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): July 27, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4A and 1998-4B 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 July 27, 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 July 27, 1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4B Trust,
relating to the July 27, 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 1998-4B Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 8/4/1998
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 July 27,
1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4B Trust, relating to the July 27,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 6/30/1998
Distribution Date: 7/27/1998
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% 46,096,643.66 268,897.09 1,478,439.86
A-6 66937NXY9 SCH 6.75000% 22,486,459.33 126,486.33 721,199.53
A-7 66937NXZ6 SCH 9.00000% 4,061,641.35 30,462.31 130,267.46
A-8 66937NYA0 SCH 6.80000% 12,515,284.00 70,919.94 401,397.87
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% 341,796.97 1,993.82 -1,993.82
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 11.50 0.00
APO NMB984APO PO 0.00000% 143,099.39 0.00 144.72
M 66937NYH5 MEZ 7.00000% 2,491,535.96 14,533.96 1,967.89
B-1 66937NYJ1 SUB 7.00000% 2,689,782.92 15,690.40 2,124.48
B-2 66937NYK8 SUB 7.00000% 1,096,634.46 6,397.03 866.16
B-3 66937NZM3 SUB 7.00000% 836,821.35 4,881.46 660.95
B-4 66937NZN1 SUB 7.00000% 298,864.77 1,743.38 236.05
B-5 66937NZP6 SUB 7.00000% 558,352.94 3,257.06 441.00
Totals 183,897,117.10 1,071,908.19 2,735,752.15
</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 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 44,618,203.81 1,747,336.95 0.00
A-6 0.00 21,765,259.80 847,685.86 0.00
A-7 0.00 3,931,373.89 160,729.77 0.00
A-8 0.00 12,113,886.12 472,317.81 0.00
A-9 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00
A-11 0.00 343,790.78 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 11.50 0.00
APO 0.00 142,954.67 144.72 0.00
M 0.00 2,489,568.06 16,501.85 0.00
B-1 0.00 2,687,658.45 17,814.88 0.00
B-2 0.00 1,095,768.30 7,263.19 0.00
B-3 0.00 836,160.41 5,542.41 0.00
B-4 0.00 298,628.72 1,979.43 0.00
B-5 0.00 557,911.93 3,698.06 275.70
Totals 0.00 181,161,364.94 3,807,660.34 275.70
<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 46,096,643.66 75,207.25 1,403,232.61 0.00 0.00
A-6 23,834,000.00 22,486,459.33 36,686.94 684,512.59 0.00 0.00
A-7 4,343,000.00 4,061,641.35 6,626.62 123,640.84 0.00 0.00
A-8 13,645,000.00 12,515,284.00 20,418.84 380,979.03 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-11 332,000.00 341,796.97 0.00 0.00 -1,993.82 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 143,813.67 143,099.39 133.97 10.75 0.00 0.00
M 2,501,000.00 2,491,535.96 1,967.89 0.00 0.00 0.00
B-1 2,700,000.00 2,689,782.92 2,124.48 0.00 0.00 0.00
B-2 1,100,800.00 1,096,634.46 866.16 0.00 0.00 0.00
B-3 840,000.00 836,821.35 660.95 0.00 0.00 0.00
B-4 300,000.00 298,864.77 236.05 0.00 0.00 0.00
B-5 560,473.83 558,352.94 441.00 0.00 0.00 0.00
Totals 200,043,287.50 183,897,117.10 145,370.15 2,592,375.82 (1,993.82) 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 1,478,439.86 44,618,203.81 0.92809576 1,478,439.86
A-6 721,199.53 21,765,259.80 0.91320214 721,199.53
A-7 130,267.46 3,931,373.89 0.90522079 130,267.46
A-8 401,397.87 12,113,886.12 0.88778938 401,397.87
A-9 0.00 0.00 0.00000000 0.00
A-10 0.00 0.00 0.00000000 0.00
A-11 (1,993.82) 343,790.78 1.03551440 (1,993.82)
