GREEN TREE FLOORPLAN RECIEVABLES MASTER TRUST
8-K, EX-99.1, 2000-07-24
ASSET-BACKED SECURITIES
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<PAGE>

                                                                    EXHIBIT 99.1

                           FORM OF MONTHLY STATEMENT

                  GreenTree Floorplan Receivables Master Trust
                                 Series 1998-2

         Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1995 (hereinafter as such agreement may have been or may be from time to time
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
Conseco Finance Corporation as servicer (the "Servicer"), Green Tree Floorplan
Funding Corp. as transferor (the "Transferor"), and Norwest Bank Minnesota as
trustee (the "Trustee"), as supplemented by the Series 1998-2 Supplement dated
as of September 1, 1998 (the Supplement") among the Servicer, the Transferor and
the Trustee, as Servicer is required to prepare certain information each month
regarding current distributions to the Series 1998-2 Certificateholders and the
performance of the Green Tree Floorplan Receivables Master Trust (the "Trust")
during the previous month. The information which is required to be prepared with
respect to the performance of the Trust during the month of June 2000 is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Series 1998-2 Certificate (a "Certificate").
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. Capitalized terms used in this Monthly Statement have their
respective meanings set forth in the Pooling and Servicing Agreement and the
Supplement.


A)       Information regarding distribution in respect of the Class A
         Certificates per $1,000 original certificate principal amount

         (1) The total amount of the distribution in respect of Class A
         Certificates, per $1,000 original certificate principal amount    5.58
                                                                       --------

         (2) The amount of the distribution set forth in paragraph 1
         above in respect of interest on the Class A Certificates, per
         $1,000 original certificate principal amount                      5.58
                                                                       --------

         (3) The amount of the distribution set forth in paragraph 1
         above in respect of principal of the Class A Certificates, per
         $1,000 original certificate principal amount                      0.00
                                                                       --------

B)       Class A Investor Charge Offs and Reimbursement of Charge Offs

         (1) The amount of Class A Investor Charge Offs                    0.00
                                                                       --------

         (2) The amount of Class A Investor Charge Offs set forth in
         paragraph 1 above, per $1,000 original certificate principal
         amount                                                            0.00
                                                                       --------

         (3) The total amount reimbursed in respect of Class A Investor
         Charge Offs                                                       0.00
                                                                       --------

         (4) The amount set forth in paragraph 3 above, per $1,000
         original certificate principal amount                             0.00
                                                                       --------

         (5) The amount, if any, by which the outstanding principal
         balance of the Class A Certificates exceeds the Class A
         Invested Amount after giving effect to all transactions on
         such Distribution Date                                            0.00
                                                                       --------

C)       Information regarding distributions in respect of the Class B
         Certificates, per $1,000 original certificate principal amount

         (1) The total amount of the distribution in respect of Class B
         Certificates, per $1,000 original certificate principal amount    5.72
                                                                       --------

         (2) The amount of the distribution set forth in paragraph 1
         above in respect of interest on the Class B Certificates, per
         $1,000 original certificate principal amount                      5.72
                                                                       --------

         (3) The amount of the distribution set forth in paragraph 1
         above in respect of principal of the Class B Certificates, per
         $1,000 original certificate principal amount                      0.00
                                                                       --------

D)       Amount of reductions in Class B Invested Amount pursuant to
         clauses (c), (d), and (e) of the definition of Class B
         Invested Amount
<PAGE>

         (1) The amount of reductions in Class B Invested Amount
         pursuant to clauses (c), (d), and (e) of the definition of
         Class B Invested Amount                                           0.00
                                                                       --------

         (2) The amount of reductions in the Class B Invested Amount
         set forth in paragraph 1 above, per $1,000 original
         certificate principal amount                                      0.00
                                                                       --------

         (3) The total amount reimbursed in respect of such reductions
         in the Class B Invested Amount                                    0.00
                                                                       --------

         (4) The amount set forth in paragraph 3 above, per $1,000
         original certificate principal amount                             0.00
                                                                       --------

