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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): January 28, 1999
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of January 1, 1999,
providing for the issuance of the CWMBS, INC.,
Mortgage Pass-Through Certificates, Series 1999-B).
CWMBS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-53861 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.
Filing of Computational Materials
In connection with the offering of the Mortgage Pass-Through Certificates,
Series 1999-B, Credit Suisse First Boston Corporation ("CSFB"), as Underwriter
of the Underwritten Certificates, has prepared certain materials (the "CSFB
Computational Materials") for distribution to its potential investors. Although
the Company provided CSFB with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company did
not participate in the preparation of the CSFB 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
tcharacteristics; 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
CSFB Computational Materials, listed as Exhibit 99.1 hereto, are filed on Form
SE dated January 29, 1999.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated January 26, 1999 and the
prospectus supplement dated November 9, 1998, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1999-B.
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1. CSFB Computational Materials filed on Form SE dated January 29, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,t 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
Celia Coulter
Vice President
Dated: January 28, 1999
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Exhibit Index
Exhibit Page
99.1. CSFB Computational Materials filed on Form SE dated
January 29, 1999.
<PAGE>
EXHIBIT 99.1
CSFB Computational Materials filed on Form SE dated January 29, 1999.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
January 28, 1999
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: CWMBS, Inc.
Mortgage Pass-Through Certificates,
Series 1999-B
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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/ Robert A. Ladd
Robert A. Ladd
Enclosures
