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Previous: HUGHES VALUE FUND, N-1A/A, 1998-07-08 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-3 TRUST, 8-K, 1998-07-08 |
UNITED STATES
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 (Date of earliest event reported): June 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4A and -4B Trust
New York (governing law of
333-21263-25
52-2079989
Pooling and Servicing Agreement)
(Commission
52-2079990
(State or other
File Number)
IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
21703
Frederick, Maryland
(Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On June 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4A
And -4B Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1
Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4A Trust,
relating to the June 25, 1998 distribution.
EX-99.2
Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4B Trust,
relating to the June 25, 1998 distribution.
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
Mortgage Pass-Through Certificates, Series 1998-4A and -4B Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 7/3/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1
Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4A Trust, relating to the June 25,
1998 distribution.
EX-99.2
Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4B Trust, relating to the June 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 5/29/1998
Distribution Date:
6/25/1998
NASCOR Series: 1998-4A
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate
Beginning
Class
Pass-Through Certificate
Interest
Principal
Class
CUSIP
Description Rate
Balance
Distribution
Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
A-2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
A-3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
A-4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
A-5 66937NXX1 SCH 7.00000% 47,103,193.64 274,768.63 1,006,549.98
A-6 66937NXY9 SCH 6.75000% 22,977,465.68 129,248.24 491,006.36
A-7 66937NXZ6 SCH 9.00000% 4,150,329.91 31,127.47 88,688.56
A-8 66937NYA0 SCH 6.80000% 12,788,563.30 72,468.53 273,279.31
A-9 66937NYB8 COMP 7.00000% 0.00 0.00 0.00
A-10 66937NYC6 COMP 7.00000% 0.00 0.00 0.00
A-11 66937NYD4 SEQ 7.00000% 339,814.71 1,982.25 -1,982.25
A-12 66937NYE2 SEQ 7.00000% 22,000,000.00 128,333.33 0.00
A-R 66937NYF9 R 7.00000% 100.00 0.58 0.00
A-LR 66937NYG7 LR 7.00000% 100.00 0.58 0.00
APO NMB984APO PO 0.00000% 143,241.80 0.00 142.41
M 66937NYH5 MEZ 7.00000% 2,493,492.38 14,545.37 1,956.42
B-1 66937NYJ1 SUB 7.00000% 2,691,895.01 15,702.72 2,112.09
B-2 66937NYK8 SUB 7.00000% 1,097,495.56 6,402.06 861.11
B-3 66937NZM3 SUB 7.00000% 837,478.45 4,885.29 657.09
B-4 66937NZN1 SUB 7.00000% 299,099.45 1,744.75 234.68
B-5 66937NZP6 SUB 7.00000% 558,791.37 3,259.62 379.28
Totals 185,761,061.26 1,082,769.42 1,863,885.04
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current
Ending
Cumulative
Realized
Certificate
Total
Realized
Class
Loss
Balance
Distribution
Losses
<S> <C> <C> <C> <C>
A-1 0.00 25,000,000.00 137,500.00 0.00
A-2 0.00 38,756,000.00 205,083.83 0.00
A-3 0.00 4,524,000.00 24,505.00 0.00
A-4 0.00 0.00 31,211.17 0.00
A-5 0.00 46,096,643.66 1,281,318.61 0.00
A-6 0.00 22,486,459.33 620,254.60 0.00
A-7 0.00 4,061,641.35 119,816.03 0.00
A-8 0.00 12,515,284.00 345,747.84 0.00
A-9 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00
A-11 0.00 341,796.97 0.00 0.00
A-12 0.00 22,000,000.00 128,333.33 0.00
A-R 0.00 100.00 0.58 0.00
A-LR 0.00 100.00 0.58 0.00
APO 0.00 143,099.39 142.41 0.00
M 0.00 2,491,535.96 16,501.79 0.00
B-1 0.00 2,689,782.92 17,814.81 0.00
B-2 0.00 1,096,634.46 7,263.17 0.00
B-3 0.00 836,821.35 5,542.38 0.00
B-4 0.00 298,864.77 1,979.43 0.00
B-5 59.15 558,352.94 3,638.90 275.70
Totals 59.15 183,897,117.10 2,946,654.46 275.70
