|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: CENTRAL AMERICAN EQUITIES INC, 10QSB, 1998-12-08 |
Next: NORWEST ASSET SECURITIES CORP MOR PAS THR CERT SER 1998-7 TR, 8-K, 1998-12-08 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-6 Trust
New York (governing law of 333-45021-06 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: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On November 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-6
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1998-6 Trust, relating to the November 25,
1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES 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: 12/04/1998
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 November 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 10/30/1998
Distribution Date: 11/25/1998
NASCOR Series: 1998-6
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 5.66938% 65,963,032.63 311,641.25 5,963,224.72
A-7 66937ND96 SCH 11.40310% 13,362,680.09 126,979.98 1,208,020.02
A-8 66937NE20 SCH 7.87500% 8,908,453.39 58,461.73 805,346.68
A-9 66937NE38 SCH 6.90000% 23,494,917.61 135,095.78 2,123,999.88
A-10 66937NE46 SCH 7.06500% 36,135,183.29 212,745.89 3,266,711.82
A-11 66937NE53 SEQ 6.75000% 0.00 0.00 0.00
A-12 66937NE61 SCH 7.00000% 0.00 0.00 0.00
A-13 66937NE79 SEQ 7.00000% 0.00 0.00 0.00
A-14 66937NE87 PO 0.00000% 2,208,522.26 0.00 199,655.99
A-15 66937NE95 SEQ 6.75000% 38,400,000.00 216,000.00 0.00
A-16 66937NF29 SCH 5.66938% 850,367.83 4,017.55 76,875.40
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% 88,859.46 0.00 860.26
B-1 66937NF52 SUB 6.75000% 4,354,658.77 24,494.96 3,350.95
B-2 66937NF60 SUB 6.75000% 5,226,983.06 29,401.78 4,022.21
B-3 66937NF78 SUB 6.75000% 1,567,597.58 8,817.74 1,206.28
B-4 66937NK72 SUB 6.75000% 1,219,463.60 6,859.48 938.39
B-5 66937NK80 SUB 6.75000% 696,267.96 3,916.51 535.78
B-6 66937NK98 SUB 6.75000% 871,855.26 5,205.16 375.79
Totals 319,284,042.79 1,795,773.31 13,655,124.17
</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 59,999,807.92 6,274,865.97 0.00
A-7 0.00 12,154,660.07 1,335,000.00 0.00
A-8 0.00 8,103,106.71 863,808.41 0.00
A-9 0.00 21,370,917.73 2,259,095.66 0.00
A-10 0.00 32,868,471.47 3,479,457.71 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 0.00 0.00 0.00
A-14 0.00 2,008,866.27 199,655.99 0.00
A-15 0.00 38,400,000.00 216,000.00 0.00
A-16 0.00 773,492.43 80,892.95 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 87,999.19 860.26 0.00
B-1 0.00 4,351,307.82 27,845.91 0.00
B-2 0.00 5,222,960.85 33,423.99 0.00
B-3 0.00 1,566,391.30 10,024.02 0.00
B-4 0.00 1,218,525.21 7,797.87 0.00
B-5 0.00 695,732.18 4,452.29 0.00
B-6 295.11 871,184.36 5,580.95 1,954.31
Totals 295.11 305,628,623.51 15,450,897.48 1,954.31
<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 65,963,032.63 102,665.82 5,860,558.90 0.00 0.00
A-7 15,714,000.00 13,362,680.09 20,797.87 1,187,222.15 0.00 0.00
A-8 10,476,000.00 8,908,453.39 13,865.25 791,481.44 0.00 0.00
A-9 25,000,000.00 23,494,917.61 36,567.83 2,087,432.05 0.00 0.00
A-10 38,450,000.00 36,135,183.29 56,241.32 3,210,470.49 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 0.00 0.00 0.00 0.00 0.00
A-13 1,851,000.00 0.00 0.00 0.00 0.00 0.00
A-14 2,661,000.00 2,208,522.26 3,437.38 196,218.61 0.00 0.00
A-15 38,400,000.00 38,400,000.00 0.00 0.00 0.00 0.00
A-16 1,000,000.00 850,367.83 1,323.52 75,551.87 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 88,859.46 79.77 780.50 0.00 0.00
