UNITED STATES
                      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: 33-63714-B6

                               IndyMac ABS, Inc.
        Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-B
               HomeEquity Loan Asset-Backed Certificates, Series SPMD 2000-B
        --------------------------------------------------------------------
            (Exact name of Registrant as specified in its charter)


           Delaware                                   95-4685267
------------------------------------       ------------------------------------
(State or other jurisdiction of            (IRS Employer Identification Number)
incorporation or organization)

c/o      The Bank of New York
         101 Barclay Street
         New York, New York                              10286
----------------------------------------   ------------------------------------
(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 (ss.229.405 of this chapter) is not contained herein, and
will not 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
held by non-affiliates of the Registrant: Not applicable.

State the number of shares outstanding of each of the registrant's classes of
common stock, 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 Home Equity Mortgage Loan Asset-Backed Trust Series
SPMD 2000-B (the "Trust Fund") formed pursuant to the pooling and servicing
agreement dated as of July 1, 2000 (the "Pooling and Servicing Agreement")
among IndyMac ABS, Inc., as depositor (the "Company"), IndyMac, Inc., as
seller and master servicer (the "Master Servicer"), and The Bank of New York,
as trustee (the "Trustee"), for the issuance of IndyMac ABS, Inc., Home
Equitiy Loan Asset-Backed Certificates, Series SPMD 2000-B (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 by the Commission to other companies in similar circumstances,
including, but not limited to, the relief granted to CWMBS, Inc. (February 3,
1994) (collectively, the "Relief Letters").


                                    PART I

ITEM 1.  BUSINESS

         Not applicable in reliance on the Relief Letters.

ITEM 2.  PROPERTIES

         Not applicable in reliance on the Relief Letters.

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, the Master
         Servicer 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 in reliance on the Relief Letters.

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

         Not applicable in reliance on the Relief Letters.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         Not applicable in reliance on the Relief Letters.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         Not applicable in reliance on the Relief Letters.

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 in reliance on the Relief Letters.

ITEM 11. EXECUTIVE COMPENSATION

         Not applicable in reliance on the Relief Letters.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         (a)  Not applicable in reliance on the Relief Letters.

         (b)  Not applicable in reliance on the Relief Letters.

         (c)  Not applicable in reliance on the Relief Letters.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         (a)  Not applicable in reliance on the Relief Letters.

                                    PART IV

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

                    (a) (1) Pursuant to the Pooling and Servicing Agreement,
               the Master Servicer is required (i) to deliver an annual
               statement as to compliance with the provisions of the Pooling
               and Servicing Agreement and certain other matters (the "Annual
               Statement of the Master Servicer") and (ii) to cause a firm of
               independent public accountants to deliver an annual report as
               to compliance with the servicing provisions of the Pooling and
               Servicing Agreement (the "Annual Report of the Firm of
               Accountants"). Both the Annual Statement of the Master Servicer
               and the Annual Report of the Firm of Accountants are attached
               as Exhibits 99.1 and 99.2, respectively, to this Report.

          (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. 333-51609)).

                         Exhibit 3(ii): Copy of Company's By-laws (Filed as an
                    Exhibit to Registration Statement on Form S-3 (File No.
                    333-51609)).

                         Exhibit 4: Pooling and Servicing Agreement (Filed as
                    part of the Registrant's Current Report on Form 8-K filed
                    on March 9, 2001).

                         Exhibit 99.1: Annual Statement of the Master
                    Servicer.

                         Exhibit 99.2: Annual Report of the Firm of
                    Accountants.

          (b) Current Reports on Form 8-K filed during the last quarter of the
     period covered by this Report:


   Date of Current Report                Item Reported
   ----------------------                -------------

   October 25, 2000                      Monthly Report sent to
                                         certificateholders with the
                                         October 2000 distribution

   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 in reliance on the Relief Letters.

     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 Letters.


