GREEN TREE FINANCIAL CORP
8-K/A, 1998-04-08
ASSET-BACKED SECURITIES
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                       --------------------------------

                                   FORM 8-K/A

                                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 18, 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 distribution of
                                original contract amounts for manufactured
                                housing installment sale contracts and
                                installment loan agreements transferred to the
                                trust formed in connection with the $750,000,000
                                (Approximate) Manufactured Housing Contract
                                Senior/Subordinate Pass-Through Certificates,
                                Series 1998-2, 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 distribution of original contract
            amounts for manufactured housing installment
            sale contracts and installment loan agreements transferred
            to the trust formed in connection with the $750,000,000 
            (Approximate) Manufactured Housing Contract 
            Senior/Subordinate Pass-Through Certificates, Series 
            1998-2, issued by Green Tree Financial Corporation,
            as Seller and Servicer.

                                       4

<PAGE>
 
 
                                                                   EXHIBIT 99.1
 
                          $750,000,000 (APPROXIMATE)
                         MANUFACTURED HOUSING CONTRACT
                 SENIOR/SUBORDINATE PASS-THROUGH CERTIFICATES
                                 SERIES 1998-2
 
  INFORMATION REGARDING CERTAIN INITIAL, ADDITIONAL AND SUBSEQUENT CONTRACTS
 
  Set forth below is information regarding the distribution of original contract
amounts for manufactured housing installment sales contracts and installment
loan agreements transferred to the Trust on March 18, 1998 and March 31, 1998.
The information below includes the Initial Contracts described in the Prospectus
Supplement dated March 11, 1998, as well as the Additional and Subsequent
Contracts transferred to the Trust. Unless otherwise defined herein, all
capitalized terms have the meanings set forth in the Prospectus Supplement.



<PAGE>
 
                   DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS
 
<TABLE>
<CAPTION>
                               NUMBER OF       AGGREGATE      % OF CONTRACT POOL BY
                               CONTRACTS   PRINCIPAL BALANCE  OUTSTANDING PRINCIPAL
  ORIGINAL CONTRACT              AS OF        OUTSTANDING         BALANCE AS OF
AMOUNT (IN DOLLARS)           CUT-OFF DATE AS OF CUT-OFF DATE     CUT-OFF DATE
- - ----------------------        ------------ ------------------ ---------------------
    <S>                       <C>          <C>                <C>
    Less than $10,000........       970     $  7,454,122.21             .99%
    $10,000 to $19,999.......     4,756       62,022,332.12            8.27
    $20,000 to $29,999.......     5,954      140,433,991.91           18.72
    $30,000 to $39,999.......     4,222      143,155,514.18           19.09
    $40,000 to $49,999.......     2,527      112,411,311.43           14.99
    $50,000 to $59,999.......     1,635       89,311,165.54           11.91
    $60,000 to $69,999.......       944       60,990,302.54            8.13
    $70,000 to $79,999.......       573       42,616,122.90            5.68
    $80,000 to $89,999.......       376       31,752,266.39            4.23
    $90,000 to $99,999.......       240       22,799,610.79            3.04
    $100,000 to $109,999.....       124       12,920,958.34            1.72
    $110,000 to $119,999.....        79        9,074,480.07            1.21
    $120,000 to $129,999.....        48        5,990,811.35             .80
    $130,000 to $139,999.....        30        4,031,992.87             .54
    $140,000 to $149,999.....        13        1,881,387.93             .25
    $150,000 to $159,999.....         9        1,391,621.86             .19
    $160,000 to $169,999.....         5          813,765.49             .11
    $170,000 to $179,999.....         1          175,784.84             .02
    $180,000 to $189,999.....         1          187,666.05             .03
    $190,000 to $199,999.....         3          574,775.65             .08
                                 ------     ---------------          ------
       Total.................    22,510     $749,989,984.46          100.00%
                                 ======     ===============          ======
</TABLE>

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