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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 29, 1998
HEADLANDS MORTGAGE SECURITIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-46019 68-0397342
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) 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 Derived Materials.
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In connection with the offering of Headlands Mortgage Securities
Inc., Mortgage Pass-Through Certificates, Series 1998-1 (the "Certificates"),
Donaldson, Lufkin & Jenrette Securities Corporation, as underwriter of the
Certificates (the "Underwriter"), has prepared certain materials (the "Derived
Materials") for distribution to its potential investors. Although Headlands
Mortgage Securities Inc. (the "Company") provided the Underwriter with certain
information regarding the characteristics of the Mortgage Loans (the "Loans")
in the related portfolio, it did not participate in the preparation of the
Derived Materials. Concurrently with the filing hereof, pursuant to Rule 202
of Regulation S-T, the Company is filing the Derived Materials by paper filing
on Form SE in reliance on a continuing hardship exemption.
For purposes of this Form 8-K, Derived 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 Derived Materials are
attached hereto as Exhibit 99.1.
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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) Exhibits:
99.1 Derived Materials
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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.
HEADLANDS MORTGAGE SECURITIES INC.
By: /s/ Kristen Decker
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Name: Kristen Decker
Title: Vice President
Dated: October 28, 1998
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Exhibit Index
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Exhibit Page
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99.1 Derived Materials......................................6
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EXHIBIT 99.1
In accordance with 202 of Regulation S-T, the Derived Materials are being
filed on paper pursuant to Form SE in reliance on a continuing hardship
exemption.
