and that, notwithstanding anything to the contrary in this
Agreement or in the Transfer Agreement, CFC shall be directly liable to the
Trustee and the Trust (notwithstanding any failure by CFSC to perform its duties
and obligations hereunder or under the Pooling and Servicing Agreement or the
Subsequent Transfer Agreement) and that the Trustee may enforce

                                      A-7

<PAGE>

the duties and obligations of CFC under this Agreement and the Transfer
Agreement against CFC for the benefit of the Trust and the Certificateholders.

                                      A-8

<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed by their respective officers as of the day and year first above
written.

                                       CONSECO FINANCE SECURITIZATIONS CORP.,
                                       as Purchaser

                                       By
                                          --------------------------------------
                                          [Name]
                                          [Title]

                                       CONSECO FINANCE CORP., as Seller

                                       By
                                          --------------------------------------
                                          [Name]
                                          [Title]

                                      A-9

<PAGE>

                                                                       EXHIBIT B

                               FORM OF ASSIGNMENT

     In accordance with the Transfer Agreement (the "Agreement") dated as of
April 1, 2002, between the undersigned and Conseco Finance Securitizations
Corp., the undersigned does hereby transfer, convey and assign, set over and
otherwise convey, without recourse, to Conseco Finance Home Equity Loan Trust
2002-B, created by the Agreement, to be held in trust as provided in the
Agreement, (i) all right, title and interest in the home equity loans identified
in the List of Loans attached to the Agreement (including, without limitation,
all related mortgages, deeds of trust and security deeds and any and all rights
to receive payments on or with respect to the Loans due after the applicable
Cut-off Date), (ii) all rights under any hazard, flood or other individual
insurance policy on the real estate securing a Loan for the benefit of the
creditor of such Initial and Additional Loan, (iii) all rights Conseco Finance
Corp. may have against the originating lender with respect to Initial and
Additional Loans originated by a lender other than Conseco Finance Corp., (iv)
all rights of the Seller under the Transfer Agreement, (v) all rights under the
Errors and Omissions Protection Policy and the Fidelity Bond as such policy and
bond relate to the Initial and Additional Loans, (vi) all rights under any title
insurance policies, if applicable, on any of the properties securing Initial and
Additional Loans, (vii) all documents contained in the Loan Files relating to
the Initial and Additional Loans, (viii) amounts in the Certificate Account and
the Pre-Funding Account (including all proceeds of investments of the funds in
Certificate Account) and (ix) all proceeds and products of the foregoing.

     This Assignment is made pursuant to and upon the representations and
warranties on the part of the undersigned contained in Article III of the
Agreement and no others. All undefined capitalized terms used in this Assignment
have the meanings given them in the Agreement.

     IN WITNESS WHEREOF, the undersigned has caused this Assignment to be duly
executed this _____ day of __________, 2002.

                                       CONSECO FINANCE CORP.

[Seal]

                                       By
                                          --------------------------------------
                                          [Name]
                                          [Title]

                                      B-1Exhibit 4.3

BEAR STEARNS

                                            BEAR STEARNS FINANCIAL PRODUCTS INC.
                                                              383 MADISON AVENUE
                                                                      SUITE 2700
                                                        NEW YORK, NEW YORK 10179
                                                                    212-272-4009

DATE:                      May 10, 2002

TO:                        Conseco Finance Home Equity Loan Trust 2002-B
ATTENTION:                 Mr. Tim Jacobson
TELEPHONE:                 651-293-3429
FACSIMILE:                 651-293-5695

FROM:                      Derivatives Documentation
TELEPHONE:                 212-272-2711
FACSIMILE:                 212-272-9857

SUBJECT:                   Fixed Income Derivatives Confirmation and Agreement

REFERENCE NUMBER:          FXNEC4801

The purpose of this letter agreement (the "Agreement") is to confirm the terms
and conditions of the Transaction entered into on the Trade Date specified below
(the "Transaction") between Bear Stearns Financial Products Inc.("BSFP") and
Conseco Finance Home Equity Loan Trust 2002-B ("Counterparty"). This Agreement,
which evidences a complete and binding agreement between you and us to enter
into the Transaction on the terms set forth below, constitutes a "Confirmation"
as referred to in the ISDA Form Master Agreement (as defined below), as well as
a "Schedule" as referred to in the ISDA Form Master Agreement.

