SUPPLEMENT
TO PROSPECTUS SUPPLEMENT DATED November 22, 1993
(To Prospectus dated August 31, 1993)
CWMBS, INC.
Depositor
Countrywide
Home Loans, Inc.
Seller and Master Servicer
Mortgage Pass-Through Certificates, Series 1993-10
----------------
The Class A-3 Certificates
The Class A-3 o This supplement relates to the offering of the
certificates represent Class A-3 certificates of the series referenced
obligations of the trust above. This supplement does not contain complete
only and do not information about the offering of the Class A-3
represent an interest in certificates. Additional information is
or obligation of contained in the prospectus supplement dated
CWMBS, Inc. November 22, 1993 prepared in connection with the
Countrywide Home offering of the offered certificates of the
Loans, Inc. or any of series referenced above and in the prospectus
their affiliates. of the depositor dated August 31, 1993. You
are urged to read this supplement, the
This supplement may prospectus supplement and the prospectus in full.
be used to offer and sell
the offered certificates o As of the March 25, 2000, the class certificate
only if accompanied by balance of the Class A-3 certificates was
the prospectus approximately $14,400,000.
supplement and the
prospectus.
Neither the SEC nor any state securities commission has approved these
securities or determined that this supplement, the prospectus supplement or
the prospectus is accurate or complete. Any representation to the contrary is
a criminal offense.
This supplement is to be used by Countrywide Securities Corporation, an
affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection with
offers and sales relating to market making transactions in the Class A-3
certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices related to the prevailing prices at the time of
sale.
April 19, 2000
THE MORTGAGE POOL
As of March 1, 2000 (the "Reference Date"), the Mortgage Pool included
approximately 717 Mortgage Loans having an aggregate Stated Principal Balance
of approximately $207,400,895.
The following table summarizes the delinquency and foreclosure experience
of the Mortgage Loans as of the Reference Date.
As of
March 1, 2000
Total Number of Mortgage Loans.................................. 717
Delinquent Mortgage Loans and Pending Foreclosures at
Period End (1)
30-59 days................................................. 0.84%
60-90 days................................................. 0.14%
91 days or more (excluding pending foreclosures)........... 0.00%
-----
Total Delinquencies........................................ 0.98%
=====
Foreclosures Pending............................................ 0.00%
-----
Total Delinquencies and foreclosures pending.................... 0.98%
=====
- --------------
(1) As a percentage of the total number of Mortgage Loans as of the
Reference Date.
Certain information as to the Mortgage Loans as of the Reference Date is
set forth in Exhibit 1 in tabular format. Other than with respect to rates of
interest, percentages (approximate) are stated in such tables by Stated
Principal Balance of the Mortgage Loans as of the Reference Date and have been
rounded in order to total 100.00%.
SERVICING OF MORTGAGE LOANS
The Master Servicer
Countrywide Home Loans, Inc. (formerly known as Countrywide Funding
Corporation) will continue to act as Master Servicer under the Agreement.
Foreclosure and Delinquency Experience
The following table summarizes the delinquency, foreclosure and loss
experience, respectively, on the dates indicated, of all mortgage loans
originated or acquired by Countrywide Home Loans, Inc., serviced or master
serviced by the Master Servicer and securitized by the Depositor. The
delinquency, foreclosure and loss percentages may be affected by the size and
relative lack of seasoning of such servicing portfolio which increased from
approximately $8.555 billion at February 29, 1996, to approximately $8.671
billion at February 28, 1997, to approximately $11.002 billion at February 28,
1998, to approximately $15.381 billion at February 28, 1999 and to
approximately $17.480 billion at November 30, 1999. Accordingly, the
information should not be considered as a basis for assessing the likelihood,
amount or severity of delinquency or losses on the Mortgage Loans and no
assurances can be given that the foreclosure, delinquency and loss experience
presented in the table below will be indicative of such experience on the
Mortgage Loans:
<TABLE>
<CAPTION>
At February 28, (29), At November
------------------------------------------------------------ 30,
1996 1997 1998 1999 1999
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Delinquent Mortgage Loans and Pending
Foreclosures at Period End:
30-59 days.............................. 0.65% 0.65% 1.08% 1.03% 1.12%
60-89 days.............................. 0.09 0.15 0.16 0.18 0.17
90 days or more (excluding pending
foreclosures)...................... 0.09 0.16 0.16 0.12 0.14
---- ---- ---- ---- ----
Total of delinquencies.................. 0.83% 0.96% 1.40% 1.33% 1.43%
==== ==== ==== ==== ====
Foreclosures pending............................. 0.12% 0.17% 0.17% 0.14% 0.15%
==== ==== ==== ==== ====
Total delinquencies and foreclosures pending..... 0.95% 1.13% 1.57% 1.47% 1.58%
==== ==== ==== ==== ====
Net Gains/(Losses) on liquidated loans (1) ...... ($307,000) ($2,812,000) ($2,662,000) ($3,704,605) ($755,996)
Percentage of Net Gains/(Losses) on liquidated
loans (1)(2) ............................... 0.00% (0.032)% (0.024)% (0.028)% (0.004)%
Percentage of Net Gains/(Losses) on liquidated
loans (based on average outstanding
principal balance)(1) ...................... (0.004)% (0.033)% (0.027)% (0.028)% (0.004)%
- -----------------
</TABLE>
(1) "Net Gains (Losses)" are actual gains or losses incurred on liquidated
properties which are calculated as net liquidation proceeds less book
value (excluding loan purchase premium or discount).
(2) Based upon the total principal balance of the mortgage loans outstanding
on the last day of the indicated period.
The following table summarizes the delinquency and foreclosure
experience, respectively, on the dates indicated, on all mortgage loans
serviced or master serviced by the Master Servicer. Such mortgage loans have a
variety of underwriting, payment and other characteristics, many of which
differ from those of the Mortgage Loans, and no assurances can be given that
the delinquency and foreclosure experience presented in the table below will
be indicative of such experience of the Mortgage Loans. The delinquency and
foreclosure percentages may be affected by the size and relative lack of
seasoning of such servicing portfolio which increased from approximately
$136.8 billion at February 29, 1996, to approximately $158.6 billion at
February 28, 1997, to approximately $182.9 billion at February 28, 1998, to
approximately $215.5 billion at February 28, 1999 and to approximately $244.0
billion at November 30, 1999.
