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Previous: SCHOOL SPECIALTY INC, S-1/A, 1998-05-06 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-3 TRUST, 8-K, 1998-05-06 |
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): April 27, 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 52-2079990
Pooling and Servicing Agreement) (Commission (I.R.S. Employer
(State or other File Number) Identification No.)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland 21703
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On April 27, 1998 a distribution was made to holders of NORWEST ASSET SECURITIES
CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4A and 4B Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number
Description
EX-99.1
Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4A Trust, relating to the April
27, 1998 distribution.
EX-99.2
Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4B Trust, relating to the April 27,
1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4A and 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: 4/27/1998
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 April 27,
1998 distribution.
EX-99.2
Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4B Trust, relating to the April 27,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 3/31/1998
Distribution Date: 4/27/1998
NASCOR Series: 1998-4A
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
A-2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
A-3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
A-4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
A-5 66937NXX1 SCH 7.00000% 47,718,386.70 278,357.26 206,321.68
A-6 66937NXY9 SCH 6.75000% 23,649,254.52 133,027.06 109,319.36
A-7 66937NXZ6 SCH 9.00000% 4,310,074.28 32,325.56 43,596.87
A-8 66937NYA0 SCH 6.80000% 13,546,619.18 76,764.18 299,440.69
A-9 66937NYB8 COMP 7.00000% 3,563,699.75 20,788.25 1,989,164.35
A-10 66937NYC6 COMP 7.00000% 0.00 0.00 0.00
A-11 66937NYD4 SEQ 7.00000% 335,884.63 1,959.33 -1,959.33
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% 143,527.48 0.00 142.25
M 66937NYH5 MEZ 7.00000% 2,497,328.80 14,567.75 1,911.44
B-1 66937NYJ1 SUB 7.00000% 2,696,036.69 15,726.88 2,063.53
B-2 66937NYK8 SUB 7.00000% 1,099,184.14 6,411.91 841.31
B-3 66937NZM3 SUB 7.00000% 838,766.97 4,892.81 641.99
B-4 66937NZN1 SUB 7.00000% 299,559.63 1,747.43 229.28
B-5 66937NZP6 SUB 7.00000% 559,651.11 3,264.63 413.39
Totals 191,538,173.88 1,116,467.54 2,652,126.81
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Realized Ending Total Cumulative
Current Certificate Distribution Realized
Class Losses Balance Loss
<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 $47,512,065.02 $484,678.94 $0.00
A-6 $0.00 $23,539,935.16 $242,346.42 $0.00
A-7 $0.00 $4,266,477.41 $75,922.43 $0.00
A-8 $0.00 $13,247,178.49 $376,204.87 $0.00
A-9 $0.00 $1,574,535.39 $2,009,952.60 $0.00
A-10 $0.00 $0.00 $0.00 $0.00
A-11 $0.00 $337,843.96 $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 $143,385.24 $142.25 $0.00
M $0.00 $2,495,417.36 $16,479.19 $0.00
B-1 $0.00 $2,693,973.15 $17,790.41 $0.00
B-2 $0.00 $1,098,342.83 $7,253.22 $0.00
B-3 $0.00 $838,124.98 $5,534.80 $0.00
B-4 $0.00 $299,330.35 $1,976.71 $0.00
B-5 $14.96 $559,222.76 $3,678.02 $216.55
Totals $14.96 $188,886,032.10 $3,768,594.35 $216.55
<FN>
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss
