UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-45021-01 52-2084370
Pooling and Servicing Agreement) (Commission 52-2084369
(State or other File Number) (I.R.S. Employer
jurisdiction Identification No.)
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland 21703
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On March 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-5
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 March 25, 1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-5 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 4/07/98
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 March 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 2/27/98
Distribution Date: 3/25/98
NASCOR Series: 1998-5
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% 50,000,000.00 291,666.67 172,239.18
A-7 66937NB31 SEQ 7.00000% 4,108,000.00 23,963.33 943,217.28
A-8 66937NB49 SEQ 7.00000% 1,425,000.00 8,312.50 -8,312.50
A-9 66937NB56 SEQ 7.00000% 75,000.00 437.50 -437.50
A-10 66937NB64 SCH 6.90000% 83,120,000.00 477,940.00 299,918.56
A-11 66937NB72 SEQ 6.90000% 9,200,000.00 52,900.00 1,606,174.68
A-12 66937NB80 SEQ 6.90000% 2,600,000.00 14,950.00 -14,950.00
A-13 66937NB98 SEQ 6.90000% 80,000.00 460.00 -460.00
A-14 66937NC22 PO 0.00000% 4,172,000.00 0.00 83,030.85
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% 30,404.56 0.00 25.82
M 66937NC63 MEZ 6.75000% 3,752,000.00 21,105.00 2,763.16
B-1 66937NC71 SUB 6.75000% 5,252,000.00 29,542.50 3,867.84
B-2 66937NA40 SUB 6.75000% 1,351,000.00 7,599.38 994.94
B-3 66937NC89 SUB 6.75000% 1,050,000.00 5,906.25 773.27
B-4 66937NC97 SUB 6.75000% 601,000.00 3,380.62 442.61
B-5 66937ND21 SUB 6.75000% 750,450.52 4,221.28 486.69
Totals 300,137,055.08 1,688,092.41 3,089,774.88
</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 $49,827,760.82 $463,905.85 $0.00
A-7 $0.00 $3,164,782.72 $967,180.61 $0.00
A-8 $0.00 $1,433,312.50 $0.00 $0.00
A-9 $0.00 $75,437.50 $0.00 $0.00
A-10 $0.00 $82,820,081.44 $777,858.56 $0.00
A-11 $0.00 $7,593,825.32 $1,659,074.68 $0.00
A-12 $0.00 $2,614,950.00 $0.00 $0.00
A-13 $0.00 $80,460.00 $0.00 $0.00
A-14 $0.00 $4,088,969.15 $83,030.85 $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 $30,378.74 $25.82 $0.00
M $0.00 $3,749,236.84 $23,868.16 $0.00
B-1 $0.00 $5,248,132.16 $33,410.34 $0.00
B-2 $0.00 $1,350,005.06 $8,594.32 $0.00
B-3 $0.00 $1,049,226.73 $6,679.52 $0.00
B-4 $0.00 $600,557.39 $3,823.23 $0.00
B-5 $65.99 $749,897.84 $4,707.97 $65.99
Totals $65.99 $297,047,214.21 $4,777,867.29 $65.99
<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 50,000,000.00 11,832.52 160,406.66 0.00 0.00
A-7 4,108,000.00 4,108,000.00 66,443.54 900,737.07 -23,963.33 0.00
A-8 1,425,000.00 1,425,000.00 0.00 0.00 -8,312.50 0.00
A-9 75,000.00 75,000.00 0.00 0.00 -437.50 0.00
A-10 83,120,000.00 83,120,000.00 20,603.86 279,314.71 0.00 0.00
A-11 9,200,000.00 9,200,000.00 113,975.39 1,545,099.28 -52,900.00 0.00
A-12 2,600,000.00 2,600,000.00 0.00 0.00 -14,950.00 0.00
A-13 80,000.00 80,000.00 0.00 0.00 -460.00 0.00
A-14 4,172,000.00 4,172,000.00 5,704.07 77,326.78 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 30,404.56 25.59 0.24 0.00 0.00
M 3,752,000.00 3,752,000.00 2,763.16 0.00 0.00 0.00
B-1 5,252,000.00 5,252,000.00 3,867.84 0.00 0.00 0.00
B-2 1,351,000.00 1,351,000.00 994.94 0.00 0.00 0.00
B-3 1,050,000.00 1,050,000.00 773.27 0.00 0.00 0.00
