ABN AMRO MORTGAGE CORP
8-K, 1998-12-22
ASSET-BACKED SECURITIES
Previous: NUVEEN TAX EXEMPT UNIT TRUST SERIES 827, 485BPOS, 1998-12-22
Next: SOURCE INFORMATION MANAGEMENT CO, 10QSB, 1998-12-22







<PAGE>

<PAGE>

  ------------------------------------------------------------------------------
                       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) December 22, 1998 
                                                          --------------------

         ABN AMRO MORTGAGE CORPORATION (as depositor under the Pooling and
Servicing Agreement, dated as of December 1, 1998 providing for, inter alia, the
issuance of ABN AMRO Mortgage Corporation Mortgage Pass-Through Certificates
Series 1998-5)


                          ABN AMRO MORTGAGE CORPORATION
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)



                                    Delaware
- --------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

<TABLE>

<S>                                  <C>
             333-57027                               36-3886007 
- ----------------------------------    ------------------------------------------
    (Commission File Number)            (I.R.S. Employer Identification No.)
                                  
</TABLE>

   181 West Madison Street, Chicago, Illinois                         60602    
- --------------------------------------------------------------------------------
   (Address of Principal Executive Offices)                         (Zip Code)


                                 (248) 643-2530
- --------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)




<PAGE>

<PAGE>




Item 5. Other Events.

         On or about December 23, 1998, the Registrant will cause the issuance
and sale of approximately $242,051,698 initial principal amount of Mortgage
Pass-Through Certificates, Series 1998-5 (the "Certificates") pursuant to a
Pooling and Servicing Agreement dated as of December 1, 1998, among ABN AMRO
Mortgage Corporation, as depositor, Chase Bank of Texas, National Association,
as trustee and LaSalle Home Mortgage Corporation, as servicer.

         In connection with the sale of the Series 1998-5 Certificates (the
"Certificates"), the Registrant has been advised by Bear Stearns & Co. Inc.
("Bear Stearns"), that Bear Stearns has furnished to prospective investors
certain yield tables and other computational materials (the "Computational
Materials") with respect to the Certificates following the effective date of
Registration Statement No. 333-57027 which Computational Materials are being
filed as exhibits to this report.

         The Computational Materials have been provided by Bear Stearns. The
information in the Computational Materials is preliminary and may be superseded
by the 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 Bear Stearns at the
request of certain prospective investors, based on assumptions provided by, and
satisfying the special requirements of, such prospective investors. The
Computational Materials may be 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. Accordingly, the
Computational Materials may not be relevant to or appropriate for investors
other than those specifically requesting them.

         In addition, the actual characteristics and performance of the mortgage
loans underlying the Certificates (the "Mortgage Loans") may differ from the
assumptions used in the Computational Materials, which are hypothetical in
nature and which were provided to certain investors only to give a general sense
of how the yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow characteristics of the 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 Certificates.

Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.

<TABLE>

<S>               <C>
(a)               Financial Statements

                  Not applicable.

(b)               Pro Forma Financial Information.

                  Not applicable.

(c)               Exhibits.

</TABLE>

                                       -2-


<PAGE>

<PAGE>


<TABLE>
<CAPTION>

                  Item 601(a) of
                  Regulation S-K
Exhibit  No.      Exhibit No.             Description
- -----------       -----------             -----------
<S>               <C>                    <C>                           
         1                 99            Computational Materials
                                         Computational Materials (as defined in Item 5)
                                         that have been provided by Bear Stearns to certain
                                         prospective purchasers of ABN AMRO Mortgage Corporation
                                         Mortgage Pass Through Certificates Series 1998-5
                                         (filed in paper pursuant to the automatic SEC
                                         exemption pursuant to Release 33-7427, August 7, 1997)

</TABLE>

                                       -3-

<PAGE>

<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 hereunto duly authorized.


                                          ABN AMRO MORTGAGE CORPORATION
                                                  (Registrant)




Dated: December 22, 1998           By:          /s/ Maria Fregosi           
                                      ------------------------------------------
                                   Name:        Maria Fregosi
                                   Title:       Vice President


                                       -4-

<PAGE>

<PAGE>



                                INDEX OF EXHIBITS


<TABLE>
<CAPTION>

                  Item 601(a) of      Sequentially
Exhibit           Regulation S-K      Numbered
Number            Exhibit No.         Description                    Page
- ------            -----------         -----------                    ----
<S>               <C>                 <C>                            <C>

Exhibit 1         99                  Computational Materials        *

</TABLE>


*  Filed in paper pursuant to the automatic SEC exemption pursuant to
   Release 33-7427, August 7, 1997.


                                       -5-



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission