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Previous: CLEVELAND INDIANS BASEBALL CO INC, SC 13G, 1998-12-08 |
Next: IMPAC SECURED ASSETS CMN TRUST SERIES 1998-1, 8-K, 1998-12-08 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-5 Trust
New York (governing law of 333-45021-01 52-2084369
Pooling and Servicing Agreement) (Commission 52-2084370
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On November 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-5
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
1998-5 Trust, relating to the November 25,
1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATOIN
Mortgage Pass-Through Certificates, Series 1998-5 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/04/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-5 Trust, relating to the November 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 10/30/1998
Distribution Date: 11/25/1998
NASCOR Series: 1998-5
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 66937NA57 PAC 6.40000% 24,153,000.00 128,816.00 0.00
A-2 66937NA65 PAC 6.40000% 19,127,000.00 102,010.67 0.00
A-3 66937NA73 PAC 6.50000% 42,700,000.00 231,291.67 0.00
A-4 66937NA81 PAC 6.75000% 13,590,000.00 76,443.75 0.00
A-5 66937NA99 IO 6.75000% 0.00 21,519.17 0.00
A-6 66937NB23 SCH 7.00000% 44,160,197.37 257,601.15 3,494,097.68
A-7 66937NB31 SEQ 7.00000% 0.00 0.00 0.00
A-8 66937NB49 SEQ 7.00000% 0.00 0.00 0.00
A-9 66937NB56 SEQ 7.00000% 78,572.30 458.34 -458.34
A-10 66937NB64 SCH 6.90000% 75,493,196.57 434,085.88 5,968,970.62
A-11 66937NB72 SEQ 6.90000% 0.00 0.00 0.00
A-12 66937NB80 SEQ 6.90000% 0.00 0.00 0.00
A-13 66937NB98 SEQ 6.90000% 83,754.92 481.59 -481.59
A-14 66937NC22 PO 0.00000% 3,319,021.49 0.00 262,110.91
A-15 66937NC30 SEQ 6.75000% 33,000,000.00 185,625.00 0.00
A-R 66937NC48 R 6.75000% 100.00 0.56 0.00
A-LR 66937NC55 LR 6.75000% 100.00 0.56 0.00
APO NMB9805PO PO 0.00000% 30,181.29 0.00 31.21
M 66937NC63 MEZ 6.75000% 3,729,265.21 20,977.12 2,904.22
B-1 66937NC71 SUB 6.75000% 5,220,176.14 29,363.49 4,065.29
B-2 66937NA40 SUB 6.75000% 1,342,813.78 7,553.33 1,045.74
B-3 66937NC89 SUB 6.75000% 1,043,637.65 5,870.46 812.75
B-4 66937NC97 SUB 6.75000% 597,358.31 3,360.14 465.20
B-5 66937ND21 SUB 6.75000% 745,903.25 4,195.71 534.92
Totals 268,414,278.28 1,509,654.59 9,734,098.61
</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 24,153,000.00 128,816.00 0.00
A-2 0.00 19,127,000.00 102,010.67 0.00
A-3 0.00 42,700,000.00 231,291.67 0.00
A-4 0.00 13,590,000.00 76,443.75 0.00
A-5 0.00 0.00 21,519.17 0.00
A-6 0.00 40,666,099.69 3,751,698.83 0.00
A-7 0.00 0.00 0.00 0.00
A-8 0.00 0.00 0.00 0.00
A-9 0.00 79,030.64 0.00 0.00
A-10 0.00 69,524,225.96 6,403,056.50 0.00
A-11 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00
A-13 0.00 84,236.51 0.00 0.00
A-14 0.00 3,056,910.58 262,110.91 0.00
A-15 0.00 33,000,000.00 185,625.00 0.00
A-R 0.00 100.00 0.56 0.00
A-LR 0.00 100.00 0.56 0.00
APO 0.00 30,150.08 31.21 0.00
M 0.00 3,726,360.99 23,881.34 0.00
B-1 0.00 5,216,110.86 33,428.78 0.00
B-2 0.00 1,341,768.04 8,599.07 0.00
B-3 0.00 1,042,824.90 6,683.21 0.00
B-4 0.00 596,893.11 3,825.34 0.00
B-5 45.96 745,322.36 4,730.63 375.82
