NORWEST ASSET SECURITIES CORP
8-K, 1999-02-18
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, 1999
(Date of earliest event reported)

Commission File No. 333-65481



                      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 1999-7



<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 18, 1999

                                             By: /s/ Alan S. McKenney
                                                 -------------------------------
                                                 Alan S. McKenney
                                                 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 1999-7


                                [Letterhead of ]
                           PricewaterhouseCoopers LLP
                          1177 Avenue of the Americas
                               New York, NY 10036
                            Telephone (212) 596 8000
                            Facsimile (212) 596 8910



                       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  1999-7 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."


                                                  /s/ PricewaterhouseCoopers LLP
                                                 ------------------------------
                                                  PricewaterhouseCoopers LLP

February 17, 1999



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