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): 10/27/97
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass Through Certificates, Series 97-6)
(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 97-6
On October 27 1997, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass Through Certificates Series 1997-6, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of September 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
1997-6 relating to the distribution date of October 27, 1997 prepared by
The Bank of New York, as Trustee under the Pooling and Servicing Agreement
dated as of September 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: October 27, 1997
CSMBS, INC.
By: /s/ Kelly A Sheahan
Name: Kelly A. Sheahan
Assistant Treasurer
The Bank of New York,
as Trustee
Payment Date: 10/27/97
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COUNTRYWIDE HOME LOANS
Mortgage Pass-Through Certificates, Series 1997-6
-------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Ending Cert./ Unpaid/Deferred Remaining
Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Notional Balance Balance Unpaid Interest
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2825 A-1 9,740,000.00 6.750000% 0.00 54,787.50 54,787.50 9,740,000.00 0.00 0.00
2826 A-2 20,086,000.00 6.750000% 0.00 112,983.75 112,983.75 20,086,000.00 0.00 0.00
2827 A-3 15,360,000.00 6.750000% 0.00 86,400.00 86,400.00 15,360,000.00 0.00 0.00
2828 A-4 14,554,000.00 6.750000% 0.00 81,866.25 81,866.25 14,554,000.00 0.00 0.00
2829 A-5 4,120,000.00 7.250000% N/A 24,891.67 24,891.67 4,120,000.00 0.00 0.00
2830 A-6 39,147,500.00 7.250000% 148,992.81 236,516.15 385,508.96 38,998,507.19 0.00 0.00
2831 A-7 110,004,500.00 7.250000% 333,455.41 664,610.52 998,065.93 109,671,044.59 0.00 0.00
2832 A-8 7,694,000.00 7.250000% 662,095.68 0.00 662,095.68 7,078,388.91 46,484.58 0.00
2833 A-9 10,739,000.00 7.250000% 0.00 64,881.46 64,881.46 10,739,000.00 0.00 0.00
2834 A-1 60,000,000.00 7.250000% 0.00 362,500.00 362,500.00 60,000,000.00 0.00 0.00
2835 PO 268,263.00 N/A 898.16 N/A 898.16 267,364.84 0.00 0.00
2836 X 268,381,994.54 0.385073% N/A 86,122.30 86,122.30 267,314,362.77 0.00 0.00
2837 A-R 200.00 7.250000% 200.00 2.33 202.33 0.00 0.00 0.00
2844 M 3,754,486.00 7.250000% 2,567.04 22,683.35 25,250.39 3,751,918.96 0.00 0.00
2838 B-1 3,754,486.00 7.250000% 2,567.04 22,683.35 25,250.39 3,751,918.96 0.00 0.00
2839 B-2 2,553,051.00 7.250000% 1,745.59 15,424.68 17,170.27 2,551,305.41 0.00 0.00
2840 B-3 901,076.00 7.250000% 616.09 5,444.00 6,060.09 900,459.91 0.00 0.00
2841 B-4 901,076.00 7.250000% 616.09 5,444.00 6,060.09 900,459.91 0.00 0.00
2842 B-5 901,078.00 7.250000% 616.09 5,444.01 6,060.10 900,461.91 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
Totals - 300,358,716.00 1,154,370.00 1,852,685.33 3,007,055.33 299,250,830.58 46,484.58 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 10/27/97
-------------------------------------------------
COUNTRYWIDE HOME LOANS
Mortgage Pass-Through Certificates, Series 1997-6
-------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Aggregate Scheduled Principal 205,389.46
Aggregate Prepayment Amount 902,495.96
Aggregate Liquidation Proceeds 0.00
Pool Stated Principal Balance after distribution 299,251,016.61
- --------------------------------------------------------------------------------
FEES & ADVANCES
- --------------------------------------------------------------------------------
Monthly master servicer fees paid 35,114.45 72,575.03
Advances included in this distribution 33,091.06 50,509.31
Aggregate Advances Outstanding
- --------------------------------------------------------------------------------
LOSSES & INSURANCES COVERAGES
- --------------------------------------------------------------------------------
Net realized losses (this period)
Cumulative losses (from Cut-Off)
Bankruptcy Loss COverage Amount
Fraud Loss Coverage Amount
Special Hazard Loss Coverage Amount
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
1 mo. 0 0.00
2 mos. 0 0.00
3+MOS 0 0.00
in foreclosure 0 0.00
Totals 0 0.00
- --------------------------------------------------------------------------------
TOTAL REO INFORMATION
- --------------------------------------------------------------------------------
Total Number of REO Properties 0
Total Principal Balance of REO Properties 0.00
- --------------------------------------------------------------------------------
NEW REO INFORMATION
- --------------------------------------------------------------------------------
(Mortgage Loans that became REO Properties during the preceding calendar month)
Loan Number Stated Principal Balance
----------- -------------------------
0 0.00
0 0.00
- --------------------------------------------------------------------------------
Aggregate Certificate Information for the following distribution date
- --------------------------------------------------------------------------------
Class Aggregate Aggregate
Type Percentages Prepay. Pct.
