Bear Stearns Asset Backed Securities Inactive
Filed: 25 Mar 03, 12:00am
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 25, 2003
| Delaware | 333-91334 | 13-3836437 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 383 Madison Avenue New York, NY | 10179 |
| (Address of principal executive offices) | Zip Code |
Registrant's telephone, including area code: (212) 272-2000
ITEM 5.Other Events
Filing of Computational Materials
In connection with the proposed offering of the Bear Stearns Asset Backed Securities, Inc., ABFS Mortgage Loan Trust 2003-1, Mortgage Pass-Through Certificates, Series 2003-1 (the “Certificates”), Bear, Stearns & Co. Inc., as the underwriter (the “Underwriter”), has prepared certain materials (the “Computational Materials”) for distribution to its potential investors. Although Bear Stearns Asset Backed Securities, Inc. (the “Company”) provided the Underwriter with certain information regarding the characteristics of the mortgage loans (the “Mortgage 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 the Series 2003-1 term sheet, computer generated tables and/or charts displaying, with respect to the Certificates, 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 Computational Materials are attached hereto as Exhibit 99.1.
ITEM 7.Financial Statements and Exhibits
| (a) (b) (c) | Not applicable. Not applicable. Exhibits: |
| 99.1 | The ABFS Mortgage Loan Trust 2003-1 Computational Materials, filed on Form 8-K dated March 25, 2003 |
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.
Date: March 25, 2003 | BEAR STEARNS ASSET BACKED SECURITIES, INC. By:/S/ JONATHAN LIEBERMAN Name: Jonathan Lieberman Title: Senior Managing Director |
INDEX TO EXHIBITS
| Paper (P) or Exhibit No. | Description | Paper (P) or Electronic (E) |
| (99.1) | The ABFS Mortgage Loan Trust 2003-1 Computational Materials, filed on Form 8-K dated March 25, 2003 | P |