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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 19, 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 or 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)
Registrant's telephone number, including area code (800) 669-2300
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Item 5. Other Events.
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Filing of Computational Materials
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Pursuant to Rule 424(b) 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
prospectus supplement with the Securities and Exchange Commission relating to
its Home Equity Loan Asset-Backed Certificates, Series SPMD 1999-A.
In connection with the offering of the Asset-Backed Certificates, Series
SPMD 1999-A, NationsBanc Montgomery Securities LLC ("NationsBanc"), as
underwriter of the Offered Certificates, has prepared certain materials (the
"NationsBanc Computational Materials") for distribution to their potential
investors. Similarly, PaineWebber Incorporated ("PaineWebber"), as underwriter
of the Offered Certificates, has prepared certain materials (the "PaineWebber
Computational Materials") for distribution to their potential investors.
Although the Company provided NationsBanc and PaineWebber with certain
information regarding the characteristics of the Mortgage Loans in the related
portfolio, the Company did not participate in the preparation of the
NationsBanc Computational Materials or the PaineWebber Computational
Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The NationsBanc Computational Materials, which are listed as Exhibit 99.1
hereto and the PaineWebber Computational Materials, which are listed as
Exhibit 99.2 hereto, are filed on Form SE dated March 19, 1999.
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* Capitalized terms used and not otherwise defined herein shall have
the meanings assigned to them in the prospectus and the prospectus supplement
of IndyMac ABS, 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:
99.1 NationsBanc Computational Materials filed on Form SE
dated March 19, 1999.
99.2 PaineWebber Computational Materials filed on Form SE
dated March 19, 1999.
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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 19, 1999
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Exhibit Index
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Exhibit Page
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99.1 NationsBanc Montgomery Securities LLC Computational Materials
filed on Form SE dated March 19, 1999.
99.2 PaineWebber Incorporated Computational Materials filed on
Form SE dated March 19, 1999.
