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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 18, 2000
CWABS, INC., (as depositor under the Pooling and Servicing
Agreement, dated as of August 1, 2000, providing for the issuance of
the CWABS, INC., Asset-Backed Certificates, Series 2000-3).
CWABS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-38686 95-4596514
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 225-3237
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Item 5. Other Events.
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Filing of Computational Materials
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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 2000-3.
In connection with the offering of the Asset-Backed Certificates, Series
2000-3, Countrywide Securities Corporation ("CSC") and Greenwich Capital
Markets, Inc. ("Greenwich"), as underwriters of the Offered Certificates, have
prepared certain materials (the "CSC Computational Materials" and the
"Greenwich Computational Materials") for distribution to their potential
investors. Although the Company provided CSC and Greenwich with certain
information regarding the characteristics of the Mortgage Loans in the related
portfolio, the Company did not participate in the preparation of the CSC
Computational Materials, or the Greenwich 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 CSC Computational Materials and Greenwich Computational Materials, which
are listed as Exhibit 99.1 and Exhibit 99.2 hereto, are filed on Form SE dated
August 18, 2000.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus and the prospectus supplement
of CWABS, Inc., relating to its Asset-Backed Certificates, Series 2000-3.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 CSC Computational Materials filed on Form SE dated
August 18, 2000.
99.2 Greenwich Computational Materials filed on Form SE dated
August 18, 2000.
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/ Michael Muir
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Michael Muir
Vice President
Dated: August 18, 2000
Exhibit Index
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Exhibit Page
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99.1 Countrywide Securities Corporation Computational
Materials filed on Form SE dated August 18, 2000.
99.2 Greenwich Capital Markets, Inc. Computational
Materials filed on Form SE dated August 18, 2000.
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
August 18, 2000
BY MODEM
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: CWABS, Inc.
Asset-Backed Certificates, Series 2000-3
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Ladies and Gentlemen:
On behalf of CWABS, Inc. (the "Company"), we enclose herewith for filing,
pursuant to the Securities and Exchange Act of 1934, as amended, the Company's
Current Report on Form 8-K, for Computational Materials in connection with the
above-referenced transaction.
Pursuant to a continuing hardship exemption letter dated November 6,
1996, as provided in Rule 202 of Regulation S-T, and pursuant to Rule 311(i)
of Regulation S-T, Exhibit 99.1 will be filed on Friday, August 18, 2000 in
paper on Form SE.
Very truly yours,
/s/ Zafar Sobhan
Zafar Sobhan
Enclosure
