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Previous: PRODUCTION RESOURCE GROUP LLC, 8-K/A, 1998-09-02 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-3 TRUST, 8-K, 1998-09-02 |
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): August 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4A and 1998-B 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 August 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4A
And 1998-4B Trusts.
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 August 25, 1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4B Trust,
relating to the August 25, 1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4A and 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: 8/28/1998
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 August 25, 1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4B Trust,
relating to the August 25, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/1998
Distribution Date:
8/25/1998
NASCOR Series: 1998-4A
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate
Beginning
Class
Pass-Through Certificate
Interest
Principal
Class
CUSIP
Description Rate
Balance
Distribution
Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
A-2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
A-3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
A-4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
A-5 66937NXX1 SCH 7.00000% 44,618,203.81 260,272.86 1,857,468.29
A-6 66937NXY9 SCH 6.75000% 21,765,259.80 122,429.59 906,093.85
A-7 66937NXZ6 SCH 9.00000% 3,931,373.89 29,485.30 163,664.19
A-8 66937NYA0 SCH 6.80000% 12,113,886.12 68,645.35 504,304.46
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% 343,790.78 2,005.45 -2,005.45
A-12 66937NYE2 SEQ 7.00000% 22,000,000.00 128,333.33 0.00
A-R 66937NYF9 R 7.00000% 100.00 0.58 0.00
A-LR 66937NYG7 LR 7.00000% 100.00 0.58 0.00
APO NMB984APO PO 0.00000% 142,954.67 0.00 144.29
M 66937NYH5 MEZ 7.00000% 2,489,568.06 14,522.48 1,991.73
B-1 66937NYJ1 SUB 7.00000% 2,687,658.45 15,678.01 2,150.21
B-2 66937NYK8 SUB 7.00000% 1,095,768.30 6,391.98 876.65
B-3 66937NZM3 SUB 7.00000% 836,160.41 4,877.60 668.95
B-4 66937NZN1 SUB 7.00000% 298,628.72 1,742.00 238.91
B-5 66937NZP6 SUB 7.00000% 557,911.93 3,254.49 439.04
Totals 181,161,364.94 1,055,939.60 3,436,035.12
</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 42,760,735.52 2,117,741.15 0.00
A-6 0.00 20,859,165.95 1,028,523.44 0.00
A-7 0.00 3,767,709.70 193,149.49 0.00
A-8 0.00 11,609,581.66 572,949.81 0.00
A-9 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00
A-11 0.00 345,796.23 0.00 0.00
A-12 0.00 22,000,000.00 128,333.33 0.00
A-R 0.00 100.00 0.58 0.00
A-LR 0.00 100.00 0.58 0.00
APO 0.00 142,810.38 144.29 0.00
M 0.00 2,487,576.33 16,514.21 0.00
B-1 0.00 2,685,508.24 17,828.22 0.00
B-2 0.00 1,094,891.65 7,268.63 0.00
B-3 0.00 835,491.45 5,546.55 0.00
B-4 0.00 298,389.80 1,980.91 0.00
B-5 7.31 557,465.59 3,693.53 283.01
Totals 7.31 177,725,322.50 4,491,974.72 283.01
<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 44,618,203.81 74,984.68 1,782,483.61 0.00 0.00
A-6 23,834,000.00 21,765,259.80 36,578.37 869,515.48 0.00 0.00
A-7 4,343,000.00 3,931,373.89 6,607.01 157,057.19 0.00 0.00
A-8 13,645,000.00 12,113,886.12 20,358.41 483,946.05 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-11 332,000.00 343,790.78 0.00 0.00 -2,005.45 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 143,813.67 142,954.67 134.79 9.50 0.00 0.00
M 2,501,000.00 2,489,568.06 1,991.73 0.00 0.00 0.00
B-1 2,700,000.00 2,687,658.45 2,150.21 0.00 0.00 0.00
B-2 1,100,800.00 1,095,768.30 876.65 0.00 0.00 0.00
B-3 840,000.00 836,160.41 668.95 0.00 0.00 0.00
