- ------------------------------------------------------------------------------
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 22, 2000
--------------
Credit Suisse First Boston Mortgage Securities Corp.
-------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 333-64351 13-3320910
- ---------------------------- ------------- -------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
Eleven Madison Avenue
New York, New York 10010
(Address of Principal Executive
Offices and Zip Code)
Registrant's telephone number, including area code (212) 325-2000
------------------
- ------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events
- ---- ------------
Filing of Collateral Term Sheets.
- --------------------------------
In connection with the proposed offering of Credit Suisse First Boston
Mortgage Securities Corp. (the "Company") Bank One Mortgage-Backed
Pass-Through Certificates, Series 2000-1, Credit Suisse First Boston
Corporation (the "Underwriter"), has prepared certain materials (the
"Collateral Term Sheets") for distribution to its potential investors.
Although the Company provided the Underwriter with certain information
regarding the characteristics of the mortgage loans in the related portfolio,
it did not participate in the preparation of the Collateral Term Sheets.
The Collateral Term Sheets are attached hereto as Exhibit 99. These
Collateral Term Sheets supersede any prior collateral information which may
have been previously filed with the Securities and Exchange Commission.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
- ------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
The following is filed herewith. The exhibit number corresponds with Item
601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99 Collateral Term Sheets
<PAGE>
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.
CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP.
By: /s/ Kari Skilbred
-----------------------
Name: Kari Skilbred
Title: Vice President
Dated: March 22, 2000
<PAGE>
Exhibit Index
-------------
Exhibit Page
- ------- ----
99. Collateral Term Sheets 6
<PAGE>
IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THESE
COLLATERAL TERM SHEETS ARE BEING FILED IN PAPER PURSUANT TO A
CONTINUING HARDSHIP EXEMPTION.
EXHIBIT 99
COLLATERAL TERM SHEETS
for
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
Mortgage-Backed Pass-Through Certificates, Series 2000-1
<PAGE>
CREDIT SUISSE FIRST BOSTON MORTGAGE securities corp
MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES 2000-1
- ------------------------------------------------------------------------------
March 20, 2000
COLLATERAL TERM SHEET
$630,000,000 (Approximate)
Credit Suisse First Boston Mortgage Securities Corp.
Mortgage-Backed Pass-Through Certificates
Series 2000-1
Credit Suisse First Boston Mortgage Securities Corp.
Depositor
Bank One, National Association
Seller
Bank One, National Association
Servicer
HomeSide Mortgage Corporation
Servicer
CUT-OFF DATE: March 1, 2000
CLOSING/SETTLEMENT DATE: March 31, 2000
DISTRIBUTION DATE: Monthly on the 15th or next business day
TRUSTEE: LaSalle Bank
LEAD UNDERWRITER: Credit Suisse First Boston Corporation
- ------------------------------------------------------------------------------
This information is being provided in response to your specific request for
information. The information has been prepared and furnished to you solely by
CREDIT SUISSE FIRST BOSTON CORPORATION (CSFBC) and not the issuer of the
Securities or any of its affiliates. The preliminary description of the
underlying assets has not been independently verified by CSFBC. CSFBC is not
acting as agent for the issuer or its affiliates in connection with the
proposed transaction. All information contained herein is preliminary, limited
in nature and subject to completion or amendment. CSFBC makes not
representations that the above referenced security will actually perform as
described in any scenario. The above analysis alone is not intended to be a
prospectus and any investment decision with respect to the security should be
made by you based solely upon the information contained in the final
prospectus. Under no circumstances shall the information presented constitute
an offer to sell or solicitation of an offer to buy nor shall there be any
sale of securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities.
[GRAPHIC OMITTED]
<PAGE>
CREDIT SUISSE FIRST BOSTON MORTGAGE securities corp
MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES 2000-1
- ------------------------------------------------------------------------------
Collateral Term Sheet
KEY COLLATERAL STATISTICS
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
GROUP 1 GROUP 2 GROUP 3 GROUP 4 GROUP 5 GROUP 6
Conforming Non-Conforming Conforming Non-Conforming Conforming Non-Conforming
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Number of Mortgage
Loans 416 543 606 733 552 92
- -------------------------------------------------------------------------------------------------------------------
Aggregate
Principal Balance
($) 39,591,228 204,747,046 71,287,612 272,225,441 27,901,135 35,169,005
- -------------------------------------------------------------------------------------------------------------------
Average Current
Balance ($) 95,171 377,066 117,636 371,385 50,546 382,272
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
Gross Coupon (%) 6.617 6.604 6.955 6.920 7.841 7.756
- -------------------------------------------------------------------------------------------------------------------
Maximum Gross
Coupon (%) 6.750 6.750 7.250 7.250 9.250 9.000
- -------------------------------------------------------------------------------------------------------------------
Minimum Gross
Coupon (%) 6.250 6.250 6.775 6.775 7.300 7.300
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
Original Term
(months) 174 177 175 177 177 177
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
Stated Remaining
Term (months) 146 160 148 156 131 165
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
Seasoning (months) 28 17 27 21 45 13
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
Original LTV (%) 67.7 66.2 67.9 67.6 70.3 71.2
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
Current LTV (%) 58.8 61.5 60.1 61.9 57.1 67.5
- -------------------------------------------------------------------------------------------------------------------
% Owner Occupied 87.5 93.0 85.6 91.6 66.0 78.8
- -------------------------------------------------------------------------------------------------------------------
% Purchase &Rate
Term Refi's 71.2 68.6 64.8 65.3 67.6 68.0
- -------------------------------------------------------------------------------------------------------------------
% Single Family
Properties 72.2 81.4 73.4 83.7 73.4 75.8
- -------------------------------------------------------------------------------------------------------------------
Weighted Average
FICO Score 722 732 729 733 707 712
- -------------------------------------------------------------------------------------------------------------------
Top 3 States (by IL(46.7%) IL(49.8%) IL(39.8%) IL(39.9%) MI(34.3%) MI(34.8%)
Unpaid Principal MI(33.4%) MI(31.1%) MI(34.7%) MI(34.8%) IN(27.6%) IL(19.2%)
Balance) IN(12.1%) IN(9.3%) IN(17.4%) IN(14.3%) IL(23.3%) IN(13.6%)
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
- ------------------------------------------------------------------------------
This information is being provided in response to your specific request for
information. The information has been prepared and furnished to you solely by
CREDIT SUISSE FIRST BOSTON CORPORATION (CSFBC) and not the issuer of the
Securities or any of its affiliates. The preliminary description of the
underlying assets has not been independently verified by CSFBC. CSFBC is not
acting as agent for the issuer or its affiliates in connection with the
proposed transaction. All information contained herein is preliminary, limited
in nature and subject to completion or amendment. CSFBC makes not
representations that the above referenced security will actually perform as
described in any scenario. The above analysis alone is not intended to be a
prospectus and any investment decision with respect to the security should be
made by you based solely upon the information contained in the final
prospectus. Under no circumstances shall the information presented constitute
an offer to sell or solicitation of an offer to buy nor shall there be any
sale of securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities.
[GRAPHIC OMITTED]
