CWMBS INC
8-K, 1998-05-27
ASSET-BACKED SECURITIES
Previous: PROXYMED INC /FT LAUDERDALE/, 3, 1998-05-27
Next: CWMBS INC, 8-K, 1998-05-27



- --------------------------------------------------------------------------------


                       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): May 1, 1998


     CWMBS, INC. (as depositor under the Pooling and Servicing Agreement,  dated
as of May 1, 1998,  providing for the issuance of the CWMBS,  INC.,  Residential
Asset Securitization Trust 1998-A6 Mortgage  Pass-Through  Certificates,  Series
1998-F).

                                 CWMBS, INC.
                                   -----------
             (Exact name of registrant as specified in its charter)

     Delaware                     333-45887                  95-4449516
     --------                     ---------                  ----------
(State or Other Jurisdiction    (Commission                (I.R.S. Employer
   of Incorporation)             File Number)              Identification No.)

 4500 Park Granada
Calabasas, California                                           91302
- ---------------------                                            -----
(Address of Principal                                          (Zip Code)
 Executive Offices)

Registrant's telephone number, including area code (818) 304-5591
                                                    ---- --------

- --------------------------------------------------------------------------------


Item 5.           Other Events.
- -------           -------------

Filing of Computational Materials*
- ----------------------------------

     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-F.

     In connection with the offering of the Mortgage Pass-Through  Certificates,
Series 1998-F, Bear, Stearns & Co. Inc. ("Bear, Stearns"), as the underwriter of
the Underwritten Senior Certificates, has prepared certain materials (the "Bear,
Stearns  Computational  Materials") for distribution to its potential investors.
Although the Company provided Bear, Stearns with certain  information  regarding
the characteristics of the Mortgage Loans in the related portfolio,  the Company
did not  participate  in the  preparation  of the  Bear,  Stearns  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
Bear, Stearns Computational Materials,  listed as Exhibit 99.1 hereto, are filed
on Form SE dated May 27, 1998.


     

     *Capitalized  termsused  and ot  otherwise  defined  herein  shall have the
meanings  assigned  to them in the  prospectus  dated  March  18,  1998  and the
prospectus  supplement  dated May 26,  1998,  of CWMBS,  Inc.,  relating  to its
Mortgage Pass-Through Certificates, Series 1998-F.




Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.
- -------     -------------------------------------------------------------------

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits:

         99.1.    Bear, Stearns Computational Materials.
                  filed on Form SE dated May 27, 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
                                                           Nicholas Krsnich
                                                           Vice President



Dated:  May 27, 1998


                                  Exhibit Index



Exhibit                                                                   Page
- -------                                                                   ----

99.1.     Bear,  Stearns  Computational  Materials filed on
          Form SE dated May 27, 1998.




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission