Financial Asset Securitization Inc – ‘8-K’ for 9/1/97

As of:  Friday, 11/21/97   ·   For:  9/1/97   ·   Accession #:  916641-97-1119   ·   File #:  0-15483

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Fasi 8-K                                               5     14K 
 2: EX-4        Exhibit 4.1                                            7     19K 
 3: EX-4        Exhibit 4.2                                            7     19K 

8-K   —   Fasi 8-K
Document Table of Contents

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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) September 1, 1997

Financial Asset Securitization, Inc.
(Exact name of registrant as specified in charter)

Virginia                  0-15483                  52-1526174       
(State or other jurisdiction  (Commission           (IRS Employer         
of incorporation)            File Number)       Identification No.)     

901 East Byrd Street, Richmond, Virginia                    23219       
------------------------------------------------------------------------
 (Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code (804) 643-2311           
 -------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)

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Item 1.  Changes in Control of Registrant.                                      
Not Applicable.                             

Item 2.  Acquisition or Disposition of Assets.                                  
Not Applicable.                             

Item 3.  Bankruptcy or Receivership.                                            
Not Applicable.                             

Item 4.  Changes in Registrant's Certifying Accountant.                         
Not Applicable.                             

Item 5.  Other Events.                                                          

   The Registrant has entered into the following Amendments to Trust
Agreements:                                                                     

                 An Amendment to Trust Agreement (the "Amendment") dated as of
September 1, 1997, among the Registrant, Norwest Bank Minnesota, National       
Association, as Master Servicer and The Bank of New York, as Trustee, amending  
the Trust Agreement, dated as of January 1, 1992, relating to the Registrant's  
Mortgage Participation Securities Series 1992-1. A copy of the Amendment is     
included as Exhibit 4.1 hereto.                                                 

                 An Amendment to Trust Agreement (the "Amendment") dated as of
October 1, 1997, among the Registrant, Norwest Bank Minnesota, National         
Association, as Master Servicer and The Bank of New York, as Trustee, amending  
the Trust Agreement, dated as of May 1, 1992 relating to the Registrant's       
Mortgage Participation Securities Series 1992-8. A copy of the Amendment is     
included as Exhibit 4.2 hereto.                                                 

Item 6.  Resignations of Registrant's Directors.                                
Not Applicable.                             

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.    
Not Applicable.                             

Item 8.  Change in Fiscal Year.                                                 
Not Applicable.                             

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Exhibits                                                                        

   4.1      Copy of the Amendment to Trust Agreement for RMSC Series
           1992-1, dated as of September 1, 1997, by and among the
                Registrant, Norwest Bank Minnesota, National Association, as
          Master Servicer, and The Bank of New York, as Trustee.

   4.2      Copy of the Amendment to Trust Agreement for RMSC Series
         1992-8, dated as of October 1, 1997, by and among the
                Registrant, Norwest Bank Minnesota, National Association, as
          Master Servicer, and The Bank of New York, as Trustee.

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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.                                           

November 21, 1997                               FINANCIAL ASSET SECURITIZATION, 
                      INC.

                                      By: /s/ William E. Hardy

                                     Name:  William E. Hardy

                                              Title:  Executive Vice President

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 INDEX TO EXHIBITS

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                                                                    Page
                                                                         

4.1  Copy of the Amendment to Trust Agreement for RMSC Series           
     1992-1, dated as of September 1, 1997, by and among the            
     Registrant, Norwest Bank Minnesota, National Association, as       
     Master Servicer, and The Bank of New York, as Trustee.........     

4.2  Copy of the Amendment to Trust Agreement for RMSC Series           
     1992-8, dated as of October 1, 1997, by and among the              
     Registrant, Norwest Bank Minnesota, National Association, as       
     Master Servicer, and The Bank of New York, as Trustee.........     


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Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		11/21/97		4					None on these Dates
		10/1/97		2		5
For Period End:		9/1/97		1		5
		5/1/92		2
		1/1/92		2
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