SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  ---------

                                   FORM 10-K

(Mark One)

          [X]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

          For the fiscal year ended:  December 31, 2000
                                      -----------------

                                      OR

          [ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

          For the transition period from               to
                                        -------------    -------------

                     Commission file number: 333-72655-18
                                 ------------


                                  CWMBS, Inc.
                       Resecuritization Mortgage Trust,
           Resecuritization Pass Through Certificates Series 2000-7R
           ---------------------------------------------------------
            (Exact name of Registrant as specified in its charter)


              Delaware                               95-4449516
------------------------------------     -------------------------------------
(State or other jurisdiction of           (IRS Employer Identification Number)
incorporation or organization)

c/o      StateStreet Bank
           and Trust Company
         225 Franklin Street
         Boston, Massachusetts                           02110
---------------------------------------  -------------------------------------
(Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code:   (212) 815-2007
                                                      --------------

Securities registered pursuant to Section 12(b) of the Act:  None
                                                             ----

Securities registered pursuant to Section 12(g) of the Act:  None
                                                             ----


Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X    No
                                                  ---      ---

Indicate by check mark if disclosure of delinquent filers pursuant to item 405
of Regulation S-K is not contained herein, and will be contained, to the best
of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. [ ]

State the aggregate market value of the voting and non-voting common equity
stock held by non-affiliates of the Registrant: Not applicable
                                                --------------

Indicate the number of shares of common stock of the Registrant outstanding as
of December 31, 2000: Not applicable
                      --------------


DOCUMENTS INCORPORATED BY REFERENCE

                                     None.

                                     * * *


         This Annual Report on Form 10-K (the "Report") is filed with respect
to the trust fund entitled CHL Mortgage Pass-Through Trust 2000-7R (the "Trust
Fund") formed pursuant to the trust agreement dated as of October 30, 2000
(the "Trust Agreement") among CWMBS, Inc., as depositor (the "Company"), and
State Street Bank and Trust Company, as trustee (the "Trustee"), for the
issuance of CWMBS, Inc., Resecuritization Mortgage Trust, Series 2000-7R (the
"Certificates"). Certain information otherwise required to be included in this
Report by the Instructions to Form 10-K has been omitted in reliance on the
relief granted to the Company in CWMBS, Inc. (February 3, 1994) (the "Relief
Letter").


PART I

ITEM 1.  BUSINESS

         Not applicable.  See the Relief Letter.

ITEM 2.  PROPERTIES

         Not applicable.  See the Relief Letter.

ITEM 3.  LEGAL PROCEEDINGS

         There were no material pending legal proceedings relating to the
         Trust Fund to which any of the Trust Fund, the Trustee or the Company
         was a party or of which any of their respective properties was the
         subject during the fiscal year covered by this Report, nor is the
         Company aware of any such proceedings contemplated by governmental
         authorities.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         No matter was submitted to a vote of Certificateholders, and no
         Certificateholder consent was solicited during the fiscal year
         covered by this Report.

PART II

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

         (a) There is no established public trading market for the
         Certificates.

         (b) As of December 31, 2000 there were less than 300 holders of
         record of the Certificates.

         (c) Not applicable. (Information as to distributions to
         Certificateholders is provided in the Registrant's monthly filings on
         Form 8-K.)

ITEM 6.  SELECTED FINANCIAL DATA

         Not applicable.  See the Relief Letter.

ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

         Not applicable.  See the Relief Letter.

ITEM 7A  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         Not applicable.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         Not applicable.  See the Relief Letter.

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         None.

PART III


ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

         Not applicable.  See the Relief Letter.

ITEM 11. EXECUTIVE COMPENSATION

         Not applicable.  See the Relief Letter.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         (a)      Not applicable.  See the Relief Letter.

         (b)      Not applicable.  See the Relief Letter.

         (c)      Not applicable.  See the Relief Letter.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         (a)      Not applicable.  See the Relief Letter.

PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

                         (a)     (1)     Not Applicable.

              (2)   Not applicable.

              (3)   The required exhibits are as follows:

                                               Exhibit 3(i): Copy of Company's
                    Certificate of Incorporation (Filed as an Exhibit to
                    Registration Statement on Form S-3 (File No. 33-63714)).

                                               Exhibit 3(ii): Copy of
                    Company's By-laws (Filed as an Exhibit to Registration
                    Statement on Form S-3 (File No. 33-53614)).

                                               Exhibit 4: Trust Agreement
                    (Filed as part of the Registrant's Current Report on Form
                    8-K filed on November 6, 2000).

          (b)  Current Reports on Form 8-K filed during the last quarter
          ending December 31, 2000:


          Date of Current Report                    Item Reported
          ----------------------                    -------------
          November 27, 2000          Monthly Report sent to certificateholders
                                     with the November 2000 distribution

          December 26, 2000          Monthly Report sent to certificateholders
                                     with the December 2000 distribution

          (c)  See subparagraph (a)(3) above.

          (d)  Not applicable.  See the Relief Letter.

         SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT
TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

         No such annual report, proxy statement, form of proxy or other
soliciting material has been sent to Certificateholders. See the Relief
Letter.

SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) 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.

                                      CWMBS, INC.,
                                      RESECURITIZATION MORTGAGE TRUST, 2000-7R

                                      By: State Street Bank and Trust Company,
                                          as Trustee*


                                      By: /s/ Courtney Bartholomew
                                          -----------------------------------
                                          Name: Courtney Bartholomew
                                          Title: Vice President

                                      Date:  March 26, 2001




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*        This Report is being filed by the Trustee on behalf of the Trust
         Fund. The Trust Fund does not have any officers or directors.

EXHIBIT INDEX


                                                                    Sequential
Exhibit Document                                                   Page Number
------- -------                                                    -----------

3(i)      Company's Certificate of Incorporation (Filed as an Exhibit to
          Registration Statement on Form S-3 (File No. 33-63714))  *

3(ii)     Company's By-laws (Filed as an Exhibit to Registration Statement
          on Form S-3 (File No. 33-63714))     *

4         Trust Agreement (Filed as part of the Company's
          Current Report on Form 8-K filed on November 6, 2000)      *




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*     Incorporated herein by reference.