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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 September 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 September 30 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 1999-4
Investor Number 51999091
Determination Date: 12-Oct-99
Remittance Date A-1 15-Oct-99
Remittance Date A-2 20-Oct-99
Month End Date: 30-Sep-99
<TABLE>
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<S> <C> <C> <C>
(a) Class A-1 Distribution Amount 1,366,307.00
(b) Class A-1 Distribution Principal 1,248,217.27
Scheduled Payments of Principal 79,104.89
Partial Prepayments 213,628.28
Scheduled Principal Balance Principal Prepayment in Full 898,365.74
Scheduled Principal Balance Liquidated Contracts 0.00
Scheduled Principal Balance Repurchases 57,118.36
(c) Class A-1 Interest Distribution 118,089.73
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 48,736,853.73
(e) Class A-2 Distribution Amount 152,777.78
(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 152,777.78
Class A-2 Interest Shortfall 0.00
(h) Class A-2 Remaining Certificate Balance 50,000,000.00
(i) Class A-1 Pass Through Rate 5.670000%
Class A-2 Pass Through Rate 5.500000%
Class A-2 Holdover Amount 0.00
(j) Monthly Servicing Fee 83,320.89
(k) Delinquency # of Contracts Prin. Balance
-------------- ------------------
a) Loans 31 to 59 days delinquent 26 992,406.97
b) Loans 60 to 89 days delinquent 2 71,096.09
c) Loans delinquent 90 or more days 0 0.00
----------- -----------------
28 1,063,503.06
=========== =================
(l) Repurchased Contracts Number Repurchase Price
----------- -----------------
(see attached schedule) Total Repurchases 1 57,118.36
=========== =================
(m) Repossessions or Foreclosures Number Actual Balance
----------- -----------------
BOP Repossessions 0 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
Repossessions this Month 3 126,361.11
Less Liquidations 0 $ 0.00
----------- ------------------
EOP Repossessions 3 $ 126,361.11
=========== ==================
(n) Enhancement Payment 0.00
(o) Monthly Advance 0.00
Outstanding Amount Advanced 0.00
(p) Deposit to Special Account/Distribution to Class R Certificateholders 303,586.18
(q) Amount Distributed to Class R Certificateholders 0.00
(r) Net Weighted Average Contract Rate 9.83%
(s) Number of Manufactured Homes currently held due to repossession 3
Principal balance of Manufactured Homes currently held 126,361.11
(t) Pool Principal Balance Percentage 98.751596%
(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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