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Previous: DELAWARE GROUP UNIT INVESTMENT TRUST SERIES 17, 497, 1999-01-12 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-2 TRUST, 8-K, 1999-01-12 |
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): December 28, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4 Trust
New York (governing law of 333-21263-25 52-2079989 52-2079990
Pooling and Servicing Agreement) (Commission
(State or other File Number)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On December 28, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1998-4 Trust, relating to the December 28,
1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/29/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4 Trust, relating to the December 28,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/1998
Distribution Date: 12/28/1998
NASCOR Series: 1998-4
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
1-A-1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
1-A-2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
1-A-3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
1-A-4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
1-A-5 66937NXX1 SCH 7.00000% 34,320,658.74 200,203.84 4,195,499.79
1-A-6 66937NXY9 SCH 6.75000% 16,742,001.92 94,173.76 2,046,611.81
1-A-7 66937NXZ6 SCH 9.00000% 3,024,042.44 22,680.32 369,671.50
1-A-8 66937NYA0 SCH 6.80000% 9,318,092.53 52,802.52 1,139,082.31
1-A-9 66937NYB8 COMP 7.00000% 0.00 0.00 0.00
1-A-10 66937NYC6 COMP 7.00000% 0.00 0.00 0.00
1-A-11 66937NYD4 SEQ 7.00000% 351,883.03 2,052.65 -2,052.65
1-A-12 66937NYE2 SEQ 7.00000% 22,000,000.00 128,333.33 0.00
1-A-PO NMB984APO PO 0.00000% 135,478.42 0.00 140.31
2-A-1 66937NYL6 SEQ 6.52000% 79,393,751.71 431,372.72 4,848,063.27
2-A-2 66937NYM4 SEQ 8.00000% 14,607,960.58 97,386.40 892,013.74
2-A-3 66937NYN2 SEQ 6.75000% 61,590,994.32 346,449.34 2,986,491.77
2-A-4 66937NYP7 SEQ 6.75000% 24,377,000.00 137,120.62 0.00
2-A-5 66937NYQ5 SEQ 6.75000% 14,300,000.00 80,437.50 0.00
2-A-6 66937NYR8 SEQ 6.75000% 29,918,999.90 168,294.37 0.00
2-A-PO NMB984BPO PO 0.00000% 92,473.11 0.00 86.48
1-A-LR 66937NYG7 R 7.00000% 100.00 0.58 0.00
1-A-R 66937NYF9 R 7.00000% 100.00 0.58 0.00
1-M 66937NYH5 MEZ 7.00000% 2,481,508.10 14,475.46 2,038.47
2-M 66937NYS1 MEZ 6.75000% 3,405,073.74 19,153.54 2,678.20
1-B-1 66937NYJ1 SUB 7.00000% 2,678,957.16 15,627.25 2,200.67
1-B-2 66937NYK8 SUB 7.00000% 1,092,220.76 6,371.29 897.22
1-B-3 66937NZM3 SUB 7.00000% 833,453.34 4,861.81 684.65
1-B-4 66937NZN1 SUB 7.00000% 297,661.91 1,736.36 244.52
1-B-5 66937NZP6 SUB 7.00000% 556,105.70 3,243.95 422.36
2-B-1 66937NYT9 SUB 6.75000% 3,812,968.03 21,447.95 2,999.02
2-B-2 66937NYU6 SUB 6.75000% 1,361,632.52 7,659.18 1,070.97
2-B-3 66937NZQ4 SUB 6.75000% 953,738.23 5,364.78 750.15
2-B-4 66937NZR2 SUB 6.75000% 543,859.06 3,059.21 427.76
2-B-5 66937NZS0 SUB 6.75000% 818,071.10 4,601.65 560.47
Totals 397,288,786.35 2,267,210.96 16,490,582.79