B-4 300,000.00 298,628.72 238.91 0.00 0.00 0.00
B-5 560,473.83 557,911.93 439.04 0.00 0.00 7.31
Totals 200,043,287.50 181,161,364.94 145,028.75 3,293,011.83 (2,005.45) 7.31
<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 1,857,468.29 42,760,735.52 0.88945888 1,857,468.29
A-6 906,093.85 20,859,165.95 0.87518528 906,093.85
A-7 163,664.19 3,767,709.70 0.86753620 163,664.19
A-8 504,304.46 11,609,581.66 0.85083046 504,304.46
A-9 0.00 0.00 0.00000000 0.00
A-10 0.00 0.00 0.00000000 0.00
A-11 (2,005.45) 345,796.23 1.04155491 (2,005.45)
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 144.29 142,810.38 0.99302368 144.29
M 1,991.73 2,487,576.33 0.99463268 1,991.73
B-1 2,150.21 2,685,508.24 0.99463268 2,150.21
B-2 876.65 1,094,891.65 0.99463268 876.65
B-3 668.95 835,491.45 0.99463268 668.95
B-4 238.91 298,389.80 0.99463267 238.91
B-5 446.35 557,465.59 0.99463268 439.04
Totals 3,436,042.43 177,725,322.50 0.88843432 3,436,035.12
</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 48,075,000.00 928.09576308 1.55974373 37.07714217 0.00000000
A-6 23,834,000.00 913.20213980 1.53471385 36.48214651 0.00000000
A-7 4,343,000.00 905.22078978 1.52130094 36.16329496 0.00000000
A-8 13,645,000.00 887.78938219 1.49200513 35.46691462 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 1035.51439759 0.00000000 0.00000000 -6.04051205
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 143,813.67 994.02699340 0.93725443 0.06605770 0.00000000
M 2,501,000.00 995.42905238 0.79637345 0.00000000 0.00000000
B-1 2,700,000.00 995.42905556 0.79637407 0.00000000 0.00000000
B-2 1,100,800.00 995.42905160 0.79637536 0.00000000 0.00000000
B-3 840,000.00 995.42905952 0.79636905 0.00000000 0.00000000
B-4 300,000.00 995.42906667 0.79636667 0.00000000 0.00000000
B-5 560,473.83 995.42904617 0.78333720 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 38.63688591 889.45887717 0.88945888 38.63688591
A-6 0.00000000 38.01686037 875.18527943 0.87518528 38.01686037
A-7 0.00000000 37.68459360 867.53619618 0.86753620 37.68459360
A-8 0.00000000 36.95891975 850.83046244 0.85083046 36.95891975
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 -6.04051205 1,041.55490964 1.04155491 -6.04051205
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 1.00331213 993.02368127 0.99302368 1.00331213
M 0.00000000 0.79637345 994.63267893 0.99463268 0.79637345
B-1 0.00000000 0.79637407 994.63268148 0.99463268 0.79637407
B-2 0.00000000 0.79637536 994.63267624 0.99463268 0.79637536
B-3 0.00000000 0.79636905 994.63267857 0.99463268 0.79636905
B-4 0.00000000 0.79636667 994.63266667 0.99463267 0.79636667
B-5 0.01304254 0.79637973 994.63268428 0.99463268 0.78333720
<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% 44,618,203.81 260,272.86 0.00 0.00
A-6 23,834,000.00 6.75000% 21,765,259.80 122,429.59 0.00 0.00
A-7 4,343,000.00 9.00000% 3,931,373.89 29,485.30 0.00 0.00
A-8 13,645,000.00 6.80000% 12,113,886.12 68,645.35 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% 343,790.78 2,005.45 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% 142,954.67 0.00 0.00 0.00
M 2,501,000.00 7.00000% 2,489,568.06 14,522.48 0.00 0.00
B-1 2,700,000.00 7.00000% 2,687,658.45 15,678.01 0.00 0.00
B-2 1,100,800.00 7.00000% 1,095,768.30 6,391.98 0.00 0.00
B-3 840,000.00 7.00000% 836,160.41 4,877.60 0.00 0.00
B-4 300,000.00 7.00000% 298,628.72 1,742.00 0.00 0.00
B-5 560,473.83 7.00000% 557,911.93 3,254.49 0.00 0.00
Totals 200,043,287.50 1,055,939.60 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 0.00 260,272.86 0.00 42,760,735.52
A-6 0.00 0.00 122,429.59 0.00 20,859,165.95
A-7 0.00 0.00 29,485.30 0.00 3,767,709.70
A-8 0.00 0.00 68,645.35 0.00 11,609,581.66
