<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):DECEMBER 16, 1996
HOME IMPROVEMENT & HOME EQUITY LOAN TRUST 1996-D
------------------------------------------------
(Exact name of registrant as specified in its charter)
MINNESOTA 33-55853 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.)
<PAGE>
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 December 16, 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 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
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on
December 16, 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: December 16, 1996
HOME IMPROVEMENT & HOME EQUITY LOAN
TRUST 1996-D
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 December 16, 1996.
<PAGE>
GREEN TREE FINANCIAL CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that she is Vice President and Treasurer of Green Tree
Financial Corp., a Minnesota corporation (the "Company"), and that as such she
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 September 1, 1996 between the Company and First Trust
(N.A.), as Trustee of Home Improvement & Home Equity Loan Trust 1996-D (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 November 1, 1996 to November 30,
1996 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 11th day of
December, 1996.
GREEN TREE FINANCIAL CORP.
BY: /s/Phyllis A. Knight
--------------------------
Phyllis A. Knight
Vice President and Treasurer
<PAGE>
GREEN TREE FINANCIAL CORP.
CERTIFICATE REGARDING REPURCHASED CONTRACTS
The undersigned certifies that she is Vice President and Treasurer of
Green Tree Financial Corp., a Minnesota corporation (the "Company"), and
that as such she 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 September
1, 1996 between the Company and First Trust National Association,
Trustee of Home Improvement & Home Equity Loan Trust 1996-D (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 11th day of
December, 1996.
GREEN TREE FINANCIAL CORP.
BY: /s/ Phyllis A. Knight
-----------------------------
Phyllis A. Knight
Vice President and Treasurer
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8
PW6 PX4 PY2
Trust Account: 3335180-0
CLASS HI: A CERTIFICATES
------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
1. (a) Sub-Pool HI Amount Available
(including Monthly Servicing Fee) $3,858,872.29
(b) Class HI: M-1 Interest Deficiency Amount
(if any), Class HI: M-2 Interest Deficiency
Amount (if any) and Class HI: B-1 Interest
Deficiency Amount (if any) withdrawn for prior
Payment Date .00
(c) Sub-Pool HI Amount Available after giving effect to
withdrawal of any Class HI: M-1 Interest Deficiency
Amount, Class HI: M-2 Interest Deficiency Amount and
Class HI: B-1 Interest Deficiency Amount for prior
Payment Date 3,858,872.29
2. Aggregate Interest
(a) Class HI: A-1 Pass-through Rate 6.40%
(b) Class HI: A-1 Interest 319,646.79
(c) Class HI: A-2 Pass-through Rate 6.80%
(d) Class HI: A-2 Interest 187,000.00
(e) Class HI: A-3 Pass-through Rate 7.15%
(f) Class HI: A-3 Interest 269,435.83
3. Amount applied to Unpaid Class HI: A Interest Shortfall .00
4. Remaining Unpaid Class HI: A Interest Shortfall .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 2
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8
PW6 PX4 PY2
Trust Account: 3335180-0
<TABLE>
<CAPTION>
PRINCIPAL
<S> <C> <C>
5. Sub-Pool HI: Class A Formula Principal Distribution Amount:
(a) Scheduled Principal 494,754.18
(b) Principal Prepayments 2,134,188.62
(c) Liquidated Contracts 5,553.46
(d) Repurchases .00
(e) Previously undistributed
(f) Principal Amounts .00
Total Principal 2,634,496.26
6. Pool Scheduled Principal Balance of Sub-Pool HI 171,862,213.84
7. Sub-Pool HI Senior Percentage for such Payment Date 100%
8. Class HI: A Principal Distribution:
(a) Class HI: A-1 2,634,496.26
(b) Class HI: A-2 .00
(c) Class HI: A-3 .00
9. Class HI: A Principal Balance:
(a) Class HI: A-1 Principal Balance 57,299,276.84
(b) Class HI: A-2 Principal Balance 33,000,000.00
(c) Class HI: A-3 Principal Balance 45,220,000.00
CLASS HI: M-1 CERTIFICATES
--------------------------
10. Sub-Pool HI Amount Available less the Class HI:
A Distribution Amount (including Monthly
Servicing Fee) 448,293.41
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 3
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
<TABLE>
<CAPTION>
INTEREST
<S> <C> <C>
11. Current Interest
(a) Class HI: M-1 Pass-through Rate 7.60
(b) Class HI: M-1 Interest 93,796.67
12. Amount applied to Unpaid Class HI: M-1 Interest Shortfall .00
13. Amount applied to Class HI: M-1 Interest Deficiency Amount .00
14. Remaining unpaid Class HI: M-1 Interest Deficiency Amount .00
15. Remaining Unpaid Class HI: M-1 Interest Shortfall .00
PRINCIPAL
16. Sub-Pool HI: Class M-1 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Repayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
17. Class HI: M-1 Principal Distribution .00
18. Class HI: M-1 Principal Balance 14,180,000.00
19. Pool Scheduled Principal Balance of Sub-Pool HI 171,862,213.84
20. Sub-Pool HI Senior Percentage for such Payment Date 100%
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 4
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
<TABLE>
<CAPTION>
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
<S> <C> <C>
21. Sub-Pool HI Aggregate Liquidation Loss Principal Amount .00
22. Class HI: M-1 Liquidation Loss Principal Amount .00
23. Interest at Class HI: M-1 Pass-Through Rate on:
(a) Class HI: M-1 Liquidation Loss Principal Amount .00
(b) Unpaid Class HI: M-1 Liquidation Loss Interest
Shortfall .00
24. Amount applied to such interest .00
25. Liquidation Loss interest remaining unpaid .00
CLASS HI: M-2 CERTIFICATES
--------------------------
26. Sub-Pool HI Amount Available less the Class HI:
A Distribution Amount and Class HI: M-1 Distribution
Amount (including Monthly Servicing Fee) 354,496.74
INTEREST
27. Current Interest
(a) Class HI: M-2 Pass-Through Rate 7.90%
(b) Class HI: M-2 Interest 59,052.50
28. Amount applied to Unpaid Class HI: M-2 Interest Shortfall .00
29. Amount applied to Class HI: M-2 Interest Deficiency Amount .00
30. Remaining unpaid Class HI: M-2 Interest Deficiency Amount .00
31. Remaining unpaid Class HI: M-2 Interest Shortfall .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 5
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8
PW6 PX4 PY2
Trust Account: 3335180-0
<TABLE>
<CAPTION>
<S> <C> <C>
PRINCIPAL
32. Sub-Pool HI: Class M-2 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
33. Class HI: M-2 Principal Distribution .00
34. Class HI: M-2 Principal Balance 8,970,000.00
35. Pool Schedule Principal of Sub-Pool HI 171,862,213.84
36. Sub-Pool HI Senior Percentage for such Payment Date 100%
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
37. Sub-Pool HI Aggregate Liquidation Loss Principal Amount .00
38. Class HI: M-2 Liquidatin Loss Principal Amount .00
39. Interest at Class HI: M-2 Pass-Through Rate on:
(a) Class HI: M-2 Liquidation Loss Principal Amount .00
(b) Unpaid Class HI: M-2 Liquidation Loss
Interest Shortfall .00
40. Amount applied to such interest .00
41. Liquidation Loss interest remaining unpaid .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 6
Distribution Date: 12/16/96
CUSIP#: 393505 NF5 NG3 NH1 NJ7 NK4
NL2 NM0
Trust Account: 3334953-0
CLASS HI: B Principal Distribution Tests
(tests must be satisfied on and after the Payment Date
occurring in October 1999)
42. Sub-Pool HI Average Sixty-Day Delinquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current
Payment Date .09%
(b) Average Sixty-Day Delinquency Ratio Test
(arithmetic average of ratios for this month
and two preceding months; may not exceed 2.5%) .07%
43. Sub-Pool HI Average Thirty-Day Delinquency Ratio Test
(a) Thirty-Day Delinquency Ratio for current
Payment Date .42%
(b) Average Thirty-Day delinquency Ratio Test
(arithmetic average of ratios for this month
and two preceding months; may not exceed 5%) .27%
44. Sub-Pool HI Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current
