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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): December 14, 2000
BEAR STEARNS ASSET BACKED SECURITIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 333-43278 13-3836437
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
245 PARK AVENUE 10167
NEW YORK, NEW YORK (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (212) 272-4095
No Change
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Incorporation of Certain Documents by Reference
The consolidated financial statements of Ambac Assurance Corporation
and subsidiaries as of December 31, 1999 and December 31, 1998, and for each of
the years in the three-year period ended December 31, 1999, prepared in
accordance with generally accepted accounting principles, included in the Annual
Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with the
Securities and Exchange Commission on March 30, 2000; Commission File Number
1-10777) -- and the unaudited consolidated financial statements of Ambac
Assurance Corporation and subsidiaries as of September 30, 2000 and for the
periods ending September 30, 2000 and September 30, 1999, included in the
Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for the period
ended September 30, 2000 -- which was filed with the Securities and Exchange
Commission on November 13, 2000 -- are hereby incorporated by reference in (i)
this Annual Report on Form 10-K; (ii) the registration statement (No. 333-43278)
of the registrant; and (iii) the prospectus supplement, and shall be deemed to
be part hereof and thereof.
Consents
In connection with the issuance of the ABFS Mortgage Loan Trust 2000-4,
Mortgage Backed Notes, Series 2000-4 (the "Notes"), the registrant is filing
herewith the consent of KPMG LLP ("KPMG") to the use of its name and the
incorporation by reference of its report in the prospectus supplement relating
to the issuance of the Notes. The consent of KPMG is attached hereto as Exhibit
23.1.1.
In connection with the issuance of the ABFS Mortgage Loan Trust 2000-4,
Mortgage Backed Notes, Series 2000-4 (the "Notes"), the registrant is filing
herewith the consent of BDO Seidman LLP ("BDO") to the use of its name and the
incorporation by reference of its report in the prospectus supplement relating
to the issuance of the Notes. The consent of BDO Seidman LLP is attached hereto
as Exhibit 23.1.2.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
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Exhibit No. Description
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23.1.1 Consent of KPMG LLP
23.1.2 Consent of BDO Seidman LLP
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.
BEAR STEARNS ASSET BACKED
SECURITIES, INC.
As Depositor and on behalf of ABFS
Mortgage Loan Trust 2000-4
Registrant
By: /s/ Timothy J. Small
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Name: Timothy J. Small
Title: Executive Vice President/
Assistant Secretary
Dated: December 14, 2000
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EXHIBIT INDEX
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Exhibit No. Description
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23.1.1 Consent of KPMG LLP
23.1.2 Consent of BDO Seidman LLP
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