<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): JULY 17, 1995
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE
------------------------------------------------
PASS-THROUGH CERTIFICATE TRUST 1995-2
-------------------------------------
(Exact name of registrant as specified in its charter)
MINNESOTA 33-55855 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 July 17, 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 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 July 17, 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: July 17, 1995
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH
CERTIFICATE TRUST 1995-2
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
<TABLE>
<CAPTION>
EXHIBIT
NUMBER PAGE
- ------ ----
<S> <C> <C>
99.1 Monthly Report delivered to Certificateholders 5
on July 17, 1995.
</TABLE>
4
<PAGE>
GREEN TREE FINANCIAL CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that she is assistant vice president and assistant
controller of Green Tree Financial Corp., a Minnesota corporation (the
"Company"), and that as such she 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 April 1, 1995 95-2 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 June 1, 1995 to June 30, 1995
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 12th day of July,
1995.
GREEN TREE FINANCIAL CORP.
BY: /s/Phyllis A. Knight
-----------------------------
Phyllis A. Knight
Assistant Vice President and
Assistant Controller
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.80%, 7.25%, 7.45%,
7.85%, 8.00%. 8.30%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS A1, A2, A3, A4, A5, A6 CERTIFICATES
MONTHLY REPORT
June, 1995
CUSIP#'S 393505-FS6,FT4,FU1,FV9,FW7,FX5
TRUST ACCOUNT #3334095-0
REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------- -----------
<S> <C> <C>
Class A Certificates
- --------------------
(1a) Amount available (including Monthly
Servicing Fee) $5,622,437.78
(b) Class M-1 Interest Deficiency Amount
(if any) and Class B-1 Interest
Deficiency Amount (if any) withdrawn
for prior Remittance Date 0.00
(c) Amount Available after giving effect to
withdrawal of Class M-1 Interest
Deficiency Amount and B-1 Interest
Deficiency Amount for prior Remittance
Date 0.00
A. Interest
(2) Aggregate Interest
a. Class A-1 Remittance Rate
(6.80%,unless Weighted Average
Contract Rate is below 6.80%) 6.80%
b. Class A-1 Interest 196,169.68 5.02999179
c. Class A-2 Remittance Rate
(7.25%,unless Weighted Average
Contract Rate is below 7.25%) 7.25%
d. Class A-2 Interest 338,333.33 6.04166661
e. Class A-3 Remittance Rate
(7.45%,unless Weighted Average
Contract Rate is below 7.45%) 7.45%
f. Class A-3 Interest 217,291.67 6.20833343
g. Class A-4 Remittance Rate
(7.85%,unless Weighted Average
Contract Rate is below 7.85%) 7.85%
h. Class A-4 Interest 274,750.00 6.54166667
i. Class A-5 Remittance Rate
(8.00%,unless Weighted Average
Contract Rate is below 8.00%) 8.00%
j. Class A-5 Interest 320,000.00 6.66666667
k. Class A-6 Remittance Rate
(8.30%,unless Weighted Average
Contract Rate is below 8.30%) 8.30%
l. Class A-6 Interest 340,300.00 6.91666667
(3) Amount applied to:
a. Unpaid Class A Interest
Shortfall .00 .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.80%, 7.25%, 7.45%,
7.85%, .00%. 8.30%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS A1, A2, A3, A4, A5, A6 CERTIFICATES
MONTHLY REPORT
June, 1995
Page 2
CUSIP#'S 393505-FS6,FT4,FU1,FV9,FW7,FX5
TRUST ACCOUNT #3334095-0
REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------- -------------
<S> <C> <C>
(4) Remaining:
a. Unpaid Class A Interest
Shortfall .00 .00
B. Principal
(5) Formula Principal Distribution
Amount 2,550,088.61 N/A
a. Scheduled Principal 484,599.67 N/A
b. Principal Prepayments 1,277,710.86 N/A
c. Liquidated Contracts 43,466.83 N/A
d. Repurchases 744,311.25 N/A
(6) Pool Scheduled Principal
Balance 321,324,702.76 978.88265160
(6a) Pool Factor .97888265
(7) Unpaid Class A Principal Shortfall
(if any) following prior Remittance
date .00
(8) Class A Percentage for such Remittance
Date (Until Class B Cross-Over Date,
and on each Remittance Date thereafter
unless each Class B Principal
Distribution Test is satisfied, equals
Class A Principal Balance dividend by
pool Scheduled Principal Balance) 90.87%
(9) Class A Percentage for the following
Remittance Date 90.80%
(10) Class A Principal Distribution:
a. Class A-1 2,550,088.61 65.38688744
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
(11) Class A-1 Principal Balance 32,068,090.76 822.25873744
(11a) Class A-1 Pool Factor .82225874