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original
Beginning
Scheduled
Unscheduled
Face
Certificate
Principal
Principal
Realized
Class
Amount
Balance
Distribution
Distribution
Accretion
Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
A-2 38,756,000.00 38,756,000.00 0.00 0.00 0.00 0.00
A-3 4,524,000.00 4,524,000.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 48,075,000.00 47,103,193.64 75,524.84 931,025.14 0.00 0.00
A-6 23,834,000.00 22,977,465.68 36,841.86 454,164.49 0.00 0.00
A-7 4,343,000.00 4,150,329.91 6,654.60 82,033.96 0.00 0.00
A-8 13,645,000.00 12,788,563.30 20,505.07 252,774.24 0.00 0.00
A-9 7,512,000.00 0.00 0.00 0.00 0.00 0.00
A-10 3,876,000.00 0.00 0.00 0.00 0.00 0.00
A-11 332,000.00 339,814.71 0.00 0.00 -1,982.25 0.00
A-12 22,000,000.00 22,000,000.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 0.00 0.00 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
APO 143,813.67 143,241.80 133.16 9.26 0.00 0.00
M 2,501,000.00 2,493,492.38 1,956.42 0.00 0.00 0.00
B-1 2,700,000.00 2,691,895.01 2,112.09 0.00 0.00 0.00
B-2 1,100,800.00 1,097,495.56 861.11 0.00 0.00 0.00
B-3 840,000.00 837,478.45 657.09 0.00 0.00 0.00
B-4 300,000.00 299,099.45 234.68 0.00 0.00 0.00
B-5 560,473.83 558,791.37 379.28 0.00 0.00 59.15
Totals 200,043,287.50 185,761,061.26 145,860.20 1,720,007.09 (1,982.25) 59.15
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total
Ending
Ending
Total
Principal
Certificate
Certificate
Principal
Class
Reduction
Balance
Percentage
Distribution
<S> <C> <C> <C> <C>
A-1 0.00 25,000,000.00 1.00000000 0.00
A-2 0.00 38,756,000.00 1.00000000 0.00
A-3 0.00 4,524,000.00 1.00000000 0.00
A-4 0.00 0.00 0.00000000 0.00
A-5 1,006,549.98 46,096,643.66 0.95884854 1,006,549.98
A-6 491,006.36 22,486,459.33 0.94346141 491,006.36
A-7 88,688.56 4,061,641.35 0.93521560 88,688.56
A-8 273,279.31 12,515,284.00 0.91720660 273,279.31
A-9 0.00 0.00 0.00000000 0.00
A-10 0.00 0.00 0.00000000 0.00
A-11 (1,982.25) 341,796.97 1.02950895 (1,982.25)
A-12 0.00 22,000,000.00 1.00000000 0.00
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 142.41 143,099.39 0.99503330 142.41
M 1,956.42 2,491,535.96 0.99621590 1,956.42
B-1 2,112.09 2,689,782.92 0.99621590 2,112.09
B-2 861.11 1,096,634.46 0.99621590 861.11
B-3 657.09 836,821.35 0.99621589 657.09
B-4 234.68 298,864.77 0.99621590 234.68
B-5 438.43 558,352.94 0.99621590 379.28
Totals 1,863,944.19 183,897,117.10 0.91928662 1,863,885.04
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original
Beginning
Scheduled
Unscheduled
Face
Certificate
Principal
Principal
Class (2)
Amount
Balance
Distribution
Distribution
Accretion
<S> <C> <C> <C> <C> <C>
A-1 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 38,756,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 4,524,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-5 48,075,000.00 979.78561914 1.57097951 19.36609756 0.00000000
A-6 23,834,000.00 964.06250231 1.54576907 19.05531971 0.00000000
A-7 4,343,000.00 955.63663597 1.53225881 18.88877734 0.00000000
A-8 13,645,000.00 937.23439355 1.50275339 18.52504507 0.00000000
A-9 7,512,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-10 3,876,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-11 332,000.00 1023.53828313 0.00000000 0.00000000 -5.97063253
A-12 22,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
APO 143,813.67 996.02353518 0.92592032 0.06438887 0.00000000
M 2,501,000.00 996.99815274 0.78225510 0.00000000 0.00000000
B-1 2,700,000.00 996.99815185 0.78225556 0.00000000 0.00000000
B-2 1,100,800.00 996.99814680 0.78225836 0.00000000 0.00000000
B-3 840,000.00 996.99815476 0.78225000 0.00000000 0.00000000
B-4 300,000.00 996.99816667 0.78226667 0.00000000 0.00000000
B-5 560,473.83 996.99814709 0.67671313 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total
