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): May 26, 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, 52-2079990
Pooling and Servicing Agreement) (Commission (I.R.S. Employer
(State or other File Number) Identification No.)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland 21703
(Address of principal executive offices) (Zip Code)
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 May 26, 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 May 26, 1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1998-4B Trust, relating to
the May 26, 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: 6/3/1998
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 May 26,
1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4B Trust, relating to the May 26,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 4/30/1998
Distribution Date: 5/26/1998
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% 47,512,065.02 277,153.71 408,871.38
A-6 66937NXY9 SCH 6.75000% 23,539,935.16 132,412.14 562,469.47
A-7 66937NXZ6 SCH 9.00000% 4,266,477.41 31,998.58 116,147.50
A-8 66937NYA0 SCH 6.80000% 13,247,178.49 75,067.34 458,615.19
A-9 66937NYB8 COMP 7.00000% 1,574,535.39 9,184.79 1,574,535.39
A-10 66937NYC6 COMP 7.00000% 0.00 0.00 0.00
A-11 66937NYD4 SEQ 7.00000% 337,843.96 1,970.76 -1,970.76
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 7.99 0.00
APO NMB984APO PO 0.00000% 143,385.24 0.00 143.44
M 66937NYH5 MEZ 7.00000% 2,495,417.36 14,556.60 1,924.98
B-1 66937NYJ1 SUB 7.00000% 2,693,973.15 15,714.84 2,078.15
B-2 66937NYK8 SUB 7.00000% 1,098,342.83 6,407.00 847.27
B-3 66937NZM3 SUB 7.00000% 838,124.98 4,889.06 646.53
B-4 66937NZN1 SUB 7.00000% 299,330.35 1,746.09 230.91
B-5 66937NZP6 SUB 7.00000% 559,222.76 3,262.13 431.39
Totals 188,886,032.10 1,101,004.94 3,124,970.84
</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 47,103,193.64 686,025.09 0.00
A-6 0.00 22,977,465.68 694,881.61 0.00
A-7 0.00 4,150,329.91 148,146.08 0.00
A-8 0.00 12,788,563.30 533,682.53 0.00
A-9 0.00 0.00 1,583,720.18 0.00
A-10 0.00 0.00 0.00 0.00
A-11 0.00 339,814.71 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 7.99 0.00
APO 0.00 143,241.80 143.44 0.00
M 0.00 2,493,492.38 16,481.58 0.00
B-1 0.00 2,691,895.01 17,792.99 0.00
B-2 0.00 1,097,495.56 7,254.27 0.00
B-3 0.00 837,478.45 5,535.59 0.00
B-4 0.00 299,099.45 1,977.00 0.00
B-5 0.00 558,791.37 3,693.52 216.55
Totals 0.00 185,761,061.26 4,225,975.78 216.55
<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 47,512,065.02 18,280.95 390,590.43 0.00 0.00
A-6 23,834,000.00 23,539,935.16 25,148.43 537,321.04 0.00 0.00
A-7 4,343,000.00 4,266,477.41 5,193.04 110,954.46 0.00 0.00
A-8 13,645,000.00 13,247,178.49 20,505.03 438,110.16 0.00 0.00
A-9 7,512,000.00 1,574,535.39 70,809.32 1,512,910.87 -9,184.79 0.00
A-10 3,876,000.00 0.00 0.00 0.00 0.00 0.00
A-11 332,000.00 337,843.96 0.00 0.00 -1,970.76 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 143,813.67 143,385.24 132.35 11.08 0.00 0.00
M 2,501,000.00 2,495,417.36 1,924.98 0.00 0.00 0.00
B-1 2,700,000.00 2,693,973.15 2,078.15 0.00 0.00 0.00
B-2 1,100,800.00 1,098,342.83 847.27 0.00 0.00 0.00
B-3 840,000.00 838,124.98 646.53 0.00 0.00 0.00
B-4 300,000.00 299,330.35 230.91 0.00 0.00 0.00
B-5 560,473.83 559,222.76 431.39 0.00 0.00 0.00
Totals 200,043,287.50 188,886,032.10 146,228.35 2,989,898.04 (11,155.55) 0.00
<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-5 408,871.38 47,103,193.64 0.97978562 408,871.38
A-6 562,469.47 22,977,465.68 0.96406250 562,469.47
A-7 116,147.50 4,150,329.91 0.95563664 116,147.50
A-8 458,615.19 12,788,563.30 0.93723439 458,615.19