<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 47,718,386.70 10,946.32 195,375.36 0.00 0.00
A-6 23,834,000.00 23,649,254.52 5,799.90 103,519.46 0.00 0.00
A-7 4,343,000.00 4,310,074.28 2,313.02 41,283.85 0.00 0.00
A-8 13,645,000.00 13,546,619.18 15,886.72 283,553.97 0.00 0.00
A-9 7,512,000.00 3,563,699.75 106,637.32 1,903,315.28 -20,788.25 0.00
A-10 3,876,000.00 0.00 0.00 0.00 0.00 0.00
A-11 332,000.00 335,884.63 0.00 0.00 -1,959.33 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 143,813.67 143,527.48 131.55 10.70 0.00 0.00
M 2,501,000.00 2,497,328.80 1,911.44 0.00 0.00 0.00
B-1 2,700,000.00 2,696,036.69 2,063.53 0.00 0.00 0.00
B-2 1,100,800.00 1,099,184.14 841.31 0.00 0.00 0.00
B-3 840,000.00 838,766.97 641.99 0.00 0.00 0.00
B-4 300,000.00 299,559.63 229.28 0.00 0.00 0.00
B-5 560,473.83 559,651.11 413.39 0.00 0.00 14.96
Totals $200,043,287.50 $191,538,173.88 $147,815.77 $2,527,058.62 ($22,747.58) $14.96
<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
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 $206,321.68 $47,512,065.02 0.98829048 $206,321.68
A-6 $109,319.36 $23,539,935.16 0.98766196 $109,319.36
A-7 $43,596.87 $4,266,477.41 0.98238025 $43,596.87
A-8 $299,440.69 $13,247,178.49 0.97084489 $299,440.69
A-9 $1,989,164.35 $1,574,535.39 0.20960269 $1,989,164.35
A-10 $0.00 $0.00 0.00000000 $0.00
A-11 ($1,959.33) $337,843.96 1.01760229 ($1,959.33)
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 $142.25 $143,385.24 0.99702094 $142.25
M $1,911.44 $2,495,417.36 0.99776784 $1,911.44
B-1 $2,063.53 $2,693,973.15 0.99776783 $2,063.53
B-2 $841.31 $1,098,342.83 0.99776783 $841.31
B-3 $641.99 $838,124.98 0.99776783 $641.99
B-4 $229.28 $299,330.35 0.99776783 $229.28
B-5 $428.35 $559,222.76 0.99776784 $413.39
Totals $2,652,141.77 $188,886,032.10 0.94422579 $2,652,126.81
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class 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 48,075,000.00 992.58214665 0.22769256 4.06397005 0.00000000
A-6 23,834,000.00 992.24865822 0.24334564 4.34335235 0.00000000
A-7 4,343,000.00 992.41866912 0.53258577 9.50583698 0.00000000
A-8 13,645,000.00 992.78997288 1.16428875 20.78079663 0.00000000
A-9 7,512,000.00 474.40092519 14.19559638 253.36997870 -2.76733892
A-10 3,876,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-11 332,000.00 1011.70069277 0.00000000 0.00000000 -5.90159639
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 143,813.67 998.00999446 0.91472528 0.07440183 0.00000000
M 2,501,000.00 998.53210716 0.76427029 0.00000000 0.00000000
B-1 2,700,000.00 998.53210741 0.76427037 0.00000000 0.00000000
B-2 1,100,800.00 998.53210392 0.76427144 0.00000000 0.00000000
B-3 840,000.00 998.53210714 0.76427381 0.00000000 0.00000000
B-4 300,000.00 998.53210000 0.76426667 0.00000000 0.00000000
B-5 560,473.83 998.53209917 0.73757235 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 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 4.29166261 988.29048404 0.98829048 4.29166261
A-6 0.00000000 4.58669799 987.66196022 0.98766196 4.58669799
A-7 0.00000000 10.03842275 982.38024637 0.98238025 10.03842275
A-8 0.00000000 21.94508538 970.84488750 0.97084489 21.94508538
A-9 0.00000000 264.79823616 209.60268770 0.20960269 264.79823616
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 -5.90159639 1017.60228916 1.01760229 -5.90159639
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 0.98912711 997.02093688 0.99702094 0.98912711
M 0.00000000 0.76427029 997.76783687 0.99776784 0.76427029
