CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP
8-K, 1998-06-12
ASSET-BACKED SECURITIES
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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): June 11, 1998



              Credit Suisse First Boston Mortgage Securities Corp.
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

        DELAWARE                   333-51771          13-3320910
- ----------------------------     ------------      ----------------
(STATE OR OTHER JURISDICTION     (COMMISSION)      (I.R.S. EMPLOYER
OF INCORPORATION)                 FILE NUMBER)    IDENTIFICATION NO.)



 11 Madison Avenue, New York, New York                   10010
- ---------------------------------------                ---------
(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)



                        Exhibit Index Located on Page 2


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ITEM 5.         OTHER EVENTS.

                On or about June 26, 1998, the Registrant will cause the
issuance and sale of approximately $2.48 billion initial principal amount of
Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage
Pass-Through Certificates, Series 1998-C1, Class A-1A, A-1B, A-2MF, Class A-X,
Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class I, Class
V-1 and Class V- 2(the "Certificates") pursuant to a Pooling and Servicing
Agreement to be dated as of June 1, 1998, among the Registrant, a servicer to
be determined (the "Servicer"), a special servicer to be determined (the
"Special Servicer") and State Street Bank and Trust Company, as trustee (the
"Trustee"). In connection with the sale of the Class A-1A, Class A-1B, Class
A-2MF, Class A-X, Class B, Class C, Class D and Class E Certificates (the
"Publicly Offered Certificates"), the Registrant has been advised by Credit
Suisse First Boston Corporation and PaineWebber Incorporated (the
"Underwriters"), that the Underwriters have furnished to prospective investors
certain written descriptions of the securities to be offered that set forth the
name of the issuer, the size of the potential offering, the structure of the
offering (e.g. the number of classes, seniority, interest rate) and
miscellaneous similar items (the "Structural Term Sheets") with respect to the
Publicly Offered Certificates following the effective date of Registration
Statement No. 333-51771 but prior to the availability of a final Prospectus
relating to the Publicly Offered Certificates. In connection with the sale of
the Publicly Offered Certificates, the Registrant also has been informed by the
Underwriters that the Underwriters have furnished to prospective investors
certain descriptive information regarding the mortgage loans (the "Mortgage
Loans") underlying the Certificates that set forth the number of Mortgage
Loans, the principal balance of the Mortgage Loans, information regarding the
mortgage rates thereon and miscellaneous similar items (the "Collateral Term
Sheets") following the effective date of Registration Statement No. 333- 51771
but prior to the availability of a final Prospectus relating to the Publicly
Offered Certificates. The Structural Terms Materials and Collateral Term Sheets
are being filed as an exhibit to this report.

        The Structural Term Sheets and Collateral Term Sheets attached hereto
have been provided by the Underwriters. The information in the Structural Term
Sheets and Collateral Term Sheets is preliminary and may be superseded by the
Prospectus Supplement relating to the Publicly Offered Certificates and by any
other information subsequently filed with the Securities and Exchange
Commission.



                                       2

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ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

        List below the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report.

                (a)      Financial Statements of Businesses Acquired.

                         Not applicable

                (b)      Pro Forma Financial Information.

                         Not applicable

                (c)      Exhibits.

                         99.1     Collateral and Structural Term Sheets
                                  prepared by the Underwriters in connection
                                  with the sale of the Publicly Offered
                                  Certificates of the Registrant, filed
                                  pursuant to Rule 202 of Regulation S-T (filed
                                  in paper).




                                       3

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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 thereunto duly authorized.

                               CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES
                               CORP., Registrant



                                  By:   /s/ Allan J. Baum
                                        --------------------
                                  Name:  Allan J. Baum
                                  Title: Vice President



Dated:  June 12, 1998




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                               INDEX OF EXHIBITS




       Exhibit  Description                                              Page
       -------  -----------                                              ----

        99.1    Collateral and Structural Term Sheets prepared by the
                Underwriters in connection with the sale of the
                Publicly Offered Certificates of the Registrant, filed
                pursuant to Rule 202 of Regulation S-T (filed in
                paper).





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