GREEN TREE FINANCIAL CORP
8-K, 1995-09-19
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): SEPTEMBER 15, 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 September 15, 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 September 15, 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:  September 15, 1995


                                 SECUTIZED 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 September 15, 1995.

                                       4

<PAGE>

                         GREEN TREE FINANCIAL CORPORATION
                       NET INTEREST MARGIN TRUST 1995-A
                                 AUGUST, 1995
                          PAYMENT SEPTEMBER 15, 1995
              7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

                                          CUSIP #             393534AC6
                                          Trust Account #     33-34309-0
                                          Distribution Date:  September 15, 1995

<TABLE> 
<CAPTION> 

Securitized Net Interest Margin                                     
-------------------------------                                      Per $1,000
Certificates                                                          Original
------------                                                         ----------
<S>                                           <C>                    <C> 
1.  Amount Available                          7,965,777.46

Interest

2.  Aggregate Interest                        1,802,089.29           5.85093925

3.  Amount Applied to:
    (a) accrued but unpaid Interest

4.  Remaining:
    (a) accrued but unpaid Interest

5.  Monthly Interest                          1,802,089.29

Principal

6.  Current month's principal
    distribution                              6,163,688.17          20.01197458

7.  Remaining outstanding principal
    balance                                 292,113,159.19          948.4193480
    Pool Factor                                  .94841935

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             379,064,966.92

9.  Aggregate amount on deposit
    in reserve fund                           7,505,012.33

10. Aggregate principal balance of
    loans refinanced by Green Tree
    Financial                                    13,398.35

11. Weighted average CPR                             6.54%

12. Weighted average CDR                             0.40%

13. Annualized net loss percentage                   0.14%

14. Delinquency    30-59 day                         0.87%
                   60-89 day                         0.29%
                   90+ day                           0.28%
                   Total 30+                         1.44%
</TABLE> 

<PAGE>

                       GREEN TREE FINANCIAL CORPORATION
                           NET INTEREST MARGIN TRUST
                                  AUGUST 1995
                          PAYMENT SEPTEMBER 15, 1995

<TABLE> 
<CAPTION> 
                                              Fee Assets
                         ----------------------------------------------------
                          Guarantee            Inside             Fee Asset
                             Fees               Refi                Total
                         ------------         ---------          ------------
<S>                      <C>                  <C>                <C>  
GTFC 1994-5                779,234.59               .00            779,234.59
GTFC 1994-6                883,975.58          1,128.22            885,103.80
GTFC 1994-7                604,655.42               .00            604,655.42
GTFC 1994-8                869,104.29               .00            869,104.29
GTFC 1995-1                798,458.37               .00            798,458.37
GTFC 1995-2                       .00               .00                   .00
GTFC 1995-3              1,018,250.74               .00          1,018,250.74
GTFC 1995-4                791,237.40               .00            791,237.40
GTFC 1995-5                       .00               .00                   .00
                         ------------          --------          ------------
                         5,744,916.39          1,128.22          5,746.044.61

Total amount of Guarantee Fees and Inside
 Refinanced Payments                                             5,746,044.61

Payment on Finance 1 Note                                        5,746,044.61

Allocable to Interest (current)                                  1,321,995.63

Allocable to accrued but unpaid Interest                                  .00

Accrued and unpaid Trustee Fees                                           .00

Allocable to Principal                                           4,424,048.98

Finance 1 Note Principal Balance                               214,389,020.71
</TABLE> 
<PAGE>
                       GREEN TREE FINANCIAL CORPORATION
                           NET INTEREST MARGIN TRUST
                                  AUGUST 1995
                           PAYMENT SEPTEMBER 15,1995
<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          899,154.66           .00          899,154.66
GTFC 1995-3                 .00           .00                 .00
GTFC 1995-4          165,163.55           .00          165,163.55
GTFC 1995-5        1,155,414.64           .00        1,155,414.64
                   ------------       -------        ------------
                   2,219,732.85           .00        2,219,732.85

Total Residual and Inside Refinance Payments         2,219,732.85  

</TABLE> 


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