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Previous: CENTEX HOME EQ CORP HOME EQ LOAN ASS BACK CERT SR 1991 1 TR, 8-K, 1998-08-07 |
Next: NORWEST ASSET SECURITIES CORP MOR PAS THR CERT SER 1998-7 TR, 8-K, 1998-08-07 |
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): July 27, 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 July 27, 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 July 27, 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: 8/4/1998
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 July 27,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 6/30/1998
Distribution Date: 7/27/1998
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 6.10625% 75,415,117.22 383,752.97 1,171,757.06
A-7 66937ND96 SCH 9.21875% 15,277,467.48 117,365.96 237,372.57
A-8 66937NE20 SCH 7.87500% 10,184,978.32 66,838.92 158,248.38
A-9 66937NE38 SCH 6.90000% 24,685,638.89 141,942.42 128,126.65
A-10 66937NE46 SCH 7.06500% 37,966,512.61 223,527.84 197,058.79
A-11 66937NE53 SEQ 6.75000% 0.00 0.00 0.00
A-12 66937NE61 SCH 7.00000% 5,522,565.01 32,214.96 734,074.41
A-13 66937NE79 SEQ 7.00000% 0.00 0.00 0.00
A-14 66937NE87 PO 0.00000% 2,524,989.50 0.00 39,231.85
A-15 66937NE95 SEQ 6.75000% 38,400,000.00 216,000.00 0.00
A-16 66937NF29 SCH 6.10625% 972,220.15 4,947.18 15,105.80
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% 89,222.53 0.00 83.34
B-1 66937NF52 SUB 6.75000% 4,368,133.70 24,570.75 3,349.26
B-2 66937NF60 SUB 6.75000% 5,243,157.28 29,492.76 4,020.18
B-3 66937NF78 SUB 6.75000% 1,572,448.31 8,845.02 1,205.67
B-4 66937NK72 SUB 6.75000% 1,223,237.08 6,880.71 937.91
B-5 66937NK80 SUB 6.75000% 698,422.47 3,928.63 535.51
B-6 66937NK98 SUB 6.75000% 874,553.10 4,919.36 655.54
Totals 340,953,863.65 1,917,362.98 2,691,762.92
</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 74,243,360.16 1,555,510.03 0.00
A-7 0.00 15,040,094.90 354,738.53 0.00
A-8 0.00 10,026,729.94 225,087.30 0.00
A-9 0.00 24,557,512.24 270,069.07 0.00
A-10 0.00 37,769,453.82 420,586.63 0.00
A-11 0.00 0.00 0.00 0.00
A-12 0.00 4,788,490.60 766,289.37 0.00
A-13 0.00 0.00 0.00 0.00
A-14 0.00 2,485,757.65 39,231.85 0.00
A-15 0.00 38,400,000.00 216,000.00 0.00
A-16 0.00 957,114.35 20,052.98 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 89,139.19 83.34 0.00
B-1 0.00 4,364,784.44 27,920.01 0.00
B-2 0.00 5,239,137.10 33,512.94 0.00
B-3 0.00 1,571,242.64 10,050.69 0.00
B-4 0.00 1,222,299.16 7,818.62 0.00
B-5 0.00 697,886.96 4,464.14 0.00
B-6 15.02 873,882.54 5,574.90 278.38
Totals 15.02 338,262,085.69 4,609,125.90 278.38
<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 75,415,117.22 109,544.87 1,062,212.19 0.00 0.00
A-7 15,714,000.00 15,277,467.48 22,191.41 215,181.16 0.00 0.00
A-8 10,476,000.00 10,184,978.32 14,794.28 143,454.11 0.00 0.00
A-9 25,000,000.00 24,685,638.89 11,978.27 116,148.38 0.00 0.00
A-10 38,450,000.00 37,966,512.61 18,422.57 178,636.22 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 5,522,565.01 71,638.63 694,650.74 -32,214.96 0.00
A-13 1,851,000.00 0.00 0.00 0.00 0.00 0.00
A-14 2,661,000.00 2,524,989.50 3,667.69 35,564.15 0.00 0.00
A-15 38,400,000.00 38,400,000.00 0.00 0.00 0.00 0.00
A-16 1,000,000.00 972,220.15 1,412.21 13,693.60 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 89,222.53 78.36 4.97 0.00 0.00
B-1 4,378,000.00 4,368,133.70 3,349.26 0.00 0.00 0.00
B-2 5,255,000.00 5,243,157.28 4,020.18 0.00 0.00 0.00
B-3 1,576,000.00 1,572,448.31 1,205.67 0.00 0.00 0.00