<TABLE>
<CAPTION>
At February 28, (29), At November
--------------------------------------------------------- 30,
1996 1997 1998 1999 1999
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Delinquent Mortgage Loans and Pending
Foreclosures at Period End(1):
30-59 days.............................. 2.13% 2.26% 2.68% 3.05% 3.38%
60-89 days.............................. 0.48 0.52 0.58 0.21 0.26
90 days or more (excluding pending
foreclosures)...................... 0.59 0.66 0.65 0.29 0.33
---- ---- ---- ---- ----
Total of delinquencies.................. 3.20% 3.44% 3.91% 3.55% 3.97%
==== ==== ==== ==== ====
Foreclosures pending.................... 0.49% 0.71% 0.45% 0.31% 0.33%
==== ==== ==== ==== ====
Total delinquencies and foreclosures
pending............................ 3.69% 4.15% 4.36% 3.86% 4.30%
==== ==== ==== ==== ====
</TABLE>
- --------------
(1) Including loans subserviced for others.
DESCRIPTION OF THE CLASS A-3 CERTIFICATES
The Class A-3 Certificates will be entitled to receive interest in the
amount of the Interest Distribution Amount for such Class as described in the
Prospectus Supplement under "Description of the Certificates -- Interest". The
Class A-3 Certificates are Primary Planned Principal Class Certificates. The
Planned Balances for the Class A-3 Certificates are set forth in the Principal
Balance Schedules in the Prospectus Supplement. The Class A-3 Certificates are
allocated principal payments as described in the Prospectus Supplement under
"Description of the Certificates -- Principal -- Senior Principal Distribution
Amount".
As of March 25, 2000 (the "Certificate Date"), the Class Certificate
Balance of the Class A-3 Certificates was approximately $14,400,000,
evidencing a beneficial ownership interest of approximately 6.94% in the Trust
Fund. As of the Certificate Date, the Senior Certificates had an aggregate
principal balance of approximately $190,258,748 and evidenced in the aggregate
a beneficial ownership interest of approximately 91.73% in the Trust Fund. As
of the Certificate Date, the Subordinated Certificates had an aggregate
principal balance of approximately $17,142,147, and evidenced in the aggregate
a beneficial ownership interest of approximately 8.27% in the Trust Fund. For
additional information with respect to the Class A-3 Certificates, see
"Description of the Certificates" in the Prospectus Supplement.
Reports to Certificateholders
The most recent monthly statement that has been furnished to
Certificateholders of record on the most recent Distribution Date is included
herein as Exhibit 2.
Revised Structuring Assumptions
Unless otherwise specified, the information in the tables appearing in
this Supplement under "Yield, Prepayment and Maturity Considerations --
Decrement Tables" has been prepared on the basis of the following assumed
characteristics of the Mortgage Loans and the following additional assumptions
(collectively, the "Revised Structuring Assumptions"): (i) the Mortgage Loans
consist of two Mortgage Loans with the following characteristics:
<TABLE>
<CAPTION>
Remaining
Original Term Term to
Principal Net to Maturity (in Maturity (in
Balance Mortgage Rate Mortgage Rate months) months)
- --------------- -------------- ------------- -------------- ------------
<S> <C> <C> <C> <C>
$143,250,473.12 6.908867109% 6.657617109% 359.32 282.90
$ 64,150,422.09 7.209525187% 6.958275187% 360.00 283.59
</TABLE>
(ii) the Mortgage Loans prepay at the specified constant percentages of SPA
(as defined below), (iii) no defaults in the payment by Mortgagors of
principal of any interest on the Mortgage Loans are experienced, (iv)
scheduled payments on the Mortgage Loans are received on the first day of each
month commencing in the calendar month following the Reference Date and are
computed prior to giving effect to prepayments received on the last day of the
prior month, (v) prepayments are allocated as described herein without giving
effect to loss and delinquency tests, (vi) there are no Net Interest
Shortfalls and prepayments represent prepayments in full of individual
Mortgage Loans and are received on the last day of each month, commencing in
the calendar month of the Reference Date, (vii) the scheduled monthly payment
for each Mortgage Loan has been calculated based on the assumed Mortgage Loan
characteristics set forth in clause (i) above such that each Mortgage Loan
will amortize in amounts sufficient to repay the balance of such Mortgage Loan
by its indicated remaining term to maturity, (viii) the initial Class
Certificate Balance of the Class A-3 Certificates is $14,400,000 (ix) interest
accrues on the Class A-3 Certificates at the applicable interest rate
described in the Prospectus Supplement, (x) distributions in respect of the
Certificates are received in cash on the 25th day of each month commencing in
the calendar month following the Reference Date, (xi) the Planned Balances for
the related Primary Planned Principal Classes are as set forth in the
Principal Balance Schedules, (xii) the closing date of the sale of the Offered
Certificates is April 19, 2000, (xiii) the Seller is not required to
repurchase or substitute for any Mortgage Loan and (xiv) the Master Servicer
does not exercise the option to repurchase the Mortgage Loans described in the
Prospectus Supplement under the headings "--Optional Purchase of Defaulted
Loans" and "--Optional Termination". While it is assumed that each of the
Mortgaged Loans prepays at the specified constant percentages of SPA, this is
not likely to be the case. Moreover, discrepancies will exist between the
characteristics of the actual Mortgage Loans as of the Reference Date and
characteristics of the Mortgage Loans assumed in preparing the tables herein.
