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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): March 16, 1999
CWMBS, INC. (as depositor under the Trust
Agreement, dated as of March 19, 1999, providing
for the issuance of the CWMBS, INC.,
Resecuritization Mortgage Certificates, Series
1999-5).
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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<PAGE>
Item 5. Other Events.
Filing of Computational Materials
In connection with the offering of the Resecuritization Mortgage
Certificates, Series 1999-5, Greenwich Capital Markets, Inc. ("Greenwich
Capital"), as the Underwriter 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, "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 March 18, 1999.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated November 9, 1998 and the
prospectus supplement dated March 16, 1999, of CWMBS, Inc., relating to its
Resecuritization Mortgage Certificates, Series 1999-5.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1. Greenwich Capital Computational Materials filed on Form SE dated March
18, 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: March 18, 1999
<PAGE>
Exhibit Index
Exhibit Page
99.1. Greenwich Capital Computational Materials filed on Form SE
dated March 18, 1999.
<PAGE>
EXHIBIT 99.1
Greenwich Capital Computational Materials filed on Form SE dated
March 18, 1999.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
March 18, 1999
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: CWMBS, Inc.
Resecuritization Mortgage Trust 1999-5
Resecuritization Mortgage Certificates,
Series 1999-5
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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