Payment Date (as a percentage of Cut-off Date
Pool Principal Balance: may not exceed 9%) .01%
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 7
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
45. Sub-Pool HI Current Realized Losses Test
(a) Current Realized Losses for current
Payment Date 5,859.82
(b) Current Realized Loss Ratio (total Realized Losses
for most recent three months, multiplied By 4, divided
by arithmetic average of Pool Scheduled Principal .02%
Balances for third preceding Remittance and for current
Remittance Date; may not exceed 2.5%)
46. Class HI: B Principal Balance Test
(a) Class HI: B Principal Balance (before any distributions
on current Payment Date) divided by Pool Scheduled
Principal Balance for prior Payment Date (must equal or
exceed 14.5%) 7.20%
CLASS HI: B-1 CERTIFICATES
47. Sub-Pool HI Amount Available less the Class HI: A Distribution Amount and
Class HI: M Distribution Amount (including Monthly
Servicing Fee) 295,444.24
INTEREST
48. Class HI: B-1 Pass-Through Rate 7.60%
49. Current Interest 45,473.33
50. Amount applied to Unpaid Class HI: B-1 Interest Shortfall .00
51. Amount applied to Class HI: B-1 Interest Deficiency Amount .00
52. Remaining unpaid Class HI: B-1 Interest Deficiency Amount .00
53. Remaining Unpaid Class HI: B-1 Interest Shortfall
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 8
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
PRINCIPAL
54. Sub-Pool HI: Class B-1 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
55. Class HI: B Percentage for such Payment Date 0%
56. Class HI: B Percentage of Formula Principal
Distribution Amount .00
57. Class HI: B Principal Balance 12,562,937.00
58. Class HI: B-1 Principal Balance 7,180,000.00
59. Pool Scheduled Principal of Sub-Pool HI 171,862,213.84
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
60. Sub-Pool HI Aggregate Liquidation Loss Principal Amount .00
61. Class HI: B-1 Liquidation Loss Principal Amount .00
62. Interest at Class HI: B-1 Pass-Through Rate on:
(a) Class HI: B-1 Liquidation Loss Principal Amount .00
(b) Unpaid Class HI: B-1 Liquidation Loss
Interest Shortfall .00
63. Amount applied to such interest .00
64. Liquidation Loss interest remaining unpaid .00
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 9
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
CLASS HI: B-2 CERTIFICATES
65. Remaining Sub-Pool HI Amount Available 249,970.91
INTEREST
66. Class HI: B-2 Pass-Through Rate 8.00%
67. Current Interest 35,886.25
68. Amount applied to Unpaid Class HI: B-2 Interest Shortfall .00
69. Remaining Unpaid Class HI: B-2 Interest Shortfall .00
PRINCIPAL
70. Sub-Pool HI: Class B-2 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
71. Class HI: B Percentage for such Payment Date 0%
72. Class HI: B Percentage of Formula Principal Distribution
Amount .00
73. Current Principal (Class HI: B Percentage of Formula
Principal Distribution Amount less Class HI: B-1
Principal Balance) .00
74. Class HI: B-2 Liquidation Loss Principal Amount .00
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 10
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
75. Class HI: B-2 Guaranty Payment .00
76. Class HI: B-2 Principal Balance 5,382,937.00
77. Pool Scheduled Principal Balance of Sub-Pool HI 171,862,213.84
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
78. Sub-Pool HI Aggregate Liquidation Loss Principal Amount .00
79. Class HI: B-2 Liquidation Loss Principal Amount .00
80. Interest at Class HI: B-2 Pass-Through Rate on:
(a) Class HI: B-2 Liquidation Loss Principal Amount .00
(b) Unpaid Class HI: B-2 Liquidation Loss Interest
Shortfall .00
81. Amount applied to such interest .00
82. Liquidation Loss interest remaining unpaid .00
CLASS HI: A, CLASS HI: M, and CLASS HI: B CERTIFICATES
------------------------------------------------------
83. Sub-Pool HI Pool Factors
(a) Class HI: A-1 Pool Factor .88152734
(b) Class HI: A-2 Pool Factor 1.00000000
(c) Class HI: A-3 Pool Factor 1.00000000
(d) Class HI: M-1 Pool Factor 1.00000000
