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Previous: VLASIC FOODS INTERNATIONAL INC, 3, 1998-04-09 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-3 TRUST, 8-K, 1998-04-09 |
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): March 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4A and 4B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-21263-25 52-2079989
Pooling and Servicing Agreement) (Commission 52-2079990
(State or other File Number) (I.R.S. Employer
jurisdiction Identification No.)
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland 21703
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On March 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4A
and 4B Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4A Trust,
relating to the March 25, 1998 distribution.
EX-99.2 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4B Trust,
relating to the March 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 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 4/07/98
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 March 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 2/27/98
Distribution Date: 3/25/98
NASCOR Series: 1998-4A
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
A-2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
A-3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
A-4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
A-5 66937NXX1 SCH 7.00000% 47,906,043.40 279,451.92 187,656.70
A-6 66937NXY9 SCH 6.75000% 23,747,283.43 133,578.47 98,028.91
A-7 66937NXZ6 SCH 9.00000% 4,327,558.14 32,456.69 17,483.87
A-8 66937NYA0 SCH 6.80000% 13,598,951.18 77,060.72 52,332.00
A-9 66937NYB8 COMP 7.00000% 6,758,571.76 39,425.00 3,194,872.01
A-10 66937NYC6 COMP 7.00000% 1,139,195.85 6,645.31 1,139,195.85
A-11 66937NYD4 SEQ 7.00000% 333,936.67 1,947.96 -1,947.96
A-12 66937NYE2 SEQ 7.00000% 22,000,000.00 128,333.33 0.00
A-R 66937NYF9 R 7.00000% 100.00 0.58 0.00
A-LR 66937NYG7 LR 7.00000% 100.00 0.58 0.00
APO NMB984APO PO 0.00000% 143,668.57 0.00 141.09
M 66937NYH5 MEZ 7.00000% 2,499,203.46 14,578.69 1,874.67
B-1 66937NYJ1 SUB 7.00000% 2,698,060.52 15,738.69 2,023.83
B-2 66937NYK8 SUB 7.00000% 1,100,009.26 6,416.72 825.12
B-3 66937NZM3 SUB 7.00000% 839,396.60 4,896.48 629.64
B-4 66937NZN1 SUB 7.00000% 299,784.50 1,748.74 224.87
B-5 66937NZP6 SUB 7.00000% 560,071.23 3,267.08 360.83
Totals 196,231,934.57 1,143,846.96 4,693,701.43
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 $0.00 $25,000,000.00 $137,500.00 $0.00
A-2 $0.00 $38,756,000.00 $205,083.83 $0.00
A-3 $0.00 $4,524,000.00 $24,505.00 $0.00
A-4 $0.00 $0.00 $31,211.17 $0.00
A-5 $0.00 $47,718,386.70 $467,108.62 $0.00
A-6 $0.00 $23,649,254.52 $231,607.38 $0.00
A-7 $0.00 $4,310,074.28 $49,940.56 $0.00
A-8 $0.00 $13,546,619.18 $129,392.72 $0.00
A-9 $0.00 $3,563,699.75 $3,234,297.01 $0.00
A-10 $0.00 $0.00 $1,145,841.16 $0.00
A-11 $0.00 $335,884.63 $0.00 $0.00
A-12 $0.00 $22,000,000.00 $128,333.33 $0.00
A-R $0.00 $100.00 $0.58 $0.00
A-LR $0.00 $100.00 $0.58 $0.00
APO $0.00 $143,527.48 $141.09 $0.00
M $0.00 $2,497,328.80 $16,453.36 $0.00
B-1 $0.00 $2,696,036.69 $17,762.52 $0.00
B-2 $0.00 $1,099,184.14 $7,241.84 $0.00
B-3 $0.00 $838,766.97 $5,526.12 $0.00
B-4 $0.00 $299,559.63 $1,973.61 $0.00
B-5 $59.28 $559,651.11 $3,627.91 $201.59
Totals $59.28 $191,538,173.88 $5,837,548.39 $201.59
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
A-2 38,756,000.00 38,756,000.00 0.00 0.00 0.00 0.00
