OPTION ONE MORT LN TR ASSET BACKED CERT SER 1999-3
8-K, 2000-01-26
ASSET-BACKED SECURITIES
Previous: OPTION ONE MORT LN TR ASSET BACKED CERT SER 1999-3, 8-K, 2000-01-26
Next: MCCARTHY GRENACHE INC, 10SB12G/A, 2000-01-26



================================================================================

                       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, as amended


       Date of Report (Date of earliest event reported): January __, 2000


                   OPTION ONE MORTGAGE ACCEPTANCE CORPORATION

            (AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
           DATED AS OF JANUARY 26, 1999, PROVIDING FOR THE ISSUANCE OF
                    ASSET-BACKED CERTIFICATES, SERIES 2000-3)



                   OPTION ONE MORTGAGE ACCEPTANCE CORPORATION
                   ------------------------------------------
             (Exact name of registrant as specified in its charter)
- --------------------------------------------------------------------------------


      Delaware                        333-79091                  33-0727357
- ----------------------------         -----------           -------------------
(State or Other Jurisdiction         (Commission           (I.R.S. Employer
of Incorporation)                    File Number)          Identification No.)


3 Ada Road
Irvine, California                                             92618
 ---------------------                                        ----------
 (Address of Principal                                        (Zip Code)
 Executive Offices)


Registrant's telephone number, including area code, is (949) 790-8100
                                                       --------------


<PAGE>


                                       -2-


Item 5.  Other Events
         ------------

Description of the Certificates and the Mortgage Pool

     As of the date hereof, Option One Mortgage Acceptance Corporation (the
"Registrant") has caused to be filed with the Securities and Exchange Commission
(the "Commission") pursuant to the Commission's Rule 424 a Prospectus Supplement
to its Prospectus, dated January __, 2000, in connection with the Registrant's
issuance of a series of certificates, entitled Option One Mortgage Loan Trust,
Asset-Backed Certificates, Series 2000-1 (the "Certificates"), to be issued
pursuant to a pooling and servicing agreement, dated as of January 1, 2000,
among the Registrant as depositor, Option One Mortgage Corporation as master
servicer and Norwest Bank Minnesota, National Association as trustee. The
Certificates designated as the Series 2000-1 Certificates will represent in the
aggregate the entire beneficial ownership interest in a trust fund (the "Trust
Fund") consisting primarily of a pool (the "Mortgage Pool") of conventional,
one- to four-family, fixed rate and adjustable rate, first lien and second lien
mortgage loans having original terms to maturity up to 30 years (the "Mortgage
Loans").

Computational Materials

     Greenwich Capital Markets, Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials, herein referred to as "Computational Materials",
in written form, which Computational Materials are in the nature of data tables
and term sheet information relating to the Mortgage Loans or other assets of the
Trust Fund, the structure of the Certificates and terms of certain classes of
Certificates, and the hypothetical characteristics and hypothetical performance
of certain classes of Certificates under certain assumptions and scenarios.

     The Computational Materials have been provided by the Underwriter. The
information in the Computational Materials is preliminary and will be superseded
by the Prospectus Supplement relating to the Certificates and by any other
information subsequently filed with the Commission.

     The Computational Materials were prepared by the Underwriter at the request
of certain prospective investors. The Computational Materials may be based on
information that differs from the information set forth in the Prospectus
Supplement.

<PAGE>


                                       -3-




Item 7.  Financial Statements and Exhibits
         ----------------------------------

         (a)     Not applicable

         (b)     Not applicable

         (c)     Exhibits



         Exhibit No.                Description
         -----------                -----------


            99.1            Computational Materials (as defined in Item 5) that
                            have been provided by Greenwich Capital Markets,
                            Inc. to certain prospective purchasers of Option One
                            Mortgage Loan Trust Asset-Backed Certificates,
                            Series 2000-1


<PAGE>


                                       -4-


                                   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 thereunto duly authorized.

Dated:  January 26, 2000

                                        OPTION ONE MORTGAGE ACCEPTANCE
                                        CORPORATION


                                        By: /s/ William L. O'Neill
                                            ---------------------------
                                        Name:   William L. O'Neill
                                        Title:  Treasurer



<PAGE>


                                       -5-


                                Index to Exhibits



                                                                   Sequentially
Exhibit No.                Description                            Numbered Page
- -----------                -----------                            -------------
   99.1          Computational Materials (as defined in Item 5)          P
                 that have been provided by Greenwich Capital
                 Markets, Inc. to certain prospective purchasers of
                 Option One Mortgage Loan Trust Asset-Backed
                 Certificates, Series 2000-1


<PAGE>


                                       -6-

                                  EXHIBIT 99.1

                                 FILED BY PAPER


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission