GREENPOINT HM EQ LN TR 1999-2 REV HM EQ ASS BK NOT SE 1999-2
8-K, 2000-07-20
ASSET-BACKED SECURITIES
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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


                                 July 15, 2000
               Date of Report (Date of Earliest Event Reported)


 GreenPoint Mortgage Securities Inc. (as Sponsor under the Sale and Servicing
  Agreement, dated as of December 1, 1999, providing for the issuance of the
GreenPoint Home Equity Loan Trust 1999-2 Revolving Home Equity Loan Asset-Backed
                             Notes, Series 1999-2)


                      GREENPOINT MORTGAGE SECURITIES INC.
                      -----------------------------------
            (Exact Name of Registrant as Specified in Its Charter)


          Delaware                    333-79833               68-0397342
          --------                    ---------               ----------
 (State or Other Jurisdiction     (Commission File          (I.R.S. Employer
       of Incorporation)               Number)             Identification No.)

          700 Larkspur Landing Circle, Suite 240, Larkspur, CA 94939
          ----------------------------------------------------------
                   (Address of Principal Executive Offices)



                                (415) 461-6790
                                --------------
                        (Registrant's Telephone Number,
                             Including Area Code)

                                Not Applicable
                                --------------
         (Former Name or Former Address, if Changed Since Last Report)
<PAGE>

                   INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.     Other Events
            ------------

            GreenPoint Mortgage Securities Inc. (the "Company") is Sponsor under
            the Sale and Servicing Agreement, dated as of December 1, 1999,
            providing for the issuance of the GreenPoint Home Equity Loan Trust
            1999-2 Revolving Home Equity Loan Asset-Backed Notes, Series 1999-2
            (the "Series 1999-2 Notes").

            The following exhibit which relates specifically to the Series
            1999-2 Notes is included with this Current Report:

Item 7(c).  Exhibits
            --------

            10.1    Monthly Payment Date Statement distributed
                    to holders of Series 1999-2 Notes dated July
                    15, 2000.
<PAGE>

                                   SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  July 20, 2000



                                          GREENPOINT MORTGAGE
                                          SECURITIES INC.



                                          By:   /s/ Gilbert J. MacQuarrie
                                             ----------------------------------
                                             Gilbert J. MacQuarrie
                                             Vice President, Treasurer and
                                             Secretary
                                             (Principal Financial Officer and
                                             and Principal Accounting Officer)
<PAGE>

                                 EXHIBIT INDEX


Exhibit Number                                              Page Number
--------------                                              -----------

10.1  Monthly Payment Date Statement distributed to
      holders of Series 1999-2 Notes dated July 15,
      2000....................................................   5


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