<PAGE>
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: November 27, 1995
(Date of earliest event reported)
Commission File No. 33-99612
CS First Boston Mortgage Securities Corp.
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Delaware 13-3320910
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(State of Incorporation) (I.R.S. Employer Identification No.)
Park Avenue Plaza, 55 East 52nd Street, New York, New York 10055
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Address of principal executive offices (Zip Code)
(212) 909-3512
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of
Index to Exhibits is on Page 5
<PAGE>
ITEM 5. Other Events
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Attached as an exhibit are the Collateral Term Sheets (as
defined in the no-action letter dated February 17, 1995 issued by the Securities
and Exchange Commission to the Public Securities Association) prepared by CS
First Boston Mortgage Securities Corp., which are hereby filed pursuant to such
letter.
2
<PAGE>
ITEM 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Collateral Term Sheets prepared by CS First
Boston Mortgage Securities Corp. in connection
with CS First Boston Mortgage Securities Corp.,
Adjustable Rate Conduit Mortgage Pass-Through
Certificates, Series 1995-1
3
<PAGE>
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.
CS FIRST BOSTON MORTGAGE SECURITIES CORP.
November 22, 1995
/s/ William S. Pitofsky
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William S. Pitofsky
Director
4
<PAGE>
INDEX TO EXHIBITS
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<TABLE>
<CAPTION>
Exhibit No. Description Page
- ----------- ----------- ----
<S> <C> <C>
(99) Collateral Term Sheets prepared by CS First 6
Boston Mortgage Securities Corp. in connection
with CS First Boston Mortgage Securities Corp.,
Adjustable Rate Conduit Mortgage Pass-Through
Certificates, Series 1995-1
</TABLE>
5
<PAGE>
<TABLE>
EXHIBIT 99
FBM 95-1--COMPUTATION MATERIALS
BOND SUMMARY
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<CAPTION>
PREPAYMENT SPEED 0.0 CPR 12.0 CPR 15.0 CPR 18.0 CPR 21.0 CPR 24.0 CPR 30.0 CPR
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<S> <C> <C> <C> <C> <C> <C> <C>
Average Life to RTC
Maturity(1) 4.68 yr 3.33 yr 3.04 yr 2.77 yr 2.52 yr 2.29 yr 1.89 yr
Average Life to RTC
Call(2) 4.68 yr 2.67 yr 2.32 yr 2.00 yr 1.78 yr 1.61 yr 1.31 yr
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</TABLE>
(1) Underlying RTC securities are run to maturity
(2) Underlying RTC securities are run to 25% clean-up call
Note: All average lives reflect Auction Call on offered securities at 5 years.
The payment window is 2/96 to 11/00 under all scenarios
A. SUMMARY OF ASSUMED COLLATERAL CHARACTERISTICS
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<TABLE>
<CAPTION>
DEL %
-------------------
CREDIT
ENHANCEMENT FORM OF CREDIT
DEAL TRANCHE OCTOBER PAR INDEX 30 60 90 FC % ENHANCEMENT
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9201 A1 10,252,851 CMT 4.33 1.57 1.28 4.87 54.04 Subordination & Reserve Fund
9210 A5 16,917,801 CMT 2.25 0.75 0.34 1.58 20.41 Subordination & Reserve Fund
9211 A2 134,628,699 CMT 2.32 0.66 1.37 2.89 13.25 Subordination & Reserve Fund
9212 A3 131,613,838 CMT 1.91 0.72 0.17 2.22 15.21 Subordination & Reserve Fund
9214 A4 7,493,837 CMT 2.80 0.56 0.26 1.94 23.54 Subordination & Reserve Fund
9214 A5 48,844,557 CMT 2.80 0.56 0.26 1.94 23.54 Subordination & Reserve Fund
9215 A4 87,014,992 CMT 2.76 0.42 1.13 3.44 17.15 Reserve Fund
9216 A4 79,730,598 CMT 1.16 0.17 1.73 7.18 11.99 Subordination & Reserve Fund
9204 A2 153,910,435 CMT
9206 A3 126,396,503 CMT 2.40 0.79 0.31 4.19 30.58 Subordination & Reserve Fund
9207 A3 39,672,584 CMT 4.03 1.10 0.74 7.12 27.34 Reserve Fund
9208 A3 78,995,378 CMT 3.77 1.24 1.34 3.75 24.51 Subordination & Reserve Fund
9209 A4 115,436,061 CMT
9303 A7 55,288,596 CMT
9401 A3 13,569,201 CMT 4.52 1.44 2.05 3.07 14.31 Subordination & Reserve Fund
9401 A4 3,184,209 CMT 4.52 1.44 2.05 3.07 14.31 Subordination & Reserve Fund
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Subtotal (CMT) 1,102,950,139
9210 A2 38,574,216 COFI 2.25 0.75 0.34 1.58 20.41 Subordination & Reserve Fund
9210 A3 60,207,408 COFI 2.25 0.75 0.34 1.58 20.41 Subordination & Reserve Fund
9211 A4 7,222,211 COFI 2.32 0.66 1.37 2.89 13.25 Subordination & Reserve Fund
9215 A6 7,349,124 COFI 2.76 0.42 1.13 3.44 17.15 Reserve Fund
9216 A5 85,990,462 COFI 1.16 0.17 1.73 7.18 11.99 Subordination & Reserve Fund
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Subtotal (COFI) 199,343,421
=============
TOTAL 1,302,293,560
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</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by CS First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. CS First Boston makes no representations
that the above referenced security will actually perform as described in any
scenario presented.
