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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): September 17, 1999
CWMBS, INC. (as depositor under the Pooling
and Servicing Agreement, dated as of September 1,
1999, providing for the issuance of the CWMBS,
INC., CHL Mortgage Pass-Through Trust 1999-12,
Mortgage Pass-Through Certificates, Series 1999-12).
CWMBS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-72655 95-4449516
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(State of 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) 225-3240
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Item 5. Other Events.
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Filing of Computational Materials
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In connection with the offering of the Mortgage Pass-Through
Certificates, Series 1999-12, Greenwich Capital Markets, Inc. ("Greenwich
Capital"), as one of the Underwriters of the Certificates, has prepared
certain materials (the "Greenwich Capital Computational Materials") for
distribution to its potential investors. In addition Donaldson, Lufkin &
Jenrette Securities Corporation ("Donaldson, Lufkin & Jenrette"), as one of
the Underwriters of the Certificates, has prepared certain materials (the
"Donaldson, Lufkin & Jenrette Computational Materials") for distribution to
its potential investors. Although the Company provided Greenwich Capital and
Donaldson, Lufkin & Jenrette with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company
did not participate in the preparation of the Greenwich Capital Computational
Materials or the Donaldson, Lufkin & Jenrette 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 Greenwich Capital Computational Materials, listed as Exhibit 99.1 hereto
and the Donaldson, Lufkin & Jenrette Computational Materials listed as Exhibit
99.2 hereto, are filed on Form SE dated September 17, 1999.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated May 17, 1999 and the
prospectus supplement dated September 17, 1999, of CWMBS, Inc., relating to
its Mortgage Pass-Through Certificates, Series 1999-12.
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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. Greenwich Capital Computational Materials filed on Form SE dated
September 17, 1999.
99.2. Donaldson, Lufkin & Jenrette Computational Materials filed on
Form SE dated September 17, 1999.
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SIGNATURES
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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: September 24, 1999
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Exhibit Index
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Exhibit Page
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99.1. Greenwich Capital Computational Materials filed on 6
Form SE dated September 17, 1999.
99.2. Donaldson, Lufkin & Jenrette Computational Materials 7
filed on Form SE dated September 17, 1999.
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EXHIBIT 99.1
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Greenwich Capital Computational Materials filed on
Form SE dated September 17, 1999.
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EXHIBIT 99.2
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Donaldson, Lufkin & Jenrette Computational Materials filed on
Form SE dated September 17, 1999.
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