- -------------------------------------------------------------------------------
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): May 24, 1999
CWABS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of May 1, 1999, providing for
the issuance of the CWABS, INC., Asset-Backed Certificates,
Series 1999-2).
CWABS, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-60823 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 Computational Materials
- ---------------------------------
Pursuant to Rule 424(b) 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 prospectus
supplement with the Securities and Exchange Commission relating to its
Asset-Backed Certificates, Series 1999-2.
In connection with the offering of the Asset-Backed Certificates, Series
1999-2, Lehman Brothers Inc. ("Lehman Brothers"), as underwriter of the
Offered Certificates, has prepared certain materials (the "Lehman Brothers
Computational Materials") for distribution to their potential investors.
Although the Company provided Lehman Brothers with certain information
regarding the characteristics of the Mortgage Loans in the related portfolio,
the Company did not participate in the preparation of the Lehman Brothers
Computational Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The Lehman Brothers Computational Materials, which are listed as Exhibit 99.1
hereto are filed on Form SE dated June 3, 1999.
- --------------
* Capitalized terms used and not otherwise defined herein shall have
the meanings assigned to them in the prospectus dated October 26,
1998 and the prospectus supplement dated May 19, 1999, of CWABS,
Inc., relating to its Asset-Backed Certificates, Series 1999-2.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
- -------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Lehman Brothers Computational Materials filed on Form
SE dated June 3, 1999.
<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: June 3, 1999
<PAGE>
Exhibit Index
Exhibit Page
- ------- ----
99.1 Lehman Brothers Incorporated Computational Materials filed on
Form SE dated June 3, 1999.