A-9 1,574,535.39 0.00 0.00000000 1,574,535.39
A-10 0.00 0.00 0.00000000 0.00
A-11 (1,970.76) 339,814.71 1.02353828 (1,970.76)
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 143.44 143,241.80 0.99602354 143.44
M 1,924.98 2,493,492.38 0.99699815 1,924.98
B-1 2,078.15 2,691,895.01 0.99699815 2,078.15
B-2 847.27 1,097,495.56 0.99699815 847.27
B-3 646.53 837,478.45 0.99699815 646.53
B-4 230.91 299,099.45 0.99699817 230.91
B-5 431.39 558,791.37 0.99699815 431.39
Totals 3,124,970.84 185,761,061.26 0.92860432 3,124,970.84
</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 48,075,000.00 988.29048404 0.38025897 8.12460593 0.00000000
A-6 23,834,000.00 987.66196022 1.05514937 22.54430813 0.00000000
A-7 4,343,000.00 982.38024637 1.19572646 25.54788395 0.00000000
A-8 13,645,000.00 970.84488750 1.50275046 32.10774350 0.00000000
A-9 7,512,000.00 209.60268770 9.42616081 201.39921060 -1.22268237
A-10 3,876,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-11 332,000.00 1017.60228916 0.00000000 0.00000000 -5.93602410
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 143,813.67 997.02093688 0.92028804 0.07704414 0.00000000
M 2,501,000.00 997.76783687 0.76968413 0.00000000 0.00000000
B-1 2,700,000.00 997.76783333 0.76968519 0.00000000 0.00000000
B-2 1,100,800.00 997.76783249 0.76968568 0.00000000 0.00000000
B-3 840,000.00 997.76783333 0.76967857 0.00000000 0.00000000
B-4 300,000.00 997.76783333 0.76970000 0.00000000 0.00000000
B-5 560,473.83 997.76783512 0.76968803 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 8.50486490 979.78561914 0.97978562 8.50486490
A-6 0.00000000 23.59945750 964.06250231 0.96406250 23.59945750
A-7 0.00000000 26.74361041 955.63663597 0.95563664 26.74361041
A-8 0.00000000 33.61049395 937.23439355 0.93723439 33.61049395
A-9 0.00000000 209.60268770 0.00000000 0.00000000 209.60268770
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 -5.93602410 1,023.53828313 1.02353828 -5.93602410
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 0.99740171 996.02353518 0.99602354 0.99740171
M 0.00000000 0.76968413 996.99815274 0.99699815 0.76968413
B-1 0.00000000 0.76968519 996.99815185 0.99699815 0.76968519
B-2 0.00000000 0.76968568 996.99814680 0.99699815 0.76968568
B-3 0.00000000 0.76967857 996.99815476 0.99699815 0.76967857
B-4 0.00000000 0.76970000 996.99816667 0.99699817 0.76970000
B-5 0.00000000 0.76968803 996.99814709 0.99699815 0.76968803
<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% 47,512,065.02 277,153.71 0.00 0.00
A-6 23,834,000.00 6.75000% 23,539,935.16 132,412.14 0.00 0.00
A-7 4,343,000.00 9.00000% 4,266,477.41 31,998.58 0.00 0.00
A-8 13,645,000.00 6.80000% 13,247,178.49 75,067.34 0.00 0.00
A-9 7,512,000.00 7.00000% 1,574,535.39 9,184.79 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% 337,843.96 1,970.76 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% 143,385.24 0.00 0.00 0.00
M 2,501,000.00 7.00000% 2,495,417.36 14,556.60 0.00 0.00
B-1 2,700,000.00 7.00000% 2,693,973.15 15,714.84 0.00 0.00
B-2 1,100,800.00 7.00000% 1,098,342.83 6,407.00 0.00 0.00
B-3 840,000.00 7.00000% 838,124.98 4,889.06 0.00 0.00
B-4 300,000.00 7.00000% 299,330.35 1,746.09 0.00 0.00
B-5 560,473.83 7.00000% 559,222.76 3,262.13 0.00 0.00
Totals 200,043,287.50 1,100,997.53 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 0.00 277,153.71 0.00 47,103,193.64
A-6 0.00 0.00 132,412.14 0.00 22,977,465.68
A-7 0.00 0.00 31,998.58 0.00 4,150,329.91
A-8 0.00 0.00 75,067.34 0.00 12,788,563.30
A-9 0.00 0.00 9,184.79 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00
A-11 0.00 0.00 1,970.76 0.00 339,814.71