B-1 0.00000000 0.76427037 997.76783333 0.99776783 0.76427037
B-2 0.00000000 0.76427144 997.76783249 0.99776783 0.76427144
B-3 0.00000000 0.76427381 997.76783333 0.99776783 0.76427381
B-4 0.00000000 0.76426667 997.76783333 0.99776783 0.76426667
B-5 0.02669170 0.76426405 997.76783512 0.99776784 0.73757235
<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% 47,718,386.70 278,357.26 0.00 0.00
A-6 23,834,000.00 6.75000% 23,649,254.52 133,027.06 0.00 0.00
A-7 4,343,000.00 9.00000% 4,310,074.28 32,325.56 0.00 0.00
A-8 13,645,000.00 6.80000% 13,546,619.18 76,764.18 0.00 0.00
A-9 7,512,000.00 7.00000% 3,563,699.75 20,788.25 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% 335,884.63 1,959.33 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% 143,527.48 0.00 0.00 0.00
M 2,501,000.00 7.00000% 2,497,328.80 14,567.75 0.00 0.00
B-1 2,700,000.00 7.00000% 2,696,036.69 15,726.88 0.00 0.00
B-2 1,100,800.00 7.00000% 1,099,184.14 6,411.91 0.00 0.00
B-3 840,000.00 7.00000% 838,766.97 4,892.81 0.00 0.00
B-4 300,000.00 7.00000% 299,559.63 1,747.43 0.00 0.00
B-5 560,473.83 7.00000% 559,651.11 3,264.63 0.00 0.00
Totals 200,043,287.50 1,116,467.54 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 0.00 278,357.26 0.00 47,512,065.02
A-6 0.00 0.00 133,027.06 0.00 23,539,935.16
A-7 0.00 0.00 32,325.56 0.00 4,266,477.41
A-8 0.00 0.00 76,764.18 0.00 13,247,178.49
A-9 0.00 0.00 20,788.25 0.00 1,574,535.39
A-10 0.00 0.00 0.00 0.00 0.00
A-11 0.00 0.00 1,959.33 0.00 337,843.96
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 0.00 143,385.24
M 0.00 0.00 14,567.75 0.00 2,495,417.36
B-1 0.00 0.00 15,726.88 0.00 2,693,973.15
B-2 0.00 0.00 6,411.91 0.00 1,098,342.83
B-3 0.00 0.00 4,892.81 0.00 838,124.98
B-4 0.00 0.00 1,747.43 0.00 299,330.35
B-5 0.00 0.00 3,264.63 0.00 559,222.76
Totals 0.00 0.00 1,116,467.54 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 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% 992.58214665 5.79006261 0.00000000 0.00000000
A-6 23,834,000.00 6.75000% 992.24865822 5.58139884 0.00000000 0.00000000
A-7 4,343,000.00 9.00000% 992.41866912 7.44314069 0.00000000 0.00000000
A-8 13,645,000.00 6.80000% 992.78997288 5.62581019 0.00000000 0.00000000
A-9 7,512,000.00 7.00000% 474.40092519 2.76733892 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% 1011.70069277 5.90159639 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% 998.00999446 0.00000000 0.00000000 0.00000000
M 2,501,000.00 7.00000% 998.53210716 5.82477009 0.00000000 0.00000000
B-1 2,700,000.00 7.00000% 998.53210741 5.82477037 0.00000000 0.00000000
B-2 1,100,800.00 7.00000% 998.53210392 5.82477289 0.00000000 0.00000000
B-3 840,000.00 7.00000% 998.53210714 5.82477381 0.00000000 0.00000000
B-4 300,000.00 7.00000% 998.53210000 5.82476667 0.00000000 0.00000000
B-5 560,473.83 7.00000% 998.53209917 5.82476795 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 (4) 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 5.79006261 0.00000000 988.29048404
A-6 0.00000000 0.00000000 5.58139884 0.00000000 987.66196022
A-7 0.00000000 0.00000000 7.44314069 0.00000000 982.38024637
A-8 0.00000000 0.00000000 5.62581019 0.00000000 970.84488750
A-9 0.00000000 0.00000000 2.76733892 0.00000000 209.60268770
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 0.00000000 5.90159639 0.00000000 1017.60228916
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 997.02093688
