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Previous: WORKFLOW MANAGEMENT INC, 10-Q, 1998-12-08 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-3 TRUST, 8-K, 1998-12-08 |
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): November 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4 Trust
New York (governing law of 33321263-25 52-2079989
Pooling and Servicing Agreement) (Commission 52-2079990
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On November 25, 1998 a distribution was made to holders of Norwest Asset
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1998-4 Trust, relating to the November 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 1998-4 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/04/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4 Trust, relating to the November 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 10/30/1998
Distribution Date: 11/25/1998
NASCOR Series: 1998-4
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>
IA1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
IA2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
IA3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
IA4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
IA5 66937NXX1 SCH 7.00000% 36,926,903.90 215,406.94 2,606,245.16
IA6 66937NXY9 SCH 6.75000% 18,013,357.52 101,325.14 1,271,355.59
IA7 66937NXZ6 SCH 9.00000% 3,253,682.43 24,402.62 229,640.00
A8 66937NYA0 SCH 6.80000% 10,025,690.65 56,812.25 707,598.12
A9 66937NYB8 COMP 7.00000% 0.00 0.00 0.00
A10 66937NYC6 COMP 7.00000% 0.00 0.00 0.00
A11 66937NYD4 SEQ 7.00000% 349,842.28 2,040.75 -2,040.75
A12 66937NYE2 SEQ 7.00000% 22,000,000.00 128,333.33 0.00
AP1 NMB984APO PO 0.00000% 142,520.96 0.00 7,042.54
2A1 66937NYL6 SEQ 6.52000% 84,590,488.59 459,608.32 5,196,736.88
2A2 66937NYM4 SEQ 8.00000% 15,564,128.11 103,760.85 956,167.53
2A3 66937NYN2 SEQ 6.75000% 64,792,275.13 364,456.55 3,201,280.81
2A4 66937NYP7 SEQ 6.75000% 24,377,000.00 137,120.62 0.00
2A5 66937NYQ5 SEQ 6.75000% 14,300,000.00 80,437.50 0.00
2A6 66937NYR8 SEQ 6.75000% 29,918,999.90 168,294.37 0.00
1APO NMB984BPO PO 0.00000% 92,605.08 0.00 131.97
A-LR 66937NYG7 R 7.00000% 100.00 0.58 0.00
A-R 66937NYF9 R 7.00000% 100.00 0.58 0.00
1-M-1 66937NYH5 MEZ 7.00000% 2,483,560.78 14,487.44 2,052.69
M2 66937NYS1 MEZ 6.75000% 3,407,719.38 19,168.42 2,645.63
B1 66937NYJ1 SUB 7.00000% 2,681,173.18 15,640.18 2,216.02
B2 66937NYK8 SUB 7.00000% 1,093,124.23 6,376.56 903.48
B3 66937NZM3 SUB 7.00000% 834,142.77 4,865.83 689.43
B4 66937NZN1 SUB 7.00000% 297,908.13 1,737.80 246.22
B5 66937NZP6 SUB 7.00000% 556,565.70 3,464.86 222.60
2B1 66937NYT9 SUB 6.75000% 3,815,930.59 21,464.61 2,962.55
2B2 66937NYU6 SUB 6.75000% 1,362,690.46 7,665.13 1,057.94
2B3 66937NZQ4 SUB 6.75000% 954,479.25 5,368.95 741.02
2B4 66937NZR2 SUB 6.75000% 544,281.62 3,061.58 422.56
2B5 66937NZS0 SUB 6.75000% 818,706.02 4,605.22 596.23
Totals 411,477,976.66 2,348,206.98 14,188,914.22
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
IA1 0.00 25,000,000.00 137,500.00 0.00
IA2 0.00 38,756,000.00 205,083.83 0.00
IA3 0.00 4,524,000.00 24,505.00 0.00
IA4 0.00 0.00 31,211.17 0.00
IA5 0.00 34,320,658.74 2,821,652.10 0.00
IA6 0.00 16,742,001.92 1,372,680.73 0.00
IA7 0.00 3,024,042.44 254,042.62 0.00
A8 0.00 9,318,092.53 764,410.37 0.00
A9 0.00 0.00 0.00 0.00
