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: March 15, 1999
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(Date of earliest event reported)
CAPCO America Securitization Corporation (Series 1998-D7)
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(Exact name of registrant as specified in its charter)
Delaware 333-22133-01 13-3672336
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
Two World Financial Center, Building B, New York, New York 10281
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(Address of Principal Executive Office)
Registrant's telephone number, including area code: (212) 667-9300
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ITEM 5. OTHER EVENTS.
RECENT DEVELOPMENTS
On March 15, 1999, The Capital Company of America Client Services LLC
(the "CCA Servicer") issued a press release announcing its entry into an
agreement to sell its servicing rights to AMRESCO Services, L.P. ("AMRESCO").
While the CCA Servicer and AMRESCO contemplate closing this transaction at or
near the end of March 1999, there can be no assurance that the transaction will
be consummated on such date or any later date.
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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/ Marlyn Marincas
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Name: Marlyn Marincas
Title: Vice President
Date: March 16, 1999
