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Previous: GREEN TREE FINANCIAL CORP, 8-K, 1998-08-21 |
Next: GREEN TREE FINANCIAL CORP, 8-K, 1998-08-21 |
<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): AUGUST 17, 1998
HOME IMPROVEMENT AND HOME EQUITY LOAN TRUST 1998-B
--------------------------------------------------
(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 August 17, 1998, 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 August 17, 1998.
<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: August 17, 1998
HOME IMPROVEMENT AND HOME EQUITY
LOAN TRUST 1998-B
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/ Phyllis A. Knight
---------------------
Phyllis A. Knight
Senior Vice President and Treasurer
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
- ------ ----
99.1 Monthly Report delivered to Certificateholders 5
on August 17, 1998.
<PAGE>
GREEN TREE FINANCIAL CORP.
CERTIFICATE REGARDING REPURCHASED CONTRACTS
The undersigned certifies that she is Senior Vice President and Treasurer of
Green Tree Financial Corp., a Minnesota corporation (the "Company"), and that as
such he 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 March 1, 1998 between the Company and First Trust
National Association, as Trustee of Home Improvement and Home Equity Trust 1998-
B (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 12th day of August
1998.
GREEN TREE FINANCIAL CORP.
BY: /s/Phyllis A. Knight
--------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that she is sr.vice president and treasure of Green
Tree Financial Corp., a Delaware corporation (the "Company"), and that as such
she is duly authorized to execute and deliver this certificate on behalf of the
Company pursuant to Schedule 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated as of March 1, 1998 between the Company and First Trust
National Association, as Trustee of Home Improvement and Home Equity Loan Trust
1998-B (all capitalized terms used herein without definition having the
respective meaning specified in the Agreement), and further certifies that;
1. The Monthly Report for the period from July 1, 1998 to July 31, 1998
attached to this certificate is complete and accurate in accordance with
the requirements of this Section 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 12th day of
August, 1998.
GREEN TREE FINANCIAL CORPORATION
BY /s/ Phyllis A. Knight
-------------------------------
Phyllis A. Knight
Sr. Vice President and Treasurer
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
-------------
MONTHLY REPORT CUSIP# 393505 B35
-------------
JULY 1998 B43 B50 B68
-------------
B92 C26 B76 B84
---------------
TRUST ACCOUNT: 3336435-0
--------------
SUB-POOL HI
-----------
1. (A) SUB-POOL HI AMOUNT AVAILABLE (INCLUDING MONTHLY
SERVICING FEE) $ 4,410,635.12
-------------
(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 $ 0.00
-------------
(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 $ 4,410,635.12
-------------
2. SUB-POOL HI FORMULA PRINCIPAL DISTRIBUTION AMOUNT:
(A) SCHEDULED PRINCIPAL $ 299,775.67
-------------
(B) PRINCIPAL PREPAYMENTS 2,677,687.35
-------------
(C) LIQUIDATED CONTRACTS 87,451.29
-------------
(D) REPURCHASES 0.00
-------------
(E) SUB-POOL HI PRE-FUNDED AMOUNT, IF ANY
POST-FUNDING PAYMENT DATE) PREVIOUSLY
UNDISTRIBUTED (A)-(D) AMOUNTS 0.00
-------------
TOTAL PRINCIPAL $ 3,064,914.31
-------------
3. SUB-POOL HI SENIOR PERCENTAGE 100%
-------------
4. CLASS HI: B PERCENTAGE 100%
-------------
CLASS HI: A CERTIFICATES
-------------------------
INTEREST
5. AGGREGATE INTEREST
(A) CLASS HI: A-1 PASS-THROUGH RATE 6.06%
-----
(B) CLASS HI: A-1 INTEREST $ 154,158.37
-------------
(C) CLASS HI: A-2 PASS-THROUGH RATE 6.13%
-----
(D) CLASS HI: A-2 INTEREST $ 143,033.33
-------------
(E) CLASS HI: A-3 PASS-THROUGH RATE 6.16%
-----
(F) CLASS HI: A-3 INTEREST $ 76,230.00
-------------