B-1 4,378,000.00 4,354,658.77 3,350.95 0.00 0.00 0.00
B-2 5,255,000.00 5,226,983.06 4,022.21 0.00 0.00 0.00
B-3 1,576,000.00 1,567,597.58 1,206.28 0.00 0.00 0.00
B-4 1,226,000.00 1,219,463.60 938.39 0.00 0.00 0.00
B-5 700,000.00 696,267.96 535.78 0.00 0.00 0.00
B-6 876,528.45 871,855.26 375.79 0.00 0.00 295.11
Totals 350,280,200.18 319,284,042.79 245,408.16 13,409,716.01 0.00 295.11
<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 5,963,224.72 59,999,807.92 0.77349243 5,963,224.72
A-7 1,208,020.02 12,154,660.07 0.77349243 1,208,020.02
A-8 805,346.68 8,103,106.71 0.77349243 805,346.68
A-9 2,123,999.88 21,370,917.73 0.85483671 2,123,999.88
A-10 3,266,711.82 32,868,471.47 0.85483671 3,266,711.82
A-11 0.00 0.00 0.00000000 0.00
A-12 0.00 0.00 0.00000000 0.00
A-13 0.00 0.00 0.00000000 0.00
A-14 199,655.99 2,008,866.27 0.75492908 199,655.99
A-15 0.00 38,400,000.00 1.00000000 0.00
A-16 76,875.40 773,492.43 0.77349243 76,875.40
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 860.26 87,999.19 0.98354184 860.26
B-1 3,350.95 4,351,307.82 0.99390311 3,350.95
B-2 4,022.21 5,222,960.85 0.99390311 4,022.21
B-3 1,206.28 1,566,391.30 0.99390311 1,206.28
B-4 938.39 1,218,525.21 0.99390311 938.39
B-5 535.78 695,732.18 0.99390311 535.78
B-6 670.90 871,184.36 0.99390312 375.79
Totals 13,655,419.28 305,628,623.51 0.87252612 13,655,124.17
</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 77,570,000.00 850.36783073 1.32352482 75.55187444 0.00000000
A-7 15,714,000.00 850.36783060 1.32352488 75.55187412 0.00000000
A-8 10,476,000.00 850.36783028 1.32352520 75.55187476 0.00000000
A-9 25,000,000.00 939.79670440 1.46271320 83.49728200 0.00000000
A-10 38,450,000.00 939.79670455 1.46271313 83.49728192 0.00000000
A-11 2,576,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-12 6,546,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-13 1,851,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-14 2,661,000.00 829.95951146 1.29176250 73.73867343 0.00000000
A-15 38,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 1,000,000.00 850.36783000 1.32352000 75.55187000 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 89,471.73 993.15683289 0.89156653 8.72342582 0.00000000
B-1 4,378,000.00 994.66851759 0.76540658 0.00000000 0.00000000
B-2 5,255,000.00 994.66851760 0.76540628 0.00000000 0.00000000
B-3 1,576,000.00 994.66851523 0.76540609 0.00000000 0.00000000
B-4 1,226,000.00 994.66851550 0.76540783 0.00000000 0.00000000
B-5 700,000.00 994.66851429 0.76540000 0.00000000 0.00000000
B-6 876,528.45 994.66852445 0.42872539 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 76.87539925 773.49243161 0.77349243 76.87539925
A-7 0.00000000 76.87539901 773.49243159 0.77349243 76.87539901
A-8 0.00000000 76.87539901 773.49243127 0.77349243 76.87539901
A-9 0.00000000 84.95999520 854.83670920 0.85483671 84.95999520
A-10 0.00000000 84.95999532 854.83670923 0.85483671 84.95999532
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 0.00000000 0.00000000 0.00000000
A-14 0.00000000 75.03043593 754.92907554 0.75492908 75.03043593
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 76.87540000 773.49243000 0.77349243 76.87540000
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 9.61488059 983.54184053 0.98354184 9.61488059
B-1 0.00000000 0.76540658 993.90311101 0.99390311 0.76540658
B-2 0.00000000 0.76540628 993.90311132 0.99390311 0.76540628
B-3 0.00000000 0.76540609 993.90310914 0.99390311 0.76540609
