GREEN TREE FINANCIAL CORP
8-K, 1996-02-21
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): FEBRUARY 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 February 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 February 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:  February 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 February 15, 1996.

                                       4

<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                 JANUARY, 1996
                           PAYMENT FEBRUARY 15, 1996
              7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES
 
                                          CUSIP#             393534AC6
                                          Trust Account #    33-34309-0
                                          Distribution Date: February 15, 1996
 
SECURITIZED NET INTEREST MARGIN                                 PER $1,000
CERTIFICATES                                                     ORIGINAL
 
1.  Amount Available                         7,485,260.79
 
Interest
 
2.  Aggregate Interest                       1,618,365.33       5.25443289
 
3.  Amount Applied to:
    (a) accrued but unpaid Interest
 
4.  Remaining:
    (a) accrued but unpaid Interest
 
5.  Monthly Interest                         1,618,365.33
 
Principal
 
6.  Current month's principal
    distribution                             5,866,895.46      19.04836188
 
7.  Remaining outstanding principal
    balance                                262,000,470.03      850.6508767
    Pool Factor                                 .85065088
 
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            364,018,832.03
 
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)                    39,012.09
 
11. Aggregate principal balance of
    loans refinanced by Green Tree
    Financial                                  521,562.30
 
11. Weighted average CPR                            6.59%
 
12. Weighted average CDR                            1.01%
 
13. Annualized net loss percentage                  0.35%
 
14. Delinquency      30-59 day                      1.32%
                     60-89 day                      0.50%
                     90+ day                        0.78%
                     Total 30+                      2.60%
<PAGE>
 
                          GREEN TREE FINANCIAL CORP.
                       NET INTEREST MARGIN TRUST 1995-A
                                 JANUARY, 1996
                           PAYMENT FEBRUARY 15, 1996

                                        Fee Assets
                        ------------------------------------------

                         Guarantee        Inside       Fee Asset
                           Fees            Refi           Total
                        ------------     ---------    ------------
              
GTFC 1994-5               644,087.65      4,217.78      648,305.43
GTFC 1994-6               716,927.93     11,712.27      728,640.20
GTFC 1994-7               494,290.02      3,741.78      498,031.80
GTFC 1994-8               730,063.38     15,867.62      745,931.00
GTFC 1995-1               644,020.40      2,750.33      646,770.73
GTFC 1995-2                      .00           .00             .00
GTFC 1995-3             1,203,149.82           .00    1,203,149.82
GTFC 1995-4               772,342.20           .00      772,342.20
GTFC 1995-5                      .00           .00             .00
                        ------------     ---------    ------------
              
                        5,204,881.40     38,289.78    5,243,171.18
 
 
Total amount of Guarantee Fees and Inside           
  Refinance Payments                                  5,243,171.18
 
Payment on Finance 1 Note                             5,243,171.18
 
Allocable to Interest (current)                       1,196,832.81
 
Allocable to accrued but unpaid Interest                       .00
 
Accrued and unpaid Trustee Fees                                .00
 
Allocable to Principal                                4,046,338.37
 
Finance 1 Note Principal Balance                    194,050,126.63

<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                  JANUARY 1996
                           PAYMENT FEBRUARY 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              774,545.04     .00      774,545.04
GTFC 1995-3              210,507.11     .00      210,507.11
GTFC 1995-4              134,593.35     .00      134,593.35
GTFC 1995-5            1,122,444.11     .00    1,122,444.11
                       ------------     ---    ------------
              
                       2,242,089.61     .00    2,242,089.61
 
Total Residual and Inside Refinance Payments   2,242,089.61
 


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