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
1-A-1 0.00 25,000,000.00 137,500.00 0.00
1-A-2 0.00 38,756,000.00 205,083.83 0.00
1-A-3 0.00 4,524,000.00 24,505.00 0.00
1-A-4 0.00 0.00 31,211.17 0.00
1-A-5 0.00 30,125,158.95 4,395,703.63 0.00
1-A-6 0.00 14,695,390.11 2,140,785.57 0.00
1-A-7 0.00 2,654,370.94 392,351.82 0.00
1-A-8 0.00 8,179,010.22 1,191,884.83 0.00
1-A-9 0.00 0.00 0.00 0.00
1-A-10 0.00 0.00 0.00 0.00
1-A-11 0.00 353,935.68 0.00 0.00
1-A-12 0.00 22,000,000.00 128,333.33 0.00
1-A-PO 0.00 135,338.11 140.31 0.00
2-A-1 0.00 74,545,688.44 5,279,435.99 0.00
2-A-2 0.00 13,715,946.85 989,400.14 0.00
2-A-3 0.00 58,604,502.55 3,332,941.11 0.00
2-A-4 0.00 24,377,000.00 137,120.62 0.00
2-A-5 0.00 14,300,000.00 80,437.50 0.00
2-A-6 0.00 29,918,999.90 168,294.37 0.00
2-A-PO 0.00 92,386.63 86.48 0.00
1-A-LR 0.00 100.00 0.58 0.00
1-A-R 0.00 100.00 0.58 0.00
1-M 0.00 2,479,469.62 16,513.93 0.00
2-M 0.00 3,402,395.54 21,831.74 0.00
1-B-1 0.00 2,676,756.49 17,827.92 0.00
1-B-2 0.00 1,091,323.54 7,268.51 0.00
1-B-3 0.00 832,768.69 5,546.46 0.00
1-B-4 0.00 297,417.39 1,980.88 0.00
1-B-5 34.46 555,648.88 3,666.31 1,033.87
2-B-1 0.00 3,809,969.01 24,446.97 0.00
2-B-2 0.00 1,360,561.55 8,730.15 0.00
2-B-3 0.00 952,988.08 6,114.93 0.00
2-B-4 0.00 543,431.29 3,486.97 0.00
2-B-5 82.85 817,427.78 5,162.12 2,941.73
Totals 117.31 380,798,086.24 18,757,793.75 3,975.60
<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>
1-A-1 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
1-A-2 38,756,000.00 38,756,000.00 0.00 0.00 0.00 0.00
1-A-3 4,524,000.00 4,524,000.00 0.00 0.00 0.00 0.00
1-A-4 0.00 0.00 0.00 0.00 0.00 0.00
1-A-5 48,075,000.00 34,320,658.74 68,511.28 4,126,988.51 0.00 0.00
1-A-6 23,834,000.00 16,742,001.92 33,420.57 2,013,191.24 0.00 0.00
1-A-7 4,343,000.00 3,024,042.44 6,036.63 363,634.87 0.00 0.00
1-A-8 13,645,000.00 9,318,092.53 18,600.88 1,120,481.43 0.00 0.00
1-A-9 7,512,000.00 0.00 0.00 0.00 0.00 0.00
1-A-10 3,876,000.00 0.00 0.00 0.00 0.00 0.00
1-A-11 332,000.00 351,883.03 0.00 0.00 -2,052.65 0.00
1-A-12 22,000,000.00 22,000,000.00 0.00 0.00 0.00 0.00
1-A-PO 143,813.67 135,478.42 132.02 8.29 0.00 0.00
2-A-1 101,161,000.00 79,393,751.71 97,961.47 4,750,101.79 0.00 0.00
2-A-2 18,613,000.00 14,607,960.58 18,024.31 873,989.43 0.00 0.00
2-A-3 75,000,000.00 61,590,994.32 60,345.98 2,926,145.79 0.00 0.00
2-A-4 24,377,000.00 24,377,000.00 0.00 0.00 0.00 0.00
2-A-5 14,300,000.00 14,300,000.00 0.00 0.00 0.00 0.00
2-A-6 29,919,000.00 29,918,999.90 0.00 0.00 0.00 0.00
2-A-PO 94,016.24 92,473.11 85.21 1.27 0.00 0.00
1-A-LR 100.00 100.00 0.00 0.00 0.00 0.00
1-A-R 100.00 100.00 0.00 0.00 0.00 0.00
1-M 2,501,000.00 2,481,508.10 2,038.47 0.00 0.00 0.00
2-M 3,431,000.00 3,405,073.74 2,678.20 0.00 0.00 0.00
1-B-1 2,700,000.00 2,678,957.16 2,200.67 0.00 0.00 0.00
1-B-2 1,100,800.00 1,092,220.76 897.22 0.00 0.00 0.00
1-B-3 840,000.00 833,453.34 684.65 0.00 0.00 0.00
1-B-4 300,000.00 297,661.91 244.52 0.00 0.00 0.00