M 0.00000000 0.00000000 5.82477009 0.00000000 997.76783687
B-1 0.00000000 0.00000000 5.82477037 0.00000000 997.76783333
B-2 0.00000000 0.00000000 5.82477289 0.00000000 997.76783249
B-3 0.00000000 0.00000000 5.82477381 0.00000000 997.76783333
B-4 0.00000000 0.00000000 5.82476667 0.00000000 997.76783333
B-5 0.00000000 0.00000000 5.82476795 0.00000000 997.76783512
<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 Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Balance Balance
<S> <C> <C> <C> <C> <C> <C>
A-7 COMP A 9.00000% 0.00 0.00 1,354,165.52 1,324,232.43 97.08448900%
A-7 COMP B 9.00000% 0.00 0.00 2,955,908.75 2,942,244.98 98.76619604%
A-9 GROUP 1 7.00000% 0.00 0.00 2,507,253.69 1,280,312.90 33.76352584%
A-9 GROUP 2 7.00000% 0.00 0.00 957,788.71 294,222.50 10.07611301%
A-9 GROUP 3 7.00000% 0.00 0.00 98,657.34 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 10,187.27
Deposits
Payments of Interest and Principal 3,850,329.93
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 3,850,329.93
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 41,635.09
Payment of Interest and Principal 3,768,594.34
Total Withdrawals (Pool Distribution Amount) 3,810,229.43
Ending Balance 50,287.76
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 822.47
Servicing Fee Support 822.47
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 39,903.73
Master Servicing Fee 2,553.84
Supported Prepayment/Curtailment Interest Shortfall 822.47
Net Servicing Fee 41,635.10
</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 14.96
Cumulative Realized Losses - Includes Interest Shortfall 216.55
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 190,977.37
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Class Next
Original $ Original % Current $ Current % Class % Prepayment %
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 8,002,273.83 4.00027111% 7,984,411.43 4.22710528% 95.769683% 100.000000%
Class M 5,501,273.83 2.75004170% 5,488,994.07 2.90598199% 1.322127% 0.000000%
Class B-1 2,801,273.83 1.40033383% 2,795,020.92 1.47973934% 1.427326% 0.000000%
Class B-2 1,700,473.83 0.85005293% 1,696,678.09 0.89825493% 0.581926% 0.000000%
Class B-3 860,473.83 0.43014382% 858,553.11 0.45453499% 0.444057% 0.000000%
Class B-4 560,473.83 0.28017627% 559,222.76 0.29606359% 0.158592% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.296289% 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 0.05294198%
Fraud 4,000,865.75 2.00000000% 4,000,865.75 2.11813743%
Special Hazard 2,649,646.28 1.32453646% 2,649,646.28 1.40277513%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
<S> <C>
Weighted Average Gross Coupon 7.742161%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity (Stepdown Calculation) 354
Beginning Scheduled Collateral Loan Count 661
Number of Loans Paid in Full 8
Ending Scheduled Collateral Loan Count 653
Beginning Scheduled Collateral Balance 191,538,173.87
Ending Scheduled Collateral Balance 188,886,032.10
Ending Actual Collateral Balance at 31-Mar-1998 190,012,817.79
Ending Scheduled Balance For Norwest $172,763,919.98
Ending Scheduled Balance For Other Servicers $16,122,112.12
Monthly P&I Constant 1,307,300.38
Class A Optimal Amount $3,715,739.75
Class AP Deferred Amount $0.00
Ending Scheduled Balance for Premium Loans 179,914,201.89
Ending Scheduled Balance for Discount Loans 8,971,830.21
Unpaid Principal Balance of Outstanding Mortgage
Loans with Original LTV:
