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): March 15, 2007
ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP1
(Exact name of issuing entity 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 Number) | ||
6525 Morrison Blvd., Suite 318, Charlotte, North Carolina | 28211 | |||
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: 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 under the Exchange Act (17 CFR 240.14a-12)
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 Material Definitive Agreement.
Amendment Number One, dated as of February 25, 2008, to the Pooling and Servicing Agreement, dated as of February 1, 2007, by and among ACE Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer and Securities Administrator, Ocwen Loan Servicing, LLC, as Servicer and HSBC Bank USA, National Association, as Trustee.
| Item 9.01 | Financial Statements and Exhibits | |
| (a) | Not applicable | |
| (b) | Not applicable | |
| (c) | Not applicable | |
| (d) | Exhibits | |
Exhibit No. | Description |
| 4.2 | Amendment Number One, dated as of February 25, 2008, to the Pooling and Servicing Agreement, dated as of February 1, 2007, by and among ACE Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer and Securities Administrator, Ocwen Loan Servicing, LLC, as Servicer and HSBC Bank USA, National Association, as Trustee relating to the Series 2007-ASAP1 Certificates. |
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: February 25, 2008
ACE SECURITIES CORP.
By: /s/ Evelyn Echevarria
Name: Evelyn Echevarria
Title: Vice President
By: /s/ Doris Hearn
Name: Doris Hearn
Title: Vice President
Index to Exhibits
Exhibit No. | Description | Sequentially Numbered Page |
| 4.2 | Amendment Number One, dated as of February 25, 2008, to the Pooling and Servicing Agreement, dated as of February 1, 2007, by and among ACE Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer and Securities Administrator, Ocwen Loan Servicing, LLC, as Servicer and HSBC Bank USA, National Association, as Trustee relating to the Series 2007-ASAP1 Certificates. | 6 |