GREEN TREE FINANCIAL CORP
8-K, 1999-03-31
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): March 15, 1999


             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 March 15, 1999, 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
                                    March 15, 1999.
<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: March 15, 1999


                                       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 March 15, 1999.

<PAGE>
 
Green Tree Financial Corp.
Net Interest Margin Trust 1995-A
February, 1999
Payment: March 15, 1999

               7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

                                               Cusip #             393534AC6
                                               Trust Account #     33-34309-0
                                               Distribution Date:  Mar. 15, 1999

<TABLE>
<CAPTION>
                                                                                    Per $1,000
Securitized Net Interest Margin Certificates                                         Original
- --------------------------------------------                                         --------
<S>                                                                   <C>            <C>
1.            Amount Available                                        2,013,378.54
                                                                    --------------
Interest

2.            Aggregate Interest                                        998,367.26     3.24145214
                                                                    --------------    -----------


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

4.            Remaining:
              (a)         accrued but unpaid Interest

5.            Monthly Interest                                          998,367.26
                                                                    --------------
Principal

6.            Current month's principal distribution                  1,015,011.28     3.29549117
                                                                    --------------    -----------

7.            Remaining outstanding principal balance               164,231,983.40    533.2207253
                                                                    --------------    -----------
              Pool Factor                                               0.53322073
                                                                    --------------
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                           437,587,633.64 **
                                                                    --------------

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)         25,135.72
                                                                    --------------
11.           Aggregate principal balance of loans
              refinanced by Green Tree Financial                      5,530,436.98
                                                                    --------------

12.           Weighted average CPR                                          15.87%
                                                                    --------------
13.           Weighted average CDR                                           6.74%
                                                                    --------------
14.           Annualized net loss percentage                                 2.63%
                                                                    --------------
15.           Delinquency             30-59 day                              1.36%
                                                                    --------------
                                      60-89 day                              0.47%
                                                                    --------------
                                      90+ day                                0.96%
                                                                    --------------
                                      Total 30+                              2.79%
                                                                    --------------

</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 2/15/99.
<PAGE>

Green Tree Financial
Net Interest Margin Trust 1995-A
February, 1999
Payment: March 15, 1999


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

GTFC 1994-5              138,331.62     36,335.87     174,667.49
GTFC 1994-6               62,799.86     37,188.31      99,988.17
GTFC 1994-7              141,304.72     25,951.34     167,256.06
GTFC 1994-8              270,504.02     38,799.01     309,303.03
GTFC 1995-1               11,624.70     49,961.68      61,586.38
GTFC 1995-2                    0.00          0.00           0.00
GTFC 1995-3              180,960.43    103,051.82     284,012.25
GTFC 1995-4                    0.00     61,034.07      61,034.07
GTFC 1995-5                    0.00          0.00           0.00
                      -------------------------------------------

                         805,525.35    352,322.10   1,157,847.45

Total amount of Guarantee Fees and

     Inside Refinance Payments                      1,157,847.45
                                                  --------------

Subordinated Servicing Fees                           679,531.35
                                                  --------------

Payment on Finance 1 Note                           1,837,378.80
                                                  --------------

Allocable to Interest (current)                       726,587.41
                                                  --------------

Allocable to accrued but unpaid Interest                    0.00
                                                  --------------

Accrued and unpaid Trustee Fees                             0.00
                                                  --------------

Allocable to Principal                              1,110,791.39
                                                  --------------

Finance 1 Note Principal Balance                  119,151,952.97
                                                  --------------

<PAGE>
 
Green Tree Financial
Net Interest Margin Trust 1995-A
February, 1999
Payment: March 15, 1999



                                            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        44,334.51     44,334.51
GTFC 1995-3                       0.00             0.00          0.00
GTFC 1995-4                       0.00             0.00          0.00
GTFC 1995-5                  42,680.72        88,984.51    131,665.23
                          --------------------------------------------

                             42,680.72       133,319.02    175,999.74

                          Total Residual and Inside

                              Refinance Payments           175,999.74


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