8-K 1 efc3-0681_4838194fm8k.txt ----------------------------------------------------------------- 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): June 29, 2001 CWMBS, INC., (as depositor under the Pooling and Servicing Agreement, dated as of June 1, 2001, providing for the issuance of the CWMBS, INC., Mortgage Pass-Through Trust 2001-J1, Mortgage Pass-Through Certificates, Series 2001-J1). CWMBS, INC. ----------- (Exact name of registrant as specified in its charter) Delaware 333-103029 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) 225-3240 ----- -------- ----------------------------------------------------------------- Item 5. Other Events. ------------ On June 29, 2001, CWMBS, Inc. (the "Company") entered into a Pooling and Servicing Agreement dated as of June 1, 2001 (the "Pooling and Servicing Agreement"), by and among the Company, as depositor, People's Bank of California, as transferor ("People's Choice"), Countrywide Home Loans, Inc., as seller and as master servicer ("Countrywide Home Loans"), Wells Fargo Home Mortgage, Inc., as master servicer ("Wells Fargo"), and First Union National Bank, as trustee (the "Trustee"), providing for the issuance of the Company's Mortgage Pass-Through Certificates, Series 2001-J1. A form of the Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1. 2 Item 7. Financial Statements, Pro Forma Financial ----------------------------------------- Information and Exhibits. ------------------------- (a) Not applicable. (b) Not applicable. (c) Exhibits: 99.1. Form of the Pooling and Servicing Agreement, dated as of June 1, 2001, by and among the Company, People's Choice, Countrywide Home Loans, Wells Fargo and the Trustee. 3 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. CWMBS, INC. By: /s/ Celia Coulter ---------------------------------- Celia Coulter Vice President Dated: April 17, 2003 4 Exhibit Index ------------- Exhibit Page ------- ---- 99.1. Form of Pooling and Servicing Agreement, dated as of June 1, 2001, by and among the Company, People's Choice, Countrywide Home Loans, Wells Fargo and the Trustee. 6 5

Countrywide Home Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/01 Distribution Date: 12/26/01 CWT Series: 2001-J01 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A-1 12669B4R0 SEN 6.75000% 158,908,358.72 893,859.52 11,093,870.73 1-A-2 12669B4S8 SEN 6.75000% 7,151,793.95 40,228.84 (40,228.83) 1-A-3 12669B4T6 SEN 6.75000% 20,625,000.00 116,015.63 0.00 2-A-1 12669B4U3 SEN 6.50000% 71,339,103.92 386,420.15 2,806,046.40 3-A-1 12669B4V1 SEN 6.50000% 44,004,823.25 238,359.46 1,400,015.89 3-A-2 12669B4W9 SEN 6.44000% 128,887,641.60 691,697.01 4,463,952.57 3-A-3 12669B4X7 SEN 6.50000% 9,760,094.13 52,867.18 (52,867.18) PO 12669B5C2 SEN 0.00000% 3,823,482.24 0.00 88,599.09 1-X 12669B4Z2 SEN 0.37747% 0.00 34,055.56 0.00 2-X 12669B5A6 SEN 0.30963% 0.00 10,302.88 0.00 3-X 12669B5B4 SEN 0.28350% 0.00 30,715.27 0.00 A-R 12669B4Y5 SEN 6.75000% 0.00 0.00 0.00 M 12669B5D0 MEZ 6.60444% 6,624,588.10 36,459.74 17,370.02 B-1 12669B5E8 JUN 6.60444% 2,699,198.78 14,855.58 7,077.44 B-2 12669B5F5 JUN 6.60444% 1,472,020.99 8,101.56 3,859.72 B-3 12669B5G3 JUN 6.60444% 490,673.67 2,700.52 1,286.57 B-4 12669B5H1 JUN 6.60444% 490,673.67 2,700.52 1,286.57 B-5 12669B5J7 JUN 6.60444% 492,868.78 2,712.60 1,292.33 Totals 456,770,321.80 2,562,052.02 19,791,561.32

