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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): April 23, 1999
CWMBS, INC., (as depositor under the Pooling
and Servicing Agreement, dated as of April 1,
1999, providing for the issuance of the CWMBS,
INC., Alternative Loan Trust 1999-1, Mortgage
Pass-Through Certificates, Series 1999-6).
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.
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Filing of Computational Materials
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In connection with the offering of the Mortgage Pass-Through
Certificates, Series 1999-6, Lehman Brothers Inc. ("Lehman"), as an
Underwriter of the Certificates, has prepared certain materials (the "Lehman
Computational Materials") for distribution to its potential investors. Also,
in connection with the offering of the Mortgage Pass-Through Certificates,
Series 1999-6, Countrywide Securities Corporation ("CSC"), as an Underwriter
of the Certificates, has prepared certain materials (the "CSC Computational
Materials") for distribution to its potential investors. Although the Company
provided Lehman and CSC with certain information regarding the characteristics
of the Mortgage Loans in the related portfolio, the Company did not
participate in the preparation of the Lehman Computational Materials or the
CSC 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 Lehman Computational Materials, listed as Exhibit 99.1 hereto, are filed
on Form SE dated April 26, 1999. The CSC Computational Materials, listed as
Exhibit 99.2 hereto, are filed on Form SE dated April 26, 1999.
* 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 April 23, 1999, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1999-6.
<PAGE>
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. Lehman Computational Materials filed on Form SE dated April 26,
1999.
99.2. CSC Computational Materials filed on Form SE dated April 26,
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: April 26, 1999
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Exhibit Index
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Exhibit Page
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99.1. Lehman Computational Materials filed on
Form SE dated April 26, 1999.
99.2. CSC Computational Materials filed on Form
SE dated April 26, 1999.
<PAGE>
EXHIBIT 99.1
Lehman Computational Materials filed on Form SE dated
April 26, 1999.
<PAGE>
EXHIBIT 99.2
CSC Computational Materials filed on Form SE dated
April 26, 1999.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
April 26, 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.
CHL Mortgage Pass-Through Trust 1999-6
Mortgage Pass-Through Certificates,
Series 1999-6
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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
