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-B)
(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-B
On March 25, 2000, The Bank of New York, as Trustee for CWMBS, INC., Mortgage
Pass-Through Certificates Series 2000-B, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of February 1, 2000, 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 2000-B 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 February 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
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 2000-B
Residential Asset Securitization Trust 2000-A2
------------------------------------------------------------
<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 CB1 105,960,198.00 8.500000% 291,729.26 750,551.40 1,042,280.66 0.00 0.00
CB2 6,622,513.00 0.000000% 18,233.08 0.00 18,233.08 0.00 0.00
NB1 66,686,332.00 8.000000% 846,471.01 444,575.55 1,291,046.55 0.00 0.00
NB2 2,000,000.00 8.000000% 0.00 13,333.33 13,333.33 0.00 0.00
NB3 17,552,195.00 8.000000% 0.00 117,014.63 117,014.63 0.00 0.00
NB4 3,522,344.00 8.000000% 0.00 0.00 0.00 0.00 0.00
PO 697,528.98 0.000000% 3,048.05 0.00 3,048.05 0.00 0.00
X 0.00 0.000000% 0.00 78,653.01 78,653.01 0.00 0.00
Residual AR 100.00 8.000000% 100.00 0.67 100.67 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,614,045.00 8.000000% 4,857.81 50,760.30 55,618.11 0.00 0.00
B2 3,972,545.00 8.000000% 2,534.51 26,483.63 29,018.14 0.00 0.00
B3 2,206,969.00 8.000000% 1,408.06 14,713.13 16,121.19 0.00 0.00
B4 1,544,878.00 8.000000% 985.64 10,299.19 11,284.83 0.00 0.00
B5 772,439.00 8.000000% 492.82 5,149.59 5,642.41 0.00 0.00
B6 1,544,883.16 8.000000% 985.64 10,299.22 11,284.87 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 220,696,970.14 - 1,170,845.87 1,521,833.66 2,692,679.53 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior CB1 105,668,468.74 0.00
CB2 6,604,279.92 0.00
NB1 65,839,860.99 0.00
NB2 2,000,000.00 0.00
NB3 17,552,195.00 0.00
NB4 3,545,826.29 0.00
PO 694,480.93 0.00
X 0.00 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,609,187.19 0.00
B2 3,970,010.49 0.00
B3 2,205,560.94 0.00
B4 1,543,892.36 0.00
B5 771,946.18 0.00
B6 1,543,897.52 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 219,549,606.56 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 03/25/00
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 2000-B
Residential Asset Securitization Trust 2000-A2
------------------------------------------------------------
<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 CB1 105,960,198.00 8.500000% 12669BNR9 2.753197 7.083333 997.246803
CB2 6,622,513.00 0.000000% 12669BNS7 2.753197 0.000000 997.246803
NB1 66,686,332.00 8.000000% 12669BNT5 12.693321 6.666667 987.306679
NB2 2,000,000.00 8.000000% 12669BNU2 0.000000 6.666667 1,000.000000
NB3 17,552,195.00 8.000000% 12669BNV0 0.000000 6.666667 1,000.000000
NB4 3,522,344.00 8.000000% 12669BNW8 0.000000 0.000000 1,006.666667
PO 697,528.98 0.000000% 12669BNX6 4.369776 0.000000 995.630224
X 0.00 0.000000% 12669BNY4 0.000000 0.000000 0.000000
Residual AR 100.00 8.000000% 12669BNZ1 1,000.000000 6.717195 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,614,045.00 8.000000% 12669BPA4 0.638006 6.666667 999.361994
B2 3,972,545.00 8.000000% 12669BPB2 0.638006 6.666667 999.361994
B3 2,206,969.00 8.000000% 12669BPC0 0.638006 6.666667 999.361994
B4 1,544,878.00 8.000000% 12669BPD8 0.638006 6.666667 999.361994
B5 772,439.00 8.000000% 12669BPE6 0.638006 6.666667 999.361994
B6 1,544,883.16 8.000000% 12669BPF3 0.638006 6.666667 999.361994
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 220,696,970.14 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 2000-B
Residential Asset Securitization Trust 2000-A2
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Stated prin. bal. 122,485,029.80 97,064,576.76 219,549,606.56
Loan count 991 245 1236
Average loan rate 9.227380% 9.035453% 9.14
Prepayment amount 238,072.16 767,877.84 1,005,950.00
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 3,884.87 3,130.02 7,014.89
Monthly sub servicer fees 73,364.66 53,512.01 126,876.68
Monthly trustee fees 921.01 734.21 1,655.23
Aggregate advances N/A N/A N/A
Advances this periods 10,573.91 4,967.21 15,541.12
- --------------------------------------------------------------------------------
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 4,413,939.00 4,413,939.00 8,827,878.00
Special Hazard 5,247,206.14 5,247,206.14 10,494,412.28
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 92.004695% 100.000000% 203,041,210.98
-----------------------------------------------------------------------------
Junior 7.995305% 0.000000% 17,644,494.68
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 14 1,818,934.21
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 14 1,818,934.21
- --------------------------------------------------------------------------------
<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 2,692,679.53 2,692,679.53
Principal remittance amount 1,170,845.87 1,170,845.87
Interest remittance amount 1,521,833.66 1,521,833.66
