SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment No.1
(Mark One)
/ x / ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2000 or
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File No.: 333-43091-08
`
Bear Stearns Asset-Backed Securities, Inc.
Asset Backed Certificates
Series 2000-2
(Exact name of registrant as specified in its charter)
New York 52-2267473
52-2267474
52-2267475
(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification No.)
organization)
c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code:
(410) 884-2000
Securities to be registered pursuant to Section 12(b) of the Act:
NONE
Securities to be registered pursuant to Section 12(g) of the Act:
NONE
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No ___
This Amendment No.1 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 19, 2001, on behalf of
Bear Stearns Asset Backed Securities, Inc. Series 2000-2 established pursuant
to the Pooling and Servicing Agreement among Bear Stearns Asset Backed
Securities Inc. as Depositor, EMC Mortgage Corp. as Seller and Master Servicer,
and Wells Fargo Bank Minnesota, National Association, as Trustee, pursuant to
which the Bear Stearns Asset Backed Securities Series 2000-2 registered under
the Securities Act of 1933 (the "Certificates") were issued.
Item 14 of the original Form 10K is amended in its entirety to read as follows:
Item 14. Exhibits, Financial Statement Schedules, and Reports
on Form 8-K.
(a) Exhibits
(99.1) Annual Independent Accountants' Servicing Reports
concerning servicing activities for the year ended December
31, 2000.
a) EMC Mortgage Corp. <F1>
(99.2) Report of Management as to Compliance with Minimum
Servicing Standards for the year ended December 31, 2000.
a) EMC Mortgage Corp. <F1>
(99.3) Annual Statements of Compliance under the Pooling and
Servicing Agreements for the year ended December 31, 2000.
a) EMC Mortgage Corp. <F3>
(99.4) Aggregate Statement of Principal and Interest Distributions
to Certificate Holders. <F2>
(b) On November 29, 2000, a report on Form 8-K was filed in
in order to provide the Pooling and Servicing Agreement for
the Certificates.
On December 27, 2000, a report on Form 8-K was filied by the
Company in order to provide the statements for the monthly
distributions to holders of the Certificates.
(c) Not applicable.
(d) Omitted.
<F1> Filed herewith.
<F2> Previously filed.
<F3> Such document is not filed herewith since document was not received
by the reporting person.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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:
Bear Stearns Asset Backed Securities Inc.
Asset Backed Certificates
Series 2000-2
Signed: Wells Fargo Bank Minnesota, N.A., as Trustee
By: Beth Belfield, Assistant Vice President
By: /s/ Beth Belfield, Assistant Vice President
Dated: June 25, 2002
Exhibit Index
Exhibit No.
99.1 Annual Independent Accountants' Servicing Reports concerning servicing
activities for the year ended December 31, 2000.
a) EMC Mortgage Corp. <F1>
99.2 Report of Management as to Compliance with Minimum Servicing Standards
for the year ended December 31, 2000.
a) EMC Mortgage Corp. <F1>
99.3 Annual Statements of Compliance under the Pooling and Servicing
Agreements for the year ended December 31, 2000.
a) EMC Mortgage Corp. <F3>
99.4 Aggregate Statement of Principal and Interest Distributions to
Certificate Holders.<F2>
<F1> Filed herewith.
<F2> Previously filed.
<F3> Such document is not filed herewith since document was not received
by the reporting person.
EX-99.1 (a)
Annual Independant Accountant's Servicing Report
Deloitte & Touche LLP
Suite 1600
Chase Tower
2200 Ross Avenue
Dallas,Texas 75201-6778
Tel: (214) 777-7000
www.us.deloitte.com
Deloitte (logo)
&Touche
INDEPENDENT ACCOUNTANTS' REPORT
To the Board of Directors and Stockholder of
EMC Mortgage Corporation:
We have examined the accompanying management assertion that EMC
Mortgage Corporation (the "Company") (a wholly owned subsidiary of The
Bear Stearns Companies Inc.) complied with the minimum servicing standards
identified in the Mortgage Bankers Association of America's Uniform Single
Attestation Program for Mortgage Bankers ("USAP") as of and for the
seventeen months ended November 30, 2000. Management is responsible for the
Company's compliance with those requirements. Our responsibility is to
express an opinion on management's assertion about the Company's compliance
based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the
Company's compliance with the minimum servicing standards and performing
such other procedures as we considered necessary in the circumstances. We
believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Company's
compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the seventeen
months ended November 30, 2000, is fairly stated, in all material respects.
January 5, 2001
EX-99.2 (a)
Report of Management
EMC
MORTGAGE
CORPORATION (logo)
MANAGEMENT ASSERTION
January 5, 2001
As of and for the seventeen months ended November 30, 2000, EMC Mortgage
Corporation (the "Company") (a wholly owned subsidiary of The Bear Stearns
Companies, Inc.), has complied in all material respects with the minimum
servicing standards set forth in the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers.
As of November 30, 2000 and for the seventeen months then ended, the Company
had in effect a fidelity bond in the amount of $200,000,000, and errors and
omissions liability coverage in the amount of $5,000,000 on any one
mortgage.
Ralene Ruyle
Executive Vice President
Two MacArthur Ridge, 909 Hidden Ridge Drive, Suite 200, Irving, Texas 75038
MAILING ADDRESS: P.O. Box 141358, Irving, Texas 75014-1358