<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended: December 31, 1999
OR
[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT
OF 1934
For the transition period from __________ to _________.
Commission File Number: 333-79833
GREENPOINT MORTGAGE SECURITIES INC. (formerly Headlands Mortgage Securities
Inc.) (as Sponsor under the Sale and Servicing Agreement, dated December 1,
1998, providing for the Issuance of the Headlands Home Equity Loan Asset-Backed
Notes, Series 1998-2)
GREENPOINT MORTGAGE SECURITIES INC.
(Exact Name of registrant as specified in its charter)
<TABLE>
<S> <C>
Delaware 68-0397342
(State or other jurisdiction of incorporation or organization) (I.R.S. employer identification no.)
700 Larkspur Landing Circle, Suite 240 94939
Larkspur, CA (Zip code)
(Address of principal executive offices)
(415) 925-5442
(Registrant's telephone number, including area code)
</TABLE>
<TABLE>
Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:
<S> <C>
None None
(Title of class) (Title of class)
</TABLE>
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [_]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
State the aggregate market value of the voting stock held by non-affiliates of
Registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of specified date within 60 days prior to the date of filing:
Not Applicable
Documents incorporated by reference:
Not Applicable
<PAGE>
PART IV
ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a) The following documents are filed as part of this report:
3. Exhibits:
Exhibit No. Description
----------- -----------
99.1* Statement of Compliance of the Servicer
pursuant to Section 3.09 of the Sale and
Servicing Agreement.
99.2 Annual Servicing Report with respect to the
Servicer's overall servicing operations
pursuant to Section 3.10 of the Sale and
Servicing Agreement.
99.3* Statement of Compliance of the Issuer
pursuant to Section 3.9 of the Indenture.
_________________
*Previously filed.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Sponsor has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.
By: GREENPOINT MORTGAGE SECURITIES INC.,
As Sponsor
By: /s/ Gilbert J. MacQuarrie
-------------------------
Name: Gilbert J. MacQuarrie
Title: Vice President, Chief Financial
Officer and Secretary
Date: May 31, 2000.
Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the Sponsor
and in the capacities and on the dates indicated:
Signature Position Date
--------- -------- ----
/s/ S.A. Ibrahim President and Director May 31, 2000
-------------------------- (Principal Executive Officer)
S.A. Ibrahim
/s/ Becky S. Poisson Vice President and Director May 31, 2000
--------------------------
Becky S. Poisson
/s/ Gilbert J. MacQuarrie Vice President, Chief Financial May 31, 2000
--------------------------
Gilbert J. MacQuarrie Officer Secretary and Director
/s/ Steven M. Abreu Vice President and Director May 31, 2000
--------------------------
Steven M. Abreu
__________________________
Kenneth Siprelle Director May ___, 2000
__________________________
John Edmonds Director May ___, 2000
<PAGE>
INDEX TO EXHIBITS
Item 14(C)
Exhibit No. Description
----------- -----------
99.1* Statement of Compliance of the Servicer pursuant to Section 3.09
of the Sale and Servicing Agreement.
99.2 Annual Servicing Report with respect to the Servicer's overall
servicing operations pursuant to Section 3.10 of the Sale and
Servicing Agreement.
99.3* Statement of Compliance of the Issuer under the Indenture.
_________________
*Previously filed.
