GREEN TREE FINANCIAL CORP
8-K, 1998-05-04
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): APRIL 15, 1998


             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.)
<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 April 15, 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 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
                              April 15, 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: April 15, 1998


                                SECUTIZED 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
                                    Senior Vice President and Treasurer
<PAGE>
 
                                INDEX TO EXHIBITS



EXHIBIT
NUMBER                                                                    PAGE
- -------                                                                   ----
 99.1     Monthly Report delivered to Certificateholders                   5
          on April 15, 1998.

<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                   MARCH 1998
                             PAYMENT April 15, 1998
               7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

                                               CUSIP# 393534AC6
                                               Trust Account # 33-34309-0
                                               Distribution Date: April 15, 1998

SECURITIZED NET INTEREST MARGIN                                   PER $1,000
CERTIFICATES                                                      ORIGINAL
- -------------------------------                                   ----------
1. Amount Available                            2,338,628.45

Interest

2. Aggregate Interest                          1,069,256.30         3.47161136

3. Amount Applied to:
   (a)      accrued but unpaid Interest

4. Remaining:
   (a)      accrued but unpaid Interest

5. Monthly Interest                            1,069,256.30

Principal

6. Current month's principal
   distribution                                1,269,372.15         4.12133815

7. Remaining outstanding principal
   balance                                   175,710,980.72        570.4901971
   Pool Factor                                    .57049020

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                         535,040,617.62**

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)                 32,790.78

11.Aggregate principal balance of
   loans refinanced by Green Tree
   Financial                                  15,634,432.13
<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                   MARCH 1998
                             PAYMENT April 15, 1998
               7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES
                                     Page 2

                                               CUSIP# 393534AC6
                                               Trust Account # 33-34309-0
                                               Distribution Date:April 15, 1998






12. Weighted average CPR                                      19.28%

13. Weighted average CDR                                      6.29%

14. Annualized net loss percentage                            3.25%

15. Delinquency              30-59 day                         .73%

                             60-89 day                         .22%

                             90+ day                           .49%

                             Total 30+                        1.44%




First Trust N.A. Paying Agent/Bondholder Relations (612) 973-6700

**Represents present value of assets for NIM 94-A, 94-B, & 95-A, after
cross-collateralization as of 3/15/98.
<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                   MARCH 1998
                             PAYMENT April 15, 1998

                                         FEE ASSETS
                  -----------------------------------------------------
                     GUARANTEE              INSIDE           FEE ASSET
                       FEES                  REFI              TOTAL
                  -------------          ----------         -----------
GTFC 1994-5          200,145.44          126,683.96          326,829.40
GTFC 1994-6          148,707.61          125,812.72          274,520.33
GTFC 1994-7                               59,125.79           59,125.79
GTFC 1994-8                              151,114.64          151,114.64
GTFC 1995-1                               96,203.97           96,203.97
GTFC 1995-2                 .00                 .00                 .00
GTFC 1995-3                              299,490.51          299,490.51
GTFC 1995-4           98,149.87          206,296.38          304,446.25
GTFC 1995-5                0.00                 .00                 .00
                  -------------         -----------          ----------
                     447,002.92        1,064,727.97        1,511,730.89

Total amount of Guarantee Fees and Inside
Refinance Payments                                         1,511,730.89
Subordinated Servicing Fees                                  509,302.17

Payment on Finance 1 Note                                  2,021,033.06

Allocable to Interest (current)                              790,160.12

Allocable to accrued but unpaid Interest                            .00

Accrued and unpaid Trustee Fees                                     .00

Allocable to Principal                                     1,230,872.94

Finance 1 Note Principal Balance                         129,554,250.11
<PAGE>
 
                           GREEN TREE FINANCIAL CORP.
                        NET INTEREST MARGIN TRUST 1995-A
                                   MARCH 1998
                             PAYMENT April 15, 1998



                                 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        .00         133,316.67       133,316.67
GTFC 1995-3        .00                .00              .00
GTFC 1995-4        .00                .00              .00
GTFC 1995-5        .00         184,278.72       184,278.72
           -----------------------------------------------
                   .00         317,595.39       317,595.39



Total Residual and Inside Refinance Payments    317,595.39


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