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Previous: MORGAN STANLEY CAP I INC COMM MORT PASS THR CER SER 1998 XL2, 8-K, 1998-09-02 |
Next: NORWEST ASSET SECURITIES CORP MOR PAS THR CERT SER 1998-7 TR, 8-K, 1998-09-02 |
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): August 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-6 Trust
New York (governing law of 333-45021-01 52-2095161
Pooling and Servicing Agreement) (Commission 52-2095163
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way 21703
Frederick, Maryland (Zip Code)
(Address of principal executive offices)
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 August 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-6
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 1998-6 Trust,
relating to the August 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 1998-6 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 8/26/98
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-6 Trust, relating to the August 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/98
Distribution Date: 8/25/98
NASCOR Series: 1998-6
Contact: Customer Service - N. Burgess
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6323
Fax: (301) 815-0329
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 66937ND39 PAC 6.65000% 11,962,000.00 66,289.42 0.00
A-2 66937ND47 PAC 6.35000% 29,817,000.00 157,781.62 0.00
A-3 66937ND54 PAC 6.50000% 65,980,000.00 357,391.67 0.00
A-4 66937ND62 PAC 6.75000% 8,176,000.00 45,990.00 0.00
A-5 66937ND70 IO 6.75000% 0.00 24,681.67 0.00
A-6 66937ND88 SCH 6.10625% 74,243,360.16 377,790.43 2,519,297.03
A-7 66937ND96 SCH 9.21875% 15,040,094.90 115,542.40 510,354.95
A-8 66937NE20 SCH 7.87500% 10,026,729.94 65,800.42 340,236.63
A-9 66937NE38 SCH 6.90000% 24,557,512.24 141,205.70 139,737.26
A-10 66937NE46 SCH 7.06500% 37,769,453.82 222,367.66 214,915.91
A-11 66937NE53 SEQ 6.75000% 0.00 0.00 0.00
A-12 66937NE61 SCH 7.00000% 4,788,490.60 27,932.86 1,922,772.98
A-13 66937NE79 SEQ 7.00000% 0.00 0.00 0.00
A-14 66937NE87 PO 0.00000% 2,485,757.65 0.00 84,349.12
A-15 66937NE95 SEQ 6.75000% 38,400,000.00 216,000.00 0.00
A-16 66937NF29 SCH 6.10625% 957,114.35 4,870.32 32,477.72
A-R 66937NF37 R 6.75000% 100.00 0.56 0.00
A-LR 66937NF45 ALR 6.75000% 100.00 0.56 0.00
APO NMB9806PO PO 0.00000% 89,139.19 0.00 83.10
B-1 66937NF52 SUB 6.75000% 4,364,784.44 24,551.91 3,352.75
B-2 66937NF60 SUB 6.75000% 5,239,137.10 29,470.15 4,024.37
B-3 66937NF78 SUB 6.75000% 1,571,242.64 8,838.24 1,206.93
B-4 66937NK72 SUB 6.75000% 1,222,299.16 6,875.43 938.89
B-5 66937NK80 SUB 6.75000% 697,886.96 3,925.61 536.07
B-6 66937NK98 SUB 6.75000% 873,882.54 4,915.59 646.47
Totals 338,262,085.69 1,902,222.22 5,774,930.18
</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 11,962,000.00 66,289.42 0.00
A-2 0.00 29,817,000.00 157,781.62 0.00
A-3 0.00 65,980,000.00 357,391.67 0.00
A-4 0.00 8,176,000.00 45,990.00 0.00
A-5 0.00 0.00 24,681.67 0.00
A-6 0.00 71,724,063.14 2,897,087.46 0.00
A-7 0.00 14,529,739.95 625,897.35 0.00
A-8 0.00 9,686,493.30 406,037.05 0.00
A-9 0.00 24,417,774.98 280,942.96 0.00
A-10 0.00 37,554,537.91 437,283.57 0.00
A-11 0.00 0.00 0.00 0.00
A-12 0.00 2,865,717.62 1,950,705.84 0.00
A-13 0.00 0.00 0.00 0.00
A-14 0.00 2,401,408.54 84,349.12 0.00
A-15 0.00 38,400,000.00 216,000.00 0.00
A-16 0.00 924,636.63 37,348.04 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 89,056.09 83.10 0.00
B-1 0.00 4,361,431.69 27,904.66 0.00
