CWABS INC
8-K, 2000-11-20
ASSET-BACKED SECURITIES
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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): November 16, 2000


                    CWABS, INC., (as depositor under the
               Pooling and Servicing Agreement, dated as of
               November 1, 2000, providing for the issuance
               of the CWABS, INC., Asset-Backed
               Certificates, Series 2000-4).

                                  CWABS, INC.
             ----------------------------------------------------
            (Exact name of registrant as specified in its charter)


          Delaware                     333-38686                 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) 225-3237
                                                          ----- --------


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<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 2000-4.

     In connection with the offering of the Asset-Backed Certificates, Series
2000-4, 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
November 20, 2000.


 ________
*    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 2000-4.


<PAGE>



Item 7.  Financial Statements, Pro Forma Financial

Information and Exhibits.
------------------------

(a)  Not applicable.

(b)  Not applicable.

(c)  Exhibits:

          99.1  CSC Computational Materials filed on Form SE dated November 20,
                2000.

          99.2  Greenwich Computational Materials filed on Form SE dated
                November 20, 2000.


<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/ Michael Muir
                                                     -----------------------
                                                       Michael Muir
                                                       Vice President


Dated:  November 20, 2000


<PAGE>


Exhibit Index
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Exhibit                                                                    Page
-------                                                                    ----

99.1   Countrywide Securities Corporation Computational Materials filed
       on Form SE dated November 20, 2000.

99.2   Greenwich Capital Markets, Inc. Computational Materials filed
       on Form SE dated November 20, 2000.





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