<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 30, 1999
GREEN TREE FINANCIAL CORPORATION
as originator of Manufactured Housing Contract
Senior/Subordinate Pass-Through Certificate
Trust 1999-4
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(Exact name of registrant as specified in its charter)
01-08916
Delaware (333-63265/333-75365) 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.
(c) Exhibits.
The following is filed herewith. The exhibit numbers
correspond with Item 601(b) of Regulation S-K.
2
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Exhibit No. Description
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99.1 Information with respect to certain
manufactured housing installment sale
contracts and installment loan agreements
to be transferred to the trust formed in
connection with the $1,000,000,000
(Approximate) Manufactured Housing Contract
Senior/Subordinate Pass-Through
Certificates, Series 1999-4, 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/ Joel H. Gottesman
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Joel H. Gottesman
Senior Vice President, General Counsel
and Secretary
3
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INDEX TO EXHIBITS
Exhibit Number Page
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99.1 Information with respect to certain manufactured
housing installment sale contracts and installment
loan agreements to be transferred to the trust formed
in connection with the $1,000,000,000 (Approximate)
Manufactured Housing Contract Senior/Subordinate
Pass-Through Certificates, Series 1999-4, issued
by Green Tree Financial Corporation, as Seller and
Servicer.
<PAGE>
EXHIBIT 99.1
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH CORTIFICATES
SERIES 1999-4
Set forth below is information regarding the manufactured housing installment
sales contracts and installment loan agreements transferred to the Trust on June
30, 1999. 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. Unless otherwise defined herein,
all capitalized terms have the meanings set forth in the Prospectus Supplement.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF INITIAL AND CERTAIN ADDITIONAL CONTRACT OBLIGORS
<TABLE>
<CAPTION>
AGGREGATE % OF CONTRACT
PRINCIPAL POOL BY
% OF CONTRACT BALANCE OUTSTANDING
NUMBER OF POOL BY NUMBER OF OUTSTANDING PRINCIPAL
CONTRACTS AS OF CONTRACTS AS OF AS OF CUT- BALANCE AS OF
CUT-OFF DATE CUT-OFF DATE OFF DATE CUT-OFF DATE
--------------- ----------------- ----------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 1,578 7.26% $ 56,167,224.18 6.37
Alaska ................. 2 .01 169,144.16 .02
Arizona ................ 411 1.89 17,593,478.37 2.00
Arkansas ............... 532 2.45 18,333,898.15 2.08
California ............. 683 3.14 30,173,359.69 3.42
Colorado ............... 454 2.09 23,844,181.22 2.71
Connecticut ............ 9 .04 395,891.53 .04
Delaware ............... 78 .36 3,155,355.87 .36
District of Columbia.... 1 .00 34,269.73 .00
Florida ................ 1,237 5.69 54,109,551.36 6.14
Georgia ................ 1,343 6.18 54,658,015.58 6.20
Idaho .................. 93 .43 4,211,626.91 .48
Illinois ............... 360 1.66 12,018,572.59 1.36
Indiana ................ 544 2.50 22,255,028.03 2.53
Iowa ................... 295 1.36 10,187,596.16 1.16
Kansas ................. 331 1.52 13,228,341.50 1.50
Kentucky ............... 613 2.82 20,837,429.90 2.36
Louisiana .............. 567 2.61 19,356,697.19 2.20
Maine .................. 137 .63 5,447,030.17 .62
Maryland ............... 69 .32 2,175,162.30 .25
Massachusetts .......... 10 .05 310,151.47 .04
Michigan ............... 910 4.19 41,091,890.58 4.66
Minnesota .............. 454 2.09 16,164,600.91 1.83
Mississippi ............ 577 2.66 19,581,970.48 2.22
Missouri ............... 627 2.89 20,576,156.66 2.34
Montana ................ 170 .78 6,968,389.15 .79
Nebraska ............... 82 .38 2,771,685.78 .31
Nevada ................. 212 .98 12,277,262.50 1.39
New Hampshire .......... 115 .53 4,665,786.45 .53
New Jersey ............. 2 .01 83,870.92 .01
New Mexico ............. 288 1.33 12,945,082.21 1.47
New York ............... 259 1.19 8,553,910.74 .97
North Carolina ......... 1,912 8.80 84,714,695.71 9.61
North Dakota ........... 97 .45 2,991,441.29 .34
Ohio ................... 450 2.07 16,749,539.99 1.90
Oklahoma ............... 536 2.47 21,465,633.24 2.44
Oregon ................. 245 1.13 17,294,495.51 1.96
