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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) September 12, 1997
BEAR STEARNS ASSET BACKED SECURITIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-26051 13-3836437
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
245 Park Avenue
New York, New York 10167
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 272-4095
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Item 5. Other Events.
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Filing of Computational Materials.
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In connection with the offering of the Bear Stearns Asset Backed
Securities, Inc. Asset Backed Notes and Asset Backed Certificates, Series
1997-3 (together, the "Securities"), Bear, Stearns & Co. Inc. (the
"Underwriter"), as underwriter of the Securities, has separately prepared
certain materials (the "Computational Materials") for distribution to its
potential investors. Although Bear Stearns Asset Backed Securities, Inc.
(the "Registrant") has provided the Underwriter with certain information
regarding the characteristics of the mortgage loans in the related portfolio
(the "Loans"), it did not participate in the preparation of the Computational
Materials. Concurrently with the filing hereof, pursuant to Rule 202 of
Regulation S-T, the Registrant is filing the Computational Materials by paper
filing on Form SE in reliance on a continuing hardship exemption.
For purposes of this Form 8-K, Computational Materials shall mean
computer generated tables and/or charts displaying, with respect to the
Securities, any of the following: yield; average life; duration; expected
maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise) of
a statistical, mathematical, tabular or computational nature. The
Computational Materials of the Underwriter are attached hereto as Exhibit
99.1.
Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials of the Underwriter.
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: Associate Director
Dated: September 12, 1997
Exhibit Index
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Exhibit Page
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99.1 Computational Materials for 6
Bear, Stearns & Co. Inc. (P)
Exhibit 99.1
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In accordance with Rule 202 of Regulation S-T, the Computational
Materials are being filed on paper pursuant to Form SE pursuant to a
continuing hardship exemption.
