<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): March 23, 1998
GREEN TREE FINANCIAL CORPORATION
--------------------------------
Delaware 01-08916 41-1807858
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (612) 293-3400
--------------------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant.
--------------------------------
Not applicable.
Item 2. Acquisition or Disposition of Assets.
------------------------------------
Not applicable.
Item 3. Bankruptcy or Receivership.
-------------------------
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
----------------------------------------------
Not applicable.
Item 5. Other Events.
------------
Not applicable.
Item 6. Resignations of Registrant's Directors.
--------------------------------------
Not applicable.
Item 7. Financial Statements and Exhibits.
---------------------------------
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
2
<PAGE>
(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Information with respect to certificates for
home equity loans to be transferred to the trust
formed in connection with the $400,000,000
(Approximate) Certificates for Home Equity Loans
Series 1998-A, issued by Green Tree Financial
Corporation, as Seller and Servicer.
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.
GREEN TREE FINANCIAL CORPORATION
/s/ Scott T. Young
By: ________________________________
Scott T. Young
Senior Vice President and Controller
3
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Page
- -------------- ----
99.1 Information with respect to certificates for home equity
loans to be transferred to the trust formed in connection
with the $400,000,000 (Approximate) Certificates for Home
Equity Loans, Series 1998-A, issued by Green Tree Financial
Corporation, as Seller and Servicer.
4
<PAGE>
EXHIBIT 99.1
$400,000,000 (APPROXIMATE)
CERTIFICATES FOR HOME EQUITY LOANS
SERIES 1998-A
INFORMATION REGARDING CERTAIN SUBSEQUENT CONTRACTS
Set forth below is information regarding certificates for home equity loans
transferred to the Trust on the Closing Date. The information below includes
only the Subsequent Contracts transferred to the Trust on the Closing Date.
Unless otherwise defined herein, all capitalized terms have the meanings set
forth in the Prospectus Supplement.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT % OF SUBSEQUENT
FIXED-RATE LOANS FIXED-RATE LOANS
NUMBER OF BY NUMBER OF AGGREGATE PRINCIPAL BY OUTSTANDING
LOANS AS OF LOANS AS BALANCE OUTSTANDING PRINCIPAL BALANCE
CUT-OFF DATE OF CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE
------------ ----------------- ------------------- ------------------
<S> <C> <C> <C> <C>
Alabama................. 59 4.16% $ 2,795,060.28 3.45%
Alaska.................. 1 .07% 41,986.58 .05
Arizona................. 36 2.54 2,571,093.01 3.18
Arkansas................ 21 1.48 994,001.30 1.23
California.............. 34 2.40 1,581,863.07 1.95
Colorado................ 26 1.83 1,960,586.33 2.42
Connecticut............. 14 .99 917,600.00 1.13
Delaware................ 5 .35 263,186.63 .33
District of Columbia.... 5 .35 437,836.13 .54
Florida................. 86 6.07 3,895,885.27 4.81
Georgia................. 76 5.36 4,584,566.82 5.66
Idaho................... 9 .64 414,250.00 .51
Illinois................ 88 6.21 5,329,704.87 6.58
Indiana................. 49 3.46 1,995,794.75 2.47
Iowa.................... 23 1.62 1,307,402.53 1.61
Kansas.................. 29 2.05 1,619,356.60 2.00
Kentucky................ 14 .99 834,550.53 1.03
Louisiana............... 16 1.13 817,308.12 1.01
Maine................... 1 .07 112,700.00 .14
Maryland................ 47 3.32 2,975,583.04 3.68
Massachusetts........... 11 .78 751,349.36 .93
Michigan................ 72 5.08 4,296,640.47 5.31