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 2,005.45 0.00 345,796.23
A-12 0.00 0.00 128,333.33 0.00 22,000,000.00
A-R 0.00 0.00 0.58 0.00 100.00
A-LR 0.00 0.00 0.58 0.00 100.00
APO 0.00 0.00 0.00 0.00 142,810.38
M 0.00 0.00 14,522.48 0.00 2,487,576.33
B-1 0.00 0.00 15,678.01 0.00 2,685,508.24
B-2 0.00 0.00 6,391.98 0.00 1,094,891.65
B-3 0.00 0.00 4,877.60 0.00 835,491.45
B-4 0.00 0.00 1,742.00 0.00 298,389.80
B-5 0.00 0.00 3,254.49 0.00 557,465.59
Totals 0.00 0.00 1,055,939.60 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% 928.09576308 5.41389204 0.00000000 0.00000000
A-6 23,834,000.00 6.75000% 913.20213980 5.13676219 0.00000000 0.00000000
A-7 4,343,000.00 9.00000% 905.22078978 6.78915496 0.00000000 0.00000000
A-8 13,645,000.00 6.80000% 887.78938219 5.03080616 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% 1035.51439759 6.04051205 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% 994.02699340 0.00000000 0.00000000 0.00000000
M 2,501,000.00 7.00000% 995.42905238 5.80666933 0.00000000 0.00000000
B-1 2,700,000.00 7.00000% 995.42905556 5.80667037 0.00000000 0.00000000
B-2 1,100,800.00 7.00000% 995.42905160 5.80666788 0.00000000 0.00000000
B-3 840,000.00 7.00000% 995.42905952 5.80666667 0.00000000 0.00000000
B-4 300,000.00 7.00000% 995.42906667 5.80666667 0.00000000 0.00000000
B-5 560,473.83 7.00000% 995.42904617 5.80667611 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 5.41389204 0.00000000 889.45887717
A-6 0.00000000 0.00000000 5.13676219 0.00000000 875.18527943
A-7 0.00000000 0.00000000 6.78915496 0.00000000 867.53619618
A-8 0.00000000 0.00000000 5.03080616 0.00000000 850.83046244
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 6.04051205 0.00000000 1041.55490964
A-12 0.00000000 0.00000000 5.83333318 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 993.02368127
M 0.00000000 0.00000000 5.80666933 0.00000000 994.63267893
B-1 0.00000000 0.00000000 5.80667037 0.00000000 994.63268148
B-2 0.00000000 0.00000000 5.80666788 0.00000000 994.63267624
B-3 0.00000000 0.00000000 5.80666667 0.00000000 994.63267857
B-4 0.00000000 0.00000000 5.80666667 0.00000000 994.63266667
B-5 0.00000000 0.00000000 5.80667611 0.00000000 994.63268428
<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 1,210,944.72 1,160,532.75 85.08304619%
A-7 COMP B 9.00000% 0.00 0.00 2,720,429.17 2,607,176.95 87.51852803%
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 45,833.93
Deposits
Payments of Interest and Principal 4,425,254.66
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 58,519.46
Realized Losses 0.00
Total Deposits 4,483,774.12
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 37,633.27
Payment of Interest and Principal 4,491,974.74
Total Withdrawals (Pool Distribution Amount) 4,529,608.01
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,524.17
Servicing Fee Support 2,524.17
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 37,741.95
Master Servicing Fee 2,415.49
Supported Prepayment/Curtailment Interest Shortfall 2,524.17
Net Servicing Fee 37,633.27
</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 1 226,375.58 0.160772% 0.127374%
60 Days 1 390,732.84 0.160772% 0.219852%
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 2 617,108.42 0.321543% 0.347226%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 7.31
Cumulative Realized Losses - Includes Interest Shortfall 283.01
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 276,584.90
</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% 7,959,323.06 4.47844063% 95.517958% 100.000000%
Class M 5,501,273.83 2.75004170% 5,471,746.73 3.07876596% 1.400800% 0.000000%
