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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) December 29, 2000
CWMBS, INC., (as depositor under the Pooling and
Servicing Agreement, dated as of December 1, 2000,
providing for the issuance of the CWMBS, INC., CHL
Mortgage Pass-Through Trust 2000-11, Mortgage Pass-
Through Certificates, Series 2000-11).
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.
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Description of the Mortgage Pool*
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On December 29, 2000, CWMBS, Inc. (the "Company") entered into a Pooling
and Servicing Agreement dated as of December 1, 2000 (the "Pooling and
Servicing Agreement"), by and among the Company, as depositor, Countrywide
Home Loans, Inc. ("CHL"), as seller and as master servicer, and The Bank of
New York, as trustee (the "Trustee"), providing for the issuance of the
Company's Mortgage Pass-Through Certificates, Series 2000-11.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus dated November 13, 2000 and the
Prospectus Supplement dated December 27, 2000, of CWMBS, Inc., relating to
its Mortgage Pass-Through Certificates, Series 2000-11.
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Mortgage Loan Statistics
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The following tables describe characteristics of the Initial Mortgage
Loans as of the Cut-off Date. All percentages set forth below have been
calculated based on the principal balance of the Initial Mortgage Loans as of
the date set forth below. The sum of the columns may not equal the respective
totals due to rounding.
State Distribution of Mortgaged Properties
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Aggregate
Number of Principal Balance Percent of
State Mortgage Loans Outstanding Mortgage Pool
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Arizona 13 $ 4,743,100.00 2.37%
California 259 $ 99,296,228.41 49.65%
Colorado 39 $ 14,704,059.00 7.35%
Florida 11 $ 4,535,650.00 2.27%
Massachusetts 10 $ 4,576,266.25 2.29%
Michigan 14 $ 5,919,479.63 2.96%
New Jersey 8 $ 4,055,692.19 2.03%
New York 13 $ 4,212,590.00 2.11%
Texas 26 $ 9,413,320.00 4.71%
Washington 18 $ 7,400,270.00 3.70%
Other (less than 2%) 105 $ 41,137,426.40 20.57%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Documentation Program for Mortgage Loans
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Aggregate
Type of Number of Principal Balance Percent of
Program Mortgage Loans Outstanding Mortgage Pool
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Alternative 181 $ 70,278,257.88 35.14%
Full 208 $ 81,463,459.56 40.73%
No Income 8 $ 3,090,300.00 1.55%
Reduced 118 $ 44,864,064.44 22.43%
Streamlined 1 $ 298,000.00 0.15%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Type of Mortgaged Properties
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Aggregate
Number of Principal Balance Percent of
Property Type Mortgage Loans Outstanding Mortgage Pool
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2-4 Units 1 $ 469,000.00 0.24%
Condominium 30 $ 10,399,236.52 5.20%
PUD 160 $ 60,583,769.53 30.29%
Single Family Residence 325 $128,542,075.83 64.27%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Mortgage Rates
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Aggregate
Mortgage Rates Number of Principal Balance Percent of
(%) Mortgage Loans Outstanding Mortgage Pool
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7.000 2 $ 672,750.00 0.34%
7.125 3 $ 1,276,720.00 0.64%
7.250 9 $ 3,491,050.00 1.75%
7.375 7 $ 2,765,044.00 1.38%
7.500 15 $ 6,203,549.19 3.10%
7.625 30 $ 10,888,270.00 5.44%
7.750 50 $ 18,613,691.25 9.31%
7.875 83 $ 33,054,126.71 16.53%
7.990 1 $ 291,803.67 0.15%
8.000 54 $ 20,109,117.00 10.05%