Minnesota............... 27 1.91 1,333,328.64 1.65
Missouri................ 40 2.82 2,093,306.99 2.59
Mississippi............. 9 .64 297,424.46 .37
Nebraska................ 5 .35 268,381.00 .33
Nevada.................. 6 .42 500,102.17 .62
New Hampshire........... 5 .35 168,873.22 .21
New Jersey.............. 27 1.91 1,985,105.34 2.45
New Mexico.............. 2 .14 48,773.61 .06
New York................ 55 3.88 3,527,838.72 4.36
North Carolina.......... 102 7.21 5,994,545.11 7.40
North Dakota............ 3 .21 184,179.47 .23
Ohio.................... 130 9.18 6,788,762.98 8.37
Oklahoma................ 9 .64 401,947.17 .50
Oregon.................. 8 .56 588,275.21 .73
Pennsylvania............ 59 9.16 4,067,789.11 5.02
Rhode Island............ 2 .14 50,025.00 .06
South Carolina.......... 43 3.03 2,262,258.77 2.79
South Dakota............ 3 .21 85,600.00 .11
Tennessee............... 30 2.12 1,774,638.38 2.19
Texas................... 12 .85 477,238.12 .59
Utah.................... 15 1.06 959,604.50 1.19
Virginia................ 61 4.30 4,084,600.42 5.04
Washington.............. 9 .64 615,793.90 .76
West Virginia........... 6 .42 424,013.15 .52
Wisconsin............... 25 1.76 1,389,029.91 1.72
Wyoming................. 2 .14 95,000.00 .12
----- ------ --------------- ------
Total............... 1,417 100.00% $ 80,964,741.04 100.00%
===== ====== =============== ======
</TABLE>
2
<PAGE>
YEARS OF ORIGINATION--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT FIXED-
RATE LOANS BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1996.................... 3 $ 240,309.09 .30%
1997.................... 584 33,586,146.19 41.48
1998.................... 830 47,138,285.76 58.22
----- --------------- ------
Total............... 1,417 $ 80,964,741.04 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL LOAN AMOUNTS--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT FIXED-
RATE LOANS BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL LOAN NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
AMOUNT (IN DOLLARS) AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
$ 10,000 to $ 19,999.... 221 $3,237,132.58 4.00%
$ 20,000 to $ 29,999.... 200 4,891,920.30 6.04
$ 30,000 to $ 39,999.... 180 6,243,057.51 7.71
$ 40,000 to $ 49,999.... 149 6,620,936.86 8.18
$ 50,000 to $ 59,999.... 141 7,665,561.53 9.47
$ 60,000 to $ 69,999.... 124 8,005,370.05 9.89
$ 70,000 to $ 79,999.... 90 6,724,474.16 8.31
$ 80,000 to $ 89,999.... 65 5,472,144.13 6.76
$ 90,000 to $ 99,999.... 52 4,891,029.27 6.04
$100,000 to $109,999.... 39 4,067,341.87 5.02
$110,000 to $119,999.... 37 4,235,319.00 5.23
$120,000 to $129,999.... 23 2,854,158.87 3.53
$130,000 to $139,999.... 21 2,799,705.97 3.46
$140,000 to $149,999.... 20 2,884,478.65 3.56
$150,000 to $159,999.... 15 2,319,291.28 2.86
$160,000 to $169,999.... 7 1,154,508.18 1.43
$170,000 to $179,999.... 7 1,225,065.51 1.51
$180,000 to $189,999.... 6 1,096,716.54 1.35
$190,000 to $199,999.... 5 978,521.87 1.21
$200,000 to $249,999.... 8 1,708,530.99 2.11
$250,000 to $299,999.... 7 1,889,475.92 2.33
----- --------------- ------
Total............... 1,417 $80,964,741.04 100.00%
===== =============== ======
</TABLE>
3
<PAGE>
LOAN RATES--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT FIXED-RATE
LOANS BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
RANGE OF LOANS BY LOAN RATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- --------------------------- ------------------ ------------------- -----------------------
<S> <C> <C> <C>
Less than 9.01%............ 11 $ 1,010,416.37 1.25%
9.01 to 10.00%............ 96 7,661,977.45 9.46
10.01 to 11.00%............ 261 22,198,091.00 27.43
11.01 to 12.00%............ 293 19,499,738.43 24.08
12.01 to 13.00%............ 338 15,742,245.57 19.44
