NORWEST ASSET SECURITIES CORP MOR PAS THR CERT SER 1998-7 TR
8-K, 1998-07-08
ASSET-BACKED SECURITIES
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				  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):  June 25, 1998
					
		      NORWEST ASSET SECURITIES CORPORATION
	     Mortgage Pass-Through Certificates, Series 1998-7 Trust


New York (governing law of          333-45021-02    52-2094627
Pooling and Servicing Agreement)    (Commission    IRS EIN 
(State or other                     File Number)
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 June 25, 1998 a distribution was made to holders of NORWEST ASSET 
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-7 
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 1998-7 Trust, 
			      relating to the June 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 1998-7 Trust

	      By:   Norwest Bank Minnesota, N.A., as Master Servicer
	      By:   /s/ Sherri J. Sharps, Vice President
	      By:   Sherri J. Sharps, Vice President
	      Date: 7/3/1998


				INDEX TO EXHIBITS
	       
Exhibit Number                   Description
					 
EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through 
		Certificates, Series 1998-7 Trust, relating to the June 25, 
		1998 distribution. 
		





<TABLE>
<CAPTION>
Norwest Asset Securities Corporation 
Mortgage Pass-Through Certificates
Record Date:            5/29/1998
Distribution Date:     6/25/1998


NASCOR  Series: 1998-7
Contact: Customer Service
	 Norwest Bank Minnesota, N.A.
	 Securities Administration Services
	 7485 New Horizon Way
	 Frederick, MD 21703
	 Telephone: (301) 846-8130
	 Fax:       (301) 846-8152