A10 0.00 0.00 0.00 0.00
A11 0.00 351,883.03 0.00 0.00
A12 0.00 22,000,000.00 128,333.33 0.00
AP1 0.00 135,478.42 7,042.54 0.00
2A1 0.00 79,393,751.71 5,656,345.20 0.00
2A2 0.00 14,607,960.58 1,059,928.38 0.00
2A3 0.00 61,590,994.32 3,565,737.36 0.00
2A4 0.00 24,377,000.00 137,120.62 0.00
2A5 0.00 14,300,000.00 80,437.50 0.00
2A6 0.00 29,918,999.90 168,294.37 0.00
1APO 0.00 92,473.11 131.97 0.00
A-LR 0.00 100.00 0.58 0.00
A-R 0.00 100.00 0.58 0.00
1-M-1 0.00 2,481,508.10 16,540.13 0.00
M2 0.00 3,405,073.74 21,814.05 0.00
B1 0.00 2,678,957.16 17,856.20 0.00
B2 0.00 1,092,220.76 7,280.04 0.00
B3 0.00 833,453.34 5,555.26 0.00
B4 0.00 297,661.91 1,984.02 0.00
B5 237.40 556,105.70 3,687.46 999.41
2B1 0.00 3,812,968.03 24,427.16 0.00
2B2 0.00 1,361,632.52 8,723.07 0.00
2B3 0.00 953,738.23 6,109.97 0.00
2B4 0.00 543,859.06 3,484.14 0.00
2B5 38.69 818,071.10 5,201.45 2,858.88
Totals 276.09 397,288,786.35 16,537,121.20 3,858.29
<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>
IA1 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
IA2 38,756,000.00 38,756,000.00 0.00 0.00 0.00 0.00
IA3 4,524,000.00 4,524,000.00 0.00 0.00 0.00 0.00
IA4 0.00 0.00 0.00 0.00 0.00 0.00
IA5 48,075,000.00 36,926,903.90 71,097.14 2,535,148.03 0.00 0.00
IA6 23,834,000.00 18,013,357.52 34,681.98 1,236,673.62 0.00 0.00
IA7 4,343,000.00 3,253,682.43 6,264.47 223,375.53 0.00 0.00
A8 13,645,000.00 10,025,690.65 19,302.94 688,295.18 0.00 0.00
A9 7,512,000.00 0.00 0.00 0.00 0.00 0.00
A10 3,876,000.00 0.00 0.00 0.00 0.00 0.00
A11 332,000.00 349,842.28 0.00 0.00 -2,040.75 0.00
A12 22,000,000.00 22,000,000.00 0.00 0.00 0.00 0.00
AP1 143,813.67 142,520.96 131.24 6,911.30 0.00 0.00
2A1 101,161,000.00 84,590,488.59 100,729.55 5,096,007.32 0.00 0.00
2A2 18,613,000.00 15,564,128.11 18,533.62 937,633.91 0.00 0.00
2A3 75,000,000.00 64,792,275.13 62,051.17 3,139,229.65 0.00 0.00
2A4 24,377,000.00 24,377,000.00 0.00 0.00 0.00 0.00
2A5 14,300,000.00 14,300,000.00 0.00 0.00 0.00 0.00
2A6 29,919,000.00 29,918,999.90 0.00 0.00 0.00 0.00
1APO 94,016.24 92,605.08 84.79 47.18 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 0.00 0.00 0.00 0.00
1-M-1 2,501,000.00 2,483,560.78 2,052.69 0.00 0.00 0.00
M2 3,431,000.00 3,407,719.38 2,645.63 0.00 0.00 0.00
B1 2,700,000.00 2,681,173.18 2,216.02 0.00 0.00 0.00
B2 1,100,800.00 1,093,124.23 903.48 0.00 0.00 0.00
B3 840,000.00 834,142.77 689.43 0.00 0.00 0.00
B4 300,000.00 297,908.13 246.22 0.00 0.00 0.00
B5 560,473.83 556,565.70 222.60 0.00 0.00 237.40
2B1 3,842,000.00 3,815,930.59 2,962.55 0.00 0.00 0.00
2B2 1,372,000.00 1,362,690.46 1,057.94 0.00 0.00 0.00
2B3 961,000.00 954,479.25 741.02 0.00 0.00 0.00
2B4 548,000.00 544,281.62 422.56 0.00 0.00 0.00
2B5 824,299.20 818,706.02 596.23 0.00 0.00 38.69
Totals 474,485,602.94 411,477,976.66 327,633.27 13,863,321.72 (2,040.75) 276.09
<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>
IA1 0.00 25,000,000.00 1.00000000 0.00
IA2 0.00 38,756,000.00 1.00000000 0.00
IA3 0.00 4,524,000.00 1.00000000 0.00
IA4 0.00 0.00 0.00000000 0.00
IA5 2,606,245.16 34,320,658.74 0.71389826 2,606,245.16
IA6 1,271,355.59 16,742,001.92 0.70244197 1,271,355.59
IA7 229,640.00 3,024,042.44 0.69630266 229,640.00
A8 707,598.12 9,318,092.53 0.68289429 707,598.12
A9 0.00 0.00 0.00000000 0.00
A10 0.00 0.00 0.00000000 0.00
A11 (2,040.75) 351,883.03 1.05988864 (2,040.75)