Ending
Ending
Total
Realized
Principal
Certificate
Certificate
Principal
Class
Loss (3)
Reduction
Balance
Percentage
Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-5 0.00000000 20.93707707 958.84854207 0.95884854 20.93707707
A-6 0.00000000 20.60108920 943.46141353 0.94346141 20.60108920
A-7 0.00000000 20.42103615 935.21559982 0.93521560 20.42103615
A-8 0.00000000 20.02779846 917.20659582 0.91720660 20.02779846
A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 -5.97063253 1,029.50894578 1.02950895 -5.97063253
A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
APO 0.00000000 0.99023966 995.03329551 0.99503330 0.99023966
M 0.00000000 0.78225510 996.21589764 0.99621590 0.78225510
B-1 0.00000000 0.78225556 996.21589630 0.99621590 0.78225556
B-2 0.00000000 0.78225836 996.21589753 0.99621590 0.78225836
B-3 0.00000000 0.78225000 996.21589286 0.99621589 0.78225000
B-4 0.00000000 0.78226667 996.21590000 0.99621590 0.78226667
B-5 0.10553570 0.78224883 996.21589825 0.99621590 0.67671313
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning
Payment of
Original
Current
Certificate/
Current
Unpaid
Current
Face
Certificate
Notional
Accrued
Interest
Interest
Class
Amount
Rate
Balance
Interest
Shortfall
Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 6.60000% 25,000,000.00 137,500.00 0.00 0.00
A-2 38,756,000.00 6.35000% 38,756,000.00 205,083.83 0.00 0.00
A-3 4,524,000.00 6.50000% 4,524,000.00 24,505.00 0.00 0.00
A-4 0.00 7.00000% 5,350,485.71 31,211.17 0.00 0.00
A-5 48,075,000.00 7.00000% 47,103,193.64 274,768.63 0.00 0.00
A-6 23,834,000.00 6.75000% 22,977,465.68 129,248.24 0.00 0.00
A-7 4,343,000.00 9.00000% 4,150,329.91 31,127.47 0.00 0.00
A-8 13,645,000.00 6.80000% 12,788,563.30 72,468.53 0.00 0.00
A-9 7,512,000.00 7.00000% 0.00 0.00 0.00 0.00
A-10 3,876,000.00 7.00000% 0.00 0.00 0.00 0.00
A-11 332,000.00 7.00000% 339,814.71 1,982.25 0.00 0.00
A-12 22,000,000.00 7.00000% 22,000,000.00 128,333.33 0.00 0.00
A-R 100.00 7.00000% 100.00 0.58 0.00 0.00
A-LR 100.00 7.00000% 100.00 0.58 0.00 0.00
APO 143,813.67 0.00000% 143,241.80 0.00 0.00 0.00
M 2,501,000.00 7.00000% 2,493,492.38 14,545.37 0.00 0.00
B-1 2,700,000.00 7.00000% 2,691,895.01 15,702.72 0.00 0.00
B-2 1,100,800.00 7.00000% 1,097,495.56 6,402.06 0.00 0.00
B-3 840,000.00 7.00000% 837,478.45 4,885.29 0.00 0.00
B-4 300,000.00 7.00000% 299,099.45 1,744.75 0.00 0.00
B-5 560,473.83 7.00000% 558,791.37 3,259.62 0.00 0.00
Totals 200,043,287.50 1,082,769.42 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining
Ending
Non-Supported
Total
Unpaid
Certificate/
Interest
Realized
Interest
Interest
Notional
Class
Shortfall
Losses (4)
Distribution
Shortfall
Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 137,500.00 0.00 25,000,000.00
A-2 0.00 0.00 205,083.83 0.00 38,756,000.00
A-3 0.00 0.00 24,505.00 0.00 4,524,000.00
A-4 0.00 0.00 31,211.17 0.00 5,350,485.71
A-5 0.00 0.00 274,768.63 0.00 46,096,643.66
A-6 0.00 0.00 129,248.24 0.00 22,486,459.33
A-7 0.00 0.00 31,127.47 0.00 4,061,641.35
A-8 0.00 0.00 72,468.53 0.00 12,515,284.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00
A-11 0.00 0.00 1,982.25 0.00 341,796.97
A-12 0.00 0.00 128,333.33 0.00 22,000,000.00
A-R 0.00 0.00 0.58 0.00 100.00
A-LR 0.00 0.00 0.58 0.00 100.00
APO 0.00 0.00 0.00 0.00 143,099.39
M 0.00 0.00 14,545.37 0.00 2,491,535.96
B-1 0.00 0.00 15,702.72 0.00 2,689,782.92
B-2 0.00 0.00 6,402.06 0.00 1,096,634.46
B-3 0.00 0.00 4,885.29 0.00 836,821.35
B-4 0.00 0.00 1,744.75 0.00 298,864.77
B-5 0.00 0.00 3,259.62 0.00 558,352.94
Totals 0.00 0.00 1,082,769.42 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning
Payment of
Original
Current
Certificate/
Current
Unpaid
Current
Face
Certificate
Notional
Accrued
Interest
Interest
Class (5)
Amount
Rate
Balance
Interest
Shortfall
Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 6.60000% 1000.00000000 5.50000000 0.00000000 0.00000000
A-2 38,756,000.00 6.35000% 1000.00000000 5.29166658 0.00000000 0.00000000
A-3 4,524,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-4 0.00 7.00000% 1000.00000000 5.83333396 0.00000000 0.00000000
A-5 48,075,000.00 7.00000% 979.78561914 5.71541612 0.00000000 0.00000000
A-6 23,834,000.00 6.75000% 964.06250231 5.42285139 0.00000000 0.00000000
A-7 4,343,000.00 9.00000% 955.63663597 7.16727377 0.00000000 0.00000000
A-8 13,645,000.00 6.80000% 937.23439355 5.31099524 0.00000000 0.00000000
A-9 7,512,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A-10 3,876,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A-11 332,000.00 7.00000% 1023.53828313 5.97063253 0.00000000 0.00000000
A-12 22,000,000.00 7.00000% 1000.00000000 5.83333318 0.00000000 0.00000000
A-R 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
A-LR 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
APO 143,813.67 0.00000% 996.02353518 0.00000000 0.00000000 0.00000000
M 2,501,000.00 7.00000% 996.99815274 5.81582167 0.00000000 0.00000000
B-1 2,700,000.00 7.00000% 996.99815185 5.81582222 0.00000000 0.00000000
B-2 1,100,800.00 7.00000% 996.99814680 5.81582485 0.00000000 0.00000000
B-3 840,000.00 7.00000% 996.99815476 5.81582143 0.00000000 0.00000000
B-4 300,000.00 7.00000% 996.99816667 5.81583333 0.00000000 0.00000000
B-5 560,473.83 7.00000% 996.99814709 5.81582908 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining
Ending
Non-Supported
Total
Unpaid
Certificate/
Interest
Realized
Interest
Interest
Notional
Class
Shortfall
Losses (6)
Distribution
Shortfall
Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 5.50000000 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.29166658 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.83333396 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.71541612 0.00000000 958.84854207
A-6 0.00000000 0.00000000 5.42285139 0.00000000 943.46141353
A-7 0.00000000 0.00000000 7.16727377 0.00000000 935.21559982
A-8 0.00000000 0.00000000 5.31099524 0.00000000 917.20659582
A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 0.00000000 5.97063253 0.00000000 1029.50894578
A-12 0.00000000 0.00000000 5.83333318 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 995.03329551
M 0.00000000 0.00000000 5.81582167 0.00000000 996.21589764
B-1 0.00000000 0.00000000 5.81582222 0.00000000 996.21589630
B-2 0.00000000 0.00000000 5.81582485 0.00000000 996.21589753
B-3 0.00000000 0.00000000 5.81582143 0.00000000 996.21589286
B-4 0.00000000 0.00000000 5.81583333 0.00000000 996.21590000
B-5 0.00000000 0.00000000 5.81582908 0.00000000 996.21589825
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component
Beginning
Ending
Beginning
Ending
Ending
Pass-Through
Notational
Notational
Component
Component
Component
Class
Rate
Balance
Balance
Balance
Balance
<S> <C> <C> <C> <C> <C> <C>
A-7 COMP A 9.00000% 0.00 0.00 1,278,387.71 1,251,069.80 91.72065982%
A-7 COMP B 9.00000% 0.00 0.00 2,871,942.19 2,810,571.55 94.34614132%
A-9 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A-9 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A-9 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A-10 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A-10 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A-10 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,137,294.15
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 3,137,294.15
Withdrawals
Reimbursement for Servicer Advances 106,812.06
Payment of Service Fee 39,395.46
Payment of Interest and Principal 2,946,654.45
Total Withdrawals (Pool Distribution Amount) 3,092,861.97
Ending Balance 44,432.18
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,779.99
Servicing Fee Support 1,779.99
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 38,698.73
