|
|
|
|
|
|
|
|
|
|
Previous: CWMBS INC, 10-K, 1997-03-28 |
Next: CWMBS INC, 8-K, 1997-03-28 |
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-CHL1)
(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-CHL1
On September 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-CHL1, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 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-CHL1 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 July 1, 1996.
<PAGE>
GREENWICH CAPITAL ACCEPTANCE, INC.
Mortgage Pass-Through Certificates, Series 1996-CHL1
Countrywide Home Loans, as Servicer
<TABLE>
<CAPTION>
Class Information Current Payment Information
Beg Certificate/ Pass Principal Interest Total
Type Name Notional Bal. Thru Rate Dist. Amt. Dist. Amt. Dist.
<S> <C> <C> <C> <C> <C> <C>
Senior A 185,494,343.13 5.787500% 1,898,866.40 894,623.76 2,793,490.16
Subordinate B-IO 186,111,643.26 3.032379% 0.00 0.00 0.00
Residual R 0.00 0.000000% n/a 0.00 0.00
Totals 185,494,343.13 - 1,898,866.40 894.623.76 2,793,490.16
</TABLE>
<TABLE>
<CAPTION>
Class Information Original Certificate Information
Class Code Name Cert. Bal. Pass Thru Cusips
<S> <C> <C> <C>
A 187,965,310.34 5.818750% 396782ES9
B-IO 187,965,310.34 3.165104% n/a
R 0.00 0.000000% n/a
Totals - 187,965,310.34 - -
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Class Information Factors per $1,000
End Certificate/ Principal Interest Ending
Type Name Notional Bal. Dist. Dist. Cert. Bal
<S> <C> <C> <C> <C> <C>
Senior A 183,595,476.73 10.1022172 4.7595152 976.7519145
Subordinate B-IO 184,686,142.35 .0000000 .0000000 982.5543980
Residual R 0.00 .0000000 .0000000 .0000000
Totals 183,595,476.73 10.1022172 4.7595152 14.8617325
</TABLE>
<TABLE>
<CAPTION>
Losses and Unpaid Amounts
Carry Forward Interest Unpaid Interest
Name Amount Shortfalls Shortfalls
<S> <C> <C> <C>
A 0.00 0.00 0.00
B-IO n/a 0.00 0.00
R n/a n/a n/a
- - -
</TABLE>
<PAGE>
P&S Ref.
Sec. 4.05 ENDING COLLATERAL INFORMATION
Aggregate stated principal balance 186,111,643.26
Loan count 1758
Weighted average remaining term 355
Weighted average coupon rate 9.489879%
P&S Ref.
Sec. 4.05 FEES & ADVANCES
Master servicer fees 76,884.22
Advances (this period) 0.00
Recoveries (this period) 0.00
Outstanding advances 0.00
P&S Ref.
Sec. 4.05 OTHER INFORMATION
Available funds 2,896,652.74
Insured payments 0.00
Aggregate prepayments 1,325,058.44
Required subordination amount 5,638,959.31
Subordination deficit 0.00
Class B-IO optimal interest dist amount 470,300.85
Subordination increase amount 473,365.49
P&S Ref.
Sec. 4.05 DELINQUENCY INFORMATION (as of the Due Date)
Period Loan Count Ending Stated Balance
31-60 days 38 3,552,937.96
61-90 days 11 1,146,474.51
91 + days 2 187,107.21
In foreclosure 5 545,327.90
Totals 56 5,431,847.58
P&S Ref.
Sec. 4.05 REO INFORMATION
REO Date Loan Number Ending Stated Balance
- 0.00
- 0.00
- 0.00
- 0.00
Totals 0 0.00
P&S Ref.
Sec. 4.05 LIQUIDATED LOAN INFORMATION
Loan Number Stated Principal Balance Realized Loss
- 0.00 0.00
- 0.00 0.00
- 0.00 0.00
- 0.00 0.00
Totals 0 0.00
|
|