-----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, CCTciMY+uYEwh2qwQz6iAOfLgblnPjtLdRKFXpE3j8xeuKpBd4Z43icdt2pFEkbu Y0aotzEpE5Uxb9Cwr8g4cw== 0001051170-98-000059.txt : 19980812 0001051170-98-000059.hdr.sgml : 19980812 ACCESSION NUMBER: 0001051170-98-000059 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980810 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAXON ASSET SECURITIES TRUST 1997-2 CENTRAL INDEX KEY: 0001043228 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 521785164 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 333-04127-04 FILM NUMBER: 98681174 BUSINESS ADDRESS: STREET 1: 4880 COX RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8049677400 MAIL ADDRESS: STREET 1: 4880 COX ROAD CITY: GLEN ALLEN STATE: VA ZIP: 23060 10-K/A 1 1997 FORM 10-K/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the period from June 24, 1997 (Commencement of Operations) to December 31, 1997 [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number 333-04127-04 Saxon Asset Securities Trust 1997-2 Mortgage Loan Asset Backed Certificates, Series 1997-2 (Exact name of registrant as specified in its charter) Virginia 52-1785164 (State or other jurisdiction of I.R.S. Employer incorporation or organization) Identification No.) 4880 Cox Road, Glen Allen, Virginia 23060 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code : (804) 967-7400 Securities registered pursuant to Section 12(b) of the Act: None Securities 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 Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] Documents incorporated by reference: None Page 1 of 3 This report consists of 9 consecutively numbered pages. AMENDMENT NUMBER 1 OF 1 -2- 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. Saxon Asset Securities Trust 1997-2 Mortgage Loan Asset Backed Certificates 1997-2 Date: August 10, 1998 By: /s/ Bradley D. Adams --------------- Bradley D. Adams Vice President -3- EXHIBIT 99.1 ANNUAL STATEMENT OF COMPLIANCE -4- ANNUAL STATEMENT OF COMPLIANCE I, Linda G. Warman, hereby certify that I am a Vice President of Chase Bank of Texas, National Association, "the Master Servicer") acting as Master Servicer, pursuant to a Trust Agreement ("Agreement") with Saxon Asset Securities Trust 1997-1, 1997-2, and 1997-3, and further certify to the best of my knowledge and after due inquiry, the following: I have reviewed the activities of the Master Servicer, during the preceding calendar year and the performance under the Agreement. To the best of my knowledge, based on such review, Chase Bank of Texas, as Master Servicer, has performed and fulfilled its duties, responsibilities and obligations under the Agreement in all material respects during the applicable period. I have conducted an examination of the activities of each Servicer during the preceding calendar year and the performance of such Servicer under the related Servicing Agreement. I have examined each Servicer's Fidelity Bond and Errors and Omissions Policy and each such bond or policy is in effect and conforms to the requirements of the related Servicing Agreement. I have received from each Servicer such Servicer's annual audited financial statements and such other information as is required by the Guide and to the best of my knowledge, based on such examination, each Servicer has performed and fulfilled its duties, responsibilities and obligations under its Servicing Agreement in all material respects throughout such year. /s/ Linda G. Warman Title: Vice President and Trust Officer Date: July 17, 1998 -5- EXHIBIT 99.2 ANNUAL SERVICING REPORTS -6- OFFICERS CERTIFICATE ANNUAL ANNUAL STATEMENT OF COMPLIANCE MORTGAGE PASS THROUGH CERTIFICATES RESIDENTIAL MORTGAGE LOANS SERIES 1997-1, 1997-2, AND 1997-3 IN ACCORDANCE WITH THE APPROPRIATE SECTION OF THE ABOVE CAPTIONED POOLING AND SERVICING AGREEMENTS, I, JULE J. KEEN AND AND SHAWNA R. OGILVIE OF AMERIQUEST MORTGAGE COMPANY, (THE "SERVICER") HEREBY CERTIFY: (i) A REVIEW OF THE ACTIVITIES OF THE SERVICER DURING THE PRECEDING CALENDAR YEAR, AND OF PERFORMANCE UNDER THESE AGREEMENTS HAVE BEEN MADE UNDER OUR SUPERVISION. (II) TO THE BEST OF OUR KNOWLEDGE, BASED ON SUCH REVIEW, THE SERVICER HAS FULFILLED ALL ITS OBLIGATIONS UDNER THESE AGREEMENTS THROUGHOUT SUCH YEAR. CERTIFIED THIS 25TH DAY OF MARCH, 1998. BY: /s/JULE J. KEEN JULE J. KEEN EXECUTIVE VICE PRESIDENT BY: /s/SHAWNA R. OGILVIE SHAWNA R. OGILVIE Vice President -7- EXHIBIT 99.3 ANNUAL STATEMENT OF INDEPENDENT ACCOUNTANTS FOR EACH SERVICER -8- DELOITTE & TOUCHE LLP Suite 1200 695 Town Center Drive Costa Mesa, California 92626-1924 Telephone: (714) 436-7100 Facsimile: (714) 436-7200 INDEPENDENT ACCOUNTANTS' REPORT To Ameriquest Mortgage Company: We have examined management's assertion about Ameriquest Mortgage Company's compliance 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 year ended December 31, 1997, included in the accompanying management assertion. Management is responsible for Ameriquest Mortgage Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the entity's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly included examining, on a test basis, evidence about Ameriquest Mortgage 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 Ameriquest Mortgage Company's compliance with the servicing standards or its servicing agreements. In our opinion, management's assertion that Ameriquest Mortgage Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1997, is fairly stated, in all material respects. /s/ Deloitte & Touche LLP - ------------------------- Deloitte & Touche LLP April 8, 1998 -9- -----END PRIVACY-ENHANCED MESSAGE-----