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Previous: GREENPOINT CREDIT LLC, 8-K, 2000-03-28 |
Next: MASSACHUSETTS FINCORP INC, DEFA14A, 2000-03-28 |
<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): January 31, 2000
GREENPOINT CREDIT, LLC
- --------------------------------------------------------------------------------
(exact name of registrant as specified in charter)
DELAWARE
- --------------------------------------------------------------------------------
(state or other jurisdiction of incorporation)
333-59731
- --------------------------------------------------------------------------------
(commission file number)
33-0862379
- --------------------------------------------------------------------------------
(I..R.S. employer identification number)
10089 WILLOW CREEK ROAD
SAN DIEGO, CALIFORNIA 92131
(858) 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
---------- -----------
* 4. Pooling and Servicing Agreement, dated as of November
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 November 30 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: March 27, 2000
San Diego, California
<PAGE>
GREENPOINT MANUFACTURED HOUSING CONTRACT TRUST
PASS THROUGH
CERTIFICATES
SERIES 1999-5
INVESTOR NUMBER 51999111
<TABLE>
<CAPTION>
Determination Date: 10-Mar-00
Remittance Date A-1 15-Mar-00
Month End Date: 29-Feb-00
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<S> <C> <C> <C>
(a) Class A-1 Distribution Amount 3,169,611.52
(b) Class A-1 Distribution Principal 2,570,106.02
Scheduled Payments of Principal 468,770.67
Partial Prepayments 379,369.69
Scheduled Principal Balance Principal Prepayment in Full 1,290,411.39
Scheduled Principal Balance Liquidated Contracts 431,554.27
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 599,505.50
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 104,008,648.71
(e) Class A-2 Distribution Amount 660,800.00
(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
(g) Class A-2 Interest Distribution 660,800.00
Class A-2 Interest Shortfall 0.00
(h) Class A-2 Remaining Certificate Balance 112,000,000.00
(i) Class A-3 Distribution Amount 244,333.33
(j) Class 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 A-3 Interest Distribution 244,333.33
Class A-3 Interest Shortfall 0.00
(l) Class A-3 Remaining Certificate Balance 40,000,000.00
(m) Class A-4 Distribution Amount 834,900.00
(n) Class 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 A-4 Interest Distribution 834,900.00
Class A-4 Interest Shortfall 0.00
(p) Class A-4 Remaining Certificate Balance 132,000,000.00
(q) Class A-5 Distribution Amount 157,703.33
(r) Class A-5 Distribution Principal 0.00
Scheduled Payments of Principal 0.00
Partial Prepayments 0.00
Scheduled Principal Balance Princal Prepayment in Full 0.00
Scheduled Principal Balance Liquidated Contracts 0.00
Scheduled Principal Balance Repurchases 0.00
(s) Class A-5 Interest Distribution 157,703.33
Class A-5 Interest Shortfall 0.00
(t) Class A-5 Remaining Certificate Balance 24,200,000.00
(u) Class M-1A Distribution Amount 192,283.33
(v) Class M-1A Distribution Principal 0.00
Scheduled Payments of Principal 0.00
Partial Prepayments 0.00
Scheduled Principal Balance Prepayment in Full 0.00
Scheduled Principal Balance Liquidated Contracts 0.00
Scheduled Principal Balance Repurchases 0.00
(w) Class M-1A Interest Distribution 192,283.33
Class M-1A Interest Shortfall 0.00
(x) Class M-1A Remaining Certificate Balance 27,800,000.00
(y) Class M-1B Distribution Amount 69,083.33
(z) Class M-1B 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 M-1B Interest Distribution 69,083.33
Class M-1B Interest Shortfall 0.00
(bb) Class M-1B Remaining Certificate Balance 10,000,000.00
(cc) Class M-2 Distribution Amount 290,745.00
(dd) Class M-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
(ee) Class M-2 Interest Distribution 290,745.00
Class M-2 Interest Shortfall 0.00
(ff) Class M-2 Remaining Certificate Balance 37,800,000.00
(gg) Class B Distribution Amount 356,400.00
(hh) Class B 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 B Interest Distribution 356,400.00
Class B Interest Shortfall 0.00
(jj) Class B Remaining Certificate Balance 43,200,000.00
(kk) Class A-1 Pass Through Rate 6.750000%
Class A-2 Pass Through Rate 7.080000%
Class A-3 Pass Through Rate 7.330000%
Class A-4 Pass Through Rate 7.590000%
Class A-5 Pass Through Rate 7.820000%
Class M-1A Pass Through Rate 8.300000%
Class M-1B Pass Through Rate 8.290000%
Class M-2 Pass Through Rate 9.230000%
Class B Pass Through Rate 9.900000%
(ll) Monthly Servicing Fee 444,648.96
(mm) Delinquency # of Contracts Prin. Balance
-------------- ----------------
a) Loans 31 to 59 days delinquent 209 7,652,481.84
b) Loans 60 to 89 days delinquent 74 2,921,005.38
c) Loans delinquent 90 or more days 28 1,073,650.90
-------------- ----------------
311 11,647,138.12
============== ================
(nn) Repurchased Contracts Number Repurchase Price
(see attached schedule) -------------- ----------------
Total Repurchases 0 0.00
============== ================
(oo) Repossessions or Foreclosures Number Actual Balance
-------------- ----------------
BOP Repossessions 55 1,942,252.22
Plus Repossessions 54 1,839,830.84
this Month
Less Liquidations (15) (433,586.91)
-------------- ----------------
EOP Repossessions 94 $ 3,348,496.15
============== ================
(pp) Draw Amount 0.00
(qq) Monthly Advance 0.00
Outstanding Amount Advanced 0.00
(rr) Amount Distributed to Class R Certificateholders 879,394.57
(ss) Net Weighted Average Contract Rate 11.19%
(tt) Number of Manufactured Homes currently held due to repossession 94
Principal balance of Manufactured Homes currently held 3,348,496.15
(uu) Pool Principal Balance Percentage 98.334935%
(vv) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(ww) Certificate Interest 30,681.51
</TABLE>
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