Pennsylvania ........... 285 1.31 9,513,029.52 1.08
Rhode Island ........... 2 .01 54,670.51 .01
South Carolina ......... 1,089 5.01 47,364,368.10 5.38
South Dakota ........... 170 .78 5,869,771.82 .67
Tennessee .............. 686 3.16 25,081,654.66 2.85
Texas .................. 1,806 8.31 75,038,625.65 8.52
Utah ................... 79 .36 4,681,018.97 .53
Vermont ................ 46 .21 1,980,133.38 .22
Virginia ............... 379 1.74 13,816,040.98 1.57
Washington ............. 297 1.37 19,518,981.73 2.22
West Virginia .......... 284 1.31 8,935,575.02 1.01
Wisconsin .............. 221 1.02 7,013,576.17 .80
Wyoming ................ 98 .45 4,657,518.68 .53
Non-U.S. Based.......... 1 .00 17,328.60 .00
------ ------ --------------- ------
**Totals ............... 21,726 100.00% $881,100,711.97 100.00%
====== ====== =============== ======
</TABLE>
2
<PAGE>
YEARS OF ORIGINATION OF INITIAL AND CERTAIN ADDITIONAL CONTRACTS
<TABLE>
<CAPTION>
% OF CONTRACT POOL BY
AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
NUMBER OF CONTRACTS BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION(1) AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT OFF DATE
- ---------------------- ------------------- ------------------- ---------------------
<S> <C> <C> <C>
1990.................... 3 $ 43,593.77 * %
1993.................... 1 13,494.03 *
1994.................... 1 36,187.31 *
1995.................... 1 9,867.79 *
1996.................... 3 53,570.44 .01
1997.................... 8 631,726.40 .07
1998.................... 97 8,430,919.41 .96
1999.................... 21,612 871,881,352.82 98.95
------ ----------------- -------
Total................ 21,726 $ 881,100,711.97 100.00%
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</TABLE>
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* Indicates an amount greater than zero but less than .05%.
(1) The Contracts shown in the above table with earlier years of origination
primarily represent Contracts originated by the Company and subsequently
refinanced through the Company. The Company retains the first origination
dates on its records with respect to such refinanced Contracts.
DISTRIBUTION OF ORIGINAL INITIAL AND CERTAIN ADDITIONAL CONTRACT AMOUNTS
<TABLE>
<CAPTION>
% OF CONTRACT POOL BY
AGGREGATE OUTSTANDING PRINCIPAL
ORIGINAL CONTRACT NUMBER OF CONTRACTS BALANCE OUTSTANDING BALANCE AS OF
AMOUNT (IN DOLLARS)(1)U AS OF CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------------ ------------------- -------------------- ---------------------
<S> <C> <C> <C>
Less than $10,000....... 714 $ 5,470,105.61 .62%
Between $10,000 and
$19,999................ 2,895 44,335,429.04 5.03
Between $20,000 and
$29,999................ 4,202 106,673,673.13 12.11
Between $30,000 and
$39,999................ 4,820 167,246,116.23 18.98
Between $40,000 and
$49,999................ 3,167 141,579,907.42 16.07
Between $50,000 and
$59,999................ 2,297 126,029,087.23 14.30
Between $60,000 and
$69,999................ 1,548 99,964,696.67 11.35
Between $70,000 and
$79,999................ 768 57,313,353.10 6.50
Between $80,000 and
$89,999................ 478 40,475,617.54 4.59
Between $90,000 and
$99,999................ 343 32,618,012.58 3.70
Between $100,000 and
$109,999............... 191 19,978,076.28 2.27
Between $110,000 and
$119,999............... 113 12,959,573.12 1.47
Between $120,000 and
$129,999............... 90 11,172,403.35 1.27
Between $130,000 and
$139,999............... 32 4,289,493.67 .49
Between $140,000 and
$149,999............... 29 4,216,557.62 .48
Between $150,000 and
$159,999............... 13 2,006,437.11 .23
Between $160,000 and
$169,999............... 10 1,638,429.73 .19
Between $170,000 and
$179,999............... 4 700,613.63 .08
Between $180,000 and
$189,999............... 5 910,494.23 .10
Between $190,000 and
$199,999............... 3 582,981.31 .07
Between $200,000 and
$249,999............... 3 634,154.80 .07
Over $250,000........... 1 305,498.57 .03
------ ----------------- ------
Total................ 21,726 $ 881,100,711.97 100.00%
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</TABLE>
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(1) The largest original Contract amount is $305,498.57, which represents
.03% of the aggregate principal balance of the original initial and certain
additional Contracts as of the Cut-off Date.
