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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): January 25, 2000
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of January 1, 2000,
providing for the issuance of the CWMBS, INC., CHL
Mortgage Pass-Through Trust 2000-1, Mortgage
Pass-Through Certificates, Series
2000-1).
CWMBS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-72655 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 Mortgage Pass-Through
Certificates, Series 2000-1, Countrywide Securities Corporation ("CSC"), as
one of the Underwriters of the Certificates, has prepared certain materials
(the "CSC Computational Materials") for distribution to its potential
investors. Although the Company provided 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 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 CSC Computational Materials, listed as Exhibit 99.1 hereto, are filed on
Form SE dated January 27, 2000.
* 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 January 25, 2000, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 2000-1.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1. CSC Computational Materials filed on Form SE dated
January 27, 2000.
<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
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Celia Coulter
Vice President
Dated: January 27, 2000
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Exhibit Index
Exhibit Page
99.1. CSC Computational Materials filed on Form SE dated 6
January 27,2000.
<PAGE>
EXHIBIT 99.1
CSC Computational Materials filed on Form SE dated January 27, 2000.
<PAGE>
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
January 27, 2000
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 2000-1
Mortgage Pass-Through Certificates,
Series 2000-1
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
