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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): November 5, 1999
BEAR STEARNS ASSET BACKED SECURITIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-83541 13-3836437
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
245 Park Avenue
New York, New York 10167
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 272-4095
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Item 5. Other Events.
Filing of Computational Materials
In connection with the proposed offering of the GMACM Home Equity
Loan Trust 1999-2 Home Equity Loan-Backed Term Notes, Series 1999-2 (the "Term
Notes"), Bear, Stearns & Co. Inc., as representative of the underwriters (the
"Representative"), has prepared certain materials (the "Series Term Sheet"
including the "Computational Materials") for distribution to potential
investors. Although Bear Stearns Asset Backed Securities, Inc. (the "Company")
provided the Representative with certain information regarding the
characteristics of the mortgage loans (the "Home Equity Loans") in the related
portfolio, the Company did not participate in the preparation of the
Computational Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to the Notes,
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 Series Term
Sheet including Computational Materials listed as Exhibit 99.1 hereto is filed
on Form SE dated November 5, 1999.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Series Term Sheet including Computational Materials, filed
on Form SE dated November 5, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
BEAR STEARNS ASSET BACKED
SECURITIES, INC.
By: /s/ Jonathan Lieberman
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Jonathan Lieberman
Authorized Signatory
Dated: November 5, 1999
Exhibit Index
Exhibit
99.1 Series Term Sheet including Computational Materials, filed
on Form SE dated November 5, 1999
Exhibit 99.1
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
November 5, 1999
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Bear Stearns Asset Backed Securities, Inc.
GMACM Home Equity Loan Trust 1999-2
Loan-Backed Term Notes, Series 1999-2
Ladies and Gentlemen:
On behalf of Bear Stearns Asset Backed Securities, Inc. (the
"Company"), we enclose herewith for filing, pursuant to the Securities and
Exchange Act of 1934, as amended, the Company's Current Report on Form 8-K,
for the Series Term Sheet including Computational Materials in connection with
the above-referenced transaction.
Very truly yours,
/s/ David Harrison
David Harrison
Enclosure