Class B-1 2,801,273.83 1.40033383% 2,786,238.49 1.56772172% 1.512259% 0.000000%
Class B-2 1,700,473.83 0.85005293% 1,691,346.84 0.95166340% 0.616554% 0.000000%
Class B-3 860,473.83 0.43014382% 855,855.39 0.48156075% 0.470481% 0.000000%
Class B-4 560,473.83 0.28017627% 557,465.59 0.31366695% 0.168029% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.313919% 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 0.05626660%
Fraud 4,000,865.75 2.00000000% 4,000,865.75 2.25115121%
Special Hazard 2,649,646.28 1.32453646% 2,649,646.28 1.49086593%
<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 7.731289%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 350
Begin Scheduled Collateral Loan Count 631
Number Of Loans Paid In Full 9
End Scheduled Collateral Loan Count 622
Begining Scheduled Collateral Balance 181,161,364.94
Ending Scheduled Collateral Balance 177,725,322.50
Ending Actual Collateral Balance at 31-Jul-1998 30,453,075.14
Ending Scheduled Balance For Norwest 162,241,501.68
Ending Scheduled Balance For Other Services 15,483,820.82
Monthly P &I Constant 1,243,161.95
Class A Optimal Amount 4,438,998.39
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 168,789,541.01
Ending scheduled Balance For discounted Loans 8,935,781.49
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 145,390,984.52
Greater Than 80%, less than or equal to 85% 2,545,770.08
Greater than 85%, less than or equal to 95% 29,806,958.46
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/1998
Distribution Date:
8/25/1998
NASCOR Series: 1998-4B
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate
Beginning
Class
Pass-Through Certificate
Interest
Principal
Class
CUSIP
Description Rate
Balance
Distribution
Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NYL6 SEQ 6.52000% 90,970,603.41 494,273.61 2,778,657.34
A-2 66937NYM4 SEQ 8.00000% 16,738,029.89 111,586.87 511,255.81
A-3 66937NYN2 SEQ 6.75000% 68,722,537.46 386,564.27 1,711,701.53
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% 92,881.93 0.00 105.23
M 66937NYS1 MEZ 6.75000% 3,415,690.72 19,213.26 2,617.46
B-1 66937NYT9 SUB 6.75000% 3,824,856.82 21,514.82 2,931.01
B-2 66937NYU6 SUB 6.75000% 1,365,878.07 7,683.06 1,046.68
B-3 66937NZQ4 SUB 6.75000% 956,711.97 5,381.50 733.13
B-4 66937NZR2 SUB 6.75000% 545,554.80 3,068.75 418.06
B-5 66937NZS0 SUB 6.75000% 820,621.14 4,615.99 382.23
Totals 256,049,366.21 1,439,754.63 5,009,848.48
</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 88,191,946.07 3,272,930.95 0.00
A-2 0.00 16,226,774.07 622,842.68 0.00
A-3 0.00 67,010,835.93 2,098,265.80 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 92,776.70 105.23 0.00
M 0.00 3,413,073.26 21,830.72 0.00
B-1 0.00 3,821,925.82 24,445.83 0.00
B-2 0.00 1,364,831.40 8,729.74 0.00
B-3 0.00 955,978.84 6,114.63 0.00
B-4 0.00 545,136.74 3,486.81 0.00
B-5 246.62 819,992.29 4,998.22 2,231.11
Totals 246.62 251,039,271.12 6,449,603.11 2,231.11
<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 90,970,603.41 104,313.47 2,674,343.87 0.00 0.00
A-2 18,613,000.00 16,738,029.89 19,193.03 492,062.78 0.00 0.00
A-3 75,000,000.00 68,722,537.46 64,258.92 1,647,442.60 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 92,881.93 82.77 22.46 0.00 0.00
M 3,431,000.00 3,415,690.72 2,617.46 0.00 0.00 0.00
B-1 3,842,000.00 3,824,856.82 2,931.01 0.00 0.00 0.00
B-2 1,372,000.00 1,365,878.07 1,046.68 0.00 0.00 0.00
B-3 961,000.00 956,711.97 733.13 0.00 0.00 0.00
B-4 548,000.00 545,554.80 418.06 0.00 0.00 0.00
B-5 824,299.20 820,621.14 382.23 0.00 0.00 246.62
Totals 274,442,315.44 256,049,366.21 195,976.76 4,813,871.71 0.00 246.62
<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 2,778,657.34 88,191,946.07 0.87179789 2,778,657.34
