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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): NOVEMBEr 15, 1994
FHA TITLE I HOME IMPROVEMENT LOAN TRUST 1994-CII
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-53449 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 Trust
(N.A.) (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
6.05 of the Pooling and Servicing Agreement attached hereto as
Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(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 November 15, 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: November 15, 1994
FHA TITLE I HOME IMPROVEMENT LOAN TRUST
1994-CII
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
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99.1 Monthly Report delivered to Certificateholders 5
on November 15, 1994.
4
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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 September 1, 1994 between the Company and First Trust
(N.A), as Trustee of FHA Title I Home Improvement Loan Trust 1994-CII (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 October 1, 1994 to October 31, 1994
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 9 day of November,
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 CORP.
CERTIFICATE REGARDING REPURCHASED CONTRACTS
The undersigned certifies that his 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 8.06 of the Pooling and Servicing Agreement (the
"Agreement") dated as of September 1, 1994 between the Company and First Trust
National Association, as Trustee of FHA Title I Home Improvement Loan Trust
1994-CII (all capitalized terms used herein without definition having the
respective meanings specified in the Agreement), and further certifies that:
1. The contracts on the attached schedule are to be repurchased by the
Company on the date hereof pursuant to Sections 3.05 of the Agreement.
2. Upon deposit of the Repurchase Price for such Contracts, such Contracts
may, pursuant to Section 8.06 of the Agreement, be assigned by the Trustee
to the Company.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 9 day of November,
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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HOME IMPROVEMENT LOANS
CERTIFICATES FOR HOME IMPROVEMENT LOANS 8.10%
GREEN TREE TRUST
1994-CII
MONTHLY REPORT
October 1994
<TABLE>
<CAPTION>
Distribution Date: 11/15/94
Trust Account: 3333835-0
<S> <C>
A. Collected Amount $ 547,310.54
B. Delinquent Payments Advanced/Recovered 5,181.88
C. Aggregate Repurchase Price for Contracts to be
Repurchased 9,941.20
D. Amount Available (A+B+C) 562,433.62
E. Monthly Interest 81,292.28
F. Monthly Principal
(1) Regular Principal Payment $ 94,358.42
(2) Principal Prepayments 302,030.18
(3) Delinquent Payments Advanced 9,450.84
(4) Net Losses .00
(5) Contracts Repurchased due to
Breach of Representations and
Warranties (see attached) 9,874.30
(6) Bankruptcy Write-down .00
(7) Unpaid Principal from Prior Months .00
(8) Delinquent Payments Recovered (7,210.13)
Total Principal 408,503.61
G. Monthly Servicing Fee (.75%) 7,527.06
H. Advances Reimbursed
(1) Prior Advances that have been recovered 13,646.45
(2) Uncollectible Advances .00
I. Guaranty Fee 65,110.67
J. Shortfall ((E+F)-D) .00
K. Guaranty Payment (lesser of J or Guaranty Amount
from prior month) .00
L. Remaining Principal Balance 11,634,796.45
M. Pool Factor
1) Previous Month Pool Factor .96484079
2) Current Month Pool Factor .93211381
</TABLE>
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HOME IMPROVEMENT LOANS
CERTIFICATES FOR HOME IMPROVEMENT LOANS 8.10%
GREEN TREE TRUST
1994-CII
MONTHLY REPORT
October 1994
Page 2
<TABLE>
<CAPTION>
Distribution Date: 11/15/94
Trust Account: 3333835-0
<S> <C> <C>
N. Aggregate Scheduled Balances and Number of
Delinquent Contracts
(1) 31 - 59 47,984.54 6
(2) 60 - 89 6,927.21 1
(3) 90 days or more 9,858.46 1
O. Liquidated Contracts .00
P. Aggregate Net Liquidation Losses since Cut-off Date 5,091.14
Q. Guaranty Amount ($1,154,601.00 - P) 1,149,509.86
R. Number of Loans Remaining 1,916
</TABLE>
Please contact the Bondholder Relations Department of First Trust National
Association at (612) 244-0444 with any questions regarding this Statement or
your Distribution.
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GTHI
1994-CII
October, 1994
Contracts Repurchased Due to
Breach of Representation and Warranties*
<TABLE>
<CAPTION>
Repurchase
Account# Principal Interest Amount
- ------------ --------- -------- ----------
<S> <C> <C> <C>
15653496 9,874.30 66.90 9,941.20
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TOTALS $9,874.30 $66.90 $9,941.20
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</TABLE>
* Unable to locate original loan documents.
