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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):November 12, 1998
FINANCIAL ASSET SECURITIES CORP.
(Exact name of registrant as specified in its charter)
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Delaware 333-44067 06-1442101
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
600 Steamboat Road Greenwich,
Connecticut 06830
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(Address of Principal Executive (Zip Code)
Offices)
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Registrant's telephone number, including area code (203) 622-2700
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Item 5. Other Events.
Filing of Computational Materials
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Pursuant to Rule 424(b) under the Securities Act of 1933, concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the "Form
8-K"), Financial Asset Securities Corp. (the "Company") is filing a prospectus
and prospectus supplement with the Securities and Exchange Commission relating
to its Residential Mortgage Loan Trust 1998-1 Certificates.
In connection with the offering of the Residential Mortgage Loan Trust
1998-1 Certificates, Greenwich Capital Markets, Inc.( "Greenwich Capital"), as
the underwriter of the Offered Certificates, has prepared certain materials (the
"Computational Materials") for distribution to its potential investors. Although
the Company provided Greenwich Capital with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company did
not participate in the preparation of the Computational Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class or
Classes of Certificates, any of the following: yield; average life; duration;
expected maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature. The
Computational Materials, listed as Exhibit 99.2 hereto, are filed on Form SE
dated November 13, 1998.
* Capitalized terms used and not otherwise defined herein shall have
the meanings assigned to them in the prospectus dated September 28, 1998 and the
prospectus supplement dated November 10, 1998, of Financial Asset Securities
Corp., relating to its Residential Mortgage Loan Trust 1998-1 Certificates.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.2 Collateral Term Sheets.
filed on Form SE dated November 13, 1998.
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/ Anne Mulligan
Name: Anne Mulligan
Title: Vice President
Dated: November 13, 1998
Exhibit Index
Exhibit Page
99.2 Collateral Term Sheets
filed on Form SE dated November 13, 1998.
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
November 13, 1998
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Financial Asset Securities Corp.
Residential Mortgage Loan Trust 1998-1
Certificates
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Ladies and Gentlemen:
On behalf of Financial Asset Securities Corp. (the "Company"), we
enclose herewith for filing, pursuant to the Securities and Exchange Act of
1934, as amended, the Company's Current Report on Form 8-K, for Collateral Term
Sheets in connection with the above-referenced transaction.
Very truly yours,
/s/ Edward B. Locke
Edward B. Locke
Enclosure