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): October 25, 1996
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1996-D)
(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-D
On October 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-D, 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-D 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
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EXHIBIT INDEX
Exhibit Page
1. Monthly Remittance Statement dated 5
October 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 1996-D
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.04 OF THE
POOLING AND SERVICING AGREEMENTS DATED MARCH 1, 1996
CUSIP #126691
Distribution Date 10/25/96
4.06(i)
Reduction of the Stated SINGLE TOTAL
Amount of Certificates CERTIFICATE AMOUNT
Class A-1 Certificates. RS5 $57.12640740 1,631,410.23
Class A-2 Certificates. RT3 $0.00000000 0.00
Class A-3 Certificates. RU0 $0.00000000 0.00
Class A-4 Certificates. RV8 $0.00000000 0.00
Class A-5 Certificates. RW6 $0.00000000 0.00
Class A-6 Certificates. RX4 $0.00000000 0.00
Class A-7 Certificates. RY2 $0.00000000 0.00
Class A-8 Certificates. RZ9 $1.14439367 12,872.14
Class A-R Certificates. SA3 $57.10000000 5.71
Class X Certificates. SC9 $0.00000000 0.00
Class B-1 Certificates. SD7 $0.63519102 6,849.90
Class B-2 Certificates. SE5 $0.63519039 2,935.85
Class B-3 Certificates. SF2 $0.63519156 1,956.39
Class B-4 Certificates. N/A $0.63519469 717.77
Class B-5 Certificates. N/A $0.63518639 391.91
Class B-6 Certificates. N/A $0.63519215 848.17
Total Amount 1,657,988.07
Aggregate amount of any Principal Prepayments 921,866.14
4.06(ii)
Amount of distribution SINGLE TOTAL
representing interest. CERTIFICATE AMOUNT
Class A-1 Certificates. $3.98141635 113,700.89
Class A-2 Certificates. $5.83333333 479,237.50
Class A-3 Certificates. $5.83333355 89,611.67
Class A-4 Certificates. $5.83333411 25,089.17
Class A-5 Certificates. $0.00000000 0.00
Class A-6 Certificates. $5.83333322 175,583.33
Class A-7 Certificates. $5.83333362 68,156.67
Class A-8 Certificates. $5.79527027 65,185.20
Class A-R Certificates. $0.44000000 0.04
Class X Certificates. $0.99857620 205,113.84
Class B-1 Certificates. $5.81220605 62,678.83
Class B-2 Certificates. $5.81220684 26,864.02
Class B-3 Certificates. $5.81220779 17,901.60
Class B-4 Certificates. $5.81220354 6,567.79
Class B-5 Certificates. $5.81220421 3,586.13
Class B-6 Certificates. $5.81220629 7,761.02
Total Amount 1,347,037.70
4.06(iii) Amount of interest shortfall 0.00
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4.06(iv)
Stated Amount of Certificates ORIGINAL SINGLE TOTAL
after this Distribution BALANCE CERTIFICATE AMOUNT
Class A-1 Certificates. 28,557,900.00 $625.40208839 $17,860,170.30
Class A-2 Certificates. 82,155,000.00 $1,000.00000000 $82,155,000.00
Class A-3 Certificates. 15,362,000.00 $1,000.00000000 $15,362,000.00
Class A-4 Certificates. 4,301,000.00 $1,000,00000000 $4,301,000.00
Class A-5 Certificates. 430,000.00 $1,000.00000000 $430,000.00
Class A-6 Certificates. 30,100,000.00 $1,000.00000000 $30,100,000.00
Class A-7 Certificates. 11,684,000.00 $1,000.00000000 $11,684,000.00
Class A-8 Certificates. 11,248,000.00 $992.33047564 $11,161,733.19
Class A-R Certificates. 100.00 $625.40000000 $62.54
Class X Certificates. 205,406,296.72 $947.05201815 $194,530,447.85
Class B-1 Certificates. 10,784,000.00 $995.74306380 $10,738,093.20
Class B-2 Certificates. $4,622,000.00 $995.74306361 $4,602,324.44
Class B-3 Certificates. 3,080,000.00 $995.74305844 $3,066,888.62
Class B-4 Certificates. 1,130,000.00 $995.74306195 $1,125,189.66
Class B-5 Certificates. 617,000.00 $995.74306321 $614,373.47
Class B-6 Certificates. 1,335,296.72 $995.74307349 $1,329,612.46
Total $194,530,447.88
4.06(v) The Pool Stated Principal Balance for
the following Distribution Date $194,530,447.88
4.06(vi) Senior Percentage for this
Distribution Date 88.9598352936%
Subordinated Percentage for this
Distribution Date 11.0401647064%
4.06(vii) Amount of the Master Servicing Fees paid
to or retained by the Master Servicer
with respect to such Distribution Date $61,818.32
4.06(viii) Pass-Through Rate and for
each Class ofCertificates
Class A-1 Certificates. 7.00000000%
Class A-2 Certificates. 7.00000000%
Class A-3 Certificates. 7.00000000%
Class A-4 Certificates. 7.00000000%
Class A-5 Certificates. N/A
Class A-6 Certificates. 7.00000000%
Class A-7 Certificates. 7.00000000%
Class A-8 Certificates. 7.00000000%
Class A-R Certificates. 7.00000000%
Class X Certificates. 1.25459284%
Class B-1 Certificates. 7.00000000%
Class B-2 Certificates. 7.00000000%
Class B-3 Certificates. 7.00000000%
Class B-4 Certificates. 7.00000000%
Class B-5 Certificates. 7.00000000%
Class B-6 Certificates. 7.00000000%
4.06(ix) Amount of Advances included in the
distribution on such Distribution Date 43,491.87
Aggregate amount of Advances outstanding
as of the close of business on such
Distribution Date 64,808.71
4.06(x) The number and aggregate principal
amounts of Mortgage Loans delinquent
30 to 59 days 15 3,245,640.25
60 to 89 days 7 1,834,572.92
90 or more 1 432,726.65
The number and aggregate principal
amounts of Mortgage Loans in foreclosure
In foreclosure 3 $679,820.99
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4.06(xi) Loan number and Stated Principal Balance
of any Mortgage loan that became an REO
Property during the preceding calendar
month. $0.00
4.06(xiii) Total number and principal balance of
any REO Properties as of the close of
business on the Determination Date
preceding such Distribution Date. 0 $0.00
4.06(xiv) Senior Prepayment Percentage 100.0000000000%
4.06(xv) Aggregate amount of Realized Losses
incurred during the preceding calendar
month. $0.00
Aggregate amount of Realized Losses
through Distribution Date $0.00
4.06(xvi) Special Hazard Loss Coverage Amount 0.00
Required Fraud Loss Coverage 0.00
Current Bankruptcy Amount 0.00
4.06(xviii) Withdrawal from Reserve Fund for such
Distribution Date
A-6 $0.00
A-7 $0.00
4.06(xix) Amount remaining in the Reserve Fund
after taking into account amounts
withdrawn for such distribution date
A-6 S30,100,000.00
A-7 $11,684,000.00