Master Servicing Fee 2,476.72
Supported Prepayment/Curtailment Interest Shortfall 1,779.99
Net Servicing Fee 39,395.46
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current
Unpaid
Number
Principal
Number
Unpaid
Of Loans
Balance
Of Loans
Balance
<S> <C> <C> <C> <C>
30 Days 0 0.00 0.000000% 0.000000%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 0 0.00 0.000000% 0.000000%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 59.15
Cumulative Realized Losses - Includes Interest Shortfall 275.70
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 223,436.30
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Next
Original $ Original %
Current $
Current %
Class%
Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 8,002,273.83 4.00027111% 7,971,992.40 4.33502848% 95.661596% 100.000000%
Class M 5,501,273.83 2.75004170% 5,480,456.44 2.98017529% 1.355908% 0.000000%
Class B-1 2,801,273.83 1.40033383% 2,790,673.52 1.51751891% 1.463795% 0.000000%
Class B-2 1,700,473.83 0.85005293% 1,694,039.06 0.92118848% 0.596795% 0.000000%
Class B-3 860,473.83 0.43014382% 857,217.71 0.46613983% 0.455403% 0.000000%
Class B-4 560,473.83 0.28017627% 558,352.94 0.30362245% 0.162644% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.303859% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.04998918% 100,000.00 0.05437823%
Fraud 4,000,865.75 2.00000000% 4,000,865.75 2.17560004%
Special Hazard 2,649,646.28 1.32453646% 2,649,646.28 1.44083079%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.736448%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 352
Begin Scheduled Collateral Loan Count 646
Number Of Loans Paid In Full 6
End Scheduled Collateral Loan Count 640
Begining Scheduled Collateral Balance 185,761,061.26
Ending Scheduled Collateral Balance 183,897,117.09
Ending Actual Collateral Balance at 29-May-1998 184,605,388.37
Ending Scheduled Balance For Norwest 167,801,624.49
Ending Scheduled Balance For Other Services 16,095,492.60
Monthly P &I Constant 1,270,840.52
Class A Optimal Amount 2,893,771.56
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 174,942,861.76
Ending scheduled Balance For discounted Loans 8,954,255.33
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 151,074,857.80
Greater Than 80%, less than or equal to 85% 2,549,613.06
Greater than 85%, less than or equal to 95% 30,283,062.80
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 5/29/1998
Distribution Date:
6/25/1998
NASCOR Series: 1998-4B
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate
Beginning
Class
Pass-Through Certificate
Interest
Principal
Class
CUSIP
Description Rate
Balance
Distribution
Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NYL6 SEQ 6.52000% 93,483,131.33 507,925.01 1,384,236.29
A-2 66937NYM4 SEQ 8.00000% 17,200,319.53 114,668.80 254,690.94
A-3 66937NYN2 SEQ 6.75000% 70,270,298.61 395,270.43 852,713.76
A-4 66937NYP7 SEQ 6.75000% 24,377,000.00 137,120.62 0.00
A-5 66937NYQ5 SEQ 6.75000% 14,300,000.00 80,437.50 0.00
A-6 66937NYR8 SEQ 6.75000% 29,919,000.00 168,294.38 0.00
A-R 66937NXXX R 6.75000% 0.00 0.00 0.00
APO NMB984BPO PO 0.00000% 93,675.18 0.00 83.10
M 66937NYS1 MEZ 6.75000% 3,420,907.54 19,242.60 2,595.02
B-1 66937NYT9 SUB 6.75000% 3,830,698.56 21,547.68 2,905.88
B-2 66937NYU6 SUB 6.75000% 1,367,964.19 7,694.80 1,037.71
B-3 66937NZQ4 SUB 6.75000% 958,173.17 5,389.72 726.85
B-4 66937NZR2 SUB 6.75000% 546,388.03 3,073.43 414.48
B-5 66937NZS0 SUB 6.75000% 821,874.48 4,824.74 235.12
Totals 260,589,430.62 1,465,489.71 2,499,639.15
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current
Ending
Cumulative
Realized
Certificate
Total
Realized
Class
Loss
Balance
Distribution
Losses
<S> <C> <C> <C> <C>
A-1 0.00 92,098,895.05 1,892,161.30 0.00
A-2 0.00 16,945,628.59 369,359.74 0.00
A-3 0.00 69,417,584.84 1,247,984.19 0.00
