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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): MARCH 25, 1994
GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1994-A
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-51935 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
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(Former name or former address, if changed since last report.)
1
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ITEM 5. OTHER EVENTS.
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Pursuant to the Pooling and Servicing Agreement between Green Tree
Financial Corporation (the "Servicer") and First Bank National
Association (the "Trustee"), on March 25, 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
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99.1 Monthly Report delivered to
Certificateholders on March 25, 1994.
2
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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: March 25, 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
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ROBLEY D. EVANS
Vice President and Controller
3
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INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
------ ----
99.1 Monthly Report delivered to Certificateholders 5
on March 25, 1994.
4
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
JANUARY AND FEBRUARY 1994
PAYMENT MARCH 25, 1994
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: March 25, 1994
<TABLE>
<CAPTION>
SECURITIZED NET INTEREST MARGIN
- ------------------------------- PER $1,000
CERTIFICATES ORIGINAL
- ------------ ----------
<S> <C> <C> <C>
1. Amount Available 26,807,644.90
Interest
2. Aggregate Interest (69 days to
Green Tree) 6,718,299.99
(1 day to certificate
holders) 97,366.67 0.19166667
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 6,815,666.67
Principal
6. Current month's principal
distribution 19,991,978.24 39.3542879
7. Remaining outstanding principal
balance 488,008,021.76 960.645712
Pool Factor .96064571
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 650,953,511.00
9. Aggregate amount on deposit in
reserve funds:
(i) attributable to the Residual
Assets 69,030,096.64
(ii) attributable to this
securitization 20,320,000.00
10. Aggregate principal balance of
loans refinanced by Green Tree
Financial Corp. 22,270,678.55
11. Weighted average CPR 10.27%
12. Weighted average CDR 1.48%
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
JANUARY AND FEBRUARY 1994
PAYMENT MARCH 25, 1994
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
Page 2
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: March 25, 1994
<TABLE>
<CAPTION>
<S> <C> <C>
13. Annualized net loss percentage 0.57%
14. Delinquency 30-59 day 0.89%
60-89 day 0.29%
90+ day 0.47%
Total 30+ 1.65%
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
JANUARY AND FEBRUARY 1994
PAYMENT MARCH 25, 1994
<TABLE>
<CAPTION>
Fee Assets
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Guarantee GNMA Excess Inside Fee Asset
Fees Excess Servicing Refi Total
------------- ------ ------------ ---------- --------------
<S> <C> <C> <C> <C> <C>
MaHCS 1987-A 96,997.59 19,599.54 1,111.26 117,708.39
MaHCS 1987-B 280,058.01 85,316.42 20,809.14 386,183.57
MLMI 1987B 166,387.24 21,235.06 10,479.52 198,101.82
MLMI 1987C 216,408.29 28,262.14 15,442.23 260,112.66
MLMI 1988E 243,262.76 35,871.63 25,560.53 304,694.92
MLMI 1988H 32,786.68 32,786.68
MLMI 1988Q 51,223.28 51,223.28
MLMI 1988X 40,308.06 40,308.06
MLMI 1989B 23,460.48 23,460.48
MLMI 1989D 48,244.91 48,244.91
MLMI 1989F 219,093.96 66,130.41 30,929.62 316,153.99
MLMI 1989H 197,109.82 57,412.39 21,376.30 275,898.51
MLMI 1990B 28,285.92 39,109.27 12,194.25 79,589.44
MLMI 1990D 27,189.04 .00
MLMI 1990G .00
MLMI 1990I .00
MLMI 1991B .00
MLMI 1991D 75,908.68 75,908.68
MLMI 1991G 98,365.85 98,365.85
MLMI 1991I 100,282.38 100,282.38
MLMI 1992B 390,968.38 390,968.38
MLMI 1992D 155,195.41 155,195.41
GTFC 1992-1 1,354,624.81 185,546.61 43,855.34 1,584,026.76
GTFC 1992-2 1,075,801.06 218,327.50 6,597.28 1,300,725.84
GTFC 1993-1 1,193,917.43 194,031.20 13,556.40 1,401,505.03
GTFC 1993-2 2,192,865.78 359,493.93 2,491.61 2,554,851.32
GTFC 1993-3 3,305,766.01 538,524.59 3,754.26 3,848,044.86
GTFC 1993-4 598,946.27 598,946.27
------------- ------ ------------ ---------- --------------
Conventional 10,570,578.68 .00 3,464,551.07 208,157.74 14,243,287.49
GNMA Servicing Fees 8,804,646.46 522,286.60 9,326,933.06
FHA Payment (1,906,555.17) (1,906,555.17)
Servicing (1,449,380.12) (1,449,380.12)
Prepayment shortfalls (268,225.00) (268,225.00)
Liquidation Losses (432,378.07) (432,378.07)
------------- ---------- --------------
GNMA 4,748,108.10 522,286.60 5,270,394.70
------------- ---------- --------------
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Servicing Fees, and Inside Refinance Payments 19,513,682.19
Payment on Finance 1 Note 19,513,682.19
Allocable to Interest (current) (20 days) 4,306,750.00
Allocable to accrued but unpaid Interest
Accrued and unpaid Trustee Fees
Allocable to Principal 15,206,932.19
Finance 1 Note Principal Balance 305,793,067.81
</TABLE>
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<TABLE>
<CAPTION>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
JANUARY AND FEBRUARY 1994
PAYMENT MARCH 25, 1994
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 102,331.14 4,034.75 106,365.89
MLMI 1988Q 48,097.32 21,217.71 69,315.03
MLMI 1988X 58,958.03 25,556.32 84,514.35
MLMI 1989B 44,899.66 11,366.93 56,266.59
MLMI 1989D 58,267.17 16,923.46 75,190.63
MLMI 1989F .00
MLMI 1989H .00
MLMI 1990B .00
MLMI 1990D 31,480.10 31,480.10
MLMI 1990G 31,569.67 31,569.67
MLMI 1990I 16,716.20 16,716.20
MLMI 1991B 98,462.82 98,462.82
MLMI 1991D 281,757.36 43,998.61 325,755.97
MLMI 1991G 313,811.44 117,538.98 431,350.42
MLMI 1991I 217,871.29 134,211.39 352,082.68
MLMI 1992B 972,206.46 274,572.97 1,246,779.43
MLMI 1992D 184,799.28 62,593.64 247,392.92
GTFC 1992-1 .00 .00
GTFC 1992-2 .00 .00
GTFC 1993-1 273,922.58 273,922.58
GTFC 1993-2 469,472.19 469,472.19
GTFC 1993-3 480,501.85 480,501.85
GTFC 1993-4 2,894,195.56 2,627.83 2,896,823.39
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6,401,091.33 892,871.38 7,293,962.71
Total Residual and Inside
Refinance Payments 7,293,962.71
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</TABLE>
