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<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): February 29, 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)
333-59731
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(commission file number)
33-0862379
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(I.R.S. employer identification number)
10089 WILLOW CREEK ROAD
SAN DIEGO, CALIFORNIA 92131
(858) 530-9394
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(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
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* 4. Pooling and Servicing Agreement, dated as of February
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.
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* Filed previously with the commission on March 1 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: March 27, 2000
San Diego, California
<PAGE>
GREENPOINT MANUFACTURED HOUSING CONTRACT TRUST
PASS THROUGH CERTIFICATES
SERIES 1999-1
INVESTOR NUMBER 51999021
Determination Date: 10-Mar-00
Remittance Date: 15-Mar-00
Month End Date: 29-Feb-00
<TABLE>
<CAPTION>
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<S> <C> <C> <C>
(a) Class A-1 Distribution Amount 5,878,599.63
(b) Class A-1 Distribution Principal 5,405,118.51
Scheduled Payments of Principal 686,425.43
Partial Prepayments 309,282.97
Scheduled Principal Balance Principal Prepayment in Full 1,519,626.58
Scheduled Principal Balance Liquidated Contracts 2,889,783.53
Scheduled Principal Balance Repurchases 0.00
(c) Class A-1 Interest Distribution 473,481.12
Class A-1 Interest Shortfall 0.00
(d) Class A-1 Remaining Certificate Balance 92,895,460.63
(e) Class A-2 Distribution Amount 628,545.83
(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 463,341.67
(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 Shortfal 0.00
(l) Class A-3 Remaining Certificate Balance 91,000,000.00
(m) Class A-4 Distribution Amount 400,625.00
(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 Shortfal 0.00
(p) Class A-4 Remaining Certificate Balance 75,000,000.00
(q) Class A-5 Distribution Amount 1,109,485.74
(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 Shortfal 0.00
(t) Class A-5 Remaining Certificate Balance 196,659,215.00
(u) Class A-1 Pass Through Rate 5.780000%
Class A-2 Pass Through Rate 6.010000%
Class A-3 Pass Through Rate 6.110000%
Class A-4 Pass Through Rate 6.410000%
Class A-5 Pass Through Rate 6.770000%
(v) Monthly Servicing Fee 488,716.50
(w) Delinquency # of Contracts Prin. Balance
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a) One monthly payment delinquent 293 10,624,782.90
b) Two monthly payments 87 3,520,903.44
c) Three or more monthly payments 134 6,053,293.90
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514 20,198,980.24
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Difference
(x) Repurchased Contracts Contract number Repurchase Price Paid by Seller
--------------- ---------------- --------------
0 0.00 0.00
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Total Repurchases 0.00 0.00
================ ==============
(y) Repossessions or Foreclosures Number Actual Balance
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BOP Repossessions 313 $11,466.234.57
Plus Repossessions this Month 91 2,902,615.89
Less Liquidations (91) (2,238,693.84)
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EOP Repossessions 313 $11,430,156.62
====== ==============
(z) Class A-1 Enhancement Payment 0.00
Class A-2 Enhancement Payment 0.00
Class A-3 Enhancement Payment 0.00
Class A-4 Enhancement Payment 0.00
Class A-5 Enhancement Payment 0.00
(aa) Monthly Advance 419,217.33
Outstanding Amount Advanced 2,054,609.96
(bb) Deposit to Special Account/Distribution to Class R Certificateholders 0.00
(cc) Amount Distributed to Class R Certificateholders 0.00
(dd) Net Weighted Average Contract Rate 9.39%
(ee) Number of Manufactured Homes currently held due to repossession 313
Principal balance of Manufactured Homes currently held 11,430,156.62
(ff) Class A-1 Pool Principal Balance Percentage 64.735513%
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%
(gg) Aggregate Deficiency Amounts 20,188.51
Servicer Deficiency Amounts received 8,097.89
</TABLE>
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