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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) December 11, 1997
FINANCIAL ASSET SECURITIES CORP., (as depositor under the Pooling
and Servicing Agreement, dated as of December 1, 1997, which forms
New Century Home Equity Loan Trust 1997-NC6, which will issue the
Home Equity Loan Asset-Backed Certificates, Series 1997-NC6).
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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Incorporation of Certain Documents by Reference
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Pursuant to Rule 411 of Regulation C under the Securities Act of 1933,
Financial Asset Security Corp. (the "Company") will incorporate by reference
certain financial statements of Financial Security Assurance Inc. and
Subsidiaries ("FSA") into the Company's registration statement (File No. 333-
29381). The financial statements will be referred to in the prospectus
supplement relating to the Company's Home Equity Loan Asset-Backed
Certificates, Series 1997-NC6. In connection with the incorporation of such
documents by reference, the Company is hereby filing the consent of Coopers &
Lybrand L.L.P. ("Coopers & Lybrand") to the use of their name in such
prospectus supplement. The consent of Coopers & Lybrand is attached hereto
as Exhibit 23.1.
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) Exhibit:
23.1 Consent of Coopers & Lybrand
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 Peter
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McMullin
Dated: December 11, 1997
Exhibit Index
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Exhibit Page
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23.1 Consent of Coopers & Lybrand
EXHIBIT 23.1: CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of
Financial Asset Securities Corp. relating to the New Century Home Equity Loan
Trust, Series 1997-NC6 of our report dated January 24, 1997 on our audits of
the consolidated financial statements of Financial Security Assurance Inc.
and Subsidiaries as of December 31, 1996 and 1995 and for each of the three
years in the period ended December 31, 1996. We also consent to the
reference to our firm under the caption "Experts".
/s/ Coopers & Lybrand L.L.P.
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Coopers & Lybrand L.L.P.
New York, New York
December 11, 1997
