GREEN TREE FINANCIAL CORP
8-K, 1998-08-21
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): AUGUST 17, 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 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
                    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
                                      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


                                     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 August 17, 1998.

<PAGE>
 
                                                                    Exhibit 99.1

GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1995-A
JULY, 1998
PAYMENT: AUGUST 17, 1998

               7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

                                     CUSIP #                393534AC6
                                                        -------------
                                     TRUST ACCOUNT #       33-34309-0
                                                        -------------
                                     DISTRIBUTION DATE: Aug. 17, 1998
                                                        -------------
<TABLE>
<CAPTION>

                                                                                PER $1,000
SECURITIZED NET INTEREST MARGIN CERTIFICATES                                     ORIGINAL
- -------------------------------------------------------------------------------------------
<S>                                                             <C>              <C>       
1.        Amount Available                                      1,812,512.14
                                                             ---------------

Interest

2.        Aggregate Interest                                    1,045,207.46     3.39353071
                                                             ------------------------------


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

4.        Remaining:
          (a) accrued but unpaid Interest

5.        Monthly Interest                                      1,045,207.46
                                                             ---------------

Principal

6.        Current month's principal distribution                  767,304.68     2.49124896
                                                             ------------------------------

7.        Remaining outstanding principal balance             172,232,550.28    559.1965918
                                                             ------------------------------
          Pool Factor                                             0.55919659
                                                             ---------------

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                         505,133,214.97**
                                                             ---------------

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)       32,814.82
                                                             ---------------

11.       Aggregate principal balance of loans
          refinanced by Green Tree Financial                    8,674,520.48
                                                             ---------------

12.       Weighted average CPR                                         17.37%
                                                             ---------------

13.       Weighted average CDR                                          4.41%
                                                             ---------------

14.       Annualized net loss percentage                                2.27%
                                                             ---------------

15.       Delinquency                                                   1.35%
                                                             ---------------
                                                                        0.57%
                                                             ---------------
                                                                        0.86%
                                                             ---------------
                                                                        2.78%
                                                             ---------------
</TABLE>

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

**   Represents present value of assets for NIM 94-A, 94-B, & 95
     cross-collateralization, as of 7/15/98.
<PAGE>
 
GREEN TREE FINANCIAL
NET INTEREST MARGIN TRUST 1995-A
JULY, 1998
PAYMENT: AUGUST 17, 1998




                                      FEE ASSETS
                     -----------------------------------------
                       GUARANTEE        INSIDE      FEE ASSET
                         FEES            REFI         TOTAL
                     -----------------------------------------

GTFC 1994-5                 0.00     81,098.78       81,098.78
GTFC 1994-6           117,918.58     45,565.14      163,483.72
GTFC 1994-7            42,335.35     29,965.63       72,300.98
GTFC 1994-8                 0.00     68,369.59       68,369.59
GTFC 1995-1           116,277.06     62,538.21      178,815.27
GTFC 1995-2                 0.00          0.00            0.00
GTFC 1995-3                 0.00    186,867.63      186,867.63
GTFC 1995-4            59,085.85    125,512.50      184,598.35
GTFC 1995-5                 0.00          0.00            0.00
                     -----------------------------------------

                      335,616.84    599,917.48      935,534.32

TOTAL AMOUNT OF GUARANTEE FEES AND
     INSIDE REFINANCE PAYMENTS                      935,534.32
                                                --------------

SUBORDINATED SERVICING FEES                         548,519.50
                                                --------------

PAYMENT ON FINANCE 1 NOTE                         1,484,053.82
                                                --------------

ALLOCABLE TO INTEREST (CURRENT)                     767,712.32
                                                --------------

ALLOCABLE TO ACCRUED BUT UNPAID INTEREST                  0.00
                                                --------------

ACCRUED AND UNPAID TRUSTEE FEES                           0.00
                                                --------------

ALLOCABLE TO PRINCIPAL                              716,341.50
                                                --------------

FINANCE 1 NOTE PRINCIPAL BALANCE                126,353,284.47
                                                --------------
<PAGE>
 
GREEN TREE FINANCIAL
NET INTEREST MARGIN TRUST 1995-A
JULY, 1998
PAYMENT: AUGUST 17, 1998





                                       INSIDE
                     RESIDUAL           REFI             TOTAL
                   ---------------------------------------------

GTFC 1994-5              0.00               0.00            0.00
GTFC 1994-6              0.00               0.00            0.00
GTFC 1994-7              0.00               0.00            0.00
GTFC 1994-8              0.00               0.00            0.00
GTFC 1995-1              0.00               0.00            0.00
GTFC 1995-2              0.00          66,202.96       66,202.96
GTFC 1995-3              0.00               0.00            0.00
GTFC 1995-4              0.00               0.00            0.00
GTFC 1995-5        140,551.58         121,703.78      262,255.36
                   ---------------------------------------------

                   140,551.58         187,906.74      328,458.32

                   TOTAL RESIDUAL AND INSIDE
                       REFINANCE PAYMENTS             328,458.32


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