-----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, Oa85EuA5GLoPHxNGEEngPzBa7iU8ENZSb+WCg9QNX8zce1Y0XxssnqgifLK6eHCN g70OTgI3VEBb+jpk4ROK4g== 0001071787-99-000423.txt : 19991104 0001071787-99-000423.hdr.sgml : 19991104 ACCESSION NUMBER: 0001071787-99-000423 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990525 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991103 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: 99740486 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): May 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 May 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 May 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: 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 ------------------------------------------------------------ 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 105,261,316.72 6.750000% 3,483,167.86 592,094.91 4,075,262.77 0.00 0.00 A5 28,028,527.93 6.750000% 726,457.02 157,660.47 884,117.49 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% 0.00 131,158.13 131,158.13 0.00 0.00 A9 63,585,988.14 6.750000% 2,119,376.26 357,671.18 2,477,047.44 0.00 0.00 A10 14,425,000.00 6.750000% 0.00 81,140.63 81,140.63 0.00 0.00 A11 31,109,940.14 5.406250% 1,446,111.17 140,156.76 1,586,267.93 0.00 0.00 A12 8,065,540.04 11.933032% 374,917.71 80,205.29 455,123.00 0.00 0.00 A13 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A14 1,793,711.60 6.750000% 0.00 0.00 0.00 0.00 0.00 A15 10,845,000.00 6.750000% 0.00 61,003.13 61,003.13 0.00 0.00 A16 55,730,000.00 6.750000% 0.00 313,481.25 313,481.25 0.00 0.00 PO 549,091.30 0.000000% 23,524.85 0.00 23,524.85 0.00 0.00 X 349,458,818.69 0.443263% 0.00 129,085.05 129,085.05 0.00 0.00 M 9,393,377.87 6.750000% 7,848.23 52,837.75 60,685.98 0.00 0.00 B1 4,473,131.71 6.750000% 3,737.33 25,161.37 28,898.70 0.00 0.00 B2 2,236,565.85 6.750000% 1,868.67 12,580.68 14,449.35 0.00 0.00 B3 1,789,451.40 6.750000% 1,495.10 10,065.66 11,560.76 0.00 0.00 B4 894,228.91 6.750000% 747.13 5,030.04 5,777.17 0.00 0.00 B5 1,342,873.38 6.750000% 1,121.98 7,553.66 8,675.64 0.00 0.00 Residual AR 0.00 6.750000% 0.00 0.08 0.08 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 406,222,744.98 - 8,190,373.32 2,400,909.79 10,591,283.10 - - - ---------------------------------------------------------------------------------------------------------------------------------- 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 101,778,148.86 0.00 A5 27,302,070.90 0.00 A6 9,422,000.00 0.00 A7 0.00 0.00 A8 23,317,000.00 0.00 A9 61,466,611.89 0.00 A10 14,425,000.00 0.00 A11 29,663,828.97 0.00 A12 7,690,622.32 0.00 A13 0.00 0.00 A14 1,803,801.23 0.00 A15 10,845,000.00 0.00 A16 55,730,000.00 0.00 PO 525,566.45 0.00 X 341,936,895.55 0.00 M 9,385,529.64 0.00 B1 4,469,394.38 0.00 B2 2,234,697.19 0.00 B3 1,787,956.30 0.00 B4 893,481.77 0.00 B5 1,341,751.40 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 398,042,461.29 - - --------------------------------------------------------------------------------
Payment Date: 05/25/99 ------------------------------------------------------------ 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 105,261,316.72 6.750000% 12669AYS7 30.363930 5.161488 887.233894 A5 28,028,527.93 6.750000% 12669AYT5 24.215234 5.255349 910.069030 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 63,585,988.14 6.750000% 12669AYX6 28.258350 4.768949 819.554825 A10 14,425,000.00 6.750000% 12669AYY4 0.000000 5.625000 1,000.000000 A11 31,109,940.14 5.406250% 12669AYZ1 37.181307 3.603604 762.693740 A12 8,065,540.04 11.933032% 12669AZA5 37.181307 7.954112 762.693740 A13 0.00 6.750000% 12669AZB3 0.000000 0.000000 0.000000 A14 1,793,711.60 6.750000% 12669AZC1 0.000000 0.000000 1,051.779143 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 549,091.30 0.000000% 12669AZF4 42.358023 0.000000 946.316461 X 349,458,818.69 0.443263% 12669AZG2 0.000000 0.329382 872.509122 M 9,393,377.87 6.750000% 12669AZJ6 0.830149 5.588931 992.757525 B1 4,473,131.71 6.750000% 12669AZ43 0.830149 5.588931 992.757525 B2 2,236,565.85 6.750000% 12669AZL1 0.830149 5.588931 992.757525 B3 1,789,451.40 6.750000% 12669AZQ0 0.830149 5.588931 992.757525 B4 894,228.91 6.750000% 12669AZR8 0.830149 5.588931 992.757525 B5 1,342,873.38 6.750000% 12669AZS6 0.830149 5.588931 992.757525 Residual AR 0.00 6.750000% 12669AZH0 0.000000 0.813159 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 406,222,744.98 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-15 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Aggregated stated principal balance 398,042,461.29 398,042,461.29 Aggregated loan count 1253 1253 Aggregated average loan rate 7.399922% 7.40 Aggregated prepayment amount 7,840,858.09 7,840,858.09 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Monthly master servicing fees 79,752.67 79,752.67 Monthly sub servicer fees 6,337.95 6,337.95 Monthly trustee fees 3,046.67 3,046.67 Aggregate advances N/A N/A Advances this periods 22,941.01 22,941.01 - -------------------------------------------------------------------------------- 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 7,745,712.28 7,745,712.28 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 406,222,744.98 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 5 1,546,535.08 60 to 89 days 4 1,237,141.30 90 or more 2 155,262.21 Foreclosure 2 261,698.51 Totals: 13 3,200,637.10 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 10,591,283.10 10,591,283.10 Principal remittance amount 8,190,373.32 8,190,373.32 Interest remittance amount 2,400,909.79 2,400,909.79 -----END PRIVACY-ENHANCED MESSAGE-----