<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): June 25, 1999
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
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99.1 Information with respect to retail installment
sales contracts and promissory notes for the
purchase of a variety of consumer products and
equipment transferred to the trust formed in
connection with the Recreational, Equipment and
Consumer Trust 1999-A Asset-Backed Notes and
Certificates, issued by Green Tree Financial
Corporation.
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
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INDEX TO EXHIBITS
Exhibit Number
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99.1 Information with respect to retail installment sales contracts and
promissory notes for the purchase of a variety of consumer products
and equipment transferred to the trust formed in connection with the
Recreational, Equipment and Consumer Trust 1999-A Asset-Backed Notes
and Certificates, issued by Green Tree Financial Corporation.
4
<PAGE>
EXHIBIT 99.1
RECREATIONAL, EQUIPMENT
AND CONSUMER TRUST
SERIES 1999-A
INFORMATION REGARDING INITIAL AND ADDITIONAL CONTRACTS
Set forth below is information regarding retail installment sales contracts
and promissory notes for the purchase of a variety of consumer products and
equipment transferred to the Trust on the Closing Date. The information below
includes the Initial Contracts described in the Prospectus Supplement dated
June 16, 1999, as well as the Additional Contracts transferred to the Trust
on the Closing Date. There will be no Subsequent 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 dated
June 16, 1999.
<PAGE>
Characteristics of Contracts
<TABLE>
<CAPTION>
% of Weighted Weighted Weighted
Cutoff Average Average Weighted Average
% of Scheduled Date Pool Average Remaining Original Average Loan-to-
Number of Contract Principal Principal Principal Term Scheduled Contract Value
Asset Type Contracts Pool Balance Balance Balance (1)(2) Term (2) Rate Ratio
---------- --------- -------- --------------- --------- ---------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Recreational Vehicles.. 9,637 19.07% $216,958,596.79 36.16% $22,513.08 161 164 9.90% 86%
Motorcycles............ 15,398 30.46 145,989,100.16 24.33 9,481.04 69 72 13.21 85
Keyboard Instruments... 1,708 3.38 19,981,587.11 3.33 11,698.82 101 104 10.90 84
Marine Products........ 6,885 13.62 110,197,400.86 18.37 16,005.43 142 145 10.81 86
Horsetrailers.......... 5,510 10.90 54,958,136.14 9.16 9,974.25 120 123 10.87 86
Sport Vehicles......... 11,410 22.57 51,910,854.55 8.65 4,549.59 49 53 15.09 87
------ ----- --------------- ----- ---------- --- --- ----- ---
Total................. 50,548 100% $599,995,675.61 100% $11,869.82 120 123 11.44% 86%
====== ===== =============== ===== ========== === === ===== ===
</TABLE>
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(1) Based on scheduled payments due after the cutoff date and assuming no
prepayments on the contracts.
(2) Expressed in number of months.
<PAGE>
Geographic Concentration of Contracts
<TABLE>
<CAPTION>
Aggregate % of Contracts
Number of % of Number Principal Balance by Outstanding
Contracts as of of Outstanding Principal Balance
State Cutoff Date Contracts as of Cutoff Date as of Cutoff Date
------ --------------- ----------- ----------------- -----------------
<S> <C> <C> <C> <C>
Alabama................. 1,392 2.75% $ 15,307,162.98 2.55%
Alaska.................. 77 .15 2,359,675.27 .39
Arizona................. 2,587 5.12 35,077,600.10 5.85
Arkansas................ 404 .80 6,370,491.16 1.06
California.............. 7,264 14.37 93,202,115.42 15.53
Colorado................ 779 1.54 12,225,434.87 2.04
Connecticut............. 619 1.22 5,257,348.98 .88
Delaware................ 106 .21 874,861.18 .15
District of Columbia.... 26 .05 379,543.32 .06
Florida................. 5,065 10.02 59,162,507.09 9.86
Georgia................. 2,311 4.57 25,569,748.24 4.26
Hawaii.................. 85 .17 742,498.68 .12
Idaho................... 74 .15 1,487,951.68 .25
Illinois................ 787 1.56 8,074,457.71 1.35
Indiana................. 617 1.22 6,004,817.65 1.00
Iowa.................... 185 .37 1,926,768.31 .32
