<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): OCTOBER 15, 1997
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.)
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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 October 15, 1997, 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
October 15, 1997
<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: October 15, 1997
SECURITIZED 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 October 15, 1997.
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
SEPTEMBER 1997
PAYMENT October 15, 1997
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: October 15, 1997
SECURITIZED NET INTEREST MARGIN CERTIFICATES Per $1,000
- -------------------------------------------- ORIGINAL
---------
1. Amount Available 5,378,193.19
Interest
2. Aggregate Interest 1,371,382.55 2.69957195
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest 1,371,382.55
5. Monthly Interest
Principal
6. Current month's principal
distribution 4,006,810.64 7.88742252
7. Remaining outstanding principal
balance 234,494,502.61 461.6033516
Pool Factor .46160335
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 345,620,217.50**
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
SEPTEMBER 1997
PAYMENT October 15, 1997
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
Page 2
CUSIP# 393534AA0
Trust Account # 33-31829-0
Distribution Date: October 15, 1997
SECURITIZED NET INTEREST MARGIN PER $1,000
- ------------------------------- ORIGINAL
CERTIFICATES ----------
- ------------
9. Aggregate amount on deposit in
reserve funds:
(i) attributable to the Residual
Assets 76,336,301.40
(ii) attributable to this
securitization 24,157,613.64
10. Aggregate principal balance of
loans refinanced by Green Tree
Financial Corp. 7,357,777.52
11. Weighted average CPR 15.00%
12. Weighted average CDR 2.19%
13. Annualized net loss percentage 1.21%
14. Delinquency 30-59 day .79%
60-89 day 0.28%
90+ day 0.40%
Total 30+ 1.47%
First Trust N.A. Paying Agent/Bondholder Relations (612) 973-6700
**Present value of the projected remaining cashflows is based on estimated
future performance of the underlying loans. These projections are subject to
ongoing evaluation based upon a number of factors, including historical
performance. As such, this projected value may change periodically, not only as
a result of actual experience but also as a result of revisions made to the
assumptions upon which such projections are based.
The assumptions utilized in projecting this value are in the process of being
re-assessed at the time of publication of this report. The amount shown
represents the present value of projected remaining cashflows based on
assumptions similar to those used in the previous period.
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
SEPTEMBER 1997
PAYMENT October 15, 1997
<TABLE>
<CAPTION>
Fee Assets
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Guarantee GNMA Excess Inside Fee Asset
Fees Excess Servicing Refi Total
------------ ----------- ---------- ------------ ----------
<S> <C> <C> <C> <C> <C>
MaHCS 1987-A 24,405.12 5,743.84 381.12 30,530.08
MaHCS 1987-B 39,538.16 14,654.61 1,154.92 55,347.69
MLMI 1987B 31,745.35 3,858.98 35,604.33
MLMI 1987C 38,361.85 6,997.29 45,359.14
MLMI 1988E 39,143.25 6,814.26 2,529.87 48,487.38
MLMI 1988H 6,917.96 6,917.96
MLMI 1988Q 10,561.40 10,561.40
MLMI 1988X 8,110.20 8,110.20
MLMI 1989B 4,810.27 4,810.27
MLMI 1989D 9,702.37 9,702.37
MLMI 1989F 27,148.50 13,816.15 4,621.61 45,586.26
MLMI 1989H 1,566.48 1,566.48
MLMI 1990B 7,901.67 3,308.84 11,210.51
MLMI 1990D 17,556.64 11,551.37 2,462.82 31,570.83
MLMI 1990G 7,132.42 7,132.42
MLMI 1990I
MLMI 1991B 10,373.31 10,373.31
MLMI 1991D 14,887.30 14,887.30
MLMI 1991G 21,443.01 21,443.01
MLMI 1991I 22,862.79 22,862.79
MLMI 1992B 72,246.69 72,246.69
MLMI 1992D 4,157.10 4,157.10
GTFC 1992-1 227,668.17 48,657.06 38,134.44 314,477.67
GTFC 1992-2 81,809.12 60,492.87 26,448.63 168,750.62
GTFC 1993-1 149,687.28 54,877.70 41,600.52 246,165.50
GTFC 1993-2 234,726.94 106,592.37 58,227.56 399,546.87
GTFC 1993-3 604,800.07 163,116.19 108,729.21 876,645.47
GTFC 1993-4 .00 187,545.86 187,545.86
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Conventional 1,516,608.45 878,692.62 296,298.44 2,691,599.51
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
SEPTEMBER 1997
PAYMENT October 15, 1997
GNMA Servicing Fees 2,120,433.59 114,777.50 2,235,211.09
FHA Payment (707,813.61) (707,813.61)
Servicing (351,020.41) (351,020.41)
Prepayment shortfalls (25,987.40) (25,987.40)
Liquidation Losses (134,523.21) (134,523.21)
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GNMA 901,088.96 114,777.50 1,015,866.46
Total amount of Guarantee Fees, GNMA Excess Spread, Excess
Servicing Fees, and Inside Refinance Payments 3,707,465.97
Payment on Finance 1 Note 3,707,465.97
Allocable to Interest (current) 605,060.91
Allocable to accrued but unpaid Interest .00
Accrued and unpaid Trustee Fees .00
Allocable to Principal 3,102,405.06
Finance 1 Note Principal Balance 102,125,579.44
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
SEPTEMBER 1997
PAYMENT October 15, 1997
Inside
Residual Refi Total
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MaHCS 1987-A .00 .00
MaHCS 1987-B .00 .00
MLMI 1987B .00 .00
MLMI 1987C .00 .00
MLMI 1988E .00 .00
MLMI 1988H 20,349.32 1,724.13 22,073.45
MLMI 1988Q 12,961.88 3,680.86 16,642.74
MLMI 1988x 17,091.83 2,712.44 19,804.27
MLMI 1989B 24,271.03 .00 24,271.03
MLMI 1989D .00 1,289.43 1,289.43
MLMI 1989F .00 .00
MLMI 1989H .00 .00
MLMI 1990B .00 .00
MLMI 1990D .00 .00
MLMI 1990G .00 .00
MLMI 1990I .00 44,973.29 44,973.29
MLMI 1991B 87,693.46 17,961.59 105,655.05
MLMI 1991D 52,921.28 4,784.85 57,706.13
MLMI 1991G 140,499.38 54,299.58 194,798.96
MLMI 1991I 116,365.68 79,866.70 196,232.38
MLMI 1992B 405,239.23 164,269.08 569,508.31
MLMI 1992D 57,639.95 57,639.95
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 1993-4 284,940.48 75,191.75 360,132.23
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1,162,333.57 508,393.65 1,670,727.22
Total Residual and Inside
Refinance Payments 1,670,727.22
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