B-4 1,226,000.00 1,223,237.08 937.91 0.00 0.00 0.00
B-5 700,000.00 698,422.47 535.51 0.00 0.00 0.00
B-6 876,528.45 874,553.10 655.54 0.00 0.00 15.02
Totals 350,280,200.18 340,953,863.65 264,432.36 2,459,545.52 (32,214.96) 15.02
<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 1,171,757.06 74,243,360.16 0.95711435 1,171,757.06
A-7 237,372.57 15,040,094.90 0.95711435 237,372.57
A-8 158,248.38 10,026,729.94 0.95711435 158,248.38
A-9 128,126.65 24,557,512.24 0.98230049 128,126.65
A-10 197,058.79 37,769,453.82 0.98230049 197,058.79
A-11 0.00 0.00 0.00000000 0.00
A-12 734,074.41 4,788,490.60 0.73151399 734,074.41
A-13 0.00 0.00 0.00000000 0.00
A-14 39,231.85 2,485,757.65 0.93414418 39,231.85
A-15 0.00 38,400,000.00 1.00000000 0.00
A-16 15,105.80 957,114.35 0.95711435 15,105.80
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
APO 83.34 89,139.19 0.99628330 83.34
B-1 3,349.26 4,364,784.44 0.99698137 3,349.26
B-2 4,020.18 5,239,137.10 0.99698137 4,020.18
B-3 1,205.67 1,571,242.64 0.99698137 1,205.67
B-4 937.91 1,222,299.16 0.99698137 937.91
B-5 535.51 697,886.96 0.99698137 535.51
B-6 670.56 873,882.54 0.99698138 655.54
Totals 2,691,777.94 338,262,085.69 0.96569000 2,691,762.92
</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 77,570,000.00 972.22015238 1.41220665 13.69359533 0.00000000
A-7 15,714,000.00 972.22015273 1.41220631 13.69359552 0.00000000
A-8 10,476,000.00 972.22015273 1.41220695 13.69359584 0.00000000
A-9 25,000,000.00 987.42555560 0.47913080 4.64593520 0.00000000
A-10 38,450,000.00 987.42555553 0.47913056 4.64593550 0.00000000
A-11 2,576,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-12 6,546,000.00 843.65490529 10.94387870 106.11835319 -4.92131989
A-13 1,851,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-14 2,661,000.00 948.88744833 1.37831266 13.36495678 0.00000000
A-15 38,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 1,000,000.00 972.22015000 1.41221000 13.69360000 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 89,471.73 997.21476270 0.87580736 0.05554827 0.00000000
B-1 4,378,000.00 997.74639105 0.76502056 0.00000000 0.00000000
B-2 5,255,000.00 997.74639010 0.76501998 0.00000000 0.00000000
B-3 1,576,000.00 997.74638959 0.76501904 0.00000000 0.00000000
B-4 1,226,000.00 997.74639478 0.76501631 0.00000000 0.00000000
B-5 700,000.00 997.74638571 0.76501429 0.00000000 0.00000000
B-6 876,528.45 997.74639374 0.74788217 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 15.10580199 957.11435039 0.95711435 15.10580199
A-7 0.00000000 15.10580183 957.11435026 0.95711435 15.10580183
A-8 0.00000000 15.10580183 957.11435090 0.95711435 15.10580183
A-9 0.00000000 5.12506600 982.30048960 0.98230049 5.12506600
A-10 0.00000000 5.12506606 982.30048947 0.98230049 5.12506606
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 112.14091201 731.51399328 0.73151399 112.14091201
A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00000000 14.74327321 934.14417512 0.93414418 14.74327321
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 15.10580000 957.11435000 0.95711435 15.10580000
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 0.93146740 996.28329529 0.99628330 0.93146740
B-1 0.00000000 0.76502056 996.98137049 0.99698137 0.76502056
B-2 0.00000000 0.76501998 996.98137012 0.99698137 0.76501998
B-3 0.00000000 0.76501904 996.98137056 0.99698137 0.76501904
B-4 0.00000000 0.76501631 996.98137031 0.99698137 0.76501631
B-5 0.00000000 0.76501429 996.98137143 0.99698137 0.76501429
B-6 0.01713578 0.76501795 996.98137579 0.99698138 0.74788217
<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% 75,415,117.22 383,752.97 0.00 0.00
A-7 15,714,000.00 9.21875% 15,277,467.48 117,365.96 0.00 0.00
A-8 10,476,000.00 7.87500% 10,184,978.32 66,838.92 0.00 0.00
A-9 25,000,000.00 6.90000% 24,685,638.89 141,942.42 0.00 0.00
A-10 38,450,000.00 7.06500% 37,966,512.61 223,527.84 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% 5,522,565.01 32,214.96 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% 2,524,989.50 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% 972,220.15 4,947.18 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% 89,222.53 0.00 0.00 0.00
B-1 4,378,000.00 6.75000% 4,368,133.70 24,570.75 0.00 0.00
B-2 5,255,000.00 6.75000% 5,243,157.28 29,492.76 0.00 0.00
B-3 1,576,000.00 6.75000% 1,572,448.31 8,845.02 0.00 0.00
B-4 1,226,000.00 6.75000% 1,223,237.08 6,880.71 0.00 0.00
B-5 700,000.00 6.75000% 698,422.47 3,928.63 0.00 0.00
B-6 876,528.45 6.75000% 874,553.10 4,919.36 0.00 0.00
Totals 350,280,200.18 1,917,362.98 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 0.00 383,752.97 0.00 74,243,360.16
A-7 0.00 0.00 117,365.96 0.00 15,040,094.90
A-8 0.00 0.00 66,838.92 0.00 10,026,729.94
A-9 0.00 0.00 141,942.42 0.00 24,557,512.24
A-10 0.00 0.00 223,527.84 0.00 37,769,453.82
A-11 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 32,214.96 0.00 4,788,490.60
A-13 0.00 0.00 0.00 0.00 0.00
A-14 0.00 0.00 0.00 0.00 2,485,757.65
A-15 0.00 0.00 216,000.00 0.00 38,400,000.00
A-16 0.00 0.00 4,947.18 0.00 957,114.35
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 89,139.19
B-1 0.00 0.00 24,570.75 0.00 4,364,784.44
B-2 0.00 0.00 29,492.76 0.00 5,239,137.10
B-3 0.00 0.00 8,845.02 0.00 1,571,242.64
B-4 0.00 0.00 6,880.71 0.00 1,222,299.16
B-5 0.00 0.00 3,928.63 0.00 697,886.96
B-6 0.00 0.00 4,919.36 0.00 873,882.54
Totals 0.00 0.00 1,917,362.98 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% 972.22015238 4.94718280 0.00000000 0.00000000
A-7 15,714,000.00 9.21875% 972.22015273 7.46887871 0.00000000 0.00000000
A-8 10,476,000.00 7.87500% 972.22015273 6.38019473 0.00000000 0.00000000
A-9 25,000,000.00 6.90000% 987.42555560 5.67769680 0.00000000 0.00000000
A-10 38,450,000.00 7.06500% 987.42555553 5.81346788 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% 843.65490529 4.92131989 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% 948.88744833 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% 972.22015000 4.94718000 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% 997.21476270 0.00000000 0.00000000 0.00000000
B-1 4,378,000.00 6.75000% 997.74639105 5.61232298 0.00000000 0.00000000
B-2 5,255,000.00 6.75000% 997.74639010 5.61232350 0.00000000 0.00000000
B-3 1,576,000.00 6.75000% 997.74638959 5.61232234 0.00000000 0.00000000
B-4 1,226,000.00 6.75000% 997.74639478 5.61232463 0.00000000 0.00000000
B-5 700,000.00 6.75000% 997.74638571 5.61232857 0.00000000 0.00000000
B-6 876,528.45 6.75000% 997.74639374 5.61232211 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 4.94718280 0.00000000 957.11435039
A-7 0.00000000 0.00000000 7.46887871 0.00000000 957.11435026
A-8 0.00000000 0.00000000 6.38019473 0.00000000 957.11435090
A-9 0.00000000 0.00000000 5.67769680 0.00000000 982.30048960
A-10 0.00000000 0.00000000 5.81346788 0.00000000 982.30048947
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-12 0.00000000 0.00000000 4.92131989 0.00000000 731.51399328
