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Previous: CWMBS INC, 8-K, 1997-03-25 |
Next: CWMBS INC, 8-K, 1997-03-25 |
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): December 25, 1996
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1996-A
(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>
Item 5. Other Events
CWMBS, INC.
Mortgage Pass-Through Certificates
Series 1996-A
On December 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-A, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of January 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 December 25, 1996 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of December 25, 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: December 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
December 25, 1996
THE BANK OF NEW YORK
CORPORATE TRUST AND AGENCY SERVICES
10l 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 12/26/96
<TABLE>
<CAPTION>
SINGLE TOTAL
Reduction of the Stated Amount of Certificates CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. TW4 $36.50928131 $944,370.83
Class A-2 Certificates. TX2 $0.00000000 $0.00
Class A-3 Certificates. TY0 $16.13380473 $629,580.54
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 $0.81186538 $57.50
Class X Certificates. UL6 N/A N/A
Class AR Certificates. UM4 $0.00000000 $0.00
Class B-1 Certificates. UN2 $0.65863251 $7,606.78
Class B-2 Certificates. UP7 $0.65863251 $3,803.39
Class B-3 Certificates. UQ5 $0.65863176 $2,535.59
Class B-4 Certificates. $0.65863425 $1,098.76
Class B-5 Certificates. $0.65863418 $507.12
Class B-6 Certificates. $0.65863350 $1,352.32
Total Amount 1,590,912.83
Aggregate amount of any Principal Prepayments 1,032,975.00
</TABLE>
<TABLE>
<CAPTION>
SINGLE TOTAL
Amount of distribution representing interest. CERTIFICATE AMOUNT
<S> <C> <C>
Class A-1 Certificates. $3.94314003 $101,995.61
Class A-2 Certificates. $5.79166657 $152,821.81
Class A-3 Certificates. $6.59838605 $257,485.17
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. $0.64284197 $162,588.82
Class AR Certificates. $0.00000000 $0.00
Class B-1 Certificates. $6.22261817 $71,867.22
Class B-2 Certificates. $6.22261817 $35,933.61
Class B-3 Certificates. $6.22261665 $23,955.73
Class B-4 Certificates. $6.22261785 $10,380.82
Class B-5 Certificates. $6.22262022 $4,791.15
Class B-6 Certificates. $6.22261863 $12,776.41
Total Amount $1,692,221.41
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Amount of interest shortfall 0.00
Stated Amount of Certificates after this Distribution ORIGINAL SINGLE TOTAL
BALANCE CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. 25,866,596.00 $727.96434405 $17,885,588.76
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 $33,701,775.60
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 $70,338.04
Class X Certificates. 252,921,913.00 $953.28866977 $239,520,158.30
Class AR Certificates. 100.00 $0.00000000 $0.00
Class B-1 Certificates. 11,549,354.00 $995.61886578 $11,491,147.95
Class B-2 Certificates. 5,774,677.00 $995.61886492 $5,745,573.97
Class B-3 Certificates. 3,849,784.00 $995.61886329 $3,830,381.98
Class B-4 Certificates. 1,668,240.00 $995.61886779 $1,659,832.46
Class B-5 Certificates. 769,957.00 $995.61885923 $766,076.59
Class B-6 Certificates. 2,053,220.80 $995.61886866 $2,042,873.05
Total $243,220,698.40
The Pool Stated Principal Balance for
the following Distribution Date $243,220,698.44
</TABLE>
Amount of the Master Servicing Fees paid to or 71,641.89
retained by the Master Servicer with respect to such
Distribution Date
<TABLE>
<CAPTION>
Pass-Through Rate for each Class of Certificates
<S> <C>
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. 0.809210%
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. 7.500000%
Class B-5 Certificates. 7.500000%
Class B-6 Certificates. 7.500000%
Amount of Advances included in the distribution on such Distribution 57,959.63
Date
Aggregate amount of Advances outstanding as of the close of 81,511.30
business on such Distribution Date.
</TABLE>
<TABLE>
<CAPTION>
The number and aggregate principal amounts of Mortgage Loans delinquent
<S> <C> <C> <C>
30 to 59 days 34 $5,324,192.85
60 to 89 days 7 $1,025,775.16
90 or more 5 $977,149.18
</TABLE>
<TABLE>
<CAPTION>
The number and aggregate principal amounts of Mortgage Loans
in foreclosure
<S> <C> <C>
3 $430,693.71
bankruptcy 1 $153,080.99
</TABLE>
The aggregate dollar amount of Scheduled Payments for each of Mortgage Loan for
the preceeding 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.
<TABLE>
<CAPTION>
<S> <C> <C>
Total number and principal balance of any REO Properties as of the 0 $0.00
close of business on the Determination Date preceding such
Distribution Date.
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Aggregate amount of Realized Losses incurred during the preceding $0.00
calendar month.
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
</TABLE>
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