<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): December 30, 1998
GREEN TREE FINANCIAL CORPORATION
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Delaware 01-08916 41-1807858
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(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
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(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant.
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Not applicable.
Item 2. Acquisition or Disposition of Assets.
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Not applicable.
Item 3. Bankruptcy or Receivership.
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Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
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Not applicable.
Item 5. Other Events.
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Not applicable.
Item 6. Resignations of Registrant's Directors.
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Not applicable.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
2
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(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 certain home
improvement and home equity loan contracts
transferred to the trust formed in connection
with the Home Improvement and Home Equity Loan
Trust, Series 1998-F Loan-Backed Notes, 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
- --------------
99.1 Information with respect to certain home improvement and home equity
loan contracts transferred to the trust formed in connection with
the Home Improvement and Home Equity Loan Trust, Series 1998-F Loan-
Backed Notes, issued by Green Tree Financial Corporation, as Seller
and Servicer.
4
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EXHIBIT 99.1
HOME IMPROVEMENT AND HOME EQUITY LOAN TRUST
SERIES 1998-F LOAN-BACKED NOTES
INFORMATION REGARDING INITIAL AND SUBSEQUENT CONTRACTS
Set forth below is information regarding the certain Group 2 home improvement
and home equity loan contracts transferred to the Trust on December 30, 1998.
The information below includes the Initial Contracts described in the Prospectus
Supplement dated December 16, 1998, as well as the Subsequent Contracts
transferred to the Trust on or prior to the Closing Date. There will be no
Contracts transferred to the Trust after the Closing Date. Unless otherwise
defined herein, all capitalized terms have the meanings set forth in the
Prospectus Supplement.
<PAGE>
Set forth below is a description of certain characteristics of the Group
2 Contracts. The Group 2 Contracts consist of Home Improvement Contracts and
Home Equity Contracts.
CONTRACT RATES--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP 2
NUMBER OF CONTRACTS BY
RANGE OF CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
CONTRACTS AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
BY CONTRACT RATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ---------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than 9.001%.......... 10 $ 329,718.99 .25%
From 9.001%--10.000%..... 143 5,552,725.45 4.27
From 10.001%--11.000%..... 320 11,365,472.12 8.74
From 11.001%--12.000%..... 439 15,066,327.64 11.59
From 12.001%--13.000%..... 477 14,420,533.27 11.09
From 13.001%--14.000%..... 827 24,150,071.14 18.58
From 14.001%--15.000%..... 915 24,876,802.67 19.14
From 15.001%--16.000%..... 890 19,943,692.35 15.34
From 16.001%--17.000%..... 518 9,969,261.54 7.67
Over 17.000%.............. 264 4,307,228.11 3.31
----- ---------------- ------
Total................. 4,803 $ 129,981,833.28 100.00%
===== ================ ======
</TABLE>
DISTRIBUTION OF CURRENT BALANCE--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP 2
CONTRACTS BY
OUTSTANDING
PRINCIPAL BALANCE AS
NUMBER OF AGGREGATE PRINCIPAL OF
CURRENT BALANCE (IN DOLLARS) CONTRACTS BALANCE OUTSTANDING CUT-OFF DATE
- ---------------------------- --------- ------------------- --------------------
<S> <C> <C> <C>
Less than $10,000.00........... 217 $ 1,968,581.78 1.51%
Between $10,000.00--
$19,999.99.................... 1,414 21,702,430.81 16.70
Between $20,000.00--
$29,999.99.................... 1,365 34,077,186.43 26.22
Between $30,000.00--
$39,999.99.................... 1,029 35,932,040.36 27.64
Between $40,000.00--
$49,999.99.................... 602 26,360,655.46 20.28
Between $50,000.00--
$59,999.99.................... 143 7,424,428.13 5.71
Greater than $59,999.99........ 33 2,516,510.31 1.94
----- --------------- ------
Total...................... 4,803 $129,981,833.28 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF
NUMBER OF GROUP 2 CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL CONTRACT AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AMOUNT (IN DOLLARS) OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less Than $10,000.00..... 65 $ 480,474.01 .37%
Between$10,000.00--
$19,999.99.............. 1,457 21,039,550.83 16.19
Between$20,000.00--
$29,999.99.............. 1,399 33,996,834.74 26.16
Between$30,000.00--
$39,999.99.............. 1,028 35,175,288.50 27.06
Between$40,000.00--
$49,999.99.............. 655 28,244,520.23 21.73
Between$50,000.00--
$59,999.99.............. 166 8,528,654.66 6.56
Greater than $59,999.99.. 33 2,516,510.31 1.94
----- --------------- ------
Total.................... 4,803 $129,981,833.28 100.00%
===== =============== ======
</TABLE>
2
<PAGE>
REMAINING MONTHS TO MATURITY--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP 2
NUMBER OF CONTRACTS BY
MONTHS REMAINING TO CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
