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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): June 25, 1999
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of June 1, 1999,
providing for the issuance of the CWMBS, INC., CHL
Mortgage Pass-Through Trust 1999-8, Mortgage
Pass-Through Certificates, Series 1999-8).
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) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
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(Address of Principal (Zip Code)
Executive Offices)
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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 1999-8, Bear, Stearns & Co. Inc. ("Bear, Stearns"), as
the Underwriter of the Certificates, has prepared certain materials (the
"Bear, Stearns Computational Materials") for distribution to its potential
investors. Although the Company provided Bear, Stearns with certain
information regarding the characteristics of the Mortgage Loans in the related
portfolio, the Company did not participate in the preparation of the Bear,
Stearns 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 Bear, Stearns Computational Materials, listed as Exhibit 99.1 hereto, are
filed on Form SE dated June 25, 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 June 24, 1999, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 1999-8.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1. Bear, Stearns Computational Materials filed on Form SE dated
June 25, 1999.
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: June 28, 1999
Exhibit Index
Exhibit Page
99.1. Bear, Stearns Computational Materials filed on Form SE dated
June 25, 1999.
EXHIBIT 99.1
Bear, Stearns Computational Materials filed on Form SE
dated June 25, 1999.
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
June 28, 1999
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: CWMBS, Inc.
CHL Mortgage Pass-Through Trust 1999-8
Mortgage Pass-Through Certificates,
Series 1999-8
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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/ Naji Massouh
Naji Massouh
Enclosure