(G) CLASS HI: A-4 PASS-THROUGH RATE 6.39%
-----
(H) CLASS HI: A-4 INTEREST $ 191,167.50
-------------
6. AMOUNT APPLIED TO UNPAID CLASS HI: A INTEREST SHORTFALL $ 0.00
-------------
7. REMAINING UNPAID CLASS HI: A INTEREST SHORTFALL $ 0.00
-------------
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
MONTHLY REPORT CUSIP# 393505 B35
JULY 1998 B43 B50 B68
PAGE 2 B92 C26 B76 B84
TRUST ACCOUNT: 3336435-0
PRINCIPAL
8. CLASS HI: A PRINCIPAL DISTRIBUTION:
(A) CLASS HI: A-1 $ 3,064,914.31
---------------
(B) CLASS HI: A-2 $ 0.00
---------------
(C) CLASS HI: A-3 $ 0.00
---------------
(D) CLASS HI: A-4 $ 0.00
---------------
9. CLASS HI: A PRINCIPAL BALANCE:
(A) CLASS HI: A-1 PRINCIPAL BALANCE $ 27,461,495.26
---------------
(B) CLASS HI: A-2 PRINCIPAL BALANCE $ 28,000,000.00
---------------
(C) CLASS HI: A-3 PRINCIPAL BALANCE $ 14,850,000.00
---------------
(C) CLASS HI: A-4 PRINCIPAL BALANCE $ 35,900,000.00
---------------
10. AMOUNT, IF ANY, BY WHICH CLASS HI: A FORMULA DISTRIBUTION
AMOUNT EXCEEDS CLASS HI: A DISTRIBUTION AMOUNT $ 0.00
---------------
CLASS HI: M-1 CERTIFICATES
11. SUB-POOL HI AMOUNT AVAILABLE LESS THE CLASS HI: A
DISTRIBUTION AMOUNT
(INCLUDING MONTHLY SERVICING FEE) $ 781,131.61
---------------
INTEREST ON CLASS HI: M-1 PRINCIPAL BALANCE LESS CLASS HI:
M-1 LIQUIDATION LOSS PRINCIPAL AMOUNT
12. CURRENT INTEREST
(A) CLASS HI: M-1 PASS-THROUGH RATE 6.95%
-----
(B) CLASS HI: M-1 INTEREST $ 69,500.00
---------------
13. AMOUNT APPLIED TO UNPAID CLASS HI: M-1 INTEREST SHORTFALL $ 0.00
---------------
14. REMAINING UNPAID CLASS HI: M-1 INTEREST SHORTFALL $ 0.00
---------------
15. CLASS HI: M-1 INTEREST DEFICIENCY AMOUNT $ 0.00
---------------
16. CLASS HI: M-1 INTEREST DEFICIENCY AMOUNT UNPAID $ 0.00
---------------
PRINCIPAL
17. CLASS HI: M-1 PRINCIPAL DISTRIBUTION $ 0.00
---------------
18. CLASS HI: M-1 PRINCIPAL BALANCE $ 12,000,000.00
---------------
19. AMOUNT, IF ANY, BY WHICH CLASS HI: M-1 FORMULA
DISTRIBUTION AMOUNT EXCEEDS CLASS HI: M-1 DISTRIBUTION
AMOUNT $ 0.00
---------------
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
<TABLE>
<CAPTION>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
---------------
MONTHLY REPORT CUSIP# 393505 B35
---------------
JULY 1998 B43 B50 B68
---------------
PAGE 3 B92 C26 B76 B84
---------------
TRUST ACCOUNT: 3336435-0
---------------
<S> <C> <C>
CLASS HI: M-2 CERTIFICATES
---------------------------
20. SUB-POOL HI AMOUNT AVAILABLE LESS THE CLASS HI: A
DISTRIBUTION AMOUNT AND CLASS HI: M-1 DISTRIBUTION
AMOUNT (INCLUDING MONTHLY SERVICING FEE) $ 711,631.61
---------------
INTEREST ON CLASS HI: M-2 PRINCIPAL BALANCE LESS
CLASS HI: M-2 LIQUIDATION LOSS PRINCIPAL AMOUNT
21. CURRENT INTEREST
(A) CLASS HI: M-2 PASS-THROUGH RATE
7.17%
----
(B) CLASS HI: M-2 INTEREST $ 44,812.50
---------------
22. AMOUNT APPLIED TO UNPAID CLASS HI: M-2 INTEREST
SHORTFALL $ 0.00
---------------
23. REMAINING UNPAID CLASS HI: M-2 INTEREST SHORTFALL $ 0.00
---------------
24. CLASS HI: M-2 INTEREST DEFICIENCY AMOUNT $ 0.00
---------------
25. CLASS HI: M-2 INTEREST DEFICIENCY AMOUNT UNPAID $ 0.00
---------------
PRINCIPAL
26. CLASS HI: M-2 PRINCIPAL DISTRIBUTION $ 0.00
---------------
27. CLASS HI: M-2 PRINCIPAL BALANCE $ 7,500,000.00
---------------
CLASS HI: B PRINCIPAL DISTRIBUTION TESTS
(TESTS MUST BE SATISFIED ON AND AFTER THE
PAYMENT DATE OCCURRING IN APRIL 2001)
28. SUB-POOL HI AVERAGE SIXTY-DAY DELIQUENCY RATIO TEST
(A) SIXTY-DAY DELINQUENCY RATIO FOR CURRENT
PAYMENT DATE 0.51%
---------------
(B) SUB-POOL HI AVERAGE SIXTY-DAY DELINQUENCY RATIO TEST
(ARITHMETIC AVERAGE OF RATIOS FOR THIS MONTH
AND TWO PRECEDING MONTHS; MAY NOT EXCEED
2.5%) 0.35%
---------------
29. SUB-POOL HI AVERAGE THIRTY-DAY DELINQUENCY RATIO
TEST
(A) THIRTY-DAY DELINQUENCY RATIO FOR CURRENT
PAYMENT DATE 1.39%
---------------
(B) SUB-POOL HI AVERAGE THIRTY-DAY DELINQUENCY
RATIO TEST (ARITHMETIC AVERAGE OF RATIOS FOR