A12 0.00 22,000,000.00 1.00000000 0.00
AP1 7,042.54 135,478.42 0.94204132 7,042.54
2A1 5,196,736.88 79,393,751.71 0.78482569 5,196,736.88
2A2 956,167.53 14,607,960.58 0.78482569 956,167.53
2A3 3,201,280.81 61,590,994.32 0.82121326 3,201,280.81
2A4 0.00 24,377,000.00 1.00000000 0.00
2A5 0.00 14,300,000.00 1.00000000 0.00
2A6 0.00 29,918,999.90 1.00000000 0.00
1APO 131.97 92,473.11 0.98358656 131.97
A-LR 0.00 100.00 1.00000000 0.00
A-R 0.00 100.00 1.00000000 0.00
1-M-1 2,052.69 2,481,508.10 0.99220636 2,052.69
M2 2,645.63 3,405,073.74 0.99244353 2,645.63
B1 2,216.02 2,678,957.16 0.99220636 2,216.02
B2 903.48 1,092,220.76 0.99220636 903.48
B3 689.43 833,453.34 0.99220636 689.43
B4 246.22 297,661.91 0.99220637 246.22
B5 460.00 556,105.70 0.99220636 222.60
2B1 2,962.55 3,812,968.03 0.99244353 2,962.55
2B2 1,057.94 1,361,632.52 0.99244353 1,057.94
2B3 741.02 953,738.23 0.99244353 741.02
2B4 422.56 543,859.06 0.99244354 422.56
2B5 634.92 818,071.10 0.99244437 596.23
Totals 14,189,190.31 397,288,786.35 0.83730420 14,188,914.22
</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>
IA1 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IA2 38,756,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IA3 4,524,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IA4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
IA5 48,075,000.00 768.11032553 1.47887967 52.73318835 0.00000000
IA6 23,834,000.00 755.78406982 1.45514727 51.88695225 0.00000000
IA7 4,343,000.00 749.17854709 1.44242920 51.43346304 0.00000000
A8 13,645,000.00 734.75197142 1.41465299 50.44303261 0.00000000
A9 7,512,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A10 3,876,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A11 332,000.00 1053.74180723 0.00000000 0.00000000 -6.14683735
A12 22,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AP1 143,813.67 991.01121611 0.91256972 48.05732306 0.00000000
2A1 101,161,000.00 836.19664288 0.99573502 50.37521693 0.00000000
2A2 18,613,000.00 836.19664267 0.99573524 50.37521678 0.00000000
2A3 75,000,000.00 863.89700173 0.82734893 41.85639533 0.00000000
2A4 24,377,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 14,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 29,919,000.00 999.99999666 0.00000000 0.00000000 0.00000000
1APO 94,016.24 984.99025275 0.90186546 0.50182819 0.00000000
A-LR 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-M-1 2,501,000.00 993.02710116 0.82074770 0.00000000 0.00000000
M2 3,431,000.00 993.21462547 0.77109589 0.00000000 0.00000000
B1 2,700,000.00 993.02710370 0.82074815 0.00000000 0.00000000
B2 1,100,800.00 993.02709847 0.82074855 0.00000000 0.00000000
B3 840,000.00 993.02710714 0.82075000 0.00000000 0.00000000
B4 300,000.00 993.02710000 0.82073333 0.00000000 0.00000000
B5 560,473.83 993.02709638 0.39716395 0.00000000 0.00000000
2B1 3,842,000.00 993.21462520 0.77109578 0.00000000 0.00000000
2B2 1,372,000.00 993.21462099 0.77109329 0.00000000 0.00000000
2B3 961,000.00 993.21462019 0.77109261 0.00000000 0.00000000
2B4 548,000.00 993.21463504 0.77109489 0.00000000 0.00000000
2B5 824,299.20 993.21462401 0.72331746 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>
IA1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IA2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IA3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IA4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