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 147,814,487.99 11,987,730.25 0.00 1-A-2 0.00 7,192,022.79 0.01 0.00 1-A-3 0.00 20,625,000.00 116,015.63 0.00 2-A-1 0.00 68,533,057.52 3,192,466.55 0.00 3-A-1 0.00 42,604,807.36 1,638,375.35 0.00 3-A-2 0.00 124,423,689.03 5,155,649.58 0.00 3-A-3 0.00 9,812,961.31 0.00 0.00 PO 0.00 3,734,883.16 88,599.09 0.00 1-X 0.00 0.00 34,055.56 0.00 2-X 0.00 0.00 10,302.88 0.00 3-X 0.00 0.00 30,715.27 0.00 A-R 0.00 0.00 0.00 0.00 M 0.00 6,607,218.08 53,829.76 0.00 B-1 0.00 2,692,121.34 21,933.02 0.00 B-2 0.00 1,468,161.27 11,961.28 0.00 B-3 0.00 489,387.09 3,987.09 0.00 B-4 0.00 489,387.09 3,987.09 0.00 B-5 0.00 491,576.46 4,004.93 0.00 Totals 0.00 436,978,760.49 22,353,613.34 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 171,673,634.00 158,908,358.72 225,840.11 10,868,030.62 0.00 0.00 1-A-2 6,954,000.00 7,151,793.95 0.00 0.00 (40,228.83) 0.00 1-A-3 20,625,000.00 20,625,000.00 0.00 0.00 0.00 0.00 2-A-1 82,130,600.00 71,339,103.92 628,705.67 2,177,340.72 0.00 0.00 3-A-1 48,000,000.00 44,004,823.25 68,788.16 1,331,227.73 0.00 0.00 3-A-2 141,735,497.00 128,887,641.60 219,331.14 4,244,621.43 0.00 0.00 3-A-3 9,500,000.00 9,760,094.13 0.00 0.00 (52,867.18) 0.00 PO 4,081,836.00 3,823,482.24 14,084.45 74,514.64 0.00 0.00 1-X 0.00 0.00 0.00 0.00 0.00 0.00 2-X 0.00 0.00 0.00 0.00 0.00 0.00 3-X 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 M 6,710,000.00 6,624,588.10 17,370.02 0.00 0.00 0.00 B-1 2,734,000.00 2,699,198.78 7,077.44 0.00 0.00 0.00 B-2 1,491,000.00 1,472,020.99 3,859.72 0.00 0.00 0.00 B-3 497,000.00 490,673.67 1,286.57 0.00 0.00 0.00 B-4 497,000.00 490,673.67 1,286.57 0.00 0.00 0.00 B-5 499,224.00 492,868.78 1,292.33 0.00 0.00 0.00 Totals 497,128,891.00 456,770,321.80 1,188,922.18 18,695,735.14 (93,096.01) 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A-1 11,093,870.73 147,814,487.99 0.86102032 11,093,870.73 1-A-2 (40,228.83) 7,192,022.79 1.03422818 (40,228.83) 1-A-3 0.00 20,625,000.00 1.00000000 0.00 2-A-1 2,806,046.40 68,533,057.52 0.83444000 2,806,046.40 3-A-1 1,400,015.89 42,604,807.36 0.88760015 1,400,015.89 3-A-2 4,463,952.57 124,423,689.03 0.87785835 4,463,952.57 3-A-3 (52,867.18) 9,812,961.31 1.03294330 (52,867.18) PO 88,599.09 3,734,883.16 0.91500079 88,599.09 1-X 0.00 0.00 0.00000000 0.00 2-X 0.00 0.00 0.00000000 0.00 3-X 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 M 17,370.02 6,607,218.08 0.98468228 17,370.02 B-1 7,077.44 2,692,121.34 0.98468228 7,077.44 B-2 3,859.72 1,468,161.27 0.98468227 3,859.72 B-3 1,286.57 489,387.09 0.98468227 1,286.57 B-4 1,286.57 489,387.09 0.98468227 1,286.57 B-5 1,292.33 491,576.46 0.98468115 1,292.33 Totals 19,791,561.32 436,978,760.49 0.87900496 19,791,561.32

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 171,673,634.00 925.64219104 1.31552006 63.30634686 0.00000000 1-A-2 6,954,000.00 1028.44319097 0.00000000 0.00000000 (5.78499137) 1-A-3 20,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-1 82,130,600.00 868.60565879 7.65495041 26.51071245 0.00000000 3-A-1 48,000,000.00 916.76715104 1.43308667 27.73391104 0.00000000 3-A-2 141,735,497.00 909.35329771 1.54746796 29.94748330 0.00000000 3-A-3 9,500,000.00 1027.37832947 0.00000000 0.00000000 (5.56496632) PO 4,081,836.00 936.70648208 3.45051835 18.25517733 0.00000000 1-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 M 6,710,000.00 987.27095380 2.58867660 0.00000000 0.00000000 B-1 2,734,000.00 987.27095099 2.58867593 0.00000000 0.00000000 B-2 1,491,000.00 987.27095238 2.58867874 0.00000000 0.00000000 B-3 497,000.00 987.27096579 2.58867203 0.00000000 0.00000000 B-4 497,000.00 987.27096579 2.58867203 0.00000000 0.00000000 B-5 499,224.00 987.26980273 2.58867763 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 