13.01 to 14.00%............ 230 9,011,886.43 11.13
14.01 to 15.00%............ 103 3,956,001.34 4.89
15.01 to 16.00%............ 53 1,210,000.20 1.49
16.01 to 17.00%............ 22 492,817.25 .61
Over 17.00%................ 10 181,567.00 .22
----- --------------- ------
Total.................. 1,417 $ 80,964,741.04 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT FIXED-RATE
LOANS BY
MONTHS REMAINING TO AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
SCHEDULED MATURITY NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ------------------ ------------------- -----------------------
<S> <C> <C> <C>
Fewer than 181.......... 744 $ 37,045,202.72 45.75%
181 to 195.............. 4 96,200.00 .12
196 to 210.............. 1 36,500.00 .05
211 to 225.............. 1 124,200.00 .15
226 to 240.............. 411 22,949,230.55 28.34
241 to 255.............. 0 .00 .00
256 to 270.............. 0 .00 .00
271 to 285.............. 0 .00 .00
286 to 300.............. 139 9,922,575.78 12.26
301 to 315.............. 0 .00 .00
316 to 330.............. 0 .00 .00
331 to 345.............. 1 50,000.00 .06
346 to 360.............. 116 10,740,831.99 13.27
----- --------------- ------
Total............... 1,417 $ 80,964,741.04 100.00%
===== =============== ======
</TABLE>
LIEN POSITION--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
FIXED-RATE % OF SUBSEQUENT FIXED-RATE
LOANS BY LOANS BY
NUMBER OF AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
NUMBER OF LOANS LOANS AS OF BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------ ------------ ------------------- -----------------------
<S> <C> <C> <C> <C>
First................... 853 60.20% $ 64,687,579.15 79.89%
Second.................. 558 39.38 16,175,681.32 19.98
Third................... 6 .42 101,480.57 .13
----- ------ --------------- ------
Total............... 1,417 100.00% $ 80,964,741.04 100.00%
===== ====== =============== ======
</TABLE>
4
<PAGE>
LOAN-TO-VALUE RATIO--SUBSEQUENT FIXED-RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT FIXED-RATE
LOANS BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
LOAN-TO-VALUE RATIO AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ------------------ ------------------- -----------------------
<S> <C> <C> <C>
Less than 10.01%........ 1 $ 37,500.00 .05%
10.01 to 20.00%......... 2 51,000.00 .06
20.01 to 30.00%......... 5 165,579.30 .20
30.01 to 40.00%......... 3 124,710.05 .15
40.01 to 50.00%......... 11 585,635.25 .72
50.01 to 60.00%......... 14 699,094.87 .86
60.01 to 70.00%......... 57 2,736,267.70 3.38
70.01 to 80.00%......... 179 9,151,080.93 11.30
80.01 to 90.00%......... 556 33,565,124.85 41.46
Over 90.00%............. 589 33,848,748.09 41.82
----- --------------- ------
Total............... 1,417 $ 80,964,741.04 100.00%
===== =============== ======
</TABLE>
5
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--SUBSEQUENT ADJUSTABLE RATE
LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUNENT
% OF SUBSEQUENT ADJUSTABLE
ADJUSTABLE RATE LOANS
RATE LOANS AGGREGATE PRINCIPAL BY OUTSTANDING
BY NUMBER OF BALANCE PRINCIPAL
NUMBER OF LOANS LOANS AS OUTSTANDING AS OF BALANCE AS OF
AS OF CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
------------------ --------------- ------------------- --------------
<S> <C> <C> <C> <C>
Alabama................. 1 4.55% $ 84,926.57 5.75%
Arizona................. 1 4.55 23,987.82 1.63
Florida................. 3 13.64 163,615.40 11.09
Illinois................ 2 9.09 154,506.90 10.47
Indiana................. 1 4.55 57,576.61 3.90
Maryland................ 2 9.09 172,300.00 11.68
Michigan................ 2 9.09 108,670.42 7.36
Ohio.................... 4 18.17 253,187.42 17.15
Rhode Island............ 2 9.09 150,194.98 10.18
