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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 18, 2001
CWABS, INC., (as depositor under the Pooling and Servicing Agreement,
dated as of January 1, 2001, providing for the issuance of the CWABS, INC.,
Asset-Backed Certificates, Series 2001-BC1).
CWABS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-38686 95-4596514
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 225-3237
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Item 5. Other Events.
Filing of Computational Materials
Pursuant to Rule 424(b) under the Securities Act of 1933, concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the
"Form 8-K"), CWABS, Inc. (the "Company") is filing a prospectus and prospectus
supplement with the Securities and Exchange Commission relating to its
Asset-Backed Certificates, Series 2001-BC1.
In connection with the offering of the Asset-Backed Certificates, Series
2001-BC1, Countrywide Securities Corporation ("CSC"), as an underwriter of the
Offered Certificates, has prepared certain materials (the "Computational
Materials") for distribution to their potential investors. Although the
Company provided CSC with certain information regarding the characteristics of
the Mortgage Loans in the related portfolio, the Company did not participate
in the preparation of the Computational Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The Computational Materials, which are listed as Exhibit 99.1 hereto, are
filed on Form SE dated January 22, 2001.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus and the prospectus supplement
of CWABS, Inc., relating to its Asset-Backed Certificates, Series
2001-BC1.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials filed on Form SE dated January 22,
2001.
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 hereunto duly authorized.
CWABS, INC.
By: /s/ Michael Muir
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Michael Muir
Vice President
Dated: January 22, 2001
Exhibit Index
Exhibit Page
99.1 Countrywide Securities Corporation Computational
Materials filed on Form SE dated January 22, 2001.