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Previous: CLEVELAND INDIANS BASEBALL CO INC, 10-Q, 1998-11-10 |
Next: CENTEX HOME EQ CORP HOME EQ LOAN ASS BACK CERT SR 1991 1 TR, 8-K, 1998-11-10 |
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): October 26, 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 October 26, 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
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-5 Trust
relating to the October 26, 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 1998-5 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 11/04/1998
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 October 26,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 09/30/1998
Distribution Date: 10/26/1998
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% 45,993,815.83 268,297.26 1,833,618.46
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% 78,116.62 455.68 -455.68
A-10 66937NB64 SCH 6.90000% 78,625,427.39 452,096.21 3,132,230.82
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% 83,276.08 478.84 -478.84
A-14 66937NC22 PO 0.00000% 3,456,554.85 0.00 137,533.36
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 20.91 0.00
APO NMB9805PO PO 0.00000% 30,208.80 0.00 27.51
M 66937NC63 MEZ 6.75000% 3,732,194.02 20,993.59 2,928.81
B-1 66937NC71 SUB 6.75000% 5,224,275.85 29,386.55 4,099.71
B-2 66937NA40 SUB 6.75000% 1,343,868.37 7,559.26 1,054.59
B-3 66937NC89 SUB 6.75000% 1,044,457.28 5,875.07 819.63
B-4 66937NC97 SUB 6.75000% 597,827.45 3,362.78 469.14
B-5 66937ND21 SUB 6.75000% 746,489.05 4,199.00 585.80
Totals 273,526,711.59 1,538,431.97 5,112,433.31
</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 44,160,197.37 2,101,915.72 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 78,572.30 0.00 0.00
A-10 0.00 75,493,196.57 3,584,327.03 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 83,754.92 0.00 0.00
A-14 0.00 3,319,021.49 137,533.36 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 20.91 0.00
APO 0.00 30,181.29 27.51 0.00
M 0.00 3,729,265.21 23,922.40 0.00
B-1 0.00 5,220,176.14 33,486.26 0.00
B-2 0.00 1,342,813.78 8,613.85 0.00
B-3 0.00 1,043,637.65 6,694.70 0.00
B-4 0.00 597,358.31 3,831.92 0.00
B-5 0.00 745,903.25 4,784.80 329.86
Totals 0.00 268,414,278.28 6,650,865.28 329.86
<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 45,993,815.83 73,549.09 1,760,069.37 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 78,116.62 0.00 0.00 -455.68 0.00
A-10 83,120,000.00 78,625,427.39 125,638.32 3,006,592.50 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 83,276.08 0.00 0.00 -478.84 0.00
A-14 4,172,000.00 3,456,554.85 5,516.66 132,016.70 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 30,208.80 26.72 0.79 0.00 0.00
M 3,752,000.00 3,732,194.02 2,928.81 0.00 0.00 0.00
B-1 5,252,000.00 5,224,275.85 4,099.71 0.00 0.00 0.00
B-2 1,351,000.00 1,343,868.37 1,054.59 0.00 0.00 0.00
B-3 1,050,000.00 1,044,457.28 819.63 0.00 0.00 0.00
B-4 601,000.00 597,827.45 469.14 0.00 0.00 0.00
B-5 750,450.52 746,489.05 585.80 0.00 0.00 0.00
Totals 300,136,955.08 273,526,611.59 214,688.47 4,898,679.36 (934.52) 0.00
<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 1,833,618.46 44,160,197.37 0.88320395 1,833,618.46
A-7 0.00 0.00 0.00000000 0.00
A-8 0.00 0.00 0.00000000 0.00
A-9 (455.68) 78,572.30 1.04763067 (455.68)
A-10 3,132,230.82 75,493,196.57 0.90824346 3,132,230.82
A-11 0.00 0.00 0.00000000 0.00
A-12 0.00 0.00 0.00000000 0.00
A-13 (478.84) 83,754.92 1.04693650 (478.84)
A-14 137,533.36 3,319,021.49 0.79554686 137,533.36
A-15 0.00 33,000,000.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 27.51 30,181.29 0.99265669 27.51
M 2,928.81 3,729,265.21 0.99394062 2,928.81
B-1 4,099.71 5,220,176.14 0.99394062 4,099.71
B-2 1,054.59 1,342,813.78 0.99394062 1,054.59
B-3 819.63 1,043,637.65 0.99394062 819.63
B-4 469.14 597,358.31 0.99394062 469.14
