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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 24, 2000
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Credit Suisse First Boston Mortgage Securities Corp.
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(Exact Name of Registrant as Specified in Charter)
Delaware 333-64351 13-3320910
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
Eleven Madison Avenue
New York, New York 10010
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(Address of Principal Executive
Offices and Zip Code)
Registrant's telephone number, including area code (212) 325-2000
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<PAGE>
Item 5. Other Events
Filing of Collateral Term Sheets.
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In connection with the proposed offering of Credit Suisse First Boston
Mortgage Securities Corp. (the "Company") Bank One Mortgage-Backed
Pass-Through Certificates, Series 2000-2, 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.
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(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
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99 Collateral Term Sheets
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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.
CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP.
By: /s/ Kari Skilbred
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Name: Kari Skilbred
Title: Vice President
Dated: March 24, 2000
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Exhibit Index
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Exhibit Page
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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 2000-2
<PAGE>
<TABLE>
<CAPTION>
BANK ONE
MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES 2000-2
Collateral Term Sheet
KEY COLLATERAL STATISTICS
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GROUP 1 GROUP 2 GROUP 3 GROUP 4 GROUP 5 GROUP 6 GROUP 7 GROUP 8
Conforming Non-Conforming Conforming Non-Conforming Conforming Non-Conforming Conforming Non-Conforming
1/1 1/1 2/1 2/1 4/1 4/1 7/1 7/1
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Number of Mortgage Loans 1,551 390 740 451 539 469 382 575
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Aggregate Principal 120,143,836 152,682,444 90,918,773 176,778,455 69,133,512 199,208,582 54,547,118 232,139,516
Balance($)
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Average Current 77,462 391,493 122,863 391,970 128,263 424,752 142,794 403,721
Balance($)
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Wtd. Avg Gross Coupon(%) 7.674 7.376 7.204 6.987 7.261 7.136 7.278 7.241
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Net Coupon 7.299 7.002 6.829 6.612 6.886 6.761 6.904 6.866
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Max. Gross Coupon(%) 9.000 9.000 9.000 8.100 9.000 8.200 8.500 8.250
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Minimum Gross Coupon(%) 6.125 6.100 6.100 6.150 6.300 6.200 6.650 6.650
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Wtg. Age. Gross Margin 2.827 2.846 2.932 2.938 2.870 2.842 2.875 2.887
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Wtg. Age Net Margin 2.452 2.471 2.557 2.563 2.495 2.467 2.500 2.512
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Period Rate Adjusted Cap 2.007 2.024 2.000 2.000 2.000 2.000 2.000 2.000
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Wtg Avg Max Rate 12.695 12.431 12.322 12.154 12.309 12.139 12.303 12.272
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Net Avg .Max Rate 12.320 12.056 11.947 11.779 11.934 11.764 11.928 11.897
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Wtd Avg MO to Roll 8 8 25 27 53 52 84 87
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Wtg. Avg. Stated 277 317 320 327 336 342 334 339
Remaining Term(months)
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Wtg. Avg. Seasoning 69 36 33 27 19 16 21 18
(months)
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Wtg. Avg. Current LTV (%) 65.8 67.7 71.9 70.0 77.0 72.1 75.0 72.2
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% Owner Occupied 86.4 88.6 82.4 90.6 86.0 93.2 85.1 91.9
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% Purchase & Rate Term 70.3 70.9 73.9 72.4 78.9 71.3 73.6 75.0
Refi's
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% Single Family 73.5 82.5 67.1 78.6 72.3 78.5 66.5 81.4
Properties
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Wtg. Age. FICO Score 724 722 725 724 718 726 723 725
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IL(38.5%) IL(38.5%) IL(44.2%) IL(47.2%) IL(35.7%) MI(33.8%) IL(36.1%) MI(36.1%)
MI(28.5%) MI(36.1%) MI(26.6%) MI(26.9%) MI(28.8%) IL(32.6%) MI(35.6%) IL(30.5%)
Top 3 States (by
Principal Balance) IN(17.8%) IN(8.7%) IN(13.1%) IN(8.5%) IN(16.8%) IN(11.3%) IN(12.9%) IN(12.5%)
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</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.
