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-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)
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Item 5. Other Events
CWMBS, INC.
Mortgage Pass-Through Certificates
Series 1996-A SPMD
On October 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 August 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 SPMD 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 August 1, 1996.
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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-THROUGII CERTIFICATES
SERIES SPMD 1996-A Revised as of 10/29/96
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 10/25/96
4.03(i)
Reduction of
the Stated Amount of CUSIP # SINGLE TOTAL
Certificates CERTIFICATE AMOUNT
Class A-1 Certificates. 126691XZ2 $33.74845159 $529,850.69
Class A-2 Certificates. 126691YA6 $18.39759360 $919,879.68
Class A-3 Certificates. 126691YB4 $0.00000000 $0.00
Class A-4 Certificates. 126691 YC2 $0.00000000 $0.00
Class A-5 Certificates. 126691YD0 $0.00000000 $0.00
Class A-6 Certificates. 126691YE8 $0.00000000 $0.00
Class A-7 Certificates. 126691YG3 $10.77187365 $888,356.42
Class R Certificates. 126691YF5 $0.00000000 $0.00
Class OC Certificates. n/a $0.00000000 $0.00
Total Amount 2,338,086.79
Aggregate amount of any Principal 1,766,043.73
Prepayments
4.03(ii)
Amount of distribution SINGLE TOTAL
representing interest. CERTIFICATE AMOUNT
Class A-1 Certificates. $5.53234395 $86,857.80
Class A-2 Certificates. $5.70017480 $285,008.74
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. $4.85487583 $400,381.61
Class R Certificates. $0.00000000 $0.00
Class OC Certificates $0.00000000 $0.00
Total Amount 1,102,963.93
4.03(iii) Amount of interest shortfall
4.03(iv)
Stated Amount
of Certificates after ORIGINAL SINGLE TOTAL
this Distribution BALANCE CERTIFICATE AMOUNT
Class A-1 Certificates. 15,700,000.00 $955.64237834 $15,003,585.34
Class A-2 Certificates. 50,000,000.00 $975.81893520 $48,790,946.76
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 $984.88733624 $81,223,658.62
Class R Certificates. 100.00 $0.00000000 $0.00
Class OC Certificates. 0.00 $0.00000000 $0.00
Total $198,612,790.72
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4.03(v) The Pool Stated Principal Balance
for the following Distribution Date $199,625,002.38
4.03(vi) Amount of the Master Servicing Fees paid
to or retained by the Master Servicer with
respect to such Distribution Date 83,950.97
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. 5,75750000%
Class R Certificates. 7.00000000%
Class OC Certificates 0.00000000%
4.03(viii) Amount of Advances included in the
distribution on such Distribution Date 82,345.07
Aggregate amount of Advances outstanding
as of the close of business on
such Distribution Date. 98,742.60
4.03(ix) The number and aggregate principal
amounts of Mortgage Loans delinquent
30 to 59 days 67 7,398,005.96
60 to 89 days 12 1,271,013.15
90 or more 3 265,838.86
The number and aggregate principal
amounts of Mortgage Loans in foreclosure
In foreclosure 0 0.00
4.03(xi) Loan number and Stated Principal
Balance of any Mortgage loan that
became an REO Property during the
preceding calendar month. 0 0.00
4.03(xii) 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
4.03(xiv) Aggregate amount of Realized Losses
incurred during the preceding calendar month. 0.00
Aggregate amount of Realized Losses through
Distribution Date 0.00