1-B-5 560,473.83 556,105.70 422.36 0.00 0.00 34.46
2-B-1 3,842,000.00 3,812,968.03 2,999.02 0.00 0.00 0.00
2-B-2 1,372,000.00 1,361,632.52 1,070.97 0.00 0.00 0.00
2-B-3 961,000.00 953,738.23 750.15 0.00 0.00 0.00
2-B-4 548,000.00 543,859.06 427.76 0.00 0.00 0.00
2-B-5 824,299.20 818,071.10 560.47 0.00 0.00 82.85
Totals 474,485,602.94 397,288,786.35 318,092.81 16,174,542.62 (2,052.65) 117.31
<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>
1-A-1 0.00 25,000,000.00 1.00000000 0.00
1-A-2 0.00 38,756,000.00 1.00000000 0.00
1-A-3 0.00 4,524,000.00 1.00000000 0.00
1-A-4 0.00 0.00 0.00000000 0.00
1-A-5 4,195,499.79 30,125,158.95 0.62662837 4,195,499.79
1-A-6 2,046,611.81 14,695,390.11 0.61657255 2,046,611.81
1-A-7 369,671.50 2,654,370.94 0.61118373 369,671.50
1-A-8 1,139,082.31 8,179,010.22 0.59941445 1,139,082.31
1-A-9 0.00 0.00 0.00000000 0.00
1-A-10 0.00 0.00 0.00000000 0.00
1-A-11 (2,052.65) 353,935.68 1.06607133 (2,052.65)
1-A-12 0.00 22,000,000.00 1.00000000 0.00
1-A-PO 140.31 135,338.11 0.94106569 140.31
2-A-1 4,848,063.27 74,545,688.44 0.73690146 4,848,063.27
2-A-2 892,013.74 13,715,946.85 0.73690146 892,013.74
2-A-3 2,986,491.77 58,604,502.55 0.78139337 2,986,491.77
2-A-4 0.00 24,377,000.00 1.00000000 0.00
2-A-5 0.00 14,300,000.00 1.00000000 0.00
2-A-6 0.00 29,918,999.90 1.00000000 0.00
2-A-PO 86.48 92,386.63 0.98266672 86.48
1-A-LR 0.00 100.00 1.00000000 0.00
1-A-R 0.00 100.00 1.00000000 0.00
1-M 2,038.47 2,479,469.62 0.99139129 2,038.47
2-M 2,678.20 3,402,395.54 0.99166294 2,678.20
1-B-1 2,200.67 2,676,756.49 0.99139129 2,200.67
1-B-2 897.22 1,091,323.54 0.99139130 897.22
1-B-3 684.65 832,768.69 0.99139130 684.65
1-B-4 244.52 297,417.39 0.99139130 244.52
1-B-5 456.82 555,648.88 0.99139130 422.36
2-B-1 2,999.02 3,809,969.01 0.99166294 2,999.02
2-B-2 1,070.97 1,360,561.55 0.99166294 1,070.97
2-B-3 750.15 952,988.08 0.99166293 750.15
2-B-4 427.76 543,431.29 0.99166294 427.76
2-B-5 643.32 817,427.78 0.99166392 560.47
Totals 16,490,700.10 380,798,086.24 0.80254930 16,490,582.79
</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>
1-A-1 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-2 38,756,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 4,524,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-5 48,075,000.00 713.89825772 1.42509163 85.84479480 0.00000000
1-A-6 23,834,000.00 702.44197029 1.40222246 84.46719980 0.00000000
1-A-7 4,343,000.00 696.30265715 1.38996776 83.72895924 0.00000000
1-A-8 13,645,000.00 682.89428582 1.36320117 82.11663100 0.00000000
1-A-9 7,512,000.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-10 3,876,000.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-11 332,000.00 1059.88864458 0.00000000 0.00000000 -6.18268072
1-A-12 22,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-PO 143,813.67 942.04132333 0.91799340 0.05764403 0.00000000
2-A-1 101,161,000.00 784.82569083 0.96837190 46.95586036 0.00000000
2-A-2 18,613,000.00 784.82569065 0.96837211 46.95586042 0.00000000