B-4 601,000.00 601,000.00 442.61 0.00 0.00 0.00
B-5 750,450.52 750,450.52 486.69 0.00 0.00 65.99
Totals $300,136,955.08 $300,136,955.08 $227,913.48 $2,962,884.74 ($101,023.33) $65.99
<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 $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 $172,239.18 $49,827,760.82 0.99655522 $172,239.18
A-7 $943,217.28 $3,164,782.72 0.77039501 $943,217.28
A-8 ($8,312.50) $1,433,312.50 1.00583333 ($8,312.50)
A-9 ($437.50) $75,437.50 1.00583333 ($437.50)
A-10 $299,918.56 $82,820,081.44 0.99639174 $299,918.56
A-11 $1,606,174.68 $7,593,825.32 0.82541580 $1,606,174.68
A-12 ($14,950.00) $2,614,950.00 1.00575000 ($14,950.00)
A-13 ($460.00) $80,460.00 1.00575000 ($460.00)
A-14 $83,030.85 $4,088,969.15 0.98009807 $83,030.85
A-15 $0.00 $33,000,000.00 1.00000000 $0.00
A-LR $0.00 $100.00 1.00000000 $0.00
APO $25.82 $30,378.74 0.99915079 $25.82
M $2,763.16 $3,749,236.84 0.99926355 $2,763.16
B-1 $3,867.84 $5,248,132.16 0.99926355 $3,867.84
B-2 $994.94 $1,350,005.06 0.99926355 $994.94
B-3 $773.27 $1,049,226.73 0.99926355 $773.27
B-4 $442.61 $600,557.39 0.99926354 $442.61
B-5 $552.68 $749,897.84 0.99926354 $486.69
Totals $3,089,840.87 $297,047,114.21 0.98970523 $3,089,774.88
</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 1000.00000000 0.23665040 3.20813320 0.00000000
A-7 4,108,000.00 1000.00000000 16.17418208 219.26413583 -5.83333252
A-8 1,425,000.00 1000.00000000 0.00000000 0.00000000 -5.83333333
A-9 75,000.00 1000.00000000 0.00000000 0.00000000 -5.83333333
A-10 83,120,000.00 1000.00000000 0.24788090 3.36037909 0.00000000
A-11 9,200,000.00 1000.00000000 12.38862935 167.94557391 -5.75000000
A-12 2,600,000.00 1000.00000000 0.00000000 0.00000000 -5.75000000
A-13 80,000.00 1000.00000000 0.00000000 0.00000000 -5.75000000
A-14 4,172,000.00 1000.00000000 1.36722675 18.53470278 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 1000.00000000 0.84165007 0.00789355 0.00000000
M 3,752,000.00 1000.00000000 0.73644989 0.00000000 0.00000000
B-1 5,252,000.00 1000.00000000 0.73645088 0.00000000 0.00000000
B-2 1,351,000.00 1000.00000000 0.73644708 0.00000000 0.00000000
B-3 1,050,000.00 1000.00000000 0.73644762 0.00000000 0.00000000
B-4 601,000.00 1000.00000000 0.73645591 0.00000000 0.00000000
B-5 750,450.52 1000.00000000 0.64853043 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-6 0.00000000 3.44478360 996.55521640 0.99655522 3.44478360
A-7 0.00000000 229.60498539 770.39501461 0.77039501 229.60498539
A-8 0.00000000 -5.83333333 1005.83333333 1.00583333 -5.83333333
A-9 0.00000000 -5.83333333 1005.83333333 1.00583333 -5.83333333
A-10 0.00000000 3.60825987 996.39174013 0.99639174 3.60825987
A-11 0.00000000 174.58420435 825.41579565 0.82541580 174.58420435
A-12 0.00000000 -5.75000000 1005.75000000 1.00575000 -5.75000000
A-13 0.00000000 -5.75000000 1005.75000000 1.00575000 -5.75000000
A-14 0.00000000 19.90192953 980.09807047 0.98009807 19.90192953
A-15 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 0.84921472 999.15078528 0.99915079 0.84921472
M 0.00000000 0.73644989 999.26355011 0.99926355 0.73644989
B-1 0.00000000 0.73645088 999.26354912 0.99926355 0.73645088
B-2 0.00000000 0.73644708 999.26355292 0.99926355 0.73644708
B-3 0.00000000 0.73644762 999.26355238 0.99926355 0.73644762
B-4 0.00000000 0.73645591 999.26354409 0.99926354 0.73645591
B-5 0.08793385 0.73646428 999.26353572 0.99926354 0.64853043