(12) Class A-2 Principal Balance 56,000,000.00 1000.0000000
(12a) Class A-2 Pool Factor 1.00000000
(13) Class A-3 Principal Balance 35,000,000.00 1000.0000000
(13a) Class A-3 Pool Factor 1.00000000
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.80%, 7.25%, 7.45%,
7.85%, 8.00%. 8.30%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS A1, A2, A3, A4, A5, A6 CERTIFICATES
MONTHLY REPORT
June, 1995
Page 3
CUSIP#'S 393505-FS6,FT4,FU1,FV9,FW7,FX5
TRUST ACCOUNT #3334095-0
REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
---------- ------------
<S> <C> <C>
(14) Class A-4 Principal Balance 42,000,000.00 1000.0000000
(14a) Class A-4 Pool Factor 1.00000000
(15) Class A-5 Principal Balance 48,000,000.00 1000.0000000
(15a) Class A-5 Pool Factor 1.00000000
(16) Class A-6 Principal Balance 49,200,000.00 1000.0000000
(16a) Class A-6 Pool Factor 1.00000000
(17) Unpaid Class A Principal Shortfall
(if any) following current Remittance
Date .00
C. Aggregate Scheduled Balances and Number of Delinquent
Contracts as of Determination Date
(18) 31-59 days 1,631,340.35 59
(19) 60 days or more 740,597.67 23
(20) Current Month Repossessions 154,125.59 6
(21) Repossession Inventory 261,901.90 10
Class B Principal Distribution Tests (test must be satisfied on and
after the Remittance Date occurring in May 1999)
(22) Average Sixty-Day Delinquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current
Remittance Date .23%
(b) Average Sixty-Day Delinquency Ratio (arithmetic
average of ratios for this month and two preceding
months; may not exceed 3.5%) .10%
(23) Average Thirty-Day Delinquency Ratio Test
(a) Thirty-Day Delinquency Ratio for current
Remittance Date .51%
(b) Average Thirty-Day Delinquency Ratio (arithmetic
average of ratios for this month and two preceding
months; may not exceed 5.5%) .25%
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.80%, 7.25%, 7.45%,
7.85%, 8.00%. 8.30%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS A1, A2, A3, A4, A5, A6 CERTIFICATES
MONTHLY REPORT
June, 1995
Page 4
CUSIP#'S 393505-FS6,FT4,FU1,FV9,FW7,FX5
TRUST ACCOUNT #3334095-0
REMITTANCE DATE: 7/17/95
<TABLE>
<S> <C>
(24) Cumulative Realized Losses Test
(a) Cumulative Realized Losses for the current Remittance
Date (as a percentage of Cut-off Date Pool Principal
Balance; may not exceed 5.5% from May 1, 1999 to
April 30, 2000, 6.5% from May 1, 2000 to
April 30, 2001, 8.5% from May 1, 2001 to
April 30, 2002 and 9.5% thereafter) .003%
(25) Current Realized Losses Test
(a) Current Realized Losses for current Remittance
Date 10,774.43
(b) Current Realized Loss Ratio (total Realized Losses for
the most recent three months, multiplied by 4, divided by
arithmetic average of Pool Scheduled Principal Balances for
third preceding Remittance and for current Remittance Date;
may not exceed 2.25%) .01%
(26) 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 13.5%) and the Class B Principal Balance
as of such Remittance Date is greater than or equal
to $6,565,132.00 9.13%
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING COVNTRACT SENIOR/SUBORDINATE 8.65%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS M1 CERTIFICATES
MONTHLY REPORT CUSIP#'S 393505-FY3
June, 1995 TRUST ACCOUNT #3334095-0
Page 5 REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
---------- ------------
<S> <C> <C>
CLASS M1 CERTIFICATES
---------------------
(27) Amount available (including Monthly
Servicing Fee) 1,385,504.48
A. Interest
(28) Aggregate interest
a. Class M-1 Remittance Rate (8.65%,
unless Weighted Average Contract
Rate is below 8.65%) 8.65%
b. Class M-1 Interest 212,645.83 7.20833322
(29) Amount applied to Class M-1 Interest
Deficiency Amount .00 0
(30) Remaining unpaid Class M-1 Interest
Deficiency Amount .00 0
(31) Amount Applied to:
a. Unpaid Class M-1 Interest Shortfall .00 0
(32) Remaining:
a. Unpaid Class M-1 Interest Shortfall .00 0
B. Principal
(33) Formula Principal Distribution Amount
a. Scheduled Principal .00 N/A
b. Principal Prepayments .00 N/A
c. Liquidated Contracts .00 N/A
d. Repurchases .00 N/A
(34) Class M-1 Principal Balance 29,500,000.00 1000.00000000
(34a) Class M-1 Pool Factor 1.00000000
(35) Class M-1 Percentage after prior
Remittance Date .00%
(36) Class M-1 Percentage for such Remittance
Date .00%
(37) Class M-1 Percentage for the following
Remittance Date .00%
(38) Class M-1 Principal Distribution:
a. Class M-1 .00 0.00000000
b. Unpaid Class M-1 Principal Shortfall
(if any) following prior Remittance
Date .00
(39) Unpaid Class M-1 Principal Shortfall
(if any) following current Remittance