1.   The definitions and provisions contained in the 2000 ISDA Definitions, as
     published by the International Swaps and Derivatives Association, Inc. (the
     "Definitions"), are incorporated into this Agreement. In the event of any
     inconsistency between those definitions and provisions and this Agreement,
     this Agreement will govern. This Agreement evidences a complete binding
     agreement between you and us as to the terms of the Transaction to which
     this Agreement relates. You and we agree that a Master Agreement
     (Multicurrency--Cross Border), in the form published by ISDA, but without
     any Schedule and including the revisions provided below (the "ISDA Form
     Master Agreement") shall be deemed to have been executed by you and us on
     the Trade Date of this Transaction and this Transaction will be governed by
     and be subject to the terms and conditions which would be applicable as if,
     prior to the Trade Date, the parties had executed and delivered an ISDA
     Form Master Agreement, (this Agreement and such ISDA Form Master Agreement
     forming a single agreement between the parties), except that in the event
     of any inconsistency between the provisions of the ISDA Form Master
     Agreement and this Agreement, this Agreement will prevail for the purpose
     of this Transaction. Terms used and not otherwise defined herein, in the
     ISDA Form Master Agreement or the Definitions shall have the meanings
     assigned to them in the Pooling and Servicing Agreement (the "Pooling and
     Servicing Agreement"), dated as of April 1, 2002, among Conseco Finance
     Securitizations Corp., Conseco Finance Corp. and U.S. Bank Trust National
     Association.

2.   The terms of the particular Transaction to which this Confirmation relates
     are as follows:

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 2 of 16

       Type of Transaction:          Rate Cap

       Notional Amount:              With respect to any Calculation Period, the
                                     amount set forth for such period in the
                                     Schedule of Notional Amounts attached
                                     hereto.

       Trade Date:                   May 9, 2002

       Effective Date:               April 25, 2002

       Termination Date:             March 15, 2010, subject to adjustment in
                                     accordance with the Business Day
                                     Convention.

       Fixed Amount (Premium):

              Fixed Rate Payer:      Counterparty

              Fixed Rate Payer
              Payment Date:          The 15th calendar day of each
                                     month during the Term of this
                                     Transaction, commencing May 15, 2002
                                     and ending on October 15, 2004,
                                     subject to adjustment in accordance
                                     with the Business Day Convention

              Fixed Amount:          USD 9,633.20

       Floating Amounts:

              Floating Rate Payer:   BSFP

              Cap Rate:              8.00000%

              Floating Rate Payer
              Payment Dates:         The 15th calendar day of each
                                     month during the Term of this
                                     Transaction, commencing May 15, 2002
                                     and ending on the Termination Date,
                                     subject to adjustment in accordance
                                     with the Business Day Convention.

              Floating Rate Option:  USD-LIBOR-BBA

              Designated Maturity:   One month

              Floating Rate Day

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 3 of 16

              Count Fraction:        Actual/360

              Reset Dates:           The first day of each Calculation Period

              Compounding:           Inapplicable

       Business Days:                New York and London

       Business Day Convention:      Modified Following

       Calculation Agent:            BSFP

3.   Additional Provisions:          1) Each party hereto is hereby advised and
                                     acknowledges that the other party has
                                     engaged in (or refrained from engaging in)
                                     substantial financial transactions and has
                                     taken (or refrained from taking) other
                                     material actions in reliance upon the entry
                                     by the parties into the Transaction being
                                     entered into on the terms and conditions
                                     set forth herein and in the Agreement
                                     relating to such Transaction, as
                                     applicable. This paragraph (1) shall be
                                     deemed repeated on the trade date of each
                                     Transaction.

                                     2) BSFP represents and warrants that as of
                                     the Trade Date its long term debt
                                     obligations are rated (a) AAA by S&P,
                                     (b) Aaa by Moody's.

4.   Provisions Deemed Incorporated in a Schedule to the ISDA Form Master
     Agreement:

          Part 1. Termination Provisions. For purposes of the ISDA Form Master
     Agreement:

               (a) "Specified Entity" is not applicable to BSFP or Counterparty
          for any purpose.

