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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): AUGUST 15, 1994
GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1994-B
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-53527 APPLIED FOR
- - -----------------------------------------------------------------------------
(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.
------------
Pursuant to the Pooling and Servicing Agreement between Green Tree
Financial Corporation (the "Servicer") and First Bank National
Association (the "Trustee"), on August 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 August 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: August 15, 1994
SECUTIZED NET INTEREST MARGIN
TRUST 1994-B
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 August 15, 1994.
4
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-B
JULY 1994
PAYMENT AUGUST 15, 1994
7.85% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP# 393534AB8
Trust Account # 33-31958-0
Distribution Date: August 15, 1994
<TABLE>
<CAPTION>
SECURITIZED NET INTEREST MARGIN
- - ------------------------------- PER $1,000
CERTIFICATES ORIGINAL
- - ------------ ----------
<S> <C> <C> <C>
1. Amount Available 3,953,185.35
Interest
2. Aggregate Interest - 42 days to
Green Tree 846,230.00 9.15833333
- 18 days to
certificate
holders 362,670.00
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 1,208,900.00
Principal
6. Current month's principal
distribution 2,744,285.35 29.7000579
7. Remaining outstanding principal
balance 89,655,714.65 970.299942
Pool Factor .97029994
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 128,336,279.00
9. Aggregate principal balance of
loans refinanced by Green Tree
Financial Corp. 0.00
11. Weighted average CPR 4.78%
12. Weighted average CDR 0.07%
13. Annualized net loss percentage 0.01%
14. Delinquency 30-59 day 0.37%
60-89 day 0.10%
90+ day 0.05%
Total 30+ 0.52%
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
JULY 1994
PAYMENT AUGUST 15, 1994
<TABLE>
<CAPTION>
Fee Assets
-----------------------------------------
Guarantee Inside Fee Asset
Fees Refi Total
------------ ------------- ------------
<S> <C> <C> <C>
GTFC 1994-1 2,216,679.26 .00 2,216,679.26
GTFC 1994-2
GTFC 1994-3
GTFC 1994-4
------------ ------------ ------------
Conventional 2,216,679.26 .00 2,216,679.26
Total amount of Guarantee Fees and Inside
Refinance Payments 2,216,679.26
Payment on Finance 1 Note 2,216,679.26
Allocable to Interest (current) 453,991.67
Allocable to accrued but unpaid Interest
Accrued and unpaid Trustee Fees
Allocable to Principal 1,762,687.59
Finance 1 Note Principal Balance 32,937,312.41
</TABLE>
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GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST
JULY 1994
PAYMENT AUGUST 15, 1994
<TABLE>
<CAPTION>
Inside
Residual Refi Total
------------ ------------ ------------
<S> <C> <C> <C>
GTFC 1994-1
GTFC 1994-2 1,370,290.41 1,370,290.41
GTFC 1994-3 366,215.68 366,215.68
GTFC 1994-4 .00 .00
------------ ------------ ------------
1,736,506.09 .00 1,736,506.09
------------ ------------ ------------
Total Residual and Inside
Refinance Payments 1,736,506.09
</TABLE>
