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 20 1997
(Date of earliest event reported)
The WMC Mortgage Loan Pass-Through Certificates, Series 1997-2
issued pursuant to a Pooling and Servicing Agreement dated as of
December 1, 1997 among Credit Suisse First Boston Mortgage Securities Corp.,
WMC Mortgage Corp., as servicer and The First National Bank
of Chicago, as Trustee
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
(Exact name of Registrant as specified in its charter)
Delaware 333-29239
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
11 Madison Avenue
New York, New York 10010-3629
(Zip Code)
Registrant's Telephone Number, Including Area Code: (212) 325-2000
<PAGE>
Item 5. OTHER EVENTS
FILING OF COMPUTATIONAL MATERIALS.
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended,
Credit Suisse First Boston Mortgage Securities Corp. (the "Depositor") is filing
a prospectus and prospectus supplement with the Securities and Exchange
Commission relating to WMC Mortgage Loan Pass-Through Certificates, Series
1997-2.
In connection with the offering of the WMC Mortgage Loan Pass-Through
Certificates, Series 1997-2, Credit Suisse First Boston Corporation prepared
certain materials (the "Computational Materials") which were distributed by
Credit Suisse First Boston Corporation and NationsBanc Montgomery Securities,
Inc. (collectively, the "Underwriters") to their potential investors. WMC
Mortgage Corp. provided the Depositor and the Underwriters with certain
information regarding the characteristics of the mortgage loans in the related
portfolio, and the Depositor did not participate in the preparation of the
Computational Materials. The Computational Materials are attached hereto as
Exhibit 99.1.
<PAGE>
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS.
(c) Exhibits:
EXHIBIT NO.
99.1 Computational Materials of Credit
Suisse First Boston Corporation and
NationsBanc Montgomery Securities, Inc.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
CREDIT SUISSE FIRST BOSTON
MORTGAGE SECURITIES CORP.
By: /S/ NITA S. CHERRY
Name: Nita S. Cherry
Title: Vice President
Dated:
<PAGE>
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
99.1 Computational Materials of Credit Suisse
First Boston Corporation and NationsBanc
Montgomery Securities, Inc.
EXHIBIT 99.1
WMC MORTGAGE LOAN PASS-THROUGH CERTIFICATES, SERIES 1997-2
Assumes constant LIBOR (1M LIBOR = 5.6562%, 6M LIBOR = 5.9062%)
- -------------------------------------------------------
AVAILABLE FUNDS
CAP
- -------------------------------------------------------
1 1/20/98 9.60
2 2/20/98 9.60
3 3/20/98 9.60
4 4/20/98 9.60
5 5/20/98 9.60
6 6/20/98 9.60
7 7/20/98 9.87
8 8/20/98 9.87
9 9/20/98 9.87
10 10/20/98 9.87
11 11/20/98 9.87
12 12/20/98 9.87
13 1/20/99 10.14
14 2/20/99 10.14
15 3/20/99 10.14
16 4/20/99 10.14
17 5/20/99 10.14
18 6/20/99 10.14
19 7/20/99 10.33
20 8/20/99 10.33
21 9/20/99 10.33
22 10/20/99 10.33
23 11/20/99 10.33
24 12/20/99 10.33
25 1/20/00 11.89
26 2/20/00 11.89
27 3/20/00 11.89
28 4/20/00 11.89
29 5/20/00 11.89
30 6/20/00 11.89
31 7/20/00 11.89
32 8/20/00 11.89
33 9/20/00 11.89
34 10/20/00 11.89
35 11/20/00 11.89
36 12/20/00 11.89
37 1/20/01 11.91
38 2/20/01 11.91
39 3/20/01 11.91
40 4/20/01 11.91
- -------------------------------------------------------
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 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. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
WMC MORTGAGE LOAN PASS-THROUGH CERTIFICATES, SERIES 1997-2
Assumes constant LIBOR (1M LIBOR = 5.6562%, 6M LIBOR = 5.9062%)
- -------------------------------------------------------
AVAILABLE FUNDS
CAP
- -------------------------------------------------------
1 1/20/98 9.60
2 2/20/98 9.60
3 3/20/98 9.60
4 4/20/98 9.60
5 5/20/98 9.60
6 6/20/98 9.60
7 7/20/98 9.87
8 8/20/98 9.87
9 9/20/98 9.87
10 10/20/98 9.87
11 11/20/98 9.87
12 12/20/98 9.87
13 1/20/99 10.14
14 2/20/99 10.14
15 3/20/99 10.14
16 4/20/99 10.14
17 5/20/99 10.14
18 6/20/99 10.14
19 7/20/99 10.33
20 8/20/99 10.33
21 9/20/99 10.33
22 10/20/99 10.33
23 11/20/99 10.33
24 12/20/99 10.33
25 1/20/00 11.89
26 2/20/00 11.89
27 3/20/00 11.89
28 4/20/00 11.89
29 5/20/00 11.89
30 6/20/00 11.89
31 7/20/00 11.89
32 8/20/00 11.89
33 9/20/00 11.89
34 10/20/00 11.89
35 11/20/00 11.89
36 12/20/00 11.89
37 1/20/01 11.91
38 2/20/01 11.91
39 3/20/01 11.91
40 4/20/01 11.91
- -------------------------------------------------------
NationsBanc Montgomery Securities, Inc.
- -------------------------------------------------------
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 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. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.