Less than or equal to 80% 155,157,097.47
Greater than 80%, less than or equal to 85% 2,553,406.42
Greater than 85%, less than or equal to 95% 31,181,594.61
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 3/31/1998
Distribution Date: 4/27/1998
NASCOR Series: 1998-4B
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 66937NYL6 SEQ 6.52000% 96,442,677.93 524,005.22 1,581,981.02
A-2 66937NYM4 SEQ 8.00000% 17,744,857.84 118,299.05 291,074.75
A-3 66937NYN2 SEQ 6.75000% 72,093,431.07 405,525.55 974,527.98
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% 93,853.47 0.00 85.84
M 66937NYS1 MEZ 6.75000% 3,426,016.12 19,271.34 2,537.17
B-1 66937NYT9 SUB 6.75000% 3,836,419.09 21,579.86 2,841.10
B-2 66937NYU6 SUB 6.75000% 1,370,007.03 7,706.29 1,014.57
B-3 66937NZQ4 SUB 6.75000% 959,604.05 5,397.77 710.64
B-4 66937NZR2 SUB 6.75000% 547,203.98 3,078.02 405.24
B-5 66937NZS0 SUB 6.75000% 823,101.82 4,629.95 514.57
Totals 265,933,172.40 1,495,345.55 2,855,692.88
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Realized Ending Total Cumulative
Current Certificate Distribution Realized
Class Losses Balance Loss
<S> <C> <C> <C> <C>
A-1 $0.00 $94,860,696.91 $2,105,986.24 $0.00
A-2 $0.00 $17,453,783.09 $409,373.80 $0.00
A-3 $0.00 $71,118,903.10 $1,380,053.53 $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 $93,767.63 $85.84 $0.00
M $0.00 $3,423,478.95 $21,808.51 $0.00
B-1 $0.00 $3,833,578.00 $24,420.96 $0.00
B-2 $0.00 $1,368,992.46 $8,720.86 $0.00
B-3 $0.00 $958,893.40 $6,108.41 $0.00
B-4 $0.00 $546,798.74 $3,483.26 $0.00
B-5 $94.99 $822,492.26 $5,144.52 $842.05
Totals $94.99 $263,077,384.54 $4,351,038.43 $842.05
<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
Class Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C> <C>
A-1 101,161,000.00 96,442,677.93 104,861.28 1,477,119.74 0.00 0.00
A-2 18,613,000.00 17,744,857.84 19,293.83 271,780.92 0.00 0.00
A-3 75,000,000.00 72,093,431.07 64,596.38 909,931.60 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 93,853.47 81.35 4.49 0.00 0.00
M 3,431,000.00 3,426,016.12 2,537.17 0.00 0.00 0.00
B-1 3,842,000.00 3,836,419.09 2,841.10 0.00 0.00 0.00
B-2 1,372,000.00 1,370,007.03 1,014.57 0.00 0.00 0.00
B-3 961,000.00 959,604.05 710.64 0.00 0.00 0.00
B-4 548,000.00 547,203.98 405.24 0.00 0.00 0.00
B-5 824,299.20 823,101.82 514.57 0.00 0.00 94.99
Totals $274,442,315.44 $265,933,172.40 $196,856.13 $2,658,836.75 $0.00 $94.99
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 $1,581,981.02 $94,860,696.91 0.93772004 $1,581,981.02
A-2 $291,074.75 $17,453,783.09 0.93772004 $291,074.75
A-3 $974,527.98 $71,118,903.10 0.94825204 $974,527.98
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 $85.84 $93,767.63 0.99735567 $85.84
M $2,537.17 $3,423,478.95 0.99780791 $2,537.17
B-1 $2,841.10 $3,833,578.00 0.99780791 $2,841.10
B-2 $1,014.57 $1,368,992.46 0.99780792 $1,014.57
B-3 $710.64 $958,893.40 0.99780791 $710.64
B-4 $405.24 $546,798.74 0.99780792 $405.24
B-5 $609.56 $822,492.26 0.99780791 $514.57
Totals $2,855,787.87 $263,077,384.54 0.95858900 $2,855,692.88
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1 101,161,000.00 953.35828956 1.03657813 14.60167199 0.00000000
A-2 18,613,000.00 953.35828937 1.03657820 14.60167195 0.00000000
A-3 75,000,000.00 961.24574760 0.86128507 12.13242133 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 94,016.24 998.26870336 0.86527604 0.04775771 0.00000000
M 3,431,000.00 998.54739726 0.73948412 0.00000000 0.00000000
