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): 16-Oct-00
CWABS, INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF MAY 25, 2000, PROVIDING FOR THE ISSUANCE OF
REVOLVING HOME EQUITY LOAN ASSET BACKED PASS-THROUGH
CERTIFICATES, SERIES 2000-B)
CWABS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 333-84365 95-4596514
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
4500 Park Granada, Calabasas, CA 91302
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: 818-225-3240
Item 5. Other Events
On 16-Oct-00a scheduled distribution was made from the
trust to holders of the certificates. The Trustee has caused
to be filed with the commission, the Monthly Report dated
16-Oct-00The Monthly Report is filed pursuant to and
in accordance with (1) numerous no-action letters (2) current
Commission policy in the area.
A. Monthly Report Information:
See Exhibit No.1
B. Have any deficiencies occurred? NO.
Date:
Amount:
C. Item 1: Legal Proceedings: NONE
D. Item 2: Changes in Securities:NONE
E. Item 4: Submission of Matters to a Vote of Certificateholders: NONE
F. Item 5: Other Information - Form 10-Q, Part II -
Items 1,2,4,5 if applicable: NOT APPLICABLE
Item 7. Monthly Statements and Exhibits
Exhibit No.
1. Monthly Distribution Report dated 16-Oct-00
COUNTRYWIDE HOME EQUITY LOAN TRUST
ASSET BACKED PASS-THROUGH CERTIFICATES
SERIES 2000-B
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 16-Oct-00
Beginning
Certificate
Class Balance(1) Principal Interest
A-1 363,929,055.37 3,437,363.12 2,100,060.20
A-2 167,314,340.87 2,289,560.19 987,102.33
R 0.00 0.00 0.00
Total 531,243,396.24 5,726,923.31 3,087,162.53
Ending
Certificate
Class Cusip Losses Balance
A-1 126671JE7 0.00 360,491,692.25
A-2 126671JF4 0.00 165,024,780.68
R 0.00 0.00
Total 0.00 525,516,472.93
AMOUNTS PER $1,000 UNIT
Class Principal Interest Total
A-1 9.41743321 5.75358959 15.17102279
A-2 12.37600103 5.33568827 17.71168930
Ending Current
Certificate Pass-Through
Class Balance Losses Interest Rate
A-1 987.64847192 0.00 6.70125%
A-2 892.02584151 0.00 6.85125%
Investor Certificate Rates based on a LIBOR of: 6.62125%
Distribution 16-Oct-00
Distribution Statement
Pooling and Servicing Agreement Dated May 25, 2000
Group 1 Group 2
(i) Investor Floating Allocation Percentage 99.56577% 99.92386%
(ii)Investor Certificate Distribution Amount 5,537,423.323,276,662.52
(iiiInvestor Certificate Interest 2,100,060.20 987,102.33
(iv)Unpaid Investor Cert Int Shortfall paid 0.00 0.00
Per $1000 of Original Investor Cert Prin Bal 0.000000 0.000000
(v) Remaining Unpaid Investor Cert Int Sfall 0.00 0.00
Per $1000 of Original Investor Cert Prin Bal 0.0000000 0.0000000
(vi)Principal Distributed
(viiInvestor Loss Amount paid as principal 0.00 0.00
Investor Loss Reduction Amounts paid as prin 0.00 0.00
Accelerated Principal Distribution Amount 182,710.21 83,256.26
Scheduled Principal Distribution Amount 3,254,652.912,206,303.93
Guaranteed Principal Distribution Amount 0.00 0.00
Total Principal Distributed 3,437,363.122,289,560.19
(viiUnreimbursed Investor Loss Reduction Amnt 0.00 0.00