(e) Class HI: M-2 Pool Factor 1.00000000
(f) Class HI: B-1 Pool Factor 1.00000000
(g) Class HI: B-2 Pool Factor 1.00000000
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 11
Distribution Date: 12/16/96
CUSIP#: 393505 PS5 PT3 PU0 PV8 PW6
PX4 PY2
Trust Account: 3335180-0
84. Aggregate Scheduled Balances of Delinquent Contracts
as of Determination Date
(a) 31-59 days 719,602.10 42
(b) 60-89 days 91,583.25 10
(c) 90 or more days 70,377.82 3
85. Principal Balance of Defaulted Contracts 5,553.46
86. Number of Liquidated Contracts and
Net Liquidated Loss 1 5,859.82
87. Number of Loans Remaining 10,318
88. Number and Principal Balance of Contracts with FHA
Claims finally rejected, or no FHA claim was submitted
because FHA insurance was unavailable 2 8,679.94
89. FHA Insurance reserve amount 94,542,820.17
90. Amount received from FHA Insurance .00
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 12
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<TABLE>
<CAPTION>
CLASS HE: A CERTIFICATES
------------------------
<S> <C> <C>
1. (a) Sub-Pool HE Amount Available (including
Monthly Servicing Fee) 4,086,501.52
(b) Class HE: M-1 Interest Deficiency Amount
(if any), Class HE: M-2 Interest Deficiency
Amount (if any) and Class HE: B-1 Interest
Deficiency Amount (if any) withdrawn for
Payment Date .00
(c) Sub-Pool HE Amount Available after giving effect
to withdrawal of any, Class HE: M-1 Interest
Deficiency Amount, Class HE: M-2 Interest Deficiency
Amount and Class HE: B-1 Interest Deficiency Amount
for prior Payment Date 4,086,501.52
INTEREST
2. Aggregate Interest
(a) Class HE: A-1 Pass-Through Rate 6.50%
(b) Class HE: A-1 Interest 307,518.52
(c) Class HE: A-2 Pass-Through Rate 6.95%
(d) Class HE: A-2 Interest 312,750.00
(e) Class HE: A-3 Pass-Through Rate 7.35%
(f) Class HE: A-3 Interest 110,250.00
(g) Class HE: A-4 Pass-Through Rate 7.70%
(h) Class HE: A-4 Interest 187,751.67
3. Amount applied to Unpaid Class HE: A Interest Shortfall .00
4. Remaining Unpaid Class HE: A Interest Shortfall .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 12
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<TABLE>
<CAPTION>
PRINCIPAL
<S> <C> <C>
5. Sub-Pool HE: Class A Formula Principal Distribution Amount:
(a) Scheduled Principal 156,960.02
(b) Principal Prepayments 2,130,696.21
(c) Liquidated Contracts .00
(d) Repurchases 78,467.80
(e) Previously undistributed
Principal Amounts .00
Total Principal 2,366,124.03
6. Pool Scheduled Principal Balance of Sub-Pool HE 180,577,180.18
7. Sub-Pool HE Senior Percentage of such Payment Date 100%
8. Class HE: A Principal Distribution:
(a) Class HE: A-1 2,366,124.03
(b) Class HE: A-2 .00
(c) Class HE: A-3 .00
(d) Class HE: A-4 .00
9. Class HE: A Principal Balance:
(a) Class HE: A-1 54,406,525.18
(b) Class HE: A-2 54,000,000.00
(c) Class HE: A-3 18,000,000.00
(d) Class HE: A-4 29,260,000.00
CLASS HE: M-1 CERTIFICATES
--------------------------
10. Sub-Pool HE Amount Available less the Class HE:
A Distribution Amount (including Monthly Servicing Fee) 802,107.30
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 13
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<TABLE>
<CAPTION>
INTEREST
<S> <C> <C>
11. Current Interest
(a) Class HE: M-1 Pass-Through Rate 8.10%
(b) Class HE: M-1 Interest 63,450.00
12. Amount applied to Unpaid Class HE: M-1 Interest Shortfall .00
13. Amount applied to Class HE: M-1 Interest Deficiency Amount .00
14. Remaining unpaid Class HE: M-1 Interest Deficiency Amount .00
15. Remaining unpaid Class HE: M-1 Interest Shortfall .00
PRINCIPAL
16. Sub-Pool HE: Class M-1 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
17. Class HE: M-1 Principal Distribution .00
18. Class HE: M-1 Principal Balance 9,400,000.00
19. Pool Scheduled Principal Balance of Sub-Pool HE 180,577,180.18
20. Sub-Pool HE Senior Percentage for such Payment Date 100%
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 14
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<TABLE>
<CAPTION>