B-2 0.00 5,235,112.74 33,494.52 0.00
B-3 0.00 1,570,035.71 10,045.17 0.00
B-4 0.00 1,221,360.27 7,814.32 0.00
B-5 0.00 697,350.89 4,461.68 0.00
B-6 24.79 873,211.28 5,562.06 303.17
Totals 24.79 332,487,130.74 7,677,152.40 303.17
<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 11,962,000.00 11,962,000.00 0.00 0.00 0.00 0.00
A-2 29,817,000.00 29,817,000.00 0.00 0.00 0.00 0.00
A-3 65,980,000.00 65,980,000.00 0.00 0.00 0.00 0.00
A-4 8,176,000.00 8,176,000.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 77,570,000.00 74,243,360.16 108,843.02 2,410,454.01 0.00 0.00
A-7 15,714,000.00 15,040,094.90 22,049.24 488,305.71 0.00 0.00
A-8 10,476,000.00 10,026,729.94 14,699.49 325,537.14 0.00 0.00
A-9 25,000,000.00 24,557,512.24 6,037.17 133,700.09 0.00 0.00
A-10 38,450,000.00 37,769,453.82 9,285.17 205,630.74 0.00 0.00
A-11 2,576,000.00 0.00 0.00 0.00 0.00 0.00
A-12 6,546,000.00 4,788,490.60 84,277.76 1,866,428.08 -27,932.86 0.00
A-13 1,851,000.00 0.00 0.00 0.00 0.00 0.00
A-14 2,661,000.00 2,485,757.65 3,644.20 80,704.92 0.00 0.00
A-15 38,400,000.00 38,400,000.00 0.00 0.00 0.00 0.00
A-16 1,000,000.00 957,114.35 1,403.16 31,074.56 0.00 0.00
A-R 100.00 100.00 0.00 0.00 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
APO 89,471.73 89,139.19 78.84 4.26 0.00 0.00
B-1 4,378,000.00 4,364,784.44 3,352.75 0.00 0.00 0.00
B-2 5,255,000.00 5,239,137.10 4,024.37 0.00 0.00 0.00
B-3 1,576,000.00 1,571,242.64 1,206.93 0.00 0.00 0.00
B-4 1,226,000.00 1,222,299.16 938.89 0.00 0.00 0.00
B-5 700,000.00 697,886.96 536.07 0.00 0.00 0.00
B-6 876,528.45 873,882.54 646.47 0.00 0.00 24.79
Totals 350,280,200.18 338,262,085.69 261,023.53 5,541,839.51 (27,932.86) 24.79
<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 11,962,000.00 1.00000000 0.00
A-2 0.00 29,817,000.00 1.00000000 0.00
A-3 0.00 65,980,000.00 1.00000000 0.00
A-4 0.00 8,176,000.00 1.00000000 0.00
A-5 0.00 0.00 0.00000000 0.00
A-6 2,519,297.03 71,724,063.14 0.92463663 2,519,297.03
A-7 510,354.95 14,529,739.95 0.92463663 510,354.95
A-8 340,236.63 9,686,493.30 0.92463663 340,236.63
A-9 139,737.26 24,417,774.98 0.97671100 139,737.26
A-10 214,915.91 37,554,537.91 0.97671100 214,915.91
A-11 0.00 0.00 0.00000000 0.00
A-12 1,922,772.98 2,865,717.62 0.43778149 1,922,772.98
A-13 0.00 0.00 0.00000000 0.00
A-14 84,349.12 2,401,408.54 0.90244590 84,349.12
A-15 0.00 38,400,000.00 1.00000000 0.00
A-16 32,477.72 924,636.63 0.92463663 32,477.72
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 83.10 89,056.09 0.99535451 83.10
B-1 3,352.75 4,361,431.69 0.99621555 3,352.75
B-2 4,024.37 5,235,112.74 0.99621555 4,024.37
B-3 1,206.93 1,570,035.71 0.99621555 1,206.93
B-4 938.89 1,221,360.27 0.99621555 938.89
B-5 536.07 697,350.89 0.99621556 536.07
B-6 671.26 873,211.28 0.99621556 646.47
Totals 5,774,954.97 332,487,130.74 0.94920333 5,774,930.18
</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 11,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 29,817,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 65,980,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 8,176,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-6 77,570,000.00 957.11435039 1.40315870 31.07456504 0.00000000
A-7 15,714,000.00 957.11435026 1.40315897 31.07456472 0.00000000
A-8 10,476,000.00 957.11435090 1.40315865 31.07456472 0.00000000
A-9 25,000,000.00 982.30048960 0.24148680 5.34800360 0.00000000
A-10 38,450,000.00 982.30048947 0.24148687 5.34800364 0.00000000
