|
|
|
|
|
|
|
|
|
|
Previous: GREENPOINT CREDIT LLC, 8-K, 2000-01-06 |
Next: LODGIAN INC, 4, 2000-01-06 |
<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): November 30, 1999
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: December 31, 1999
San Diego, California
<PAGE>
GreenPoint Manufactured Housing
Contract Trust
Pass Through Certificates
Series 1999-5
Investor Number 51999111
Determination Date: 10-Dec-99
Remittance Date A-1 15-Dec-99
Month End Date: 30-Nov-99
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(a) Class A-1 Distribution Amount 2,593,085.25
(b) Class A-1 Distribution Principal 1,957,460.25
Scheduled Payments of Principal 460,868.75
Partial Prepayments 40,883.60
Scheduled Principal Balance Principal Prepayment in Full 1,239,731.79
Scheduled Principal Balance Liquidated Contracts 16,959.23
Scheduled Principal Balance Repurchases 199,016.88
(c) Class A-1 Interest Distribution 635,625.00
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 111,042,539.75
(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
Scheduled Principal Balance Repurchases 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 Principal 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 Principal 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 450,000.00
(mm) Delinquency # of Contracts Prin. Balance
-------------- ------------------
a) Loans 31 to 59 days delinquent 89 3,225,977.78
b) Loans 60 to 89 days delinquent 20 782,721.70
c) Loans delinquent 90 or more days 0 0.00
-------------- ------------------
109 4,008,699.48
============== ==================
(nn) Repurchased Contracts Number Repurchase Price
-------------- ------------------
(see attached schedule) Total Repurchases 6 199,016.88
============== ==================
(oo) Repossessions or Foreclosures Number Actual Balance
-------------- ------------------
BOP Repossessions 0 0.00
Plus Repossessions
this Month 4 129,728.93
Less Liquidations (1) (17,018.56)
-------------- ------------------
EOP Repossessions 3 $ 112,710.37
============== ==================
(pp) Draw Amount 0.00
(qq) Monthly Advance 0.00
Outstanding Amount Advanced 0.00
(rr) Amount Distributed to Class R Certificateholders 238,106.18
(ss) Net Weighted Average Contract Rate 11.19%
(tt) Number of Manufactured Homes currently held due to repossession 3
Principal balance of Manufactured Homes currently held 112,710.37
(uu) Pool Principal Balance Percentage 99.637507%
(vv) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(ww) Certificate Interest 0.00
</TABLE>
|
|