- --------------------------------------------------------------------------------
Senior 95.74619823% 100.00000000%
Subordinate 4.25380177% 0.00000000%
- --------------------------------------------------------------------------------
<PAGE>
Payment Date: 10/27/97
-------------------------------------------------
COUNTRYWIDE HOME LOANS
Mortgage Pass-Through Certificates, Series 1997-6
-------------------------------------------------
Original Certificate Information
Class Information
-----------------------------------------------
- ------------------- Original Pass Thru Cusip
Type Name Cert. Bal. Rate Numbers
- --------------------------------------------------------------
Senior A-1 9,740,000.00 6.750000% 126691AA2
A-2 20,086,000.00 6.750000% 126691AB0
A-3 15,360,000.00 6.750000% 126691AC8
A-4 14,554,000.00 6.750000% 126691AD6
A-5 4,120,000.00 7.250000% 126691AE4
A-6 39,147,500.00 7.250000% 126691AF1
A-7 110,004,500.00 7.250000% 126691AG9
A-8 7,694,000.00 7.250000% 126691AH7
A-9 10,739,000.00 7.250000% 126691AJ3
A-10 60,000,000.00 7.250000% 126691AK0
PO 268,263.00 N/A 126691AL8
X 268,381,994.54 0.385073% 126691AM6
Residual A-R 200.00 7.250000% 126691AN4
Subordinate M 3,754,486.00 7.250000% 126691AP9
B-1 3,754,486.00 7.250000% 126691AQ7
B-2 2,553,051.00 7.250000% 126691AR5
B-3 901,076.00 7.250000% 126691AS3
B-4 901,076.00 7.250000% 126691AT1
B-5 901,078.34 7.250000% 126691AU8
- --------------------------------------------------------------
Total 300,358,716.34
- --------------------------------------------------------------
-------------------------------------------
- ------------------- Principal Interest Ending
Type Name Dist. Dist. Cert. Bal
- -------------------------------------------------------------
Senior A-1 0.00000000 5.62500000 1000.000000
A-2 0.00000000 5.62500000 1000.000000
A-3 0.00000000 5.62500000 1000.000000
A-4 0.00000000 5.62500000 1000.000000
A-5 0.00000000 6.04166667 1000.000000
A-6 3.80593427 6.04166667 996.194066
A-7 3.03128879 6.04166667 996.968711
A-8 86.05350632 0.00000000 919.988160
A-9 0.00000000 6.04166667 1000.000000
A-10 0.00000000 6.04166667 1000.000000
PO 3.34806067 0.00000000 996.651939
X 0.00000000 0.32089448 996.021969
Residual A-R 1000.00000000 11.65000000 0.000000
Subordinate M 0.68372655 6.04166667 999.316273
B-1 0.68372655 6.04166667 999.316273
B-2 0.68372655 6.04166667 999.316273
B-3 0.68372655 6.04166667 999.316273
B-4 0.68372655 6.04166667 999.316273
B-5 0.68372629 6.04166439 999.315896
- -------------------------------------------------------------
Total 3,84330448 6.16824225 996311458
- -------------------------------------------------------------
