<PAGE>
IN ACCORDANCE WITH RULE 202 OF REGULATION S-T,
THIS REPORT ON FORM 8-K IS BEING FILED
IN PAPER PURSUANT TO A CONTINUING HARDSHIP EXEMPTION
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 21, 1997
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CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
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(Exact name of registrant as specified in charter)
Preferred Credit Corporation(as Seller under
a Pooling and Servicing Agreement dated as of
March 1, 1997 providing for the issuance of the
Preferred Credit Asset-Backed Certificates, Series 1997-1)
Delaware 333-21329 13-3320910
------------------ ----------- -----------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
11 Madison Avenue, New York, New York 10010-3629
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 325-2000
--------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits:
Exhibit No.
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23.1 Consent of Coopers & Lybrand L.L.P., dated as of March 20, 1997.
2
<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 thereunto duly authorized.
Credit Suisse First Boston Mortgage Securities Corp.
----------------------------------------------------
(Registrant)
Date: March 26, 1997 By: /s/ Joy E. Margolies
------------------------
Name: Joy E. Margolies
Title: Vice President
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
23.1 Consent of Coopers & Lybrand L.L.P., dated as of March 20, 1997.
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in this Prospectus Supplement of
our report dated January 22, 1996, on our audits of the consolidated financial
statements of MBIA Insurance Corporation and Subsidiaries as of December 31,
1995 and 1994 and for each of the three years in the period ended December 31,
1995. We also consent to the reference to our firm under the caption "Report of
Experts."
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
March 20, 1997
New York, New York