THIS MONTH AND TWO PRECEDING MONTHS; MAY
NOT EXCEED 5%) 1.05%
---------------
</TABLE>
<PAGE>
<TABLE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
--------------------
MONTHLY REPORT CUSIP# 393505 B35
--------------------
JULY 1998 B43 B50 B68
--------------------
PAGE 4 B92 C26 B76 B84
--------------------
TRUST ACCOUNT: 3336435-0
--------------------
<S> <C> <C> <C>
30. 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 10.0%.) 0.13%
--------------------
31. SUB-POOL HI CURRENT REALIZED LOSSES TEST
(A) CURRENT REALIZED LOSSES FOR CURRENT PAYMENT DATE $ 91,220.66
--------------------
(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 2.5%) 0.51%
--------------------
32. 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 14.0%) 7.54%
--------------------
CLASS HI: B-1 CERTIFICATES
---------------------------
33. SUB-POOL HI AMOUNT AVAILABLE LESS THE CLASS HI: A DISTRIBUTION AMOUNT
AND CLASS HI: M DISTRIBUTION AMOUNT (INCLUDING MONTHLY SERVICING FEE) $ 666,819.11
--------------------
INTEREST ON CLASS HI: B-1 PRINCIPAL BALANCE LESS CLASS HI: B-1
LIQUIDATION LOSS PRINCIPAL AMOUNT
34. CURRENT INTEREST
(A) CLASS HI: B-1 PASS-THROUGH RATE 7.70%
-----
(B) CLASS HI: B-1 INTEREST
$ 45,718.75
--------------------
35. AMOUNT APPLIED TO UNPAID CLASS HI: B-1 INTEREST SHORTFALL
$ 0.00
---------------------
36. REMAINING UNPAID CLASS HI: B-1 INTEREST SHORTFALL
$ 0.00
--------------------
37. CLASS HI: B-1 INTEREST DEFICIENCY AMOUNT
$ 0.00
--------------------
38. CLASS HI: B-1 INTEREST DEFICIENCY AMOUNT UNPAID
$ 0.00
--------------------
</TABLE>
<PAGE>
<TABLE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
--------------------
MONTHLY REPORT CUSIP# 393505 B35
--------------------
JULY 1998 B43 B50 B68
--------------------
PAGE 5 B92 C26 B76 B84
--------------------
TRUST ACCOUNT: 3336435-0
--------------------
<S> <C> <C> <C>
PRINCIPAL
39. CLASS HI: B-1 PRINCIPAL DISTRIBUTION $ 0.00
--------------------
40. CLASS HI: B-1 PRINCIPAL BALANCE $ 7,125,000.00
--------------------
41. AMOUNT, IF ANY, BY WHICH CLASS HI: B-1 FORMULA DISTRIBUTION AMOUNT
EXCEEDS CLASS HI: B-1 DISTRIBUTION AMOUNT $ 0.00
--------------------
CLASS HI: B-2 CERTIFICATES
---------------------------
42. REMAINING SUB-POOL HI AMOUNT AVAILABLE $ 621,100.36
--------------------
INTEREST ON CLASS HI: B-2 PRINCIPAL BALANCE LESS
LIQUIDATION LOSS PRINCIPAL AMOUNT
43. CURRENT INTEREST
(A) CLASS HI: B-2 PASS-THROUGH RATE 8.50%
-----
(B) CLASS HI: B-2 INTEREST $ 23,906.25
--------------------
44. AMOUNT APPLIED TO UNPAID CLASS HI: B-2 INTEREST SHORTFALL
$ 0.00
--------------------
45. REMAINING UNPAID CLASS HI: B-2 INTEREST SHORTFALL $ 0.00
--------------------
PRINCIPAL
46. CLASS HI: B-2 PRINCIPAL DISTRIBUTION $ 0.00
-------------------
47. CLASS HI: B-2 GUARANTY PAYMENT $ 0.00
-------------------
48. CLASS HI: B-2 PRINCIPAL BALANCE $ 3,375,000.00
-------------------
49. AMOUNT, IF ANY, BY WHICH CLASS HI: B-2 FORMULA DISTRIBUTION AMOUNT
PLUS CLASS HI: B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT EXCEEDS
CLASS HI: B-2 DISTRIBUTION AMOUNT $ 0.00
--------------------
</TABLE>
<PAGE>
<TABLE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 -B DISTRIBUTION DATE: 8/17/98
--------------------
MONTHLY REPORT CUSIP# 393505 B35
--------------------
JULY 1998 B43 B50 B68
--------------------
PAGE 6 B92 C26 B76 B84
--------------------
TRUST ACCOUNT: 3336435-0
--------------------
<S> <C> <C>
INTEREST ON CLASS HI: M-1, M-2, B-1, AND B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT
50. CLASS HI: M-1
(A) CLASS HI: M-1 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
--------------------
(B) INTEREST AT CLASS HI: M-1 PASS-THROUGH RATE ON:
CLASS HI: M-1 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
--------------------
(C) AMOUNT APPLIED TO UNPAID CLASS HI: M-1
LIQUIDATION LOSS INTEREST SHORTFALL $ 0.00
--------------------
(D) REMAINING UNPAID CLASS HI: M-1 LIQUIDATION