Totals 45.96 258,680,133.72 11,243,753.20 375.82
<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 24,153,000.00 24,153,000.00 0.00 0.00 0.00 0.00
A-2 19,127,000.00 19,127,000.00 0.00 0.00 0.00 0.00
A-3 42,700,000.00 42,700,000.00 0.00 0.00 0.00 0.00
A-4 13,590,000.00 13,590,000.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 50,000,000.00 44,160,197.37 71,552.44 3,422,545.24 0.00 0.00
A-7 4,108,000.00 0.00 0.00 0.00 0.00 0.00
A-8 1,425,000.00 0.00 0.00 0.00 0.00 0.00
A-9 75,000.00 78,572.30 0.00 0.00 -458.34 0.00
A-10 83,120,000.00 75,493,196.57 122,233.11 5,846,737.51 0.00 0.00
A-11 9,200,000.00 0.00 0.00 0.00 0.00 0.00
A-12 2,600,000.00 0.00 0.00 0.00 0.00 0.00
A-13 80,000.00 83,754.92 0.00 0.00 -481.59 0.00
A-14 4,172,000.00 3,319,021.49 5,367.53 256,743.38 0.00 0.00
A-15 33,000,000.00 33,000,000.00 0.00 0.00 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
APO 30,404.56 30,181.29 26.87 4.34 0.00 0.00
M 3,752,000.00 3,729,265.21 2,904.22 0.00 0.00 0.00
B-1 5,252,000.00 5,220,176.14 4,065.29 0.00 0.00 0.00
B-2 1,351,000.00 1,342,813.78 1,045.74 0.00 0.00 0.00
B-3 1,050,000.00 1,043,637.65 812.75 0.00 0.00 0.00
B-4 601,000.00 597,358.31 465.20 0.00 0.00 0.00
B-5 750,450.52 745,903.25 534.92 0.00 0.00 45.96
Totals 300,136,955.08 268,414,178.28 209,008.07 9,526,030.47 (939.93) 45.96
<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 (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 0.00 24,153,000.00 1.00000000 0.00
A-2 0.00 19,127,000.00 1.00000000 0.00
A-3 0.00 42,700,000.00 1.00000000 0.00
A-4 0.00 13,590,000.00 1.00000000 0.00
A-5 0.00 0.00 0.00000000 0.00
A-6 3,494,097.68 40,666,099.69 0.81332199 3,494,097.68
A-7 0.00 0.00 0.00000000 0.00
A-8 0.00 0.00 0.00000000 0.00
A-9 (458.34) 79,030.64 1.05374187 (458.34)
A-10 5,968,970.62 69,524,225.96 0.83643198 5,968,970.62
A-11 0.00 0.00 0.00000000 0.00
A-12 0.00 0.00 0.00000000 0.00
A-13 (481.59) 84,236.51 1.05295637 (481.59)
A-14 262,110.91 3,056,910.58 0.73272066 262,110.91
A-15 0.00 33,000,000.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 31.21 30,150.08 0.99163020 31.21
M 2,904.22 3,726,360.99 0.99316658 2,904.22
B-1 4,065.29 5,216,110.86 0.99316658 4,065.29
B-2 1,045.74 1,341,768.04 0.99316657 1,045.74
B-3 812.75 1,042,824.90 0.99316657 812.75
B-4 465.20 596,893.11 0.99316657 465.20
B-5 580.88 745,322.36 0.99316656 534.92
Totals 9,734,144.57 258,680,033.72 0.86187332 9,734,098.61
</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 24,153,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 19,127,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 42,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 13,590,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-6 50,000,000.00 883.20394740 1.43104880 68.45090480 0.00000000
A-7 4,108,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-8 1,425,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-9 75,000.00 1047.63066667 0.00000000 0.00000000 -6.11120000
A-10 83,120,000.00 908.24346210 1.47056196 70.34092288 0.00000000
A-11 9,200,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-12 2,600,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-13 80,000.00 1046.93650000 0.00000000 0.00000000 -6.01987500
