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): June 25, 1996
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1996-F)
(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
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
- --------------------------------------------------------------------------------
(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-F
On June 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-F, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of April 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-F relating to the distribution date
of June 25, 1996 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of April 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: June 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
June 25, 1996
DELINQUENCY INFO
THE BANK OF NEW YORK VISIONS 09/05/96
CORPORATE TRUST AND AGENCY SERVICES
101 BARCLAY STREET
NEW YORK, NEW YORK 10286
CWMBS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-F
RESIDENTIAL ASSET SECURITIZATION TRUST 1996-F
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.03 OF THE
POOLING AND SERVICING AGREEMENTS DATED FEBRUARY 1, 1996
CUSIP #126691
Distribution Date 06/25/96
<TABLE>
<CAPTION>
SINGLE TOTAL
Reduction of the Stated Amount of Certificates CERTIFICATE AMOUNT
<S> <C> <C> <C> <C>
Class A-1 Certificates. TW4 $61.05595379 $1,579,309.69
Class A-2 Certificates. TX2 $0.00000000 $0.00
Class A-3 Certificates. TY0 $26.98121699 $1,052,873.11
Class A-4 Certificates. TZ7 $0.00000000 $0.00
Class A-5 Certificates UA0 $0.00000000 $0.00
Class A-6 Certificates. UB8 $0,00000000 $0.00
Class A-7 Certificates. UC6 $0.00000000 $0.00
Class A-8 Certificates. UD4 $0.00000000 $0.00
Class A-9 Certificates. UE2 $0.00000000 $0.00
Class A-10 Certificates. UG7 $0.00000000 $0.00
Class A-11 Certificates. UH5 $0.00000000 $0.00
Class A-12 Certificates. UJ1 $0.00000000 $0.00
Class PO Certificates. UK8 $0.98030979 $69.43
Class X Certificates. UL6 N/A N/A
Class AR Certificates. UM4 $0.00000000 $0.00
Class B-1 Certificates. UN2 $0.61628555 $7,117.70
Class B-2 Certificates. UP7 $0.61628555 $3,558.85
Class B-3 Certificates. UQ5 $0.61628652 $2,372.57
Class B-4 Certificates. $0.61628423 $1,028.11
Class B-5 Certificates. $0.61628117 $474.51
Class B-6 Certificates. $0.61628053 $1,265.36
Total Amount 2,648,069.33
Aggregate amount of any Principal Prepayment 2,491,266.50
</TABLE>
Amount of distribution representing interest.
<TABLE>
<CAPTION>
SINGLE TOTAL
CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. $5.11903383 $132,411.98
Class A-2 Certificates. $5.79166657 $152,821.81
Class A-3 Certificates. $7.31788578 $285,561.81
Class A-4 Certificates. $5.87499990 $142,313.06
Class A-5 Certificates. $6.00000000 $124,481.70
Class A-6 Certificates. $6.20833333 $127,871.80
Class A-7 Certificates. $6.25000000 $85,752.50
Class A-8 Certificates. $6.25000000 $76,656.25
Class A-9 Certificates. $6.25000000 $88,550.00
Class A-10 Certificates. $6.25000000 $44,531.00
Class A-11 Certificates. $6.25000000 $120,593.75
Class A-12 Certificates. $6.25000000 $46,875.00
Class PO Certificates. $0.00000000 $0.00
Class X Certificates. $0.67152888 $169,844.37
Class AR Certificates. $0.00000000 $0.00
Class B-1 Certifidates. $6.24641170 $72,142.02
Class B-2 Certificates. $6.24641170 $36,071.01
Class B-3 Certificates. $6.24641279 $24,047.34
Class B-4 Certificates. $6.24640939 $10,420.51
Class B-5 Certificates. $6.24641376 $4,809.47
Class B-6 Certificates. $6.24659072 $12,825.63