LOSS INTEREST SHORTFALL $ 0.00
--------------------
51. CLASS HI: M-2
(A) CLASS HI: M-2 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
--------------------
(B) INTEREST AT CLASS HI: M-2 PASS-THROUGH RATE ON:
CLASS HI: M-2 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
--------------------
(C) AMOUNT APPLIED TO UNPAID CLASS HI: M-2
LIQUIDATION LOSS INTEREST SHORTFALL $ 0.00
--------------------
(D) REMAINING UNPAID CLASS HI: M-2 LIQUIDATION
LOSS INTEREST SHORTFALL $ 0.00
--------------------
52. CLASS HI: B-1
(A) CLASS HI: B-1 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
--------------------
(B) INTEREST AT CLASS HI: B-1 PASS-THROUGH RATE ON:
CLASS HI: B-1 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
--------------------
(C) AMOUNT APPLIED TO UNPAID CLASS HI: B-1
LIQUIDATION LOSS INTEREST SHORTFALL $ 0.00
--------------------
(D) REMAINING UNPAID CLASS HI: B-1 LIQUIDATION
LOSS INTEREST SHORTFALL $ 0.00
--------------------
53. CLASS HI: B-2
(A) CLASS HI: B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
---------------------
(B) INTEREST AT CLASS HI: B-2 PASS-THROUGH RATE ON:
CLASS HI: B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT $ 0.00
---------------------
(C) AMOUNT APPLIED TO UNPAID CLASS HI: B-2
LIQUIDATION LOSS INTEREST SHORTFALL $ 0.00
---------------------
(D) REMAINING UNPAID CLASS HI: B-2 LIQUIDATION
LOSS INTEREST SHORTFALL $ 0.00
---------------------
</TABLE>
<PAGE>
<TABLE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENTS AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
----------------
MONTHLY REPORT CUSIP# 393505 B35
----------------
JULY 1998 B43 B50 B68
----------------
PAGE 7 B92 C26 B76 B84
----------------
TRUST ACCOUNT: 3336435-0
----------------
<S> <C> <C> <C>
CLASS HI: A, CLASS HI: M, AND CLASS HI: B CERTIFICATES
---------------------------------------------------------
54. POOL SCHEDULED PRINCIPAL BALANCE OF SUB-POOL HI $136,211,495.26
---------------
55. SUB-POOL HI POOL FACTORS
(A) CLASS HI: A-1 POOL FACTOR .66573322
---------------
(B) CLASS HI: A-2 POOL FACTOR 1.00000000
---------------
(C) CLASS HI: A-3 POOL FACTOR 1.00000000
---------------
(D) CLASS HI: A-3 POOL FACTOR 1.00000000
---------------
(E) CLASS HI: M-1 POOL FACTOR 1.00000000
---------------
(F) CLASS HI: M-2 POOL FACTOR 1.00000000
---------------
(G) CLASS HI: B-1 POOL FACTOR 1.00000000
---------------
(H) CLASS HI: B-2 POOL FACTOR 1.00000000
---------------
56. HOME IMPROVEMENT CONTRACTS DELINQUENT:
(A) 31-59 DAYS 1,198,663.52 67
------------ ----
(B) 60-89 DAYS 225,498.62 11
------------ ----
(C) 90 OR MORE DAYS 395,952.52 19
------------ ----
57. PRINCIPAL BALANCE OF DEFAULTED HOME IMPROVEMENT
CONTRACTS $ 68,606.83
--------------
58. NUMBER OF LIQUIDATED HOME IMPROVEMENT CONTRACTS AND
NET LIQUIDATED LOSS # 4 $ 91,220.66
----- --------------
59. NUMBER OF HOME IMPROVEMENT CONTRACTS
REMAINING 6,535
--------------
60. NUMBER AND PRINCIPAL BALANCE OF HOME IMPROVEMENT CONTRACTS
WITH FHA CLAIMS FINALLY REJECTED, OR NO FHA CLAIM WAS
SUBMITTED BECAUSE FHA INSURANCE WAS UNAVAILABLE # 9 $ 190,652.89
----- --------------
61. FHA INSURANCE RESERVE AMOUNT $80,696,689.61
--------------
62. AMOUNT RECEIVED FROM FHA INSURANCE $ 0.00
--------------
</TABLE>
<PAGE>
<TABLE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: 8/17/98
-----------------
MONTHLY REPORT CUSIP# 393505 C34 C42
-----------------
JULY 1998 C59 C67 C75 C83
-----------------
C91 D66 D41
-----------------
D58 D25 D33
-----------------
TRUST ACCOUNT: 3336435-0
-----------------
<S> <C> <C> <C>
SUB-POOL HE
-----------
1. (A) SUB-POOL HE AMOUNT AVAILABLE (INCLUDING
MONTHLY SERVICING FEE) $ 8,877,054.24
-----------------
(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 PRIOR PAYMENT DATE $ 0.00
-----------------
(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 $ 8,877,054.24
-----------------