A-11 2,576,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-12 6,546,000.00 731.51399328 12.87469600 285.12497403 -4.26716468
A-13 1,851,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-14 2,661,000.00 934.14417512 1.36948516 30.32879369 0.00000000
A-15 38,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 1,000,000.00 957.11435000 1.40316000 31.07456000 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 89,471.73 996.28329529 0.88117219 0.04761280 0.00000000
B-1 4,378,000.00 996.98137049 0.76581772 0.00000000 0.00000000
B-2 5,255,000.00 996.98137012 0.76581732 0.00000000 0.00000000
B-3 1,576,000.00 996.98137056 0.76581853 0.00000000 0.00000000
B-4 1,226,000.00 996.98137031 0.76581566 0.00000000 0.00000000
B-5 700,000.00 996.98137143 0.76581429 0.00000000 0.00000000
B-6 876,528.45 996.98137579 0.73753453 0.00000000 0.00000000
<FN>
(2) Per $1000 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 32.47772373 924.63662679 0.92463663 32.47772373
A-7 0.00000000 32.47772369 924.63662658 0.92463663 32.47772369
A-8 0.00000000 32.47772337 924.63662658 0.92463663 32.47772337
A-9 0.00000000 5.58949040 976.71099920 0.97671100 5.58949040
A-10 0.00000000 5.58949051 976.71099896 0.97671100 5.58949051
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 293.73250535 437.78148793 0.43778149 293.73250535
A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00000000 31.69827884 902.44590004 0.90244590 31.69827884
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 32.47772000 924.63663000 0.92463663 32.47772000
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 0.92878499 995.35451030 0.99535451 0.92878499
B-1 0.00000000 0.76581772 996.21555276 0.99621555 0.76581772
B-2 0.00000000 0.76581732 996.21555471 0.99621555 0.76581732
B-3 0.00000000 0.76581853 996.21555203 0.99621555 0.76581853
B-4 0.00000000 0.76581566 996.21555465 0.99621555 0.76581566
B-5 0.00000000 0.76581429 996.21555714 0.99621556 0.76581429
B-6 0.02828203 0.76581656 996.21555923 0.99621556 0.73753453
<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 11,962,000.00 6.65000% 11,962,000.00 66,289.42 0.00 0.00
A-2 29,817,000.00 6.35000% 29,817,000.00 157,781.62 0.00 0.00
A-3 65,980,000.00 6.50000% 65,980,000.00 357,391.67 0.00 0.00
A-4 8,176,000.00 6.75000% 8,176,000.00 45,990.00 0.00 0.00
A-5 0.00 6.75000% 4,387,851.85 24,681.67 0.00 0.00
A-6 77,570,000.00 6.10625% 74,243,360.16 377,790.43 0.00 0.00
A-7 15,714,000.00 9.21875% 15,040,094.90 115,542.40 0.00 0.00
A-8 10,476,000.00 7.87500% 10,026,729.94 65,800.42 0.00 0.00
A-9 25,000,000.00 6.90000% 24,557,512.24 141,205.70 0.00 0.00
A-10 38,450,000.00 7.06500% 37,769,453.82 222,367.66 0.00 0.00
A-11 2,576,000.00 6.75000% 0.00 0.00 0.00 0.00
A-12 6,546,000.00 7.00000% 4,788,490.60 27,932.86 0.00 0.00
A-13 1,851,000.00 7.00000% 0.00 0.00 0.00 0.00
A-14 2,661,000.00 0.00000% 2,485,757.65 0.00 0.00 0.00
A-15 38,400,000.00 6.75000% 38,400,000.00 216,000.00 0.00 0.00
A-16 1,000,000.00 6.10625% 957,114.35 4,870.32 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 89,471.73 0.00000% 89,139.19 0.00 0.00 0.00
B-1 4,378,000.00 6.75000% 4,364,784.44 24,551.91 0.00 0.00
B-2 5,255,000.00 6.75000% 5,239,137.10 29,470.15 0.00 0.00
B-3 1,576,000.00 6.75000% 1,571,242.64 8,838.24 0.00 0.00
B-4 1,226,000.00 6.75000% 1,222,299.16 6,875.43 0.00 0.00
B-5 700,000.00 6.75000% 697,886.96 3,925.61 0.00 0.00
B-6 876,528.45 6.75000% 873,882.54 4,915.59 0.00 0.00
Totals 350,280,200.18 1,902,222.22 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 66,289.42 0.00 11,962,000.00