         (5) The amount, if any, by which the outstanding principal
         balance of the Class B Certificates exceeds the Class B
         Invested Amount after giving effect to all transactions on
         such Distribution Date                                            0.00
                                                                       --------

E)       Information regarding distributions in respect of the Class C
         Certificates, per $1,000 original certificate principal amount

         (1) The total amount of the distribution in respect of Class C
         Certificates, per $1,000 original certificate principal amount    6.12
                                                                       --------

         (2) The amount of the distribution set forth in paragraph 1
         above in respect of interest on the Class C Certificates, per
         $1,000 original certificate principal amount                      6.12
                                                                       --------

         (3) The amount of the distribution set forth in paragraph 1
         above in respect of principal of the Class C Certificates, per
         $1,000 original certificate principal amount                      0.00
                                                                       --------

F)       Amount of reductions in Class C Invested Amount pursuant to
         clauses (c), (d), and (e) of the definition of Class C
         Invested Amount

         (1) The amount of reductions in Class C Invested Amount
         pursuant to clauses (c), (d), and (e) of the definition of
         Class C Invested Amount                                           0.00
                                                                       --------

         (2) The amount of reductions in the Class C Invested Amount
         set forth in paragraph 1 above, per $1,000 original
         certificate principal amount                                      0.00
                                                                       --------

         (3) The total amount reimbursed in respect of such reductions
         in the Class C Invested Amount                                    0.00
                                                                       --------

         (4) The amount set forth in paragraph 3 above, per $1,000
         original certificate principal amount                             0.00
                                                                       --------

         (5) The amount, if any, by which the outstanding principal
         balance of the Class C Certificates exceeds the Class C
         Invested Amount after giving effect to all transactions on
         such Distribution Date                                            0.00
                                                                       --------

                          Green Tree Financial Corporation, as Servicer

                          By: /s/ Timothy R. Jacobson
                              ----------------------------------------------
                              Name:  Timothy R. Jacobson
                              Title: Vice President and Assistant Treasurer
<PAGE>

<TABLE>
<CAPTION>
<S>                                                              <C>                           <C>
RECEIVABLES  ---

Beginning of the Month Principal Receivables:                                                    2,173,405,618.97
Removed Principal Receivables:                                                                               0.00
Additional Principal Receivables:                                                                   14,317,919.92
End of the Month Principal Receivables:                                                          2,054,755,777.54
End of the Month Total Receivables:                                                              2,054,755,777.54

Excess Funding Account Balance                                                                     $43,131,541.32
Aggregate Invested Amount (all Master Trust Series)                                              1,836,766,000.00

End of the Month Transferor Amount                                                                  22,345,596.73

DELINQUENCIES AND LOSSES ---
                                                                                                    RECEIVABLES
End of the Month Delinquencies:
   30-60 Days Delinquent                                                                             2,252,571.64
   61-90 Days Delinquent                                                                               732,192.24
   90+ Days Delinquent                                                                               1,183,940.77

   Total 30+ Days Delinquent                                                                         4,168,704.65


Defaulted Accounts During the Month                                                                    142,108.41


INVESTED AMOUNTS ---

Class A Initial Invested Amount                                        440,000,000.00
Class B Initial Invested Amount                                         22,500,000.00
Class C Initial Invested Amount                                         21,250,000.00
Class D Initial Invested Amount                                         24,921,000.00
INITIAL INVESTED AMOUNT                                                                            508,671,000.00

Class A Adjusted Invested Amount                                       440,000,000.00
Class B Adjusted Invested Amount                                        22,500,000.00
Class C Adjusted Invested Amount                                        21,250,000.00
Class D Adjusted Invested Amount                                        74,889,918.23
ADJUSTED INVESTED AMOUNT                                                                           558,639,918.23

