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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): AUGUST 15, 1995
FHA TITLE I HOME IMPROVEMENT LOAN TRUST 1995-B
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-53449 AND 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.)
1
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ITEM 5. OTHER EVENTS.
Pursuant to the Pooling and Servicing Agreement between Green Tree
Financial Corporation (the "Servicer") and First Trust (N.A.) (the
"Trustee"), on August 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 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
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99.1 Monthly Report delivered to
Certificateholders on August 15, 1995.
2
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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: August 15, 1995
FHA TITLE I HOME IMPROVEMENT LOAN
TRUST 1995-B
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
3
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INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
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99.1 Monthly Report delivered to Certificateholders
on August 15, 1995. 5
4
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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 March 1, 1995 between the
Company and First Trust (N.A), as Trustee of FHA Title I Home Improvement Loan
Trust 1995-B (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 July 1, 1995 to July 31, 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 10th day of
August, 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 March 1, 1995 between the
Company and First Trust National Association, as Trustee of FHA Title I Home
Improvement Loan Trust 1995-B (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 10th day of
August, 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 8.15%
GREEN TREE TRUST
1995-B
MONTHLY REPORT
July 1995
Distribution Date: 8/15/95
CUSIP#: 393505 FL1
Trust Account: 3334061-0
A. Collected Amount $416,649.80
B. Delinquent Payments Advanced/Recovered 1,963.09
C. Aggregate Repurchase Price for Contracts
to be Repurchased .00
D. Amount Available (A+B+C) 418,612.89
E. Monthly Principal (8.15%) 71,742.04
(1) Regular Principal Payments $100,389.45
(2) Principal Prepayments 182,428.61
(3) Delinquent Principal Advanced 9,331.85
(4) Net Losses 9,188.41
(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 (8,067.66)
Total Principal 293,270.66
G. Monthly Servicing Fee (.75%) 6,602.03
H. Advances Reimbursed
(1) Prior Advances that have been recovered 14,697.84
(2) Uncollectible Advances .00
I. Guaranty Fee 46,998.16
J. Shortfall ((E+F)-D) .00
K. Guaranty Payment (lesser of J or Guaranty Amount
from prior month) .00
L. Aggregate Certificate Principal Balance 10,269,974.51
M. New Guaranty Amount (lessor of (1) Guaranty
Amount from prior month - K or (2)L) 1,217,947.00
N. Remaining Principal Balance 10,269,974.51
O. Pool Factor
(1) Previous Month Pool Factor .86729932
(2) Current Month Pool Factor .84322022
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HOME IMPROVEMENT LOAN
CERTIFICATES FOR HOME IMPROVEMENT LOANS 8.15%
GREEN TREE TRUST
1995-B
MONTHLY REPORT
July 1995
Distribution Date: 8/15/95
CUSIP#: 393505 FL1
Trust Account: 3334061-0
P. Aggregate Scheduled Balances and Number of
Delinquent Contracts
(a) 31-59 days 47,805.24 7
(b) 60-89 days 10,306.40 3
(c) 90 or more days 4,387.33 1
Q. Liquidated Contracts 9,250.80
R. Number of Loans Remaining 1,836
Please contact the Bondholder Relations Department of First Trust National
Association at (612) 244-0444 with any questions regarding this Statement
or any Distribution.
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GT-HI
1995-B
July, 1995
Defaulted Contracts
<TABLE>
<CAPTION>
Estimated
Repurchase Loss at
Account# Principal Interest Amount Sale Date
-------- --------- -------- ---------- ---------
<S> <C> <C> <C> <C>
15657180 6,472.05 43.95 6,516.00 7,091.67
15677115 2,716.36 18.44 2,734.80 2,845.96
--------- ------ --------- ---------
TOTALS $9,188.41 $62.39 $9,250.80 $9,937.63
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</TABLE>
