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: November 30, 1998
(Date of earliest event reported)
Commission File No. 333-40113
Bombardier Capital Mortgage Securitization Corporation
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(Exact name of registrant as specified in its charter)
Vermont 03-0355080
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(State of Incorporation) (I.R.S. Employer
Identification No.)
1600 Mountain View Drive, Colchester, VT 05446
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Address of principal executive offices (Zip Code)
(802) 654-7200
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year,
if changed since last report)
Index to Exhibits is on Page 5
ITEM 2. Acquisition or Disposition of Assets; General
On November 30, 1998, Bombardier Capital Mortgage
Securitization Corporation issued its Senior/Subordinated Pass-Through
Certificates, Series 1998-C, such series representing interests in a pool of
fixed rate manufactured housing sales contracts and fixed rate mortgage loans
deposited in the BCMSC Trust 1998-C. Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the prospectus
dated November 23, 1998, as supplemented by the prospectus supplement dated
November 23, 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 the 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-C Pooling and Servicing Agreement,
dated as of November 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
(November 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
November 30, 1998
By: /s/ Jean C. O'Neill
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Name: Jean C. O'Neill
Title: Assistant Secretary
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INDEX TO EXHIBITS
Exhibit No. Description Page
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4.1 Series 1998-C Pooling and Servicing
Agreement, dated as of November 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 (November 1998 Edition).
99 Form of Underwriting Agreement
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