B-5 585.80 745,903.25 0.99394061 585.80
Totals 5,112,433.31 268,414,178.28 0.89430566 5,112,433.31
</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 50,000,000.00 919.87631660 1.47098180 35.20138740 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 1041.55493333 0.00000000 0.00000000 -6.07573333
A-10 83,120,000.00 945.92670103 1.51152936 36.17170958 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 1040.95100000 0.00000000 0.00000000 -5.98550000
A-14 4,172,000.00 828.51266779 1.32230585 31.64350431 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 30,404.56 993.56149209 0.87881555 0.02598294 0.00000000
M 3,752,000.00 994.72122068 0.78059968 0.00000000 0.00000000
B-1 5,252,000.00 994.72122049 0.78059977 0.00000000 0.00000000
B-2 1,351,000.00 994.72122132 0.78059956 0.00000000 0.00000000
B-3 1,050,000.00 994.72121905 0.78060000 0.00000000 0.00000000
B-4 601,000.00 994.72121464 0.78059900 0.00000000 0.00000000
B-5 750,450.52 994.72121093 0.78059777 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 36.67236920 883.20394740 0.88320395 36.67236920
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 -6.07573333 1,047.63066667 1.04763067 -6.07573333
A-10 0.00000000 37.68323893 908.24346210 0.90824346 37.68323893
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 -5.98550000 1,046.93650000 1.04693650 -5.98550000
A-14 0.00000000 32.96581016 795.54685762 0.79554686 32.96581016
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 0.90479849 992.65669360 0.99265669 0.90479849
M 0.00000000 0.78059968 993.94062100 0.99394062 0.78059968
B-1 0.00000000 0.78059977 993.94062072 0.99394062 0.78059977
B-2 0.00000000 0.78059956 993.94062176 0.99394062 0.78059956
B-3 0.00000000 0.78060000 993.94061905 0.99394062 0.78060000
B-4 0.00000000 0.78059900 993.94061564 0.99394062 0.78059900
B-5 0.00000000 0.78059777 993.94061317 0.99394061 0.78059777
<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% 45,993,815.83 268,297.26 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% 78,116.62 455.68 0.00 0.00
A-10 83,120,000.00 6.90000% 78,625,427.39 452,096.21 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% 83,276.08 478.84 0.00 0.00
A-14 4,172,000.00 0.00000% 3,456,554.85 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% 30,208.80 0.00 0.00 0.00
M 3,752,000.00 6.75000% 3,732,194.02 20,993.59 0.00 0.00
B-1 5,252,000.00 6.75000% 5,224,275.85 29,386.55 0.00 0.00
B-2 1,351,000.00 6.75000% 1,343,868.37 7,559.26 0.00 0.00
B-3 1,050,000.00 6.75000% 1,044,457.28 5,875.07 0.00 0.00
B-4 601,000.00 6.75000% 597,827.45 3,362.78 0.00 0.00
B-5 750,450.52 6.75000% 746,489.05 4,199.00 0.00 0.00
Totals 300,137,055.08 1,538,411.62 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 0.00 268,297.26 0.00 44,160,197.37
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 0.00 455.68 0.00 78,572.30
A-10 0.00 0.00 452,096.21 0.00 75,493,196.57
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 0.00 478.84 0.00 83,754.92
A-14 0.00 0.00 0.00 0.00 3,319,021.49
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 20.91 0.00 100.00
APO 0.00 0.00 0.00 0.00 30,181.29
M 0.00 0.00 20,993.59 0.00 3,729,265.21
B-1 0.00 0.00 29,386.55 0.00 5,220,176.14
B-2 0.00 0.00 7,559.26 0.00 1,342,813.78
B-3 0.00 0.00 5,875.07 0.00 1,043,637.65
B-4 0.00 0.00 3,362.78 0.00 597,358.31
B-5 0.00 0.00 4,199.00 0.00 745,903.25
Totals 0.00 0.00 1,538,431.97 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% 919.87631660 5.36594520 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% 1041.55493333 6.07573333 0.00000000 0.00000000
A-10 83,120,000.00 6.90000% 945.92670103 5.43907856 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% 1040.95100000 5.98550000 0.00000000 0.00000000
A-14 4,172,000.00 0.00000% 828.51266779 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% 993.56149209 0.00000000 0.00000000 0.00000000
M 3,752,000.00 6.75000% 994.72122068 5.59530650 0.00000000 0.00000000