               (b) Section 1(c) of the ISDA Form Master Agreement is hereby
          deleted.

               (c) The provisions of Sections 5(a) (ii), (iii), (iv) and (v)
          shall not apply to either BSFP or Counterparty.

               (d) The "Cross Default" provisions of Section 5(a)(vi) shall not
          apply to either BSFP or Counterparty.

               (e) The "Credit Event Upon Merger" provisions of Section 5(b)(iv)
          will not apply to BSFP or Counterparty.

               (f) The "Automatic Early Termination" provision of Section 6(a)
          will not apply to BSFP or Counterparty.

               (g) Payments on Early Termination. For the purpose of Section
          6(e) of the ISDA Form Master Agreement:

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 4 of 16

                    (i) Market Quotation will apply.

                    (ii) The Second Method will apply.

               (h) "Termination Currency" means United States Dollars.

               (i) Tax Event. The provisions of Section 2(d)(i)(4) and 2(d)(ii)
          of the ISDA Form Master Agreement shall not apply to BSFP or
          Counterparty and neither BSFP nor Counterparty shall be required to
          pay any additional amounts referred to therein.

               (j) Additional Termination Events will apply. The following shall
          constitute Additional Termination Events:

               (1)  Counterparty, with the consent of all holders of Relevant
                    Certificates, shall have the right to declare an Additional
                    Termination Event with BSFP as the sole Affected Party if
                    (a) at any time the unsecured, unsubordinated long term debt
                    obligations of BSFP are rated below A+ by S&P or below A2 by
                    Moody's, and (b) either (i) neither BSFP nor Counterparty,
                    each using its good faith efforts, has caused another party
                    acceptable to the Rating Agencies and the other party hereto
                    and satisfying the Rating Agency Condition to assume the
                    obligations of BSFP hereunder within 30 days of the issuance
                    of such a rating or (ii) BSFP has failed to post additional
                    collateral to secure its obligations under this Agreement in
                    an amount equal to the greatest of (x) 1% of the Notional
                    Amount effective on the date of such downgrade, (y) the
                    Floating Rate Payer Amount due on the immediately following
                    Floating Rate Payer Payment Date and (z) that amount which
                    in the view of the Rating Agencies will be sufficient to
                    maintain the then current ratings on the Relevant
                    Certificates.

               (2)  In the event that the Class M-1 Certificate holder delivers
                    notice of its intent to purchase the Loans pursuant to
                    Section 8.06 of the Pooling and Servicing Agreement or the
                    Trust is terminated for any other reason, an Early
                    Termination Date shall occur immediately upon the occurrence
                    thereof and, notwithstanding anything to the contrary in the
                    ISDA Form Master Agreement, Counterparty shall pay to BSFP
                    the sum of all Fixed Amounts outstanding hereunder on the
                    immediately following Payment Date.

               (3)  In the event that the Pooling and Servicing Agreement is
                    amended without the prior written consent of BSFP and such
                    amendment affects the amount or timing of payments due to
                    BSFP hereunder or the amount and timing of payments due from
                    BSFP hereunder, an Early Termination Date shall occur
                    immediately upon the occurrence thereof and, notwithstanding
                    anything to the contrary in the ISDA Form Master Agreement
                    or the Pooling and Servicing Agreement, Counterparty shall

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 5 of 16

                    pay to BSFP the sum of all Fixed Amounts outstanding
                    hereunder on the immediately following Payment Date.

          Part 2. Tax Representations.

               (a) Payer Representations. For the purpose of Section 3(e) of the
          ISDA Form Master Agreement, each of BSFP and the Counterparty will
          make the following representations:

               It is not required by any applicable law, as modified by the
          practice of any relevant governmental revenue authority, of any
          Relevant Jurisdiction to make any deduction or withholding for or on
          account of any Tax from any payment (other than interest under Section
          2(e), 6(d)(ii) or 6(e) of this ISDA Form Master Agreement) to be made
          by it to the other party under this ISDA Form Master Agreement. In
          making this representation, it may rely on:

                    (i) the accuracy of any representations made by the other
               party pursuant to Section 3(f) of this ISDA Form Master
               Agreement;

