- -------------------------------------------------------------------------------
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): May 26, 2000
CWMBS, INC., (as depositor under the Pooling and Servicing
Agreement, dated as of May 1, 2000 , providing for the
issuance of the CWMBS, INC., CHL Mortgage Pass-Through
Trust 2000-3, Mortgage Pass-Through Certificates, Series
2000-3).
CWMBS, INC.
-------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-72655 95-4449516
- ---------------------------- ------------ ------------------
(State of Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
----------------------- ---------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 225-3240
----- --------
- -------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
Filing of Computational Materials
In connection with the offering of the Mortgage Pass-Through
Certificates, Series 2000-3, Bear, Stearns & Co. Inc. ("Bear"), as one of the
Underwriters of the Certificates, has prepared certain materials (the "Bear
Computational Materials") for distribution to its potential investors.
Although the Company provided Bear 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 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 Computational Materials, listed as Exhibit 99.1 hereto, are filed on
Form SE dated May 26, 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 May 25, 2000 , of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 2000-3.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1. Bear Computational Materials filed on Form SE dated May 26,
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
-------------------
Celia Coulter
Vice President
Dated: May 26, 2000
<PAGE>
Exhibit Index
Exhibit Page
99.1. Bear Computational Materials filed on Form SE
dated May 26, 2000. 6
<PAGE>
EXHIBIT 99.1
Bear Computational Materials filed on Form SE dated May 26, 2000 .
