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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): May 31, 1999
GREENPOINT CREDIT CORP.
- --------------------------------------------------------------------------------
(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: June 28 1999
San Diego, California
<PAGE>
Greenpoint Manufactured Housing Contract Trust
Pass Through
Certificates
Series 1999-3
MONTHLY REPORT - COMBINED
Determination Date: 10-Jun-99
Distribution Date 15-Jun-99
Class II A-2 Distribution Date 19-Jun-99
Month End Date: 31-May-99
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<TABLE>
<S> <C> <C>
(a) Class I A-1 Distribution Amount 3,182,976.76
(b) Class I A-1 Distribution Principal 2,776,884.75
Scheduled Payments of Principal 719,564.15
Partial Prepayments 580,794.97
Scheduled Principal Balance Principal Prepayment in Full 1,450,566.18
Scheduled Principal Balance Liquidated Contracts 25,959.45
Scheduled Principal Balance Repurchases 0.00
(c) Class I A-1 Interest Distribution 406,092.01
Class I A-1 Interest Shortfall 0.00
(d) Class I A-1 Remaining Certificate Balance 150,834,115.25
(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
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
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 809,352.07
(dd) Class II A-1 Distribution Principal 680,187.60
Scheduled Payments of Principal 79,717.68
Partial Prepayments 170,185.94
Scheduled Principal Balance Principal Prepayment in Full 430,283.98
Scheduled Principal Balance Liquidated Contracts 0.00
Scheduled Principal Balance Repurchases 0.00
(ee) Class II A-1 Interest Distribution 129,164.47
Class II A-1 Interest Shortfall 0.00
(ff) Class II A-1 Remaining Certificate Balance 47,025,986.40
(gg) Class II A-2 Distribution Amount 156,208.33
(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 156,208.33
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 5.009000%
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%
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C>
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 5.130000%
Class II A-2 Pass Through Rate 4.890000%
(ll) Monthly Servicing Fee
Group I A 593,659.57
Group II A 81,421.81
(mm) Delinquency # of Contracts Prin. Balance
---------------------------------------------------
a) One Monthly Payment Delinquent 23 961,245.13
b) Two Monthly Payments 6 274,317.61
c) Three or more Monthly Payments 0 0.00
------------ -------------------------
29 1,235,562.74
============ =========================
(nn) Repurchased Contracts Contract Number Repurchase Price Difference Paid by Seller
---------------------------------------------------
0.00 0.00
------------ -------------------------
Total Repurchases 0.00 0.00
============ =========================
(oo) Repossessions or Foreclosures Number Actual Balance
------------ -------------------------
BOP Repossessions 0 $ 0.00
Plus Repossessions this 13 351,210.74
Month
Less Liquidations (1) (26,037.72)
------------ -------------------------
EOP Repossessions 12 $325,173.02
============ =========================
(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 773,707.96
(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 99.610202%
Pool Principal Balance percentage Group II A 99.303844%
(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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