GREENPOINT CREDIT LLC
8-K, EX-99.1, 2000-09-01
ASSET-BACKED SECURITIES
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<PAGE>

                                                                    EXHIBIT 99.1

GreenPoint Manufactured Housing Contract Trust
Pass Through Certificates
Series 2000-1
Investor Number 52000031

Determination Date:                      16-Aug-00
Remittance Date:                         21-Aug-00
Month End Date:                          31-Jul-00
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                        <C>            <C>
     (a)      Class A-1 Distribution Amount                                                               2,096,448.89
     (b)      Class A-1 Distribution Principal                                                            1,743,877.13
                          Scheduled Payments of Principal                                   264,767.07
                          Partial Prepayments                                               332,320.00
                          Scheduled Principal Balance Principal Prepayment in Full          882,912.87
                          Scheduled Principal Balance Liquidated Contracts                  263,877.19
                          Scheduled Principal Balance Repurchases                                 0.00

     (c)      Class A-1 Interest Distribution                                                               352,571.76
              Class A-1 Interest Shortfall                                                                        0.00

     (d)      Class A-1 Remaining Certificate Balance                                                    56,931,157.27

     (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                                                               471,073.33
              Class A-2 Interest Shortfall                                                                        0.00

     (h)      Class A-2 Remaining Certificate Balance                                                    74,380,000.00

     (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                                                                99,125.00
              Class A-3 Interest Shortfall                                                                        0.00

     (l)      Class A-3 Remaining Certificate Balance                                                    15,000,000.00

     (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                                                               474,833.33
              Class A-4 Interest Shortfall                                                                        0.00
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
<S>                                                                                        <C>            <C>
     (p)      Class A-4 Remaining Certificate Balance                                                    70,000,000.00

     (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                                                               162,157.33
              Class A-5 Interest Shortfall                                                                        0.00

     (t)      Class A-5 Remaining Certificate Balance                                                    24,820,000.00

     (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                                                               174,136.67
              Class M-2 Interest Shortfall                                                                        0.00

    (dd)      Class M-2 Remaining Certificate Balance                                                    23,800,000.00
              Class M-2 Adjusted Certificate Balance                                                     23,800,000.00

    (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
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
<S>                                                                                        <C>            <C>

    (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                                                                                            6.6300%
              Class A-1 Pass Through Rate                                                                      6.7600%
              Class A-2 Pass Through Rate                                                                      7.6000%
              Class A-3 Pass Through Rate                                                                      7.9300%
              Class A-4 Pass Through Rate                                                                      8.1400%
              Class A-5 Pass Through Rate                                                                      7.8400%
              Class M-1 Pass Through Rate                                                                      8.2500%
              Class M-2 Pass Through Rate                                                                      8.7800%
              Class B-1 Pass Through Rate                                                                      9.0000%
              Class B-2 Pass Through Rate                                                                      9.0000%

    (pp)      Monthly Servicing Fee                                                                         278,895.86

    (qq)      Delinquency                                                               # of Contracts   Prin. Balance
                                                                                        --------------   -------------
                          a)  One Monthly Payment Delinquent                                       205    8,675,208.08
                          b)  Two Monthly Payments                                                  61    2,698,583.79
                          c)  Three or more Monthly Payments                                        50    2,582,242.24
                                                                                          ------------   -------------
                                                                                                   316   13,956,034.11
                                                                                          ============   =============

                                                                                                            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                    65   $2,886,488.93
                                                   Plus Repossessions this Month                    40    1,515,072.30
                                                               Less Liquidations                   (8)    (265,182.84)
                                                                                          ------------  --------------
                                                               EOP Repossessions                    97   $4,136,378.39
                                                                                          ============  ==============
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
<S>                                                                                        <C>            <C>

    (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                                                                                     0.00
              Outstanding Amount Advanced                                                                         0.00

    (vv)      Distribution to Class R Certificateholders                                                     14,214.91

    (ww)      Net Weighted Average Contract Rate preceeding period                                              10.27%

    (xx)      Number of Manufactured Homes currently held due to repossession                                       97
              Principal balance of Manufactured Homes currently held                                      4,136,378.39

    (yy)      Class A-1 Pool Principal Balance percentage                                                   88.954933%
              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                                                                      301.00
              Servicer Deficiency Amounts received                                                              105.35

    (aaa)     Deposit into the Certificate amount from the 2000-2 Reserve                                         0.00
</TABLE>


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