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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
FHA TITLE I HOME IMPROVEMENT LOAN TRUST 1995-E
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-55853 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
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(Former name or former address, if changed since last report.)
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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 Trust
(N.A.) (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
6.05 of the Pooling and Servicing Agreement attached hereto as
Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
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99.1 Monthly Report delivered to
Certificateholders on October 16, 1995.
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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: October 16, 1995
FHA TITLE I HOME IMPROVEMENT LOAN TRUST 1995-E
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/Phyllis A. Knight
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Phyllis A. Knight
Assistant Vice President and
Assistant Controller
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INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
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99.1 Monthly Report delivered to Certificateholders on 5
October 16, 1995.
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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 he 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 September 1, 1995 between the
Company and First Trust (N.A), as Trustee of FHA Title I Home Improvement Loan
Trust 1995-E (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 September 1, 1995 to September 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 11th day of
October, 1995.
GREEN TREE FINANCIAL CORP.
BY: /s/Phyllis A. Knight
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Phyllis A. Knight
Assistant Vice President and
Assistant Controller
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GREEN TREE FINANCIAL CORP.
CERTIFICATE REGARDING REPURCHASED CONTRACTS
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 he is duly authorized to execute and deliver this
certificate on behalf of the Company pursuant to Section 8.06 of the Pooling and
Servicing Agreement (the "Agreement") dated as of September 1, 1995 between the
Company and First Trust National Association, as Trustee of FHA Title I Home
Improvement Loan Trust 1995-E (all capitalized terms used herein without
definition having the respective meanings specified in the Agreement), and
further certifies that:
1. The contracts on the attached schedule are to be repurchased by the
Company on the date hereof pursuant to Sections 3.05 of the Agreement.
2. Upon deposit of the Repurchase Price for such Contracts, such Contracts
may, pursuant to Section 8.06 of the Agreement, be assigned by the Trustee
to the Company.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 11th day of
October, 1995.
GREEN TREE FINANCIAL CORP.
BY: /s/Phyllis A. Knight
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Phyllis A. Knight
Assistant Vice President and
Assistant Controller
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HOME IMPROVEMENT LOAN
CERTIFICATES FOR HOME IMPROVEMENT LOANS 6.80%
GREEN TREE TRUST
1995-E
MONTHLY REPORT
September 1995
Distribution Date: 10/16/95
CUSIP#: 393505 JD5
Trust Account: 3334396-0
A. Collected Amount $1,416,376.04
B. Delinquent Payments Advanced/Recovered 27,165.72
C. Aggregate Repurchase Price for Contracts
to be Repurchased .00
D. Amount Available (A+B+C) 1,443,541.76
E. Monthly Principal (6.80%) 146,160.16
(1) Regular Principal Payments $281,830.00
(2) Principal Prepayments 767,580.80
(3) Delinquent Principal Advanced 16,357.24
(4) Net Losses .00
(5) Contracts Repurchased due to Breach
of Representations and Warranties
(See attached) .00
(6) Bankruptcy Write-Down .00
(7) Unpaid Principal from Prior Months .00
(8) Delinquent Payments Recovered .00
Total Principal 1,065,768.04
G. Monthly Servicing Fee (.75%) 20,150.76
H. Advances Reimbursed .00
I. Guaranty Fee 211,462.80
J. Shortfall ((E+F+(if Company is not the
Servicer)G)-D) .00
K. Guaranty Payment (lesser of J or Guaranty Amount
from prior month) .00
L. Aggregate Certificate Principal Balance 31,175,443.96
M. New Guaranty Amount (lessor of (1) Guaranty
Amount from prior month - K or (2)L) 3,224,212.00
N. Pool Scheduled Prinicipal Balance 31,175,443.96
O. Pool Factor
(1) Previous Month Pool Factor 1.00000000
(2) Current Month Pool Factor .96694392
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HOME IMPROVEMENT LOAN
CERTIFICATES FOR HOME IMPROVEMENT LOANS 6.80%
GREEN TREE TRUST
1995-E
MONTHLY REPORT
September 1995
Distribution Date: 10/16/95
CUSIP#: 393505 JD5
Trust Account: 3334396-0
P. Aggregate Scheduled Balances and Number of
Delinquent Contracts
(a) 31-59 days 118,264.63 18
(b) 60-89 days 37,158.77 5
(c) 90 or more days .00 0
Q. Liquidated Contracts 0 .00
(1) Net Liquidation Loss .00
R. Number of Loans Remaining 5,530
S. Number and Principal Balance of Contracts
with FHA Claims finally rejected, or no FHA
claim was submitted because FHA Insurance
was unavailable 0 .00
T. Average Sixty-Day Delinquency Ratio .12
U. Current Realized Loss Ratio .00
V. Cumulative Realized Loss Ratio .00
Please contact the Bondholder Relations Department of First Trust National
Association at (612) 244-0444 with any questions regarding this Statement
or any Distribution.
