GREEN TREE FINANCIAL CORP
8-K, 1996-07-19
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): July 15, 1996


            GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1995-A
            -------------------------------------------------------
            (Exact name of registrant as specified in its charter)



        Minnesota                     33-53527              41-1815020
- ---------------------------------------------------------------------------
(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.)
<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 15, 1996, 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 July 15, 1996
 
 
<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 15, 1996


                            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
                                Vice President and Treasurer
 
<PAGE>
 
                        INDEX TO EXHIBITS



Exhibit
Number                                                       Page
- ------                                                       ----

 99.1      Monthly Report delivered to Certificateholders      5
           on July 15, 1996.

<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                  June, 1996
                             PAYMENT July 15, 1996
              7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

                                    CUSIP# 393534AC6
                                    Trust Account # 33-34309-0
                                    Distribution Date: July 15, 1996
<TABLE>
<CAPTION>
 
SECURITIZED NET INTEREST MARGIN                                            PER $1,000
- -------------------------------                                             ORIGINAL
CERTIFICATES                                                               ----------
- ------------
<S>    <C>                                        <C>                      <C>
 
1.     Amount Available                           4,273,410.62                 
 
Interest
 
2.     Aggregate Interest                         1,466,203.40             4.76040065
 
3.     Amount Applied to:
       (a)  accrued but unpaid Interest
 
4.     Remaining:
       (a)  accrued but unpaid Interest
 
5.     Monthly Interest                           1,466,203.40
 
Principal
 
6.     Current month's principal
       distribution                               2,807,207.22             9.11430916
 
7.     Remaining outstanding principal
       balance                                  239,874,734.19            778.8140720
       Pool Factor                                   .77881407
 
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              357,865,284.86
 
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)                      31,931.83
 
11.    Aggregate principal balance of
       loans refinanced by Green Tree
       Financial                                    963,015.94
 
</TABLE>
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                  June, 1996
                             PAYMENT July 15, 1996
              7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES
                                    Page 2

                                       CUSIP# 393534AC6
                                       Trust Account # 33-34309-0
                                       Distribution Date: July 15, 1996




12.    Weighted average CPR                   10.43%
 
13.    Weighted average CDR                    2.52%
 
14.    Annualized net loss percentage          1.13%
 
15.    Delinquency         30-59 day           1.50%

                           60-89 day           0.61%

                           90+ day             1.05%

                           Total 30+           3.16%
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995
                                  June, 1996
                             PAYMENT July 15, 1996
 
<TABLE> 
<CAPTION>                             Fee Assets
                       ----------------------------------------------
 
                         Guarantee          Inside         Fee Asset
                           Fees              Refi            Total
                       -----------          -------        ----------
<S>                      <C>                <C>            <C> 
GTFC 1994-5              211,625.05         4,490.34       216,115.39
GTFC 1994-6              374,045.22         4,009.73       378,054.95
GTFC 1994-7              206,380.40         4,078.43       210,458.83
GTFC 1994-8              173,067.92         7,918.20       180,986.12
GTFC 1995-1              382,773.92         9,619.24       392,393.16
GTFC 1995-2                     .00              .00              .00
GTFC 1995-3              957,640.26        26,339.91       983,980.17
GTFC 1995-4              621,036.67         3,163.57       624,200.24
GTFC 1995-5                    0.00              .00              .00
                       ------------        ---------     ------------
                       2,926,569.44        59,619.42     2,986,188.86

Total amount of Guarantee Fees and Inside
Refinance Payments                                       2,986,188.86
 
Payment on Finance 1 Note                                2,986,188.86
 
Allocable to Interest (current)                          1,093,535.34
 
Allocable to accrued but unpaid Interest                          .00
 
Accrued and unpaid Trustee Fees                                   .00
 
Allocable to Principal                                   1,892,653.52
 
Finance 1 Note Principal Balance                       179,106,298.73
</TABLE>
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                   June 1996
                             PAYMENT July 15, 1996

<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                                       378,393.60  31,653.12    410,046.72
GTFC 1995-3                                              .00        .00           .00
GTFC 1995-4                                        23,346.83        .00     23,346.83
GTFC 1995-5                                       853,828.21        .00    853,828.21
                                                ------------  ---------  ------------
 
                                                1,255,568.64  31,653.12  1,287,221.76
 
Total Residual and Inside Refinance Payments                             1,287,221.76
 
</TABLE>


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