                    (ii) the satisfaction of the agreement contained in Section
               4(a)(iii) of this ISDA Form Master Agreement and the accuracy and
               effectiveness of any document provided by the other party
               pursuant to Section 4(a)(iii) of this ISDA Form Master Agreement;
               and

                    (iii) the satisfaction of the agreement of the other party
               contained in Section 4(d) of this ISDA Form Master Agreement;

                    provided that it shall not be a breach of this
                    representation where reliance is placed on clause (ii) and
                    the other party does not deliver a form or document under
                    Section 4(a)(iii) of this ISDA Form Master Agreement by
                    reason of material prejudice to its legal or commercial
                    position.

               (b) Payee Representations. For the purpose of Section 3(f) of the
          ISDA Form Master Agreement, each of BSFP and the Counterparty make the
          following representations: None.

          Part 3. Documents to be Delivered. For the purpose of Section 4(a)(i)
     and 4(a)(ii)of the ISDA Form Master Agreement:

         (l) Tax forms, documents, or certificates to be delivered are:

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 6 of 16

<TABLE>
<CAPTION>
Party required to deliver document       Form/Document/Certificate              Date by which to Be delivered
<S>                                      <C>                                    <C>
BSFP and Counterparty                    Any document required or reasonably    Promptly after the earlier of (i)
                                         requested to allow the other party     reasonable demand by either party or
                                         to make payments under this            (ii) learning that such form or
                                         Agreement without any deduction or     document is required
                                         withholding for or on the account of
                                         any Tax or with such deduction or
                                         withholding at a reduced rate
</TABLE>

         (2) Other documents to be delivered are:

<TABLE>
<CAPTION>
Party required to deliver      Form/Document/Certificate                          Date by which to be      Covered by
document                                                                          delivered                Section 3(d)
                                                                                                           Representation
<S>                            <C>                                                <C>                      <C>
BSFP and  Counterparty         Evidence reasonably satisfactory to the            Upon the execution and   Yes
                               receiving party to evidence the authority of the   delivery of this
                               delivering party or its Credit Support Provider,   Agreement and, if
                               if any, for it to execute and deliver this         requested, upon
                               Agreement, any Confirmation, and any Credit        execution of any
                               Support Documents to which it is a party, and to   Confirmation.
                               evidence the authority of the delivering party
                               or its Credit Support Provider to perform its
                               obligations under this Agreement, such
                               Confirmation and/or Credit Support Document, as
                               the case may be.

BSFP and Counterparty          A certificate of an authorized officer of the      Upon the execution and   Yes
                               party, as to the incumbency and authority of the   delivery of this
                               respective persons executing any document on its   Agreement and, if
                               behalf in connection with this Agreement, any      requested, upon
                               Confirmation and any Credit Support Document.      execution of any
                                                                                  Confirmation.

BSFP and Counterparty          Legal opinion(s) with respect to each party and    Upon the execution and   No
                               its Credit Support Provider, if any, for it in     delivery of this
                               the form and substance reasonably satisfactory     Agreement and, if
                               to the other
</TABLE>

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 7 of 16

<TABLE>
<CAPTION>
<S>                            <C>                                                <C>                      <C>
                               party to whom such opinion is being                requested, upon
                               delivered relating to the enforceability of the    execution of any
                               party's obligations under this Agreement.          Confirmation

Counterparty                   Copies of closing documents delivered in           Promptly upon request    Yes
                               connection with the issuance of the Certificates   by BSFP
                               (as defined above) and each other report or
                               other document under the terms of the Pooling
                               and Servicing Agreement, other than those
                               required to be delivered directly by the Trustee
                               to BSFP thereunder
</TABLE>

          Part 4. Miscellaneous. Miscellaneous:

          (a)  Address for Notices: For the purposes of Section 12(a) of
               the ISDA Form Master Agreement:

          Address for notices or communications to BSFP:

               Address:   383 Madison Avenue
                          New York, NY  10179
               Attention: DPC Manager - Suite 2700
               Facsimile: 212-272-5823

          with a copy to:

               Address:   One Metrotech Center North,
                          Brooklyn, New York 11201
               Attention: Derivative Operations - 7th Floor
               Facsimile: (212) 272-1634