Prepayments of mortgage loans commonly are measured relative to a
prepayment standard or model. The model used in this Supplement is the
Standard Prepayment Assumption ("SPA"), which represents an assumed rate of
prepayment each month of the then outstanding principal balance of a pool of
new mortgage loans. SPA does not purport to be either an historical
description of the prepayment experience of any pool of mortgage loans or a
prediction of the anticipated rate of prepayment of any pool of mortgage
loans, including the Mortgage Loans. 100% SPA assumes prepayment rates of 0.2%
per annum of the then unpaid principal balance of such pool of mortgage loans
in the first month of the life of such mortgage loans and an additional 0.2%
per annum in each month thereafter (for example, 0.4% per annum in the second
month) until the 30th month. Beginning in the 30th month and in each month
thereafter during the life of such mortgage loans, 100% SPA assumes a constant
prepayment rate of 6.0% per annum. Multiples may be calculated from this
prepayment rate sequence. For example, 350% SPA assumes prepayment rates will
be 0.70% per annum in month one, 1.4% per annum in month two, and increasing
by 0.70% in each succeeding month until reaching a rate of 21% per annum in
month 30 and remaining constant at 21% per annum thereafter. 0% SPA assumes no
prepayments. There is no assurance that prepayments will occur at any SPA rate
or at any other constant rate.
YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS
Decrement Table
The following table indicates the percentage of the Certificate Date
Principal Balance of the Class A-3 Certificates that would be outstanding
after each of the dates shown at various constant percentages of SPA and the
corresponding weighted average life thereof. The table has been prepared based
on the Revised Structuring Assumptions. However, all of the Mortgage Loans may
not have the interest rates or remaining terms to maturity described under
"Revised Structuring Assumptions" herein and the Mortgage Loans may not prepay
at the indicated constant percentages of SPA or at any constant percentage.
Percent of Class Certificate
Balance Outstanding*
Class A-3
SPA Prepayment Assumption
-----------------------------------------------------
Distribution Date 0% 75% 150% 350% 450% 500% 600%
----------------- -- --- ---- ---- ---- ---- ----
Initial Percent.... 100 100 100 100 100 100 100
April 25, 2001..... 100 100 87 87 87 87 87
April 25, 2002..... 100 31 31 31 31 31 31
April 25, 2003..... 100 0 0 0 0 0 0
April 25, 2004..... 86 0 0 0 0 0 0
April 25, 2005..... 52 0 0 0 0 0 0
April 25, 2006..... 14 0 0 0 0 0 0
April 25, 2007..... 0 0 0 0 0 0 0
April 25, 2008..... 0 0 0 0 0 0 0
April 25, 2009..... 0 0 0 0 0 0 0
April 25, 2010..... 0 0 0 0 0 0 0
April 25, 2011..... 0 0 0 0 0 0 0
April 25, 2012..... 0 0 0 0 0 0 0
April 25, 2013..... 0 0 0 0 0 0 0
April 25, 2014..... 0 0 0 0 0 0 0
April 25, 2015..... 0 0 0 0 0 0 0
April 25, 2016..... 0 0 0 0 0 0 0
April 25, 2017..... 0 0 0 0 0 0 0
April 25, 2018..... 0 0 0 0 0 0 0
April 25, 2019..... 0 0 0 0 0 0 0
April 25, 2020..... 0 0 0 0 0 0 0
April 25, 2021..... 0 0 0 0 0 0 0
April 25, 2022..... 0 0 0 0 0 0 0
April 25, 2023..... 0 0 0 0 0 0 0
- - - - - - -
Weighted Average Life
(years) **......... 5.08 1.88 1.88 1.88 1.88 1.88 1.88
- --------------------------
* Rounded to the nearest whole percentage.
** Determined as specified under "Weighted Average Lives of
the Offered Certificates" in the Prospectus Supplement.
CREDIT ENHANCEMENT
As of the Reference Date, the Special Hazard Loss Coverage Amount,
Bankruptcy Loss Coverage Amount and Fraud Loss Coverage Amount were
approximately $5,084,998 and $125,790 and $0, respectively.
CERTAIN FEDERAL INCOME TAX CONSEQUENCES
Prospective investors should consider carefully the income tax
consequences of an investment in the Class A-3 Certificates discussed under
the sections titled "Certain Federal Income Tax Consequences" in the
Prospectus Supplement and the Prospectus, which the following discussion
supplements. Prospective investors should consult their tax advisors with
respect to those consequences.
The IRS issued final regulations on January 27, 1994 under Sections 1271
through 1273 and 1275 (the "OID Regulations"). The OID Regulations generally
are effective for debt instruments issued on or after April 4, 1994, but may
be relied upon as authority with respect to debt instruments issued after
December 21, 1992. In addition, the IRS issued final regulations (the
"Contingent Regulations") on June 11, 1996 governing the calculation of OID on
instruments having contingent interest payments. The Contingent Regulations
specifically do not apply for purposes of calculating OID on debt instruments
subject to Section 1272(a)(6), such as the Class A-3 Certificates. In
addition, the OID Regulations do not adequately address the calculation of
income with respect to prepayable securities such as the Class A-3
Certificates.
On December 30, 1997 the Internal Revenue Service (the "IRS") issued
final regulations (the "Amortizable Bond Premium Regulations") dealing with
amortizable bond premium. These regulations specifically do not apply to
prepayable debt instruments subject to Section 1272(a)(6). Absent further
guidance from the IRS, the Trustee intends to account for amortizable bond
premium in the manner described in the Prospectus. It is recommended that
prospective purchasers of the Class A-3 Certificates consult their tax
advisors regarding the possible application of the Amortizable Bond Premium
Regulations.
The Class A-3 Certificates will represent qualifying assets under Section
856(c)(4)(A). However, the Small Business and Job Protection Act of 1996, as
part of the repeal of the bad debt reserve for thrift institutions, repealed
the application of Section 593(d) for tax years beginning after December 31,
1995.
The Small Business and Job Protection Act of 1996 and Taxpayer Relief Act
of 1997 modified the definition of U.S. person with regard to trusts and gave
the IRS authority to modify the definition of U.S. person with respect to
partnerships. A trust is a "U.S. Person" if a court within the United States
is able to exercise primary supervision over the administration of the trust
and one or more United States persons have authority to control all
substantial decisions of the trust. In addition, U.S. Persons include certain
trusts that can elect to be treated as U.S. Persons.
Final regulations dealing with backup withholding and information
reporting on income paid to foreign persons and related matters (the "New
Withholding Regulations") were published in the Federal Register on October
14, 1997. In general, the New Withholding Regulations do not significantly
alter the substantive withholding and information reporting requirements, but
do unify current certification procedures and forms and clarify reliance
standards. The New Withholding Regulations generally will be effective for
payments made after December 31, 2000, subject to certain transition rules.
