<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): September 15, 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 certain home improvement
loan contracts transferred to the trust formed in
connection with the Certificates for Home
Improvement Loans, Series,1999-E, 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
By: /s/ Scott T. Young
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Scott T. Young
Vice President and Controller
<PAGE>
INDEX TO EXHIBITS
EXHIBIT NUMBER
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99.1 Information with respect to certain home improvement loan
contracts transferred to the trust formed in connection with
the Certificates for Home Improvement Loans, Series 1999-E,
issued by Green Tree Financial Corporation, as Seller and
Servicer.
<PAGE>
EXHIBIT 99.1
CERTIFICATES FOR HOME IMPROVEMENT LOANS
SERIES 1999-E
INFORMATION REGARDING INITIAL AND ADDITIONAL CONTRACTS
Set forth below is information regarding home improvement loan contracts
transferred to the trust formed in September 1999, or substituted for some of
these contracts, as permitted by the pooling and servicing agreement, on or
before the date of this report. The information below relates to both the
initial contracts described in the prospectus supplement dated September 13,
1999 and the additional contracts transferred to the trust on the closing date.
The Company will transfer subsequent contracts to the trust on or before the
expiration of the pre-funding period. Unless otherwise defined herein, all
capitalized terms have the meanings set forth in the prospectus supplement dated
September 13, 1999.
<PAGE>
The tables below describe additional characteristics of the loans as of the
Cut-off Date.
Geographical Distribution of Improved Real Estate
<TABLE>
<CAPTION>
% of
% of Loan Pool by
Loan Pool by Aggregate Principal Outstanding
Number of Number of Balance Principal
Loans as of Loans 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................. 442 1.75% $ 9,073,711.31 1.91%
Alaska.................. 15 .06 233,311.47 .05
Arizona................. 781 3.09 16,985,249.74 3.57
Arkansas................ 942 3.72 10,684,327.81 2.25
California.............. 3,141 12.41 81,151,216.37 17.06
Colorado................ 580 2.29 7,977,915.98 1.68
Connecticut............. 532 2.10 9,788,679.65 2.06
Delaware................ 103 .41 2,097,913.11 .44
District of Columbia.... 23 .09 242,561.15 .05
Florida................. 981 3.88 19,964,963.80 4.20
Georgia................. 533 2.11 8,762,279.99 1.84
Hawaii.................. 6 .02 143,739.50 .03
Idaho................... 50 .20 894,887.02 .19
Illinois................ 1,184 4.68 20,052,974.38 4.22
Indiana................. 528 2.09 8,311,801.50 1.75
Iowa.................... 130 .51 2,508,302.36 .53
Kansas.................. 212 .84 3,686,184.07 .78
Kentucky................ 161 .64 2,935,101.05 .62
Louisiana............... 259 1.02 4,377,407.12 .92
Maine................... 176 .70 3,625,865.64 .76
Maryland................ 334 1.32 6,675,200.77 1.40
Massachusetts........... 367 1.45 7,199,784.35 1.51
Michigan................ 1,578 6.23 25,923,437.16 5.45
Minnesota............... 248 .98 5,651,609.66 1.19
Mississippi............. 178 .70 3,440,806.70 .72
Missouri................ 809 3.20 12,431,022.54 2.61
Montana................. 28 .11 735,577.54 .15
Nebraska................ 88 .35 1,219,808.49 .26
Nevada.................. 360 1.42 9,188,507.73 1.93
New Hampshire........... 93 .37 1,782,877.42 .37
New Jersey.............. 1,353 5.34 27,846,321.97 5.86
New Mexico.............. 167 .66 2,714,249.59 .57
New York................ 1,691 6.68 37,633,095.30 7.91
North Carolina.......... 407 1.61 6,579,616.07 1.38
North Dakota............ 29 .11 751,551.19 .16
Ohio.................... 962 3.80 13,181,261.65 2.77
Oklahoma................ 382 1.51 5,564,699.30 1.17
Oregon.................. 179 .71 3,553,284.39 .75
Pennsylvania............ 1,434 5.66 26,954,755.29 5.67
Rhode Island............ 98 .39 1,720,611.92 .36
South Carolina.......... 214 .85 3,804,269.71 .80
South Dakota............ 35 .14 958,190.93 .20
Tennessee............... 248 .98 3,934,391.63 .83
Texas................... 1,521 6.01 21,506,572.96 4.52
Utah.................... 90 .36 1,653,076.86 .35
Vermont................. 23 .09 405,714.02 .09
Virginia................ 644 2.54 11,769,595.74 2.47
Washington.............. 578 2.28 10,185,716.76 2.14
West Virginia........... 107 .42 1,536,320.18 .32
Wisconsin............... 200 .79 3,813,880.90 .80
Wyoming................. 88 .35 1,746,260.40 .37
Non-U.S. based service
personnel............. 2 .01 16,215.42 *
------ ------ --------------- ------
Total............... 25,314 100.00% $475,576,677.56 100.00%
====== ====== =============== ======
</TABLE>
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* Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the loans as of the Cut-off Date.
