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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)
June 15, 2000
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GREENPOINT MORTGAGE SECURITIES INC., (as sponsor under the Sale and Servicing
Agreement, dated as of June 1, 2000, providing for the issuance of GreenPoint
Home Equity Loan Trust 2000-1 Home Equity Loan Asset-Backed Securities).
GreenPoint Mortgage Securities Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-95349 68-0397342
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification
No.)
700 Larkspur Landing Circle 94939
Suite 240 ------
Larkspur, California (Zip Code)
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(Address of Principal Executive
Offices)
Registrant's telephone number, including area code (415) 925-5442
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
The consolidated financial statements of Ambac Assurance Corporation
and its subsidiaries as of December 31, 1999 and December 31, 1998 and for each
of the years in the three-year period ended December 31, 1999, prepared in
accordance with generally accepted accounting principles, included in the Annual
Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with the
Commission on March 30, 2000 Commission File No. 1-10777) and the unaudited
consolidated financial statements of Ambac Assurance Corporation and its
subsidiaries as of March 31, 2000 and for the periods ending March 31, 2000 and
March 31, 1999, included in the Quarterly Report on Form 10-Q of Ambac Financial
Group, Inc. for the period ended March 31, 2000 (which was filed with the
Commission on May 12, 2000) are incorporated by reference in (i) this Current
Report on Form 8-K; (ii) the Prospectus; (iii) and the Prospectus Supplement for
the issuance of the GreenPoint Home Equity Loan Trust 2000-1 Class A-2 Notes,
and shall be deemed to be part hereof and thereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable.
(c) Exhibits
23.4 Consent of KPMG LLP, dated as of June 15, 2000, in
connection with the consolidated financial
statements of Ambac Assurance Corporation and
Subsidiaries
2
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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.
GREENPOINT MORTGAGE SECURITIES INC.
By: /s/ Kristen Decker
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Name: Kristen Decker
Title: Vice President
Dated: June 27, 2000
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Exhibit Index
Exhibit
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23.4 Consent of KPMG LLP.
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