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): 8/25/97
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass Through Certificates, Series 97-F)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
155 N. Lake Avenue, Pasadena, CA 911009-7137
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
Item 5. Other Events
CWMBS, INC.
Mortgage Pass Through Certificates
Series 97-F
On August 25 1997, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass Through Certificates Series 1997-F, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 1, 1997, among CWMBS, Inc. as Depositor,
Independent National Mortgage Corporation, Seller and Master Servicer and The
Bank of New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of CWMBS, Inc., Mortgage Pass Through Certificates Series
1997-F relating to the distribution date of August 25, 1997 prepared by The
Bank of New York, as Trustee under the Pooling and Servicing Agreement
dated as of July 1, 1997.
<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 thereunto duly authorized. Dated: August 25, 1997
CSMBS, INC.
By: /s/ Kelly A Sheahan
Name: Kelly A. Sheahan
Assistant Treasurer
The Bank of New York,
as Trustee
Payment Date: 08/25/97
-------------------------------------------------
INDEPENDENT NATIONAL MORTGAGE CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-F
RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-6
-------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
- ------------------------------------------------------------------------------------------------------------------------------------
Beggining Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior 2638 A-1 54,620,333.00 7.250000% 1,223,920.15 329,997.85 1,553,917.99 0.00 0.00
2639 A-2 16,100,000.00 7.250000% 0.00 97,270.83 97,270.83 0.00 0.00
2640 A-3 33,607,170.00 7.250000% 100,506.22 203,043.32 303,549.54 0.00 0.00
2641 A-4 23,893,806.00 7.250000% 0.00 144,358.41 144,358.41 0.00 0.00
2642 A-5 8,891,000.00 7.250000% 0.00 53,716.46 53,716.46 0.00 0.00
2643 A-6 20,700,000.00 7.250000% 0.00 125,062.50 125,062.50 0.00 0.00
2644 A-7 6,125,000.00 7.250000% 0.00 37,005.21 37,005.21 0.00 0.00
2645 PO 349,658.00 0.000000% 1,292.76 N/A 1,292.76 0.00 N/A
2646 X 161,689,569.42 0.000000% N/A 122,839.44 122,839.44 N/A 0.00
Residual 2650 A-R 100.00 7.250000% 100.00 0.60 100.60 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
Subordinate 2647 B-1 4,902,807.00 7.250000% 14,662.42 29,621.13 44,283.55 0.00 0.00
2648 B-2 946,155.00 7.250000% 2,829.59 5,716.35 8,545.94 0.00 0.00
2649 B-3 602,099.00 7.250000% 1,800.65 3,637.68 5,438.33 0.00 0.00
2651 B-4 516,085.00 7.250000% 1,543.41 3,118.01 4,661.43 0.00 0.00
2652 B-5 344,056.00 7.250000% 1,028.94 2,078.67 3,107.61 0.00 0.00
2653 B-6 430,074.04 7.250000% 1,286.19 2,598.36 3,884.55 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Totals - - 172,028,343.04 - 1,348,970.33 1,160,064.82 2,509,035.15 - -
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Class Information
- ------------------------------------------------------------
Ending Cert./ Unpaid
Type Class Code Name Notional Bal. Interest
- ------------------------------------------------------------
Senior 2638 A-1 53,396,412.85 0.00
2639 A-2 16,100,000.00 0.00
2640 A-3 33,506,663.78 0.00
2641 A-4 23,893,806.00 0.00
2642 A-5 8,891,000.00 0.00
2643 A-6 20,700,000.00 0.00
2644 A-7 6,125,000.00 0.00
2645 PO 348,365.24 0.00
2646 X 160,377,210.45 0.00
Residual 2650 A-R 0.00 0.00
- ------------------------------------------------------------
Subordinate 2647 B-1 4,888,144.58 0.00
2648 B-2 943,325.41 0.00
2649 B-3 600,298.35 0.00
2651 B-4 514,541.59 0.00
2652 B-5 343,027.06 0.00
2653 B-6 428,787.85 0.00
- ------------------------------------------------------------
- ------------------------------------------------------------