A-4 0.00 24,377,000.00 137,120.62 0.00
A-5 0.00 14,300,000.00 80,437.50 0.00
A-6 0.00 29,919,000.00 168,294.38 0.00
A-R 0.00 0.00 0.00 0.00
APO 0.00 93,592.09 83.10 0.00
M 0.00 3,418,312.52 21,837.62 0.00
B-1 0.00 3,827,792.68 24,453.56 0.00
B-2 0.00 1,366,926.49 8,732.51 0.00
B-3 0.00 957,446.32 6,116.57 0.00
B-4 0.00 545,973.56 3,487.91 0.00
B-5 388.34 821,251.03 5,059.86 1,848.17
Totals 388.34 258,089,403.17 3,965,128.86 1,848.17
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original
Beginning
Scheduled
Unscheduled
Face
Certificate
Principal
Principal
Realized
Class
Amount
Balance
Distribution
Distribution
Accretion
Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 101,161,000.00 93,483,131.33 105,167.49 1,279,068.80 0.00 0.00
A-2 18,613,000.00 17,200,319.53 19,350.17 235,340.77 0.00 0.00
A-3 75,000,000.00 70,270,298.61 64,785.01 787,928.75 0.00 0.00
A-4 24,377,000.00 24,377,000.00 0.00 0.00 0.00 0.00
A-5 14,300,000.00 14,300,000.00 0.00 0.00 0.00 0.00
A-6 29,919,000.00 29,919,000.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00 0.00
APO 94,016.24 93,675.18 82.36 0.74 0.00 0.00
M 3,431,000.00 3,420,907.54 2,595.02 0.00 0.00 0.00
B-1 3,842,000.00 3,830,698.56 2,905.88 0.00 0.00 0.00
B-2 1,372,000.00 1,367,964.19 1,037.71 0.00 0.00 0.00
B-3 961,000.00 958,173.17 726.85 0.00 0.00 0.00
B-4 548,000.00 546,388.03 414.48 0.00 0.00 0.00
B-5 824,299.20 821,874.48 235.12 0.00 0.00 388.34
Totals 274,442,315.44 260,589,430.62 197,300.09 2,302,339.06 0.00 388.34
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total
Ending
Ending
Total
Principal
Certificate
Certificate
Principal
Class
Reduction
Balance
Percentage
Distribution
<S> <C> <C> <C> <C>
A-1 1,384,236.29 92,098,895.05 0.91041899 1,384,236.29
A-2 254,690.94 16,945,628.59 0.91041899 254,690.94
A-3 852,713.76 69,417,584.84 0.92556780 852,713.76
A-4 0.00 24,377,000.00 1.00000000 0.00
A-5 0.00 14,300,000.00 1.00000000 0.00
A-6 0.00 29,919,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
APO 83.10 93,592.09 0.99548855 83.10
M 2,595.02 3,418,312.52 0.99630210 2,595.02
B-1 2,905.88 3,827,792.68 0.99630210 2,905.88
B-2 1,037.71 1,366,926.49 0.99630211 1,037.71
B-3 726.85 957,446.32 0.99630210 726.85
B-4 414.48 545,973.56 0.99630212 414.48
B-5 623.46 821,251.03 0.99630211 235.12
Totals 2,500,027.49 258,089,403.17 0.94041403 2,499,639.15
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original
Beginning
Scheduled
Unscheduled
Face
Certificate
Principal
Principal
Class (2)
Amount
Balance
Distribution
Distribution
Accretion
<S> <C> <C> <C> <C> <C>
A-1 101,161,000.00 924.10248347 1.03960508 12.64389241 0.00000000
A-2 18,613,000.00 924.10248375 1.03960511 12.64389244 0.00000000
A-3 75,000,000.00 936.93731480 0.86380013 10.50571667 0.00000000
A-4 24,377,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 14,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 29,919,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
APO 94,016.24 996.37232887 0.87601887 0.00787098 0.00000000
M 3,431,000.00 997.05844943 0.75634509 0.00000000 0.00000000
B-1 3,842,000.00 997.05844872 0.75634565 0.00000000 0.00000000
B-2 1,372,000.00 997.05844752 0.75634840 0.00000000 0.00000000
B-3 961,000.00 997.05844953 0.75634755 0.00000000 0.00000000
B-4 548,000.00 997.05844891 0.75635036 0.00000000 0.00000000
B-5 824,299.20 997.05844674 0.28523623 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total
Ending
Ending
Total
Realized
Principal
Certificate
Certificate
Principal
Class
Loss (3)
Reduction
Balance
Percentage
Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 13.68349749 910.41898607 0.91041899 13.68349749
A-2 0.00000000 13.68349756 910.41898619 0.91041899 13.68349756
A-3 0.00000000 11.36951680 925.56779787 0.92556780 11.36951680
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
