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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): JANUARY 18, 1994
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE
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PASS-THROUGH CERTIFICATE TRUST 1993-4
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-62132, 33-50527, 33-51057 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 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.
Exhibit No. Description
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99.1 Monthly Report delivered to
Certificateholders on January 18, 1994.
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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: January 18, 1994
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH
CERTIFICATE TRUST 1993-4
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
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EXHIBIT
NUMBER PAGE
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<S> <C> <C>
99.1 Monthly Report delivered to Certificateholders 5
on January 18, 1994.
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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 December 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
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Robley D. Evans
Vice President and Controller
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GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.85%, 5.85%, 6.25%,
6.60%, 7.05%
PASS-THROUGH CERTIFICATES, SERIES 1993-4
CLASS A1, A2, A3, A4, A5 CERTIFICATES
MONTHLY REPORT
December, 1993
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TRUST ACCOUNT #3331720-0
CUSIP#'S 393505-BM3, BN1, BP6, BQ4, BR2
REMITTANCE DATE: 1/18/94
Total $ Per $1,000
Amount Original
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Class A Certificates
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(1) Amount available (including Monthly
Servicing Fee) 9,199,845.22
A. Interest
(2) Aggregate Interest
a. Class A-1 Interest 743,666.67 3.09861113
b. Class A-2 Interest 411,125.00 3.73750000
c. Class A-3 Interest 299,479.17 3.99305560
d. Class A-4 Interest 470,997.45 4.21666667
e. Class A-5 Interest 490,009.92 4.50416665
(3) Amount applied to:
a. Unpaid Class A Interest
Shortfall .00 .00
(4) Remaining:
a. Unpaid Class A Interest
Shortfall .00 .00
B. Principal
(5) Formula Principal Distribution
Amount 4,294,987.09 N/A
a. Scheduled Principal 1,935,112.42 N/A
b. Principal Prepayments 2,359,874.67 N/A
c. Liquidated Contracts .00 N/A
d. Repurchases .00 N/A
(6) Pool Scheduled Principal
Balance 720,973,958.91 994.07807667
(6a) Pool Factor .99407808
(7) Unpaid Class A Principal
Shortfall (if any) following
prior Remittance date .00
(8) Class A Percentage for such
Remittance Date (Until Class
B Cross-Over Date, and on
each Remittance Date thereafter
unless each Class B Principal
Distribution Test is satisfied,
equals Class A Principal Balance
divided by pool Scheduled
Principal Balance) 89.00%
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GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.85%, 5.85%, 6.25%,
6.60%, 7.05%
PASS-THROUGH CERTIFICATES, SERIES 1993-4
CLASS A1, A2, A3, A4, A5 CERTIFICATES
MONTHLY REPORT
December, 1993
Page 2
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TRUST ACCOUNT #3331720-0
CUSIP#'S 393505-BM3, BN1, BP6, BQ4, BR2
REMITTANCE DATE: 1/18/94
Total $ Per $1,000
Amount Original
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<S> <C> <C>
(9) Class A Percentage for the
following Remittance Date 88.93%
(10) Class A Principal
Distribution:
a. Class A-1 4,294,987.09 17.89577954
b. Class A-2 .00 .00
c. Class A-3 .00 .00
d. Class A-4 .00 .00
e. Class A-5 .00 .00
(11) Class A-1 Principal Balance 235,705,012.91 982.10422046
(11a) Class A-1 Pool Factor .98210422
(12) Class A-2 Balance Principal 110,000,000.00 1000.0000000
(12a) Class A-2 Pool Factor 1.00000000
(13) Class A-3 Principal Balance 75,000,000.00 1000.0000000
(13a) Class A-3 Pool Factor 1.00000000
(14) Class A-4 Principal Balance 111,699,000.00 1000.0000000
(14a) Class A-4 Pool Factor 1.00000000
(15) Class A-5 Principal Balance 108,790,362.00 1000.0000000
(15a) Class A-5 Pool Factor 1.00000000
(16) Unpaid Class A Principal
Shortfall (if any)following
current Remittance Date .00
C. Aggregate Scheduled Balances and
Number of Delinquent Contracts as
of Determination Date
(17) 31-59 days 571,040.30 26
(18) 60 days or more 117,917.88 5
(19) Current Month Repossessions
(20) Repossession Inventory
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GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.85%, 5.85%, 6.25%,
6.60%, 7.05%
PASS-THROUGH CERTIFICATES, SERIES 1993-4
