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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D C 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event report): June 30, 1999
GREENPOINT CREDIT CORP.
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(exact name of registrant as specified in charter)
DELAWARE
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(state or other jurisdiction of incorporation)
333-59731
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(commission file number)
13-4002891
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(I.R.S. employer identification number)
10089 Willow Creek Road
San Diego, California 92131
(619) 530-9394
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(address and telephone number of registrant's principal executive offices)
<PAGE>
Item 5. Other Events
(a) Monthly Report
The following are filed herewith. The exhibit numbers correspond with Item
601 (b) of Regulation S-K.
Exhibit No. Description
* 4. Pooling and Servicing Agreement, dated as of
March 1, 1999, between Greenpoint Credit
Corp., as Contract Seller and Servicer and
The First National Bank of Chicago as
Trustee.
99. Monthly Investor Servicing Report.
* Filed previously with the commission on March 26 1999 as an exhibit
to a report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants duly caused this report to be signed on their behalf by the
undersigned thereunto duly authorized.
GREENPOINT CREDIT CORP.
BY: /s/ Charles O. Ryan
-----------------------------------
Name: Charles O. Ryan
Title: Senior Vice President
Dated: July 29 1999
San Diego, California
<PAGE>
GreenPoint Manufactured Housing
Contract Trust
Pass Through Certificates
Series 1999-2
Investor Number 51999031
Determination Date: 12-Jul-99
Remittance Date A-1 15-Jul-99
Remittance Date A-2 19-Jul-99
Month End Date: 30-Jun-99
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
(a) Class A-1 Distribution Amount 1,717,425.15
(b) Class A-1 Distribution Principal 1,345,827.68
Scheduled Payments of Principal 181,792.40
Partial Prepayments 26,764.84
Scheduled Principal Balance Principal Prepayment in Full 813,050.41
Scheduled Principal Balance Liquidated Contracts 324,220.03
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 371,597.47
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 84,283,930.18
(e) Class A-2 Distribution Amount 437,444.44
(f) Class A-2 Distribution Principal 0.00
Scheduled Payments of Principal 0.00
Partial Prepayments 0.00
Scheduled Principal Balance Principal Prepayment in Full 0.00
Scheduled Principal Balance Liquidated Contracts 0.00
Scheduled Principal Balance Repurchases 0.00
(g) Class A-2 Interest Distribution 437,444.44
Class A-2 Interest Shortfall 0.00
(h) Class A-2 Remaining Certificate Balance 100,000,000.00
(i) Class A-1 Pass Through Rate 5.207500%
Class A-2 Pass Through Rate 5.080000%
Class A-2 Holdover Amount 0.00
(j) Monthly Servicing Fee 154,691.46
(k) Delinquency # of Contracts Prin. Balance
-------------- -----------------
a) Loans 31 to 59 days delinquent 48 1,836,763.32
b) Loans 60 to 89 days delinquent 22 917,381.42
c) Loans delinquent 90 or more days 5 213,131.93
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75 2,967,276.67
========== =================
Difference
(l) Repurchased Contracts Contract Number Repurchase Price Paid by Seller
--------------- ---------------- -----------------
0 0.00 0.00
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Total Repurchases 0.00 0.00
========== =================
(m) Repossessions or Foreclosures Number Actual Balance
---------- ----------------
BOP Repossessions 19 $689,733.98
Plus Repossessions 13 499,167.06
this Month
Less Liquidations -8 ($327,241.62)
---------- -----------------
EOP Repossessions 24 $861,659.42
========== =================
(n) Enhancement Payment 0.00
(o) Monthly Advance 0.00
Outstanding Amount Advanced 0.00
(p) Deposit to Special Account 207,630.28
(q) Amount Distributed to Class R Certificateholders 0.00
(r) Net Weighted Average Contract Rate 8.62%
(s) Number of Manufactured Homes currently held due to repossession 24
Principal balance of Manufactured Homes currently held 861,659.42
(t) Pool Principal Balance Percentage 97.176980%
(u) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(v) Additional Items
(w) Class A-1 Net Funds Carryover Amount 0.00
Class A-2 Net Funds Carryover Amount 0.00
</TABLE>
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