1
<PAGE>
FBM 95-1--COMPUTATIONAL MATERIALS
B. SUMMARY OF ASSUMED COLLATERAL CHARACTERISTICS
<TABLE>
<CAPTION>
NET CREDIT
TRANCHE OCTOBER GROSS GROSS BOND PERIODIC LIFE REMAIN EMCHANCEMENT
DEAL # PAR INDEX COUPON MARGIN COUPON CAP CAP TERM SEASONING %
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9201 A1 10,252,851 CMT 8.6 2.8 7.7 1.9 13.2 20.4 7.0 54.04
9210 A5 16,917,801 CMT 8.5 2.8 7.3 2.0 13.7 20.1 9.8 20.41
9211 A2 134,628,699 CMT 8.4 2.7 7.6 2.0 14.8 20.9 8.5 13.25
9212 A3 131,613,838 CMT 8.6 2.8 7.8 1.9 13.8 20.4 3.2 15.21
9214 A4 7,493,837 CMT 8.4 2.7 7.8 1.9 13.5 20.6 8.7 23.54
9214 A5 48,844,557 CMT 8.5 2.8 7.8 1.6 14.4 19.0 9.7 23.54
9215 A4 87,014,992 CMT 8.3 2.6 7.7 1.8 14.4 18.5 9.3 17.15
9216 A4 79,730,598 CMT 8.6 2.9 7.7 2.0 13.7 23.3 6.4 11.99
9204 A2 153,910,435 CMT 8.4 2.8 7.6 2.0 13.8 21.0 4.0
9206 A3 126,396,503 CMT 8.5 2.6 7.8 1.8 13.6 21.0 8.1 30.58
9207 A3 39,672,584 CMT 8.5 2.7 7.5 0.0 13.6 25.9 3.9 27.34
9208 A3 78,995,378 CMT 8.5 2.8 7.7 1.9 13.4 20.7 3.3 24.51
9209 A4 115,436,061 CMT 8.5 2.7 7.6 2.0 13.4 21.6 3.2
9303 A7 55,288,596 CMT 8.4 2.6 8.0 2.0 14.5 20.3 8.9
9401 A3 13,569,201 CMT 8.5 2.8 8.1 2.0 13.9 22.2 7.1 14.31
9401 A4 3,184,209 CMT 8.6 2.6 8.2 2.0 14.4 22.4 7.2 14.31
1,102,950,139 8.5 2.7 7.7 1.9 13.9 21.0 6.1
9210 A2 38,574,216 COFI 7.6 2.4 7.0 1.3 12.9 21.2 8.7 20.41
9210 A3 60,207,408 COFI 7.0 2.4 6.4 1.8 11.8 21.6 8.1 20.41
9211 A4 7,222,211 COFI 7.7 2.8 6.8 0.9 14.4 22.6 7.2 13.25
9215 A6 7,349,124 COFI 7.1 2.3 6.3 1.3 13.0 21.0 8.5 17.15
9216 A5 85,990,462 COFI 7.6 2.5 7.2 5.2 13.4 23.7 6.2 11.99
199,343,421 7.4 2.5 6.8 3.1 12.8 22.4 7.4
TOTAL 1,302,293,560 8.3 2.7 7.6 2.0 13.8 21.2 6.3
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</TABLE>
Underlying deals have a 25% auction call and/or a 10% clean-up call.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has
been provided by the issuer and has act been independently verified by CS
First Boston. All information described above is preliminary, limited in
nature and subject to completion or amendment. CS First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
2
