GREENPOINT CREDIT LLC
8-K, 2000-12-20
ASSET-BACKED SECURITIES
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                      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): December 19, 2000


                            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)


                                   333-46102
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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)
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Item 1.   CHANGES IN CONTROL OF REGISTRANT.

          Not applicable.

Item 2.   ACQUISITION OR DISPOSITION OF ASSETS.

          Not applicable.

Item 3.   BANKRUPTCY OR RECEIVERSHIP.

          Not applicable.

Item 4.   CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

          Not applicable.

Item 5.   OTHER EVENTS

          FILING OF OPINION AND CONSENT OF COUNSEL, CONSENT OF ACCOUNTANTS AND
          CERTAIN COMPUTATIONAL MATERIALS.*

          In connection with the offering of GreenPoint Credit Manufactured
Housing Contract Trust Pass-Through Certificates, Series 2000-7 (the "Publicly
Offered Certificates"), Orrick, Herrington & Sutcliffe LLP ("Orrick") will
deliver its opinion relating to certain tax matters and which contains Orrick's
consent to use of their name in the Prospectus Supplement, dated December 18,
2000 (the "Prospectus Supplement," and together with the related Prospectus,
dated December 6, 2000, the "Prospectus"), of the Registrant relating to the
Publicly Offered Certificates and filed pursuant to Rule 424(b).  The opinion of
Orrick is attached hereto as Exhibit 8.1.

          PricewaterhouseCoopers LLP has consented to the use of their name in
the "Experts" section of the Prospectus Supplement.  The consent of
PricewaterhouseCoopers LLP is attached hereto as Exhibit 23.1.

          Credit Suisse First Boston Corporation, as the underwriter of the
Publicly Offered Certificates, has prepared certain materials (the "External
Computational Materials") for distribution to potential investors in the
offering of the Publicly Offered Certificates.  For purposes of this Form 8-K,
External Computational Materials shall mean computer generated materials of
charts displaying, with respect to the Publicly Offered Certificates, any of the
following: yield, average life, duration, expected maturity, interest rate
sensitivity, loss sensitivity, cash flow characteristics, background information
regarding the loans, the proposed structure, decrement tables, or similar
information (tabular or otherwise) of a statistical mathematical, tabular or
computational nature.  Certain of the External Computational Materials prepared
by Credit Suisse First Boston Corporation are attached hereto as Exhibit 99.1.



*  Terms used herein without definition shall have the meanings assigned to them
   in the Prospectus.
<PAGE>

Item 6.    RESIGNATIONS OF REGISTRANT'S DIRECTORS.

           Not applicable.

Item 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

           (a)  Not applicable.

           (b)  Not applicable.

           (c)  Exhibit Numbers:

           The following are filed herewith. The exhibit numbers correspond with
Item 601(b) of Regulation S-K.

     8.1.  Opinion of Orrick, Herrington & Sutcliffe LLP with respect to tax
           matters.

     23.1  Consent of PricewaterhouseCoopers LLP.

     99.1  External Computational Materials prepared by Credit Suisse First
           Boston Corporation
<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.

                              GREENPOINT CREDIT, LLC

                              By: /s/ Charles O. Ryan
                                 ------------------------------
                                 Name:  Charles O. Ryan
                                 Title: Vice President

                              Dated: December 19, 2000
                                     San Diego, California
<PAGE>

                                 EXHIBIT INDEX

Exhibit Numbers
---------------
     8.1.        Opinion of Orrick, Herrington & Sutcliffe LLP with respect to
                 tax matters.

     23.1        Consent of PricewaterhouseCoopers LLP.

     99.1        External Computational Materials prepared by Credit Suisse
                 First Boston Corporation


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