<PAGE>

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K

[ X ]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For the fiscal year ended:  December 31, 2000
                                       OR

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       ACT OF 1934

For the transition period from __________ to _________.

Commission File Number:  333-95349

 GreenPoint Mortgage Securities Inc. (as Sponsor of the GreenPoint Home Equity
    Loan Trust, Series 2000-1, Class A-2 Variable Rate Asset-Backed Notes)

                      GREENPOINT MORTGAGE SECURITIES INC.
             (Exact Name of registrant as specified in its charter)

<TABLE>
<S>                                                                       <C>
                                Delaware                                                   68-0397342
     (State or other jurisdiction of incorporation or organization)            (I.R.S. employer identification no.)

                 700 Larkspur Landing Circle, Suite 240                                      94939
                              Larkspur, CA                                                 (Zip code)
                (Address of principal executive offices)

                                                     (415) 461-6790
                                  (Registrant's telephone number, including area code)
</TABLE>

<TABLE>
<CAPTION>
<S>                                                               <C>
Securities registered pursuant to Section 12(b) of the Act:       Securities registered pursuant to Section 12(g) of the Act:

                              None                                                           None
                        (Title of class)                                               (Title of class)
</TABLE>

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes [ X ]    No [    ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.  [ X ]

State the aggregate market value of the voting stock held by non-affiliates of
Registrant.  The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of specified date within 60 days prior to the date of filing:

                                 Not Applicable

                      Documents incorporated by reference:

                                 Not Applicable
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                      GREENPOINT MORTGAGE SECURIITIES INC.
                VARIABLE RATE ASSET-BACKED NOTES, SERIES 2000-1

                                     INDEX

                                                                       Page
                                                                       ----
PART I   .............................................................  3
         ITEM 1      -  BUSINESS......................................  3
         ITEM 2      -  PROPERTIES....................................  3
         ITEM 3      -  LEGAL PROCEEDINGS.............................  3
         ITEM 4      -  SUBMISSION OF MATTERS TO A VOTE OF
                        SECURITY HOLDERS..............................  3

PART II  .............................................................  3
         ITEM 5      -  MARKET FOR REGISTRANT'S COMMON STOCK AND
                        RELATED STOCKHOLDER MATTERS...................  3
         ITEM 6      -  SELECTED FINANCIAL DATA.......................  3
         ITEM 7      -  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                        FINANCIAL CONDITION AND RESULTS OF OPERATIONS.  3
         ITEM 8      -  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA...  3
         ITEM 9      -  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
                        ON ACCOUNTING AND FINANCIAL DISCLOSURE........  4


PART III .............................................................  4
         ITEM 10     -  DIRECTORS AND EXECUTIVE OFFICERS OF
                        THE REGISTRANT................................  4
         ITEM 11     -  EXECUTIVE COMPENSATION........................  4
         ITEM 12     -  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
                        OWNERS AND MANAGEMENT.........................  4
         ITEM 13     -  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS  4

PART IV  .............................................................  5
         ITEM 14     -  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND
                        REPORTS ON FORM 8-K...........................  5

SIGNATURES............................................................  6
INDEX TO EXHIBITS.....................................................  7
<PAGE>

                                     PART I

ITEM 1  -  BUSINESS

           Not Applicable.

ITEM 2  -  PROPERTIES

           GreenPoint Mortgage Securities Inc. (the "Sponsor") will furnish
information regarding the Mortgaged Properties by reference to the Annual
Compliance Certificates to be filed herein under Item 14.

ITEM 3  -  LEGAL PROCEEDINGS

           The Sponsor is not aware of any material pending legal proceedings
involving either the Variable Rate Asset-Backed Notes, Series 2000-1, the
GreenPoint Home Equity Loan Trust 2000-1 (the "Trust); the Sale and Servicing
Agreement; the Trust Agreement; the Pooling Agreement and Indenture; the
Indenture Trustee; the Sponsor; or the Servicer which relates to the Trust.

ITEM 4  -  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

           No matter has been submitted to a vote of the holders of beneficial
interests in the Trust through the solicitation of proxies or otherwise.