2. SUB-POOL HE FORMULA PRINCIPAL DISTRIBUTION AMOUNT:
(A) SCHEDULED PRINCIPAL $ 282,023.63
-----------------
(B) PRINCIPAL PREPAYMENTS 3,505,014.63
-----------------
(C) LIQUIDATED CONTRACTS 0.00
-----------------
(D) REPURCHASES 192,806.90
-----------------
(E) PREVIOUSLY UNDISTRIBUTED PRINCIPAL
AMOUNTS 0.00
-----------------
(F) PRE-FUNDED FIXED RATE AMOUNT, IF ANY 0.00
-----------------
(G) LESS CLASS HE: A-1 ARM FORMULA PRINCIPAL
DISTRIBUTION AMOUNT 0.00
-----------------
TOTAL PRINCIPAL $ 3,979,845.16
-----------------
3. CLASS HE: A-1 ARM FORMULA PRINCIPAL DISTRIBUTION
AMOUNT (LESSER OF CLASS HE: A-1 ARM PLUS HE: A-1B
ARM PRINCIPAL BALANCE OR SUM OF (A) - (F))
(A) SCHEDULED PRINCIPAL $ 79,996.87
-----------------
(B) PRINCIPAL PREPAYMENTS 1,260,496.57
-----------------
(C) LIQUIDATED CONTRACTS 0.00
-----------------
(D) REPURCHASES 0.00
-----------------
(E) PRE-FUNDED ARM AMOUNT, IF ANY 0.00
-----------------
(F) CLAUSE (VI) OF DEFINITION 0.00
-----------------
TOTAL PRINCIPAL $ 1,340,493.44
-----------------
4. SUB-POOL HE SENIOR PERCENTAGE 100%
-----------------
5. CLASS HE: B PERCENTAGE 100%
-----------------
</TABLE>
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION
DATE: D58 D25 D33
----------------
MONTHLY REPORT CUSIP# 3336435-0
----------------
JULY 1998 C59 C67 C75 C83
----------------
PAGE 2 C91 D66 D41
----------------
D58 D25 D33
----------------
TRUST ACCOUNT: 3336435-0
----------------
CLASS HE: A CERTIFICATES
- ------------------------
INTEREST
<TABLE>
<S> <C> <C>
6. AGGREGATE INTEREST
(A) CLASS HE: A-1A ARM PASS-THROUGH RATE 6.17%
----
(B) CLASS HE: A-1A INTEREST $ 77,125.00
-------------
(C) CLASS HE: A-1B ARM PASS-THROUGH RATE 5.87625%
-------
(D) CLASS HE: A-1B INTEREST $ 579,986.92
-------------
(E) CLASS HE: A-1 PASS-THROUGH RATE 6.06%
----
(F) CLASS HE: A-1 INTEREST $ 431,086.14
-------------
(G) CLASS HE: A-2 PASS-THROUGH RATE 6.16%
----
(H) CLASS HE: A-2 INTEREST $ 107,800.00
-------------
(I) CLASS HE: A-3 PASS-THROUGH RATE 6.28%
----
(J) CLASS HE: A-3 INTEREST $ 287,833.33
-------------
(K) CLASS HE: A-4 PASS-THROUGH RATE 6.57%
----
(L) CLASS HE: A-4 INTEREST $ 98,550.00
-------------
(M) CLASS HE: A-5 PASS-THROUGH RATE 6.42%
----
(N) CLASS HE: A-5 INTEREST $ 85,600.00
-------------
(O) CLASS HE: A-6IO PASS-THROUGH RATE 8.00%
----
(P) CLASS HE: A-6IO INTEREST $ 133,333.33
-------------
7. AMOUNT APPLIED TO UNPAID CLASS HE: A INTEREST SHORTFALL $ 0.00
-------------
8. REMAINING UNPAID CLASS HE: A INTEREST SHORTFALL $ 0.00
-------------
9. CLASS HE: A-5 LOCKOUT PERCENTAGE FOR SUCH PAYMENT DATE 100%
-------------
10. CLASS HE: A PRINCIPAL DISTRIBUTION:
(A) CLASS HE: A-1A ARM $ 0.00
-------------
(B) CLASS HE: A-1B ARM $1,340,493.44
-------------
(C) CLASS HE: A-5 LOCKOUT PRO RATA DISTRIBUTION AMOUNT $ 0.00
-------------
(D) BALANCE OF SUB-POOL HE SENIOR PERCENTAGE OF SUB-POOL HE
FORMULA PRINCIPAL DISTRIBUTION AMOUNT:
(I) CLASS HE: A-1 $3,979,845.16
-------------
(II) CLASS HE: A-2 $ 0.00
-------------
(III) CLASS HE: A-3 $ 0.00
-------------
(IV) CLASS HE: A-4 $ 0.00
-------------
(V) CLASS HE: A-5 $ 0.00
-------------
</TABLE>
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION
DATE: D58 D25 D33
----------------
MONTHLY REPORT CUSIP# 3336435-0
----------------
JULY 1998 C59 C67 C75 C83
----------------
PAGE 3 C91 D66 D41
----------------
D58 D25 D33
----------------
TRUST ACCOUNT: 3336435-0
<TABLE>
<S> <C> <C>
11. CLASS HE: A PRINCIPAL BALANCE:
(A) CLASS HE: A-1A ARM PRINCIPAL BALANCE $ 15,000,000.00
----------------
(B) CLASS HE: A-1B ARM PRINCIPAL BALANCE $ 106,332,428.15
----------------
(C) CLASS HE: A-1 PRINCIPAL BALANCE $ 81,383,747.78
----------------
(D) CLASS HE: A-2 PRINCIPAL BALANCE $ 21,000,000.00
----------------
(E) CLASS HE: A-3 PRINCIPAL BALANCE $ 55,000,000.00
----------------
(F) CLASS HE: A-4 PRINCIPAL BALANCE $ 18,000,000.00
----------------
(G) CLASS HE: A-5 PRINCIPAL BALANCE $ 16,000,000.00
----------------
