8-K 1 v069284_8k.htm


 

UNITED STATES
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): March 22, 2007
 
ACE Securities Corp. (as depositor under a Pooling and Servicing Agreement, dated as of January 1, 2007, providing for, inter alia, the issuance of ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASL1 Asset Backed Pass-Through Certificates)
 
ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASL1
(Exact name of issuer as specified in its charter)

ACE Securities Corp.
(Exact name of depositor as specified in its charter)

DB Structured Products, Inc.
(Exact name of sponsor as specified in its charter)


Delaware
 
333-131727-23
 
56-2088493
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
         
6525 Morrison Blvd., Suite 318
Charlotte, North Carolina
     
28211
(Address of Principal
Executive Offices)
     
(Zip Code)


Registrant’s telephone number, including area code, is (704) 365-0569
 



 
1

 

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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
2

 

Item 1.01 Entry into a Materially Definitive Agreement
Amendment to Mortgage Loan Purchase Agreement
 
On February 15, 2007, a certain pool of mortgage loans (the “Mortgage Loans”) was sold by DB Structured Products, Inc. (the “Seller”) to ACE Securities Corp. (the “Purchaser”) pursuant to a Mortgage Loan Purchase Agreement, dated as of February 15, 2007 (the “Agreement”), by and between the Purchaser and the Seller, which Agreement was included in an exhibit attached to a Form 8-K filed with the United States Securities & Exchange Commission on March 19, 2007. The Purchaser and the Seller entered into Amendment Number One to the Agreement (the “Amendment”), dated as of March 22, 2007, attached hereto as Exhibit 4.1. The Amendment reflects the addition of certain representations and warranties to the Agreement.
 

 
3

 


Item 9.01
Financial Statements and Exhibits
 
(a)
Not applicable
     
 
(b)
Not applicable
     
 
(c)
Exhibits

Exhibit No.
Description
4.1
Amendment Number One, dated as of March 22, 2007, to the Mortgage Loan Purchase Agreement, dated as of February 15, 2007, by and between DB Structured Products, Inc., as seller, and ACE Securities Corp., as purchaser.


 
 
4

 


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.
 
Dated: March 22, 2007


ACE SECURITIES CORP.


By: /s/ Evelyn Echevarria        
Name: Evelyn Echevarria
Title: Vice President

By: /s/ Doris J. Hearn                 
Name: Doris J. Hearn
Title: Vice President

 

 
5

 

 
Index to Exhibits
 

Exhibit No.
Description
Sequentially
Numbered Page
4.1
Amendment Number One, dated as of March 22, 2007 to the Mortgage Loan Purchase Agreement, dated as of February 15, 2007, by and between DB Structured Products, Inc., as seller, and ACE Securities Corp., as purchaser.
7


 
6