-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IFe4hghYrAnitbMBS9BioX4oZ3dgBpN24w7w6X9bdkvg8dGBMd2TrUPUbq3invDf cpmVPYk9lrgwm2+X9V+Rlg== 0000914121-98-000121.txt : 19980209 0000914121-98-000121.hdr.sgml : 19980209 ACCESSION NUMBER: 0000914121-98-000121 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970425 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980206 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESIDENTIAL ASSET SECURITIZATION TRUST 1997-A3 CENTRAL INDEX KEY: 0001036706 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 954449516 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-84910-33 FILM NUMBER: 98523291 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182253000 8-K 1 FORM 8-K 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): 4/25/97 CWMBS, INC. (Depositor) (Issuer in respect of Mortgage Pass Through Certificates, Series 97-C) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 155 N. Lake Avenue, Pasadena, CA 911009-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWMBS, INC. Mortgage Pass Through Certificates Series 97-C On April 25, 1997, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage Pass Through Certificates Series 1997-C, made a monthly distribution to Certificateholders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of March 1, 1997, among CWMBS, Inc. as Depositor, Independent National Mortgage Corporation, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWMBS, Inc., Mortgage Pass Through Certificates Series 1997-C relating to the distribution date of April 25, 1997 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of March 1, 1997. 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 thereunto duly authorized. Dated: April 25, 1997 CSMBS, INC. By: /s/ Kelly A Sheahan Name: Kelly A. Sheahan Assistant Treasurer The Bank of New York, as Trustee EX-99 2 COMPUTATIONAL MATERIAL Payment Date: 04/25/97 ------------------------------------------------- INDEPENDENT NATIONAL MORTGAGE CORP. RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-3 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-C -------------------------------------------------
Class Information Current Payment Information - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru Principal Interest Total Principal Interest Deffered Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls Interest - ------------------------------------------------------------------------------------------------------------------------ 2399 A-1 50,694,774.00 7.250000% 326,673.70 306,280.93 632,954.62 0.00 0.00 0.00 2401 A-2 8,362,000.00 7.650000% 0.00 53,307.75 53,307.75 0.00 0.00 0.00 2402 A-3 6,887,566.00 7.750000% 74,149.09 44,482.20 118,631.29 0.00 0.00 0.00 2403 A-4 17,784,000.00 7.750000% 0.00 114,855.00 114,855.00 0.00 0.00 0.00 2404 A-5 5,993,297.00 7.750000% 22,604.17 38,706.71 61,310.88 0.00 0.00 0.00 2405 A-6 5,000,000.00 7.300000% 2,923.53 30,416.67 33,340.20 0.00 0.00 0.00 2407 A-7 34,802,790.00 10.000000% 250,011.84 290,023.25 540,035.09 0.00 0.00 0.00 2408 A-8 26,855,468.00 6.800000% 420,199.75 152,180.99 572,380.74 0.00 0.00 0.00 2409 A-9 17,499,999.00 6.950000% 0.00 101,354.16 101,354.16 0.00 0.00 0.00 2410 A-10 19,205,000.00 7.250000% 0.00 116,030.21 116,030.21 0.00 0.00 0.00 2411 A-11 6,015,000.00 7.250000% 0.00 36,340.63 36,340.63 0.00 0.00 0.00 2412 A-12 11,481,150.00 7.750000% 0.00 0.00 0.00 0.00 0.00 74,149.09 2413 A-13 18,750,000.00 6.920000% 10,963.25 108,125.00 119,088.25 0.00 0.00 0.00 2414 A-14 2,298,387.10 7.750000% 0.00 14,843.75 14,843.75 0.00 0.00 0.00 2415 A-15 3,500,000.00 7.750000% 0.00 0.00 0.00 0.00 0.00 22,604.17 2416 PO 608,774.17 NA 656.12 NA 656.12 0.00 NA NA 2417 X 215,044,938.00 0.550324% NA 98,620.28 98,620.28 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ 2418 A-R 100.00 7.750000% 100.00 0.95 100.95 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ 2419 B-1 9,412,899.00 7.750000% 5,503.78 60,791.64 66,295.42 0.00 0.00 0.00 2420 B-2 3,137,634.00 7.750000% 1,834.59 20,263.89 22,098.48 0.00 0.00 0.00 2421 B-3 2,008,085.00 7.750000% 1,174.14 12,968.88 14,143.02 0.00 0.00 0.00 2422 B-4 1,255,053.00 7.750000% 733.84 8,105.55 8,839.39 0.00 0.00 0.00 2423 B-5 627,527.00 7.750000% 366.92 4,052.78 4,419.70 0.00 0.00 0.00 2424 B-6 1,129,549.08 7.750000% 660.45 7,295.00 7,955.46 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals 251,010,665.25 1,118,555.18 1,619,046.19 2,737,601.38 0.00 0.00 96,753.26 - ------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------- Ending Cert./ Unpaid Class Code Name Notional Bal. Interest - -------------------------------------------- 2399 A-1 50,368,100.30 0.00 2401 A-2 8,362,000.00 0.00 2402 A-3 6,813,416.91 0.00 2403 A-4 17,784,000.00 0.00 2404 A-5 5,970,692.83 0.00 2405 A-6 4,997,076.47 0.00 2407 A-7 34,552,778.16 0.00 2408 A-8 26,435,268.25 0.00 2409 A-9 17,499,999.00 0.00 2410 A-10 19,205,000.00 0.00 2411 A-11 6,015,000.00 0.00 2412 A-12 11,555,299.09 0.00 2413 A-13 18,739,036.75 0.00 2414 A-14 2,297,043.21 0.00 2415 A-15 3,522,604.17 0.00 2416 PO 608,118.05 0.00 2417 X 194,316,156.11 0.00 - -------------------------------------------- 2418 A-R 0.00 0.00 - -------------------------------------------- 2419 B-1 9,407,395.22 0.00 2420 B-2 3,135,799.41 0.00 2421 B-3 2,006,910.86 0.00 2422 B-4 1,254,319.16 0.00 2423 B-5 627,160.08 0.00 2424 B-6 1,128,888.63 0.00 - -------------------------------------------- - -------------------------------------------- Totals 249,988,863.33 0.00 - -------------------------------------------- Payment Date: 04/25/97 ------------------------------------------------- INDEPENDENT NATIONAL MORTGAGE CORP. RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-3 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-C ------------------------------------------------- Original Certificate Information Class Information --------------------------------------- - ------------------- Original Pass Thru Cusip Type Name Cert. Bal. Rate Numbers - ---------------------------------------------------------- Senior A-1 50,694,774.00 7.250000% 126691-T79 A-2 8,362,000.00 7.650000% 126691-T87 A-3 6,887,566.00 7.750000% 126691-T95 A-4 17,784,000.00 7.750000% 126691-U28 A-5 5,993,297.00 7.750000% 126691-U36 A-6 5,000,000.00 7.300000% 126691-U44 A-7 34,802,790.00 10.000000% 126691-U51 A-8 26,855,468.00 6.800000% 126691-U69 A-9 17,499,999.00 6.950000% 126691-U77 A-10 19,205,000.00 7.250000% 126691-U85 A-11 6,015,000.00 7.250000% 126691-U93 A-12 11,481,150.00 7.750000% 126691-V27 A-13 18,750,000.00 6.920000% 126691-V35 A-14 2,298,387.00 7.750000% 126691-V43 A-15 3,500,000.00 7.750000% 126691-V50 PO 608,774.00 NA 126691-V68 X 215,044,938.00 0.600000% 126691-V76 - ---------------------------------------------------------- Residual A-R 100.00 7.750000% 126691-V84 - ---------------------------------------------------------- Subordinate B-1 9,412,899.00 7.750000% 126691-V92 B-2 3,137,634.00 7.750000% 126691-W26 B-3 2,008,085.00 7.750000% 126691-W34 B-4 1,255,053.00 7.750000% N/A B-5 627,527.00 7.750000% N/A B-6 1,129,549.08 7.750000% N/A - ---------------------------------------------------------- - ---------------------------------------------------------- Totals 251,010,665.08 - ---------------------------------------------------------- Factors per $1,000 Class Information ---------------------------------------- - ----------------- Principal Interest Ending Type Name Dist. Dist. Cert. Bal - ----------------- ---------------------------------------- Senior A-1 6.44393238 6.04166667 993.55606762 A-2 0.00000000 6.37500000 1000.00000000 A-3 10.76564548 6.45833333 989.23435452 A-4 0.00000000 6.45833333 1000.00000000 A-5 3.77157459 6.45833333 996.22842541 A-6 0.58470653 6.08333333 999.41529347 