CLASS HE: M-1 CERTIFICATES
---------------------------
12. SUB-POOL HE AMOUNT AVAILABLE LESS THE CLASS HE: A
DISTRIBUTION AMOUNT (INCLUDING MONTHLY SERVICING FEE) $ 1,755,400.92
----------------
INTEREST ON CLASS HE: M-1 PRINCIPAL BALANCE LESS CLASS
HE: M-1 LIQUIDATION LOSS PRINCIPAL AMOUNT
13. CURRENT INTEREST
(A) CLASS HE: M-1 PASS-THROUGH RATE 7.08%
-----
(B) CLASS HE: M-1 INTEREST $ 141,600.00
----------------
14. AMOUNT APPLIED TO UNPAID CLASS HE: M-1 INTEREST
SHORTFALL $ 0.00
----------------
15. REMAINING UNPAID CLASS HE: M-1 INTEREST
SHORTFALL $ 0.00
----------------
16. CLASS HE: M-1 INTEREST DEFICIENCY AMOUNT $ 0.00
----------------
17. CLASS HE: M-1 INTEREST DEFICIENCY AMOUNT UNPAID $ 0.00
----------------
PRINCIPAL
18. CLASS HE: M-1 PRINCIPAL DISTRIBUTION $ 0.00
----------------
19. CLASS HE: M-1 PRINCIPAL BALANCE $ 24,000,000.00
----------------
20. AMOUNT, IF ANY, BY WHICH CLASS HE: M-1 FORMULA PRINCIPAL
DISTRIBUTION AMOUNT EXCEEDS CLASS HE: M-1 DISTRIBUTION
AMOUNT $ 0.00
----------------
</TABLE>
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
<TABLE>
<S> <C> <C>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: D58 D25 D33
-------------------
MONTHLY REPORT CUSIP# 3336435-0
-------------------
JULY 1998 C59 C67 C75 C83
-------------------
PAGE 4 C91 D66 D41
-------------------
D58 D25 D33
-------------------
TRUST ACCOUNT: 3336435-0
-------------------
CLASS HE: M-2 CERTIFICATES
---------------------------
21. SUB-POOL HE AMOUNT AVAILABLE LESS THE CLASS HE: A
DISTRIBUTION AMOUNT AND CLASS HE: M-1 DISTRIBUTION
AMOUNT (INCLUDING MONTHLY SERVICING FEE) $ 1,613,800.92
--------------
INTEREST ON CLASS HE: M-2 PRINCIPAL BALANCE LESS
CLASS HE: M-2 LIQUIDATION LOSS PRINCIPAL AMOUNT
22. CURRENT INTEREST
(A) CLASS HE: M-2 PASS-THROUGH RATE 7.33%
-----
(B) CLASS HE: M-2 INTEREST $ 85,516.67
--------------
23. AMOUNT APPLIED TO UNPAID CLASS HE: M-2 INTEREST
SHORTFALL $ 0.00
--------------
24. REMAINING UNPAID CLASS HE: M-2 INTEREST
SHORTFALL $ 0.00
--------------
25. CLASS HE: M-2 INTEREST DEFICIENCY AMOUNT $ 0.00
--------------
26. CLASS HE: M-2 INTEREST DEFICIENCY AMOUNT UNPAID $ 0.00
--------------
PRINCIPAL
27. CLASS HE: M-2 PRINCIPAL DISTRIBUTION $ 0.00
--------------
28. CLASS HE: M-2 PRINCIPAL BALANCE $ 14,000,000.00
--------------
29. AMOUNT, IF ANY, BY WHICH CLASS HE: M-2 FORMULA
PRINCIPAL DISTRIBUTION AMOUNT EXCEEDS CLASS HE:
M-2 DISTRIBUTION AMOUNT $ 0.00
--------------
CLASS HE: B PRINCIPAL DISTRIBUTION TESTS
(TESTS MUST BE SATISFIED ON AND AFTER THE PAYMENT DATE
OCCURRING IN APRIL 2001)
30. SUB-POOL HE AVERAGE SIXTY-DAY DELIQUENCY RATIO TEST
(A) SIXTY-DAY DELINQUENCY RATIO FOR CURRENT PAYMENT DATE 0.81%
--------------
(B) SUB-POOL HE AVERAGE SIXTY-DAY DELINQUENCY RATIO TEST
(ARITHMETIC AVERAGE OF RATIOS FOR THIS MONTH AND TWO
PRECEDING MONTHS; MAY NOT EXCEED 6.0%) 0.52%
--------------
31. SUB-POOL HE AVERAGE THIRTY-DAY DELINQUENCY RATIO TEST
(A) THIRTY-DAY DELINQUENCY RATIO FOR CURRENT PAYMENT
DATE 2.15%
--------------
(B) SUB-POOL HE AVERAGE THIRTY-DAY DELINQUENCY RATIO TEST
(ARITHMETIC AVERAGE OF RATIOS FOR THIS MONTH AND TWO
PRECEDING MONTHS; MAY NOT EXCEED 12%) 1.57%
--------------
</TABLE>
<PAGE>
[LETTERHEAD OF GREEN TREE FINANCIAL APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION
DATE: D58 D25 D33
----------------
MONTHLY REPORT CUSIP # 3336435-0
----------------
JULY 1998 C59 C57 C75 C83
----------------
PAGE 5 C91 D66 D41
----------------
D58 D25 D33
----------------
TRUST ACCOUNT: 3336435-0
----------------
32. 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 7.5%.) 0.00%
-------------
33. SUB-POOL HE CURRENT REALIZED LOSSES TEST
(A) CURRENT REALIZED LOSSES FOR CURRENT PAYMENT DATE
$ 0.00
-------------
(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 2.0%)
0.00%
-------------
34. CLASS HE: B PRINCIPAL BALANCE 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 13.5%) 7.05%
