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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): APRIL 15, 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
- ------------------------------------------------------------------------------
(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 April 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 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
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on April 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: April 15, 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
----------------------------------
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 April 15, 1994.
4
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
MARCH 1994
PAYMENT APRIL 15, 1994
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
<TABLE>
<CAPTION>
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: April 15, 1994
SECURITIZED NET INTEREST MARGIN
- ------------------------------- PER $1,000
CERTIFICATES ORIGINAL
- ------------ ----------
<S> <C> <C>
1. Amount Available 12,041,906.94
Interest
2. Aggregate Interest (20 days) 1,870,697.42 3.68247523
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 1,870,697.42
Principal
6. Current month's principal
distribution 10,171,209.52 20.022066
7. Remaining outstanding principal
balance 477,836,812.24 940.623646
Pool Factor .94062365
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 634,715,722.00
9. Aggregate amount on deposit in
reserve funds:
(i) attributable to the Residual
Assets 69,301,318.36
(ii) attributable to this
securitization 20,332,015.80
10. Aggregate principal balance of
loans refinanced by Green Tree
Financial Corp. 14,325,480.88
11. Weighted average CPR 13.09%
12. Weighted average CDR 2.02%
13. Annualized net loss percentage 0.85%
14. Delinquency 30-59 day 0.54%
60-89 day 0.24%
90+ day 0.46%
Total 30+ 1.24%
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
MARCH 1994
PAYMENT APRIL 15, 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 31,660.74 14,629.83 1,183.25 47,473.82
MaHCS 1987-B 73,745.47 41,488.75 10,964.69 126,198.91
MLMI 1987B 38,177.18 10,318.93 4,594.42 53,090.53
MLMI 1987C 54,656.45 16,719.68 5,671.28 77,047.41
MLMI 1988E 65,755.81 17,377.68 5,532.36 88,665.85
MLMI 1988H 16,003.84 16,003.84
MLMI 1988Q 24,860.94 24,860.94
MLMI 1988X 19,463.60 19,463.60
MLMI 1989B 11,371.33 11,371.33
MLMI 1989D 23,353.48 23,353.48
MLMI 1989F 47,966.59 32,267.59 15,661.75 95,895.93
MLMI 1989H 11,789.87 11,789.87
MLMI 1990B 18,911.40 6,360.37 25,271.77
MLMI 1990D 27,189.04 27,473.37 54,662.41
MLMI 1990G .00
MLMI 1990I .00
MLMI 1991B .00
MLMI 1991D 36,968.71 36,968.71
MLMI 1991G 47,910.07 47,910.07
MLMI 1991I 48,945.74 48,945.74
MLMI 1992B 189,947.32 189,947.32
MLMI 1992D 76,194.70 56,235.22 132,429.92
GTFC 1992-1 652,603.88 91,394.30 30,931.33 774,929.51
GTFC 1992-2 588,076.44 107,715.45 5,403.14 701,195.03
GTFC 1993-1 574,329.52 95,721.58 11,529.62 681,580.72
GTFC 1993-2 1,066,453.32 177,742.22 4,314.77 1,248,510.31
GTFC 1993-3 1,601,413.66 266,902.27 6,196.07 1,874,512.00
GTFC 1993-4 296,842.62 296,842.62
------------ ---------- ------------ ---------- --------------
Conventional 4,822,028.10 .00 1,710,525.41 176,368.14 6,708,921.65
GNMA Servicing Fees 4,160,758.60 376,235.39 4,536,993.99
FHA Payment (1,383,698.85) (1,383,698.85)
Servicing (706,845.32) (706,845.32)
Prepayment shortfalls (122,676.85) (122,676.85)
Liquidation Losses (338,887.46) (338,887.46)
------------ ---------- --------------
GNMA 1,608,650.12 376,235.39 1,984,885.51
------------ ---------- --------------
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Servicing Fees, and Inside Refinance Payments 8,693,807.16
Payment on Finance 1 Note 8,693,807.16
Allocable to Interest (current) (20 days) 1,172,206.76
Allocable to accrued but unpaid Interest
Accrued and unpaid Trustee Fees
Allocable to Principal 7,521,600.40
Finance 1 Note Principal Balance 298,271,467.41
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
MARCH 1994
PAYMENT APRIL 15, 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 3,865.36 3,865.36
MLMI 1988Q 21,182.04 9,696.87 30,878.91
MLMI 1988X 4,249.63 4,249.63
MLMI 1989B 8,021.73 3,745.82 11,767.55
MLMI 1989D 15,139.49 13,308.09 28,447.58
MLMI 1989F .00
MLMI 1989H .00
MLMI 1990B .00
MLMI 1990D 10,137.31 10,137.31
MLMI 1990G 19,221.44 19,221.44
MLMI 1990I 49,856.78 49,856.78
MLMI 1991B 39,823.12 39,823.12
MLMI 1991D 67,038.13 42,169.74 109,207.87
MLMI 1991G 86,345.50 131,001.47 217,346.97
MLMI 1991I 29,165.32 77,395.31 106,560.63
MLMI 1992B 510,919.24 138,268.96 649,188.20
MLMI 1992D 136,592.76 136,592.76
GTFC 1992-1 .00
GTFC 1992-2 .00
GTFC 1993-1 137,818.92 137,818.92
GTFC 1993-2 33,939.21 33,939.21
GTFC 1993-3 356,637.77 356,637.77
GTFC 1993-4 1,402,559.77 1,402,559.77
------------ ---------- ------------
2,805,359.88 542,739.90 3,348,099.78
Total Residual and Inside
Refinance Payments 3,348,099.78
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</TABLE>