IA5 0.00000000 54.21206781 713.89825772 0.71389826 54.21206781
IA6 0.00000000 53.34209910 702.44197029 0.70244197 53.34209910
IA7 0.00000000 52.87589224 696.30265715 0.69630266 52.87589224
A8 0.00000000 51.85768560 682.89428582 0.68289429 51.85768560
A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A11 0.00000000 -6.14683735 1,059.88864458 1.05988864 -6.14683735
A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AP1 0.00000000 48.96989278 942.04132333 0.94204132 48.96989278
2A1 0.00000000 51.37095205 784.82569083 0.78482569 51.37095205
2A2 0.00000000 51.37095202 784.82569065 0.78482569 51.37095202
2A3 0.00000000 42.68374413 821.21325760 0.82121326 42.68374413
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 999.99999666 1.00000000 0.00000000
1APO 0.00000000 1.40369366 983.58655909 0.98358656 1.40369366
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-M-1 0.00000000 0.82074770 992.20635746 0.99220636 0.82074770
M2 0.00000000 0.77109589 992.44352667 0.99244353 0.77109589
B1 0.00000000 0.82074815 992.20635556 0.99220636 0.82074815
B2 0.00000000 0.82074855 992.20635901 0.99220636 0.82074855
B3 0.00000000 0.82075000 992.20635714 0.99220636 0.82075000
B4 0.00000000 0.82073333 992.20636667 0.99220637 0.82073333
B5 0.42357018 0.82073413 992.20636225 0.99220636 0.39716395
2B1 0.00000000 0.77109578 992.44352681 0.99244353 0.77109578
2B2 0.00000000 0.77109329 992.44352770 0.99244353 0.77109329
2B3 0.00000000 0.77109261 992.44352758 0.99244353 0.77109261
2B4 0.00000000 0.77109489 992.44354015 0.99244354 0.77109489
2B5 0.04693684 0.77025430 992.44436971 0.99244437 0.72331746
<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>
IA1 25,000,000.00 6.60000% 25,000,000.00 137,500.00 0.00 0.00
IA2 38,756,000.00 6.35000% 38,756,000.00 205,083.83 0.00 0.00
IA3 4,524,000.00 6.50000% 4,524,000.00 24,505.00 0.00 0.00
IA4 0.00 7.00000% 5,350,485.71 31,211.17 0.00 0.00
IA5 48,075,000.00 7.00000% 36,926,903.90 215,406.94 0.00 0.00
IA6 23,834,000.00 6.75000% 18,013,357.52 101,325.14 0.00 0.00
IA7 4,343,000.00 9.00000% 3,253,682.43 24,402.62 0.00 0.00
A8 13,645,000.00 6.80000% 10,025,690.65 56,812.25 0.00 0.00
A9 7,512,000.00 7.00000% 0.00 0.00 0.00 0.00
A10 3,876,000.00 7.00000% 0.00 0.00 0.00 0.00
A11 332,000.00 7.00000% 349,842.28 2,040.75 0.00 0.00
A12 22,000,000.00 7.00000% 22,000,000.00 128,333.33 0.00 0.00
AP1 143,813.67 0.00000% 142,520.96 0.00 0.00 0.00
2A1 101,161,000.00 6.52000% 84,590,488.59 459,608.32 0.00 0.00
2A2 18,613,000.00 8.00000% 15,564,128.11 103,760.85 0.00 0.00
2A3 75,000,000.00 6.75000% 64,792,275.13 364,456.55 0.00 0.00
2A4 24,377,000.00 6.75000% 24,377,000.00 137,120.62 0.00 0.00
2A5 14,300,000.00 6.75000% 14,300,000.00 80,437.50 0.00 0.00
2A6 29,919,000.00 6.75000% 29,918,999.90 168,294.37 0.00 0.00
1APO 94,016.24 0.00000% 92,605.08 0.00 0.00 0.00
A-LR 100.00 7.00000% 100.00 0.58 0.00 0.00
A-R 100.00 7.00000% 100.00 0.58 0.00 0.00
1-M-1 2,501,000.00 7.00000% 2,483,560.78 14,487.44 0.00 0.00
M2 3,431,000.00 6.75000% 3,407,719.38 19,168.42 0.00 0.00
B1 2,700,000.00 7.00000% 2,681,173.18 15,640.18 0.00 0.00
B2 1,100,800.00 7.00000% 1,093,124.23 6,376.56 0.00 0.00
B3 840,000.00 7.00000% 834,142.77 4,865.83 0.00 0.00
B4 300,000.00 7.00000% 297,908.13 1,737.80 0.00 0.00
B5 560,473.83 7.00000% 556,565.70 3,246.63 218.23 0.00
