Via EDGAR Transmission
04/27/00
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) April 27, 2000
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
(Depositor)
(Exact name of registrant as specified in its charter)
on behalf of
BCMSC Trust Series 2000-A
Delaware 333-40113 03-0355080
(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1600 Mountain View Drive, Colchester, Vermont 05446
(Address of principal executive offices) (ZIP code)
Registrant's telephone number, including area code: (802) 654-7200
Page 1 of 5
Exhibit Index Appears on Page 3
<PAGE>
Item 5. Other Event
Reference is made to the Prospectus Supplement dated January 24, 2000
relating to the offering of
Bombardier Capital Mortgage Securitization Corporation Senior/Subordinated
Pass-Through Certificates,
Series 2000-A. Further reference is made to the table appearing on
Page S-45 of such Prospectus
Supplement under the heading "Delinquency Experience" with respect to the
portfolio of manufactured
housing installment sales contracts and mortgages serviced by Bombardier
Capital Inc. Attached hereto
as Exhibit 99.1 is a restatement of the statistical information appearing
in such table with regard to
delinquencies as of December 31, 1999. This revised statistical data
reflects a strict application of
Bombardier Capital Inc.'s policy for reporting delinquencies in order to
conform such application to
that used for the prior dates reported in such table.
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Restated December 31, 1999 Delinquency Information
<PAGE>
Exhibit No. 99.1
Delinquency Experience
(Dollars in thousands)
<TABLE>
<CAPTION>
<S> <C>
31-Dec
1999
Principal Balance of Assets
Outstanding(1) $1,706,815
Principal Balance of Delinquent
Assets(2)
30-59 days past due $109,981
60-89 days past due $38,643
90 days or more past due $69,709
Total Delinquency
Dollars $218,333
Percentage(3) 12.79%
</TABLE>
(1) Includes contracts already in repossession and mortgage loans already
in foreclosure.
(2) The period of a delinquency is based on the number of days payments are
contractually past due (assuming
30-day months). Consequently, payments on a contract or mortgage loan due on
the first day of the month is not
30 days delinquent until the first day of the next month.
(3) As a percentage of the principal balance of contracts and mortgage
loans outstanding at month end.
<PAGE>
SIGNATURE
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, thereunto duly authorized on the date indicated.
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
BY: /s/ Blaine Filthaut
Name: Blaine Filthaut
Title: Treasurer
Dated: April 27, 2000