Date .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 8.60%, 8.80%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS B CERTIFICATES
MONTHLY REPORT
June, 1995
CUSIP#'S 393505-FZ0, GA4
REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
---------- ------------
<S> <C> <C>
Class B1 Certificates
------------------------
(1) Amount Available less the Class A
Distribution Amount and Class M-1
Distribution amount (including Monthly
Servicing Fee) 1,172,858.65
(2) Class B-1 Remittance Rate (8.60% unless
Weighted Average Contract Rate is
below 8.60%) 8.60%
(3) Aggregate Class B1 Interest 93,883.33 7.16666641
(4) Amount applied to Unpaid Class
B1 Interest Shortfall .00 .00
(5) Remaining unpaid Class B1
Interest Shortfall .00 .00
(6) Amount applied to Class B1 Interest
Deficiency Amount .00
(7) Remaining Unpaid Class B-1 Interest
Deficiency Amount .00
(8) Unpaid Class B1 Principal Shortfall
(if any) following prior Remittance Date .00
(9) Class B Percentage for such Remittance Date
(until Class B Cross-over Date, and on each
Remittance Date thereafter unless each Class
B Principal Distribution Test is satisfied,
equals zero. Thereafter, if each Class B
Principal Distribution Test is satisfied,
equals 100% minus Class A Percentage) .00
(9a) Class B Percentage for the following
Remittance Date .00
(10) Class B1 Principal (Class B Percentage of
Formula Principal Distribution Amount) .00
(11a) Class B1 Principal Shortfall .00
(11b) Unpaid Class B1 Principal Shortfall .00
(12) Class B Principal Balance 29,556,612.00
(13) Class B1 Principal Balance 13,100,000.00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 8.60%, 8.80%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS B CERTIFICATES
MONTHLY REPORT
June, 1995
Page 2
CUSIP#'S 393505-FZ0, GA4
TRUST ACCOUNT #3334095-0
REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------- -------------
<S> <C> <C>
Class B2 and C Certificates
---------------------------
(12) Remaining Amount Available 1,078,975.32
(13) Class B-2 Remittance Rate (8.80%
unless Weighted Average Contract
Rate is less than 8.80%) 8.80%
14) Aggregate Class B2 Interest 120,681.82 7.33333325
(15) Amount applied to Unpaid Class
B2 Interest Shortfall .00 .00
(16) Remaining Unpaid Class B2
Interest Shortfall .00 .00
(17) Unpaid Class B2 Principal Shortfall
(if any) following prior Remittance Date .00
(18) Class B2 Principal Liquidation Loss Amount .00
(19) Class B2 Principal (zero until Class B1
paid down; thereafter, Class B Percentage
of Formula Principal Distribution Amount) .00
(20) Guarantee Payment .00
(21) Class B2 Principal Balance 16,456,612.00
(22) 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, Class M-1 Distribution
Amount and Class B2 Distribution Amount;
if the Company is the Servicer) 134,947.83
(23) 3% Guarantee Fee 809,686.98
(24) Class C Residual Payment 13,658.69
(25) Class M-1 Interest Deficiency on such
Remittance Date .00
(26) Class B-1 Interest Deficiency on such
Remittance Date .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 8.60%, 8.80%
PASS-THROUGH CERTIFICATES, SERIES 1995-2
CLASS B CERTIFICATES
MONTHLY REPORT
June, 1995
Page 3
CUSIP#'S 393505-FZ0, GA4
TRUST ACCOUNT #3334095-0
REMITTANCE DATE: 7/17/95
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
----------- ------------
<S> <C> <C>
(27) Repossessed Contracts 154,125.59
(28) Repossessed Contracts Remaining
in Inventory 261,901.90
(29) Weighted Average Contract Rate 12.04327
</TABLE>
<PAGE>
GTFC
1995-2
June, 1995
Defaulted Contracts
<TABLE>
<CAPTION>
Estimated
Repurchase Loss at
Account# Principal Interest Amount Sale Date
- -------- --------- -------- ---------- ---------
<S> <C> <C> <C> <C>
28319600 12,892.99 87.02 12,980.01 .00
29313152 23,823.31 160.80 23,984.11 9,941.28
44300037 6,750.53 45.56 6,796.09 833.15
---------- ------- ---------- ----------
TOTALS $43,466.83 $293.38 $43,760.21 $10,774.43
========== ======= ========== ==========
</TABLE>
<PAGE>
GTFC
1995-2
June, 1995
Contracts Repurchased Due to
Breach of Representation and Warranties
<TABLE>
<CAPTION>
Repurchase
Account# Principal Interest Amount
- -------- --------- -------- ----------
<S> <C> <C> <C>
21416776 66,204.78 446.88 66,651.66
24409899 55,966.44 377.77 56,344.21
24409963 58,009.00 391.56 58,400.56
29413106 53,836.66 363.40 54,200.06
45402010 98,535.01 665.11 99,200.12
52408811 55,131.02 372.13 55,503.15
53414921 56,265.11 379.79 56,644.90
57413902 70,332.67 474.75 70,807.42
57414027 52,405.19 353.74 52,758.93
57414071 101,670.16 686.27 102,356.43
96417621 75,955.21 512.70 76,467.91
----------- -------- -----------
TOTALS $744,311.25 $5024.10 $749,335.35
=========== ======== ===========
</TABLE>
