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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) August 14, 1998
NATIONSBANC MONTGOMERY FUNDING CORP.
(Exact name of registrant as specified in its charter)
Delaware 333-48879 56-193-0085
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Address of principal executive offices:
NationsBank Corporate Center
Charlotte, NC 28255
Registrant's telephone number, including area code (704) 386-2400
Not applicable
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(Former Name or Former Address, if Changed Since Last Report.)
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Item 5. Other Events.
On or about August 25, 1998, the Registrant will cause the issuance and sale of
approximately $574,720,000 initial principal amount of Mortgage Pass-Through
Certificates, Series 1998-1, consisting of (i) Class A-1, Class A-2, Class A-3,
Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10,
Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class
A-PO, Class R-I, Class R-II, Class B-1, Class B-2, and Class B-3 (the "Offered
Certificates"), and (ii) Class B-4, Class B-5 and Class B-6 pursuant to a
Pooling and Servicing Agreement to be dated August 1, 1998, among the
Registrant, NationsBanc Mortgage Corporation, as master servicer, and Norwest
Bank Minnesota, National Association, as trustee.
In connection with the sale of the Offered Certificates, the Registrant
has been advised by NationsBanc Montgomery Securities LLC (the "Underwriter"),
that the Underwriter has furnished to prospective investors certain
computational materials with respect to the Offered Certificates following the
effective date of Registration Statement No. 333-48879, which are being filed as
exhibits to this report.
The computational materials have been provided to the Registrant by the
Underwriter. The information in the computational materials is preliminary and
may be superseded by the final Prospectus Supplement relating to the
certificates and by any other information subsequently filed with the Securities
and Exchange Commission.
The computational materials were prepared by the Underwriter, based
on assumptions that differ from the assumptions set forth in the Prospectus
Supplement. The computational materials may not include, and do not purport to
include, information based on assumptions representing a complete set of
possible scenarios.
In addition, the actual characteristics and performance of the
mortgage loans underlying the Offered Certificates (the "Mortgage Loans") may
differ from the assumptions used in the computational materials, which are
hypothetical in nature and which were provided to investors only to give a
general sense of how the yield, average life, duration, expected maturity,
interest rate sensitivity and cash flow characteristics of a particular class of
Offered Certificates might vary under varying prepayment and other scenarios.
Any difference between such assumptions and the actual characteristics and
performance of the Mortgage Loans will affect the actual yield, average life,
duration, expected maturity, interest rate sensitivity and cash flow
characteristics of the Offered Certificates.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1* Computational Materials
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* In accordance with Rule 311 of Regulation S-T, this exhibit is being
filed in paper under cover of Form SE.
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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.
NATIONSBANC MONTGOMERY FUNDING CORP.
By: /s/ Robert J. Perret
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Name: Robert J. Perret
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Its: Senior Vice President
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Dated: August 14, 1998
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NATIONSBANC MONTGOMERY FUNDING CORP.
EXHIBIT INDEX
Sequentially
Exhibit No Exhibit Description Numbered Page
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99.1* Computational Materials
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* In accordance with Rule 311 of Regulation S-T, this exhibit is being
filed in paper under cover of Form SE.
