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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) September 18, 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 Derived Materials.
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In connection with the offering of the New Century Home Equity Loan
Trust, Series 1997-NC5, Asset Backed Certificates (the "Certificates")
Greenwich Capital Markets, Inc. as underwriter of the Certificates (the
"Underwriter"), has prepared certain materials (the "Derived Materials") for
distribution to their potential investors. 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.
For purposes of this Form 8-K, Derived Materials shall mean computer
generated tables and/or charts displaying, with respect to the Certificates,
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-NC5.
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: September 18, 1997
Exhibit Index
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Exhibit Page
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99. Computational Materials for Series 1997-NC5.
EXHIBIT 99
FILED ON FORM SE, DATED SEPTEMBER 18, 1997.
