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Previous: CWMBS INC, 8-K, 1997-03-26 |
Next: CWMBS INC, 8-K, 1997-03-26 |
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): September 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 September 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 March 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 September 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: September 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
September 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 CIERTIFICATES
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 09/25/96
<TABLE>
<CAPTION>
SINGLE TOTAL
4.06(i) Reduction of the Stated Amount of CERTIFICATE AMOUNT
Certificates
<S> <C> <C> <C>
Class A-1 Certificates. RS5 $35.72448499 1,020,216.27
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 $1.13594061 12,777.06
Class A-R Certificates. SA3 $35.70000000 3.57
Class X Certificates. SC9 $O.00000000 0.00
Class B-1 Certificates. SD7 $0.63049889 6,799.30
Class B-2 Certificates. SE5 $0.63049978 2,914.17
Class B-3 Certificates. SF2 $0.63050000 1,941.94
Class B-4 Certificates. N/A $0.63049558 712.46
Class B-5 Certificates. N/A $0.63050243 389.02
Class B-6 Certificates. N/A $0.63049657 841.90
Total Amount 1,046,595.69
</TABLE>
Aggregate amount of any Principal
Prepayments 921,866.14
<TABLE>
<CAPTION>
4.06(ii) Amount of distribution
representing interest. SINGLE TOTAL
CERTIFICATE AMOUNT
<S> <C> <C>
Class A-1 Certificates. $4.18980912 119,652.15
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. $5.83333221 175,583.33
Class A-7 Certificates. $5.83333362 68,156.67
Class A-8 Certificates. $5.80189634 65,259.73
Class A-R Certificates. $5.00000000 0.50
Class X Certificates. $1.00450845 206,332.36
Class B-1 Certificates. $5.81588464 62,718.50
Class B-2 Certificates. $5.81588490 26,881.02
Class B-3 Certificates. $5.81588312 17,912.92
Class B-4 Certificates. $5.31588496 6,571.95
Class B-5 Certificates. $5.81588331 3,588.40
Class B-6 Certificates. $5.81588338 7,765.93
Total Amount 1,354,361.50
</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. 28,557,900.00 $682.52849579 $19,491,580.53
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 $993.47486931 $11,174,605.33
Class A-R Certificates. 100.00 $682.50000000 $68.25
Class X Certificates. 205,406,296.72 $955.12376715 $196,188,435.92
Class B-1 Certificates. 10,784,000.00 $996.37825482 $10,744,943.10
Class B-2 Certificates. 54,622,000.00 $996.37825400 $4,605,260.29
Class B-3 Certificates. 3,080,000.00 $996.37825000 $3,068,845.01
Class B-4 Certificates. 1,130,000.00 $996.37825664 $1,125,907.43
Class B-5 Certificates. 617,000.00 $996.37824959 $614,765.38
Class B-6 Certificates. 1,335,296.72 $996.37826565 $1,330,460.63
Total $196,188,435.95
</TABLE>
4.06(v) The Pool Stated Principal Balance $196,188,435.95
for the following Distribution Date
4.06(vi) Senior Percentage for this 89.0461526257%
Distribution Date
Subordinated Percentage for this 10.9538473743%
Distribution Date
4.06(vii) Amount of the Master Servicing $61,818.32
Fees paid to or retained by the Master
Servicer with respect to such Distribution
Date
<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. 1.25534916%
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>
4.06(ix) Amount of Advances included in 62,468.62
the distribution on such Distribution Date.
Aggregate amount of Advances outstanding 78,510.68
as of the close of business on such
Distribution Date
<TABLE>
<CAPTION>
4.06(x) The number and aggregate principal
amounts of Mortgage Loans delinquent
<S> <C> <C>
30 to 59 days 25 6,657,131.14
60 to 89 days 2 440,704.36
90 or more 3 800,718.35
</TABLE>
<TABLE>
<CAPTION>
4.06(xi) The number and aggregate principal amounts
of Mortgage Loans in foreclosure
<S> <C> <C>
In foreclosure 1 $232,238.34
</TABLE>
4.06(xi) Loan number and Stated Principal $0.00
Balance of any Mortgage loan that became
an REO Property during the preceding
calendar month.
4.06(xiii) Total number and principal 0 $0.00
balance of any REO Properties as of the
close of business on the Determination
Date preceding such Distribution Date.
4.06(xiv) Senior Prepayment Percentage 100.0000000000%
4.06(xv) Aggregate amount of Realized $0.00
Losses incurred during the preceding
calendar month
Aggregate amount of Realized Losses $0.00
through Distribution Date
4.06(xvi) Special Hazard Loss Coverag Amount 394,470,063.20
Required Fraud Loss Coverage 6,099,827.00
Current Bankruptcy Amount 100,000.00
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