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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): June 26, 1998
CWMBS, INC., (as depositor under the Pooling and Servicing
Agreement, dated as of June 26, 1998, providing for the issuance of the CWMBS,
INC., Residential Asset Securitization Trust 1998-A8,
Mortgage Pass-Through Certificates, Series 1998-H).
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-H.
In connection with the offering of the Mortgage Pass-Through
Certificates, Series 1998-H, Lehman Brothers Inc. ("LB"), as the underwriter of
the Underwritten Certificates, has prepared certain materials (the "LB
Computational Materials") for distribution to its potential investors. Although
the Company provided LB with certain information regarding the characteristics
of the Mortgage Loans in the related portfolio, the Company did not participate
in the preparation of the LB 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
LB Computational Materials, listed as Exhibit 99.1 hereto, are filed on Form SE
dated June 26, 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 June 26, 1998, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1998-H.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 LB Computational Materials.
filed on Form SE dated June 26, 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/ David Spector
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David Spector
Vice President
Dated: June 26, 1998
Exhibit Index
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Exhibit Page
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99.1 LB Computational Materials filed on Form SE dated
June 26, 1998.