ERISA CONSIDERATIONS
Prospective purchasers of the Class A-3 Certificates should consider
carefully the ERISA consequences of an investment in such Certificates
discussed under "ERISA Considerations" in the Prospectus, the Prospectus
Supplement and herein, and should consult their own advisors with respect to
those consequences. As described in the Prospectus Supplement, it is expected
that the Exemption will apply to the acquisition and holding of Class A-3
Certificates by Plans and that all conditions of the Exemption other than
those within the control of purchasers of the Certificates will be met.
RATINGS
The Class A-3 Certificates are currently rated "AAA" by Duff & Phelps
Credit Rating Company and Standard & Poor's Rating Services, a division of The
McGraw-Hill Companies, Inc. See "Ratings" in the Prospectus Supplement.
METHOD OF DISTRIBUTION
The Supplement is to be used by Countrywide Securities Corporation, an
affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection with
offers and sales relating to market making transactions in the Class A-3
Certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices relating to the prevailing prices at the time of
sale.
EXHIBIT 1
Mortgage Rates(1)
- ------------------------------------------------------------------------------
Mortgage Rates Number of Aggregate Percent of
Mortgage Principal Balance Mortgage Pool
Loans Outstanding
6.750% 102 $28,201,009.27 13.60%
6.875% 165 48,036,618.99 23.16%
7.000% 231 67,012,844.86 32.31%
7.125% 97 28,091,317.79 13.54%
7.250% 108 32,328,975.48 15.59%
7.375% 7 2,230,957.27 1.08%
7.500% 2 591,215.58 0.29%
7.625% 2 294,909.98 0.14%
7.750% 1 153,985.64 0.07%
7.875% 1 348,916.04 0.17%
8.000% 1 110,144.31 0.05%
- ----------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
======================================================================
(1) As of the Reference Date, the weighted average Mortgage Rate of the
Mortgage Loans is approximately 7.002% per annum.
Current Mortgage Loan Balances(1)
- ------------------------------------------------------------------------------
Current Mortgage Number of Aggregate Percent of
Loan Balances(1) Mortgage Principal Balance Mortgage Pool
Loans Outstanding
$0 -- $50,000 3 - 0.00%
$50,001 -- $100,000 2 $ 179,897.50 0.09%
$100,001 -- $150,000 10 1,216,781.98 0.59%
$150,001 -- $200,000 70 13,282,048.18 6.40%
$200,001 -- $250,000 250 55,895,503.71 26.95%
$250,001 -- $300,000 143 38,697,340.42 18.66%
$300,001 -- $350,000 81 26,140,323.62 12.60%
$350,001 -- $400,000 50 18,800,090.17 9.06%
$400,001 -- $450,000 44 18,653,534.18 8.99%
$450,001 -- $500,000 32 15,105,671.54 7.28%
$500,001 -- $550,000 14 7,343,471.24 3.54%
$550,001 -- $600,000 9 5,209,037.79 2.51%
$600,001 -- $650,000 1 645,321.15 0.31%
$650,001 -- $750,000 3 2,040,122.74 0.98%
$750,001 -- $1,000,000 5 4,191,750.99 2.02%
- -----------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
=============================================================================
(1) As of the Reference Date, the average current Mortgage Loan principal
balance is approximately $289,262.
Loan-To-Value Ratios(1)
- -------------------------------------------------------------------------------
Loan-To-Value Ratios (%) Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage
Pool
50.00 and below 38 $13,522,241.55 6.52%
50.01 to 55.00 17 4,656,853.91 2.25%
55.01 to 60.00 25 8,177,436.64 3.94%
60.01 to 65.00 45 13,688,580.42 6.60%
65.01 to 70.00 52 13,558,724.65 6.54%
70.01 to 75.00 105 31,607,936.96 15.24%
75.01 to 80.00 312 92,649,547.46 44.67%
80.01 to 85.00 9 2,387,439.05 1.15%
85.01 to 90.00 114 27,152,134.57 13.09%
- -------------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
===============================================================================
(1) At the Reference Date, the weighted average Loan-to-Value of the Mortgage
Loans is approximately 73.855%.
Documentation Program for Mortgage Loans
- -------------------------------------------------------------------------------
Type of Program Number of Aggregate Principal Percent of
Mortgage Balance Outstanding Mortgage Pool
Loans
Full 354 $105,232,287.95 50.74%
Alternative 326 92,149,293.55 44.43%
Reduced 17 3,709,088.05 1.79%
Streamlined 20 6,310,225.66 3.04%
- -------------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
===============================================================================
Type of Mortgaged Properties
- --------------------------------------------------------------------------------
Property Type Number of Aggregate Principal Percent of
Mortgage Balance Outstanding Mortgage Pool
Loans
Single Family 597 $174,112,658.79 83.95%
Condominium 12 2,867,765.65 1.38%
Planned Unit Development 108 30,420,470.77 14.67%
- --------------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
================================================================================
Occupancy Types(1)
- --------------------------------------------------------------------------------
Occupancy Type Number of Aggregate Principal Percent of
Mortgage Balance Outstanding Mortgage Pool
Loans
Primary Residence 709 205,635,159.35 99.15%
Second Residence 8 1,765,735.86 0.85%
- --------------------------------------------------------------------------------
Total 717 207,400,895.21 100.00%
================================================================================
(1) Based upon representations of the related Mortgagors at the time of
origination.