<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 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% 50,000,000.00 291,666.67 0.00 0.00
A-7 4,108,000.00 7.00000% 4,108,000.00 23,963.33 0.00 0.00
A-8 1,425,000.00 7.00000% 1,425,000.00 8,312.50 0.00 0.00
A-9 75,000.00 7.00000% 75,000.00 437.50 0.00 0.00
A-10 83,120,000.00 6.90000% 83,120,000.00 477,940.00 0.00 0.00
A-11 9,200,000.00 6.90000% 9,200,000.00 52,900.00 0.00 0.00
A-12 2,600,000.00 6.90000% 2,600,000.00 14,950.00 0.00 0.00
A-13 80,000.00 6.90000% 80,000.00 460.00 0.00 0.00
A-14 4,172,000.00 0.00000% 4,172,000.00 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% 30,404.56 0.00 0.00 0.00
M 3,752,000.00 6.75000% 3,752,000.00 21,105.00 0.00 0.00
B-1 5,252,000.00 6.75000% 5,252,000.00 29,542.50 0.00 0.00
B-2 1,351,000.00 6.75000% 1,351,000.00 7,599.38 0.00 0.00
B-3 1,050,000.00 6.75000% 1,050,000.00 5,906.25 0.00 0.00
B-4 601,000.00 6.75000% 601,000.00 3,380.62 0.00 0.00
B-5 750,450.52 6.75000% 750,450.52 4,221.28 0.00 0.00
Totals 300,137,055.08 1,688,092.41 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 0.00 291,666.67 0.00 49,827,760.82
A-7 0.00 0.00 23,963.33 0.00 3,164,782.72
A-8 0.00 0.00 8,312.50 0.00 1,433,312.50
A-9 0.00 0.00 437.50 0.00 75,437.50
A-10 0.00 0.00 477,940.00 0.00 82,820,081.44
A-11 0.00 0.00 52,900.00 0.00 7,593,825.32
A-12 0.00 0.00 14,950.00 0.00 2,614,950.00
A-13 0.00 0.00 460.00 0.00 80,460.00
A-14 0.00 0.00 0.00 0.00 4,088,969.15
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 30,378.74
M 0.00 0.00 21,105.00 0.00 3,749,236.84
B-1 0.00 0.00 29,542.50 0.00 5,248,132.16
B-2 0.00 0.00 7,599.38 0.00 1,350,005.06
B-3 0.00 0.00 5,906.25 0.00 1,049,226.73
B-4 0.00 0.00 3,380.62 0.00 600,557.39
B-5 0.00 0.00 4,221.28 0.00 749,897.84
Totals 0.00 0.00 1,688,092.41 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 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% 1000.00000000 5.83333340 0.00000000 0.00000000
A-7 4,108,000.00 7.00000% 1000.00000000 5.83333252 0.00000000 0.00000000
A-8 1,425,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-9 75,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-10 83,120,000.00 6.90000% 1000.00000000 5.75000000 0.00000000 0.00000000
A-11 9,200,000.00 6.90000% 1000.00000000 5.75000000 0.00000000 0.00000000
A-12 2,600,000.00 6.90000% 1000.00000000 5.75000000 0.00000000 0.00000000
A-13 80,000.00 6.90000% 1000.00000000 5.75000000 0.00000000 0.00000000
A-14 4,172,000.00 0.00000% 1000.00000000 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% 1000.00000000 0.00000000 0.00000000 0.00000000
M 3,752,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-1 5,252,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-2 1,351,000.00 6.75000% 1000.00000000 5.62500370 0.00000000 0.00000000
B-3 1,050,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-4 601,000.00 6.75000% 1000.00000000 5.62499168 0.00000000 0.00000000
B-5 750,450.52 6.75000% 1000.00000000 5.62499444 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination
</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 5.83333340 0.00000000 996.55521640
A-7 0.00000000 0.00000000 5.83333252 0.00000000 770.39501461
A-8 0.00000000 0.00000000 5.83333333 0.00000000 1005.83333333
A-9 0.00000000 0.00000000 5.83333333 0.00000000 1005.83333333
A-10 0.00000000 0.00000000 5.75000000 0.00000000 996.39174013
A-11 0.00000000 0.00000000 5.75000000 0.00000000 825.41579565
