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Previous: KILLBUCK BANCSHARES INC, S-4/A, 1998-10-06 |
Next: NORWEST ASSET SECURITIES CORP MOR PAS THR CERT SER 1998-7 TR, 8-K, 1998-10-06 |
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): September 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.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (401) 884-2000
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way 21703
Frederick, MD. (Zip Code)
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On September 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 September 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: 09/28/1998
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 September
25, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 08/31/1998
Distribution Date: 09/25/1998
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 6.09844% 71,724,063.14 364,504.08 2,663,881.97
A-7 66937ND96 SCH 9.25780% 14,529,739.95 112,094.52 539,644.73
A-8 66937NE20 SCH 7.87500% 9,686,493.30 63,567.61 359,763.15
A-9 66937NE38 SCH 6.90000% 24,417,774.98 140,402.21 151,301.19
A-10 66937NE46 SCH 7.06500% 37,554,537.91 221,102.34 232,701.23
A-11 66937NE53 SEQ 6.75000% 0.00 0.00 0.00
A-12 66937NE61 SCH 7.00000% 2,865,717.62 16,716.69 2,024,127.48
A-13 66937NE79 SEQ 7.00000% 0.00 0.00 0.00
A-14 66937NE87 PO 0.00000% 2,401,408.54 0.00 89,190.00
A-15 66937NE95 SEQ 6.75000% 38,400,000.00 216,000.00 0.00
A-16 66937NF29 SCH 6.09844% 924,636.63 4,699.03 34,341.65
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% 89,056.09 0.00 96.47
B-1 66937NF52 SUB 6.75000% 4,361,431.69 24,533.05 3,378.85
B-2 66937NF60 SUB 6.75000% 5,235,112.74 29,447.51 4,055.70
B-3 66937NF78 SUB 6.75000% 1,570,035.71 8,831.45 1,216.32
B-4 66937NK72 SUB 6.75000% 1,221,360.27 6,870.15 946.20
B-5 66937NK80 SUB 6.75000% 697,350.89 3,922.60 540.25
B-6 66937NK98 SUB 6.75000% 873,211.28 3,997.53 0.00
Totals 332,487,130.74 1,868,824.27 6,105,185.19
</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 69,060,181.16 3,028,386.05 0.00
A-7 0.00 13,990,095.23 651,739.25 0.00
A-8 0.00 9,326,730.15 423,330.76 0.00
A-9 0.00 24,266,473.79 291,703.40 0.00
A-10 0.00 37,321,836.68 453,803.57 0.00
A-11 0.00 0.00 0.00 0.00
A-12 0.00 841,590.14 2,040,844.17 0.00
A-13 0.00 0.00 0.00 0.00
A-14 0.00 2,312,218.54 89,190.00 0.00
A-15 0.00 38,400,000.00 216,000.00 0.00
A-16 0.00 890,294.97 39,040.68 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 88,959.62 96.47 0.00
B-1 0.00 4,358,052.85 27,911.90 0.00
B-2 0.00 5,231,057.04 33,503.21 0.00
B-3 0.00 1,568,819.39 10,047.77 0.00
B-4 0.00 1,220,414.07 7,816.35 0.00
B-5 0.00 696,810.64 4,462.85 0.00
B-6 676.49 872,534.79 3,997.53 979.66
Totals 676.49 326,381,269.06 7,974,009.46 979.66
<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 71,724,063.14 107,823.00 2,556,058.98 0.00 0.00
A-7 15,714,000.00 14,529,739.95 21,842.60 517,802.12 0.00 0.00
A-8 10,476,000.00 9,686,493.30 14,561.73 345,201.42 0.00 0.00
A-9 25,000,000.00 24,417,774.98 6,124.05 145,177.14 0.00 0.00
A-10 38,450,000.00 37,554,537.91 9,418.79 223,282.44 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 2,865,717.62 82,604.99 1,958,239.18 -16,716.68 0.00
A-13 1,851,000.00 0.00 0.00 0.00 0.00 0.00
A-14 2,661,000.00 2,401,408.54 3,610.04 85,579.95 0.00 0.00
A-15 38,400,000.00 38,400,000.00 0.00 0.00 0.00 0.00
A-16 1,000,000.00 924,636.63 1,390.01 32,951.64 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 89,056.09 79.38 17.09 0.00 0.00