2
<PAGE>
Years of Origination of Loans
<TABLE>
<CAPTION>
% of
Number of Loan Pool By
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Year of Origination off Date as of Cut-off Date Cut-off Date
- ------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
1989...................... 1 $ 10,991.59 *%
1990...................... 30 161,092.05 .03
1991...................... 51 208,308.70 .04
1992...................... 65 348,876.92 .07
1993...................... 191 1,623,317.32 .34
1994...................... 656 7,236,639.66 1.52
1995...................... 711 9,153,130.37 1.92
1996...................... 2,369 30,164,665.29 6.34
1997...................... 192 1,994,290.76 .42
1998...................... 3,284 63,107,874.17 13.27
1999...................... 17,764 361,567,490.73 76.03
------ --------------- ------
Total................. 25,314 $475,576,677.56 100.00%
====== =============== ======
</TABLE>
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* Indicates an amount greater than zero but less than .005% of the aggregate
principal balance of the loans as of the Cut-off Date.
Distribution of Original Loan Amounts
<TABLE>
<CAPTION>
% of
Number of Loan Pool by
Loans Aggregate Principal Outstanding Principal
Original Loan 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....... 6,714 $ 42,227,861.80 8.88%
Between $ 10,000--
$ 19,999.99............. 9,043 128,135,029.00 26.94
Between $ 20,000--
$ 29,999.99............. 5,729 137,922,768.72 29.00
Between $ 30,000--
$ 39,999.99............. 2,019 68,836,332.13 14.47
Between $ 40,000--
$ 49,999.99............. 1,023 44,507,351.37 9.36
Between $ 50,000--
$ 59,999.99............. 422 22,309,163.33 4.69
Between $ 60,000--
$ 69,999.99............. 133 8,452,906.84 1.78
Between $ 70,000--
$ 79,999.99............. 74 5,530,043.09 1.16
Between $ 80,000--
$ 89,999.99............. 47 3,983,242.80 .84
Between $ 90,000--
$ 99,999.99............. 25 2,369,516.24 .50
Between $100,000--
$109,999.99............. 22 2,306,952.99 .49
Between $110,000--
$119,999.99............. 14 1,610,813.70 .34
Between $120,000--
$129,999.99............. 14 1,762,570.98 .37
Between $130,000--
$139,999.99............. 8 1,074,252.17 .23
Between $140,000--
$149,999.99............. 5 731,203.70 .15
Between $150,000--
$159,999.99............. 7 1,080,084.11 .23
Between $160,000--
$169,999.99............. 4 653,103.26 .14
Between $170,000--
$179,999.99............. 6 1,048,487.53 .22
Between $180,000--
$189,999.99............. 1 182,752.92 .04
Between $190,000--
$199,999.99............. 2 382,951.94 .08
Between $200,000--
$249,999.99............. 1 200,720.05 .04
Between $250,000--
$299,999.99............. 1 268,568.89 .06
------ --------------- ------
Total................ 25,314 $475,576,677.56 100.00%
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</TABLE>
3
<PAGE>
Loan Rates
<TABLE>
<CAPTION>
% of
Number of Loan Pool by
Loans Aggregate Principal Outstanding Principal
Range of as of Cut- Balance Outstanding Balance as of
Loan Rates off Date as of Cut-off Date Cut-off Date
---------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
From 5.00001%--
6.00000%................ 2 $ 16,503,65 *%
From 6.00001%--
7.00000%................ 0 .00 .00
From 7.00001%--
8.00000%................ 40 1,075,828.39 .23
From 8.00001%--
9.00000%................ 404 12,288,008.66 2.58
From 9.00001%--
10.00000%................ 2,043 43,446,056.24 9.56
From 10.00001%--
11.00000%................ 2,818 66,204,401.03 13.92
From 11.00001%--
12.00000%................ 3,498 68,543,316.92 14.41
From 12.00001%--
13.00000%................ 4,021 72,989,660.86 15.35
From 13.00001%--
14.00000%................ 5,310 81,941,904.34 17.23
From 14.00001%--
15.00000%................ 4,070 61,344,409.30 12.90
From 15.00001%--
16.00000%................ 1,917 37,774,289.39 7.94
From 16.00001%--
17.00000%................ 908 21,330,831.36 4.49
Over 17.00000%............ 283 6,621,467.42 1.39
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Total................. 25,314 $475,576,677.56 100.00%
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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 loans as of the Cut-off Date.
Remaining Months to Maturity
<TABLE>
<CAPTION>
% of
Number of Loan Pool by
Months Remaining to Loans 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>
Less than 31.............. 440 $ 1,343,788.89 .28%
31-60..................... 1,964 12,804,789.55 2.69
61-90..................... 1,790 14,637,363.95 3.08
91-120.................... 5,094 65,206,326.77 13.71
121-150................... 1,329 17,177,229.00 3.61
151-180................... 5,097 99,378,176.99 20.90
181-210................... 1,325 26,363,514.67 5.54
211-240................... 2,636 61,156,255.02 12.86
241-270................... 11 330,412.94 .07
271-300................... 5,620 176,286,186.76 37.07
301-330................... 0 .00 .00
331-360................... 8 892,633.02 .19
------ --------------- ------
Total................. 25,314 $475,576,677.56 100.00%
====== =============== ======
</TABLE>
4
<PAGE>
Lien Position of Loans
<TABLE>
<CAPTION>
% of
Number of Loan Pool by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Lien Position off Date as of Cut-off Date Cut-off Date
- ------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
First........ 2,649 $ 56,866,157.94 11.96%
Second....... 18,866 346,211,518.93 72.80
Third........ 3,781 79,191,411.81 15.18
Fourth....... 17 292,705.40 .06
Fifth........ 1 14,883.48 *
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Total.... 25,314 $475,576,677.56 100.00%
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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 loans as of the Cut-off Date.
5