Total Amount 1,758,581.01
</TABLE>
<PAGE>
Amount of interest shortfall 0.00
Stated Amount of Certificates after this Distribution
<TABLE>
<CAPTION>
ORIGINAL SINGLE TOTAL
BALANCE CERTIFICATE AMOUNT
<S> <C> <C> <C> <C>
Class A-1 Certificates. 25,866,596.00 $883.99642071 $22,865,978.28
Class A-2 Certificates. 26,386,500.00 $1,000.00000000 $26,386,500.00
Class A-3 Certificates. 39,022,447.00 $948.73689546 $37,022,035.22
Class A-4 Certificates. 24,223,500.00 $1,000.00000000 $24,223,500.00
Class A-5 Certificates. 20,746,950.00 $1,000.00000000 $20,746,950.00
Class A-6 Certificates. 20,596,800.00 $1,000.00000000 $20,596,800.00
Class A-7 Certificates. 13,720,400.00 $1,000.00000000 $13,720,400.00
Class A-8 Certificates. 12,265,000.00 $1,000.00000000 $ 12,265,000.00
Class A-9 Certificates. 14,168,000.00 $1,000.00000000 $14,168,000.00
Class A-10 Certificates. 7,124,960.00 $1,000.00000000 $7,124,960.00
Class A-11 Certificates. 19,295,000.00 $1,000.00000000 $19,295,000.00
Class A-12 Certificates. 7,500,000.00 $1,000.00000000 $7,500,000.00
Class PO Certificates. 70,824.55 $998.35381940 $70,707.96
Class X Certificates. 252,921,913.00 $980.14005528 $247,898,897.79
Class AR Certificates. 100.00 $0.00000000 $0.00
Class B-1 Certificates. 11,549,354.00 $998.80960442 $11,535,605.70
Class B-2 Certificates. 5,774,677.00 $998.80960442 $5,767,802.85
Class B-3 Certificates. 3,849,784.00 $998.80960334 $3,845,201.23
Class B-4 Certificates. 1,668,240.00 $998.80960773 $1,666,254.14
Class B-5 Certificates. 769,957.00 $998.80960885 $769,040.45
Class B-6 Certificates. 2,053,220.80 $998.80961171 $2,050,776.67
Total $251,620,512.50
The Pool Stated Principal Balance for the following Distribution Date $251,620,512.50
</TABLE>
Amount of the Master Servicing Fees paid to or retained by the Master
Servicer with respect to such Distribution Date 80,654.99
Pass-Through Rate for each Class of Certificates
Class A-1 Certificates. 6.500000%
Class A-2 Certificates. 6.950000%
Class A-3 Certificates. 9.000000%
Class A-4 Certificates. 7.050000%
Class A-5 Certificates. 7.200000%
Class A-6 Certificates. 7.450000%
Class A-7 Certificates. 7.500000%
Class A-8 Certificates. 7.500000%
Class A-9 Certificates. 7.500000%
Class A-10 Certificates. 7.500000%
Class A-11 Certificates. 7.500000%
Class A-12 Certificates. 7.500000%
Class PO Certificates. 0.000000%
Class X Certificates. 0.802148%
Class AR Certificates. 0.000000%
Class B-1 Certificates. 7.500000%
Class B-2 Certificates. 7.500000%
Class B-3 Certificates. 7.500001%
Class B-4 Certificates. 7.499997%
Class B-5 Certificates. 7.500002%
Class B-6 Certificates. 7.500215%
<PAGE>
CWMBS, INC. 1996-F 06/25/96 Page 3 of 3
Amount of Advances included in the distribution on such
Distribution Date 31,774.54
Aggregate amount of Advances outstanding as of the close of
business on such Distribution Date. 31,975.33
The number and aggregate principal amounts of Mortgage Loans delinquent
30 to 59 days 31 $3,932,094.26
60 to 89 days 2 $207,080.99
90 or more 0 $0.00
The number and aggregate principal amounts of Mortgage Loans in foreclosure.
0 $0.00
Loan number and Stated Principal Balance of 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 $0.00
Aggregate amount of Realized Losses incurred during the preceding calendar
month. $0.00
Aggregate amount of Realized Losses through Distribution Date $0.00
Special Hazard Loss Coverage Amount 2,566,523.00
Required Fraud Loss Coverage Amount 7,699,569.00
Current Bankruptcy Loss Coverage Amount 100,000.00
