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, 1999
                                      -----------------

                                      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: 033-63714-A3

                                  CWMBS, Inc.
                Residential Asset Securitization Trust 1999-A8
               Mortgage Pass-Through Certificates, Series 1999-H
               -------------------------------------------------
            (Exact name of Registrant as specified in its charter)

<TABLE>
<CAPTION>

<S>                                               <C>
              Delaware                                      95-4449516
------------------------------------              ----------------------------
(State or other jurisdiction of                   (IRS Employer Identification Number)
   incorporation or organization)
</TABLE>

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
                                           --------------

Indicate the number of shares outstanding of each of the registrant's classes
of common stock, as of December 31, 1999:  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 Residential Asset Securitization Trust 1999-A8 (the
"Trust Fund") formed pursuant to the pooling and servicing agreement dated as
of November 1, 1999 (the "Pooling and Servicing Agreement") among CWMBS, 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 CWMBS, Inc., Mortgage Pass-Through Certificates, Series
1999-H (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, 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, 1999, 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 DISCLOSURE ABOUT MARKET RISK

         Not applicable.  See the Relief Letter.

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) 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-11 (File No.
                         33-63714)).

                                             Exhibit 3(ii): Copy of Company's
                         By-laws (Filed as an Exhibit to Registration
                         Statement on Form S-11 (File No. 33-63714)).

                                             Exhibit 4: Pooling and Servicing
                         Agreement (Filed as part of the Registrant's Current
                         Report on Form 8-K filed on February 16, 2000).

                                             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:

<TABLE>
<CAPTION>

<S>                      <C>                           <C>
                         Date of Current Report               Item Reported
                         ----------------------               -------------

                         December 27, 1999             Monthly report sent to
                                                       Certificateholders with the
                                                       December 1999 distribution
</TABLE>

                         (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.,
                                   RESIDENTIAL ASSET SECURITIZATION TRUST
                                   1999-A8, MORTGAGE PASS-THROUGH
                                   CERTIFICATES, SERIES 1999-H

                                   By:  The Bank of New York, as Trustee*

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

                                   Date: March 29, 2000


---------------
*   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
<TABLE>
<CAPTION>
<S>               <C>                                                                                   <C>
                                                                                                         Sequential
Exhibit  Document                                                                                       Page Number
-------  --------                                                                                       -----------

3(i)              Company's Certificate of Incorporation (Filed as an Exhibit to Registration
                  Statement on Form S-11 (File No. 33-63714))  *


3(ii)             Company's By-laws (Filed as an Exhibit to Registration Statement on Form S-11
                  (File No. 33-63714))  *

4                 Pooling and Servicing Agreement (Filed as part of the Company's Current Report
                  on Form 8-K filed on February 16, 2000)  *

99.1              Annual Statement of the Master Servicer........................................................12

99.2              Annual Report of the Firm of Accountants.......................................................14

</TABLE>







----------------
*    Incorporated herein by reference.

                                 Exhibit 99.1

INDYMAC, INC.


                             OFFICERS' CERTIFICATE
                    ANNUAL STATEMENT OF THE MASTER SERVICER

                                  CWMBS, INC.
                RESIDENTIAL ASSET SECURITIZATION TRUST 1999-A8
               MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1999-H

     The undersigned do hereby certify that they are each an officer of
IndyMac, Inc. (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/ Jim Banks                                   Dated: 3/29/00

JIM BANKS
EXECUTIVE VICE PRESIDENT


/s/ John Kim                                    Dated: 3/29/00

JOHN KIM
VICE PRESIDENT

                                 Exhibit 99.2

              REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

IndyMac, Inc.

We have examined management's assertion about IndyMac, 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, 1999, included in the accompanying
management assertion. Management is responsible for IndyMac, 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, 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, Inc.'s compliance with the minimum servicing
standards.

In our opinion, management's assertion that IndyMac, Inc. complied with the
aforementioned minimum servicing standards as of and for the year ended
December 31, 1999 is fairly stated, in all material respects.

/s/ Grant Thornton LLP

Los Angeles, California
March 3, 2000

                                                                 [LOGO] IndyMac

March 3, 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, 1999, IndyMac Inc. 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, 1999, 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/   Michael W. Perry
--------------------------------------------------------------------------------
Michael W. Perry           President and Chief Executive 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