NORWEST ASSET SECURITIES CORP
8-K, 1998-04-21
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: April 21, 1998
- ------------------------------
(Date of earliest event reported)

Commission File No. 333-45021





                      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 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.





<PAGE>



ITEM 7.    Financial Statements and Exhibits

                    (c) Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.                                      Description
- -----------                                      -----------
         (99)                                    Collateral Term Sheets
                                                 prepared by Norwest Asset
                                                 Securities Corporation in
                                                 connection with Norwest
                                                 Asset Securities Corporation,
                                                 Mortgage Pass-Through
                                                 Certificates, Series 1998-14



<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


April 21, 1998

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




<PAGE>




                                INDEX TO EXHIBITS



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

   (99)                   Collateral Term Sheets                        E
                          prepared by Norwest
                          Asset Securities
                          Corporation in connection
                          with Norwest Asset
                          Securities Corporation, Mortgage
                          Pass-Through Certificates, Series 1998-14


                            NASCOR MORTGAGE LOAN POOL
                       10-YEAR THROUGH 15-YEAR FIXED RATE
                            NON-RELO & RELO MORTGAGES
                              NASCOR SERIES 1998-14
                                  POOL PROFILE



<TABLE>
<CAPTION>

                                                              Bid                          Tolerance
                                                              ---                          ---------

<S>                                                        <C>                              <C>  <C>   
 AGGREGATE PRINCIPAL BALANCE                               $250,000,000                     (+/- 5.00%)

 MORTGAGE LOAN CUTOFF DATE                                     1-May-98
 INTEREST RATE RANGE                                      6.00% - 9.00%
 GROSS WAC                                                        7.11%                   (+/- 10 Bps%)
 WEIGHTED AVERAGE SERVICE FEE                                    25 bps
 MASTER SERVICING FEE                                           1.7 bps
 WAM (in months)                                                    177                   (+/- 2 month)

 WALTV                                                              68%                   (maximum 73%)

 CALIFORNIA %                                                       34%                   (maximum 40%)
 SINGLE LARGEST ZIP CODE CONCENTRATION                               2%                   (maximum  4%)

 AVERAGE LOAN BALANCE                                          $324,000              (maximum $335,000)
 LARGEST INDIVIDUAL LOAN BALANCE                               $997,000              (maximum $1,300,000)

 CASH-OUT REFINANCE %                                               12%                  (maximum  17%)

 PRIMARY RESIDENCE %                                                96%                   (minimum 91%)

 SINGLE-FAMILY DETACHED %                                           95%                   (minimum 90%)

 FULL DOCUMENTATION %                                               91%                   (minimum 86%)

 UNINSURED > 80% LTV %                                               1%                    (maximum 6%)

 TEMPORARY BUYDOWNS                                                  0%                   (maximum  2%)

 RELOCATION %                                                        1%                    (minimum 0%)

 WEIGHTED AVG. FICO                                                 735                   (minimum 720)
</TABLE>


THE  INFORMATION  CONTAINED  HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT.


(1)  All dollar amounts are  approximate  and all  percentages  are expressed as
     approximate percentages of the Aggregate Principal Balance.



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