GREEN TREE FINANCIAL CORP
8-K, 1999-08-16
ASSET-BACKED SECURITIES
Previous: GREEN TREE FINANCIAL CORP, 10-Q, 1999-08-16
Next: HENLEY HEALTHCARE INC, 10QSB, 1999-08-16



<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 16, 1999


                        GREEN TREE FINANCIAL CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Delaware                  333-75623                 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: (651) 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        Computational materials distributed in
                           connection with $500,000,000 (approximate)
                           Certificates for Home Equity Loans, Series
                           1999-D, issued by Green Tree Financial
                           Corporation, as Seller and Servicer.

                                        3
<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.

                                       GREEN TREE FINANCIAL CORPORATION

                                       By: /s/ Joel H. Gottesman
                                           ------------------------------------
                                           Joel H. Gottesman
                                           Senior Vice President and Chief
                                           Internet Officer

                                        4
<PAGE>

                                INDEX TO EXHIBITS

Exhibit
Number                                                                   Page
- -------                                                                  ----

 99.1     Computational materials distributed in connection with
          $500,000,000 (approximate) Certificates for Home Equity
          Loans, Series 1999-D, issued by Green Tree Financial
          Corporation, as Seller and Servicer.

                                        5

<PAGE>

                                                                    EXHIBIT 99.1

                        Green Tree Financial Corporation
                Certificates for Home Equity Loans, Series 1999-D

                           $500,000,000 (Approximate)
                               Subject to Revision

                    August 12, 1999 - Computational Materials

The analysis in this report is based on information provided by the Seller.
Chase Securities Inc. ("CSI") makes no representations as to the accuracy or
completeness of the information contained herein. The information contained
herein is qualified in its entirety by the information in the Prospectus and
Prospectus Supplement for this transaction. The information contained herein is
preliminary as of the date hereof, supersedes any previous information delivered
to you by CSI and will be superseded by the applicable final Prospectus and
Prospectus Supplement and any other information subsequently filed with the
Securities and Exchange Commission. These materials are subject to change,
completion, or amendment from time to time without notice, and CSI is under no
obligation to keep you advised of such changes. These materials are not intended
as an offer or solicitation with respect to the purchase or sale of any
security. Any investment decision with respect to the securities should be made
by you based upon the information contained in the final Prospectus Supplement
and Prospectus relating to the securities. You should consult your own counsel,
accountant, and other advisors as to the legal, tax, business, financial and
related aspects of a purchase of these securities.

The attached information contains certain tables and other statistical analyses
(the "Computational Materials") which have been prepared in reliance upon
information furnished by the Seller. They may not be provided to any third party
other than the addressee's legal, tax, financial and/or accounting advisors for
the purposes of evaluating said material. Numerous assumptions were used in
preparing the Computational Materials which may or may not be reflected therein.
As such, no assurance can be given as to the Computational Materials' accuracy,
appropriateness or completeness in any particular context; nor as to whether the
Computational Materials and/or the assumptions upon which they are based reflect
present market conditions or future market performance. These Computational
Materials should not be construed as either projections or predictions or as
legal, tax, financial or accounting advice. Any weighted average lives, yields
and principal payment periods shown in the Computational Materials are based on
prepayment assumptions, and changes in such prepayment assumptions may
dramatically affect such weighted average lives, yields and principal payment
periods. In addition, it is possible that prepayments on the underlying assets
will occur at rates slower or faster than the rates shown in the attached
Computational Materials. Furthermore, unless otherwise provided, the
Computational Materials assume no losses on the underlying assets and no
interest shortfalls. The specific characteristics of the securities may differ
from those shown in the Computational Materials due to differences between the
actual underlying assets and the hypothetical underlying assets used in
preparing the Computational Materials. The principal amount and designation of
any security described in the Computational Materials are subject to change
prior to issuance. Neither CSI nor any of its affiliates makes any
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities.

THIS INFORMATION IS FURNISHED TO YOU SOLELY BY CSI AND NOT BY THE ISSUER OF THE
SECURITIES OR ANY OF ITS AFFILIATES. CSI IS ACTING AS UNDERWRITER AND NOT ACTING
AS AGENT FOR THE ISSUER IN CONNECTION WITH THE PROPOSED TRANSACTION.


[LOGO OF CHASE SECURITIES]

                                       1
<PAGE>

                                   FICO Scores
                                   -----------


          FICO Distribution         Count        Amount         Percent
          -----------------         -----        ------         -------

          Unscored                   823     41,668,989.29       16.67%
          Less than 551              496     32,382,766.78       12.95%
                551 to 575           370     23,941,650.17        9.58%
                576 to 600           522     32,935,253.54       13.17%
                601 to 625           604     36,649,990.15       14.66%
                626 to 650           522     32,308,492.43       12.92%
                651 to 675           371     23,267,673.74        9.31%
                676 to 700           235     15,191,640.73        6.08%
                701 to 725            90      5,636,140.94        2.25%
                726 to 750            50      2,682,244.77        1.07%
          Greater than 750            54      3,334,995.05        1.33%
                                   -----    --------------      ------

          Total                    4,137    249,999,837.59      100.00%






Weighted Average FICO Score:  612







THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR CHASE SECURITIES INC. SALES REPRESENTATIVE
IMMEDIATELY.


[LOGO OF CHASE SECURITIES]

                                                                            2


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission