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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): October 27, 1999
BEAR STEARNS ASSET BACKED SECURITIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-83541 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.
Filing of Computational Materials
In connection with the proposed offering of the GMACM Home Equity
Loan Trust 1999-2 Loan-Backed Term Notes, Series 1999-2 (the "Term Notes"),
Bear, Stearns & Co. Inc., as representative of the underwriters (the
"Representative"), has prepared certain materials (the "Series Term Sheet"
including the "Computational Materials") for distribution to potential
investors. Although Bear Stearns Asset Backed Securities, Inc. (the "Company")
provided the Representative with certain information regarding the
characteristics of the mortgage loans (the "Home Equity Loans") in the related
portfolio, the Company did not participate in the preparation of the
Computational Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to the Notes,
any of the following: yield; average life; duration, expected maturity;
interest rate sensitivity; loss sensitivity; cash flow characteristics;
background information regarding the Mortgage Loans; the proposed structure;
decrement tables; or similar information (tabular or otherwise) of a
statistical, mathematical, tabular or computational nature. The Series Term
Sheet including Computational Materials listed as Exhibit 99.1 hereto is filed
on Form SE dated October 27, 1999.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Series Term Sheet including Computational Materials, filed
on Form SE dated October 27, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
BEAR STEARNS ASSET BACKED
SECURITIES, INC.
By: /s/ Jonathan Lieberman
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Jonathan Lieberman
Authorized Signatory
Dated: October 27, 1999
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Exhibit Index
Exhibit
99.1 Series Term Sheet including Computational Materials, filed
on Form SE dated October 27, 1999
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Exhibit 99.1
