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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): April 9, 1999
BEAR STEARNS ASSET BACKED SECURITIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-9532 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
Filed concurrently herewith under Form SE are certain materials (the
"Computational Materials") furnished to the Registrant by Bear, Stearns & Co.
Inc., (the "Underwriter") in respect of American Residential Eagle Bond Trust
1999-1 Mortgage-Backed LIBOR Notes, Class A, Series 1999-1 (the "Notes"). The
Notes are being offered pursuant to a Prospectus Supplement, dated April 12,
1999, and a Prospectus, dated June 4, 1998 (together, the "Prospectus"), which
are being filed with the Commission pursuant to Rule 424(b) under the Securities
Act of 1933, as amended (the "Act"). The Certificates have been registered
pursuant to the Act under a Registration Statement on Form S-3 (No. 333-9532)
(the "Registration Statement"). The Computational Materials are incorporated by
reference in the Registration Statement.
The Computational Materials were prepared solely by the Underwriter,
and the Registrant did not prepare or participate (other than providing the
background information concerning the underlying pool of assets upon which the
Computational Materials are based to the Underwriter) in the preparation of the
Computational Materials.
Any statements or information contained in the Computational Materials
shall be deemed to be modified or superseded for purposes of the Prospectus and
the Registration Statement by statements or information contained in the
Prospectus.
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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 (P).
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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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Name: Jonathan Lieberman
Title: Managing Director
Dated: April 9, 1999
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Exhibit Index
Exhibit Description
99.1 Computational Materials Page
<PAGE>
Exhibit 99.1 Computational Materials (P)
[To be filed on Form SE pursuant to a
continuing hardship exemption]
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BROWN & WOOD LLP
815 Connecticut Avenue, N.W.
Washington, D.C. 20006-4004
Telephone: (202)-973-0600
Facsimile: (202) 223-0485
April 9, 1999
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Bear Stearns Asset Backed Securities, Inc.
American Residential Eagle Bond Trust 1999-1
Mortgage-Backed LIBOR Notes, Series 1999-1
Ladies and Gentlemen:
On behalf of Bear Stearns Asset Backed Securities, Inc. (the
"Company"), we enclose herewith for filing, pursuant to the Securities and
Exchange Act of 1934, as amended, the Company's Current Report on Form 8-K, for
the Series Term Sheet including Computational Materials in connection with the
above-referenced transaction.
Very truly yours,
/s/ Tim Sadler
Tim Sadler
Enclosure
