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): February 25, 2000
CWMBS, INC.
(Depositor)
(Issuer in respect of Residential Assed Securitization Trust, Series 1999-D)
(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.
Residential Assed Securitization Trust
Series 1999-D
On February 25, 2000, The Bank of New York, as Trustee for CWMBS, INC.,
Residential Assed Securitization Trust Series 1999-D, made a monthly
distribution to Certificate holders of principal and/or interest pursuant to the
Pooling and Servicing Agreement, dated as of February 1, 1999, 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., Residential Assed
Securitization Trust Series 1999-D relating to the
distribution date of February 25, 2000 prepared by The Bank
of New York, as Trustee under the Pooling and Servicing
Agreement dated as of February 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: February 25, 2000
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 February 25, 2000
Payment Date: 02/25/00
------------------------------------------------------------
Independent National Mortgage Corporation
Residential Assed Securitization Trust, Series 1999-D
------------------------------------------------------------
<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 127,830,186.31 6.500000% 3,891,057.38 690,913.97 4,581,971.35 0.00 1,499.54
A2 13,000,000.00 6.500000% 0.00 70,264.17 70,264.17 0.00 152.50
A3 22,700,000.00 6.500000% 0.00 122,692.05 122,692.05 0.00 266.29
OC 0.00 0.000000% 0.00 206,597.34 206,597.34 0.00 0.00
Residual R 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate M1 12,630,000.00 6.500000% 0.00 68,264.34 68,264.34 0.00 148.16
M2 3,528,000.00 6.500000% 0.00 19,068.61 19,068.61 0.00 41.39
M3 2,617,368.00 6.500000% 0.00 14,146.71 14,146.71 0.00 30.70
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 182,305,554.31 - 3,891,057.38 1,191,947.18 5,083,004.56 - 2,138.58
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 123,939,128.93 1,499.54
A2 13,000,000.00 152.50
A3 22,700,000.00 266.29
OC 0.00 0.00
Residual R 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate M1 12,630,000.00 148.16
M2 3,528,000.00 41.39
M3 2,617,368.00 30.70
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 178,414,496.93 2,138.58
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 02/25/00
------------------------------------------------------------
Independent National Mortgage Corporation
Residential Assed Securitization Trust, Series 1999-D
------------------------------------------------------------
<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 127,830,186.31 6.500000% 12669A6C3 22.481395 3.991899 716.084152
A2 13,000,000.00 6.500000% 12669A6D1 0.000000 5.404936 1,000.000000
A3 22,700,000.00 6.500000% 12669A6E9 0.000000 5.404936 1,000.000000
OC 0.00 0.000000% PRIVATE 0.000000 0.000000 0.000000
Residual R 0.00 6.500000% 12669A6F6 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate M1 12,630,000.00 6.500000% 12669A6G4 0.000000 5.404936 1,000.000000
M2 3,528,000.00 6.500000% 12669A6H2 0.000000 5.404936 1,000.000000
M3 2,617,368.00 6.500000% 12669A6J8 0.000000 5.404936 1,000.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 182,305,554.31 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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Independent National Mortgage Corporation
Residential Assed Securitization Trust, Series 1999-D
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 180,121,155.44 180,121,155.44
Aggregated loan count 617 617
Aggregated average loan rate 8.082105% 8.08
Aggregated prepayment amount 3,724,111.28 3,724,111.28
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 0.00 0.00
Monthly sub servicer fees 39,118.83 39,118.83
Monthly trustee fees 1,380.09 1,380.09
Aggregate advances N/A N/A
Advances this periods 43,869.69 43,869.69
- --------------------------------------------------------------------------------
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 4,551,089.36 4,551,089.36
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 89.701154% 100.000000% 163,530,186.31
-----------------------------------------------------------------------------
Junior 10.298846% 0.000000% 18,775,368.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 11 1,448,746.09
60 to 89 days 2 146,044.19
90 or more 2 323,552.53
Foreclosure 3 2,036,479.92
Totals: 18 3,954,822.73
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 1,580,190.27
Current Total Outstanding Number of Loans: 1
<PAGE>
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 5,083,004.56 5,083,004.56
Principal remittance amount 3,891,057.38 3,891,057.38
Interest remittance amount 1,191,947.18 1,191,947.18