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 7.99 0.00 100.00
APO 0.00 0.00 0.00 0.00 143,241.80
M 0.00 0.00 14,556.60 0.00 2,493,492.38
B-1 0.00 0.00 15,714.84 0.00 2,691,895.01
B-2 0.00 0.00 6,407.00 0.00 1,097,495.56
B-3 0.00 0.00 4,889.06 0.00 837,478.45
B-4 0.00 0.00 1,746.09 0.00 299,099.45
B-5 0.00 0.00 3,262.13 0.00 558,791.37
Totals 0.00 0.00 1,101,004.94 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% 988.29048404 5.76502777 0.00000000 0.00000000
A-6 23,834,000.00 6.75000% 987.66196022 5.55559872 0.00000000 0.00000000
A-7 4,343,000.00 9.00000% 982.38024637 7.36785172 0.00000000 0.00000000
A-8 13,645,000.00 6.80000% 970.84488750 5.50145401 0.00000000 0.00000000
A-9 7,512,000.00 7.00000% 209.60268770 1.22268237 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% 1017.60228916 5.93602410 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% 997.02093688 0.00000000 0.00000000 0.00000000
M 2,501,000.00 7.00000% 997.76783687 5.82031188 0.00000000 0.00000000
B-1 2,700,000.00 7.00000% 997.76783333 5.82031111 0.00000000 0.00000000
B-2 1,100,800.00 7.00000% 997.76783249 5.82031250 0.00000000 0.00000000
B-3 840,000.00 7.00000% 997.76783333 5.82030952 0.00000000 0.00000000
B-4 300,000.00 7.00000% 997.76783333 5.82030000 0.00000000 0.00000000
B-5 560,473.83 7.00000% 997.76783512 5.82030744 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 5.76502777 0.00000000 979.78561914
A-6 0.00000000 0.00000000 5.55559872 0.00000000 964.06250231
A-7 0.00000000 0.00000000 7.36785172 0.00000000 955.63663597
A-8 0.00000000 0.00000000 5.50145401 0.00000000 937.23439355
A-9 0.00000000 0.00000000 1.22268237 0.00000000 0.00000000
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 0.00000000 5.93602410 0.00000000 1023.53828313
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 79.90000000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 996.02353518
M 0.00000000 0.00000000 5.82031188 0.00000000 996.99815274
B-1 0.00000000 0.00000000 5.82031111 0.00000000 996.99815185
B-2 0.00000000 0.00000000 5.82031250 0.00000000 996.99814680
B-3 0.00000000 0.00000000 5.82030952 0.00000000 996.99815476
B-4 0.00000000 0.00000000 5.82030000 0.00000000 996.99816667
B-5 0.00000000 0.00000000 5.82030744 0.00000000 996.99814709
<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 1,324,232.43 1,278,387.71 93.72343915%
A-7 COMP B 9.00000% 0.00 0.00 2,942,244.98 2,871,942.19 96.40625008%
A-9 GROUP 1 7.00000% 0.00 0.00 1,280,312.90 0.00 0.00000000%
A-9 GROUP 2 7.00000% 0.00 0.00 294,222.50 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 50,287.76
Deposits
Payments of Interest and Principal 4,109,470.76
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 106,812.06
Realized Losses 0.00
Total Deposits 4,216,282.82
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 40,594.75
Payment of Interest and Principal 4,225,975.80
Total Withdrawals (Pool Distribution Amount) 4,266,570.55
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,275.08
Servicing Fee Support 1,275.08
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 39,351.35
Master Servicing Fee 2,518.49
Supported Prepayment/Curtailment Interest Shortfall 1,275.08
Net Servicing Fee 40,594.75
</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 0.00
Cumulative Realized Losses - Includes Interest Shortfall 216.55
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 339,357.10
</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% 7,978,252.22 4.29490022% 95.701785% 100.000000%
Class M 5,501,273.83 2.75004170% 5,484,759.84 2.95258856% 1.343348% 0.000000%