               (For all purposes)

          Address for notices or communications to the Counterparty:

               Address:   345 St. Peters Street, Suite 800
                          St. Paul, MN 55102
               Attention: Mr. Tim Jacobson
               Facsimile: 651-293-5695
               Phone:     651-293-3429

          with a copy to:

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 8 of 16

               Attention: Ms. Debbie Vigdal
               Facsimile: 612-340-2868
               Phone:     612-340-2693

               (For all purposes)

          (b)  Process Agent. For the purpose of Section 13(c)of the ISDA
               Form Master Agreement:

               BSFP appoints as its Process Agent:Not Applicable

               Counterparty appoints as its Process Agent: Not Applicable

          (c)  Offices. The provisions of Section 10(a) of the ISDA Form
               MasterAgreement will apply to this Agreement.

          (d)  Multibranch Party. For the purpose of Section 10(c) of the
               ISDA Form Master Agreement:

               BSFP is not a Multibranch Party.

               Counterparty is not a Multibranch Party.

          (e)  Calculation Agent. The Calculation Agent is BSFP.

          (f)  Credit Support Document. Not applicable for either BSFP or
               Counterparty.

          (g)  Credit Support Provider.

               In relation to BSFP: Not Applicable

               In relation to Counterparty: Not Applicable

          (h)  Governing Law. THIS AGREEMENT WILL BE GOVERNED BY AND
               CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
               YORK APPLICABLE TO CONTRACTS WHOLLY PERFORMED WITHIN THE
               STATE OF NEW YORK WITHOUT REFERENCE TO CHOICE OF LAW
               DOCTRINE.

          (i)  Netting Provisions. The parties agree that subparagraph (ii)
               of Section 2(c) of the ISDA Form Master Agreement will
               apply.

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 9 of 16

          (j)  "Affiliate" will have the meaning specified in Section 14 of
               the ISDA Form Master Agreement, provided, that BSFP shall
               not be deemed to have any Affiliates for purposes of the
               ISDA Form Master Agreement, including for purposes of
               Section 6(b)(ii).

          Part 5. Other Provisions.

          (a)  Amendments to Master Agreement.

               (i)  Section 3(a) of the ISDA Form Master Agreement shall be
                    amended to include the following additional representations
                    after paragraph 3(a)(v):

                    "(vi) Eligible Contract Participant. It is an "eligible
                    contract participant" as defined in Section 1a (12) of the
                    Commodity Exchange Act (7 U.S.C. 1a), as amended by the
                    Commodity Futures Modernization Act of 2000."

               (ii) Section 3 of the ISDA Form Master Agreement is hereby
                    amended by adding at the end thereof the following
                    subsection (g):

                    "(g) Relationship Between Parties. Each party represents to
                    the other party on each date when it enters into a
                    Transaction that:

                         (1) Nonreliance. (i) It is not relying on any statement
                    or representation of the other party regarding the
                    Transaction (whether written or oral), other than the
                    representations expressly made in this ISDA Form Master
                    Agreement or the Confirmation in respect of that Transaction
                    and (ii) it has consulted with its own legal, regulatory,
                    tax, business, investment, financial and accounting advisors
                    to the extent it has deemed necessary, and it has made its
                    own investment, hedging and trading decisions based upon its
                    own judgment and upon any advice from such advisors as it
                    has deemed necessary and not upon any view expressed by the
                    other party.

                         (2) Evaluation and Understanding.

                         (i) It has the capacity to assess the merits of and to
                    evaluate (internally or through independent professional
                    advice) the Transaction and has made its own decision to
                    enter into the Transaction; and

                         (ii) It understands the terms, conditions and risks of
                    the Transaction. It is willing and able to accept, and
                    accepts, those terms and conditions and is willing and able
                    to assume and assumes those risks, financially and
                    otherwise.

                         (3) Purpose. It is entering into the Transaction for
                    the purposes of managing its borrowings or investments,
                    hedging its underlying assets or liabilities or in
                    connection with a line of business.

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 10 of 16

                         (4) Principal It is entering into the Transaction as
                    principal, and not as agent or in any other capacity,
                    fiduciary or otherwise and the other party is not acting as
                    a fiduciary for or an adviser to it in respect of the
                    Transaction."