B-1 4,378,000.00 4,361,431.69 3,378.85 0.00 0.00 0.00
B-2 5,255,000.00 5,235,112.74 4,055.70 0.00 0.00 0.00
B-3 1,576,000.00 1,570,035.71 1,216.32 0.00 0.00 0.00
B-4 1,226,000.00 1,221,360.27 946.20 0.00 0.00 0.00
B-5 700,000.00 697,350.89 540.25 0.00 0.00 0.00
B-6 876,528.45 873,211.28 0.00 0.00 0.00 676.49
Totals 350,280,200.18 332,487,130.74 257,591.91 5,864,309.96 (16,716.68) 676.49
<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 2,663,881.97 69,060,181.16 0.89029497 2,663,881.97
A-7 539,644.73 13,990,095.23 0.89029497 539,644.73
A-8 359,763.15 9,326,730.15 0.89029497 359,763.15
A-9 151,301.19 24,266,473.79 0.97065895 151,301.19
A-10 232,701.23 37,321,836.68 0.97065895 232,701.23
A-11 0.00 0.00 0.00000000 0.00
A-12 2,024,127.48 841,590.14 0.12856556 2,024,127.48
A-13 0.00 0.00 0.00000000 0.00
A-14 89,190.00 2,312,218.54 0.86892843 89,190.00
A-15 0.00 38,400,000.00 1.00000000 0.00
A-16 34,341.65 890,294.97 0.89029497 34,341.65
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 96.47 88,959.62 0.99427629 96.47
B-1 3,378.85 4,358,052.85 0.99544378 3,378.85
B-2 4,055.70 5,231,057.04 0.99544378 4,055.70
B-3 1,216.32 1,568,819.39 0.99544378 1,216.32
B-4 946.20 1,220,414.07 0.99544378 946.20
B-5 540.25 696,810.64 0.99544377 540.25
B-6 676.49 872,534.79 0.99544378 0.00
Totals 6,105,861.68 326,381,269.06 0.93177196 6,105,185.19
</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 77,570,000.00 924.63662679 1.39000902 32.95164342 0.00000000
A-7 15,714,000.00 924.63662658 1.39000891 32.95164312 0.00000000
A-8 10,476,000.00 924.63662658 1.39000859 32.95164376 0.00000000
A-9 25,000,000.00 976.71099920 0.24496200 5.80708560 0.00000000
A-10 38,450,000.00 976.71099896 0.24496203 5.80708557 0.00000000
A-11 2,576,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-12 6,546,000.00 437.78148793 12.61915521 299.15050107 -2.55372441
A-13 1,851,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-14 2,661,000.00 902.44590004 1.35664788 32.16082300 0.00000000
A-15 38,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 1,000,000.00 924.63663000 1.39001000 32.95164000 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 89,471.73 995.35451030 0.88720761 0.19101005 0.00000000
B-1 4,378,000.00 996.21555276 0.77177935 0.00000000 0.00000000
B-2 5,255,000.00 996.21555471 0.77177926 0.00000000 0.00000000
B-3 1,576,000.00 996.21555203 0.77177665 0.00000000 0.00000000
B-4 1,226,000.00 996.21555465 0.77177814 0.00000000 0.00000000
B-5 700,000.00 996.21555714 0.77178571 0.00000000 0.00000000
B-6 876,528.45 996.21555923 0.00000000 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 34.34165231 890.29497435 0.89029497 34.34165231
A-7 0.00000000 34.34165267 890.29497454 0.89029497 34.34165267
A-8 0.00000000 34.34165235 890.29497423 0.89029497 34.34165235
A-9 0.00000000 6.05204760 970.65895160 0.97065895 6.05204760
A-10 0.00000000 6.05204759 970.65895137 0.97065895 6.05204759
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 309.21593034 128.56555759 0.12856556 309.21593034
A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00000000 33.51747463 868.92842540 0.86892843 33.51747463
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 34.34165000 890.29497000 0.89029497 34.34165000
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 1.07821767 994.27629263 0.99427629 1.07821767
B-1 0.00000000 0.77177935 995.44377570 0.99544378 0.77177935
B-2 0.00000000 0.77177926 995.44377545 0.99544378 0.77177926
B-3 0.00000000 0.77177665 995.44377538 0.99544378 0.77177665