Class B-1 2,801,273.83 1.40033383% 2,792,864.83 1.50347162% 1.450235% 0.000000%
Class B-2 1,700,473.83 0.85005293% 1,695,369.27 0.91266127% 0.591266% 0.000000%
Class B-3 860,473.83 0.43014382% 857,890.82 0.46182489% 0.451184% 0.000000%
Class B-4 560,473.83 0.28017627% 558,791.37 0.30081190% 0.161137% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.301044% 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 0.05383260%
Fraud 4,000,865.75 2.00000000% 4,000,865.75 2.15376986%
Special Hazard 2,649,646.28 1.32453646% 2,649,646.28 1.42637335%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
<S> <C>
Weighted Average Gross Coupon 7.740624%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 353
Begin Scheduled Collateral Loan Count 653
Number Of Loans Paid In Full 7
End Scheduled Collateral Loan Count 646
Begining Scheduled Collateral Balance 188,886,032.10
Ending Scheduled Collateral Balance 185,761,061.26
Ending Actual Collateral Balance at 30-Apr-1998 187,805,978.65
Ending Scheduled Balance For Norwest 169,652,830.38
Ending Scheduled Balance For Other Services 16,108,230.88
Monthly P &I Constant 1,290,700.94
Class A Optimal Amount 4,173,089.99
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 176,797,988.78
Ending scheduled Balance For discounted Loans 8,963,072.48
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 152,378,763.48
Greater Than 80%, less than or equal to 85% 2,551,706.58
Greater than 85%, less than or equal to 95% 30,860,534.78
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 4/30/1998
Distribution Date: 5/26/1998
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% 94,860,696.91 515,409.79 1,377,565.58
A-2 66937NYM4 SEQ 8.00000% 17,453,783.09 116,358.55 253,463.57
A-3 66937NYN2 SEQ 6.75000% 71,118,903.10 400,043.83 848,604.49
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% 93,767.63 0.00 92.45
M 66937NYS1 MEZ 6.75000% 3,423,478.95 19,257.07 2,571.41
B-1 66937NYT9 SUB 6.75000% 3,833,578.00 21,563.88 2,879.44
B-2 66937NYU6 SUB 6.75000% 1,368,992.46 7,700.58 1,028.26
B-3 66937NZQ4 SUB 6.75000% 958,893.40 5,393.78 720.23
B-4 66937NZR2 SUB 6.75000% 546,798.74 3,075.74 410.71
B-5 66937NZS0 SUB 6.75000% 822,492.26 4,424.81 0.00
Totals 263,077,384.54 1,479,080.53 2,487,336.14
</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 93,483,131.33 1,892,975.37 0.00
A-2 0.00 17,200,319.53 369,822.12 0.00
A-3 0.00 70,270,298.61 1,248,648.32 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 93,675.18 92.45 0.00
M 0.00 3,420,907.54 21,828.48 0.00
B-1 0.00 3,830,698.56 24,443.32 0.00
B-2 0.00 1,367,964.19 8,728.84 0.00
B-3 0.00 958,173.17 6,114.01 0.00
B-4 0.00 546,388.03 3,486.45 0.00
B-5 617.78 821,874.48 4,424.81 1,459.83
Totals 617.78 260,589,430.62 3,966,416.67 1,459.83
<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 94,860,696.91 105,166.87 1,272,398.70 0.00 0.00
A-2 18,613,000.00 17,453,783.09 19,350.06 234,113.51 0.00 0.00
A-3 75,000,000.00 71,118,903.10 64,784.63 783,819.86 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 93,767.63 81.83 10.62 0.00 0.00
M 3,431,000.00 3,423,478.95 2,571.41 0.00 0.00 0.00
B-1 3,842,000.00 3,833,578.00 2,879.44 0.00 0.00 0.00
B-2 1,372,000.00 1,368,992.46 1,028.26 0.00 0.00 0.00
B-3 961,000.00 958,893.40 720.23 0.00 0.00 0.00
B-4 548,000.00 546,798.74 410.71 0.00 0.00 0.00
B-5 824,299.20 822,492.26 0.00 0.00 0.00 617.78
Totals 274,442,315.44 263,077,384.54 196,993.44 2,290,342.69 0.00 617.78
<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 1,377,565.58 93,483,131.33 0.92410248 1,377,565.58
A-2 253,463.57 17,200,319.53 0.92410248 253,463.57
A-3 848,604.49 70,270,298.61 0.93693731 848,604.49