2B1 3,842,000.00 6.75000% 3,815,930.59 21,464.61 0.00 0.00
2B2 1,372,000.00 6.75000% 1,362,690.46 7,665.13 0.00 0.00
2B3 961,000.00 6.75000% 954,479.25 5,368.95 0.00 0.00
2B4 548,000.00 6.75000% 544,281.62 3,061.58 0.00 0.00
2B5 824,299.20 6.75000% 818,706.02 4,605.22 0.00 0.00
Totals 474,485,602.94 2,347,988.75 218.23 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>
IA1 0.00 0.00 137,500.00 0.00 25,000,000.00
IA2 0.00 0.00 205,083.83 0.00 38,756,000.00
IA3 0.00 0.00 24,505.00 0.00 4,524,000.00
IA4 0.00 0.00 31,211.17 0.00 5,350,485.71
IA5 0.00 0.00 215,406.94 0.00 34,320,658.74
IA6 0.00 0.00 101,325.14 0.00 16,742,001.92
IA7 0.00 0.00 24,402.62 0.00 3,024,042.44
A8 0.00 0.00 56,812.25 0.00 9,318,092.53
A9 0.00 0.00 0.00 0.00 0.00
A10 0.00 0.00 0.00 0.00 0.00
A11 0.00 0.00 2,040.75 0.00 351,883.03
A12 0.00 0.00 128,333.33 0.00 22,000,000.00
AP1 0.00 0.00 0.00 0.00 135,478.42
2A1 0.00 0.00 459,608.32 0.00 79,393,751.71
2A2 0.00 0.00 103,760.85 0.00 14,607,960.58
2A3 0.00 0.00 364,456.55 0.00 61,590,994.32
2A4 0.00 0.00 137,120.62 0.00 24,377,000.00
2A5 0.00 0.00 80,437.50 0.00 14,300,000.00
2A6 0.00 0.00 168,294.37 0.00 29,918,999.90
1APO 0.00 0.00 0.00 0.00 92,473.11
A-LR 0.00 0.00 0.58 0.00 100.00
A-R 0.00 0.00 0.58 0.00 100.00
1-M-1 0.00 0.00 14,487.44 0.00 2,481,508.10
M2 0.00 0.00 19,168.42 0.00 3,405,073.74
B1 0.00 0.00 15,640.18 0.00 2,678,957.16
B2 0.00 0.00 6,376.56 0.00 1,092,220.76
B3 0.00 0.00 4,865.83 0.00 833,453.34
B4 0.00 0.00 1,737.80 0.00 297,661.91
B5 0.00 0.00 3,464.86 0.00 556,105.70
2B1 0.00 0.00 21,464.61 0.00 3,812,968.03
2B2 0.00 0.00 7,665.13 0.00 1,361,632.52
2B3 0.00 0.00 5,368.95 0.00 953,738.23
2B4 0.00 0.00 3,061.58 0.00 543,859.06
2B5 0.00 0.00 4,605.22 0.00 818,071.10
Totals 0.00 0.00 2,348,206.98 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>
IA1 25,000,000.00 6.60000% 1000.00000000 5.50000000 0.00000000 0.00000000
IA2 38,756,000.00 6.35000% 1000.00000000 5.29166658 0.00000000 0.00000000
IA3 4,524,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
IA4 0.00 7.00000% 1000.00000000 5.83333396 0.00000000 0.00000000
IA5 48,075,000.00 7.00000% 768.11032553 4.48064358 0.00000000 0.00000000
IA6 23,834,000.00 6.75000% 755.78406982 4.25128556 0.00000000 0.00000000
IA7 4,343,000.00 9.00000% 749.17854709 5.61883951 0.00000000 0.00000000
A8 13,645,000.00 6.80000% 734.75197142 4.16359472 0.00000000 0.00000000
A9 7,512,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A10 3,876,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A11 332,000.00 7.00000% 1053.74180723 6.14683735 0.00000000 0.00000000
A12 22,000,000.00 7.00000% 1000.00000000 5.83333318 0.00000000 0.00000000
AP1 143,813.67 0.00000% 991.01121611 0.00000000 0.00000000 0.00000000
2A1 101,161,000.00 6.52000% 836.19664288 4.54333508 0.00000000 0.00000000
2A2 18,613,000.00 8.00000% 836.19664267 5.57464407 0.00000000 0.00000000
2A3 75,000,000.00 6.75000% 863.89700173 4.85942067 0.00000000 0.00000000
2A4 24,377,000.00 6.75000% 1000.00000000 5.62499979 0.00000000 0.00000000
2A5 14,300,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2A6 29,919,000.00 6.75000% 999.99999666 5.62499983 0.00000000 0.00000000
1APO 94,016.24 0.00000% 984.99025275 0.00000000 0.00000000 0.00000000
A-LR 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
A-R 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
