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Previous: EBAY INC, 8-K, 2000-05-25 |
Next: GREENPOINT CREDIT LLC, 8-K, 2000-05-25 |
<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): March 31, 2000
GREENPOINT CREDIT, LLC
- --------------------------------------------------------------------------------
(exact name of registrant as specified in charter)
DELAWARE
- --------------------------------------------------------------------------------
(state or other jurisdiction of incorporation)
333-80437
- --------------------------------------------------------------------------------
(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 March 13,
2000, between Greenpoint Credit, LLC, as Contract
Seller and Servicer and The First National Bank of
Chicago as Trustee.
99. Monthly Investor Servicing Report.
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: May 25, 2000
San Diego, California
<PAGE>
EXHIBIT 99
GREENPOINT MANUFACTURED HOUSING CONTRACT TRUST
PASS THROUGH CERTIFICATES
SERIES 2000-1
INVESTOR NUMBER 52000031
Determination Date: 12-Apr-00
Remittance Date: 17-Apr-00
Month End Date: 31-Mar-00
<TABLE>
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<S> <C> <C> <C>
(a) Class A-1 Distribution Amount 1,951,176.10
(b) Class A-1 Distribution Principal 4,935,231.47
Scheduled Payments of Principal 693,387.15
Prepayments Scheduled 309,799.04
Principal Balance Principal Prepayment in Full 1,607,418.79
Scheduled Principal Balance Liquidated Contracts 2,324,626.49
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 447,446.47
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 87,960,229.16
(e) Class A-2 Distribution Amount 471,073.33
(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-3 Distribution Amount 99,125.00
(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 463,341.67
Class A-3 Interest Shortfall 0.00
(l) Class A-3 Remaining Certificate Balance 91,000,000.00
(m) Class A-4 Distribution Amount 474,833.33
(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 400,625.00
Class A-4 Interest Shortfall 0.00
(p) Class A-4 Remaining Certificate Balance 75,000,000.00
(q) Class A-5 Distribution Amount 162,157.33
(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 1,109,485.74
Class A-5 Interest Shortfall 0.00
(t) Class A-5 Remaining Certificate Balance 196,659,215.00
(u) Class M-1 Distribution Amount 163,625.00
(v) Class M-1 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) Unpaid Class M Principal Shortfall 0.00
Class M-1 Liquidation Loss Amount 0.00
Class M-1 Liquidation Loss Interest Amount 0.00
Class M-1 Unpaid Liquidation Loss Interest Shortfall Amount 0.00
Class M-1 Principal Shortfall Amount
(x) Class M-1 Interest Distribution 163,625.00
Class M-1 Interest Shortfall 0.00
(y) Class M-1 Remaining Certificate Balance 23,800,000.00
Class M-1 Adjusted Certificate Balance 23,800,000.00
(z) Class M-2 Distribution Amount 174,136.67
(aa) 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
(bb) Unpaid Class M Principal Shortfall 0.00
Class M-2 Liquidation Loss Amount 0.00
Class M-2 Liquidation Loss Interest Amount 0.00
Class M-2 Unpaid Liquidation Loss Interest Shortfall Amount 0.00
Class M-2 Principal Shortfall Amount 0.00
(cc) Class M-2 Interest Distribution 0.00
Class M-2 Interest Shortfall 0.00
(dd) Class M-2 Remaining Certificate Balance 0.00
Class M-2 Adjusted Certificate Balance 0.00
(ee) Class B-1 Distribution Amount 140,250.00
(ff) Class B-1 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
(gg) Unpaid Class B-1 Principal Shortfall 0.00
Class B-1 Liquidation Loss Amount 0.00
Class B-1 Liquidation Loss Interest Amount 0.00
Class B-1 Unpaid Liquidation Loss Interest Shortfall Amount 0.00
Class B-1 Principal Shortfall Amount 0.00
(hh) Class B-1 Interest Distribution 140,250.00
Class B-1 Interest Shortfall 0.00
(ii) Class B-1 Remaining Certificate Balance 18,700,000.00
Class B-1 Adjusted Certificate Balance 18,700,000.00
(jj) Class B-2 Distribution Amount 191,250.00
(kk) Class B-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
(ll) Unpaid Class B-2 Principal Shortfall 0.00
Class B-2 Liquidation Loss Amount 0.00
Class B-2 Liquidation Loss Interest Amount 0.00
Class B-2 Unpaid Liquidation Loss Interest Shortfall Amount 0.00
Class B-2 Principal Shortfall Amount 0.00
(mm) Class B-2 Interest Distribution 191,250.00
Class B-2 Interest Shortfall 0.00
(nn) Class B-2 Remaining Certificate Balance 25,500,000.00
Class B-1 Adjusted Certificate Balance 25,500,000.00
(oo) LIBOR
Class A-1 Pass Through Rate 6.0175%
Class A-2 Pass Through Rate 6.1475%
Class A-3 Pass Through Rate 7.6000%
Class A-4 Pass Through Rate 7.9300%
Class A-5 Pass Through Rate 8.1400%
Class M-1 Pass Through Rate 7.8400%
Class M-2 Pass Through Rate 8.2500%
Class B-1 Pass Through Rate 8.7800%
Class B-2 Pass Through Rate 9.0000%
9.0000%
(pp) Monthly Servicing Fee 484,212.23
(qq) Delinquency # of Contracts Prin. Balance
--------------- ---------------
a) One Monthly Payment Delinquent 85 4,080,610.35
b) Two Monthly Payments 14 828,161.76
c) Three or more Monthly Payments 0 0.00
--------------- ---------------
99 4,908,772.11
================ ===============
Difference
(rr) Repurchased Contracts Contract Number Repurchase Price Paid by Seller
--------------- ----------------- ---------------
0 0.00 0.00
----------------- ---------------
Total Repurchases 0.00 0.00
================= ===============
(ss) Repossessions or Foreclosures Number Actual Balance
----------------- ---------------
BOP Repossessions 313 $ 11,430,156.62
Plus Repossessions this Month 7 325,033.00
Less Liquidations 0 0.00
----------------- ---------------
EOP Repossessions 320 $ 11,755,189.62
================= ===============
(tt) Senior LOC Draw Amount 0.00
Class B-2 LOC Draw amount 0.00
Senior LOC Undrawn Amount 1,700,000.00
Class B-2 Undrawn LOC amount 25,500,000.00
(uu) Monthly Advance 269,333.01
Outstanding Amount Advanced 269,333.01
(vv) Distribution to Class R Certificateholders 0.00
(ww) Net Weighted Average Contract Rate preceeding period 9.38%
(xx) Number of Manufactured Homes currently held due to repossession 0
Principal balance of Manufactured Homes currently held 325,033.00
(yy) Class A-1 Pool Principal Balance percentage 97.548961%
Class A-2 Pool Principal Balance percentage 100.000000%
Class A-3 Pool Principal Balance percentage 100.000000%
Class A-4 Pool Principal Balance percentage 100.000000%
Class A-5 Pool Principal Balance percentage 100.000000%
Class M-1 Pool Principal Balance percentage 100.000000%
Class M-2 Pool Principal Balance percentage 100.000000%
Class B-1 Pool Principal Balance percentage 100.000000%
Class B-2 Pool Principal Balance percentage 100.000000%
(zz) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(aaa) Deposit into the Certificate amount from the 2000-2 Reserve 0.00
</TABLE>
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