Texas................... 3 13.63 209,100.00 14.17
Washington.............. 1 4.55 97,713.01 6.62
--- ------ ------------- ------
Total............... 22 100.00% $1,475,779.13 100.00%
=== ====== ============= ======
</TABLE>
6
<PAGE>
YEARS OF ORIGINATION--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
ADJUSTABLE RATE
LOANS BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1996.................... 1 $ 50,920.70 4.55%
1997.................... 21 1,424,858.43 95.45
--- -------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL LOAN AMOUNTS--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
ADJUSTABLE RATE
LOANS BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL LOAN AMOUNT NUMBER OF LOANS BALANCE OUTSTANDING BALANCE AS OF
(IN DOLLARS) AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
$ 20,000 to $ 29,999.... 2 $ 51,987.82 3.52%
$ 30,000 to $ 39,999.... 1 35,818.93 2.43
$ 40,000 to $ 49,999.... 2 83,628.90 5.67
$ 50,000 to $ 59,999.... 3 166,247.03 11.27
$ 60,000 to $ 69,999.... 3 195,182.63 13.23
$ 70,000 to $ 79,999.... 4 298,453.50 20.22
$ 80,000 to $ 89,999.... 3 260,947.31 17.68
$ 90,000 to $ 99,999.... 4 383,513.01 25.98
--- -------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
7
<PAGE>
CURRENT LOAN RATES--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
AGGREGATE PRINCIPAL ADJUSTABLE RATE LOANS BY
RANGE OF LOANS BY NUMBER OF LOANS BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
LOAN RATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
----------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
Less than 9.01%......... 4 $ 282,658.52 19.15%
9.01 to 10.00% 7 459,799.27 31.16
10.01 to 11.00%......... 8 518,551.35 35.14
11.01 to 12.00%......... 2 163,849.29 11.10
12.01 to 13.00%......... 1 50,920.70 3.45
--- ---------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ================ ======
</TABLE>
REMAINING MONTHS TO MATURITY--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
MONTHS REMAINING TO AGGREGATE PRINCIPAL ADJUSTABLE RATE LOANS BY
SCHEDULED MATURITY NUMBER OF LOANS BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
AS OF CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
331 to 345.............. 1 $ 50,920.70 3.45%
346 to 360.............. 21 1,424,858.43 96.55
--- -------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
LIEN POSITION--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
ADJUSTABLE RATE
LOANS BY % OF SUBSEQUENT
NUMBER OF LOANS AGGREGATE PRINCIPAL ADJUSTABLE RATE LOANS BY
NUMBER OF LOANS AS OF CUT-OFF BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
AS OF CUT-OFF DATE DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
------------------ --------------- ------------------- --------------------------
<S> <C> <C> <C> <C>
First................... 22 100.00% $ 1,475,779.13 100.00%
--- ------ -------------- ------
Total............... 22 100.00% $ 1,475,779.13 100.00%
=== ====== ============== ======
</TABLE>
LOAN-TO-VALUE RATIO--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
AGGREGATE PRINCIPAL ADJUSTABLE RATE LOANS BY
NUMBER OF LOANS BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
LOAN-TO-VALUE RATIO AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
60.01 to 70.00%......... 1 $ 28,000.00 1.90%
70.01 to 80.00%......... 13 827,697.93 56.08
80.01 to 90.00%......... 7 544,586.22 36.90
Over 90.00%............. 1 75,494.98 5.12
--- -------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
8
<PAGE>
MONTH OF NEXT RATE ADJUSTMENT--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
AGGREGATE PRINCIPAL ADJUSTABLE RATE LOANS
NUMBER OF LOANS BALANCE OUTSTANDING BY OUTSTANDING PRINCIPAL
MONTH OF NEXT RATE ADJUSTMENT AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
