-----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, WTdOBObyWvr3RZOMnzQ3Ip84jpL4YmtS8S+VvLiXc7RIHYWlwXxi5JJSz/c9/cu2 MiLYbzHofwBM+TxMa8XlKA== 0001071787-99-000296.txt : 19990402 0001071787-99-000296.hdr.sgml : 19990402 ACCESSION NUMBER: 0001071787-99-000296 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990325 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWMBS INC MORT PASS THR CERT SER 1998-15 CENTRAL INDEX KEY: 0001069080 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: 033-63714-79 FILM NUMBER: 99580323 BUSINESS ADDRESS: STREET 1: 155 N LAKE AVE CITY: PASADENA STATE: CA ZIP: 911009 BUSINESS PHONE: 8183044428 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA STREET 2: 155 N LAKE AVE CITY: PASADENA 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): March 25, 1999 CWMBS, INC. (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-15) (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 1998-15 On March 25, 1999, The Bank of New York, as Trustee for CWMBS, INC., Mortgage Pass-Through Certificates Series 1998-15, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of August 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 1998-15 relating to the distribution date of March 25, 1999 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of August 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: March 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 March 25, 1999 EX-99.1466 2 COMPUTATIONAL MATERIAL Payment Date: 03/25/99 ------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-15 ------------------------------------------------------------
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 16,573,000.00 6.250000% 0.00 86,317.71 86,317.71 0.00 0.00 A2 17,387,000.00 6.550000% 0.00 94,904.04 94,904.04 0.00 0.00 A3 1,742,800.00 6.750000% 0.00 9,803.25 9,803.25 0.00 0.00 A4 109,921,120.05 6.750000% 2,286,776.11 618,306.30 2,905,082.41 0.00 0.00 A5 29,000,386.59 6.750000% 476,934.97 163,127.17 640,062.15 0.00 0.00 A6 9,422,000.00 6.750000% 0.00 52,998.75 52,998.75 0.00 0.00 A7 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A8 23,317,000.00 6.750000% 0.00 131,158.12 131,158.12 0.00 0.00 A9 66,421,302.70 6.750000% 1,391,417.01 373,619.83 1,765,036.83 0.00 0.00 A10 14,425,000.00 6.750000% 0.00 81,140.62 81,140.62 0.00 0.00 A11 33,049,728.06 5.436880% 952,066.39 149,739.50 1,101,805.90 0.00 0.00 A12 8,568,448.02 11.814888% 246,832.03 84,362.71 331,194.74 0.00 0.00 A13 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A14 1,773,701.34 6.750000% 0.00 0.00 0.00 0.00 0.00 A15 10,845,000.00 6.750000% 0.00 61,003.12 61,003.12 0.00 0.00 A16 55,730,000.00 6.750000% 0.00 313,481.25 313,481.25 0.00 0.00 PO 550,435.91 0.000000% 756.37 0.00 756.37 0.00 0.00 X 360,169,547.50 0.445777% 0.00 133,796.17 133,796.17 0.00 0.00 M 9,408,901.09 6.750000% 7,733.57 52,925.07 60,658.64 0.00 0.00 B1 4,480,523.88 6.750000% 3,682.73 25,202.95 28,885.68 0.00 0.00 B2 2,240,261.94 6.750000% 1,841.37 12,601.47 14,442.84 0.00 0.00 B3 1,792,408.60 6.750000% 1,473.26 10,082.30 11,555.55 0.00 0.00 B4 895,706.68 6.750000% 736.22 5,038.35 5,774.57 0.00 0.00 B5 1,345,092.57 6.750000% 1,105.59 7,566.15 8,671.73 0.00 0.00 Residual AR 0.00 6.750000% 0.00 0.15 0.15 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 417,147,017.42 - 5,371,355.61 2,467,175.00 7,838,530.61 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 16,573,000.00 0.00 A2 17,387,000.00 0.00 A3 1,742,800.00 0.00 A4 107,634,343.94 0.00 A5 28,523,451.62 0.00 A6 9,422,000.00 0.00 A7 0.00 0.00 A8 23,317,000.00 0.00 A9 65,029,885.69 0.00 A10 14,425,000.00 0.00 A11 32,097,661.67 0.00 A12 8,321,615.99 0.00 A13 0.00 0.00 A14 1,783,678.41 0.00 A15 10,845,000.00 0.00 A16 55,730,000.00 0.00 PO 549,679.54 0.00 X 354,960,069.17 0.00 M 9,401,167.52 0.00 B1 4,476,841.15 0.00 B2 2,238,420.57 0.00 B3 1,790,935.34 0.00 B4 894,970.46 0.00 B5 1,343,986.98 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 411,785,638.88 - - --------------------------------------------------------------------------------