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 92.45 93,675.18 0.99637233 92.45
M 2,571.41 3,420,907.54 0.99705845 2,571.41
B-1 2,879.44 3,830,698.56 0.99705845 2,879.44
B-2 1,028.26 1,367,964.19 0.99705845 1,028.26
B-3 720.23 958,173.17 0.99705845 720.23
B-4 410.71 546,388.03 0.99705845 410.71
B-5 617.78 821,874.48 0.99705845 0.00
Totals 2,487,953.92 260,589,430.62 0.94952351 2,487,336.14
</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-1 101,161,000.00 937.72003944 1.03959896 12.57795692 0.00000000
A-2 18,613,000.00 937.72003922 1.03959920 12.57795680 0.00000000
A-3 75,000,000.00 948.25204133 0.86379507 10.45093147 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 94,016.24 997.35566962 0.87038154 0.11295921 0.00000000
M 3,431,000.00 997.80791314 0.74946371 0.00000000 0.00000000
B-1 3,842,000.00 997.80791255 0.74946382 0.00000000 0.00000000
B-2 1,372,000.00 997.80791545 0.74946064 0.00000000 0.00000000
B-3 961,000.00 997.80790843 0.74945890 0.00000000 0.00000000
B-4 548,000.00 997.80791971 0.74947080 0.00000000 0.00000000
B-5 824,299.20 997.80790761 0.00000000 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 13.61755598 924.10248347 0.92410248 13.61755598
A-2 0.00000000 13.61755601 924.10248375 0.92410248 13.61755601
A-3 0.00000000 11.31472653 936.93731480 0.93693731 11.31472653
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 0.98334075 996.37232887 0.99637233 0.98334075
M 0.00000000 0.74946371 997.05844943 0.99705845 0.74946371
B-1 0.00000000 0.74946382 997.05844872 0.99705845 0.74946382
B-2 0.00000000 0.74946064 997.05844752 0.99705845 0.74946064
B-3 0.00000000 0.74945890 997.05844953 0.99705845 0.74945890
B-4 0.00000000 0.74947080 997.05844891 0.99705845 0.74947080
B-5 0.74946088 0.74946088 997.05844674 0.99705845 0.00000000
<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% 94,860,696.91 515,409.79 0.00 0.00
A-2 18,613,000.00 8.00000% 17,453,783.09 116,358.55 0.00 0.00
A-3 75,000,000.00 6.75000% 71,118,903.10 400,043.83 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% 93,767.63 0.00 0.00 0.00
M 3,431,000.00 6.75000% 3,423,478.95 19,257.07 0.00 0.00
B-1 3,842,000.00 6.75000% 3,833,578.00 21,563.88 0.00 0.00
B-2 1,372,000.00 6.75000% 1,368,992.46 7,700.58 0.00 0.00
B-3 961,000.00 6.75000% 958,893.40 5,393.78 0.00 0.00
B-4 548,000.00 6.75000% 546,798.74 3,075.74 0.00 0.00
B-5 824,299.20 6.75000% 822,492.26 4,626.52 0.00 201.70
Totals 274,442,315.44 1,479,282.24 0.00 201.70
</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 0.00 515,409.79 0.00 93,483,131.33
A-2 0.00 0.00 116,358.55 0.00 17,200,319.53
A-3 0.00 0.00 400,043.83 0.00 70,270,298.61
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 93,675.18
M 0.00 0.00 19,257.07 0.00 3,420,907.54
B-1 0.00 0.00 21,563.88 0.00 3,830,698.56
B-2 0.00 0.00 7,700.58 0.00 1,367,964.19
B-3 0.00 0.00 5,393.78 0.00 958,173.17
B-4 0.00 0.00 3,075.74 0.00 546,388.03
B-5 0.00 0.00 4,424.81 201.70 821,874.48
Totals 0.00 0.00 1,479,080.53 201.70
<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% 937.72003944 5.09494558 0.00000000 0.00000000
A-2 18,613,000.00 8.00000% 937.72003922 6.25146672 0.00000000 0.00000000
A-3 75,000,000.00 6.75000% 948.25204133 5.33391773 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% 997.35566962 0.00000000 0.00000000 0.00000000
M 3,431,000.00 6.75000% 997.80791314 5.61266978 0.00000000 0.00000000
B-1 3,842,000.00 6.75000% 997.80791255 5.61267048 0.00000000 0.00000000
B-2 1,372,000.00 6.75000% 997.80791545 5.61266764 0.00000000 0.00000000
B-3 961,000.00 6.75000% 997.80790843 5.61267430 0.00000000 0.00000000
