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: April 29, 1998
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(Date of earliest event reported)
Commission File No. 333-45021
Norwest Asset Securities Corporation
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Delaware 52-1972128
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(State of Incorporation) (I.R.S. Employer Identification No.)
7485 New Horizon Way
Frederick, Maryland 21703
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Address of principal executive offices (Zip Code)
(301) 846-8881
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year, if changed since last
report)
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ITEM 5. Other Events
Attached as an exhibit are the Collateral Term Sheets (as defined in the
no-action letter dated February 17, 1995 issued by the Securities and Exchange
Commission to the Public Securities Association) prepared by Norwest Asset
Securities Corporation which are hereby filed pursuant to such letter.
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ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Collateral Term Sheets prepared by Norwest
Asset Securities Corporation in connection
with Norwest Asset Securities Corporation,
Mortgage Pass-Through Certificates, Series
1998-14
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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
April 29, 1998
By: /s/ B. David Bialzak
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B. David Bialzak
Vice President
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INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
(99) Collateral Term Sheets prepared by Norwest E
Asset Securities Corporation in connection
with Norwest Asset Securities Corporation,
Mortgage Pass-Through Certificates, Series
1998-14
Mortgage Interest Rate
Number of Principal Percent of
Mortgage Interest Rate Loans Balance Prin Bal
- ---------------------- ----- ------- --------
6.250 3 953,507 0.42%
6.375 1 277,074 0.12%
6.500 10 2,994,269 1.32%
6.625 18 5,831,754 2.56%
6.700 1 331,831 0.15%
6.750 62 21,072,657 9.26%
6.800 4 1,602,714 0.70%
6.850 3 811,266 0.36%
6.875 122 39,808,558 17.49%
6.900 1 267,978 0.12%
6.950 1 283,189 0.12%
7.000 111 37,380,382 16.42%
7.100 3 905,953 0.40%
7.125 91 31,636,107 13.90%
7.150 2 909,284 0.40%
7.200 1 313,041 0.14%
7.250 98 34,566,210 15.19%
7.350 2 741,853 0.33%
7.375 88 27,644,841 12.15%
7.500 40 11,408,943 5.01%
7.550 1 281,267 0.12%
7.600 1 306,266 0.13%
7.625 17 4,137,929 1.82%
7.750 5 1,149,169 0.50%
7.875 10 1,737,995 0.76%
8.000 2 266,634 0.12%
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Total 698 227,620,672 100.01%
Unpaid Balance
Number of Principal Percent of
Unpaid Balance Loans Balance Prin Bal
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0.00 To 200,000.00 52 5,762,928 2.53%
200,000.01 To 250,000.00 74 17,785,707 7.81%
250,000.01 To 300,000.00 241 66,440,207 29.19%
300,000.01 To 350,000.00 109 35,110,280 15.42%
350,000.01 To 400,000.00 84 31,672,097 13.91%
400,000.01 To 450,000.00 50 21,264,486 9.34%
450,000.01 To 500,000.00 34 16,269,802 7.15%
500,000.01 To 550,000.00 15 7,917,613 3.48%
550,000.01 To 600,000.00 16 9,194,696 4.04%
600,000.01 To 650,000.00 12 7,551,659 3.32%
650,000.01 To 700,000.00 3 2,091,364 0.92%
700,000.01 To 750,000.00 2 1,460,502 0.64%
750,000.01 To 800,000.00 1 793,458 0.35%
800,000.01 To 850,000.00 1 801,640 0.35%
850,000.01 To 900,000.00 3 2,579,756 1.13%
900,000.01 To 950,000.00 1 924,474 0.41%
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Total 698 227,620,672 99.99%