8.125 54 $ 20,623,064.00 10.31%
8.250 55 $ 21,427,678.07 10.71%
8.375 32 $ 12,128,093.92 6.06%
8.500 42 $ 16,727,216.08 8.36%
8.625 17 $ 5,855,488.00 2.93%
8.750 19 $ 8,254,912.59 4.13%
8.875 13 $ 5,019,973.00 2.51%
9.000 4 $ 1,747,600.00 0.87%
9.125 3 $ 1,179,819.07 0.59%
9.250 9 $ 4,032,600.00 2.02%
9.375 3 $ 1,239,748.02 0.62%
9.500 7 $ 2,875,515.79 1.44%
9.625 2 $ 672,359.87 0.34%
9.750 1 $ 495,550.00 0.25%
9.875 1 $ 348,341.65 0.17%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Purpose of Mortgage Loans
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Aggregate
Number of Principal Balance Percent of
Loan Purpose Mortgage Loans Outstanding Mortgage Pool
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Cash-Out Refinance 86 $ 35,928,968.03 17.97%
Purchase 371 $140,157,121.38 70.08%
Rate/Term Refinance 59 $ 23,907,992.47 11.95%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Original Loan-to-Value Ratio of Mortgage Loans
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Aggregate
Orginal Loan-to-Value Number of Principal Balance Percent of
Ratio (%) Mortgage Loans Outstanding Mortgage Pool
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50.00 and below 19 $ 8,656,990.58 4.33%
50.01 to 55.00 5 $ 1,695,900.00 0.85%
55.01 to 60.00 13 $ 4,693,170.00 2.35%
60.01 to 65.00 13 $ 5,099,153.67 2.55%
65.01 to 70.00 42 $ 19,160,727.22 9.58%
70.01 to 75.00 76 $ 32,864,405.61 16.43%
75.01 to 80.00 265 $ 99,367,357.26 49.69%
80.01 to 85.00 13 $ 4,964,798.00 2.48%
85.01 to 90.00 43 $ 14,723,537.63 7.36%
90.01 to 99.00 27 $ 8,768,041.91 4.38%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Occupancy Type of Mortgaged Property
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Aggregate
Number of Principal Balance Percent of
Occupancy Types Mortgage Loans Outstanding Mortgage Pool
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Investment 12 $ 4,943,239.67 2.47%
Owner Occupied 489 $188,917,177.21 94.46%
Second/Vacation Home 15 $ 6,133,665.00 3.07%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Mortgage Loans Current Principal Balances
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Aggregate
Currant Mortgage Loan Number of Principal Balance Percent of
Amounts Mortgage Loans Outstanding Mortgage Pool
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$250,001 - $300,000 100 $ 28,568,228.42 14.28%
$300,001 - $350,000 154 $ 50,366,731.60 25.18%
$350,001 - $400,000 113 $ 42,687,029.23 21.34%
$400,001 - $450,000 38 $ 16,259,500.00 8.13%
$450,001 - $500,000 51 $ 24,445,195.51 12.22%
$500,001 - $550,000 17 $ 8,982,450.00 4.49%
$550,001 - $600,000 18 $ 10,380,244.00 5.19%
$600,001 - $650,000 12 $ 7,615,543.48 3.81%
$650,001 - $700,000 4 $ 2,727,050.00 1.36%
$700,001 - $750,000 2 $ 1,456,070.00 0.73%
$750,001- $1,000,000 5 $ 4,245,212.64 2.12%
$1,000,001- $1,500,000 2 $ 2,260,827.00 1.13%
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Total 516 $199,994,081.88 100.00%
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<PAGE>
Remaining Term to Maturity of Mortgage Loans
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Aggregate
Remaining Term to Number of Principal Balance Percent of
Maturity (Months) Mortgage Loans Outstanding Mortgage Pool
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360 493 $191,064,536.25 95.54%
359 16 $ 5,832,783.29 2.92%
358 1 $ 399,501.02 0.20%
357 2 $ 1,315,915.54 0.66%
356 2 $ 744,042.88 0.37%
355 1 $ 291,102.90 0.15%
300 1 $ 346,200.00 0.17%
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Total 516 $199,994,081.88 100.00%
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Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
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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: January 12, 2001
