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): March 25, 2000
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2000-1)
(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 2000-1
On March 25, 2000, The Bank of New York, as Trustee for CWMBS, INC., Mortgage
Pass-Through Certificates Series 2000-1, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of January 1, 2000, 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 2000-1 relating to the distribution date
of March 25, 2000 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of January 1, 2000.
<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: March 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 March 25, 2000
Payment Date: 03/25/00
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 2000-1
------------------------------------------------------------
<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 150,103,855.72 7.500000% 1,925,520.41 938,149.10 2,863,669.51 0.00 0.00
A2 36,421,000.00 7.500000% 0.00 227,631.25 227,631.25 0.00 0.00
A3 20,705,000.00 8.000000% 0.00 138,033.33 138,033.33 0.00 0.00
A4 1,380,258.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A5 25,000,000.00 7.500000% 0.00 156,250.00 156,250.00 0.00 0.00
PO 720,082.70 0.000000% 1,058.08 0.00 1,058.08 0.00 0.00
X 215,611,322.72 0.538054% 0.00 96,675.51 96,675.51 0.00 0.00
Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate M 6,144,007.50 7.500000% 4,134.92 38,400.05 42,534.97 0.00 0.00
B1 2,758,207.66 7.500000% 1,856.27 17,238.80 19,095.07 0.00 0.00
B2 1,254,185.00 7.500000% 844.07 7,838.66 8,682.72 0.00 0.00
B3 1,128,266.83 7.500000% 759.32 7,051.67 7,810.99 0.00 0.00
B4 501,674.00 7.500000% 337.63 3,135.46 3,473.09 0.00 0.00
B5 753,264.73 7.500000% 506.95 4,707.90 5,214.85 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 246,869,802.14 - 1,935,017.65 1,635,111.73 3,570,129.38 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 148,178,335.31 0.00
A2 36,421,000.00 0.00
A3 20,705,000.00 0.00
A4 1,380,258.00 0.00
A5 25,000,000.00 0.00
PO 719,024.62 0.00
X 213,706,472.58 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate M 6,139,872.58 0.00
B1 2,756,351.38 0.00
B2 1,253,340.94 0.00
B3 1,127,507.50 0.00
B4 501,336.38 0.00
B5 752,757.79 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 244,934,784.49 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 03/25/00
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 2000-1
------------------------------------------------------------
<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 150,103,855.72 7.500000% 12669BMN9 12.488782 6.084765 961.073650
A2 36,421,000.00 7.500000% 12669BMP4 0.000000 6.250000 1,000.000000
A3 20,705,000.00 8.000000% 12669BMQ2 0.000000 6.666667 1,000.000000
A4 1,380,258.00 0.000000% 12669BMR0 0.000000 0.000000 1,000.000000
A5 25,000,000.00 7.500000% 12669BMS8 0.000000 6.250000 1,000.000000
PO 720,082.70 0.000000% 12669BMV1 1.467578 0.000000 997.298698
X 215,611,322.72 0.538054% 12669BMW9 0.000000 0.440096 972.856313
Residual AR 0.00 7.500000% 12669BMX7 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate M 6,144,007.50 7.500000% 12669BMY5 0.672563 6.245941 998.678038
B1 2,758,207.66 7.500000% 12669BMZ2 0.672563 6.245941 998.678038
B2 1,254,185.00 7.500000% 12669BNA6 0.672563 6.245941 998.678038
B3 1,128,266.83 7.500000% 12669BNK4 0.672563 6.245941 998.678038
B4 501,674.00 7.500000% 12669BNL2 0.672563 6.245941 998.678038
B5 753,264.73 7.500000% 12669BNM0 0.672563 6.245941 998.678038
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 246,869,802.14 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 2000-1
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 244,934,784.49 244,934,784.49
Aggregated loan count 679 679
Aggregated average loan rate 8.223213% 8.22
Aggregated prepayment amount 1,768,707.43 1,768,707.43
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 50,793.42 50,793.42
Monthly sub servicer fees 3,362.25 3,362.25
Monthly trustee fees 1,851.52 1,851.52
Aggregate advances N/A N/A
Advances this periods 21,477.83 21,477.83
- --------------------------------------------------------------------------------
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 5,019,102.00 5,019,102.00
Special Hazard 2,509,551.00 2,509,551.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.923804% 100.000000% 234,330,196.41
-----------------------------------------------------------------------------
Junior 5.076196% 0.000000% 12,531,166.57
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,515,245.74
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 6 2,515,245.74
- --------------------------------------------------------------------------------
<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 3,570,129.38 3,570,129.38
Principal remittance amount 1,935,017.65 1,935,017.65
Interest remittance amount 1,635,111.73 1,635,111.73
