<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): JANUARY 18, 1994
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE
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PASS-THROUGH CERTIFICATE TRUST 1993-1
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-50236 AND 33-55158 APPLIED FOR
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(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
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (612) 293-3400
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NOT APPLICABLE
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
1
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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 January 18, 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 6.05 of the Pooling and 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.
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<C> <S>
99.1 Monthly Report delivered to
Certificateholders on January 18, 1994.
</TABLE>
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: January 18, 1994
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH
CERTIFICATE TRUST 1993-1
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
<TABLE>
<CAPTION>
EXHIBIT
NUMBER PAGE
------ ----
<C> <S> <C>
99.1 Monthly Report delivered to Certificateholders 5
on January 18, 1994.
</TABLE>
4
<PAGE>
GREEN TREE FINANCIAL CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that he is a vice president and controller of Green
Tree Financial Corp., a Minnesota corporation (the "Company"), and that as such
he is duly authorized to execute and deliver this certificate on behalf of the
Company pursuant to Section 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated as of March 1, 1993 between the Company and First Bank
National Association, as Trustee (all capitalized terms used herein without
definition having the respective meanings specified in the Agreement), and
further certifies that:
1. The Monthly Report for the period from December 01, 1993 to December 31,
1993 attached to this certificate is complete and accurate in accordance
with the requirements of Sections 6.01 and 6.02 of the Agreement; and
2. As of the date hereof, no Event of Termination or event that with notice or
lapse of time or both would become an Event of Termination has occurred.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 12 day of January,
1994.
GREEN TREE FINANCIAL CORP.
BY: /s/Robley D. Evans
------------------------------
Robley D. Evans
Vice President and Controller
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.90%, 6.10%, 6.90%
PASS-THROUGH CERTIFICATES, SERIES 1993-1
CLASS A1, A2, A3 CERTIFICATES
MONTHLY REPORT
December, 1993
TRUST ACCOUNT #3331202-0
CUSIP#'S 393505-AV4, AW2, AX0
REMITTANCE DATE: 1/18/94
<TABLE>
<CAPTION>
Total $Per $1,000
Amount Original
-------------- ------------
A. Interest
<C> <C> <S> <C> <C>
(1) Aggregate Interest
a. Class A-1 Interest 272,374.35 3.36264630
b. Class A-2 Interest 325,333.34 5.08333344
c. Class A-3 Interest 433,277.23 5.75000003
(2) Amount applied to:
a. Unpaid Class A Interest
Shortfall .00 .00
(3) Remaining:
a. Unpaid Class A Interest
Shortfall .00 .00
B. Principal
(4) Formula Principal Distribution 2,187,287.60 N/A
a. Scheduled Principal 531,314.56 N/A
b. Principal Prepayments 1,501,650.04 N/A
c. Liquidated Contracts 154,323.00 N/A
d. Repurchases 0.00 N/A
(5) Pool Scheduled Principal
Balance 233,917,273.26 934.17203430
(5a) Pool Factor .93417203
(6) Class A Schedule Principal
Deficiency Amount (if any)
following prior Remittance date .00 .00
(7) Class A principal distribution:
a. Class A-1 2,187,287.60 27.00355062
b. Class A-2 .00 .00
c. Class A-3 .00 .00
(8) Class A-1 Principal Balance 64,516,635.40 796.50167160
(8a) Class A-1 Pool Factor .79650167
(9) Class A-2 Principal Balance 64,000,000.00 1000.0000000
(9a) Class A-2 Pool Factor 1.00000000
(10) Class A-3 Principal Balance 75,352,561.32 1000.0000000
(10a) Class A-3 Pool Factor 1.00000000
(11) Class A Scheduled Principal
Deficiency Amount (if any)
following current Remittance Date .00 .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.90%, 6.10%, 6.90%
PASS-THROUGH CERTIFICATES, SERIES 1993-1
CLASS A1, A2, A3 CERTIFICATES
MONTHLY REPORT
December, 1993
Page 2
TRUST ACCOUNT #3331201-0
CUSIP#'S 393505-AV4, AW2, AX0
REMITTANCE DATE: 1/18/94
C. Aggregate Scheduled Balances and Number of Delinquent
Contracts as of Determination Date
<TABLE>
<C> <S> <C> <C>
(12) 31-59 days 1,793,528.36 79
(13) 60 days or more 917,136.56 39
(14) Current Month Repossessions 222,294.29 10
(15) Repossession Inventory 844,238.56 39
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 8.45%
PASS-THROUGH CERTIFICATES, SERIES 1993-1
CLASS B AND C CERTIFICATES
MONTHLY REPORT
December, 1993
CUSIP NO. #393505AV6
REMITTANCE DATE: 1/18/94
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
------------ -------------
<C> <S> <C> <C>
(1) Amount Available 4,182,833.98
(2) Remaining Amount Available 964,561.47
(2a) Monthly Servicing Fee 196,753.80
(3) Aggregate Class B Interest 211,588.54 7.04166670
(4) Amount applied to Unpaid
Class B Interest Shortfall .00 .00
(5) Remaining Unpaid Class B
Interest Shortfall .00 .00
(6) Aggregate Principal (Until Class A-1,
Class A-2 and Class A-3 principal balances
reach zero, Aggregate principal equals
Class B Principal Liquidation Loss Amount) .00 .00
(7) Class B Principal
Liquidation Loss Amount .00 .00
(8) Amount, if any, by which the Class B Formula
Distribution for such Remittance Date exceeds
the Remaining Amount available for such
Remittance Date
(9) Guarantee Payment
(10) Class B Principal Balance 30,048,076.54
(10a) Class B Pool Factor 1.00000000
(11) Monthly Servicing Fee (Deducted from
Certificate Account balance to arrive at
Amount Available if the Company is not
the Servicer; deducted from funds remaining
after payment of Class A Distribution
Amount and Class B Distribution Amount
Amount; if the Company is the Servicer) 196,753.80
(12) 3% Guaranty Fee 584,793.18
(13) Class C Residual Payment 168,179.75
(14) Repossessed Contracts 222,294.29
(15) Repossessed Contracts Remaining in Inventory 844,238.56
</TABLE>
<PAGE>
GTFC
93-1
December, 1993
Defaulted Contracts
<TABLE>
<CAPTION>
Estimated
Repurchase Loss at
Account# Principal Interest Amount Sale Date
- -------- ----------- ----------- ----------- ----------
<S> <C> <C> <C> <C>
20312005 10,238.17 58.27 10,296.44 3,900.12
21313084 14,998.52 85.36 15,083.88 1,912.73
25317412 16,241.75 92.44 16,334.19 7,041.52
29306757 13,415.66 76.35 13,492.01 4,935.49
75305942 4,088.96 23.27 4,112.23 2,548.41
76308849 43,681.14 248.61 43,929.75 10,699.33
83311187 25,887.73 147.34 26,035.07 2,518.44
97316233 25,771.07 146.68 25,917.75 1,045.41
----------- ------- ----------- ----------
TOTALS $154,323.00 $878.32 $155,201.32 $34,601.45
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</TABLE>
