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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) October 28, 1997
HEADLANDS MORTGAGE SECURITIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-32485 68-0397342
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
700 Larkspur Landing Circle
Suite 240
Larkspur, California 94939
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (415) 461-6790
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Item 5. Other Events.
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Filing of Computational Materials.
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In connection with the offering of the Headlands Mortgage Securities
Inc. Mortgage Pass-Through Certificates, Series 1997-5 (the "Certificates"),
Donaldson, Lufkin & Jenrette Securities Corporation (the "Underwriter"), as
underwriter of the Certificates, has separately prepared certain materials
(the "Computational Materials") for distribution to its potential investors.
Although Headlands Mortgage Securities Inc. (the "Registrant") has provided
the Underwriter with certain information regarding the characteristics of the
mortgage loans in the related portfolio (the "Loans"), it did not participate
in the preparation of the Computational Materials. Concurrently with the
filing hereof, pursuant to Rule 202 of Regulation S-T, the Registrant is
filing the Computational Materials by paper filing on Form SE in reliance on
a continuing hardship exemption.
For purposes of this Form 8-K, Computational 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; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise) of
a statistical, mathematical, tabular or computational nature. The
Computational Materials of the Underwriter are attached hereto as Exhibit
99.1.
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:
99.1 Computational Materials of the Underwriter.
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.
HEADLANDS MORTGAGE SECURITIES INC.
By: /s/ Kristen Decker
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Name: Kristen Decker
Title: Vice President
Dated: October 27, 1997
Exhibit Index
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Exhibit Page
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99.1 Computational Materials for 6
Donaldson, Lufkin & Jenrette
Securities Corporation (P)
Exhibit 99.1
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In accordance with Rule 202 of Regulation S-T, the Computational
Materials are being filed on paper pursuant to Form SE pursuant to a
continuing hardship exemption.
