-----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, D5SlV9Jj1utO7xYmTA9Ub9GNIwhWa2DmDhbDCNF2Z6CjF/bgZESpNZ0pHoXcrYNg xrVuWdYmloIT4zcr0NxMDw== 0001056404-99-000257.txt : 19990326 0001056404-99-000257.hdr.sgml : 19990326 ACCESSION NUMBER: 0001056404-99-000257 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS MORT SEC VII INC ASSET BK CERT SER 1998-AQ1 CENTRAL INDEX KEY: 0001062799 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133439681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 333-44593-05 FILM NUMBER: 99572505 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY STREET 2: C/O NORWEST BANK MINNESOTA NA CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 3016967900 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY STREET 2: C/O NORWEST BANK MINNESOTA NA CITY: FREDERICK STATE: MD ZIP: 21703 10-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (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, 1998 or / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 333-44593-05 Salomon Brothers Mortgage Securities VII, Inc. Asset Backed Certificates Series 1998-AQ1 Trust (Exact name of registrant as specified in its charter) New York 52-2107852, 52-2107845 (State or other jurisdiction (I.R.S. Employer of incorporation or Identification No.) organization) c/o Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, Maryland 21044 (Address of principal executive offices) (ZIP Code) Registrant's telephone number, including area code: (410) 884-2000 Securities to be registered pursuant to Section 12(b) of the Act: NONE Securities to be 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. Not applicable State the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of a specified date within 60 days prior to the date of filing. (See definition of affiliate in Rule 12b-2 of the Exchange Act.) Not applicable Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. Not applicable Part I Item 1. Business. Omitted Item 2. Properties. See Item 14(a), Exhibits 99.1, 99.2, and 99.3, for information provided in lieu of information required by Item 102 of Regulation S-K. Item 3. Legal Proceedings. The registrant knows of no material pending legal proceedings involving the trusts created under the Pooling and Servicing Agreement (the Trusts), the Trustee, the Servicer or the registrant with respect to the Trusts other than routine litigation incidental to the duties of the respective parties. Item 4. Submission of Matters to a Vote of Security Holders. None PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters. No established public trading market for the Certificates exists. As of December 31, 1998, the number of holders of the publicly offered Certificates was 43 Item 6. Selected Financial Data. Omitted Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Omitted Item 8. Financial Statements and Supplementary Data. See Item 14(a), Exhibits 99.1, 99.2, 99.3, for information provided in lieu of information required by Item 302 of Regulation S-K. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. None. PART III Item 10. Directors and Executive Officers of the Registrant. Not applicable. Item 11. Executive Compensation. Not applicable. Item 12. Security Ownership of Certain Beneficial Owners and Management. Not applicable. Item 13. Certain Relationships and Related Transactions. Not applicable. PART IV Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K. (a) Exhibits (99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 1998. a) Ameriquest Mortgage (99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1998. a) Ameriquest Mortgage (99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1998. a) Ameriquest Mortgage (99.4) Aggregate Statement of Principal and Interest Distributions to Certificate Holders. (b) On October 7, 1998, November 10, 1998, and December 4, 1998, reports on Form 8-K were filed by the Company in order to provide the statements for the monthly distributions to holders of the Certificates. No other reports on Form 8-K have been filed during the last quarter of the period covered by this report. (c) Not applicable. (d) Omitted. Such document (i) is not filed herewith since such document was not received by the reporting person at least three business days prior to the due date covered by this report: and (ii) will be included in an amendment to this report on Form 10-K/A to be filed within 30 days of the Reporting Person's receipt of such document. 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: Salomon Brothers Mortgage Securities VII, Inc. Asset Backed Certificates Series 1998-AQ1 Trust Signed: Norwest Bank Minnesota, N.A., as Trustee By: Sherri J. Sharps, Vice President By: /s/ Sherri J. Sharps, Vice President Dated: March 20, 1999 SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT. (a)(i) No annual report is provided to the Certificateholders other than with respect to aggregate principal and interest distributions. (a)(ii) No proxy statement, form of proxy or other proxy soliciting material has been sent to any Certificateholder with respect to any annual or other meeting of Certificateholders. EX-99.4 2
Schedule of Year-To-Date Principal and Interest Distributions to Certificateholders Ending Class Interest Principal Losses Balance A1 7477133.72 57207158.75 0 159414841.26 A2 3488987.67 0 0 93019000 A3 4253416.51 0 0 111152000 A4 3591027.09 0 0 91336000 A5 881171.97 0 0 21127000 A6 1160250 0 0 30000000 A7 1734687.5 0 0 37500000 B1 1100212.41 132759.08 0 26867240.93 B2 618889.85 74679.42 0 15113320.56 B3 343795.99 41484.75 0 8395515.25 B4 495095.59 59741.58 0 12090258.42 B5 233815.52 28213.76 0 5709786.24 B6 233794.3 28211.21 1626.48 5707641.98 P 822173.84 0 0 100 RI 0.58 100 0 0 RII 0.58 100 0 0 XSN 3309532.71 0 0 0 XSS 2003892.06 0 0 0 XST 5841592.45 0 0 0
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