3
<PAGE>
DISTRIBUTION OF ORIGINAL INITIAL AND CERTAIN ADDITIONAL
LOAN-TO-VALUE RATIOS OF CONTRACTS
<TABLE>
<CAPTION>
AGGREGATE PRINCIPAL % OF CONTRACT POOL BY
NUMBER OF CONTRACTS BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
LOAN-TO-VALUE RATIO (1) AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
- ------------------------ ------------------- ------------------- --------------------------
<S> <C> <C> <C>
Less than 61%................ 698 $ 21,572,556.95 2.45%
61% to 65%................ 210 7,645,436.38 .87
66% to 70%................ 309 11,640,304.22 1.32
71% to 75%................ 521 23,268,854.58 2.64
76% to 80%................ 1,945 74,816,594.06 8.49
81% to 85%................ 1,370 58,905,262.73 6.69
86% to 90%................ 7,763 331,110,306.95 37.58
91% to 95%................ 6,677 270,570,061.22 30.71
96% to 100%............... 2,223 81,571,334.88 9.26
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Total..................... 21,726 $881,100,711.97 100.00%
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</TABLE>
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(1) Rounded to the nearest 1%. The method of calculating loan-to-value ratios
is described in the Prospectus.
SUBSEQUENT CONTRACT RATES
<TABLE>
<CAPTION>
AGGREGATE PRINCIPAL % OF CONTRACT POOL BY
RANGE OF CONTRACTS BY NUMBER OF CONTRACTS BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
CONTRACT RATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
--------------------- ------------------- ------------------- --------------------------
<S> <C> <C> <C>
0.00000% to 5.00000%....... 6 $ 501,453.15 .06%
5.00001% to 6.00000%....... 30 2,278,041.61 .26
6.00001% to 7.00000%....... 485 39,150,120.09 4.44
7.00001% to 8.00000%....... 1,888 129,471,838.87 14.69
8.00001% to 9.00000%....... 3,586 194,806,126.88 22.11
9.00001% to 10.00000%....... 4,625 193,793,070.35 21.99
10.00001% to 11.00000%....... 3,873 138,870,860.13 15.76
11.00001% to 12.00000%....... 3,252 96,007,441.79 10.90
12.00001% to 13.00000%....... 2,262 55,159,779.23 6.26
13.00001% to 14.00000%....... 1,294 25,573,098.95 2.90
14.00001% to 15.00000%....... 154 2,746,004.30 .31
15.00001% to 16.00000%....... 191 1,990,815.93 .23
16.00001% to 17.00000%....... 79 741,284.69 .08
Over 17.00000%............... 1 10,776.00 .00
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Total..................... 21,726 $881,100,711.97 100.00%
====== =============== ======
</TABLE>
INITIAL AND CERTAIN ADDITIONAL REMAINING MONTHS TO MATURITY OF CONTRACTS
<TABLE>
<CAPTION>
AGGREGATE PRINCIPAL % OF CONTRACT POOL BY
MONTHS REMAINING NUMBER OF CONTRACTS BALANCE OUTSTANDING OUTSTANDING PRINCIPAL
AS OF CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE BALANCE AS OF CUT-OFF DATE
------------------ ------------------- ------------------- --------------------------
<S> <C> <C> <C>
Less than 31................. 9 $ 55,076.57 .01%
31 to 60................. 414 3,732,726.18 .42
61 to 90................. 471 6,644,336.08 .75
91 to 120................. 1,337 22,384,001.10 2.54
121 to 150................. 497 10,488,850.61 1.19
151 to 180................. 2,660 63,963,579.28 7.26
181 to 210................. 113 3,862,692.11 .44
211 to 240................. 3,088 96,475,161.64 10.95
241 to 270................. 40 1,456,125.24 .17
271 to 300................. 1,914 68,703,256.75 7.80
301 to 330................. 44 2,008,646.56 .23
331 to 360................. 11,139 601,326,259.85 68.25
------ --------------- ------
Total..................... 21,726 $881,100,711.97 100.00%
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</TABLE>
4
