|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: EAGLE FAMILY FOODS HOLDINGS INC, S-4/A, 1998-06-15 |
Next: CAMELOT MUSIC HOLDINGS INC, S-1, 1998-06-15 |
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): 2/25/98
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass Through Certificates, Series 98-A)
(Exact name of registrant as specified in charter)
Delaware 333-40145-07 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 98-A
On February 25, 1998, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass Through Certificates Series 1998-A, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of January 1, 1998, 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
1998-A relating to the distribution date of February 25, 1998 prepared by
The Bank of New York, as Trustee under the Pooling and Servicing Agreement
dated as of January 1, 1998.
<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: February 25, 1998
CSMBS, INC.
By: /s/ Kelly A Sheahan
Name: Kelly A. Sheahan
Assistant Treasurer
The Bank of New York,
as Trustee
INDEPENDENT NATIONAL MORTGAGE CORPORATION
Mortgage Pass-Through Certificates, Series 1998-A
Residential Asset Securitization Trust 1998A-1
Current Payment Information
Class Information
<TABLE>
<CAPTION>
Beginning Pass Thru Principal
Type Class Code Name Cert. Bal. Rate Dist. Amt.
---- ---------- ---- ---------- ---- ----------
<S> <C> <C> <C> <C> <C>
Senior A-1 307,651,940.00 7.00000% 6,318,514.87
A-2 39,125,000.00 6.75000% 0.00
A-3 16,835,000.00 6.75000% 0.00
A-4 106,500,000.00 6.75000% 0.00
A-5 119,750,479.00 6.75000% 0.00
A-6 11,394,516.00 N/A 234,019.06
A-7 79,275,000.00 6.75000% 0.00
A-8 15,406,000.00 6.75000% 0.00
X-1 579,896,000.00 1.06100% N/A
X-2 162,437,907.00 1.06100% N/A
Residual A-R 100.00 6.75000% 100.00
Subordinate B-1 23,010,000.00 6.75000% 14,036.77
B-2 8,910,000.00 6.75000% 5,435.36
B-3 5,196,000.00 6.75000% 3,169.71
B-4 4,082,000.00 6.75000% 2,490.14
B-5 2,227,000.00 6.75000% 1,358.54
B-6 2,970,872.00 6.75000% 1,812.32
Totals - - 742,333,907.00 - 6,580,936.77
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Interest Total Principal Interest Ending Cert./ Unpaid
Dist. Amt. Dist. Losses Shortfalls Notional Bal. Interest
---------- ----- ------ ---------- ------------- --------
<S> <C> <C> <C> <C> <C>
1,794,636.32 8,113,151.18 0.00 0.00 301,333,425.13 0.00
220,078.13 220,078.13 0.00 0.00 39,125,000.00 0.00
94,696.88 94,696.88 0.00 0.00 16,835,000.00 0.00
599,062.50 599,062.50 0.00 0.00 106,500,000.00 0.00
673,596.44 673,596.44 0.00 0.00 119,750,479.00 0.00
N/A 234,019.06 0.00 0.00 11,160,496.94 0.00
445,921.88 445,921.88 0.00 0.00 79,275,000.00 0.00
86,658.75 86,658.75 0.00 0.00 15,406,000.00 0.00
512,890.97 512,890.97 N/A 0.00 576,190,618.65 0.00
143,668.75 143,668.75 N/A 0.00 159,562,351.60 0.00
0.56 100.56 0.00 0.00 0.00 0.00
129,431.25 143,468.02 0.00 0.00 22,995,963.23 0.00
50,118.75 55,554.11 0.00 0.00 8,904,564.64 0.00
29,227.50 32,397.21 0.00 0.00 5,192,830.29 0.00
22,961.25 25,451.39 0.00 0.00 4,079,509.86 0.00
12,526.88 13,885.41 0.00 0.00 2,225,641.46 0.00
16,711.16 18,523.47 0.00 0.00 2,969,059.68 0.00
4,832,187.95 11,413,124.72 - - 735,752,970.23
</TABLE>
<PAGE>
Current Payment Information
Class Information
<TABLE>
<CAPTION>
Beginning Pass Thru CUSIP
Type Class Code Name Cert. Bal.(Face) Rate Numbers
---- ---------- ---- ---------------- ---- -------
<S> <C> <C> <C> <C> <C>
Senior A-1 0.00 7.000000 12669AGH1
A-2 0.00 6.750000 12669AGJ7
A-3 0.00 6.750000 12669AGK4
A-4 0.00 6.750000 12669AGL2
A-5 0.00 6.750000 12669AGM0
A-6 0.00 N/A 12669AGN8
A-7 0.00 6.750000 12669AGP3
A-8 0.00 6.750000 12669AGQ1
X-1 0.00 1.061000 12669AGR9
X-2 0.00 1.061000 12669AGS7
Residual A-R 0.00 6.750000 12669AGT5
Subordinate B-1 0.00 6.750000 12669AGU2
B-2 0.00 6.750000 12669AGV0
B-3 0.00 6.750000 12669AGW8
B-4 0.00 6.750000 12669AHZ0
B-5 0.00 6.750000 12669AJA3
B-6 0.00 6.750000 12669AJB1
Totals - - 0.00 - -
</TABLE>
<PAGE>
COLLATERAL INFORMATION
<TABLE>
<CAPTION>
Total
-----
<S> <C> <C>
Aggregate stated principal balance 742,333,907.00 742,333,907.00
Aggregate Loan count 4,809 4,809
Weighted average loan rate 7.962746% 7.962746%
Aggregate prepayment amount 6,128,091.29 6,128,091.29
</TABLE>
FEES AND ADVANCES
<TABLE>
<CAPTION>
Total
-----
<S> <C> <C>
Monthly master servicing fees 77,326.45 77,326.45
Monthly sub servicer fees 61,242.56 61,242.56
Monthly trustee feees 5,567.51 5,567.51
</TABLE>
<TABLE>
<CAPTION>
Total
-----
<S> <C> <C>
Aggregate advances 75,219.15 75,219.15
Advances this Period 75,219.15 75,219.15
</TABLE>
LOSSES & INSURANCE COVERAGES
<TABLE>
<CAPTION>
Total
-----
<S> <C> <C>
Net realized losses (this period) 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00
Coverage Amounts
- ----------------
Bankruptcy 177,964.00 177,964.00
Fraud 14,846,678.00 14,846,678.00
Special Hazard 7,423,339.00 7,423,339.00
</TABLE>
Class Aggregate Aggregate Aggregate
Type Percentages Prepay Pct. End Cert. Bal.
---- ----------- ----------- --------------
Senior 93.697943% 100.000000% 689,385,401.07
Subordinate 6.302057% 0.000000% 46,367,569.16
<PAGE>
DELINQUENCY INFORMATION
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 58 9,927,604.91
60 to 90 days 0 0.00
91 or more 0 0.00
Forclosure 0 0.00
Totals: 58 9,927,604.91
REO INFORMATION
REO Date Loan Number Ending Stated Balalnce Book Value
-------- ----------- ---------------------- ----------
n/a # 0 n/a
n/a # 0 n/a
n/a # 0 n/a
n/a # 0 n/a
n/a # 0 n/a
n/a # 0 n/a
n/a # 0 n/a
n/a # 0 n/a
Totals: 0.00 0.00
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0.00
OTHER INFORMATION
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 11,506,784.03 11,506,784.03
Principal remittance amount 6,580,936.77 6,580,936.77
Interest remittance amount 4,925,847.26 4,925,847.26
|
|