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 144.72 142,954.67 0.99402699 144.72
M 1,967.89 2,489,568.06 0.99542905 1,967.89
B-1 2,124.48 2,687,658.45 0.99542906 2,124.48
B-2 866.16 1,095,768.30 0.99542905 866.16
B-3 660.95 836,160.41 0.99542906 660.95
B-4 236.05 298,628.72 0.99542907 236.05
B-5 441.00 557,911.93 0.99542905 441.00
Totals 2,735,752.15 181,161,364.94 0.90561082 2,735,752.15
</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 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 48,075,000.00 958.84854207 1.56437337 29.18840582 0.00000000
A-6 23,834,000.00 943.46141353 1.53926911 28.72000462 0.00000000
A-7 4,343,000.00 935.21559982 1.52581626 28.46899378 0.00000000
A-8 13,645,000.00 917.20659582 1.49643386 27.92077904 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 1029.50894578 0.00000000 0.00000000 -6.00548193
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 143,813.67 995.03329551 0.93155261 0.07474950 0.00000000
M 2,501,000.00 996.21589764 0.78684126 0.00000000 0.00000000
B-1 2,700,000.00 996.21589630 0.78684444 0.00000000 0.00000000
B-2 1,100,800.00 996.21589753 0.78684593 0.00000000 0.00000000
B-3 840,000.00 996.21589286 0.78684524 0.00000000 0.00000000
B-4 300,000.00 996.21590000 0.78683333 0.00000000 0.00000000
B-5 560,473.83 996.21589825 0.78683424 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 30.75277920 928.09576308 0.92809576 30.75277920
A-6 0.00000000 30.25927373 913.20213980 0.91320214 30.25927373
A-7 0.00000000 29.99481004 905.22078978 0.90522079 29.99481004
A-8 0.00000000 29.41721290 887.78938219 0.88778938 29.41721290
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 -6.00548193 1,035.51439759 1.03551440 -6.00548193
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 1.00630211 994.02699340 0.99402699 1.00630211
M 0.00000000 0.78684126 995.42905238 0.99542905 0.78684126
B-1 0.00000000 0.78684444 995.42905556 0.99542906 0.78684444
B-2 0.00000000 0.78684593 995.42905160 0.99542905 0.78684593
B-3 0.00000000 0.78684524 995.42905952 0.99542906 0.78684524
B-4 0.00000000 0.78683333 995.42906667 0.99542907 0.78683333
B-5 0.00000000 0.78683424 995.42904617 0.99542905 0.78683424
<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% 46,096,643.66 268,897.09 0.00 0.00
A-6 23,834,000.00 6.75000% 22,486,459.33 126,486.33 0.00 0.00
A-7 4,343,000.00 9.00000% 4,061,641.35 30,462.31 0.00 0.00
A-8 13,645,000.00 6.80000% 12,515,284.00 70,919.94 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% 341,796.97 1,993.82 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% 143,099.39 0.00 0.00 0.00
M 2,501,000.00 7.00000% 2,491,535.96 14,533.96 0.00 0.00
B-1 2,700,000.00 7.00000% 2,689,782.92 15,690.40 0.00 0.00
B-2 1,100,800.00 7.00000% 1,096,634.46 6,397.03 0.00 0.00
B-3 840,000.00 7.00000% 836,821.35 4,881.46 0.00 0.00
B-4 300,000.00 7.00000% 298,864.77 1,743.38 0.00 0.00
B-5 560,473.83 7.00000% 558,352.94 3,257.06 0.00 0.00
Totals 200,043,287.50 1,071,897.27 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 0.00 268,897.09 0.00 44,618,203.81
A-6 0.00 0.00 126,486.33 0.00 21,765,259.80
A-7 0.00 0.00 30,462.31 0.00 3,931,373.89
A-8 0.00 0.00 70,919.94 0.00 12,113,886.12
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 1,993.82 0.00 343,790.78
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 11.50 0.00 100.00
APO 0.00 0.00 0.00 0.00 142,954.67
M 0.00 0.00 14,533.96 0.00 2,489,568.06
B-1 0.00 0.00 15,690.40 0.00 2,687,658.45
B-2 0.00 0.00 6,397.03 0.00 1,095,768.30
B-3 0.00 0.00 4,881.46 0.00 836,160.41
B-4 0.00 0.00 1,743.38 0.00 298,628.72
B-5 0.00 0.00 3,257.06 0.00 557,911.93
Totals 0.00 0.00 1,071,908.19 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% 958.84854207 5.59328320 0.00000000 0.00000000
A-6 23,834,000.00 6.75000% 943.46141353 5.30697029 0.00000000 0.00000000
A-7 4,343,000.00 9.00000% 935.21559982 7.01411697 0.00000000 0.00000000
A-8 13,645,000.00 6.80000% 917.20659582 5.19750385 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% 1029.50894578 6.00548193 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% 995.03329551 0.00000000 0.00000000 0.00000000
M 2,501,000.00 7.00000% 996.21589764 5.81125950 0.00000000 0.00000000
B-1 2,700,000.00 7.00000% 996.21589630 5.81125926 0.00000000 0.00000000
B-2 1,100,800.00 7.00000% 996.21589753 5.81125545 0.00000000 0.00000000
B-3 840,000.00 7.00000% 996.21589286 5.81126190 0.00000000 0.00000000
B-4 300,000.00 7.00000% 996.21590000 5.81126667 0.00000000 0.00000000
B-5 560,473.83 7.00000% 996.21589825 5.81126152 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 5.59328320 0.00000000 928.09576308
A-6 0.00000000 0.00000000 5.30697029 0.00000000 913.20213980
A-7 0.00000000 0.00000000 7.01411697 0.00000000 905.22078978
A-8 0.00000000 0.00000000 5.19750385 0.00000000 887.78938219
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 6.00548193 0.00000000 1035.51439759
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 115.00000000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 994.02699340
M 0.00000000 0.00000000 5.81125950 0.00000000 995.42905238
B-1 0.00000000 0.00000000 5.81125926 0.00000000 995.42905556
B-2 0.00000000 0.00000000 5.81125545 0.00000000 995.42905160
B-3 0.00000000 0.00000000 5.81126190 0.00000000 995.42905952
B-4 0.00000000 0.00000000 5.81126667 0.00000000 995.42906667
B-5 0.00000000 0.00000000 5.81126152 0.00000000 995.42904617
<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 1,251,069.80 1,210,944.72 88.77893842%
A-7 COMP B 9.00000% 0.00 0.00 2,810,571.55 2,720,429.17 91.32021383%
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 44,432.18
Deposits
Payments of Interest and Principal 3,848,389.54
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 3,848,389.54
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 39,327.44
Payment of Interest and Principal 3,807,660.35
Total Withdrawals (Pool Distribution Amount) 3,846,987.79
Ending Balance 45,833.93
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,436.48
Servicing Fee Support 1,436.48
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 38,311.96
Master Servicing Fee 2,451.96
Supported Prepayment/Curtailment Interest Shortfall 1,436.48
Net Servicing Fee 39,327.44
</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 3 1,080,091.60 0.475436% 0.596204%
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 3 1,080,091.60 0.475436% 0.596204%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
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 198,523.28
</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% 7,965,695.87 4.39701692% 95.599511% 100.000000%
Class M 5,501,273.83 2.75004170% 5,476,127.81 3.02279010% 1.375312% 0.000000%
Class B-1 2,801,273.83 1.40033383% 2,788,469.36 1.53921856% 1.484743% 0.000000%
Class B-2 1,700,473.83 0.85005293% 1,692,701.06 0.93436096% 0.605335% 0.000000%
Class B-3 860,473.83 0.43014382% 856,540.65 0.47280536% 0.461920% 0.000000%
Class B-4 560,473.83 0.28017627% 557,911.93 0.30796408% 0.164971% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.308207% 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 0.05519941%
Fraud 4,000,865.75 2.00000000% 4,000,865.75 2.20845419%
Special Hazard 2,649,646.28 1.32453646% 2,649,646.28 1.46258905%
<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 7.734309%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 351
Begin Scheduled Collateral Loan Count 640
Number Of Loans Paid In Full 9
End Scheduled Collateral Loan Count 631
Begining Scheduled Collateral Balance 183,897,117.09
Ending Scheduled Collateral Balance 181,161,364.94
Ending Actual Collateral Balance at 30-Jun-1998 361,759,430.87
Ending Scheduled Balance For Norwest 165,318,483.58
Ending Scheduled Balance For Other Services 15,842,881.36
Monthly P &I Constant 1,259,723.56
Class A Optimal Amount 3,754,704.88
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 172,216,230.49
Ending scheduled Balance For discounted Loans 8,945,134.45
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 148,796,360.60
Greater Than 80%, less than or equal to 85% 2,547,665.37
Greater than 85%, less than or equal to 95% 29,831,923.44
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 6/30/1998
Distribution Date: 7/27/1998
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% 92,098,895.05 500,404.00 1,128,291.64
A-2 66937NYM4 SEQ 8.00000% 16,945,628.59 112,970.86 207,598.70
A-3 66937NYN2 SEQ 6.75000% 69,417,584.84 390,473.91 695,047.38
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% 93,592.09 0.00 710.15
M 66937NYS1 MEZ 6.75000% 3,418,312.52 19,228.01 2,621.80
B-1 66937NYT9 SUB 6.75000% 3,827,792.68 21,531.33 2,935.86
B-2 66937NYU6 SUB 6.75000% 1,366,926.49 7,688.96 1,048.41
B-3 66937NZQ4 SUB 6.75000% 957,446.32 5,385.64 734.35
B-4 66937NZR2 SUB 6.75000% 545,973.56 3,071.10 418.75
B-5 66937NZS0 SUB 6.75000% 821,251.03 4,619.54 493.57
Totals 258,089,403.17 1,451,225.85 2,039,900.61
</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 90,970,603.41 1,628,695.64 0.00
A-2 0.00 16,738,029.89 320,569.56 0.00
A-3 0.00 68,722,537.46 1,085,521.29 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 92,881.93 710.15 0.00
M 0.00 3,415,690.72 21,849.81 0.00
B-1 0.00 3,824,856.82 24,467.19 0.00
B-2 0.00 1,365,878.07 8,737.37 0.00
B-3 0.00 956,711.97 6,119.99 0.00
B-4 0.00 545,554.80 3,489.85 0.00
B-5 136.32 820,621.14 5,113.11 1,984.49
Totals 136.32 256,049,366.21 3,491,126.46 1,984.49
<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 92,098,895.05 105,271.54 1,023,020.09 0.00 0.00
A-2 18,613,000.00 16,945,628.59 19,369.31 188,229.39 0.00 0.00
A-3 75,000,000.00 69,417,584.84 64,849.11 630,198.27 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 93,592.09 82.30 627.85 0.00 0.00
M 3,431,000.00 3,418,312.52 2,621.80 0.00 0.00 0.00
B-1 3,842,000.00 3,827,792.68 2,935.86 0.00 0.00 0.00
B-2 1,372,000.00 1,366,926.49 1,048.41 0.00 0.00 0.00
B-3 961,000.00 957,446.32 734.35 0.00 0.00 0.00
B-4 548,000.00 545,973.56 418.75 0.00 0.00 0.00
B-5 824,299.20 821,251.03 493.57 0.00 0.00 136.32
Totals 274,442,315.44 258,089,403.17 197,825.00 1,842,075.60 0.00 136.32
<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 1,128,291.64 90,970,603.41 0.89926556 1,128,291.64
A-2 207,598.70 16,738,029.89 0.89926556 207,598.70
A-3 695,047.38 68,722,537.46 0.91630050 695,047.38
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 710.15 92,881.93 0.98793496 710.15
M 2,621.80 3,415,690.72 0.99553795 2,621.80
B-1 2,935.86 3,824,856.82 0.99553795 2,935.86