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
<S> <C> <C>
21. Sub-Pool HE Aggregate Liquidation Loss Principal Amount .00
22. Class HE: M-1 Liquidation Loss Principal Amount .00
23. Interest at Class HE: M-1 Pass-Through Rate on:
(a) Class HE: M-1 Liquidation Loss
Principal Amount .00
(b) Unpaid Class HE: M-1 Liquidation Loss
Interest Shortfall .00
24. Amount applied to such interest .00
25. Liquidation Loss interest remaining unpaid .00
CLASS HE: M-2 CERTIFICATES
--------------------------
26. Sub-Pool HE Amount Available less the Class HE:
A Distribution Amount and Class HE: M-1 Distribution
Amount (including Monthly Servicing Fee) 738,657.30
INTEREST
27. Current Interest
(a) Class HE: M-2 Pass-Through Rate 8.30%
(b) Class HE: M-2 Interest 45,511.67
28. Amount applied to Unpaid Class HE: M-2 Interest Shortfall .00
29. Amount applied to Class HE: M-2 Interest Deficiency Amount .00
30. Remaining unpaid Class HE: M-2 Interest Deficiency Amount .00
31. Remaining unpaid Class HE: M-2 Interest Shortfall .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 15
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
PRINCIPAL
<TABLE>
<CAPTION>
<S> <C> <C>
32. Sub-Pool HE: Class M-2 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
33. Class HE: M-2 Principal Distribution .00
34. Class HE: M-2 Principal Balance 6,580,000.00
35. Pool Scheduled Principal of Sub-Pool HE 180,577,180.18
36. Sub-Pool HE Senior Percentage for such Payment Date 100%
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
37. Sub-Pool HE Aggregate Liquidation Loss Principal Amount .00
38. Class HE: M-2 Liquidation Loss Principal Amount .00
39. Interest at Class HE: M-2 Pass-Through Rate on:
(a) Class HE: M-2 Liquidation Loss Principal Amount .00
(b) Unpaid Class HE: M-2 Liquidation Loss Interest
Shortfall .00
40. Amount applied to such interest .00
41. Liquidation Loss interest remaining unpaid .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 16
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
Class HE: B Principal Distribution Tests
(tests must be satisfied on and after the Payment Date occurring in
July 1999)
42. Sub-Pool HE Average Sixty-Day Delinquency Ratio Test
(a) Sixty-Day Delinquency Ratio for current Payment Date .81%
(b) Average Sixty-Day Delinquency Ratio Test (arithmetic
average of ratios for this month and two preceding
months; may not exceed 2.5%) .60%
43. Sub-Pool HE Average Thirty-Day Delinquency Ratio Test
(a) Thirty-Day Delinquency Ratio for current Payment Date 2.88%
(b) Average Thirty-Day Delinquency Ratio Test (arithmetic
average of ratios for this month and two preceding
months; may not exceed 5%) 2.26%
44. Sub-Pool HE Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current Payment Date
(as a percentage of Cut-Off Date Pool Principal
Balance; may not exceed 9%) .00%
45. Sub-Pool HE Current Realized Losses Test
(a) Current Realized Losses for current Payment Date .00
(b) Current Realized Loss Ratio (total Realized Losses for
most recent three months, multiplied by 4, divided by
arithmetic average of Pool Scheduled Principal Balances
for third preceding Remittance and for current Remittance
Date; may not exceed 2%) .00%
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 17
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
46. Class HE: B Principal Test
(a) Class HE: B Principal Balance (before any distributions
on current Payment Date) divided by Pool Scheduled Principal
Balance for prior Payment Date (must equal or exceed 10%) 4.88%
CLASS HE:B-1 CERTIFICATES
47. Sub-Pool HE Amount Available less the Class HE: A Distribution
Amount and Class HE: M Distribution Amount (including Monthly
Servicing Fee) 693,145.63
INTEREST
48. Class HE: B-1 Pass-Through Rate 8.00%
49. Current Interest 43,866.67
50. Amount applied to Unpaid Class HE: B-1 Interest Shortfall .00
51. Amount applied to Class HE: B-1 Interest Deficiency Amount .00
52. Remaining unpaid Class HE: B-1 Interest Deficiency Amount .00
53. Remaining Unpaid Class HE: B-1 Interest Shortfall .00
PRINCIPAL