B-1 3,842,000.00 998.54739459 0.73948464 0.00000000 0.00000000
B-2 1,372,000.00 998.54739796 0.73948251 0.00000000 0.00000000
B-3 961,000.00 998.54739854 0.73947971 0.00000000 0.00000000
B-4 548,000.00 998.54740876 0.73948905 0.00000000 0.00000000
B-5 824,299.20 998.54739638 0.62425149 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 Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 15.63825012 937.72003944 0.93772004 15.63825012
A-2 0.00000000 15.63825015 937.72003922 0.93772004 15.63825015
A-3 0.00000000 12.99370640 948.25204133 0.94825204 12.99370640
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 0.91303375 997.35566962 0.99735567 0.91303375
M 0.00000000 0.73948412 997.80791314 0.99780791 0.73948412
B-1 0.00000000 0.73948464 997.80791255 0.99780791 0.73948464
B-2 0.00000000 0.73948251 997.80791545 0.99780792 0.73948251
B-3 0.00000000 0.73947971 997.80790843 0.99780791 0.73947971
B-4 0.00000000 0.73948905 997.80791971 0.99780792 0.73948905
B-5 0.11523728 0.73948877 997.80790761 0.99780791 0.62425149
<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% 96,442,677.93 524,005.22 0.00 0.00
A-2 18,613,000.00 8.00000% 17,744,857.84 118,299.05 0.00 0.00
A-3 75,000,000.00 6.75000% 72,093,431.07 405,525.55 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% 93,853.47 0.00 0.00 0.00
M 3,431,000.00 6.75000% 3,426,016.12 19,271.34 0.00 0.00
B-1 3,842,000.00 6.75000% 3,836,419.09 21,579.86 0.00 0.00
B-2 1,372,000.00 6.75000% 1,370,007.03 7,706.29 0.00 0.00
B-3 961,000.00 6.75000% 959,604.05 5,397.77 0.00 0.00
B-4 548,000.00 6.75000% 547,203.98 3,078.02 0.00 0.00
B-5 824,299.20 6.75000% 823,101.82 4,629.95 0.00 0.00
Totals 274,442,315.44 1,495,345.55 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 0.00 524,005.22 0.00 94,860,696.91
A-2 0.00 0.00 118,299.05 0.00 17,453,783.09
A-3 0.00 0.00 405,525.55 0.00 71,118,903.10
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 93,767.63
M 0.00 0.00 19,271.34 0.00 3,423,478.95
B-1 0.00 0.00 21,579.86 0.00 3,833,578.00
B-2 0.00 0.00 7,706.29 0.00 1,368,992.46
B-3 0.00 0.00 5,397.77 0.00 958,893.40
B-4 0.00 0.00 3,078.02 0.00 546,798.74
B-5 0.00 0.00 4,629.95 0.00 822,492.26
Totals 0.00 0.00 1,495,345.55 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 Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 101,161,000.00 6.52000% 953.35828956 5.17991341 0.00000000 0.00000000
A-2 18,613,000.00 8.00000% 953.35828937 6.35572181 0.00000000 0.00000000
A-3 75,000,000.00 6.75000% 961.24574760 5.40700733 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% 998.26870336 0.00000000 0.00000000 0.00000000
M 3,431,000.00 6.75000% 998.54739726 5.61682891 0.00000000 0.00000000
B-1 3,842,000.00 6.75000% 998.54739459 5.61682978 0.00000000 0.00000000
B-2 1,372,000.00 6.75000% 998.54739796 5.61682945 0.00000000 0.00000000
B-3 961,000.00 6.75000% 998.54739854 5.61682622 0.00000000 0.00000000
B-4 548,000.00 6.75000% 998.54740876 5.61682482 0.00000000 0.00000000
B-5 824,299.20 6.75000% 998.54739638 5.61683185 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 (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 5.17991341 0.00000000 937.72003944
A-2 0.00000000 0.00000000 6.35572181 0.00000000 937.72003922
A-3 0.00000000 0.00000000 5.40700733 0.00000000 948.25204133
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 997.35566962
M 0.00000000 0.00000000 5.61682891 0.00000000 997.80791314