B-1 5,252,000.00 6.75000% 994.72122049 5.59530655 0.00000000 0.00000000
B-2 1,351,000.00 6.75000% 994.72122132 5.59530718 0.00000000 0.00000000
B-3 1,050,000.00 6.75000% 994.72121905 5.59530476 0.00000000 0.00000000
B-4 601,000.00 6.75000% 994.72121464 5.59530782 0.00000000 0.00000000
B-5 750,450.52 6.75000% 994.72121093 5.59530560 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 5.36594520 0.00000000 883.20394740
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 6.07573333 0.00000000 1047.63066667
A-10 0.00000000 0.00000000 5.43907856 0.00000000 908.24346210
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 5.98550000 0.00000000 1046.93650000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 795.54685762
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 209.10000000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 992.65669360
M 0.00000000 0.00000000 5.59530650 0.00000000 993.94062100
B-1 0.00000000 0.00000000 5.59530655 0.00000000 993.94062072
B-2 0.00000000 0.00000000 5.59530718 0.00000000 993.94062176
B-3 0.00000000 0.00000000 5.59530476 0.00000000 993.94061905
B-4 0.00000000 0.00000000 5.59530782 0.00000000 993.94061564
B-5 0.00000000 0.00000000 5.59530560 0.00000000 993.94061317
<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 6,654,037.79
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 64,736.92
Realized Losses 0.00
Total Deposits 6,718,774.71
Withdrawals
Reimbursement for Servicer Advances 9,574.00
Payment of Service Fee 58,335.43
Payment of Interest and Principal 6,650,865.27
Total Withdrawals (Pool Distribution Amount) 6,718,774.70
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,296.20
Servicing Fee Support 2,296.20
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 56,984.62
Master Servicing Fee 3,647.01
Supported Prepayment/Curtailment Interest Shortfall 2,296.20
Net Servicing Fee 58,335.43
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 1 284,785.93 0.118765% 0.106099%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 293,154.73 0.118765% 0.109217%
REO 0 0.00 0.000000% 0.000000%
Totals 2 577,940.66 0.237530% 0.215317%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 329.86
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 289,664.82
</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% 8,949,889.13 3.33435657% 1.389525% 0.000000%
Class B-1 3,752,450.52 1.25024566% 3,729,712.99 1.38953599% 1.945039% 0.000000%
Class B-2 2,401,450.52 0.80011797% 2,386,899.21 0.88925940% 0.500333% 0.000000%
Class B-3 1,351,450.52 0.45027780% 1,343,261.56 0.50044341% 0.388860% 0.000000%
Class B-4 750,450.52 0.25003594% 745,903.25 0.27789254% 0.222576% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.277924% 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 0.03725584%
Fraud 6,002,741.10 2.00000000% 6,002,741.10 2.23637175%
Special Hazard 3,001,370.55 1.00000000% 3,001,370.55 1.11818588%
<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 7.619217%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 349
Begin Scheduled Collateral Loan Count 856
Number Of Loans Paid In Full 14
End Scheduled Collateral Loan Count 842
Begining Scheduled Collateral Balance 273,526,711.60
Ending Scheduled Collateral Balance 268,414,278.29
Ending Actual Collateral Balance at 30-Sep-1998 272,035,091.13
Ending Scheduled Balance For Norwest 252,445,010.12
Ending Scheduled Balance For Other Services 15,969,268.17
Monthly P &I Constant 1,817,581.78
Class A Optimal Amount 6,569,482.93
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 264,576,641.30
Ending scheduled Balance For discounted Loans 3,837,636.99
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 229,010,384.20
Greater Than 80%, less than or equal to 85% 4,119,927.49
Greater than 85%, less than or equal to 95% 35,313,533.60
Greater than 95% 0.00
</TABLE>
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