A-14 4,172,000.00 795.54685762 1.28656040 61.53964046 0.00000000
A-15 33,000,000.00 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 30,404.56 992.65669360 0.88374902 0.14274175 0.00000000
M 3,752,000.00 993.94062100 0.77404584 0.00000000 0.00000000
B-1 5,252,000.00 993.94062072 0.77404608 0.00000000 0.00000000
B-2 1,351,000.00 993.94062176 0.77404885 0.00000000 0.00000000
B-3 1,050,000.00 993.94061905 0.77404762 0.00000000 0.00000000
B-4 601,000.00 993.94061564 0.77404326 0.00000000 0.00000000
B-5 750,450.52 993.94061317 0.71279849 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-6 0.00000000 69.88195360 813.32199380 0.81332199 69.88195360
A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-9 0.00000000 -6.11120000 1,053.74186667 1.05374187 -6.11120000
A-10 0.00000000 71.81148484 836.43197738 0.83643198 71.81148484
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-13 0.00000000 -6.01987500 1,052.95637500 1.05295637 -6.01987500
A-14 0.00000000 62.82620086 732.72065676 0.73272066 62.82620086
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
APO 0.00000000 1.02649076 991.63020284 0.99163020 1.02649076
M 0.00000000 0.77404584 993.16657516 0.99316658 0.77404584
B-1 0.00000000 0.77404608 993.16657654 0.99316658 0.77404608
B-2 0.00000000 0.77404885 993.16657291 0.99316657 0.77404885
B-3 0.00000000 0.77404762 993.16657143 0.99316657 0.77404762
B-4 0.00000000 0.77404326 993.16657238 0.99316657 0.77404326
B-5 0.06124321 0.77404170 993.16655814 0.99316656 0.71279849
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 24,153,000.00 6.40000% 24,153,000.00 128,816.00 0.00 0.00
A-2 19,127,000.00 6.40000% 19,127,000.00 102,010.67 0.00 0.00
A-3 42,700,000.00 6.50000% 42,700,000.00 231,291.67 0.00 0.00
A-4 13,590,000.00 6.75000% 13,590,000.00 76,443.75 0.00 0.00
A-5 0.00 6.75000% 3,825,629.63 21,519.17 0.00 0.00
A-6 50,000,000.00 7.00000% 44,160,197.37 257,601.15 0.00 0.00
A-7 4,108,000.00 7.00000% 0.00 0.00 0.00 0.00
A-8 1,425,000.00 7.00000% 0.00 0.00 0.00 0.00
A-9 75,000.00 7.00000% 78,572.30 458.34 0.00 0.00
A-10 83,120,000.00 6.90000% 75,493,196.57 434,085.88 0.00 0.00
A-11 9,200,000.00 6.90000% 0.00 0.00 0.00 0.00
A-12 2,600,000.00 6.90000% 0.00 0.00 0.00 0.00
A-13 80,000.00 6.90000% 83,754.92 481.59 0.00 0.00
A-14 4,172,000.00 0.00000% 3,319,021.49 0.00 0.00 0.00
A-15 33,000,000.00 6.75000% 33,000,000.00 185,625.00 0.00 0.00
A-R 100.00 6.75000% 100.00 0.56 0.00 0.00
A-LR 100.00 6.75000% 100.00 0.56 0.00 0.00
APO 30,404.56 0.00000% 30,181.29 0.00 0.00 0.00
M 3,752,000.00 6.75000% 3,729,265.21 20,977.12 0.00 0.00
B-1 5,252,000.00 6.75000% 5,220,176.14 29,363.49 0.00 0.00
B-2 1,351,000.00 6.75000% 1,342,813.78 7,553.33 0.00 0.00
B-3 1,050,000.00 6.75000% 1,043,637.65 5,870.46 0.00 0.00
B-4 601,000.00 6.75000% 597,358.31 3,360.14 0.00 0.00
B-5 750,450.52 6.75000% 745,903.25 4,195.71 0.00 0.00
Totals 300,137,055.08 1,509,654.59 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 0.00 128,816.00 0.00 24,153,000.00
A-2 0.00 0.00 102,010.67 0.00 19,127,000.00
A-3 0.00 0.00 231,291.67 0.00 42,700,000.00
A-4 0.00 0.00 76,443.75 0.00 13,590,000.00
A-5 0.00 0.00 21,519.17 0.00 3,825,629.63
A-6 0.00 0.00 257,601.15 0.00 40,666,099.69