              (iii) Section 9(b) of the ISDA Form Master Agreement is amended
                    by adding the following at the end of such Section:

                    "No amendment, modification or waiver in respect of this
                    Master Agreement will be effective unless the Rating Agency
                    Condition is satisfied. In addition no assignment or
                    transfer of this Master Agreement shall be effective unless
                    the Rating Agency Condition is satisfied."

          (b)  Non-Petition. BSFP hereby irrevocably and unconditionally agrees
               that it will not institute against, or join any other person in
               instituting against or cause any other person to institute
               against Counterparty, any bankruptcy, reorganization,
               arrangement, insolvency, or similar proceeding under the laws of
               the United States, or any other jurisdiction for the non-payment
               of any amount due hereunder or any other reason until the payment
               in full of the Certificates (as defined in the Pooling and
               Servicing Agreement) and the expiration of a period of one year
               plus ten days (or, if longer, the applicable preference period)
               following such payment.

          (c)  Non-Recourse Provisions. Notwithstanding anything to the contrary
               contained herein, none of Counterparty or any of its officers,
               directors, or shareholders (the "Non-recourse Parties") shall be
               personally liable for the payment by or on behalf of the
               Counterparty hereunder and BSFP shall be limited to a proceeding
               against the Collateral or against any other third party other
               than the Non-recourse Parties and BSFP shall not have the right
               to proceed directly against Counterparty for the satisfaction of
               any monetary claim against the Nonrecourse Parties or for any
               deficiency judgment remaining after foreclosure of any property
               included in such Collateral and following the realization of the
               Collateral, any claims of BSFP shall be extinguished.

          (d)  Severability. If any term, provision, covenant, or condition of
               this Agreement, or the application thereof to any party or
               circumstance, shall be held to be invalid or unenforceable (in
               whole or in part) for any reason, the remaining terms,
               provisions, covenants, and conditions hereof shall continue in
               full force and effect and shall remain applicable to all other
               parties circumstances as if this Agreement had been executed with
               the invalid or unenforceable portion eliminated, so long as this
               Agreement as so modified continues to express, without material
               change, the original intentions of the parties as to the subject
               matter of this Agreement and the deletion of such portion of this
               Agreement will not substantially impair the respective benefits
               or expectations of the parties.

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 11 of 16

               The parties shall endeavor to engage in good faith negotiations
               to replace any invalid or unenforceable term, provision, covenant
               or condition with a valid or enforceable term, provision,
               covenant or condition, the economic effect of which comes as
               close as possible to that of the invalid or unenforceable term,
               provision, covenant or condition.

          (e)  Consent to Telephonic Recording. Each party hereto consents to
               the monitoring or recording, at any time and from time to time,
               by the other party of any and all communications between officers
               or employees of the parties, waives any further notice of such
               monitoring or recording, and agrees to notify its officers and
               employees of such monitoring or recording.

          (f)  Waiver of Jury Trial. Each party to this Agreement irrevocably
               waives any right it may have to a trial by jury in respect of any
               Proceedings relating to this Agreement; any Credit Support
               Document or any of the transactions contemplated hereby.

          (g)  Confidentiality. Counterparty hereby agrees that it shall not
               disclose to any third parties any information of a proprietary or
               financial nature regarding BSFP without the prior written consent
               of BSFP.

          (h)  Limited Set-Off. Notwithstanding any provision of this Agreement
               or any other existing or future agreement, each party irrevocably
               waives any and all rights it may have to set off, net, recoup or
               otherwise withhold or suspend or condition payment or performance
               of any obligation between it and the other party hereunder
               against any obligation between it and the other party under any
               other agreements. For the avoidance of doubt, the foregoing shall
               not be construed to limit any right of the parties under this
               Agreement in respect of Sections 2(a)(iii), Section 2(c), Section
               6(e) of the ISDA Form Master Agreement or any other right arising
               under this Agreement to net amounts payable under this Agreement,
               whether under Section 2, Section 6, Section 11 of the ISDA Form
               Master Agreement or otherwise.

          (i)  Additional Definitional Provisions.