B-4 0.00000000 0.76540783 993.90310767 0.99390311 0.76540783
B-5 0.00000000 0.76540000 993.90311429 0.99390311 0.76540000
B-6 0.33668046 0.76540585 993.90311860 0.99390312 0.42872539
<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 5.66938% 65,963,032.63 311,641.25 0.00 0.00
A-7 15,714,000.00 11.40310% 13,362,680.09 126,979.98 0.00 0.00
A-8 10,476,000.00 7.87500% 8,908,453.39 58,461.73 0.00 0.00
A-9 25,000,000.00 6.90000% 23,494,917.61 135,095.78 0.00 0.00
A-10 38,450,000.00 7.06500% 36,135,183.29 212,745.89 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% 0.00 0.00 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% 2,208,522.26 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 5.66938% 850,367.83 4,017.55 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% 88,859.46 0.00 0.00 0.00
B-1 4,378,000.00 6.75000% 4,354,658.77 24,494.96 0.00 0.00
B-2 5,255,000.00 6.75000% 5,226,983.06 29,401.78 0.00 0.00
B-3 1,576,000.00 6.75000% 1,567,597.58 8,817.74 0.00 0.00
B-4 1,226,000.00 6.75000% 1,219,463.60 6,859.48 0.00 0.00
B-5 700,000.00 6.75000% 696,267.96 3,916.51 0.00 0.00
B-6 876,528.45 6.75000% 871,855.26 4,904.19 300.97 0.00
Totals 350,280,200.18 1,795,472.34 300.97 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 0.00 311,641.25 0.00 59,999,807.92
A-7 0.00 0.00 126,979.98 0.00 12,154,660.07
A-8 0.00 0.00 58,461.73 0.00 8,103,106.71
A-9 0.00 0.00 135,095.78 0.00 21,370,917.73
A-10 0.00 0.00 212,745.89 0.00 32,868,471.47
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 0.00 0.00 0.00
A-14 0.00 0.00 0.00 0.00 2,008,866.27
A-15 0.00 0.00 216,000.00 0.00 38,400,000.00
A-16 0.00 0.00 4,017.55 0.00 773,492.43
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 87,999.19
B-1 0.00 0.00 24,494.96 0.00 4,351,307.82
B-2 0.00 0.00 29,401.78 0.00 5,222,960.85
B-3 0.00 0.00 8,817.74 0.00 1,566,391.30
B-4 0.00 0.00 6,859.48 0.00 1,218,525.21
B-5 0.00 0.00 3,916.51 0.00 695,732.18
B-6 0.00 0.00 5,205.16 0.00 871,184.36
Totals 0.00 0.00 1,795,773.31 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 5.66938% 850.36783073 4.01754867 0.00000000 0.00000000
A-7 15,714,000.00 11.40310% 850.36783060 8.08069110 0.00000000 0.00000000
A-8 10,476,000.00 7.87500% 850.36783028 5.58053933 0.00000000 0.00000000
A-9 25,000,000.00 6.90000% 939.79670440 5.40383120 0.00000000 0.00000000
A-10 38,450,000.00 7.06500% 939.79670455 5.53305306 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% 0.00000000 0.00000000 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% 829.95951146 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 5.66938% 850.36783000 4.01755000 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% 993.15683289 0.00000000 0.00000000 0.00000000
B-1 4,378,000.00 6.75000% 994.66851759 5.59501142 0.00000000 0.00000000
B-2 5,255,000.00 6.75000% 994.66851760 5.59501047 0.00000000 0.00000000
B-3 1,576,000.00 6.75000% 994.66851523 5.59501269 0.00000000 0.00000000
B-4 1,226,000.00 6.75000% 994.66851550 5.59500816 0.00000000 0.00000000
B-5 700,000.00 6.75000% 994.66851429 5.59501429 0.00000000 0.00000000
B-6 876,528.45 6.75000% 994.66852445 5.59501520 0.34336592 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 4.01754867 0.00000000 773.49243161
A-7 0.00000000 0.00000000 8.08069110 0.00000000 773.49243159
A-8 0.00000000 0.00000000 5.58053933 0.00000000 773.49243127
A-9 0.00000000 0.00000000 5.40383120 0.00000000 854.83670920
A-10 0.00000000 0.00000000 5.53305306 0.00000000 854.83670923
