Item 1. Business.
Not applicable.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
Item 3. Legal Proceedings.
There are no material pending legal proceedings involving the mortgage loans related to the Certificates, the trustee under the Pooling Agreement or the registrant with respect to the mortgage loans, other than ordinary routine litigation incidental to the trustee's or the registrant's duties under the Pooling Agreement.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
No vote or consent of holders of Certificates has been solicited for any purpose during 1998.
Part II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
Not applicable.
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Not applicable.
Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
No material disagreement concerning accounting procedures or change of accountants has occurred.
Part III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Part IV
Item 14.
Item 14. Exhibits, Financial Statement, Schedules, and Reports on Form 8-K.
The registrant filed Reports on Form 8-K that described distributions made to Certificateholders on the Distribution Date occurring in the month preceding the month in which such Report on Form 8-K was filed and also provided certain information regarding delinquent Mortgage Loans and credit enhancements as of such Distribution Date. Such Reports on Form 8-K are incorporated by reference as follows:
PNC Mortgage Securities Corp., Mortgage Pass-Through Certificates, Series: 1998-12, Monthly Distribution Report for month indicated, 1998.
Date Filed December January 11, 1999
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.
PNC MORTGAGE SECURITIES CORP. (Registrant)
By: \s\Richard Careaga --------------------------- Richard Careaga Second Vice President Date: March 29, 1999
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By \s\ Michael L. Parker - ------------------------------------ Michael L. Parker President and Director Date March 29, 1999
By \s\ Douglas H. Burr - ------------------------------------ Douglas H. Burr Senior Vice President, Chief Financial Officer and Director Date March 29, 1999
By \s\ Alexander T. Topping, Jr. - ------------------------------------ Alexander T. Topping, Jr. Senior Vice President and Director Date March 29, 1999
By \s\ John W. Lauber - ------------------------------------ John W. Lauber Vice President and Controller Date March 29, 1999
By \s\ Saiyid T. Naqvi - ------------------------------------ Saiyid T. Naqvi Director Date March 29, 1999