-----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, IpFSCRzBUsV98GXIcOd375J4tmKEQhxjt1qeyF9RMMF8E0RESKAhn1ePpQVkpMVp IYI3MWC+v0tOQvZ8Jodxeg== 0000914121-98-000127.txt : 19980209 0000914121-98-000127.hdr.sgml : 19980209 ACCESSION NUMBER: 0000914121-98-000127 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971027 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: 98523297 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): 10/27/97 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 October 27 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 October 27, 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: October 27, 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: 10/27/97 ------------------------------------------------- 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 46,007,831.55 7.250000% 848,086.55 277,963.98 1,126,050.54 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 6,435,426.09 7.750000% 77,069.16 41,562.13 118,631.29 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 5,855,463.27 7.750000% 23,494.34 37,816.53 61,310.88 0.00 0.00 0.00 2405 A-6 4,981,631.76 7.300000% 3,231.16 30,304.93 33,536.09 0.00 0.00 0.00 2407 A-7 31,215,751.53 10.000000% 649,062.61 260,131.26 909,193.87 0.00 0.00 0.00 2408 A-8 20,826,662.86 6.800000% 1,090,892.12 118,017.76 1,208,909.87 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 11,933,289.91 7.750000% 0.00 0.00 0.00 0.00 0.00 77,069.16 2413 A-13 18,681,119.09 6.920000% 12,116.85 107,727.79 119,844.64 0.00 0.00 0.00 2414 A-14 2,289,943.63 7.750000% 0.00 14,789.22 14,789.22 0.00 0.00 0.00 2415 A-15 3,637,833.73 7.750000% 0.00 0.00 0.00 0.00 0.00 23,494.34 2416 PO 600,792.86 NA 7,787.57 NA 7,787.57 0.00 NA NA 2417 X 201,279,225.52 0.601640% NA 100,914.65 100,914.65 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- 2418 A-R 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- 2419 B-1 9,378,319.32 7.750000% 6,082.92 60,568.31 66,651.23 0.00 0.00 0.00 2420 B-2 3,126,107.44 7.750000% 2,027.64 20,189.44 22,217.08 0.00 0.00 0.00 2421 B-3 2,000,708.00 7.750000% 1,297.69 12,921.24 14,218.93 0.00 0.00 0.00 2422 B-4 1,250,442.38 7.750000% 811.06 8,075.77 8,886.83 0.00 0.00 0.00 2423 B-5 625,221.69 7.750000% 405.53 4,037.89 4,443.42 0.00 0.00 0.00 2424 B-6 1,125,399.51 7.750000% 729.95 7,268.21 7,998.16 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------- Totals 236,547,999.98 2,723,095.14 1,524,176.86 4,247,272.00 0.00 0.00 100,563.51 - -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------- Ending Cert./ Unpaid Class Code Name Notional Bal. Interest - -------------------------------------------- 2399 A-1 45,159,745.00 0.00 2401 A-2 8,362,000.00 0.00 2402 A-3 6,358,356.92 0.00 2403 A-4 17,784,000.00 0.00 2404 A-5 5,831,968.93 0.00 2405 A-6 4,978,400.60 0.00 2407 A-7 30,566,688.92 0.00 2408 A-8 19,735,770.74 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 12,010,359.08 0.00 2413 A-13 18,669,002.24 0.00 2414 A-14 2,288,458.34 0.00 2415 A-15 3,661,328.07 0.00 2416 PO 593,005.30 0.00 2417 X 199,102,213.95 0.00 - -------------------------------------------- 2418 A-R 0.00 0.00 - -------------------------------------------- 2419 B-1 9,372,236.40 0.00 2420 B-2 3,124,079.80 0.00 2421 B-3 1,999,410.31 0.00 2422 B-4 1,249,631.32 0.00 2423 B-5 624,816.16 0.00 2424 B-6 1,124,669.56 0.00 - -------------------------------------------- - -------------------------------------------- Totals 233,925,468.35 0.00 - -------------------------------------------- Payment Date: 10/27/97 ------------------------------------------------- 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 16.72926984 5.48308949 890.81657600 A-2 0.00000000 6.37500000 1000.00000000 A-3 11.18960806 6.03437075 923.16457285 A-4 0.00000000 6.45833333 1000.00000000 A-5 3.92010321 6.30980471 973.08191644 A-6 0.64623200 6.06098531 995.68011958 A-7 18.64972920 7.47443704 878.28271584 A-8 40.62085670 4.39455221 734.88835660 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 1046.09373413 A-13 0.64623200 5.74548196 995.68011958 A-14 0.00000000 6.43460796 995.68016150 A-15 0.00000000 0.00000000 1046.09373413 PO 12.79221353 0.00000000 974.09760535 X 0.00000000 0.46927239 925.86329072 - ----------------- ---------------------------------------- Residual A-R 0.00000000 0.00000000 0.00000000 - ----------------- ---------------------------------------- Subordinate B-1 0.64623206 6.43460769 995.68011937 B-2 0.64623206 6.43460769 995.68011937 B-3 0.64623206 6.43460769 995.68011937 B-4 0.64623206 6.43460769 995.68011937 B-5 0.64623206 6.43460769 995.68011937 B-6 0.64623206 6.43460769 995.68011937 - ----------------- ---------------------------------------- - ----------------- ---------------------------------------- Totals 10.84852368 6.07215974 931.93437925 - ----------------- ---------------------------------------- Payment Date: 10/27/97 ------------------------------------------------- INDEPENDENT NATIONAL MORTGAGE CORP. RESIDENTIAL ASSET SECURITIZATION TRUST 1997 A-3 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-C ------------------------------------------------- - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Aggregate Stated Principal Balance 236,547,999.98 Aggregate Prepayment Amount 2,469,024.06 Aggregate Liquidation Proceeds 0.00 - -------------------------------------------------------------------------------- FEES & ADVANCES - -------------------------------------------------------------------------------- Monthly master servicer fees paid 13,553.21 Monthly servicer fees paid 49,625.05 Advances included in this distribution 38,642.96 Aggregate Advances Outstanding 47,694.24 - -------------------------------------------------------------------------------- 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 4,247,272.00 Principal remittance amount 2,723,095.14 Interest remittance amount 1,524,176.86 Aggregate Certificate Information for the following distribution date Class Aggregate Aggregate Aggregate Type Percentages Prepay. Pct. Certificate Bal. - -------------------------------------------------------------------------------- Senior 92.58045961% 100.00000000% 219,041,801.65 Subordinate 7.41954039% 0.00000000% 17,506,198.33 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 1 mo. 25 3,989,525.70 2 mos. 1 645,399.92 3+MOS. 2 248,141.04 In foreclosure 1 71,210.05 Totals 29 4,954,276.71 - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 10/27/97 7,103.53 09/25/97 1,751.83 08/25/97 6,351.68 -----END PRIVACY-ENHANCED MESSAGE-----