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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): February 9, 2000
CWABS, INC., (as depositor under the Pooling and Servicing
Agreement, dated as of February 1, 2000, providing for the
issuance of the CWABS, INC., Asset-Backed Certificates, Series
2000-1).
CWABS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-84365 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) 225-3240
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6
Item 5. Other Events.
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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 2000-1.
In connection with the offering of the Asset-Backed Certificates, Series
2000-1, Salomon Smith Barney Inc. ("SSB"), as underwriter of the Offered
Certificates, has prepared certain materials (the "SSB Computational
Materials") for distribution to their potential investors. Similarly,
Countrywide Securities Corporation ("CSC"), as underwriter of the Offered
Certificates, has prepared certain materials (the "CSC Computational
Materials") for distribution to their potential investors. Although the
Company provided SSB and CSC with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company
did not participate in the preparation of the SSB Computational Materials or
the CSC 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 SSB Computational Materials, which are listed as Exhibit 99.1 hereto and
the CSC Computational Materials, which are listed as Exhibit 99.2 hereto, are
filed on Form SE dated February 9, 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 2000-1.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 SSB Computational Materials filed on Form SE dated
February 9, 2000.
99.2 CSC Computational Materials filed on Form SE dated.
February 9, 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: February 9, 2000
Exhibit Index
Exhibit Page
99.1 Salomon Smith Barney Inc. Computational Materials filed on
Form SE dated February 9, 2000.
99.2 Countrywide Securities Corporation Computational Materials
filed on Form SE dated February 9, 2000.