					     Certificateholder Distribution Summary

		       Certificate      Certificate        Beginning                              
			  Class        Pass-Through      Certificate       Interest      Principal
Class          CUSIP   Description             Rate          Balance   Distribution   Distribution
<S>          <C>        <C>            <C>            <C>               <C>             <C>
    A-1        66937NF86         SEQ          6.75000%     49,045,834.41      275,882.82      243,886.35
    A-2        66937NF94         SEQ          6.75000%    125,878,352.69      708,065.73      925,724.78
    A-3        66937NG28         SEQ          6.75000%      7,000,000.00       39,375.00            0.00
    A-4        66937NG36         SEQ          6.50000%      7,287,000.00       39,471.25            0.00
    A-5        66937NG44         SEQ          7.00000%      7,287,000.00       42,507.50            0.00
    A-6        66937NG51         SEQ          6.75000%     19,700,000.00      110,812.50            0.00
    A-7        66937NG69         SEQ          6.55000%     10,562,222.00       57,652.13            0.00
    A-8        66937NG77         SEQ          7.00000%      8,449,778.00       49,290.37            0.00
    A-R        66937NG85          R           6.75000%              0.00            0.00            0.00
    APO        NMB9807PO         PO           0.00000%        103,266.88            0.00          105.39
    B-1        66937NG93         SUB          6.75000%      3,995,955.14       22,477.25        3,079.18
    B-2        66937NH27         SUB          6.75000%      3,371,899.18       18,966.93        2,598.30
    B-3        66937NH35         SUB          6.75000%      1,123,300.73        6,318.57          865.59
    B-4        66937NJ41         SUB          6.75000%        749,865.65        4,217.99          577.83
    B-5        66937NJ58         SUB          6.75000%        374,433.58        2,106.19          288.53
    B-6        66937NJ66         SUB          6.75000%        625,063.74        3,515.98          360.86
Totals                                                    245,553,972.00    1,380,660.21    1,177,486.81
</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          48,801,948.06               519,769.17                      0.00
A-2                            0.00         124,952,627.91             1,633,790.51                      0.00
A-3                            0.00           7,000,000.00                39,375.00                      0.00
A-4                            0.00           7,287,000.00                39,471.25                      0.00
A-5                            0.00           7,287,000.00                42,507.50                      0.00
A-6                            0.00          19,700,000.00               110,812.50                      0.00
A-7                            0.00          10,562,222.00                57,652.13                      0.00
A-8                            0.00           8,449,778.00                49,290.37                      0.00
A-R                            0.00                   0.00                     0.00                      0.00
APO                            0.00             103,161.48                   105.39                      0.00
B-1                            0.00           3,992,875.96                25,556.43                      0.00
B-2                            0.00           3,369,300.88                21,565.23                      0.00
B-3                            0.00           1,122,435.15                 7,184.16                      0.00
B-4                            0.00             749,287.82                 4,795.82                      0.00
B-5                            0.00             374,145.05                 2,394.72                      0.00
B-6                          120.80             624,582.08                 3,876.84                    315.97
Totals                       120.80         244,376,364.39             2,558,147.02                    315.97
<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                  50,000,000.00      49,045,834.41         37,793.44       206,092.91           0.00            0.00
A-2                 129,500,000.00     125,878,352.69        143,453.39       782,271.40           0.00            0.00
A-3                   7,000,000.00       7,000,000.00              0.00             0.00           0.00            0.00
A-4                   7,287,000.00       7,287,000.00              0.00             0.00           0.00            0.00
A-5                   7,287,000.00       7,287,000.00              0.00             0.00           0.00            0.00
A-6                  19,700,000.00      19,700,000.00              0.00             0.00           0.00            0.00
A-7                  10,562,222.00      10,562,222.00              0.00             0.00           0.00            0.00
A-8                   8,449,778.00       8,449,778.00              0.00             0.00           0.00            0.00
A-R                         100.00               0.00              0.00             0.00           0.00            0.00
APO                     103,499.26         103,266.88             89.39            16.00           0.00            0.00
B-1                   4,002,000.00       3,995,955.14          3,079.18             0.00           0.00            0.00
B-2                   3,377,000.00       3,371,899.18          2,598.30             0.00           0.00            0.00
B-3                   1,125,000.00       1,123,300.73            865.59             0.00           0.00            0.00
B-4                     751,000.00         749,865.65            577.83             0.00           0.00            0.00
B-5                     375,000.00         374,433.58            288.53             0.00           0.00            0.00
B-6                     626,009.30         625,063.74            360.86             0.00           0.00          120.80
Totals              250,145,608.56     245,553,972.00        189,106.51       988,380.31            0.00         120.80
<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                             243,886.35         48,801,948.06           0.97603896        243,886.35
A-2                             925,724.78        124,952,627.91           0.96488516        925,724.78
A-3                                   0.00          7,000,000.00           1.00000000              0.00
A-4                                   0.00          7,287,000.00           1.00000000              0.00
A-5                                   0.00          7,287,000.00           1.00000000              0.00
A-6                                   0.00         19,700,000.00           1.00000000              0.00
A-7                                   0.00         10,562,222.00           1.00000000              0.00
A-8                                   0.00          8,449,778.00           1.00000000              0.00
A-R                                   0.00                  0.00           0.00000000              0.00
APO                                 105.39            103,161.48           0.99673640            105.39
B-1                               3,079.18          3,992,875.96           0.99772013          3,079.18
B-2                               2,598.30          3,369,300.88           0.99772013          2,598.30
B-3                                 865.59          1,122,435.15           0.99772013            865.59
B-4                                 577.83            749,287.82           0.99772013            577.83
B-5                                 288.53            374,145.05           0.99772013            288.53
B-6                                 481.66            624,582.08           0.99772013            360.86
Totals                        1,177,607.61        244,376,364.39           0.97693646      1,177,486.81
</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                    50,000,000.00        980.91668820         0.75586880          4.12185820        0.00000000
A-2                   129,500,000.00        972.03361151         1.10774819          6.04070579        0.00000000
A-3                     7,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                     7,287,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-5                     7,287,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-6                    19,700,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-7                    10,562,222.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-8                     8,449,778.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
APO                       103,499.26        997.75476656         0.86367767          0.15459048        0.00000000
B-1                     4,002,000.00        998.48954023         0.76941029          0.00000000        0.00000000
B-2                     3,377,000.00        998.48954101         0.76941072          0.00000000        0.00000000
B-3                     1,125,000.00        998.48953778         0.76941333          0.00000000        0.00000000
B-4                       751,000.00        998.48954727         0.76941411          0.00000000        0.00000000
B-5                       375,000.00        998.48954667         0.76941333          0.00000000        0.00000000
B-6                       626,009.30        998.48954321         0.57644511          0.00000000        0.00000000
<FN>
(2) Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>

				      Principal Distribution Factors Statement (continued)
					      Total                Ending              Ending             Total
			Realized          Principal           Certificate         Certificate         Principal
Class                   Loss (3)          Reduction               Balance          Percentage      Distribution