B-2 1,048.41 1,365,878.07 0.99553795 1,048.41
B-3 734.35 956,711.97 0.99553795 734.35
B-4 418.75 545,554.80 0.99553796 418.75
B-5 629.89 820,621.14 0.99553796 493.57
Totals 2,040,036.93 256,049,366.21 0.93298064 2,039,900.61
</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-1 101,161,000.00 910.41898607 1.04063364 10.11279139 0.00000000
A-2 18,613,000.00 910.41898619 1.04063343 10.11279160 0.00000000
A-3 75,000,000.00 925.56779787 0.86465480 8.40264360 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 94,016.24 995.48854538 0.87538068 6.67810157 0.00000000
M 3,431,000.00 996.30210434 0.76415039 0.00000000 0.00000000
B-1 3,842,000.00 996.30210307 0.76414888 0.00000000 0.00000000
B-2 1,372,000.00 996.30210641 0.76414723 0.00000000 0.00000000
B-3 961,000.00 996.30210198 0.76415193 0.00000000 0.00000000
B-4 548,000.00 996.30211679 0.76414234 0.00000000 0.00000000
B-5 824,299.20 996.30210729 0.59877530 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 11.15342513 899.26556094 0.89926556 11.15342513
A-2 0.00000000 11.15342503 899.26556117 0.89926556 11.15342503
A-3 0.00000000 9.26729840 916.30049947 0.91630050 9.26729840
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 7.55348225 987.93495677 0.98793496 7.55348225
M 0.00000000 0.76415039 995.53795395 0.99553795 0.76415039
B-1 0.00000000 0.76414888 995.53795419 0.99553795 0.76414888
B-2 0.00000000 0.76414723 995.53795190 0.99553795 0.76414723
B-3 0.00000000 0.76415193 995.53795005 0.99553795 0.76415193
B-4 0.00000000 0.76414234 995.53795620 0.99553796 0.76414234
B-5 0.16537684 0.76415214 995.53795515 0.99553796 0.59877530
<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% 92,098,895.05 500,404.00 0.00 0.00
A-2 18,613,000.00 8.00000% 16,945,628.59 112,970.86 0.00 0.00
A-3 75,000,000.00 6.75000% 69,417,584.84 390,473.91 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% 93,592.09 0.00 0.00 0.00
M 3,431,000.00 6.75000% 3,418,312.52 19,228.01 0.00 0.00
B-1 3,842,000.00 6.75000% 3,827,792.68 21,531.33 0.00 0.00
B-2 1,372,000.00 6.75000% 1,366,926.49 7,688.96 0.00 0.00
B-3 961,000.00 6.75000% 957,446.32 5,385.64 0.00 0.00
B-4 548,000.00 6.75000% 545,973.56 3,071.10 0.00 0.00
B-5 824,299.20 6.75000% 821,251.03 4,619.54 0.00 0.00
Totals 274,442,315.44 1,451,225.85 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 0.00 500,404.00 0.00 90,970,603.41
A-2 0.00 0.00 112,970.86 0.00 16,738,029.89
A-3 0.00 0.00 390,473.91 0.00 68,722,537.46
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 92,881.93
M 0.00 0.00 19,228.01 0.00 3,415,690.72
B-1 0.00 0.00 21,531.33 0.00 3,824,856.82
B-2 0.00 0.00 7,688.96 0.00 1,365,878.07
B-3 0.00 0.00 5,385.64 0.00 956,711.97
B-4 0.00 0.00 3,071.10 0.00 545,554.80
B-5 0.00 0.00 4,619.54 0.00 820,621.14
Totals 0.00 0.00 1,451,225.85 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% 910.41898607 4.94660986 0.00000000 0.00000000
A-2 18,613,000.00 8.00000% 910.41898619 6.06946005 0.00000000 0.00000000
A-3 75,000,000.00 6.75000% 925.56779787 5.20631880 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% 995.48854538 0.00000000 0.00000000 0.00000000
M 3,431,000.00 6.75000% 996.30210434 5.60419994 0.00000000 0.00000000
B-1 3,842,000.00 6.75000% 996.30210307 5.60419833 0.00000000 0.00000000
B-2 1,372,000.00 6.75000% 996.30210641 5.60419825 0.00000000 0.00000000
B-3 961,000.00 6.75000% 996.30210198 5.60420395 0.00000000 0.00000000
B-4 548,000.00 6.75000% 996.30211679 5.60419708 0.00000000 0.00000000
