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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): September 30, 1999
GREENPOINT CREDIT, LLC
- --------------------------------------------------------------------------------
(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)
33-0862379
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(I.R.S. employer identification number)
10089 Willow Creek Road
San Diego, California 92131
(858) 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 February 1,
1999, between Greenpoint Credit, LLC, 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 1 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
BY: /s/ Charles O. Ryan
----------------------
Name: Charles O. Ryan
Title: Vice President
Dated: October 18, 1999
San Diego, California
<PAGE>
EXHIBIT 99
GreenPoint Manufactured Housing Contract Trust
Pass Through Certificates
Series 1999-1
Investor Number 51999021
Determination Date: 12-Oct-99
Remittance Date: 15-Oct-99
Month End Date: 30-Sep-99
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<TABLE>
<S> <C> <C>
(a) Class A-1 Distribution Amount 4,946,864.96
(b) Class A-1 Distribution Principal 4,366,547.94
Scheduled Payments of Principal 698,646.83
Partial Prepayments 191,796.51
Scheduled Principal Balance Principal Prepayment in Full 1,538,218.27
Scheduled Principal Balance Liquidated Contracts 1,937,886.33
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 580,317.02
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 116,114,493.69
(e) Class A-2 Distribution Amount 628,545.83
(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 628,545.83
Class A-2 Interest Shortfall 0.00
(h) Class A-2 Remaining Certificate Balance 125,500,000.00
(i) Class A-3 Distribution Amount 463,341.67
(j) Class A-3 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
(k) Class A-3 Interest Distribution 463,341.67
Class C-3 Interest Shortfall 0.00
(l) Class A-3 Remaining Certificate Balance 91,000,000.00
(m) Class A-4 Distribution Amount 400,625.00
(n) Class A-4 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
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
Scheduled Principal Balance Repurchases 0.00
(o) Class A-4 Interest Distribution 400,625.00
Class A-4 Interest Shortfall 0.00
(p) Class A-4 Remaining Certificate Balance 75,000,000.00
(q) Class A-5 Distribution Amount 1,109,485.74
(r) Class A-5 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
(s) Class A-5 Interest Distribution 1,109,485.74
Class A-5 Interest Shortfall 0.00
(t) Class A-5 Remaining Certificate Balance 196,659,215.00
(u) Class A-1 Pass Through Rate 5.780000%
Class A-2 Pass Through Rate 6.010000%
Class A-3 Pass Through Rate 6.110000%
Class A-4 Pass Through Rate 6.410000%
Class A-5 Pass Through Rate 6.770000%
(v) Monthly Servicing Fee 507,200.21
(w) Delinquency # of Contracts Prin. Balance
-------------- --------------
a) One Monthly Payment Delinquent 298 10,461,713.38
b) Two Monthly Payments 97 3,542,333.54
c) Three or more Monthly Payments 95 3,743,210.76
----------- ----------------
490 17,747,257.68
=========== ================
Difference
(x) Repurchased Contracts Contract Number Repurchase Price Paid by Seller
--------------- ---------------- --------------
0 0.00 0.00
----------- ----------------
Total Repurchases 0.00 0.00
=========== ================
(y) Repossessions or Foreclosures Number Actual Balance
------ --------------
BOP Repossessions 185 $ 6,403,059.07
Repossessions this Month 77 2,500,217.08
Less Liquidations (67) (1,957,794.94)
----------- ----------------
EOP Repossessions 195 $ 6,945,481.21
=========== ================
(z) Class A-1 Enhancement Payment 0.00
Class A-2 Enhancement Payment 0.00
Class A-3 Enhancement Payment 0.00
Class A-4 Enhancement Payment 0.00
Class A-5 Enhancement Payment 0.00
(aa) Monthly Advance 0.00
Outstanding Amount Advanced 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(bb) Deposit to Special Account/Distribution to Class R Certificateholders 0.00
(cc) Amount Distributed to Class R Certificateholders 0.00
(dd) Net Weighted Average Contract Rate 9.37%
(ee) Number of Manufactured Homes currently held due to repossession 0
Principal balance of Manufactured Homes currently held 6,945,481.21
(ff) Class A-1 Pool Principal Balance percentage 80.916023%
Class A-2 Pool Principal Balance percentage 100.000000%
Class A-3 Pool Principal Balance percentage 100.000000%
Class A-4 Pool Principal Balance percentage 100.000000%
Class A-5 Pool Principal Balance percentage 100.000000%
(gg) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
</TABLE>
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