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): December 25, 1996
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates,
Series 1996-A SPMD)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
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(State or other (Commission File No. (I.R.S. Employer
jurisdiction of Identification No.)
organization)
155 N. Lake Avenue, Pasadena, CA 911009-7137
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
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(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 1996-A
On December 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-A SPMD, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of January 1, 1996, 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
1 Report to Holders of CWMBS, Inc., Mortgage Pass-Through
Certificates Series 1996-A relating to the distribution date
of December 25, 1996 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of August 1, 1996.
<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: December 25, 1996
CSMBS, INC.
By: /s/ Jonathan Chayes
-------------------
Name: Jonathan Chayes
Assistant Treasurer
The Bank of New York,
as Trustee
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EXHIBIT INDEX
Exhibit Page
1. Monthly Remittance Statement dated 5
December 25, 1996
THE BANK OF NEW YORK
CORPORATE TRUST AND AGENCY SERVICES
101 BARCLAY STREET
NEW YORK, NEW YORK 10286
CWMBS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES SPMD 1996-A
HOME EQUITY MORTGAGE LOAN ASSET BACKED TRUST
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.03 OF THE
POOLING AND SERVICING AGREEMENTS DATED FEBRUARY 1, 1996
Distribution Date 12/26/96
<TABLE>
<CAPTION>
SINGLE TOTAL
4.03(i) Reduction of the Stated Amount of Certificates CUSIP # CERTIFICATE AMOUNT
<S> <C> <C> <C> <C>
Class A-1 Certificates. 12669lXZ2 $41.81543822 $656,502.38
Class A-2 Certificates. 126691YA6 $22.79522140 $1,139,761.07
Class A-3 Certificates. 126691YB4 $0.00000000 $0.00
Class A-4 Certificates. 126691YC2 $0.00000000 $0.00
Class A-5 Certificates. 12669IYD0 $0.00000000 $0.00
Class A-6 Certificates. 126691YE8 $0.00000000 $0.00
Class A-7 Certificates. 126691YG3 $20.86916503 $1,721,080.04
Class R Certificates. 126691YF5 $0.00000000 $0.00
Class OC Certificates n/a $0.00000000 $0.00
Total Amount 3,517,343.49
Aggregate amount of any Principal Prepayments 2,942,843.03
</TABLE>
<TABLE>
<CAPTION>
4.03(ii) Amount of distribution representing interest SINGLE TOTAL
CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. $5.03637261 $79,071.05
Class A-2 Certificates. $5.42295180 $271,147.59
Class A-3 Certificates. $5.80000000 $75,980.00
Class A-4 Certificates. $6.05833333 $72,700.00
Class A-5 Certificates. $6.32500027 $119,257.88
Class A-6 Certificates. $6.51250052 $62,777.90
Class A-7 Certificates. $4.81529587 $397,117.45
Class R Certificates. $0.00000000 $0.00
Class OC Certificates $0.00000000 $0.00
Total Amount 1,078,051.87
</TABLE>
4.03(iii) Amount of interest shortfall 0.00
<TABLE>
<CAPTION>
4.03(iv) Stated Amount of Certificates after this
Distribution
ORIGINAL SINGLE TOTAL
BALANCE CERTIFICATE AMOUNT
<S> <C> <C> <C> <C>
Class A-1 Certificates. 15,700,000.00 $858.87718408 $13,484,371.79
Class A-2 Certificates. 50,000,000.00 $923.06846480 $46,153,423.24
Class A-3 Certificates. 13,100,000.00 $1,000.00000000 $13,100,000.00
Class A-4 Certificates. 12,000,000.00 $1,000.00000000 $12,000,000.00
Class A-5 Certificates. 18,855,000.00 $1,000.00000000 $18,855,000.00
Class A-6 Certificates. 9,639,600.00 $1,000.00000000 $9,639,600.00
Class A-7 Certificates. 82,470,000.00 $955.67856784 $78,814,811.49
Class R Certificates. 100.00 $0.00000000 $0.00
Class OC Certificates 0.00 $0.00000000 $0.00
Total $192,047,206.52
</TABLE>
<PAGE>
4.03(v) The Pool Stated Principal Balance for the $194,023,141.41
following Distribution Date.
4.03(vi) Amount of the Master Servicing Fees paid to or 82,107.55
retained by the Master Servicer with respect to
such Distribution Date.
4.03(vii) Pass-Through Rate and for each Class of
Certificates.
Class A-1 Certificates. 6.71000000%
Class A-2 Certificates. 6.88000000%
Class A-3 Certificates. 6.96000000%
Class A-4 Certificates. 7.27000000%
Class A-5 Certificates. 7.59000000%
Class A-6 Certificates. 7.81500000%
Class A-7 Certificates. 5.69500000%
Class R Certificates. 7.00000000%
Class OC Certificates 0.00000000%
4.03(viii) Amount of Advances included in the distribution
on such Distribution Date. 122,939.43
Aggregate amount of Advances outstanding as of
the close of business on such Distribution Date. 148,718.64
4.03(ix) The number and aggregate principal amounts of
Mortgage Loans delinquent.
30 to 59 days 74 10,690,l62.22
60 to 89 days 16 2,073,863.95
90 or more 6 722,685.45
The number and aggregate principal amounts
of Mortgage Loans in foreclosure
In foreclosure 7 690,789.50
4.03(xi) Loan number and Stated Principal Balance of any 0 0.00
Mortgage loan that became an REO Property
during the preceding calendar month.
4.03(xii) Total number and principal balance of any REO 0 0.00
Properties as of the close of business on the
Determination Date preceding such Distribution
Date.
4.03(xiv) Aggregate amount of Realized Losses incurred 0.00
during the preceding calendar month.
Aggregate amount of Realized Losses through 0.00
Distribution Date.
