8-K 1 efc4-1877_5608590form8k.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) October 15, 2004 CWABS, INC. ----------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-109272 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 ----- -------- -------------------------------------------------------------------------------- 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)) 1 Section 8. ---------- Item 8.01. Other Events. ---- ------------ Description of the Mortgage Pool* -------------------------------- CWABS, Inc. (the "Company") entered into a Sale and Servicing Agreement dated as of September 29, 2004 (the "Sale and Servicing Agreement"), by and among the Company, as depositor, Countrywide Home Loans, Inc., as seller, and JPMorgan Chase Bank, as indenture trustee, providing for the issuance of the Company's Revolving Home Equity Loan Asset Backed Notes, Series 2004-N. _____________________________ * Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Prospectus dated September 14, 2004 and the Prospectus Supplement dated September 29, 2004 of CWABS, Inc., relating to its CWABS Revolving Home Equity Loan Trust 2004-N, Revolving Home Equity Loan Asset-Backed Notes, Series 2004-N. 2 The sum of the columns below may not equal the total indicated due to rounding. The following tables describe the statistical calculation mortgage loans and the related mortgage properties as of the close of business on the Statistical Calculation Date. Loan Group 1 Principal Balances for the Group 1 Mortgage Loans

As of the Statistical Calculation Date, the average principal balance of the statistical calculation mortgage loans in loan group 1 was approximately $32,976. Loan Programs for the Group 1 Mortgage Loans

3 Loan Rates for the Group 1 Mortgage Loans

Months Remaining to Scheduled Maturity for the Group 1 Mortgage Loans

4 Combined Loan-to-Value Ratios for the Group 1 Mortgage Loans

5 The geographic location used for the following table is determined by the address of the mortgaged property securing the related mortgage loan. Geographic Distribution for the Group 1 Mortgage Loans

6 Credit Scores for the Mortgage Loans for the Group 1 Mortgage Loans

Property Type for the Group 1 Mortgage Loans

7 Gross Margins for the Group 1 Mortgage Loans

8 The credit limit utilization rates in the following table are determined by dividing the principal balance as of the Statistical Calculation Date for the particular grouping by the aggregate of the credit limits of the related credit line agreements. Credit Limit Utilization Rates for the Group 1 Mortgage Loans

Maximum Loan Rates for the Group 1 Mortgage Loans

9 Credit Limits for the Group 1 Mortgage Loans

10 Lien Priority for the Group 1 Mortgage Loans

Delinquency Status for the Group 1 Mortgage Loans

Origination Year for the Group 1 Mortgage Loans

11 Loan Group 2 Principal Balances for the Group 2 Mortgage Loans

12 As of the Statistical Calculation Date, the average principal balance of the statistical calculation mortgage loans in loan group 2 was approximately $85,777. Loan Programs for the Group 2 Mortgage Loans

Loan Rates for the Group 2 Mortgage Loans

13 Months Remaining to Scheduled Maturity for the Group 2 Mortgage Loans

Combined Loan-to-Value Ratios for the Group 2 Mortgage Loans

14 The geographic location used for the following table is determined by the address of the mortgaged property securing the related mortgage loan. Geographic Distribution for the Group 2 Mortgage Loans

15 Credit Scores for the Mortgage Loans for the Group 2 Mortgage Loans

Property Type for the Group 2 Mortgage Loans

16 Gross Margins for the Group 2 Mortgage Loans

17 The credit limit utilization rates in the following table are determined by dividing the principal balance as of the Statistical Calculation Date for the particular grouping by the aggregate of the credit limits of the related credit line agreements. Credit Limit Utilization Rates for the Group 2 Mortgage Loans

Maximum Loan Rates for the Group 2 Mortgage Loans

18 Credit Limits for the Group 2 Mortgage Loans

19 As of the Statistical Calculation Date, the average credit limit of the statistical calculation mortgage loans in loan group 2 was approximately $101,307. Lien Priority for the Group 2 Mortgage Loans

Delinquency Status for the Group 2 Mortgage Loans

Origination Year for the Group 2 Mortgage Loans

20 Mortgage Loan Statistics ------------------------ For purposes of this Form 8-K, "Tables" shall mean computer generated tables and/or charts describing the characteristics of the Mortgage Loans as of the applicable Cut-off Date. All percentages in the Tables were calculated based on the principal balance of the Initial Mortgage Loans as of theInitial Cut-off Date. The sum of the columns may not equal the respective totals due to rounding. 21 Section 9. ---------- Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits. ---- ------------------------------------------------------------------ (a) Not applicable. (b) Not applicable. 22 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/ Celia Coulter ------------------------- Name: Celia Coulter Title: Vice President Dated: October 15, 2004 23

CWABS Revolving Home Equity Loan Trust, Series 2004-N 8-K