B-4 0.00000000 0.77177814 995.44377651 0.99544378 0.77177814
B-5 0.00000000 0.77178571 995.44377143 0.99544377 0.77178571
B-6 0.77178328 0.77178328 995.44377596 0.99544378 0.00000000
<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 6.09844% 71,724,063.14 364,504.08 0.00 0.00
A-7 15,714,000.00 9.25780% 14,529,739.95 112,094.52 0.00 0.00
A-8 10,476,000.00 7.87500% 9,686,493.30 63,567.61 0.00 0.00
A-9 25,000,000.00 6.90000% 24,417,774.98 140,402.21 0.00 0.00
A-10 38,450,000.00 7.06500% 37,554,537.91 221,102.34 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% 2,865,717.62 16,716.69 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% 2,401,408.54 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 6.09844% 924,636.63 4,699.03 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% 89,056.09 0.00 0.00 0.00
B-1 4,378,000.00 6.75000% 4,361,431.69 24,533.05 0.00 0.00
B-2 5,255,000.00 6.75000% 5,235,112.74 29,447.51 0.00 0.00
B-3 1,576,000.00 6.75000% 1,570,035.71 8,831.45 0.00 0.00
B-4 1,226,000.00 6.75000% 1,221,360.27 6,870.15 0.00 0.00
B-5 700,000.00 6.75000% 697,350.89 3,922.60 0.00 0.00
B-6 876,528.45 6.75000% 873,211.28 4,911.81 0.00 914.28
Totals 350,280,200.18 1,869,738.55 0.00 914.28
</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 0.00 364,504.08 0.00 69,060,181.16
A-7 0.00 0.00 112,094.52 0.00 13,990,095.23
A-8 0.00 0.00 63,567.61 0.00 9,326,730.15
A-9 0.00 0.00 140,402.21 0.00 24,266,473.79
A-10 0.00 0.00 221,102.34 0.00 37,321,836.68
A-11 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 16,716.69 0.00 841,590.14
A-13 0.00 0.00 0.00 0.00 0.00
A-14 0.00 0.00 0.00 0.00 2,312,218.54
A-15 0.00 0.00 216,000.00 0.00 38,400,000.00
A-16 0.00 0.00 4,699.03 0.00 890,294.97
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 88,959.62
B-1 0.00 0.00 24,533.05 0.00 4,358,052.85
B-2 0.00 0.00 29,447.51 0.00 5,231,057.04
B-3 0.00 0.00 8,831.45 0.00 1,568,819.39
B-4 0.00 0.00 6,870.15 0.00 1,220,414.07
B-5 0.00 0.00 3,922.60 0.00 696,810.64
B-6 0.00 0.00 3,997.53 914.28 872,534.79
Totals 0.00 0.00 1,868,824.27 914.28
<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 6.09844% 924.63662679 4.69903416 0.00000000 0.00000000
A-7 15,714,000.00 9.25780% 924.63662658 7.13341733 0.00000000 0.00000000
A-8 10,476,000.00 7.87500% 924.63662658 6.06792764 0.00000000 0.00000000
A-9 25,000,000.00 6.90000% 976.71099920 5.61608840 0.00000000 0.00000000
A-10 38,450,000.00 7.06500% 976.71099896 5.75038596 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% 437.78148793 2.55372594 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% 902.44590004 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 6.09844% 924.63663000 4.69903000 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% 995.35451030 0.00000000 0.00000000 0.00000000
B-1 4,378,000.00 6.75000% 996.21555276 5.60371174 0.00000000 0.00000000
B-2 5,255,000.00 6.75000% 996.21555471 5.60371265 0.00000000 0.00000000
B-3 1,576,000.00 6.75000% 996.21555203 5.60371193 0.00000000 0.00000000
B-4 1,226,000.00 6.75000% 996.21555465 5.60371126 0.00000000 0.00000000
B-5 700,000.00 6.75000% 996.21555714 5.60371429 0.00000000 0.00000000
B-6 876,528.45 6.75000% 996.21555923 5.60370858 0.00000000 1.04306939
<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 4.69903416 0.00000000 890.29497435
A-7 0.00000000 0.00000000 7.13341733 0.00000000 890.29497454
A-8 0.00000000 0.00000000 6.06792764 0.00000000 890.29497423
A-9 0.00000000 0.00000000 5.61608840 0.00000000 970.65895160
A-10 0.00000000 0.00000000 5.75038596 0.00000000 970.65895137
