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): August 25, 1999
CWMBS, INC
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1999-12)
(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 91110-7137
(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 1999-12
On August 25, 1999, The Bank of New York, as Trustee for CWMBS, INC, Mortgage
Pass-Through Certificates Series 1999-12, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of September 1, 1999, among CWMBS, INC as
Depositor, Countrywide Home Loans, 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 1999-12 relating to the distribution
date of August 25, 1999 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of September 1, 1999.
<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, 1999
CWMBS, INC
By: /s/ Kelly A. Sheahan
------------------------------
Name: Kelly A. Sheahan
Assistant Treasurer
The Bank of New York,
as Trustee
<PAGE>
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated August 25, 1999
Payment Date: 08/25/99
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-12
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning 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 A1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A3 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A4 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A5 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A6 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A7 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A8 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A9 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A10 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A11 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A12 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A13 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A14 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A15 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A16 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A17 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A18 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A19 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A20 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A21 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A22 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A23 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A24 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A25 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A26 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A27 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A28 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A29 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A30 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A31 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A32 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A33 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A34 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A35 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A36 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A37 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
PO 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
X 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
M 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
B1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
B2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
B3 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
B4 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
B5 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 0.00 - 0.00 0.00 0.00 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 131,729,800.00 0.00
A2 10,000,000.00 0.00
A3 10,000,000.00 0.00
A4 39,000,000.00 0.00
A5 500,000.00 0.00
A6 500,000.00 0.00
A7 500,000.00 0.00
A8 500,000.00 0.00
A9 500,000.00 0.00
A10 500,000.00 0.00
A11 500,000.00 0.00
A12 500,000.00 0.00
A13 500,000.00 0.00
A14 500,000.00 0.00
A15 5,000,000.00 0.00
A16 500,000.00 0.00
A17 500,000.00 0.00
A18 500,000.00 0.00
A19 500,000.00 0.00
A20 500,000.00 0.00
A21 500,000.00 0.00
A22 500,000.00 0.00
A23 500,000.00 0.00
A24 500,000.00 0.00
A25 500,000.00 0.00
A26 400,000.00 0.00
A27 400,000.00 0.00
A28 400,000.00 0.00
A29 400,000.00 0.00
A30 400,000.00 0.00
A31 400,000.00 0.00
A32 400,000.00 0.00
A33 400,000.00 0.00
A34 400,000.00 0.00
A35 400,000.00 0.00
A36 312,000.00 0.00
A37 23,500,000.00 0.00
PO 3,359,794.12 0.00
X 175,686,891.86 0.00
M 6,109,572.00 0.00
B1 2,743,073.00 0.00
B2 1,246,851.00 0.00
B3 1,122,166.00 0.00
B4 498,741.00 0.00
B5 748,177.88 0.00
Residual AR 100.00 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 249,370,275.00 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 08/25/99
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-12
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
- ------------------------------------------------------------------------------------------------------------------------
Beginning 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 A1 0.00 0.000000% 12669BHC9 0.000000 0.000000 1,000.000000
A2 0.00 0.000000% 12669BHD7 0.000000 0.000000 1,000.000000
A3 0.00 0.000000% 12669BHE5 0.000000 0.000000 1,000.000000
A4 0.00 0.000000% 12669BHF2 0.000000 0.000000 1,000.000000
A5 0.00 0.000000% 12669BHG0 0.000000 0.000000 1,000.000000
A6 0.00 0.000000% 12669BHH8 0.000000 0.000000 1,000.000000
A7 0.00 0.000000% 12669BHJ4 0.000000 0.000000 1,000.000000
A8 0.00 0.000000% 12669BHK1 0.000000 0.000000 1,000.000000
A9 0.00 0.000000% 12669BHL9 0.000000 0.000000 1,000.000000
A10 0.00 0.000000% 12669BHM7 0.000000 0.000000 1,000.000000
A11 0.00 0.000000% 12669BHN5 0.000000 0.000000 1,000.000000
A12 0.00 0.000000% 12669BHP0 0.000000 0.000000 1,000.000000
A13 0.00 0.000000% 12669BHQ8 0.000000 0.000000 1,000.000000
A14 0.00 0.000000% 12669BHR6 0.000000 0.000000 1,000.000000
A15 0.00 0.000000% 12669BHS4 0.000000 0.000000 1,000.000000
A16 0.00 0.000000% 12669BHT2 0.000000 0.000000 1,000.000000
A17 0.00 0.000000% 12669BHU9 0.000000 0.000000 1,000.000000
A18 0.00 0.000000% 12669BHV7 0.000000 0.000000 1,000.000000
A19 0.00 0.000000% 12669BHW5 0.000000 0.000000 1,000.000000
A20 0.00 0.000000% 12669BHX3 0.000000 0.000000 1,000.000000
A21 0.00 0.000000% 12669BHY1 0.000000 0.000000 1,000.000000
A22 0.00 0.000000% 12669BHZ8 0.000000 0.000000 1,000.000000
A23 0.00 0.000000% 12669BJA1 0.000000 0.000000 1,000.000000
A24 0.00 0.000000% 12669BJB9 0.000000 0.000000 1,000.000000
A25 0.00 0.000000% 12669BJC7 0.000000 0.000000 1,000.000000
A26 0.00 0.000000% 12669BJD5 0.000000 0.000000 1,000.000000
A27 0.00 0.000000% 12669BJE3 0.000000 0.000000 1,000.000000
A28 0.00 0.000000% 12669BJF0 0.000000 0.000000 1,000.000000
A29 0.00 0.000000% 12669BJG8 0.000000 0.000000 1,000.000000
A30 0.00 0.000000% 12669BJH6 0.000000 0.000000 1,000.000000
A31 0.00 0.000000% 12669BJJ2 0.000000 0.000000 1,000.000000
A32 0.00 0.000000% 12669BJK9 0.000000 0.000000 1,000.000000
A33 0.00 0.000000% 12669BJL7 0.000000 0.000000 1,000.000000
A34 0.00 0.000000% 12669BJM5 0.000000 0.000000 1,000.000000
A35 0.00 0.000000% 12669BJZ6 0.000000 0.000000 1,000.000000
A36 0.00 0.000000% 12669BJN3 0.000000 0.000000 1,000.000000
A37 0.00 0.000000% 12669BJP8 0.000000 0.000000 1,000.000000
PO 0.00 0.000000% 12669BJQ6 0.000000 0.000000 1,000.000000
X 0.00 0.000000% 12669BJR4 0.000000 0.000000 1,000.000000
M 0.00 0.000000% 12669BJT0 0.000000 0.000000 1,000.000000
B1 0.00 0.000000% 12669BJU7 0.000000 0.000000 1,000.000000
B2 0.00 0.000000% 12669BJV5 0.000000 0.000000 1,000.000000
B3 0.00 0.000000% 12669BJW3 0.000000 0.000000 1,000.000000
B4 0.00 0.000000% 12669BJX1 0.000000 0.000000 1,000.000000
B5 0.00 0.000000% 12669BJY9 0.000000 0.000000 1,000.000000
Residual AR 0.00 0.000000% 12669BJS2 0.000000 0.000000 1,000.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 0.00 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-12
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 0.00 0.00
Aggregated loan count 0 0
Aggregated average loan rate 0.000000% 0.00
Aggregated prepayment amount 0.00 0.00
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 0.00 0.00
Monthly sub servicer fees 0.00 0.00
Monthly trustee fees 0.00 0.00
Aggregate advances N/A N/A
Advances this periods 0.00 0.00
- --------------------------------------------------------------------------------
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
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 0.00 0.00
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 0.000000% 100.000000% 0.00
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 0 0.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 0 0.00
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance 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 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
<PAGE>
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 0.00 0.00
Principal remittance amount 0.00 0.00
Interest remittance amount 0.00 0.00
