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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): August 29, 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 333-29381 06-1442101
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(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 Computational Materials./*/
In connection with the offering of the Mego Mortgage Home Loan Owner
Trust 1997-4 Home Loan Asset Backed Notes and Certificates (the
"Securities"), Greenwich Capital Markets, Inc., as underwriter of the
Securities (the "Underwriter"), has prepared certain materials (the
"Computational Materials") for distribution to its potential investors.
Although Mego provided the Underwriter with certain information regarding the
characteristics of the Loans in the related portfolio, it did not participate
in the preparation of the Computational Materials. Concurrently with the
filing hereof, pursuant to Rule 202 of Regulation S-T, the Registrant is
filing the Computational Materials by paper filing in Form SE in reliance on
a continuing hardship exemption.
For purposes of this Form 8-K, Computational Materials shall mean
computer generated tables and/or charts displaying, with respect to the
Securities, any of the following: yield; average life, duration; expected
maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise)
of a statistical, mathematical, tabular or computational nature. The
Computational Materials are attached hereto as Exhibit 99.1.
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:
99.1 Computational Materials.
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/*/ Capitalized terms used and not otherwise defined herein shall have
the meanings assigned to them in the Prospectus dated June 20, 1997 of
Financial Asset Securities Corp., related to the Securities, and the Sale
and Servicing Agreement dated August 16, 1997 among Mego Mortgage Home Loan
Owner Trust 1997-4, Financial Asset Securities Corp., Mego Mortgage
Corporation, Norwest Bank Minnesota, N.A. and U.S. Bank National
Association, d/b/a First Bank National Association.
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
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McMullin
Vice President
Dated: August 29, 1997
Exhibit Index
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Exhibit Page
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99.1 Computational Materials 5
Exhibit 99.1
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Pursuant to a continuing hardship exemption letter, as provided in
Rule 202 of Regulation S-T, Exhibit 99.1 will be filed today in physical form
by Form SE.
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
August 29, 1997
BY MODEM
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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 Notes and Certificates
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Ladies and Gentlemen:
On behalf of Financial Asset Securities Corp. (the "Company"), we have
enclosed herewith for filing, pursuant to the Securities and Exchange Act of
1934, as amended, the Company's Current Report on Form 8-K, for Computational
Materials in connection with the above-referenced transaction.
Pursuant to a continuing hardship exemption letter, as provided in
Rule 202 of Regulation S-T, Exhibit 99.1 will be filed today in physical form
by Form SE.
Very truly yours,
/s/ Steven Z. Hodaszy
Steven Z. Hodaszy
Enclosure
