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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): MAY 16, 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 May 16, 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 May 16, 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: May 16, 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 May 16, 1994.
4
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
April 1994
PAYMENT MAY 16, 1994
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: May 16, 1994
<TABLE>
<CAPTION>
SECURITIZED NET INTEREST MARGIN PER $1,000
- - -------------------------------
CERTIFICATES ORIGINAL
- - ------------ ----------
<C> <S> <C> <C>
1. Amount Available 10,573,071.79
Interest
2. Aggregate Interest (20 days) 2,747,561.67 5.40858597
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 2,747,561.67
Principal
6. Current month's principal
distribution 7,825,510.12 15.4045475
7. Remaining outstanding principal
balance 470,011,302.12 925.219099
Pool Factor .92521910
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 641,098,178.00
9. Aggregate amount on deposit in
reserve funds:
(i) attributable to the Residual
Assets 69,674,973.00
(ii) attributable to this
securitization 20,384,736.94
10. Aggregate principal balance of
loans refinanced by Green Tree
Financial Corp. 9,241,076.78
11. Weighted average CPR 12.08%
12. Weighted average CDR 1.85%
13. Annualized net loss percentage 0.76%
14. Delinquency 30-59 day 0.75%
60-89 day 0.26%
90+ day 0.46%
Total 30+ 1.47%
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
APRIL 1994
PAYMENT MAY 16, 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 33,601.61 14,309.75 3,001.85 50,913.21
MaHCS 1987-B 113,590.69 40,482.00 2,688.79 156,761.48
MLMI 1987B 71,826.82 10,097.82 11,437.91 93,362.55
MLMI 1987C 80,966.16 16,416.53 6,476.91 103,859.60
MLMI 1988E 101,275.37 17,036.42 4,418.38 122,730.17
MLMI 1988H 15,608.31 15,608.31
MLMI 1988Q 24,268.70 24,268.70
MLMI 1988X 18,955.73 18,955.73
MLMI 1989B 11,170.85 11,170.85
MLMI 1989D 22,698.73 22,698.73
MLMI 1989F .00 31,519.07 14,110.01 45,629.08
MLMI 1989H 14,141.90 11,610.28 25,752.18
MLMI 1990B 18,462.01 4,499.53 22,961.54
MLMI 1990D 45,279.52 26,977.06 72,256.58
MLMI 1990G .00 .00
MLMI 1990I .00 .00
MLMI 1991B .00 .00
MLMI 1991D 35,996.65 35,996.65
MLMI 1991G 46,863.13 46,863.13
MLMI 1991I .00 .00
MLMI 1992B 185,836.71 185,836.71
MLMI 1992D 75,087.57 23,339.01 98,426.58
GTFC 1992-1 563,627.77 90,201.64 10,695.94 664,525.35
GTFC 1992-2 377,325.18 106,374.58 5,100.78 488,800.54
GTFC 1993-1 567,863.47 94,643.92 9,133.65 671,641.04
GTFC 1993-2 1,054,359.64 175,947.24 .00 1,230,306.88
GTFC 1993-3 1,588,805.79 264,800.97 719.15 1,854,325.91
GTFC 1993-4 294,625.82 294,625.82
------------ ------- ---------- --------- ------------
Conventional 4,598,522.02 .00 1,652,523.11 107,232.19 6,358,277.32
GNMA Servicing Fees 4,026,175.34 220,673.44 4,246,848.78
FHA Payment (1,540,267.99) (1,540,267.99)
Servicing (693,914.39) (693,914.39)
Prepayment shortfalls (149,822.97) (149,822.97)
Liquidation Losses (423,423.22) (423,423.22)
------------ ------------ ------------
GNMA 1,218,746.77 220,673.44 1,439,420.21
------------ ------------ ------------
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Servicing Fees, and Inside Refinance Payments 7,797,697.52
Payment on Finance 1 Note 7,797,697.52
Allocable to Interest (current) (20 days) 1,715,060.94
Allocable to accrued but unpaid Interest
Accrued and unpaid Trustee Fees
Allocable to Principal 6,082,636.59
Finance 1 Note Principal Balance 292,188,830.82
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
APRIL 1994
PAYMENT MAY 16, 1994
<TABLE>
<CAPTION>
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 78,717.84 2,262.69 80,980.53
MLMI 1988Q 65,017.21 10,329.87 75,347.08
MLMI 1988x 34,655.55 5,544.95 40,200.50
MLMI 1989B 9,545.55 4,862.93 14,408.48
MLMI 1989D .00 7,507.91 7,507.91
MLMI 1989F .00
MLMI 1989H .00
MLMI 1990B .00
MLMI 1990D 14,263.95 14,263.95
MLMI 1990G 18,288.96 18,288.96
MLMI 1990I 114,377.84 114,377.84
MLMI 1991B 56,624.41 56,624.41
MLMI 1991D 161,637.46 23,153.68 184,791.14
MLMI 1991G 43,009.31 59,253.78 102,263.09
MLMI 1991I .00 44,876.66 44,876.66
MLMI 1992B 513,634.74 101,455.57 615,090.31
MLMI 1992D 35,025.74 35,025.74
GTFC 1992-1 .00
GTFC 1992-2 .00
GTFC 1993-1 23,424.54 23,424.54
GTFC 1993-2 .00 .00
GTFC 1993-3 56,300.77 56,300.77
GTFC 1993-4 1,291,602.36 1,291,602.36
------------ ------------ ------------
2,312,571.07 462,803.20 2,775,374.27
Total Residual and Inside
Refinance Payments 2,775,374.27
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</TABLE>