A-2 0.00 0.00 157,781.62 0.00 29,817,000.00
A-3 0.00 0.00 357,391.67 0.00 65,980,000.00
A-4 0.00 0.00 45,990.00 0.00 8,176,000.00
A-5 0.00 0.00 24,681.67 0.00 4,387,851.85
A-6 0.00 0.00 377,790.43 0.00 71,724,063.14
A-7 0.00 0.00 115,542.40 0.00 14,529,739.95
A-8 0.00 0.00 65,800.42 0.00 9,686,493.30
A-9 0.00 0.00 141,205.70 0.00 24,417,774.98
A-10 0.00 0.00 222,367.66 0.00 37,554,537.91
A-11 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 27,932.86 0.00 2,865,717.62
A-13 0.00 0.00 0.00 0.00 0.00
A-14 0.00 0.00 0.00 0.00 2,401,408.54
A-15 0.00 0.00 216,000.00 0.00 38,400,000.00
A-16 0.00 0.00 4,870.32 0.00 924,636.63
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 89,056.09
B-1 0.00 0.00 24,551.91 0.00 4,361,431.69
B-2 0.00 0.00 29,470.15 0.00 5,235,112.74
B-3 0.00 0.00 8,838.24 0.00 1,570,035.71
B-4 0.00 0.00 6,875.43 0.00 1,221,360.27
B-5 0.00 0.00 3,925.61 0.00 697,350.89
B-6 0.00 0.00 4,915.59 0.00 873,211.28
Totals 0.00 0.00 1,902,222.22 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 11,962,000.00 6.65000% 1000.00000000 5.54166695 0.00000000 0.00000000
A-2 29,817,000.00 6.35000% 1000.00000000 5.29166650 0.00000000 0.00000000
A-3 65,980,000.00 6.50000% 1000.00000000 5.41666672 0.00000000 0.00000000
A-4 8,176,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-5 0.00 6.75000% 1000.00000000 5.62500076 0.00000000 0.00000000
A-6 77,570,000.00 6.10625% 957.11435039 4.87031623 0.00000000 0.00000000
A-7 15,714,000.00 9.21875% 957.11435026 7.35283187 0.00000000 0.00000000
A-8 10,476,000.00 7.87500% 957.11435090 6.28106338 0.00000000 0.00000000
A-9 25,000,000.00 6.90000% 982.30048960 5.64822800 0.00000000 0.00000000
A-10 38,450,000.00 7.06500% 982.30048947 5.78329415 0.00000000 0.00000000
A-11 2,576,000.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
A-12 6,546,000.00 7.00000% 731.51399328 4.26716468 0.00000000 0.00000000
A-13 1,851,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A-14 2,661,000.00 0.00000% 934.14417512 0.00000000 0.00000000 0.00000000
A-15 38,400,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-16 1,000,000.00 6.10625% 957.11435000 4.87032000 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 89,471.73 0.00000% 996.28329529 0.00000000 0.00000000 0.00000000
B-1 4,378,000.00 6.75000% 996.98137049 5.60801964 0.00000000 0.00000000
B-2 5,255,000.00 6.75000% 996.98137012 5.60802093 0.00000000 0.00000000
B-3 1,576,000.00 6.75000% 996.98137056 5.60802030 0.00000000 0.00000000
B-4 1,226,000.00 6.75000% 996.98137031 5.60801794 0.00000000 0.00000000
B-5 700,000.00 6.75000% 996.98137143 5.60801429 0.00000000 0.00000000
B-6 876,528.45 6.75000% 996.98137579 5.60802105 0.00000000 0.00000000
<FN>
(5) Per $1000 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 5.54166695 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.29166650 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.41666672 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.62500076 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 4.87031623 0.00000000 924.63662679
A-7 0.00000000 0.00000000 7.35283187 0.00000000 924.63662658
A-8 0.00000000 0.00000000 6.28106338 0.00000000 924.63662658
A-9 0.00000000 0.00000000 5.64822800 0.00000000 976.71099920
A-10 0.00000000 0.00000000 5.78329415 0.00000000 976.71099896
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 0.00000000 4.26716468 0.00000000 437.78148793
A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 902.44590004