A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 934.14417512
A-15 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 4.94718000 0.00000000 957.11435000
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 996.28329529
B-1 0.00000000 0.00000000 5.61232298 0.00000000 996.98137049
B-2 0.00000000 0.00000000 5.61232350 0.00000000 996.98137012
B-3 0.00000000 0.00000000 5.61232234 0.00000000 996.98137056
B-4 0.00000000 0.00000000 5.61232463 0.00000000 996.98137031
B-5 0.00000000 0.00000000 5.61232857 0.00000000 996.98137143
B-6 0.00000000 0.00000000 5.61232211 0.00000000 996.98137579
<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 46,553.84
Deposits
Payments of Interest and Principal 4,706,780.94
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 4,706,780.94
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 74,283.58
Payment of Interest and Principal 4,609,125.92
Total Withdrawals (Pool Distribution Amount) 4,683,409.50
Ending Balance 69,925.28
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,294.36
Servicing Fee Support 1,294.36
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 71,031.90
Master Servicing Fee 4,546.04
Supported Prepayment/Curtailment Interest Shortfall 1,294.36
Net Servicing Fee 74,283.58
</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 2 459,192.33 0.181488% 0.135750%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 279,687.02 0.090744% 0.082684%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 3 738,879.35 0.272232% 0.218434%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 15.02
Cumulative Realized Losses - Includes Interest Shortfall 278.38
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 305,741.91
</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% 13,969,232.84 4.12970694% 95.869205% 100.000000%
Class B-1 9,633,528.45 2.75023494% 9,604,448.40 2.83935114% 1.290696% 0.000000%
Class B-2 4,378,528.45 1.25000741% 4,365,311.30 1.29051155% 1.549248% 0.000000%
Class B-3 2,802,528.45 0.80008189% 2,794,068.66 0.82600705% 0.464627% 0.000000%
Class B-4 1,576,528.45 0.45007638% 1,571,769.50 0.46466026% 0.361442% 0.000000%
Class B-5 876,528.45 0.25023637% 873,882.54 0.25834481% 0.206370% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.258413% 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 0.02956288%
Fraud 7,005,604.00 2.00000000% 7,005,604.00 2.07105800%
Special Hazard 3,502,802.00 1.00000000% 3,502,802.00 1.03552900%
<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 7.574122%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 353
Begin Scheduled Collateral Loan Count 1,110
Number Of Loans Paid In Full 8
End Scheduled Collateral Loan Count 1,102
Begining Scheduled Collateral Balance 340,953,863.65
Ending Scheduled Collateral Balance 338,262,085.70
Ending Actual Collateral Balance at 30-Jun-1998 340,099,306.60
Ending Scheduled Balance For Norwest 320,865,839.03
Ending Scheduled Balance For Other Services 17,396,246.67
Monthly P &I Constant 2,256,061.36
Class A Optimal Amount 4,519,701.27
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 330,725,708.84
Ending scheduled Balance For discounted Loans 7,536,376.86
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 276,670,597.00
Greater Than 80%, less than or equal to 85% 6,958,254.70
Greater than 85%, less than or equal to 95% 54,655,902.05
Greater than 95% 0.00
</TABLE>
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