NORWEST ASSET SECURITIES CORP
8-K, 1999-01-20
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: January 20, 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 1999-2


<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


January 20, 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 1999-2




PRICEWATERHOUSECOOPERS Letterhead
- --------------------------------------------------------------------------------

PRICEWATERHOUSECOOPERS LLP
1177 Avenue of the Americas
New York NY 10036
Telephone (212) 596-8000
Telephone (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  1999-2 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



January 19, 1999



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