A-3 4,524,000.00 4,524,000.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 48,075,000.00 47,906,043.40 5,648.12 182,008.58 0.00 0.00
A-6 23,834,000.00 23,747,283.43 2,950.49 95,078.42 0.00 0.00
A-7 4,343,000.00 4,327,558.14 526.23 16,957.64 0.00 0.00
A-8 13,645,000.00 13,598,951.18 1,575.10 50,756.90 0.00 0.00
A-9 7,512,000.00 6,758,571.76 97,346.29 3,136,950.72 -39,425.00 0.00
A-10 3,876,000.00 1,139,195.85 34,487.68 1,111,353.48 -6,645.31 0.00
A-11 332,000.00 333,936.67 0.00 0.00 -1,947.96 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 143,813.67 143,668.57 130.76 10.33 0.00 0.00
M 2,501,000.00 2,499,203.46 1,874.67 0.00 0.00 0.00
B-1 2,700,000.00 2,698,060.52 2,023.83 0.00 0.00 0.00
B-2 1,100,800.00 1,100,009.26 825.12 0.00 0.00 0.00
B-3 840,000.00 839,396.60 629.64 0.00 0.00 0.00
B-4 300,000.00 299,784.50 224.87 0.00 0.00 0.00
B-5 560,473.83 560,071.23 360.83 0.00 0.00 59.28
Totals $200,043,287.50 $196,231,934.57 $148,603.63 $4,593,116.07 ($48,018.27) $59.28
<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 $187,656.70 $47,718,386.70 0.99258215 $187,656.70
A-6 $98,028.91 $23,649,254.52 0.99224866 $98,028.91
A-7 $17,483.87 $4,310,074.28 0.99241867 $17,483.87
A-8 $52,332.00 $13,546,619.18 0.99278997 $52,332.00
A-9 $3,194,872.01 $3,563,699.75 0.47440093 $3,194,872.01
A-10 $1,139,195.85 $0.00 0.00000000 $1,139,195.85
A-11 ($1,947.96) $335,884.63 1.01170069 ($1,947.96)
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 $141.09 $143,527.48 0.99800999 $141.09
M $1,874.67 $2,497,328.80 0.99853211 $1,874.67
B-1 $2,023.83 $2,696,036.69 0.99853211 $2,023.83
B-2 $825.12 $1,099,184.14 0.99853210 $825.12
B-3 $629.64 $838,766.97 0.99853211 $629.64
B-4 $224.87 $299,559.63 0.99853210 $224.87
B-5 $420.11 $559,651.11 0.99853210 $360.83
Totals $4,693,760.71 $191,538,173.88 0.95748363 $4,693,701.43
</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 48,075,000.00 996.48556214 0.11748560 3.78592990 0.00000000
A-6 23,834,000.00 996.36164429 0.12379332 3.98919275 0.00000000
A-7 4,343,000.00 996.44442551 0.12116740 3.90459130 0.00000000
A-8 13,645,000.00 996.62522389 0.11543422 3.71981678 0.00000000
A-9 7,512,000.00 899.70337593 12.95877130 417.59194888 -5.24826944
A-10 3,876,000.00 293.91017802 8.89775026 286.72690402 -1.71447626
A-11 332,000.00 1005.83334337 0.00000000 0.00000000 -5.86734940
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 143,813.67 998.99105558 0.90923206 0.07182905 0.00000000
M 2,501,000.00 999.28167133 0.74956817 0.00000000 0.00000000
B-1 2,700,000.00 999.28167407 0.74956667 0.00000000 0.00000000
B-2 1,100,800.00 999.28166788 0.74956395 0.00000000 0.00000000
B-3 840,000.00 999.28166667 0.74957143 0.00000000 0.00000000
B-4 300,000.00 999.28166667 0.74956667 0.00000000 0.00000000
B-5 560,473.83 999.28167922 0.64379456 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 1000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-5 0.00000000 3.90341550 992.58214665 0.99258215 3.90341550
A-6 0.00000000 4.11298607 992.24865822 0.99224866 4.11298607
A-7 0.00000000 4.02575869 992.41866912 0.99241867 4.02575869
A-8 0.00000000 3.83525101 992.78997288 0.99278997 3.83525101
A-9 0.00000000 425.30245075 474.40092519 0.47440093 425.30245075
A-10 0.00000000 293.91017802 0.00000000 0.00000000 293.91017802
A-11 0.00000000 -5.86734940 1011.70069277 1.01170069 -5.86734940
A-12 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-LR 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
APO 0.00000000 0.98106112 998.00999446 0.99800999 0.98106112
M 0.00000000 0.74956817 998.53210716 0.99853211 0.74956817
