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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 11, 1998
FINANCIAL ASSET SECURITIES CORP.,
(as depositor under the Servicing Agreement, dated as of
October 1, 1998, relating to the Ocwen Mortgage Loan Trust
1998-OAC1, Asset Backed Notes).
FINANCIAL ASSET SECURITIES CORP.
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(Exact name of registrant as specified in its charter)
Delaware 333-44067 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
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(Address of Principal ------
Executive Offices) (Zip Code)
Registrant's telephone number, including area code (203) 622-2700
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Item 5. Other Events.
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On November 13, 1998 Financial Asset Securities Corp. (the "Company")
is filing a Form T-1 to designate NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION
to act as an elegible 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 1.
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibit:
1. Form T-1
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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/ John Paul Graham
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Name: John Paul Graham
Title: Vice President
Dated: November 13, 1998
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Exhibit Index
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Exhibit Page
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1. Form T-1
