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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: March 30, 2000
(Date of earliest event reported)
CMC SECURITIES CORPORATION III
(Exact name of Registrant as specified in its charter)
Delaware 33-47913 75-2431913
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
8401 N. Central Expressway
Suite 800
Dallas, Texas 75225
(Address of Principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
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Item 5. Other Events.
Reference is hereby made to the Registrant's Registration Statement on
Form S-3 (File No. 33-47913) filed with the Securities and Exchange Commission
(the "Commission") on May 14, 1992, as amended by Amendment No. 1 thereto filed
with the Commission on August 7, 1992, as further amended by Post Effective
Amendment No. 1 thereto filed with the Commission on September 16, 1993, as
further amended by Post Effective Amendment No. 2 thereto filed with the
Commission on December 13, 1993, and as further amended by Post Effective
Amendment No. 3 thereto filed with the Commission on February 14, 1994
(collectively, the "Registration Statement"), pursuant to which the Registrant
registered $4,000,000,000 aggregate principal amount of its collateralized
mortgage obligations, issuable in various series, for sale in accordance with
the provisions of the Securities Act of 1933, as amended (the "Act"). Reference
is also hereby made to the Prospectus dated March 30, 2000 and the related
Prospectus Supplement, dated March 30, 2000 (collectively, the "Prospectus"),
which will be filed with the Commission pursuant to Rule 424(b)(5), with respect
to the Registrant's Collateralized Mortgage Obligations, Series 2000-1 (the
"Bonds").
The Registrant is filing this Current Report on Form 8-K to file the
Consent of Independent Accountants to the incorporation by reference in the
Prospectus Supplement of the accountants' report dated February 3, 2000 on the
audits of the consolidated financial statements of MBIA Insurance Corporation
and Subsidiaries. The Consent of Independent Accountants is set forth in Exhibit
23.1 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
23.1 Consent of Independent Accountants
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Signature
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 hereunto duly authorized.
CMC SECURITIES CORPORATION III
March 30, 2000 By: /s/ Andrew F. Jacobs
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Andrew F. Jacobs
Executive Vice President - Finance
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
23.1 Consent of Independant Accountants
</TABLE>
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EXHIBIT 23.1
Consent of Independent Accountants
We consent to the incorporation by reference in the Prospectus Supplement of CMC
Securities Corporation III relating to Collateralized Mortgage Obligations,
Series 2000-1, of our report dated February 2, 2000 on our audits of the
consolidated financial statements of MBIA Insurance Corporation and Subsidiaries
as of December 31, 1999 and 1998 and for each of the three years in the period
ended December 31, 1999. We also consent to the reference to our Firm under the
caption "Experts".
By: /s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
March 30, 2000
