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-F)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
- --------------------------------------------------------------------------------
(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>
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: November 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
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 11/25/96
Reduction of the Stated SINGLE TOTAL
Amount of Certificates CERTIFICATE AMOUNT
Class A-1 Certificates TW4 $27.29869868 $706,124.41
Class A-2 Certificates TX2 $0.00000000 $0.00
Class A-3 Certificates TY0 $12.06355921 $470,749.60
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 $0.95094145 $67.35
Class X Certificates UL6 N/A N/A
Class AR Certificates UM4 $0.00000000 $0.00
Class B-1 Certificates UN2 $0.65061648 $7,514.20
Class B-2 Certificates UP7 $0.65061648 $3,757.10
Class B-3 Certificates UQ5 $0.65061572 $2,504.73
Class B-4 Certificates $0.65061382 $1,085.38
Class B-5 Certificates $0.65062075 $500.95
Class B-6 Certificates $0.65061683 $1,335.86
Total Amount 1,193,639.58
Aggregate amount of any Principal
Prepayments 1,032,975.00
Amount of distribution representing SINGLE TOTAL
interests CERTIFICATE AMOUNT
Class A-1 Certificates $4.09100834 $105,820.46
Class A-2 Certificates $5.79166657 $152,821.81
Class A-3 Certificates $6.68886269 $261,015.79
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 Certification $6.25000000 $46,875.00
Class PO Certificates $0.00000000 $0.00
Class X Certificates $0.64660945 $163,541.70
Class AR Certificates $0.00000000 $0.00
Class B-1 Certificates $6.22668419 $71,914.18
Class B-2 Certificates $6.22668419 $35,957.09
Class B-3 Certificates $6.22668441 $23,971.39
Class B-4 Certificates $6.22668201 $10,387.60
Class B-5 Certificates $6.22668539 $4,794.28
Class B-6 Certificates $6.22668541 $12,784.76
Total Amount 1,700,634.12
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>
Class A-1 Certificates 25,866,596.00 $727.96434405 $18,829,959.59
Class A-2 Certificates 26,386,500.00 $1,000.00000000 $26.386,500.00
Class A-3 Certificates 39,022,447.00 $879.78481052 $34,331,356.14
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 $993.94263712 $70,395.54
Class X Certificates 252,921,913.00 $953.28866977 $241,107,594.00
Class AR Certificates 100.00 $0.00000000 $0.00
Class B-1 Certificates 11,549,354.00 $995.61886578 $11,498,754.73
Class B-2 Certificates 5,774,677.00 $995.61886492 $5,749,377.36
Class B-3 Certificates 3,849,784.00 $995.61886329 $3,832,917.57
Class B-4 Certificates 1,668,240.00 $995.61886779 $1,660,931.22
Class B-5 Certificates 769,957.00 $995.61885923 $766,583.71
Class B-6 Certificates 2,053,220.80 $995.61886866 $2,044,225.37
Total $244,811,611.23
</TABLE>
The Pool Stated Principal Balance for the following
Distribution Date $244,811,611.28
Amount of the Master Servicing Fees paid to or retained by the
Master Servicer with respect to such Distribution Date 22,845.02
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 0.791654%
Class AR Certificates 0.000000%
Class B-1 Certificates 7.500000%
Class B-2 Certificates 7.500000%
Class B-3 Certificates 7.500000%
Class B-4 Certificates 7.499997%
Class B-5 Certificates 7.500001%
Class B-6 Certificates 7.500001%
Amount of Advances included in the distribution on such
Distribution Date 49,191.36
Aggregate amount of Advances outstanding as of the
close of business on such Distribution Date 64,039.94
The number and aggregate principal
amounts of Mortgage Loans delinquent
30 to 59 days 30 $4,914,646.22
60 to 89 days 5 $698,274.53
90 or more 4 $588,689.68
The number and aggregate principal amounts of Mortgage Loans in
foreclosure 1 $79,154.43
bankruptcy 0 $0.00
The aggregate dollar amount of Scheduled Payments for each of Mortgage Loan for
the preceding 12 calender months or all calender months since cut-off date
(a) All outstanding Mortgage loans on each Due Date
(b) Delinquent 60 days or more on each of the Due Dates
Loan number and Stated Principal Balance of any Mortgage loan that became a REO
Property during the preceding calendar month
Total number and principal balance of any REO Properties as of 0 $0.00
the close of business on the Determination Date preceding such
Distribution Date
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 2,187,382.00
Required Fraud Loss Coverage Amount 2,413,945.00
Current Bankruptcy Loss Coverage Amount 75,000.00