Totals - - 170,679,372.71
- ------------------------------------------------------------
<PAGE>
Payment Date: 08/25/97
-------------------------------------------------
INDEPENDENT NATIONAL MORTGAGE CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-F
RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-6
-------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
- -----------------------------------------------------------------------------------------------------------------------
Beggining Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Senior 2638 A-1 54,620,333.00 7.250000% 1266915J9 22.407775 6.041667 977.592225
2639 A-2 16,100,000.00 7.250000% 1266915K6 0.000000 6.041667 1,000.000000
2640 A-3 33,607,170.00 7.250000% 1266915L4 2.990618 6.041667 997.009382
2641 A-4 23,893,806.00 7.250000% 1266915M2 0.000000 6.041667 1,000.000000
2642 A-5 8,891,000.00 7.250000% 1266915N0 0.000000 6.041667 1,000.000000
2643 A-6 20,700,000.00 7.250000% 1266915P5 0.000000 6.041667 1,000.000000
2644 A-7 6,125,000.00 7.250000% 1266915Q3 0.000000 6.041667 1,000.000000
2645 PO 349,658.00 0.000000% 1266915R1 3.697212 0.000000 996.302787
2646 X 161,689,569.42 0.000000% 1266915S9 0.000000 0.759724 991.883465
Residual 2650 A-R 100.00 7.250000% 1266915T7 1,000.000000 6.000000 0.000000
- -----------------------------------------------------------------------------------------------------------------------
Subordinate 2647 B-1 4,902,807.00 7.250000% 1266915U4 2.990618 6.041667 997.009382
2648 B-2 946,155.00 7.250000% 1266915V2 2.990618 6.041667 997.009382
2649 B-3 602,099.00 7.250000% 1266915W0 2.990618 6.041667 997.009382
2651 B-4 516,085.00 7.250000% 1266915X8 2.990618 6.041667 997.009382
2652 B-5 344,056.00 7.250000% 1266915Y6 2.990618 6.041667 997.009382
2653 B-6 430,074.04 7.250000% 1266915Z3 2.990618 6.041667 997.009382
- -----------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------
Totals - - 172,028,343.04 - - - - -
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 08/25/97
-------------------------------------------------
INDEPENDENT NATIONAL MORTGAGE CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-F
RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-6
-------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregate stated principal balance 172,028,343.04 172,028,343.04
Aggregate Loan count 1,594 1,594
Weighted average loan rate 8.092142% 8.092142%
Aggregate prepayment amount 834,305.63 834,305.63
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 17,919.62 17,919.62
Monthly sub servicer fees 35,979.71 35,979.71
Monthly trustee feees 1,290.21 1,290.21
Aggregate advances 19,809.82 19,809.82
Advances this Period 19,809.82 19,809.82
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Fraud 3,440,567.00 3,440,567.00
Special Hazard 1,982,314.00 1,982,314.00
Aggregate Certificate Information
------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentages Prepay Pct. End Cert. Bal.
------------------------------------------------------------------
Senior 95.490834% 100.000000% 162,961,247.87
------------------------------------------------------------------
Subordinate 4.509166% 0.000000% 7,718,124.84
------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 22 1,986,301.87
60 to 90 days 0 0.00
91 or more 0 0.00
Foreclosure 0 0.00
Totals: 22 1,986,301.87
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
n/a # 0.00 n/a
n/a # 0.00 n/a
n/a # 0.00 n/a
n/a # 0.00 n/a
n/a # 0.00 n/a
n/a # 0.00 n/a
n/a # 0.00 n/a
n/a # 0.00 n/a
Totals: 0.00 0.00
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawl Total/Ending Bal.
---------------- -----------------
Available remittance amount 2,509,035.11 2,509,035.11
Principal remittance amount 1,348,970.33 1,348,970.33
Interest remittance amount 1,160,064.78 1,160,064.78