                                  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., HOME EQUITY MORTGAGE LOAN
                                   ASSET-BACKED TRUST SERIES SPMD 2000-B,
                                   MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                                   SPMD 2000-B

                                   By: The Bank of New York,
                                       as Trustee*

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

                                   Date: March 26, 2001

___________

*   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. 333-51609)) *

3(ii)    Company's By-laws (Filed as an Exhibit to Registration Statement on
         Form S-3 (File No. 333-51609)) *

4        Pooling and Servicing Agreement (Filed as part of the Company's
         Current Report on Form 8-K filed on March 9, 2001) *

99.1     Annual Statement of the Master Servicer.............................11

99.2     Annual Report of the Firm of Accountants............................13



_________

* Incorporated herein by reference.



                                 Exhibit 99.1
                                 ------------


                               INDYMAC ABS, INC.


                             OFFICERS' CERTIFICATE
                    ANNUAL STATEMENT OF THE MASTER SERVICER

                               INDYMAC ABS, INC.
       HOME EQUITY MORTGAGE LOAN ASSET-BACKED TRUST, SERIES SPMD 2000-B
            MORTGAGE PASS-THROUGH CERTIFICATES, SERIES SPMD 2000-B

         The undersigned do hereby certify that they are each an officer of
IndyMac Bank, F.S.B. (f/k/a Independent National Mortgage Corporation) (the
"Master Servicer") and do hereby further certify pursuant to Section 3.19 of
the Pooling and Servicing Agreement for the above-captioned Series (the
"Agreement") that:

               (i) A review of the activities of the Master Servicer during
               the preceding calendar year and of the performance of the
               Master Servicer under the Agreement has been made under our
               supervision;

               (ii) To the best of our knowledge, based on such review, the
               Master Servicer has fulfilled all its obligations under the
               Agreement throughout such year; and

               (iii) To the best of our knowledge, each Servicer has fulfilled
               all its obligations under its Servicing Agreement throughout
               such year (capitalized terms used in this subparagraph (iii)
               shall have the meanings assigned to such terms in the
               Agreement).

/s/ S. Blair Abernathy                                           Dated: 3/26/01
------------------------
Executive Vice President

/s/John Kim                                                      Dated: 3/26/01
------------------------
Vice President



                                 Exhibit 99.2
                                 ------------



              REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

IndyMac Bancorp, Inc.

We have examined management's assertion about IndyMac Bancorp, Inc.'s
compliance with the minimum servicing standards identified in the Mortgage
Bankers Association of America's Uniform Single Attestation Program for
Mortgage Bankers (USAP) as of and for the year ended December 31, 2000,
included in the accompanying management assertion. Management is responsible
for IndyMac Bancorp, Inc.'s compliance with those minimum servicing standards.
Our responsibility is to express an opinion on management's assertion about
the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about IndyMac Bancorp, Inc.'s compliance
with the minimum servicing standards and performing such other procedures as
we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide
a legal determination on IndyMac Bancopr, Inc.'s compliance with the minimum
servicing standards.

In our opinion, management's assertion that IndyMac Bancorp, Inc. complied with
the aforementioned minimum servicing standards as of and for the year ended
December 31, 2000 is fairly stated, in all material respects.

/s/ Grant Thornton LLP

Los Angeles, California
March 26, 2001



                                                                 [LOGO] IndyMac

March 26, 2000


Grant Thornton LLP
1000 Wilshire Blvd., Suite 700
Los Angeles, CA  90017


                            Management's Assertion

As of and for the year ended December 31, 2000, IndyMac Bank, F.S.B. has
complied in all material respects with the minimum servicing standards, in its
capacity as a master servicer, as set forth in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for Mortgage
Bankers. As of and for the year ended December 31, 2000, IndyMac had in effect
fidelity bond and mortgage impairment errors and omissions policies in the
amounts of $30,000,000 and $10,000,000, respectively.

Very truly yours,
IndyMac, Inc.

/s/ Richard Wohl
-------------------------------------------------------------------------------
Richard Wohl              President and Chief Operating Officer


/s/ Carmella Grahn
-------------------------------------------------------------------------------
Carmella Grahn            Executive Vice President and Chief Financial Officer



                                                     155 North Lake Avenue
                                                     Pasadena, California 91101
                                                     Telephone: 800.669.2300
                                                     http://www.indymac.com