-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L8kcXXmEmCLp8z3qtXXj5XCuDD1UQMvDqASaj3cXq49C3+yyrHOlPcWYU0SRg0df OAeagQChHDsl4ytUeU9aHQ== 0000882377-01-500406.txt : 20020410 0000882377-01-500406.hdr.sgml : 20020410 ACCESSION NUMBER: 0000882377-01-500406 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011113 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE SECURITIES CORP CENTRAL INDEX KEY: 0001063292 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 562088493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-56213 FILM NUMBER: 1787693 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043650569 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 8-K 1 d10005747.txt ACE SECURITIES CORP - -------------------------------------------------------------------------------- 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) November 13, 2001 ACE SECURITIES CORP.. - -------------------------------------------------------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 333-45458 56-2088493 -------- --------- ---------- (STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.) 6525 Morrison Blvd., Suite 318 Charlotte, North Carolina 28211 - ------------------------------ ------------------------- (ADDRESS OF PRINCIPAL (ZIP CODE) EXECUTIVE OFFICES) Registrant's telephone number, including area code, is (704) 365-0569. - -------------------------------------------------------------------------------- -2- Item 5. Other Events. ------------ On or about November 20, 2001, the Registrant will cause the issuance and sale of approximately $735,443,000 initial principal amount of ACE Securities Corp. Home Equity Loan Trust, Asset Backed Pass-Through Certificates, Series 2001-HE1 (the "Certificates") pursuant to a Pooling and Servicing Agreement to be dated as of November 1, 2001, between the Registrant as seller, Wells Fargo Bank Minnesota, National Association, as master servicer and First Union National Bank, as trustee. In connection with the sale and the Series 2001-HE1, Class A, Class A-IO, Class M- 1, Class M-2 and Class M-3 (the "Underwritten Certificates"), the Registrant has been advised by Deutsche Banc Alex. Brown Inc. (the "Underwriter"), that the Underwriter has furnished to prospective investors certain computational materials (the "Computational Materials") with respect to the Underwritten Certificates following the effective date of Registration Statement No. 333-45458, which Computational Materials are being filed as an exhibit to this report. The Computational Materials have been provided by the Underwriter. The information in the Computational Materials is preliminary and may be superseded by the Prospectus Supplement relating to the Certificates and by any other information subsequently filed with the Securities and Exchange Commission. The Computational Materials were prepared by the Underwriter at the request of certain prospective investors, based on assumptions provided by, and satisfying the special requirements of, such prospective investors. The Computational Materials may be based on assumptions that differ from the assumptions set forth in the Prospectus Supplement. The Computational Materials may not include, and do not purport to include, information based on assumptions representing a complete set of possible scenarios. Accordingly, the Computational Materials may not be relevant to or appropriate for investors other than those specifically requesting them. In addition, the actual characteristics and performance of the mortgage loans underlying the Underwritten Certificates (the "Mortgage Loans") may differ from the assumptions used in the Computational Materials, which are hypothetical in nature and which were provided to certain investors only to give a general sense of how the yield, average life, duration, expected maturity, interest rate sensitivity and cash flow characteristics of the Underwritten Certificates might vary under varying prepayment and other scenarios. Any difference between such assumptions and the actual characteristics and performance of the Mortgage Loans will affect the actual yield, average life, duration, expected maturity, interest rate sensitivity and cash flow characteristics of the Underwritten Certificates. -3- Item 7. Financial Statements, PRO FORMA Financial Information and Exhibits ------------------------------------------------------------------ (a) Financial Statements. -------------------- Not applicable. (b) PRO FORMA Financial Information. ------------------------------- Not applicable. (c) Exhibits
