GREEN TREE FINANCIAL CORP
8-K, 1995-10-20
ASSET-BACKED SECURITIES
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<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): OCTOBER 16, 1995


            GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1995-A
            (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
             (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
<PAGE>
 
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 October 16, 1995, 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 October 16,
                             1995.

                                       2
<PAGE>
 


     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:  October 16, 1995


                                 SECURITIZED NET INTEREST MARGIN
                                 TRUST 1995-A

                                 By  GREEN TREE FINANCIAL CORPORATION
                                     as Servicer with respect to the Trust

 
                                 By: /s/Phyllis A. Knight
                                     ----------------------------
                                     Phyllis A. Knight
                                     Assistant Vice President and
                                       Assistant Controller



                                       3
<PAGE>
 
                                  INDEX TO EXHIBITS



EXHIBIT
NUMBER                                                                PAGE
- ------                                                                ----

99.1            Monthly Report delivered to Certificateholders          5
                on October 16, 1995.

                                       4

<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                SEPTEMBER, 1995
                            PAYMENT OCTOBER 16, 1995
               7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES
 
                                        CUSIP#                393534AC6
                                        Trust Account #       33-34309-0
                                        Distribution Date:    October 16, 1995
 
SECURITIZED NET INTEREST MARGIN                                     PER $1,000
CERTIFICATES                                                         ORIGINAL
- -------------------------------                                     ----------
1.   Amount Available                          8,348,624.99
 
Interest
 
2.   Aggregate Interest                        1,764,850.34          5.73003357
 
3.   Amount Applied to:
     (a)   accrued but unpaid Interest
 
4.   Remaining:
     (a)   accrued but unpaid Interest
 
5.   Monthly Interest                          1,764,850.34
 
Principal
 
6.   Current month's principal
     distribution                              6,583,774.65         21.37589172
 
7.   Remaining outstanding principal
     balance                                 285,529,384.54         927.0434563
     Pool Factor                                  .92704346
 
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             387,998,835.49
 
9.   Aggregate amount on deposit
     in reserve fund                           7,500,000.00
 
10.  Subordinated Certificateholder payment
     (interest earnings on Reserve Fund,
     pursuant to Section 5.8)                     84,907.54
 
11.  Aggregate principal balance of
     loans refinanced by Green Tree
     Financial                                   200,815.27
 
12.  Weighted average CPR                             6.52%
                                                      
13.   Weighted average CDR                            0.71%
                                                      
14.   Annualized net loss percentage                  0.21%
                                                      
15.   Delinquency          30-59 day                  1.09%
                           60-89 day                  0.36%
                           90+ day                    0.36%
                           Total 30+                  1.81%
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                           NET INTEREST MARGIN TRUST
                                SEPTEMBER 1995
                           PAYMENT OCTOBER 16, 1995

<TABLE>
<CAPTION>
                                       Fee Assets
                        ----------------------------------------
 
                         Guarantee      Inside        Fee Asset
                            Fees         Refi           Total
                        ------------  ----------      ----------
<S>                     <C>             <C>          <C>
 
GTFC 1994-5               648,498.53    3,229.16      651,727.69
GTFC 1994-6               800,395.17   12,914.33      813,309.50
GTFC 1994-7               555,760.67         .00      555,760.67
GTFC 1994-8               768,241.76         .00      768,241.76
GTFC 1995-1               733,736.05         .00      733,736.05
GTFC 1995-2                      .00         .00             .00
GTFC 1995-3             1,229,966.34         .00    1,229,966.34
GTFC 1995-4               785,976.00         .00      785,976.00
GTFC 1995-5                      .00         .00             .00
                        ------------  ----------    ------------
                        5,522,574.52   16,143.49    5,538,718.01
 
 
Total amount of Guarantee Fees and Inside
  Refinance Payments                                5,538,718.01
                                                    
Payment on Finance 1 Note                           5,538,718.01
                                                    
Allocable to Interest (current)                     1,295,267.00
                                                    
Allocable to accrued but unpaid Interest                     .00
                                                    
Accrued and unpaid Trustee Fees                              .00
                                                    
Allocable to Principal                              4,243,451.01
 
Finance 1 Note Principal Balance                  210,145,569.70
</TABLE>
<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                           NET INTEREST MARGIN TRUST
                                 SEPTEMBER 1995
                            PAYMENT OCTOBER 16, 1995

<TABLE>
<CAPTION>
                                    Inside
                   Residual          Refi           Total
                 ------------      --------      ------------
<S>              <C>               <C>           <C>
 
GTFC 1994-5               .00           .00               .00
GTFC 1994-6               .00           .00               .00
GTFC 1994-7               .00           .00               .00
GTFC 1994-8               .00           .00               .00
GTFC 1995-1               .00           .00               .00
GTFC 1995-2        830,008.85      1,295.54        831,304.39
GTFC 1995-3        695,622.40           .00        695,622.40
GTFC 1995-4        166,512.35           .00        166,512.35
GTFC 1995-5      1,116,467.84           .00      1,116,467.84
                 ------------      --------      ------------
 
                 2,808,611.44      1,295.54      2,809,906.98
 
Total Residual and Inside Refinance Payments     2,809,906.98
 
</TABLE>


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