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 0.00000000 2.55372594 0.00000000 128.56555759
A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 868.92842540
A-15 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 4.69903000 0.00000000 890.29497000
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 994.27629263
B-1 0.00000000 0.00000000 5.60371174 0.00000000 995.44377570
B-2 0.00000000 0.00000000 5.60371265 0.00000000 995.44377545
B-3 0.00000000 0.00000000 5.60371193 0.00000000 995.44377538
B-4 0.00000000 0.00000000 5.60371126 0.00000000 995.44377651
B-5 0.00000000 0.00000000 5.60371429 0.00000000 995.44377143
B-6 0.00000000 0.00000000 4.56063919 1.04306939 995.44377596
<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 8,200,140.29
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 8,200,140.29
Withdrawals
Reimbursement for Servicer Advances 108,646.16
Payment of Service Fee 65,185.24
Payment of Interest and Principal 7,974,009.46
Total Withdrawals (Pool Distribution Amount) 8,147,840.86
Ending Balance 52,299.42
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 8,452.90
Servicing Fee Support 8,452.90
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 69,208.78
Master Servicing Fee 4,429.36
Supported Prepayment/Curtailment Interest Shortfall 8,452.90
Net Servicing Fee 65,185.24
</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 1 237,057.22 0.093633% 0.072632%
60 Days 2 601,760.62 0.187266% 0.184374%
90+ Days 1 279,687.02 0.093633% 0.085693%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 4 1,118,504.86 0.374532% 0.342699%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 676.49
Cumulative Realized Losses - Includes Interest Shortfall 979.66
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 318,614.50
</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% 13,947,688.78 4.27343420% 95.725401% 100.000000%
Class B-1 9,633,528.45 2.75023494% 9,589,635.93 2.93816982% 1.335628% 0.000000%
Class B-2 4,378,528.45 1.25000741% 4,358,578.89 1.33542556% 1.603181% 0.000000%
Class B-3 2,802,528.45 0.80008189% 2,789,759.50 0.85475478% 0.480802% 0.000000%
Class B-4 1,576,528.45 0.45007638% 1,569,345.43 0.48083195% 0.374025% 0.000000%
Class B-5 876,528.45 0.25023637% 872,534.79 0.26733605% 0.213554% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.267409% 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 0.03063901%
Fraud 7,005,604.00 2.00000000% 7,005,604.00 2.14644793%
Special Hazard 3,502,802.00 1.00000000% 3,502,802.00 1.07322397%
<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 7.569912%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 351
Begin Scheduled Collateral Loan Count 1,087
Number Of Loans Paid In Full 19
End Scheduled Collateral Loan Count 1,068
Begining Scheduled Collateral Balance 332,487,130.73
Ending Scheduled Collateral Balance 326,381,269.06
Ending Actual Collateral Balance at 31-Aug-1998 328,237,358.65
Ending Scheduled Balance For Norwest 309,273,803.16
Ending Scheduled Balance For Other Services 17,107,465.90
Monthly P &I Constant 2,205,469.38
Class A Optimal Amount 7,886,173.38
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 318,860,245.77
Ending scheduled Balance For discounted Loans 7,521,023.29
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 267,073,647.56
Greater Than 80%, less than or equal to 85% 6,676,097.64
Greater than 85%, less than or equal to 95% 52,654,510.34
Greater than 95% 0.00
</TABLE>
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