A-2 511,255.81 16,226,774.07 0.87179789 511,255.81
A-3 1,711,701.53 67,010,835.93 0.89347781 1,711,701.53
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 105.23 92,776.70 0.98681568 105.23
M 2,617.46 3,413,073.26 0.99477507 2,617.46
B-1 2,931.01 3,821,925.82 0.99477507 2,931.01
B-2 1,046.68 1,364,831.40 0.99477507 1,046.68
B-3 733.13 955,978.84 0.99477507 733.13
B-4 418.06 545,136.74 0.99477507 418.06
B-5 628.85 819,992.29 0.99477506 382.23
Totals 5,010,095.10 251,039,271.12 0.91472509 5,009,848.48
</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-1 101,161,000.00 899.26556094 1.03116290 26.43651081 0.00000000
A-2 18,613,000.00 899.26556117 1.03116263 26.43651104 0.00000000
A-3 75,000,000.00 916.30049947 0.85678560 21.96590133 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 94,016.24 987.93495677 0.88037982 0.23889490 0.00000000
M 3,431,000.00 995.53795395 0.76288546 0.00000000 0.00000000
B-1 3,842,000.00 995.53795419 0.76288652 0.00000000 0.00000000
B-2 1,372,000.00 995.53795190 0.76288630 0.00000000 0.00000000
B-3 961,000.00 995.53795005 0.76288241 0.00000000 0.00000000
B-4 548,000.00 995.53795620 0.76288321 0.00000000 0.00000000
B-5 824,299.20 995.53795515 0.46370299 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 27.46767371 871.79788723 0.87179789 27.46767371
A-2 0.00000000 27.46767367 871.79788696 0.87179789 27.46767367
A-3 0.00000000 22.82268707 893.47781240 0.89347781 22.82268707
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 1.11927471 986.81568206 0.98681568 1.11927471
M 0.00000000 0.76288546 994.77506849 0.99477507 0.76288546
B-1 0.00000000 0.76288652 994.77507028 0.99477507 0.76288652
B-2 0.00000000 0.76288630 994.77507289 0.99477507 0.76288630
B-3 0.00000000 0.76288241 994.77506764 0.99477507 0.76288241
B-4 0.00000000 0.76288321 994.77507299 0.99477507 0.76288321
B-5 0.29918748 0.76289047 994.77506469 0.99477506 0.46370299
<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% 90,970,603.41 494,273.61 0.00 0.00
A-2 18,613,000.00 8.00000% 16,738,029.89 111,586.87 0.00 0.00
A-3 75,000,000.00 6.75000% 68,722,537.46 386,564.27 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% 92,881.93 0.00 0.00 0.00
M 3,431,000.00 6.75000% 3,415,690.72 19,213.26 0.00 0.00
B-1 3,842,000.00 6.75000% 3,824,856.82 21,514.82 0.00 0.00
B-2 1,372,000.00 6.75000% 1,365,878.07 7,683.06 0.00 0.00
B-3 961,000.00 6.75000% 956,711.97 5,381.50 0.00 0.00
B-4 548,000.00 6.75000% 545,554.80 3,068.75 0.00 0.00
B-5 824,299.20 6.75000% 820,621.14 4,615.99 0.00 0.00
Totals 274,442,315.44 1,439,754.63 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 0.00 494,273.61 0.00 88,191,946.07
A-2 0.00 0.00 111,586.87 0.00 16,226,774.07
A-3 0.00 0.00 386,564.27 0.00 67,010,835.93
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 92,776.70
M 0.00 0.00 19,213.26 0.00 3,413,073.26
B-1 0.00 0.00 21,514.82 0.00 3,821,925.82
B-2 0.00 0.00 7,683.06 0.00 1,364,831.40
B-3 0.00 0.00 5,381.50 0.00 955,978.84
B-4 0.00 0.00 3,068.75 0.00 545,136.74
B-5 0.00 0.00 4,615.99 0.00 819,992.29
Totals 0.00 0.00 1,439,754.63 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% 899.26556094 4.88600953 0.00000000 0.00000000
A-2 18,613,000.00 8.00000% 899.26556117 5.99510396 0.00000000 0.00000000
A-3 75,000,000.00 6.75000% 916.30049947 5.15419027 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% 987.93495677 0.00000000 0.00000000 0.00000000
M 3,431,000.00 6.75000% 995.53795395 5.59990090 0.00000000 0.00000000
B-1 3,842,000.00 6.75000% 995.53795419 5.59990109 0.00000000 0.00000000
B-2 1,372,000.00 6.75000% 995.53795190 5.59989796 0.00000000 0.00000000