Purpose of Mortgage Loans
- -------------------------------------------------------------------------------
Loan Purpose Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage
Pool
Purchase 248 $ 65,630,968.71 31.64%
Refinance (rate/term) 412 125,907,403.13 60.71%
Refinance (cash out) 57 15,862,523.37 7.65%
- -------------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
===============================================================================
Terms to Maturity(1)
- --------------------------------------------------------------------------------
Remaining Terms to Number of Aggregate Principal Percent of
Maturity (Months) Mortgage Balance Outstanding Mortgage
Loans Pool
285 37 $9,461,426.91 4.56%
284 263 81,406,577.82 39.25%
283 117 33,579,507.29 16.19%
282 27 7,094,087.87 3.42%
281 10 2,669,268.24 1.29%
280-271 78 22,916,938.90 11.05%
270-261 32 9,044,647.88 4.36%
260-251 27 7,779,267.64 3.75%
250-241 30 7,757,317.31 3.74%
240-231 18 5,414,213.13 2.61%
230-221 14 3,794,797.29 1.83%
220-211 14 4,171,745.10 2.01%
210-201 9 2,579,820.86 1.24%
200-191 14 3,778,023.88 1.82%
190-171 8 2,054,081.03 0.99%
170-151 7 2,522,033.30 1.22%
150-131 3 590,573.07 0.28%
130-111 1 124,787.63 0.06%
110-91 2 308,017.65 0.15%
90-0 6 353,762.41 0.17%
- ------------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
==============================================================================
(1) As of the Reference Date, the weighted average remaining terms to
maturity of the Mortgage Loans is approximately 270 months.
State Distribution of Mortgaged Properties(1)
- -------------------------------------------------------------------------------
State Number of Aggregate Principal Percent of
Mortgage Loans Balance Outstanding Mortgage
Pool
California 438 $134,281,166.56 64.74%
Illinois 18 4,783,144.92 2.31%
Massachusetts 19 5,226,376.99 2.52%
New Jersey 24 6,369,070.87 3.07%
New York 16 5,227,148.95 2.52%
Pennsylvania 24 6,179,850.54 2.98%
Texas 25 5,899,950.60 2.84%
Washington 17 4,182,212.08 2.02%
Other (less than 2%) 136 35,251,973.70 17.00%
- -------------------------------------------------------------------------------
Total 717 $207,400,895.21 100.00%
===============================================================================
(1) Other includes 26 other states and the District of Columbia with under 2%
concentration individually.
EXHIBIT 2
<TABLE>
<CAPTION>
<S> <C>
THE Distribution Date: 3/25/00
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
Certificateholder Monthly Distribution Summary
</TABLE>
<TABLE>
<CAPTION>
Certificate Pass
Class Rate Beginning Through Principal Interest Total
Class Cusip Description Type Balance Rate (%) Distribution Distribution Distribution
----- ----- ----------- ----------- --------- -------- ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 126690HR0 Senior Fix-30/360 0.00 6.750000 0.00 0.00 0.00
A2 126690HS8 Senior Fix-30/360 7,832,237.67 6.350000 530,970.16 41,445.59 572,415.75
A3 126690HT6 Senior Fix-30/360 14,400,000.00 6.750000 0.00 81,000.00 81,000.00
A4 126690HU3 Senior Fix-30/360 9,683,000.00 6.750000 0.00 54,466.88 54,466.88
A5 126690HV1 Senior Fix-30/360 42,867,330.84 6.750000 0.00 241,128,74 241,128.74
A6 30,405,807.24 6.750000 565,718.74 171,032.67 736,751.41
A6 126690HW9 Senior Fix-30/360 8,344,807.24 6.750000 565,718.74 46,939.54 612,658.28
A6 126690HW9 Senior Fix-30/360 22,061,000.00 6.750000 0.00 124,093.13 124,093.13
A7 126690HX7 Senior Var-30/360 10,571,044.34 6.052000 0.00 53,313.30 53,313.30
A8 126690HY5 Senior Var-30/360 5,089,762.09 8.199692 0.00 34,778.74 34,778.74
A9 126690HZ2 Senior Var-30/360 28,846,258.68 6.875000 0.00 165,265.02 165,265.02
A10 126690JA5 Senior Var-30/360 6,730,793.69 4.821429 0.00 27,043.37 27,043.37
All 126690JB3 Senior Var-30/360 2,884,625.87 10.000000 0.00 24,038.55 24,038.55
Al2 126690JC1 Senior Var-30/360 22,563,000.00 7.275000 0.00 136,788.19 136,788.19
Al3 126690JD9 Senior Var-30/360 7,521,000.00 5.175000 0.00 32,434.31 32,434.31
AIO 126690JE7 Strip IO Fix-30/360 464,132.70 6.750000 0.00 2,610.75 2,610.75
PO 126690JF4 Senior Fix-30/360 1,974,128.12 0.000000 13,551.59 0.00 13,551.59
X 126690JG2 Strip IO Fix-30/360 64,272,568.57 0.208298 0.00 11,156.56 11,156.56
AR 126990JH0 Senior Fix-30/360 0.00 6.750000 0.00 0.00 0.00
B1 126690JJ6 Junior Fix-30/360 6,125,822.68 6.750000 19,484.53 34,457.75 53,942.28
B2 126690JK3 Junior Fix-30/360 4,594,367.46 6.750000 14,613.40 25,843.32 40,456.71
B3 126690JL1 Junior Fix-30/360 2,297,183.70 6.750000 7,306.70 12,921.66 20,228.36
B4 N/A Junior Fix-30/360 1,531,456.09 6.750000 4,871.13 8,614.44 13,485.57
B5 N/A Junior Fix-30/360 1,531,456.10 6.750000 4,871.13 8,614.44 13,485.57
B6 N/A Junior Fix-30/360 1,116,559.35 6.750000 3,551.53 6,280.65 9,832.18
