<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 1994-A
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(Exact name of registrant as specified in its charter)
Minnesota 33-51935 41-1775853
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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.)
<PAGE>
ITEM 5. OTHER EVENTS
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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
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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 1994-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 1994-A
JUNE, 1996
PAYMENT July 15, 1996
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: July 15, 1996
<TABLE>
<CAPTION>
SECURITIZED NET INTEREST MARGIN
- ------------------------------- PER $1,000
CERTIFICATES ORIGINAL
- ------------ ----------
<S> <C> <C>
1. Amount Available 6,339,553.72
Interest
2. Aggregate Interest 1,737,444.96 3.42016724
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 1,737,444.96
Principal
6. Current month's principal
distribution 4,602,108.76 9.05926921
7. Remaining outstanding principal
balance 297,562,231.32 585.7524239
Pool Factor .58575242
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 484,407,181.64
9. Aggregate amount on deposit in
reserve funds:
(i) attributable to the Residual
Assets 73,319,859.14
(ii) attributable to this
securitization 22,695,427.32
10. Aggregate principal balance of
loans refinanced by Green Tree
Financial Corp. 1,961,833.60
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
June, 1996
PAYMENT July 15, 1996
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
Page 2
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: July 15, 1996
<TABLE>
<CAPTION>
SECURITIZED NET INTEREST MARGIN
- ------------------------------- Per $1,000
CERTIFICATES ORIGINAL
- ------------ -----------
<S> <C> <C>
11. Weighted average CPR 13.45%
12. Weighted average CDR 1.95%
13. Annualized net loss percentage .93%
14. Delinquency 30-59 day 0.92%
60-89 day 0.35%
90+ day 0.68%
Total 30+ 1.95%
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
June, 1996
PAYMENT July 15, 1996
<TABLE>
<CAPTION>
Fee Assets
-----------------------------------------------------------
Guarantee GNMA Excess Inside Fee Asset
Fees Excess Servicing Refi Total
------------ ------ ----------- --------- ----------
<S> <C> <C> <C> <C> <C>
MaHCS 1987-A 19,238.22 8,370.40 620.60 28,229.22
MaHCS 1987-B 66,756.11 22,712.55 0.00 89,468.66
MLMI 1987B 37,641.81 5,747.22 0.00 43,389.03
MLMI 1987C 50,936.73 9,859.06 0.00 60,795.79
MLMI 1988E 59,343.01 10,036.94 0.00 69,379.95
MLMI 1988H .00 9,613.31 9,613.31
MLMI 1988Q .00 14,826.94 14,826.94
MLMI 1988X .00 11,236.55 11,236.55
MLMI 1989B .00 6,572.78 6,572.78
MLMI 1989D .00 13,404.01 13,404.01
MLMI 1989F 47,225.67 19,052.72 .00 66,278.39
MLMI 1989H 37,611.74 16,500.85 5,166.24 59,278.83
MLMI 1990B .00 11,128.94 1,279.08 12,408.02
MLMI 1990D .00 .00 1,503.83 1,503.83
MLMI 1990G 78,634.81 19,142.88 791.50 98,569.19
MLMI 1990I .00 .00 .00
MLMI 1991B .00 .00 .00
MLMI 1991D .00 21,216.35 21,216.35
MLMI 1991G .00 29,305.14 29,305.14
MLMI 1991I .00 30,782.47 30,782.47
MLMI 1992B .00 106,522.24 106,522.24
MLMI 1992D .00 51,140.77 51,140.77
GTFC 1992-1 256,866.20 63,191.88 3,824.47 323,882.55
GTFC 1992-2 146,777.09 76,442.59 5,414.55 228,634.23
GTFC 1993-1 349,197.06 69,273.14 8,079.69 426,549.89
GTFC 1993-2 473,824.89 133,142.93 9,853.54 616,821.36
GTFC 1993-3 745,427.64 202,896.85 4,877.87 953,202.36
GTFC 1993-4 .00 230,655,46 230,655,46
------------ ------ ---------- --------- ----------
Conventional 2,369,480.98 .00 1,192,774.98 41,411.37 3,603,667.33
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
June, 1996
PAYMENT July 15, 1996
<TABLE>
<CAPTION>
<S> <C> <C> <C>
GNMA Servicing Fees 2,704,238.90 45,378.69 2,749,617.59
FHA Payment (1,007,051.18) (1,007,051.18)
Servicing (461,917.23) (461,917.23)
Prepayment shortfalls (44,619.12) (44,619.12)
Liquidation Losses (51,957.98) (51,957.98)
------------- --------- ------------
GNMA 1,138,693.39 45,378.69 1,184,072.08
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Servicing Fees, and Inside Refinance Payments 4,787,739.41
Payment on Finance 1 Note 4,787,739.41
Allocable to Interest (current) 907,025.08
Allocable to accrued but unpaid Interest .00
Accrued and unpaid Trustee Fees .00
Allocable to Principal 3,880,714.33
Finance 1 Note Principal Balance 153,862,777.74
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
June, 1996
PAYMENT July 15, 1996
<TABLE>
<CAPTION>
Inside
Residual Refi Total
------------ ------------ ------------
<S> <C> <C> <C>
MaHCS 1987-A .00 .00
MaHCS 1987-B .00 .00
MLMI 1987B .00 .00
MLMI 1987C .00 .00
MLMI 1988E .00 .00
MLMI 1988H 39,924.32 .00 39,924.32
MLMI 1988Q 10,131.40 2,599.49 12,730.89
MLMI 1988x 42,687.33 .00 42,687.33
MLMI 1989B .00 844.79 844.79
MLMI 1989D .00 163.33 163.33
MLMI 1989F .00 .00
MLMI 1989H .00 .00
MLMI 1990B .00 .00
MLMI 1990D .00 .00
MLMI 1990G .00 .00
MLMI 1990I .00 4,909.77 4,909.77
MLMI 1991B .00 12,618.37 12,618.37
MLMI 1991D 69,686.27 1,575.69 71,261.96
MLMI 1991G 81,487.46 44,958.98 126,446.44
MLMI 1991I 134,130.08 10,845.74 144,975.82
MLMI 1992B 400,373.47 27,476.30 427,849.77
MLMI 1992D 44,991.28 9,361.63 54,352.91
GTFC 1992-1 .00 .00
GTFC 1992-2 .00 .00
GTFC 1993-1 .00 .00
GTFC 1993-2 .00 .00
GTFC 1993-3 .00 .00
GTFC 1993-4 607,315.86 5,732.75 613,048.61
------------ ------------ ------------
1,430,727.47 121,086.84 1,551,814.31
Total Residual and Inside
Refinance Payments 1,551,814.31
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</TABLE>
