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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) December 12, 1996
SOUTHERN PACIFIC SECURED ASSETS CORP. (as seller under a Pooling and Servicing
Agreement dated as of December 1, 1996 providing for, inter alia, the issuance
of Mortgage Loan Asset-Backed Pass-Through Certificates, Series 1996-4)
SOUTHERN PACIFIC SECURED ASSETS CORP.
(Exact name of registrant as specified in its charter)
CALIFORNIA 333-15473 33-0659688
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
One Centerpointe Drive, Suite 500
Suite 500
Lake Oswego, Oregon 97035
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code, is (503) 684-4700
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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
23.3. Consent of Coopers & Lybrand L.L.P., independent auditors of
the Certificate Insurer with respect to Mortgage Loan Asset-Backed Pass-Through
Certificates, Series 1996-4, Class A-1 and Class A-2 Certificates.
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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.
SOUTHERN PACIFIC SECURED ASSETS
CORP.
By: /s/ Gary Palmer
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Name: Gary Palmer
Title: Director
Dated: December 12, 1996
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. We also consent to the reference to our firm under the caption
"Experts."
Coopers & Lybrand L.L.P.
December 11, 1996
New York, New York