2-A-3 75,000,000.00 821.21325760 0.80461307 39.01527720 0.00000000
2-A-4 24,377,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-5 14,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-6 29,919,000.00 999.99999666 0.00000000 0.00000000 0.00000000
2-A-PO 94,016.24 983.58655909 0.90633278 0.01350830 0.00000000
1-A-LR 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-M 2,501,000.00 992.20635746 0.81506198 0.00000000 0.00000000
2-M 3,431,000.00 992.44352667 0.78058875 0.00000000 0.00000000
1-B-1 2,700,000.00 992.20635556 0.81506296 0.00000000 0.00000000
1-B-2 1,100,800.00 992.20635901 0.81506177 0.00000000 0.00000000
1-B-3 840,000.00 992.20635714 0.81505952 0.00000000 0.00000000
1-B-4 300,000.00 992.20636667 0.81506667 0.00000000 0.00000000
1-B-5 560,473.83 992.20636225 0.75357667 0.00000000 0.00000000
2-B-1 3,842,000.00 992.44352681 0.78058824 0.00000000 0.00000000
2-B-2 1,372,000.00 992.44352770 0.78059038 0.00000000 0.00000000
2-B-3 961,000.00 992.44352758 0.78059313 0.00000000 0.00000000
2-B-4 548,000.00 992.44354015 0.78058394 0.00000000 0.00000000
2-B-5 824,299.20 992.44436971 0.67993515 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>
1-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-5 0.00000000 87.26988643 626.62837129 0.62662837 87.26988643
1-A-6 0.00000000 85.86942225 616.57254804 0.61657255 85.86942225
1-A-7 0.00000000 85.11892701 611.18373014 0.61118373 85.11892701
1-A-8 0.00000000 83.47983217 599.41445365 0.59941445 83.47983217
1-A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-11 0.00000000 -6.18268072 1,066.07132530 1.06607133 -6.18268072
1-A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-PO 0.00000000 0.97563743 941.06568590 0.94106569 0.97563743
2-A-1 0.00000000 47.92423236 736.90145847 0.73690146 47.92423236
2-A-2 0.00000000 47.92423253 736.90145866 0.73690146 47.92423253
2-A-3 0.00000000 39.81989027 781.39336733 0.78139337 39.81989027
2-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-6 0.00000000 0.00000000 999.99999666 1.00000000 0.00000000
2-A-PO 0.00000000 0.91984108 982.66671801 0.98266672 0.91984108
1-A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-M 0.00000000 0.81506198 991.39129148 0.99139129 0.81506198
2-M 0.00000000 0.78058875 991.66293792 0.99166294 0.78058875
1-B-1 0.00000000 0.81506296 991.39129259 0.99139129 0.81506296
1-B-2 0.00000000 0.81506177 991.39129724 0.99139130 0.81506177
1-B-3 0.00000000 0.81505952 991.39129762 0.99139130 0.81505952
1-B-4 0.00000000 0.81506667 991.39130000 0.99139130 0.81506667
1-B-5 0.06148369 0.81506036 991.39130189 0.99139130 0.75357667
2-B-1 0.00000000 0.78058824 991.66293857 0.99166294 0.78058824
2-B-2 0.00000000 0.78059038 991.66293732 0.99166294 0.78059038
2-B-3 0.00000000 0.78059313 991.66293444 0.99166293 0.78059313
2-B-4 0.00000000 0.78058394 991.66293796 0.99166294 0.78058394
2-B-5 0.10050962 0.78044477 991.66392494 0.99166392 0.67993515
<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>