               As used in this Agreement, the following terms shall have the
               meanings set forth below, unless the context clearly requires
               otherwise:

                         "Fitch" means Fitch , Inc., or any successor

                         "Moody's" means Moody's Investors Services, Inc., or
                    any successor.

                         "Rating Agency Condition" means, with respect to any
                    particular proposed act or omission to act hereunder that
                    the party acting or failing to act having consulted with any
                    of the Rating Agencies then providing a rating of the
                    Relevant Certificates and having received from the Rating
                    Agencies, a prior written confirmation that the proposed
                    action or inaction would not cause a

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 12 of 16

                    downgrade or withdrawal of the then-current rating of the
                    Relevant Certificates.

                         "Rating Agencies" means each of Moody's, S&P and Fitch.

                         "Relevant Certificates" means the Class M-2
                    Certificates (as defined in the Pooling and Servicing
                    Agreement).

                         "S&P" means Standard & Poor's Ratings Group, or any
                    successor thereto.

     NEITHER THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF
     THE BEAR STEARNS COMPANIES INC. OTHER THAN BSFP IS AN OBLIGOR OR A CREDIT
     SUPPORT PROVIDER ON THIS AGREEMENT OR ANY TRANSACTION COVERED HEREBY.

5.   Account Details and
     Settlement Information:  Payments to BSFP:
                              Citibank, N.A., New York
                              ABA Number: 021-0000-89, for the account of
                              Bear, Stearns Securities Corp.
                              Account Number: 0925-3186, for further credit to
                              Bear Stearns Financial Products Inc.
                              Sub-account  Number: 102-04654-1-3
                              Attention: Derivatives Department

                              Payments to Counterparty:
                              [Please provide]

This Agreement may be executed in several counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.

Counterparty hereby agrees to check this Confirmation and to confirm that the
foregoing correctly sets forth the terms of the Transaction by signing in the
space provided below and returning to BSFP a facsimile of the fully-executed
Confirmation to 212-272-9857. For inquiries regarding U.S. Transactions, please
contact Sonya Nugent by telephone at 212-272-8273. For all other inquiries
please contact Nichola Murdoch by telephone at 353-1-402-6224. Originals will be
provided for your execution upon your request.

We are very pleased to have executed this Transaction with you and we look
forward to completing other transactions with you in the near future.

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 13 of 16

Very truly yours,

BEAR STEARNS FINANCIAL PRODUCTS INC.

By: /s/ Kelly Warwick
    ------------------------------
    Name: Kelly Warwick
    Title: DPC Manager

Counterparty, acting through its duly authorized signatory, hereby agrees to,
accepts and confirms the terms of the foregoing as of the Trade Date.

CONSECO FINANCE HOME EQUITY LOAN TRUST 2002-B
By: U.S. BANK TRUST NATIONAL ASSOCIATION,
not in its individual capacity but solely as Trustee

By: /s/ Tamara Schultz-Fugh
    ------------------------------
    Name: Tamara Schultz-Fugh
    Title: Vice President

am

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 14 of 16

                          SCHEDULE OF NOTIONAL AMOUNTS

               (all such dates subject to adjustment in accordance
                       with the Business Day Convention)

      From and including          To but excluding         Notional Amount (USD)
      ------------------          ----------------         ---------------------

        Effective Date                05/15/02                  17,500,000
           05/15/02                   06/15/02                  17,500,000
           06/15/02                   07/15/02                  17,500,000
           07/15/02                   08/15/02                  17,500,000
           08/15/02                   09/15/02                  17,500,000
           09/15/02                   10/15/02                  17,500,000
           10/15/02                   11/15/02                  17,500,000
           11/15/02                   12/15/02                  17,500,000
           12/15/02                   01/15/03                  17,500,000
           01/15/03                   02/15/03                  17,500,000
           02/15/03                   03/15/03                  17,500,000
           03/15/03                   04/15/03                  17,500,000
           04/15/03                   05/15/03                  17,500,000
           05/15/03                   06/15/03                  17,500,000
           06/15/03                   07/15/03                  17,500,000
           07/15/03                   08/15/03                  17,500,000
           08/15/03                   09/15/03                  17,500,000
           09/15/03                   10/15/03                  17,500,000
           10/15/03                   11/15/03                  17,500,000
           11/15/03                   12/15/03                  17,500,000
           12/15/03                   01/15/04                  17,500,000
           01/15/04                   02/15/04                  17,500,000
           02/15/04                   03/15/04                  17,500,000
           03/15/04                   04/15/04                  17,500,000
           04/15/04                   05/15/04                  17,500,000
           05/15/04                   06/15/04                  17,500,000
           06/15/04                   07/15/04                  17,500,000
           07/15/04                   08/15/04                  17,500,000
           08/15/04                   09/15/04                  17,500,000
           09/15/04                   10/15/04                  17,500,000
           10/15/04                   11/15/04                  17,500,000
           11/15/04                   12/15/04                  17,500,000
           12/15/04                   01/15/05                  17,500,000
           01/15/05                   02/15/05                  17,500,000
           02/15/05                   03/15/05                  17,500,000
           03/15/05                   04/15/05                  17,500,000
           04/15/05                   05/15/05                  17,500,000

