Registrant’s
telephone number, including area code, is (212) 667-9300.
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[_]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[_]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[_]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
2.01
Completion of Acquisition or Disposition of Assets
Description
of the Certificates and the Mortgage Pool
On
July10, 2007, a series of certificates, entitled Nomura Asset Acceptance
Corporation, Alternative Loan Trust, Series 2007-3, Mortgage Pass-Through
Certificates (the “Certificates”), were issued pursuant to a pooling and
servicing agreement, dated as of June 1, 2007 (the “Agreement”), attached hereto
as Exhibit 4.1, among Nomura Asset Acceptance Corporation, as depositor (the
“Depositor”), Nomura Credit & Capital, Inc., as sponsor (the “Sponsor”),
GMAC Mortgage, LLC, as servicer (the “Servicer”), Wells Fargo Bank, N.A., as
securities administrator (“Securities Administrator”) and master servicer
(“Master Servicer”) and HSBC Bank USA, National Association, as trustee (the
“Trustee”). The Certificates consist of thirteen (13) classes of certificates,
designated as the “Class A-1 Certificates”, “Class A-2 Certificates”, “Class A-3
Certificates”, “Class A-4 Certificates”, “Class M-1 Certificates”, “Class M-2
Certificates”, “Class M-3 Certificates”, “Class M-4 Certificates”, “Class M-5
Certificates”, “Class X Certificates”, “Class P Certificates”, “Class R
Certificates” and “Class R-X Certificates”. The Certificates evidence in the
aggregate the entire beneficial ownership interest in a trust fund, consisting
of a pool of conventional, one- to four- family, adjustable-rate mortgage loans
secured by first liens on residential real properties (the “Mortgage Loans”).
The Mortgage Loans have original terms to maturity up to 30 years and have
an
aggregate principal balance of approximately $389,813,589 as of June 1, 2007.
The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase
Agreement, dated July 10, 2007, between the Sponsor, as seller, and the
Depositor, as purchaser. The Class A-1 Certificates, Class A-2 Certificates,
Class A-3 Certificates and Class A-4 Certificates were sold by the Depositor
to
Bear, Stearns & Co. Inc. (“Bear”) and Banc of America Securities LLC (“Banc
of America”; together with Bear, the “Underwriters”) pursuant to the
Underwriting Agreement, dated June 28, 2007, among the Depositor and the
Underwriters, and the Terms Agreement, dated June 28, 2007 (together, the
“Underwriting Agreement”), among the Depositor and the
Underwriters.
The
Certificates have the following initial Certificate Balances and Pass-Through
Rates:
Class
Initial
Certificate
Principal
Balance(1)
Initial
Pass-Through
Rate
Class
A-1
$
187,691,000
Floating
Class
A-2
$
48,071,000
Floating
Class
A-3
$
62,033,000
Floating
Class
A-4
$
50,503,000
Floating
Class
M-1
$
18,906,000
Floating
Class
M-2
$
6,043,000
Floating
Class
M-3
$
4,093,000
Floating
Class
M-4
$
2,533,000
Floating
Class
M-5
$
3,508,000
Floating
(1)
Approximate.
The
Certificates, other than the Class P Certificates, Class X Certificates, Class
R
Certificates and Class R-X Certificates, and the Mortgage Loans are more
particularly described in the Prospectus Supplement, dated July 6, 2007 (the
“Prospectus Supplement”), and the Prospectus, dated November 17, 2006, as
previously filed with the Securities and Exchange Commission pursuant to Rule
424(b). The Class M-1, Class M-2, Class M-3, Class M-4, Class M-5,
Class P Certificates, Class X Certificates, Class R Certificates and Class
R-X
Certificates have not been and will not be publicly offered by the Depositor.
Capitalized terms used but not otherwise defined herein shall have the meanings
assigned to them in the Prospectus Supplement.
Item
9.01
Financial Statements and Exhibits
(a)
Not
applicable
(b)
Not
applicable
(c)
Not
applicable
(d)
Exhibits
Exhibit
No.
Description
4.1
Pooling
and Servicing Agreement, dated as of June 1, 2007, by and among
Nomura Asset Acceptance Corporation, as Depositor, Nomura Credit
&
Capital, Inc., as Sponsor, GMAC Mortgage, LLC, as Servicer, Wells
Fargo
Bank, N.A., as Securities Administrator and Master Servicer and HSBC
Bank
USA, National Association, as Trustee relating to the Series 2007-3
Certificates.
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 thereunto duly
authorized.
Pooling
and Servicing Agreement, dated as of June 1, 2007, by and among Nomura
Asset Acceptance Corporation, as Depositor, Nomura Credit & Capital,
Inc., as Sponsor, GMAC Mortgage, LLC, as Servicer, Wells Fargo Bank,
N.A.,
as Securities Administrator and Master Servicer and HSBC Bank USA,
National Association, as Trustee relating to the Series 2007-3
Certificates.
7
Dates Referenced Herein and Documents Incorporated by Reference