-----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, F1/6F9QFllK/aJK2DMApPQU75WlaAsfPXMLbfYl0+QLDmcwMDgxPZ+y7nufVM6QK UWM2/QJKZ97qRDu1RC40rg== 0001071787-99-000464.txt : 19991217 0001071787-99-000464.hdr.sgml : 19991217 ACCESSION NUMBER: 0001071787-99-000464 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990525 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INDYMAC RAST 1998-A5 CENTRAL INDEX KEY: 0001060613 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: 333-45887-06 FILM NUMBER: 99775783 BUSINESS ADDRESS: STREET 1: 155 NORTH LAKE AVENUE CITY: PASADENA STATE: CA ZIP: 91110-7137 BUSINESS PHONE: 8183045591 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 FORM 8-K CURRENT REPORT 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 25, 1999 CWMBS, INC. (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-E) (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 91110-7137 (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 1998-E On May 25, 1999, The Bank of New York, as Trustee for CWMBS, INC., Mortgage Pass-Through Certificates Series 1998-E, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of April 1, 1998, 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 1998-E relating to the distribution date of May 25, 1999 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of April 1, 1998. 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: May 25, 1999 CWMBS, INC. By: /s/ Kelly A. Sheahan ------------------------------ Name: Kelly A. Sheahan Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated May 25, 1999 EX-99.1466 2 COMPUTATIONAL MATERIAL Payment Date: 05/25/99 ------------------------------------------------------------ Independent National Mortgage Corporation Mortgage Pass-Through Certificates, Series 1998-E Residential Asset Securitization Trust, 1998-A5 ------------------------------------------------------------
Class Information Current Payment Information - ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls - ---------------------------------------------------------------------------------------------------------------------------------- Senior A1 97,244,661.12 6.750000% 9,227,672.90 546,250.71 9,773,923.61 0.00 750.51 A2 82,178,000.00 6.750000% 1,697,775.57 461,617.02 2,159,392.59 0.00 634.23 A3 29,021,000.00 6.750000% 0.00 163,019.15 163,019.15 0.00 223.98 A4 12,072,000.00 6.750000% 0.00 67,811.83 67,811.83 0.00 93.17 A5 78,000,000.00 6.750000% 0.00 438,148.02 438,148.02 0.00 601.98 A6 27,104,823.66 6.750000% 1,769,962.07 152,464.63 1,922,426.70 0.00 0.00 A7 65,371,668.64 6.750000% 3,877,986.90 367,715.64 4,245,702.53 0.00 0.00 A8 24,000,000.00 6.750000% 0.00 135,000.00 135,000.00 0.00 0.00 A9 9,158,600.00 5.887500% 0.00 44,934.38 44,934.38 0.00 0.00 A10 2,374,400.00 10.076801% 0.00 19,938.63 19,938.63 0.00 0.00 A11 37,500,000.00 6.750000% 0.00 210,937.50 210,937.50 0.00 0.00 X1A 260,190,072.17 0.858713% 0.00 185,934.98 185,934.98 0.00 255.46 X1B 57,779,494.84 0.858713% 0.00 41,289.93 41,289.93 0.00 56.73 X2 168,275,356.90 0.554716% 0.00 77,787.48 77,787.48 0.00 0.00 PO1 8,353.37 0.000000% 8.11 0.00 8.11 0.00 0.00 PO2 189,196.69 0.000000% 208.02 0.00 208.02 0.00 0.00 Residual AR 100.00 6.750000% 0.00 0.67 0.67 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1A 13,053,040.01 6.750000% 9,641.50 73,322.61 82,964.11 0.00 100.74 BIB 4,944,303.30 6.750000% 3,652.06 27,773.55 31,425.61 0.00 38.16 B1C 2,768,829.67 6.750000% 2,045.17 15,553.30 17,598.47 0.00 21.37 B1D 2,175,473.63 6.750000% 1,606.89 12,220.25 13,827.14 0.00 16.79 BIE 1,186,612.97 6.750000% 876.48 6,665.54 7,542.02 0.00 9.16 BIF 1,582,218.14 6.750000% 1,168.69 8,887.77 10,056.46 0.00 12.21 B2A 5,320,693.15 6.750000% 4,162.57 29,928.90 34,091.47 0.00 0.00 B2B 2,474,386.56 6.750000% 1,935.80 13,918.42 15,854.22 0.00 0.00 B2C 1,113,483.85 6.750000% 871.12 6,263.35 7,134.46 0.00 0.00 B2D 742,355.55 6.750000% 580.77 4,175.75 4,756.52 0.00 0.00 B2E 742,355.55 6.750000% 580.77 4,175.75 4,756.52 0.00 0.00 2BF 742,314.14 6.750000% 580.74 4,175.52 4,756.26 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 501,068,870.00 - 16,601,316.12 3,119,911.26 19,721,227.38 - 2,814.48 - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 88,016,988.22 750.51 A2 80,480,224.43 634.23 A3 29,021,000.00 223.98 A4 12,072,000.00 93.17 A5 78,000,000.00 601.98 A6 25,334,861.59 0.00 A7 61,493,681.75 0.00 A8 24,000,000.00 0.00 A9 9,158,600.00 0.00 A10 2,374,400.00 0.00 A11 37,500,000.00 0.00 X1A 254,948,922.71 255.46 X1B 52,082,276.67 56.73 X2 162,628,036.13 0.00 PO1 8,345.26 0.00 PO2 188,988.67 0.00 Residual AR 100.00 0.00 - -------------------------------------------------------------------------------- Subordinate B1A 13,043,398.51 100.74 BIB 4,940,651.24 38.16 B1C 2,766,784.50 21.37 B1D 2,173,866.73 16.79 BIE 1,185,736.49 9.16 BIF 1,581,049.45 12.21 B2A 5,316,530.59 0.00 B2B 2,472,450.76 0.00 B2C 1,112,612.73 0.00 B2D 741,774.78 0.00 B2E 741,774.78 0.00 2BF 741,733.40 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 484,467,553.88 2,814.48 - --------------------------------------------------------------------------------
