CWMBS INC
8-K/A, 1999-09-23
ASSET-BACKED SECURITIES
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                  Form 8-K/A

                                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.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

        Delaware                      333-72655              95-4449516
- ----------------------------        ------------       ------------------
(State of Other Jurisdiction        (Commission        (I.R.S. Employer
      of Incorporation)             File Number)       Identification No.)

                     4500 Park Granada
                    Calabasas, California                     91302
                 --------------------------                 ----------
                    (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 1999-12, 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. Although the Company provided
Greenwich Capital 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.

     For purposes of this Form 8-K/A, "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,
are filed on Form SE dated September 23, 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.



Item 7.       Financial Statements, Pro Forma Financial
              Information and Exhibits.

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibit:

         99.1. Greenwich Capital Computational Materials filed on Form SE
               dated September 23, 1999.


<PAGE>



                                  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
                                        -----------------
                                         Celia Coulter
                                         Vice President

Dated:  September 23, 1999


                                 Exhibit Index

Exhibit                                                                 Page

99.1.    Greenwich Capital Computational Materials filed on              6
         Form SE dated September 23, 1999.




                                 EXHIBIT 99.1

               Greenwich Capital Computational Materials filed
                     on Form SE dated September 23, 1999.



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