Kansas.................. 232 .46 3,395,447.79 .57
Kentucky................ 720 1.42 5,544,495.53 .92
Louisiana............... 635 1.26 8,769,545.54 1.46
Maine................... 83 .16 811,483.90 .14
Maryland................ 712 1.41 7,394,330.55 1.23
Massachusetts........... 872 1.73 7,631,814.89 1.27
Michigan................ 650 1.29 9,889,019.66 1.65
Minnesota............... 593 1.17 7,357,079.66 1.23
Mississippi............. 442 .87 5,081,796.83 .85
Missouri................ 1,048 2.07 11,491,713.75 1.92
Montana................. 75 .15 1,175,829.19 .20
Nebraska................ 85 .17 1,194,069.05 .20
Nevada.................. 738 1.46 11,571,793,75 1.93
New Hampshire........... 131 .26 1,741,438.16 .29
New Jersey.............. 1,428 2.83 10,627,441.49 1.77
New Mexico.............. 475 .94 5,675,445.91 .95
New York................ 1,323 2.62 16,377,648.45 2.73
North Carolina.......... 3,180 6.29 30,643,608.38 5.11
North Dakota............ 46 .09 548,773.86 .09
Ohio.................... 710 1.40 9,872,792.73 1.65
Oklahoma................ 607 1.20 6,955,414.49 1.16
Oregon.................. 949 1.88 13,232,918.35 2.21
Pennsylvania............ 871 1.72 8,232,431.57 1.37
Rhode Island............ 215 .43 1,774,635.91 .30
South Carolina.......... 1,134 2.24 13,251,711.63 2.21
South Dakota............ 57 .11 930,890.51 .16
Tennessee............... 908 1.80 11,622,002.07 1.94
Texas................... 5,987 11.84 71,938,291.22 11.99
Utah.................... 109 .22 1,899,563.06 .32
Vermont................. 35 .07 291,724.72 .05
Virginia................ 1,300 2.57 12,238,620,35 2.04
Washington.............. 1,391 2.75 20,613,034.55 3.44
West Virginia........... 110 .22 1,008,098.93 .17
Wisconsin............... 265 .52 4,577,957.57 .76
Wyoming................. 46 .09 550,721.64 .09
Non-U.S. based service
personnel.............. 8 .02 59,107.33 .01
------ ------ --------------- ------
Total................. 50,548 100.00% $599,995,675.61 100.00%
====== ====== =============== ======
</TABLE>
The state concentrations described in this table are based on the billing
address of the obligor listed in Green Tree's records.
<PAGE>
Original Contract Amounts of Contracts
<TABLE>
<CAPTION>
Aggregate
Principal
Balance % of Contracts
Number of Outstanding by Outstanding
Contracts as of Cutoff Principal Balance
Original Contract Amount as of Cutoff Date Date as of Cutoff Date
------------------------ ----------------- --------------- -----------------
<S> <C> <C> <C>
Less than $10,000......... 29,397 $155,090,559.31 25.85%
Between $10,000 and
$19,999.................. 14,758 205,169,212.51 34.20
Between $20,000 and
$29,999.................. 3,412 79,623,432.85 13.27
Between $30,000 and
$39,999.................. 1,173 39,583,837.02 6.60
Between $40,000 and
$49,999.................. 590 25,872,780.87 4.31
Between $50,000 and
$59,999.................. 398 21,406,683.29 3.57
Between $60,000 and
$69,999.................. 245 15,557,693.45 2.59
Between $70,000 and
$79,999.................. 177 13,141,004.53 2.19
Between $80,000 and
$89,999.................. 149 12,488,940.86 2.08
Between $90,000 and
$99,999.................. 72 6,762,944.51 1.13
Between $100,000 and
$109,999................. 36 3,724,308.57 .62
Between $110,000 and
$119,000................. 30 3,364,994.59 .56
Between $120,000 and
$129,999................. 26 3,195,634.92 .53
Between $130,000 and
$139,999................. 15 1,972,601.70 .33
Between $140,000 and
$149,999................. 19 2,711,682.12 .45
Between $150,000 and
$159,999................. 11 1,676,675.59 .28
Between $160,000 and
$169,999................. 4 644,947.42 .11
Between $170,000 and
$179,999................. 7 1,114,936.12 .19
Between $180,000 and
$189,999................. 5 922,641.08 .15
Between $190,000 and
$199,999................. 3 565,578.73 .09
Between $200,000 and
$249,999................. 13 2,826,887.56 .47
Between $250,000 and
$299,999................. 4 1,090,751.23 .18
Between $300,000 and
$349,999................. 3 982,273.71 .16
Between $350,000 and
$399,999................. 0 .00 .00
Between $400,000 and
$449,999................. 0 .00 .00
Between $450,000 and
$499,999................. 0 .00 .00
Between $500,000 and
