|
|
|
|
|
|
|
|
|
<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
* 1. Underwriting Agreement, dated November 17, 1998, between
Greenpoint Credit, LLC, as Contract Seller and Credit
Suisse First Boston, as the representative of the
several Underwriters
* 4. Pooling and Servicing Agreement, dated as of November 1,
1998, 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, 1998 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 1998-1
MONTHLY REPORT - COMBINED
Determination Date: 10-Dec-99
Remittance Date: 15-Dec-99
Month End Date: 30-Nov-99
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(a) Class I A Distribution Amount 5,344,730.26
(b) Class I A Distribution Principal 2,927,359.60
Scheduled Payments of Principal 594,262.44
Partial Prepayments 244,487.48
Scheduled Principal Balance Principal Prepayment in Full 851,514.01
Scheduled Principal Balance Liquidated Contracts 1,237,095.67
Scheduled Principal Balance Repurchases 0.00
(c) Class I A Interest Distribution 2,417,370.66
Class I A Interest Shortfall 0.00
(d) Class I A Remaining Certificate Balance 434,276,075.35
Class II A Remaining Certificate Balance 219,523,890.08
(e) Class II A Distribution Amount 3,389,703.72
(f) Class II A Distribution Principal 2,281,140.66
Scheduled Payments of Principal 232,813.18
Partial Prepayments 141,989.40
Scheduled Principal Balance Principal Prepayment in Full 1,197,734.04
Scheduled Principal Balance Liquidated Contracts 708,604.04
Scheduled Principal Balance Repurchases 0.00
(g) Class II A Interest Distribution 1,108,563.06
Class II A Interest Shortfall 0.00
(h) Class I A Pass Through Rate 6.635000%
Class II A Pass Through Rate 5.997500%
(i) Monthly Servicing Fee Class I A 364,336.20
Monthly Servicing Fee Class II A 184,837.53
(j) Delinquency # of Contracts Prin. Balance
------------------------------------------
a) One Monthly Payment Delinquent 354 12,772,522.91
b) Two Monthly Payments 99 3,695,537.71
c) Three or more Monthly Payments 120 5,681,052.12
------------ ----------------
573 22,149,112.74
============ ================
(k) Repurchased Contracts # of Contracts Repurchase Price
------------------------------------------
(see attached) Total Repurchases 0 0.00
============ ================
(l) Repossessions or Foreclosures Number Actual Balance
------------ ----------------
BOP Repossessions 228 $ 8,718,542.10
Plus Repossessions this 113 3,917,975.85
Month
Less Liquidations (63) (2,034,336.29)
------------ ----------------
EOP Repossessions 278 $ 10,602,181.66
============ ================
(m) Group I Enhancement Payment 0.00
Group II Enhancement Payment 0.00
(n) Monthly Advance Group I 225,765.80
Outstanding Amount Advanced Group I 1,108,980.66
Monthly Advance Group II 49,951.33
Outstanding Amount Advanced Group II 474,525.31
(o) Group I Deposit to Special Account/ (Group I Withdrawal from Special Account) 0.00
Group II Deposit to Special Account/ (Group II Withdrawal from Special Account) 0.00
(p) Amount Distributed to Class R Certificateholders 0.00
(q) Net Weighted Average Contract Rate Group I 9.46%
Net Weighted Average Contract Rate Group II 9.04%
(r) Group I Pool Principal Balance percentage 90.857665%
Group II Pool Principal Balance percentage 87.897870%
(s) Aggregate Deficiency Amounts 26,553.22
Servicer Deficiency Amounts received 9,293.63
(t) Net Funds Carryover Amount paid to Class II A Certificateholders 0.00
Net Funds Carryover Amount remaining 0.00
</TABLE>
|
|