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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): March 25, 1999
INDYMAC ABS, INC., (as depositor under the Pooling
and Servicing Agreement, dated as of March 1, 1999,
providing for the issuance of the INDYMAC ABS, INC.,
Home Equity Loan Asset-Backed Certificates, Series
SPMD 1999-A).
INDYMAC ABS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-51609 95-4685267
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(State of Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
155 North Lake Avenue
Calabasas, California 91101
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(Address of Principal (Zip Code)
Executive Offices)
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Registrant's telephone number, including area code (818) 225-3240
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Item 5. Other Events.
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Filing of Certain Materials
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Pursuant to Rule 424(b)(5) under the Securities Act of 1933,
concurrently with, or subsequent to, the filing of this Current Report on Form
8-K (the "Form 8-K"), IndyMac ABS, Inc. (the "Company") is filing a prospectus
and a prospectus supplement with the Securities and Exchange Commission (the
"Commission") relating to its Home Equity Laon Asset-Backed Certificates,
Series SPMD 1999-A (the "Certificates").
Incorporation of Certain Documents by Reference
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The consolidated balance sheets of Financial Security Assurance Inc.
and Subsidiaries as of December 31, 1997 and 1996 and the related consolidated
statements of income, changes in shareholder's equity and cash flows for each
of the three years in the period ended December 31, 1997, incorporated by
reference in the prospectus supplement, have been incorporated by reference in
reliance on the report of PricewaterhouseCoopers LLP, independent accountants,
given on the authority of that firm as experts in accounting and auditing.
In connection with the issuance of the Certificates, the Company is
filing herewith the consent of PricewaterhouseCoopers LLP ("PWC") to the use
of their name and the incorporation by reference of their report in
registration statement (No. 333-51609) and in the prospectus supplement
relating to the issuance of the Certificates. The consent of PWC is attached
hereto as Exhibit 23.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated August 21, 1998 and the
prospectus supplement dated March 23, 1999, of CWMBS, Inc., relating to its
Home Equity Loan Asset-Backed Certificates, Series SPMD 1999-A.
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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:
23.1 Consent of PWC
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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.
INDYMAC ABS, INC.
By: /s/ John Kim
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John Kim
Vice President
Dated: March 25, 1999
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Exhibit Index
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Exhibit Page
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23 Consent of PWC 6
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Exhibit 23
Consent of Independent Accountants
We consent to the incorporation by reference in the Prospectus
Supplement of IndyMac, Inc. relating to the Home Equity Loan Asset-Backed
Trust, Series SPMD 1999-A of our report dated January 26, 1998 on our audits
of the consolidated financial statements of Financial Security Assurance Inc.
and Subsidiaries as of December 31, 1997 and 1996, and for each of the three
years in the period ended December 31, 1997. We also consent to the reference
to our Firm under the caption "Experts."
/s/ PricewaterhouseCoopers LLP
New York, New York
March 24, 1999