B-1 0.00000000 0.00000000 5.61682978 0.00000000 997.80791255
B-2 0.00000000 0.00000000 5.61682945 0.00000000 997.80791545
B-3 0.00000000 0.00000000 5.61682622 0.00000000 997.80790843
B-4 0.00000000 0.00000000 5.61682482 0.00000000 997.80791971
B-5 0.00000000 0.00000000 5.61683185 0.00000000 997.80790761
<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 29,716.06
Deposits
Payments of Interest and Principal 4,403,777.46
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 4,403,777.46
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 58,510.28
Payment of Interest and Principal 4,351,038.41
Total Withdrawals (Pool Distribution Amount) 4,409,548.69
Ending Balance 23,944.83
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 438.22
Servicing Fee Support 438.22
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 55,402.72
Master Servicing Fee 3,545.78
Supported Prepayment/Curtailment Interest Shortfall 438.22
Net Servicing Fee 58,510.28
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
of Loans Balance of Loans Balance
<S> <C> <C> <C> <C>
30 Days 2 599,810.56 0.229095% 0.227998%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 319,590.48 0.114548% 0.121482%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 3 919,401.04 0.343643% 0.349479%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 94.99
Cumulative Realized Losses - Includes Interest Shortfall 842.05
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 457,614.16
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Class Next
Original $ Original % Current $ Current % Class % Prepayment %
<S> <C> <C> <C> <C> <C> <C>
Class A 10,978,299.20 4.00022102% 10,954,233.81 4.16388274% 95.834633% 100.000000%
Class M 7,547,299.20 2.75004938% 7,530,754.86 2.86256262% 1.301784% 0.000000%
Class B-1 3,705,299.20 1.35011949% 3,697,176.86 1.40535716% 1.457725% 0.000000%
Class B-2 2,333,299.20 0.85019659% 2,328,184.40 0.88498082% 0.520562% 0.000000%
Class B-3 1,372,299.20 0.50003193% 1,369,291.00 0.52048982% 0.364621% 0.000000%
Class B-4 824,299.20 0.30035427% 822,492.26 0.31264271% 0.207921% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.312754% 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 0.03801163%
Fraud 5,488,846.31 2.00000000% 5,488,846.31 2.08639991%
Special Hazard 3,001,508.88 1.09367569% 3,001,508.88 1.14092243%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
<S> <C>
Weighted Average Gross Coupon 7.673307%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity (Stepdown Calculation) 355
Beginning Scheduled Collateral Loan Count 881
Number of Loans Paid in Full 8
Ending Scheduled Collateral Loan Count 873
Beginning Scheduled Collateral Balance 265,933,172.39
Ending Scheduled Collateral Balance 263,077,384.54
Ending Actual Collateral Balance at 31-Mar-1998 264,171,585.19
Ending Scheduled Balance For Norwest $195,868,429.38
Ending Scheduled Balance For Other Servicers $67,208,955.16
Monthly P&I Constant 1,753,129.34
Class A Optimal Amount $4,281,266.07
Class AP Deferred Amount $0.00
Ending Scheduled Balance for Premium Loans 257,309,029.15
Ending Scheduled Balance for Discount Loans 5,768,355.39
Unpaid Principal Balance of Outstanding Mortgage
Loans with Original LTV:
Less than or equal to 80% 219,006,223.63
Greater than 80%, less than or equal to 85% 5,146,941.29
Greater than 85%, less than or equal to 95% 38,969,071.21
Greater than 95% 0.00
</TABLE>
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