ITEM 601(a) OF REGULATION S-K EXHIBIT NO. EXHIBIT NO. DESCRIPTION ----------- ----------- ----------- 1 99 Computational Materials--Computational Materials (as defined in Item 5) that have been provided by the Underwriter to certain prospective purchasers of ACE Securities Corp. Home Equity Loan Trust Asset Backed Pass-Through Certificates, Series 2001-HE1
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. ACE SECURITIES CORP. By: /s/ Douglas K. Johnson --------------------------- Name: Douglas K. Johnson Title: President Dated: November 13, 2001
EXHIBIT INDEX Item 601(a) of Sequentially Regulation S-K Numbered Exhibit Number Exhibit No. Description Page - -------------- ----------- ----------- ---- 1 99 Computational 8 Materials
EXHIBIT 99 EX-99 3 d10006131.txt ADDITIONAL EXHIBITS Deutsche Bank Home Equity Portfolio Securitization Pool 6,065 records Balance: 739,139,652
- ------------------------------- ---------------------------- ---------------------------- ---------------------------- Front Ratio (Wells Fargo Pool Aggregate Remaining % of Aggregate Remaining Only) Number of Mortgage Loans Principal Balance Principal Balance - ------------------------------- ---------------------------- ---------------------------- ---------------------------- 0.00 - 4.99 212 26,147,573.09 4.40 5.00 - 9.99 106 7,717,909.07 1.30 10.00 - 14.99 274 20,820,092.14 3.51 15.00 - 19.99 511 45,907,578.37 7.73 20.00 - 24.99 770 82,464,167.76 13.88 25.00 - 29.99 798 101,199,817.82 17.04 30.00 - 34.99 751 104,305,904.26 17.56 35.00 - 39.99 589 81,437,280.72 13.71 40.00 - 44.99 406 58,846,288.20 9.91 45.00 - 49.99 240 38,828,584.81 5.69 50.00 - 54.99 174 25,677,851.43 4.32 55.00 - 59.99 35 4,602,719.29 0.77 60.00 - 64.99 3 520,654.99 0.09 70.00 - 74.99 2 532,879.37 0.09 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Total 4,871 594,009,301.32 100.00 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Minimum 0.54 Maximum: 73.00 Weighted Average: 31.32 - ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ---------------------------- Back Ratio (Non-Wells Fargo Number of Mortgage Loans Aggregate Remaining % of Aggregate Remaining Pool Only) Principal Balance Principal Balance - ------------------------------- ---------------------------- ---------------------------- ---------------------------- 0.00 - 4.99 3 222,978.31 0.15 5.00 - 9.99 6 394,319.75 0.27 10.00 - 14.99 13 1,414,199.49 0.97 15.00 - 19.99 44 3,955,885.31 2.73 20.00 - 24.99 74 7,265,105.82 5.01 25.00 - 29.99 107 11,756,331.82 8.10 30.00 - 34.99 177 19,523,510.41 13.45 35.00 - 39.99 204 25,877,029.80 17.83 40.00 - 44.99 232 30,143,989.39 20.77 45.00 - 49.99 246 32,776,660.30 22.58 50.00 - 54.99 78 10,857,599.22 7.48 55.00 - 59.99 5 564,367.56 0.39 60.00 - 64.99 2 151,842.49 0.10 70.00 - 74.99 2 171,494.91 0.12 95.00 - 99.99 1 55,036.03 0.04 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Total: 1,194 145,130,350.61 100.00 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Minimum: 4.21 Maximum: 97.40 Weighted Average: 39.06 - ------------------------------- ---------------------------- ---------------------------- ----------------------------
Deutsche Bank Home Equity Portfolio Securitization Pool; Adjustable Rate 4,562 records Balance: 597,380,185
- ---------------------------------------------------------------------------------------------------------------------- Securitization Pool; Adjustable Rate - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Maximum Lifetime Rate Cap Number of Mortgage Loans Aggregate Remaining % of Aggregate Remaining Principal Balance Prinicpal Balance - ------------------------------- ---------------------------- ---------------------------- ---------------------------- 6.0000 4,123 533,107,339.23 89.24% 7.0000 439 64,272,846.11 10.76 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Total: 4,562 597,380,185.34 100.00 - ------------------------------- ---------------------------- ---------------------------- ----------------------------
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