NORWEST ASSET SECURITIES CORP
8-K, 1998-11-19
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:  November 19, 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 7. Financial Statements and Exhibits

        (c) Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.                            Description
- -----------------                      -----------
(EX-23)                                Consent of PricewaterhouseCoopers LLP,
                                       independent Certified Public Accountants
                                       of Financial Security Assurance Inc. in
                                       connection with Norwest Asset Securities
                                       Corporation, Mortgage Pass-Through
                                       Certificates, Series 1998-32

<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


November 19, 1998

                                         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 PricewaterhouseCoopers LLP,       E
                          independent Certified Public
                          Accountants of Financial Security
                          Assurance Inc. in connection with
                          Norwest Asset Securities Corporation,
                          Mortgage Pass-Through Certificates,
                          Series 1998-32




[PRICEWATERHOUSECOOPERS LOGO]

PricewaterhouseCoopers LLP
1301 Avenue of the Americas
New York NY 10019-6013
Telephone (212) 259-1000
Facsimile (212) 259-1301



                       CONSENT OF INDEPENDENT ACCOUNTANTS

                               ------------------


We consent to the  incorporation  by reference in the  Prospectus  Supplement of
Norwest  Asset  Securities  Corporation  relating  to Norwest  Asset  Securities
Corporation  1998-32 Trust of our report dated January 26, 1998 on our audits of
the consolidated  financial  statements of Financial Security Assurance Inc. and
Subsidiaries  as of December 31, 1997 and 1996,  and for each of the three years
in the period ended  December 31, 1997.  We also consent to the reference to our
Firm under the caption "Experts".


                                        PricewaterhouseCoopers LLP
                                        ------------------------------
                                        PricewaterhouseCoopers LLP


November 18, 1998




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