A-12 0.00000000 0.00000000 5.75000000 0.00000000 1005.75000000
A-13 0.00000000 0.00000000 5.75000000 0.00000000 1005.75000000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 980.09807047
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 999.15078528
M 0.00000000 0.00000000 5.62500000 0.00000000 999.26355011
B-1 0.00000000 0.00000000 5.62500000 0.00000000 999.26354912
B-2 0.00000000 0.00000000 5.62500370 0.00000000 999.26355292
B-3 0.00000000 0.00000000 5.62500000 0.00000000 999.26355238
B-4 0.00000000 0.00000000 5.62499168 0.00000000 999.26354409
B-5 0.00000000 0.00000000 5.62499444 0.00000000 999.26353572
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
<FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,829,014.25
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 8,491.56
Realized Losses 0.00
Total Deposits 4,837,505.81
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 59,638.51
Payment of Interest and Principal 4,777,867.30
Total Withdrawals (Pool Distribution Amount) 4,837,505.81
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 6,886.52
Servicing Fee Support 6,886.52
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 62,523.52
Master Servicing Fee 4,001.51
Supported Prepayment/Curtailment Interest Shortfall 6,886.52
Net Servicing Fee 59,638.51
</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 1,396,300.00 0.109409% 0.470060%
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 1 1,396,300.00 0.109409% 0.470060%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 65.99
Cumulative Realized Losses - Includes Interest Shortfall 65.99
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 256,063.57
</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% 8,997,819.18 3.02908721% 1.262298% 0.000000%
Class B-1 3,752,450.52 1.25024566% 3,749,687.02 1.26232021% 1.766948% 0.000000%
Class B-2 2,401,450.52 0.80011797% 2,399,681.96 0.80784530% 0.454521% 0.000000%
Class B-3 1,351,450.52 0.45027780% 1,350,455.23 0.45462646% 0.353255% 0.000000%
Class B-4 750,450.52 0.25003594% 749,897.84 0.25245072% 0.202196% 0.000000%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.252477% 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 0.03366468%
Fraud 6,002,741.10 2.00000000% 6,002,741.10 2.02080370%
Special Hazard 3,001,370.55 1.00000000% 3,001,370.55 1.01040185%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Mixed Fixed Ratio Strip
<S> <C>
Weighted Average Gross Coupon 7.635054%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity (Stepdown Calculation) 356
Beginning Scheduled Collateral Loan Count 923
Number of Loans Paid in Full 9
Ending Scheduled Collateral Loan Count 914
Beginning Scheduled Collateral Balance 300,137,055.08
Ending Scheduled Collateral Balance 297,047,214.20
Ending Actual Collateral Balance at 27-Feb-1998 293,882,323.16
Ending Scheduled Balance For Norwest $279,361,624.31
Ending Scheduled Balance For Other Servicers $17,685,589.89
Monthly P&I Constant 1,977,276.31
Class A Optimal Amount $4,696,757.37
Class AP Deferred Amount $0.00
Ending Scheduled Balance for Premium Loans 293,180,531.25
Ending Scheduled Balance for Discount Loans 3,866,682.95
Unpaid Principal Balance of Outstanding Mortgage
Loans with Original LTV:
Less than or equal to 80% 253,256,197.43
Greater than 80%, less than or equal to 85% 4,148,486.02
Greater than 85%, less than or equal to 95% 39,667,184.02
Greater than 95% 0.00
</TABLE>
