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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): December 27, 1999
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of December 1, 1999,
providing for the issuance of the CWMBS, INC.,
Mortgage Pass-Through Certificates, Series 1999-I).
CWMBS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-72655 95-4449516
(State of Other Jurisdiction (Commission (I.R.S. Employer
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of Incorporation)
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-I, Credit Suisse First Boston Corporation ("CSFB"),
as the 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
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 CSFB Computational Materials, listed as Exhibit 99.1 hereto are filed on
Form SE dated December 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 December 27, 1999, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1999-I.
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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
December 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: December 28, 1999
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Exhibit Index
Exhibit Page
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99.1. CSFB Computational Materials filed on Form SE dated
December 28, 1999. 6
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EXHIBIT 99.1
CSFB Computational Materials filed on Form SE dated December 28, 1999.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
December 28, 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.
Mortgage Pass-Through Certificates,
Series 1999-I
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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
