- -------------------------------------------------------------------------------
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 9, 1998
FINANCIAL ASSET SECURITIES CORP.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-44067 06-1442101
- ------------------------------- ----------------- -----------------------
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
600 Steamboat Road Greenwich,
Connecticut 06830
- ----------------------------------- -------------------
(Address of Principal Executive (Zip Code)
Offices)
Registrant's telephone number, including area code (203) 622-2700
- ------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
- ------ ------------
Filing of Computational Materials
- ---------------------------------
In connection with the proposed offering of the Ocwen Mortgage Loan Trust
1998-OAC1 Asset Backed Notes, Greenwich Capital Markets, Inc., (the
"Underwriter") has prepared certain materials (the "Collateral Term Sheets")
for distribution to their potential investors. Although Financial Asset
Securities Corp. (the "Company") provided the Underwriter with certain
information regarding the characteristics of the mortgage loans in the related
portfolio, the Company did not participate in the preparation of the
Collateral Term Sheets.
The Collateral Term Sheets are attached hereto as Exhibit 99.1. These
Collateral Term Sheets are filed on Form SE dated November 9, 1998 and
supersede any prior collateral information which may have been previously
filed with the Securities and Exchange Commission.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Collateral Term Sheets.
filed on Form SE dated November 9, 1998.
<PAGE>
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
-----------------------
Name: John Paul Graham
Title: Vice President
Dated: November 9, 1998
<PAGE>
Exhibit Index
- -------------
Exhibit Page
- -------
99.1 Collateral Term Sheets filed on Form SE
dated November 9, 1998.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
November 9, 1998
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Financial Asset Securities Corp.
Ocwen Mortgage Loan Trust 1998-OAC1
-----------------------------------
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/ Amber Railley
Amber Railley
Enclosure
