-----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, EGAiHviJ+VmME+AGD7Dzp2dEIIOGMv5fK4fieecH3zNnJq8UXnXe7OPi0JdiszvQ 0HMq4MnLDp5L1e4Fc26N/A== 0001019965-97-000093.txt : 19970801 0001019965-97-000093.hdr.sgml : 19970801 ACCESSION NUMBER: 0001019965-97-000093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970731 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970731 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE HOME EQUITY LOAN TRUST 1997-B CENTRAL INDEX KEY: 0001041579 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 367196220 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-11095-04 FILM NUMBER: 97649413 BUSINESS ADDRESS: STREET 1: ONE FIRST NATIONAL PLAZA SUITE 0126 STREET 2: C/O THE FIRST NATIONAL BANK OF CHICAGO CITY: CHICAGO STATE: IL ZIP: 60670-0126 BUSINESS PHONE: 3124071902 MAIL ADDRESS: STREET 1: C/O FIRST NATIONAL BANK OF CHICAGO CORP STREET 2: ONE FIRST NATIONAL PLAZA STE 0126 CITY: CHICAGO STATE: IL ZIP: 60670-0126 8-K 1 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): July 15, 1997 COUNTRYWIDE HOME EQUITY LOAN TRUST 1997-B (Exact name of registrant as specified in its charter) CALIFORNIA 333-11095 36-7196220 (State or Other Jurisdiction (Commission File (I.R.S. Employer of Incorporation) Number) Identification No.) c/o The First National Bank of Chicago. Corporate Trust Services Division-9th floor 1 N. State Street, Chicago IL 60670-0126 (Zip Code) Registrant's telephone number, including area code: 312/407-1902 Item 5.Other Events On behalf of Countrywide Home Equity Loan Trust 1997-B, a Trust created pursuant to the Pooling Agreement, dated May 23, 1997, by The First National Bank of Chicago, as trustee for the Trust, the Trustee has caused to be filed with the Commission, the Monthly Report dated July 15, 1997. The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the area. The filing of the Monthly Report will occur subsequent to each monthly distribution to the holders of the Trust's Investor Certificates, Due June 15, 2022. A. Monthly Report Information: Aggregate distribution information for the current distribution date July 15, 1997. Principal Interest Ending Balance Cede & Co $-0- $1,246,338.49 $162,700,000.00 B. No delinquency in payment under the Transferor Certificate, or the Financial Guaranty Insurance Policy has occurred. C. Have any deficiencies occurred? NO. Date: Amount: D. Were any amounts paid or are any amounts payable under the Financial Guaranty Insurance Policy? NO Amount: E. Are there any developments with respect to the Financial Guaranty Insurance Policy? NONE. F. Item 1: Legal Proceedings: NONE G. Item 2: Changes in Securities: NONE H. Item 4: Submission of Matters to a Vote of Security Holders: NONE I. Item 5: Other Information - Items 1, 2, 4, 5 if applicable: NOT APPLICABLE Item 7.Monthly Statements and Exhibits Exhibit No. 1. Monthly Statement to Certificateholders dated July 15, 1997 Statement to Certificateholders (Page 1 of 2) Distribution Date: 7/15/97 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000 ORIGINAL PRINCIPAL AMOUNT) A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS Investor Certificate Interest Distributed 7.660347 Investor Certificate Interest Shortfall Distributed 0.000000 Remaining Unpaid Investor Certificate Interest Shortfall 0.000000 Managed Amortization Period ? (Yes=1; No=0) 1 Investors Certificate Principal Distributed 0.000000 Principal Distribution Amount 0.000000 Maximum Principal Payment 38.374609 Alternative Principal Payment 0.000000 Principal Collections less Additional Balances -8.410102 Investor Loss Amount Distributed to Investors 0.000000 Accelerated Principal Distribution Amount 0.000000 Credit Enhancement Draw Amount 0.00 Total Amount Distributed to Certificateholders (P & I) 7.660347 B. INVESTOR CERTIFICATE PRINCIPAL BALANCE Beginning Investor Certificate Balance "162,700,000.00 " Ending Investor Certificate Balance "162,700,000.00 " Beginning Invested Amount "162,700,000.00 " Ending Invested Amount "162,700,000.00 " Investor Certificateholder Floating Allocation Percentage 98.0000% Pool Factor 1.0000000 Liquidation Loss Amount for Liquidated Loans 0.00 Unreimbursed Liquidation Loss Amount 0.00 C. POOL INFORMATION Beginning Pool Balance "166,020,408.16 " Ending Pool Balance "167,388,731.80 " Servicer Removals form the Trust (Section 2.06) 0.00 Servicing Fee "69,175.17 " D. INVESTOR CERTIFICATE RATE Investor Certificate Rate 5.867500% LIBOR Rate 5.687500% Maximum Rate 5.895096% E. DELINQUENCY & REO STATUS Delinquent 30-59 days No. of Accounts 6 Trust Balances "84,325.00 " Delinquent 60-89 days No. of Accounts 1 Trust Balances "9,060.00 " Delinquent 90+ days No. of Accounts 0 Trust Balances 0.00 Delinquent 9+ Months No. of Accounts 0 Trust Balances 0 REO No. of Accounts 0 Trust Balances 0.00 Statement to Certificateholders (Page 2 of 2) Distribution Date: 7/15/97 "IN WITNESS WHEREOF, the undersigned has caused this Certificate to be duly executed" "this 10th day of July, 1997" Countrywide Home Loans Formerly Known as Countrywide Funding Corporation as Servicer _______________________________________ Lupe Montero Assistant Vice President Distribution List: Barbara Grosse - First National Bank of Chicago Lupe Montero - Countrywide Home Loans Judy Tan - Morgan Stanley Richard Marron -Countrywide Home Loans Dave Walker - Countrywide Home Loans 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. COUNTRYWIDE HOME EQUITY LOAN TRUST 1997-B By _______________________________________ Name: Barbara Grosse Title: Assistant Vice President Dated: July 31, 1997 -----END PRIVACY-ENHANCED MESSAGE-----