B-1 0.00000000 0.74956667 998.53210741 0.99853211 0.74956667
B-2 0.00000000 0.74956395 998.53210392 0.99853210 0.74956395
B-3 0.00000000 0.74957143 998.53210714 0.99853211 0.74957143
B-4 0.00000000 0.74956667 998.53210000 0.99853210 0.74956667
B-5 0.10576765 0.74956221 998.53209917 0.99853210 0.64379456
<FN>
(3) 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>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 6.60000% 25,000,000.00 137,500.00 0.00 0.00
A-2 38,756,000.00 6.35000% 38,756,000.00 205,083.83 0.00 0.00
A-3 4,524,000.00 6.50000% 4,524,000.00 24,505.00 0.00 0.00
A-4 0.00 7.00000% 5,350,485.71 31,211.17 0.00 0.00
A-5 48,075,000.00 7.00000% 47,906,043.40 279,451.92 0.00 0.00
A-6 23,834,000.00 6.75000% 23,747,283.43 133,578.47 0.00 0.00
A-7 4,343,000.00 9.00000% 4,327,558.14 32,456.69 0.00 0.00
A-8 13,645,000.00 6.80000% 13,598,951.18 77,060.72 0.00 0.00
A-9 7,512,000.00 7.00000% 6,758,571.76 39,425.00 0.00 0.00
A-10 3,876,000.00 7.00000% 1,139,195.85 6,645.31 0.00 0.00
A-11 332,000.00 7.00000% 333,936.67 1,947.96 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% 143,668.57 0.00 0.00 0.00
M 2,501,000.00 7.00000% 2,499,203.46 14,578.69 0.00 0.00
B-1 2,700,000.00 7.00000% 2,698,060.52 15,738.69 0.00 0.00
B-2 1,100,800.00 7.00000% 1,100,009.26 6,416.72 0.00 0.00
B-3 840,000.00 7.00000% 839,396.60 4,896.48 0.00 0.00
B-4 300,000.00 7.00000% 299,784.50 1,748.74 0.00 0.00
B-5 560,473.83 7.00000% 560,071.23 3,267.08 0.00 0.00
Totals 200,043,287.50 1,143,846.96 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 0.00 279,451.92 0.00 47,718,386.70
A-6 0.00 0.00 133,578.47 0.00 23,649,254.52
A-7 0.00 0.00 32,456.69 0.00 4,310,074.28
A-8 0.00 0.00 77,060.72 0.00 13,546,619.18
A-9 0.00 0.00 39,425.00 0.00 3,563,699.75
A-10 0.00 0.00 6,645.31 0.00 0.00
A-11 0.00 0.00 1,947.96 0.00 335,884.63
A-12 0.00 0.00 128,333.33 0.00 22,000,000.00
A-R 0.00 0.00 0.58 0.00 100.00
A-LR 0.00 0.00 0.58 0.00 100.00
APO 0.00 0.00 0.00 0.00 143,527.48
M 0.00 0.00 14,578.69 0.00 2,497,328.80
B-1 0.00 0.00 15,738.69 0.00 2,696,036.69
B-2 0.00 0.00 6,416.72 0.00 1,099,184.14
B-3 0.00 0.00 4,896.48 0.00 838,766.97
B-4 0.00 0.00 1,748.74 0.00 299,559.63
B-5 0.00 0.00 3,267.08 0.00 559,651.11
Totals 0.00 0.00 1,143,846.96 0.00
<FN>
(4) 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>
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% 996.48556214 5.81283245 0.00000000 0.00000000
A-6 23,834,000.00 6.75000% 996.36164429 5.60453428 0.00000000 0.00000000
A-7 4,343,000.00 9.00000% 996.44442551 7.47333410 0.00000000 0.00000000
A-8 13,645,000.00 6.80000% 996.62522389 5.64754269 0.00000000 0.00000000
A-9 7,512,000.00 7.00000% 899.70337593 5.24826944 0.00000000 0.00000000
A-10 3,876,000.00 7.00000% 293.91017802 1.71447626 0.00000000 0.00000000
A-11 332,000.00 7.00000% 1005.83334337 5.86734940 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% 998.99105558 0.00000000 0.00000000 0.00000000
M 2,501,000.00 7.00000% 999.28167133 5.82914434 0.00000000 0.00000000
B-1 2,700,000.00 7.00000% 999.28167407 5.82914444 0.00000000 0.00000000
B-2 1,100,800.00 7.00000% 999.28166788 5.82914244 0.00000000 0.00000000
B-3 840,000.00 7.00000% 999.28166667 5.82914286 0.00000000 0.00000000
B-4 300,000.00 7.00000% 999.28166667 5.82913333 0.00000000 0.00000000
B-5 560,473.83 7.00000% 999.28167922 5.82913925 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 5.81283245 0.00000000 992.58214665
A-6 0.00000000 0.00000000 5.60453428 0.00000000 992.24865822