Per $1000 of Original Investor Cert Prin Bal 0.0000000 0.0000000
(ix)Basis Risk Carryforward Distributed 0.00 0.00
(x) Basis Risk Carryforward Remaining 0.01 0.01
(xi)Servicing Fee 152,298.44 69,767.43
(xiiGroup 1
Invested Amount (before distributions) 363,929,055.37
Invested Amount (after distributions) 360,491,692.25
Investor Cert Prin Bal (after distributions) 360,491,692.25
Loan Group Factor 0.9876633
Group 2
Invested Amount (before distributions) 167,314,340.87
Invested Amount (after distributions) 165,024,780.68
Investor Cert Prin Bal (after distributions) 165,024,780.68
Loan Group Factor 0.8921490
(xiiGroup 1 Asset Balance of Mortgage Loans 362,261,600.47
Group 2 Asset Balance of Mortgage Loans 165,235,525.90
(xivCredit Enhancement Draw Amount 0.00 0.00
(xv)Delinquency Information
Group 1
Count Balance % of Group Bal
30-59 days 17 725,202.89 0.200188%
60-89 days 4 164,189.47 0.045323%
90 or more days 3 41,500.00 0.011456%
Total 24 930,892.36 0.256967%
Group 2
Count Balance % of Group Bal
30-59 days 6 256,242.34 0.155077%
60-89 days 3 144,750.00 0.087602%
90 or more days 1 18,800.00 0.011378%
Total 10 419,792.34 0.254057%
*Note: The above statistics do not include loans
in foreclosure proceedings or REO properties.
(xviForeclosure and REO Information
Group 1
Count Balance % of Group Bal
Foreclosure 0 0.00 0.000000%
REO 0 0.00 0.000000%
Total 0 0.00 0.000000%
Group 2
Count Balance % of Group Bal
Foreclosure 0 0.00 0.000000%
REO 0 0.00 0.000000%
Total 0 0.00 0.000000%
Group 1 Group 2
(xviOptional Serv Adv (Cur Collection Period) 0.00 0.00
Optional Servicer Advances (Outstanding) 0.00 0.00
(xviInvestor Certificate Rate 6.70125% 6.85125%
(xixMortgage Loans retransferred to the Transferor
pursuant to Sect. 2.04 and 2.06
Count 0 0
Principal Balance 0.00 0.00
(xx)Subordinated Transferor Collections 1,587,198.01 127,488.96
(xxiOvercollateralization Step-Down Amount 0.00 0.00
(xxiGroup 1
Available Transferor Subordinated Amount 1,587,198.01
Required Transferor Subordinated Amount 5,474,917.86
Transferor Interest Collections 10,283.35
Transferor Principal Collections 8,128,414.43
Group 2
Available Transferor Subordinated Amount 127,488.96
Required Transferor Subordinated Amount 2,774,616.77
Transferor Interest Collections 831.30
Transferor Principal Collections 4,657,045.54
(xxiCrossover Amount 0.00 0.00
(xxv)
Funds on deposit in the Reserve Fund (Beg) 0.00
Reserve Fund Deposit 0.00
Reserve Fund Withdrawal 0.00
Reserve Fund Release to Transferor 0.00
Funds on deposit in the Reserve Fund (End) 0.00
Other information
Group 1 Group 1 Group 2
Transferor Principal Balance (Beginning) 1,587,198.01
Transferor Principal Balance (Ending) 1,769,908.22
Fixed Allocation Percentage 99.57%
Periods until Step-Down Remittance Date 27
Group 2
Transferor Principal Balance (Beginning) 127,488.96
Transferor Principal Balance (Ending) 210,745.22
Fixed Allocation Percentage 99.92%
Periods until Step-Down Remittance Date
Mortgage Loans Payment Summary
Interest Received 2,520,454.641,161,585.42
Net Liquidation Proceeds (Allocable to Int) 0.00 0.00
Insurance Proceeds (Allocable to Interest) 0.00 0.00
