- --------------------------------------------------------------------------------
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 19, 1999
CWABS, INC., (as depositor under the Pooling and Servicing
Agreement, to be dated as of August 30, 1999, providing for the
issuance of the CWABS, Inc., Countrywide Home Equity Loan Trust
1999-C Revolving Home Equity Loan Asset Backed Certificates, Series
1999-C).
CWABS, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-84365 95-4596514
- ---------------------------- ----------- -------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
--------------------- ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 225-3240
- --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
Filing of Certain Materials
Pursuant to Rule 424(b)(2) under the Securities Act of 1933, concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the
"Form 8-K"), CWABS, Inc. (the "Company") is filing a prospectus and a
prospectus supplement with the Securities and Exchange Commission (the
"Commission") relating to its Revolving Home Equity Loan Asset Backed
Certificates, Series 1999-C (the "Certificates").
In connection with the offering of the Revolving Home Equity Loan Asset
Backed Certificates, Series 1999-C, Greenwich Capital Markets, Inc.
("Greenwich Capital") and Countrywide Securities Corporation ("Countrywide",
and together with Greenwich Capital, the "Underwriters"), as underwriters of
the Certificates, have prepared certain materials ("Computational Materials")
for distribution to their potential investors (the "Greenwich Capital
Computational Materials" and the "Countrywide Computational Materials",
respectively). Although the Company provided the Underwriters with certain
information regarding the characteristics of the Mortgage Loans (the "Loans")
in the related portfolio, the Company did not participate in the preparation
of the Computational Materials by Greenwich Capital or Countrywide.
Concurrently with the filing hereof, pursuant to Rule 311(i) of Regulation
S-T, the Company is filing the Greenwich Capital Computational Materials and
the Countrywide Computational Materials by paper filing on Form SE.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying with respect to the
Certificates, any of the following: yield; average life; duration; expected
maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise) of
a statistical, mathematical, tabular or computational nature. The Greenwich
Capital Computational Materials are attached hereto as Exhibit 99.1 and the
Countrywide Computational Materials are attached hereto as Exhibit 99.2.
_______
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated August 12, 1999 and the
prospectus supplement dated August 19, 1999, of CWABS, Inc., relating to its
Revolving Home Equity Loan Asset Backed Certificates, Series 1999-C.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Greenwich Capital Computational Materials
99.2 Countrywide Computational Materials
<PAGE>
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.
CWABS, INC.
By: /s/ David Walker
-----------------------
David Walker
Vice President
Dated: August 19, 1999
<PAGE>
Exhibit Index
- -------------
Exhibit Page
- ------- ----
99.1 Greenwich Capital Computational Materials 8
99.2 Countrywide Computational Materials 9
<PAGE>
EXHIBIT 99.1
Greenwich Capital Markets, Computational Materials
In accordance with Rule 311(i) of Regulation S-T, the Greenwich Capital
Markets, Computational Materials are being filed on paper pursuant to Form SE.
<PAGE>
EXHIBIT 99.2
Countrywide Computational Materials
In accordance with Rule 311(i) of Regulation S-T, the Countrywide
Computational Materials are being filed on paper pursuant to Form SE.
<PAGE>