$549,999................. 1 504,673.07 .08
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Total................... 50,548 $599,995,675.61 100.00%
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</TABLE>
<PAGE>
Year of Origination of Contracts
<TABLE>
<CAPTION>
% of Contracts
Aggregate Principal by Outstanding
Year of Number of Contracts Balance Outstanding Principal Balance
Oiginationr as of Cutoff Date as of Cutoff Date as of Cutoff Date
- ----------- ------------------- ------------------- -----------------
<S> <C> <C> <C>
1989................... 1 $ 46,241.97 .01%
1990................... 0 .00 .00
1991................... 0 .00 .00
1992................... 0 .00 .00
1993................... 0 .00 .00
1994................... 0 .00 .00
1995................... 20 219,070.65 .04
1996................... 105 2,521,456.03 .42
1997................... 236 6,432,472.00 1.87
1998................... 19,964 254,528,403.80 42.42
1999................... 30,222 336,248,031.16 56.04
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Total................ 50,548 $599,995,675.61 100.00%
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Original Loan-to-Value Ratios of Contracts
<CAPTION>
% of Contracts
Aggregate Principal by Outstanding
Number of Contracts Balance Outstanding Principal Balance
Loan-to-Value Ratio as of Cutoff Date as of Cutoff Date as of Cutoff Date
------------------- ------------------- ------------------- -----------------
<S> <C> <C> <C>
Less than 61%........... 3,654 $ 25,671,777.34 4.28%
From 61% to 65%......... 1,345 12,742,845.10 2.12
From 66% to 70%......... 1,977 19,459,827.06 3.24
From 71% to 75%......... 3,374 34,647,369.18 5.77
From 76% to 80%......... 4,735 55,497,741.42 9.25
From 81% to 85%......... 6,433 79,347,297.77 13.22
From 86% to 90%......... 13,860 163,020,456.80 27.17
From 91% to 95%......... 7,097 96,361,135.44 16.06
Over 95%................ 8,073 113,247,225.50 18.87
------ --------------- ------
Total................. 50,548 $599,995,675.61 100.00%
====== =============== ======
</TABLE>
<PAGE>
Contract Rates of Contracts
<TABLE>
<CAPTION>
% of Contracts
Aggregate Principal by Outstanding
Number of Contracts Balance Outstanding Principal Balance
Contract Rate as of Cutoff Date as of Cutoff Date as of Cutoff Date
------------- ------------------- ------------------- -----------------
<S> <C> <C> <C>
Less than 5.000%..... 9 $ 139,958.87 .02%
5.001% to 6.000%.... 35 358,814.79 .06
6.001% to 7.000%.... 1 13,661.06 *
7.001% to 8.000%.... 255 22,094,058.33 3.68
8.001% to 9.000%.... 1,263 58,811,188.94 9.80
9.001% to 10.000%... 5,104 120,189,163.56 20.03
10.001% to 11.000%... 7,855 124,679,768.15 20.78
11.001% to 12.000%... 8,592 89,639,120.62 14.94
12.001% to 13.000%... 7,025 64,018,901.20 10.67
13.001% to 14.000%... 5,581 39,088,742.17 6.51
14.001% to 15.000%... 6,031 35,205,861.70 5.87
15.001% to 16.000%... 3,907 21,073,791.62 3.51
16.001% to 17.000%... 2,528 12,979,629.84 2.16
Over 17.000%......... 2,362 11,703,006.76 1.95
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Total.............. 50,548 $599,995,675.61 100.00%
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</TABLE>
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* Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the contracts as of the cutoff date.
Remaining Months to Maturity of Contracts
<TABLE>
<CAPTION>
% of Contracts
Aggregate Principal by Outstanding
Number of Contracts Balance Outstanding Principal Balance
Remaining Months to Maturity as of Cutoff Date as of Cutoff Date as of Cutoff Date
- ---------------------------- ------------------- ------------------- -----------------
<S> <C> <C> <C>
Fewer than 31............. 2,983 $ 9,442,645.98 1.57%
31 to 60................ 21,632 121,246,125.64 20.21
61 to 90................ 10,973 119,048,910.27 19.84
91 to 120................ 4,562 65,696,709.13 10.95
121 to 150................ 6,387 110,680,807.83 18.45
151 to 180................ 3,285 118,769,757.31 19.80
181 to 210................ 236 9,970,161.14 1.66
211 to 240................ 490 45,140,558.31 7.52
------ --------------- ------
Total................... 50,548 $599,995,675.61 100.00%
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</TABLE>
