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): November 25, 1996
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1996-E)
(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-E
On November 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-E, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of March 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 October 25, 1996 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of March 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: October 25, 1996
CSMBS, INC.
By: /s/ Jonathan Chayes
-------------------
Name: Jonathan Chayes
Assistant Treasurer
The Bank of New York,
as Trustee
<PAGE>
EXHIBIT INDEX
Exhibit Page
1. Monthly Remittance Statement dated 5
November 25, 1996
THE BANK OF NEW YORK Revised Prepayment Information
CORPORATE TRUST AND AGENCY SERVICES 11/01/96
101 BARCLAY STREET
NEW YORK, NEW YORK 10286
CWMBS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-E
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.04 OF THE
POOLING AND SERVICING AGREEMENT DATED MARCH 1, 1996
CUSIP # 126691
Distribution Date 08/25/96
Reduction of the Stated Amount SINGLE TOTAL
of Certificates CERTIFICATE AMOUNT
Class A-1 Certificates. TJ3 $135.35928753 $1,969,677.83
Class A-2 Certificates. TK0 $0.00000000 $0.00
Class A-3 Certificates. TL8 $0.00000000 $0.00
Class A-4 Certificates. TM6 $0.60200637 $11,563.31
Class A-5 Certificates. TN4 $0.00000000 $0.00
Class PO Certificates. TP9 $0.90259605 $45.47
Class A-R Certificates. TU8 $0.00000000 $0.00
Class X Certificates. TQ7 $0.00000000 $0.00
Class B-1 Certificates. TR5 $0.60200619 $9,306.25
Class B-2 Certificates. TS3 $0.60200610 $3,323.66
Class B-3 Certificates. TT1 $0.60200738 $1,994.20
Class B-4 Certificates. N/A $0.60200881 $1,130.05
Class B-5 Certificates. N/A $0.60200719 $398.84
Class B-6 Certificates. N/A $0.60200895 $1,130.05
Total 1,998,569.66
Aggregate amount of any Principal Prepayments $1,807,996.68
Amounts distributed SINGLE TOTAL
representing interest CERTIFICATE AMOUNT
Class A-1 Certificates. $3.37704367 49,140.98
Class A-2 Certificates. $5.77499999 571,075.26
Class A-3 Certificates. $5.83333328 287,189.61
Class A-4 Certificates. $5.82046197 111,799.16
Class A-5 Certificates. $0.00000000 0.00
Class PO Certificates. $0.00000000 0.00
Class A-R Certificates. $0.00000000 0.00
Class X Certificates. $1.17250313 254,787.46
Class B-1 Certificates. $5.82046207 89,976.94
Class B-2 Certificates. $5.82046211 32,134.62
Class B-3 Certificates. $5.82046221 19,280.77
Class B-4 Certificates. $5.82046441 10,925.78
Class B-5 Certificates. $5.82045442 3,856.15
Class B-6 Certificates. $5.82046048 10,925.77
Total 1,441,092.50
Amount of shortfall which is less than the full
amount that would be distributed
Principal 0.00
Interest 0.00
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Stated Amount of Certificates
after this Distribution ORIGINAL SINGLE TOTAL
BALANCE CERTIFICATE AMOUNT
Class A-1 Certificates. 14,551,479.00 $135.00832871 $1,964,570.86
Class A-2 Certificates. 98,887,491.00 $1,000.00000000 $98,887,491.00
Class A-3 Certificates. 49,232,505.00 $1,000.00000000 $49,232,505.00
Class A-4 Certificates. 19,207,953.00 $995.97113758 $19,130,566.80
Class A-5 Certificates. 10,200,000.00 $1,041.55490490 $10,623,860.03
Class PO Certificates. 50,376.91 $994.45896940 $50,097.77
Class A-R Certificates. 100.00 $0.00000000 $0.00
Class X Certificates. 217,302,158.28 $943.22125253 $204,964,013.91
Class B-1 Certificates. 15,458,728.00 $995.97113618 $15,396,446.89
Class B-2 Certificates. 5,520,974.00 $995.97113843 $5,498,730.76
Class B-3 Certificates. 3,312,584.00 $995.97113613 $3,299,238.05
Class B-4 Certificates. 1,877,132.00 $995.97112510 $1,869,569.27
Class B-5 Certificates. 662,517.00 $995.97115244 $659,847.82
Class B-6 Certificates. 1,877,131.55 $995.97112946 $1,869,568.83
Total 208,482,493.08
The Pool Stated Principal Balance for the following 208,482,493.08
Distribution Date:
Senior Percentage for the following Distribution Date 89.7574910329%
Subordinated Percentage for the following 10.2425089671%
Distribution Date
Amount of the Master Servicing Fees paid to or 68,866.31
retained by the Master Servicer with respect
to such Distribution Date
Pass-Through Rate for each such Class of Certificates
Class A-1 Certificates. 6.95000%
Class A-2 Certificates. 6.93000%
Class A-3 Certificates. 7.00000%
Class A-4 Certificates. 7.00000%
Class A-5 Certificates. 7.00000%
Class PO Certificates. N/A
Class A-R Certificates. N/A
Class X Certificates. 1.40230%
Class B-1 Certificates. 7.00000%
Class B-2 Certificates. 7.00000%
Class B-3 Cenificates. 7.00000%
Class B-4 Certificates. 7.00000%
Class B-5 Certificates. 7.00000%
Class B-6 Certificates. 7.00000%
Amount of Advances included in the 29,240.06
distribution on this Distribution Date
Aggregate amount of Advances outstanding
as of the 41,579.21 close of business
on such Distribution Date.
A. The number and aggregate principal amounts of
Mortgage Loans delinquent
30 to 59 days 22 2,291,195.27
60 to 89 days 7 1,141,979.31
90 or more 2 184,838.81
B. The number and aggregate principal
amounts of Mortgage Loans in foreclosure
In foreclosure 10 1,143,616.02
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Loan number and Stated Principal Balance
for any Mortgage loan that became an REO
Property during the preceding calendar month 0 0.00
Total number and principal balance of any REO
Properties as of the close of business on the
Determination Date preceding such Distribution Date 0.00
Senior Prepayment Percentage for following
Distribution Date 100.000000000000%
Aggregate amount of Realized Losses
incurred during preceding month
Aggregate amount of Realized Losses 0.00
through Distribution Date
Special Hazard Loss Coverage Amount 0.00
Required Fraud Loss Coverage 0.00
Current Bankruptcy Coverage 0.00
