|
|
|
|
|
|
|
|
|
|
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-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-D
On December 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-D, 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-D 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 March 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: 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
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 12/26/96
<TABLE>
<CAPTION>
4.06(i) Reduction of the Stated Amount of SINGLE CERTIFICATE TOTAL
Certificates AMOUNT
<S> <C> <C> <C> <C>
Class A-1 Certificates. RS5 $60.57297000 1,729,836.82
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 $3.32398293 37,388.16
Class A-R Certificates. SA3 $60.60000000 6.06
Class X Certificates. SC9 $0.00000000 0.00
Class B-1 Certificates. SD7 $1.84496198 19,896.07
Class B-2 Certificates. SE5 $1.84496106 8,527.41
Class B-3 Certificates. SF2 $1.84496104 5,682.48
Class B-4 Certificates. N/A $1.84496460 2,084.81
Class B-5 Certificates. N/A $1.84495948 1,138.34
Class B-6 Certificates. N/A $1.84496072 2,463.57
Total Amount 1,807,023.72
Aggregate amount of any Principal Prepayments 1,451,598.03
</TABLE>
<TABLE>
<CAPTION>
4.06(ii) Amount of distribution representing interest. SINGLE CERTIFICATE TOTAL AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. $3.07629237 87,852.45
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. $5.78191590 65,034.99
Class A-R Certificates. $4.60000000 0.46
Class X Certificates. $0.97495502 200,261.90
Class B-1 Certificates. $5.80479414 62,598.90
Class B-2 Certificates. $5.80479446 26,829.76
Class B-3 Certificates. $5.80479545 17,878.77
Class B-4 Certificates. $5.80479646 6,559.42
Class B-5 Certificates. $5.80479741 3,581.56
Class B-6 Certificates. $5.80479221 7,751.12
Total Amount 1,316,027.67
4.06(iii) Amount of interest shortfall 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
4.06(iv) Stated Amount of Certificates after this ORIGINAL SINGLE TOTAL
Distribution BALANCE CERTIFICATE AMOUNT
<S> <C> <C> <C> <C>
Class A-1 Certificates. 28,557,900.00 $466.79146051 $13,330,583.85
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 $987.86159584 $11,111,467.23
Class A-R Certificates. 100.00 $466.80000000 $46.68
Class X Certificates. 205,406,296.72 $924.49493478 $189,897,080.89
Class B-1 Certificates. 10,784,000.00 $993.26263168 $10,711,344.22
Class B-2 Certificates. $4,622,000.00 $993.26263306 $4,590,859.89
Class B-3 Certificates. 3,080,000.00 $993.26262662 $3,059,248.89
Class B-4 Certificates. 1,130,000.00 $993.26262832 $1,122,386.77
Class B-5 Certificates. 617,000.00 $993.26262561 $612,843.04
Class B-6 Certificates. 1,335,296.72 $993.26264353 $1,326,300.35
Total $189,897,080.92
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
4.06(v) The Pool Stated Principal Balance for the $189,897,080.89
following Distribution Date
4.06(vi) Senior Percentage for this Distribution Date 88.7186348225%
Subordinated Percentage for this
Distribution Date 11.2813651775%
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
4.06(viii) Pass-Through Rate and for each Class of
Certificates
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. 7.0000000%
Class A-7 Certificates. 7.0000000%
Class A-8 Certificates. 7.0000000%
Class A-R Certificates. 7.0000000%
Class X Certificates. 1.25356878%
Class B-1 Certificates. 7.0000000%
Class B-2 Certificates. 7.0000000%
Class B-3 Certificates. 7.0000000%
Class B-4 Certificates. 7.0000000%
Class B-5 Certificates. 7.0000000%
Class B-6 Certificates. 7.0000000%
4.06(ix) Amount of Advances included in the
distribution on such Distribution Date 62,152.80
Aggregate amount of Advances outstanding as
of the close of business on such
Distribution Date. 95,241.83
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
4.06(x) The number and aggregate principal amounts
of Mortgage Loans delinquent 30 to 59 days 19 $5,026,811.27
60 to 89 days 3 $1,491,296.47
90 or more 5 $1,340,925.22
The number and aggregate principal amounts
of Mortgage Loans in foreclosure
In foreclosure 4 $779,250.57
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 2,208,390.00
Required Fraud Loss Coverage 6,625,169.00
Current Bankruptcy Amount 100,000.00
4.06(xvii) 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>
|
|