GREEN TREE FINANCIAL CORP
8-K, 1999-07-19
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): July 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 July 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
                                 July 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:July 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 July 15, 1999.

<PAGE>

                                                                    EXHIBIT 99.1

Green Tree Financial Corp.
Net Interest Margin Trust 1995-A
June, 1999
Payment: July 15, 1999

               7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES

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

<TABLE>
<CAPTION>
                                                                                    Per $1,000
Securitized Net Interest Margin Certificates                                          Original
- --------------------------------------------                                        ----------
<S>                                                                 <C>             <C>
1.            Amount Available                                      1,414,069.11

Interest

2.            Aggregate Interest                                      979,247.81     3.17937601


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

4.            Remaining:
              (a)         accrued but unpaid Interest

5.            Monthly Interest                                        979,247.81

Principal

6.            Current month's principal distribution                  434,821.30     1.41175747

7.            Remaining outstanding principal balance             161,647,575.11    524.8297893
              Pool Factor                                             0.52482979

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                         425,855,677.00 **

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)       26,701.16

11.           Aggregate principal balance of loans
              refinanced by Green Tree Financial                    5,804,265.17

12.           Weighted average CPR                                        16.01%

13.           Weighted average CDR                                         4.80%

14.           Annualized net loss percentage                               2.22%

15.           Delinquency             30-59 day                            1.40%
                                      60-89 day                            0.56%
                                      90+ day                              0.81%
                                      Total 30+                            2.77%
</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 6/15/99.
<PAGE>

Green Tree Financial
Net Interest Margin Trust 1995-A
June, 1999
Payment: July 15, 1999

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

GTFC 1994-5                      143,592.79        51,366.38        194,959.17
GTFC 1994-6                       56,713.42        33,794.70         90,508.12
GTFC 1994-7                            0.00        28,846.62         28,846.62
GTFC 1994-8                            0.00        51,948.24         51,948.24
GTFC 1995-1                            0.00        39,946.18         39,946.18
GTFC 1995-2                       72,967.00             0.00         72,967.00
GTFC 1995-3                            0.00       110,486.45        110,486.45
GTFC 1995-4                            0.00        53,622.11         53,622.11
GTFC 1995-5                            0.00             0.00              0.00
                          -----------------------------------------------------

                                 273,273.21       370,010.68        643,283.89

Total amount of Guarantee Fees and

     Inside Refinance Payments                                      643,283.89

Subordinated Servicing Fees                                         466,860.85

Payment on Finance 1 Note                                         1,110,144.74

Allocable to Interest (current)                                     708,054.13

Allocable to accrued but unpaid Interest                                  0.00

Accrued and unpaid Trustee Fees                                           0.00

Allocable to Principal                                              402,090.61

Finance 1 Note Principal Balance                                116,793,075.87
<PAGE>

Green Tree Financial
Net Interest Margin Trust 1995-A
June, 1999
Payment: July 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                       176,881.76         46,187.93   223,069.69
GTFC 1995-3                             0.00              0.00         0.00
GTFC 1995-4                             0.00              0.00         0.00
GTFC 1995-5                             0.00         80,854.68    80,854.68
                          --------------------------------------------------

                                  176,881.76        127,042.61   303,924.37

                          Total Residual and Inside

                              Refinance Payments                 303,924.37


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