SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 10-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: December 31, 1999
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission file number: 033-63714-A7
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CWMBS, Inc.
Resecuritization Mortgage Trust,
Resecuritization Pass Through Certificates Series 1999-5
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(Exact name of Registrant as specified in its charter)
Delaware 95-4449516
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(State or other jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
c/o The Bank of New York
101 Barclay Street
New York, New York 10286
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 815-2007
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Securities registered pursuant to Section 12(b) of the Act: None
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Securities registered pursuant to Section 12(g) of the Act: None
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Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
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Indicate by check mark if disclosure of delinquent filers pursuant to item 405
of Regulation S-K is not contained herein, and will be contained, to the best
of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. [ ]
State the aggregate market value of the voting and non-voting common equity
stock held by non-affiliates of the Registrant: Not applicable
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Indicate the number of shares of common stock of the Registrant outstanding as
of December 31, 1999: Not applicable
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DOCUMENTS INCORPORATED BY REFERENCE
None.
* * *
This Annual Report on Form 10-K (the "Report") is filed with respect
to the trust fund entitled CHL Mortgage Pass-Through Trust 1999-5 (the "Trust
Fund") formed pursuant to the trust agreement dated as of March 25, 1999 (the
"Trust Agreement") among CWMBS, Inc., as depositor (the "Company"), Greenwich
Capital Markets, Inc., as underlying certificate seller, and The Bank of New
York, as trustee (the "Trustee"), for the issuance of CWMBS, Inc.,
Resecuritization Mortgage Trust, Series 1999-5 (the "Certificates"). Certain
information otherwise required to be included in this Report by the
Instructions to Form 10-K has been omitted in reliance on the relief granted
to the Company in CWMBS, Inc. (February 3, 1994) (the "Relief Letter").
PART I
ITEM 1. BUSINESS
Not applicable. See the Relief Letter.
ITEM 2. PROPERTIES
Not applicable. See the Relief Letter.
ITEM 3. LEGAL PROCEEDINGS
There were no material pending legal proceedings relating to
the Trust Fund to which any of the Trust Fund, the Trustee
or the Company was a party or of which any of their
respective properties was the subject during the fiscal year
covered by this Report, nor is the Company aware of any such
proceedings contemplated by governmental authorities.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matter was submitted to a vote of Certificateholders, and
no Certificateholder consent was solicited during the fiscal
year covered by this Report.
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
(a) There is no established public trading market for the
Certificates.
(b) As of December 31, 1999 there were less than 300 holders of
record of the Certificates.
(c) Not applicable. (Information as to distributions to
Certificateholders is provided in the Registrant's monthly filings
on Form 8-K.)
ITEM 6. SELECTED FINANCIAL DATA
Not applicable. See the Relief Letter.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Not applicable. See the Relief Letter.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not applicable. See the Relief Letter.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Not applicable. See the Relief Letter.
ITEM 11. EXECUTIVE COMPENSATION
Not applicable. See the Relief Letter.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
(a) Not applicable. See the Relief Letter.
(b) Not applicable. See the Relief Letter.
(c) Not applicable. See the Relief Letter.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
(a) Not applicable. See the Relief Letter.
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(a) (1) Not Applicable.
(2) Not applicable.
(3) The required exhibits are as follows:
Exhibit 3(i): Copy of Company's
Certificate of Incorporation (Filed as an
Exhibit to Registration Statement on Form
S-3 (File No. 33-63714)).
Exhibit 3(ii): Copy of Company's
By-laws (Filed as an Exhibit to
Registration Statement on Form S-3
(File No. 33-53614)).
Exhibit 4: Trust Agreement
(Filed as part of the Registrant's Current
Report on Form 8-K filed on November 5,
1999).
(b) Current Reports on Form 8-K filed during the last
quarter ending December 31, 1999:
Date of Current Report Item Reported
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October 25, 1999 Monthly Report sent to
certificateholders with the
October 1999 distribution
November 25, 1999 Monthly Report sent to
certificateholders with the
November 1999 distribution
December 27, 1999 Monthly Report sent to
certificateholders with the
December 1999 distribution
(c) See subparagraph (a)(3) above.
(d) Not applicable. See the Relief Letter.
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT
TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No such annual report, proxy statement, form of proxy or other
soliciting material has been sent to Certificateholders. See the Relief
Letter.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
CWMBS, INC.,
RESECURITIZATION MORTGAGE TRUST,
SERIES 1999-5
By: The Bank of New York,
as Trustee*
By: /s/ Courtney Bartholomew
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Name: Courtney Bartholomew
Title: Assistant Vice President
Date: March 23, 2000
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* This Report is being filed by the Trustee on behalf of the Trust
Fund. The Trust Fund does not have any officers or directors.
EXHIBIT INDEX
Sequential
Exhibit Document Page Number
3(i) Company's Certificate of Incorporation (Filed as an Exhibit to
Registration Statement on Form S-3 (File No. 33-63714)) *
3(ii) Company's By-laws (Filed as an Exhibit to Registration Statement
on Form S-3 (File No. 33-63714)) *
4 Trust Agreement (Filed as part of the Company's
Current Report on Form 8-K filed on November 5, 1999) *
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* Incorporated herein by reference.
