CWABS Asset-Backed Certificates Trust 2007-4 – ‘8-K’ for 3/29/07

On:  Friday, 4/13/07, at 5:07pm ET   ·   For:  3/29/07   ·   Accession #:  905148-7-3201   ·   File #:  333-135846-21

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     21K 
 2: EX-4.1      Instrument Defining the Rights of Security Holders   254    858K 
 3: EX-99.1     Miscellaneous Exhibit                                  8     59K 
 4: EX-99.2     Miscellaneous Exhibit                                 24     79K 
 5: EX-99.3     Miscellaneous Exhibit                                  3     14K 
 6: EX-99.4     Miscellaneous Exhibit                                  5     19K 
 7: EX-99.5     Miscellaneous Exhibit                                 11     49K 
 8: EX-99.6     Miscellaneous Exhibit                                 11     40K 

8-K   —   Current Report
Document Table of Contents

8-K
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UNITED STATES 
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): March 29, 2007 

CWABS Asset-Backed Certificates Trust 2007-4  
--------------------------------------------  
(Exact name of the issuing entity)  
Commission File Number of the issuing entity: 333-135846-21 

CWABS, Inc. 
----------- 
(Exact name of the depositor as specified in its charter) 
Commission File Number of the depositor: 333-135846   

Countrywide Home Loans, Inc.  
----------------------------  
(Exact name of the sponsor as specified in its charter) 

        Delaware                                95-4596514
        --------                                ----------
      (State or Other Jurisdiction of      (I.R.S. Employer Identification No.
Incorporation of the depositor)              of the depositor)    

4500 Park Granada, Calabasas, California                       91302  
  ----------------------------------------                    ------------
(Address of Principal Executive Offices of the depositor)         (Zip Code)    

The depositor'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:                                                           

[  ] Written communications pursuant to Rule 425 under the Securities Act       
(17 CFR 230.425)                                                      

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act      
(17 CFR 240.14a-12(b))                                                

[  ] 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))                                    

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Section 8.  Other Events.                                                       

Item 8.01.  Other Events.                                                       

       On March 29, 2007, CWABS, Inc. (the "Company") entered into a Pooling
and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of     
March 1, 2007, by and among the Company, as depositor, Countrywide Home Loans,  
Inc. ("CHL"), as a seller, Park Monaco Inc., as a seller, Park Sienna LLC, as   
a seller, Countrywide Home Loans Servicing LP, as master servicer, and The      
Bank of New York, as trustee (the "Trustee"), providing for the issuance of     
the Company's Asset-Backed Certificates, Series 2007-4 (the "Certificates").    
The Certificates were issued on March 29, 2007. Capitalized terms used but not  
otherwise defined herein shall have the respective meanings assigned to them    
in the Pooling and Servicing Agreement. The Pooling and Servicing Agreement is  
annexed hereto as Exhibit 4.1.                                                  

       The tables annexed as Exhibit 99.1 hereto describe characteristics of
the Initial Mortgage Loans as of the Initial Cut-off Date. All percentages set  
forth below have been calculated based on the principal balance of the Initial  
Mortgage Loans as of the Initial Cut-off Date. The sum of the columns may not   
equal the respective totals due to rounding.                                    

On March 29, 2007, CHL entered into an interest rate corridor 
contract with respect to the Class A-1A Certificates (the "Corridor             
Contract"), dated as of March 29, 2007, as evidenced by a Confirmation (the     
"Corridor Contract Confirmation") between CHL and Swiss Re Financial Products   
Corporation (the "Corridor Contract Counterparty"). The Corridor Contract       
Confirmation is annexed hereto as Exhibit 99.2.                                 

    On March 29, 2007, Swiss Reinsurance Company issued a guarantee of
the Corridor Contract Counterparty's performance under the Corridor Contract    
(the "Corridor Guarantee"), dated as of March 29, 2007. The Corridor Guarantee  
is annexed hereto as Exhibit 99.3.                                              

    On March 29, 2007, CHL entered into a Corridor Contract Assignment
Agreement (the "Corridor Contract Assignment Agreement"), dated as of March     
29, 2007, by and among CHL, The Bank of New York, as Corridor Contract          
Administrator for the Trust and the Corridor Counterparty, pursuant to which    
CHL assigned all of its rights and delegated all of its duties and obligations  
under the Corridor Contract to the Corridor Contract Administrator. The         
Corridor Contract Assignment Agreement is annexed hereto as Exhibit 99.4.       

On March 29, 2007, CHL entered into a Corridor Contract       
Administration Agreement (the "Corridor Contract Administration Agreement"),    
dated as of March 29, 2007, by and among CHL and The Bank of New York, as       
Corridor Contract Administrator (in such capacity, the "Corridor Contract       
Administrator") and as Trustee, under the Pooling and Servicing Agreement. The  
Corridor Contract Administration Agreement is annexed hereto as Exhibit 99.5.   

On March 29, 2007, the Company obtained a financial guaranty  
insurance policy issued by Financial Security Assurance Inc. with respect to    
the Class A-4W, Class A-5W and Class A-6W Certificates. The financial guaranty  
insurance policy and the related endorsements (collectively, the "FSA Policy")  
are annexed hereto as Exhibit 99.6.                                             

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Section 9.  Financial Statements and Exhibits.                                  

Item 9.01.  Financial Statements and Exhibits.                                  

(a)    Financial Statements of Businesses Acquired.             

Not applicable.                                   

(b)    Pro Forma Financial Information.                         

Not applicable.                                   

(c)    Shell Company Transactions.                              

Not applicable.                                   

(d)    Exhibits.                                                

4.1       Pooling and Servicing Agreement         

99.1      Characteristics of Initial Mortgage Pool

99.2      Corridor Contract Confirmation          

99.3      Corridor Guarantee                      

99.4      Corridor Contract Assignment Agreement  

  99.5      Corridor Contract Administration Agreement

99.6      FSA Policy                              

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SIGNATURES  

      Pursuant to the requirements of the Securities Exchange Act of 1934,
the depositor has duly caused this report to be signed on its behalf by the     
undersigned hereunto duly authorized.                                           

                         CWABS, INC.

                                   By:  /s/ Darren Bigby
                                        ----------------
                                   Name:    Darren Bigby
                                               Title:   Executive Vice President

Dated:  April 13, 2007                                                          

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Exhibit Index 
------------- 

Exhibit No.                Description                                          
-----------                -----------                                          

4.1                        Pooling and Servicing Agreement                      

99.1                       Characteristics of Initial Mortgage Pool             

99.2                       Corridor Contract Confirmation                       

99.3                       Corridor Guarantee                                   

99.4                       Corridor Contract Assignment Agreement               

99.5                       Corridor Contract Administration Agreement           

99.6                       FSA Policy                                           

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		4/13/07		4
For Period End:		3/29/07		1		2			8-K
		3/1/07		2
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