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): November 25, 1999
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1999-F)
(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-F
On November 25, 1999, The Bank of New York, as Trustee for CWMBS, INC., Mortgage
Pass-Through Certificates Series 1999-F, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 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., Mortgage Pass-Through
Certificates Series 1999-F relating to the distribution date
of November 25, 1999 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of July 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: November 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 November 25, 1999
Payment Date: 11/25/99
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 1999-F
Residential Asset Securitization Trust 1999-A6
------------------------------------------------------------
<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 CB 70,626,966.14 6.500000% 831,405.64 382,562.73 1,213,968.37 0.00 0.00
NB 22,302,581.68 6.500000% 76,100.98 120,805.65 196,906.63 0.00 0.00
PO 704,252.39 0.000000% 5,178.79 0.00 5,178.79 0.00 0.00
X 0.00 0.000000% 0.00 62,453.59 62,453.59 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 2,577,548.92 6.500000% 8,376.71 13,961.72 22,338.43 0.00 0.00
B2 644,386.49 6.500000% 2,094.18 3,490.43 5,584.61 0.00 0.00
B3 396,546.37 6.500000% 1,288.73 2,147.96 3,436.69 0.00 0.00
B4 247,841.10 6.500000% 805.45 1,342.47 2,147.92 0.00 0.00
B5 297,409.53 6.500000% 966.54 1,610.97 2,577.51 0.00 0.00
B6 297,410.45 6.500000% 966.54 1,610.97 2,577.51 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 98,094,943.07 - 927,183.56 589,986.49 1,517,170.05 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior CB 69,795,560.50 0.00
NB 22,226,480.70 0.00
PO 699,073.60 0.00
X 0.00 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 2,569,172.21 0.00
B2 642,292.31 0.00
B3 395,257.64 0.00
B4 247,035.65 0.00
B5 296,442.99 0.00
B6 296,443.91 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 97,167,759.51 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 11/25/99
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 1999-F
Residential Asset Securitization Trust 1999-A6
------------------------------------------------------------
<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 CB 70,626,966.14 6.500000% 12669BEU2 11.534604 5.307529 968.316923
NB 22,302,581.68 6.500000% 12669BEV0 3.340366 5.302627 975.606232
PO 704,252.39 0.000000% 12669BEW8 7.267736 0.000000 981.055814
X 0.00 0.000000% 12669BEX6 0.000000 0.000000 0.000000
Residual AR 0.00 6.500000% 12669BEY4 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 2,577,548.92 6.500000% 12669BEZ1 3.219312 5.365726 987.376422
B2 644,386.49 6.500000% 12669BFA5 3.219319 5.365732 987.376419
B3 396,546.37 6.500000% 12669BFB3 3.219322 5.365728 987.376415
B4 247,841.10 6.500000% 12669BFC1 3.219302 5.365716 987.376396
B5 297,409.53 6.500000% 12669BFD9 3.219300 5.365733 987.376438
B6 297,410.45 6.500000% 12669BFE7 3.219290 5.365716 987.376476
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 98,094,943.07 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 1999-F
Residential Asset Securitization Trust 1999-A6
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
stated principal balance 73,266,072.63 23,901,686.90 97,167,759.53
loan count 779 60 839
average loan rate 7.745085% 7.157522% 7.60
prepayment amount 606,242.49 1,932.62 608,175.11
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
master servicing fees 5,746.21 2,498.29 8,244.50
sub servicer fees 15,447.79 4,996.59 20,444.37
trustee fees 555.83 179.88 735.71
Aggregate advances N/A N/A N/A
Advances this periods 10,694.06 0.00 10,694.06
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 1,000,776.00 1,000,776.00 2,001,552.00
Special Hazard 2,160,777.90 2,160,777.90 4,321,555.80
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 95.466329% 100.000000% 93,633,800.21
-----------------------------------------------------------------------------
Junior 4.533671% 0.000000% 4,446,644.71
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 9 760,360.25
60 to 89 days 2 110,246.24
90 or more 1 50,090.69
Foreclosure 2 185,638.93
Totals: 14 1,106,336.11
- --------------------------------------------------------------------------------
<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 1,517,170.05 1,517,170.05
Principal remittance amount 927,183.56 927,183.56
Interest remittance amount 589,986.49 589,986.49
