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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 23, 1999
BEAR STEARNS ASSET BACKED SECURITIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-9532 13-3836437
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
245 Park Avenue
New York, New York
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(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code (212) 272-4095
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<PAGE>
Item 5. Other Events. None.
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Item 7. Financial Statements and Exhibits.
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Information and Exhibits.
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(a) Financial Statements of businesses acquired.
Not applicable.
(b) Pro Forma financial information.
Not applicable.
(c) Exhibit No. Description
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25 Form T-1 Statement of Eligibility under the Trust
Indenture Act of 1939, as amended. (Certain
exhibits to Form T-1 are incorporated by reference
herein).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BEAR STEARNS ASSET BACKED SECURITIES, INC.
By:/s/ Matthew Perkins
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Name: Matthew Perkins
Title: Managing Director
Dated: March 23, 1999
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Exhibit Index
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Exhibit Page
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25 Form T-1..............................................................5
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM T-1
Statement of Eligibility and Qualification Under the
Trust Indenture Act of 1939 of a Corporation
Designated to Act as Trustee
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
United States 41-0417860
(State of Incorporation) (I.R.S. Employer
Identification No.)
U.S. Bank Trust Center
180 East Fifth Street
St. Paul, Minnesota 55101
(Address of Principal Executive Offices) (Zip Code)
United National Home Loan Owner Trust 1999-1
(Exact name of registrant as
specified in its charter)
Delaware Applied For
(State of Incorporation) (I.R.S. Employer
Identification No.)
1100 N. Market St.
Wilmington, DE 19890
(Address of Principal Executive Offices) (Zip Code)
United National Home Loan Owner Trust 1999-1
(Title of the Indenture Securities)
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GENERAL
1. General Information Furnish the following information as to the
Trustee.
(a) Name and address of each examining or supervising authority
to which it is subject.
Comptroller of the Currency
Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes
2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS If the obligor
or any underwriter for the obligor is an affiliate of the Trustee,
describe each such affiliation.
None
See Note following Item 16.
Items 3-15 are not applicable because to the best of the Trustee's
knowledge the obligor is not in default under any Indenture for which the
Trustee acts as Trustee.
16. LIST OF EXHIBITS List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. Copy of Articles of Association.*
2. Copy of Certificate of Authority to Commence Business.*
3. Authorization of the Trustee to exercise corporate trust powers
(included in Exhibits 1 and 2; no separate instrument).*
4. Copy of existing By-Laws.*
5. Copy of each Indenture referred to in Item 4. N/A.
6. The consents of the Trustee required by Section 321(b) of the act.
7. Copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining authority
incorporated by reference to File Number 333-56865.
*Incorporated by reference to File Number 333-30939.
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NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners
of 10% or more of the voting securities of the obligors or affiliates, are
based upon information furnished to the Trustee by the obligors, While the
Trustee has no reason to doubt the accuracy of any such information, it cannot
accept any responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, U.S. Bank National Association, an Association organized and existing
under the laws of the United States, has duly caused this statement of
eligibility and qualification to be signed on its behalf by the undersigned,
thereunto duly authorized, and its seal to be hereunto affixed and attested,
all in the City of Saint Paul and State of Minnesota on the 21st day of March,
1999.
U.S. BANK NATIONAL ASSOCIATION
/s/ Richard H. Prokosch
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Richard H. Prokosch
Assistant Vice President
/s/ Donna L. Nordstrom
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Donna L. Nordstrom
Assistant Vice President
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EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports
of examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and
Exchange Commission upon its request therefor.
Dated: March 19, 1999
U.S. BANK NATIONAL ASSOCIATION
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Richard H. Prokosch
Assistant Vice President