Totals 208,565,833.92 1,164,938.91 1,173,234.93 2,338,173.83
</TABLE>
Current Cumulative
Realized Ending Realized
Class Losses Balance Losses
----- -------- ------- ---------
A1 0.00 0.00 0.00
A2 0.00 7,301,267.51 0.00
A3 0.00 14,400,000.00 0.00
A4 0.00 9,683,000.00 0.00
A5 0.00 42,867,330.84 0.00
A6 0.00 29,840,088.50 0.00
A6 0.00 7,779,088.50 0.00
A6 0.00 22,061,000.00 0.00
A7 0.00 10,571,044.34 0.00
A8 0.00 5,089,762.09 0.00
A9 0.00 28,846,258.68 0.00
A10 0.00 6,730,793.69 0.00
All 0.00 2,884,625.87 0.00
Al2 0.00 22,563,000.00 0.00
Al3 0.00 7,521,000.00 0.00
AIO 0.00 432,667.80 0.00
PO 0.00 1,960,576.53 0.00
X 0.00 64,150,422.09 0.00
AR 0.00 0.00 0.00
B1 0.00 6,106,338.16 0.00
B2 0.00 4,579,754.07 0.00
B3 0.00 2,289,877.00 0.00
B4 0.00 1,526,584.96 0.00
B5 0.00 1,526,584.97 0.00
B6 0.00 1,113,007.82 483,986.76
Totals 0.00 207,400,895.03 483,986.76
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE Distribution Date: 3/25/00
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
Principal Distribution Detail
</TABLE>
<TABLE>
<CAPTION>
Original Beginning Scheduled Unscheduled Net
Certificate Certificate Principal Accretion Principal Principal
Class Cusip Balance Balance Distribution Principal Adjustments Distribution
----- ----- ----------- ----------- ------------ --------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 126690HR0 60,388,042.00 0.00 0.00 0.00 0.00 0.00
A2 126690HS8 21,530,000.00 7,832,237.67 530,970.16 0.00 0.00 530,970.16
A3 126690HT6 14,400,000.00 14,400,000.00 0.00 0.00 0.00 0.00
A4 126690HU3 9,683,000.00 9,683,000.00 0.00 0.00 0.00 0.00
A5 126690HV1 91,162,000.00 42,867,330.84 0.00 0.00 0.00 0.00
A6 45,000,000.00 30,405,807.24 565,718.74 0.00 0.00 565,718.74
A6 126690HW9 22,939,000.00 8,344,807.24 565,718.74 0.00 0.00 565,718.74
A6 126690HW9 22,061,000.00 22,061,000.00 0.00 0.00 0.00 0.00
A7 126690HX7 10,719,000.00 10,571,044.34 0.00 0.00 0.00 0.00
A8 126690HY5 5,161,000.00 5,089,762.09 0.00 0.00 0.00 0.00
A9 126690HZ2 29,250,000.00 28,846,258.68 0.00 0.00 0.00 0.00
Al0 126690JA5 6,825,000.00 6,730,793.69 0.00 0.00 0.00 0.00
All 126690JB3 2,925,000.00 2,884,625.87 0.00 0.00 0.00 0.00
Al2 126690JC1 22,563,000.00 22,563,000.00 0.00 0.00 0.00 0.00
Al3 126690JD9 7,521,000.00 7,521,000.00 0.00 0.00 0.00 0.00
AIO 126690JE7 1,275,852.00 464,132.70 0.00 0.00 0.00 0.00
PO 126690JF4 2,964,974.00 1,974,128.12 13,551.59 0.00 0.00 13,551.59
X 126690JG2 122,455,680.00 64,272,568.57 0.00 0.00 0.00 0.00
AR 126990JH0 1,000.00 0.00 0.00 0.00 0.00 0.00
BI 126690JJ6 7,004,626.00 6,125,822.68 19,484.53 0.00 0.00 19,484.53
B2 126690JK3 5,253,470.00 4,594,367.46 14,613.40 0.00 0.00 14,613.40
B3 126690JL1 2,626,735.00 2,297,183.70 7,306.70 0.00 0.00 7,306.70
B4 N/A 1,751,156.98 1,531,456.09 4,871.13 0.00 0.00 4,871.13
B5 N/A 1,751,157.00 1,531,456.10 4,871.13 0.00 0.00 4,871.13
B6 N/A 1,751,156.00 1,116,559.35 3,551.53 0.00 0.00 3,551.53
Totals 350,231,316.98 208,565,833.92 1,164,938.91 0.00 0.00 1,164,938.91
</TABLE>
Current Ending Ending
Realized Certificate Certificate
Class Losses Balance Factor
----- ----------- ----------- ----------
A1 0.00 0.00 0.00000000000
A2 0.00 7,301,267.51 0.33912064624
A3 0.00 14,400,000.00 1.00000000000
A4 0.00 9,683,000.00 1.00000000000
A5 0.00 42,867,330.84 0.47023245259
A6 0.00 29,840,088.50 0.66311307778
A6 0.00 7,779,088.50 0.33912064606
A6 0.00 22,061,000.00 1.00000000000
A7 0.00 10,571,044.34 0.98619687844
A8 0.00 5,089,762.09 0.98619687851
A9 0.00 28,846,258.68 0.98619687795
Al0 0.00 6,730,793.69 0.98619687766
All 0.00 2,884,625.87 0.98619687863
Al2 0.00 22,563,000.00 1.00000000000
Al3 0.00 7,521,000.00 1.00000000000
AIO 0.00 432,667.80 0.33912068211
PO 0.00 1,960,576.53 0.66124577389
X 0.00 64,150,422.09 0.52386644776
AR 0.00 0.00 0.00000000000
B1 0.00 6,106,338.16 0.87175791481
B2 0.00 4,579,754.07 0.87175791760
B3 0.00 2,289,877.00 0.87175790496
B4 0.00 1,526,584.96 0.87175791690
B5 0.00 1,526,584.97 0.87175791236
B6 0.00 1,113,007.82 0.63558461836
Totals 0.00 207,400,895.03
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE Distribution Date: 3/25/00
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
Interest Distribution Detail
</TABLE>
<TABLE>
<CAPTION>
Beginning Pass Accrued Cumulative Total Net
Certificate Through Optimal Unpaid Deferred Interest Prepayment
Class Balance Rate (%) Interest Interest Interest Due Int Shortfall
----- ----------- ------------ -------- ---------- ------------ ---------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Al 0.00 6.750000 0.00 0.00 0.00 0.00 0.00
A2 7,832,237.67 6.350000 41,445.59 0.00 0.00 41,445.59 0.00
A3 14,400,000.00 6.750000 81,000.00 0.00 0.00 81,000.00 0.00
A4 9,683,000.00 6.750000 54,466.88 0.00 0.00 54,466.88 0.00
A5 42,867,330.84 6.750000 241,128.74 0.00 0.00 241,128.74 0.00
A6 30,405,807.24 6.750000 171,032.67 0.00 0.00 171,032.67 0.00
