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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): April 29, 1998
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of April 1, 1998, providing
for the issuance of the CWMBS, INC., Residential Asset
Securitization Trust 1998-A5, Mortgage Pass-Through
Certificates, Series 1998-E).
CWMBS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-45887 95-4449516
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 304-5591
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Item 5. Other Events.
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Filing of Computational Materials
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Pursuant to Rule 424(b) under the Securities Act of 1933, concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the
"Form 8-K"), CWMBS, Inc. (the "Company") is filing a prospectus and
prospectus supplement with the Securities and Exchange Commission relating to
its Mortgage Pass-Through Certificates, Series 1998-E.
In connection with the offering of the Mortgage Pass-Through
Certificates, Series 1998-E, Lehman Brothers Inc. ("Lehman"), as the
underwriter of the Underwritten Senior Certificates, has prepared certain
materials (the "Lehman Computational Materials") for distribution to its
potential investors. Although the Company provided Lehman with certain
information regarding the characteristics of the Mortgage Loans in the
related portfolio, the Company did not participate in the preparation of the
Lehman Computational Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity;
cash flow characteristics; background information regarding the Mortgage
Loans; the proposed structure; decrement tables; or similar information
(tabular or otherwise) of a statistical, mathematical, tabular or
computational nature. The Lehman Computational Materials, listed as Exhibit
99.1 hereto, are filed on Form SE dated April 28, 1998.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated March 18, 1998 and the
prospectus supplement dated April 24, 1998, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1998-E.
Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Lehman Computational Materials.
filed on Form SE dated April 28, 1998.
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 hereunto duly authorized.
CWMBS, INC.
By: /s/ Nicholas Krsnich
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Nicholas Krsnich
Vice President
Dated: April, 28 1998
Exhibit Index
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Exhibit Page
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99.1 Lehman Computational Materials
filed on Form SE dated April 28, 1998.