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 0.00000000 0.00000000 0.00000000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 754.92907554
A-15 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 4.01755000 0.00000000 773.49243000
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 983.54184053
B-1 0.00000000 0.00000000 5.59501142 0.00000000 993.90311101
B-2 0.00000000 0.00000000 5.59501047 0.00000000 993.90311132
B-3 0.00000000 0.00000000 5.59501269 0.00000000 993.90310914
B-4 0.00000000 0.00000000 5.59500816 0.00000000 993.90310767
B-5 0.00000000 0.00000000 5.59501429 0.00000000 993.90311429
B-6 0.00000000 0.00000000 5.93838112 0.00000000 993.90311860
<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 15,562,267.91
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 19,597.82
Realized Losses 0.00
Total Deposits 15,581,865.73
Withdrawals
Reimbursement for Servicer Advances 73,987.97
Payment of Service Fee 56,980.30
Payment of Interest and Principal 15,450,897.46
Total Withdrawals (Pool Distribution Amount) 15,581,865.73
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 13,795.01
Servicing Fee Support 13,795.01
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 66,518.15
Master Servicing Fee 4,257.16
Supported Prepayment/Curtailment Interest Shortfall 13,795.01
Net Servicing Fee 56,980.30
</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 2 487,041.26 0.198216% 0.159357%
60 Days 1 211,087.66 0.099108% 0.069067%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 3 881,447.64 0.297324% 0.288405%
REO 0 0.00 0.000000% 0.000000%
Totals 6 1,579,576.56 0.594648% 0.516829%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 295.11
Cumulative Realized Losses - Includes Interest Shortfall 1,954.31
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 338,936.10
</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% 13,926,101.72 4.55654368% 95.442144% 100.000000%
Class B-1 9,633,528.45 2.75023494% 9,574,793.90 3.13281976% 1.424134% 0.000000%
Class B-2 4,378,528.45 1.25000741% 4,351,833.05 1.42389577% 1.709416% 0.000000%
Class B-3 2,802,528.45 0.80008189% 2,785,441.75 0.91138118% 0.512662% 0.000000%
Class B-4 1,576,528.45 0.45007638% 1,566,916.54 0.51268645% 0.398810% 0.000000%
Class B-5 876,528.45 0.25023637% 871,184.36 0.28504672% 0.227705% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.285129% 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 0.03271945%
Fraud 7,005,604.00 2.00000000% 7,005,604.00 2.29219499%
Special Hazard 3,502,802.00 1.00000000% 3,502,802.00 1.14609750%
<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 7.562524%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 349
Begin Scheduled Collateral Loan Count 1,050
Number Of Loans Paid In Full 41
End Scheduled Collateral Loan Count 1,009
Begining Scheduled Collateral Balance 319,284,042.80
Ending Scheduled Collateral Balance 305,628,623.52
Ending Actual Collateral Balance at 30-Oct-1998 310,906,864.27
Ending Scheduled Balance For Norwest 289,760,612.55
Ending Scheduled Balance For Other Services 15,868,010.97
Monthly P &I Constant 2,122,411.33
Class A Optimal Amount 15,360,912.18
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 298,444,048.79
Ending scheduled Balance For discounted Loans 7,184,574.73
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 249,394,814.37
Greater Than 80%, less than or equal to 85% 6,436,424.04
Greater than 85%, less than or equal to 95% 49,828,927.99
Greater than 95% 0.00
</TABLE>
|
|