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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) May 19, 1997
FINANCIAL ASSET SECURITIES CORP., (as depositor)
FINANCIAL ASSET SECURITIES CORP.
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(Exact name of registrant as specified in its charter)
Delaware 333-21071 06-1442101
____________________________ ______________ __________________
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
600 Steamboat Road
Greenwich, Connecticut 06830
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (203) 625-2700
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Item 5. Other Events.
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Filing of Derived Materials.
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In connection with the offering of the Home Loan Asset Backed Notes,
1997-2 (the "Notes") Greenwich Capital Markets, Inc. as underwriter of the
Notes (the "Underwriter"), has prepared certain materials (the "Derived
Materials") for distribution to its potential investors. The Derived
Materials were distributed on May 15, 1997. Although the Registrant
provided the Underwriter with certain information regarding the
characteristics of the assets in the related portfolio, it did not
participate in the preparation of the Derived Materials. Concurrently with
the filing hereof, pursuant to Rule 202 of Regulation 202, the Registrant is
filing certain computational materials by paper filing on Form SE in reliance
on a continuing hardship exemption.
For purposes of this Form 8-K, Derived Materials shall mean computer
generated tables and/or charts displaying, with respect to the Notes,
any of the following: yield; average life, duration; expected maturity; loss
sensitivity; cash flow characteristics; background information regarding the
assets; the proposed structure; decrement tables; or similar information
(tabular or otherwise) of a statistical, mathematical, tabular or
computational nature, as well as certain matters relating to the collateral
for such transaction.
Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99 Computational Materials for Series 1997-2.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FINANCIAL ASSET SECURITIES CORP.
By: /s/ Peter McMullin
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Peter McMullin
Dated: May 19, 1997
Exhibit Index
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Exhibit Page
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99. Computational Materials for Series 1997-2.
EXHIBIT 99
