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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 31, 1999
GREENPOINT CREDIT, LLC
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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)
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 March 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 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: December 2, 1999
San Diego, California
<PAGE>
EXHIBIT 99
GREENPOINT MANUFACTURED HOUSING CONTRACT TRUST
PASS THROUGH CERTIFICATES
SERIES 1999-2
INVESTOR NUMBER 51999031
Determination Date: 10-Dec-99
Remittance Date A-1 15-Dec-99
Remittance Date A-2 20-Dec-99
Month End Date: 30-Nov-99
<TABLE>
<CAPTION>
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<S> <C> <C>
(a) Class A-1 Distribution Amount 2,413,674.38
(b) Class A-1 Distribution Principal 3,761,801.44
Scheduled Payments of Principal 694,963.35
Partial Prepayments 0.00
Scheduled Principal Balance Principal Prepayment in Full 1,220,517.39
Scheduled Principal Balance Liquidated Contracts 1,846,320.70
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 539,585.51
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 108,262,871.96
(e) Class A-2 Distribution Amount 465,861.11
(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-1 Pass Through Rate 5.626300%
Class A-2 Pass Through Rate 5.410000%
Class A-2 Holdover Amount 0.00
(j) Monthly Servicing Fee 500,153.24
(k) Delinquency # of Contracts Prin. Balance
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a) Loans 31 to 59 days delinquent 74 3,093,487.76
b) Loans 60 to 89 days delinquent 22 816,925.40
c) Loans delinquent 90 or more days 44 1,984,038.07
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140 5,894,451.23
============== ==============
(l) Repurchased Contracts Repurchase
Number Price
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(see attached schedule) Total Repurchases 1 58,239.77
============== ==============
(m) Repossessions or Foreclosures Number Actual Balance
-------------- --------------
BOP Repossessions 219 $ 8,015,707.27
Plus Repossessions
this Month 18 717,750.30
Less Liquidations (11) ($377,044.66)
-------------- --------------
EOP Repossessions 226 $ 8,356,412.91
============== ==============
(n) Enhancement Payment 0.00
(o) Monthly Advance (23,671.34)
Outstanding Amount Advanced 0.00
(p) Deposit to Special Account/Distribution to Class R Certificateholders 67,774.79
(q) Amount Distributed to Class R Certificateholders 0.00
(r) Net Weighted Average Contract Rate 9.37%
(s) Number of Manufactured Homes currently held due to repossession 0
Principal balance of Manufactured Homes currently held 1,958,743.62
(t) Pool Principal Balance Percentage 93.971139%
(u) Aggregate Deficiency Amounts 500.00
Servicer Deficiency Amounts received 175.00
(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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