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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): November 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
- --------------------------------------------------------------------------------
(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 November 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 November 25, 1996 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of November 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: 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-D
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.04 OF THE POOLING
AND SERVICING AGREEMENTS DATED MARCH 1, 1996
CUSIP #126691
Distribution Date 11/25/96
<TABLE>
<CAPTION>
SINGLE CERTIFICATE TOTAL AMOUNT
4.06(i) Reduction of the Stated Amount of Certificates
<S> <C> <C> <C>
Class A-1 Certificates. RS5 $98.03765788 2,799,749.63
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 $1.14489687 12,877.80
Class A-R Certificates. SA3 $98.00000000 9.80
Class X Certificates. SC9 $0.00000000 0.00
Class B-1 Certificates. SD7 $0.63547014 6,852.91
Class B-2 Certificates. SE5 $0.63546949 2,937.14
Class B-3 Certificates. SF2 $0.63547078 1,957.25
Class B-4 Certificates. N/A $0.63546903 718.08
Class B-5 Certificates. N/A $0.63547812 392.09
Class B-6 Certificates. N/A $0.63546925 848.54
Total Amount 2,826,343.24
Aggregate amount of any Principal Prepayments 2,702,196.47
</TABLE>
<TABLE>
<CAPTION>
SINGLE CERTIFICATE TOTAL AMOUNT
4.06(ii) Amount of distribution representing interest.
<S> <C> <C>
Class A-1 Certificates. $3.64817896 104,184.33
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. $5.78859442 65,110.11
Class A-R Certificates. $3.60000000 0.36
Class X Certificates. $0.99022490 203,398.43
Class B-1 Certificates. $5.80850148 62,638.88
Class B-2 Certificates. $5.80850065 26,846.89
Class B-3 Certificates. $5.80850000 17,890.18
Class B-4 Certificates. $5.80850442 6,563.61
Class B-5 Certificates. $5.80850891 3,583.85
Class B-6 Certificates. $5.80849925 7,756.07
Total Amount 1,335,651.05
</TABLE>
4.06(iii) Amount of interest shortfall 0.00
<PAGE>
<TABLE>
<CAPTION>
4.06(iv) Stated Amount of Certificates after this Distribution
ORIGINAL BALANCE SINGLE CERTIFICATE TOTAL AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. 28,557,900.00 $527.36443051 $15,060,420.67
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 $991.18557877 $11,148,855.39
Class A-R Certificates. 100.00 $527.40000000 $52.74
Class X Certificates. 205,406,296.72 $933.29224893 $191,704,104.61
Class B-1 Certificates. 10,784,000.00 $995.10759366 $10,731,240.29
Class B-2 Certificates. 4,622,000.00 $995.10759412 $4,599,387.30
Class B-3 Certificates. 3,080,000.00 $995.10758766 $3,064,931.37
Class B-4 Certificates. 1,130,000.00 $995.10759292 $1,124,471.58
Class B-5 Certificates. 617,000.00 $995.10758509 $613,981.38
Class B-6 Certificates. 1,335,296.72 $995.10760425 $1,328,763.92
Total $191,704,104.64
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
4.06(v) The Pool Stated Principal Balance for the following
Distribution Date $191,704,104.64
4.06(vi) Senior Percentage for this Distribution Date 88.8042168527%
Subordinated Percentage for this Distribution Date 11.1957831473%
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
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
4.06(viii) Pass-Through Rate and for each Class of Certificates
<S> <C>
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. 0.63194281%
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%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
4.06(ix) Amount of Advances included in the distribution on such
Distribution Date 53,231.77
Aggregate amount of Advances outstanding as of the close of
business on such Business Date 78,227.45
</TABLE>
4.06(x) The number and aggregate principal amounts of Mortgage
Loans delinquent
30 to 59 days 14 4,154,887.56
60 to 89 days 8 1,916,103.03
90 or more 2 623,867.30
The number and aggregate principal amounts of Mortgage
Loans in foreclosure
In foreclosure 4 $853,809.65
<TABLE>
<CAPTION>
<S> <C> <C> <C>
4.06(xi) Loan number and Stated Principal Balance of any Mortgage loan
that became an REO Property during the preceding calendar
month. 0 $0.00
4.06(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 $30,100,000.00
A-7 $11,684,000.00
</TABLE>
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