MONTHLY SERVICING FEE                                                                                  931,066.53

INVESTOR DEFAULT AMOUNT                                                                                 37,562.68


SERIES 1998-2 INFORMATION

SERIES 1998-2 ALLOCATION PERCENTAGE                                                                        25.65%
SERIES 1998-2 ALLOCABLE FINANCE CHARGE                                                               4,752,258.26
SERIES 1998-2 UNREIMBURSED CHARGE-OFFS                                                                       0.00
SERIES 1998-2 ALLOCABLE DEFAULTED AMOUNT                                                                36,454.52
SERIES 1998-2 MONTHLY FEES                                                                             931,066.53
SERIES 1998-2 ALLOCABLE PRINCIPAL COLLECTIONS                                                      135,709,841.91
SERIES 1998-2 REQUIRED TRANSFEROR AMOUNT                                                            22,345,596.73
FLOATING ALLOCATION PERCENTAGE                                                                             25.20%

INVESTOR FINANCE CHARGE COLLECTIONS                                                                  4,797,648.83
INVESTOR DEFAULT AMOUNT                                                                                 37,562.68
PRINCIPAL ALLOCATION PERCENTAGE                                                                            25.20%
AVAILABLE PRINCIPAL COLLECTIONS                                                                    125,607,293.23

CLASS A FLOATING ALLOCATION                                                                                19.85%
CLASS A REQUIRED AMOUNT                                                                                      0.00

CLASS B FLOATING ALLOCATION                                                                                 1.02%
CLASS B REQUIRED AMOUNT                                                                                      0.00

CLASS C FLOATING ALLOCATION                                                                                 0.96%

</TABLE>
<PAGE>

<TABLE>
<CAPTION>
<S>                                                              <C>                           <C>
CLASS D FLOATING ALLOCATION                                                                                 3.38%

TOTAL EXCESS SPREAD                                                                                  2,051,187.34

YIELD AND BASE RATE---

Base Rate (Current Month)                                                       8.40%
Base Rate (Prior Month)                                                         8.29%
Base Rate (Two Months Ago)                                                      7.92%
THREE MONTH AVERAGE BASE RATE                                                                               8.20%

Series Adjusted Portfolio Yield (Current Month)                                10.23%
Series Adjusted Portfolio Yield (Prior Month)                                   9.52%
Series Adjusted Portfolio Yield (Two Months Ago)                                9.15%
THREE MONTH AVERAGE SERIES ADJUSTED PORTFOLIO                                                               9.63%
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                                                               19.85%
   Class A Principal Collections                                        99,252,932.10

CLASS B PRINCIPAL PERCENTAGE                                                                                1.02%
   Class B Principal Collections                                         5,075,434.03

CLASS C PRINCIPAL PERCENTAGE                                                                                0.96%
   Class C Principal Collections                                         4,793,465.47

CLASS D PRINCIPAL PERCENTAGE                                                                                3.38%
   Class D Principal Collections                                        16,485,461.63

AVAILABLE PRINCIPAL COLLECTIONS                                        125,607,293.23

REALLOCATED PRINCIPAL COLLECTIONS                                                                           $0.00

SERIES 1998-2 PRINCIPAL SHORTFALL                                                                           $0.00

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                                                           $0.00
PRINCIPAL SHARING SERIES

ACCUMULATION ---

Controlled Accumulation Amount                                                  $0.00
Deficit Controlled Accumulation Amount                                          $0.00
CONTROLLED DEPOSIT AMOUNT                                                                                   $0.00

PRINCIPAL FUNDING ACCOUNT BALANCE                                                                           $0.00

SHARED PRINCIPAL COLLECTIONS ELIGIBLE FOR OTHER                                                   $125,644,855.92
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                                                                $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                                                          $0.00
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS C INVESTED AMOUNT (OTHER                                                                $0.00
THAN BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS D INVESTED AMOUNT (OTHER                                                                $0.00
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                                                                     $0.00
PREVIOUS CLASS B INVESTED AMOUNT REDUCTIONS REIMBURSED                                                      $0.00
PREVIOUS CLASS C INVESTED AMOUNT REDUCTIONS REIMBURSED                                                      $0.00
PREVIOUS CLASS D INVESTED AMOUNT REDUCTIONS REIMBURSED                                                      $0.00
</TABLE>

                          Green Tree Financial Corporation, as Servicer

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


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