8-K 1 a40403.txt LONG BEACH SECURITIES CORP. 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): August 3, 2005 LONG BEACH SECURITIES CORP. (as depositor under the Pooling and Servicing Agreement, dated as of August 1, 2005, providing for the issuance of Asset-Backed Certificates, Series 2005-WL2) ______________________________________________________ (Exact name of registrant as specified in its charter) 333-109318 (Commission File Number) Delaware 33-0917586 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation) 1400 South Douglass Road, Suite 100, Anaheim, California 92806 (Address of principal executive offices, with zip code) (714) 939-5200 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) 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): [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Description of the Certificates and the Mortgage Pool Long Beach Securities Corp. (the "Registrant") plans a series of certificates, entitled Long Beach Mortgage Loan Trust 2005-WL2, Asset-Backed Certificates, Series 2005-WL2 (the "Certificates"), to be issued pursuant to a pooling and servicing agreement, dated as of August 1, 2005, among the Registrant as depositor, Long Beach Mortgage Company as master servicer and Deutsche Bank National Trust Company as trustee. The Certificates to be designated as the Series 2005-WL2 Certificates will represent in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund") consisting primarily of three pools of fixed rate and adjustable rate, residential mortgage loans (the "Mortgage Loans"). Computational Materials Credit Suisse First Boston LLC ("CSFB") and WaMu Capital Corp. ("WCC") will be the underwriters in the public offering of the Certificates. CSFB and WCC are referred to herein as the "Underwriters." The Underwriters have advised the Registrant that they have furnished to certain prospective purchasers of Certificates certain materials, herein referred to as "Computational Materials", in written form, which Computational Materials are in the nature of data tables and term sheet information relating to the Mortgage Loans or other assets of the Trust Fund, the structure of the Certificates that will be publicly offered (the "Underwritten Certificates") and terms of certain classes of Underwritten Certificates, and the hypothetical characteristics and hypothetical performance of certain classes of Underwritten Certificates under certain assumptions and scenarios. The Computational Materials have been provided by the Underwriters. The information in the Computational Materials is preliminary and will be superseded by the Prospectus Supplement relating to the Certificates and by any other information subsequently filed with the Commission. The Computational Materials were prepared by the Underwriters at the request of certain prospective investors. The Computational Materials may be based on information that differs from the information set forth in the Prospectus Supplement. Collateral Term Sheets CSFB has advised the Registrant that it has furnished to certain prospective purchasers of Certificates certain materials, herein referred to as "Collateral Term Sheets", in written form, which Collateral Term Sheets are in the nature of loan level information, data tables and term sheet information relating to the Mortgage Loans or other assets of the Trust Fund. The Collateral Term Sheets have been provided by CSFB. The information in the Collateral Term Sheets is preliminary and will be superseded by a prospectus supplement relating to the Certificates and by any other information subsequently filed with the Commission. The Collateral Term Sheets were prepared by CSFB at the request of certain prospective investors. The Collateral Term Sheets may be based on information that differs from the information set forth in the prospectus supplement. Item 9.01 Financial Statements and Exhibits (a) Financial Statements. Not applicable. (b) PRO FORMA Financial Information. Not applicable. (c) Exhibits 2

~~UNITED~~Item ~~STATES SECURITIES~~601(A) ~~AND~~of ~~EXCHANGE COMMISSION~~Regulation S-K Exhibit No. Exhibit No. Description ----------- ----------- ----------- 1 99.1 Computational Materials (as defined in Item 8.01) that have been provided by the Underwriters to certain prospective purchasers of Long Beach Mortgage Loan Trust Asset-Backed Certificates, Series 2005-WL2. 2 99.2 Collateral Term Sheets (as defined in Item 8.01) that have been provided by CSFB to certain prospective purchasers of Long Beach Mortgage Loan Trust Asset-Backed Certificates, Series 2005-WL2.

3 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. LONG BEACH SECURITIES CORP. Date: August 23, 2005 By: /s/ James Mark ------------------------------------ Name: James Mark Title: Authorized Officer Index to Exhibits

~~Washington~~Exhibit No. Description ---------- ----------- 99.1 Computational Materials (as defined in Item 8.01) that have been provided by the Underwriters to certain prospective purchasers of Long Beach Mortgage Loan Trust Asset-Backed Certificates, DSeries 2005-WL2 99.C2 Collateral Term Sheets (as defined in Item 8.01) ~~20549~~that have been provided by CSFB to certain prospective purchasers of Long Beach Mortgage Loan Trust Asset-Backed Certificates, Series 2005-WL2.