CLASS A1, A2, A3, A4, A5 CERTIFICATES
MONTHLY REPORT
December, 1993
Page 3
TRUST ACCOUNT #3331720-0
CUSIP#'S 393505-BM3, BN1, BP6, BQ4, BR2
REMITTANCE DATE: 1/18/94
Class B Principal Distribution Tests (test must be satisfied on and after the
Remittance Date occurring in January 1999)
(21) Average Sixty-Day Delinquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current
Remittance Date .02%
(b) Average Sixty-Day Delinquency Ratio (arithmetic
average of ratios for this month and two preceding
months; may not exceed 4%) .00%
(22) Average Thirty-Day Delinquency Ratio Test
(a) Thirty-Day Delinquency Ratio for current
Remittance Date .08%
(b) Average Thirty-Day Delinquency Ratio (arithmetic
average of ratios for this month and two preceding
months; may not exceed 6%) .00%
(23) Cumulative Realized Losses Test
(a) Cumulative Realized Losses for the current Remittance
Date (as a percentage of Cut-off Date Pool Principal
Balance; may not exceed 7% from January 1, 1999 to
December 31, 1999, 9% from January 1, 2002 to
December 31, 2002 and 10% thereafter) N/A
(24) Current Realized Losses Test
(a) Current Realized Losses for current Remittance
Date) N/A
(b) Current Realized Loss Ratio (total Realized Losses for
the most recent three months, divided by arithmetic
average of Pool Scheduled Principal Balances for third
preceding Remittance and for current Remittance Date;
may not exceed 2.75% N/A
(25) Class B Principal Balance Test
(a) Class B Principal Balance (before any distributions
on current Remittance Date) divided by pool Scheduled
Principal Balance for prior Remittance date (must
equal or exceed 22%) 11.00%
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GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 7.20%, 8.55%
PASS-THROUGH CERTIFICATES, SERIES 1993-4
CLASS B1, B2 and C CERTIFICATES
MONTHLY REPORT
December, 1993
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<CAPTION>
CUSIP#'S 393505BS0,BT8
REMITTANCE DATE: 1/18/94
Total $ Per $1,000
Amount Original
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<S> <C> <C>
(1) Amount Available less the Class A
Distribution Amount (including
Monthly Servicing FEE) 2,489,579.92
(2) Class B-1 Remittance Rate (7.20%
unless Weighted Average Contract
Rate is below 7.20%) 7.20%
(3) Aggregate Class B1 Interest 233,532.80 4.60000000
(4) Amount applied to Unpaid Class
BI Interest Shortfall .00 .00
(5) Remaining unpaid Class B1 Interest
Shortfall .00 .00
(6) Unpaid Class B1 Principal Shortfall
(if any) following prior Remittance
Date .00
(7) Class B Percentage for such Remittance
Date (until Class B Cross-over Date,
and on each Remittance Date thereafter
unless each Class B Principal
Distribution Test is satisfied,
equals zero. Thereafter, if each
Class B Principal Distribution Test is
satisfied, equals 100% minus Class A
Percentage) .00
(7a) Class B Percentage for the following
Remittance Date .00
(8) Class B1 Principal (Class B Percentage
of Formula Principal Distribution
Amount) .00
(9a) Class B1 Principal Shortfall .00
(9b) Unpaid Class B1 Principal Shortfall .00
(10) Class Principal Balance 79,779,584.00
(11) Class B1 Principal Balance 50,768,000.00
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GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 7.20%, 8.55%
PASS-THROUGH CERTIFICATES, SERIES 1993-4
CLASS B1, B2 and C CERTIFICATES
MONTHLY REPORT
December, 1993
Page 2
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CUSIP#'S 393505BS0,BT8
REMITTANCE DATE: 1/18/94
<S> <C> <C>
Class B2 and C Certificates
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(12) Remaining Amount Available 2,256,047.12
(13) Class B-2 Remittance Rate
(8.55% unless Weighted Average
Contract Rate is less than 8.55%) 8.55%
(14) Aggregate Class B2 Interest 158,475.78 5.46250008
(15) Amount applied to Unpaid Class
B2 Interest Shortfall .00 .00
(16) Remaining Unpaid Class B2
Interest Shortfall .00 .00
(17) Unpaid Class B2 Principal Shortfall
(if any) following prior Remittance
Date .00
(18) Class B2 Principal Liquidation Loss
Amount .00
(19) Class B2 Principal (zero until
Class B1 paid down; thereafter,
Class B Percentage of Formula
Principal Distribution Amount) .00
(20) Reserve Draw Amount .00
(21) Class B2 Principal Balance 29,011,584.00
(22) Reserve Deposit Amount,
if any, in Liquidity Reserve 120,878.16
(23) Liquidity Reserve Fund Balance 120,878.16
(24) 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 B1 and
B2 Distribution Amount; if the
Company is the Servicer) 604,390.79
(25) Class C Residual Payment 1,372,302.39
(26) Repossessed Contracts .00
(27) Repossessed Contracts Remaining in
Inventory .00
(28) Weighted Average Contract Rate 9.73480
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