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  <TITLE> Technical Olympic USA, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 6, 2007
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  	Technical Olympic USA, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	001-32322
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  	76-0460831
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	4000 Hollywood Blvd., Suite 500 N, Hollywood, Florida
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  	33021
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	954-364-4000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  	As previously disclosed on January 30, 2007, Technical Olympic USA, Inc. (the "Company"), certain subsidiaries of the Company, the lenders party thereto (the "Lenders"), and Citigroup North America, Inc. as agent for the Lenders (the "Administrative Agent"), entered into an Amended and Restated Credit Agreement, dated as of January 30, 2007 (the "Amended Credit Agreement") which amended and restated in its entirety the Credit Agreement among the Company, the Lenders and the Administrative Agent dated as of March 9, 2006, as amended on October 23, 2006 and December 20, 2006.  <br><br>	As disclosed in the Company&#x2019;s Current Report on Form 8-K filed on February 1, 2007 and pursuant to the Amended Credit Agreement, the Company has entered into a Pledge and Security Agreement, dated as of February 6, 2007 pursuant to which the Company granted liens on the equity interests of its direct subsidiaries to the Administrative Agent for the benefit of the Administrative Agent and the Lenders to secure its obligations under the Amended Credit Agreement. The Security Agreement dated as of October 23, 2006 between the Company and the Administrative Agent was also amended by Amendment No. 1 thereto to modify the assets subject to the security interests in favor of the Lenders. Amendment No. 1 to the Security Agreement was filed with the Company's Current Report on Form 8-K dated February 1, 2007.  <br><br>	The foregoing description of the Pledge and Security Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such Agreement, a copy of which is filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference thereto. <br>
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  	Item 9.01 Financial Statements and Exhibits.
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  10.1 &#x2013; Pledge and Security Agreement dated as of February 6, 2007 between the Company and the Administrative Agent.
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  	SIGNATURES
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  	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.
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  	Technical Olympic USA, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	February 12, 2007
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  	&nbsp;
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  <I>
  	By:
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  <I>
  	/s/ Stephen M. Wagman
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  	&nbsp;
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  <I>
  	Name: Stephen M. Wagman
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	10.1
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  	&nbsp;
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  Pledge and Security Agreement dated as of February 6, 2007 between the Company and the Administrative Agent.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_18146.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11583}]
metadata_filer: {"company-data": {"conformed-name": "TECHNICAL OLYMPIC USA INC", "cik": "0001046578", "assigned-sic": "1520", "irs-number": "760460831", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32322", "film-number": "07601484"}, "business-address": {"street1": "4000 HOLLYWOOD BLVD", "street2": "SUITE 500N", "city": "HOLLYWOOD", "state": "FL", "zip": "33021", "phone": "954 364 4000"}, "mail-address": {"street1": "4000 HOLLYWOOD BLVD", "street2": "SUITE 500N", "city": "HOLLYWOOD", "state": "FL", "zip": "33021"}, "former-company": [{"former-conformed-name": "NEWMARK HOMES CORP", "date-changed": "19971117"}, {"former-conformed-name": "NEWMARK REALTY INC", "date-changed": "19970929"}, {"former-conformed-name": "NHC HOLDINGS CORP", "date-changed": "19970923"}]}
text: Technical Olympic USA, Inc. (Form: 8-K)
  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):
  February 6, 2007
  Technical Olympic USA, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  001-32322
  76-0460831
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  4000 Hollywood Blvd., Suite 500 N, Hollywood, Florida
  33021
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  954-364-4000
  Not Applicable
  ______________________________________________
  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:
  [  ]  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  As previously disclosed on January 30, 2007, Technical Olympic USA, Inc. (the "Company"), certain subsidiaries of the Company, the lenders party thereto (the "Lenders"), and Citigroup North America, Inc. as agent for the Lenders (the "Administrative Agent"), entered into an Amended and Restated Credit Agreement, dated as of January 30, 2007 (the "Amended Credit Agreement") which amended and restated in its entirety the Credit Agreement among the Company, the Lenders and the Administrative Agent dated as of March 9, 2006, as amended on October 23, 2006 and December 20, 2006.
  As disclosed in the Company's Current Report on Form 8-K filed on February 1, 2007 and pursuant to the Amended Credit Agreement, the Company has entered into a Pledge and Security Agreement, dated as of February 6, 2007 pursuant to which the Company granted liens on the equity interests of its direct subsidiaries to the Administrative Agent for the benefit of the Administrative Agent and the Lenders to secure its obligations under the Amended Credit Agreement. The Security Agreement dated as of October 23, 2006 between the Company and the Administrative Agent was also amended by Amendment No. 1 thereto to modify the assets subject to the security interests in favor of the Lenders. Amendment No. 1 to the Security Agreement was filed with the Company's Current Report on Form 8-K dated February 1, 2007.
  The foregoing description of the Pledge and Security Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such Agreement, a copy of which is filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference thereto.
  Item 9.01 Financial Statements and Exhibits.
  10.1 – Pledge and Security Agreement dated as of February 6, 2007 between the Company and the Administrative Agent.
  Top of the Form
  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.
  Technical Olympic USA, Inc.
  February 12, 2007
  By:
  /s/ Stephen M. Wagman
  Name: Stephen M. Wagman
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Pledge and Security Agreement dated as of February 6, 2007 between the Company and the Administrative Agent.