A6 8,344,807.24 6.750000 46,939.54 0.00 0.00 46,939.54 0.00
A6 22,061,000.00 6.750000 124,093.13 0.00 0.00 124,093.13 0.00
A7 10,571,044.34 6.052000 53,313.30 0.00 0.00 53,313.30 0.00
A8 5,089,762.09 8.199692 34,778.74 0.00 0.00 34,778.74 0.00
A9 28,846,258.68 6.875000 165,265.02 0.00 0.00 165,265.02 0.00
A1O 6,730,793.69 4.821429 27,043.37 0.00 0.00 27,043.37 0.00
All 2,884,625.87 10.000000 24,038.55 0.00 0.00 24,038.55 0.00
Al2 22,563,000.00 7.275000 136,788.19 0.00 0.00 136,788.19 0.00
Al3 7,521,000.00 5.175000 32,434.31 0.00 0.00 32,434,31 0.00
AIO 464,132.70 6.750000 2,610.75 0.00 0.00 2,610.75 0.00
PO 1,974,128.12 0.000000 0.00 0.00 0.00 0.00 0.00
X 64,272,568.57 0.208298 11,156.56 0.00 0.00 11,156.56 0.00
AR 0.00 6.750000 0.00 0.00 0.00 0.00 0.00
B1 6,125,822.68 6.750000 34,457.75 0.00 0.00 34,457.75 0.00
B2 4,594,367.46 6.750000 25,843.32 0.00 0.00 25,843.32 0.00
B3 2,297,183.70 6.750000 12,921.66 0.00 0.00 12,921.66 0.00
B4 1,531,456.09 6.750000 8,614.44 0.00 0.00 8,614.44 0.00
B5 1,531,456.10 6.750000 8,614.44 0.00 0.00 8,614.44 0.00
B6 1,116,559.35 6.750000 6,280.65 0.00 0.00 6,280.65 0.00
Totals 208,565,833.92 1,173,234.93 0.00 0.00 1,173,234.93 0.00
</TABLE>
Unscheduled
Interest Interest
Class Adjustment Paid
----- ----------- --------
Al 0.00 0.00
A2 0.00 41,445.59
A3 0.00 81,000.00
A4 0.00 54,466.88
A5 0.00 241,128.74
A6 0.00 171,032.67
A6 0.00 46,939.54
A6 0.00 124,093.13
A7 0.00 53,313.30
A8 0.00 34,778.74
A9 0.00 165,265.02
A1O 0.00 27,043.37
All 0.00 24,038.55
Al2 0.00 136,788.19
Al3 0.00 32,434.31
AIO 0.00 2,610.75
PO 0.00 0.00
X 0.00 11,156.56
AR 0.00 0.00
B1 0.00 34,457.75
B2 0.00 25,843.32
B3 0.00 12,921.66
B4 0.00 8,614.44
B5 0.00 8,614.44
B6 0.00 6,280.65
Totals 0.00 1,173,234.93
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE Distribution Date: 3/25/00
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
Current Payment Information
Factors per $ 1,000
</TABLE>
<TABLE>
<CAPTION>
Original Beginning Cert. Ending Cert. Pass
Certificate Notional Principal Interest Notional Through
Class Cusip Balance Balance Distribution Distribution Balance Rate (%)
- ----- ----- ---------- -------------- ------------ ------------ ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
Al 126690HR0 60,388,042.00 0.000000000 0.000000000 0.000000000 0.000000000 6.750000
A2 126690HS8 21,530,000.00 363.782520850 24.661874609 1.925015839 339.120646241 6.350000
A3 126690HT6 14,400,000.00 1,000.000000000 0.000000000 5.625000000 1,000.000000000 6.750000
A4 126690HU3 9,683,000.00 1,000.000000000 0.000000000 5.625000000 1,000.000000000 6.750000
A5 126690HV1 91,162,000.00 470.232452585 0.000000000 2.645057546 470.232452585 6.750000
A6 45,000,000.00 675.684605333 12.571527556 3.800726000 663.113077778 6.750000
A6 126690HW9 22,939,000.00 363.782520673 24.661874609 2.046276679 339.120646063 6.750000
A6 126690HW9 22,061,000.00 1,000.000000000 0.000000000 5.625000000 1,000.000000000 6.750000
A7 126690HX7 10,719,000.00 986.196878440 0.000000000 4.973719590 986.196878440 6.052000
A8 126690HY5 5,161,000.00 986.196878512 0.000000000 6.738759122 986.196878512 8.199692
A9 126690HZ2 29,250,000.00 986.196877949 0.000000000 5.650086280 986.196877949 6.875000
A10 126690JA5 6,825,000.00 986.196877656 0.000000000 3.962398148 986.196877656 4.821429
All 126690JB3 2,925,000.00 986.196878632 0.000000000 8.218307322 986.196878632 10.000000
Al2 126690JCI 22,563,000.00 1,000.000000000 0.000000000 6.062500000 1,000.000000000 7.275000
A13 126690JD9 7,521,000.00 1,000.000000000 0.000000000 4.312500000 1,000.000000000 5.175000
AIO 126690JE7 1,275,852.00 363.782553853 0.000000000 2.046276865 339.120682107 6.750000
PO 126690JF4 2,964,974.00 665.816334131 4.570560244 0.000000000 661.245773887 0.000000
X 126690JG2 122,455,680.00 524.863922768 0.000000000 0.091106955 523.866447763 0.208298
AR 126990JH0 1,000.00 0.000000000 0.000000000 0.000000000 0.000000000 6.750000
B1 126690JJ6 7,004,626.00 874.539580118 2.781665312 4.919285138 871.757914806 6.750000
B2 126690JK3 5,253,470.00 874.539582924 2.781665321 4.919285154 871.757917603 6.750000
B3 126690JL1 2,626,735.00 874.539570244 2.781665280 4.919285083 871.757904964 6.750000
B4 N/A 1,751,156.98 874.539582221 2.781665319 4.919285150 871.757916902 6.750000
B5 N/A 1,751,157.00 874.539577666 2.781665304 4.919285124 871.757912362 6.750000
B6 N/A 1,751,156.00 637.612725019 2.028106659 3.586571578 635.584618360 6.750000
Totals 350,231,316.98 595.508807489 3.326198582 3.349885841 592.182608964
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Pool Level Data
Distribution Date 3/25/00
Cut-off Date 11/l/93
Determination Date 3/l/00
Accrual Period Begin 2/l/00
End 3/1/00
Number of Days in Accrual Period 29
Collateral Information
Group 1
- -------
