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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) December 30, 2004
CWABS, INC. (as depositor under the Sale and Servicing Agreement,
dated as of December 30, 2004, relating to the Revolving Home Equity
Loan Asset Backed Notes, Series 2004-U).
CWABS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-118926 95-4596514
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
4500 Park Granada
Calabasas, California 91302
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (818) 225-3240
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 8.
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Item 8.01. Other Events.
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Description of the Notes and the Mortgage Pool*
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On December 30, 2004, CWABS, Inc. (the "Company") entered into a Sale and
Servicing Agreement dated as of December 30, 2004 (the "Sale and Servicing
Agreement"), by and among the Company, as depositor, Countrywide Home Loans,
Inc. ("CHL"), as sponsor and as master servicer, CWABS Revolving Home Equity
Loan Trust, Series 2004-U (the "Trust") and JPMorgan Chase Bank, N.A., as
indenture trustee (the "Indenture Trustee"), relating to the Revolving Home
Equity Loan Asset Backed Notes, Series 2004-U (the "Notes"). The Sale and
Servicing Agreement is annexed hereto as Exhibit 99.1.
The Company and CHL entered into a Purchase Agreement, dated as of
December 30, 2004 (the "Mortgage Loan Purchase Agreement"), providing for the
purchase and sale of the Mortgage Loans to be delivered pursuant to the Sale
and Servicing Agreement. The Mortgage Loan Purchase Agreement is annexed
hereto as Exhibit 99.2.
The Trust and the Indenture Trustee entered into an Indenture, dated as
of December 30, 2004 (the "Indenture"), providing for the issuance of the
Notes. The Indenture is annexed hereto as Exhibit 99.3.
In addition to the above agreements, Financial Guaranty Insurance Company
issued a Surety Bond, dated December 30, 2004 (the "Surety Bond"), providing
for the guarantee of certain payments with respect to the Notes upon certain
conditions. The Surety Bond is annexed hereto as Exhibit 99.4.
Wilmington Trust Company, as owner trustee (the "Owner Trustee") and the
Company entered into a Trust Agreement, dated as of December 27, 2004 (the
"Trust Agreement"), providing for the creation of the Trust. The Trust
Agreement is annexed hereto as Exhibit 99.5.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus dated October 25, 2004 and
the Prospectus Supplement dated December 28, 2004, of CWABS, Inc.,
relating to its Revolving Home Equity Loan Asset Backed Notes, Series
2004-U (the "Prospectus").
Section 9.
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Item 9.01. Financial Statements, Pro Forma Financial
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Information And Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 The Sale and Servicing Agreement, dated as of December 30, 2004, by and
among the Company, CHL, the Trust and the Indenture Trustee.
99.2 The Purchase Agreement, dated as of December 30, 2004, by and between
the Company and CHL.
99.3 The Indenture, dated as of December 30, 2004, by and between the Trust
and the Indenture Trustee.
99.4 The Note Guaranty Surety Bond, dated as of December 30, 2004, issued by
Financial Guaranty Insurance Company.
99.5 The Trust Agreement, dated as of December 27, 2004, by and among
Wilmington Trust Company, as owner trustee (the "Owner Trustee") and the
Company.
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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/ Leon Daniels, Jr.
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Leon Daniels, Jr.
Vice President
Dated: January 27, 2005
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EXHIBIT INDEX
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Exhibit Description
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99.1 The Sale and Servicing Agreement, dated as of December 30, 2004, by and
among the Company, CHL, the Trust and the Indenture Trustee.
99.2 The Purchase Agreement, dated as of December 30, 2004, by and between
the Company and CHL.
99.3 The Indenture, dated as of December 30, 2004, by and between the Trust
and the Indenture Trustee.
99.4 The Note Guaranty Surety Bond, dated as of December 30, 2004, issued by
Financial Guaranty Insurance Company.
99.5 The Trust Agreement, dated as of December 27, 2004, by and among
Wilmington Trust Company, as owner trustee (the "Owner Trustee") and the
Company.
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