1-M-1 2,501,000.00 7.00000% 993.02710116 5.79265894 0.00000000 0.00000000
M2 3,431,000.00 6.75000% 993.21462547 5.58683183 0.00000000 0.00000000
B1 2,700,000.00 7.00000% 993.02710370 5.79265926 0.00000000 0.00000000
B2 1,100,800.00 7.00000% 993.02709847 5.79265988 0.00000000 0.00000000
B3 840,000.00 7.00000% 993.02710714 5.79265476 0.00000000 0.00000000
B4 300,000.00 7.00000% 993.02710000 5.79266667 0.00000000 0.00000000
B5 560,473.83 7.00000% 993.02709638 5.79265226 0.38936698 0.00000000
2B1 3,842,000.00 6.75000% 993.21462520 5.58683238 0.00000000 0.00000000
2B2 1,372,000.00 6.75000% 993.21462099 5.58682945 0.00000000 0.00000000
2B3 961,000.00 6.75000% 993.21462019 5.58683663 0.00000000 0.00000000
2B4 548,000.00 6.75000% 993.21463504 5.58682482 0.00000000 0.00000000
2B5 824,299.20 6.75000% 993.21462401 5.58683061 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>
IA1 0.00000000 0.00000000 5.50000000 0.00000000 1000.00000000
IA2 0.00000000 0.00000000 5.29166658 0.00000000 1000.00000000
IA3 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
IA4 0.00000000 0.00000000 5.83333396 0.00000000 1000.00000000
IA5 0.00000000 0.00000000 4.48064358 0.00000000 713.89825772
IA6 0.00000000 0.00000000 4.25128556 0.00000000 702.44197029
IA7 0.00000000 0.00000000 5.61883951 0.00000000 696.30265715
A8 0.00000000 0.00000000 4.16359472 0.00000000 682.89428582
A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A11 0.00000000 0.00000000 6.14683735 0.00000000 1059.88864458
A12 0.00000000 0.00000000 5.83333318 0.00000000 1000.00000000
AP1 0.00000000 0.00000000 0.00000000 0.00000000 942.04132333
2A1 0.00000000 0.00000000 4.54333508 0.00000000 784.82569083
2A2 0.00000000 0.00000000 5.57464407 0.00000000 784.82569065
2A3 0.00000000 0.00000000 4.85942067 0.00000000 821.21325760
2A4 0.00000000 0.00000000 5.62499979 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 5.62499983 0.00000000 999.99999666
1APO 0.00000000 0.00000000 0.00000000 0.00000000 983.58655909
A-LR 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
1-M-1 0.00000000 0.00000000 5.79265894 0.00000000 992.20635746
M2 0.00000000 0.00000000 5.58683183 0.00000000 992.44352667
B1 0.00000000 0.00000000 5.79265926 0.00000000 992.20635556
B2 0.00000000 0.00000000 5.79265988 0.00000000 992.20635901
B3 0.00000000 0.00000000 5.79265476 0.00000000 992.20635714
B4 0.00000000 0.00000000 5.79266667 0.00000000 992.20636667
B5 0.00000000 0.00000000 6.18201924 0.00000000 992.20636225
2B1 0.00000000 0.00000000 5.58683238 0.00000000 992.44352681
2B2 0.00000000 0.00000000 5.58682945 0.00000000 992.44352770
2B3 0.00000000 0.00000000 5.58683663 0.00000000 992.44352758
2B4 0.00000000 0.00000000 5.58682482 0.00000000 992.44354015
2B5 0.00000000 0.00000000 5.58683061 0.00000000 992.44436971
<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 Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
IA7 COMP A 9.00000% 0.00 0.00 1,002,201.69 931,467.81 68.28942889%
IA7 COMP B 9.00000% 0.00 0.00 2,251,480.74 2,092,574.63 70.24419705%
A9 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A9 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A9 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 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 16,650,671.47
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 94,774.37
Realized Losses 0.00
Total Deposits 16,745,445.84