B-3 961,000.00 6.75000% 995.53795005 5.59989594 0.00000000 0.00000000
B-4 548,000.00 6.75000% 995.53795620 5.59990876 0.00000000 0.00000000
B-5 824,299.20 6.75000% 995.53795515 5.59989625 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 4.88600953 0.00000000 871.79788723
A-2 0.00000000 0.00000000 5.99510396 0.00000000 871.79788696
A-3 0.00000000 0.00000000 5.15419027 0.00000000 893.47781240
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 986.81568206
M 0.00000000 0.00000000 5.59990090 0.00000000 994.77506849
B-1 0.00000000 0.00000000 5.59990109 0.00000000 994.77507028
B-2 0.00000000 0.00000000 5.59989796 0.00000000 994.77507289
B-3 0.00000000 0.00000000 5.59989594 0.00000000 994.77506764
B-4 0.00000000 0.00000000 5.59990876 0.00000000 994.77507299
B-5 0.00000000 0.00000000 5.59989625 0.00000000 994.77506469
<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 23,350.88
Deposits
Payments of Interest and Principal 6,410,997.08
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 66,775.54
Realized Losses 0.00
Total Deposits 6,477,772.62
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 51,520.38
Payment of Interest and Principal 6,449,603.11
Total Withdrawals (Pool Distribution Amount) 6,501,123.49
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 5,230.11
Servicing Fee Support 5,230.11
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 53,336.93
Master Servicing Fee 3,413.56
Supported Prepayment/Curtailment Interest Shortfall 5,230.11
Net Servicing Fee 51,520.38
</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 2,024,022.98 0.833333% 0.806258%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 281,091.22 0.119048% 0.111971%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 8 2,305,114.20 0.952381% 0.918229%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 246.62
Cumulative Realized Losses - Includes Interest Shortfall 2,231.11
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 550,710.34
</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% 10,920,938.35 4.35029081% 95.648101% 100.000000%
Class M 7,547,299.20 2.75004938% 7,507,865.09 2.99071339% 1.360080% 0.000000%
Class B-1 3,705,299.20 1.35011949% 3,685,939.27 1.46827198% 1.523004% 0.000000%
Class B-2 2,333,299.20 0.85019659% 2,321,107.87 0.92459951% 0.543873% 0.000000%
Class B-3 1,372,299.20 0.50003193% 1,365,129.03 0.54379103% 0.380949% 0.000000%
Class B-4 824,299.20 0.30035427% 819,992.29 0.32663905% 0.217232% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.326760% 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 0.03983441%
Fraud 5,488,846.31 2.00000000% 5,488,846.31 2.18644927%
Special Hazard 3,001,508.88 1.09367569% 3,001,508.88 1.19563320%
<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 7.666790%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 351
Begin Scheduled Collateral Loan Count 852
Number Of Loans Paid In Full 12
End Scheduled Collateral Loan Count 840
Begining Scheduled Collateral Balance 256,049,366.23
Ending Scheduled Collateral Balance 251,039,271.14
Ending Actual Collateral Balance at 31-Jul-1998 76,893,269.74
Ending Scheduled Balance For Norwest 186,086,236.13
Ending Scheduled Balance For Other Services 64,953,035.01
Monthly P &I Constant 1,696,093.44
Class A Optimal Amount 6,379,891.92
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 245,557,264.76
Ending scheduled Balance For discounted Loans 5,482,006.38
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 208,250,615.24
Greater Than 80%, less than or equal to 85% 5,129,044.69
Greater than 85%, less than or equal to 95% 37,717,204.78
Greater than 95% 0.00
</TABLE>
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