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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 May 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 May 21 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 1999-3
MONTHLY REPORT - COMBINED
Determination Date: 12-Jul-99
Distribution Date 15-Jul-99
Class II A-2 Distribution Date 19-Jul-99
Month End Date: 30-Jun-99
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(a) Class I A-1 Distribution Amount 3,391,630.99
(b) Class I A-1 Distribution Principal 2,753,351.29
Scheduled Payments of Principal 722,841.14
Partial Prepayments 208,217.85
Scheduled Principal Balance Principal Prepayment in Full 1,646,559.55
Scheduled Principal Balance Liquidated Contracts 123,743.86
Scheduled Principal Balance Repurchases 51,988.89
(c) Class I A-1 Interest Distribution 638,279.70
Class I A-1 Interest Shortfall 0.00
(d) Class I A-1 Remaining Certificate Balance 148,080,763.96
(e) Class I A-2 Distribution Amount 136,585.12
(f) Class I 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 I A-2 Interest Distribution 136,585.12
Class I A-2 Interest Shortfall 0.00
(h) Class I A-2 Remaining Certificate Balance 27,002,000.00
(i) Class I A-3 Distribution Amount 497,017.92
(j) Class I 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 I A-3 Interest Distribution 497,017.92
Class I A-3 Interest Shortfall 0.00
(l) Class I A-3 Remaining Certificate Balance 95,275,000.00
(m) Class I A-4 Distribution Amount 749,818.13
(n) Class I 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
Scheduled Principal Balance Repurchases 0.00
(o) Class I A-4 Interest Distribution 749,818.13
Class I A-4 Interest Shortfall 0.00
(p) Class I A-4 Remaining Certificate Balance 137,792,000.00
(q) Class I A-5 Distribution Amount 650,708.33
(r) Class I 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 I A-5 Interest Distribution 650,708.33
Class I A-5 Interest Shortfall 0.00
(t) Class I A-5 Remaining Certificate Balance 115,000,000.00
(u) Class I A-6 Distribution Amount 249,041.67
(v) Class I A-6 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
(w) Class I A-6 Interest Distribution 249,041.67
Class I A-6 Interest Shortfall 0.00
(x) Class I A-6 Remaining Certificate Balance 43,000,000.00
(y) Class I A-7 Distribution Amount 852,477.07
(z) Class I A-7 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
(aa) Class I A-7 Interest Distribution 852,477.07
Class I A-7 Interest Shortfall 0.00
(bb) Class I A-7 Remaining Certificate Balance 140,711,484.00
(cc) Class II A-1 Distribution Amount 1,159,045.14
(dd) Class II A-1 Distribution Principal 955,265.87
Scheduled Payments of Principal 80,832.77
Partial Prepayments 27,978.42
Scheduled Principal Balance Principal Prepayment in Full 760,748.24
Scheduled Principal Balance Liquidated Contracts 0.00
Scheduled Principal Balance Repurchases 85,706.44
(ee) Class II A-1 Interest Distribution 203,779.27
Class II A-1 Interest Shortfall 0.00
(ff) Class II A-1 Remaining Certificate Balance 46,070,720.53
(gg) Class II A-2 Distribution Amount 196,388.89
(hh) Class II 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
(ii) Class II A-2 Interest Distribution 196,388.89
Class II A-2 Interest Shortfall 0.00
(jj) Class II A-2 Remaining Certificate Balance 50,000,000.00
(kk) Class I A-1 Pass Through Rate 5.078000%
Class I A-2 Pass Through Rate 6.070000%
Class I A-3 Pass Through Rate 6.260000%
Class I A-4 Pass Through Rate 6.530000%
Class I A-5 Pass Through Rate 6.790000%
Class I A-6 Pass Through Rate 6.950000%
Class I A-7 Pass Through Rate 7.270000%
Class II A-1 Pass Through Rate 5.200000%
Class II A-2 Pass Through Rate 5.050000%
(ll) Monthly Servicing Fee
Group I A 591,345.50
Group II A 80,854.99
(mm) Delinquency # of Contracts Prin. Balance
-------------------- ---------------------------
a) One Monthly Payment Delinquent 209 7,464,860.84
b) Two Monthly Payments 44 1,493,953.94
c) Three or more Monthly Payments 7 294,352.49
-------------------- ---------------------------
260 9,253,167.27
==================== ===========================
(nn) Repurchased Contracts Contract Number Repurchase Price Difference Paid by Seller
-------------------- ---------------------------
2 137,695.33
-------------------- ---------------------------
Total Repurchases 2 137,695.33
==================== ===========================
(oo) Repossessions or Foreclosures Number Actual Balance
-------------------- ---------------------------
BOP 12 $ 325,173.02
Repossessions
Plus 22 838,801.66
Repossessions
this Month
Less Liquidations (6) (125,186.58)
-------------------- ---------------------------
EOP 28 $ 1,038,788.10
Repossessions
==================== ===========================
(pp) Enhancement Payments
Group I A Certificates 0.00
Group II A Certificates 0.00
(qq) Monthly Advance Group I A 0.00
Outstanding Amount Advanced Group I A 0.00
Monthly Advance Group II A 0.00
Outstanding Amount Advanced Group II A 0.00
(rr) Deposit to Special Account Group I A 0.00
Deposit to Special Account Group II A 0.00
(ss) Amount Distributed to Class R Certificateholders 1,333,001.23
(tt) Net Weighted Average Contract Rate Group I A 9.74%
Net Weighted Average Contract Rate Group II A 9.38%
(uu) Units in Delinquency Collection 0.00
Principal Balance of default collections 0.00
(vv) Pool Principal Balance percentage Group I A 99.223708%
Pool Principal Balance percentage Group II A 98.326151%
(ww) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(xx) Net Funds Cap Carryover Amount paid to the Class I A-1 Certificateholders 0.00
Net Funds Cap Carryover Amount paid to the Class II A-2 Certificateholders 0.00
(zz) Amount on Deposit in Class I A-1 Hold Account 5,000.00
</TABLE>
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