8-K 1 efc1-0526_824398form8k.txt ------------------------------------------------------------------------------ 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): May 24, 2001 ACE SECURITIES CORP. (as depositor under the Pooling and Servicing Agreement, dated on April 1, 2001, providing for the issuance of the ACE Securities Corp. Home Equity Loan Trust, Series 2001-AQ1 Asset Backed Pass-Through Certificates. 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 Boulevard Suite 318 Charlotte, NC 28211 ------------------------ ----------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (704) 365-0569 -------------- ------------------------------------------------------------------------------ Item 5. Other Events. ---- ------------ On May 9, 2001, Ace Securities Corp. (the "Company") entered into a Pooling and Servicing Agreement dated as of April 1, 2001 (the "Pooling and Servicing Agreement"), by and among the Company, as depositor, Ameriquest Mortgage Company, as original seller and servicer (the "Servicer"), U.S. Bank National Association, as trustee (the "Trustee"), and Bankers Trust Company of California, N.A., as trust administrator (the "Trust Administrator"), providing for the issuance of the ACE Securities Corp. Home Equity Loan Trust, Series 2001-AQ1 Asset Backed Pass-Through Certificates. The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1. In addition to the above agreement, Mortgage Guaranty Insurance Corporation issued a Mortgage Guaranty Master Policy, dated as of April 1, 2001 (the "Policy"), providing for the guarantee of certain amounts with respect to the Mortgage Loans upon certain conditions. The Policy is annexed hereto as Exhibit 99.2. Capitalized terms not otherwise defined herein have the meanings ascribed to such terms in the Pooling and Servicing Agreement. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. ------------------------ (a) Not applicable. (b) Not applicable. (c) Exhibits: 99.1 The Pooling and Servicing Agreement, dated as of April 1, 2001, by and among the Company, the Servicer, the Trustee and the Trust Administrator. 99.2 The Mortgage Guaranty Master Policy, dated as of April 1, 2001, issued by Mortgage Guaranty Insurance Corporation. 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 hereunto duly authorized. ACE SECURITIES CORP. By: /s/ Doris J. Hearn ---------------------- Name: Doris J. Hearn Title: Vice President Dated: May 24, 2001 Exhibit Index ------------- Exhibit Page ------- ---- 99.1 The Pooling and Servicing Agreement dated as of April 1, 2001, by and among the Company, the Servicer, the Trustee and the Trust Administrator. 99.2 The Mortgage Guaranty Master Policy, dated as of April 1, 2001, issued by Mortgage Guaranty Insurance Corporation.