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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 19, 1999
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of November 1, 1999,
providing for the issuance of the CWMBS, INC.,
Alternative Loan Trust 1999-2, Mortgage Pass-Through
Certificates, Series 1999-13).
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 1999-13, Countrywide Securities Corporation (the "Underwriter"), as
underwriter of the Certificates, has prepared certain materials (the
"Computational Materials") for distribution to its potential investors. Although
the Company provided the underwriter with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company did
not participate in the preparation of the 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
Computational Materials, listed as Exhibit 99.1 hereto, are filed on Form SE
dated November 19, 1999.
* 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 November 24, 1999, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1999-13.
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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. Computational Materials filed on Form SE dated November 19, 1999.
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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 30, 1999
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Exhibit Index
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Exhibit Page
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99.1. Computational Materials filed on Form SE dated 6
November 19, 1999.
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EXHIBIT 99.1
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Computational Materials filed on Form SE dated November 19, 1999.
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BROWN & WOOD llp
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
November 30, 1999
BY MODEM
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: CWMBS, Inc.
Alternative Loan Trust 1999-2
Mortgage Pass-Through Certificates,
Series 1999-13
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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, the Company's Current
Report on Form 8-K, for Computational Materials in connection with the
above-referenced transaction.
Very truly yours,
/ s / Amy Sunshine
Amy Sunshine
Enclosure