A-7 0.00000000 0.00000000 7.47333410 0.00000000 992.41866912
A-8 0.00000000 0.00000000 5.64754269 0.00000000 992.78997288
A-9 0.00000000 0.00000000 5.24826944 0.00000000 474.40092519
A-10 0.00000000 0.00000000 1.71447626 0.00000000 0.00000000
A-11 0.00000000 0.00000000 5.86734940 0.00000000 1011.70069277
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 998.00999446
M 0.00000000 0.00000000 5.82914434 0.00000000 998.53210716
B-1 0.00000000 0.00000000 5.82914444 0.00000000 998.53210741
B-2 0.00000000 0.00000000 5.82914244 0.00000000 998.53210392
B-3 0.00000000 0.00000000 5.82914286 0.00000000 998.53210714
B-4 0.00000000 0.00000000 5.82913333 0.00000000 998.53210000
B-5 0.00000000 0.00000000 5.82913925 0.00000000 998.53209917
<FN>
(6) 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>
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 1,359,396.81 1,354,165.52 99.27899707%
A-7 COMP B 9.00000% 0.00 0.00 2,968,161.34 2,955,908.75 99.22486573%
A-9 GROUP 1 7.00000% 0.00 0.00 3,733,444.05 2,507,253.69 66.11955934%
A-9 GROUP 2 7.00000% 0.00 0.00 2,240,557.25 957,788.71 32.80098322%
A-9 GROUP 3 7.00000% 0.00 0.00 784,570.46 98,657.34 12.33216750%
A-10 GROUP 1 7.00000% 0.00 0.00 1,124,590.41 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 14,605.44 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,963,610.60
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 5,963,610.60
Withdrawals
Reimbursement for Servicer Advances 75,351.63
Payment of Service Fee 40,523.30
Payment of Interest and Principal 5,837,548.39
Total Withdrawals (Pool Distribution Amount) 5,953,423.32
Ending Balance 10,187.27
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,973.34
Servicing Fee Support 2,973.34
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 40,880.30
Master Servicing Fee 2,616.34
Supported Prepayment/Curtailment Interest Shortfall 2,973.34
Net Servicing Fee 40,523.30
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 0 0.00 0.000000% 0.000000%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 0 0.00 0.000000% 0.000000%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 59.28
Cumulative Realized Losses - Includes Interest Shortfall 201.59
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 234,072.15
</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% 7,990,527.34 4.17176753% 95.825104% 100.000000%
Class M 5,501,273.83 2.75004170% 5,493,198.54 2.86793929% 1.304806% 0.000000%
Class B-1 2,801,273.83 1.40033383% 2,797,161.85 1.46036782% 1.408627% 0.000000%
Class B-2 1,700,473.83 0.85005293% 1,697,977.71 0.88649572% 0.574302% 0.000000%
Class B-3 860,473.83 0.43014382% 859,210.74 0.44858459% 0.438240% 0.000000%
Class B-4 560,473.83 0.28017627% 559,651.11 0.29218777% 0.156514% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.292407% 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 0.05220891%
Fraud 4,000,865.75 2.00000000% 4,000,865.75 2.08880855%
Special Hazard 2,649,646.28 1.32453646% 2,649,646.28 1.38335154%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
<S> <C>
Weighted Average Gross Coupon 7.749186%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity (Stepdown Calculation) 355
Beginning Scheduled Collateral Loan Count 671
Number of Loans Paid in Full 10
Ending Scheduled Collateral Loan Count 661
Beginning Scheduled Collateral Balance 196,231,934.57
Ending Scheduled Collateral Balance 191,538,173.87
Ending Actual Collateral Balance at 27-Feb-1998 192,208,848.70
Ending Scheduled Balance For Norwest $175,005,336.17
Ending Scheduled Balance For Other Servicers $16,532,837.70