Payment Date: 05/25/99 ------------------------------------------------------------ Independent National Mortgage Corporation Mortgage Pass-Through Certificates, Series 1998-E Residential Asset Securitization Trust, 1998-A5 ------------------------------------------------------------
Class Information Current Payment Information Factors per $1,000 - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Senior A1 97,244,661.12 6.750000% 12669ANL4 53.704839 3.179166 512.256802 A2 82,178,000.00 6.750000% 12669ANM2 20.659733 5.617282 979.340267 A3 29,021,000.00 6.750000% 12669ANN0 0.000000 5.617282 1,000.000000 A4 12,072,000.00 6.750000% 12669ANP5 0.000000 5.617282 1,000.000000 A5 78,000,000.00 6.750000% 12669ANQ3 0.000000 5.617282 1,000.000000 A6 27,104,823.66 6.750000% 12669ANR1 35.399241 3.049293 506.697232 A7 65,371,668.64 6.750000% 12669ANS9 33.565473 3.182721 532.251541 A8 24,000,000.00 6.750000% 12669ANT7 0.000000 5.625000 1,000.000000 A9 9,158,600.00 5.887500% 12669ANU4 0.000000 4.906250 1,000.000000 A10 2,374,400.00 10.076801% 12669ANV2 0.000000 8.397334 1,000.000000 A11 37,500,000.00 6.750000% 12669APP3 0.000000 5.625000 1,000.000000 X1A 260,190,072.17 0.858713% 12669ANY6 0.000000 0.606507 831.625461 X1B 57,779,494.84 0.858713% 12669APQ1 0.000000 0.481741 607.658529 X2 168,275,356.90 0.554716% 12669ANZ3 0.000000 0.322939 675.160016 PO1 8,353.37 0.000000% 12669ANW0 0.898965 0.000000 925.462997 PO2 189,196.69 0.000000% 12669ANX8 1.034281 0.000000 939.669171 Residual AR 100.00 6.750000% 12669APA6 0.000000 6.739167 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate B1A 13,053,040.01 6.750000% 12669APB4 0.732170 5.568073 990.507465 BIB 4,944,303.30 6.750000% 12669APC2 0.732170 5.568073 990.507465 B1C 2,768,829.67 6.750000% 12669APD0 0.732170 5.568073 990.507465 B1D 2,175,473.63 6.750000% 12669APR9 0.732170 5.568073 990.507465 BIE 1,186,612.97 6.750000% 12669APS7 0.732170 5.568073 990.507465 BIF 1,582,218.14 6.750000% 12669APT5 0.732170 5.568073 990.507465 B2A 5,320,693.15 6.750000% 12669APE8 0.774258 5.566924 988.901192 B2B 2,474,386.56 6.750000% 12669APF5 0.774258 5.566924 988.901192 B2C 1,113,483.85 6.750000% 12669APG3 0.774258 5.566924 988.901192 B2D 742,355.55 6.750000% 12669APU2 0.774258 5.566924 988.901192 B2E 742,355.55 6.750000% 12669APV0 0.774258 5.566924 988.901192 2BF 742,314.14 6.750000% 12669APW8 0.774258 5.566926 988.901389 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 501,068,870.00 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Independent National Mortgage Corporation Mortgage Pass-Through Certificates, Series 1998-E Residential Asset Securitization Trust, 1998-A5 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Stated principal balance 313,290,144.83 171,177,408.90 484,467,553.73 Loan count 2226 450 2676 Average loan rate 7.975946% 7.656980% 7.86 Prepayment amount 10,704,953.40 5,518,497.15 16,223,450.55 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master servicing fees 0.00 2,594.63 2,594.63 Sub servicer fees 67,548.87 37,184.50 104,733.37 Trustee fees 2,431.76 1,326.26 3,758.02 Aggregate advances N/A N/A N/A Advances this periods 52,727.27 23,081.21 75,808.48 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Net realized losses (this period) 0.00 0.00 0.00 Cumulative losses (from Cut-Off) 0.00 0.00 0.00 Coverage Amounts Total - ---------------- ----- Bankruptcy 100,000.00 100,000.00 200,000.00 Fraud 3,990,398.19 2,500,208.81 6,490,606.99 Special Hazard 5,010,688.70 5,010,688.70 10,021,377.40 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 92.651629% 100.000000% 464,222,803.48 ----------------------------------------------------------------------------- Junior 7.348371% 0.000000% 36,818,363.96 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 29 4,887,584.56 60 to 89 days 10 1,503,172.62 90 or more 6 1,703,026.38 Foreclosure 9 1,982,667.20 Totals: 54 10,076,450.76 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 19,721,227.38 19,721,227.38 Principal remittance amount 16,601,316.12 16,601,316.12 Interest remittance amount 3,119,911.26 3,119,911.26 -----END PRIVACY-ENHANCED MESSAGE-----