-------------
CLASS HE: B-1 CERTIFICATES
---------------------------
35. SHE AMOUNT AVAILABLE LESS THE CLASS HE: A DISTRIBUTION
AMOUNT AND CLASS HE: M DISTRIBUTION AMOUNT (INCLUDING
MONTHLY SERVICING FEE) $ 1,528,284.25
-------------
INTEREST ON CLASS HE: B-1 PRINCIPAL BALANCE LESS CLASS HE:
B-1 LIQUIDATION LOSS PRINCIPAL AMOUNT
36. CURRENT INTEREST
(A) CLASS HE: B-1 PASS-THROUGH RATE 7.81%
-----
(B) CLASS HE: B-1 INTEREST $ 104,133.33
-------------
37. AMOUNT APPLIED TO UNPAID CLASS HE: B-1 INTEREST SHORTFALL $ 0.00
-------------
38. REMAINING UNPAID CLASS HE: B-1 INTEREST SHORTFALL $ 0.00
-------------
39. CLASS HE: B-1 INTEREST DEFICIENCY AMOUNT $ 0.00
-------------
40. CLASS HE: B-1 INTEREST DEFICIENCY AMOUNT UNPAID $ 0.00
-------------
<PAGE>
<TABLE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: D58 D52 D33
-----------------
MONTHLY REPORT CUSIP# 3336435-0
-----------------
JULY 1998 C59 C67 C75 C83
-----------------
PAGE 6 C91 D66 D41
-----------------
D58 D25 D33
-----------------
TRUST ACCOUNT: 3336435-0
-----------------
<S> <C> <C> <C>
PRINCIPAL
41. CLASS HE: B-1 PRINCIPAL DISTRIBUTION $ 0.00
--------------------
42. CLASS HE: B-1 PRINCIPAL BALANCE $ 16,000,000.00
--------------------
43. AMOUNT, IF ANY, BY WHICH CLASS HE: B-1 FORMULA
PRINCIPAL DISTRIBUTION AMOUNT EXCEEDS CLASS HE: B-1 DISTRIBUTION
AMOUNT $ 0.00
--------------------
CLASS HE: B-2 CERTIFICATES
--------------------------
44. REMAINING SUB-POOL HE AMOUNT AVAILABLE $ 1,424,150.92
--------------------
INTEREST ON CLASS HE: B-2 PRINCIPAL BALANCE LESS LIQUIDATION
LOSS PRINCIPAL AMOUNT
45. CURRENT INTEREST
(A) CLASS HE: B-2 PASS-THROUGH RATE 8.49%
-----
(B) CLASS HE: B-2 INTEREST $ 77,825.00
--------------------
46. AMOUNT APPLIED TO UNPAID CLASS HE: B-2 INTEREST SHORTFALL $ 0.00
--------------------
47. REMAINING UNPAID CLASS HE: B-2 INTEREST SHORTFALL $ 0.00
--------------------
PRINCIPAL
48. CLASS HE: B-2 PRINCIPAL DISTRIBUTION $ 0.00
--------------------
49. CLASS HE: B-2 GUARANTY PAYMENT $ 0.00
--------------------
50. CLASS HE: B-2 PRINCIPAL BALANCE $ 11,000,000.00
--------------------
51. AMOUNT, IF ANY, ON WHICH CLASS HE: B-2 FORMULA DISTRIBUTION AMOUNT
AND CLASS HE: B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT EXCEEDS CLASS
HE: B-2 DISTRIBUTION AMOUNT $ 0.00
--------------------
</TABLE>
<PAGE>
[GREEN TREE LOGO]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998-B
MONTHLY REPORT
JULY 1998
PAGE 7
Distribution Date: D58 D25 D33
-----------------
CUSIP# 3336435-0
-----------------
C59 C67 C75 C83
-----------------
C91 D66 D41
-----------------
D58 D25 D33
-----------------
Trust Account: 3336435-0
-----------------
INTEREST ON CLASS HI: M-1, M-2, B-1 AND
B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT
52. Class HE: M-1
(a) Class HE: M-1 Liquidation Loss Principal Amount $0.00
-----
(b) Interest at Class HE: M-1 Pass-Through Rate on:
Class HE: M-1 Liquidation Loss Principal Amount $0.00
-----
(c) Amount applied to Unpaid Class HE: M-1
Liquidation Loss Interest Shortfall $0.00
-----
(d) Remaining Unpaid Class HE: M-1 Liquidation
Loss Interst Shortfall $0.00
-----
53. Class HE: M-2
(a) Class HE: M-2 Liquidation Loss Principal Amount $0.00
-----
(b) Interest at Class HE: M-2 Pass-Through Rate on
Class HE: M-2 Liquidation Loss Principal Amount $0.00
-----
(c) Amount applied to Unpaid Class HE: M-2
Liquidation Loss Interest Shortfall $0.00
-----
(d) Remaining Unpaid Class HE: M-2 Liquidation
Loss Interest Shortfall $0.00
-----
54. Class HE: B-1
(a) Class HE: B-1 Liquidation Loss Principal Amount $0.00
-----
(b) Interest at Class HE: B-1 Pass-Through Rate on:
Class HE: B-1 Liquidation Loss Principal Amount $0.00
-----
(c) Amount applied to Unpaid Class HE: B-1
Liquidation Loss Interest Shortfall $0.00
-----
(d) Remaining Unpaid Class HE: B-1 Liquidation
Loss Interst Shortfall $0.00
-----
55. Class HE: B-2
(a) Class HE: B-2 Liquidation Loss Principal Amount $0.00