1-A-1 25,000,000.00 6.60000% 25,000,000.00 137,500.00 0.00 0.00
1-A-2 38,756,000.00 6.35000% 38,756,000.00 205,083.83 0.00 0.00
1-A-3 4,524,000.00 6.50000% 4,524,000.00 24,505.00 0.00 0.00
1-A-4 0.00 7.00000% 5,350,485.71 31,211.17 0.00 0.00
1-A-5 48,075,000.00 7.00000% 34,320,658.74 200,203.84 0.00 0.00
1-A-6 23,834,000.00 6.75000% 16,742,001.92 94,173.76 0.00 0.00
1-A-7 4,343,000.00 9.00000% 3,024,042.44 22,680.32 0.00 0.00
1-A-8 13,645,000.00 6.80000% 9,318,092.53 52,802.52 0.00 0.00
1-A-9 7,512,000.00 7.00000% 0.00 0.00 0.00 0.00
1-A-10 3,876,000.00 7.00000% 0.00 0.00 0.00 0.00
1-A-11 332,000.00 7.00000% 351,883.03 2,052.65 0.00 0.00
1-A-12 22,000,000.00 7.00000% 22,000,000.00 128,333.33 0.00 0.00
1-A-PO 143,813.67 0.00000% 135,478.42 0.00 0.00 0.00
2-A-1 101,161,000.00 6.52000% 79,393,751.71 431,372.72 0.00 0.00
2-A-2 18,613,000.00 8.00000% 14,607,960.58 97,386.40 0.00 0.00
2-A-3 75,000,000.00 6.75000% 61,590,994.32 346,449.34 0.00 0.00
2-A-4 24,377,000.00 6.75000% 24,377,000.00 137,120.62 0.00 0.00
2-A-5 14,300,000.00 6.75000% 14,300,000.00 80,437.50 0.00 0.00
2-A-6 29,919,000.00 6.75000% 29,918,999.90 168,294.37 0.00 0.00
2-A-PO 94,016.24 0.00000% 92,473.11 0.00 0.00 0.00
1-A-LR 100.00 7.00000% 100.00 0.58 0.00 0.00
1-A-R 100.00 7.00000% 100.00 0.58 0.00 0.00
1-M 2,501,000.00 7.00000% 2,481,508.10 14,475.46 0.00 0.00
2-M 3,431,000.00 6.75000% 3,405,073.74 19,153.54 0.00 0.00
1-B-1 2,700,000.00 7.00000% 2,678,957.16 15,627.25 0.00 0.00
1-B-2 1,100,800.00 7.00000% 1,092,220.76 6,371.29 0.00 0.00
1-B-3 840,000.00 7.00000% 833,453.34 4,861.81 0.00 0.00
1-B-4 300,000.00 7.00000% 297,661.91 1,736.36 0.00 0.00
1-B-5 560,473.83 7.00000% 556,105.70 3,243.95 0.00 0.00
2-B-1 3,842,000.00 6.75000% 3,812,968.03 21,447.95 0.00 0.00
2-B-2 1,372,000.00 6.75000% 1,361,632.52 7,659.18 0.00 0.00
2-B-3 961,000.00 6.75000% 953,738.23 5,364.78 0.00 0.00
2-B-4 548,000.00 6.75000% 543,859.06 3,059.21 0.00 0.00
2-B-5 824,299.20 6.75000% 818,071.10 4,601.65 0.00 0.00
Totals 474,485,602.94 2,267,210.96 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>
1-A-1 0.00 0.00 137,500.00 0.00 25,000,000.00
1-A-2 0.00 0.00 205,083.83 0.00 38,756,000.00
1-A-3 0.00 0.00 24,505.00 0.00 4,524,000.00
1-A-4 0.00 0.00 31,211.17 0.00 5,350,485.71
1-A-5 0.00 0.00 200,203.84 0.00 30,125,158.95
1-A-6 0.00 0.00 94,173.76 0.00 14,695,390.11
1-A-7 0.00 0.00 22,680.32 0.00 2,654,370.94
1-A-8 0.00 0.00 52,802.52 0.00 8,179,010.22
1-A-9 0.00 0.00 0.00 0.00 0.00
1-A-10 0.00 0.00 0.00 0.00 0.00
1-A-11 0.00 0.00 2,052.65 0.00 353,935.68
1-A-12 0.00 0.00 128,333.33 0.00 22,000,000.00
1-A-PO 0.00 0.00 0.00 0.00 135,338.11
2-A-1 0.00 0.00 431,372.72 0.00 74,545,688.44
2-A-2 0.00 0.00 97,386.40 0.00 13,715,946.85
2-A-3 0.00 0.00 346,449.34 0.00 58,604,502.55
2-A-4 0.00 0.00 137,120.62 0.00 24,377,000.00
2-A-5 0.00 0.00 80,437.50 0.00 14,300,000.00
2-A-6 0.00 0.00 168,294.37 0.00 29,918,999.90
2-A-PO 0.00 0.00 0.00 0.00 92,386.63
1-A-LR 0.00 0.00 0.58 0.00 100.00