Cut-Off Date Balance 350,231,317.00
Beginning Aggregate Pool Stated Principal Balance 208,565,834.05
Ending Aggregate Pool Stated Principal Balance 207,400,895.21
Beginning Aggregate Certificate Stated Principal Balance 208,565,833.94
Ending Aggregate Certificate Stated Principal Balance 207,400,895.03
Beginning Aggregate Loan Count 717
Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Aggreement 0
Ending Aggregate Loan Count 717
Beginning Weighted Average Loan Rate (WAC) 7.001550%
Ending Weighted Average Loan Rate (WAC) 7.001863%
Beginning Net Weighted Average Loan Rate 6.750300%
Ending Net Weighted Average Loan Rate 6.750613%
Weighted Average Maturity (WAM) (Months) 283
Servicer Advances 15,837.20
Aggregate Pool Prepayment 834,139.25
Pool Prepayment Rate 4.6951 CPR
Certificate Information
Group 1
- -------
Senior Percentage 91.6759265239%
Senior Prepayment Percentage 96.6703706096%
Subordinate Percentage 8.3240734761%
Subordinate Prepayment Percentage 3.3296293904%
Certificate Account
Beginning Balance 0.00
Deposit
Payments of Interest and Principal 2,380,776.30
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Liquidation Proceeds 0.00
All Other Proceeds 0.00
Other Amounts 0.00
------------
Total Deposits 2,380,776.30
Withdrawals
Reimbursement of Servicer Advances 0.00
Payment of Master Servicer Fees 53,759.04
Payment of Sub Servicer Fees 0.00
Payment of Other Fees 42,819.74
Payment of Insurance Premium(s) 0.00
Payment of Personal Mortgage Insurance 0.00
Other Pemitted Withdrawal per the Pooling and Service Agreement 0.00
Payment of Principal and Interest 2,338,173.82
------------
Total Withdrawals 2,434,752.60
Ending Balance -11,156.56
Prepayment Compensation
Total Gross Prepayment Interest Shortfall 848.74
Compensation for Gross PPIS from Servicing Fees 848.74
Other Gross PPIS Compensation 0.00
------
Total Net PPIS (Non-Supported PPIS) 0.00
Master Servicing Fees Paid 53,759.04
Sub Servicing Fees Paid 0.00
Insurance Premium(s) Paid 0.00
Personal Mortgage Insurance Fees Paid 0.00
Other Fees Paid 42,819.74
---------
Total Fees 96,578.78
</TABLE>
Delinguency Information
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Group 1
- -------
Delinquency 30-59 Days 60 - 89 Days 90+ Days Totals
- ----------- ---------- ------------ -------- -------
Scheduled Principal Balance 1,531,748.80 408,056.96 0.00 1,939,805.76
Percentage of Total Pool Balance 0.738545% 0.196748% 0.000000% 0.935293%
Number of Loans 6 1 0 7
Percentage of Total Loans 0.836820% 0.139470% 0.000000% 0.976290%
Foreclosure
- -----------
Scheduled Principal Balance 0.00 0.00 0.00 0.00
Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000% 0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Foreclosure
- -----------
Number of Loans 0 0 0 0
Percentage of Total Loans 0.000000% 0.000000% 0.000000% 0.000000%
Bankruptcy
- ----------
Scheduled Principal Balance 0.00 0.00 0.00 0.00
Percentage of total Pool Balance 0.000000% 0.000000% 0.000000% 0.000000%
Number of Loans 0 0 0 0
Percentage of Total Loans 0.000000% 0.000000% 0.000000% 0.000000%
REO
- ---
Scheduled Principal Balance 0.00 0.00 0.00 235,081.33
Percentage of total Pool Balance 0.000000% 0.000000% 0.000000% 0.113346%
Number of Loans 0 0 0 1
Percentage of total Loans 0.000000% 0.000000% 0.000000% 0.139470%
Book Value of all REO Loans 0.00
Percentage of total Pool Balance 0.000000%
Current Realized Losses 0.00
Additional Gains (Recoveries)/Losses 0.00
Total Realized Losses 483,986.18
</TABLE>
Subordination/Credit Enhancement Information
<TABLE>
<CAPTION>
<S> <C> <C>
Protection Original Current
- ---------- -------- --------
Bankruptcy Loss 125,078.00 125,078.00
Bankruptcy Percentage 0.035713% 0.060307%
Credit/Fraud Loss 7,004,626.00 0.00
Credit/Fraud Loss Percentage 2.000000% 0.000000%
Special Hazard Loss 6,090,683.00 4,519,247.10
Special Hazard Loss Percentage 1.739046% 2.178991%
Credit Support Original Current
- -------------- -------- -------
Class A 330,093,016.00 190,258,748.05
Class A Percentage 94.250000% 91.734777%
Class B1 7,004,626.00 6,106,338.16
Class BI Percentage 2.000000% 2.944220%
Class B2 5,253,470.00 4,579,754.07
Class B2 Percentage 1.500000% 2.208165%
Class B3 2,626,735.00 2,289,877.00
Class B3 Percentage 0.750000% 1.104083%
Class B4 1,751,156.98 1,526,584.96
Class B4 Percentage 0.500000% 0.736055%
Class B5 1,751,157.00 1,526,584.97
Class B5 Percentage 0.500000% 0.736055%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
THE
BANK OF
NEW
YORK
101 Barclay Street, 12E
New York, NY 10286
CWMBS INC
Attn: Courtney Bartholomew MORTGAGE PASS THROUGH CERTIFICATES
212-815-5795 SERIES 1993-10
</TABLE>
<TABLE>
<CAPTION>
Credit Support Original Current
- -------------- -------- --------
<S> <C> <C>
Class B6 1,751,156.00 1,113,007.82
Class B6 Percentage 0.500000% 0.536646%
</TABLE>