<S>            <C>                 <C>                 <C>                    <C>                 <C>
A-1                     0.00000000          4.87772700            976.03896120          0.97603896         4.87772700
A-2                     0.00000000          7.14845390            964.88515761          0.96488516         7.14845390
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          1,000.00000000          1.00000000         0.00000000
A-6                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-7                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-8                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
APO                     0.00000000          1.01826815            996.73640179          0.99673640         1.01826815
B-1                     0.00000000          0.76941029            997.72012994          0.99772013         0.76941029
B-2                     0.00000000          0.76941072            997.72013029          0.99772013         0.76941072
B-3                     0.00000000          0.76941333            997.72013333          0.99772013         0.76941333
B-4                     0.00000000          0.76941411            997.72013316          0.99772013         0.76941411
B-5                     0.00000000          0.76941333            997.72013333          0.99772013         0.76941333
B-6                     0.19296838          0.76941349            997.72012972          0.99772013         0.57644511
<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                50,000,000.00        6.75000%      49,045,834.41          275,882.82           0.00             0.00
A-2               129,500,000.00        6.75000%     125,878,352.69          708,065.73           0.00             0.00
A-3                 7,000,000.00        6.75000%       7,000,000.00           39,375.00           0.00             0.00
A-4                 7,287,000.00        6.50000%       7,287,000.00           39,471.25           0.00             0.00
A-5                 7,287,000.00        7.00000%       7,287,000.00           42,507.50           0.00             0.00
A-6                19,700,000.00        6.75000%      19,700,000.00          110,812.50           0.00             0.00
A-7                10,562,222.00        6.55000%      10,562,222.00           57,652.13           0.00             0.00
A-8                 8,449,778.00        7.00000%       8,449,778.00           49,290.37           0.00             0.00
A-R                       100.00        6.75000%               0.00                0.00           0.00             0.00
APO                   103,499.26        0.00000%         103,266.88                0.00           0.00             0.00
B-1                 4,002,000.00        6.75000%       3,995,955.14           22,477.25           0.00             0.00
B-2                 3,377,000.00        6.75000%       3,371,899.18           18,966.93           0.00             0.00
B-3                 1,125,000.00        6.75000%       1,123,300.73            6,318.57           0.00             0.00
B-4                   751,000.00        6.75000%         749,865.65            4,217.99           0.00             0.00
B-5                   375,000.00        6.75000%         374,433.58            2,106.19           0.00             0.00
B-6                   626,009.30        6.75000%         625,063.74            3,515.98           0.00             0.00
Totals            250,145,608.56                                           1,380,660.21           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           275,882.82                0.00      48,801,948.06
A-2                            0.00                0.00           708,065.73                0.00     124,952,627.91
A-3                            0.00                0.00            39,375.00                0.00       7,000,000.00
A-4                            0.00                0.00            39,471.25                0.00       7,287,000.00
A-5                            0.00                0.00            42,507.50                0.00       7,287,000.00
A-6                            0.00                0.00           110,812.50                0.00      19,700,000.00
A-7                            0.00                0.00            57,652.13                0.00      10,562,222.00
A-8                            0.00                0.00            49,290.37                0.00       8,449,778.00
A-R                            0.00                0.00                 0.00                0.00               0.00
APO                            0.00                0.00                 0.00                0.00         103,161.48
B-1                            0.00                0.00            22,477.25                0.00       3,992,875.96
B-2                            0.00                0.00            18,966.93                0.00       3,369,300.88
B-3                            0.00                0.00             6,318.57                0.00       1,122,435.15
B-4                            0.00                0.00             4,217.99                0.00         749,287.82
B-5                            0.00                0.00             2,106.19                0.00         374,145.05
B-6                            0.00                0.00             3,515.98                0.00         624,582.08
Totals                         0.00                0.00         1,380,660.21                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                  50,000,000.00        6.75000%         980.91668820        5.51765640        0.00000000        0.00000000
A-2                 129,500,000.00        6.75000%         972.03361151        5.46768903        0.00000000        0.00000000
A-3                   7,000,000.00        6.75000%        1000.00000000        5.62500000        0.00000000        0.00000000
A-4                   7,287,000.00        6.50000%        1000.00000000        5.41666667        0.00000000        0.00000000
A-5                   7,287,000.00        7.00000%        1000.00000000        5.83333333        0.00000000        0.00000000
A-6                  19,700,000.00        6.75000%        1000.00000000        5.62500000        0.00000000        0.00000000
A-7                  10,562,222.00        6.55000%        1000.00000000        5.45833348        0.00000000        0.00000000
A-8                   8,449,778.00        7.00000%        1000.00000000        5.83333314        0.00000000        0.00000000
A-R                         100.00        6.75000%           0.00000000        0.00000000        0.00000000        0.00000000
APO                     103,499.26        0.00000%         997.75476656        0.00000000        0.00000000        0.00000000
B-1                   4,002,000.00        6.75000%         998.48954023        5.61650425        0.00000000        0.00000000
B-2                   3,377,000.00        6.75000%         998.48954101        5.61650281        0.00000000        0.00000000
B-3                   1,125,000.00        6.75000%         998.48953778        5.61650667        0.00000000        0.00000000
B-4                     751,000.00        6.75000%         998.48954727        5.61649800        0.00000000        0.00000000
B-5                     375,000.00        6.75000%         998.48954667        5.61650667        0.00000000        0.00000000
B-6                     626,009.30        6.75000%         998.48954321        5.61649803        0.00000000        0.00000000
<FN>
(5) Per $1,000 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         5.51765640          0.00000000          976.03896120
A-2                   0.00000000        0.00000000         5.46768903          0.00000000          964.88515761
A-3                   0.00000000        0.00000000         5.62500000          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         5.41666667          0.00000000         1000.00000000
A-5                   0.00000000        0.00000000         5.83333333          0.00000000         1000.00000000
A-6                   0.00000000        0.00000000         5.62500000          0.00000000         1000.00000000
A-7                   0.00000000        0.00000000         5.45833348          0.00000000         1000.00000000
A-8                   0.00000000        0.00000000         5.83333314          0.00000000         1000.00000000
A-R                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
APO                   0.00000000        0.00000000         0.00000000          0.00000000          996.73640179
B-1                   0.00000000        0.00000000         5.61650425          0.00000000          997.72012994
B-2                   0.00000000        0.00000000         5.61650281          0.00000000          997.72013029
B-3                   0.00000000        0.00000000         5.61650667          0.00000000          997.72013333
B-4                   0.00000000        0.00000000         5.61649800          0.00000000          997.72013316
B-5                   0.00000000        0.00000000         5.61650667          0.00000000          997.72013333
B-6                   0.00000000        0.00000000         5.61649803          0.00000000          997.72012972
<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                                                           2,708,165.46
    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                                                                                   2,708,165.46