A-7 0.00 0.00 0.00 0.00 0.00
A-8 0.00 0.00 0.00 0.00 0.00
A-9 0.00 0.00 458.34 0.00 79,030.64
A-10 0.00 0.00 434,085.88 0.00 69,524,225.96
A-11 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 481.59 0.00 84,236.51
A-14 0.00 0.00 0.00 0.00 3,056,910.58
A-15 0.00 0.00 185,625.00 0.00 33,000,000.00
A-R 0.00 0.00 0.56 0.00 100.00
A-LR 0.00 0.00 0.56 0.00 100.00
APO 0.00 0.00 0.00 0.00 30,150.08
M 0.00 0.00 20,977.12 0.00 3,726,360.99
B-1 0.00 0.00 29,363.49 0.00 5,216,110.86
B-2 0.00 0.00 7,553.33 0.00 1,341,768.04
B-3 0.00 0.00 5,870.46 0.00 1,042,824.90
B-4 0.00 0.00 3,360.14 0.00 596,893.11
B-5 0.00 0.00 4,195.71 0.00 745,322.36
Totals 0.00 0.00 1,509,654.59 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 24,153,000.00 6.40000% 1000.00000000 5.33333333 0.00000000 0.00000000
A-2 19,127,000.00 6.40000% 1000.00000000 5.33333351 0.00000000 0.00000000
A-3 42,700,000.00 6.50000% 1000.00000000 5.41666674 0.00000000 0.00000000
A-4 13,590,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-5 0.00 6.75000% 1000.00000000 5.62500087 0.00000000 0.00000000
A-6 50,000,000.00 7.00000% 883.20394740 5.15202300 0.00000000 0.00000000
A-7 4,108,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A-8 1,425,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A-9 75,000.00 7.00000% 1047.63066667 6.11120000 0.00000000 0.00000000
A-10 83,120,000.00 6.90000% 908.24346210 5.22239990 0.00000000 0.00000000
A-11 9,200,000.00 6.90000% 0.00000000 0.00000000 0.00000000 0.00000000
A-12 2,600,000.00 6.90000% 0.00000000 0.00000000 0.00000000 0.00000000
A-13 80,000.00 6.90000% 1046.93650000 6.01987500 0.00000000 0.00000000
A-14 4,172,000.00 0.00000% 795.54685762 0.00000000 0.00000000 0.00000000
A-15 33,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-R 100.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
A-LR 100.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
APO 30,404.56 0.00000% 992.65669360 0.00000000 0.00000000 0.00000000
M 3,752,000.00 6.75000% 993.94062100 5.59091684 0.00000000 0.00000000
B-1 5,252,000.00 6.75000% 993.94062072 5.59091584 0.00000000 0.00000000
B-2 1,351,000.00 6.75000% 993.94062176 5.59091784 0.00000000 0.00000000
B-3 1,050,000.00 6.75000% 993.94061905 5.59091429 0.00000000 0.00000000
B-4 601,000.00 6.75000% 993.94061564 5.59091514 0.00000000 0.00000000
B-5 750,450.52 6.75000% 993.94061317 5.59092157 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 5.33333333 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.33333351 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.41666674 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.62500087 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.15202300 0.00000000 813.32199380
A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-9 0.00000000 0.00000000 6.11120000 0.00000000 1053.74186667
A-10 0.00000000 0.00000000 5.22239990 0.00000000 836.43197738
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-13 0.00000000 0.00000000 6.01987500 0.00000000 1052.95637500
A-14 0.00000000 0.00000000 0.00000000 0.00000000 732.72065676
A-15 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.60000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.60000000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 991.63020284
