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)
(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)
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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, 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 January 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
INDEPENDENT NATIONAL MORTGAGE CORP.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1996-A
<TABLE>
<CAPTION>
Class Information Current Payment information
Beginning Pass Thru Principal Interest Total Principal
Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses
<S> <C> <C> <C> <C> <C> <C> <C>
1738 A-1 64,817,575.72 7.000000% 1,081,760.66 378,102.53 1,459,863.18 0.00
1739 A-2 10,940,652.63 7.000000% 145,621.82 63,820.47 209,442.30 0.00
1740 A-3 16,224,957.87 7.000000% 436,865.47 94,645.59 531,511.05 0.00
1741 A-4 23,450,000.00 7.000000% 0.00 136,791.67 136,791.67 0.00
1742 A-5 402,000.00 NA 0.00 NA 0.00 0.00
1743 A-6 9,259,000.00 7.000000% 0.00 54,010.83 54,010.83 0.00
1744 A-7 7,337,000.00 7.000000% 0.00 42,799.17 42,799.17 0.00
1745 X 147,084,015.93 1.452625% NA 178,048.27 178,048.27 0.00
1146 A-R 86.63 7.000000% 1.45 0.54 1.98 0.00
1147 B-1 8,571,882.98 7.000000% 5,425.46 50,002.65 55,428.11 0.00
1748 B-2 3,265,526.56 7.000000% 2,066.87 19,048.90 21,115.78 0.00
1749 B-3 2,040,829.84 7.000000% 1,291.72 11,904.84 13,196.56 0.00
1750 B-4 979,160.93 7.000000% 619.75 5,711.77 6,331.52 0.00
1751 B-5 490,077.50 7.000000% 310.19 2,858.79 3,168.97 0.00
1752 B-6 979,848.83 7.000000% 620.18 5,715.78 6,335.97 0.00
0.00
Totals 148,758,599.49 - 1,674,583.56 1,043,461.80 2,718,045.36 0.00
</TABLE>
<PAGE>
Page Number: 1
Payment Date: 12/26/96
<TABLE>
<CAPTION>
Class Information Factors per $1,000
Interest Ending Cert./ Unpaid Principal Interest Ending
Class Code Name Shortfalls Notional Bal. Interest Dist. Dist. Cert. Bal.
<S> <C> <C> <C> <C> <C> <C> <C>
1738 A-1 0.00 63,735,815.06 0.00 14.45836831 5.05356293 851.86670580
1739 A-2 0.00 10,795,030.80 0.00 11.85169868 5.19414614 878.57335431
1740 A-3 0.00 15,788,092.40 0.00 21.55869844 4.67062710 779.12023309
1741 A-4 0.00 23,450,000.00 0.00 0.00000000 5.83333333 1000.00000000
1742 A-5 0.00 402,000.00 0.00 0.00000000 0.00000000 1000.00000000
1743 A-6 0.00 9,259,000.00 0.00 0,00000000 5.83333333 1000.00000000
1744 A-7 0.00 7,337,000.00 0.00 0.00000000 5.83333333 1000.00000000
1745 X 0.00 147,084,015.93 0.00 0.00000000 1.08405533 895.52798110
1746 A-R 0.00 85.19 0.00 14.45869577 5.35367739 851.88599971
1747 B-1 0.00 8,566,457.52 0.00 0.62918495 5.79875342 993.44282923
1748 B-2 0.00 3,263,459.69 0.00 0.62918495 5.79875341 993.44282804
1749 B-3 0.00 2,039,538.13 0.00 0.62918495 5.79875341 993.44282818
1750 B-4 0.00 978,541.18 0.00 0.62918495 5.79875340 993.44282716
1751 B-5 0.00 489,767.31 0.00 0.62918494 5.79875333 993.44281476
1752 B-6 0.00 979,228.65 0.00 0.62918495 5.79875340 993.44282683
Totals - 0.00 147,084,015.93 0.00 10.19578113 6.35316648 895.5279811001
</TABLE>
