-----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, B7PfguXD/KTZLKI8JjHUvH+8N8yIwgBLtBGpLS11e+vsM0EpF8MwuCoCVnTMukfV nmu1C2WhmINb6poO5uSLzQ== 0001071787-99-000368.txt : 19990427 0001071787-99-000368.hdr.sgml : 19990427 ACCESSION NUMBER: 0001071787-99-000368 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990125 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWMBS INC MORT PASS THRO CERT SER 1998-12 CENTRAL INDEX KEY: 0001065115 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: 333-45887-12 FILM NUMBER: 99600831 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91201 BUSINESS PHONE: 8182253000 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA STREET 2: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91201 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): January 25, 1999 CWMBS, INC. (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-12) (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 1998-12 On January 25, 1999, The Bank of New York, as Trustee for CWMBS, INC., Mortgage Pass-Through Certificates Series 1998-12, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 1, 1998, among CWMBS, INC. as Depositor, Countrywide Home Loans, 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 1998-12 relating to the distribution date of January 25, 1999 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 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: January 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 January 25, 1999 EX-99.1466 2 COMPUTATIONAL MATERIAL Payment Date: 01/25/99 ------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-12 ------------------------------------------------------------
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 1A1 82,523,834.69 6.750000% 1,016,757.58 464,196.57 1,480,954.15 0.00 0.00 2A1 124,255,279.01 6.750000% 1,739,985.23 698,935.94 2,438,921.18 0.00 0.00 2A2 37,067,669.48 6.500000% 519,070.08 200,783.21 719,853.29 0.00 0.00 2A3 47,077,233.65 6.750000% 517,377.07 264,809.44 782,186.51 0.00 0.00 2A4 46,054,753.00 6.750000% 0.00 259,057.99 259,057.99 0.00 0.00 2A5 4,118,629.53 9.000000% 57,674.45 30,889.72 88,564.17 0.00 0.00 PO 338,587.71 0.000000% 378.91 0.00 378.91 0.00 0.00 X1 68,713,958.92 0.266892% 0.00 15,282.65 15,282.65 0.00 0.00 X2 274,484,935.18 0.817899% 0.00 187,084.13 187,084.13 0.00 0.00 M 6,828,338.22 6.750000% 5,296.10 38,409.40 43,705.50 0.00 0.00 B1 5,879,958.00 6.750000% 4,560.53 33,074.76 37,635.29 0.00 0.00 B2 3,603,845.26 6.750000% 2,795.16 20,271.63 23,066.79 0.00 0.00 B3 2,086,436.10 6.750000% 1,618.25 11,736.20 13,354.46 0.00 0.00 B4 948,380.23 6.750000% 735.57 5,334.64 6,070.21 0.00 0.00 B5 1,517,449.49 6.750000% 1,176.94 8,535.65 9,712.60 0.00 0.00 Y 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 Residual AR 0.00 6.750000% 0.00 1.36 1.36 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 362,300,394.34 - 3,867,425.88 2,238,403.30 6,105,829.18 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior 1A1 81,507,077.11 0.00 2A1 122,515,293.77 0.00 2A2 36,548,599.40 0.00 2A3 46,559,856.58 0.00 2A4 46,054,753.00 0.00 2A5 4,060,955.08 0.00 PO 338,208.79 0.00 X1 67,712,906.11 0.00 X2 271,638,811.29 0.00 M 6,823,042.12 0.00 B1 5,875,397.46 0.00 B2 3,601,050.09 0.00 B3 2,084,817.85 0.00 B4 947,644.66 0.00 B5 1,516,272.54 0.00 Y 0.00 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 358,432,968.46 - - --------------------------------------------------------------------------------
Payment Date: 01/25/99 ------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-12 ------------------------------------------------------------
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 1A1 82,523,834.69 6.750000% 12669ATD6 11.936766 5.449682 956.895620 2A1 124,255,279.01 6.750000% 12669ATE4 12.976752 5.212641 913.714985 2A2 37,067,669.48 6.500000% 12669ATF1 12.976752 5.019580 913.714985 2A3 47,077,233.65 6.750000% 12669ATG9 10.347541 5.296189 931.197132 2A4 46,054,753.00 6.750000% 12669ATH7 0.000000 5.625000 1,000.000000 2A5 4,118,629.53 9.000000% 12669ATJ3 12.976752 6.950188 913.714985 PO 338,587.71 0.000000% 12669ATK0 1.109136 0.000000 989.992247 X1 68,713,958.92 0.266892% 12669AWR1 0.000000 0.214882 952.080324 X2 274,484,935.18 0.817899% 12669AWR1 0.000000 0.643863 934.863835 M 6,828,338.22 6.750000% 12669ATP9 0.772124 5.599748 994.738564 B1 5,879,958.00 6.750000% 12669ATQ7 0.772124 5.599748 994.738564 B2 3,603,845.26 6.750000% 12669ATR5 0.772124 5.599748 994.738564 B3 2,086,436.10 6.750000% 12669AWF7 0.772124 5.599748 994.738564 B4 948,380.23 6.750000% 12669AWG5 0.772124 5.599748 994.738564 B5 1,517,449.49 6.750000% 12669AWH3 0.772124 5.599748 994.738564 Y 0.00 0.000000% 12669AWS9 0.000000 0.000000 0.000000 Residual AR 0.00 6.750000% 12669ATN4 0.000000 13.627806 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 362,300,394.34 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-12 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- principal balance 86,794,155.60 271,638,811.29 358,432,966.89 loan count 747 2550 3297 average loan rate 7.286590% 7.847444% 7.71 prepayment amount 947,415.78 2,638,819.09 3,586,234.87 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- master servicing fees 17,168.84 54,887.06 72,055.90 sub servicer fees 6,944.95 4,701.60 11,646.55 trustee fees 658.62 2,058.64 2,717.25 Aggregate advances N/A N/A N/A Advances this periods 8,957.44 18,018.34 26,975.78 - -------------------------------------------------------------------------------- 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 0.00 0.00 0.00 Fraud 1,809,955.32 5,811,302.16 7,621,257.48 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 362,300,394.34 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 30 2,856,117.07 60 to 89 days 4 640,659.67 90 or more 2 73,033.51 Foreclosure 1 161,133.29 Totals: 37 3,730,943.54 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 6,105,829.18 6,105,829.18 Principal remittance amount 3,867,425.88 3,867,425.88 Interest remittance amount 2,238,403.30 2,238,403.30 -----END PRIVACY-ENHANCED MESSAGE-----