APO 0.00000000 0.88388985 995.48854538 0.99548855 0.88388985
M 0.00000000 0.75634509 996.30210434 0.99630210 0.75634509
B-1 0.00000000 0.75634565 996.30210307 0.99630210 0.75634565
B-2 0.00000000 0.75634840 996.30210641 0.99630211 0.75634840
B-3 0.00000000 0.75634755 996.30210198 0.99630210 0.75634755
B-4 0.00000000 0.75635036 996.30211679 0.99630212 0.75635036
B-5 0.47111534 0.75635158 996.30210729 0.99630211 0.28523623
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning
Payment of
Original
Current
Certificate/
Current
Unpaid
Current
Face
Certificate
Notional
Accrued
Interest
Interest
Class
Amount
Rate
Balance
Interest
Shortfall
Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 101,161,000.00 6.52000% 93,483,131.33 507,925.01 0.00 0.00
A-2 18,613,000.00 8.00000% 17,200,319.53 114,668.80 0.00 0.00
A-3 75,000,000.00 6.75000% 70,270,298.61 395,270.43 0.00 0.00
A-4 24,377,000.00 6.75000% 24,377,000.00 137,120.62 0.00 0.00
A-5 14,300,000.00 6.75000% 14,300,000.00 80,437.50 0.00 0.00
A-6 29,919,000.00 6.75000% 29,919,000.00 168,294.38 0.00 0.00
A-R 0.00 6.75000% 0.00 0.00 0.00 0.00
APO 94,016.24 0.00000% 93,675.18 0.00 0.00 0.00
M 3,431,000.00 6.75000% 3,420,907.54 19,242.60 0.00 0.00
B-1 3,842,000.00 6.75000% 3,830,698.56 21,547.68 0.00 0.00
B-2 1,372,000.00 6.75000% 1,367,964.19 7,694.80 0.00 0.00
B-3 961,000.00 6.75000% 958,173.17 5,389.72 0.00 0.00
B-4 548,000.00 6.75000% 546,388.03 3,073.43 0.00 0.00
B-5 824,299.20 6.75000% 821,874.48 4,623.04 201.70 0.00
Totals 274,442,315.44 1,465,288.01 201.70 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining
Ending
Non-Supported
Total
Unpaid
Certificate/
Interest
Realized
Interest
Interest
Notional
Class
Shortfall
Losses (4)
Distribution
Shortfall
Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 507,925.01 0.00 92,098,895.05
A-2 0.00 0.00 114,668.80 0.00 16,945,628.59
A-3 0.00 0.00 395,270.43 0.00 69,417,584.84
A-4 0.00 0.00 137,120.62 0.00 24,377,000.00
A-5 0.00 0.00 80,437.50 0.00 14,300,000.00
A-6 0.00 0.00 168,294.38 0.00 29,919,000.00
A-R 0.00 0.00 0.00 0.00 0.00
APO 0.00 0.00 0.00 0.00 93,592.09
M 0.00 0.00 19,242.60 0.00 3,418,312.52
B-1 0.00 0.00 21,547.68 0.00 3,827,792.68
B-2 0.00 0.00 7,694.80 0.00 1,366,926.49
B-3 0.00 0.00 5,389.72 0.00 957,446.32
B-4 0.00 0.00 3,073.43 0.00 545,973.56
B-5 0.00 0.00 4,824.74 0.00 821,251.03
Totals 0.00 0.00 1,465,489.71 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning
Payment of
Original
Current
Certificate/
Current
Unpaid
Current
Face
Certificate
Notional
Accrued
Interest
Interest
Class (5)
Amount
Rate
Balance
Interest
Shortfall
Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 101,161,000.00 6.52000% 924.10248347 5.02095679 0.00000000 0.00000000
A-2 18,613,000.00 8.00000% 924.10248375 6.16068339 0.00000000 0.00000000
A-3 75,000,000.00 6.75000% 936.93731480 5.27027240 0.00000000 0.00000000
A-4 24,377,000.00 6.75000% 1000.00000000 5.62499979 0.00000000 0.00000000
A-5 14,300,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-6 29,919,000.00 6.75000% 1000.00000000 5.62500017 0.00000000 0.00000000
A-R 0.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
APO 94,016.24 0.00000% 996.37232887 0.00000000 0.00000000 0.00000000
M 3,431,000.00 6.75000% 997.05844943 5.60845235 0.00000000 0.00000000
B-1 3,842,000.00 6.75000% 997.05844872 5.60845393 0.00000000 0.00000000
B-2 1,372,000.00 6.75000% 997.05844752 5.60845481 0.00000000 0.00000000
B-3 961,000.00 6.75000% 997.05844953 5.60844953 0.00000000 0.00000000
B-4 548,000.00 6.75000% 997.05844891 5.60844891 0.00000000 0.00000000
B-5 824,299.20 6.75000% 997.05844674 5.60844897 0.24469270 0.00000000
<FN>
(5) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining
Ending
Non-Supported
Total
Unpaid
Certificate/
Interest
Realized
Interest
Interest
Notional
Class
Shortfall
Losses (6)