64.62186692 861.02032412 0.86102032 64.62186692 1-A-2 0.00000000 (5.78499137) 1,034.22818378 1.03422818 (5.78499137) 1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-1 0.00000000 34.16566298 834.43999581 0.83444000 34.16566298 3-A-1 0.00000000 29.16699771 887.60015333 0.88760015 29.16699771 3-A-2 0.00000000 31.49495126 877.85834645 0.87785835 31.49495126 3-A-3 0.00000000 (5.56496632) 1,032.94329579 1.03294330 (5.56496632) PO 0.00000000 21.70569567 915.00078886 0.91500079 21.70569567 1-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 2.58867660 984.68227720 0.98468228 2.58867660 B-1 0.00000000 2.58867593 984.68227505 0.98468228 2.58867593 B-2 0.00000000 2.58867874 984.68227364 0.98468227 2.58867874 B-3 0.00000000 2.58867203 984.68227364 0.98468227 2.58867203 B-4 0.00000000 2.58867203 984.68227364 0.98468227 2.58867203 B-5 0.00000000 2.58867763 984.68114514 0.98468115 2.58867763 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 171,673,634.00 6.75000% 158,908,358.72 893,859.52 0.00 0.00 1-A-2 6,954,000.00 6.75000% 7,151,793.95 40,228.84 0.00 0.00 1-A-3 20,625,000.00 6.75000% 20,625,000.00 116,015.63 0.00 0.00 2-A-1 82,130,600.00 6.50000% 71,339,103.92 386,420.15 0.00 0.00 3-A-1 48,000,000.00 6.50000% 44,004,823.25 238,359.46 0.00 0.00 3-A-2 141,735,497.00 6.44000% 128,887,641.60 691,697.01 0.00 0.00 3-A-3 9,500,000.00 6.50000% 9,760,094.13 52,867.18 0.00 0.00 PO 4,081,836.00 0.00000% 3,823,482.24 0.00 0.00 0.00 1-X 0.00 0.37747% 108,263,988.81 34,055.56 0.00 0.00 2-X 0.00 0.30963% 39,930,168.42 10,302.88 0.00 0.00 3-X 0.00 0.28350% 130,014,057.77 30,715.27 0.00 0.00 A-R 100.00 6.75000% 0.00 0.00 0.00 0.00 M 6,710,000.00 6.60444% 6,624,588.10 36,459.74 0.00 0.00 B-1 2,734,000.00 6.60444% 2,699,198.78 14,855.58 0.00 0.00 B-2 1,491,000.00 6.60444% 1,472,020.99 8,101.56 0.00 0.00 B-3 497,000.00 6.60444% 490,673.67 2,700.52 0.00 0.00 B-4 497,000.00 6.60444% 490,673.67 2,700.52 0.00 0.00 B-5 499,224.00 6.60444% 492,868.78 2,712.60 0.00 0.00 Totals 497,128,891.00 2,562,052.02 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 893,859.52 0.00 147,814,487.99 1-A-2 0.00 0.00 40,228.84 0.00 7,192,022.79 1-A-3 0.00 0.00 116,015.63 0.00 20,625,000.00 2-A-1 0.00 0.00 386,420.15 0.00 68,533,057.52 3-A-1 0.00 0.00 238,359.46 0.00 42,604,807.36 3-A-2 0.00 0.00 691,697.01 0.00 124,423,689.03 3-A-3 0.00 0.00 52,867.18 0.00 9,812,961.31 PO 0.00 0.00 0.00 0.00 3,734,883.16 1-X 0.00 0.00 34,055.56 0.00 99,385,436.47 2-X 0.00 0.00 10,302.88 0.00 38,258,345.03 3-X 0.00 0.00 30,715.27 0.00 124,946,946.67 A-R 0.00 0.00 0.00 0.00 0.00 M 0.00 0.00 36,459.74 0.00 6,607,218.08 B-1 0.00 0.00 14,855.58 0.00 2,692,121.34 B-2 0.00 0.00 8,101.56 0.00 1,468,161.27 B-3 0.00 0.00 2,700.52 0.00 489,387.09 B-4 0.00 0.00 2,700.52 0.00 489,387.09 B-5 0.00 0.00 2,712.60 0.00 491,576.46 Totals 0.00 0.00 2,562,052.02 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A-1 171,673,634.00 6.75000% 925.64219104 5.20673734 0.00000000 0.00000000 1-A-2 6,954,000.00 6.75000% 1028.44319097 5.78499281 0.00000000 0.00000000 1-A-3 20,625,000.00 6.75000% 1000.00000000 5.62500024 0.00000000 0.00000000 2-A-1 82,130,600.00 6.50000% 868.60565879 4.70494736 0.00000000 0.00000000 3-A-1 48,000,000.00 6.50000% 916.76715104 4.96582208 0.00000000 0.00000000 3-A-2 141,735,497.00 6.44000% 909.35329771 4.88019603 0.00000000 0.00000000 3-A-3 9,500,000.00 6.50000% 1027.37832947 5.56496632 0.00000000 0.00000000 PO 4,081,836.00 0.00000% 936.70648208 0.00000000 0.00000000 0.00000000 1-X 0.00 0.37747% 924.00367538 0.29065493 0.00000000 0.00000000 2-X 0.00 