<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 reported): NOVEMBER 15, 1994
GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1994-A
-------------------------------------------------------
(Exact name of registrant as specified in its charter)
MINNESOTA 33-51935 APPLIED FOR
- ----------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file numbers) identification no.)
1100 LANDMARK TOWERS, 345 ST. PETER STREET, SAINT PAUL, MINNESOTA 55102-1639
-----------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (612) 293-3400
--------------
NOT APPLICABLE
--------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
1
<PAGE>
ITEM 5. OTHER EVENTS.
------------
Pursuant to the Pooling and Servicing Agreement between Green
Tree Financial Corporation (the "Servicer") and First Bank
National Association (the "Trustee"), on November 15, 1994, the
Trustee made distributions to the holders of the certificates
representing interests in the Trust (the "Certificateholders")
and delivered to the Certificateholders the Monthly Report
required by Section 1.01 of the Servicing Agreement attached
hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
---------------------------------
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on November 15,
1994.
2
<PAGE>
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 hereunto duly authorized.
Dated: November 15, 1994
SECUTIZED NET INTEREST MARGIN
TRUST 1994-A
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/Robley D. Evans
----------------------------------
ROBLEY D. EVANS
Vice President and Controller
3
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
------- ----
99.1 Monthly Report delivered to Certificateholders 5
on November 15, 1994.
4
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
OCTOBER 1994
PAYMENT NOVEMBER 15, 1994
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
<TABLE>
<CAPTION>
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: November 15, 1994
SECURITIZED NET INTEREST MARGIN PER $1,000
- ------------------------------- ORIGINAL
CERTIFICATES ----------
- ------------
<S> <C> <C>
1. Amount Available 9,084,230.71
Interest
2. Aggregate Interest 2,481,914.82 4.8856591
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 2,481,914.82
Principal
6. Current month's principal
distribution 6,602,315.89 12.9966848
7. Remaining outstanding principal
balance 425,035,044.46 836.683158
Pool Factor .83668316
8. Present value of the projected
remaining aggregate cashflows of
the Finance I Assets and the
Residual Assets, as of the immediately
preceding Distribution Date 603,078,462.00
9. Aggregate amount on deposit in reserve funds:
(i) attributable to the Residual
Assets 70,662,249.22
(ii) attributable to this securitization 20,793,748.50
10. Aggregate principal balance of loans
refinanced by Green Tree Financial Corp. 2,320,366.16
11. Weighted average CPR 10.64%
12. Weighted average CDR 2.35%
13. Annualized net loss percentage 0.93%
14. Delinquency 30-59 day 1.00%
60-89 day 0.33%
90+ day 0.53%
Total 30+ 1.86%
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
OCTOBER 1994
PAYMENT NOVEMBER 15, 1994
<TABLE>
<CAPTION>
Fee Assets
----------------------------------------------------------------------
Guarantee GNMA Excess Inside Fee Asset
Fees Excess Servicing Refi Total
------------ -------- ------------ --------- ------------
<S> <C> <C> <C> <C> <C>
MaHCS 1987-A 34,066.54 12,478.67 .00 46,545.21
MaHCS 1987-B 96,259.00 35,286.06 1,029.78 132,574.84
MLMI 1987B 55,202.09 8,796.73 3,559.11 67,557.93
MLMI 1987C 75,905.31 14,536.36 759.46 91,201.13
MLMI 1988E 87,029.34 14,990.04 2,923.03 104,942.41
MLMI 1988H 13,914.89 13,914.89
MLMI 1988Q 21,492.85 21,492.85
MLMI 1988X 16,837.92 16,837.92
MLMI 1989B 9,783.32 9,783.32
MLMI 1989D 19,958.61 19,958.61
MLMI 1989F 48,260.99 27,871.50 9,591.06 85,723.55
MLMI 1989H .00 15.74 2,104.95 2,120.69
MLMI 1990B .00 16,199.51 963.26 17,162.77
MLMI 1990D .00 .00 .00
MLMI 1990G .00 .00
MLMI 1990I .00 .00
MLMI 1991B .00 .00
MLMI 1991D 31,815.30 31,815.30
MLMI 1991G 41,874.95 41,874.95
MLMI 1991I .00 .00
MLMI 1992B 163,971.14 163,971.14
MLMI 1992D 23,675.75 .00 23,675.75
GTFC 1992-1 502,746.76 83,335.35 5,977.27 592,059.38
GTFC 1992-2 371,864.51 99,103.47 .00 470,967.98
GTFC 1993-1 516,485.79 88,833.07 .00 605,318.86
GTFC 1993-2 837,309.23 167,107.98 .00 1,004,417.21
GTFC 1993-3 1,514,080.28 252,346.72 .00 1,766,427.00
GTFC 1993-4 281,882.70 281,882.70
------------ -------- ------------ --------- ------------
Conventional 4,139,209.84 .00 1,466,108.63 26,907.92 5,612,226.39
GNMA Servicing Fees 3,799,084.10 43,777.58 3,842,861.68
FHA Payment (1,281,236.92) (1,281,236.92)
Servicing (628,466.63) (628,466.63)
Prepayment shortfalls (157,148.98) (157,148.98)
Liquidation Losses (354,698.37) (354,698.37)
------------ --------- ------------
GNMA 1,377,533.20 43,777.58 1,421,310.78
------------ --------- ------------
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Servicing Fees, and Inside Refinance Payments 7,033,537.17
Payment on Finance 1 Note 7,033,537.17
Allocable to Interest (current) 1,508,097.64
Allocable to accrued but unpaid Interest
Accrued and unpaid Trustee Fees
Allocable to Principal 5,525,439.52
Finance 1 Note Principal Balance 256,752,411.63
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
OCTOBER 1994
PAYMENT NOVEMBER 15, 1994
<TABLE>
<CAPTION>
Inside
Residual Refi Total
------------ ------------ ------------
<S> <C> <C> <C>
MaHCS 1987-A .00
MaHCS 1987-B .00
MLMI 1987B .00
MLMI 1987C .00
MLMI 1988E .00
MLMI 1988H 36,494.60 .00 36,494.60
MLMI 1988Q 12,001.52 7,304.19 19,305.71
MLMI 1988x .00 719.60 719.60
MLMI 1989B .00 1,828.66 1,828.66
MLMI 1989D .00 1,651.29 1,651.29
MLMI 1989F .00
MLMI 1989H .00
MLMI 1990B .00
MLMI 1990D 3,144.09 3,144.09
MLMI 1990G 8,619.66 8,619.66
MLMI 1990I .00 23,360.17 23,360.17
MLMI 1991B 9,318.05 9,318.05
MLMI 1991D 41,811.02 12,329.95 54,140.97
MLMI 1991G 69,801.06 11,099.12 80,900.18
MLMI 1991I .00 8,391.71 8,391.71
MLMI 1992B 388,847.03 26,710.98 415,558.01
MLMI 1992D .00 .00
GTFC 1992-1 .00
GTFC 1992-2 .00
GTFC 1993-1 .00 .00
GTFC 1993-2 .00 .00
GTFC 1993-3 59,951.95 59,951.95
GTFC 1993-4 1,327,308.89 1,327,308.89
------------ ------------ ------------
1,936,216.07 114,477.47 2,050,693.54
Total Residual and Inside
Refinance Payments 2,050,693.54
------------
</TABLE>
