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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): November 25, 1998
CWMBS, INC., as depositor under the Pooling and Servicing
Agreement, dated as of November 1, 1998, providing for the issuance of the
CWMBS, INC., Residential Asset Securitization Trust 1998-A15, Mortgage
Pass-Through Certificates, Series 1998-O.
CWMBS, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-53861 95-4596514
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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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<PAGE>
Item 5. Other Events.
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-O.
In connection with the offering of the Mortgage Pass-Through Certificates,
Series 1998-O, 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 November 25, 1998.
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o Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated November 9, 1998 and
the prospectus supplement dated November 23, 1998, of CWMBS, Inc.,
relating to its Mortgage Pass-Through Certificates, Series 1998-O.
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Item 7. Financial Statements, Pro Forma Financial
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
November 25, 1998.
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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/ Celia Coulter
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Celia Coulter
Vice President
Dated: November 25, 1998
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Exhibit Index
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Exhibit Page
99.1 Lehman Computational Materials filed on Form SE dated November 25, 1998.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
November 25, 1998
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: CWMBS, Inc.
Residential Asset Securitization Trust 1998-A15,
Mortgage Pass-Through Certificates, Series 1998-O
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Ladies and Gentlemen:
On behalf of CWMBS, Inc. (the "Company"), we enclose herewith for filing,
pursuant to the Securities and Exchange Act of 1934, as amended, the Company's
Current Report on Form 8-K, for Computational Materials in connection with the
above-referenced transaction.
Pursuant to a continuing hardship exemption letter dated November 6, 1996, as
provided in Rule 202 of Regulation S-T, Exhibits 99.1 will be filed on
November 25, 1998 in paper on Form SE.
Very truly yours,
/s/ Naji Massouh
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Naji Massouh
Enclosure