0.30963% 867.86083248 0.22392758 0.00000000 0.00000000 3-X 0.00 0.28350% 905.71857759 0.21397217 0.00000000 0.00000000 A-R 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000 M 6,710,000.00 6.60444% 987.27095380 5.43364232 0.00000000 0.00000000 B-1 2,734,000.00 6.60444% 987.27095099 5.43364301 0.00000000 0.00000000 B-2 1,491,000.00 6.60444% 987.27095238 5.43364185 0.00000000 0.00000000 B-3 497,000.00 6.60444% 987.27096579 5.43364185 0.00000000 0.00000000 B-4 497,000.00 6.60444% 987.27096579 5.43364185 0.00000000 0.00000000 B-5 499,224.00 6.60444% 987.26980273 5.43363300 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 5.20673734 0.00000000 861.02032412 1-A-2 0.00000000 0.00000000 5.78499281 0.00000000 1034.22818378 1-A-3 0.00000000 0.00000000 5.62500024 0.00000000 1000.00000000 2-A-1 0.00000000 0.00000000 4.70494736 0.00000000 834.43999581 3-A-1 0.00000000 0.00000000 4.96582208 0.00000000 887.60015333 3-A-2 0.00000000 0.00000000 4.88019603 0.00000000 877.85834645 3-A-3 0.00000000 0.00000000 5.56496632 0.00000000 1032.94329579 PO 0.00000000 0.00000000 0.00000000 0.00000000 915.00078886 1-X 0.00000000 0.00000000 0.29065493 0.00000000 848.22764787 2-X 0.00000000 0.00000000 0.22392758 0.00000000 831.52464618 3-X 0.00000000 0.00000000 0.21397217 0.00000000 870.41949735 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 5.43364232 0.00000000 984.68227720 B-1 0.00000000 0.00000000 5.43364301 0.00000000 984.68227505 B-2 0.00000000 0.00000000 5.43364185 0.00000000 984.68227364 B-3 0.00000000 0.00000000 5.43364185 0.00000000 984.68227364 B-4 0.00000000 0.00000000 5.43364185 0.00000000 984.68227364 B-5 0.00000000 0.00000000 5.43363300 0.00000000 984.68114514 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage PO-1 0.00000% 0.00 0.00 1,752,342.30 1,706,503.52 92.91184636% PO-2 0.00000% 0.00 0.00 967,051.49 927,747.45 85.74605512% PO-3 0.00000% 0.00 0.00 1,104,088.45 1,100,632.18 94.62317590% AMBAC 0.06000% 128,887,641.60 124,423,689.03 0.00 0.00 87.78583465%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 22,460,243.83 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 22,460,243.83 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 106,630.49 Payment of Interest and Principal 22,353,613.34 Total Withdrawals (Pool Distribution Amount) 22,460,243.83 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 98,282.85 Certificate Insurer Premium 6,444.38 Master Servicing Fee 1,903.26 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 106,630.49

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 9 0 0 0 9 1,476,539.13 0.00 0.00 0.00 1,476,539.13 60 Days 2 0 0 0 2 85,732.27 0.00 0.00 0.00 85,732.27 90 Days 1 0 0 0 1 24,909.01 0.00 0.00 0.00 24,909.01 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 1,587,180.41 0.00 0.00 0.00 1,587,180.41 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.899101% 0.000000% 0.000000% 0.000000% 0.899101% 0.337557% 0.000000% 0.000000% 0.000000% 0.337557% 60 Days 0.199800% 0.000000% 0.000000% 0.000000% 0.199800% 0.019600% 0.000000% 0.000000% 0.000000% 0.019600% 90 Days 0.099900% 0.000000% 0.000000% 0.000000% 0.099900% 0.005695% 0.000000% 0.000000% 0.000000% 0.005695% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.198801% 0.000000% 0.000000% 0.000000% 1.198801% 0.362851% 0.000000% 0.000000% 0.000000% 0.362851%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 1,270,880.33 0.00 0.00 0.00 1,270,880.33 60 Days 2 0 0 0 2 85,732.27 0.00 0.00 0.00 85,732.27 90 Days 1 0 0 0 1 24,909.01 0.00 0.00 0.00 24,909.01 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 