<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): FEBRUARY 15, 1994
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE
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PASS-THROUGH CERTIFICATE TRUST 1993-3
-------------------------------------
(Exact name of registrant as specified in its charter)
MINNESOTA 33-62132 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
--------------
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 February 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
---------------------------------
(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 February 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: February 15, 1994
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH
CERTIFICATE TRUST 1993-3
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
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INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
------ ----
99.1 Monthly Report delivered to Certificateholders 5
on February 15, 1994.
1
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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, 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 January 03, 1994 to January 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 10 day of
February, 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 4.60%, 4.90%, 5.20%, 5.45%,
5.75%, 6.10%, 6.40%
PASS-THROUGH CERTIFICATES, SERIES 1993-3
CLASS A1, A2, A3, A4, A5, A6, A7 CERTIFICATES
MONTHLY REPORT
January, 1994
TRUST ACCOUNT #3331561-0
CUSIP#'S 393505-BD3,BE1,BF8,BG8,BH4,BJ0,BK7
REMITTANCE DATE: 2/15/94
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
-------------- ------------
<S> <C> <C>
A. Interest
(1) Aggregate Interest
a. Class A-1 Interest 493,643.72 3.42803378
b. Class A-2 Interest 280,026.83 4.08333328
c. Class A-3 Interest 309,941.67 4.33333338
d. Class A-4 Interest 290,466.83 4.54166661
e. Class A-5 Interest 423,679.17 4.79166670
f. Class A-6 Interest 141,652.17 5.08333345
g. Class A-7 Interest 636,821.33 5.33333331
(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 3,796,885.21 N/A
a. Scheduled Principal 1,862,530.91 N/A
b. Principal Prepayments 1,887,971.94 N/A
c. Liquidated Contracts 46,382.36 N/A
d. Repurchases .00 N/A
(5) Pool Scheduled Principal
Balance 644,331,062.60 971.32408529
(5a) Pool Factor .97132409
(6) Class A Schedule Principal
Deficiency Amount (if any)
following prior Remittance date .00 .00
(7) Class A Percentage 87.79%
(8) Class A Principal Distribution:
a. Class A-1 3,796,885.21 26.36689220
b. Class A-2 .00 .00
c. Class A-3 .00 .00
d. Class A-4 .00 .00
e. Class A-5 .00 .00
f. Class A-6 .00 .00
g. Class A-7 .00 .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.60%, 4.90%, 5.20%, 5.45%,
5.75%, 6.10%, 6.40%
PASS-THROUGH CERTIFICATES, SERIES 1993-3
CLASS A1, A2, A3, A4, A5, A6, A7 CERTIFICATES
MONTHLY REPORT
January, 1994
Page 2
TRUST ACCOUNT #3331561-0
CUSIP#'S 393505-BD3,BE1,BF8,BG6,BH4,BJ0,BK7
REMITTANCE DATE: 2/15/94
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
-------------- ------------
<S> <C> <C>
(9) Class A-1 Principal Balance 124,979,736.60 867.90278329
(9a) Pool Factor .86790278
(10) Class A-2 Principal Balance 68,578,000.00 1000.0000000
(10a) Class A-2 Pool Factor 1.00000000
(11) Class A-3 Principal Balance 71,525,000.00 1000.0000000
(11a) Class A-3 Pool Factor 1.00000000
(12) Class A-4 Principal Balance 63,956,000.00 1000.0000000
(12a) Class A-4 Pool Factor 1.00000000
(13) Class A-5 Principal Balance 88,420,000.00 1000.0000000
(13a) Class A-5 Pool Factor 1.00000000
(14) Class A-6 Principal Balance 27,866,000.00 1000.0000000
(14a) Class A-6 Pool Factor 1.00000000
(15) Class A-7 Principal Balance 119,404,000.00
(15a) Class A-7 Pool Factor 1.00000000
(16) Class A Scheduled Principal
Deficiency Amount (if any)
following current Remittance
Date .00 .00
C. Aggregate Scheduled Balances and Number
of Delinquent Contracts as of
Determination Date
(17) 31-59 days 3,301,164.86 140
(18) 60 days or more 1,661,039.74 70
(19) Current Month Repossessions 280,407.08 13
(20) Repossession Inventory 715,850.09 33
</TABLE>
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GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 4.60%, 4.90%, 5.20%, 5.45%,
5.75%, 6.10%, 6.40%
PASS-THROUGH CERTIFICATES, SERIES 1993-3
CLASS A1, A2, A3, A4, A5, A6, A7 CERTIFICATES
MONTHLY REPORT
January, 1994
Page 3
TRUST ACCOUNT #3331561-0
CUSIP#'S 393505-BD3,BE1,BF8,BG6,BH4,BJ0,BK7
REMITTANCE DATE: 2/15/94
Class B Principal Distribution Tests (test must be satisfied on and after the
Remittance Date occurring in October 1998)
(21) Sixty-Day Delinquency Amount Test
(a) Sixty-Day Delinquency amount for current Remittance
Date (may not exceed 4% for the current Remittance
Date and each of the 11 preceding Remittance Dates
beginning October 1997) .26%
(22) Thirty-Day Delinquency Amount Test
(a) Thirty-Day Delinquency amount for current Remittance
Date (may not exceed 6% for the current Remittance
Date and each of the 11 preceding Remittance Dates
beginning October 1997) .51%
(23) Cumulative Realized Losses Test
(a) Cumulative Realized Losses for the current Remittance
Date (may not exceed 8% from October 1998 to September
1999, 10% from October 1999 to September 2000, and 11%
thereafter) .01
(24) Current Realized Losses Test
(a) Current Realized Losses for current Remittance
Date (may not exceed 3%) 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 24%) 12.28%
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.85%
PASS-THROUGH CERTIFICATES, SERIES 1993-3
CLASS B AND C CERTIFICATES
MONTHLY REPORT
January, 1994
CUSIP NO. #393505BL5
REMITTANCE DATE: 1/18/94
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
------------ -------------
<S> <C> <C>
(1) Amount Available 8,616,378.56
(2) Remaining Amount Available 2,243,261.63
(2a) Monthly Servicing Fee 540,106.62
(3) Class B Remittance Rate 6.85%
(4) Aggregate Class B Interest 454,396.61 5.70833332
(5) Amount applied to Unpaid Class
B Interest Shortfall .00 .00
(6) Remaining unpaid Class B
Interest Shortfall .00 .00
(7) Class B Percentage 12.28%
(8) Aggregate Principal (Until Class B
Cross-over Date, and on each Remittance
Date thereafter unless each Class B
Principal Distribution Test is satisfied,
Aggregate Principal equals Class B
Principal Liquidation Loss Amount on or
After Class B Cross-over Date, if each
Class B Principal Distribution Test is
satisfied, Aggregate Principal equals Class
B Percentage times formula Principal
Distribution Amount) .00 .00
(9) Class B Principal
Liquidation Loss Amount .00 .00
(10) Amount, if any, by which the Class B Formula
Distribution for such Remittance Date exceeds
the Remaining Amount available for such
Remittance Date
(11) Guarantee Payment
(12) Class B Principal Balance 79,602,326.00
(12a) Class B Pool Factor 1.00000000
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.85%
PASS-THROUGH CERTIFICATES, SERIES 1993-3
CLASS B AND C CERTIFICATES
MONTHLY REPORT
January, 1994
Page 2
CUSIP NO. #393505BL5
REMITTANCE DATE: 2/15/94
(13) 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) 540,106.62
(14) 3% Guaranty Fee 1,620,827.66
(15) Class C Residual Payment 178,037.36
(16) Repossessed Contracts 280,407.08
(17) Repossessed Contracts Remaining in Inventory 715,850.09
(18) Weighted Average Contract Rate 10.23312%
<PAGE>
GTFC
93-3
JANUARY, 1994
Defaulted Contracts
<TABLE>
<CAPTION>
Estimated
Repurchase Loss at
Account# Principal Interest Amount Sale Date
- -------- --------- -------- ---------- ---------
<S> <C> <C> <C> <C>
83312529 18,926.55 94.94 19,021.49 112.84
97318391 27,455.81 137.73 27,593.54 8,288.49
---------- ------- ---------- ---------
TOTALS $46,382.36 $232.67 $46,615.03 $8,401.33
========== ======= ========== =========
</TABLE>