Payment Date: 03/25/99 ------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-15 ------------------------------------------------------------
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 16,573,000.00 6.250000% 12669AYP3 0.000000 5.208333 1,000.000000 A2 17,387,000.00 6.550000% 12669AYQ1 0.000000 5.458333 1,000.000000 A3 1,742,800.00 6.750000% 12669AYR9 0.000000 5.625000 1,000.000000 A4 109,921,120.05 6.750000% 12669AYS7 19.934586 5.389981 938.284289 A5 29,000,386.59 6.750000% 12669AYT5 15.897832 5.437572 950.781721 A6 9,422,000.00 6.750000% 12669AYU2 0.000000 5.625000 1,000.000000 A7 0.00 6.750000% 12669AYV0 0.000000 0.000000 0.000000 A8 23,317,000.00 6.750000% 12669AYW8 0.000000 5.625000 1,000.000000 A9 66,421,302.70 6.750000% 12669AYX6 18.552227 4.981598 867.065143 A10 14,425,000.00 6.750000% 12669AYY4 0.000000 5.625000 1,000.000000 A11 33,049,728.06 5.436880% 12669AYZ1 24.478805 3.849988 825.270589 A12 8,568,448.02 11.814888% 12669AZA5 24.478805 8.366412 825.270589 A13 0.00 6.750000% 12669AZB3 0.000000 0.000000 0.000000 A14 1,773,701.34 6.750000% 12669AZC1 0.000000 0.000000 1,040.045721 A15 10,845,000.00 6.750000% 12669AZD9 0.000000 5.625000 1,000.000000 A16 55,730,000.00 6.750000% 12669AZE7 0.000000 5.625000 1,000.000000 PO 550,435.91 0.000000% 12669AZF4 1.361892 0.000000 989.733649 X 360,169,547.50 0.445777% 12669AZG2 0.000000 0.341403 905.739925 M 9,408,901.09 6.750000% 12669AZJ6 0.818021 5.598167 994.411627 B1 4,480,523.88 6.750000% 12669AZ43 0.818021 5.598167 994.411627 B2 2,240,261.94 6.750000% 12669AZL1 0.818021 5.598167 994.411627 B3 1,792,408.60 6.750000% 12669AZQ0 0.818021 5.598167 994.411627 B4 895,706.68 6.750000% 12669AZR8 0.818021 5.598167 994.411627 B5 1,345,092.57 6.750000% 12669AZS6 0.818021 5.598167 994.411627 Residual AR 0.00 6.750000% 12669AZH0 0.000000 1.466581 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 417,147,017.42 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-15 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Aggregated stated principal balance 411,785,638.88 411,785,638.88 Aggregated loan count 1280 1280 Aggregated average loan rate 7.403242% 7.40 Aggregated prepayment amount 5,018,463.71 5,018,463.71 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Monthly master servicing fees 84,058.38 84,058.38 Monthly sub servicer fees 6,347.58 6,347.58 Monthly trustee fees 3,128.60 3,128.60 Aggregate advances N/A N/A Advances this periods 45,093.27 45,093.27 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Net realized losses (this period) 0.00 0.00 Cumulative losses (from Cut-Off) 0.00 0.00 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 Fraud 9,003,940.00 9,003,940.00 Special Hazard 7,763,689.79 7,763,689.79 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 417,147,017.42 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 14 3,628,137.81 60 to 89 days 2 155,735.46 90 or more 1 744,893.90 Foreclosure 1 273,687.80 Totals: 18 4,802,454.97 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 7,838,530.61 7,838,530.61 Principal remittance amount 5,371,355.61 5,371,355.61 Interest remittance amount 2,467,175.00 2,467,175.00 -----END PRIVACY-ENHANCED MESSAGE-----