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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 27, 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 1999-11, Mortgage
Pass-Through Certificates, Series 1999-11).
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 1999-11, Bear, Stearns & Co. Inc. ("Bear, Stearns"), as one
of the Underwriters of the 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 September 28, 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 27, 1999, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1999-11.
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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. Bear, Stearns Computational Materials filed on Form SE dated
September 28, 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: September 28, 1999
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Exhibit Index
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Exhibit Page
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99.1. Bear, Stearns Computational Materials filed on 6
Form SE dated September 28, 1999.
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EXHIBIT 99.1
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Bear, Stearns Computational Materials filed on Form SE dated
September 28, 1999.