B-4 548,000.00 6.75000% 997.80791971 5.61266423 0.00000000 0.00000000
B-5 824,299.20 6.75000% 997.80790761 5.61267074 0.00000000 0.24469270
<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 5.09494558 0.00000000 924.10248347
A-2 0.00000000 0.00000000 6.25146672 0.00000000 924.10248375
A-3 0.00000000 0.00000000 5.33391773 0.00000000 936.93731480
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 996.37232887
M 0.00000000 0.00000000 5.61266978 0.00000000 997.05844943
B-1 0.00000000 0.00000000 5.61267048 0.00000000 997.05844872
B-2 0.00000000 0.00000000 5.61266764 0.00000000 997.05844752
B-3 0.00000000 0.00000000 5.61267430 0.00000000 997.05844953
B-4 0.00000000 0.00000000 5.61266423 0.00000000 997.05844891
B-5 0.00000000 0.00000000 5.36796590 0.24469270 997.05844674
<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 23,944.83
Deposits
Payments of Interest and Principal 3,894,591.73
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 104,478.45
Realized Losses 0.00
Total Deposits 3,999,070.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 56,598.35
Payment of Interest and Principal 3,966,416.66
Total Withdrawals (Pool Distribution Amount) 4,023,015.01
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,717.08
Servicing Fee Support 1,717.08
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 54,807.74
Master Servicing Fee 3,507.69
Supported Prepayment/Curtailment Interest Shortfall 1,717.08
Net Servicing Fee 56,598.35
</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 1,043,119.71 0.461894% 0.400292%
60 Days 1 281,091.22 0.115473% 0.107867%
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 5 1,324,210.93 0.577367% 0.508160%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 617.78
Cumulative Realized Losses - Includes Interest Shortfall 1,459.83
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 587,931.45
</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% 10,946,005.97 4.20047964% 95.798010% 100.000000%
Class M 7,547,299.20 2.75004938% 7,525,098.43 2.88772204% 1.313230% 0.000000%
Class B-1 3,705,299.20 1.35011949% 3,694,399.87 1.41770902% 1.470542% 0.000000%
Class B-2 2,333,299.20 0.85019659% 2,326,435.68 0.89275903% 0.525139% 0.000000%
Class B-3 1,372,299.20 0.50003193% 1,368,262.51 0.52506447% 0.367827% 0.000000%
Class B-4 824,299.20 0.30035427% 821,874.48 0.31539057% 0.209749% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.315504% 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 0.03837454%
Fraud 5,488,846.31 2.00000000% 5,488,846.31 2.10631962%
Special Hazard 3,001,508.88 1.09367569% 3,001,508.88 1.15181528%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
<S> <C>
Weighted Average Gross Coupon 7.671035%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 354
Begin Scheduled Collateral Loan Count 873
Number Of Loans Paid In Full 7
End Scheduled Collateral Loan Count 866
Begining Scheduled Collateral Balance 263,077,384.54
Ending Scheduled Collateral Balance 260,589,430.63
Ending Actual Collateral Balance at 30-Apr-1998 261,422,159.96
Ending Scheduled Balance For Norwest 193,446,350.04
Ending Scheduled Balance For Other Services 67,143,080.59
Monthly P &I Constant 1,737,687.08
Class A Optimal Amount 3,897,298.30
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 254,826,582.93
Ending scheduled Balance For discounted Loans 5,762,847.70
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 216,704,632.64
Greater Than 80%, less than or equal to 85% 5,143,733.77
Greater than 85%, less than or equal to 95% 38,802,463.24
Greater than 95% 0.00
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