NOMURA ASSET SECURITIES CORP SERIES 1998-D6
8-K, 1998-12-15
ASSET-BACKED SECURITIES
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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 and Exchange Act of 1934


Date of Report:  December 11, 1998          
(Date of earliest event reported)


             Nomura Asset Securities Corporation (Series 1998 - D6)
             ------------------------------------------------------
                (n/k/a CAPCO America Securitization Corporation)
             (Exact name of registrant as specified in its charter)


    Delaware                     33-48481-06                 13-3672336
- ---------------------     ---------------------    -----------------------------

 (State or Other                (Commission               (I.R.S. Employer
 Jurisdiction of                File Number)             Identification No.)
  Incorporation



        Two World Financial Center, Building B, New York, New York 10281
- --------------------------------------------------------------------------------
                      Address of Principal Executive Office



       Registrant's telephone number, including area code: (212) 667-9300



<PAGE>





Item 5.  Other Events.

     Ethan Penner,  who was appointed Chief  Executive  Officer and President of
CCA at its  formation on June 29, 1998,  resigned  that office and was appointed
Vice  Chairman of the Board of Directors of CCA on August 14, 1998.  Mr.  Penner
resigned as Vice Chairman of the Board of Directors on September 16, 1998. Also,
William Wraith,  IV, the co-chief  executive officer and co-president of NHA and
the  chairman of the Board of Directors  of NSI,  and Mark  McGauley,  the chief
operating  officer of NHA, have resigned from those  positions and as members of
the CCA Board of Managers. On November 20, 1998, Boyd Fellows and Brian Pilcher,
CCA's former Co-Chief  Executive  Officers  resigned.  CCA appointed  Michael L.
Hurdelbrink as its new Chief Executive  Officer.  Hurdelbrink was also appointed
President and Chief  Executive  Officer of the Depositor.  On December 11, 1998,
NHA announced that CCA will not undertake any new loan commitments.




<PAGE>

     Pursuant to the  requirements of the Securities Act of 1934, the Registrant
has duly  caused  this  report to be signed on behalf of the  Registrant  by the
undersigned thereunto duly authorized.


                                               CAPCO AMERICA SECURITIZATION
                                               CORPORATION


                                               By /s/ Michael Hurdelbrink
                                                  ------------------------------
                                                  Name:  Michael Hurdelbrink
                                                  Title: President & CEO

Date:  December 14, 1998




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