A-15 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 4.87032000 0.00000000 924.63663000
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 995.35451030
B-1 0.00000000 0.00000000 5.60801964 0.00000000 996.21555276
B-2 0.00000000 0.00000000 5.60802093 0.00000000 996.21555471
B-3 0.00000000 0.00000000 5.60802030 0.00000000 996.21555203
B-4 0.00000000 0.00000000 5.60801794 0.00000000 996.21555465
B-5 0.00000000 0.00000000 5.60801429 0.00000000 996.21555714
B-6 0.00000000 0.00000000 5.60802105 0.00000000 996.21555923
<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 69,925.28
Deposits
Payments of Interest and Principal 7,570,243.71
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 108,646.16
Realized Losses 0.00
Total Deposits 7,678,889.87
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 71,662.79
Payment of Interest and Principal 7,677,152.39
Total Withdrawals (Pool Distribution Amount) 7,748,815.18
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 3,318.51
Servicing Fee Support 3,318.51
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 70,471.15
Master Servicing Fee 4,510.15
Supported Prepayment/Curtailment Interest Shortfall 3,318.51
Net Servicing Fee 71,662.79
</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 1,207,746.39 0.459982% 0.363246%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 279,687.02 0.091996% 0.084120%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 6 1,487,433.41 0.551978% 0.447366%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 24.79
Cumulative Realized Losses - Includes Interest Shortfall 303.17
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 457,424.48
</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 A 14,011,528.45 4.00009148% 13,958,502.58 4.19820838% 95.800667% 100.000000%
Class B-1 9,633,528.45 2.75023494% 9,597,070.89 2.88644883% 1.312111% 0.000000%
Class B-2 4,378,528.45 1.25000741% 4,361,958.15 1.31191789% 1.574953% 0.000000%
Class B-3 2,802,528.45 0.80008189% 2,791,922.44 0.83970842% 0.472336% 0.000000%
Class B-4 1,576,528.45 0.45007638% 1,570,562.17 0.47236781% 0.367439% 0.000000%
Class B-5 876,528.45 0.25023637% 873,211.28 0.26263010% 0.209794% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.262700% 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 0.02854857% 100,000.00 0.03007635%
Fraud 7,005,604.00 2.00000000% 7,005,604.00 2.10703012%
Special Hazard 3,502,802.00 1.00000000% 3,502,802.00 1.05351506%
<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 7.572802%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 352
Begin Scheduled Collateral Loan Count 1,102
Number Of Loans Paid In Full 15
End Scheduled Collateral Loan Count 1,087
Begining Scheduled Collateral Balance 338,262,085.70
Ending Scheduled Collateral Balance 332,487,130.73
Ending Actual Collateral Balance at 31-Jul-1998 335,141,340.58
Ending Scheduled Balance For Norwest 315,362,643.25
Ending Scheduled Balance For Other Services 17,124,487.48
Monthly P &I Constant 2,241,199.78
Class A Optimal Amount 7,587,786.89
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 324,957,963.40
Ending scheduled Balance For discounted Loans 7,529,167.33
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 271,469,466.17
Greater Than 80%, less than or equal to 85% 6,684,160.97
Greater than 85%, less than or equal to 95% 54,375,595.82
Greater than 95% 0.00
</TABLE>
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