CWABS INC
8-K, 2000-11-27
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 27, 2000

         CWABS, INC. (as depositor under the Sale and Servicing Agreement, to
be dated as of November 28, 2000, relating to the Revolving Home Equity Loan
Asset Backed Notes, Series 2000-D).


                                  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) 225-3240

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<PAGE>

ITEM 5. OTHER EVENTS.
----    ------------

         The financial statements of Financial Guaranty Insurance Company
("FGIC") as of December 31, 1999 and 1998, and for each of the years in the
three-year period ended December 31, 1999 that are included in this Form 8-K
have been audited by KPMG LLP. The consent of KPMG LLP to the inclusion of
their audit report on such financial statements in this Form 8-K and their
being named as "experts" in the Prospectus Supplement relating to Revolving
Home Equity Loan Asset Backed Notes, Series 2000-D, is attached hereto as
Exhibit 23.1.

         The audited financial statements of FGIC as of December 31, 1999 and
December 31, 1998, and for each of the years in the three-year period ended
December 31, 1999 are attached hereto as Exhibit 99.1. The unaudited financial
statements of FGIC as of September 30, 2000 and for the periods ending
September 30, 2000 and September 30, 1999 are attached hereto as Exhibit 99.2.



<PAGE>


ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
----    -----------------------------------------

         INFORMATION AND EXHIBITS.
         ------------------------

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits:

         23.1     Consent of KPMG LLP

         99.1     Audited Financial Statements of FGIC as of December 31, 1999
                  and 1998, and for each of the years in the three-year period
                  ended December 31, 1999

         99.2     Unaudited Financial Statements of FGIC as of September 30,
                  2000 and for the periods ending September 30, 2000 and
                  September 30, 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/ Michael Muir
                                                    -------------------
                                                    Michael Muir
                                                    Vice President


Dated: November 27, 2000



<PAGE>


EXHIBIT INDEX
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Exhibit           Description
-------           -----------

23.1              Consent of KPMG LLP

99.1              Audited Financial Statements of FGIC as of December 31, 1999
                  and 1998, and for each of the years in the three-year period
                  ended December 31, 1999

99.2              Unaudited Financial Statements of FGIC as of September 30,
                  2000 and for the periods ending September 30, 2000 and
                  September 30, 1999




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