-----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, AU2zxtC30QALfTigNp1kDVmpVcCejsasSgZhreOcJLM2Mk+SH3gclNm1WfoIdIfN pf0NtBA19aqEyZHucYUAnw== 0001071787-99-000496.txt : 19991231 0001071787-99-000496.hdr.sgml : 19991231 ACCESSION NUMBER: 0001071787-99-000496 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991225 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991230 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: 99783658 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): December 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 December 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 December 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: December 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 December 25, 1999 EX-99.1466 2 COMPUTATIONAL MATERIAL Payment Date: 12/25/99 ------------------------------------------------------------ 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 15,384,676.09 6.250000% 472,229.98 80,128.52 552,358.50 0.00 0.00 A2 17,387,000.00 6.550000% 0.00 94,904.04 94,904.04 0.00 0.00 A3 1,654,776.01 6.750000% 0.00 9,308.12 9,308.12 0.00 0.00 A4 94,016,943.53 6.750000% 1,287,755.77 528,845.31 1,816,601.07 0.00 0.00 A5 25,683,377.13 6.750000% 268,577.13 144,469.00 413,046.12 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 56,744,211.20 6.750000% 783,550.81 319,186.19 1,102,737.00 0.00 0.00 A10 14,425,000.00 6.750000% 0.00 81,140.63 81,140.63 0.00 0.00 A11 27,354,092.26 6.090000% 165,004.00 138,822.02 303,826.02 0.00 0.00 A12 7,091,801.70 9.295711% 42,778.81 54,936.11 97,714.93 0.00 0.00 A13 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A14 1,865,542.07 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 509,214.82 0.000000% 589.51 0.00 589.51 0.00 0.00 X 324,842,639.60 0.434643% 0.00 117,658.81 117,658.81 0.00 0.00 M 9,336,829.41 6.750000% 8,366.43 52,519.67 60,886.09 0.00 0.00 B1 4,446,203.30 6.750000% 3,984.10 25,009.89 28,993.99 0.00 0.00 B2 2,223,101.65 6.750000% 1,992.05 12,504.95 14,496.99 0.00 0.00 B3 1,778,678.84 6.750000% 1,593.82 10,005.07 11,598.88 0.00 0.00 B4 888,845.62 6.750000% 796.47 4,999.76 5,796.22 0.00 0.00 B5 1,334,789.23 6.750000% 1,196.06 7,508.19 8,704.25 0.00 0.00 Residual AR 0.00 6.750000% 0.00 0.19 0.19 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 379,784,306.82 - 3,038,414.91 2,240,587.70 5,279,002.61 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 14,912,446.11 0.00 A2 17,387,000.00 0.00 A3 1,619,796.01 0.00 A4 92,729,187.76 0.00 A5 25,414,800.00 0.00 A6 9,422,000.00 0.00 A7 0.00 0.00 A8 23,317,000.00 0.00 A9 55,960,660.39 0.00 A10 14,425,000.00 0.00 A11 27,189,088.26 0.00 A12 7,049,022.88 0.00 A13 0.00 0.00 A14 1,876,035.74 0.00 A15 10,845,000.00 0.00 A16 55,730,000.00 0.00 PO 508,625.31 0.00 X 321,879,016.81 0.00 M 9,328,462.98 0.00 B1 4,442,219.20 0.00 B2 2,221,109.60 0.00 B3 1,777,085.03 0.00 B4 888,049.15 0.00 B5 1,333,593.17 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 376,756,385.58 - - --------------------------------------------------------------------------------
Payment Date: 12/25/99 ------------------------------------------------------------ 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 15,384,676.09 6.250000% 12669AYP3 28.493934 4.834883 899.803663 A2 17,387,000.00 6.550000% 12669AYQ1 0.000000 5.458333 1,000.000000 A3 1,654,776.01 6.750000% 12669AYR9 0.000000 5.340897 929.421625 A4 94,016,943.53 6.750000% 12669AYS7 11.225794 4.610120 808.351097 A5 25,683,377.13 6.750000% 12669AYT5 8.952571 4.815633 847.160000 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 56,744,211.20 6.750000% 12669AYX6 10.447344 4.255816 746.142139 A10 14,425,000.00 6.750000% 12669AYY4 0.000000 5.625000 1,000.000000 A11 27,354,092.26 6.090000% 12669AYZ1 4.242457 3.569286 699.065095 A12 7,091,801.70 9.295711% 12669AZA5 4.242457 5.448120 699.065095 A13 0.00 6.750000% 12669AZB3 0.000000 0.000000 0.000000 A14 1,865,542.07 6.750000% 12669AZC1 0.000000 0.000000 1,093.898393 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 509,214.82 0.000000% 12669AZF4 1.061454 0.000000 915.813302 X 324,842,639.60 0.434643% 12669AZG2 0.000000 0.300226 821.328093 M 9,336,829.41 6.750000% 12669AZJ6 0.884961 5.555285 986.721280 B1 4,446,203.30 6.750000% 12669AZ43 0.884961 5.555285 986.721280 B2 2,223,101.65 6.750000% 12669AZL1 0.884961 5.555285 986.721280 B3 1,778,678.84 6.750000% 12669AZQ0 0.884961 5.555285 986.721280 B4 888,845.62 6.750000% 12669AZR8 0.884961 5.555285 986.721280 B5 1,334,789.23 6.750000% 12669AZS6 0.884961 5.555285 986.721199 Residual AR 0.00 6.750000% 12669AZH0 0.000000 1.884571 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 379,784,306.82 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Mortgage Pass-Through Certificates, Series 1998-15 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Aggregated stated principal balance 376,756,381.42 376,756,381.42 Aggregated loan count 1184 1184 Aggregated average loan rate 7.390389% 7.39 Aggregated prepayment amount 2,687,572.61 2,687,572.61 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Monthly master servicing fees 77,086.51 77,086.51 Monthly sub servicer fees 5,910.20 5,910.20 Monthly trustee fees 2,848.38 2,848.38 Aggregate advances N/A N/A Advances this periods 36,661.11 36,661.11 - -------------------------------------------------------------------------------- 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 4,501,970.21 4,501,970.21 Special Hazard 7,406,955.50 7,406,955.50 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 379,784,306.82 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 15 3,878,019.35 60 to 89 days 1 333,778.45 90 or more 0 0.00 Foreclosure 2 730,580.99 Totals: 18 4,942,378.79 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 642.40 Current Total Outstanding Number of Loans: 1 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 5,279,002.61 5,279,002.61 Principal remittance amount 3,038,414.91 3,038,414.91 Interest remittance amount 2,240,587.70 2,240,587.70 -----END PRIVACY-ENHANCED MESSAGE-----