GREEN TREE FINANCIAL CORP
8-K, 1998-06-22
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): JUNE 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 June 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
                                          June 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:June 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 June 15, 1998.

<PAGE>
 
Green Tree Financial Corp.
Net Interest Margin Trust 1995-A
May, 1998
Payment: June 15, 1998

         7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

<TABLE>
<CAPTION>

                                                         Cusip #                393534AC6
                                                         Trust Account #        33-34309-0
                                                         Distribution Date:     June 15, 1998

                                                                                                      Per $1,000
Securitized Net Interest Margin Certificates                                                          Original

<S>                                                                             <C>                   <C>
1.       Amount Available                                                       2,365,824.95

Interest

2.       Aggregate Interest                                                     1,056,704.88          3.43086000


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

4.       Remaining:
         (a)  accrued but unpaid Interest

5.       Monthly Interest                                                       1,056,704.88

Principal

6.       Current month's principal distribution                                 1,309,120.07          4.25038984

7.       Remaining outstanding principal balance                              173,593,757.06         563.6160944
         Pool Factor                                                              0.56361609

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                                          520,094,407.14**

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)                        32,601.55

11.      Aggregate principal balance of loans
         refinanced by Green Tree Financial                                     7,932,334.29

12.      Weighted average CPR                                                          16.14%

13.      Weighted average CDR                                                           3.78%

14.      Annualized net loss percentage                                                 1.98%

15.      Delinquency                           30-59 day                                1.28%
                                               60-89 day                                0.41%
                                               90+ day                                  0.82%
                                               Total 30+                                2.51%

</TABLE>

First Trust N. A. Paying Agent/Bondholder Relations (612) 973-5800

**Represents present value of assets for NIM 94-A, 94-B, & 95-A, after
  cross-collateralization, as of 5/15/98.

                                     Page 1
<PAGE>
 
Green Tree Financial
Net Interest Margin Trust 1995-A
May, 1998
Payment: June 15, 1998




                               Fee Assets
             ---------------------------------------------------
                Guarantee         Inside          Fee Asset
                  Fees             Refi             Total
             ---------------------------------------------------

GTFC 1994-5    244,941.55       54,695.01        299,636.56
GTFC 1994-6      6,458.06       59,983.60         66,441.66
GTFC 1994-7          0.00       40,637.60         40,637.60
GTFC 1994-8          0.00       60,654.30         60,654.30
GTFC 1995-1    109,198.80       66,891.27        176,090.07
GTFC 1995-2          0.00            0.00              0.00
GTFC 1995-3    173,347.47      118,060.76        291,408.23
GTFC 1995-4    186,356.61       92,153.92        278,510.53
GTFC 1995-5          0.00            0.00              0.00
             ---------------------------------------------------

               720,302.49      493,076.46      1,213,378.95

Total amount of Guarantee Fees and

     Inside Refinance Payments                 1,213,378.95

Subordinated Servicing Fees                      793,722.86

Payment on Finance 1 Note                      2,007,101.81

Allocable to Interest (current)                  778,701.55

Allocable to accrued but unpaid Interest               0.00

Accrued and unpaid Trustee Fees                        0.00

Allocable to Principal                         1,228,400.26

Finance 1 Note Principal Balance             127,660,132.58

                                     Page2
<PAGE>
 
Green Tree Financial
Net Interest Margin Trust 1995-A
May, 1998
Payment: June 15, 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        86,216.94            86,216.94
GTFC 1995-3                     0.00             0.00                 0.00
GTFC 1995-4                     0.00             0.00                 0.00
GTFC 1995-5               157,715.41       114,790.79           272,506.20
              ----------------------------------------------------------------

                          157,715.41       201,007.73           358,723.14

              Total Residual and Inside

                  Refinance Payments                            358,723.14

                                     Page3


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