Monthly P&I Constant 1,337,300.75
Class A Optimal Amount $5,784,821.94
Class AP Deferred Amount $0.00
Ending Scheduled Balance for Premium Loans 182,557,805.83
Ending Scheduled Balance for Discount Loans 8,980,368.04
Unpaid Principal Balance of Outstanding Mortgage
Loans with Original LTV:
Less than or equal to 80% 157,438,415.65
Greater than 80%, less than or equal to 85% 2,555,489.94
Greater than 85%, less than or equal to 95% 31,563,423.82
Greater than 95% 0.00
</TABLE>
Exhibit Number Description
EX-99.2 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4B Trust, relating to the March 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 2/27/98
Distribution Date: 3/25/98
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% 98,713,239.39 536,341.93 2,270,561.47
A-2 66937NYM4 SEQ 8.00000% 18,162,627.15 121,084.18 417,769.30
A-3 66937NYN2 SEQ 6.75000% 73,492,136.65 413,393.27 1,398,705.58
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% 93,935.34 0.00 81.87
M 66937NYS1 MEZ 6.75000% 3,428,519.53 19,285.42 2,503.42
B-1 66937NYT9 SUB 6.75000% 3,839,222.40 21,595.63 2,803.30
B-2 66937NYU6 SUB 6.75000% 1,371,008.10 7,711.92 1,001.08
B-3 66937NZQ4 SUB 6.75000% 960,305.24 5,401.72 701.19
B-4 66937NZR2 SUB 6.75000% 547,603.82 3,080.27 399.85
B-5 66937NZS0 SUB 6.75000% 823,703.27 4,713.79 450.32
Totals 270,028,300.89 1,518,460.63 4,094,977.38
</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 $96,442,677.93 $2,806,903.40 $0.00
A-2 $0.00 $17,744,857.84 $538,853.48 $0.00
A-3 $0.00 $72,093,431.07 $1,812,098.85 $0.00
A-4 $0.00 $24,377,000.00 $137,120.62 $0.00
A-5 $0.00 $14,300,000.00 $80,437.50 $0.00
A-6 $0.00 $29,919,000.00 $168,294.38 $0.00
A-R $0.00 $0.00 $0.00 $0.00
APO $0.00 $93,853.47 $81.87 $0.00
M $0.00 $3,426,016.12 $21,788.84 $0.00
B-1 $0.00 $3,836,419.09 $24,398.93 $0.00
B-2 $0.00 $1,370,007.03 $8,713.00 $0.00
B-3 $0.00 $959,604.05 $6,102.91 $0.00
B-4 $0.00 $547,203.98 $3,480.12 $0.00
B-5 $151.13 $823,101.82 $5,164.11 $747.06
Totals $151.13 $265,933,172.40 $5,613,438.01 $747.06
<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 98,713,239.39 105,048.72 2,165,512.75 0.00 0.00
A-2 18,613,000.00 18,162,627.15 19,328.32 398,440.99 0.00 0.00
A-3 75,000,000.00 73,492,136.65 64,711.85 1,333,993.73 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 93,935.34 80.88 0.99 0.00 0.00
M 3,431,000.00 3,428,519.53 2,503.42 0.00 0.00 0.00
B-1 3,842,000.00 3,839,222.40 2,803.30 0.00 0.00 0.00
B-2 1,372,000.00 1,371,008.10 1,001.08 0.00 0.00 0.00
B-3 961,000.00 960,305.24 701.19 0.00 0.00 0.00
B-4 548,000.00 547,603.82 399.85 0.00 0.00 0.00
B-5 824,299.20 823,703.27 450.32 0.00 0.00 151.13
Totals $274,442,315.44 $270,028,300.89 $197,028.93 $3,897,948.46 $0.00 $151.13
<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 $2,270,561.47 $96,442,677.93 0.95335829 $2,270,561.47
A-2 $417,769.30 $17,744,857.84 0.95335829 $417,769.30
A-3 $1,398,705.58 $72,093,431.07 0.96124575 $1,398,705.58
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 $81.87 $93,853.47 0.99826870 $81.87
M $2,503.42 $3,426,016.12 0.99854740 $2,503.42
B-1 $2,803.30 $3,836,419.09 0.99854739 $2,803.30
B-2 $1,001.08 $1,370,007.03 0.99854740 $1,001.08
B-3 $701.19 $959,604.05 0.99854740 $701.19
B-4 $399.85 $547,203.98 0.99854741 $399.85
B-5 $601.45 $823,101.82 0.99854740 $450.32
Totals $4,095,128.51 $265,933,172.40 0.96899478 $4,094,977.38
</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-1 101,161,000.00 975.80331739 1.03843102 21.40659691 0.00000000