A-7 7.18367240 8.33333333 992.81632760 A-8 15.64671121 5.66666667 984.35328879 A-9 0.00000000 5.79166667 1000.00000000 A-10 0.00000000 6.04166667 1000.00000000 A-11 0.00000000 6.04166667 1000.00000000 A-12 0.00000000 0.00000000 1006.45833333 A-13 0.58470653 5.76666667 999.41529347 A-14 0.00000000 6.45833361 999.41533555 A-15 0.00000000 0.00000000 1006.45833333 PO 1.07777960 0.00000000 998.92249965 X 0.00000000 0.45860311 903.60720842 - ----------------- ---------------------------------------- Residual A-R 1000.00000000 9.45833333 0.00000000 - ----------------- ---------------------------------------- Subordinate B-1 0.58470650 6.45833333 999.41529350 B-2 0.58470650 6.45833333 999.41529350 B-3 0.58470650 6.45833333 999.41529350 B-4 0.58470650 6.45833333 999.41529350 B-5 0.58470650 6.45833333 999.41529350 B-6 0.58470650 6.45833333 999.41529350 - ----------------- ---------------------------------------- - ----------------- ---------------------------------------- Totals 4.45620581 6.45010917 995.92924964 - ----------------- ---------------------------------------- Payment Date: 04/25/97 ------------------------------------------------- INDEPENDENT NATIONAL MORTGAGE CORP. RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-3 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-C ------------------------------------------------- - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Aggregate Stated Principal Balance 251,010,665.25 Aggregate Prepayment Amount 874,966.96 Aggregate Liquidation Proceeds 0.00 - -------------------------------------------------------------------------------- FEES & ADVANCES - -------------------------------------------------------------------------------- Monthly master servicer fees paid 22,077.63 Monthly servicer fees paid 48,481.86 Advances included in this distribution 20,767.72 Aggregate Advances Outstanding 20,767.72 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Net realized losses (this period) 0.00 Cumulative losses (from Cut-Off) 0.00 Bankruptcy Loss Coverage Amount 100,000.00 Fraud Loss Coverage Amount 5,020,213.00 Special Hazrad Loss Coverage Amount 1,157,598.00 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Available remittance amount 2,737,601.38 Principal remittance amount 1,118,555.18 Interest remittance amount 1,619,046.19 Aggregate Certificate Information for the following distribution date Class Aggregate Aggregate Aggregate Type Percentages Prepay. Pct. Certificate Bal. - -------------------------------------------------------------------------------- Senior 92.98298148% 100.00000000% 233,439,918.17 Subordinate 7.01701852% 0.00000000% 17,570,747.08 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 1 mo. 21 2,595,262.84 2 mos. 0 0.00 3+MOS. 0 0.00 In foreclosure 0 0.00 Totals 21 2,595,262.84 - -------------------------------------------------------------------------------- TOTAL REO INFORMATION - -------------------------------------------------------------------------------- Total Number of REO Properties 0 Total Principal Balance of REO Properties 0 Total Market Value of REO Properties Not Available - -------------------------------------------------------------------------------- NEW REO INFORMATION (Mortgage Loans that became REO Properties during the preceeding calendar month) - -------------------------------------------------------------------------------- Loan Number Stated Principal Balance Date of Acquisition ----------- ------------------------ ------------------- 0.00 0 0.00 0 0.00 0 - -------------------------------------------------------------------------------- Aggregate Amount of the Scheduled Payments on all 60+ day delinqencies for the past 12 month rolling period - -------------------------------------------------------------------------------- 04/25/97 0.00 DATE 0.00 CWMBS 1997-C 0.00 -----END PRIVACY-ENHANCED MESSAGE-----