GREEN TREE FINANCIAL CORP
8-K, 1996-03-20
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): MARCH 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.)

                                       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 March 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 March 15, 1996

                                       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:  March 15, 1996


                                 SECURITIZED 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
 

                                       3
<PAGE>
 
                               INDEX TO EXHIBITS



     EXHIBIT
     NUMBER                                                        PAGE
     ------                                                        ----

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

<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                FEBRUARY, 1996
                            PAYMENT MARCH 15, 1996
              7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES
 
                                             CUSIP#             393534AC6
                                             Trust Account #    33-34309-0
                                             Distribution Date: March 15, 1996
 



<TABLE>
<CAPTION>

SECURITIZED NET INTEREST MARGIN                                           PER $1,000
CERTIFICATES                                                               ORIGINAL
- ------------                                                              ----------
<S>                                                     <C>             <C>  
1.   Amount Available                                    7,249,807.78   
                                                                        
Interest                                                                
                                                                        
2.   Aggregate Interest                                  1,582,919.51     5.13934906
                                                                        
3.   Amount Applied to:                                                 
     (a)  accrued but unpaid Interest                                   
                                                                        
4.   Remaining:                                                         
     (a)  accrued but unpaid Interest                                   
                                                                        
5.   Monthly Interest                                    1,582,919.51   
                                                                        
Principal                                                               
                                                                        
6.   Current month's principal                                          
     distribution                                        5,666,888.27    18.39898789
                                                                        
7.   Remaining outstanding principal                                    
     balance                                           256,333,581.76    832.2518888
     Pool Factor                                            .83225189   
                                                                        
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                       357,685,184.11   
                                                                        
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)                               33,980.21   
                                                                        
11.  Aggregate principal balance of                                     
     loans refinanced by Green Tree                                     
     Financial                                           1,072,190.82   
                                                                        
11.  Weighted average CPR                                        8.45%  
                                                                        
12.  Weighted average CDR                                        1.59%  
                                                                        
13.  Annualized net loss percentage                              0.55%  
                                                                        
14.  Delinquency  30-59 day                                      1.29%  
                  60-89 day                                      0.51%  
                  90+ day                                        0.79%  
                  Total 30+                                      2.59%                  
</TABLE> 
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                FEBRUARY, 1996
                            PAYMENT MARCH 15, 1996
 
                                          Fee Assets
                        -------------------------------------------

                           Guarantee       Inside         Fee Asset
                             Fees           Refi            Total
                        ------------      ---------     ------------

GTFC 1994-5               577,749.18      10,836.61       588,585.79
GTFC 1994-6               633,541.99      10,807.86       644,349.85
GTFC 1994-7               411,237.31       4,675.92       415,913.23
GTFC 1994-8               654,484.61      28,502.50       682,987.11
GTFC 1995-1               612,991.79      26,534.58       639,526.37
GTFC 1995-2                      .00            .00              .00
GTFC 1995-3             1,195,508.52            .00     1,195,508.52
GTFC 1995-4               768,500.52            .00       768,500.52
GTFC 1995-5                      .00            .00              .00
                        ------------      ---------     ------------

                        4,854,013.92      81,357.47     4,935,371.39

 
Total amount of Guarantee Fees and Inside
  Refinance Payments                                    4,935,371.39
 
Payment on Finance 1 Note                               4,935,371.39
 
Allocable to Interest (current)                         1,172,386.18
 
Allocable to accrued but unpaid Interest                         .00
 
Accrued and unpaid Trustee Fees                                  .00
 
Allocable to Principal                                  3,762,985.21
 
Finance 1 Note Principal Balance                      190,287,141.42

<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                 FEBRUARY 1996
                             PAYMENT MARCH 15, 1996

                                           Inside      
                          Residual          Refi            Total
                        ------------       ------        ------------
                                                      
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               776,023.29          .00          776,023.29
GTFC 1995-3               190,734.67          .00          190,734.67
GTFC 1995-4               179,462.01          .00          179,462.01
GTFC 1995-5             1,168,216.42          .00        1,168,216.42
                        ------------          ---        ------------
                                                      
                        2,314,436.39          .00        2,314,436.39
                                                    
Total Residual and Inside Refinance Payments             2,314,436.39


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