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, 1998

                                       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: 333-37539-06
                                              ------------


                                   CWABS, Inc.
               Mortgage Pass-Through Certificates, Series 1998-14
              -----------------------------------------------------
             (Exact name of Registrant as specified in its charter)


          Delaware                                    95-4596514
-------------------------------          ------------------------------------
(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
                                                             ----


<PAGE>


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, 1998:  Not applicable
                       --------------


<PAGE>


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 1998-14 (the "Trust Fund")
formed  pursuant to the pooling and  servicing  agreement  dated as of July 1,
1998 (the "Pooling and Servicing  Agreement") among CWABS,  Inc., as depositor
(the "Company"),  Countrywide Home Loans,  Inc., as seller and master servicer
(the "Master Servicer"), and The Bank of New York, as trustee (the "Trustee"),
for the issuance of CWABS, Inc., Mortgage  Pass-Through  Certificates,  Series
1998-14 (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, including
but not  limited  to, the relief  granted to CWMBS,  Inc.  (February  3, 1994)
(collectively, the "Relief Letters").



<PAGE>


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.



<PAGE>


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,  1998,  there were seven (7) 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 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.


<PAGE>


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.


<PAGE>


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"). The Annual Statement of the Master Servicer is
              attached as Exhibit  99.1 to this Report.  The Annual  Report of
              the Firm of  Accountants  is required to be delivered  not later
              than 120 days  after  the end of the  Master  Servicer's  fiscal
              year. The Registrant hereby undertakes to file the Annual Report
              of the  Firm  of  Accountants  as an  Exhibit  to a Form  10-K/A
              amending  this Form 10-K  promptly  following  the date on which
              such report becomes available.

         (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. 333-11095)).

                        Exhibit 3(ii):  Copy of Company's By-laws (Filed as an
              Exhibit  to  Registration   Statement  on  Form  S-3  (File  No.
              333-11095)).

                        Exhibit 4: Pooling and Servicing  Agreement  (Filed as
              part of the  Registrant's  Current  Report  on Form 8-K filed on
              August 14, 1998).

                        Exhibit 99.1: Annual Statement of the Master Servicer.



<PAGE>


         (b) Current  Reports on Form 8-K filed during the last quarter ending
         December 31, 1998:


         Date of Current Report                 Item Reported

         October 26, 1998             Monthly report sent to Certificateholders
                                      with the October 1998 distribution

         November 25, 1998            Monthly report sent to Certificateholders
                                      with the November 1998 distribution

         December 28, 1998            Monthly report sent to Certificateholders
                                      with the December 1998 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.



<PAGE>


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.

                                      CWABS, INC.,
                                      MORTGAGE PASS-THROUGH CERTIFICATES,
                                      SERIES 1998-14

                                      By:  The Bank of New York,
                                           as Trustee*


                                      By:  /s/ Kelly Sheahan
                                           Name:  Kelly Sheahan
                                           Title: Assistant Vice President

                                      Date:  March 30, 1999










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



<PAGE>


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. 333-11095)) *

3(ii)    Company's  By-laws (Filed as an Exhibit to Registration  Statement on
         Form S-3 (File No. 333-11095)) *

4        Pooling  and  Servicing  Agreement  (Filed  as part of the  Company's
         Current Report on Form 8-K filed on August 14, 1998) *

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













_____________
*   Incorporated herein by reference.


<PAGE>





                                  Exhibit 99.1


<PAGE>


COUNTRYWIDE HOME LOANS, INC.


                              OFFICERS' CERTIFICATE
                     ANNUAL STATEMENT OF THE MASTER SERVICER


                                   CWABS, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-14


         The  undersigned  do hereby  certify that they are each an officer of
Countrywide  Home Loans,  Inc. (the "Master  Servicer")  and do hereby further
certify  pursuant to Section 3.16 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; and

         (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.




/s/ Thomas H. Boone                                  Dated: 3/29/99

THOMAS H. BOONE
MANAGING DIRECTOR,
  PORTFOLIO MANAGEMENT


/s/ David M. Walker                                  Dated: 3/29/99

DAVID M. WALKER
EXECUTIVE VICE PRESIDENT