Servicer Optional Advance (Allocable to Int) 0.00 0.00
Purchase Price Sect. 2.02 (a) (Allocable Int) 0.00 0.00
Purchase Price (90+ D Delinq) (Alloc. to Int) 0.00 0.00
Residual Advance 0.00 0.00
Total Interest 2,520,454.641,161,585.42
Group 1
Begining Balance 365,516,253.38
Principal Collections 11,383,067.34
Net Liquidation Proceeds (Alloc. to Princ 0.00
Insurance Proceeds (Alloc. to Principal) 0.00
Purchase Price Sect. 2.02 (a) (Alloc. to 0.00
Purchase Price (90+ D Delinq) (Alloc. to 0.00
Loans Removed by Servicer Sect. 2.06 0.00
Transfer Deposit Amount per Sect. 2.02 (a 0.00
Total Principal 11,383,067.34
Group 2
Begining Balance 167,441,829.83
Principal Collections 6,863,349.47
Net Liquidation Proceeds (Alloc. to Principal) 0.00
Insurance Proceeds (Alloc. to Principal) 0.00
Purchase Price Sect. 2.02 (a) (Alloc. to Prin) 0.00
Purchase Price (90+ D Delinq) (Alloc. to Prin) 0.00
Loans Removed by Servicer Sect. 2.06 0.00
Transfer Deposit Amount per Sect. 2.02 (a) 0.00
Total Principal 6,863,349.47
Additional Balances 8,128,414.43 4,657,045.54
Ending Principal Balance 362,261,600.47 165,235,525.90
Total Collections 13,751,223.54 7,955,167.46
Alternative Principal Payment 3,254,652.91 2,206,303.93
Group 1 Loans Average Daily Balance 366,076,590.94
Group 2 Loans Average Daily Balance 167,245,119.55
Weighted Average Loan Rate 8.3233% 8.3138%
Excess Interest 0.00 0.00
Loan Modification Summary Current
Loans with Senior Lien Bal Mod (CLTV<80%) 0.00
Loans with Senior Lien Bal Mod (CLTV>80%) 22,700.00
Loans with Credit Limit Modification 0.00
Loans with Gross Margin Modification 0.00
Loan Modification Summary Cumulative % of Initial
Loans with Senior Lien Bal Mod (CLTV<80%) 0.00 0.00%
Loans with Senior Lien Bal Mod (CLTV>80%) 102,535.00 0.02%
Loans with Credit Limit Modification 0.00 0.00%
Loans with Gross Margin Modification 0.00 0.00%
Credit Enhancer Information
Amt due to Credit Enhancer from Prepay Sfall 0.00 0.00
AMBAC Surety Bond in force? YES YES
Credit Enhancement Draw Amount 0.00 0.00
Guaranteed Principal Distribution Amount 0.00 0.00
Guaranteed Distribution 2,100,060.20 987,102.33
Credit Enhancement Premium 45,061.46 20,628.10
Fannie Mae Guarantee Fee 30,040.98
Fannie Mae Guarantee Payment Amount 0.00
Overcollateralization
Required O/C Amount 3,887,719.852,647,127.81
Beginning O/C Amount 0.00 0.00
Ending O/C Amount 0.00 0.00
End O/C Amt (% of Orig Pool Balance) 0.0000% 0.0000%
Liquidation Loss Amount (Current Period) 0.00 0.00
Liquidation Loss Amount (Cumulative) 0.00 0.00
Cumulative Loss Step-Up Percentage 0.00%
Cumulative Loss Test Violated? NO
Rolling Six Month Delinquency Test Violated? NO
Monthly Delinquency Rate 0.0693%
Rolling Six Month Delinquency Rate 0.0455%
Required Subordinated Percentage 1.50% 1.50%
Balance used for Required Subordinated AmountInitial Bal Initial Bal
Initial Subordinated Amount ($5,476.29)($25,548.88)
Can Required Transferor Sub Amt be Reduce NO NO
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 thereunto duly authorized.
CWABS, INC.
By: /s/ Barbara Grosse
Name: Barbara Grosse
Title: Vice President
Bank One
Date 10/31/00
