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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: July 21, 1998
(Date of earliest event reported)
Commission File No. 333-40113
Bombardier Capital Mortgage Securitization Corporation
(Exact name of registrant as specified in its charter)
Vermont 03-0355080
(State of Incorporation) (I.R.S. Employer
Identification No.)
1600 Mountain View Drive, Colchester, VT 05446
Address of principal executive offices (Zip Code)
(802) 654-7200
Registrant's Telephone Number, including area code
(Former name, former address and former fiscal year, if changed since last
report)
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Index to Exhibits is on Page 5
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ITEM 2. Acquisition or Disposition of Assets; General
On July 21, 1998, Bombardier Capital Mortgage Securitization
Corporation issued its Senior/Subordinated Pass-Through Certificates, Series
1998-B, such series representing interests in a pool of fixed rate manufactured
housing sales contracts deposited in the BCMSC Trust 1998-B. Capitalized terms
used herein and not otherwise defined shall have the meanings assigned to them
in the prospectus dated July 17, 1998, as supplemented by the prospectus
supplement dated January 17, 1998 (together, the "Prospectus").
The Class A Certificates consist of the Class A Certificates.
The Class M Certificates consist of the Class M-1 Certificates and Class M-2
Certificates. The Class B Certificates consist of the Class B-1 Certificates and
the Class B-2 Certificates. The Class X Certificates consist of the Class X
Certificates. The Class R Certificates consist of the Class R Certificates.
The Class M Certificates, the Class B Certificates, the Class
X Certificates and the Class R Certificates are subordinated to the rights of
the Class A Certificates to the extent described in the Prospectus. The Class
M-1 Certificates are subordinated to the Class A Certificates to the extent
described in the Prospectus. The Class M-2 Certificates are subordinated to the
Class A Certificates and the Class M-1 Certificates to the extent described in
the Prospectus. The Class B-1 Certificates are subordinated to the Class A
Certificates and the Class M Certificates to the extent described in the
Prospectus.
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ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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4.1 Series 1998-B Pooling and Servicing
Agreement, dated as of July 1, 1998, among
Bombardier Capital Mortgage Securitization
Corporation, as Depositor, Bombardier
Capital Inc., as Servicer and Harris Trust and
Savings Bank, as Trustee.
4.2 Standard Terms to Pooling and Servicing
Agreement (July 1998 Edition).
99 Form of Underwriting Agreement.
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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.
BOMBARDIER CAPITAL MORTGAGE
SECURITIZATION CORPORATION
July 21, 1998
By:/s/ Blaine H. Filthaut
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Name: Blaine H. Filthaut
Title: Vice President and Treasurer
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INDEX TO EXHIBITS
Exhibit No. Description
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4.1 Series 1998-B Pooling and Servicing
Agreement, dated as of July 1, 1998, among
Bombardier Capital Mortgage Securitization
Corporation, as Depositor, Bombardier Capital
Inc., as Servicer and Harris Trust and Savings
Bank, as Trustee.
4.2 Standard Terms to Pooling and Servicing
Agreement (July 1998 Edition).
99 Form of Underwriting Agreement.
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