NORWEST ASSET SECURITIES CORP
8-K, 1997-10-27
ASSET-BACKED SECURITIES
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                       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:  February 18, 1997
(Date of earliest event reported)

Commission File No. 333-21263



                      Norwest Asset Securities Corporation
- --------------------------------------------------------------------------------

        Delaware                                      52-1972128
- --------------------------------------------------------------------------------
(State of Incorporation)                    (I.R.S. Employer Identification No.)

7485 New Horizon Way
Frederick, Maryland                                               21703
- --------------------------------------------------------------------------------
Address of principal executive offices                           (Zip Code)



                                 (301) 846-8881
- --------------------------------------------------------------------------------
               Registrant's Telephone Number, including area code



- --------------------------------------------------------------------------------
(Former  name,  former  address and former  fiscal year,  if changed  since last
report)





<PAGE>



ITEM 7. Financial Statements and Exhibits

                    (c) Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.                                    Description
- -----------                                    -----------
(EX-23)                                Consent of Coopers & Lybrand L.L.P., 
                                       independent Certified Public Accountants 
                                       of Financial Security Assurance Inc. in 
                                       connection with Norwest Asset Securities 
                                       Corporation, Mortgage Pass-Through 
                                       Certificates, Series 1997-2



<PAGE>



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

                                   NORWEST ASSET SECURITIES CORPORATION


February 2, 1997

                                   By: /s/ B. David Bialzak
                                       ---------------------
                                       B. David Bialzak
                                       Vice President




<PAGE>




                                INDEX TO EXHIBITS


                                                                Paper (P) or
Exhibit No.                         Description                Electronic (E)
- -----------                         -----------                --------------

(EX-23)                    Consent of Coopers & Lybrand          E
                           L.L.P., independent Certified
                           Public Accountants of Financial
                           Security Assurance Inc. in
                           connection with Norwest Asset
                           Securities Corporation, Mortgage
                           Pass-Through Certificates,
                           Series 1997-2



                       CONSENT OF INDEPENDENT ACCOUNTANTS

We consent to the incorporation by reference in the Prospectus  Supplement dated
February 18, 1997 (to  Prospectus  dated  February  18,  1997) of Norwest  Asset
Securities  Corporation relating to Mortgage Pass-Through  Certificates,  Series
1997-2 of our report dated January 17, 1996,  on our audits of the  consolidated
financial statements of Financial Security Assurance Inc. and Subsidiaries as of
December 31, 1995 and 1994,  and for each of the three years in the period ended
December  31,  1995.  We also  consent  to the  reference  to our Firm under the
caption "Experts".

                                               /s/ Coopers & Lybrand L.L.P.
                                               ----------------------------
                                               Coopers  & Lybrand L.L.P.

New York, New York
February 18, 1997





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