_________________________________________________________________
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): August 13, 1997
FINANCIAL ASSET SECURITIES CORP., (as depositor).
FINANCIAL ASSET SECURITIES CORP.
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-29381 06-1442101
- ---------------------------- ------------ -----------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
600 Steamboat Road
Greenwich Connecticut 06830
------------------------- ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (203) 625-2700
----- --------
_________________________________________________________________
Item 5. Other Events.
- ------ ------------
Filing of Form T-1.
- ------------------
On August 13, 1997, Financial Asset Securities Corp. (the "Company") is
filing a Form T-1 to designate U.S. BANK NATIONAL ASSOCIATION, F.K.A. FIRST
BANK NATIONAL ASSOCIATION to act as an eligible trustee under trust
indentures to be qualified pursuant to Sections 305 or 307 of the Trust
Indenture Act of 1939. Form T-1 is annexed hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial
- ---- -----------------------------------------
Information and Exhibits.
------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Form T-1.
SIGNATURES
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.
FINANCIAL ASSET SECURITIES CORP.
By: /s/ Peter McMullin
-----------------------------------
Peter McMullin
Vice President
Dated: August 13, 1997
Exhibit Index
-------------
Exhibit
- -------
99.1 Form T-1
Exhibit 99.1
------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
FORM T-1
Statement of Eligibility and Qualification Under the
Trust Indenture Act of 1939 of a Corporation
Designated to Act as Trustee
U.S. BANK NATIONAL ASSOCIATION
F.K.A. FIRST BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
United States 41-0417860
(State of Incorporation) (I.R.S. Employer
Identification No.)
First Trust Center
180 East Fifth Street
St. Paul, Minnesota 55101
(Address of Principal Executive Offices) (Zip Code)
FINANCIAL ASSET SECURITIES CORP.
(Exact name of registrant as specified in its charter)
Delaware 06-1442010
(State of Incorporation) (I.R.S. Employer
Identification No.)
600 STEAMBOAT ROAD
GREENWICH, CT 06830
(Address of Principal Executive Offices) (Zip Code)
HOME LOAN ASSET BACKED SECURITIES
(Title of the Indenture Securities)
GENERAL
-------
1. General Information Furnish the following information as to the Trustee.
-------------------
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency
Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes
2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS If the obligor or any
underwriter for the obligor is an affiliate of the Trustee, describe
each such affiliation.
None
See Note following Item 16.
Items 3-15 are not applicable because to the best of the Trustee's
knowledge the obligor is not in default under any Indenture for which
the Trustee acts as Trustee.
16. LIST OF EXHIBITS List below all exhibits filed as a part of this
----------------
statement of eligibility and qualification.
1. Copy of Articles of Association.*
2. Copy of Certificate of Authority to Commence Business.*
3. Authorization of the Trustee to exercise corporate trust powers
(included in Exhibits 1 and 2; no separate instrument).*
4. Copy of existing By-Laws.*
5. Copy of each Indenture referred to in Item 4. N/A.
6. The consents of the Trustee required by Section 321(b) of the act.
7. Copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining
authority incorporated by reference to File Number 333-26679.
* Incorporated by reference to File Number 333-30939.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within
three years prior to the date of filing this statement, or what persons are
owners of 10% or more of the voting securities of the obligors or affiliates,
are based upon information furnished to the Trustee by the obligors, While
the Trustee has no reason to doubt the accuracy of any such information, it
cannot accept any responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, U.S. Bank National Association, an Association organized and
existing under the laws of the United States, has duly caused this statement
of eligibility and qualification to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of Saint Paul and
State of Minnesota on the 11th day of August, 1997.
U.S. BANK NATIONAL ASSOCIATION
/s/ Lynn M. Steiner
-------------------
Lynn M. Steiner
Assistant Vice President
/s/ Mark E. LeMay
- -----------------
Mark E. LeMay
Assistant Secretary
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports
of examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and
Exchange Commission upon its request therefor.
Dated: August 11, 1997
U.S. BANK NATIONAL ASSOCIATION
/s/ Lynn M. Steiner
--------------------
Lynn M. Steiner
Assistant Vice President
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
August 13, 1997
BY MODEM
- --------
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Financial Asset Securities Corp.
Mego Mortgage Home Loan Owner Trust 1997-4
Home Loan Asset Backed Securities
------------------------------------------
Ladies and Gentlemen:
On behalf of Financial Asset Securities Corp. (the "Company"), we attach
hereto for filing, pursuant to the Securities Exchange Act of 1934, as
amended, the Company's Current Report on Form 8-K, annexing a Statement of
Eligibility and Qualification under the Trust Indenture Act of 1939 of a
Corporation Designated to Act as Trustee, on Form T-1, in connection with the
above-referenced transaction.
Very truly yours,
/s/ Steven Z. Hodaszy
Steven Z. Hodaszy
Attachments