1-A-R 0.00 0.00 0.58 0.00 100.00
1-M 0.00 0.00 14,475.46 0.00 2,479,469.62
2-M 0.00 0.00 19,153.54 0.00 3,402,395.54
1-B-1 0.00 0.00 15,627.25 0.00 2,676,756.49
1-B-2 0.00 0.00 6,371.29 0.00 1,091,323.54
1-B-3 0.00 0.00 4,861.81 0.00 832,768.69
1-B-4 0.00 0.00 1,736.36 0.00 297,417.39
1-B-5 0.00 0.00 3,243.95 0.00 555,648.88
2-B-1 0.00 0.00 21,447.95 0.00 3,809,969.01
2-B-2 0.00 0.00 7,659.18 0.00 1,360,561.55
2-B-3 0.00 0.00 5,364.78 0.00 952,988.08
2-B-4 0.00 0.00 3,059.21 0.00 543,431.29
2-B-5 0.00 0.00 4,601.65 0.00 817,427.78
Totals 0.00 0.00 2,267,210.96 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>
1-A-1 25,000,000.00 6.60000% 1000.00000000 5.50000000 0.00000000 0.00000000
1-A-2 38,756,000.00 6.35000% 1000.00000000 5.29166658 0.00000000 0.00000000
1-A-3 4,524,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
1-A-4 0.00 7.00000% 1000.00000000 5.83333396 0.00000000 0.00000000
1-A-5 48,075,000.00 7.00000% 713.89825772 4.16440645 0.00000000 0.00000000
1-A-6 23,834,000.00 6.75000% 702.44197029 3.95123605 0.00000000 0.00000000
1-A-7 4,343,000.00 9.00000% 696.30265715 5.22227032 0.00000000 0.00000000
1-A-8 13,645,000.00 6.80000% 682.89428582 3.86973397 0.00000000 0.00000000
1-A-9 7,512,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-10 3,876,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-11 332,000.00 7.00000% 1059.88864458 6.18268072 0.00000000 0.00000000
1-A-12 22,000,000.00 7.00000% 1000.00000000 5.83333318 0.00000000 0.00000000
1-A-PO 143,813.67 0.00000% 942.04132333 0.00000000 0.00000000 0.00000000
2-A-1 101,161,000.00 6.52000% 784.82569083 4.26421961 0.00000000 0.00000000
2-A-2 18,613,000.00 8.00000% 784.82569065 5.23217106 0.00000000 0.00000000
2-A-3 75,000,000.00 6.75000% 821.21325760 4.61932453 0.00000000 0.00000000
2-A-4 24,377,000.00 6.75000% 1000.00000000 5.62499979 0.00000000 0.00000000
2-A-5 14,300,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2-A-6 29,919,000.00 6.75000% 999.99999666 5.62499983 0.00000000 0.00000000
2-A-PO 94,016.24 0.00000% 983.58655909 0.00000000 0.00000000 0.00000000
1-A-LR 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
1-A-R 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
1-M 2,501,000.00 7.00000% 992.20635746 5.78786885 0.00000000 0.00000000
2-M 3,431,000.00 6.75000% 992.44352667 5.58249490 0.00000000 0.00000000
1-B-1 2,700,000.00 7.00000% 992.20635556 5.78787037 0.00000000 0.00000000
1-B-2 1,100,800.00 7.00000% 992.20635901 5.78787246 0.00000000 0.00000000
1-B-3 840,000.00 7.00000% 992.20635714 5.78786905 0.00000000 0.00000000
1-B-4 300,000.00 7.00000% 992.20636667 5.78786667 0.00000000 0.00000000
1-B-5 560,473.83 7.00000% 992.20636225 5.78787060 0.00000000 0.00000000
2-B-1 3,842,000.00 6.75000% 992.44352681 5.58249610 0.00000000 0.00000000
2-B-2 1,372,000.00 6.75000% 992.44352770 5.58249271 0.00000000 0.00000000
2-B-3 961,000.00 6.75000% 992.44352758 5.58249740 0.00000000 0.00000000
2-B-4 548,000.00 6.75000% 992.44354015 5.58250000 0.00000000 0.00000000
