UNITED STATES
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 19, 2007
ACE Securities Corp. (as depositor under a Pooling and Servicing Agreement, dated as of February 1, 2007, providing for, inter alia, the issuance of ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP1 Asset Backed Pass-Through Certificates)
ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP1
(Exact name of issuer as specified in its charter)
ACE Securities Corp.
(Exact name of depositor as specified in its charter)
DB Structured Products, Inc.
(Exact name of sponsor as specified in its charter)
Delaware | 333-131727-26 | 56-2088493 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
6525 Morrison Blvd., Suite 318 Charlotte, North Carolina | 28211 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code, is (704) 365-0569
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Materially Definitive Agreement
Amendment to Mortgage Loan Purchase Agreement
On March 15, 2007, a certain pool of mortgage loans (the “Mortgage Loans”) was sold by DB Structured Products, Inc. (the “Seller”) to ACE Securities Corp. (the “Purchaser”) pursuant to a Mortgage Loan Purchase Agreement, dated as of March 15, 2007 (the “Agreement”), by and between the Purchaser and the Seller, which Agreement was included in an exhibit attached to a Form 8-K filed with the United States Securities & Exchange Commission on April 10, 2007. The Purchaser and the Seller entered into Amendment Number One to the Agreement (the “Amendment”), dated as of April 19, 2007, attached hereto as Exhibit 4.1. The Amendment reflects the addition of certain representations and warranties to the Agreement.
Item 9.01 Financial Statements and Exhibits
| (a) | Not applicable |
| (b) | Not applicable |
| (c) | Exhibits |
Exhibit No. | Description |
| 4.1 | Amendment Number One, dated as of April 19, 2007, to the Mortgage Loan Purchase Agreement, dated as of March 15, 2007, by and between DB Structured Products, Inc., as seller, and ACE Securities Corp., as purchaser. |
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.
Dated: April 19, 2007
ACE SECURITIES CORP.
By: /s/ Evelyn Echevarria
Name: Evelyn Echevarria
Title: Vice President
By: /s/ Doris J. Hearn
Name: Doris J. Hearn
Title: Vice President
Index to Exhibits
Exhibit No. | Description | Sequentially Numbered Page |
| 4.1 | Amendment Number One, dated as of April 19, 2007 to the Mortgage Loan Purchase Agreement, dated as of March 15, 2007, by and between DB Structured Products, Inc., as seller, and ACE Securities Corp., as purchaser. | 7 |