|
|
|
|
|
|
|
|
|
|
|
|
|
<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): July 31, 1999
GREENPOINT CREDIT CORP.
- --------------------------------------------------------------------------------
(exact name of registrant as specified in charter)
DELAWARE
- --------------------------------------------------------------------------------
(state or other jurisdiction of incorporation)
333-59731
- --------------------------------------------------------------------------------
(commission file number)
13-4002891
- --------------------------------------------------------------------------------
(I.R.S. employer identification number)
10089 WILLOW CREEK ROAD
SAN DIEGO, CALIFORNIA 92131
(619) 530-9394
- --------------------------------------------------------------------------------
(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
* 1. Underwriting Agreement, dated November 17, 1998, between
Greenpoint Credit Corp., as Contract Seller and Credit
Suisse First Boston, as the representative of the several
Underwriters
* 4. Pooling and Servicing Agreement, dated as of November 1,
1998, 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 November 30, 1998 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: August 27, 1999
San Diego, California
<PAGE>
EXHIBIT 99
GREENPOINT MANUFACTURED HOUSING CONTRACT TRUST
PASS THROUGH CERTIFICATES
SERIES 1998-1
MONTHLY REPORT--COMBINED
Determination Date: 11-Aug-99
Remittance Date: 16-Aug-99
Month End Date: 31-Jul-99
- -------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C>
(a) Class I A Distribution Amount 5,546,136.39
(b) Class I A Distribution Principal 3,047,963.59
Scheduled Payments of Principal 601,925.76
Partial Prepayments 267,557.91
Scheduled Principal Balance Principal 1,027,879.46
Prepayment in Full
Scheduled Principal Balance Liquidated 1,150,600.46
Contracts
Scheduled Principal Balance Repurchases 0.00
(c) Class I A Interest Distribution 2,498,172.80
Class I A Interest Shortfall 0.00
(d) Class I A Remaining Certificate Balance 448,769,271.50
Class II A Remaining Certificate Balance 230,264,677.48
(e) Class II A Distribution Amount 4,057,665.90
(f) Class II A Distribution Principal 2,866,108.55
Scheduled Payments of Principal 230,308.15
Partial Prepayments 105,441.02
Scheduled Principal Balance Principal 1,818,686.16
Prepayment in Full
Scheduled Principal Balance Liquidated 711,673.22
Contracts
Scheduled Principal Balance Repurchases 0.00
(g) Class II A Interest Distribution 1,191,557.35
Class II A Interest Shortfall 0.00
(h) Class I A Pass Through Rate 6.635000%
Class II A Pass Through Rate 5.750000%
(i) Monthly Servicing Fee Class I A 376,514.36
Monthly Servicing Fee Class II A 194,275.66
(j) Delinquency # of Contracts Prin. Balance
------------------------------------------------------------
a) One Monthly Payment Delinquent 238 8,247,979.12
b) Two Monthly Payments 68 2,548,937.61
c) Three or more Monthly Payments 71 3,239,369.00
---------------- ---------------------------
377 14,036,285.73
================ ===========================
(k) Repurchased Contracts Contract Number Repurchase Price Difference Paid by Seller
-------------------------------------------------------------
0.00 0.00
-------------------------------------------------------------
Total Repurchases 0.00 0.00
================ ===========================
(l) Repossessions or Foreclosures Number Actual Balance
---------------- ---------------------------
BOP Repossessions 150 $ 5,438,102.94
Plus Repossessions this Month 87 2,862,956.76
Less Liquidations (60) (1,955,332.59)
---------------- ---------------------------
EOP Repossessions 177 $ 6,345,727.11
================ ===========================
(m) Group I Enhancement Payment 0.00
Group II Enhancement Payment 0.00
(n) Monthly Advance Group I 30,453.28
Outstanding Amount Advanced Group I 30,453.28
Monthly Advance Group II 66,011.27
Outstanding Amount Advanced Group II 66,011.27
(o) Group I Deposit to Special Account/ (Group I Withdrawal from Special Account) 0.00
Group II Deposit to Special Account/ (Group II Withdrawal from Special Account) 0.00
(p) Amount Distributed to Class R Certificateholders 0.00
(q) Net Weighted Average Contract Rate Group I 9.45%
Net Weighted Average Contract Rate Group II 8.53%
(r) Group I Pool Principal Balance percentage 93.889879%
Group II Pool Principal Balance percentage 92.198506%
(s) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(t) Net Funds Carryover Amount paid to Class II A 0.00
Certificateholders
Net Funds Carryover Amount remaining 0.00
</TABLE>
|
|