B-5 824,299.20 6.75000% 996.30210729 5.60420294 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 4.94660986 0.00000000 899.26556094
A-2 0.00000000 0.00000000 6.06946005 0.00000000 899.26556117
A-3 0.00000000 0.00000000 5.20631880 0.00000000 916.30049947
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 987.93495677
M 0.00000000 0.00000000 5.60419994 0.00000000 995.53795395
B-1 0.00000000 0.00000000 5.60419833 0.00000000 995.53795419
B-2 0.00000000 0.00000000 5.60419825 0.00000000 995.53795190
B-3 0.00000000 0.00000000 5.60420395 0.00000000 995.53795005
B-4 0.00000000 0.00000000 5.60419708 0.00000000 995.53795620
B-5 0.00000000 0.00000000 5.60420294 0.00000000 995.53795515
<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 36,457.53
Deposits
Payments of Interest and Principal 3,531,436.50
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 3,531,436.50
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 53,416.69
Payment of Interest and Principal 3,491,126.46
Total Withdrawals (Pool Distribution Amount) 3,544,543.15
Ending Balance 23,350.88
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 3,793.05
Servicing Fee Support 3,793.05
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 53,768.55
Master Servicing Fee 3,441.19
Supported Prepayment/Curtailment Interest Shortfall 3,793.05
Net Servicing Fee 53,416.69
</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 2 623,152.77 0.234742% 0.243372%
60 Days 1 318,754.40 0.117371% 0.124489%
90+ Days 1 281,091.22 0.117371% 0.109780%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 4 1,222,998.39 0.469484% 0.477642%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 136.32
Cumulative Realized Losses - Includes Interest Shortfall 1,984.49
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 472,492.30
</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 10,978,299.20 4.00022102% 10,929,313.52 4.26843998% 95.730011% 100.000000%
Class M 7,547,299.20 2.75004938% 7,513,622.80 2.93444304% 1.334481% 0.000000%
Class B-1 3,705,299.20 1.35011949% 3,688,765.98 1.44064640% 1.494339% 0.000000%
Class B-2 2,333,299.20 0.85019659% 2,322,887.91 0.90720315% 0.533637% 0.000000%
Class B-3 1,372,299.20 0.50003193% 1,366,175.94 0.53355959% 0.373779% 0.000000%
Class B-4 824,299.20 0.30035427% 820,621.14 0.32049333% 0.213144% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.320610% 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 0.03905497%
Fraud 5,488,846.31 2.00000000% 5,488,846.31 2.14366721%
Special Hazard 3,001,508.88 1.09367569% 3,001,508.88 1.17223836%
<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 7.667377%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 352
Begin Scheduled Collateral Loan Count 858
Number Of Loans Paid In Full 6
End Scheduled Collateral Loan Count 852
Begining Scheduled Collateral Balance 258,089,403.16
Ending Scheduled Collateral Balance 256,049,366.23
Ending Actual Collateral Balance at 30-Jun-1998 77,877,047.30
Ending Scheduled Balance For Norwest 190,124,786.36
Ending Scheduled Balance For Other Services 65,924,579.87
Monthly P &I Constant 1,707,518.05
Class A Optimal Amount 3,420,638.98
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 250,561,169.43
Ending scheduled Balance For discounted Loans 5,488,196.80
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 212,713,695.17
Greater Than 80%, less than or equal to 85% 5,133,591.13
Greater than 85%, less than or equal to 95% 38,249,152.54
Greater than 95% 0.00
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