A-2 18,613,000.00 975.80331757 1.03843120 21.40659700 0.00000000
A-3 75,000,000.00 979.89515533 0.86282467 17.78658307 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 94,016.24 999.13951037 0.86027691 0.01053010 0.00000000
M 3,431,000.00 999.27704168 0.72964733 0.00000000 0.00000000
B-1 3,842,000.00 999.27704321 0.72964602 0.00000000 0.00000000
B-2 1,372,000.00 999.27704082 0.72965015 0.00000000 0.00000000
B-3 961,000.00 999.27704475 0.72964620 0.00000000 0.00000000
B-4 548,000.00 999.27704380 0.72965328 0.00000000 0.00000000
B-5 824,299.20 999.27704649 0.54630649 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 22.44502793 953.35828956 0.95335829 22.44502793
A-2 0.00000000 22.44502767 953.35828937 0.95335829 22.44502767
A-3 0.00000000 18.64940773 961.24574760 0.96124575 18.64940773
A-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
APO 0.00000000 0.87080700 998.26870336 0.99826870 0.87080700
M 0.00000000 0.72964733 998.54739726 0.99854740 0.72964733
B-1 0.00000000 0.72964602 998.54739459 0.99854739 0.72964602
B-2 0.00000000 0.72965015 998.54739796 0.99854740 0.72965015
B-3 0.00000000 0.72964620 998.54739854 0.99854740 0.72964620
B-4 0.00000000 0.72965328 998.54740876 0.99854741 0.72965328
B-5 0.18334362 0.72965011 998.54739638 0.99854740 0.54630649
<FN>
(3) 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>
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% 98,713,239.39 536,341.93 0.00 0.00
A-2 18,613,000.00 8.00000% 18,162,627.15 121,084.18 0.00 0.00
A-3 75,000,000.00 6.75000% 73,492,136.65 413,393.27 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% 93,935.34 0.00 0.00 0.00
M 3,431,000.00 6.75000% 3,428,519.53 19,285.42 0.00 0.00
B-1 3,842,000.00 6.75000% 3,839,222.40 21,595.63 0.00 0.00
B-2 1,372,000.00 6.75000% 1,371,008.10 7,711.92 0.00 0.00
B-3 961,000.00 6.75000% 960,305.24 5,401.72 0.00 0.00
B-4 548,000.00 6.75000% 547,603.82 3,080.27 0.00 0.00
B-5 824,299.20 6.75000% 823,703.27 4,633.33 80.46 0.00
Totals 274,442,315.44 1,518,380.17 80.46 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 0.00 536,341.93 0.00 96,442,677.93
A-2 0.00 0.00 121,084.18 0.00 17,744,857.84
A-3 0.00 0.00 413,393.27 0.00 72,093,431.07
A-4 0.00 0.00 137,120.62 0.00 24,377,000.00
A-5 0.00 0.00 80,437.50 0.00 14,300,000.00
A-6 0.00 0.00 168,294.38 0.00 29,919,000.00
A-R 0.00 0.00 0.00 0.00 0.00
APO 0.00 0.00 0.00 0.00 93,853.47
M 0.00 0.00 19,285.42 0.00 3,426,016.12
B-1 0.00 0.00 21,595.63 0.00 3,836,419.09
B-2 0.00 0.00 7,711.92 0.00 1,370,007.03
B-3 0.00 0.00 5,401.72 0.00 959,604.05
B-4 0.00 0.00 3,080.27 0.00 547,203.98
B-5 0.00 0.00 4,713.79 0.00 823,101.82
Totals 0.00 0.00 1,518,460.63 0.00
<FN>
(4) 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>
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% 975.80331739 5.30186465 0.00000000 0.00000000
A-2 18,613,000.00 8.00000% 975.80331757 6.50535540 0.00000000 0.00000000
A-3 75,000,000.00 6.75000% 979.89515533 5.51191027 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% 999.13951037 0.00000000 0.00000000 0.00000000
M 3,431,000.00 6.75000% 999.27704168 5.62093267 0.00000000 0.00000000
B-1 3,842,000.00 6.75000% 999.27704321 5.62093441 0.00000000 0.00000000
B-2 1,372,000.00 6.75000% 999.27704082 5.62093294 0.00000000 0.00000000
B-3 961,000.00 6.75000% 999.27704475 5.62093652 0.00000000 0.00000000
B-4 548,000.00 6.75000% 999.27704380 5.62093066 0.00000000 0.00000000
B-5 824,299.20 6.75000% 999.27704649 5.62093230 0.09761019 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 5.30186465 0.00000000 953.35828956
A-2 0.00000000 0.00000000 6.50535540 0.00000000 953.35828937
A-3 0.00000000 0.00000000 5.51191027 0.00000000 961.24574760
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 998.26870336
M 0.00000000 0.00000000 5.62093267 0.00000000 998.54739726
B-1 0.00000000 0.00000000 5.62093441 0.00000000 998.54739459
B-2 0.00000000 0.00000000 5.62093294 0.00000000 998.54739796
B-3 0.00000000 0.00000000 5.62093652 0.00000000 998.54739854
B-4 0.00000000 0.00000000 5.62093066 0.00000000 998.54740876
B-5 0.00000000 0.00000000 5.71854249 0.00000000 998.54739638
<FN>
(6) 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>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,765,263.81
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 5,765,263.81
Withdrawals
Reimbursement for Servicer Advances 62,853.62
Payment of Service Fee 59,256.14
Payment of Interest and Principal 5,613,438.00
Total Withdrawals (Pool Distribution Amount) 5,735,547.76
Ending Balance 29,716.06
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 599.40
Servicing Fee Support 599.40
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 56,255.21
Master Servicing Fee 3,600.33
Supported Prepayment/Curtailment Interest Shortfall 599.40
Net Servicing Fee 59,256.14
</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 9 2,804,679.56 1.021566% 1.054656%
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 9 2,804,679.56 1.021566% 1.054656%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 151.13
Cumulative Realized Losses - Includes Interest Shortfall 747.06
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 488,696.07
</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% 10,962,352.09 4.12222063% 95.876324% 100.000000%
Class M 7,547,299.20 2.75004938% 7,536,335.97 2.83392098% 1.288754% 0.000000%
Class B-1 3,705,299.20 1.35011949% 3,699,916.88 1.39129573% 1.443135% 0.000000%
Class B-2 2,333,299.20 0.85019659% 2,329,909.85 0.87612607% 0.515352% 0.000000%
Class B-3 1,372,299.20 0.50003193% 1,370,305.80 0.51528201% 0.360971% 0.000000%
Class B-4 824,299.20 0.30035427% 823,101.82 0.30951453% 0.205840% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.309624% 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 0.03760343%
Fraud 5,488,846.31 2.00000000% 5,488,846.31 2.06399460%
Special Hazard 3,001,508.88 1.09367569% 3,001,508.88 1.12867035%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Mixed Fixed Ratio Strip
<S> <C>
Weighted Average Gross Coupon 7.676858%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity (Stepdown Calculation) 356
Beginning Scheduled Collateral Loan Count 892
Number of Loans Paid in Full 11
Ending Scheduled Collateral Loan Count 881
Beginning Scheduled Collateral Balance 270,028,300.89
Ending Scheduled Collateral Balance 265,933,172.39
Ending Actual Collateral Balance at 27-Feb-1998 267,376,995.90
Ending Scheduled Balance For Norwest $197,605,836.37
Ending Scheduled Balance For Other Servicers $68,327,336.02
Monthly P&I Constant 1,778,078.26
Class A Optimal Amount $5,543,708.24
Class AP Deferred Amount $0.00
Ending Scheduled Balance for Premium Loans 260,159,698.20
Ending Scheduled Balance for Discount Loans 5,773,474.19
Unpaid Principal Balance of Outstanding Mortgage
Loans with Original LTV:
Less than or equal to 80% 221,138,185.36
Greater than 80%, less than or equal to 85% 5,415,023.05
Greater than 85%, less than or equal to 95% 39,428,944.61
Greater than 95% 0.00
</TABLE>
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