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): July 28, 2005

LONG BEACH SECURITIES CORP. (as depositor under the Pooling and Servicing Agreement, dated as of June 1, 2005, providing for the issuance of Asset-Backed Certificates, Series 2005‑WL1) (Exact name of registrant as specified in its charter)

333-109318 (Commission File Number)

Delaware	33-0917586
(State or other jurisdiction of incorporation)	(I.R.S. Employer Identification No.)

1400 South Douglass Road, Suite 100, Anaheim, California 92806 (Address of principal executive offices, with zip code)

(714) 939-5200 (Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

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 under the Exchange Act (17 CFR 240.14a-12)

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))

Item 8.01 Other Events

Description of the Certificates and the Mortgage Pool

Long Beach Securities Corp. (the “Registrant”) has previously caused to be filed with the Securities and Exchange Commission (the “Commission”) pursuant to the Commission’s Rule 424 a Prospectus Supplement to its Prospectus, dated February 10, 2004, in connection with the Registrant’s issuance of a series of certificates, entitled Long Beach Mortgage Loan Trust 2005‑WL1, Asset-Backed Certificates, Series 2005‑WL1 (the “2005‑WL1 Certificates”), that were issued pursuant to a pooling and servicing agreement, dated as of July 1, 2005, among the Registrant as depositor (the “Depositor”), Long Beach Mortgage Company as master servicer (“Master Servicer”) and Deutsche Bank National Trust Company as trustee. The Registrant, Master Servicer, Greenwich Capital Markets, Inc. and WaMu Capital Corp. (together, Greenwich Capital Markets, Inc. and WaMu Capital Corp. are the “Underwriters”) have entered into an Underwriting Agreement dated as of July 13, 2005 for the purchase of the Class I-A1 Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates, Class II-A4 Certificates, the Class III-A1 Certificates, the Class III-A2 Certificates, the Class III-A3 Certificates, the Class I/II-M1 Certificates, the Class I/II-M2 Certificates, the Class I/II-M3 Certificates, the Class I/II-M4 Certificates, the Class I/II-M5 Certificates, the Class I/II-M6 Certificates, the Class I/II-M7 Certificates, the Class I/II-M8 Certificates, the Class I/II-M9 Certificates, the Class I/II-M10 Certificates, the Class III-M1 Certificates, the Class III-M2 Certificates, the Class III-M3 Certificates, the Class III-M4 Certificates, the Class III-M5 Certificates, the Class III-M6 Certificates, the Class III-M7 Certificates, the Class III-M8 Certificates and the Class III-M9 Certificates (the “Underwritten Certificates”). The 2005‑WL1 Certificates will represent in the aggregate the entire beneficial ownership interests in a trust fund (the “Trust Fund”) consisting primarily of two pools of fixed rate and adjustable rate residential mortgage loans (the “Mortgage Loans”).

Computational Materials

The Underwriters have advised the Registrant that they have furnished to certain prospective purchasers of Certificates certain materials, herein referred to as “Computational Materials”, in written form, which Computational Materials are in the nature of data tables and term sheet information relating to the Mortgage Loans or other assets of the Trust Fund, the structure of the Underwritten Certificates and terms of certain classes of Underwritten Certificates, and the hypothetical characteristics and hypothetical performance of certain classes of Underwritten Certificates under certain assumptions and scenarios.

The Computational Materials have been provided by the Underwriters. The information in the Computational Materials will be superseded by any other information subsequently filed with the Commission.

The Computational Materials were prepared by the Underwriters at the request of certain prospective investors. The Computational Materials may be based on information that differs from the information set forth in the Prospectus Supplement. A Prospectus Supplement relating to the Certificates was also delivered to the prospective purchasers who received Computational Materials at the same time that the Computational Materials were delivered.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements.

Not applicable.

(b) PRO FORMA Financial Information.

Not applicable.

Exhibit No.	Item 601(A) of Regulation S-K Exhibit No.	Description
1	99.1	Computations Materials (as defined in Item 8.01) that have been provided by Greenwich Capital Markets, Inc. and WaMu Capital Corp. to certain prospective purchasers of Long Beach Mortgage Loan Trust Asset-Backed Certificates, Series 2005-WL1.

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.

Dated: July 28, 2005

LONG BEACH SECURITIES CORP. By: /s/ James Mark Name: James Mark Title: Authorized Officer

Index to Exhibits

Exhibit No. Description Sequentially Numbered Page 99.1 Computations Materials (as defined in Item 8.01) that have been provided by Greenwich Capital Markets, Inc. and WaMu Capital Corp. to certain prospective purchasers of Long Beach Mortgage Loan Trust Asset-Backed Certificates, Series 2005‑WL1 7

EXHIBIT 99.1

Electronic copy of Exhibit 99.1 attached as a separate document to this Form 8-K filing with the U.S. Securities and Exchange Commission

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