Distribution
Shortfall
Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 5.02095679 0.00000000 910.41898607
A-2 0.00000000 0.00000000 6.16068339 0.00000000 910.41898619
A-3 0.00000000 0.00000000 5.27027240 0.00000000 925.56779787
A-4 0.00000000 0.00000000 5.62499979 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.62500017 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 995.48854538
M 0.00000000 0.00000000 5.60845235 0.00000000 996.30210434
B-1 0.00000000 0.00000000 5.60845393 0.00000000 996.30210307
B-2 0.00000000 0.00000000 5.60845481 0.00000000 996.30210641
B-3 0.00000000 0.00000000 5.60844953 0.00000000 996.30210198
B-4 0.00000000 0.00000000 5.60844891 0.00000000 996.30211679
B-5 0.00000000 0.00000000 5.85314167 0.00000000 996.30210729
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,163,051.23
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 4,163,051.23
Withdrawals
Reimbursement for Servicer Advances 104,478.45
Payment of Service Fee 56,986.39
Payment of Interest and Principal 3,965,128.86
Total Withdrawals (Pool Distribution Amount) 4,126,593.70
Ending Balance 36,457.53
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 776.93
Servicing Fee Support 776.93
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 54,288.84
Master Servicing Fee 3,474.48
Supported Prepayment/Curtailment Interest Shortfall 776.93
Net Servicing Fee 56,986.39
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current
Unpaid
Number
Principal
Number
Unpaid
Of Loans
Balance
Of Loans
Balance
<S> <C> <C> <C> <C>
30 Days 4 1,226,230.03 0.466200% 0.475118%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 281,091.22 0.116550% 0.108912%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 5 1,507,321.25 0.582751% 0.584031%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 388.34
Cumulative Realized Losses - Includes Interest Shortfall 1,848.17
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 470,064.50
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Next
Original $ Original %
Current $
Current %
Class%
Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 10,978,299.20 4.00022102% 10,937,702.60 4.23795106% 95.760512% 100.000000%
Class M 7,547,299.20 2.75004938% 7,519,390.08 2.91348269% 1.324949% 0.000000%
Class B-1 3,705,299.20 1.35011949% 3,691,597.40 1.43035605% 1.483665% 0.000000%
Class B-2 2,333,299.20 0.85019659% 2,324,670.91 0.90072311% 0.529825% 0.000000%
Class B-3 1,372,299.20 0.50003193% 1,367,224.59 0.52974844% 0.371109% 0.000000%
Class B-4 824,299.20 0.30035427% 821,251.03 0.31820409% 0.211621% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.318320% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.03643753% 100,000.00 0.03874626%
Fraud 5,488,846.31 2.00000000% 5,488,846.31 2.12672285%
Special Hazard 3,001,508.88 1.09367569% 3,001,508.88 1.16297254%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.669145%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 353
Begin Scheduled Collateral Loan Count 866
Number Of Loans Paid In Full 8
End Scheduled Collateral Loan Count 858
Begining Scheduled Collateral Balance 260,589,430.63
Ending Scheduled Collateral Balance 258,089,403.16
Ending Actual Collateral Balance at 29-May-1998 258,837,366.70
Ending Scheduled Balance For Norwest 191,823,223.96
Ending Scheduled Balance For Other Services 66,266,179.20
Monthly P &I Constant 1,722,345.09
Class A Optimal Amount 3,895,357.73
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 252,331,695.64
Ending scheduled Balance For discounted Loans 5,757,707.52
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 214,717,497.18
Greater Than 80%, less than or equal to 85% 5,137,520.85
Greater than 85%, less than or equal to 95% 38,280,440.57
Greater than 95% 0.00
</TABLE>
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