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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): August 31, 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
BY: /s/ Charles O. Ryan
------------------------------
Name: Charles O. Ryan
Title: Vice President
Dated: September 17, 1999
San Diego, California
<PAGE>
EXHIBIT 99
GreenPoint Manufactured Housing Contract Trust
Pass Through Certificates
Series 1999-2
Investor Number 51999031
Determination Date: 10-Sep-99
Remittance Date A-1 15-Sep-99
Remittance Date A-2 20-Sep-99
Month End Date: 31-Aug-99
<TABLE>
<CAPTION>
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<S> <C> <C>
(a) Class A-1 Distribution 1,728,646.33
(b) Class A-1 Distribution Principal 1,334,001.85
Scheduled Payments of Principal 179,321.96
Partial Prepayments 16,642.82
Scheduled Principal Balance Principal Prepayment in Full 728,479.48
Scheduled Principal Balance Liquidated Contracts 409,557.59
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 394,644,48
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 81,620,976.15
(e) Class A-2 Distribution Amount 484,000.00
(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 484,000.00
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 5.708800%
Class A-2 Pass Through Rate 5.280000%
Class A-2 Holdover Amount 0.00
(j) Monthly Servicing Fee 152,462.48
(k) Delinquency # of Contracts Prin. Balance
-------------- ------------------
a) Loans 31 to 59 days delinquent 82 3,442,945.49
b) Loans 60 to 89 days delinquent 27 1,206,068.20
c) Loans delinquent 90 or more days 18 790,740.83
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127 5,439,754.52
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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
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BOP Repossessions 39 $ 1,439,319.16
Plus Repossessions this 17 602,569.77
Month
Less Liquidations (13) ($411,538.22)
--------- -----------------
EOP Repossessions 43 $ 1,630,350.71
========= ==================
(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 11,804.12
(q) Amount Distributed to Class R Certificateholders 0.00
(r) Net Weighted Average Contract Rate 8.64%
(s) Number of Manufactured Homes currently held due to repossession 43
Principal balance of Manufactured Homes currently held 1,630,350.71
(t) Pool Principal Balance Percentage 95.772746%
(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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