Withdrawals
    Reimbursement for Servicer Advances                                                             77,217.77
    Payment of Service Fee                                                                          54,150.30
    Payment of Interest and Principal                                                            2,558,147.02
Total Withdrawals (Pool Distribution Amount)                                                     2,689,515.09

Ending Balance                                                                                      18,650.37

</TABLE>
<TABLE>
<CAPTION>

					    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                        279.98
Servicing Fee Support                                                                                  279.98
Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

							 SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                 51,156.28
Master Servicing Fee                                                                                 3,274.00
Supported Prepayment/Curtailment Interest Shortfall                                                    279.98
Net Servicing Fee                                                                                   54,150.30

</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                                   4      1,230,767.07               0.504414%          0.503636%
60 Days                                   1        462,623.37               0.126103%          0.189308%
90+ Days                                  1        260,815.78               0.126103%          0.106727%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                    6      1,954,206.22               0.756620%          0.799671%
</TABLE>
<TABLE>
<CAPTION>
						       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                         120.80
Cumulative Realized Losses - Includes Interest Shortfall                                           315.97
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                               398,807.16
</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         10,256,009.30      4.10001573%      10,232,626.94    4.18724084%      95.810991%    100.000000%
Class    B-1        6,254,009.30      2.50014755%       6,239,750.98    2.55333653%       1.634594%      0.000000%
Class    B-2        2,877,009.30      1.15013384%       2,870,450.10    1.17460218%       1.379317%      0.000000%
Class    B-3        1,752,009.30      0.70039579%       1,748,014.95    0.71529624%       0.459500%      0.000000%
Class    B-4        1,001,009.30      0.40017065%         998,727.13    0.40868401%       0.306742%      0.000000%
Class    B-5          626,009.30      0.25025796%         624,582.08    0.25558203%       0.153167%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.255690%      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       0.03997672%        100,000.00       0.04092049%
		      Fraud       5,002,912.17       2.00000000%      5,002,912.17       2.04721606%
	     Special Hazard       2,501,456.09       1.00000000%      2,501,456.09       1.02360803%
<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                                      7.540947%
Weighted Average Pass-Through Rate                                 6.750000%
Weighted Average Maturity(Stepdown Calculation )                         354
Begin Scheduled Collateral Loan Count                                    796

Number Of Loans Paid In Full                                               3
End Scheduled Collateral Loan Count                                      793
Begining Scheduled Collateral Balance                         245,553,972.00
Ending Scheduled Collateral Balance                           244,376,364.40
Ending Actual Collateral Balance at 29-May-1998               244,559,765.37
Ending Scheduled Balance For Norwest                          184,600,999.44
Ending Scheduled Balance For Other Services                    59,775,364.96
Monthly P &I Constant                                           1,624,914.40
Class A Optimal Amount                                          2,492,668.44
Class AP Deferred Amount                                                0.00
Ending Scheduled Balance for Premium Loans                    235,451,485.49
Ending scheduled Balance For discounted Loans                   8,924,878.91
Unpaid Principal Balance Of Outstanding Mortgage Loans 
With Original LTV:
    Less Than Or Equal To 80%                                 213,049,850.12
    Greater Than 80%, less than or equal to 85%                 4,722,588.44
    Greater than 85%, less than or equal to 95%                26,644,469.69
    Greater than 95%                                                    0.00




 
 </TABLE> 











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