1,381,521.61 0.00 0.00 0.00 1,381,521.61 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.711491% 0.000000% 0.000000% 0.000000% 1.711491% 0.696259% 0.000000% 0.000000% 0.000000% 0.696259% 60 Days 0.488998% 0.000000% 0.000000% 0.000000% 0.488998% 0.046969% 0.000000% 0.000000% 0.000000% 0.046969% 90 Days 0.244499% 0.000000% 0.000000% 0.000000% 0.244499% 0.013647% 0.000000% 0.000000% 0.000000% 0.013647% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.444988% 0.000000% 0.000000% 0.000000% 2.444988% 0.756875% 0.000000% 0.000000% 0.000000% 0.756875% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 205,658.80 0.00 0.00 0.00 205,658.80 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 205,658.80 0.00 0.00 0.00 205,658.80 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.729927% 0.000000% 0.000000% 0.000000% 0.729927% 0.286206% 0.000000% 0.000000% 0.000000% 0.286206% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.729927% 0.000000% 0.000000% 0.000000% 0.729927% 0.286206% 0.000000% 0.000000% 0.000000% 0.286206% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02011551% 0.00 0.00000000% Fraud 9,942,577.00 1.99999984% 0.00 0.00000000%

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Ratio Strip Weighted Average Gross Coupon 7.011005% Weighted Average Net Coupon 6.752802% Weighted Average Pass-Through Rate 6.747802% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 1,037 Number Of Loans Paid In Full 36 Ending Scheduled Collateral Loan Count 1,001 Beginning Scheduled Collateral Balance 456,770,321.81 Ending Scheduled Collateral Balance 436,978,760.51 Ending Actual Collateral Balance at 30-Nov-2001 437,419,788.29 Monthly P &I Constant 3,854,188.25 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 436,978,760.51 Scheduled Principal 1,185,505.66 Unscheduled Principal 18,606,055.64

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.154326 6.888942 6.912167 Weighted Average Net Rate 6.905020 6.586742 6.662167 Weighted Average Maturity 354 354 354 Beginning Loan Count 427 283 327 Loans Paid In Full 18 9 9 Ending Loan Count 409 274 318 Beginning Scheduled Balance 193,563,394.64 74,351,264.15 188,855,663.02 Ending scheduled Balance 182,457,735.46 71,487,890.34 183,033,134.71 Record Date 11/30/2001 11/30/2001 11/30/2001 Principal And Interest Constant 1,387,493.85 1,082,816.51 1,383,877.89 Scheduled Principal 233,480.76 655,981.90 296,043.00 Unscheduled Principal 10,872,178.42 2,207,391.91 5,526,485.31 Scheduled Interest 1,154,013.09 426,834.61 1,087,834.89 Servicing Fees 40,213.82 18,724.11 39,344.92 Master Servicing Fees 806.54 309.81 786.91 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,112,992.73 407,800.69 1,047,703.06 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.900020 6.581742 6.657167

Group Level Collateral Statement Group Total Collateral Description Fixed 30 Year Rati Weighted Average Coupon Rate 7.011005 Weighted Average Net Rate 6.752802 Weighted Average Maturity 354 Beginning Loan Count 1,037 Loans Paid In Full 36 Ending Loan Count 1,001 Beginning Scheduled Balance 456,770,321.81 Ending scheduled Balance 436,978,760.51 Record Date 11/30/2001 Principal And Interest Constant 3,854,188.25 Scheduled Principal 1,185,505.66 Unscheduled Principal 18,606,055.64 Scheduled Interest 2,668,682.59 Servicing Fees 98,282.85 Master Servicing Fees 1,903.26 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,568,496.48 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.747802

Filing Compare · CWABS INC MORTGAGE PASS THROUGH TRUST 2001-J1