2-B-5 824,299.20 6.75000% 992.44436971 5.58249966 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>
1-A-1 0.00000000 0.00000000 5.50000000 0.00000000 1000.00000000
1-A-2 0.00000000 0.00000000 5.29166658 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
1-A-4 0.00000000 0.00000000 5.83333396 0.00000000 1000.00000000
1-A-5 0.00000000 0.00000000 4.16440645 0.00000000 626.62837129
1-A-6 0.00000000 0.00000000 3.95123605 0.00000000 616.57254804
1-A-7 0.00000000 0.00000000 5.22227032 0.00000000 611.18373014
1-A-8 0.00000000 0.00000000 3.86973397 0.00000000 599.41445365
1-A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-11 0.00000000 0.00000000 6.18268072 0.00000000 1066.07132530
1-A-12 0.00000000 0.00000000 5.83333318 0.00000000 1000.00000000
1-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 941.06568590
2-A-1 0.00000000 0.00000000 4.26421961 0.00000000 736.90145847
2-A-2 0.00000000 0.00000000 5.23217106 0.00000000 736.90145866
2-A-3 0.00000000 0.00000000 4.61932453 0.00000000 781.39336733
2-A-4 0.00000000 0.00000000 5.62499979 0.00000000 1000.00000000
2-A-5 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
2-A-6 0.00000000 0.00000000 5.62499983 0.00000000 999.99999666
2-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 982.66671801
1-A-LR 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
1-A-R 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
1-M 0.00000000 0.00000000 5.78786885 0.00000000 991.39129148
2-M 0.00000000 0.00000000 5.58249490 0.00000000 991.66293792
1-B-1 0.00000000 0.00000000 5.78787037 0.00000000 991.39129259
1-B-2 0.00000000 0.00000000 5.78787246 0.00000000 991.39129724
1-B-3 0.00000000 0.00000000 5.78786905 0.00000000 991.39129762
1-B-4 0.00000000 0.00000000 5.78786667 0.00000000 991.39130000
1-B-5 0.00000000 0.00000000 5.78787060 0.00000000 991.39130189
2-B-1 0.00000000 0.00000000 5.58249610 0.00000000 991.66293857
2-B-2 0.00000000 0.00000000 5.58249271 0.00000000 991.66293732
2-B-3 0.00000000 0.00000000 5.58249740 0.00000000 991.66293444
2-B-4 0.00000000 0.00000000 5.58250000 0.00000000 991.66293796
2-B-5 0.00000000 0.00000000 5.58249966 0.00000000 991.66392494
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
IA7 COMP A 9.00000% 0.00 0.00 931,467.81 817,601.31 59.94144501%
IA7 COMP B 9.00000% 0.00 0.00 2,092,574.63 1,836,769.62 61.65725478%
A9 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A9 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A9 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 18,897,080.19
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 21,304.83
Realized Losses 0.00
Total Deposits 18,918,385.02
Withdrawals
Reimbursement for Servicer Advances 94,774.37
Payment of Service Fee 65,816.87
Payment of Interest and Principal 18,757,793.78
Total Withdrawals (Pool Distribution Amount) 18,918,385.02
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 22,247.94
Servicing Fee Support 22,247.94
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 82,767.68
