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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): May 9, 2000
CWABS, INC., (as depositor under the Pooling and Servicing Agreement, to be
dated as of May 25, 2000, providing for the issuance of the CWABS, Inc.,
Countrywide Home Equity Loan Trust 2000-B, Revolving Home Equity Loan Asset
Backed Certificates, Series 2000-B).
CWABS, INC.
(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) 225-3237
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Item 5. Other Events.
Filing of Certain Materials
Pursuant to Rule 424(b)(2) 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 a
prospectus supplement with the Securities and Exchange Commission (the
"Commission") relating to its Revolving Home Equity Loan Asset Backed
Certificates, Series 2000-B, Class A-2 (the "Certificates").
In connection with the offering of the Revolving Home Equity Loan Asset
Backed Certificates, Series 2000-B, Class A-2, Countrywide Securities
Corporation ( the "Underwriter"), as underwriter of the Certificates, has
prepared certain materials ("Computational Materials") for distribution to its
potential investors. Although the Company provided the Underwriter with
certain information regarding the characteristics of the Mortgage Loans (the
"Loans") in the related portfolio, the Company did not participate in the
preparation of the Computational Materials. Concurrently with the filing
hereof, pursuant to Rule 311(i) of Regulation S-T, the Company is filing the
Computational Materials by paper filing on Form SE.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying with respect to the
Certificates, any of the following: yield; average life; duration; expected
maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise) of
a statistical, mathematical, tabular or computational nature. The
Computational Materials are attached hereto as Exhibit 99.1.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated February 18, 2000 and the
prospectus supplement dated May 22, 2000, of CWABS, Inc., relating to its
Revolving Home Equity Loan Asset Backed Certificates, Series 2000-B, Class
A-2.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials
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: May 9, 2000
Exhibit Index
Exhibit Page
99.1 Computational Materials
Exhibit 99.1
Computational Materials
In accordance with Rule 311(i) of Regulation S-T, the Computational
Materials are being filed on paper pursuant to Form SE.