SCHEDULED MATURITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
1-- 60.................. 61 $ 821,365.71 .63%
61--120.................. 618 12,472,260.03 9.60
121--180.................. 1,183 30,878,726.64 23.76
181--240.................. 1,607 40,095,990.28 30.85
241--300.................. 1,334 45,713,490.62 35.17
----- --------------- ------
Total................. 4,803 $129,981,833.28 100.00%
===== =============== ======
</TABLE>
MONTHS SINCE ORIGINATION--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF
NUMBER OF GROUP 2 CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
MONTHS SINCE ORIGINATION OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------------ ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than 4............... 2,340 $ 63,318,814.63 48.71%
From 4--6................. 1,337 36,030,520.79 27.72
From 7--12................ 1,068 28,820,033.53 22.17
Greater than 12........... 58 1,812,464.33 1.39
----- --------------- ------
Total................. 4,803 $129,981,833.28 100.00%
===== =============== ======
</TABLE>
3
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF
% OF GROUP 2
GROUP 2 CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
CONTRACTS AS OF CONTRACTS AS OUTSTANDING AS OF BALANCE AS OF
CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
--------------- --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 167 3.48% $ 4,233,590.82 3.26%
Arizona................. 149 3.10 4,562,568.39 3.51
Arkansas................ 28 .58 701,311.24 .54
California.............. 286 5.95 9,998,540.89 7.69
Colorado................ 84 1.75 2,422,817.38 1.86
Connecticut............. 86 1.79 2,340,123.78 1.80
Delaware................ 34 .71 883,223.80 .68
District of Columbia.... 1 .02 19,368.97 .01
Florida................. 345 7.18 9,426,438.24 7.25
Georgia................. 120 2.50 3,331,568.04 2.56
Idaho................... 23 .48 618,611.73 .48
Illinois................ 244 5.08 5,978,329.89 4.60
Indiana................. 135 2.81 3,510,554.85 2.70
Iowa.................... 67 1.39 1,288,085.32 .99
Kansas.................. 86 1.79 1,765,411.37 1.36
Kentucky................ 48 1.00 1,116,502.51 .86
Louisiana............... 44 .92 1,061,366.16 .82
Maine................... 38 .79 1,167,243.50 .90
Maryland................ 61 1.27 1,602,416.77 1.23
Massachusetts........... 54 1.12 1,619,471.87 1.25
Michigan................ 220 4.58 5,293,131.09 4.07
Minnesota............... 171 3.56 4,057,828.81 3.12
Mississippi............. 25 .52 569,545.61 .44
Missouri................ 177 3.69 3,823,847.32 2.94
Montana................. 15 .31 364,779.08 .28
Nebraska................ 39 .81 835,824.24 .64
Nevada.................. 56 1.17 1,720,486.38 1.32
New Hampshire........... 23 .48 720,142.51 .55
New Jersey.............. 148 3.08 4,833,409.19 3.72
New Mexico.............. 32 .67 905,032.18 .70
New York................ 363 7.56 10,347,043.53 7.96
North Carolina.......... 116 2.42 2,671,085.47 2.05
North Dakota............ 19 .40 471,674.97 .36
Ohio.................... 214 4.46 5,152,447.21 3.96
Oklahoma................ 54 1.12 1,475,833.15 1.14
Oregon.................. 44 .92 1,408,019.34 1.08
Pennsylvania............ 299 6.23 8,217,546.12 6.32
Rhode Island............ 24 .50 601,767.59 .46
South Carolina.......... 77 1.60 1,934,946.18 1.49
South Dakota............ 27 .56 658,948.27 .51
Tennessee............... 55 1.15 1,510,024.45 1.16
Texas................... 14 .29 356,616.01 .27
Utah.................... 15 .31 317,777.91 .24
Vermont................. 3 .06 85,389.96 .07
Virginia................ 212 4.41 6,164,416.03 4.74
Washington.............. 154 3.21 5,006,318.41 3.85
West Virginia........... 15 .31 452,552.34 .35
Wisconsin............... 73 1.52 1,860,369.32 1.43
Wyoming................. 19 .40 517,485.09 .40
----- ------ --------------- ------
Total................... 4,803 100.00% $129,981,833.28 100.00%
===== ====== =============== ======
</TABLE>
4
<PAGE>
CREDIT SCORES--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF
GROUP 2
NUMBER OF CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
RANGE OF SCORES OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- --------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less Than 551............. 140 $ 2,971,510.67 2.29%
From 551-600.............. 484 11,691,912.19 9.00
From 601-650.............. 2,187 57,498,740.66 44.24
From 651-700.............. 1,467 41,986,811.23 32.30
From 701-750.............. 451 13,681,822.95 10.53
Greater Than 750.......... 74 2,151,035.58 1.65
----- --------------- ------
Total................. 4,803 $129,981,833.28 100.00%
===== =============== ======
</TABLE>
DEBT TO INCOME RATIO--GROUP 2 CONTRACTS
<TABLE>
<CAPTION>
% OF
GROUP 2
NUMBER OF CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
RANGE OF DEBT TO INCOME AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
RATIOS OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ----------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less Than 10.01%......... 173 $ 3,234,218.25 2.49%
From 10.01%-15.00%....... 58 1,155,344.69 .89
From 15.01%-20.00%....... 100 2,177,117.71 1.67
From 20.01%-25.00%....... 301 7,640,022.92 5.88
From 25.01%-30.00%....... 439 11,447,333.00 8.81
From 30.01%-35.00%....... 698 19,410,133.89 14.93
From 35.01%-40.00%....... 927 25,940,042.50 19.96
From 40.01%-45.00%....... 1,141 31,807,172.15 24.47
From 45.01%-50.00%....... 650 18,508,776.21 14.24
Greater Than 50.00%...... 316 8,661,671.96 6.66
----- --------------- ------
Total................ 4,803 $129,981,833.28 100.00%
===== =============== ======
</TABLE>
5