54. Sub-Pool HE: Class B-1 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 18
<TABLE>
<CAPTION>
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<S> <C> <C>
Total Principal .00
55. Class HE: B Percentage for such Payment Date 0%
56. Class HE: B Percentage of Formula Principal Distribution Amount .00
57. Class HE: B Principal Balance 8,930,655.00
58. Class HE: B-1 Principal Balance 6,580,000.00
59. Pool Scheduled Principal of Sub-Pool HE 180,577,180.18
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
60. Sub-Pool HE Aggregate Liquidation Loss Principal Amount .00
61. Class HE: B-1 Liquidation Loss Principal Amount .00
62. Interest at Class HE: B-1 Pass-Through Rate on:
(a) Class HE: B-1 Liquidation Loss Principal Amount .00
(b) Unpaid Class HE: B-1 Liquidation Loss Interest Shortfall .00
63. Amount applied to such interest .00
64. Liquidation Loss interest remaining unpaid .00
CLASS HE: B-1 CERTIFICATES
65. Remaining Sub-Pool HE Amount Available 649,278.96
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 19
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<TABLE>
<CAPTION>
INTEREST
<C> <S> <C>
66. Class HE: B-2 Pass-Through Rate 8.30%
67. Current Interest 16,258.70
68. Amount applied to Unpaid Class HE: B-2 Interest Shortfall .00
69. Remaining Unpaid Class HE: B-2 Interest Shortfall .00
PRINCIPAL
70. Sub-Pool HE: Class B-2 Formula Principal Distribution Amount:
(a) Scheduled Principal .00
(b) Principal Prepayments .00
(c) Liquidated Contracts .00
(d) Repurchases .00
(e) Previously undistributed
Principal Amounts .00
Total Principal .00
71. Class HE: B Percentage for such Payment Date 0%
72. Class HE: B Percentage of Formula Principal Distribution Amount .00
73. Current Principal (Class HE: B Percentage of Formula Principal
Distribution Amount less Class HE: B-1 Principal Balance) .00
74. Class HE: B-2 Liquidation Loss Principal Amount .00
75. Class HE: B-2 Guaranty Payment .00
76. Class HE: B-2 Principal Balance 2,350,655.00
77. Pool Scheduled Principal Balance of Sub-Pool HE 180,577,180.18
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 20
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
INTEREST ON LIQUIDATION LOSS PRINCIPAL AMOUNT
<TABLE>
<CAPTION>
<S> <C> <C>
78. Sub-Pool HE Aggregate Liquidation Loss Principal Amount .00
79. Class HE: B-2 Liquidation Loss Principal Amount .00
80. Interest at Class HE: B-2 Pass-Through Rate on:
(a) Class HE: B-2 Liquidation Loss Principal Amount .00
(b) Unpaid Class HE: B-2 Liquidation Loss Interest Shortfall .00
81. Amount applied to such interest .00
82. Liquidation Loss interest remaining unpaid .00
CLASS HE: A, CLASS HE: M, and CLASS HE: B CERTIFICATES
83. Sub-Pool HE Pool Factors
(a) Class HE: A-1 Pool Factor .87752460
(b) Class HE: A-2 Pool Factor 1.00000000
(c) Class HE: A-3 Pool Factor 1.00000000
(d) Class HE: A-4 Pool Factor 1.00000000
(e) Class HE: M-1 Pool Factor 1.00000000
(f) Class HE: M-2 Pool Factor 1.00000000
(g) Class HE: B-1 Pool Factor 1.00000000
(h) Class HE: B-2 Pool Factor 1.00000000
84. Aggregate Scheduled Balances of Delinquent Contracts as
of Determination Date
(a) 31-59 days 5,194,657.97 100
(b) 60-89 days 1,077,448.68 20
(c) 90 or more days 386,891.50 6
85. Principal Balance of Defaulted Contracts .00
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS
GREEN TREE TRUST
1996-D
MONTHLY REPORT
November 1996
Page 21
Distribution Date: 12/16/96
CUSIP#: 393505 PZ9 QA3 QB1 QC9 QD7
QE5 QF2 QG0
Trust Account: 3335180-0
<TABLE>
<CAPTION>
<S> <C> <C>
86. Number of Liquidated Contracts and
Net Liquidated Loss 0 .00
87. Number of Loans Remaining 3,891
88. Number of Principal Balance of Contracts with FHA Claims
finally rejected, or no FHA claim was submitted because
FHA Insurance was unavailable 0 .00
89. FHA Insurance reserve amount 94,542,820.17
90. Amount received from FHA Insurance .00
CLASS HE: C CERTIFICATES
------------------------
91. Monthly Servicing Fee 223,400.01
92. Class HE: C Residual Payment 623,704.91
93. Class C Residual Payment .00
</TABLE>