Withdrawals
Reimbursement for Servicer Advances 131,987.64
Payment of Service Fee 76,336.97
Payment of Interest and Principal 16,537,121.23
Total Withdrawals (Pool Distribution Amount) 16,745,445.84
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 14,875.15
Servicing Fee Support 14,875.15
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 85,725.68
Master Servicing Fee 5,486.44
Supported Prepayment/Curtailment Interest Shortfall 14,875.15
Net Servicing Fee 76,336.97
</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 7 1,900,268.96 0.513950% 0.478309%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 390,213.69 0.073421% 0.098219%
Foreclosure 1 281,091.22 0.073421% 0.070752%
REO 0 0.00 0.000000% 0.000000%
Totals 9 2,571,573.87 0.660793% 0.647281%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 276.09
Cumulative Realized Losses - Includes Interest Shortfall 3,858.29
Principal Balance of Contaminated Properties 0.00
Periodic Advance 748,172.26
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.683790%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 269
Begin Scheduled Collateral Loan Count 1,408
Number Of Loans Paid In Full 46
End Scheduled Collateral Loan Count 1,362
Begining Scheduled Collateral Balance 411,477,976.68
Ending Scheduled Collateral Balance 397,288,786.35
Ending Actual Collateral Balance at 30-Oct-1998 99,029,188.19
Ending Scheduled Balance For Norwest 323,157,243.82
Ending Scheduled Balance For Other Services 74,131,542.53
Monthly P &I Constant 2,777,838.42
Class A Optimal Amount 16,407,283.76
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 383,257,791.86
Ending scheduled Balance For discounted Loans 14,030,994.49
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 328,566,402.79
Greater Than 80%, less than or equal to 85% 7,019,538.69
Greater than 85%, less than or equal to 95% 61,783,884.05
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2
Collateral Description Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 7.718431 7.660142
Weighted Average Net Rate 6.994320 6.747445
Weighted Average Maturity 347.00 348.00
Beginning Loan Count 587 821
Loans Paid In Full 16 30
Ending Loan Count 571 791
Beginning Scheduled Balance 166,938,672.54 244,539,304.14
Ending scheduled Balance 162,112,264.03 235,176,522.32
Record Date 10/30/1998 10/30/1998
Principal And Interest Constant 1,150,909.70 1,626,928.72
Scheduled Principal 137,989.94 189,864.01
Unscheduled Principal 4,688,418.57 9,172,917.81
Scheduled Interest 1,010,047.19 1,429,227.34
Servicing Fees 34,779.70 50,945.98
Master Servicing Fees 2,225.90 3,260.54
Trustee Fee 0.00 0.00
FRY Amount 63,731.77 131,786.35
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 909,309.82 1,243,234.46
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group
30 Days 60 Days 90 + Days Foreclosure REO Bankruptc
1 Principal Balance 370,284.08 0.00 390,213.69 0.00 0.00 0.00
Percentage Of Balanc 0.228% 0.000% 0.241% 0.000% 0.000% 0.000%
Loan Count 2 0 1 0 0 0
Percentage Of Loans 0.350% 0.000% 0.175% 0.000% 0.000% 0.000%
2 Principal Balance 1,529,984.88 0.00 0.00 281,091.22 0.00 263,383.68
Percentage Of Balanc 0.651% 0.000% 0.000% 0.120% 0.000% 0.112%
Loan Count 5 0 0 1 0 1
Percentage Of Loans 0.632% 0.000% 0.000% 0.126% 0.000% 0.126%
</TABLE>
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