|
|
|
|
|
|
|
|
|
<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): December 31, 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 September 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 September 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: January 25, 2000
San Diego, California
<PAGE>
GreenPoint Manufactured Housing
Contract Trust
Pass Through
Certificates
Series 1999-4
Investor Number 51999091
Determination Date: 12-Jan-00
Remittance Date A-1 18-Jan-00
Remittance Date A-2 20-Jan-00
Month End Date: 31-Dec-99
- -------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
(a) Class A-1 Distribution Amount 938,520.86
(b) Class A-1 Distribution Principal 636,959.24
Scheduled Payments of Principal 80,059.32
Partial Prepayments 15,757.15
Scheduled Principal Balance Principal Prepayment in Full 405,300.23
Scheduled Principal Balance Liquidated Contracts 135,842.54
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 301,561.62
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 46,649,310.28
(e) Class A-2 Distribution Amount 297,083.33
(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 297,083.33
Class A-2 Interest Shortfall 0.00
(h) Class A-2 Remaining Certificate Balance 50,000,000.00
(i) Class A-1 Pass Through Rate 6.752500%
Class A-2 Pass Through Rate 6.900000%
Class A-2 Holdover Amount 0.00
(j) Monthly Servicing Fee 81,071.89
(k) Delinquency # of Contracts Prin. Balance
-------------- -------------
a) Loans 31 to 59 days delinquent 40 1,582,021.88
b) Loans 60 to 89 days delinquent 8 271,103.74
c) Loans delinquent 90 or more days 10 338,353.63
------ --------------
58 2,191,479.25
====== ==============
(l) Repurchased Contracts Number Repurchase
----------
Price
------ -----
(see attached schedule) Total Repurchases 0 0.00
====== ===============
(m) Repossessions or Foreclosures Number Actual Balance
------ --------------
BOP Repossessions 13 $443,673.01
Plus Repossessions 7 251,141.86
this Month
Less Liquidations (4) ($136,393.79)
------ ---------------
EOP Repossessions 16 $558,421.08
====== ===============
(n) Enhancement Payment 0.00
(o) Monthly Advance 5,302.56
Outstanding Amount Advanced 5,302.56
(p) Deposit to Special Account/Distribution to Class R Certificateholders $0.00
(q) Amount Distributed to Class R Certificateholders 0.00
(r) Net Weighted Average Contract Rate 9.84%
(s) Number of Manufactured Homes currently held due to repossession 16
Principal balance of Manufactured Homes currently held 558,421.08
(t) Pool Principal Balance Percentage 96.663741%
(u) Aggregate Deficiency Amounts 0.00
Servicer Deficiency Amounts received 0.00
(v) Additional Items
(w) Class A-1 Net Funds Carryover Amount 0.00
Class A-2 Net Funds Carryover Amount 0.00
</TABLE>
|
|