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 14, 2000
(Date of earliest event reported)
Commission File No. 333-17801
Norwest Integrated Structured Assets, Inc.
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Delaware 52-2009776
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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) 846-8200
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5. Other Events
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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
Integrated Structured Assets, Inc. which are hereby filed pursuant to such
letter.
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ITEM 7. Financial Statements and Exhibits
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(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Collateral Term Sheets
prepared by Norwest Integrated
Structured Assets, Inc. in
connection with Norwest Integrated
Structured Assets, Inc. Mortgage
Asset-Backed Pass-Through
Certificates, Series 2000-1
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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 INTEGRATED STRUCTURED ASSETS, INC.
January 14, 2000
By: /s/ Alan S. McKenney
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Alan S. McKenney
Vice President
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INDEX TO EXHIBITS
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Paper (P) or
Exhibit No. Description Electronic (E)
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(99) Collateral Term Sheets E
prepared by Norwest Integrated
Structured Assets, Inc. in connection
with Norwest Integrated Structured
Assets, Inc. Mortgage Asset-Backed
Pass-Through Certificates, Series 2000-1
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NISTAR MORTGAGE LOAN POOL
10-YEAR THROUGH 30-YEAR FIXED RATE MORTGAGES
NISTAR SERIES 2000-1
POOL PROFILE (1)
RELO/NON-RELO
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PROPOSED BID
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TOTAL POOL 10-YEAR TO 15-YEAR 20-YEAR TO 30-YEAR TOTAL POOL TOLERANCE
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<S> <C> <C> <C> <C>
AGGREGATE PRINCIPAL BALANCE $198,000,000 $23,000,000 $175,000,000 (+/- 5.00%)
MORTGAGE LOAN CUTOFF DATE 1-Feb-00 1-Feb-00 1-Feb-00
INTEREST RATE RANGE 6.000% - 10.000% 6.500% - 9.125% 6.000% - 10.000%
GROSS WAC 8.26% 7.78% 8.32% (+/- 10 Bps)
WEIGHTED AVERAGE SERVICE FEE 25 bps 25 bps 25 bps
MASTER SERVICING FEE 1.7 bps 1.7 bps 1.7 bps
WAM (in months) 333 172 354 (+/-3 months)
WALTV 79% 72% 80% (maximum 82%)
CALIFORNIA % 18% 15% 18% (maximum 21%)
SINGLE LARGEST ZIP CODE CONCENTRATION 1% 2% 1% (maximum 3%)
AVERAGE LOAN BALANCE $139,698 $121,882 $142,039 (maximum $150,000)
LARGEST INDIVIDUAL LOAN BALANCE $700,000 $700,000 $700,000 (maximum $1,500,000)
CONFORMING BALANCE % 66% 65% 66% (minimum 60%)
CASH-OUT REFINANCE % 18% 39% 15% (maximum 21%)
PRIMARY RESIDENCE % 59% 46% 61% (minimum 56%)
INVESTOR PROPERTIES % 37% 45% 36% (maximum 40%)
SINGLE-FAMILY DETACHED % 66% 67% 66% (minimum 63%)
FULL DOCUMENTATION % 75% 68% 76% (minimum 72%)
UNINSURED (greater than) 80% LTV % 1% 2% 1% (maximum 3%)
TEMPORARY BUYDOWNS 0% 0% 0% (maximum 3%)
RELOCATION % 0% 0% 0% (minimum 0%)
NO RATIO % 21% 40% 18% (maximum 25%)
WEIGHTED AVERAGE FICO SCORE 709 716 708 (minimum 700)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. SUCH INFORMATION SUPERSEDES
THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS.
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(1) All dollar amounts are approximate and all percentages are expressed as
approximate percentages of the Aggregate Principal Balance.
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NISTAR MORTGAGE LOAN POOL
10-YEAR THROUGH 30-YEAR FIXED RATE MORTGAGES
NISTAR SERIES 2000-1
PRICING INFORMATION
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<S> <C> <C>
RATING AGENCIES* TBD
PASS THRU RATE 7.50%
PASS THRU RATE 7.75%
ASSUMED SIZE OF PRINCIPAL ONLY CLASS - 7.50% PT Rate 1.20%
ASSUMED SIZE OF PRINCIPAL ONLY CLASS - 7.75% PT Rate 2.17%
PRICING DATE TBD
FINAL STRUCTURE DUE DATE February 8, 2000
SETTLEMENT DATE February 28, 2000
ASSUMED SUB LEVELS AAA 7.250%
AA 3.600%
A 2.250%
BBB 1.250%
BB 0.700%
B 0.450%
NOTE: AAA CLASS WILL BE RATED BY TWO RATING AGENCIES.
AA THROUGH B CLASSES WILL BE RATED BY ONE RATING AGENCY.
* SHOULD MOODY'S PROVIDE A RATING ON THE TRANSACTION, PLEASE NOTE, THE RESIDUAL CLASS WILL NOT BE RATED.
NISTAR may structure the excess interest as fixed retained yield or servicing fee which would be
excluded from the trust for Series 2000-1. The principal only certficate created by
the discount mortgages will not be included in the bid on the pricing date.
NISTAR CONTACTS Wayne Creadick (301) 846-8452
Brad Davis (301) 846-8009
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