                                    PART II

ITEM 5  -  MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS

           To the best knowledge of the Sponsor, there is no established public
trading market for the Notes.

           The Notes issued by the Trust are held by the Depository Trust
Company ("DTC") which in turn maintains records of holders of beneficial
interests in the Notes. Based on information obtained by the Trust from DTC, as
of December 31, 2000, there were three holders of the Class A-2 Notes.

TEM 6  -  SELECTED FINANCIAL DATA

          Not Applicable.

ITEM 7 -  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

          Not Applicable.

ITEM 8 -  FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION


          Not Applicable.
<PAGE>

ITEM 9  -  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

           There were no changes of accountants or disagreements on accounting
or financial disclosures between the Sponsor and its accountants.


                                    PART III


ITEM 10  - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

           Not Applicable.


ITEM 11  - EXECUTIVE COMPENSATION

           Not Applicable.


ITEM 12  - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

           The Sponsor is a wholly-owned, limited purpose Delaware corporation
and subsidiary of GreenPoint Mortgage Funding, Inc., a New York corporation. The
Trust is a Delaware statutory business trust wholly-owned by the Sponsor.


ITEM 13  - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

           None.
<PAGE>

                                    PART IV

ITEM 14  - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

           (a) The following documents are filed as part of this report:

               1.      Financial Statements:

                       Not applicable.

               2.      Financial Statement Schedules:

                       Not applicable.

               3.      Exhibits:

                       Exhibit No.     Description
                       -----------     -----------

                       99.1            Statement of Compliance of the Servicer
                                       pursuant to Section 3.09 of the Sale and
                                       Servicing Agreement.

                       99.2            Independent Accountant's Report with
                                       respect to the Servicer's overall
                                       servicing operations pursuant to
                                       Section 3.10 of the Sale and Servicing
                                       Agreement.

                       99.3            Statement of Compliance of the Issuer
                                       under Section 3.9 of the Pooling
                                       Agreement and Indenture.
<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Sponsor has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                                    By:  GREENPOINT MORTGAGE SECURITIES INC.,
                                         As Sponsor


                                    By:      /s/ Peter Hill
                                       ----------------------------------
                                    Name:    Peter Hill
                                    Title:   Senior Vice President and
                                             Controller (Chief Financial Officer
                                             and Principal Accounting Officer)
Date: March 30, 2001.

      Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the Sponsor
and in the capacities and on the dates indicated:

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<CAPTION>

<S>                                      <C>                                                    <C>
               Signature                         Position                                           Date
               ---------                         --------                                           ----

/s/ S.A. Ibrahim                         President and Director                                 March 30, 2001
---------------------------------------  (Principal Executive Officer)
S.A. Ibrahim

/s/ Becky S. Poisson                     Vice President and Director                            March 30, 2001
---------------------------------------
Becky S. Poisson

/s/ Peter Hill                           Senior Vice President and Controller                   March 30, 2001
---------------------------------------  (Chief Financial Officer and Principal
Peter Hill                               Accounting Officer)

/s/ Phillip R. Pollock                   Assistant Secretary                                    March 30, 2001
---------------------------------------
Phillip R. Pollock

/s/ Steven M. Abreu                      Vice President and Director                            March 30, 2001
---------------------------------------
Steven M. Abreu

/s/ Kenneth Siprelle                                                                            March 30, 2001
---------------------------------------  Director
Kenneth Siprelle

/s/ John Edmonds                                                                                March 30, 2001
---------------------------------------  Director
John Edmonds
</TABLE>
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                               INDEX TO EXHIBITS
                                   Item 14(C)

Exhibit No.    Description
-----------    -----------

99.1           Statement of Compliance of the Servicer pursuant to Section 3.09
               of the Sale and Servicing Agreement.

99.2           Independent Accountant's Report with respect to the Servicer's
               overall servicing operations pursuant to Section 3.10 of the
               Sale and Servicing Agreement.

99.3           Statement of Compliance of the Issuer under Section 3.9 of the
               Pooling Agreement and Indenture.