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: July 30, 1998
(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
(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
1998-22
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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
July 30, 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)
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(99) Collateral Term Sheets E
prepared by Norwest
Asset Securities
Corporation in connection
with Norwest Asset
Securities Corporation, Mortgage
Pass-Through Certificates, Series 1998-22
Exhibit No. 99
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NASCOR MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
RELOCATION MORTGAGES
NASCOR SERIES 1998-22
PRICING INFORMATION
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RATING AGENCIES TBD by Norwest
PASS THRU RATE 6.25%
ASSUMED SIZE OF PRINCIPAL ONLY CLASS 0.15%
PRICING DATE 30-Jul-98
FINAL STRUCTURE DUE DATE 10-Aug-98 9:00 AM
SETTLEMENT DATE 27-Aug-98
ASSUMED SUB LEVELS AAA 3.200%
AA 2.000%
A 0.750%
BBB 0.500%
BB 0.250%
B 0.150%
NASCOR may structure the excess interest as an interest only certificate,
or as fixed retained yield or servicing fee which will be excluded from the
trust for Series 1998-22. The principal only certficate created by the
discount mortgage loans will not be included in the bid on the pricing
date.
NASCOR CONTACTS Brad Davis (301) 846-8009
Lori Fountain (301) 846-8185
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