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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 30, 1998
FINANCIAL ASSET SECURITIES CORP.
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C> <C>
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.
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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 City Capital Home Loan Trust 1998-4 Asset Backed Notes.
In connection with the offering of the City Capital Home Loan Trust
1998-4 Asset Backed Notes, Greenwich Capital Markets, Inc.( "Greenwich
Capital"), as the underwriter of the Asset Backed Notes, 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 Home 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 Notes, any of the following: yield; average life; duration; expected
maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Home 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 99.42 hereto, are filed on Form SE dated November
30, 1998.
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* 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 23, 1998, of Financial Asset Securities
Corp., relating to its City Capital Home Loan Trust 1998-4 Asset Backed Notes.
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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) Exhibits:
99.4 Collateral Term Sheets.
filed on Form SE dated November 30, 1998.
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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/ John Paul Graham
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Name: John Paul Graham
Title: Vice President
Dated: November 30, 1998
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Exhibit Index
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Exhibit Page
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99.4 Collateral Term Sheets filed on Form SE dated November 30,
1998.
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BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
November 30 1998
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.
City Capital Home Loan Trust 1998-4
Asset Backed Notes, Series 1998-4
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