-----
(b) Interst at Class HE: B-2 Pass-Through Rate on
Class HE: B-2 Liquidation Loss Principal Amount $0.00
-----
(c) Amount applied to Unpaid Class HE: B-2
Liquidation Loss Interest Shortfall $0.00
-----
(d) Remaining Unpaid Class HE: B-2 Liqudation
Loss Interest Shortfall $0.00
-----
GREEN TREE FINANCIAL CORPORATION
800 Landmark Towers - 345 St. Peter Street - Saint Paul, MN 55102
(651) 293-3434
<PAGE>
[LETTERHEAD OF GREEN TREE APPAERS HERE]
<TABLE>
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: D58 D25 D33
-----------------
MONTHLY REPORT CUSIP# 3336435-0
-----------------
JULY 1998 C59 C67 C75 C83
-----------------
PAGE 8 C91 D66 D41
-----------------
D58 D25 D33
-----------------
TRUST ACCOUNT: 3336435-0
-----------------
<S> <C> <C> <C>
CLASS HE: A, CLASS HE: M, AND CLASS HE: B CERTIFICATES
---------------------------------------------------------
56. POOL SCHEDULED PRINCIPAL BALANCE OF SUB-POOL HE
$ 377,716,175.93
--------------------
(A) FIXED RATE HOME EQUITY CONTRACTS $ 256,383,747.78
--------------------
(B) ADJUSTABLE RATE HOME EQUITY CONTRACTS $ 121,332,428.15
--------------------
57. SUB-POOL HE POOL FACTORS
(A) CLASS HE: A-1A ARM POOL FACTOR 1.00000000
--------------------
(B) CLASS HE: A-1B ARM POOL FACTOR .92462981
--------------------
(C) CLASS HE: A-1 POOL FACTOR .85667103
--------------------
(D) CLASS HE: A-2 POOL FACTOR 1.00000000
--------------------
(E) CLASS HE: A-3 POOL FACTOR 1.00000000
--------------------
(F) CLASS HE: A-4 POOL FACTOR 1.00000000
--------------------
(G) CLASS HE: A-5 POOL FACTOR 1.00000000
--------------------
(H) CLASS HE: M-1 POOL FACTOR 1.00000000
--------------------
(I) CLASS HE: M-2 POOL FACTOR 1.00000000
--------------------
(J) CLASS HE: B-1 POOL FACTOR 1.00000000
--------------------
(K) CLASS HE: B-2 POOL FACTOR 1.00000000
--------------------
58. HOME EQUITY CONTRACTS DELINQUENT:
TOTAL HE FIXED
(A) 31-59 DAYS 4,412,189.96 72
----------------- -----------
(B) 60-89 DAYS 1,011,812.29 18
----------------- -----------
(C) 90 OR MORE DAYS 163,780.96 4
----------------- -----------
ADJUSTABLE RATE
(A) 31-59 DAYS 674,481.22 6
----------------- -----------
(B) 60-89 DAYS 271,281.98 3
----------------- -----------
(C) 90 OR MORE DAYS 142,851.97 1
----------------- -----------
59. PRINCIPAL BALANCE OF DEFAULTED HOME EQUITY CONTRACTS
TOTAL HE FIXED CONTRACTS $ 1,054,677.80
--------------------
ADJUSTABLE RATE CONTRACTS $ 400,479.06
--------------------
60. NUMBER OF LIQUIDATED HOME EQUITY CONTRACTS AND NET LIQUIDATED LOSS
TOTAL HE FIXED CONTRACTS # 0 $ 0.00
------------------- --------------------
ADJUSTABLE RATE CONTRACTS # 0 $ 0.00
------------------- --------------------
</TABLE>
<PAGE>
[LETTERHEAD OF GREEN TREE APPEARS HERE]
GREEN TREE FINANCIAL CORPORATION
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
GREEN TREE TRUST
1998 - B DISTRIBUTION DATE: D58 D25 D33
----------------
MONTHLY REPORT CUSIP# 3336435-0
----------------
JULY 1998 C59 C67 C75 C83
----------------
PAGE 9 C91 D66 D41
----------------
D58 D25 D33
----------------
TRUST ACCOUNT: 3336435-0
----------------
<TABLE>
<S> <C>
61. NUMBER OF HOME EQUITY CONTRACTS REMAINING
TOTAL HE FIXED CONTRACTS 4,569
--------------------
ADJUSTABLE RATE CONTRACTS 954
--------------------
62. SUB-POOL PRE-FUNDED ARM AMOUNT $ 0.00
--------------------
63. SUB-POOL PRE-FUNDED FIXED RATE AMOUNT $ 0.00
--------------------
CLASS C SUBSIDIARY CERTIFICATES
-------------------------------
64. MONTHLY SERVICING FEE $ 326,445.58
--------------------
65. CLASS HE: B-2 GUARANTEE FEE $ 1,305,782.31
--------------------
66. CLASS C SUBSIDIARY RESIDUAL PAYMENT $ 311,292.14
--------------------
</TABLE>
PLEASE CONTACT THE BONDHOLDER RELATIONS DEPARTMENT OF U.S. BANK TRUST
NATIONAL ASSOCIATION AT (612) 973-5800 WITH ANY QUESTIONS REGARDING THIS
STATEMENT OR YOUR DISTRIBUTION.
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