M 0.00000000 0.00000000 5.59091684 0.00000000 993.16657516
B-1 0.00000000 0.00000000 5.59091584 0.00000000 993.16657654
B-2 0.00000000 0.00000000 5.59091784 0.00000000 993.16657291
B-3 0.00000000 0.00000000 5.59091429 0.00000000 993.16657143
B-4 0.00000000 0.00000000 5.59091514 0.00000000 993.16657238
B-5 0.00000000 0.00000000 5.59092157 0.00000000 993.16655814
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 11,314,202.75
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 42,650.36
Realized Losses 0.00
Total Deposits 11,356,853.11
Withdrawals
Reimbursement for Servicer Advances 64,736.92
Payment of Service Fee 48,363.00
Payment of Interest and Principal 11,243,753.18
Total Withdrawals (Pool Distribution Amount) 11,356,853.10
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 11,135.31
Servicing Fee Support 11,135.31
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 55,919.46
Master Servicing Fee 3,578.85
Supported Prepayment/Curtailment Interest Shortfall 11,135.31
Net Servicing Fee 48,363.00
</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 3 509,195.45 0.367197% 0.196844%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 293,154.73 0.122399% 0.113327%
REO 0 0.00 0.000000% 0.000000%
Totals 4 802,350.18 0.489596% 0.310171%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 45.96
Cumulative Realized Losses - Includes Interest Shortfall 375.82
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 246,641.78
</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 M 9,004,450.52 3.00011290% 8,942,919.27 3.45713416% 1.440696% 0.000000%
Class B-1 3,752,450.52 1.25024566% 3,726,808.41 1.44070144% 2.016668% 0.000000%
Class B-2 2,401,450.52 0.80011797% 2,385,040.37 0.92200369% 0.518758% 0.000000%
Class B-3 1,351,450.52 0.45027780% 1,342,215.47 0.51887072% 0.403180% 0.000000%
Class B-4 750,450.52 0.25003594% 745,322.36 0.28812509% 0.230773% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.288159% 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 0.03331811% 100,000.00 0.03865778%
Fraud 6,002,741.10 2.00000000% 6,002,741.10 2.32052652%
Special Hazard 3,001,370.55 1.00000000% 3,001,370.55 1.16026326%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.617377%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 348
Begin Scheduled Collateral Loan Count 842
Number Of Loans Paid In Full 25
End Scheduled Collateral Loan Count 817
Begining Scheduled Collateral Balance 268,414,278.29
Ending Scheduled Collateral Balance 258,680,133.73
Ending Actual Collateral Balance at 30-Oct-1998 262,637,166.69
Ending Scheduled Balance For Norwest 243,042,536.47
Ending Scheduled Balance For Other Services 15,637,597.26
Monthly P &I Constant 1,785,266.08
Class A Optimal Amount 11,162,573.06
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 254,847,736.23
Ending scheduled Balance For discounted Loans 3,832,397.50
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 219,590,822.81
Greater Than 80%, less than or equal to 85% 4,115,687.71
Greater than 85%, less than or equal to 95% 34,999,435.35
Greater than 95% 0.00
</TABLE>
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