Master Servicing Fee 5,297.13
Supported Prepayment/Curtailment Interest Shortfall 22,247.94
Net Servicing Fee 65,816.87
</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 5 1,220,287.45 0.382555% 0.320455%
60 Days 1 84,710.08 0.076511% 0.022245%
90+ Days 3 988,937.75 0.229533% 0.259701%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 9 2,293,935.28 0.688600% 0.602402%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 117.31
Cumulative Realized Losses - Includes Interest Shortfall 3,975.60
Principal Balance of Contaminated Properties 0.00
Periodic Advance 639,054.55
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.680494%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 268
Begin Scheduled Collateral Loan Count 1,362
Number Of Loans Paid In Full 55
End Scheduled Collateral Loan Count 1,307
Begining Scheduled Collateral Balance 397,288,786.35
Ending Scheduled Collateral Balance 380,798,086.25
Ending Actual Collateral Balance at 30-Nov-1998 93,421,197.10
Ending Scheduled Balance For Norwest 310,108,116.70
Ending Scheduled Balance For Other Services 70,689,969.55
Monthly P &I Constant 2,684,844.07
Class A Optimal Amount 18,634,990.06
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 366,780,961.48
Ending scheduled Balance For discounted Loans 14,017,124.77
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 314,843,769.66
Greater Than 80%, less than or equal to 85% 6,453,804.20
Greater than 85%, less than or equal to 95% 59,562,649.44
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2
Collateral Description Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 7.715253 7.656533
Weighted Average Net Rate 6.994150 6.747346
Weighted Average Maturity 346.00 347.00
Beginning Loan Count 571 791
Loans Paid In Full 27 28
Ending Loan Count 544 763
Beginning Scheduled Balance 162,112,264.03 235,176,522.32
Ending scheduled Balance 154,356,788.61 226,441,297.64
Record Date 11/30/1998 11/30/1998
Principal And Interest Constant 1,119,231.12 1,565,612.94
Scheduled Principal 133,190.21 184,986.40
Unscheduled Principal 7,622,285.21 8,550,238.28
Scheduled Interest 980,795.58 1,374,459.22
Servicing Fees 33,773.26 48,994.42
Master Servicing Fees 2,161.49 3,135.64
Trustee Fee 0.00 0.00
FRY Amount 61,481.31 126,050.36
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 883,379.53 1,196,278.80
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group
30 Days 60 Days 90 + Days Foreclosure REO Bankruptc
1 Principal Balance 640,699.96 84,710.08 389,951.44 0.00 0.00 0.00
Percentage Of Balanc 0.415% 0.055% 0.253% 0.000% 0.000% 0.000%
Loan Count 3 1 1 0 0 0
Percentage Of Loans 0.551% 0.184% 0.184% 0.000% 0.000% 0.000%
2 Principal Balance 579,587.49 0.00 598,986.31 0.00 0.00 0.00
Percentage Of Balanc 0.256% 0.000% 0.265% 0.000% 0.000% 0.000%
Loan Count 2 0 2 0 0 0
Percentage Of Loans 0.262% 0.000% 0.262% 0.000% 0.000% 0.000%
</TABLE>
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