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 15 of 16

           05/15/05                   06/15/05                  17,500,000
           06/15/05                   07/15/05                  17,500,000
           07/15/05                   08/15/05                  17,500,000
           08/15/05                   09/15/05                  17,500,000
           09/15/05                   10/15/05                  17,201,813
           10/15/05                   11/15/05                  16,902,174
           11/15/05                   12/15/05                  16,607,562
           12/15/05                   01/15/06                  16,317,894
           01/15/06                   02/15/06                  16,033,088
           02/15/06                   03/15/06                  15,753,063
           03/15/06                   04/15/06                  15,477,741
           04/15/06                   05/15/06                  15,207,044
           05/15/06                   06/15/06                  14,940,894
           06/15/06                   07/15/06                  14,679,218
           07/15/06                   08/15/06                  14,421,940
           08/15/06                   09/15/06                  14,168,988
           09/15/06                   10/15/06                  13,920,290
           10/15/06                   11/15/06                  13,675,776
           11/15/06                   12/15/06                  13,435,376
           12/15/06                   01/15/07                  13,199,023
           01/15/07                   02/15/07                  12,966,649
           02/15/07                   03/15/07                  12,738,189
           03/15/07                   04/15/07                  12,513,577
           04/15/07                   05/15/07                  12,292,750
           05/15/07                   06/15/07                  12,075,644
           06/15/07                   07/15/07                  11,862,199
           07/15/07                   08/15/07                  11,652,354
           08/15/07                   09/15/07                  11,446,049
           09/15/07                   10/15/07                  11,243,225
           10/15/07                   11/15/07                  11,043,824
           11/15/07                   12/15/07                  10,847,791
           12/15/07                   01/15/08                  10,655,068
           01/15/08                   02/15/08                  10,465,601
           02/15/08                   03/15/08                  10,279,337
           03/15/08                   04/15/08                  10,096,221
           04/15/08                   05/15/08                   9,916,201
           05/15/08                   06/15/08                   9,739,227
           06/15/08                   07/15/08                   9,565,248
           07/15/08                   08/15/08                   9,394,214
           08/15/08                   09/15/08                   9,226,075
           09/15/08                   10/15/08                   9,060,785
           10/15/08                   11/15/08                   8,898,295
           11/15/08                   12/15/08                   8,738,560

<PAGE>

Reference Number FXNEC4801
Conseco Finance Home Equity Loan Trust 2002-B
May 10, 2002
Page 16 of 16

           12/15/08                   01/15/09                   8,581,533
           01/15/09                   02/15/09                   8,427,169
           02/15/09                   03/15/09                   8,275,425
           03/15/09                   04/15/09                   8,126,256
           04/15/09                   05/15/09                   7,979,620
           05/15/09                   06/15/09                   7,835,475
           06/15/09                   07/15/09                   7,693,780
           07/15/09                   08/15/09                   7,554,493
           08/15/09                   09/15/09                   7,417,574
           09/15/09                   10/15/09                   7,282,985
           10/15/09                   11/15/09                   7,150,686
           11/15/09                   12/15/09                   7,020,640
           12/15/09                   01/15/10                   6,892,808
           01/15/10                   02/15/10                   6,767,154
           02/15/10               Termination Date               6,643,643

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]