GREEN TREE FINANCIAL CORP
8-K, 1995-11-17
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): NOVEMBER 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 November 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 November 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:  November 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 November 15, 1995.





                                       4

<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                 OCTOBER, 1995
                           PAYMENT NOVEMBER 15, 1995
              7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES


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


SECURITIZED NET INTEREST MARGIN                                   PER $1,000
CERTIFICATES                                                       ORIGINAL
- ------------                                                      -----------
 
1.    Amount Available                            7,874,478.70
 
Interest
 
2.    Aggregate Interest                          1,725,073.36     5.60088753
 
3.    Amount Applied to:
      (a) accrued but unpaid Interest
 
4.    Remaining:
      (a) accrued but unpaid Interest
 
5.    Monthly Interest                            1,725,073.36
 
Principal
 
6.    Current month's principal
      distribution                                6,149,405.34    19.96560175
 
7.    Remaining outstanding principal
      balance                                   279,379,979.20    907.0778545
      Pool Factor                                    .90707785
 
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               381,912,829.74
 
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)                       39,615.16
 
11.   Aggregate principal balance of
      loans refinanced by Green Tree
      Financial                                     637,831.47
 
11.   Weighted average CPR                               6.48%
 
12.   Weighted average CDR                               0.83%
 
13.   Annualized net loss percentage                     0.28%
 
14.   Delinquency    30-59 day                           1.13%
                     60-89 day                           0.42%
                     90+ day                             0.45%
                     Total 30+                           2.00%
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                           NET INTEREST MARGIN TRUST
                                 OCTOBER 1995
                           PAYMENT NOVEMBER 15, 1995


 
                                  Fee Assets
                 -------------------------------------------
                    Guarantee       Inside       Fee Asset
                      Fees           Refi          Total
                  --------------  ------------  ------------
                  
GTFC 1994-5           682,294.52     10,378.20    692,672.72
GTFC 1994-6           740,676.38     23,461.47    764,137.85
GTFC 1994-7           541,122.27      7,599.99    548,722.26
GTFC 1994-8           713,356.67           .00    713,356.67
GTFC 1995-1           794,419.27           .00    794,419.27
GTFC 1995-2                  .00           .00           .00
GTFC 1995-3         1,222,943.16           .00  1,222,943.16
GTFC 1995-4           782,974.50           .00    782,974.50
GTFC 1995-5                  .00           .00           .00
                  --------------  ------------  ------------
                  
                    5,477,786.77     41,439.66  5,519,226.43
 
 
Total amount of Guarantee Fees and Inside
  Refinance Payments                            5,519,226.43
 
Payment on Finance 1 Note                       5,519,226.43
 
Allocable to Interest (current)                 1,269,629.48
 
Allocable to accrued but unpaid Interest                 .00
 
Accrued and unpaid Trustee Fees                          .00
 
Allocable to Principal                          4,249,596.95
 
Finance 1 Note Principal Balance              205,895,972.75
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                           NET INTEREST MARGIN TRUST
                                 OCTOBER 1995
                           PAYMENT NOVEMBER 15, 1995

 
 
                                  Inside         
                  Residual         Refi             Total
                ------------     ---------       ------------
                                           
GTFC 1994-5         6,469.66           .00           6,469.66
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       785,907.04           .00         785,907.04
GTFC 1995-3       213,286.75           .00         213,286.75
GTFC 1995-4       139,580.29           .00         139,580.29
GTFC 1995-5     1,193,476.08     16,532.45       1,210,008.53
                ------------     ---------       ------------
                                           
                2,338,719.82     16,532.45       2,355,252.27
 
Total Residual and Inside Refinance Payments     2,355,252.27
 


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