-----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, MFEu8LGaXHgJE+iIVNirQn8lWWVy2sz66LeJNxaIlPD/TXihGMB43BE8hfp/gNsO c9j4zR0JwI83lpiWWmrveQ== 0001019965-98-000098.txt : 19980331 0001019965-98-000098.hdr.sgml : 19980331 ACCESSION NUMBER: 0001019965-98-000098 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980330 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMPIRE FUNDING HOME LOAN OWNER TRUST 1997-5 CENTRAL INDEX KEY: 0001051685 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 061204982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 333-40467-02 FILM NUMBER: 98577995 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127132000 MAIL ADDRESS: STREET 1: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 10-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Mark One) [ x ] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended DECEMBER 31, 1997 ______________________ or [ ] Transition Report Pursuant to Section 13 or 15 15d of the Securities Exchange Act of 1934 For the transition period from _____________ to ________ Commission file Number 333-40467-02 Painewebber Mortgage Acceptance Corporation Empire Funding Home Loan Owner Trust 1997-5 (Exact name of registrant as specified in its charter) Delaware 06-1204982 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 1285 Avenue of the Americas New York, NY 10019 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 713-2000 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 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 (Note) Note: The Registrant has been required to file reports since December 22, 1997, the Closing Date of the Securitization. PART I Item 2. Properties See Exhibit 99.1 & 99.2. Item 3. Legal Proceedings There were no legal proceedings. Item 4. Submission of Matters to a Vote of Security Holders There were no matters submitted to a vote of the Security Holders. PART II Item 5. Market for Registrant's Common Equity and Related Stockholder matters There were forty-five participants in the DTC system holding positions in the Cede certificates. The following were Certificateholders of record as of the end of the reporting year. Empire Funding Home Loan Owner Trust 1997-5 Class A-1 Cede & Co. Class A-2 Cede & Co. Class A-3 Cede & Co. Class A-4 Cede & Co. Class A-4 IO Cede & Co. Class M-1 Cede & Co. Class M-2 Cede & Co. Class B-1 Cede & Co. There is no established trading market for the notes. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures: Information required by Item 304 of Reg. S-K. There were no changes in and/or disagreements with Accountants on Accounting and Financial Disclosures. PART IV Item 12. Security Ownership of Certain Beneficial Owners and Management The Notes are represented by one or more notes registered in the name of of Cede & Co., the nominee of The Depository Trust Company. An investor holding Notes is not entitled to receive a certificate representing such Note, except in limited circumstances. Accordingly, Cede & Co. is the sole holder of Notes, which it holds on behalf of brokers, dealers, banks and other participants in the DTC system. Such participants may hold Notes for their own accounts or for the accounts of their customers. The address of Cede & Co. is: Cede & Co. c/o The Depository Trust Company Seven Hanover Square New York, New York 10004 Item 13. Certain Relationships and Related Transactions. There has not been, and there is not currently proposed, any transactions or series or transactions, to which any of the Trust, the Registrant, the Trustee or the Servicer is a party with any Noteholder who, to the knowledge of the Registrant and Servicer, owns of record or beneficially more than five percent of the Notes. Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K (a) 1. Not Applicable 2. Not Applicable 3. Exhibits 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance. 99.3 Annual Independent Public Accountant's Servicing Report. (b) Reports on Form 8-K There have been no reports filed on Form 8-K as of December 31, 1997. (c) See (a) 3 above (d) Not Applicable SIGNATURES 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. NationsBanc Asset Securities Inc. Nationsbanc Asset Securities Inc., Asset Backed Certificates, Series 1997-1 By: /s/ Mark LeMay Vice President, U.S. Bank National Association Date:March 30, 1998 EXHIBIT INDEX Exhibit Description 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance 99.3 Annual Independent Public Accountant's Servicing Report EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year Amounts for the period ending December 31, 1997 Nationsbanc Asset Securities Inc., Asset Backed Certificates, Series 1997-1 Summary of Aggregate Amounts or End of Year Amounts Pool Ending Balance 180,191,204.21 Pre-Funding Account Balance 59,808,796.00 Class A-1 Balance 59,910,000.00 Class A-2 Balance 61,590,000.00 Class A-3 Balance 16,490,000.00 Class A-4 Balance 25,210,000.00 Class A-4 IO Balance (Notional) 25,210,000.00 Class M-1 Balance 36,600,000.00 Class M-2 Balance 17,400,000.00 Class B-1 Balance 15,600,000.00 Class B-2 Balance 7,200,000.00 There was no distribution activity as of December 31, 1997. EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance To be supplied upon receipt by the Trustee EXHIBIT 99.3 -- Report of Independent Auditors To be supplied upon receipt by the Trustee -----END PRIVACY-ENHANCED MESSAGE-----