- ----------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
April 1998.................. 2 $ 125,620.70 8.51%
May 1999.................... 1 67,849.29 4.60
July 1999................... 1 96,000.00 6.51
August 1999................. 2 154,506.90 10.47
September 1999.............. 1 39,691.20 2.69
October 1999................ 1 97,600.00 6.61
November 1999............... 7 419,628.73 28.43
December 1999............... 7 474,882.31 32.18
--- -------------- ------
Total................... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
9
<PAGE>
DISTRIBUTION OF GROSS MARGIN--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
AGGREGATE PRINCIPAL ADJUSTABLE RATE LOANS
NUMBER OF LOANS BALANCE OUTSTANDING BY OUTSTANDING PRINCIPAL
GROSS MARGIN AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
4.750 to 4.999%......... 1 $ 87,120.74 5.90%
5.000 to 5.249%......... 1 43,937.70 2.98
5.250 to 5.499%......... 0 .00 .00
5.500 to 5.749%......... 6 430,267.89 29.15
5.750 to 5.999%......... 1 39,691.20 2.69
6.000 to 6.249%......... 3 166,247.03 11.27
6.250 to 6.499%......... 5 343,747.18 23.29
6.500 to 6.749%......... 3 171,054.38 11.59
6.750 to 6.999%......... 1 96,000.00 6.51
7.000 to 7.249%......... 0 .00 .00
7.250 to 7.499%......... 0 .00 .00
7.500 to 7.749%......... 0 .00 .00
7.750 to 7.999%......... 1 97,713.01 6.62
--- -------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
10
<PAGE>
MAXIMUM LOAN RATES--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
ADJUSTABLE RATE LOANS
NUMBER OF LOANS AGGREGATE PRINCIPAL BY OUTSTANDING PRINCIPAL
AS OF CUT-OFF BALANCE OUTSTANDING BALANCE AS OF
MAXIMUM LOAN RATES DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------ --------------- ------------------- ------------------------
<S> <C> <C> <C>
14.750 to 14.999%....... 1 $ 73,558.52 4.98%
15.000 to 15.249%....... 0 .00 .00
15.250 to 15.499%....... 3 181,535.00 12.30
15.500 to 15.749%....... 3 194,900.00 13.21
15.750 to 15.999%....... 1 74,700.00 5.06
16.000 to 16.249%....... 2 139,820.70 9.47
16.250 to 16.499%....... 2 93,395.54 6.33
16.500 to 16.749%....... 3 227,807.71 15.44
16.750 to 16.999%....... 2 131,058.44 8.88
17.000 to 17.249%....... 0 .00 .00
17.250 to 17.499%....... 0 .00 .00
17.500 to 17.749%....... 2 165,562.30 11.22
17.750 to 17.999%....... 2 97,440.92 6.60
18.000 to 18.249%....... 0 .00 .00
18.250 to 18.499%....... 0 .00 .00
18.500 to 18.749%....... 1 96,000.00 6.51
--- -------------- ------
Total............... 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
11
<PAGE>
MINIMUM LOAN RATES--SUBSEQUENT ADJUSTABLE RATE LOANS
<TABLE>
<CAPTION>
% OF
SUBSEQUENT
ADJUSTABLE RATE
NUMBER OF LOANS
LOANS AGGREGATE PRINCIPAL BY OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
MINIMUM LOAN RATES OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------ ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 7.250%...... 1 $ 57,576.61 3.90%
7.250 to 7.499%...... 0 .00 .00
7.500 to 7.749%...... 0 .00 .00
7.750 to 7.999%...... 0 .00 .00
8.000 to 8.249%...... 0 .00 .00
8.250 to 8.499%...... 0 .00 .00
8.500 to 8.749%...... 2 120,200.00 8.14
8.750 to 8.999%...... 1 73,558.52 4.98
9.000 to 9.249%...... 1 88,900.00 6.02
9.250 to 9.499%...... 3 181,535.00 12.30
9.500 to 9.749%...... 2 159,626.57 10.82
9.750 to 9.999%...... 2 118,637.70 8.04
10.000 to 10.249%...... 0 .00 .00
10.250 to 10.499%...... 1 35,818.93 2.43
10.500 to 10.749%...... 3 240,594.15 16.31
10.750 to 10.999%...... 3 184,561.66 12.51
11.000 to 11.249%...... 0 .00 .00
11.250 to 11.499%...... 0 .00 .00
11.500 to 11.749%...... 2 163,849.29 11.10
11.750 to 11.999%...... 0 .00 .00
12.000 to 12.249%...... 1 50,920.70 3.45
--- -------------- ------
Total................ 22 $ 1,475,779.13 100.00%
=== ============== ======
</TABLE>
12
