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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-B)
(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>
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-B
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.04 OF THE POOLING
AND SERVICING AGREEMENTS DATED FEBRUARY 1, 1996
CUSIP #126691
Distribution Date 11/25/96
<TABLE>
<CAPTION>
SINGLE TOTAL
4.06(i) Reduction of the Stated Amount of Certificates CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. RH9 $10.53916938 $988,932.42
Class A-2 Certificates. RJ5 $0.00000000 $0.00
Class A-3 Certificates. RK2 $3.06725245 $37,944.98
Class X Certificates. RM8 N/A N/A
Class A-R Certificates. RN6 $0.00000000 $0.00
Class B-1 Certificates. RP1 $3.06725125 $11,106.71
Class B-2 Certificates. RQ9 $3.06725045 $4,627.80
Class B-3 Certificates. RR7 $3.06725701 $2,776.57
Class B-4 Certificates. $3.06725215 $1,295.73
Class B-5 Certificates. $3.06724597 $925.52
Class B-6 Certificates. $3.06724917 $1,481.10
Total Amount 1,049,090.83
Aggregate amount of any Principal Prepayments 694,130.06
</TABLE>
<TABLE>
<CAPTION>
SINGLE TOTAL
4.06(ii) Amount of distribution representing interest CERTIFICATE AMOUNT
<S> <C> <C>
Class A-1 Certificates. $5.09856736 $478,418.97
Class A-2 Certificates. $5.52083310 $40,026.04
Class A-3 Certificates. $5.39412820 $66,730.76
Class X Certificates. $1.17334923 $141,620.00
Class A-R Certificates. $0.00000000 $0.00
Class B-1 Certificates. $5.39412874 $19,532.48
Class B-2 Certificates. $5.39412690 $8,138.54
Class B-3 Certificates. $5.39412679 $4,882.92
Class B-4 Certificates. $5.39413881 $2,278.70
Class B-5 Certificates. $5.39412679 $1,627.64
Class B-6 Certificates. $5.39412143 $2,604.69
Total Amount 765,860.74
</TABLE>
4.06(iii) Amount of interest shortfall 0.00
<TABLE>
<CAPTION>
4.06(iv) Stated Amount of Certificates after this Distribution
ORIGINAL SINGLE TOTAL
BALANCE CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates. 93,834,000.00 $912.97492540 $85,668,089.15
Class A-2 Certificates. 7,250,000.00 $1,000.00000000 $7,250,000.00
Class A-3 Certificates. 12,371,000.00 $973.98242422 $12,049,136.57
Class X Certificates. 120,697,228.67 $928.11519373 $112,020,931.77
Class A-R Certificates. 100.00 $0.00000000 $0.00
Class B-1 Certificates. 3,621,063.00 $973.98242726 $3,526,851.73
Class B-2 Certificates. 1,508,778.00 $973.98242816 $1,469,523.26
Class B-3 Certificates. 905,229.00 $973.98241771 $881,677.13
Class B-4 Certificates. 422,440.00 $973.98243538 $411,449.14
Class B-5 Certificates. 301,743.00 $973.98246190 $293,892.39
Class B-6 Certificates. 482,875.67 $973.98245391 $470,312.43
Total $112,020,931.80
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
4.06(v) The Pool Stated Principal Balance for the following Distribution Date $112,020,931.77
4.06(vi) Senior Percentage for this Distribution Date 93.8390100507%
Subordinated Percentage for this Distribution Date 6.1609899493%
4.06(vii) Amount of the Master Servicing Fees paid to or retained by the Master Servicer with 36,402.30
respect to such Distribution Date
</TABLE>
<TABLE>
<CAPTION>
4.06(viii) Pass-Through Rate and for each Class of Certificates
<S> <C>
Class A-1 Certificates. 6.62500000%
Class A-2 Certificates. 6.62500000%
Class A-3 Certificates. 6.62500000%
Class X Certificates. 1.46174556%
Class A-R Certificates. 6.62500000%
Class B-1 Certificates. 6.62500000%
Class B-2 Certificates. 6.62500000%
Class B-3 Certificates. 6.62500000%
Class B-4 Certificates. 6.62500000%
Class B-5 Certificates. 6.62500000%
Class B-6 Certificates. 6.62500000%
4.06(ix) Amount of Advances included in the distribution on such Distribution Date 20,812.17
Aggregate amount of Advances outstanding as of the close of business on such 35,068.39
Distribution Date.
</TABLE>
4.06(x) The number and aggregate principal amounts of Mortgage Loans
delinquent
30 to 59 days 14 $1,087,317.15
60 to 89 days 0 $0.00
90 or more 4 $502,654.50
The number and aggregate principal amounts of Mortgage Loans in
foreclosure
In foreclosure 3 $383,692.35
<TABLE>
<CAPTION>
<S> <C> <C> <C>
4.06(xi) The aggregate dollar amount of Scheduled Payments for each of Mortgage Loan for the
preceding 12 calendar months or all calendar months since cut-off date
(a) All outstanding Mortgage loans on each Due Date 0.00
(b) Delinquent 60 days or more on each of the Due Dates 0.00
4.06(xii) Loan number and Stated Principal Balance of any Mortgage loan that became an REO $0.00
Property during the preceding calendar month.
4.06(xiii) Total number and principal balance of any REO Properties as of the close of business on 0 $0.00
the Determination Date preceding such Distribution Date.
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 1,162,609.99
Required Fraud Loss Coverage 2,413,945.00
Current Bankruptcy Amount 75,000.00
</TABLE>
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