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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) September 10, 2004
Financial Asset Securities Corp.
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(Exact name of registrant as specified in its charter)
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Delaware 333-111379 06-1442101
(State or Other Jurisdiction (Commission File (I.R.S. Employer
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of Incorporation) Number) Identification Number)
600 Steamboat Road
Greenwich, Connecticut 06830
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (203) 625-2700
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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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01. Other Events.
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Description of the Certificates and the Mortgage Pool
As of the date hereof, Financial Asset Securities Corp. (the
"Registrant") has caused to be filed with the Securities and Exchange Commission
(the "Commission") pursuant to the Commission's Rule 424 a Prospectus Supplement
to its Prospectus, dated September 10, 2004 in connection with the Registrant's
issuance of a series of certificates, entitled First Franklin Mortgage Loan
Trust 2004-FFH3, Asset-Backed Certificates, Series 2004-FFH3 (the
"Certificates"), to be issued pursuant to a pooling and servicing agreement,
dated as of September 1, 2004, among the Registrant as depositor, Saxon Mortgage
Services, Inc. as servicer and Wells Fargo Bank , N.A. as trustee. The
Certificates designated as the Series 2004-FFH3 Certificates will represent in
the aggregate the entire beneficial ownership interest in a trust fund (the
"Trust Fund") consisting primarily of a pool (the "Mortgage Pool") of
conventional, one- to four-family, fixed rate and adjustable rate, first lien
mortgage loans having original terms to maturity up to 30 years (the "Mortgage
Loans").
Computational Materials
Greenwich Capital Markets, Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials, herein referred to as "Computational Materials",
in written form, which Computational Materials are in the nature of data tables
and term sheet information relating to the Mortgage Loans or other assets of the
Trust Fund, the structure of the Certificates and terms of certain classes of
Certificates, and the hypothetical characteristics and hypothetical performance
of certain classes of Certificates under certain assumptions and scenarios.
The Computational Materials have been provided by the Underwriter. The
information in the Computational Materials is preliminary and will be superseded
by the Prospectus Supplement relating to the Certificates and by any other
information subsequently filed with the Commission.
The Computational Materials were prepared by the Underwriter at the
request of certain prospective investors. The Computational Materials may be
based on information that differs from the information set forth in the
Prospectus Supplement.
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Item 9.01. Financial Statements and Exhibits
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(a) Financial Statements.
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Not applicable.
(b) PRO FORMA Financial Information.
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Not applicable.
(c) Exhibits
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ITEM 601(A) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 99 Computational Materials (as defined in
Item 8.01) that have been provided by
Greenwich Capital Markets, Inc. to certain
prospective purchasers of First Franklin
Mortgage Loan Trust 2004-FFH3,
Asset-Backed Certificates, Series
2004-FFH3 (filed in paper pursuant to the
automatic SEC exemption pursuant to
Release 33-7427, August 7, 1997).
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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: September 16, 2004
FINANCIAL ASSET SECURITIES CORP.
By: /s/ Frank Skibo
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Name: Frank Skibo
Title: Senior Vice President
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Index to Exhibits
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Item 601(a) of
Regulation S-K Sequentially
Exhibit Number Exhibit No. Description Numbered Page
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1 99 Computational Filed Manually
Materials
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